BRIDGE LOAN AGREEMENT
THIS BRIDGE LOAN AGREEMENT (Agreement), dated as of July 1, 2010, by and between
Covenant Group of China, a Nevada corporation ("Borrower"), and JD Holdings 1, Inc., a Nevada corporation
("JDC") (collectively, the “Parties”).
W I T N E S S E T H :
WHEREAS, Borrower requires JDC to make a loan to Borrower in the principal amount of up
to $1,000,000 to finance its operating expenses and honor its capital commitments; and
WHEREAS, JDC is willing to make such loan to Borrower on the terms and subject to the
conditions hereinafter set forth.
NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants hereinafter
set forth and intending to be legally bound hereby, agree as follows:
1.01. Certain Definitions . In addition to other words and terms defined elsewhere in this
Agreement, as used herein the following words and terms shall have the following meanings, respectively:
"Agreement" shall mean this Bridge Loan Agreement as the same may be amended, modified or
supplemented from time to time.
"Closing" shall mean the execution and delivery of the Loan Documents by Borrower and JDC.
"Closing Date" shall mean the date of the Closing.
"Event of Default" shall mean any of the events of default described in Section 6.01.
"Loan" shall mean the $1,000,000 loan to be made by JDC to Borrower pursuant to this
"Loan Documents" shall mean, collectively, this Agreement, the Promissory Note, and any and all
other documents delivered by or on behalf of Borrower in connection with the Loan, as the same may be
amended, modified or supplemented from time to time.
"Note" or “Promissory Note” shall mean Borrower's $1,000,000 promissory note to JDC dated
the date hereof and attached hereto as Exhibit A to this Agreement, as said Note may be extended, renewed,
refinanced, refunded, amended, modified or supplemented from time to time, and an