Document:

China Biologic Products, Inc. - Exhibit 10.4 - Prepared By TNT Filings
Inc.

  

Exhibit 10.4

English Translation of 

Amendment to the Equity Transfer Agreement 

Parties 

Party A: 

	
  
  Fan Shaowen, Chinese National ID Number:
  51010319530317097X 

  Address: 10 University Road, Building 7, Unit 2, #5, Wuhou District, Chendu
  

 

  	
  
  Chen Aimin, Chinese National ID Number:
  510103195503280962 

  Address: 9 Guanghua Street, Unit 2, #7, Jinjiang District, Chendu 

 

  	
  
  Chen Aiguo, Chinese National ID Number:
  510202195304160027 

  Address: 11 Linshi Xiang, #5 (1-2), Yuzhong District, Chongqing 

 

  	
  
  Yang Gang, Chinese National ID Number:
  512901196405130415 

  Address: 16 Guojiaqiaozheng Street, Building 1, 9th Floor, #4, Wuhou District,
  Chendu 

Party B: 

	LOGIC EXPRESS LTD ("Logic")
  

  Address: Drake Chambers, Road Town, Tortola, British Virgin Islands 

  Authorized Representative: Zhao Chaoming, Chief Executive Officer 

Party C: Chongqing Dalin Biologic Technology Co., Ltd (hereinafter "Party C")

Address: Room 1-2 Unit 5 No 11 Lingshi Street Yuzhong
District Chongqing 

Legal Representative: Fan Shaowen, Chairman of the Board 

WHEREAS on September 26, 2008, Logic entered into an equity transfer
agreement (the "Equity Transfer Agreement") with Party C. 

NOW THEREFORE the Parties to this Amendment, through amicable
consultation based on the principle of mutual cooperation and benefit, in order
to further specify the rights and obligations of the Parties and to ensure a
successful and smooth equity transfer registration (the "Registration") with the
Administration of Industry and Commerce ("AIC"), hereby agree as follows: 

I. 

Section 1-2.1 of the Equity
Transfer Agreement reads, 

"Both Parties agree that Party A must
not, prior to such equity transfer is registered with local AIC, distribute in
name of Party C the undistributed profits (including the as-audited
undistributed profits in Qianfeng Co as of June 30, 2008 (as shown in the Audit
Report Su Gong S[2008]E7037, which is attached as Exhibit I)) to which Party C
is entitled from Qianfeng Co., and such undistributed profits should remain with
Qianfeng Co. and be enjoyed by Party C after such equity transfer." 

1 

The section is now amended as below, 

"The undistributed profits as of
September 30, 2008 should remain with Qianfeng and be distributed to the
post-Equity Transfer shareholders of Party C. The net income generated by
Qianfeng between October 1, 2008 and December 31, 2008 shall be distributed to
the pre-Equity Transfer shareholders of Party C. The amounts shall be calculated
on the basis of the audited results acceptable to the parties." 

II. 

Section 1-2.2 of the Equity
Transfer Agreement reads: 

"Should Party B fail to pay off 90%
of the transfer price for such equity transfer prior to December 31, 2008, Party
A and Party B will distribute the profits, to which Party C is entitled in
Qianfeng Co., in proportion to the actual transfer price paid by Party B during
the period from July 1, 2008 to the date when the aforementioned price is paid
off; namely, Party B will be entitled to the profits at a ratio that is 90% of
the proportion of its actual payment of the transfer price and Party A will be
entitled to the remaining profits." 

The section is now amended as below: 

"Should Party B pay 90% of the
Transfer Price on or before March 31, 2009, the post-Equity Transfer
shareholders of Party C shall be entitled to Party C's share of profits
generated by Qianfeng after January 1, 2009. Should Party B fail to pay 90% of
the Transfer Price on or before March 31, 2009, Party C's share of profits in Qianfeng (the "Undistributed Profits") between January 1, 2009 and the date
Party B pays off 90% of the Transfer Price shall be distributed to Party A and
Party B on a pro rata basis (determined by the proportions of Party A and Party
B's equity interest in Party C in connection with Party B's actual payment
toward the Transfer Price). Namely, Party B shall be entitled to the
Undistributed Profits multiplied by 90% of the percentage of Party B's actual
payment of the Transfer Price. Party A will be entitled to the remaining
profits. When Party B pays off 90% of the Transfer Price, Party C's share of
profits in Qianfeng shall be distributed to the post-Equity Transfer
shareholders of Party C." 

III. 

Section 1-4.2 of the Equity
Transfer Agreement reads: 

"Within 10 working days of the
completion of due diligence by Party B, Party B should pay Party A 50% of the
transfer price, namely RMB 83,390,000 as the second installment." 

The section is now amended as below, 

"After the execution of this
Amendment and within 3 working days after Party B receives the payment
instruction from Party A, Party B shall pay Party A 50% of the Transfer Price,
namely RMB 83,390,000 as the second installment." 

IV.

 Section 1-4.3 of the
Equity Transfer Agreement reads: 

"Within 10 working days of the
registration with the AIC of such 90% equity interests in Party C previously
held by Party A under the name of Party B, Party B should pay Party A 40% of the
transfer price in amount of RMB 77,760,000." 

2 

The section is now amended as below: 

"Within 10 working days after the
completion of the Registration of the 90% equity interest in Party C under the
name of Party B or under the name of a company designated by Party B, Party B
shall pay Party A 40% of the transfer price in amount of RMB 77,760,000." 

V. 

Pursuant to the
Equity Transfer Agreement, Party B designated Logic Holdings (Hong Kong) Limited
as the assignee to register the 90% equity interest in Party C previously held
by Party A. To ensure smooth transfer and registration, Party A and Party B
agree that Party A and Logic Holdings (Hong Kong) Limited will enter into a
separate equity transfer agreement. This agreement will be entered for the sole
purpose of equity transfer registration. Party A and Party B shall only execute
the Equity Transfer Agreement and this Amendment. 

VI. 

Party A warrants
that Qianfeng's board shall have seven (7) directors, and Zou Shutang, Jiang
Yongzhong, Chen Aimin and Yang Gang from Party C will be directors. Party A
further warrants that A) after the execution of this Amendment, the two
directors of Qianfeng, Zou Shutang and Jiang Yongzhong, shall immediately
authorize Chen Aimin and Yang Gang, respectively, on their behalf, to exercise
all their rights empowered by the board of Qianfeng. The authorization shall
remain effective until Zou Shutang and Jiang Yongzhong' directorship expire and
the authorization is irrevocable; B) after Party B pays the second installment
pursuant to Section 1.4.2 of the Equity Transfer Agreement, Chen Aimin and Yang
Gang shall, at the request of Party B, exercise their rights and obligations in
the board of Qianfeng as well as the rights authorized by Zou Shutang and Jiang
Yongzhong; and C) after Party B pays the second installment pursuant to Section
1.4.2 of the Equity Transfer Agreement, Party C shall promptly propose to
Qianfeng to hold a shareholders' meeting to elect the above-mentioned four
directors recommended by Party B to serve on Qianfeng's board. 

VII. 

Party B will
pledge its 82.76% equity interest ownership in Shandong Taibang Biological
Products, Co. Ltd. to Party A as a guarantee for Party B and Logic Holdings
(Hong Kong) Limited to fulfill their obligations under the Equity Transfer
Agreement and this Amendment. Prior to the registration of Party C's equity
interest by Party B, Party B shall enter into an equity interest pledge
agreement with Party B and provide Party A with all required documents for the
pledge and related registration. 

This Amendment shall be executed in six copies with two copies for each of
Party A, Party B and Party C. This Amendment shall be effective and legally
binding upon execution. 

3 

This Amendment has been duly executed on December 12, 2008 in the city of
Guiyang, Guizhou, PRC. 

The parties hereby execute and attach seals as follows: 

 

Party A: 

/s/ FAN Shaowen 

/s/ CHEN Aimin 

/s/ CHEN Aiguo 

/s/ YANG Gang 

 

Party B: LOGIC EXPRESS LTD 

Representative: /s/ Chao Mingzhao 

 

Party C: 

Legal Representative (Authorized Representative): 

/s/ FAN Shaowen 

(Seal of Chongqing Dalin Biologic Technology Co., Ltd Attached) 

4EX-10.1

SECOND AMENDMENT, dated as of December 12, 2008 (this
“Amendment”), to the Amended and Restated Five-Year Competitive Advance
and Revolving Credit Facility Agreement, dated as of August 9, 2007 (as
amended, restated, modified or supplemented from time to time, the “Credit
Agreement”), among The Hartford Financial Services Group, Inc. (the
“Company”), the Borrowing Subsidiaries from time to time party thereto,
the lenders named therein, and Bank of America, N.A., as administrative
agent for the lenders (the “Administrative Agent”).

WHEREAS, the Company, the Administrative Agent and the Lenders have agreed to amend the Credit
Agreement as set forth below.

NOW, THEREFORE, in consideration of the foregoing and of the mutual agreements set forth
herein, the parties hereto, intending to be legally bound, agree as follows:

SECTION 1. Defined Terms. Each capitalized term used but not defined herein shall
have the meaning assigned to it in the Credit Agreement as amended hereby.

SECTION 2. Amendment to Credit Agreement. Section 5.11(d) of the Credit Agreement
shall be replaced in its entirety by the following:

“(d) any pledge of, or other Lien upon, any assets as security for the
payment of any tax, assessment or other similar charge by any Governmental
Authority or public body, or as security required by law or governmental
regulation as a condition to the transaction of any business or the exercise of
any privilege or right, including pledges of or Liens on assets required by law or
governmental regulation to be granted to secure borrowings by the Company or any
Subsidiary from any Federal Home Loan Bank; provided, that the aggregate
outstanding principal amount of secured Indebtedness permitted under this clause
(d) shall at no time exceed $1,000,000,000;”

SECTION 3. Representations and Warranties. The Company hereby represents and warrants
to each Lender that:

(a) the representations and warranties set forth in Article III of the Credit Agreement are
true and correct in all material respects on and as of the date hereof and after giving effect to
this Amendment, with the same effect as if made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date, in which case they were true
and correct in all material respects as of such earlier date; and

(b) as of the date hereof, no Default or Event of Default has occurred and is continuing.

SECTION 4. Effectiveness. This Amendment shall become effective as of the first date
on which the Administrative Agent shall have received duly executed counterparts hereof that, when
taken together, bear the authorized signatures of the Company and Lenders constituting at least the
Required Lenders.

SECTION 5. Credit Agreement. Except as specifically set forth in this Amendment, the
Credit Agreement shall remain in full force and effect.

SECTION 6. Applicable Law. This Amendment shall be construed in accordance with and
governed by the laws of the State of New York.

SECTION 7. Counterparts. This Amendment may be executed in counterparts, each of
which shall constitute an original but all of which, when taken together, shall constitute a single
contract. Delivery of an executed signature page of this Amendment by facsimile transmission or
other electronic imaging means shall be as effective as delivery of a manually signed counterpart
of this Amendment.

1

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective authorized officers of the day and year first written above.

	 	 	 
	THE HARTFORD FINANCIAL SERVICES GROUP, INC.,

	by: /s/ John N. Giamalis

	
 
	 	Name: John N. Giamalis
	
 
	 	Title: Senior Vice President and

Treasurer

2

	 	 	 
	BANK OF AMERICA, N.A.,
	as Administrative Agent,
	by:	 	/s/ Aamir Saleem
	 	 	Name: Aamir Saleem
	 	 	Title: Vice
	 	 	President

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: ABN AMRO Bank N.V.

by /s/ Andrew C. Salerno

	 	 	 
	 	 	Name:	 	 	Andrew C. Salerno
	 	 	Title: Director
	by1	/s/ Alexander M. Blodi

	 	 	 
	 	 	Name:	 	 	Alexander M. Blodi
	 	 	Title:	 	 	Managing Director

	 	1	 	For any Lender requiring a second signature line.

3

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: Bank of America N.A.

by /s/ Jason Cassity

	 	 	 
	 	 	Name:	 	 	Jason Cassity
	 	 	Title:	 	 	Vice President

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

4

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: The Bank of New York Mellon

by /s/ Richard G. Shaw

	 	 	 
	 	 	Name:	 	 	Richard G. Shaw
	 	 	Title:	 	 	Vice President

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

5

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: The Bank of Tokyo-Mitsubishi UFJ, Ltd.

New York Branch

by /s/ Glenn Schuermann

	 	 	 
	 	 	Name:	 	 	Glenn Schuermann
	 	 	Title:	 	 	Authorized Signatory

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

6

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: Branch Banking and Trust Company

by /s/ Robert M. Searson

	 	 	 
	 	 	Name:	 	 	Robert M. Searson
	 	 	Title:	 	 	Senior Vice President

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

7

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: CITIBANK N.A.

by /s/ Maria Hackley

	 	 	 
	 	 	Name:	 	 	Maria Hackley
	 	 	Title:	 	 	Managing Director

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

8

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: CREDIT SUISSE

by /s/ Jay Chall

	 	 	 
	 	 	 	 	 	Name:Jay Chall
	 	 	 	 	 	Title:Director
	 	 	by1	 	 	/s/ Karl Studer

	 	 	 
	 	 	Name:	 	 	Karl Studer
	 	 	Title:	 	 	Director

	 	1	 	For any Lender requiring a second signature line.

9

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: Deutsche Bank AG New York Branch

by /s/ Richard Herder

	 	 	 
	 	 	 	 	 	Name:Richard Herder
	 	 	 	 	 	Title:Managing Director
	 	 	by1	 	 	/s/ Michael Campites

	 	 	 
	 	 	Name:	 	 	Michael Campites
	 	 	Title:	 	 	Vice President

	 	1	 	For any Lender requiring a second signature line.

10

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: JPMORGAN CHASE BANK, N.A.

by /s/ Melvin D. Jackson

	 	 	 
	 	 	Name:	 	 	Melvin D. Jackson
	 	 	Title:	 	 	Vice President

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

11

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: Lehman Commercial Paper Inc.

by /s/ Frank P. Turner

	 	 	 
	 	 	Name:	 	 	Frank P. Turner
	 	 	Title:	 	 	Authorized Signatory

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

12

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: The Royal Bank of Scotland plc

by /s/ George Urban

	 	 	 
	 	 	Name:	 	 	George Urban
	 	 	Title:	 	 	Vice President

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

13

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: State Street Bank and Trust Company

by /s/ Deirdre M. Holland

	 	 	 
	 	 	Name:	 	 	Deirdre M. Holland
	 	 	Title:	 	 	Vice President

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

14

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

	 	 	 	Name of Lender: SUMITOMO MITSUI BANKING
CORPORATION

by /s/ Yoshihiro Hyakutome

	 	 	 
	 	 	Name:	 	 	Yoshihiro Hyakutome
	 	 	Title:	 	 	General Manager

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

15

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: SunTrust Bank

by W. Bradley Hamilton

	 	 	 
	Name:

Title:

	 	W. Bradley Hamilton

Director

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

16

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: UBS Loan Finance LLC

by /s/ Irja R. Otsa

	 	 	 
	 	 	 	 	 	Name:Irja R. Otsa
	 	 	 	 	 	Title:Associate Director
	 	 	by1	 	 	/s/ Richard L. Tavrow

	 	 	 
	 	 	Name:	 	 	Richard L. Tavrow
	 	 	Title:	 	 	Director

	 	1	 	For any Lender requiring a second signature line.

17

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: Wachovia Bank, National Assocation

by /s/ Michelle Dagenhart

	 	 	 
	 	 	Name:	 	 	Michelle Dagenhart
	 	 	Title:	 	 	Vice President

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

18

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

Name of Lender: Wells Fargo Bank, N.A.

by /s/ David J. Bendel

	 	 	 
	 	 	Name:	 	 	David J. Bendel
	 	 	Title:	 	 	Vice President

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

19

SIGNATURE PAGE TO AMENDMENT DATED AS OF DECEMBER 12, 2008,
TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. AMENDED AND
RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING
CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9, 2007

	 	 	 	Name of Lender: William Street Commitment Corporation
(Recourse only to the assets of William Street Commitment
Corporation)

by /s/ Mark Walton

	 	 	 
	 	 	Name:	 	 	Mark Walton
	 	 	Title:	 	 	Authorized Signatory

by1

Name:

Title:

	 	1	 	For any Lender requiring a second signature line.

20

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