Loan Agreement
Party
A:
Shaanxi Tianren Organic Food Co., Ltd.
Party
B:
Shaanxi Hede Venture Capital Management Co., Ltd.
After
mutually and consistently consulted with each other, agreed that Party A lend
Party B capital. Therefore, sign this agreement to enable both parties to
compliant with it mutually.
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1.
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Usage:
acquisition of Huludao Wonder Fruit Co.,
Ltd.
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2.
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Loan
Amount: RMB twenty million
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3.
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Time
of Loan: one year.
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4.
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Loan
Interest rate: after negotiation between both parties, decide not
to
calculate Rate for reasons stated as: (1) Huludao Wanjia will be
acquired
by Shaanxi Tianren and the loan amount will be deducted from the
purchase
price; (2) the lease amount is low.
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5.
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Default
Liability: in the event Party B fails to return to Party A the loan
when
it is due, both parties agree that Party B should pay to Party A
the
default fine, which is equal to 2% of loan amount per
day.
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Party
A (Sealed): Shaanxi Tianren Organic
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Party
B: Shaanxi Hede Venture Capital
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Food
Co., Ltd.
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Management
Co., Ltd.
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|
Xue
Hongke
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Xxxxx
Xxxx
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Date:
August 1, 2007
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Date:
August 1, 2007
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