Loan Agreement between Xunjin Hua and Innovative Designs, Inc. dated August 10, 2013
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Summary
Xunjin Hua is lending $25,000 to Innovative Designs, Inc. for six months at a 10% interest rate. The company must repay $27,500, including interest, by February 10, 2014. As additional interest, Xunjin Hua will also receive 5,000 shares of IVDN stock. The agreement is signed by both parties and witnessed by Gregory P. Domian.
EX-10.15 3 v365669_ex10-15.htm EXHIBIT 10.15
August 10, 2013
Xunjin Hua is lending Innovative Designs, Inc the amount of $25,000 Dollars, for a period of 6 months, at an interest rate of 10% for six months. Repayment of $27,500 interest included will be made by February 10, 2014. In addition, lender will receive 5,000 shares of IVDN stock as additional interest.
| /s/ Xunjin Hua | |
| Xunjin Hua | |
| | |
| /s/ Joseph Riccelli | |
| Joseph Riccelli | |
| | |
| /s/ Gregory P. Domian | |
| (Witness) | |
