Exhibit 10.6
LOAN AGREEMENT
This LOAN AGREEMENT ("Agreement"), is made on _______________
BETWEEN | Wen Mei Tu of ___________________ |
| (hereinafter the "Lender"), |
| |
AND | Zhen Ding Resources Inc. of Suit e 2 0 5, 353 St. N icolas, |
| Montreal, Quebec. H2Y 2P1 Canada (hereinafter the "borrower") |
| |
WHEREAS, | Zhen Ding Resources Inc. is in need of additional financing, |
| |
WHEREAS, | the Lender is prepared to advance such funds |
NOW, THEREFORE, the parties hereto agree as follows:
!n this Agreement, unless the context otherwise requires:
1.1 Currency - All currencies are expressed in the United States of America dollars.
ARTICLE 2: TERMS & CONDITIONS
2.1 | The Lender agrees to !end a total sum of $___________ to be paid over to the Company within three days of the signing of this Agreement (the “loan”). |
2.2 | The Loan shall bear an interest rate of 1% per month, calculated monthly and non-compounded. |
2.3 | The principal and interest shaU be due and payable on ___________________. |
2.4 | The Borrower is guaranteed the loan & interest personally or the company asset |
2.5 | The parties have agreed to draw up this Agreement in the English language. Les parties ont convenu que le present contrat soit ecrit en ang!ais. |
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives on date as given above.
Lender | | Borrower |
| | |
| | |
Wen Mei Tu | | Zhen Ding Resources Inc. |