Loan Agreement
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EX-10.9 37 v105429_ex10-9.htm
Loan Agreement
Party A: Shaanxi Tianren Organic Food Co., Ltd.
Party B: Shaanxi Hede Venture Capital Management Co., Ltd.
After mutually and consistently consulted with each other, agreed that Party A lend Party B capital. Therefore, sign this agreement to enable both parties to compliant with it mutually.
| 1. | Usage: acquisition of Huludao Wonder Fruit Co., Ltd. |
| 2. | Loan Amount: RMB twenty million |
| 3. | Time of Loan: one year. |
| 4. | Loan Interest rate: after negotiation between both parties, decide not to calculate Rate for reasons stated as: (1) Huludao Wanjia will be acquired by Shaanxi Tianren and the loan amount will be deducted from the purchase price; (2) the lease amount is low. |
| 5. | Default Liability: in the event Party B fails to return to Party A the loan when it is due, both parties agree that Party B should pay to Party A the default fine, which is equal to 2% of loan amount per day. |
| Party A (Sealed): Shaanxi Tianren Organic | Party B: Shaanxi Hede Venture Capital | |
| Food Co., Ltd. | Management Co., Ltd. |
| Xue Hongke | Zhang Jing | |
| Date: August 1, 2007 | Date: August 1, 2007 |
