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 Hangbo Yu (General Manager), on behalf of the Company, to sign a short term loan agreement with Xxxxx Xxxxx (shareholder/CEO). 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/ Hangbo Yu
Hangbo Yu, General Manager
Sunvalley Solar Inc.
Lender:
/s/ Xxxxx Xxxxx
Xxxxx Xxxxx
