LOAN AGREEMENT Parties: The undersigned is China Northern Medical, Inc. the Borrower, and the Lender is Mr. Jinzhao Wu
Exhibit 10.1
Parties: The undersigned is China Northern Medical, Inc. the Borrower, and the Lender is Xx. Xxxxxxx Xx
2. Date of Agreement: June 27, 2007/
3. Promise to Pay: Borrower promises to pay to Lender USD$10,000 on demand,
4. Responsibility: Although this agreement may be signed below by more than one person, each of the undersigned understands that they are each as individuals responsible and jointly and severally liable for paying back the full amount,
5. Breakdown of Loan: Borrower will pay:
Amount of Loan:
USD$ 10,000
other (Describe)
None
Amount financed:
None
Finance charge:
None
Total of payments:
USD$10.000
ANNUAL PERCENTAGE RATE~ None
6. Repayment: Borrower win repay lender partial of the entire outstanding amount at any time when the lender requests: such repayment(s).
7. Prepayment: Borrower has the right to prepay the whole outstanding amount at any time.
8. Security: NONE
Executed at June 27; 2007
Borrower: China Northern Medical Device, Inc
/s/ Xxxxxxx Xx
Xxxxxxx Xx
President
Lender
/s/ Xxxxxxx Xx
