LOAN CONTRACT (Contract No. : [●])
Exhibit 10.17
LOAN CONTRACT
(Contract No. : [●])
Borrower: Zhejiang Zhengkang Industrial Co. Ltd
Loaner: China Zheshang Bank Co., Ltd, Wenzhou Branch
| I. | Loan purpose: |
The purpose of this loan is for purchase of goods.
| II. | Loan Amount: |
Currency: RMB.
Amount: ¥[●]
| III. | Loan period: |
The loan period starts from the [●], and the maturity date is [●].
| IV. | Loan interest rate, interest calculation and interest settlement: |
| 1. | Loan interest rate is calculated pursuant to No. [ 2 ] |
| 1) | Fluctuated rate: the basic loan interest rated published by People’s Bank of PRC for the same loan period on the date of actual withdrawal plus or minus [ ]%, and every [ ] months will be a fluctuation period. |
| 2) | Fixed rate: the annual loan interest rate is [●]%. |
| 2. | Loan Interest shall be settled quarterly. The [●]th of last month of every month would be the interest settlement date. |
| V. | Repayment of Loan Principal |
| 1. | If Borrower repays the loan prior to the maturity date, the loan interest shall be the interest specified in this contract plus [●]%. |
| 2. | 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. |
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| 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. |
| VI. | Guarantee |
| 1. | The guarantee type for performance of this contract is guarantee. |
| 2. | The following company or individual guarantee the repayment to Loaner by Borrower a. [●] |
Miscellaneous:
| 1. | Any disputes arising from the performance of the contract shall be submitted to the court located in the place where Loaner resides. |
| 2. | This contract shall come into force upon execution by the authorized person(s) of each party or stamped by both parties. |
| 3. | 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 Zheshang Bank Co., Ltd
Execution time: [●]
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