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EX-10.1 - LOAN APPLICATION - BTHC XV, Inc.bthcxv8kex101112210.htm
EX-10.3 - LOAN APPLICATION - BTHC XV, Inc.bthcxv8kex103112210.htm
EX-10.2 - CONTRACT OF LOAN - BTHC XV, Inc.bthcxv8kex102112210.htm
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
     
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported):
 October 21, 2010
 
BTHC XV, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
 
0-52808
 
20-5456294
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
c/o Underground Grand Canyon
Linyi City, Yishui County, Shandong Province, China 276400
(Address of Principal Executive Offices)(Zip Code)
 
 
Registrant’s telephone number, including area code:
+86 539-2553919
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 

 
 
Item 1.01
Entry into a Material Definitive Agreement.
 
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
 
On October 21, 2010, Shandong Longkong Travel Management Co., Ltd. (“Longkong”), a company organized under the laws of China and an indirect wholly-owned subsidiary of BTHC XV, Inc. (the “Company”), entered into a loan agreement with Bank of China, Yishui Branch.  The principal amount of the loan is approximately $2.2 million.  The loan carries an interest rate of 6.12% per annum, is due on October 20, 2011, and is guaranteed by Yishui Yinhe Travel Development Co., Ltd., a company controlled by Zhang Shanjiu, the Company’s Chairman, President and Chief Executive Officer (“Yishui Yinhe”), Zhang Shanjiu, individually, Junan Tianma Island Travel Development Co., Ltd., a company controlled by Zhang Shanjiu (“Junan Tianma”), and Yishui Underground Fluorescent Lake Travel Development Co., Ltd., a company controlled by the immediate family of Zhang Shanjiu (“Fluorescent Lake”).
 
On October 22, 2010, Longkong entered into a loan agreement with Industrial and Commercial Bank of China, Yishui Branch.  The principal amount of the loan is approximately $746,000.  The loan carries an interest rate of 6.672% per annum, is due on October 14, 2011, and is guaranteed by Zhang Shanjiu and a third party guarantor.
 
On October 27, 2010, Longkong entered into a loan agreement with Bank of China, Yishui Branch.  The principal amount of the loan is approximately $299,000.  The loan carries an interest rate of 6.12% per annum, is due on October 26, 2011, and is guaranteed by Yishui Yinhe, Zhang Shanjiu, individually, Junan Tianma and Fluorescent Lake.
 
The description of the loan agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the loan agreements, which are filed as Exhibit 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K.  The submission of this Current Report on Form 8-K is not an admission of the materiality to the Registrant of any agreement described, or information set forth, herein.
 
Item 9.01
Financial Statements and Exhibits.
 
(d)           Exhibits.
 
Exhibit No.
 
Description
10.1
 
Renminbi Loan Application (short term) (Applicable to the Middle & Small Scale Enterprise Renminbi Loan), dated October 21, 2010, between Shandong Longkong Travel Management Co., Ltd. and Bank of China, Yishui Branch.
10.2
 
Contract of Loan of Small Scale Enterprise, dated October 22, 2010, between Shandong Longkong Travel Management Co., Ltd. and Industrial and Commercial Bank of China, Yishui Branch.
10.3
 
Renminbi Loan Application (short term) (Applicable to the Middle & Small Scale Enterprise Renminbi Loan), dated October 27, 2010, between Shandong Longkong Travel Management Co., Ltd. and Bank of China, Yishui Branch.
     
 

 
 
 

 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
BTHC XV, INC.
 
       
Dated:           November 22, 2010
By:
/s/ Zhang Shanjiu                                                               
    Name: Zhang Shanjiu   
    Title: Chairman, President and Chief Executive Officer 
       
 
 
 
 

 
 

 
 
Exhibit Index
 
Exhibit No.
 
Description
10.1
 
Renminbi Loan Application (short term) (Applicable to the Middle & Small Scale Enterprise Renminbi Loan), dated October 21, 2010, between Shandong Longkong Travel Management Co., Ltd. and Bank of China, Yishui Branch.
10.2
 
Contract of Loan of Small Scale Enterprise, dated October 22, 2010, between Shandong Longkong Travel Management Co., Ltd. and Industrial and Commercial Bank of China, Yishui Branch.
10.3
 
Renminbi Loan Application (short term) (Applicable to the Middle & Small Scale Enterprise Renminbi Loan), dated October 27, 2010, between Shandong Longkong Travel Management Co., Ltd. and Bank of China, Yishui Branch.