Exhibit 10.10
Loan Agreement

Party A (creditor):
Dingyou Zhang

 
Party B (debtor):
Linyin Hengchang Brewer’s Malt Co., Ltd. (“Company”)

Party A and B have reached an agreement through friendly consultation to
conclude the following contract:

Article I:
Loan Amount

 
RMB Eleven million four hundred and sixty eight thousands only (￥11,468,000).

Article 2:
Purpose

The loan under the Agreement shall be used to set up the canning line of the
Company.

Article 3:
Interest Rate and Repayment

Party A agrees to lend money to Party B with no interest.

Article 4:
Term

The term of the loan under the Agreement shall start from June 1, 2010 and is
due upon Party A’s request. Party B is responsible to make the repayment. But
the financial situation of the Company shall be taken into consideration when
Party A requests for repayment.

Article 6:
Rights and Obligations

1.
Party A shall provide the agreed loan amount to Party B by installments by June
30, 2010.

2.
Party A has the right to monitor Party B on using the loan according to the
purpose as agreed in Article 2 of the Agreement.

Article 7:
Breach of Agreement

1.
If Party A fails to provide agreed amount on time, Party A shall be responsible
for the liquidated damages, the amount of which shall be 0.05% of un-provided
amount under the Agreement.

2.
If Party B fails to comply with the purpose as agreed in Article 2 of the
Agreement, Party A shall be entitled to collect the repayment ahead of schedule.

Article 8:
Dispute Resolution

Any dispute occurred due to or related to this Agreement shall be resolved
through consultation by both parties. If consultation fails, each party is
allowed to file a law suit with local court where the Agreement is signed.
 
 
 

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Article 9:
The Agreement is prepared in duplicate, one for Party A and another for Party B.

 
Party A :      
/s/ Dingyou Zhang
        
Party B: (Sealed)
Linyin Hengchang Brewer’s Malt Co., Ltd.
           
Dingyou Zhang
   
Linyin Hengchang Brewer’s Malt Co., Ltd.
         
Date: June 1,2010
 
Date: June 1,2010

 
 

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