Document:

Exhibit 10.36

 

This is an English Translation

 

Loan Agreement

 

Party A: Beijing China Auto Rental Co., Ltd.

 

Party B: Beijing Huaxia United Automobile Association Co., Ltd.

 

Through friendly consultation, Party A and Party B hereby enter into the following agreements in good faith:

 

I.              Loan Amount

 

1.             Party B shall borrow from Party A a loan in the amount of RMB TEN MILLION; and

 

2.             Party A agrees to lend to Party B a loan in the amount of RMB TEN MILLION.

 

II.            Conditions of Loan

 

Party B shall provide guarantee with the lands and plants owned by Party B’s sister company United Auto (Langfang) Co., Ltd. in Langfang Development Zone for the RMB TWENTY MILLION auto financial lease amount between Party A and Minsheng Financial Leasing Co., Ltd.

 

III.           Loan Interest and Repayment Deadline

 

1.             Party B shall pay an annual rate 8% interest for the loans provided by Party A, which shall be payable upon repayment of the principal loan;

 

2.             The term of the loan provided by Party A to Party B under this Agreement shall be two years starting from May 28, 2010 to May 27, 2012;

 

3.             In the case Party A early repays the auto finance lease to Minsheng Financial Leasing Co., Ltd. and thereby releases Party B’s of the guaranteed liabilities on the foregoing lands and plants, Item 2 above shall no longer be applicable and Party B shall repay the loan under this Agreement within three months after the mortgage security imposed on the Langfang lands and plants has been released.

 

IV.           Warranty

 

Party B must repay the principal loan and interest on or before the deadline as provided hereunder.

 

V.            Any issues not covered under this Agreement shall be consulted jointly by Party A and Party B and provided in a supplemental agreement. The supplemental agreement shall have the same legal effect as this Agreement.

 

 

VI.           This Agreement is entered into on May 28, 2010 in Beijing.

 

VII.          This Agreement has two original copies, with each copy equally authentic. Party A and Party B each hold one copy.

 

VIII.        This Agreement becomes effective after sealed by both Party A and Party B.

 

IX.           Dispute Resolution

 

Any dispute arising out of the construction and performance of this Agreement between both parties shall be resolved through friendly consultation. If no resolution can be reached through consultation, either party shall be entitled to refer such dispute to Beijing Arbitration Commission for arbitration.

 

 

Party A: Beijing China Auto Rental Co., Ltd.

 

[Company’s Seal Affixed]

 

	
Legal Representative:
    	
/s/ Charles Zhengyao Lu
    	
 
    

 

Seal:

 

 

 

Party B: Beijing Huaxia United Automobile Association Co., Ltd.

 

[Company’s Seal Affixed]

 

	
Legal Representative:
    	
/s/ Charles Zhengyao Lu
    	
 
    

 

Seal:

 

 

Date: May 28, 2010Exhibit 10.37

 

PROMISSORY NOTE

 

	
Effective   Date: February 27, 2012
    	
 
    	
Amount RMB3,460,000
    

 

PROMISE TO PAY.  Beijing Shenzhou Deke Technology Development Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (the “Company”) promises to pay to the order of Beijing China Auto Rental Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (“Lender”) RMB3,460,000 (the “Indebtedness”).

 

MATURITY AND PAYMENT. This Note shall mature within fifteen (15) Business Days after receipt of written notice to the Company by Lender of its demand of repayment of the Indebtedness (the “Due Date”), and the entire balance of the Indebtedness shall be due and payable in full on the Due Date. All payments hereunder shall be in immediately available RMB funds. For the purposes of this Note, “Business Day” shall mean any day other than a Saturday, Sunday or legal holiday under the laws of the People’s Republic of China.

 

MISCELLANEOUS. Nothing in this Note shall waive or restrict any right of Lender granted in any other document or by law.  No delay on the part of Lender in the exercise of any right or remedy shall operate as a waiver. The terms and conditions of this Note may not be amended, waived or modified except in a writing signed by Lender expressly stating that the writing constitutes an amendment, waiver, or modification of the terms of this Note. This Note shall bind the respective successors and assigns of the Company. This Note is governed by the laws of the People’s Republic of China and is made effective as of the Effective Date.

 

SIGNATURES ON THE FOLLOWING PAGE

 

 

The Company has duly executed this Note as of February 27, 2012.

 

 

	
 
    	
Beijing   Shenzhou Deke Technology Development Co., Ltd.
    
	
 
    	
 
    
	
 
    	
a   company incorporated in the People’s Republic of China
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
[Company   seal affixed]Exhibit 10.38

 

PROMISSORY NOTE

 

	
Effective   Date: February 27, 2012
    	
 
    	
Amount RMB8,609,891.61
    

 

PROMISE TO PAY.  Beijing Shenzhou Deke Technology Development Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (the “Company”) promises to pay to the order of Lianhui Auto (Langfang) Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (“Lender”) RMB8,609,891.61(the “Indebtedness”).

 

MATURITY AND PAYMENT. This Note shall mature within fifteen (15) Business Days after receipt of written notice to the Company by Lender of its demand of repayment of the Indebtedness (the “Due Date”), and the entire balance of the Indebtedness shall be due and payable in full on the Due Date. All payments hereunder shall be in immediately available RMB funds. For the purposes of this Note, “Business Day” shall mean any day other than a Saturday, Sunday or legal holiday under the laws of the People’s Republic of China.

 

MISCELLANEOUS. Nothing in this Note shall waive or restrict any right of Lender granted in any other document or by law.  No delay on the part of Lender in the exercise of any right or remedy shall operate as a waiver. The terms and conditions of this Note may not be amended, waived or modified except in a writing signed by Lender expressly stating that the writing constitutes an amendment, waiver, or modification of the terms of this Note. This Note shall bind the respective successors and assigns of the Company. This Note is governed by the laws of the People’s Republic of China and is made effective as of the Effective Date.

 

SIGNATURES ON THE FOLLOWING PAGE

 

 

The Company has duly executed this Note as of February 27, 2012.

 

 

	
 
    	
 
    	
Beijing   Shenzhou Deke Technology Development Co., Ltd.

 

a   company incorporated in the People’s Republic of China

 

 

[Company   seal affixed]Exhibit 10.39

 

PROMISSORY NOTE

 

	
Effective   Date: February 27, 2012
    	
Amount RMB5,200,000
    

 

PROMISE TO PAY.  Lianhui Auto (Langfang) Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (the “Company”) promises to pay to the order of Beijing Huaxia United Auto Network Technology Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (“Lender”) RMB5,200,000 (the “Indebtedness”).

 

MATURITY AND PAYMENT. This Note shall mature within fifteen (15) Business Days after receipt of written notice to the Company by Lender of its demand of repayment of the Indebtedness (the “Due Date”), and the entire balance of the Indebtedness shall be due and payable in full on the Due Date. All payments hereunder shall be in immediately available RMB funds. For the purposes of this Note, “Business Day” shall mean any day other than a Saturday, Sunday or legal holiday under the laws of the People’s Republic of China.

 

MISCELLANEOUS. Nothing in this Note shall waive or restrict any right of Lender granted in any other document or by law.  No delay on the part of Lender in the exercise of any right or remedy shall operate as a waiver. The terms and conditions of this Note may not be amended, waived or modified except in a writing signed by Lender expressly stating that the writing constitutes an amendment, waiver, or modification of the terms of this Note. This Note shall bind the respective successors and assigns of the Company. This Note is governed by the laws of the People’s Republic of China and is made effective as of the Effective Date.

 

SIGNATURES ON THE FOLLOWING PAGE

 

 

The Company has duly executed this Note as of February 27, 2012.

 

 

	
 
    	
Lianhui   Auto (Langfang) Co., Ltd.
    
	
 
    	
 
    
	
 
    	
a   company incorporated in the People’s Republic of China
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
[Company   seal affixed]Exhibit 10.40

 

PROMISSORY NOTE

 

	
Effective   Date: February 27, 2012
    	
 
    	
Amount RMB11,900,000
    

 

PROMISE TO PAY.  Lianhui Auto (Langfang) Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (the “Company”) promises to pay to the order of Beijing Huaxia United Science & Technology Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (“Lender”) RMB11,900,000 (the “Indebtedness”).

 

MATURITY AND PAYMENT. This Note shall mature within fifteen (15) Business Days after receipt of written notice to the Company by Lender of its demand of repayment of the Indebtedness (the “Due Date”), and the entire balance of the Indebtedness shall be due and payable in full on the Due Date. All payments hereunder shall be in immediately available RMB funds. For the purposes of this Note, “Business Day” shall mean any day other than a Saturday, Sunday or legal holiday under the laws of the People’s Republic of China.

 

MISCELLANEOUS. Nothing in this Note shall waive or restrict any right of Lender granted in any other document or by law.  No delay on the part of Lender in the exercise of any right or remedy shall operate as a waiver. The terms and conditions of this Note may not be amended, waived or modified except in a writing signed by Lender expressly stating that the writing constitutes an amendment, waiver, or modification of the terms of this Note. This Note shall bind the respective successors and assigns of the Company. This Note is governed by the laws of the People’s Republic of China and is made effective as of the Effective Date.

 

SIGNATURES ON THE FOLLOWING PAGE

 

 

The Company has duly executed this Note as of February 27, 2012.

 

 

	
 
    	
Lianhui   Auto (Langfang) Co., Ltd.
    
	
 
    	
 
    
	
 
    	
a   company incorporated in the People’s Republic of China
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
[Company   seal affixed]

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