EX-10.10 2 f10k2020ex10-10_chinapharm.htm LOANS EXTENSION CONFIRMATION LETTER, DATED DECEMBER 31, 2020, BETWEEN THE COMPANY AND HEUNG MEI TSUI CONFIRMING THE EXTENSION OF THE LOANS

Exhibit 10.10

 

Loans Extension Confirmation Letter

 

Reference is made to the loans from Ms. Heung Mei Tsui to China Pharma Holdings, Inc. (the “Company”), the principal and accumulated interest totaled USD1,480,054 and USD1,354,567 respectively as of December 31, 2020 and 2019. Due to the fact the Company temporarily did not have enough balance in its oversea account to repay the loans, both Ms. Tsui and the Company agreed to extend the loans to December 31, 2021, by which date the Company shall repay the principal and accumulated interest.

 

  Lender:  /s/ Heung Mei Tsui

 

  Borrower:  China Pharma Holdings, Inc.

 

  By: /s/ Zhilin Li, President & CEO

 

  Date:  December 31, 2020