Loan Agreement between Changzhou City Wujin Best Appliances Co., Ltd. and Wujin Rural Commercial Bank
Changzhou City Wujin Best Appliances Co., Ltd. and Wujin Rural Commercial Bank entered into a loan agreement for RMB 10,000. The loan is effective from November 30, 2011, to February 28, 2012, with interest charged at the benchmark rate set by the People’s Bank of China. The agreement outlines the terms for repayment and interest, binding both parties to these conditions for the specified period.
Exhibit 10.36
Loan Agreement between Changzhou City Wujin Best Appliances Co., Ltd. and Wujin Rural Commercial Bank, pursuant to which Wujin Rural Commercial Bank provided a loan with a total amount of RMB10, 000. The loan term is from November 30, 2011 to February 28, 2012. The annual interest rate carries the benchmark interest rate published by the Peoples Bank of China.