LOAN AGREEMENT
Party A (hereinafter referred to as Party A): Shaanxi Zhongke Spaceflight
Agriculture Development Stock Co., Ltd.
Party B (hereinafter referred to as Party B): Wang Xxxxx Xx
Through friendly negotiation, Party A and Party B have agreed as follows:
In view of the fact that Party A are a developmental stage company and
with insufficient cash inflows for the time being, in order to guarantee the
operation and sustainable development of Party A, accordingly, as the
shareholder and owner of Party A, Party B are willing to unconditionally make a
loan of RMB 5*700*000.00 to Party A this time. In addition, there is no
interest and loan term on this loan, and Party A will pay off the loan only
when Party B requires the repayment. Meanwhile, for the purpose of guaranteeing
the sustainable operation of Party A, Party B will continue to make a loan to
Party A in the later period.
This agreement is in duplicate. Both Parties shall hold each one of the
original copies. And this agreement shall come into force upon the signature of
the authorized representative of each party.
Party A(seal): Party B(seal):
December 1, 2007 December 1, 2007
