Exhibit 10.5
Term Loan Agreement
Party A (hereinafter referred to as the "Lender"): Tianjin Tianshi Biological
Development Co.,Ltd.
Party B (hereinafter referred to as the "Borrower"): Tianjin Tianshi Biological
Engineering Co.,Ltd.
The lender and the Borrower have reached and signed a loan agreement which
should be observed by both parties.
1. The Lender agrees to make a loan of XXX 00 million Y15,000,000.00) to
the Borrower.
2. The term of this loan agreement is from September 1, 2005 to December
31, 2005.
3. The loan is for short-term loan and non-interest bearing.
4. The Borrower guarantees to repay the loan by December 31, 2005, and
terms of the loan agreement shall not be breached.
5. Upon the approval by the lender the Borrower can pay off the loan
before December 31, 2005.
The Lender: The Borrower:
Tianjin Tianshi Biological Development Tianjin Tianshi Biological Engneering
Co.,Ltd Co.,Ltd
By /s/ Xxxxxxx Xx By /s/ Xxxxxx Xx
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Title: General Manager Title: General Manager
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September 1, 2005 September 1, 2005
