Borrower (Full Name): Kunming Shenghuo Pharmaceutics (Group) Co., Ltd.
Lender (Full Name): Agricultural Bank of China, Kunming Shuanglong Sub-Branch
Pursuant to the relevant PRC laws and regulations, the two parties, following consultations, mutually agree to
enter into this Contract (“Contract”) as follows.
Article 1 Loan
1. Type of loan: Loan toward current capital
2. Purpose of loan: Purchase raw (auxiliary) material
3. Currency and amount of loan (in Capital): RMB FIFTY MILLION YUAN
4. Term of loan
(1) As shown in the following table:
(In case of insufficient space therein, additional paper can be attached thereto as supplement to form an integral
5. Loan Interest Rate
The interest rate of loans in RMB is determined as per Method / below:
The loan interest rate floats by 10% based on the benchmark interest rate, and it executes the annual interest rate
of 5.40 %. The benchmark interest rate for loans with a term of five years or less shall be the benchmark RMB
interest rate for the same term announced by the People’s Bank of China, while that for loans with a term of more
than five years shall be the above benchmark interest rate plus _______/______ (in words) percentage point(s).
Adjustment to the interest rate shall be made once in every TWELVE -month period. In case of adjustment made
to benchmark RMB interest rate by the People’s Bank of China, the Borrower shall, starting from the
corresponding day of loan in the first month of the next 12-month period after the adjustment, pay interest
according to the adjusted benchmark interest rate for the relevant term and the new interest rate determined as
per the above calculation method, without further notice. If the adjustment day o