Document:

Unassociated Document

    Exhibit
10.17

    

    Renminbi
Loan Agreement (Short-Term)

    (Loan
Number: BC (Liaoning) 2009-0138)

    

    
      	
              BORROWER:

            	
              Dalian
      Chuming Meat Co. Ltd.

            
	
              Business
      Permit No.:

            	
              2812123719

            
	
              Legal
      Representative:

            	
              SHI
      Huashan

            
	
              Principal
      Business Address:

            	
              2026
      Zhuanshi St., Wafangdian, Dalian

            

    

    

    Bank and
Bank Account #:

    

    
      	 
      	
              Bank
      of China (Liaoning Province Branch)

            
	 
      	
              26586008093001

            
	
              Telephone:

            	
              86716585

            
	
              Fax
      number:

            	
              86716686

            

    

     

    
      	
              LENDER:

            	
              Bank
      of China Holdings Co. Ltd (Liaoning Province Branch)

            
	
              Legal
      Representative:

            	
              WANG
      Jianhong

            
	
              Address:

            	
              9
      Zhongshan Square, Dalian

            
	
              Telephone:

            	
              82586901

            
	
              Fax
      number:

            	
              82586779

            

    

    

    The
BORROWER and the LENDER, after negotiation and discussion on an equal basis,
have reached consensus with regard to the LENDER providing a short-term loan in
Renminbi to BORROWER and thus have entered into this agreement as
evidence.

    

    This
agreement  is an individual agreement under the master contract
“Credit Amount Agreement” with the execution number of 2008 BC (Liaoning) 020
between Dalian Chuming Group Co. Ltd and Bank of China (Liaoning Province
Branch).

     

    Article
I Loan Amount

     

    Loan
Amount: RMB 14.6 million even;

    RMB
14,600,000.00.

     

    Article
II Term of the Loan

     

    Term of
Loan: 12 months, starting from the date of the actual loan withdrawal, or,
if the loan is to be withdrawn in installments, from the date of first actual
withdrawal.

    

    The
BORROWER must make withdrawal according to the stipulated schedule; if the
actual withdrawal is later than the stipulated date of withdrawal, the BORROWER
still make repayment of the loan in accordance with the schedule stipulated
herein.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Article
III Purpose of the Loan

     

    Purpose
of the loan: liquid capital.

    

    The
BORROWER shall not alter the purpose of the loan without written consent from
the LENDER, including but not limited to investing the loan amount in stocks or
other securities, using the loan on projects that are forbidden by any law,
statutes, regulatory rules or state policies or on projects that have not been
approved according to the law, and on any other projects and purposes for which
bank loans are not permitted.

     

    Article
IV Loan Interest and Interest Rate Calculation

     

    1, Loan
Interest

    

    The loan
interest is number __1__type of the following:

    

    (1)           Fixed
rate, at the annual interest rate of 5.841%.  This interest rate shall
not change during the term of the loan.

    

    [(2)           Floating
rate...]

    

    2,
Interest rate calculation

    

    The
interest accrues starting on the date of actual loan withdrawal and is
calculated based on the loan amount actually withdrawn and the number of days
the loan is used.

     

    Interest calculation
formula:

     

    Interest
= loan principal x actual number of days x daily interest rate.

     

    The base
number for calculating daily rate is 360 days of a year, with the conversion
formula being: Daily rate = annual interest rate/360.

    

    3,
Settlement of Interest

    

    BORROWER
shall settle interest according the number __1__ of the following:

     

    (1)           Quarterly
settlement, with the 20th day of
the last month of each quarter as the interest settlement date, and the 21st day as
the interest payment date.

    

    [(2)           Monthly
settlement...]

     

    If the
date of the last installment of the repayment of the loan principal is not on
the interest payment date, then the date of the last installment of the
repayment of the loan principal is the interest payment date, and the BORROWER
must pay in full all interest due.

    

    4,
Penalty Interest

    

    (1)           If
the BORROWER fails to make repayment according to the stipulated schedule, a
past-due loan penalty interest shall be charged on the past due portion,
starting from the past due date until the full repayment of the principal and
interest.

     

    The
past-due loan penalty interest rate is additional 50% over the base loan
interest stipulated in Section 1 herein.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    (2)           If
the BORROWER uses the loan for purposes other than the one stipulated herein,
then a loan misappropriation penalty interest shall be charged on the
misappropriated portion, starting from the day of misappropriation until the
full repayment of the principal and interest.

     

    The loan
misappropriation penalty interest is additional 100% over the base loan interest
stipulated in Section 1 herein.

    

    (3)           If
the loan is both past due and misappropriated, then the loan misappropriation
penalty interest shall be charged.

    

    (4)           If
the BORROWER is not able to make interest payment on schedule, then a compound
interest based on the interest settlement method stipulated in Section 3 herein
shall be charged, and when the loan becomes past due, the said compound interest
shall be changed to the compound interest based on the penalty interest rate
stipulated in this section.

    

    (5)           If
the penalty interest and the compound interest falls upon the adjustment date as
stipulated herein, then the penalty interest and compound interest shall be
calculated in separate sections.

    

    Article
V Condition on Loan Withdrawal

    

    The
BORROWER must satisfy the following conditions before making a loan
withdraw:

     

    1, This
loan agreement and all the attachment hereto have become effective;

    

    2,
BORROWER has provided guarantee according to LENDER’s request, and the guarantee
agreement has become effective and satisfied all legally required approval,
registration or filing procedures.

    

    3, The
BORROWER has reserved and established all the documents and forms about the
BORROWER, seals, personnel lists, signature samples relevant to the performance
of this agreement and has filled out related certificates;

    

    4, The
BORROWER established accounts required for the performance of this agreement
according to the LENDER’s specifications;

    

    5, The
BORROWER has, 7 bank business days prior to the withdrawal of the loan,
submitted written loan withdrawal application and all related documents
evidencing the purpose of the loan to the LENDER to processed related loan
withdrawal procedures;

    

    6, The
BORROWER has submitted to the LENDER the resolution and authorization from its
board of directors or other authorized departments regarding the approval of the
execution and fulfillment of this agreement;

    

    7, The
BORROWER has satisfied all loan withdrawal conditions required by law or
stipulated in between the two parties.

    

    If the
above conditions are not satisfied, the LENDER shall have the right to refuse
the BORROWER’s loan withdrawal application, except the amount already approved
by LENDER to be released.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Article
VI Time and Method of Loan Withdrawal

     

    1, The
BORROWER must withdraw the loan amount according to the number__2___type of the
time and method schedule below:

    

    (1) One
time withdrawal on MM/DD/YY

    

    (2) Withdraw
the entire amount within 20 days from November 19, 2009

    

    [(3) According
to the following table:]

    

    2, The
LENDER has the right to refuse the withdrawal request for any amount that has
not been withdrawn after the time period specified above.

    

    If the
LENDER agrees to release the remaining amount, then the LENDER has the right to
charge a commitment fee at the standard daily rate of 1% on that amount the
withdrawal of which is delayed after the time period specified above; if the
LENDER refuses to release the remaining amount, then the LENDER has the right to
charge a commitment fee of 1% on that amount.

     

    Article
VII Repayment of Loan

     

    1, The
BORROWER must repay the loan hereunder according to the number __2__ type of
schedule below, there are other stipulations by the two
parties  elsewhere:

    

    (1) To
make full repayment of the loan hereunder at the end of the term.

    

    (2) To
make repayment of the loan hereunder according to the table below:

    
       

      
        
          	Repayment Date	Repayment
    Amount
	November 18,
      2010	RMB
      14.600,000.00

        

         

      

    

    If the
BORROWER need to change the repayment plan above, the BORROWER must submit
written request to the LENDER __30__ bank business days prior to the date on
which the corresponding loan amount repayment is due; and any change to the
repayment plan must be acknowledged in writing by both parties.

    

    2, In the
event that the BORROWER is delinquent in the repayment of both the principal and
the interest, the LENDER has the right to decide the repayment order of the
principal and the interest; if the repayment is in installment, and if there are
several installments of loan repayment hereunder is past due, the LENDER has the
right to decide the order of installments of repayment to be made by the
BORROWER; if there are several loans under different loan agreements that are
past due, the LENDER has the right to decide the order of the loan agreements
under which the repayment obligation must be fulfilled, unless there are other
stipulations for the above elsewhere by the two parties.

    

    3, The
BORROWER may make loan repayment ahead of the schedule, but BORROWER must submit
written request to the LENDER __30__ bank business days in advance, and the
repayment amount made ahead of the schedule must be applied in the reverse order
to the amount that is due last, unless there are other stipulations for the
above elsewhere by the two parties.

     

    The
LENDER has the right to charge a compensation fee at the rate of 0.05% on the
receivable interest on the loan amount which is repaid ahead of the
schedule.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    4, The
BORROWER must make repayment of the loan according to the number __1__ method
below:

     

    (1)  The
BORROWER must make a deposit, in the loan repayment account specified below, of
an amount of cash sufficient for the repayment of both principal and interest no
later than 5 bank business days before the due date for each amount of loan
principal and interest, to be reserved for repayment, and the LENDER has the
right to initiate deduction from the said account on the due date for each
amount of loan principal and interest.

    
      
         

        
          
            	Loan repayment account title:	Dalian Chuming Meat Co. Ltd.
	Account number:
      	Bank of China
      (Liaoning Province
Branch)
26586008093001

          

               

        

      

    

    [(2)
Other method of repayment stipulated by the two parties:__/__]

     

    Article
VIII Guarantee

     

    The loan
hereunder is guaranteed by:

     

    (1) This
agreement is the master agreement under the “Maximum Amount Pledge Agreement”
with execution number of 2008 BC (Liaoning) MaxPledge 027 between the guarantor
Dalian Chuming Group Co. Ltd and the LENDER and is guaranteed by it to the
maximum.

     

    (2) This
agreement is the master agreement under the “Maximum Amount Guaranty Agreement”
with execution number of 2008 BC (Liaoning) MaxGuaranty 030 between the
guarantor SHI Huashan and other joint asset owners and the LENDER and is
guaranteed by it to the maximum.

     

    (3) This
agreement is the master agreement under the “Maximum Amount Pledge Agreement”
with execution number of 2007 BC (Liaoning) MaxPledge 023 between the guarantor
Dalian Chuming Group Co. Ltd and the LENDER and is guaranteed by it to the
maximum.

    

    2, If any
event occurs to the BORROWER or the guarantor(s) which the LENDER believes is
likely to impair their ability to fulfill their obligations hereunder and
thereunder, or if any guarantee agreement becomes invalid, is revoked or
dissolved, of if the guarantor’s financial situation has  deteriorated
or the guarantor is involved in major litigation or arbitration proceedings, or
if there is any other event that is likely to impair their ability to fulfill
their obligations, or if the guarantor has breached contract under the guarantee
agreement or under any other agreement with the LENDER, or if the pledged assets
have devalued, destroyed, disappeared, seized, thus causing reduction or loss of
the guarantee value, the LENDER has the right to demand, and the BORROWER has
the obligation to provide, new guarantee or replacement of guarantor to ensure
the debt obligation hereunder.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    Article
IX Representations and Warranties

     

    The
BORROWER represents as follows:

     

    (1) The
BORROWER is registered according to the law and is in legal existence, and has
the full civil and executive power required for the execution and fulfillment
hereof;

     

    (2) the
execution and fulfillment hereof is based on the  expression of the
BORROWER’s true intent, and has obtained the valid and effective authorization
in accordance with the BORROWER’s Articles of Incorporation or other internal
governance documents, and is not in violation of any agreement, contract and/or
other legal documents that are binding to the BORROWER; the BORROWER has already
or will have obtained all the relevant approvals, permits, filings or
registrations required for the execution and fulfillment hereof.;

     

    (3) all
the documents, financial reports, certificates and other materials provided by
the BORROWER hereunder to the LENDER are authentic, complete, accurate and
valid;

     

    (4) The
background information for the business stated in the application by the
BORROWER to the LENDER is true and legal, and has not been used for money
laundering or any other illegal purposes;

     

    (5)The
BORROWER has not withheld from the LENDER any event that might have an adverse
effect on his and the guarantor’s financial situation and ability to fulfill
their obligations;

     

    (6)
[Other event represented by the BORROWER: _____]

    

    2, the
BORROWER warrants as follows:

     

    (1) the
BORROWER will periodically and on time provide his financial reports (including
but not limited to annual reports, quarterly reports and monthly reports) and
other relevant material to the LENDER according to the LENDER’s
request;

     

    (2) If
the BORROWER has already or will have entered into any counter-guarantee
agreement or any other similar agreement with the guarantor hereof, such
agreement will not impair any of  the LENDER’s rights
herein;

     

    (3) the
BORROWER will accept the LENDER’s credit check and supervision, and provide
sufficient assistance to and cooperate with the LENDER;

     

    (4) the
BORROWER must promptly notify the LENDER in the event of occurrence of any
circumstance that may affect the BORROWER’s or the guarantor’s financial
situation and their ability to fulfill obligations hereunder and thereunder,
including but not limited to any form of spin-off, merger, joint operation,
joint venture with foreign enterprises, partnership, contract operation,
reorganization, restructure, change of operating format such as proposed IPO,
reduction of registered capital, undertaking of material transfer of assets and
equity, assumption of material debt obligations, encumberment of mortgaged
assets with additional material debt, the seizure, dissolution, cancellation or
placement in the bankruptcy proceeding of the pledged assets, or involvement in
major litigation or arbitration proceedings, or occurrence of major operation
difficulties and deterioration of financial situation, or any event causing the
BORROWER’s breach of contract under other agreement; if the BORROWER takes
action to cause the aforementioned event that will have adverse affect on the
its ability to repay the loan, the BORROWER must obtain the consent from the
LENDER in advance;

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (5) the
BORROWER’s repayment of the debt obligation toward the LENDER is superior to the
debt obligation of the BORROWER’s shareholders to the LENDER, and is not
subordinate to similar debts from other creditors;

     

    (6) If
the BORROWER’s after-tax net profit is zero or negative within certain
accounting year, or the after-tax profit is insufficient to replenish the
cumulative loss of the previous accounting years, or the pre-tax profit has not
been used to repay payable loan principal, interest and fees within the
accounting year or the pre-tax profit is insufficient to repay the loan
principal, interest and fees for the next period, the BORROWER shall not
distribute dividends or bonus in any form to the BORROWER’s
shareholders;

     

    (7) the
BORROWER’s warranties regarding other matters: to process settlement with the
lending bank not lower than the proportion of the credit granted. The repayment
of the loan from the lending bank is superior to the distribution of shareholder
benefit and no cash dividend can be distributed before the repayment of the
principal and interest in the current period.  The repayment of the
loan from the lending bank is superior to the repayment of its shareholders’
loan.

     

    Article
X The Borrower’s Disclosure of Group Internal Transactions

     

    The
BORROWER belongs to the customer groups determined by the LENDER according to
the “Commercial Bank Customer Group Credit Granting Business Risk Management
Guidelines”.  The BORROWER must report promptly to the LENDER any
affiliate transaction larger than 10% of its net assets, including the affiliate
relationship with all the parties to the transaction, object of transaction and
nature of transaction, transaction amount or corresponding proportion and
pricing polity (including cashless transaction or transaction involving symbolic
cash amount).

    

    The
LENDER has the right to decide unilaterally to suspend the release of the loan
that has not been used to the BORROWER and demand advance repayment of the loan
principal and interest in part or in entirety, should any of the following
occurs to the BORROWER: using false agreements with affiliates, receivable
invoices and account receivables as credit rights to obtain bank discounts or as
pledge, in order to secure bank funds or bank credit; major M&A, acquisition
and reorganization which the LENDER deems to be likely to affect the security of
the loan; attempts to circumvent the banks’ creditor rights through affiliate
transactions; and all other events described in the “Guideline”.

     

    Article
XI Default Event and Corrective Measures

     

    Any one
of the following event constitutes a default h by the BORROWER
hereunder:

     

    1, The
BORROWER has failed to make repayment and fulfill its settlement obligations
according to the provisions herein;

     

    2, the
BORROWER has used the secured loan on purposes other than stipulated
herein;

     

    3, the
BORROWER’s representation herein is false or is in violation of the warranties
made herein;

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    4, the
occurrence of the events described in Section IX-2(4) herein, which the LENDER
deems to be likely to affect the BORROWER’s and the guarantor’s financial
situation and ability to fulfill their obligations, and the BORROWER has failed
to provide new guarantee or to replace guarantor pursuant to the provisions
herein;

     

    5, the
BORROWER has violated other provisions regarding the rights and obligations
between the relevant parties;

     

    6, the
occurrence of any event causing default under any other agreement between the
BORROWER and any organization of Bank of China Holdings Co. Ltd;

     

    7, the
guarantor has violated the provisions of the guarantee agreement or the
occurrence of any event causing default under the guarantor’s any other
agreement with any organization of Bank of China Holdings Co. Ltd;

     

    8, the
BORROWER has ceased operation or the occurrence of dissolution, cancellation or
bankruptcy.

     

    9, The
LENDER has the right to adjust the maximum credit granted according to the
change of the BORROWER’s credit or to suspend or terminate or recall the credit
granted herein.

    

    Upon
occurrence of any of the aforementioned default event, the LENDER has the right
to, separately or simultaneously, take the following measure according to the
situation:

     

    (1) to
demand the BORROWER or the guarantor to rectify the default within a period of
time;

     

    (2) to
reduce in part or in entirety, to suspend or to terminate the maximum credit
granted to the BORROWER;

     

    (3) to
stop in part or in entirety, to suspend or to terminate the processing of the
BORROWER’s loan withdrawal requests herein or under any other agreement between
the BORROWER and the LENDER; to suspend or terminate the 

    release
of any loan not yet released, or the processing of any commercial financing not
yet processed;

     

    (4) to
declare that the principal and interest of any portion of the loan, commercial
financing and all other amount payable hereunder or under any other agreement
between the BL and the LENDER immediately due, in part or in
entirety

     

    (5) to
terminate or dissolve this agreement, to terminate or dissolve, in part or in
entirety, any other agreement between the BORROWER and the LENDER;

     

    (6) to
demand compensation from the BORROWER for any loss caused by the BORROWER’s
default;

     

    (7) upon
only prior or subsequent notice, to withhold any amount deposited by the
BORROWER in the accounts established by the BORROWER with the LENDER or any
organizations of Bank of China Holdings Co. Ltd to satisfy the BORROWER’s debt
obligations to the LENDER hereunder.  The amount that is not yet due
in the account shall be regarded as being due in advance;  If the
currency in the account is not the same as the pricing currency of the LENDER’s
business, the amount withheld shall be converted according to the applicable
currency conversion rate on the date of withholding;

     

    (8) to
exercise the right to the pledged property;

     

    (9) to
demand the guarantor to assume its guarantor’s responsibilities;

     

    (10) to
take any other possible measures that the LENDER deems necessary.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    XII
Preservation of Rights

     

    If one
party has not exercised the rights, in part or in entirety, hereunder, or has
not demanded the other party to fulfill or assume, in part or in entirety, its
obligations, it does not constitute the forfeiture of that party’s rights or the
waiver of the other parties obligations and responsibilities.

    

    One
party’s tolerance, extension or delay of exercising any right hereunder extended
toward the other party shall have no affect on any right hereunder or under the
laws and statutes, and shall not be construed as forfeiture of such
rights.

     

    XIII
Alternation, Amendments and Termination

     

    Upon
mutual consent, this agreement may be altered or amended in written form and any
alteration and amendment hereto become the inseparable part hereto.

     

    Unless
otherwise stipulated by law or statutes or by provisions between the parties, no
rights and obligations herein shall be terminated before they are
fully  and completely fulfilled.

     

    Unless
otherwise stipulated by law or statutes or by provisions between the parties,
the nulling of any provision herein shall have no affect on the legal effect of
other provisions herein.

     

    XIV Applicable
Law and Resolution of Disputes

     

    The
applicable law is the law of the People’s Republic of China.

     

    Upon the
effectuation of this agreement, all disputes regarding the execution,
performance hereof or related hereto must be settled through
negotiations.  If negotiation fails, any of the two parties may adopt
the number __2__ method listed below for resolution:

     

    [1,
Submit ____ to the arbitration commission for arbitration]

     

    2, Submit
the case to the people’s court in the location of the LENDER or the organization
of Bank of
China Holdings Co. Ltd that has rights and obligations hereunder or under any
individual provision herein

     

    3, File a
suite to the people’s court of the competent jurisdiction according to the
law.

    

    In the
dispute resolution period, if such dispute does not affect the performance of
other provisions, then such other provision shall continue to be
fulfilled.

     

    Article
XV Fees

     

    Unless
otherwise stipulated by law or by provisions between the parties, the BORROWER
shall bear all the fees arising from the execution, performance and resolution
of disputes in connection herewith (including but not limited to legal
fees).

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    Article
XVI Attachments

     

    The
following attachments and other attachments acknowledged by the two parties
jointly are the inseparable part hereof and have the same legal effect as the
this agreement.

     

    1, Loan
withdrawal application;

     

    2, Loan
IOU form;

    

    Article
XVII Other Provisions

     

    1,
Without the written consent from the LENDER, the BORROWER shall not transfer any
right or obligation hereunder to a third party.

     

    2, If,
due to business necessity, the LENDER need to entrust the rights and obligations
hereunder to another organization of Bank of China Holdings Co. Ltd, or to
assign the loan business herein to another organization of Bank of China
Holdings Co. Ltd for management and execution, the BORROWER hereby acknowledge
permission.  The other organization of Bank of China Holdings Co. Ltd
authorized by the LENDER, or to which the loan business herein has been assigned
by the LENDER, has the power to exercise all the rights hereunder and has the
right to submit legal case in its own name to the courts or submit arbitration
to the arbitration commission for resolution of disputes regarding this
agreement or to apply for compulsory exercise.

     

    3, This
agreement is legally binding to each party’s legal successor or assignee,
provided that such situation is not in violation of any other provisions
herein.

     

    4, Unless
otherwise indicated, the two parties designate the addresses recorded herein as
contact and correspondence addresses and each promises to notify the other in
writing if the contact and correspondence address changes.

     

    5, The
transaction hereunder is based on each party independent interest.  If
another party to the transaction constitutes the LENDER’s affiliated party or
person according to the law, statutes or regulatory requirements, each of the
two parties shall not use such affiliate relationship to affect the fairness of
the transaction.

     

    6, The
headings and business names are used for the convenience  of reference
only and shall not be used in interpretation of the contents of the provision or
each party’s rights and obligations herein.

     

    Article
XVIII Effectuation of Agreement

     

    This
agreement shall become effective upon execution by the legal representatives
(responsible persons) or the authorized signatories of the BORROWER and the
LENDER and upon imprint of the business seals.

     

    This
agreement has one set of two copies, with one to the BORROWER and one to LENDER,
and both copies have the same legal effect.

    

    BORROWER:
Dalian Chuming Meat Co. Ltd. (Seal)

    Legal
Representative: SHI Huashan

     

    /s/ MA
Fengqin

     

    Dated:
November 19, 2009

    

    LENDER: Bank
of China Holdings Co. Ltd (Liaonin Province Branch) (Seal)

    Legal
Representative: (not legible)

     

    /s/ (not
legible)

     

    Dated:
November 19, 2009

     

    
      
        
        

      

      
        10Unassociated Document

    Exhibit
10.18

    

    Loan
Agreement

    Agreement
#21028101-2009(Borrow) 0002

    

    The
Borrower: Dalian Chuming Meat Factory Co., Ltd

    Business
License Number:210-28121237193-2137

    Legal
representative: Shi Huasha

    Address:
2026 Wafangwu city

    Zipcode:116300

    

    Basic
deposit accounts and Bank account number: Wafangwu  Branch of the
Agriculture Development Bank  20321028100100000072741

                        20321028100100000071611

    Tel:0411-8569216

    

    The
Lender: Wafangwu

    Branch of
the Agriculture Development Bank

    Legal
representative: Yi Degui

    Address:
5 Wafangwu city

    Zipcode:116300

    Tel:
0411-85611874

    

    Pursuant
to the relevant laws and regulations, after negotiating, the parties hereby
agree as follows:

    

    Article 1
Loan Type

    

    The loan
type under the agreement is: Working Capital Loan

    

    Article 2
Purpose of loan

    

    The loan
purpose under the agreement is : live pig Purchase, Without the written consent
of the lender the borrower may not change the purpose of the contract of
borrowing.

    

    Article 3
Amount and currency:

    

    The
amount under the agreement is :RMB60,000.000Yuan

    

    Article 4
Loan term

    

    Borrowings
under this contract period is 3 months, from October 30, 2009 to January 30,
2010. The borrower under the agreement starting date and duration of both
lenders and borrowers apply for a loan certificate is inconsistent as to when
the first withdrawal on the loan documents recorded in the closing date. Loan
certificated an integral part of this contract, and this agreement has the same
legal effect.

    

    Article
5

    

    5.1 This
agreement interest rate for borrowing under the ___annual___ interest rate, the
interest rate for the following ___ term.

    

    5.1.1
People's Bank of China announced __one-year__ lending rate, the interest rate is
:_51.3_%.

    

    5.1.2
People’s Bank of China announces based on the interest rate of ____,
____(upwardly/downwardly)___%, the interest rate is ___%.

    

    5.1.3
People’s Bank of China announces based on the interest rate of ____, ____(
upwardly, downwardly)___%, the interest rate is ___%.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    5.2 The
interest rate of the loan agreement, in case of encountering in the People's
Bank of China benchmark lending interest rate adjustment, execute as section ___
below.

    

    5.2.1 A
fixed interest rate period of the loan, the interest rates remain
unchanged

    

    5.2.2
Adjust at any time, interest accrual by sections

    

    5.2.3  Until
the actual withdrawal date, adjustment as a (daly/monthly/yearly) mode, interest
accrual by sections.

    

    5.3 The
penalty interest rate under the agreement is under yearly interest rate,
include:___

    

    5.3.1
Late penalty rate of borrowing for the borrower in  the agreement
interest rate surcharge of ___%

    

    5.3.2
Purposes of this agreement fails to use the borrowing penalty rate for borrowing
in the agreement interest rate on a surcharge of ___%

    

    5.4
Borrowing under this contract, penalty rate, in case of  encountering
the PBC benchmark lending interest rate adjustments , perform as the following
section ___ as agreed above.

    

    5.4.1
Unregulated

    

    5.4.2
Adjust at any time, interest accrual by sections

    

    5.5
Borrowers use the loans under agreement, as the emergence of late, or fails to
present under the agreement, the lender accrue the penalty interests as the
higher interest rate of these two situations.

    

    5.6
Interest accrued and expiry of interest

    

    5.6.1 The
accruing day of the loan interest begin from the actual date
of  withdrawal under a daily mouthed, the calculation of the interest
in accordance with the actual loan using day under the agreement .

    

    5.6.2
Contract of borrowing in this period, the borrower can not pay the interest on
schedule ,------( total income / income excluding) compound. Total recovery of
profit, according to this contract the implementation of the borrowing
rate

    

    5.6.3 In
the event of overdue loans or the borrower fails to use this loan under the
agreement , the lender shall accrue the penalty rate for the unpaid interest
under the agreement.

    

    5.6.4 The
loan under the agreement expiry interest as a ______(month/quarter) mode, the
expiry date is every ______(month/last month of the quarter) the 20th.

    

    5.6.5 If
encounter the People's Bank adjust the loan interest rate and this regulation
apply to this agreement, the lender is entitled to calculation the new default
interest and the interest rate as the PBC regulation, without notice to the
borrower

    

    Article 6
Withdrawal

    

    6.1
Borrower's withdrawal, it should meet the following prerequisites, or else the
lender the right to refuse the borrower's withdrawal application

    

    6.1.2 In
accordance with relevant laws and regulations, completed under this contract
than the prospective borrower, registration, delivery and other statutory
formalities

    

    6.1.3 Not
occurred in this matter of the contract breach

    

    6.1.4
Other related materials need to be provided which have been requited by
lenders.

    

    6.2
Borrowers withdrawal plan as following:

    

    6.2.1
_2008__year_10__month_30_day, amount_34.000.000_

    

    6.2.2
__2009_year_10__month_30_day, amount__26.000.000_

    

    6.2.3
___year___month__day, amount________

    

    6.2.4
___year___month__day, amount________

    

    6.2.5
___year___month__day, amount________

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    6.3 Due
to special reasons, the borrower can not be agreed upon in accordance with
paragraph 6.2 of this withdrawal, she should submit a written application to the
lender ____working day in advanced, after the written consent of the lender, she
can advance or delay ___days to withdrawal.

    

    6.4
Borrower requests for cancellation of entire or partly of the loan without
withdrawal , she should submit a written application to the lender ____working
day in advanced, after the written consent of the lender, the agreement can be
canceled.

    

    Article 7
Prepayment

    

    7.1
Borrowers should be in full accordance with the agreement scheduled to pay
interest, according to the following section __ of the agreement to repay the
principal amount of loan.

    

    7.1.1 The
last payment should no later than the expiration date in accordance with the
agreement

    

    7.1.2 The
plan as below:

    

    7.1.2.1
__2009_year_12_month_17_day, amount__20.000.000_

    

    7.1.2.2
_2009__year_12__month_30_day, amount_14.000.000_

    

    7.1.2.3
_2010__year_1__month_10_day, amount__26.000.000_

    

    7.1.2.4
___year___month__day, amount________

     

    7.1.2.5
___year___month__day, amount________

    

    7.2
Except the situation under the section 7.1.1, in case of  the borrower
to repay principal in advance, she should submit a written application to the
lender ____working day in advanced, after the written consent of the lender the
borrower could repay part or entire loan principal. If it is early repayment of
part of the principal of borrower, it should be the opposite according to the
order of repayment  plan.

    

    7.3
Borrower shall open an account of supply thereafter, interest and principal and
interest payable before the expiry date for interest and the payable day of
principal, and

    

    Authorize  the
lender to draw the amount directly from the borrowers account at the expiry date
for interest or the payable day of principal.

    

    Article 8
The borrowing instrument in according with the agreement is section __as
following :

    

    8.1 By
form of credit

    

    8.2 By
form of ________guarantee, guarantee contract entered into separate, agreement
number :_____________

    

    Article 9
The borrower’s rights and obligations

    

    9.1 The
borrower is entitled to know the information about the loan policy, interest
rate policy etc. from the lender.

    

    9.2 The
borrower is entitled to withdrawal and use the loan under the loan agreement
policy.

    

    9.3
Subject to the conditions required by the lender, the borrower is entitled to
apply for the loan extension.

    

    9.4 the
borrower is entitled to ask the lender to keep the debt, finance, production,
management and other aspects of information to be confidential, except other
laws and regulations and the agreement as agreed.

    

    9.5
Guarantee the authenticity, accuracy, completeness and validity of the provide
materials during the loan review process.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    9.6 In
accordance with the lender, the borrower shall  provide true,
complete, legal and effective financial and accounting statements and other
relevant documents, materials and information, accept and cooperate with the
lenders for their production and management of material inventory, financial
situation, usage of the loan.

    

    9.7
Borrower should full pay the principal and interest in accordance with the
agreement.

    

    9.8. The
Borrower shall immediately with in 15 days in advanced send the written notice
to the Lender if the event of changing in its name, legal representatives,
business address, business scope, and other business registration items
occurs.

    

    9.9 In
the event the Borrower provides guarantees to the third party, or the main
property mortgage, pledge to the third party the Borrower shall send the prior
written notice in 30 days advanced to ask the Lender ‘s request and
consent.

    

    9.10 The
borrower and its controlling shareholder, and other related significant related
party transactions between the companies (including, but not limited to,
purchase and sale of a major association contracts, leases, supply of raw
materials, financial transactions, etc.) or to change the way of its affiliates,
or its controlling shareholders and other related company or a serious financial
crisis, the borrower should be in the circumstances after three days written
notice to the lender.

    

    9.11 In
the terms of the contract, the borrower who resort to contracting, leasing,
joint-stock reform, joint, separation, consolidation (mergers), a joint venture
(cooperative), capital reduction, changes in ownership, transfer or disposition
of assets, foreign investment or other significant enough to affect the lender
claims to achieve the behavior, it should be 30 days in advance written notice
to the lender and the implementation by the written consent of Lender under this
agreement, the responsibility of the borrower debt settlement, or to provide a
written approval by the lender and other legitimate and effective security, or
in the settlement of this until all obligations under the contract take
actions

    

    9.12
Borrower’s business meet serious difficulties in production and operations,
financial condition deteriorated, design major economic disputes or other
significant adverse consequences for property status of any litigation,
arbitration or criminal, administrative penalties and other circumstances, or
main part of  its property have all been possession of other
creditors, or appointing a trustee, receiver or similar officer to take over, or
property was seized or frozen, may suffer serious losses of
the  lender, the borrower should work with the situation after three
days written notice to the lender, and In accordance with the requirements of
lenders to ensure that the principal and interest under the contract and all
other costs the borrower to repay in full protective measures.

    

    9.13 In
the term of the contract, the borrower event of shutdown, go out of business,
was ordered to stop operation has been cancel the registration, was revoked
business license revoked, application or filed for bankruptcy, was to dissolve
such circumstances, the borrower shall, written notice to the lender 3 days
advanced and guarantee the lender a written request the return of loan principal
and interest, or to provide written approval by the lender's claim protective
measures.

    

    9.14 In
case of the loan as the method of guarantee under the agreement, Security
changes take place which is negative for the debt for the lender, the borrower
shall provide other legal guarantees with the written consent of the
lender.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    9.15
Should bear with legal services, insurance, transportation, evaluation,
registration, storage, appraisal, notary fees, etc. under the agreement and the
guarantees relating to the agreement

    

    Article
10 The lenders right and Obligations

    

    10.1 The
Lender may be entitled to access the information of the Borrower concerning the
business operation, financial activities, inventory and use of loan and may
require the periodic provision of financial statement or other materials,
instruments or information by the Borrower.

    

    10.2 Any
early-recovered principal, interests, penalties, compound interests and any
other payment due to the Lender may be deducted by the Lender directly from the
bank account of the Borrower.

    

    10.3 The
borrower to avoid the lender supervision, and default on a loan principal and
interest or other serious breach, the lender is entitled to impose sanctions on
credit,  inform the relevant department or notice through the news
media for collection.

    

    10.4 The
Lender shall provide loan to the Borrower in accordance with this
agreement.

    

    10.5
Should keep the debt finance, production, management and other aspects of
information provided by the borrower confidential, except as otherwise provided
by law or the agreement.

    

    10.6 In
the term of the agreement, in case of the lender change the name, residence,
mailing address, should be from the change within 15 days from the date of the
change by written notice to the borrower.

    Article
11 Breach

    

    11.1
After the agreement come into force , both sides parties should fulfill the
contract obligations, any party who does not perform or not to meet the
obligations of this contract should bear the legal responsibility under the
law.

    

    11.2 1.
In the event the Lender is not in compliance with the agreement withdrawal the
loan, the lender should pay the for the borrowing rate by the number of days to
menstruation the lender should pay liquidated damages for delay under this
agreement

    

    11.3 In
the event the Borrower is not in compliance with the agreement to repay the
principal, the Borrower should pay for the borrowing rate by the number of days
to menstruation  the borrower should pay liquidated damages for delay
under this agreement

    

    11.4
Without the written consent of the lender, the borrower ahead of the return of
loan Borrower should pay for the borrowing rate by the number of days to
menstruation  the borrower should pay liquidated damages for delay
under this agreement

    

    11.5 The
borrower is not able to perform the prepayment of the loan , the lender is
entitled to limit settlement, directly withdrawal all the principal and interest
of the debt due from any accounts which the borrower opened from the
lender.

    

    11.6 The
borrower fails to use this loan under the agreement, lender is entitled to stop
issuing loans, borrow, or cancel the contract early retirement. The loan which
the borrower used breach the agreement, from the date of breaching, accrue
default interest , also accrue the default interest of the unpaid
interest.

    

    11.7 In
case of any situation below occurs, the lender is entitled to stop issuing
loans, or cancel the loan which the  borrower has not withdrawal, to
recover part or all of the loan in advance, the loans which can not be
recovered, according to overdue loan penalty rates of liquidated damages, accrue
the penalty with a default interest rate as a daily mode.

    

    11.7.2
Breach of the Article 9 term9.9

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    11.7.3
Breach of the Article 9 term9.8, The lender claims to achieve severely affected
or threatened

    

    11.7.4
Breach of the Article 9 term9.9,

    

    11.7.5
Breach of the Article 9 term9.10, Affect the safety of the lender
claims

    

    11.7.6
Breach of the Article 9 term9.11

    

    11.7.7
Breach of the Article 9 term9.12

    

    11.7.8
Any other active could lead to claims threaten the achievement or loss of the
lender

    

    11.8
Result due to the borrower defaults, the lender to take litigation, arbitration
and other legal means to achieve debt, the borrower should bear the lender to
pay for this attorney's fees, travel and other expenses.

    

    Article
12

    

    12.1 The
agreement becomes effective on the date the parties sign or seal the agreement ,
in case of guarantee, in according with the Article 8, term 8.2, effective as
long as the agreement get effective.

    

    12.2
Borrowers who can not return the loan on schedule, need to apply for an
extension, it should be with in ____day before the expiry day of the agreement
in writing to the extension application to the lender, if its a secured loan,
the borrower must provide a guarantor agreed to continue the secured loans
written comments or otherwise recognized by other legal and effective security,
examined and approved by the lender after the loan extension agreement
signed.

    

    12.3 In
case any situation occurs, the lender is entitled to cancel the agreement , and
Require the borrower to return the principal and interest in accordance with the
agreement in advance, compensation for the losses

    

    12.31
Breach of the Article 9 term9.13,

    

    12.3.2
Breach of the Article 9 term9.14,

    

    12.3.3
The borrower fails to pay interest continuingly for ___(Month /quarter ) or
cumulatively for ___(month/quarter)

    

    12.3.4
Others

    

    12.4
After the effective of the agreement , neither the borrower nor the lender shall
are change or cancel the agreement , in case of need to have change or cancel
the agreement , both parties shall notify the other party in writing, consensus
by both parties reach a written agreement.

    

    Article
13 Dispute Resolution

    

    13.1 In
the event of a dispute during the performance of the agreement ,shall settled by
negotiation with both parties , otherwise chose the following
solution.

    

    13.1.1
Submit a law suit to the people’s court of the lenders locality

    

    13.1.3
Submit to __________arbitration committee, (address
_______________)

     

    In
accordance with the arbitration rule which is effective .

    

    13.2
During the litigation or arbitration, the articles which don’t involve the
dispute under the agreement  still need to be performed.

    

    Article
14 Others

    

    14.1_________________________________________________________.

    

    14.2_________________________________________________________.

    

    14.3_________________________________________________________.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    Article
15 Supplementary articles

    

    15.1
Unless otherwise agreed by the contract, all the notice between borrower and the
lenders should be in writing form. Any telex, telegram has been issued from the
lender to the borrower , as long as the delivery of the telex and the letter
deliver to the post office , deemed to have been served to the
borrower.

    

    15.2 This
supplementary articles is an integral part of main agreement, has the same
effect as the agreement.

    

    15.3
During the perform of the agreement, in case of any withdrawal date or repayment
date is holiday, extend to the nest business day.

     

    15.4 This
Agreement shall be executed in _____ copies, the Borrower have _______copy ,the
Lender has ______copy, all those shall have the same legal effect.

     

    16
Notice

     

    The
Lender has noted that the Borrower shall make thorough reading and comprehensive
understanding on the provisions herein and has made the corresponding
explanation and interpretation at the request of the Borrower. Finally, there is
not any dispute or controversy on this Agreement between the Parties
hereto.

     

    Borrower:

     

    Legal
representative:

     

    Date:
20/30/2009

     

    Lender:

     

    Legal
representative:

     

    Date:
20/30/2009

     

    
      
         

      

      
        7

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