REVOLVING LOAN AGREEMENT
Dated as of 1st January, 2016
Kyowa Hakko Kirin Co., Ltd. (the “Lender”), a corporation organized and existing under the laws of Japan, and THAI KYOWA BIOTECHNOLOGIES CO., LTD. (the “Borrower”), a corporation organized and existing under the laws of Thailand and registered in Thailand under no. 0105555167732 with offices at 399 IRPC Industrial Zone, Moo. 1, Tambon Choengnoen,Amphur Muangrayong, Rayong Province 21000 Thailand., agree as follows: