LOAN CONTRACT (Contract No. : [●] )
Exhibit 10.15
(Contract No. : [●] )
Loaner: China Merchants Bank Co., Ltd, Wenzhou Dragon Bay Branch
Borrower: Zhejiang Zhengkang Industrial Co. Ltd
| I. | Loan purpose: |
The purpose of this loan is for [●].
| II. | Loan Amount: |
Currency: RMB.
Amount: ¥[●]
| III. | Loan period: |
The loan period is [●] months, starting from the [●], and the maturity date is [●].
| IV. | Loan rate and interest: |
| 1. | Loan interest rate is fixed rate. |
| 2. | The fixed interest rate is calculated pursuant to the LPR published by People’s Bank on the date one business day prior to price determination date plus [●]bp. |
| 3. | If Borrower uses this loan in violation of the purpose of this agreement, the penalty interest will be increased [●]% of the loan interest under this contract upon the due day shall pay all the loan when the loan period is due. |
| 4. | If Borrower does not repay the principal loan on time, Borrower shall pay the penalty interest which will be increased [●]% of the loan interest under this contract upon the due day. |
| 5. | Loan Interest shall be calculated since the actual date Borrower received the loan, and the loan interest shall be settled monthly. The [●]th of every month would be the interest settlement date. |
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| V. | Miscellaneous: |
| 1. | This contract shall come into force upon execution by the authorized person(s) of each party and stamped by both parties. |
| 2. | This contract is written in 2 copies with each party holding on copy, and each copy has same legal effect. |
Borrower: Zhejiang Zhengkang Industrial Co. Ltd
Loaner: China Merchants Bank Co., Ltd, Wenzhou Dragon Bay Branch
Execution time: [●]
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