Exhibit 10.22
Loan Agreement
Party A: Liaoning Joway Technology Engineering Co., Ltd.
Party B: Shenyang Joway Industry Development Co., Ltd.
Party A and B are related companies under the same control of one entity. Party A and B negotiated and agreed that they shall provide each other operating or working capital during their production operations. The two parties shall pay no interests as a result of this loan arrangement to each other. The parties shall provide no assets as a security for the loan received from each other under this agreement.
This Agreement is valid during the operational period of the parties.
Party A: Liaoning Joway Technology Engineering Co., Ltd. SEAL
Date: May 10, 2007
Party B: Shenyang Joway Industry Development Co., Ltd. SEAL
Date: May 10, 2007
