Sunvalley Solar Inc.
Sunvalley Solar Inc.
000 Xxxxx Xxxxx Xxxxx X, Xxxxxx, XX 00000
Tel: (000)000-0000 Fax: (000)000-0000
Date: 12/21/2011
Due to the rapid business development, the Company needs funds for operation and inventory purchase. The Board of Directors authorize Xxxxx Xxxxx (CEO/Chairman) on behalf of the Company, to sign a short term loan agreement with Xxxxxx Xx (Shareholder/General Manager). The loan amount is $50,000. The start day will be the day that $50,000 is transferred to the Company's account. The annual interest for this short-term loan is $6.50% and the term of this loan should be less than a year.
Borrower:
/s/ Xxxxx Xxxxx
Xxxxx Xxxxx
CEO
Sunvalley Solar Inc.
Lender:
/s/ Hangbo Yu
Hangbo Yu
