Loan Agreement
Party A:
Zhang Jinghe
Party B:
Tianjin Joway Textile Co., Ltd.
Xx. Xxxxx
Jinghe (Party A) is majority shareholder and also President of Tianjin Joway
Textile Co., Ltd. (Party B). Through friendly negotiation between the two
parties, Party A shall agree to lend money to Party B as operating capital
during the production operational process. Meanwhile, Party B needn’t pay the
interests accrued as well as providing any assets served as guaranty or
pledge.
This
Agreement is valid during the business period of Party B.
Party A:
/s/ Jinghe Zhang
Date: May
10, 2007
Party B:
/stamp/ Tianjin Joway Textile Co., Ltd.
Date: May
10, 2007
