Exhibit 10.11
Liquid Capital Loan Contract
(Contract No. : [●])
Borrower: Zhejiang Zhengkang Industrial Co. Ltd
Address: No. 678 Dingxiang Road, Binhai Industrial Park, Economic & Technology Development Zone, Wenzhou, Zhejiang Province, People’s Republic of China 325025
Loaner: Bank of China, Wenzhou Dragon Bay Branch
Address: Wanxin Jinyuan Yongzhong Street Longwan District Wenzhou, Zhejiang 325000
Currency: RMB.
Amount: ¥[●]
The loan period is[●] months, starting from the actual withdrawal date. If Borrower withdraws the loan by installment, the loan period starts from the date of first actual withdrawal.
| 1. | The purpose of this loan is for repayment of the government’s emergency fund. |
| 2. | Without written consent of Loaner, Borrower could not change the loan purpose |
| IV. | Loan interest rate, interest calculation and interest settlement: |
| 1. | Loan Prime Rate shall be adjusted annually. |
| 2. | Loan interest rate is calculated pursuant to No. [2 ] |
| 1) | Fixed rate: Loan interest rate is calculated pursuant to the LPR published by People’s Bank on the date one business day prior to execution of this contract plus[●]bp. and the annual interest rate is[●]% until the maturity date. |
| 2) | Fluctuated rate: the actual withdrawal date (or the first withdrawal date if installment withdrawal) will be the starting date, and every[●] months will be a fluctuation period. |
| 3. | Loan Interest Rate shall be settled quarterly. The[●]th of last month of each quarter is the interest settlement date, and the[●] of last month of each quarter is the interest payment date. |
| 4. | If Borrower does not repay the loan on time, the penalty interest will be increased[●]% of the loan interest under this contract. |
| 5. | If the loan is used in violation of the purpose of this agreement, the penalty interest will be increased[●]% of the loan interest under this contract. |
| V. | Repayment of Loan Principal |
| 1. | Borrower shall repay all the loan under this contract (RMB[●]) no later than[●]. |
The guarantee type for performance of this contract is guarantee.
| Name of Guarantor | | Contract No. | | Guarantee Type |
| | | | | |
| 1. | Any disputes arising from the performance of the contract shall be submitted to the court located in the place where Loaner resides. |
| 2. | This contract comes into effect upon execution by legal representative of each party and stamped by both parties. |
| 3. | This contract is written in 2 copies with each party holding one copy, and each copy has same legal effect. |
Borrower: Zhejiang Zhengkang Industrial Co. Ltd
Loaner: Bank of China. Wenzhou Longwan Branch.
Execution time:[●]
