Exhibit 10.33
The Loan Agreement (hereinafter referred to as the "Agreement") is made and entered into by and between the following parties on June 11, 2010 (date):
Party A: Li Anning
Party B: Liu Liguo
Party C: Liu Yabin
Party D: Liu Yasheng
Party E: Wang Pingyi
Party F: Zhang Fude
Party G: Ding Ding
Party H: Beijing Wan Qiao Mechanical and Electrical Equipment Co.
Legal person: Liu Yabin
(Parties A, B, C, D, E, F, G and H are hereinafter referred to collectively as “Lenders”)
Party I: Beijing Wowjoint Machinery Co. is a limited company established in Beijing, the People’s Republic of China (“China”). Registered capital is RMB 28.5 million Yuan.
Legal person: Liu Yabin
(Party I is hereinafter referred to as “Borrower”)
In the Agreement, Parties A, B, C, D, E, F, G, H and I are hereinafter referred to collectively as “the Parties” and respectively as “the Party”.
Each of the lenders receives consideration pursuant to Stock Transfer Agreement dated April 25, 2010 and wishes immediately to loan the entire amount of the stock transfer proceeds to the Borrower in the form of stockholder loans for the Borrower’s general working capital purpose.
The loan is interest free, with a tenor of 5 years from the date of this Agreement.
IN WITNESS WHEREOF, the Parties have duly executed this Agreement, or have caused this Agreement to be duly executed on their behalf, as of the date first
hereinabove set forth.
LENDERS:
Party A: Li Anning | Party B: Liu Liguo | ||
/ s / Li Anning | / s / Liu Liguo | ||
Party C: Liu Yabin | Party D: Liu Yasheng | ||
/ s / Liu Yabin | / s / Liu Yasheng | ||
Party E: Wang Pingyi | Party F: Zhang Fude | ||
/ s / Wang Pingyi | / s / Zhang Fude | ||
Party G: Ding Ding | |||
/ s / Ding Ding | |||
Party H: Beijing Wan Qiao Mechanical and Electrical Equipment Co. | |||
/ s / Liu Yabin | |||
Signature of legal person: LIU YABIN | |||
Seal: | |||
BORROWER: | |||
Party I: Beijing Wowjoint Machinery Co. | |||
/ s / Liu Yabin | |||
Signature of legal person: LIU YABIN | |||
Seal: |