EX-10 17 formsb2a7091206ex10-11.txt Exhibit 10.11 LOAN AGREEMENT BETWEEN: Union Venture Trading S.A. A company incorporated in the British Virgin Islands Having an office at Unit h, 5th Floor, Imperial Building, 58-66 Canton Road, TST Kowloon, Hong Kong SAR (the "Lender") AND Sino Pharmaceuticals Corporation Unit 152, 11782 River Road, Richmond, B.C. V6X 1Z7 Canada (the "Borrower") WHEREAS 1. The Borrower wishes to finance its operations and needs to borrow funds during 2005. 2. The Lender proposes to lend the Borrower the money necessary to finance the Borrower's continued operations. IN ACCORDANCE WITH THE TERMS set out below and for value received, the Lender and the Borrower agree that: 1. The Borrower has received the following total loan amounts from the Lender as at December 31, 2005: Cdn$52,000.00 US$ 820.00 2. The Borrower shall pay back the Loan to the Lender, or to its order, on the first written demand of the Lender, which date shall be at the sole discretion of the Lender. 3. This Loan is issued without any security. 4. The Lender shall telegraphically transfer the total amount of the Loan directly to the Borrower's bank account and the Lender's bank's telegraphic transfer confirmation notice shall be proof of this. 5. Interest on this loan shall be calculated at six percent per annum (6%), commencing from the date of the Borrower's receipt of funds in their bank. 6. The Borrower may prepay the amount owing hereunder, or, any part thereof, at any time without notice, penalty or bonus. 7. The Borrower hereby waives presentment, demand, protest or other notice of any kind in the enforcement of this Agreement. DATED as of the 8th day of January, 2006. SINO PHARMACEUTICALS CORPORATION Per: _/s/_________________________ --- Mahmoud S. Aziz, Authorized Signatory UNION VENTURE TRADING S.A. Per: __/s/_______________________ Au Wai Kwan, Authorized Signatory