Loan Agreement
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Loan Agreements
EX-10.2 3 v114150_ex10-2.htm
Exhibit 10.2
Loan Agreement
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 reached and signed a loan agreement which should be observed by both parties.
In order to support the business development of the Borrower, 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 June 30, 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 June 30, 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 June 30, 2007. |
| The Lender: | The Borrower: | |||
| Tianshi International Investment Group Co., Ltd. | Tianjin Tiens Life Resources Co., Ltd.Co., Ltd | |||
| By | /s/ Jinyuan Li | By | /s/ Yiqun Wu | |
| Title: | President | | Title: Legal Representative | |
| January 21, 2008 | January 21, 2008 | |||
