Term Loan Agreement between Tianjin Tianshi Biological Development Co., Ltd. and Tianjin Tianshi Biological Engineering Co., Ltd. dated September 1, 2005

Summary

Tianjin Tianshi Biological Development Co., Ltd. (the Lender) agrees to provide a short-term, non-interest bearing loan of RMB 15 million to Tianjin Tianshi Biological Engineering Co., Ltd. (the Borrower). The loan term runs from September 1, 2005, to December 31, 2005. The Borrower must repay the full amount by December 31, 2005, but may repay earlier with the Lender's approval. Both parties have signed and agreed to these terms.

EX-10.5 6 tiens10qex105093005.txt TERM LOAN AGREEMENT DATED SEPTEMBER 1, 2005 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 RMB 15 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/ Jinyuan Li By /s/ Baolan Li ---------------------------------- ------------------------------------ Title: General Manager Title: General Manager ------------------------------ -------------------------------- September 1, 2005 September 1, 2005