Loan Agreement Amendment
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Business Finance
- Loan Agreements
EX-10.2 3 v122860_ex10-2.htm Unassociated Document
Exhibit 10.2
Loan Agreement Amendment
Party A (hereinafter referred to as the “Lender”): Tianshi International Investment Group Co., Ltd.
Party B (hereinafter referred to as the “Borrower”): Tianjin Tiens Life Resources Co., Ltd.
The Lender and the Borrower have previously entered into a Loan Agreement dated January 21, 2008 and wish to extend the due date of the loan from June 30, 2008 to December 31, 2008.
The Lender agrees to give a loan to the Borrower on the following terms:
| 1. | The amount of the loan: Six Million Five Hundred Thousand Dollars ($6,500,000); |
| 2. | The term of the loan agreement: from January 21, 2008 to December 31, 2008; |
| 3. | The type of the loan: short-term loan; |
| 4. | The loan shall be without interest; |
| 5. | The Borrower guarantees to repay the principal of the loan by December 31, 2008, and the terms of the loan agreement shall not be breached. |
| 6. | With approval from the Lender the Borrower can pay off the loan before December 31, 2008. |
| The Lender: | The Borrower: | |||
| Tianshi International Investment Group Co., Ltd. | Tianjin Tiens Life Resources Co., Ltd.Co., Ltd | |||
| By | Jinyujan Li | By | /s/ Yiqun Wu |
| Title: President | Title: Legal Representative | |||
| June 30, 2008 | June 30, 2008 | |||
