English translation of the Loan Agreement between the Company and Zhilin Li dated July 8, 2019
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EX-10.1 2 f10q0619ex10-1_chinapharma.htm ENGLISH TRANSLATION OF THE LOAN AGREEMENT BETWEEN THE COMPANY AND ZHILIN LI DATED JULY 8, 2019
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 |
