Loan Agreement between Zhilin Li and Hainan Helpson Medical & Biotechnology Co., Ltd. dated July 8, 2019
This agreement is between Zhilin Li and Hainan Helpson Medical & Biotechnology Co., Ltd. Zhilin Li agrees to lend the company RMB 4.77 million at an annual interest rate of 4.35%. The loan term is one year, starting July 8, 2019. The company will repay the principal and interest as its financial situation allows, ensuring repayments do not disrupt its business operations, until the full amount is paid back.
Exhibit 10.1
Certain information as identified with “[XXX]” has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the registrant if publicly disclosed.
LOAN AGREEMENT
Party A: Zhilin Li ID Number: [XXX]
Party B: Hainan Helpson Medical & Biotechnology Co., Ltd.
The two parties above have reached the following agreements with regards to a loan based on equality, voluntariness and consensus.
| 1. | Party A agrees to lend Party B a loan of RMB￥4.77 million, and will release the funds in full amount by July 9, 2019. |
| 2. | Interest of the loan: 4.35% per annum (the benchmark interest rate for one-year loans) |
| 3. | Term of the loan: one year |
| 4. | Date and method of repayment: according to its financial conditions, Party B should pay back the principal and interest of the loan from time to time without affecting its production and operation, until all principal and interest are paid off. |
| Party A (Signature & Seal): | /s/ Zhilin Li | Date: July 8, 2019 |
| Party B (Signature & Seal): | The Seal of Hainan Helpson | Date: July 8, 2019 |
| Medical & Biotechnology Co., Ltd. is affixed |
