Sample of IOUs for Personal Borrowing from the Company

Legal analysis: IOU format: loan contract, IOU, IOU format for companies and individuals, Lender: Borrower: legal address and postal code: actual business place and postal code: legal representative: telephone and fax: mobile phone: guarantor: legal address and postal code: actual address and postal code: Lender: Borrower: signature and seal.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 668 A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.