Loan Agreement between Shaanxi Tianren Organic Food Co., Ltd. and Shaanxi Hede Venture Capital Management Co., Ltd.
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Summary
Shaanxi Tianren Organic Food Co., Ltd. agrees to lend RMB 7 million to Shaanxi Hede Venture Capital Management Co., Ltd. The loan term is from June 6, 2007, to June 5, 2008. Shaanxi Hede Venture Capital must repay the full amount within three business days after the loan matures. Any disputes not resolved by negotiation will be handled by the local court where the agreement was signed. The agreement is effective upon signing by both parties.
EX-10.8 36 v105429_ex10-8.htm
Loan Agreement
Signing Place: Xi’an City
Party A: Shaanxi Tianren Organic Food Co., Ltd.
Party B: Shaanxi Hede Venture Capital Management Co., Ltd.
Accordance with the principle of honesty, mutual trust, making compensation for equal value, after consistently consulted with each other, the parties hereto agree and are compliant with that:
| 1. | After friendly consultation with each other, Party A agrees to lend Party B RMB Seven million. |
| 2. | Term of Loan: from June 6, 2007 to June 5, 2008. |
| 3. | Party B guarantees to pay off the whole loan within three business days after the loan is due. |
| 4. | Others not stated herein should be resolved through consultation between both parties. If negotiation is unable to resolve, litigate to the jurisdiction of the People’s Court, which is located in the place where the agreement is signed. |
| 5. | This agreement is promptly effective since both parties sign and seal on it. This agreement is one form, two copies, with each party holds one. |
| Party A (sealed): Shaanxi Tianren Organic | Party B (Sealed): Shaanxi Hede Venture Capital | |
| Food Co., Ltd. | Management Co., Ltd. | |
| Trustee of Party A (Signature): Xue Hongke | Trustee of Party B (Signature): Zhang Jing | |
| | ||
| June 5, 2007 | June 5, 2007 |
