EX-10.13
EX-10.13
LOAN AGREEMENT
THIS LOAN AGREEMENT (“Agreement”) is entered into as of April 1, 2026, by and between Cheetah Net Supply Chain Service Inc., a North Carolina corporation (“Lender”), and Hongkong Sanyou Petroleum Co Limited. (“Borrower”).
RECITALS
Borrower desires to borrow from Lender, and Lender agrees to loan to Borrower, the Loan amounts described below.
NOW, THEREFORE, Lender and Borrower agree as follows:
| 1. | LOAN |
1.1****Loan. Lender agrees to lend to Borrower and Borrower agrees to borrow from Lender the principal amount of Five Hundred Thousand Dollars ($500,000) (the “Loan”).
*1.2***Interest.**Except as provided in Section 1.4, the Loan shall bear interest at an annual rate of 5%, calculated on the basis of a 360-day year for the actual number of days for which interest is calculated..
1.3****Payment Schedule. The Borrower shall repay the Loan and the Interest in a single lump sum on the date twelve months after the Lender has disbursed the Loan (the "Maturity Date").
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