AMENDMENT NO. 1 TO CONSORTIUM AGREEMENT

Exhibit 10

AMENDMENT NO. 1 TO CONSORTIUM AGREEMENT

This AMENDMENT NO. 1 TO CONSORTIUM AGREEMENT, dated as of January 23, 2020 (this “Amendment”), is entered by and among Beachhead Holdings Limited (“Beachhead”), Double Double Holdings Limited (“Double Double”), Point Forward Holdings Limited (“Point Forward,” and together with Beachhead and Double Double, collectively, “Centurium”), PW Medtech Group Limited (普华和顺集团公司) (“PWM”), CITIC Capital China Partners IV, L.P., represented by its general partner CCP IV GP Ltd. (“CITIC”), Parfield International Ltd. (“Parfield”), HH Sum-XXII Holdings Limited (“Xxxxxxxxx”) and V-Sciences Investments Pte Ltd (“Temasek,” and together with Centurium, PWM, CITIC, Parfield and Xxxxxxxxx, collectively the “Parties” and each a “Party”).

WHEREAS, on September 18, 0000, Xxxxxxxxx, XXX, XXXXX, Xxxxxxxx, Xxxxxxxxx and Temasek entered into a consortium agreement (the “Original Consortium Agreement” and, as amended by this Amendment and as may be further amended, restated or otherwise modified from time to time, the “Consortium Agreement”) in connection with an acquisition transaction with respect to China Biologic Products Holdings, Inc. (the “Company”), an exempted company organized and existing under the Laws of the Cayman Islands;

WHEREAS, on November 15, 2019, persons listed on Exhibit A to this Amendment (collectively, “Capital”) entered into a share purchase agreement (the “Capital SPA”) with Beachhead and Double Double, pursuant to which Capital agrees to sell to Beachhead and Double Double, and Beachhead and Double Double agree to purchase from Capital, an aggregate number of 4,199,680 Ordinary Shares (the “Capital Shares”);

WHEREAS, on December 9, 2019, the purchase and sale of the Capital Shares were consummated pursuant to the terms of the Capital SPA;

WHEREAS, on the date hereof, Double Double entered into a share purchase agreement (each, a “Centurium SPA”) with each of 2019B Cayman Limited, an Affiliate of CITIC, Xxxxxxxxx and Temasek (each, an “Other Purchaser”), respectively, pursuant to which Double Double agrees to sell to the Other Purchasers, and the Other Purchasers agree to purchase from Double Double, an aggregate number of 727,409 Ordinary Shares, and by executing and delivering this Amendment, each Party acknowledges its consent to the purchase and sale contemplated under each Centurium SPA;

WHEREAS, Beachhead has transferred 901,265 Ordinary Shares to Point Forward Holdings Limited (“Point Forward”), an Affiliate of Beachhead; and

WHEREAS, Section 10.4 of the Original Consortium Agreement provides that neither the Original Consortium Agreement nor any term thereof may be amended or otherwise modified other than by an instrument in writing signed by each of the applicable Parties.

NOW, THEREFORE, the Parties agree to amend the Original Consortium Agreement as follows:

1. Definitions

Unless otherwise specifically defined herein, all capitalized terms used but not defined herein shall have the meanings ascribed to them under the Original Consortium Agreement.

2. Amendments to the Original Consortium Agreement

2.1           An updated Part II of Schedule B to the Consortium Agreement is attached as Annex A hereto reflecting (i) in subpart (A) thereof the Equity Contributions (including Rollover Securities) and Contemplated Ownership Percentages of the Parties immediately prior to the consummation of the transactions contemplated by the Centurium SPAs and (ii) in subpart (B) thereof the Equity Contributions (including Rollover Securities) and Contemplated Ownership Percentages of the Parties immediately after the consummation of the transactions contemplated by the Centurium SPAs.

2.2           Without prejudice to the other provisions of the Consortium Agreement, Centurium, as a representative authorized by the Initial Consortium Members, may, without further action by any other Party, update Schedule B to the Consortium Agreement from time to time to reflect (i) any Transfer of Covered Securities between any existing or future members of the Buyer Consortium or their respective Affiliates permitted under the Consortium Agreement or (ii) any Transfer or acquisition of Covered Securities permitted under the Consortium Agreement (including Section 4.4(a) thereof); provided that (x) the amount of the Equity Contribution (including the number of Rollover Securities) of any Party shall not be changed without the prior consent of such Party; and (y) Centurium, as a representative authorized by the Initial Consortium Members, shall distribute a copy of the updated Schedule B to each Party promptly following each such update. All the references to “Centurium” under the Consortium Agreement shall include Beachhead, Double Double, Point Forward and any of their respective Affiliates who becomes a party to the Consortium Agreement.

2.3           Notwithstanding anything in the Consortium Agreement to the contrary, in the event that the sale and purchase of Ordinary Shares contemplated by any Centurium SPA fails to be consummated for any reason, other than as a result of any breach by the relevant Other Purchaser that is a party to such Centurium SPA, at the request of such Other Purchaser, Centurium and such Other Purchaser shall cooperate in good faith to take such reasonable actions such that the Equity Contribution of such Other Purchaser (including, to the extent applicable, its Rollover Securities) reflects its Contemplated Ownership Percentage as set forth opposite its name in the column titled “Contemplated Ownership Percentage” in subpart (B) of Part II of Schedule B attached hereto as Annex A.

2.4           The definition of “Permitted Transfer” set forth in Section 11.1(ccc) of the Original Consortium Agreement is hereby deleted in its entirety and replaced with the following:

““Permitted Transfer” means a Transfer of Covered Securities by a Party to (i) an Affiliate of such Party which is Controlled by such Party, (ii) a member of such Party’s immediate family or a trust for the benefit of such Party’s or any member of such Party’s immediate family, (iii) any heir, legatees, beneficiaries and/or devisees of such Party, (iv) if such Party is Centurium, CITIC, Xxxxxxxxx or Temasek, to any Affiliate of such Party, any of the investment funds managed or advised by such Party or any of its Affiliates, or any of the investment vehicles of such Party, such Affiliate or such fund or (v) another Party or any Affiliate of another Party; provided that, in each case, such transferee agrees to execute, prior to or concurrently with such Transfer, a Deed of Adherence in the form attached hereto as Schedule C, except in the event such transferee is already a Party.”

3. Miscellaneous

3.1 No Further Amendment.

The Parties agree that all other provisions of the Original Consortium Agreement shall, subject to Section 2, continue unmodified, in full force and effect and constitute legal and binding obligations of the Parties in accordance with their terms. This Amendment forms an integral and inseparable part of the Original Consortium Agreement.

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3.2 References.

All references to the Consortium Agreement (including “hereof,” “herein,” “hereunder,” “hereby” and “this Agreement”) in the Original Consortium Agreement shall refer to the Consortium Agreement as amended by this Amendment. Notwithstanding the foregoing, references to the date of the Consortium Agreement and references in the Consortium Agreement to “the date hereof,” “the date of this Agreement” and terms of similar import shall in all instances continue to refer to September 18, 2019.

3.3 Other Miscellaneous Terms.

The provisions of Article VIII (Notices) and Section 10.8 (Governing Law and Venue) of the Original Consortium Agreement shall apply mutatis mutandis to this Amendment.

[SIGNATURE PAGE FOLLOWS]

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IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed as of the date first written above by their respective officers or directors thereunto duly authorized.

	Beachhead Holdings Limited
	By:		/s/ Xxx Xx
	Name:		Xxx Xx
	Title:		Director
	Double Double Holdings Limited
	By:		/s/ Xxx Xx
	Name:		Xxx Xx
	Title:		Director
	Point Forward Holdings Limited
	By:		/s/ Xxx Xx
	Name:		Xxx Xx
	Title:		Director
	Notice details:
	Xxxxx 0000, Xxx Xxxxxxx Xxxxx, 00 Xxxxxxxxx, Xxxx Xxxx
	Attention: Xxxxxx Xxxx
	with a copy to (which shall not constitute notice):
	Xxxxxxxx & Xxxxx
	26th Floor, Gloucester Tower, The Landmark
	00 Xxxxx’x Xxxx Xxxxxxx, Xxxx Xxxx
	Attention: Xxxx Xx; Xxxxxx Xxx

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed as of the date first written above by their respective officers or directors thereunto duly authorized.

	PW Medtech Group Limited (普华和顺集团公司)
	By:		/s/ Yue’e Zhang
	Name:		Yue ’e Zhang
	Title:		Director
	Notice details:
	PW Medtech Group Limited
	Building 1, Xx. 00 Xxxxxxx Xxxx Xxxx
	Xxxxxx Xxxxxxxx, Xxxxxxx
	PRC 101204
	Attention: Xxxxxx Xxxx
	With a copy to (which shall not constitute notice):
	Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx
	Xxxxx 0000, 00/X, Xxxxxxx Xxxxx
	0 Xxxxxxxxx Xxxxx, Xxxxxxx
	Xxxx Xxxx
	Attention: Xxxxxxx Xxxx

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed as of the date first written above by their respective officers or directors thereunto duly authorized.

	Parfield International Ltd.
	By:		/s/ Xxxx Xxxx
	Name:		Xxxx Xxxx
	Title:		Director
	Notice details:
	Xxxx Xx. 00X, 00xx Xxxxx, Xxxxxx Xxxxxx
	95 Queensway, Admiralty Hong Kong
	Attention: Xxxx Xxxx
	Facsimile: (000)0000-0000
	with a copy to (which shall not constitute notice):
	K&L Gates LLP
	000 Xxxxxx Xxxxxx, Xxxxx 0000
	Xxxxxxx, XX 00000-0000
	Xxxxxx Xxxxxx of America
	Attention: Xxxxxxxxxxx X. Xxxxxxxxxx
	Facsimile: (000)000-0000
	and
	K&L Gates
	44/F., Edinburgh Tower
	The Landmark
	00 Xxxxx’x Xxxx Xxxxxxx, Xxxx Xxxx
	Attention: Xxxxxxx Xxxx
	Facsimile: (000)00000000

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed as of the date first written above by their respective officers or directors thereunto duly authorized.

	CITIC Capital China Partners IV, L.P., represented by its general partner CCP IV GP Ltd.
	By:		/s/ Xxxxxx Xxxxxxxxx
	Name:		Xxxxxx Xxxxxxxxx
	Title:		Director
	Notice details:
	c/o CITIC Capital Partners Management Limited
	00/X, XXXXX Xxxxx
	0 Xxx Xxx Xxxxxx
	Xxxxxxx, Xxxx Xxxx
	Attention: Xxxxx Xxx/Xxxxx Xxxx
	with a copy to (which shall not constitute notice):
	Xxxxxx & Xxxxxxx LLP
	00xx Xxxxx, Xxx Xxxxxxxx Xxxxxx
	0 Xxxxxxxxx Xxxxx, Xxxxxxx
	Xxxx Xxxx
	Attention: Xxxxx Xxx

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed as of the date first written above by their respective officers or directors thereunto duly authorized.

	HH Sum-XXII Holdings Limited
	By:		/s/ Xxxx X’Xxxxxxx
	Name:		Xxxx X’Xxxxxxx
	Title:		Authorized Signatory
	Notice details:
	Attention: Xxx XXX
	Address: Suite 2202, 22nd Floor, Two International Finance Centre, 0 Xxxxxxx Xxxxxx, Xxxxxxx, Xxxx Xxxx
	Email: xxxx@xxxxxxxxxxxx.xxx
	With a copy to Xxxx Xxxxxxx
	Email: Xxxxx@xxxxxxxxxxxx.xxx
	with a copy to (which shall not constitute notice):
	Weil, Gotshal & Xxxxxx
	00/X, Xxxxxxxxx Xxxxx
	00 Xxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx
	Attention: Xxx Xxxxxxx; Xxxxx Xxxxx

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed as of the date first written above by their respective officers or directors thereunto duly authorized.

	V-Sciences Investments Pte Ltd
	By:		/s/ Fidah Alsagoff
	Name:		Fidah Alsagoff
	Title:		Authorised Signatory

	Notice details:
	Address:		00X Xxxxxxx Xxxx
			#00-00 Xxxxx 0
			Xxx Xxxxxx@Xxxxxxx
			Xxxxxxxxx 000000
	Attention:		Fidah Alsagoff
			xxxxx@xxxxxxx.xxx.xx
			x00 0000 0000

with a copy to:

Xxxxxx Xxxxxxxx Xxxxx & Xxxxxxxx LLP

45th Floor, Fortune Financial Xxxxxx

0 xxxx Xxx Xxxx Xxxxx Xx

Xxxxxxxx Xxxxxxxx, Xxxxxxx, Xxxxx

Attention: Xxxxxx Xxxx

Email: XXxxx@xxxx.xxx

Tel: + 00 00 0000 0000

Exhibit A

List of Capital Entities

Annex A

Part II - Contributions to Holdco and Contemplated Ownership Percentages