Exhibit 10.12
LOAN AGREEMENT
Party A (Lender) : Lotus Capital Overseas Limited
Party B (Borrower) : Avalon (Shanghai) Healthcare Technology Co., Ltd.
Guarantor : Wenzhao Lu
The parties shall, in accordance with the principle of equality and voluntariness and good faith, reach the cost contract by consensus and guarantee the execution of the following:
| 1. | Loan amount: Party B borrows two million and one hundred thousand US Dollars from Party A ($2,100,000). |
| 2. | Interest of the Loan: the interest rate of borrowing is 10% annual interest rate, the interest will be pay off in a lump sum at the time of repayment |
| 3. | Transferring of loan: the full amount of loan shall be transferred to an account designated by the borrower after this borrowing agreement signed |
| 4. | Term of borrowing, the term of borrowing is 12 months, start form Apr 19, 2017 to Apr 18, 2018. The borrower shall issue a receipt after receiving the loan which has be of equal effectiveness of this agreement |
| 5. | Method of repayment The loan shall be settled before maturity |
| 6. | The Guarantor Bear Joint and Several Liability guarantees for the borrowing, until borrower to pay off the loan principal and interest |
| 7. | The both parties shall negotiate for the solutions for dispute during the implementation of this agreement |
| 8. | Effective upon the signature of this contract by both parties |
1 | 2 |
| (/Signature) |
| Party A (Lender) : Lotus Capital Overseas Limited |
| Party B (Borrower) : Avalon (Shanghai) Healthcare Technology Co., Ltd. |
| Guarantor : Wenzhao Lu |
| Apr 19, 2017 |
2 | 2 |