Exhibit 10.2
Short Term Loan Contract--
September 28, 2003
Contract number: 2003-022
Debtor (Party A): Yangling Bodisen Biology Science and Technology
Development Co. Ltd
Address: North Part of Xinqiao Road, Xxxx Xxxx Agricultural
High-Tech Industries Demonstration Zone
Postcode: 712100
Telephone Number: + 029 8707 4954
Principal: Xx. Xxxxx Xxxx
Date of Contract: September.28, 2003
Loan provided from: Sub branch of Xinong Road, Xianyang City Commercial
Bank
Address: Xinong Road, Yangling Agricultural High-Tech
Industries Demonstration Zone
Postcode: 712100
Telephone Number: + 029 8701 1750
Lender (Party B): Ms. Xxxxxxxx Xxxx
Date of Contract: September 28, 2003
Type of loan: Collateral loan
Use of loan: Operational Funding
Loan Amount: Five Million RMB
Loan Term: 12 months- from September 28, 2003 to
September 27, 2004.
Interest Rate: 6.84% per annum
Calculation of Interest Rate and Settlement of Loan: Interest rate is calculated
on the day the loan is withdrawn. Interest on the loan in the contract is
settled quarterly. The settlement day is fixed, and is on the 20th day of the
last month of each quarter.
The loan interest rate as stipulated and agreed by both parties (A&B) may be
subject to variation followed by the Central Bank changes to the base rate. In
the event of such action Party A will notify Party B of any adjustments made to
the loan interest rate.
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Yangling Bodisen Biology Science
and Technology Development Co. Ltd
By: /s/ Xxxxx Xxxx
--------------
Xxxxx Xxxx
Sub branch of Xinong Road,
Xianyang City Commercial Bank
By: /s/ Mengling Tian
-----------------
Mengling Xxxx
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