Document:

Lexaria Corp.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

CONSULTING AGREEMENT 

 THIS AGREEMENT is made effective this 2nd day of December, 2010. 

BETWEEN: 

  Lexaria Corp., a body corporate duly incorporated under the laws of the State of Nevada, and having its Registered Office at 950-1130 West Pender, in the City of Vancouver, in the Province/State of British Columbia, V6E 4A4 

  (hereinafter called the "Company") 

 OF THE FIRST PART 

AND: 

Tom Ihrke, an individual in the State of South Carolina residing at 38 Krier Lane, Mount Pleasant, SC 29464. Phone 843.884.4358 

  (hereinafter called the "Consultant," or, “Ihrke”) 

 OF THE SECOND PART 

WHEREAS: 

A.         Ihrke has served as an Advisor to the Company since May 22, 2007; 

B.         The Company is desirous of retaining the consulting services of Ihrke as a Senior Vice President – Business Development, on a continuing basis and the Consultant has agreed to serve the Company as an independent contractor upon the terms
and conditions hereinafter set forth; 

             
  FOR VALUABLE CONSIDERATION it is hereby agreed as follows: 

1.         The Consultant shall provide corporate consulting services to the Company, such duties and responsibilities to include; 

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a) 		
Capital Raising. The Consultant will attempt to introduce capital to, and for use by the Company. This includes capital for oil & gas exploration and development; equity shares of the Company; and/or debt financing. All
contacts that the Consultant discusses Company business with, will thereafter be the property of the Company and all contact information must be provided to the Company on an ongoing basis.

	
	 	 	 
	
 	
b) 		
Business Development. The Consultant will develop and use his network of contacts that could lead to new business opportunities in the oil & gas sector; JV’s; Partnerships; or any other arrangement that could lead to new
or expanded business opportunities. All contacts that the Consultant discusses Company business with, will thereafter be the property of the Company and all contact information must be provided to the Company on an ongoing basis.

	
	 	 	 
	
 	
c) 		
General Operations. The Consultant shall serve the Company (and/or such subsidiary or subsidiaries of the company as the Company may from time to time require) in such consulting capacity or capacities as may from time to time be
determined by resolution of the Board of Directors or senior management of the Company and shall perform such duties and exercise such powers as may from time be determined by resolution of the Board of Directors, as an independent contractor. The
Consultant will work as needed with lawyers, partners, shareholders and other stakeholders as required by the Company. Financial modeling; presentation creation and delivery; meetings and more may all be considered to be General Operations.

	

2.         By virtue of this Agreement, the Company is expecting, and Ihrke is accepting, the responsibility of working, on average, 20 hours a week, on behalf of the Company. Some weeks Ihrke may be required to work more than 20 hours and some weeks Ihrke
may be required to work less than 20 hours in order to fulfill the terms of this Agreement.The Consultant shall not act in any capacity whatsoever, directly or indirectly for or for the betterment of any other oil & gas company, oil & gas
partnership, oil & gas project or oil & gas venture.

3.         The basic remuneration of the Consultant for its services hereunder shall be at the rate of three thousand one hundred and twenty five United States dollars (US$3,125) per month, together with any such increments thereto as the Board of
Directors of the Company may from time to time determine, payable on the last business day of each calendar month. In the event the Company and Ihrke mutually agree to such, the basic remuneration may instead by paid through the issuance of restricted common shares. The basic
compensation covers that time required by the Consultant to fulfill his tasks. Opportunities to earn additional compensation shall be as follows: 

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a) 		
If Ihrke introduces capital for the company, then at the time the Company receives such capital the Company shall pay an amount, in US Dollars, of up to 5% of the amount of capital raised by the Consultant. If the source of
capital demands a fee itself of more than 5%, then the total combined cost of capital shall not exceed 10%, with the Ihrke agreeing to adjust the fee on whatever sliding scale is necessary to not exceed the 10% overall cap.

	
	 	 	 
	
 	
b) 		
If the Ihrke arranges a business combination, merger, takeover or other material business development that is accepted by the Board of Directors of the Company, then Ihrke shall be paid an amount, in US Dollars, of up to 5% of the
amount of the business transaction arranged by Ihrke. If the source of the business transaction demands a fee itself of more than 5%, then the total combined cost of the business transaction shall not exceed 10%, with the Ihrke agreeing to adjust
its fee on whatever sliding scale is necessary to not exceed the 10% overall cap.

	

4.         The Consultant shall be eligible to receive stock options, of a quantity and with a strike price to be determined at the time of granting and in accordance with the Company’s stock option plan and all regulations, granted by the Company.
Further details of the stock options, including vesting, will be included within a separate stock option agreement. 

5.         The Consultant shall be responsible for the payment of its income taxes and other remittances including but not limited to any form of insurance as shall be required by any governmental entity with respect to compensation paid by the Company to
the Consultant. 

6.         The terms "subsidiary" and "subsidiaries" as used herein mean any corporation or company of which more than 50% of the outstanding shares carrying voting rights at all times (provided that the ownership of such shares confers the right at all
times to elect at least a majority of the Board of Directors of such corporation or company) are for the time being owned by or held for
the Company and/or any other corporation or company in like relation to the
Company and include any corporation or company in like relation to a subsidiary. 

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7.         The Consultant shall be reimbursed for all travelling and other expenses actually and properly incurred by it in connection with its duties hereunder. For all such expenses the Consultant shall furnish to the Company statements, receipts and
vouchers for such out-of-pocket expenses on a monthly basis. The Consultant is pre-authorized to incur up to $500 per month, cumulatively, in relevant expenses. Amounts over $500 per month must be approved by management of the Company. Both
parties recognize that as the financial condition of the Company improves or deteriorates, this amount may be increased or decreased without making changes to this document, provided the Company makes Ihrke aware of the changed amount. 

8.         The Consultant shall not, either during the continuance of its contract hereunder or at any time thereafter, disclose the private affairs of the Company and/or its subsidiary or subsidiaries, or any secrets of the Company and/or its subsidiary
or subsidiaries, to any person other than the Directors of the Company and/or its subsidiary or subsidiaries or for the Company's purposes and shall not (either during the continuance of its contract hereunder or at any time thereafter) use for its
own purposes or for any purpose other than those of the Company any information it may acquire in relation to the business and affairs of the Company and/or its subsidiary or subsidiaries, unless required by law. 

9.         The Consultant shall well and faithfully serve the Company or any subsidiary as aforesaid during the continuance of its contract hereunder and use its best efforts to promote the interests of the Company. 

10.         The Consultant agrees with the Company that it will during the term of his contract hereunder, so long as the Board of Directors of the Company and Ihrke may so desire, request Ihrke to serve the Company as an officer and director without
additional remuneration other than normal director's fees, if any, payable by virtue of the office of director and the provisions of the Articles of the Company. 

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11.         This Agreement may be terminated forthwith by the Company or Ihrke without prior notice if at any time: 

	
 	
(a) 		
The Company or Ihkre shall commit any material breach of any of the provisions herein contained; or

	
	 	 	 
	
 	
(b) 		
The Company or Ihkre shall be guilty of any misconduct or neglect in the discharge of its duties hereunder; or

	
	 	 	 
	
 	
(c) 		
The Company or Ihkre shall become bankrupt or make any arrangements or composition with its creditors; or

	
	 	 	 
	
 	
(d) 		
The Principals of the Company or Ihrke shall become of unsound mind or be declared incompetent to handle his own personal affairs; or

	
	 	 	 
	
 	
(e) 		
The Company or Ihrke shall be convicted of any criminal offence other than an offence which, in the reasonable opinion of the Board of Directors of the Company, does not affect their position as a Consultant or a director of the
Company.

	

This Agreement may also be terminated by either party upon thirty (30) days written notice to the other. Should the Company terminate this agreement for a reason not enumerated in items 11(a), 11(b), 11(c), 11(d), or 11 (e), Ihrke will be entitled
to any all remuneration, as it relates to transactions which were in process but had not yet closed at the date of his termination, to which he would have otherwise been entitled for a period of 9 months after the date of his termination. 

12.         In the event this Agreement is terminated by reason of default on the part of the Consultant or the written notice of the Company, then at the request of the Board of Directors of the Company, the Consultant shall cause Ihrke to forthwith
resign any position or office which he then holds with the Company or any subsidiary of the Company. The provisions of paragraph 9 shall survive the termination of this Agreement for a period of 2 years thereafter. 

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13.         The Company is aware that the Consultant has now and will continue to have financial interests in other companies and properties and the Company recognizes that these companies and properties will require a certain portion of the Consultant's
time. The Company agrees that the Consultant may continue to devote time to such outside interests, PROVIDED THAT such interests do not conflict with or hinder Ihrke’s ability to perform its duties under this Agreement. 

15.         The services to be performed by the Consultant pursuant hereto are personal in character, and neither this Agreement nor any rights or benefits arising thereunder are assignable by the Consultant without the previous written consent of the
Company. 

16.         With the express exception of outstanding options granted to Ihrke as a result of Advisory Services previously performed, and any prior investment made by Ihrke in the Company, any and all previous agreements, written or oral, between the
parties hereto or on their behalf relating to the agreement between the Consultant and the Company are hereby terminated and cancelled and each of the parties hereto hereby releases and forever discharges the other party hereto of and from all
manner of actions, causes of action, claims and demands whatsoever under or in respect of any such previous agreements. 

17.         Any notice in writing or permitted to be given to the Consultant hereunder shall be sufficiently given if delivered to the Consultant personally or mailed by registered mail, postage prepaid, addressed to the Consultant as its last residential
address known to the Company. Provided any such notice is mailed via guaranteed overnight delivery, as aforesaid shall be deemed to have been received by the Consultant on the first business day following the date of mailing. Any notice in writing
required or permitted to be given to the Company hereunder shall be given by registered mail, postage prepaid, addressed to the Company at the address shown on page 1 hereof. Any such notice mailed as aforesaid shall be deemed to have been received
by the Company on the first business day following the date of mailing provided such mailing is sent via guaranteed overnight delivery. Any such address for the giving of notices hereunder may be changed by notice in writing given hereunder. 

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18.         The provisions of this Agreement shall enure to the benefit of and be binding upon the Consultant and the successors and assigns of the Company. For this purpose, the terms "successors" and "assigns" shall include any person, firm or
corporation or other entity which at any time, whether by merger, purchase or otherwise, shall acquire all or substantially all of the assets or business of the Company. 

19.         Every provision of this Agreement is intended to be severable. If any term or provision hereof is illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity of the remainder of the provisions of
this Agreement. 

20.         This Agreement is being delivered and is intended to be managed from the Province of British Columbia and shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of such Province.
Similarly no provision within this contract is deemed valid should it conflict with the current or future laws of the United States of America or current or future regulations set forth by the United States Securities and Exchange Commission. This
Agreement may not be changed orally, but only by an instrument in writing signed by the party against whom or which enforcement of any waiver, change, modification or discharge is sought. 

21.         This Agreement and the obligations of the Company herein are subject to all applicable laws and regulations in force at the local, State, Province, and Federal levels in both Canada and the United States. In the event that there is an
employment dispute between the Company and Ihrke, Ihrke agrees to allow it to be settled according to applicable Canadian law in an applicable British Columbia jurisdiction. 

22.         This Agreement is in effect on a month to month basis unless otherwise terminated as noted above. 

  IN WITNESS WHEREOF this Agreement has been executed as of the day, month and year first above written. 

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 SIGNED by:  

____________________________________
 Bal Bhullar, 

CFO and Director, 

Lexaria Corp. 

SIGNED by:  

____________________________________
 Chris Bunka, 

CEO and Director, 

Lexaria Corp. 

SIGNED by: 

____________________________________
 Tom Ihrke 

ConsultantChina TransInfo Technology Corp.: Exhibit 10.1- Filed by newsfilecorp.com

Exhibit 10.1 

Loan Agreement 

Borrower: China TranWiseway Technology Co., Ltd.

Legal representative/main principal: Shudong Xia 
Title: Legal
representative 
Address: 8th Floor, Vision Building, No.39, Xueyuanlu,
Haidian District, Beijing 

	Zip Code: 100191 	Telephone No: 51691888 	Fax No: 51691666 
	  	  	  
	Lender (hereinafter referred to as “Bank
      of Beijing”): Zhongguancun Haidianyuan Branch of Bank of Beijing Co., Ltd.
    
	Legal representative/main principal: Qing Zhao
	Position: President 
	Address: 2nd Floor, Shouchuang
      Development Building, No.2 Beiyi Street, Haidian District, Beijing 
	Zip Code: 100080 	Telephone No.: 62699891 	Fax No: 62699940 

In accordance with laws and rules of the People’s Republic of
China and on the basis of observing fairness, through both parties’ negotiation,
the parties enter into the following agreement. 

A Related Agreement (fill in when applicable): 

This Agreement was signed by Bank of Beijing acting as the
Lender and China TranWiseway Technology Co., Ltd. acting as the
Borrower. 

B Amount and Period of the Loan: 

B.1 Loan currency under this Agreement is RMB, loan
amount is RMB 30,000,000 

B.2 The term of this Agreement begins at the first withdrawal
date and ends on 12 months after such date. 

B.3 The final maturity date of the loan is the date set forth
in Section B.2. 

C Interest Rate ("√" means applicable, "x" means not
applicable, following is the same.)

C.1 If the loan currency under this Agreement is RMB, then the
interest rate is executed based on the benchmark interest rate as of the date of
first withdrawal: þinterest rate goes up [10%]
xinterest rate floats down[ %].
The interest rate of this Agreement is floating in accordance with Section 2.4
during the loan period. 

C.2 If the loan currency under this Agreement is foreign
currency, the interest rate among____ months is decided based on the HIBOR
(applicable to Hong Kong dollars) or LIBOR (applicable to other foreign
currency), and the added basic point is not less than ( BP ), the
specific details refers to the record in the loan certificate approved by Bank of Beijing. The interest rate
in the loan periods is floating accordingly with Section 2.4 under this
Agreement. 

D Withdrawal Plan, Loan Usage, Account Supervision

D.1 The Borrower may withdraw the principal within 90
days from the Agreement date 

The specific withdrawal schedule as follows: withdrawal of RMB
26,000,000 before November 30th, 2010, withdrawal of RMB 4,000,000
before December 5th, 2010. 

D.2 The usage of the loan by the Borrower under this Contract:

o(a) Banks will be entrusted to take the lender to pay the loan funds.

o(b) The loan shall be repaid individually by the Borrower in principal, the
Borrower should report the loan payments to Bank of Beijing regularly (The
repayment period is _______). 
If there exists the below conditions, the
banks will be entrusted to take the lender to pay the loan funds: (i)signal
amount (currency) exceeds _____(capital letter); (ii)Targeted payment and signal
amount (currency) exceeds _____(capital letter);
(iii)_______________________________. 
þ(c) The Borrower has full discretion
on the disbursement of the loan, and should report to Bank of Beijing about the
disbursement of loan regularly (during the first ten business days of each
month). 

	D.3	The loan shall be transferred to the account of the Borrower with Bank
      of Beijing (The account can be changed with mutual consent of the parties,
      the new bank account should be specified on the loan certificates.) The
      Borrower should use such bank account to make payments to a third party
      and accept the inspection and supervision from Bank of Beijing. 
	 	 
	D.4 	The Account No.010 9144 8700 1201 0503 5587 is opened by the
      Borrower in ZhongguancunHaidianyuan Branch of Bank of Beijing
      (Opening bank name) with China TranWiseway Technology Co., Ltd.
      as the account holder name. This is a capital deposit account (
      changeable with the consent of Bank of Beijing). The Borrower should
      provide capital deposit and account transactions information to Bank of
      Beijing regularly (during the first ten business days of each
      month) and promise to cooperate with the supervision of Bank of
      Beijing. 
	 	 
	D.5 	Bank of Beijing shall inspect, monitor and manage the above account
      according to þ this Agreement;
    xAccount monitoring agreement signed by the
      two Parties and this Agreement. 

E Use of Loan 

To pay for the goods 

F Principal Repayment Plan 

Repay all the principals before the maturity date, amortization
of principal as per the below agreements during the loan period: 

xRepaid at
maturity date 
xEqual monthly principal repayments, repayment of principal one
time on the date of 21st every month 

2 

xEqual quarterly principal repayments, repayment of principal one time on
  the date 21st of the last month of each quarter 

þInstallment
  repayments of principals as per the following schedule:
Must repay at
  least RMB10, 000,000 in each of the 10th and
  11th month after the withdrawal; repay the
  remaining balance on the maturity date
G Interest Repayment Plan 

Pay all interest at the final maturity date, amortization of
interest as per the following agreements during the loan period 

xMonthly interest payment on an exact date ( on the
21st date every month) 
þQuarterly interest payment on an exact
date ( on the 21st date of the last month of each quarter)

xInterest payment on the next day of the corresponding day of the past every
month, corresponding day means the same day as of every month (referring to the
last day if there exists no corresponding day as the past at the current month)

xInterest payment on the next day of the corresponding day of the last month
of every quarter, corresponding day means the same day as the last month of each
quarter (referring to the last day if there exists no corresponding day as that
of last month of every quarter at the current month) 

o(Only applicable to
loan foreign currency) As per the agreements of C.2 under this Contract,
interest shall be paid terminally based on the agreed interest period month that
has chosen, interest payment date is the next day from the withdrawal date to
the end of corresponding date each period(referring to the last day of the
current month if there exists no corresponding day) 

	K 	The Key Commitment of Financial Indicators
      of the Borrower: 
	(a) 	The ratio of tangible net assets(capital stock
      paid-up plus capital fund) to gross liabilities exceeds
      [                  
      ] 
	(b) 	Minimum net assets not less than RMB( capital
      letter)
      [                  
      ]
	(c) 	Annual total pre-tax profit not less than
      RMB(capital letter)
      [                  
      ]
	(d) 	The ratio of current assets to current
      liabilities (ie current ration) not less than
      [                  
      ]
	(e) 	The ratio of profit before tax to interest
      income( interest coverage ratio) not less than
      [                  
      ]

	M 	Security ( subject to security documents)

	þ	Guarantor’s name China TransInfo Technology
      Group Co., Ltd., Beijing PKU Chinafront High Technology Co., Ltd.,
      Shudong Xia 
	o	Pledge, pledgor’s name 
	o	Mortgage guarantee, mortgagor’s name 
	o	Others, can be found in the special convention
      column under this Agreement or related security documents. 
	  	  
	N 	Expenses: 
	N.1 	Penalty of prepayment of principal = prepayment
      amount x [ % ] (annual penalty rate) x number of years of years in advance
  

3 

	N.2 	The Borrower should pay loan arrangement fees
      RMB _________ (capital letter) to Bank of Beijing within ___________ days
      after the Agreement date (not late than the first withdrawal date). 
	  	  
	U 	Appendix (loan, loan
      certificate and the following appendixes are the component parts of this
      Contract) 
	  	  
	W 	Notarization for Compulsory Enforcement
    
		  
	þ	Endowing notarization agreement with compulsory
      enforcement and complete notarization within ___________ days of the
      Agreement date 
	  	There is no need to have a mandatory
      notarization for this Agreement. 
	X 	Special Agreement: 
	  	  
	  	  
	Y 	The Borrower hereby Acknowledges:
  

The Bank of Beijing has reminded the Borrower to pay attention
to terms about related rights and obligations and fully explained this
Agreement, the amendments and supplements( if any) approved by the two parties
have been set forth in Section X of Special Agreement; the Borrower fully
understands and agrees with all the content of this Agreement without questions
or objections after fully reviewing and negotiating with Bank of Beijing. 

	Z 	Signatures of the Parties: 

The Borrower (company seal): 

Legal representative or authorized representative: /s/ Shudong
Xia 

Bank of Beijing (company seal): 

Main principal or authorized representative: /s/ Qing Zhao 

Date: November 29, 2010 

4 

Loan Agreement Basic Items 

1. Definitions 

1.1 In this AGREEMENT, the following terms shall have the
respective definitions set forth in this Section 1.1. 

This CONTRACT: includes the entire below documents: Terms of
Loan Agreement, Loan Agreement Basic Items, loan certificate signed by both
parties, other contract appendix listed in Section U and other documents legally
regulate both parties’ rights and obligation (include but not limited
supplementary agreement, letter of undertaking). 

Benchmark Loan Rate: refers to the RMB benchmark loan rate
announced by the People’s Bank of China of the same period (if this benchmark
loan rate of the same period has been canceled, refers to the interest rate
complying with laws announced by Bank of Beijing); benchmark loan rate of the
same period refers to the benchmark interest rate corresponding to the loan term
stipulated in Section B. 

LIBOR (HIBOR): refers to The London (Hong Kong) Interbank
Offered Rate released by Reuters or Bloomberg and other financial
telecommunication terminals at 11:00am London (Hong Kong) time on the same day,
if no rate data above available on that day, refers to the rate released on
latest day. 

Security Document: refers to any guaranty contract, security
terms, conditions letter created in security and signed or agreed by guarantor.

Trustee Payment: means Bank of Beijing shall transfer the loan
principal to the Borrower counterparties meeting the purpose of this AGREEMENT
through the Borrower’s account according to the withdrawal application and
payment order of the Borrower’s. 

Discretionary Payment: means the Borrower shall discretionarily
pay the loan to Borrower counterparties meeting the purpose of this AGREEMENT
after Bank of Beijing granting the loan to the Borrower’s account according to
the withdrawal application and payment order of the Borrower’s. 

Laws and Regulations: means applicable laws, administrative
regulations and the judicial interpretation of the Supreme People’s Court in the
territory of the People’s Republic of China except Hong Kong, Macao and Taiwan.

Finance Regulations: means the regulations, rules and orders
released and implemented by the People’ Bank of China, foreign exchange
authority and banking supervision authority. 

Business Day: refers to any days commercial banks opening
general corporate banking business in cities which Bank of Beijing located,
excluding legal festivals and holidays, weekends (Saturday and Sunday), but
including the weekend provisionally designated as working days by the
government. 

5 

1.2 In any documents under this AGREEMENT or created based on
this AGREEMENT, terms that have been defined in this AGREEMENT have the same
definition in those documents if no other clear explanations in those documents.

2. Loan 

2.1 The loan currency, amount and period in this AGREEMENT
refer to Section B. The amount of each loan refers to the record in loan
certificate; loan certificate is part of this AGREEMENT. 

2.2 The Borrower can drawdown during the period agreed in
Section D in this AGREEMENT. The change of drawdown plan needs approval from
Bank of Beijing, the un-drawdown amount within the loan after expiration time
will be canceled automatically. The Borrower has to meet below requirements
(except for the conditions Bank of Beijing decides to waive) when apply for
drawdown, otherwise, Bank of Beijing has no obligation to issue loan. 

1) Security document in Section M of this AGREEMENT has been
agreed, signed and registered; 

2) The Borrower has set up the account and completed other
related procedure reasonably required by Bank of Beijing, has submitted
explanatory documents and evidence on capital expenditure purpose and capital
expenditure plan, which reviewed by Bank of Beijing. If the AGREEMENT is under
the credit line described in Section A, this AGREEMENT must retain enough
facility to draw for the Borrower; 

3) No violation of the AGREEMENT from the Borrower, no
violation of the security document from the guarantor; 

4) No significant negative impact on each Party when executing
this AGREEMENT from laws and regulations, financial regulation and governmental
credit policy, no forbiddance or limitation on loan issue and drawdown of this
AGREEMENT from laws and regulations, financial regulation and governmental
credit policy; 

5) Other conditions agreed in this AGREEMENT and designated by
laws and financial regulations. 

2.3 Bank of Beijing should grant the loan within 3 business
days once the Borrower meets the requirements. Once the loan has been
transferred to the Borrower’s account, which will be regarded as the drawdown
and usage of the Borrower, that day will be recorded as the drawdown day and be
the record day to calculate loan interest rate based on the AGREEMENT. When this
drawdown executed from time to time, each withdrawal will be started to
calculate loan interest on the execution day based on the benchmark loan rate on
that day and the floating interest rate designated by Section C of this
AGREEMENT. 

The loan shall be used with the adoption of trustee payment of
Bank of Beijing, (i) The Borrower should submit complete business contract and
related transaction materials at least three days in advance (or other time
limits reasonably requested by Bank of Beijing), then Bank of Beijing shall
verify whether all the submitted materials comply with the AGREEMENT before issuing
the loan. Bank of Beijing shall record and transfer the loan to Borrower
counterparties through the Borrower’s account after Bank of Beijing’s agreement
(there is no need to provide voucher of clearing for another transaction for the
Borrower). (ii) The Borrower is responsible to loan delay or trustee payment
delay causing by submitting incomplete , not qualified or not timely documents
or existing reasonable disputed points. (iii) When there happens some accounts
not the fault of Bank of Beijing, such as the Borrower account status is not
normal, incomplete and inadequate transaction counterpart account information
provided by the Borrower or inter-bank payment systems or settlement systems,
resulting in failure payment or transaction to the transaction counterpart
account when the loan is transferred to the Borrower’s account, then the
Borrower should bear all the loss like handling charge settlement, loan
interest, other loss and delay. However Bank of Beijing should try and work hard
to handle paid procedures of Borrower transaction counterpart account or remain
in the Borrower account or pending subjects and inform the Borrower to handle
procedures. 

6 

The loan shall be used in a discretionary payment way by the
Borrower. The Borrower should provide loan usage plan according to the
requirement of Bank of Beijing, and report loan payment status regularly to Bank
of Beijing as per Section D under this AGREEMENT after loan origination. Bank of
Beijing has the rights to examine if the loan payments comply with the AGREEMENT
through ways like analyzing account, identifying funds transfer certificate and
field investigation while the Borrower should cooperate with it. 

Bank of Beijing has the right to monitor related account and
the usage of account funds through ways like rejecting checks sale, not dealing
with deposit and withdrawal, not opening online banking or phone bank. 

Bank of Beijing has the right to require to change the usage
pattern of the loan when facing Borrower credit decline, poor profit ability of
the main business, unusual usage of loan, the Borrower should accept and
cooperate with Bank of Beijing meanwhile. 

2.4 The loan of this AGREEMENT is floating interest rate loan;
the floating interest settlement shall be the following: (i) For RMB loan, the
interest of this AGREEMENT is applied on the benchmark loan rate at the same
time and the floating interest rate described in Clause C.1 of this AGREEMENT,
with the adjustment of the benchmark loan rate at the same period, the interest
will be calculated on multi-stage basis. (ii) For foreign currency loan, the
interest of this AGREEMENT is applied on the corresponding currency LIBOR
(HIBOR) interest rate on last second day of foreign currency market opening
business before the interest execution day plus floating benchmark rate (1% in
100 basic points) regulated in Section C in this AGREEMENT; above automatic
adjustment should not be regarded as revise to this AGREEMENT. When contract
interest rate converts to daily rate from annual rate, the Hong Kong currency
rate shall apply on 365 days for one year, other foreign currency rate and RMB
rate shall apply on 360 days for one year. 

2.5 The Borrower should guarantee the loan usage is accordance
with the loan usage descried in Section E, and guarantee the above usage will
not violate any laws and regulations and finance regulation, the Borrower warrants the loan will not be applied to fixed assets,
stock equity and other investments, not be applied to any projects and business
which are prohibited from using commercial bank loans by laws, regulations and
financial regulations. The Borrower needs to get written approval from Bank of
Beijing in the event of change of loan usage. The Borrower warrants that the
transaction documents, transaction counterpart status information provided to
Bank of Beijing are true, complete, legally effective and are in accordance with
the usage stipulated in this AGREEMENT. 

7 

2.6 The Borrower should repay the loan principal as agreed on
Section F in this AGREEMENT, and repay the loan interest as agreed on Section G
in this AGREEMENT; each of the interest payment date (including) to the next
interest payment date (excluding) constitute a interest period (the first
interest period starts from the withdrawal day, the last interest period ends at
the day loan principal dues); the related interest should be repaid when each
installment of loan principals repaid, the entire loan principals, related
interests and other payables should be repaid on the last due date. In case of
legal holidays, the Borrower should deposit enough amounts at the account in
advance for Bank of Beijing to deduct it on that day or the first working day
extended accordingly, the interest will continue to be calculated during
extension period. 

2.7 To repay the loan on time, the Borrower should open and
maintain an account in Bank of Beijing as described in the beginning of this
AGREEMENT ( if account number suffers changes, the changed account number should
continue to apply this AGREEMENT), and deposit the related repayment amount at
the account for Bank of Beijing deduction, the Borrower can also make transfer
to Bank of Beijing account for repayment and notice related transfer reference
number to Bank of Beijing in time. Bank of Beijing has the right to deduct the
unpaid due amount from all accounts opened at business institutions of Bank of
Beijing, and inform the Borrower in bank statement and other types of notice
after deduction. 

2.8 Bank statement generated internally in Bank of Beijing
should be the valid evidence for loan issue and principal and interests
repayment if no other ample opposite evidence. 

3. Prepayment and
extension 

3.1 The loan cannot be prepaid within withdrawal period. Both
parties should negotiate to consent if the Borrower requires for prepayment
after withdrawal period; the Borrower must submit irrevocable written
application to Bank of Beijing 30 days in advance, to explain the loan principal
amount of prepayment and left loan principal payment plan; after Bank of
Beijing’s review and agreement, the Borrower should execute prepayment on
prepayment date and pay prepayment compensation regulated in Section N of this
AGREEMENT to Bank of Beijing (the prepayment annual number should be the result
the actual days number from prepayment date to agreed loan due date divided by
365, keep two digitals after point), and repay the entire interests related to
the prepayment principal and repay other related payables, the left principal
should be repaid subject to the new plan agreed by Bank of Beijing (the latest
repayment day should not be late than latest due day), if no new repayment plans
submitted by the Borrower or agreed by both parties, reverse order repayment
(prepayment amount shall be firstly used for repaying latest due amount) shall
be executed; the contract interest rate shall not be impacted by the prepayment
and the new repayment period agreed on the new repayment plan. 

8 

3.2 If the Borrower requires for extension, the Borrower must
submit written extension application to Bank of Beijing at least 30 days prior
to the maturity date, to explain repayment plan after extension, upon Bank of
Beijing’s approval and the Borrower’s satisfaction to related requirements of
Bank of Beijing, both parties sign extension agreement and go through extension
procedure based on the agreement. If disagree from Bank of Beijing regarding
extension or no extension agreement signed by both parties, the Borrower should
repay the loan based on the AGREEMENT. 

3.3 Bank of Beijing has the right to request the Borrower to
repay the loan in advance according to the recoup fund conditions (including but
not limited to funds the Borrower planned to repay returned in advance,
available liquidity of the Borrower’s are so sufficient that it can meet the
normal fund requirement after being repaid in advance). When receiving the early
prepayment notice from Bank of Beijing, the Borrower should repay the loan
quickly as per the requirements of loan principal and interest appointed by Bank
of Beijing. 

4. Representations and
Warranties 

4.1 Each Party warrants and represents to the other Party: 

(1) It has the qualification and ability to enter into and
perform this AGREEMENT, the signature represents the party has acquired the full
authorization and can represent the party to sign this AGREEMENT. 

(2) The execution and performance of this AGREEMENT does not
violate any regulations including organizational documents, laws, financial
regulations and other legal documents should be complied with; the Party has
obtained any necessary internal and external authorization, licensing and
registration procedures, and this AGREEMENT has the legally binding and law
enforcement power to the Party. 

4.2 The Borrower covenants and agrees to perform the duties
before the completion of this AGREEMENT: 

(1) The Borrower is and will be legally and validly existing
and operating continuously, will promptly process annual inspection and other
legal procedures. The Borrower will provide faithful and complete financial and
operating conditions and other contract related material information to the Bank
of Beijing before execution of this AGREEMENT and each withdrawal application.

(2) Has adequate and legal repayment sources matches with the
repayment plan, has adequate debt paying capability. 

(3) Legally compliant operation and management, comply with
requirements of environmental protection laws and regulations, tax payment
requirements and other regulations; timely, legally and efficiently acquire the
necessary approval and certified documents. 

(4) Provide complete, true and effective materials to Bank of
Beijing timely, cooperate with Bank of Beijing and let Bank of Beijing proceed
loan payment management, post-lending management and related inspection, accept and positively cooperate with the Bank of
Beijing, let Bank of Beijing inspect and supervise the Borrower’s financial and
operational conditions as well as loan usage under this AGREEMENT. It includes
but not limits to: 

9 

(i) As per the requirements of Bank of Beijing, the Borrower
should reasonably illustrate the capital flows of each loan and provide related
payment documents and payment basis, to certify it is compliant with this
AGREEMENT agreements. 

(ii) Provide audited complete financial statements(including
remarks), audit report to Bank of Beijing before the end of April, also provide
balance sheet, income statement, cash flow statement, and attested copies of the
financial statements at the first month of each quarter (should provide audited
complete statements and audit report if the Borrower has audited half-year or
quarterly financial statements) of the end of last quarter. 

(5) Adhere to the principles of honesty and trustworthiness,
all the application documents, financial statements and other documents and
information provided to Bank of Beijing should be true, complete, legal, and
effective. There is no fraud, material omissions and materially misleading. 

(6) If the Borrower plans to consolidate, divide, reduce its
registered capital, apply for rectification of business, being taken over,
dissolution, bankruptcy or other events impacting the existence of the principal
part or persist operation, or proceed stock transfer, invest abroad, substantial
increase in debt financing, the Borrower should notice in writing to Bank of
Beijing at least 30 days in advance and acquire the written consent of Bank of
Beijing. If the third party of the executive/judicial institutions command the
Borrower to close the business, be taken over, dissolved or bankrupted, suspend,
or cancel the business license of the main business or principal business, then
the Borrower should notice in writing to Bank of Beijing quickly( not later than
3 working days), and take measures to remedy. 

(7) the Borrower shall provide written notice to Bank of
Beijing as soon as possible but in no event later than five business days after
the Borrower changes its business registration, its top ten shareholders,
directors, chief financial officer or mailing address. 

(8) the Borrower shall inform and obtain prior written consent
from Bank of Beijing when it provides security interest to third party (or debt
undertaking and other arrangements with security function), or enter into
partnership or subcontracting with third party, or waive its materials
creditor’s rights, or acquisition and restructuring, or assign of its major
business or other enter into similar transactions with possibility of
undermining its debt repayment ability or other material and adverse events
affecting the debt paying ability. 

(9) the Borrower shall timely provide written notice to Bank of
Beijing for its related transactions with total amount reaching or exceeding ten
percent of its net assets which shall include the relationship of transaction
parties, transaction purpose and nature, transaction amount or relevant
proportion, pricing standards (including the transactions with notional amount or
without any price), and so on. The related parties and related transactions
shall be defined by the Chinese accounting standards applicable to the Borrower
or the international accounting standards. The Borrower shall not draw out its
registered capital or make fake transactions to fraudulently obtain bank loan or
facility, or to escape from debt by transferring its assets, or conducting
related transactions or other unjustifiable transactions to significant impair
its debt repayment ability. 

10 

(10) the Borrower shall always comply with its warranties under
Section K and properly maintain relevant financial criteria within stipulated
scope (as calculated by the Chinese accounting standards applicable to the
Borrower or the international accounting standards). 

(11) the Borrower shall not distribute bonds or dividend to its
shareholders where its net profit is zero or minus after taxation, or profit
after tax is insufficient to compensate its accumulated losses, or its profit
before tax is insufficient to repay the next installment of loan principal and
interest. 

(12) the Borrower shall provide Bank of Beijing with agreed
security under Section M before the first drawdown date as the latest time
(specifically refer to the security documents), and the Borrower undertakes to
maintain the pledge ratio and mortgage ratio within the stipulated range in the
security documents (if any). The Borrower is fully aware of, agree with and
accept the clauses and contents of the security documents and guaranties that
relevant security interests provided to the Bank of Beijing under relevant
security documents are legally valid and enforceable. 

5. Taxes and Expenses

The Borrower and the Bank of Beijing bear the stamp duty tax
individually and respectively under this AGREEMENT. The taxes levied by the
governmental bodies and administrative charges, notarization fees (if any) and
security fees (if any) shall be borne by the Borrower except for the taxes and
expenses statutorily borne by the Bank of Beijing. In addition, the Borrower
shall pay loan arrangement fee to the Bank of Beijing pursuant to Section N.2 of
this AGREEMENT. 

6. Defaults and Remedies

6.1 The occurrence of any one or more than one events below
constitutes the Borrower’s event of default. 

	(1) 	The Borrower fails to use the loan as stipulated or fails to pay the
      loan or to pay the principal, interest or other payables in full or in
      time as stipulated in this AGREEMENT. 
	 	 
	(2) 	The loan application or application withdrawal documents or other
      material representations or statements are fraud, untrue, materially
      misleading, or the Borrower fails to (or expressly states or indicates by
      its act that it will not) properly fulfill its undertakings, warranties,
      obligations and duties under this AGREEMENT. 
	 	 
	(3) 	Any guarantor fails to completely or properly fulfill its
      undertakings, guarantees, obligations or liabilities in the security
      documents, or the occurrence of other event of default under the security
      documents, or the mortgaged property/pledged property (if any) suffers
      damage or loss or title transfer or freezing/seizing/ enforcement, or
      either the security documents or the Bank of Beijing’s security interest
      therein becomes invalid or be revoked/dissolved without the prior consent from the Bank of
      Beijing.

11 

	(4) 	The Borrower’s any important financing, security, compensation or
      other debt liability could not be performed when due; or its major
      business or business permit is suspended or deregistered; or it goes into
      the procedure of business rectification or being taken over or dissolution
      or bankruptcy. 
	 	 
	(5) 	The Borrower’s financial or operation condition encounters significant
      negative change or generates unsound credit record, or is subject to any
      administrative penalties or disputes affecting its ability of repaying
      debts or performing this AGREEMENT, or there occurs other events seriously
      affecting the Bank of Beijing ‘s creditor’s rights or security interest.
    

6.2 When failing to make full repayment to any due principal
and/or interest and/or other payables, the Borrower shall pay the penalty
interest on the outstanding amount calculated by 50% in addition to the
contracted interest rate (the "Default Interest Rate") on daily basis. 

Where the Borrower’s usage of loan is in breach of this
AGREEMENT or the laws and financial regulations, it shall make full repayment of
the used principal and accrued interest immediately and also pay the penalty
interest on the misused portion of loan calculated by 100% adding to the
contracted interest rate (the "Misusage Default Interest Rate") on daily basis
during the misusage period. Where the loan is both overdue and in misusage, the
Misusage Default Interest Rate shall be applied. Such default interest shall not
prejudice other rights and remedies enjoyed by the Bank of Beijing. 

6.3 When the event of default occurs, the Bank of Beijing has
the right to exercise its remedial rights according to this AGREEMENT and/or any
laws, regulations and financial regulations, including but not limited to claim
for Borrower’s rectification, amendment of loan usage, ceasing of providing
drawdown, penalty interest, charging default interest, exercising security
rights, acceleration of loan partially or fully, urging repayment by public
announcement, loss compensation and for compensation on the costs and expenses
accrued from exercising its creditor’s right and security right (including but
not limited to litigation/arbitration fees, estimation/verification/auction
fees, attorney fee, evidence collection fee, travel cost and other reasonable
expenses generated). 

6.4 When the currency of money paid/compensated by the Borrower
or third party is different from the currency of money owed by the Borrower, the
Bank of Beijing could apply relevant exchange rate to make relevant conversion
to offset the debts. The exchange loss and cost shall be borne by the Borrower,
and the Borrower is obliged to cooperate with the Bank to conduct such
conversion. 

6.5 The Bank of Beijing shall use the money resumed to offset
the debts in the order as follows: 

(1) the costs and expenses occurred from exercising creditor’s
right or security right and other expenses to the account of the Borrower; (2)
compensation and default penalty; (3) default interest; (4) loan interest; (5)
loan principal; (6) other payables of the Borrowers. However, the Bank of
Beijing is entitled to change the aforementioned order, and when the Borrower owes several
overdue debts to the bank, the Bank of Beijing could determine the sequence of
repayments to such debts. 

12 

6.6 If a party encountered Force Majeure event and
provided the other Party with certificate of the Force Majeure event
issued by competent authority within five business days upon occurrence of such
event, it could be exempted from the default liability. For the avoidance of
doubt, although the Borrower’s default liability could be exempt due to the
Force Majeure , it is still obliged to pay the principal and interest and
the cost and expenses of the Lender’s exercising creditor right and security
right. 

7. Applicable Law and Dispute
Resolution 

7.1 This AGREEMENT is governed by PRC laws and regulations. All
disputes under this AGREEMENT or in relation shall be firstly settled by
friendly consultation; and, if not workable, then the dispute shall be submitted
to the People’s Court with the jurisdiction in the area where the Bank of
Beijing is domiciled. 

7.2 The matters of applicable law and dispute resolution
concerning the security interest shall be subject to written agreement in the
security documents. If no provisions in the security documents addressing such
matters, the PRC laws and regulations shall be applicable and dispute thereunder
shall be submitted to the People’s Court where the Bank of Beijing is domiciled.

8. Miscellaneous 

8.1 This AGREEMENT is the specific business contract under the
related contract (if any) as described in Clause A. Any issue not stipulated in
this AGREEMENT is subject to relevant agreement in the related contract. If
there are any discrepancies, this AGREEMENT shall prevail. Where there is any
discrepancy between other clauses of this AGREEMENT and Clause X, Clause X shall
prevail. The appendixes listed in Clause U are parts of this AGREEMENT. Where
there is any discrepancy between the main part of this AGREEMENT and the
appendixes, the latter shall prevail. 

8.2 Any document or notice sent by a Party to the other Party
is subject to the following rules: (1) if delivery by itself or any its agent,
the date of signature on receipt by the receiving party shall be the delivery
date; (2) if mail or registered mail is adopted, the delivery date shall be the
third day upon sending day; (3) if other post method is adopted, the seventh day
shall be the delivery day following the sending day. If the delivery date
determined by aforesaid rules is distinct from the actual receipt or signature
day, the earlier day shall be the delivery day. To avoid misunderstanding, the
parties confirm that upon the request of the Bank of Beijing, the Borrower shall
cause its own person to make delivery to the authorized person of the Bank of
Beijing. If any party changed its contact information, it shall timely notify
the other Party. Otherwise, the previous contact method shall be deemed as
effective by the other party. 

8.3 The Bank of Beijing may pass the information relating to
this AGREEMENT to the credit reference system or database maintained by relevant
governmental authority. 

8.4 Unless otherwise stipulated in this AGREEMENT, any Party
shall bear confidentiality obligation to the other Party with regard to the commercial secrets obtained
during the negotiation and performance of this AGREEMENT and other nonpublic
information informed confidentially by the other Party before such information
becomes public. One Party shall not disclose such information to the public or
any third party without written consent from the other Party. But one Party’s
disclosure as required by laws and regulations or order from authority or stock
exchange rules or to its auditor, financial/legal adviser, or other agency for
the purpose of this AGREEMENT (the party shall require such persons receiving
information to undertake confidentiality obligation) shall not be regarded as
breach of this AGREEMENT. 

13 

8.5 The effectiveness of this AGREEMENT is independent from the
security documents, related contracts (if any) and any
agreement/contract/covenants. That any clause or content of this AGREEMENT
becomes revocable or invalid shall not affect the effectiveness of the other
clauses or contents of this AGREEMENT. 

8.6 This AGREEMENT is entered into between the Borrower and the
Bank of Beijing on the contract date and in the place of the domicile of the
Bank of Beijing and becomes effective upon the signatures by the parties’ legal
representatives or responsible persons or authorized signatories as well as
affixation of their company seals. The AGREEMENT is in three originals (more
originals will be executed for the notarization or security registration purpose
if in need). The Bank of Beijing holds two originals and the Borrower holds
another one. Each original shall be equally effective. If there is any security
provider, the Borrower shall be responsible to supply it a copy of this
AGREEMENT, but the failure of Borrower to do so shall not impact the Bank of
Beijing’s creditor right and security interest. 

(Intentionally left blank below) 

14

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