Documents have surfaced purporting to be a Loan Agreement between Jonathan Xiangsheng Li, CEO of Bohai Capital, and Hunter Biden for approximately one-third of the amount he needed to purchase a 10 percent stake in Bohai Harvest RST, a Chinese venture capital firm.
From the time BHR was registered in December 2013 until July 2017, the document states that Hunter Biden paid two-thirds of his capital obligation to the company.
For some reason Hunter couldn't come up with the dough, so the CEO of state-owned Bohai Capital helped him out.
It's interesting that this document notes that on the date BHR was founded, in December 2013, Hunter Biden owned a 10 percent stake.
Also interesting is the "Event of Default" clause, which states that "If Skaneateles ceases to be wholly-owned and controlled by Mr. Biden and /or Mr Schwerin," Hunter Biden is considered to be in default.
The Original Lender and the Borrowers entered into a loan agreement dated June 30, 2017 pursuant to which it was agreed that the Original Lender would make certain advances to Skaneateles for the purpose of funding its registered capital obligations to BHR;. the Original Lender did not have sufficient funds to make the entire Loan as stipulated in the Loan Agreement and the New Lender stepped in to make a direct loan to the Borrowers in the amount of US$158,000 on December 4, 2017;.
Were these "Loans" ever repaid by Skaneateles/Hunter Biden, or is Hunter Biden literally indebted to China?
Monday, October 26, 2020
NEW DOCS: Hunter Biden Received Loan From Chinese CEO to Purchase Stake in Chinese Venture Fund
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