EX-10.16 8 fs42018a1ex10-16_bison.htm BRIDGE LOAN AGREEMENT BY AND BETWEEN XYNOMIC PHARMACEUTICALS, INC., A WYOMING CORPORATION, AND YINGLIN MARK XU DATED AS OF AUGUST 15, 2017

Exhibit 10.16

 

Bridge Loan Agreement

 

This Agreement (the “Agreement”) is made and entered into effective as of August 15, 2017 (the “Effective Date”) by and between Xynomic Pharmaceuticals, Inc., a Wyoming corporation (“Xynomic”) and Mr. Yinglin Mark Xu (“Xu”) residing at 2842 Catalino St, San Mateo, CA 94403, US. Xynomic and Xu are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”

 

Xynomic wishes to periodically borrow loans from Xu to fund its daily operations and Xu is able and willing to provide such loans. Xu agrees to provide the funding promptly upon receiving reasonable and advanced notice from Xynomic. Xynomic agrees to pay back the loan in full plus interest (with 2.00% annualized interest rate) no later than December 31, 2018.

 

This Agreement is executed by the authorized representatives of the Parties as of the date first written above.

 

Xynomic Pharmaceuticals, Inc.  
     
By: /s/ Yinglin Mark Xu  
Name:   Yinglin Mark Xu  
Title:   Chairman, CEO & President  

 

Yinglin Mark Xu  
     
By: /s/ Yinglin Mark Xu  
Name: Yinglin Mark Xu  
Title: Self