Capital Transfer Agreement
Exhibit
10.34
Party A:
Weifang
Yuhe Poultry Co. Ltd., Weifang Taihong Feed Co. Ltd.
Party B:
Shandong
Yuhe Food Group Co., Ltd.
Party A
borrowed RMB 10,000,000 from Li Yu. Due to Li Yu's failure to transfer the
loan amount to Party A timely, Party A could not utilize the loan amount
timely. In order to utilize the loan amount in a more efficient way, after
negotiation between Party A and Party B, Party B has agreed to borrow and take
over the RMB10,000,000 loan from Party A and Party B has the obligation to
repay Li Yu. Party B has agreed to use all its assets as security for the loan
should Party B fail to repay the loan amount on the scheduled date.
In this
respect, Party B has agreed to perform its obligation as set out in an agreement
entered by and among Li Yu, Party A, Party B and Xx. Xxx Zhentao. Party A will
not have any civil liability.
This
agreement becomes effective after stamping.
|
Party B:
|
Shandong
Yuhe Food Group Co. Ltd.
|
|
|
[Company
chop]
|
[Company
chop]
|
Weifang
Taihong Feed Co. Ltd.
[Company
chop]
Date:
November 28, 2007
