Document:

f10k2011ex10xxvi_chinaginsen.htm

Exhibit 10.26

Description of Oral Amendment of Loan Agreement

Loan agreement:

On March 2, 2010, the Company purchased a production factory of ginseng beverage for total consideration of 9,000,000 RMB. In order to pay the seller, the Company obtained an 8 million RMB (about USD $1,203,312) bank loan from Meihekou City Rural Credit Union on September 10, 2010. The principal terms of the 8 million RMB bank loan agreement are as follows:

	
· 

	
Parties: Ganzhi Ginseng Products Co., Ltd (“Ganzhi”) and Meihekou City Rural Credit Union (“Meihekou Credit Union”);

	
· 

	
Meihekou Credit Union granted a loan of 8 million RMB (about USD $ 1,203,312) to Ganzhi to be used to pay off its debt and the term of the loan is 23 months from September 10, 2010 to August 10, 2012;

	
· 

	
The loan carries an annual floating rate equals to 90% of the benchmark interest rate.  The benchmark interest rate is the rate announced by the People’s Bank of China as an interest rate of same type and class of loans at the date of the loan and changes with the adjustment of national bank rate.  Meihekou Credit Union calculates the interest on a monthly basis applying this annual floating rate which is payable on the 21st day of each month. The Company is current on the payment of the interest;

	
· 

	
The payment shall be made in the order of loan expense, interest and principal. Ganzhi shall pay 1,600,000 RMB (about USD $240,662) principal on August 10, 2011 and the rest of principal of 6,400,000 RMB (about USD $962,650) on August 10, 2012.

Ganzhi is currently in default on paying the 1,600,000 RMB principal.

Oral Amendment of Loan Agreement:

Meihekou Credit Union and Ganzhi have orally agreed on August 10, 2011 that the due day of paying the 1,600,000 RMB principal shall be extended to August 10, 2012.

I hereby confirm that the above description is true and accurate:

/s/ Liu, Changzhen

Liu, Changzhen

Dated: October 10, 2011f10k2011ex10xxvii_chinaginse.htm

Exhibit 10.27

 

Description of Oral Voting Agreement

Voting Agreement:

From 2002 to 2007, Mr. Changzhen Liu’s relatives and friends purchased a total number of 9,550,200 shares of China Ginseng Holding Inc.’s common stock in Regulation S Private Placements. Those shareholders orally entrusted Mr. Liu with the voting power of the shares they own. Below is a list of the shares:

 

	  	
Name

	
Share Numbers

	
Time of Purchase

	
Relationship with Mr. Liu

	
1

	
Cheng, Lu

	
60,500

	
9/15/2002

	
Friend

	
2

	
Huang, Guizhen

	
121,000

	
9/15/2002

	
Friend

	
3

	
Kong, Fancai

	
157,300

	
9/15/2002

	
Relative

	
4

	
Wang, Hong

	
84,700

	
9/15/2002

	
Friend

	
5

	
Yang, Weijing

	
36,300

	
9/15/2002

	
Friend

	
6

	
Wang, Jun

	
6,050

	
9/15/2002

	
Friend

	
7

	
Dong, Lihua

	
12,100

	
9/15/2002

	
Friend

	
8

	
Kong, Fanping

	
289,300

	
9/15/2002

	
Relative

	
9

	
Kong, Xiangli

	
12,100

	
9/15/2002

	
Relative

	
10

	
Liu, Changfu

	
24,200

	
9/15/2002

	
Relative

	
11

	
Wen, Xiping

	
20,000

	
2006-6-26

	
Friend

	
12

	
Song, Yajie

	
20,000

	
2006-6-26

	
Friend

	
13

	
Bao, Lina

	
15,000

	
2006-6-26

	
Friend

	
14

	
Xu, Quanmei

	
10,000

	
2006-6-26

	
Friend

	
15

	
Wu, Jinghua

	
15,000

	
2006-6-26

	
Friend

	
16

	
Gao, Yuelan

	
30,000

	
2006-6-26

	
Friend

	
17

	
Gao, Yueping

	
20,000

	
2006-6-26

	
Friend

	
18

	
Zheng, Shu’e

	
20,000

	
2006-6-26

	
Friend

	
19

	
Chen, Hui

	
10,000

	
2006-6-26

	
Friend

	
20

	
Cong, Jie

	
20,000

	
2006-6-26

	
Friend

	
21

	
Teng, Zhaogui

	
10,000

	
2006-6-26

	
Friend

	
22

	
Wang, Shuxian

	
10,000

	
2006-6-26

	
Friend

	
23

	
Wang, Haoyu

	
10,000

	
2006-6-26

	
Friend

	
24

	
Feng, Lixia

	
10,000

	
2006-6-26

	
Friend

	
25

	
Li, Chunsheng

	
10,000

	
2006-6-23

	
Friend

	
26

	
Zhou, Junchao

	
10,000

	
2006-6-26

	
Friend

	
27

	
Chen, Hexin

	
10,000

	
2006-6-26

	
Friend

	
28

	
Tian, Jun

	
10,000

	
2006-6-26

	
Friend

	
29

	
Chen, Yuxiang

	
40,000

	
2006-6-26

	
Friend

	
30

	
Guan, Shangjun

	
10,000

	
7/25/2006

	
Friend

	
31

	
Li, Na

	
20,000

	
7/25/2006

	
Friend

	
32

	
Wei, Hong

	
20,000

	
7/25/2006

	
Friend

	
33

	
Li, Guangzhen

	
30,000

	
7/25/2006

	
Friend

	
34

	
Hua, Yuyou

	
20,000

	
7/25/2006

	
Friend

	
35

	
Xu, Ling

	
10,000

	
7/25/2006

	
Friend

	
36

	
Lu, Guoming

	
20,000

	
9/27/2006

	
Friend

	
37

	
Liang, Wenyue

	
10,000

	
11/18/2006

	
Friend

	
38

	
Yang, Guirong

	
10,000

	
11/18/2006

	
Friend

	
39

	
Liu, Siqi

	
10,000

	
11/18/2006

	
Friend

	
40

	
Sui, Mingyi

	
10,000

	
11/18/2006

	
Friend

	
41

	
Fan, Guirong

	
10,000

	
11/18/2006

	
Friend

 

  

  

  

 

	
42

	
Wu, Fujuan

	
10,000

	
11/18/2006

	
Friend

	
43

	
Ji, Bo

	
10,000

	
11/18/2006

	
Friend

	
44

	
Zhang, Yumei

	
10,000

	
11/18/2006

	
Friend

	
45

	
Cheng, Jinman

	
10,000

	
11/18/2006

	
Friend

	
46

	
Geng, Bin

	
10,000

	
11/18/2006

	
Friend

	
47

	
Feng, Jinxia

	
10,000

	
11/18/2006

	
Friend

	
48

	
Kong, Fanfu

	
10,000

	
11/18/2006

	
Relative

	
49

	
Xia, Hailan

	
20,000

	
10/13/2007

	
Friend

	
50

	
Xu, Yiwen

	
35,000

	
10/20/2007

	
Relative

	
51

	
Li, Xinggang

	
494,000

	
11/19/2006

	
Relative

	
52

	
Kong, Fanmin

	
100,000

	
11/18/2006

	
Relative

	
53

	
Kong, Guiwu

	
20,000

	
11/21/2006

	
Friend

	
54

	
Mi, Shunyun

	
10,000

	
11/21/2006

	
Friend

	
55

	
Guo, Shengmei

	
10,000

	
11/21/2006

	
Friend

	
56

	
Li, Peizeng

	
223,000

	
9/15/2002

	
Friend

	
57

	
Li, Rong

	
20,000

	
8/9/2007

	
Friend

	
58

	
Ying, Xianping

	
10,000

	
8/9/2007

	
Friend

	
59

	
Li, Feng

	
10,000

	
8/9/2007

	
Friend

	
60

	
Sun, Shanzhi

	
20,000

	
8/9/2007

	
Relative

	
61

	
Zhang, Qiuhua

	
20,000

	
8/9/2007

	
Relative

	
62

	
Wu, Jingbo

	
10,000

	
8/9/2007

	
Relative

	
63

	
Wang, Jun

	
10,000

	
8/9/2007

	
Friend

	
64

	
Li, Shichun

	
10,000

	
8/9/2007

	
Friend

	
65

	
Li, Yuxiang

	
10,000

	
8/9/2007

	
Friend

	
66

	
Yu, Rongfang

	
1,000

	
5/15/2003

	
Friend

	
67

	
Wang, Ziyu

	
90,000

	
2006-6-26

	
Friend

	
68

	
Gao, Lijuan

	
50,000

	
2006-6-26

	
Friend

	
69

	
Ying, Xiuyan

	
50,000

	
2006-6-26

	
Friend

	
70

	
Wu, Jingbin

	
60,000

	
2006-6-26

	
Friend

	
71

	
Wang, Junsheng

	
50,000

	
2006-6-26

	
Friend

	
72

	
Wang, Yihua

	
30,000

	
2007-8-9

	
Friend

	
73

	
Xu, Hua

	
10,000

	
2007-8-9

	
Friend

	
74

	
Liu, Yiqing

	
90,300

	
2007-8-9

	
Friend

	
75

	
Yang, Yuzhen

	
55,000

	
2007-8-9

	
Friend

	
76

	
Zhou, Jinhe

	
10,000

	
2007-8-9

	
Friend

	
77

	
Chu, Mei

	
32,000

	
2007-8-9

	
Friend

	
78

	
Lai, Junda

	
20,000

	
2007-8-9

	
Friend

	
79

	
Sui, Fenglan

	
5,000

	
2007-8-9

	
Friend

	
80

	
Du, Xiulan

	
5,000

	
2007-8-9

	
Friend

	
81

	
Zhang, Xiaotong

	
5,000

	
2007-8-9

	
Friend

	
82

	
Zeng, Yan

	
5,000

	
2007-8-9

	
Friend

	
83

	
Lin, Jian

	
5,000

	
2007-8-9

	
Friend

	
84

	
Tao, Yuan

	
1,900

	
5/15/2003

	
Friend

	
85

	
Zhang, He

	
36,300

	
5/15/2003

	
Friend

	
86

	
Zhang, Zhongyuan

	
121,000

	
5/15/2003

	
Friend

	
87

	
Liu, Yufu

	
121,000

	
5/15/2003

	
Friend

	
88

	
Liu, Yongbo

	
24,200

	
8/31/2007

	
Friend

	
89

	
Zheng, Xiuhua

	
121,000

	
5/15/2003

	
Friend

	
90

	
Liu, Libo

	
258,500

	
5/15/2003

	
Relative

	
91

	
Wang, Fengyi

	
242,000

	
5/15/2003

	
Relative

 

  

  

  

 

	
92

	
Liu, Fang

	
133,100

	
5/15/2003

	
Relative

	
93

	
Liu, Gui

	
121,000

	
5/15/2003

	
Relative

	
94

	
Liu, Guiqin

	
18,150

	
5/15/2003

	
Relative

	
95

	
Tian, Xiuping

	
24,200

	
5/15/2003

	
Relative

	
96

	
Huang, Xiuyun

	
302,500

	
2003/6/26

	
Relative

	
97

	
Yu, Baoping

	
18,150

	
2003/6/26

	
Friend

	
98

	
Jia, Shufeng

	
212,300

	
2003/6/26

	
Friend

	
99

	
Liu, Yiwei

	
12,100

	
2003/6/26

	
Friend

	
100

	
Liu, Na

	
12,100

	
2003/6/26

	
Relative

	
101

	
Fu, Deyun

	
35,200

	
2003/6/26

	
Relative

	
102

	
Li, Chunyan

	
24,200

	
2003/6/26

	
Relative

	
103

	
Wang, Xiying

	
11,000

	
2003/6/26

	
Relative

	
104

	
Wen, Yan

	
71,500

	
2003/6/26

	
Friend

	
105

	
Jia, Shengxi

	
16,500

	
2003/6/26

	
Friend

	
106

	
Ren, Shengbin

	
77,000

	
2003/6/26

	
Friend

	
107

	
Feng, Lijun

	
187,000

	
2003/6/26

	
Friend

	
108

	
Kong, Xiangju

	
60,500

	
2003/6/26

	
Relative

	
109

	
Ren, Shengwu

	
38,500

	
2003/6/26

	
Friend

	
110

	
Kong, Fanqin

	
11,000

	
2003/6/26

	
Relative

	
111

	
Han, Gaojin

	
11,000

	
2003/6/26

	
Relative

	
112

	
Han, Tieyan

	
11,000

	
2003/6/26

	
Relative

	
113

	
Liu, Yaqin

	
22,000

	
2003/6/26

	
Relative

	
114

	
Zhang, Yufang

	
11,000

	
2003/6/26

	
Friend

	
115

	
Liu, Jiafan

	
11,000

	
2003/6/26

	
Friend

	
116

	
An, Limin

	
11,000

	
2003/6/26

	
Friend

	
117

	
Li, Ying

	
11,000

	
2003/6/26

	
Friend

	
118

	
Gao, Zaifei

	
11,000

	
2003/6/26

	
Friend

	
119

	
Duan, Jiaying

	
33,000

	
8/31/2007

	
Friend

	
120

	
Chen, Hongming

	
11,000

	
2003/6/26

	
Friend

	
121

	
Shao, Changmei

	
27,500

	
2003/6/26

	
Friend

	
122

	
Li, Yueming

	
11,000

	
2003/6/26

	
Friend

	
123

	
Liu, Xiaodong

	
22,000

	
2003/6/26

	
Friend

	
124

	
Wang, Yuanhai

	
133,100

	
2003/6/26

	
Friend

	
125

	
Hao, Lijing

	
6,050

	
2003/6/26

	
Friend

	
126

	
Pang, Hong

	
110,000

	
2003/6/26

	
Friend

	
127

	
Dong, Fengmei

	
10,000

	
8/9/2007

	
Friend

	
128

	
Liu, Yiqing

	
19,700

	
8/9/2007

	
Friend

	
129

	
Xu, Xiangjing

	
5,000

	
8/9/2007

	
Friend

	
130

	
Mu, Shuxian

	
5,000

	
8/9/2007

	
Friend

	
131

	
Zhang, Jian

	
40,000

	
8/9/2007

	
Friend

	
132

	
Chen, Lianping

	
10,000

	
8/9/2007

	
Friend

	
133

	
Wang, Ying

	
10,000

	
8/9/2007

	
Friend

	
134

	
Jia, Shuping

	
10,000

	
8/9/2007

	
Friend

	
135

	
Qian, Yuxiang

	
20,000

	
8/9/2007

	
Friend

	
136

	
Song, Ruojia

	
100,000

	
8/9/2007

	
Friend

	
137

	
Zhu, Guiying

	
10,000

	
8/9/2007

	
Friend

	
138

	
Wu, Xiumin

	
10,000

	
8/9/2007

	
Friend

	
139

	
Wang, Shaocheng

	
1,300

	
8/9/2007

	
Friend

	
140

	
Kong, Fanmin

	
200,000

	
11/18/2006

	
Relative

	
141

	
Qi, Li

	
308,000

	
2003/6/26

	
Friend

 

  

  

  

 

	
142

	
Li, Guirong

	
11,000

	
2003/6/26

	
Friend

	
143

	
Lin, Liyan

	
22,000

	
2003/6/26

	
Friend

	
144

	
Yang, Yanling

	
11,000

	
2003/6/26

	
Friend

	
145

	
Wang, Xiyan

	
11,000

	
2003/6/26

	
Friend

	
146

	
Hu, Liping

	
22,000

	
2003/6/26

	
Friend

	
147

	
Dong, Yuguo

	
70,400

	
2003/6/26

	
Friend

	
148

	
Li, Haiyan

	
33,000

	
2003/6/26

	
Friend

	
149

	
Li, Haijing

	
176,000

	
2003/6/26

	
Friend

	
150

	
Kong, Fanrong

	
1,170,400

	
2003/6/26

	
Relative

	
151

	
Yang, Lizhen

	
175,000

	
8/9/2007

	
Friend

	
152

	
Liang, Xiaojie

	
1,000

	
2003/6/26

	
Relative

	
153

	
Zhu, Jian

	
200,000

	
2003/6/26

	
Friend

	
154

	
Zhang, Zhongzheng

	
100,000

	
4/30/2005

	
Friend

	
155

	
Huang, Xiuyun

	
50,000

	
8/28/2006

	
Friend

	
156

	
Wei, Xiuzhen

	
50,000

	
9/23/2006

	
Friend

	
157

	
Tian, Xiuling

	
70,000

	
11/18/2006

	
Friend

	
158

	
Tian, Lin

	
40,000

	
11/18/2006

	
Friend

	
159

	
Cheng, Hong

	
30,000

	
11/18/2006

	
Friend

	
160

	
Wang, Jing

	
20,000

	
11/18/2006

	
Friend

	
161

	
Jiang, Yunhua

	
20,000

	
11/18/2006

	
Friend

	
162

	
Lin, Yinnan

	
15,000

	
11/18/2006

	
Friend

	
163

	
Jin, Xianrong

	
5,000

	
11/18/2006

	
Friend

	
164

	
Ma, Hongwei

	
45,000

	
12/17/2006

	
Friend

	
165

	
Shi, Xiaoming

	
15,000

	
12/17/2006

	
Friend

	
166

	
Li, Li

	
10,000

	
12/17/2006

	
Friend

	
167

	
Liu, Li

	
10,000

	
12/17/2006

	
Friend

	
168

	
Wang, Hongjuan

	
20,000

	
12/17/2006

	
Friend

	
169

	
Liu, Yu

	
70,000

	
12/17/2006

	
Friend

	
170

	
Fu, Derong

	
10,000

	
12/17/2006

	
Friend

	
171

	
Cong, Jie

	
20,000

	
1/9/2007

	
Friend

	
172

	
Wei, Hong

	
60,000

	
1/9/2007

	
Friend

	
173

	
Jiang, Yong

	
10,000

	
1/9/2007

	
Friend

	
174

	
Ma, Hongyan

	
10,000

	
1/9/2007

	
Friend

	
175

	
Chen, Xu

	
10,000

	
1/9/2007

	
Friend

	
176

	
Liu, Jianjun

	
6,000

	
1/9/2007

	
Friend

	
177

	
Kong, Xianghui

	
10,000

	
1/9/2007

	
Relative

	
178

	
Fan, Ziqin

	
10,000

	
1/9/2007

	
Friend

	
179

	
Chen, Hongming

	
10,000

	
1/9/2007

	
Friend

	
180

	
Li, Hongke

	
30,000

	
1/9/2007

	
Friend

	
181

	
Li, Haitao

	
20,000

	
1/9/2007

	
Friend

	
182

	
Ni, Xuefa

	
20,000

	
12/14/2006

	
Friend

	
183

	
Li, Shichun

	
50,000

	
1/22/2007

	
Friend

	
184

	
Wang, Jian

	
20,000

	
1/23/2007

	
Friend

	
185

	
Liu, Tiezheng

	
10,000

	
2/25/2007

	
Friend

	
186

	
Song, Lizhen

	
24,000

	
3/7/2007

	
Friend

	
187

	
Song, Lizhen

	
26,000

	
4/4/2007

	
Friend

	
188

	
Li, Xu

	
10,000

	
4/24/2007

	
Friend

	
189

	
Xu, Manhua

	
5,000

	
5/9/2007

	
Friend

 

  

  

  

 

	
190

	
Zhang, Xianzhong

	
5,000

	
7/5/2007

	
Friend

	
191

	
Wang, Fengkai

	
10,000

	
8/28/2007

	
Friend

	
192

	
Bian, Huanru

	
5,000

	
9/6/2007

	
Friend

	
193

	
Liu, Changjuan

	
20,000

	
9/20/2007

	
Relative

	
194

	
Han, Guijuan

	
10,000

	
9/20/2007

	
Friend

	
195

	
Han, Meiju

	
5,000

	
9/20/2007

	
Friend

	
196

	
Liu, Shuyan

	
10,000

	
10/9/2007

	
Friend

	
197

	
Yu, Jinmei

	
20,000

	
10/9/2007

	
Friend

	
198

	
Lan, Weibing

	
10,000

	
12/10/2007

	
Friend

	
199

	
Zhao, Zhigang

	
14,000

	
4/30/2005

	
Friend

	
200

	
Liu, Kejian

	
115,000

	
4/30/2005

	
Friend

	  	
Total

	
9,550,200

	  	  

I hereby confirm that the above description is true and accurate:

/s/ Liu, Changzhen

Liu, Changzhen

Dated: October 10, 2011

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}]]