Asia Leechdom Holding COrporation: Exhibit 10.14 - Filed by newsfilecorp.com






Exhibit 10.14

Tianjin Binhai Rural Commercial Bank 

Short-Term Credit Facility Contract 

Contract Number: Binhai Current Fund No. 2010-029 

Credit: Tianjin Binhai Rural Commercial Bank Ningfa
Sub-branch 
Address: No. 22, Binshui Road, Nankai District, Tianjin 
Post
Code: 300381 
Telex: 
Telephone: 23955713 
Fax: 

Debit: Tianjin BOAI Pharmaceutical Co, Ltd. 
Address:
No. 55, Miyun Road, Nankai District 
Post Code: 300111 
Telex:

Telephone: 27640192 
Fax: 27640192 

List of Details 


	Amount of the Loan 	10million RMB (¥10,000,000) 
	Term of the Loan 	commence on Feb. 10, 2010 (M,D,Y) for a
      twelve-month term ending at Jan. 28, 2011 (M,D,Y) 
	Annual Interest Rate 	an increase of 10% on the basic of national
      benchmark interest rate 



Article 8 Liability for Breach of Contract 

	1. 	
      Shall constitute a breach of contract when any of the
      following conditions occurs by the Debit: 

		
      (1). 
	
      when not repaying principals and interests of the loan
      according to contractual specifications on time; 

		
      (2). 
	
      when violating the statement and guarantee appointed by
      Article 8 of the Contract; 

		
      (3). 
	
      When violating appointments made by other articles of the
      Contract; 

	2. 	
      The Credit has the right to carry out one or various
      measures in the event of breach of contract:  

	 	
      (1). 
	
      remedy the breach within a time limit; 

		
      (2). 
	
      stop the Debit from withdrawing the funds; 

	 	
      (3). 
	
      terminate the loan contract, and require the Debit to
      repay principals and interests in arrears due or not yet due; 

		
      (4). 
	
      Require the Debit pay for the penalty for delay provided
      that the loan is overdue; 








	
      

      
	
      (5). 
	
      require the Debit pay for the penalty of
      defalcation provided that they appropriate the loan; 

	
       
	
      (6). 
	
      require the Debit pay for compound interests of the
      interest unpaid; 

	
      

      

      
	
      (7). 
	
      deduct the amount equal to principals and interests from
      all accounts of the Debit, who has the right to repay the loan according
      to the loan currency converted at exchange price quotation on the day;
    

	
      

      
	
      (8). 
	
      claim compensation for principals and interests of the
      loan by legal means, and all fees caused by litigious activities should be
      borne by the Debit. 

	
      3. 
	
      
      
The Credit shall indemnify for the losses in the event
      that they do not provide the loan according to the date and amount
      appointed and cause losses of the Debit. 

	
      4. 
	
      
      
The Credit has the right to adopt any measure in the
      event that any incident occurred by the guarantors (namely warrantors,
      mortgagers, pledgeors) hereunder. 

	
      

      

      
	
      (1). 
	
      when guarantors violate the stipulations of the
      guarantee contract, or credit status turns for the worse, or other events
      which represent decline of the guarantee ability; 

	
      

      

      
	
      (2). 
	
      when mortgagers violate the stipulations of the mortgage
      contract, or damage mortgages on purpose, or the mortgages have
      significantly reduced, or other events occur which may be harmful to
      mortgage holdings of the Credit; 

	
      

      

      

      
	
      (3). 
	
      when pledgeors violate the stipulations of the
      pledge contract, or the value of pledged properties have or may have
      significantly reduced, or rights of pledge need to be realized prior to the
      loan has been repaid totally, or other events occur which may be harmful
      to pledge rights of the Credit.