SENIOR LOAN AGREEMENTSenior Loan Agreement • July 7th, 2009 • Smartheat Inc. • Heating equipment, except electric & warm air furnaces • New York
SENIOR LOAN AGREEMENT (this “Agreement”) dated as of July 3, 2009 by and between SmartHeat Inc., a Nevada corporation with its principal executive offices located at A-1, 10, Street 7 Shenyang Economic and Technological Development Zone Shenyang, China 110027 and its wholly owned subsidiary Shenyang Taiyu Machinery & Electronic Equipment Co, Ltd., a company organized under the laws of the Peoples Republic of China (the “Subsidiary”) (collectively, the “Company”), and Strong Growth Capital, Ltd, a limited company organized under the laws of the British Virgin Islands with its principal executive offices located at Bldg, 24 De Castro Street, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands ("Lender").
