Loan Agreement between Zhang Jinghe and Liaoning Joway Technology Engineering Co., Ltd.

Contract Categories: Business Finance › Loan Agreements
Summary

This agreement is between Zhang Jinghe, the majority shareholder, and Liaoning Joway Technology Engineering Co., Ltd. Zhang Jinghe agrees to lend money to the company for its operating needs. The company does not have to pay interest or provide any collateral for the loan. The agreement remains valid for as long as the company is in business.

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EX-10.7 23 v198379_ex10-7.htm
Loan Agreement
  
Party A: Zhang Jinghe
  
Party B: Liaoning Joway Technology Engineering Co., Ltd.
  
Mr. Zhang Jinghe (Party A) is majority shareholder of Liaoning Joway Technology Engineering 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/ Liaoning Joway Technology Engineering Co., Ltd.
Date: May 10, 2007