Private Loan Agreement with Henry Yu dated January 24, 2013

EX-10.14 10 ex10_14.htm EXHIBIT 10.14

Sunvalley Solar Inc.

398 Lemon Creek Suite A, Walnut, CA 91789

Tel: (909 ###-###-#### Fax: (909 ###-###-####

 

 

 

Date: 01/24/2013

 

Private Loan Agreement

 

 

Due to the rapid business development, the Company needs funds for operation and inventory purchase. The Board of Directors authorize James Zhang (CEO/Chairman) on behalf of the Company, to sign a short term loan agreement with Hangbo Yu (Shareholder/General Manager). The loan amount is $90,000. The start day will be the day that $90,000 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/ James Zhang

James Zhang

CEO

Sunvalley Solar Inc.

 

 

 

Lender:

 

/s/ Hangbo Yu

Hangbo Yu