Private Loan Agreement with Henry Yu dated February 20, 2013
EX-10.15 11 ex10_15.htm EXHIBIT 10.15
Sunvalley Solar Inc.
398 Lemon Creek Suite A, Walnut. CA 91789
Tel: (909 ###-###-#### Fax: (909 ###-###-####
Date: 02/20/2013
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 $20,000. The start day will be the day that $20,000 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