Document:

BTHC VIII, Inc.: Exhibit 10.2 - Prepared by TNT Filings Inc.

  

Exhibit 10.2 

Loan Agreement  

Ref: No.22101200800002290 

Borrower: the Company 

Lender: Agriculture Bank of China, Siping Branch 

The both parties entered into this Agreement through
negotiation in accordance with relevant laws and regulations. 

Article I: The Loan 

1.

Type of the Loan: short-term working capital loan.

2. 

Purpose of the Loan: purchase of raw material, steel and
etc. 

3. 

Currency and amount of Loan: Renminbi Nine Million Four
Hundred and Seventy Thousand (9,470,000) Yuan. 

4. 

Term of the Loan 

(1) 

Term of the Loan
shall commence from 27 September 2008 to 25 September 2009. 

(2) 

Where the amount of the Loan, withdrawal date, due date is
not in conformity with such in the Loan Receipt, Loan
Receipt shall prevail. Loan Receipt is an integral part of
the Agreement, enjoys the same legal effect as this Agreement. 

(3) 

If the Loan
hereunder is foreign currency, the Borrower shall repay the principal and pay
the interest in the form of original foreign currency. 

5. 

Interest Rate of
Loan 

The interest rate of the Loan shall be determined according
to the First method. 

(1) Floating Interest Rate 

The interest rate is 20% above the benchmark interest rate
published by the People’s Bank of China; and the annual interest rate is 8.64% .

The interest rate shall be adjusted on a six-month cycle.
Should the benchmark interest rate is adjusted by the People’s Bank of China, the
Lender shall determine the new interest rate according to the adjusted benchmark
interest rate and the abovementioned calculating method as of the corresponding
loan date in the first month of next cycle after the adjustment of benchmark
interest rate without informing the Borrower. If the date of benchmark interest
rate adjustment is the same date as the withdrawal date of the Loan or the
corresponding loan date in the first month of the cycle, the interest rate shall
be determined as of the date of benchmark interest rate adjustment. In case
there exists no the corresponding loan date, last date of the month shall be
deemed as the corresponding loan date. 

(2) Fixed Interest Rate 

6. 

The Interest
Settlement 

The interest under this Agreement shall be calculated on a
quarterly basis, the interest settlement date is the 20th day of last
month of each quarter. The Borrower should pay the interest on each interest
settlement date. If the last repayment date of the principal is not the same
date as the interest settlement date, the unpaid interest shall be paid off with
the principal (Daily interest rate=Monthly interest rate/30) 

Article II: Should the following premise conditions fail
to be met, the Lender shall be entitled not to provide the Loan under this
Agreement: 

	1. 	
      The Borrower opens basic deposit account with the
      Lender.

	 	 
	2. 	
      The Borrower shall furnish the relevant documents,
      materials, and complete relevant procedures according to the Lender’s
      requirement.

	 	 
	3. 	
      If the Loan under this Agreement is foreign currency, the
      Borrower should have conducted and completed the statutory procedure
      regarding the Loan, including but not limited to gaining approval and file
      registration from and with competent authority

	 	 
	4. 	
      If the repayment of the Loan under this Agreement is
      secured by mortgage or pledge, relevant registration or/and insurance and
      other legal procedures has been completed according to the request of the
      Lender, and the mortgage and pledge remain effective. If the repayment of
      the Loan under this Agreement is secured by guarantee, the guarantee agreement has been signed and
executed. 

 

Article III: The Lender’ Rights and Obligations 

	1. 	
      The Lender is entitled to know the Borrower’s production,
      operation, financial situation, material inventory and usage of Loan, and
      require the Borrower to furnish financial statement, documents and
      information.

	 	 
	2. 	
      In case where the circumstances which could adversely
      affect the repayment of the Loan, including but not limited to those
      stated in Article IV Subsection 7, 8 and 10, occur to the Borrower,
      the Lender shall have the right to cease issuing the Loan or retract the
      Loan in advance

	 	 
	3. 	
      The Lender shall have the right to deduct the principal,
      interest, default interest, compound interest and other payable expense
      which should be bored by the Borrower in accordance with the Agreement or
      in advance from the Borrower’s any account directly.

	 	 
	4. 	
      If the amount returned by the Borrower is not sufficient
      to cover all the due payable sum, the Lender could choose to use this
      amount to repay the principal, or pay the interest, default interest,
      compound interest and other expense at its own discretion.

	 	 
	5. 	
      In the case where the Borrower fails to fulfill its
      payment obligation, the Lender could publicly disclose the Borrower’s
      breach of this Agreement via media.

	 	 
	6. 	
      The Lender shall issue the Loan to the Borrower timely in
      accordance with this Agreement.

Article IV: The Borrower’s Rights and Obligation 

	1. 	
      The Borrower has the right to obtain and use the Loan in
      accordance with the Agreement.

	 	 
	2. 	
      The Borrower shall make settlement and deposit relating
      to the Loan under this Agreement stipulated in Article II.

	 	 
	3. 	
      If the Loan under this Agreement is foreign currency, the
      Borrower should have conducted and completed the statutory procedure
      regarding the Loan, including but not limited to gaining approval and file registration
      from and with competent authority

 

	4. 	
      The Borrower shall repay the principal and interest
      timely. Should the Borrower needs to extend the Loan term, it shall submit
      an application in written to the Lender 15 days prior to the expiry date
      of the Loan. An extension agreement shall be signed with the Lender after
      the Lender’s consent.

	 	 
	5. 	
      The Borrower shall use the Loan according to its purpose
      hereunder, shall not occupy or misappropriate the Loan.

	 	 
	6. 	
      The Borrower shall provide the Lender authentic, complete
      and valid financial statements and other relevant materials and
      information, and actively cooperate with the Lender‘s investigation and
      supervision on its production, operation and financial
situation.

	 	 
	7. 	
      In case where the Borrower conducts any activities of
      contracting for management, lease out, reform as a company limited by
      shares, joint operation, combination, merger, division, joint venture,
      transfer of assets, application for rectification of business, application
      for dissolution, application for bankruptcy, and any other activities
      which shall affect the realization of the Lender’s rights hereunder, the
      Borrower shall inform the Lender in advance and obtain the Lender’s
      written consent; otherwise Party A is not allowed to conduct such
      activities before paying off the indebtedness hereunder.

	 	 
	8. 	
      If the Borrower is occurred any events other than those
      described in subsection 7 substantially adverse affect its performance of
      repayment obligation hereunder, including but not limited to shutdown,
      shutout, revocation of business license, deregistration, the involvement
      of illegal activity of the legal representative or person in charge, the
      involvement of substantial lawsuit or arbitration, substantial trouble of
      production and operation and deterioration of its financial situation, the
      Borrower shall inform the Lender immediately in written and provide
      security measures acknowledged by the Lender.

	 	 
	9. 	
      If the Borrower provides guarantee for other person’s
      indebtedness or creates mortgage or pledge over its major assets, which
      would affect its capability to pay the indebtedness under this Agreement, the Borrower shall
      notify the Lender in written and obtain the Lender’s consent.

 

	10. 	
      The Borrower and its investor may not withdraw capital,
      transfer asset or shares to avoid the payment of indebtedness of the
      Lender.

	 	 
	11. 	
      The Borrower shall inform the Lender in written of
      alteration of its registration issues regarding registered name, legal
      representative, and liaison address and business scope.

	 	 
	12. 	
      Should there occurs any events of shutdown, shutout,
      revocation of business license, deregistration, insolvency and deficit,
      loss the guarantee capability in part or whole to the guarantor of the
      Loan under this Agreement, or loss of the value of the mortgage or the
      pledge, the Borrower shall provide other securities acknowledged by the
      Lender.

	 	 
	13. 	
      The Borrower shall bear the expense and fees in relation
      to this Agreement and the securities under this Agreement, including but
      not limited to, the attorney’s fees, the expense relating to insurance,
      transportation, verification, registration, assessment, notarization and
      verification.

Article V: Repayment in Advance 

The Lender’s consent shall be obtained if the Borrower intends
to make repayment in advance. In the case where the Lender agrees repayment in
advance, the interest of the principal repaid early shall be calculated
according to the First method.. 

	1. 	
      The interest shall be calculated according to the Loan
      term and interest rate stipulated in this Agreement.

	 	 
	2. 	
      The interest shall be calculated % above the
      interest rated stipulated in this Agreement according to the actual loan
      term.

Article VI: Breach of Agreement 

	1. 	
      Where the Lender fails to issue the Loan to the Borrower
      timely and fully, and causes the Borrower loss, the Lender shall pay
      liquidated damages to the Borrower according to the default amount and
      days delayed. The liquidated damages calculating method shall be the same as of that
      calculating the delayed interest.

 

	2. 	
      Where the Borrower fails to timely repay the principal
      hereunder, the Lender is entitled to calculated and collect default
      interest against the due principal based on a rate 50% above the interest
      rate set above from the expiry date till the date on which the principal
      and interest are paid off. During the overdue period in the case where the
      People’s Bank of China increases the benchmark interest rate, the default
      interest rate shall be increased correspondingly.

	 	 
	3. 	
      Should the Borrower fails to use the Loan according to
      the purpose as stated in the Agreement, the Lender shall have rights to
      collect default interest against the misappropriated principal based on
      days of the misappropriation at a rate of 100% above the rate stipulated
      in this Agreement until the principal and interest are paid off. During
      this period in the case where the People’s Bank of China increases the
      benchmark interest rate, the default interest rate shall be increased
      correspondingly.

	 	 
	4. 	
      The Lender is entitled to collect compound interest
      against the outstanding interest according to the regulations of the
      People’s Bank of China.

	 	 
	5. 	
      In case where the Borrower violates its obligation under
      this Agreement, the Lender is entitled to request the Borrower to make
      correction by the deadline set by the Lender, cease issuing the Loan,
      retract the Loan issued in advance, and declare other loan under other
      loan agreements between the Lender and the Borrower due, or take other
      asset protection measures.

	 	 
	6. 	
      Should any guarantor under this Agreement fails to
      fulfill its obligation under the guarantee agreement, the Lender is
      entitled to cease issuing the Loan, retract the Loan issued, retract the
      issued Loan in advance, or take other asset protection measures.

	 	 
	7. 	
      The Borrower shall bear the attorney’s fee,
      transportation and other expense to realize payment of the indebtedness if
      the Borrower’s breach of agreement results in the Lender’s adoption of
      lawsuit or arbitration to obtain the payment of the
  indebtedness.

 

Article VII: Security of this Agreement 

The type of security for the Loan is maximum amount mortgage.
The mortgage agreement shall be signed separately and later. The Reference of
the mortgage agreement is 22906200700000124, 22906200700000125, and
22906200700000126. 

Article VIII: Solution of Disputes 

Any dispute arising from the performance of this Agreement
shall be solved through the Parties’ negotiation; in case no agreement is
reached, the dispute shall be submitted to the Lender’s local court for
litigation. 

During the lawsuit period, the articles hereunder without
dispute shall be implemented. 

Article IX: Other Issues 

       
None                            
 

Article X: Effectiveness 

This Agreement shall come into effect upon both Parties’
signature and seal 

Article XI: Miscellaneous 

This Agreement is prepared in duplicate with each party holding
one copy of which. 

Article XII Reminder 

The Lender has request the Borrower to notice and develop a
complete and accurate understanding to the terms and conditions hereunder, and
the Lender has made corresponding explanation to concerning terms and
conditions. Both parties have the same understanding to this Agreement. 

Execution: 

Party A: the Company (company seal) 

Legal Representative (or Authorized Representative): Zhao
Guohong 

Party B: Agriculture Bank of China (company seal) 

Legal Representative (or Authorized Representative): Yao
Dedong 

 

Date: 27 September 2008 

Place: Agriculture Bank of China, Siping BranchBTHC VIII, Inc.: Exhibit 10.3  - Prepared by TNT Filings Inc.

  

Exhibit 10.3  

Maximum Amount Mortgage Agreement 

Ref: No.22906200700000124 

Mortgagee (full name): Agriculture Bank of China, Siping
Branch 

Debtor (full name): the Company 

Mortgagor (full name): 

(1) the Company 

(2) Siping City Ju Yuan Heat Exchange Equipment Co., Ltd 

(3) Siping City Ju Yuan Han Yang Pressure Vessel Co., Ltd 

Due to a series of credit and debt contracts (hereinafter
referred to as the “Main Contract”) between Mortgagee and Debtor, in according
with terms and the maximum amount stimulated in Article I , Mortgagors are
willing to set up mortgage to secure the payment of the debt generating from
Main Contract between Mortgagee and Debtor. The Parties entered into this
Agreement through negotiation in accordance with laws and regulations: 

Article I Main Guaranteed Credit and Maximum Amount 

1. Mortgagors are willing to set up mortgage for payment of
actual debt with the maximum amount RMB 2,400,000 Yuan arisen from various
businesses conducted with Mortgagee by Debtor from 27th September
2007 to 26th September 2009. Foreign currency business is calculated
in sale-price on the day the business conducted. The expiry day for business
conducted in the aforesaid terms shall not exceed 26th, September
2010. The aforesaid business is Renminbi loans. 

2. Debtor can apply to circularly use the bank credit within
the agreed terms and the maximum amount under this Agreement. Commencing day,
expiry day, interest rate and amount of every business is subject to loan
certificate and related credit certificate of main contract. 

3. Within the agreed terms and the maximum amount under this
Agreement, it is not necessary for Mortgagee to enter into mortgage procedures
every time to grant the agreed loan and provide other banks’ credit. 

4. Mortgagor assume mortgage liability for original currency
debt if generated from the business carried out within the agreed terms and the
maximum amount under this Agreement, no matter whatever the currency is. 

Article II Scope of Mortgage 

The scope of mortgage contains: all debt principal, interest,
default interest, compound interest, liquidated damages, litigation fees,
attorney fees, disposal fee for mortgage and transfer fees and all expenses
arisen from Mortgagee’s implement the right of credit, generating from main
contract between Debtor and Mortgagee, Mortgagors are willing to assume
guarantee liability for the exceeded part of the maximum amount due to the
fluctuation of the exchange rate. 

Article III Mortgage 

1 Mortgagors agreed to create mortgage over the property
Machinery equipment (refer to the mortgage list with reference:
200709264-200709266, which is a part of this Agreement). 

2 The aforesaid mortgage’s provisional price is RMB 12,000,000
Yuan; the ultimate value is subject to net revenue from disposing of the
mortgaged property actually to Mortgagee’s implement the right of credit. 

Article IV Warranty of Mortgagor 

1. Mortgagors have adequate and incontrovertible ownership and
the right of disposition over the mortgaged property; 

2. The mortgaged property can be legally circulated and
transferred; 

3. The mortgaged property is under no circumstances of seal-up,
being detained or duplicate mortgaged; 

4. Mortgagors do not conceal tax, project arrears under the
mortgaged property and lease of the mortgaged property etc. 

5. Mortgagors have got consent from joint-owners of the
mortgaged property for mortgage matters under this Agreement; 

6. The mortgaged property is under no circumstances of
affecting Mortgagee to implement the right of mortgage; 

Article V Effectiveness of Mortgage 

The effect of mortgage covers up to accessory properties,
accessory right, subrogation right, adduct attached properties, intermixture,
processing materials and fructus civiles etc. of the mortgaged property. 

Article VI Preservation of the Mortgaged
Property 

	1. 	
      The mortgaged property shall be kept by Mortgagors who
      have the liability of properly managing the property. Mortgagee has the
      right to supervise and check the managing circumstances of the
      property;

	 	 
	2. 	
      Within the term of this Agreement, Mortgagors shall not
      donate, transfer, sale, lease, re-mortgage or dispose of the mortgaged
      properties by any other means without a written consent of Mortgagee.
      Price derived from the transference, lease sale of the mortgaged property
      by Mortgagors shall be paid off debt under main contract in advance or
      placed in escrow to the third Party agreed collectively by Mortgagors and
      Mortgagee if with a written consent of Mortgagee;

	 	 
	3. 	
      Within the term of this Agreement, where the properties
      is damaged, lost or expropriated, Mortgagors shall promptly take measures
      to prevent further loss, and inform Mortgagee in written notice
      simultaneously. Premium, damages and compensation obtained by Mortgagors
      from the aforesaid incidents shall be paid back debt under main contract
      preferentially;

	 	 
	4. 	
      During the mortgage period, where the valuation of the
      mortgaged property is reduced, Mortgagee has the right to require
      Mortgagors to recover the value of the mortgaged property or provide
      guarantee accepted by Mortgagee; If Mortgagors decline to recover or provide security, Mortgagee has the right
to declare the debt under main contract expired in advance, either require
Debtor to fulfill obligation or implement the right of mortgage in advance; 

Article VII Insurance of Mortgaged Property 

	1. 	
      At the request of Mortgagee, Mortgagors shall buy the
      property insurance for the mortgaged property and Mortgagee shall be the
      first beneficiary;

	 	 
	2. 	
      Mortgagors shall hand in original insurance documents of
      the mortgaged property to Mortgagee to preserve;

	 	 
	3. 	
      Within the term of this Agreement, Mortgagor shall not
      terminate or revoke the insurance. In that case, Mortgagee has the right
      to deal with insurance procedures on behalf of Mortgagor who will bear all
      fees, and deduct the aforesaid fees from Mortgagor’s any accounts
      directly;

	 	 
	4. 	
      Where the property insured is damaged, premium shall be
      paid back debt and related fees under main contract
  preferentially.

Article VIII Mortgage Registration 

Mortgagors shall apply mortgage registration with competent
registration authority within five days after the date of execution this
Agreement, and deliver the certificate of other rights of mortgaged property,
original copies of registration documents and other right certificates to
Mortgagee to preserve. 

Article IX Implementation of Mortgage 

	1. 	
      Mortgagee has the right to declare the debt under this
      Agreement expire in advance and implement mortgage pursuant to law if
      Debtor or Mortgagors breach obligations under main contract or this
      Agreement.

	 	 
		
      Mortgagee has the right to either convert the property
      into money or has priority to obtain payment with price arisen from
      auction or sale of the property if Mortgagee is not paid off by the expiry
      date of the debt under main contract; the remaining price is used for paid
      off undue guaranteed debt in advance or placed in escrow to the third Party agreed collectively by
      Mortgagors and Mortgagee. The aforesaid expiry contains the advance expiry
      declared by Mortgagee in accordance with laws, regulations or terms of the
      main contract.

	2. 	
      If there are two or more mortgagors, Mortgagee has the
      right to dispose of any or all Mortgagors’ mortgaged property when
      implementing mortgage.

Article X Responsibility of Breach of Agreement 

	1. 	
      Mortgagee and Mortgagors shall fulfill the agreed
      obligation under this Agreement. Any party shall assume responsibility of
      breaching this Agreement and indemnify losses caused by such breach if any
      party fail to fulfill his obligation;

	 	 	 
	2. 	
      Mortgagors shall compensate all expenses if causing
      losses to Mortgagee should any following activities occurs:

	 	 	 
		(1) 	
      hiding of the following facts concerning the mortgaged
      property: common right, the disputes, being sealed-up, being supervised,
      being detained, duplicate mortgaged or leased, tax or project
    arrears;

	 	 	 
		(2) 	
      disposing of the mortgaged property without consent of
      Mortgagee;

	 	 	 
		(3) 	
      other activities that affect Mortgagee to implement
      mortgage;

Article XI Cost Assume 

Mortgagors shall bear fees of registration, evaluation,
insurance, verification, notarization, and escrow for the mortgaged property
under this Agreement. 

Article XII Solution of Disputes 

Any disputes arising from the performance of this Agreement
shall be settled through negotiation and/or intermediation. Where disputes can
not be settled through negotiation and/or intermediation, the Parties may file
the case to the court where Mortgagee is registered. Other articles not related
to disputes will be fulfilled within the term of litigation. 

Article XIII Miscellaneous Items 

Mortgagors shall actively know circumstances for Debtor’s
operation and generation and performance of business under this Agreement. Main
contracts, loan certificate and related credit certificate under this Agreement
shall not be delivered to Mortgagors. 

Article XIV Effectiveness of Agreement 

This Agreement will be effective upon the signature or stamp
affixed by all parties. If mortgage registration is required according to law,
this Agreement shall take effect from the date of registration. 

Article XV This Agreement is prepared in triplet with
each Party and the registration office holding one copy of which. The copies
have the same legal effectiveness. 

Article XVI Reminder 

Mortgagee has noticed Mortgagors to fully and accurately
understand all articles under this Agreement and explained related articles upon
the request of Debtor and Mortgagors. All parties have the same understanding to
the meaning of this Agreement. 

Execution: Mortgagee (company seal) 

Legal Representative (or Authorized Representative): Yao
Dedong 

Debtor and Mortgagor (company seal) 

Legal Representative (or Authorized Representative):
Zhao Guohong 

Mortgagor (company seal) 

Legal Representative (or Authorized Representative):
Zhao Guohong 

Mortgagor (company seal) 

Legal Representative (or Authorized Representative):
Yang Ping 

Date: 27 September 2007

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