Asia Leechdom Holdings Corporation: Exhibit 10.16 - Filed by newsfilecorp.com






Exhibit 10.16

Debit: Tianjin BOAI Pharmaceutical Co. Ltd. 
Credit: Tianjin
Rural Cooperative Bank, Zhexing Branch. 



	
    Amount of Loan 
	
    2,400,000 RMB 

	
    Term of the loan
    
	
    One
      year 

	
    Annual Interest
      Rate 
	
    4.8675‰ 



Chapter 10 Breach of Contract 

Item 38 Any of the following incidents is considered as breach
of contract 

	1. 	Credit did not pay the interest or return the principal on
      schedule as stipulated in contract; 
	2. 	Credit did not spend the loan as stipulated in contract;
  
	3. 	Credit provided lending bank with balance sheet, profit and
      loss table, or other financial sheets , which are false or with important
      facts; refused the supervision or inspection of lending bank on usage of
      loan , manufacturing , management activities and financial conditions;
  
	4. 	Statement, warranty or acceptance made by credit or
      warrantor under the contract , or the statement, warranty or acceptance
      made by warrantor under capital guaranty contract were proved untruthful
      or misleading; 
	5. 	Credit or warrantor breach the contract under other
      contracts. 
	6. 	Management or financial conditions of credit or warrantor
      deteriorate severely; 
	7. 	Devaluation, destroy or loss of collateral, mortgages
      property relating to loan under the contract; 
	8. 	Credit or warrantor did not make repayment arrangements or
      debt restructuring which is satisfactory to lending bank when were merged,
      divided or made joint-stock transformation; 
	9. 	Bankruptcy, dissolution, closure or revocation of credit or
      warrantor; 
	10. 	Credit did not inform lending bank of the following issues
      in time: 
		(1) 	Any major amendments of its constitution or any substantial change of
      its management activities; 
		(2) 	Major amendments of its accounting principle; 
		(3) 	Any major financial, economic or other changes of it, its subsidiary
      or its parent company; 
		(4) 	Any suit, arbitration, or administrative procedure which is related to
      credit and will be unfavorable to credit’s financial conditions and
      fulfillment of obligation according to the contract; 
	11. 	Credit violated any other terms of the contract and failed
      to make satisfactory remedy; 
	12. 	Any other incidents or cases, which are substantially
      unfavorable to rights of lending bank under the contract;



Item 39 Whether the above incidents are breach of contract or
not, the lending bank will do the judgment and inform credit. When any of the
above incident happens, lending bank is entitled to take any following
measurements: 





	1. 	Stop transferring loan under the contract; 
	2. 	Claim that all the loan issued becomes due immediately and demand
      credit to return principal , interest of all the issued loan and other
      payable terms right away; 
	3. 	Demand credit to supplement or replace warrantor, collateral and
      mortgages property; 
	4. 	Deduct any payable terms that credit should pay, yet did not pay, from
      any account opened in credit’s lending bank or any branch within lending
      bank system; 
	5. 	Claim to implement or realize rights under any warranty item relating
      to loan; 
	6. 	Any other measurements which lending bank assume appropriate.