Loan Agreement
Exhibit
10.2
Loan
Agreement
Party
A
(hereinafter referred to as the “Lender”): Tianshi International Investment
Group Co., Ltd.
Party
B
(hereinafter referred to as the “Borrower”): Tianjin Tiens Life Resources Co.,
Ltd.
The
Lender and the Borrower have reached and signed a loan agreement which should
be
observed by both parties.
In
order
to support the business development of the Borrower, the Lender agrees to give
a
loan to the Borrower on the following terms:
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1.
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The
amount of the loan: Six Million Five Hundred Thousand Dollars
($6,500,000);
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|
2.
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The
term of the loan agreement: from January 21, 2008 to June 30,
2008;
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3.
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The
type of the loan: short-term loan;
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4.
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The
loan shall be without interest;
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5.
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The
Borrower guarantees to repay the principal of the loan by June 30,
2008,
and the terms of the loan agreement shall not be breached.
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6.
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With
approval from the Lender the Borrower can pay off the loan before
June 30,
2007.
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The
Borrower:
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Tianshi
International Investment Group Co., Ltd.
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Tianjin
Tiens Life Resources Co., Xxx.Xx., Ltd
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By
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/s/
Xxxxxxx Xx
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By
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/s/
Xxxxx Xx
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Title:
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President
|
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Title:
Legal Representative
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January
21, 2008
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