Private Loan Agreement
Sunvalley Solar Inc.
Tel: 000.000.0000• Fax:000.000.0000 • xxx.xxxxxxxxxxxxxxxxx.xxx • 000 Xxxxx Xxxxx Xxxxx, Xxx X. Xxxxxx, XX 00000
Date: 2/24/2012
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 $21,307.90. The start day will be the day that $21,307.90 is transferred to the Company's account. The annual interest for this short-term loan is $6.50% and the ten of this loan should be less than a year.
Borrower:
/s/ Xxxxx Xxxxx
Xxxxx Xxxxx
CEO
Sunvalley Solar Inc.
Lender:
/s/ Hang Xx Xx
Hang Xx Xx
