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Exhibit 10.1

 
Line of Credit Agreement
10500014009

Party A: Guangfa Bank Co., Ltd. Shantou Branch
Address: Shaoshan Xinghe Mansion 1-4 Floor, S. Jinhuan Rd., Shantou
Zip Code: 515041
Legal Representative: Zhihua Yi
Telephone: 88895912
Fax: 88485293

Party B: Shantou Big Tree Toys Co., Ltd.
Address: South Part 1-101, Nanshe Area, Pengnan Industrial Park on North
Yingbinbei Road
 in Waisha Town of Longhu District in Shantou,
Zip Code: 515041
Legal Representative: Xinna Cai
Business License: 440507000024614
Telephone: 83238888
Fax: 83238998

Both parties agree to enter the following agreement.

1.
Definition:

2.
The Line of Credit:

See Term 13 and 25 of this agreement.

3.
Expiration Date

See Term 14.

4.
Conditions:

Party B shall provide all the official documents that requested by Party A.

5.
Interest Rate:

See Term 15.

6.
Other Expenses:

Other expenses related to this agreement will be discussed by both parties in
the actual business.

7.
Guarantee:

Party A will enter guarantee or pledge agreement with the guarantor if it is
required by the loan application.

8.
Declaration and Guarantee

Party B declares that it is a legal entity and can fully bear the
responsibilities that required by this agreement. Party A also guaranteed that
it will provide any official document that requested by Party A related to this
Line of Credit.

 
 

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9.
Breach:

Upon the event of any breach, Party B has the right to adjust or terminate the
amount of this Line of Credit, partially or fully terminate this agreement and
any other agreements signed under this agreement, directly transfer money from
the escrow account without Party A’s consent to repay part or full amount of the
debt that Party A owes to Party B and other necessary procedures.
 
 
10.
Amendment and termination.

Any term of this agreement does not affect the effectiveness of other terms.
 
 
11.
Notary

12.
Special Notification

Party B is fully aware and understands all the terms of this agreement.

13.
The amount of the credit

The max amount of this line of credit is RMB 23,000,000 Yuan.

14.
Period:

The Line of Credit defined in Term 2 shall bear a Period from the effective day
of this agreement to March 27 2015.
The period can be extended with both parties’ consents.

15.
Interest Rate

The interest rate is 120% of the Chinese Benchmark Rate of commercial loan, the
interest is due every three months.
If borrower doesn’t pay back the principal according to the deadline of
agreement, the interest rate of default interest is 150% of the original
interest rate from the overdue date.
If borrower doesn’t use the loan according to the agreement, the interest rate
of default interest is 200% the original interest rate from the date of breach.

16.
Loan Management

Party A has rights to know the production operation, financial activities,
inventories, usage of loan of the borrower, and required borrower to provide
files and information such as financial statements on time.
If some other behaviors that may affect the safety of loans, lender has rights
to stop providing loans or takes back loans ahead of time.

17.
Party B shall open an account at Party A’s Bank, the account will be used to
repay and withdraw the fund.

18.
Repayment

Party B shall deposit enough amount of money in the following account three
business days prior to each due date.  Account Number: 105040512010006531

19.
Guarantee

Party A will enter guarantee or pledge agreement with the guarantor if it is
required by the loan application.

 
 

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20.
Line of Credit renew

21.
Not Applicable

22.
Govern Laws

This agreement shall be governed by P.R.C laws, and if there is any
non-negotiable dispute between the two parties, the dispute shall be filed to
local court.

23.
Appendix

24.
Others:

25.
Party B has the right to recycling use the fund with maximum amount of RMB
23,000,000 Yuan. And the usage of the loan is to purchase toy products.

Party A: SEAL
Legal Representative: /s/Zhihua Yi
March 28, 2014

Party B: SEAL
Legal Representative: /s/Xinna Cai
March 28, 2014