Exhibit 10.7
Pizhou Small Business Loan Renewal Fund Application Form
| Business Name | Jiangsu Baikang Bio-Tech Co., Ltd | Registered Capital | 48 million USD |
| Address | Industrial Park, Tiefu town, Pizhou | Operating Revenue | |
| Legal Representative | Li Jinguo | Contact of Legal Representative | |
| Staff in charge | Contact of Staff in charge | ||
| Lending Bank | Jiangsu Pizhou Rural Commercial Bank Co., Ltd | Amount of application | 3.9 million RMB |
|
Cause of application and commitment:
Our company borrowed RMB 3.9 million from Jiangsu Pizhou Rural Commercial Bank Co. Ltd on November 15, 2017. The loan is due on October 20, 2019. As we currently have insufficient working capital, we hereby apply for government loan renewal fund to repay the loan. Our production and operation are in normal status, and we warrant that we are not owing any employees wages, have no civil disputes involving writs of seizure or attachments to our properties, and the legal representative has no records of misconduct of gambling etc. We will use the loan renew fund for repayment of bank loan only, and we promise we will not use it for any other purposes. After the lending bank approves the relending, the lending bank will remit the funds to the designated account of Small & Medium Enterprises Guarantee Center, Finance Bureau, Pizhou City.
Signature of Legal Representative: Li Jinguo Company Seal
| |||
| Lending Bank |
Seal of Credit Department of Jiangsu Pizhou Rural Commercial Bank Co., Ltd Date: December 14, 2018 | ||
| Office of Leading Team of Government Loan Renewal Fund | Staff in Charge: Recommend to approve the application. Signature and date | ||
| Reviewer: Signature and date | |||
| Approver: signature and date | |||
| Municipal Leader in Charge | Signature and date | ||