Exhibit 10.24

Confidential

LOAN AGREEMENT

By and among

HAIYAN GONG

YU ZHANG

And

BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD.

February 17, 2011

1

LOAN AGREEMENT

This LOAN AGREEMENT (this “Agreement”) is entered into on February 17, 2011 in [Beijing] by and among the following parties:

1.HAIYAN GONG, a citizen of China (Chinese ID No.: [*****************]*)

2.YU ZHANG, a citizen of China (Chinese ID No.: [*****************]*);

(Hereinafter individually referred to as a “Borrower”, and collectively as the “Borrowers”);

3.BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD., a wholly foreign owned enterprise established under the laws of the PRC, with the registered address at Room 408-409, Level 4, 39 Anding Road, Chaoyang District, Beijing (the “Lender”).

(For the purpose of this Agreement, the above parties are hereinafter individually referred to as a “Party” and collectively as the “Parties”.)

WHEREAS:

1.Beijing Shiji Xique Information Technology Co., Ltd. (“Century Xique”) is a limited liability company established under the laws of the PRC, with the registered address at Room 6552, Building No. 3, 3 Xijing Road, High Tech Park, Shijingshan District Badachu, Beijing, with registered capital of RMB1 million and Haiyan Gong and Yu Zhang as the existing shareholders on the share register of Century Xique;

2.There was an oral agreement by and among the shareholders of the Lender and the Borrowers on October 8, 2010 which provides: the shareholders of the Lender shall lend an amount equal to the RMB equivalent of the Loan (as defined below) to the Borrowers, and the entire amount shall be used by the Borrowers as contribution to the registered capital of Century Xique. Because the Lender was not incorporated at the time of the oral agreement, such Loan was not actually extended to the Borrowers but instead, the Borrowers paid the registered capital in advance out of their personal fund. In November 2010, the Borrowers made a lump sum payment of the registered capital of Century Xique in full totaling RMB1 million. At that time the Parties did not enter into any written agreement with regard to the aforesaid matters. To confirm the aforesaid matters and set forth the relevant rights and obligations of the Parties, the Parties hereby enter into this agreement and expressly agree as follows:

ARTICLE I DEFINITION

1.1In this Agreement,

*  This portion has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406 under the Securities Act of 1933, as amended.

2

“Debt” means the outstanding amount under the Loan;

“Effective Date” means the execution date of this Agreement by the Parties;

“Loan” means the USD loan provided to the Borrowers by the Lender;

“PRC” or “China” means the People’s Republic of China, for purpose of this Agreement, excluding Hong Kong, Macau and Taiwan;

“Repayment Notice” has the meaning ascribed thereto in Article 3.1 hereof;

“Repayment Request” has the meaning ascribed thereto in Article 3.2 hereof;

“Such Rights” has the meaning ascribed thereto in Article 8.5 hereof.

1.2           Relevant terms referred to in this Agreement have the following meanings:

“Article” shall be construed as the articles of this Agreement, unless otherwise provided in the context of this Agreement;

“Tax” shall be construed as any tax, fees, tariff or other charges of same nature (including but not limited to any penalty or interest in respect to the non-payment or delayed payment of such Tax);

“Borrowers” and “Lender” shall be construed to include the successor and assignees permitted by the Parties for their own benefits.

1.3Unless otherwise provided, references to this Agreement or any other agreements or documents in this Agreement shall include any amendments, changes, replacement or supplements to this Agreement or such other agreements or documents that have been made or may be made from time to time (as the case may be).

1.4           The headings in this Agreement are for convenient reference only.

1.5           Unless otherwise provided in the context, plural shall include single and vice versa.

ARTICLE II AMOUNT AND INTEREST OF THE LOAN

2.1The Parties hereby acknowledge that the principal of the Loan that the Lender will provide to the Borrowers shall be RMB [one million] (RMB1,000,000) in aggregate, of which:

the principal provided to Haiyan Gong shall be RMB seven hundred thousand (RMB700,000);

the principal provided to Yu Zhang shall be RMB three hundred thousand (RMB300,000).

2.2The interest rate of the Loan hereunder shall be zero, i.e., the Loan hereunder shall be interest-free.

3

ARTICLE III REPAYMENT OF THE LOAN

3.1The Lender may, at any time and at its absolute sole discretion, request either or both of the Borrowers to repay part or all of the Debt by delivering to the Borrowers a repayment notice (the “Repayment Notice”) thirty (30) days in advance.  In the event that the Lender requests either of the Borrowers to repay the Debt according to the preceding sentence, the Lender shall have the right to purchase or designate a third party to purchase from such Borrower their respective equity interests in Century Xique at a purchase price equivalent to the Debt that the Lender requests the Borrower to repay; provided that the ratio of such purchased equity interests in the total equity interests held by such Borrower in Century Xique shall be equivalent to the ratio of the Debt requested to be repaid in the Loan principal that such Borrower borrows hereunder.

3.2Either Borrower may, at any time, request to repay part or all of the Debt by delivering to the Lender a repayment request (the “Repayment Request”) thirty (30) days in advance.  In such case, the Lender shall have the right to purchase or designate a third party to purchase from such Borrower their respective equity interests in Century Xique at a purchase price equivalent to the Debt that the Borrower intends to repay; provided that the ratio of such purchased equity interests in the total equity interests held by such Borrower in Century Xique shall be equivalent to the ratio of the Debt contemplated to be repaid in the Loan principal that such Borrower borrows hereunder.

3.3Upon the expiration of such thirty (30)-day period of the Repayment Notice or the Repayment Request, the Borrower that is requested or requests for repayment shall pay off the Debt in cash or otherwise as determined by the board of the Lender through resolutions in accordance with the Lender’s articles of association and applicable laws and regulations.

3.4When the Borrowers repay the Debt according to this Article II, the Parties shall complete the equity interests transfer simultaneously according to the above Article 3.1 or Article 3.2, to ensure that concurrently with the repayment of the Debt, the Lender or the third party designated by the Lender has legally and fully acquired the relevant equity interests in Century Xique in accordance with Article 3.1 or Article 3.2, free of any pledges or other encumbrances.

ARTICLE IV TAX

All Tax in relation to the Loan shall be borne by the Lender.

ARTICLE V CONFIDENTIALITY

5.1Whether this Agreement is terminated or not, the Borrowers shall be obliged to keep confidential the following information (collectively the “Confidential Information”): (i) the execution, performance of this Agreement and the content hereof; and (ii) trade secret, proprietary information and client information of the Lender that are known to or received by the Borrowers as a result of execution and performance of this Agreement.  The Borrowers shall use such Confidential Information only for the purpose of performing its obligations hereunder.  Without written permit from the Lender, any of the

4

Borrowers shall not disclose the above Confidential Information to any third party, otherwise he/she shall assume default liabilities and indemnify any losses incurred by the Lender.

5.2Upon the termination of this Agreement, upon the Lender’s request, each of the Borrowers shall return, destroy or otherwise dispose of all of the documents, materials or software containing the Confidential Information, and cease using such Confidential Information.

5.3Notwithstanding any other provisions hereunder, this Article V shall survive the suspension or termination of this Agreement.

ARTICLE VI NOTICE

6.1All notices, requests, demands and other correspondences required by or in accordance with this Agreement shall be delivered to the relevant Party in writing.

6.2The above notices or other correspondences shall be deemed to be properly delivered upon sending when delivered through fax or telegraph, upon delivered in person when personally delivered, or at the fifth (5th) day of mailing if sent by mail.

ARTICLE VII DEFAULT LIABILITY

7.1Each of the Borrowers covenants that if any lawsuits, claims, allegations, costs, damages, requests, expenses, liabilities, losses and proceedings are suffered by or caused to the Lender due to the breach of any obligations hereunder by the Borrower, the Borrower shall indemnify and hold harmless of the Lender.

7.2Notwithstanding any other provisions hereunder, this Article shall survive the suspension or termination of this Agreement.

ARTICLE VIII MISCELLANEOUS

8.1This Agreement shall be signed in Chinese with three (3) originals. Each original shall have equal legal force.  Each Party shall retain one (1) original of this Agreement in each language.

8.2The conclusion, validity, performance, amendment, interpretation and termination of this Agreement shall be governed by the laws of the People’s Republic of China.

8.3Any dispute arising out of or relating to this Agreement shall be settled by the disputing Parties through consultation. In case the disputing Parties fail to reach an agreement within thirty (30) days of the dispute, such dispute shall be submitted to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in Beijing in accordance with the arbitration rules of CIETAC then in effect.  The arbitration award shall be final and binding upon the disputing Parties.

5

8.4Any right, power and remedy granted to a Party under any provision of this Agreement shall not preclude any other right, power or remedy such Party is entitled to under any laws or regulations or any other provision of this Agreement.  The exercise of its right, power and remedy by a Party shall not preclude the exercise of any other right, power and remedy that such Party is entitled to.

8.5Any Party’s failure or delay in exercising any of its right, power and remedy (“Such Rights”) under this Agreement or laws shall not result in a waiver of Such Rights, nor shall any single or partial waiver of any Such Right preclude any exercise of Such Right in other manner or the exercise of any other Such Rights by such Party.

8.6The headings in this Agreement shall be for reference purpose only and shall not be used for or affect the construction of the Agreement in any event.

8.7Each provision of this Agreement shall be severable and independent of each of the other provision.  In the event that one or several provisions of this Agreement become invalid, illegal or unenforceable at any time, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected.

8.8Any amendment or supplement to this Agreement shall be made in writing, and shall take effect after duly executed by the Parties.

8.9Without prior written consent of the Lender, any of the Borrowers shall not transfer any of its rights and/or obligations hereunder to any third party.  The Lender shall be entitled to transfer any of its rights and/or obligations hereunder to any third party designated by it after notifying the other Parties.

8.10This Agreement shall be binding upon the legal successor of each Party.

[Remainder of this page is intentionally left blank]

6

[Signature Page]

IN WITNESS WHEREOF, this Loan Agreement has been duly executed by the Parties as of the date and at the place first above written.

HAIYAN GONG
Signature:	/s/ Haiyan Gong
YU ZHANG
Signature:	/s/ Yu Zhang
BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD.
(Company Seal) [seal: Beijing Miyuan Information Technology Co., Ltd.]
Signature:	/s/ Haiyan Gong
Name:
Title:

7