EXHIBIT 10.23
SHORT-TERM LOAN AGREEMENT
Party A: Shanghai LiKang Disinfectant Hi-Tech Company, Limited.
Party B: Shanghai LiKang Biological Hi-Tech Company, Limited.
For Party B's working capital, Party A and Party B have agreed on following
terms.
1. Party A agree to lend Party B RMB 5,000,000.00, monthly interest 0.558%;
2. The term of the loan is nine month;
3. Party B agree to return the loan within nine month;
4. If over nine month, 0.03% interest per day will be charged as penalty;
5. This agreement is effective as soon as both party sign and put on stamp;
6. Each party hold one copy of this agreement.
Party A
Shanghai LiKang Disinfectant Hi-Tech Company, Limited.
Stamp
/s/ Xxx Xxxx Bian
-----------------
Xxx Xxxx Bian
Party B
Shanghai LiKang Biological Hi-Tech Company., Limited
Stamp
/s/ Xxx Xxxx
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Xxx Xxxx
Date: January 02, 2007
