Document:

Form of Employment Contract

 Exhibit 10.3 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into on April
            , 2010 by and between China Kanghui Holdings, a company incorporated and existing under the laws of the Cayman Islands (the “Company” and, together with
all of its direct or indirect parent companies, subsidiaries, affiliates, or subsidiaries or affiliates of its parent companies, collectively referred to as the “Company Group”), and
            , an individual, a Chinese citizen with its ID/passport number being
                     (the “Executive”). 

RECITALS 

THE PARTIES ENTER THIS AGREEMENT on the basis of the following facts, understandings and intentions: 

A. The Company desires that the Executive be employed by the Company to carry out the duties and responsibilities described below,
all on the terms and conditions hereinafter set forth. 
 B. The Executive desires to accept such employment on such
terms and conditions. 
 NOW, THEREFORE, in consideration of the above recitals incorporated herein and the mutual
covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, the parties agree as follows: 

 

	1.	Retention and Duties. 

  

	1.1	Retention. The Company does hereby hire, engage and employ the Executive for the Period of Employment (as defined in Section 2) on the terms and
conditions expressly set forth in this Agreement. The Executive does hereby accept and agree to such hiring, engagement and employment, on the terms and conditions expressly set forth in this Agreement. The Executive agrees to commence active
employment with the Company on or before                      (the first day of such employment is referred to as the “Employment
Commencement Date”). 

  

	1.2	Duties. During the Period of Employment, the Executive shall serve the Company as its
                     and shall have such powers, duties and obligations consistent with such position as the Company’s Board of Directors
(the “Board”) shall determine from time to time. The Executive shall be subject to such directives of the Board and the corporate policies of the Company as they are in effect from time to time throughout the Period of Employment
(including, without limitation, the Company’s business conduct and ethics policies, as they may change from time to time). During the Period of Employment, the Executive shall report solely to the [Board/Chief Executive Officer of the Company].

  

	1.3	No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall both (i) devote substantially all of the
Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, and (ii) hold no other employment. The Executive’s service on the boards of directors (or similar body) of other business
entities is subject to the approval of the Board. The Company shall have the right to require the Executive to resign from any board or similar body which he may then serve if the Board reasonably determines in writing that the Executive’s
service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of
its affiliates, successors or assigns. 

  

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	1.4	No Breach of Contract. The Executive hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the
Company and the performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which the Executive is a party or otherwise bound;
(ii) that the Executive has no information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive entering into this Agreement or
carrying out his duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement (other than this Agreement) with any other person or entity. 

 

	1.5	Location. The Executive’s principal place of employment shall be [the Company’s principal executive offices in Changzhou, China/the principal
offices of the Company’s subsidiary Beijing Libeier Biology Engineering Research Institute Co., Ltd. in Beijing, China]. The Executive agrees that he will be regularly present at the business locations designated above. The Executive
acknowledges that he may be required to travel from time to time in the course of performing his duties for the Company. 

  

	2.	 Period of Employment. The “Period of Employment” shall be a period of three (3) years commencing on the Employment
Commencement Date and ending at the close of business on the third
(3rd) anniversary of the Employment Commencement Date
(the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and
each anniversary of the Termination Date thereafter, unless either party gives notice, in writing, at least thirty (30) days prior to the expiration of this Agreement and the Period of Employment (including any renewal thereof) of such
party’s desire to terminate the Agreement or modify its terms. The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be
extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Constructive Termination” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment
is subject to earlier termination as provided below in this Agreement. 

  

	3.	Compensation. 

  

	3.1	Base Salary. The Executive’s base salary (the “Base Salary”) during the Period of Employment shall be paid in accordance with the
Company’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. The Executive’s Base Salary for the first twelve (12) months of the Period of Employment shall be at an annualized
rate of RMB             . The Company will review the Executive’s Base Salary at least annually. The Company will set the Executive’s rate of Base Salary for any portion of
the Period of Employment after the first twelve (12) months thereof. 

  

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	3.2	Stock Options. Subject to the approval by the board of directors of the Company, the Executive may be eligible for certain options to purchase the
Company’s ordinary shares under Company’s effective option plan as approved by the board of directors and shareholders of the Company. 

  

	4.	Benefits. 

  

	4.1	Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate in all employee pension and
welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or
programs may be in effect from time to time. 

  

	4.2	Reimbursement of Business Expenses. The Executive is authorized to incur reasonable expenses in carrying out the Executive’s duties for the Company
under this Agreement and reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive’s duties for the Company, subject to the Company’s expense
reimbursement policies in effect from time to time. 

  

	4.3	Vacation and Other Leave. During the Period of Employment, the Executive shall accrue and be entitled to take paid vacation of one (1) week in
accordance with the Company’s vacation policies in effect from time to time, including the Company’s policies regarding vacation accruals. The Executive shall also be entitled to all other holiday and leave pay generally available to other
executives of the Company. 

  

	5.	Termination. 

  

	5.1	Termination by the Company. The Executive’s employment by the Company, and the Period of Employment, may be terminated at any time by the Company:
(i) with Cause (as defined in Section 5.5), or (ii) with no less than thirty (30) days advance notice to the Executive, without Cause, or (iii) in the event of the Executive’s death, or (iv) in the event that the
Board determines in good faith that the Executive has a Disability (as defined in Section 5.5). 

  

	5.2	Termination by the Executive. The Executive’s employment by the Company, and the Period of Employment, may be terminated by the Executive with no
less than thirty (30) days advance notice to the Company; provided, however, that in the case of a Constructive Termination (as defined herein), the Executive may provide immediate written notice if the Company fails to, or
cannot, reasonably cure the event that gives rise to the Constructive Termination. 

  

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	5.3	Benefits Upon Termination. If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company
or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall
have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows: 

(a) The Company shall pay the Executive (or, in the event of his death, the Executive’s estate) any Accrued Obligations (as defined
in Section 5.5); and 
 (b) If, during the Period of Employment, the Executive’s employment with the Company terminates
as a result of an Involuntary Termination (as defined in Section 5.5), the Executive shall be entitled to the accelerated vesting of any unvested portion of the stock options granted by the Company to the Executive so that the stock options
shall become vested in full as of the effective date of termination. 
 The foregoing provisions of this Section 5.3 shall
not affect the Executive’s receipt of benefits otherwise due terminated employees consistent with the terms of the applicable Company welfare benefit plan or applicable law. 

 

	5.4	Exclusive Remedy. The Executive agrees that the payments contemplated by Section 5.3 (and any applicable acceleration of vesting of an equity-based
award in accordance with the terms of such award in connection with the termination of the Executive’s employment) shall constitute the exclusive and sole remedy for any termination of his employment and the Executive covenants not to assert or
pursue any other remedies, at law or in equity, with respect to any termination of employment. The Company and Executive acknowledge and agree that there is no duty of the Executive to mitigate damages under this Agreement. All amounts paid to the
Executive pursuant to Section 5.3 shall be paid without regard to whether the Executive has taken or takes actions to mitigate damages. 

  

	5.5	Certain Defined Terms. 

(a) As used herein, “Accrued Obligations” means: 

(i) any Base Salary that had accrued but had not been paid (including accrued and unpaid vacation time) on or before the
Severance Date; and 
 (ii) any reimbursement due to the Executive pursuant to Section 4.2 for expenses
incurred by the Executive on or before the Severance Date. 
 (b) As used herein, “Cause” shall mean, as
reasonably determined by the Board (excluding the Executive, if he is then a member of the Board), (i) any act of personal dishonesty taken by the Executive in connection with his responsibilities as an employee of the Company which is intended
to result in substantial personal enrichment of the Executive and is reasonably likely to result in material harm to the Company, (ii) the Executive’s conviction of a crime which the Board reasonably believes has had or will have a
material detrimental effect on the Company’s reputation or business, (iii) a willful act by the Executive which constitutes misconduct and is materially injurious to the Company, or (iv) continued violations by the Executive of the
Executive’s obligations to the Company after there has been delivered to the Executive a written demand for performance from the Company which describes the basis for the Company’s belief that the Executive has violated his obligations to
the Company. 
  

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 (c) As used herein, “Constructive Termination” shall mean a resignation by
the Executive within thirty (30) days after the occurrence of any of the following: (i) without the Executive’s express written consent, a material reduction of the Executive’s duties, position or responsibilities relative to the
Executive’s duties, position or responsibilities in effect immediately prior to such reduction, or the removal of the Executive from such duties, position and responsibilities, unless the Executive is provided with substantially comparable
duties, position and responsibilities; (ii) without the Executive’s express written consent, a material reduction of the facilities and perquisites (including without limitation office space, location and administrative support) available
to the Executive immediately prior to such reduction; (iii) a reduction by the Company of the Executive’s Base Salary as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the kind or level of
employee benefits to which the Executive is entitled immediately prior to such reduction with the result that the Executive’s overall benefits package is materially reduced; or (v) without the Executive’s express written consent, the
relocation of the Executive to a facility or a location more than fifty (50) miles from his current location. 
 (d) As used
herein, “Disability” shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his employment with the Company, even with reasonable
accommodation that does not impose an undue hardship on the Company, for more than 180 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period would apply. 

(e) As used herein, “Involuntary Termination” shall mean a Constructive Termination or a termination of the Executive by
the Company without Cause. For purposes of clarity, the term Involuntary Termination does not include a termination of the Executive’s employment due to the Executive’s death or Disability. 

 

	5.6.	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from
the terminating party to the other party. The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination. 

 

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	6.	Confidentiality; Inventions; Non-Competition; Non-Solicitation. 

 

	6.1	Confidential Information. 

(a) Company Information. The Executive hereby agrees at all times during the term of his or her employment and after termination,
to hold in the strictest confidence, and not to use, except for the benefit of the Company Group, or to disclose to any person, corporation or other entity without written consent of the Company, any Confidential Information. The Executive
understands that “Confidential Information” means any proprietary or confidential information of the Company Group, its affiliates, their clients, customers or partners, and the Company Group’s licensors, including, without
limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers (including, but not limited to, customers of the Company Group on whom the Executive called or with whom the
Executive became acquainted during the term of his or her employment), supplier lists and suppliers, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, personnel
information, marketing, finances, information about the suppliers, joint ventures, licensors, licensees, distributors and other persons with whom the Company Group does business, information regarding the skills and compensation of other employees
of the Company Group or other business information disclosed to the Executive by or obtained by the Executive from the Company Group, its affiliates, or their clients, customers or partners either directly or indirectly in writing, orally or by
drawings or observation of parts or equipment. 
 (b) Company Property. The Executive understands that all documents
(including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his or her work or using the facilities of the Company Group are property of the Company Group and subject to inspection by the
Company Group, at any time. Upon termination of the Executive’s employment with the Company (or at any other time when requested by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature
pertaining to his or her work with the Company and will provide written certification of his or her compliance with this Agreement. Under no circumstances will the Executive have, following his or her termination, in his or her possession any
property of the Company Group, or any documents or materials or copies thereof containing any Confidential Information. In the event of the termination of the Executive’s employment, the Executive hereby agrees to sign and deliver the
“Termination Certification” attached hereto as Exhibit A. 
 (c) Former Employer Information. The
Executive hereby agrees that he or she will not, during his or her employment with the Company, improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity and that he or she will not
bring onto the premises of the Company Group any unpublished document or proprietary information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity. The Executive hereby agrees to
indemnify the Company Group and hold it harmless from all claims, liabilities, damages and expenses, including reasonable attorneys fees and costs for resolving disputes, arising out of or in connection with any violation or claimed violation of a
third party’s rights resulting from any use by the Company Group of such proprietary information or trade secrets improperly used or disclosed by the Executive. 

 

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 (d) Third Party Information. The Executive recognizes that the Company Group has
received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company Group’s part to maintain the confidentiality of such information and to use it only for certain limited
purposes. The Executive hereby agrees to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out his or her work for
the Company consistent with the Company Group’s agreement with such third party. 
  

	6.2	Inventions. 

 (a)
Inventions Retained and Licensed. The Executive has attached hereto, as Exhibit B, a list describing all inventions, original works of authorship, developments, improvements, trade secrets, and IC layout designs/mask works which were made by
the Executive prior to his or her employment with the Company which belong to the Executive, which relate to the Company Group’s proposed or current business, products or research and development, and which are not assigned to any member of the
Company Group hereunder (collectively referred to as “Prior Inventions”); or, if no such list is attached, The Executive hereby represents that there are no such Prior Inventions. The Executive hereby agrees that he or she will not
incorporate any Prior Inventions into any products, processes or machines of the Company Group; provided, however, that if in the course of the Executive’s employment with the Company, he or she incorporates into a
product, process or machine of the Company Group a Prior Invention owned by the Executive or in which he or she has an interest, the Executive hereby represents that he or she has all necessary rights, powers and authorization to use such Prior
Invention in the manner it is used and such use will not infringe any right of any company, entity or person and, in such a circumstance, each member of the Company Group is hereby granted and shall have a nonexclusive, royalty-free, sublicensable,
transferable, irrevocable, perpetual, worldwide license to make, have made, modify, use and sell such Prior Invention as part of or in connection with such product, process or machine. The Executive hereby agrees to indemnify the Company Group and
hold it harmless from all claims, liabilities, damages and expenses, including reasonable attorneys fees and costs for resolving disputes, arising out of or in connection with any violation or claimed violation of a third party’s rights
resulting from any use, sublicensing, modification, transfer, or sale by the Company Group of such Prior Invention. 
 (b)
Assignment of Inventions. The Executive hereby agrees that he or she will promptly make full written disclosure to the Company and the Company Group, will hold in trust for the sole right and benefit of the Company and the Company Group, and
hereby assign to the Company and the Company Group, or their respective designee, all of his or her right, title, and interest in and to any and all inventions, ideas, information, designs, original works of authorship, processes, formulas, computer
software programs, databases, mask works, developments, concepts, improvements or trade secrets, whether or not patentable or registrable under patent, copyright, circuit layout design or similar laws in China or anywhere else in the world, which he
or she may solely or jointly conceive or develop or reduce to practice or cause to be conceived or developed or reduced to practice, during the period of time he or she is in the employ of the Company (whether or not during business hours) that are
either related to the scope of his or her employment with the Company or make use, in any manner, of the resources of the Company Group (collectively referred to as “Inventions”). The Executive hereby acknowledges that the Company
or the Company Group shall be the sole owner of all rights, title and interest in the Inventions created hereunder. In the event the foregoing assignment of Inventions to the Company or the Company Group is ineffective for any reason, each member of
the Company Group is hereby granted and shall have a royalty-free, sublicensable, transferable, irrevocable, perpetual, worldwide license to make, have made, modify, use, and sell such Inventions as part of or in connection with any product, process
or machine. Such exclusive license shall continue in effect for the maximum term as may now or hereafter be permissible under applicable law. Upon expiration, such license, without further consent or action on the Executive’s part, shall
automatically be renewed for the maximum term as is then permissible under applicable law, unless, within the six-month period prior to such expiration, the Company and the Executive have agreed that such license will not be renewed. The Executive
also hereby forever waives and agrees never to assert any and all rights he or she may have in or with respect to any Inventions even after termination of his or her employment with the Company. The Executive hereby further acknowledges that all
Inventions created by him or her (solely or jointly with others) are, to the extent permitted by applicable law, “works made for hire” or “inventions made for hire,” as those terms are defined in the People’s Republic of
China (“PRC”) Copyright Law, the PRC Patent Law and the Regulations on Computer Software Protection, respectively, and all titles, rights and interests in or to such Inventions are or shall be vested in the Company. 

 

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 (c) Remuneration. The Executive hereby agrees that the remuneration received by the
Executive pursuant to this Agreement with the Company includes any bonuses or remuneration which the Executive may be entitled to under applicable PRC law for any “works made for hire,” “inventions made for hire” or other
Inventions assigned to the Company pursuant to this Agreement. 
 (d) Maintenance of Records. The Executive hereby agrees
to keep and maintain adequate and current written records of all Inventions. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. The records will be available to and remain the
sole property of the Company at all times. 
 (e) Patent and Copyright Registrations. The Executive hereby agrees to
assist the Company, or its respective designees, at the expense of the Company, in every proper way to secure the Company’s rights in the Inventions in any and all countries, to further evidence, record and perfect any grant or assignment by
the Executive of the Inventions hereunder and to perfect, obtain, maintain, enforce and defend any rights so granted or assigned, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of
all applications, specifications, oaths, assignments and all other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns and nominees
the sole and exclusive rights, title and interest in and to such Inventions. The Executive hereby further agrees that his or her obligations to execute or cause to be executed, when it is in his or her power to do so, any such instrument or papers
shall continue after the termination of this Agreement. The Executive hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as the Executive’s agent and attorney in fact, to act for and in the
Executive’s behalf and stead to execute and file any such documents and to do all other lawfully permitted acts to further the foregoing with the same legal force and effect as if executed by the Executive. 

 

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	6.3	Conflicting Employment. The Executive hereby agrees that, during the term of his or her employment with the Company, he or she will not engage in
any other employment, occupation, consulting or other business activity related to the business in which the Company Group is now involved or becomes involved during the term of the Executive’s employment, nor will the Executive engage in any
other activities that conflict with his or her obligations to the Company without the prior written consent of the Company. 

  

	6.4	Non-Competition. 

(a) The Executive hereby agrees that during the course of his or her employment and for a period of one (1) year immediately
following the termination of his or her relationship with the Company for any reason, whether with or without good cause or for any or no cause, at the option either of the Company or his or herself, with or without notice, the Executive will not,
without the prior written consent of the Company, (i) serve as a partner, employee, consultant, officer, director, manager, agent, associate, investor, or otherwise for, or lend his or her name (or any part, variant or formative thereof),
(ii) directly or indirectly, own, purchase, organize or take preparatory steps for the organization of, (iii) build, design, finance, acquire, lease, operate, manage, invest in, work or consult for or otherwise affiliate himself or herself
with, any business, in competition with or otherwise similar to the business of the Company Group, (iv) deal, directly or indirectly, in a competitive manner with any customers doing business with the Company Group, or (v) transfer, sell,
assign, pledge, hypothecate, give, create a security interest in or lien on, place in trust (voting or otherwise), or in any other way dispose of any equity interest in the Company Group beneficially owned by the Executive, as the case may be, to
any person which is competitive with any significant aspect of the business of the Company Group. The foregoing covenant shall cover the Executive’s activities in every part of the Territory in which he or she may conduct business during the
term of such covenant as set forth above. “Territory” shall mean (i) the People’s Republic of China (for the avoidance of doubt, including Hong Kong, Macau and the islands of Taiwan), and (iv) each of the other
countries of the world; provided that, with respect to clauses (ii) of this Section 6.4(a), the Company derives at least five percent (5%) of its gross revenues from such geographic area prior to the date of the termination of the
Executive’s relationship with the Company. 
 (b) The Executive hereby acknowledges that he or she will derive significant
value from the Company’s agreement to provide him or her with that Confidential Information of the Company Group to enable him or her to optimize the performance of his or her duties for the Company. The Executive hereby further acknowledges
that his or her fulfillment of the obligations contained in this Agreement, including, but not limited to, his or her obligation neither to disclose nor to use the Confidential Information of the Company Group other than for the Company Group’s
exclusive benefit and his or her obligation not to compete contained in subsection (a) above, is necessary to protect the Confidential Information of the Company Group and, consequently, to preserve the value and goodwill of the Company Group.
The Executive hereby further acknowledges the time, geographic and scope limitations of his or her obligations under subsection (a) above are reasonable, especially in light of the Company Group’s desire to protect their Confidential
Information, and that the Executive will not be precluded from gainful employment if he or she is obligated not to compete with the Company Group during the period and within the Territory as described above. 

 

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 (c) The covenants contained in subsection (a) above shall be construed as a series of
separate covenants, one for each city, county and state of any geographic area in the Territory. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in subsection (a) above.
If, in any arbitration proceeding, the arbitration panel refuses to enforce any of such separate covenants (or any part thereof), then such unenforceable covenant (or such part) shall be eliminated from this agreement to the extent necessary to
permit the remaining separate covenants (or portions thereof) to be enforced. In the event the provisions of subsection (a) above are deemed to exceed the time, geographic or scope limitations permitted by applicable law, then such provisions
shall be reformed to the maximum time, geographic or scope limitations, as the case may be, then permitted by such law. 
 (d)
The Executive hereby further agrees that he or she will be compensated by the Company in the total amount equal to the minimum amount of compensation required by applicable law (hereinafter referred to as the “Compensation”) upon
the termination of his or her employment with the Company for the covenants that the Executive makes in this Section 6.4. The Compensation will be paid by four installments, of which the first installment equal to 1/4 of the total amount of the
Compensation will be paid within three months after the employment is terminated and each of the other three installments equal to 1/4 of the total amount of the Compensation will be paid per three months thereafter. 

 

	6.5	Notification of New Employer. In the event that the Executive leaves the employ of the Company, the Executive hereby grants consent to notification
by the Company to his or her new employer about his or her rights and obligations under this Agreement. 

  

	6.6	Non-Solicitation. The Executive hereby agrees that for a period of two (2) years immediately following the termination of his or her
relationship with the Company for any reason, whether with or without cause, he or she shall not either directly or indirectly solicit, induce, recruit or encourage any employees of the Company Group to leave their employment, or take away such
employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company Group and/or any suppliers, customers or consultants of the Company Group, either for his or herself or for any other person or entity.

  

	6.7	Representations. The Executive hereby agrees to execute any proper oath or verify any proper document required to carry out the terms of this
Agreement. The Executive hereby represents that the Executive’s performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by the Executive in confidence or in trust prior
to his or her employment by the Company. The Executive has not entered into, and hereby agrees that he or she will not enter into, any oral or written agreement in conflict with this Section 6. 

 

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	7.	Withholding Taxes. Notwithstanding anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from
any amounts otherwise due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes as may be required to be withheld pursuant to any applicable law or regulation.

  

	8.	Assignment. This Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this
Agreement or any rights or obligations hereunder; provided, however, that in the event of a merger, consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or
entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.

  

	9.	Number and Gender. Where the context requires, the singular shall include the plural, the plural shall include the singular, and any gender shall include
all other genders. 

  

	10.	Section Headings. The section headings of, and titles of paragraphs and subparagraphs contained in, this Agreement are for the purpose of convenience
only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation thereof. 

  

	11.	Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of New York without giving effect to
any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than the State of New York. 

  

	12.	Severability. If any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or
applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this Agreement are declared to be severable. 

 

	13.	Entire Agreement. This Agreement embodies the entire agreement of the parties hereto respecting the matters within its scope. This Agreement supersedes
all prior and contemporaneous agreements of the parties hereto that directly or indirectly bears upon the subject matter hereof (including, without limitation, any offer letter or previous employment agreement). Any prior negotiations,
correspondence, agreements, proposals or understandings relating to the subject matter hereof shall be deemed to have been merged into this Agreement, and to the extent inconsistent herewith, such negotiations, correspondence, agreements, proposals,
or understandings shall be deemed to be of no force or effect. There are no representations, warranties, or agreements, whether express or implied, or oral or written, with respect to the subject matter hereof, except as expressly set forth herein.

  

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	14.	Modifications. This Agreement may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly
referring to this Agreement, which agreement is executed by both of the parties hereto. 

  

	15.	Waiver. Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or
privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have
granted such waiver. 

  

	16.	Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING
OUT OF OR RELATING TO THIS AGREEMENT. 

  

	17.	Notices. 

 (a) All
notices, requests, demands and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt
therefor, or (iii) sent by internationally recognized courier with next-day or second-day delivery. Any notice shall be duly addressed to the parties as follows: 

(i) if to the Company: 
  

			
	      Address:	 	 No.1-8 Tianshan Road, Xinbei District, Changzhou,

Jiangsu 213022, China

	      Attention:	 	
	      Tel:	 	
	      Fax:	 	

 (ii) if to the Executive: 

 

			
	Address:	  	[            ]
	      Tel:	  	[            ]
	      Fax:	  	[            ]

(b) Any party may alter the address to which communications or copies are to be sent by giving notice of such change of address in
conformity with the provisions of this Section 17 for the giving of notice. Any communication shall be effective when delivered by hand, when otherwise delivered against receipt therefor, or three (3) business days after being sent in
accordance with the foregoing. 
  

 -12- 

	18.	Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature
appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties
reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose. 

  

	19.	Legal Counsel; Mutual Drafting. Each party recognizes that this is a legally binding contract and acknowledges and agrees that they have had the
opportunity to consult with legal counsel of their choice. Each party has cooperated in the drafting, negotiation and preparation of this Agreement. Hence, in any construction to be made of this Agreement, the same shall not be construed against
either party on the basis of that party being the drafter of such language. The Executive agrees and acknowledges that he has read and understands this Agreement, is entering into it freely and voluntarily, and has been advised to seek counsel prior
to entering into this Agreement and has had ample opportunity to do so. 

 [The remainder of this page has
intentionally been left blank.] 
  

 -13- 

 IN WITNESS WHEREOF, the Company and the Executive have executed this Agreement as of
date first written above. 
  

			
	“COMPANY”
	
	China Kanghui Holdings

			
		
	By:	 	  

			
	Name:	 	
	Title:	 	

  

 -S-1- 

 IN WITNESS WHEREOF, the Company and the Executive have executed this Agreement as of the date first
written above. 
  

	
	“EXECUTIVE”
	
	  

	Name:

  

 -S-2- 

 EXHIBIT A 

TERMINATION CERTIFICATE 

This is to certify that I do not have in my possession, nor have I failed to return, any Confidential Information belonging to China
Kanghui Holdings (the “Company”), its subsidiaries, parent companies, affiliates, successors or assigns (together, the “Company Group”). For purposes of this Termination Certificate, the term “Confidential
Information” shall have the meaning assigned thereto in my Employment Agreement with the Company, dated on or about April             , 2010 (the “Agreement”).

 I further certify that I have complied with all the terms of the Agreement signed by me, including all of the provisions of
Section 6 of the Agreement. 
 I further agree that, in compliance with the Agreement, I will preserve as confidential all
Confidential Information. 
 I further agree that for two (2) years from this date, I will not either directly or
indirectly solicit, induce, recruit or encourage any employees of the Company or the Company Group to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company or the
Company Group and/or any suppliers, customers or consultants of the Company or the Company Group, either for myself or for any other person or entity. 

Date:             , 20        

  

	
	  

	[            ]

  

 -A-1- 

 EXHIBIT B 

LIST OF PRIOR INVENTIONS 
  

					
	 Title
	  	 Date
	  	 Identifying Number

or Brief Description

		  		  	

              No inventions or improvements

              Additional Sheets Attached 

Signature of Employee:
                                        

 Print Name of Employee: [            ] 

Date: [            ], 2010English Translation of Equity Transfer Agreement

 Exhibit 10.4 

EQUITY TRANSFER AGREEMENT 

FOR 

BEIJING LIBEIER BIOLOGY ENGINEERING RESEARCH INSTITUTE CO., LTD. 

BETWEEN 

CHINA KANGHUI HOLDINGS 

AND 

GUO QIAN 

NIE HONGXIN 

BEIJING LIBEIER BIOLOGY ENGINEERING RESEARCH INSTITUTE CO., LTD. 

Dated April 29, 2008 

					
	 SECTION 1
	  	DEFINITIONS	  	2
			
	 SECTION 2
	  	EQUITY TRANSFER	  	3
			
	 SECTION 3
	  	PRICE AND PAYMENT	  	4
			
	 SECTION 4
	  	REPRESENTATIONS AND WARRANTIES	  	4
			
	 SECTION 5
	  	SUBMISSION FOR APPROVAL	  	5
			
	 SECTION 6
	  	CLOSING	  	6
			
	 SECTION 7
	  	FURTHER COVENANTS	  	8
			
	 SECTION 8
	  	SPECIAL AGREEMENTS	  	9
			
	 SECTION 9
	  	CONFIDENTIALITY	  	11
			
	 SECTION 10
	  	NOTICE	  	11
			
	 SECTION 11
	  	LIABILITY FOR BREACH	  	11
			
	 SECTION 12
	  	FEES AND TAXES	  	11
			
	 SECTION 13
	  	ONGOING EFFECT	  	12
			
	 SECTION 14
	  	DISPUTE RESOLUTION	  	12
			
	 SECTION 15
	  	GOVERNING LAW	  	12
			
	 SECTION 16
	  	COUNTERPART	  	12
			
	 SECTION 17
	  	ENTIRE AGREEMENT	  	12
			
	 Exhibit A
	  	Conditions	  	14
			
	 Exhibit B
	  	Representations and Warranties	  	16
			
	 Schedule 1
	  	Intellectual Property	  	28
			
	 Schedule 2
	  	Real Property and Manufacturing Equipment	  	29
			
	 Schedule 3
	  	List of Key Employees	  	36
			
	 Exhibit C
	  	Form of Employment Contract	  	37

 THIS EQUITY TRANSFER AGREEMENT (this “Agreement”) dated April 29,
2008 is entered into in Changzhou, China by and among the following parties: 
  

	 	1.	Guo Qian 

PRC Identity Card Number: 11010819690208571x 

Address: No. 7, Unit 53, 5 Zhongguancun South Road, Haidian District, Beijing 

 

	 	2.	Nie Hongxin 

PRC Identity Card Number: 410703197211032041 

Address: Room 0107, 4/F, Wanliu Guangda Park, 2 Quanzong Road, Haidian District, Beijing 

(Guo Qian and Nie Hongxin are hereinafter individually and collectively referred to as “Transferor”.)

  

	 	3.	China Kanghui Holdings (the “Transferee”) 

Legal Address: Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman Y1-1111, Cayman Islands 

Authorized Representative: Jiang Yikang 
  

	 	4.	Beijing Libeier Biology Engineering Research Institute Co., Ltd. (the “Company”) 

Legal Address: 804B, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Authorized Representative: Guo Qian 

(The above parties are hereinafter individually referred to as a “Party” and collectively referred to as
the “Parties”.) 
 WHEREAS: 
  

	 	1.	The Company, a limited liability company established on July 15, 1996 and validly existing under the laws of the People’s Republic of China (the
“PRC”), is engaged in, among other businesses, the business of manufacturing medical devices. 

  

	 	2.	Pursuant to the Articles of the Company currently in effect, Guo Qian and Nie Hongxin are the only shareholders of the Company. The capital contribution made by Guo
Qian in the amount of Renminbi Five Hundred and Eighty Thousand (RMB580,000) accounts for 96.67% of the Company’s registered capital and the capital contribution made by Nie Hongxin in the amount of Renminbi Twenty Thousand (RMB20,000) accounts
for 3.33% of the Company’s registered capital. The Company currently has a registered capital of Renminbi Six Hundred Thousand (RMB600,000). 

	 	3.	Transferor agrees to transfer to Transferee, and Transferee agrees to acquire from Transferor, all equity interest held by Transferor in the registered capital of the
Company (the “Equity Transfer”), all upon the terms and conditions set forth in this Agreement. After the Equity Transfer, the Company will be converted to a wholly foreign-owned enterprise of which Transferee is the sole investor.

 NOW, THEREFORE, in the principle of equality and mutual benefit, after amicable consultation among the Parties,
intending to be legally bound, hereby agree as follows: 
 SECTION 1. DEFINITIONS 

 

	1.1	Unless otherwise specified herein or required by the context, the terms below shall have the following meanings: 

 

			
	“Confidential Information”	  	means all oral or written information relating to or associated with the business operation, business strategies, business plans, investment plans, sales, customers, marketing,
technologies, research and development, finance or other matters of a Party, including but not limited to all reports and records containing such information and all copies (including electronic copies), reproductions, duplications and translations
thereof.
		
	 “Registration Authority”
	  	means the administration of industry and commerce with which the Company has been registered.
		
	 “Equity Interest”
	  	means the 100% equity interest of the Company to be transferred by Transferor to Transferee pursuant to this Agreement and all incidental rights and interests therein (including
all retained earnings).
		
	 “Key Employees”
	  	mean any and all individuals listed in Schedule 3 of Exhibit B hereof.
		
	 “Closing”
	  	has the meaning ascribed to it in Section 6.
		
	 “Initial Closing Date”
	  	means the fifth
(5th) Business Day after all the conditions set forth in
Section 6.1 hereof have been satisfied.

  

 - 2 - 

			
		
	“Closing Date”	  	means the Initial Closing Date or another date of closing to be determined pursuant to Section 6.5 if the Parties fail to close on the Initial Closing Date pursuant to Section
6.4.
		
	“Renminbi” or “RMB”	  	means the legal currency of the PRC.
		
	“Approval Authority”	  	means the foreign investment regulatory department which has the authority to approve the proposed Equity Transfer.
		
	“Business Day”	  	means a day other than a Saturday or Sunday or public holiday in the PRC and Cayman Islands.
		
	“Business License”	  	means the new business license issued to the Company reflecting the Equity Transfer after such Equity Transfer is approved by the Approval Authority.
		
	“Articles”	  	means the articles of association of the Company formulated and signed by Transferee as the sole investor of the Company.

 

	1.2	Except as otherwise expressly provided or required by the context: 

  

	 	1.2.1	Reference to any contract, agreement or document shall mean such contract, agreement or document as amended, supplemented or replaced from time to time;

  

	 	1.2.2	Reference to any person in this Agreement or any other contract, agreement or document shall include its successor and permitted assignee. 

 

	 	1.2.3	Reference to any section or exhibit shall mean the section or exhibit of this Agreement; and 

 

	 	1.2.4	A “Party” or the “Parties” shall mean a Party or the Parties to this Agreement. 

SECTION 2. EQUITY TRANSFER 

Subject to the terms and conditions agreed upon in this Agreement, Transferor agrees to transfer to Transferee and Transferee agrees to
acquire from Transferor, the 100% Equity Interest held by Transferor in the Company. All and any portion of the Equity Interest shall be free from any security interest, option, claim or any other third-party right (including right of first refusal)
and any other rights incidental thereto. Each Transferor hereby waives any right of first refusal it is entitled to in connection with the Equity Transfer. 
  

 - 3 - 

 SECTION 3. PRICE AND PAYMENT 

 

	3.1	For the purpose of the Equity Transfer described in Section 2 hereof, Transferee agrees to pay Transferor the price of the transferred Equity Interest (the
“Equity Transfer Price”) in the amount of Renminbi One Hundred and Forty-Eight Million Five Hundred Thousand (RMB148,500,000.00). Transferee shall pay Guo Qian and Nie Hongxin respectively Renminbi One Hundred and Forty-Three
Million Five Hundred and Fifty Thousand (RMB143,550,000.00) and Renminbi Four Million Nine Hundred and Fifty Thousand (RMB4,950,000.00) according to their proportional ownership of the Equity Interest. 

 

	3.2	Transferee shall, within thirty (30) days of the issuance of the Business License or on the Closing Date, which is later, pay Transferor the Equity Transfer Price.
The Parties shall cooperate in their best efforts to ensure the payment date of the Equity Transfer Price is no later than three (3) months after the issuance date of the Business License or other deadline approved by the Approval Authority.
Such payment shall be made in the equivalent US dollar amount by directly paying to the bank account designated by each Transferor in advance (the exchange rate for converting Renminbi into US Dollar shall be the middle exchange rate published by
the People’s Bank of China on the payment date). 

 SECTION 4. REPRESENTATIONS AND WARRANTIES 

 

	4.1	Each Party represents and warranties to the other Parties that: 

  

	 	4.1.1	it has the right, authority and power to execute and perform this Agreement; and 

 

	 	4.1.2	subject to the approval of the Equity Transfer by the Approval Authority, this Agreement constitutes its legal, valid and binding obligation, enforceable against it in
accordance with its terms. 

  

	4.2	Each Transferor severally and jointly makes additional representations and warranties to Transferee as set out in Exhibit B hereof. 

 

	4.3	Each Party undertakes that each representation and warranty made by it is true, accurate, complete and not misleading as of the date hereof. Immediately prior to the
submission of this Agreement to the Approval Authority and immediately prior to the Closing, each Party is deemed to have undertaken that each representation and warranty made by it, with reference to the facts and circumstances in existence at the
time of submission or at the time of Closing, is true, accurate, complete and not misleading. For this purpose only, if a representation or warranty expressly or implicitly refers to the date hereof, it shall be construed to apply to the time of
submission or, if applicable, the Closing. 

  

	4.4	If a Party is in breach of any representation and warranty it has made (including without limitation falsity, inaccuracy, incompleteness or misleading nature of any
representation and warranty made by it), it shall indemnify the other Parties against all claims, expenses, costs, losses and liabilities suffered or incurred by such other Parties in connection with the foresaid breach. 

 

 - 4 - 

	4.5	Prior to the Closing: 

  

	 	4.5.1	If a Party is aware of any representation and warranty which is untrue, inaccurate, incomplete or misleading, it shall immediately notify each of the other Parties;

  

	 	4.5.2	A Party in breach of any representation and warranty shall take immediate actions to cure such breach. If the breach is not curable, the Parties shall negotiate with
the other Parties in good faith to seek a solution acceptable to all the Parties; and 

  

	 	4.5.3	If the breach is not cured and no solution can be reached within thirty (30) days after the notice described in Section 4.5.1, the non-breaching Party/Parties
may elect to proceed with the Closing or terminate this Agreement. No termination shall affect the rights and obligations that may have arisen from this Agreement. 

 

	4.6	Transferor shall be obliged to fully and promptly indemnify and hold Transferee harmless against and from any third-party rights, claims or liabilities against the
Company or Transferee due to the Company’s or Transferor’s failure to make any disclosure prior to the Closing Date. Nothing contained in this provision shall affect the obligations and liabilities of the Parties under the remaining
provisions hereof. 

 SECTION 5. SUBMISSION FOR APPROVAL 

 

	5.1	The Parties shall or shall procure the Company to, submit this Agreement to the Approval Authority for its approval. 

 

	5.2	Each Party shall promptly obtain all third-party approvals or consents required for the Equity Transfer. 

 

	5.3	In addition to the matters described in Sections 5.1 and 5.2, the Parties shall take all other appropriate actions and provide all other assistance that are necessary
to fully and effectively carry out all the transactions and related matters contemplated hereby and fulfill the intent, terms and conditions of this Agreement, including but not limited to execution or delivery of all requisite documents, issuance
of necessary covenants or statements and communication with the relevant government authorities. For the purpose of the foregoing, the Parties shall make all reasonable efforts to cause the relevant parties to agree upon and/or execute the following
documents: 

  

	 	5.3.1	resolution made by Transferee and the highest authority of the Company approving the Equity Transfer pursuant to their respective articles of association;

  

	 	5.3.2	Articles of the Company formulated by Transferee; and 

  

	 	5.3.3	all other application documents required by the Equity Transfer, including but not limited to the feasibility study report. 

 

 - 5 - 

 SECTION 6. CLOSING 
  

	6.1	The Closing of the Equity Transfer is subject to the fulfillment of all the closing conditions set forth in Exhibit A or waiver of such conditions by a Party which is
entitled to do so. 

  

	6.2	The Parties shall make all reasonable efforts to cause the satisfaction of the foresaid closing conditions. If any closing condition is not satisfied within six
(6) months after the date hereof, the Parties shall promptly consult with each other to seek a solution acceptable to all the Parties. If no solution can be reached within twelve (12) months after the date hereof: 

 

	 	6.2.1	unless otherwise agreed upon by the Parties in writing, this Agreement shall terminate on the expiry of such 12-month period. Such termination shall not affect the
rights and obligations of each Party that may have arisen at the time of termination; and 

  

	 	6.2.2	each Party shall take all necessary or appropriate actions to restore its status prior to entering into this Agreement, including but not limited to applying to the
relevant PRC authorities for revoking any approvals that may have been given in connection with the transactions contemplated hereby and for reversing any financial matters (including foreign exchange matters) that may have been carried out in
connection with the transactions contemplated hereby. 

  

	6.3	Each Party shall have the right to notify the other Parties in writing of its waiver of all or a portion of the conditions that any or all of the other Parties should
satisfy. 

  

	6.4	The Closing shall occur on the Closing Date in Beijing or at any other place agreed upon by the Parties. At the Closing: 

 

	 	6.4.1	Transferor shall deliver or cause to be delivered to Transferee, the Company’s seals and documents (originals and copies thereof) as listed below (copies of
documents shall be stamped with the Company’s official seal and signed by Transferor before they are delivered to Transferee and in delivering such copies, the original shall also be produced for verification purpose; the original of the
document in sub-clause (5) below shall be delivered afterwards): 

  

	 	(1)	certificate of approval from the Approval Authority approving the transactions hereunder and registering Transferee as the shareholder of the Company;

  

	 	(2)	all company seals that bind the Company including the official seal, finance seal and contract seal and all board meeting minutes and resolutions;

  

	 	(3)	confirmation of bank account balance of the Company by the last Business Day prior to the Closing Date; 

 

 - 6 - 

	 	(4)	resolution of the shareholders meeting of the Company approving the transactions hereunder; 

 

	 	(5)	a PRC legal opinion issued by a PRC counsel retained by the Company to Transferee regarding the compliance with PRC laws by the Company and the proposed transactions;

  

	 	(6)	confirmation from each Transferor that as of the Closing the Company has no liability to any Transferor and/or its affiliate; 

 

	 	(7)	closing accounts of the Company prepared by an accountant, confirmed by each Transferor and delivered to Transferee; and 

 

	 	(8)	Business License of the Company upon the registration of the Equity Transfer. 

 

	6.5	If a Party fails or is unable to perform its obligations under Section 6.4 at the Closing, no other Party shall be required to proceed with the Closing and such
other Party may, in its sole discretion, notify the Party in writing: 

  

	 	(1)	to terminate this Agreement without any liability; 

  

	 	(2)	to consummate the Closing on that date or designate a later date as the Closing Date and the Party who fails or is unable to perform its obligations shall be obliged to
perform all obligations that remain to be performed on the postponed Closing Date. 

  

	6.6	If the Closing does not occur within fifteen (15) Business Days after the Initial Closing Date, the Parties shall consult with each other to seek a solution
acceptable to all the Parties. If no solution is reached within one (1) month after the Initial Closing Date: 

  

	 	6.6.1	unless otherwise agreed upon by the Parties in writing, this Agreement shall terminate on the expiry of such one-month period. Such termination shall not affect the
rights and obligations of each Party that may have arisen at the time of termination; and 

  

	 	6.6.2	each Party shall take necessary or appropriate actions to restore its status prior to entering into this Agreement, including but not limited to applying to the
relevant PRC authorities for revoking any approvals that may have been given in connection with the transactions contemplated hereby and for reversing any financial matters (including foreign exchange matters) that may have been carried out in
connection with the transactions contemplated hereby. 

  

	6.7	Transferee shall be entitled to own the Equity Interest and all rights and interests therein from the Closing Date. 

 

 - 7 - 

 SECTION 7. FURTHER COVENANTS 

 

	7.1	Each Party shall further execute documents and take actions that may be reasonably required for full implementation of this Agreement. 

 

	7.2	Without limiting the generality of Section 7.1, each Party shall: 

  

	 	7.2.1	assist the Company with the application to the Approval Authority for obtaining the approval of the Equity Transfer; and 

 

	 	7.2.2	after obtaining the approval from the Approval Authority, assist the Company with the application to the Registration Authority for the change of the Company’s
registration. 

  

	7.3	During the period between the date hereof and the Closing Date, Transferor as the shareholder of the Company prior to the Closing shall not do or permit the Company to
do any thing detrimental to the Equity Interest and/or the Company. Unless otherwise consented to by Transferee in writing in advance, Transferor shall make its best efforts to procure the management of the Company to ensure that:

  

	 	(1)	the Company conducts its business consistent with ordinary and customary practice and except for payments during ordinary course of business, the Company shall not make
or agree to make any other unnecessary payments; 

  

	 	(2)	the Company shall adopt all reasonable procedures to maintain and protect its assets; 

 

	 	(3)	during normal working hours and with reasonable notice, a representative of Transferee may have access to the financial statements of the Company and make copies
thereof; 

  

	 	(4)	there is no act (or omission to act) taken, approved or caused by the Company and Transferor and/or any of its affiliate which constitutes or leads to a breach of any
representation or warranty; 

  

	 	(5)	any information that Transferor becomes aware of and that may constitute facts or circumstances of breach of any warranty shall be disclosed promptly, whether existing
prior to the date hereof or after the date hereof and prior to the Closing; 

  

	 	(6)	the Company shall not declare, pay or attempt to pay dividends or make other profit distributions; 

 

	 	(7)	the Company shall not increase or agree to increase its registered capital nor accept or provide any loan; 

 

	 	(8)	unless consented to by Transferee, the Company shall not enter into related party transactions with any Transferor and/or any of its affiliate and the Company shall not
provide any guarantee for any Transferor and/or its affiliate; 

  

 - 8 - 

	 	(9)	except required by law, the Company shall not change the employment terms with any of its employees (including the management stuff) resulting in increase of the
Company’s payroll costs; 

  

	 	(10)	neither the Company nor any Transferor or any of its affiliate shall take any act adverse to the provisions hereof or the transactions contemplated hereby.

  

	7.4	Prior to the Closing, Transferor shall within three (3) Business Days of the execution of any business contract by the Company deliver a copy of such contract to
Transferee for filing purpose. 

  

	7.5	Prior to the Closing, Transferor shall procure that the Company has consulted fully with Transferee with respect to any matter that may adversely affect the Company and
that without Transferee’s prior written consent the Company will not: 

  

	 	(1)	except in the ordinary course of business and consistent with past practice, enter into or engage in any material agreement, contract, arrangement or transaction
(whether or not legally binding) that may affect the status of the Company, including but not limited to entering into any contract with a value or incurring a single amount exceeding Fifty Thousand US Dollars (US$50,000) or a cumulative amount
exceeding One Hundred and Twenty Thousand US Dollars (US$120,000) in connection with any fixed-assets investments, capital commitments, capital expenditures, acquisitions, investments or similar arrangements (or making any tender or bid resulting in
such contract or obligation); 

  

	 	(2)	except in the ordinary course of business and consistent with past practice, enter into any long term contract or any contract of an abnormal business nature or any
contract that entails significant obligations or may have a material effect upon the nature or scope of the Company’s operation or make similar commitments (or making any tender or bid resulting in such contract or obligation);

  

	 	(3)	agree to the amendment of any existing contract which the Company is a party thereto which contract may have a material effect upon the nature and scope of the
Company’s operation; or 

  

	 	(4)	whether or not in the ordinary course of business or consistent with past practice, acquire or sell or agree to acquire or sell, any asset with a single amount in
excess of Fifty Thousand US Dollars (US$50,000) or a cumulative amount in excess of One Hundred and Twenty Thousand US Dollars (US$120,000). 

SECTION 8. SPECIAL AGREEMENTS 
  

	8.1	In consideration of Transferor’s contributions to the Company over the years, Transferee agrees that subject to the fulfillment of the following conditions, the
Company will make a special distribution to Transferor in the form of incentive payments: 

  

	 	8.1.1	For each of its accounting year 2008 and 2009 (the “Assessment Year”), the Company’s audited net profit shall increase by no less than thirty
percent (30%) comparing to the previous accounting year; and 

  

 - 9 - 

	 	8.1.2	No Key Employee, including Transferor, has breached his/her employment contract entered into with the Company. 

 

	8.2	If the above conditions are met in the Assessment Year 2008, the Company will pay Transferor a special distribution in the amount of Renminbi Sixteen Million Four
Hundred and Two Thousand One Hundred (RMB16,402,100), of which an amount of Renminbi Fifteen Million Eight Hundred and Fifty-Five Thousand Three Hundred and Sixty-Three (RMB15,855,363) will be paid to Guo Qian and an amount of Renminbi Five Hundred
and Forty-Six Thousand Seven Hundred and Thirty-Seven (RMB546,737) will be paid to Nie Hongxin. If the above conditions are met in the Assessment Year 2009, the Company will pay Transferor a special distribution in the amount of Renminbi Seventeen
Million Two Hundred and Fifty-Eight Thousand Seven Hundred (RMB17,258,700), of which an amount of Renminbi Sixteen Million Six Hundred and Eighty-Three Thousand Four Hundred and Ten (RMB16,683,410) will be paid to Guo Qian and an amount of Renminbi
Five Hundred and Seventy-Five Thousand Two Hundred and Ninety (RMB575,290) will be paid to Nie Hongxin. 

  

	8.3	For the purpose of the foregoing provision, the Parties agree that the Company’s net profit in 2007 determined pursuant to the international accounting principles
shall be Renminbi Fifteen Million (RMB15,000,000). The Company shall engage an auditor to audit its net profit pursuant to the international accounting principles within fifteen (15) working days after the end of each Assessment Year. If the
above conditions are met after the audit, the Company shall, within thirty (30) working days of issuance of the auditor’s report for the applicable Assessment Year, pay Transferor the special distribution in RMB for the applicable period.

  

	8.4	If the Company’s audited net profit in accounting year 2008 is less than Renminbi Nineteen Million Five Hundred Thousand (RMB19,500,000), the net profit in 2009
shall increase by no less than thirty percent (30%) comparing to Renminbi Nineteen Million Five Hundred Thousand (RMB19,500,000) in order for Transferor to receive the special distribution for that year. 

 

	8.5	The special distribution is a pre-tax amount and the Company will withhold the individual income tax on behalf of Transferor before making the special distribution.

  

	8.6	To promote the profit growth of the Company, Transferee and Transferor will discuss the investment plans of the Company. Transferee shall not unreasonably withhold its
consent to any appropriate proposal made by Transferor. 

  

	8.7	Employees who remain employed by the Company (including Transferor) or join other member of Transferee’s group after the Closing will be entitled to employee share
option pursuant to the employee share option plan implemented by Transferee, subject to the option agreement entered into with Transferee. 

  

 - 10 - 

 SECTION 9. CONFIDENTIALITY 

Transferor shall and shall procure that its affiliates, including Beijing Ke Yi Bang En Medical Device and Technology Co., Ltd.
(“KYBE”) will keep in confidence any confidential information about the Company acquired by them and will neither use such confidential information for any purpose nor disclose the same to any third party except for the benefit of
the Company and after consented by the Company and Transferee in advance. If any disclosure of confidential information is a mandatory requirement by law or from a court of jurisdiction or any regulatory authority, the disclosing Party shall make
the disclosure only to the extent necessary and to the extent permitted by applicable laws and regulations and adopt all permitted measures to procure confidential treatment of the information so disclosed. A breach of this provision by any
affiliate of Transferor shall be deemed a breach by Transferor. 
 SECTION 10. NOTICE 

Any notice hereunder shall be made in writing and delivered by facsimile or registered mail to the number or address notified by the
recipient from time to time. A notice so delivered shall be deemed received: 
  

	 	(1)	if sent by facsimile, upon receipt of a confirmed transmittal receipt; 

  

	 	(2)	if sent by registered mail, seven (7) days after posted. 

SECTION 11. LIABILITY FOR BREACH 

Without prejudice to any other terms hereof, if a Party is in breach of any provision hereof, the breaching Party shall indemnify the
non-breaching Parties all losses incurred by them as a result of such breach and all costs, expenses and liabilities arising therefrom. 

SECTION 12. FEES AND TAXES 
  

	12.1	Each Party shall bear its own expenses, costs and fees in connection with its negotiation of the Equity Transfer and the preparation, execution and performance of this
Agreement. 

  

	12.2	Each Party shall pay the taxes payable by it in connection with the Equity Transfer hereunder. Each Party shall pay its stamp duty for an original copy of this
Agreement held by it. 

  

 - 11 - 

 SECTION 13. ONGOING EFFECT 

The obligations provided hereunder, except to the extent that they have been performed and unless otherwise specified herein, shall remain
in effect after the Closing. 
 SECTION 14. DISPUTE RESOLUTION 

Any dispute arising out of or in connection with this Agreement, including a dispute on the effectiveness or existence of this Agreement,
shall be resolved by the Parties through good-faith consultation. If the dispute cannot be resolved through consultation, any Party shall have the right to submit the dispute to the China International Economic and Trade Arbitration Commission for
arbitration in Shanghai in accordance with the then-effective arbitration rules of the Commission. The arbitral award shall be final and binding upon all the Parties. 

SECTION 15. GOVERNING LAW 
 This
Agreement shall be governed by and construed in accordance with PRC laws. 
 SECTION 16. COUNTERPART 

This Agreement is made in Chinese in eight (8) counterparts. Each party shall hold one the remaining ones shall be used for
submissions for approval. 
 SECTION 17. ENTIRE AGREEMENT 

This Agreement and its exhibits shall constitute the entire agreement among the Parties with respect to the subject matter hereof and
supersede all prior documents, discussions, letters of intent, supplementary letters of intent, memorandum of understanding, negotiations and agreements among the Parties in this regard. 

[Remainder of this page intentionally left blank] 

 

 - 12 - 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the first date and
at the place written above. 
  

					
	Transferor:	 	
		
	Guo Qian	 	
			
	By:	 	 /s/ Guo Qian
	 	(signature)
		
	Nie Hongxin	 	
			
	By:	 	 /s/ Nie Hongxin
	 	(signature)

  

							
	Transferee: China Kanghui Holdings	 	
				
	Legal Representative or Authorized Representative:	 	 /s/ Jiang Yikang
	 	(signature)	 	
			
	Beijing Libeier Biology Engineering Research Institute Co., Ltd.	 		 	
				
	(affixed with official seal)	 		 		 	
				
	Legal Representative or Authorized Representative:	 	 /s/ Guo Qian
	 	(signature)	 	

  

 - 13 - 

 Exhibit A    Conditions 

The Closing is subject to the fulfillment of each of the following conditions: 

 

	(1)	Transferor shall, or shall cause the Company to, procure that: 

  

	 	(a)	the Company’s shareholders meeting shall have adopted a resolution approving the Equity Transfer; 

 

	 	(b)	the competent development and reform commission (or its successor) shall have approved the transaction hereunder and issued the approval document;

  

	 	(c)	the Approval Authority shall have approved the transaction hereunder and issued the certificate of approval; 

 

	 	(d)	each Key Employee of the Company shall have entered into an employment contract with the Company substantially in the form attached hereto as Exhibit C with a remainder
of the term no less than three (3) years; 

  

	 	(e)	the Company shall have completed the registration of the Equity Transfer with the Registration Authority and have been issued the Business License;

  

	 	(f)	in respect of the Intellectual Property listed in Schedule 1 of Exhibit B, the Company shall have entered into assignment with the relevant obligee/Guo Qian as
Transferor on the terms reviewed and accepted by Transferee and filed an application with the competent authority for such assignment and the competent authority shall have accepted the application; 

 

	 	(g)	except the amount payable to KYBE under the agreement described in (h) below, the Company shall have no related party debts and all outstanding related party debts
shall have been discharged, the Company shall have no related party guarantee and all outstanding related party guarantee shall have been released, and except otherwise provided in this exhibit, there shall be no other related party transaction or
arrangement during its implementation period; 

  

	 	(h)	the Company shall have acquired from KYBE the manufacturing equipment listed in Schedule 2 of Exhibit B on the terms reviewed and accepted by Transferee;

  

	 	(i)	the Company shall have terminated its relationship with KYBE as the Company’s distributor and commission manufacturer and executed the relevant termination
agreement and/or other written documents; and 

  

	 	(j)	the Company and Transferor shall have provided Transferee with all the documents and information reasonably requested by Transferee. 

 

 - 14 - 

	(2)	Transferee shall: 

  

	 	(a)	obtain the resolution of Transferee’s shareholders meeting/board of directors approving the Equity Transfer; and 

 

	 	(b)	sign the Articles of the Company. 

  

 - 15 - 

 Exhibit B    Representations and Warranties 

The terms defined in the main body of the Agreement shall have the same meanings as they are used in this Exhibit B and the terms below shall have the
following meanings: 
 “Accounts” means the audited accounts of the Company for the period ending on the Final Accounting Date
(including a balance sheet and an income statement) and all explanations, reports and other documents attached to the audited accounts; 

“Encumbrance” means any mortgage, charge, pledge, lien, option, limitation, right of first refusal, preemptive right, third-party right
or interest or any other encumbrance or security interest of any kind, or other agreements to create or effect any of the foregoing (including but not limited to any ownership retention and trust arrangement); 

“Intellectual Property” means: 
  

	(a)	all business names, designs, Internet domain names, email addresses (except for those containing names of the Company’s staff), trade names, trade marks or service
marks that the Company has used or intends to use, and other applications and registrations in connection therewith, including but not limited to the rights in connection with the names listed in Schedule 1 of this Exhibit B (collectively the
“Marks”); 

  

	(b)	all patents and patent applications for creative contributions to the major properties of any inventions made by an employee of the Company by performing his job duties
under his employment contract or by using primarily the Company’s funds, equipment, parts, materials or technical information unknown to the public, including but not limited to all inventions, utility models and designs in any project, or all
patents and patent applications otherwise acquired by the Company, including without limitation the patents and patent applications listed in Schedule 1 of this Exhibit B (collectively the “Patents”); 

 

	(c)	copyrights in all published and unpublished works created by any employee of the Company or any person engaged by the Company, either alone or together with others,
within the scope of his employment or engagement or works contained in any visual medium or copyrights in all published and unpublished works otherwise acquired by the Company (collectively the “Copyrights”);

  

	(d)	rights in all template works developed, designed, manufactured, conceived or reduced to practice by any employee of the Company or any person engaged by the Company,
either alone or together with others, within the scope of his employment or engagement, or rights in all template works otherwise acquired by the Company (collectively the “Template Works Rights”); 

 

	(e)	all techniques and/or commercial information unknown to the public (which can generate profit for the Company and are easy to be applied and are kept in confidence by
the Company) developed, designed, manufactured, conceived or reduced to practice by any employee of the Company or any person engaged by the Company, either alone or together with others, within the scope of his employment or engagement or otherwise
acquired by the Company, including but not limited to confidential or proprietary information, know-hows, processes, methods, research, technical information, data, improvements, concepts, inventions, findings, skills, developments, plans, graphs,
drawings, flow charts, printings, specifications, software programs, source and actuating codes, development and business plans, strategies, forecasts, customer information, customer lists or information with similar contents, whether commercial,
experimental or patentable (collectively the “Trade Secrets”). 

  

 - 16 - 

	(f)	all good will relating to the Marks, Patents, Copyrights, Template Works Rights and Trade Secrets and all reliefs and protections available under the laws applicable to
a breach of or infringement upon any of the foregoing, and the Company’s rights under any contract in connection with the Marks, Patents, Copyrights, Template Works Rights and Trade Secrets; and 

all agents’ working documents in respect of any of the foregoing owned by the Company. 

“Final Accounting Date” means December 31, 2007. 

“Management Accounts” mean the unaudited income statement of the Company for the period beginning on the Final Accounting Date and
ending on March 31, 2008 and the unaudited balance sheet of the Company as of March 31, 2008; 
 “Real Property”
means all land use rights and buildings acquired, used or possessed by the Company and all rights of the Company associated therewith. A detailed description of the Real Property is set out in Schedule 2 of this Exhibit B; and 

“Tax” or “Taxes” means taxes, withholdings, levies, fees or assessments of any kind whatsoever imposed by the PRC or
other finance, taxation, custom or tax-levying entity or other departments, authorities or officials (collectively the “Tax Authority”), including, without limitation, levies of any nature imposed by the Tax Authority (including any
fines, penalties, additions or interest in connection therewith). 
  

	Clause One	Capacity and Authority 

  

	1.1	Each Transferor has the right, power and authority to execute and deliver this Agreement and each document to be executed on or prior to the Closing Date and to
exercise the rights and perform the obligations hereunder and thereunder and has taken all necessary actions in this regard. Each Transferor do no need to go through the process of state-owned asset evaluation or obtaining an approval from the
state-owned asset administrative department or filing with such department for the Equity Transfer. 

  

	1.2	Except for the approval and registration required by the project review authority, the Approval Authority and the Registration Authority, each Transferor and/or the
Company are not required to obtain any third-party approval or consent in respect of the Equity Transfer. 

  

	1.3	The Company has the right, power and authority to conduct the business as conducted on the date hereof. 

 

 - 17 - 

	Clause Two	Information 

  

	2.1	Prior to and during the negotiations for entering into this Agreement, all information provided to Transferee or its consultant or agent by Transferor or its
representative are true, complete, accurate and not misleading. 

  

	2.2	All information about the Equity Interest and the Company, the disclosure of which may be essential to a purchase of the Equity Interest, has been disclosed to
Transferee in written form. 

  

	Clause Three	Ownership Interest 

 Transferor is the
legal and beneficial owner of the Equity Interest. Transferor has paid up the consideration for the Equity Interest in the Company and the Company’s registered capital has been fully paid in. There is no event, occurred or ongoing, of
withdrawing or otherwise transferring the Company’s registered capital. The interest owned by each Transferor in the Company is free from any dispute or controversy. The Equity Interest itself or any portion thereof is free from any Encumbrance
and is not subject to any agreement, arrangement or obligation to create or impose any Encumbrance. There has been no person claiming his rights relating to any Encumbrance on the Equity Interest or any portion thereof. 

 

	Clause Four	Accounts 

  

	4.1	General 

  

	 	4.1.1	The Accounts are prepared and audited on a proper and consistent basis pursuant to the PRC laws and applicable rules and the PRC generally accepted accounting
principles and practices. 

  

	 	4.1.2	The Accounts truthfully and fairly reflect the assets, liabilities, capital commitment and business conditions of the Company as of the Final Accounting Date and the
income and loss of the Company during the applicable period as well. 

  

	4.2	Debts and Liabilities 

  

	 	4.2.1	The Accounts have made provision for bad debts, doubtful accounts and all liabilities (whether actual, contingent or otherwise) and all financial commitments as of the
Final Accounting Date pursuant to PRC generally accepted accounting principles. 

  

	 	4.2.2	The Accounts accurately reflect and disclose all liabilities (whether actual, contingent or otherwise) and financial commitments of the Company.

  

	4.3	Tax Provision 

 The Accounts have
made full provision for payment of all Taxes that the Company may be required to pay under PRC laws as of the Final Accounting Date or any period beginning prior to such date. The Accounts have made full provision for payment of contingent or
deferred Taxes as of the Final Accounting Date or any period beginning prior to such date. 
  

 - 18 - 

	4.4	Accounting Records 

 Accounting
records, updated in a timely manner and kept or controlled by the Company, are prepared completely and accurately pursuant to the PRC laws and applicable rules and the PRC generally accepted accounting principles and practices. 

 

	4.5	Management Accounts 

 Management
Accounts are prepared consistent with the standards for the Accounts and fairly reflect the assets, liabilities and income/loss of the Company as of March 31, 2008. 

 

	Clause Five	Change Since the Final Accounting Date 

  

	5.1	General 

 Since the Final
Accounting Date: 
  

	 	5.1.1	the Company has conducted its business consistent with past practice to maintain its ongoing operation; 

 

	 	5.1.2	there has been no material adverse change to the financial or business status or prospects of the Company; and 

 

	 	5.1.3	there has been no adverse change in the assets and liabilities reflected by the Accounts except the depreciation arising from the ordinary course of business and there
has been no decrease in the net value of the Company’s tangible assets according to the evaluation method adopted for the Accounts. 

  

	5.2	Special Clauses 

  

	 	5.2.1	Except the change in the ordinal course of business acknowledged by Transferee, the Company has neither: 

 

	 	(a)	acquired or disposed of or agreed to acquire or dispose of any assets; nor 

 

	 	(b)	assumed or incurred or agreed to assume or incur any liabilities, obligations or costs (whether actual or contingent). 

 

	 	5.2.2	Except in the ordinal course of business, the Company has not compromised, sold or agreed to sell any creditor’s rights. 

 

	 	5.2.3	The business of the Company is not subject to any material adverse effect as a result of loss of customers or suppliers, or termination of any agreement or amendment of
terms thereof, or any abnormal reason having no effect on similar business, and to the knowledge and belief of Transferor, there is no fact or circumstance that may have a material adverse effect on the business of the Company; and

  

 - 19 - 

	 	5.2.4	Except those reflected by the Accounts, the Company has not declared, paid or distributed any dividends, funds or profits. 

 

	Clause Six	Tax 

  

	6.1	General 

  

	 	6.1.1	The Company has paid all Taxes payable and it neither has nor has it had any liability to pay fines, additions, penalties or interest for any Taxes.

  

	 	6.1.2	Except only any Tax liabilities arising from the ordinary course of business, the Company has no existing, contingent or deferred Tax liabilities.

  

	 	6.1.3	The Company is not involved and will not be involved in any Tax related dispute. No Tax Authority has conducted or intends to conduct a Tax related investigation
against the Company and there is no fact leading to such investigation. 

  

	 	6.1.4	The favorable tax treatment the Company is entitled to has been lawfully granted to the Company by the relevant Tax Authority and the Company will continue to be
entitled to such favorable tax treatment. 

  

	 	6.1.5	The Company has made reservation for the compensation, wages and other taxable benefits of its directors, executives and employees in full amount within the time period
required by law and has paid to the relevant Tax Authority the individual income taxes. 

  

	6.2	Enterprise Income Tax 

  

	 	6.2.1	The Company has paid all enterprise income taxes payable and it neither has nor has it had any liability to pay fines, additions, penalties or interest for any
enterprise income taxes. 

  

	 	6.2.2	The Company has filed enterprise income tax returns on a timely basis as required by PRC laws and regulations. 

 

	 	6.2.3	The Company has prepared, submitted, obtained and continued to renew complete, accurate, appropriate or necessary records, invoices, approvals and documents for filing
enterprise income tax returns as required by PRC laws and regulations. 

  

	 	6.2.4	The Company has adopted procedures and treatments appropriate or necessary for enterprise income tax in accordance with PRC laws and regulations.

  

	 	6.2.5	The Company has no existing, contingent or deferred enterprise income tax payment obligations. 

 

 - 20 - 

	6.3	Value-Added Tax 

 The Company
has: 
  

	 	6.3.1	duly registered with the relevant Tax Authority pursuant to the value-added tax laws and regulations of the PRC; 

 

	 	6.3.2	as required by the PRC laws and regulations, prepared, submitted, obtained and continued to renew complete and accurate records, invoices and document appropriate or
necessary for paying value-added taxes; 

  

	 	6.3.3	not delayed in paying any value-added taxes due or payable or submitting any tax returns under the PRC laws and regulations; and 

 

	 	6.3.4	made request for refunds on value-added taxes in a timely manner pursuant to the PRC laws and regulations. 

 

	Clause Seven	Assets 

  

	7.1	As from the Final Accounting Date, each asset included in the Accounts of the Company or acquired by the Company (excluding the inventories disposed of in the ordinary
course of business thereafter) and all assets in use by the Company are: 

  

	 	7.1.1	legally and beneficially owned by the Company free from any Encumbrance; 

  

	 	7.1.2	not subject to any agreement on lease, rent, let or deferred sale; and 

  

	 	7.1.3	to the extent that they can be possessed, exclusively possessed or controlled by the Company. 

 

	7.2	The assets owned, possessed or used by the Company constitute all the assets necessary for the Company to fully and effectively carry out its business in the ordinary
course of business. 

  

	7.3	All equipment, machines, vehicles and device (including but not limited to the manufacturing equipment to be acquired from KYBE as required hereunder) owned, possessed
or used by the Company are in good operating and repair conditions and receive regular and appropriate maintenance. None of the foresaid assets needs upgrade or replacement. 

 

	7.4	After the Company acquires the manufacturing equipment listed in Schedule 1 of Exhibit B from KYBE pursuant to an agreement for such transfer entered into with KYBE,
the manufacturing equipment: 

  

	 	7.4.1	will be legally and beneficially owned by the Company free from any Encumbrance; 

 

	 	7.4.2	will not be subject to any agreement on lease, rent, let or deferred sale; 

  

 - 21 - 

	 	7.4.3	will be exclusively possessed or controlled by the Company; and 

  

	 	7.4.4	will be in good operating and repair conditions, receive regular and appropriate maintenance and need no upgrade or replacement. 

 

	Clause Eight	Intellectual Property 

  

	8.1	The Company has the right to develop, employ, sell or otherwise utilize any Intellectual Property used by the Company without paying a fee to any third party or
incurring any infringement claims or other opposing claims. 

  

	8.2	To the knowledge of the Company, none of the Marks, Patents and Copyrights used in the products or services provided by the Company infringes or is alleged to infringe
upon any third-party trade name, trade mark or service mark, patent, copyright or any other intellectual property. 

  

	8.3	The Company has taken all reasonable precautions to protect the secrecy, confidentiality and value of its Trade Secrets. 

 

	8.4	The Company owns valid title and absolute right to the Trade Secrets used by it. No Trade Secrets are known to the public, nor are they used, disclosed or misused for
the benefit of any person (excluding the Company) or in a manner detrimental to the interest of the Company. The Trade Secrets are not subject to any adverse claims, are not challenged or threatened in any way whatsoever and are not acquired from a
third party in an inappropriate manner. 

  

	8.5	After the Company, pursuant to an agreement entered into with the relevant party on transfer of the Intellectual Property listed in Schedule 1 of Exhibit B, acquires
such Intellectual Property, it will legally and beneficially own such Intellectual Property free from any Encumbrance. The Company has the right to develop, employ, sell or otherwise utilize the foresaid Intellectual Property without paying a fee to
any third party or incurring any infringement claims or other opposing claims. 

  

	Clause Nice	Debtors 

 Creditor’s rights
(including accounts receivable) shown in the Accounts or Accounting Records are within the scope of the Company’s ordinary business. The Company has not discharged any creditor’s rights in the Accounts or Accounting Records (including
accounts receivable) as a result of which a debtor pays or will pay an amount less than the book value of such creditor’s rights. None of the creditor’s rights (including accounts receivable) has in any way been deferred, subordinated or
cancelled or become unrecoverable. Transferor has no reason to believe that no such creditor’s right (including accounts receivable) will realize its book value during the ordinary course of payment collection. 

 

	Clause Ten	Effect of Equity Transfer 

 The execution
and performance of this Agreement or any documents to be executed at or prior to the Closing will not: 
  

	10.1	deprive the Company of any assets, permits, licenses, rights, entitlements, privileges, concessions or allowances it may have in any jurisdiction on the date hereof,
including but not limited to any rights in any self-owned or third-party Intellectual Property; or 

  

 - 22 - 

	10.2	conflict with, or constitute a breach of, or cause an event of default under, or require any person’s consent to, or release any person from obligations under any
agreement or arrangement to which the Company is a party or any law or administrative requirements binding upon the Company. 

  

	Clause Eleven	Real Property 

  

	11.1	The Real Property consists of the land use rights and buildings acquired, used or possessed by the Company as of the date hereof and all the rights of the Company
relating to such land use rights and sites. 

  

	11.2	A complete and accurate description of the Real Property is set out in Schedule 2 of Exhibit B hereof. 

 

	11.3	The Real Property is free from any Encumbrance and there is no one who owns or possesses any property or has, may have or alleges to have any right or easement of any
kind with respect to such property, which may adversely affect the Company’s use of, possession of and entitlement to such property. 

  

	Clause Twelve	Environmental Matters 

 The Company has
not committed any act against PRC laws or regulatory requirements with respect to environmental protection or protecting human health and has been at all times in compliance with all PRC laws, regulations, codes of conduct, guidelines, instructions,
standards and other guiding materials issued by any local or central government of the PRC concerning environmental protection and protecting human health. 
  

	Clause Thirteen	Agreements 

  

	13.1	Neither the Company nor Transferor has the knowledge that any contract, agreement, arrangement or obligation to which the Company is a party is void or there are
grounds for any termination, withdrawal or cancellation in connection therewith. Neither of the Company nor any party with which the Company has entered into such contract, agreement, arrangement or obligation has given a notice seeking to terminate
any of the foregoing or has attempted to cancel or release any of the foregoing. 

  

	13.2	Neither of the Company nor any party with which the Company has entered into any contract, agreement or arrangement has been in material breach thereof and there is no
fact or circumstance that may cause such breach. 

  

	13.3	The Company is not a party to any contract, agreement or arrangement that any party thereto has the right to terminate or for which such party has the right to create
or increase any obligations (whether in form of payment or otherwise) of the Company to any person due to the Equity Transfer or any provision hereof. 

 

 - 23 - 

	13.4	The Company is not a party to any long-term, burdensome or unusual contracts, agreements, arrangements or covenants nor has it any obligations thereunder. Such
long-term, burdensome or extraordinary contracts, agreements, arrangements or covenants include but not limited to: 

  

	 	13.4.1	contracts, agreements, arrangements or covenants not entered into in the ordinary course of business; 

 

	 	13.4.2	contracts, agreements, arrangements or covenants not entered into on an arm-length basis; 

 

	 	13.4.3	contracts, agreements, arrangements or covenants restricting the Company from conducting all or part of its business or from utilizing any of its properties at its own
discretion; or 

  

	 	13.4.4	contracts, agreements, arrangements or covenants that the Company is unable to perform in a timely manner or that the Company can only perform by spending excessive or
extraordinary money or efforts. 

  

	Clause Fourteen	Creditors 

 The Company has made payments
to its creditors within the time limits agreed upon with such creditors. None of the customers and suppliers of the Company: 
  

	14.1	ceases to deal with or supply to the Company or indicates its intent to that effect; 

 

	14.2	substantially reduces dealings with or supplies to the Company or indicates its intent to that effect; or 

 

	14.3	substantially amends the terms for dealings with or supplies to the Company or indicates its intent to that effect. 

 

	Clause Fifteen	Permits and Compliance with Law 

  

	15.1	The Company has obtained all permits, licenses, approvals and other authorizations necessary for the Company to own, operate and use all its assets, conduct the
business as currently conducted by it, and sell and provide the products and services as currently sold and provided by it. All such permits, licenses, approvals and authorizations are in full force and effect. There is no recorded or alleged breach
of any such permits, licenses, approvals and authorizations and there is no legal proceeding pending with respect to the suspension or limitation thereof, nor is there such legal proceeding threatened or expected to the knowledge of Transferor.

  

	15.2	The Company has been conducted its business and affairs in compliance with all applicable PRC laws and has not been in breach or violation of any law of the PRC or
other jurisdiction applicable to the Company or its business, which breach or violation may have material adverse effect on the assets and business of the Company. 

 

 - 24 - 

	15.3	The Company has at all times and in all aspects conducted its business in accordance with the scope of business set forth in its joint venture contract, Articles and
Business License and all actions and things taken or performed by the Company are within the foresaid scope of business. 

  

	Clause Sixteen	Employees 

  

	16.1	The Company has received no resignation notice from any Key Employee. 

  

	16.2	There is no service contract or other employment contract between the Company and any person which has been suspended or terminated but may be resumed or enforced or
under which the Company has any continuous obligations. 

  

	16.3	In respect of all employees (and to the extent applicable, including all former employees) of the Company, the Company: 

 

	 	16.3.1	has been in compliance with applicable state and local labor laws and all orders or decisions given in view of all laws or work conditions of the employees, and all
other obligations imposed on the Company by such orders or decisions as well; 

  

	 	16.3.2	has maintained complete human resource records for each employee; 

  

	 	16.3.3	has entered into an appropriate agreement with each employee stating that all works for hire with creative contributions to the major properties of any inventions,
inventions (patentable or unpatentable), Trade Secrets, Copyrights and patent applications and Patents granted therefor and copyright registrations developed by such employee by performing his job duties under his employment contract or by using
primarily the Company’s funds, equipment, parts, materials or technical information unknown to the public, belong to the Company and he agrees to keep in confidence all Company information or any confidential information of a third party; and

  

	 	16.3.4	has no payment obligations with respect to any severance or other employment related compensation or indemnity of similar nature payable and unpaid or becoming payable
and unpaid. 

  

	16.4	At or after the Closing, the Company will manage the remuneration and benefits of its employees in accordance with the standards agreed upon by the Parties.

  

	16.5	The Company has fully paid or contributed to the pension, housing, medical, unemployment and all other social insurance funds or employee benefits required by law and
any applicable contract and there is no dispute in relation with such funds or benefits. 

  

	16.6	Except the social insurance or employee benefits required by law, the Company is not subject to any other liability relating to employee benefits.

  

 - 25 - 

	Clause Seventeen	Liabilities 

  

	17.1	Debts 

 Except for those
disclosed by the Accounts, the Company has no outstanding loan capital, borrowings or other debts (including any contingent debts) and has not agreed to incur any loan capital, borrowings or other debts (including any contingent debts), and there
are no other undisclosed debts (including any contingent debts), obligations or liabilities or events may lead to such debts (including any contingent debts), obligations or liabilities. 

 

	17.2	Third-Party Guarantee 

 The
Company has not provided any guarantee for any obligation of others or incurred any financial or other obligation to become a party to any mortgage, pledge, guarantee, indemnity or other agreement, or assumed any liabilities thereunder (including
but not limited to contingent liabilities), or by any other means imposed limitations of rights upon the Company, the Equity Interest or any asset of the Company or incurred any debts, obligations or liabilities as a result of the limitations so
imposed. 
  

	17.3	Event of Default 

 No event of
default or event of default alleged by a third-party that may incur any liability or obligation to the Company has occurred. 
  

	Clause Eighteen	Bankruptcy 

 No resolution has been made
to designate or file with a people’s court for bankruptcy or to liquidate the Company. No garnishment, seizure or other legal action has been taken against any asset of the Company. The Company has not ceased to pay or become insolvent to pay
its debts or become bankrupt under PRC laws, nor has it requested mediation for settlement of its debts. No liquidation committee has been appointed by the Company, a people’s court or any other person for the purpose of liquidating the
Company’s business or assets or any portion thereof. No creditors’ meeting has been or will be held. No ruling has been given to declare the Company bankrupt and no announcement regarding the bankruptcy of the Company has been made by a
people’s court, and there is no unfulfilled or unsatisfied judgment or order given by a people’s court against the Company. The Company has no delay in paying any of its obligations when due and payable. 

 

	Clause Nineteen	Actions and Compliance with Law 

  

	19.1	Actions 

 Neither the Company nor
any person who will have vicarious liability for an act or breach of the Company has been involved in any civil, criminal, arbitral, administrative or other proceedings or disputes in any jurisdiction. There are no civil, criminal, arbitral,
administrative or other proceedings or disputes pending or threatened against the Company or any person who will have vicarious liability for an act or breach of the Company. 

 

 - 26 - 

	19.2	Compliance with Law 

 The Company
has conducted its business and disposed of its assets in compliance in all material aspects with all applicable laws and administrative requirements of any relevant jurisdiction. 

Clause Twenty        Constitutional Documents and Reports 

 

	20.1	The Company has conducted and will at all times conduct its business in compliance in all aspects with its Articles and Business License. 

 

	20.2	All reports, materials, resolutions and other documents relating to the Company that are required to be filed with or submitted to the administration of industry and
commerce or any other department have been duly filed or submitted. 

 Clause Twenty-One Foreign Exchange 

There has been no violation of PRC foreign exchange provisions which may subject the Company to any penalties, sanctions or other injunctions (including
revoking the Business License). 
 Clause Twenty-Two Subsidiaries and Others 

The Company owns no interest in another company or any other enterprises, nor has it agreed to acquire such interest or to merge or consolidate therewith.

  

 - 27 - 

 Schedule 1 

Intellectual Property 

Intellectual Property of Beijing Libeier Biology Engineering Research Institute Co., Ltd. 

Beijing Libeier Biology Engineering Research Institute Co., Ltd. currently owns two independent intellectual property, name and details of which have
been specified as follows: 
  

									
	 Patent Type
	  	 Patent Name
	  	 Patent Number
	 	 Historical

Owner
	  	 Current Owner

	Utility Model	  	Spine Reduction Fixation Vertebral Pedicle Screw System

	  	ZL 200620018974.3	 	Guo Qian	  	Beijing Libeier Biology Engineering Research Institute Co., Ltd.
					
	Utility Model	  	Spine “U” Type Vertebral Pedicle Screw 

	  	ZL 200620002270.7	 	Guo Qian	  	Beijing Libeier Biology Engineering Research Institute Co., Ltd.

  

 - 28 - 

 Schedule 2 

Real Property and Manufacturing Equipment 

Fixed Assets—Machinery Equipment Inventory List Evaluation 

 

			
		  	Table 5-2-1
	Name of company in possession of the asset: Beijing Liberier Biology Engineering Research Institute Co., Ltd	  	Monetary Unit: RMB Yuan

 

																																			
	 Serial
Number
	 	 Equipment
Number
	 	 Equipment
Name
	 	 Specifications

and

Models
	 	 Manufacturer
	 	 Unit of
Measurement
	 	 Quantity
	 	 Date of

Purchase
	 	 Start Date
	 	 Book Value
	 	 Adjusted Book
Value
	 	 Estimated Value
	 	 Appreciation
Rate %
	 	 Remark

	 	 	 	 	 	 	 	 	 	 Original

Value
	 	 Net
Value
	 	 Original

Value
	 	 Net
Value
	 	 Original

Value
	 	 Depreciation
Rate %
	 	 Net

Value
	 	 
	1	 		 	 air compressor
	 	 SA-08A/0.85
	 		 	item	 	1.00	 	September-02	 	October-02	 	24,006.00	 	14,123.40	 	24,006.00	 	14,123.40	 		 		 		 		 	
	2	 		 	 PC-168B electrical measurement system
	 	 PC-168B
	 		 	item	 	1.00	 	May-05	 	June-05	 	25,000.00	 	18,072.80	 	25,000.00	 	18,072.80	 		 		 		 		 	
	3	 		 	 soldering machine
	 		 		 	item	 	1.00	 	May-06	 	June-06	 	1,550.00	 	985.58	 	1,550.00	 	985.58	 		 		 		 		 	
	4	 		 	 VPN equipment
	 	 VPN
	 		 	item	 	1.00	 	January-07	 	February-07	 	1,800.00	 	1,372.50	 	1,800.00	 	1,372.50	 		 		 		 		 	
	5	 		 	 SS-2

  sandblasting

  machine
	 	 SS-2
	 		 	item	 	1.00	 	January-07	 	February-07	 	17,575.00	 	13,400.95	 	17,575.00	 	13,400.95	 		 		 		 		 	
	6	 		 	 liquid sandblasting machine
	 		 	 Changkong Sand Blasting Equipment
	 	item	 	1.00	 	June-07	 	July-07	 	16,502.00	 	15,195.60	 	16,502.00	 	15,195.60	 		 		 		 		 	
	7	 		 	 labeler
	 		 		 	item	 	1.00	 	May-00	 	June-00	 	9,200.00	 	0.00	 	9,200.00	 	0.00	 		 		 		 		 	
	8	 		 	 Tianheng printer
	 		 		 	item	 	1.00	 	May-00	 	June-00	 	13,000.00	 	0.00	 	13,000.00	 	0.00	 		 		 		 		 	
	9	 		 	 Changkong printer
	 		 		 	item	 	1.00	 	May-00	 	June-00	 	3,000.00	 	0.00	 	3,000.00	 	0.00	 		 		 		 		 	
	10	 		 	 D.C. regulated power supply
	 		 		 	item	 	1.00	 	March-08	 	April-08	 	26,000.00	 	25,313.89	 	26,000.00	 	25,313.89	 		 		 		 		 	
	11	 		 	 electric motor
	 		 		 	item	 	1.00	 	March-08	 	April-08	 	5,000.00	 	4,868.06	 	5,000.00	 	4,868.06	 		 		 		 		 	
	12	 		 	 milling machine
	 	 FAW120T
	 	 Wuxi Fodoo
	 	item	 	1.00	 	April-08	 	May-08	 	42,082.50	 	42,082.50	 	42,082.50	 	42,082.50	 		 		 		 		 	
	13	 		 	 water equipment
	 		 	 Beijing
	 	item	 	1.00	 	April-08	 	May-08	 	45,250.00	 	45,250.00	 	45,250.00	 	45,250.00	 		 		 		 		 	
	14	 		 	 mould
	 		 		 	item	 	1.00	 	April-08	 	May-08	 	3,495.83	 	3,495.83	 	3,495.83	 	3,495.83	 		 		 		 		 	
	15	 		 	 bench magnifier
	 	 SKK-B/10X/220V
	 	 Japan
	 	item	 	1.00	 	April-08	 	May-08	 	4,007.50	 	4,007.50	 	4,007.50	 	4,007.50	 		 		 		 		 	
	16	 		 	 lathe
	 	 CM6125
	 	 Jinan First Machine Tool
	 	item	 	1.00	 	April-08	 	May-08	 	15,708.33	 	15,708.33	 	15,708.33	 	15,708.33	 		 		 		 		 	
	17	 		 	 milling machine
	 	 XA5032
	 	 Beijing No. 1 Machine Tool
	 	item	 	1.00	 	April-08	 	May-08	 	78,267.72	 	78,267.72	 	78,267.72	 	78,267.72	 		 		 		 		 	
	18	 		 	 universal knee-and-column milling machine
	 	 XQ6125B
	 	 Guilin
	 	item	 	1.00	 	April-08	 	May-08	 	25,783.80	 	25,783.80	 	25,783.80	 	25,783.80	 		 		 		 		 	
	19	 		 	 sclerometer
	 		 		 	item	 	1.00	 	April-08	 	May-08	 	6,123.33	 	6,123.33	 	6,123.33	 	6,123.33	 		 		 		 		 	
	20	 		 	 air compressor
	 	 B22-15
	 	 Shanghai Fengxian Installation and Vessels Factory
	 	item	 	1.00	 	April-08	 	May-08	 	45,807.64	 	45,807.64	 	45,807.64	 	45,807.64	 		 		 		 		 	

  

 - 29 - 

																																			
	21	 		 	 storage and delivery car
	 	 600*600*795
	 	 Shanghai Pute
	 	item	 	1.00	 	April-08	 	May-08	 	3,618.33	 	3,618.33	 	3,618.33	 	3,618.33	 		 		 		 		 	
	22	 		 	 rotational burnisher
	 	 XL60P
	 	 Dalian Longzheng
	 	item	 	1.00	 	April-08	 	May-08	 	14,836.67	 	14,836.67	 	14,836.67	 	14,836.67	 		 		 		 		 	
	23	 		 	 310 bedroom lathe
	 	 CTX310
	 	 Gildemeister
	 	item	 	1.00	 	April-08	 	May-08	 	601,883.45	 	601,883.45	 	601,883.45	 	601,883.45	 		 		 		 		 	
	24	 		 	 NC additional shaft
	 		 		 	item	 	1.00	 	April-08	 	May-08	 	16,572.60	 	16,572.60	 	16,572.60	 	16,572.60	 		 		 		 		 	
	25	 		 	 liquid sandblasting machine
	 		 	 Changkong Sand Blasting Equipment
	 	item	 	1.00	 	April-08	 	May-08	 	20,098.19	 	20,098.19	 	20,098.19	 	20,098.19	 		 		 		 		 	
	26	 		 	 centerless grinder
	 	 M1020A
	 	 Wuxi Machine Tool Plant
	 	item	 	1.00	 	April-08	 	May-08	 	60,638.94	 	60,638.94	 	60,638.94	 	60,638.94	 		 		 		 		 	
	27	 		 	 single axle NC electrical spark forming machine
	 	 CTE300K
	 	 Beijing Dimengkate Machine Tool
	 	item	 	1.00	 	April-08	 	May-08	 	48,416.67	 	48,416.67	 	48,416.67	 	48,416.67	 		 		 		 		 	
	28	 		 	 universal tool grinding machine
	 	 M6025A
	 	 Wuhan Machine Tool Works
	 	item	 	1.00	 	April-08	 	May-08	 	27,203.74	 	27,203.74	 	27,203.74	 	27,203.74	 		 		 		 		 	
	29	 		 	 lathe
	 	 HG-32
	 	 Liaoning
	 	item	 	1.00	 	April-08	 	May-08	 	23,096.27	 	23,096.27	 	23,096.27	 	23,096.27	 		 		 		 		 	
	30	 		 	 vertical machining center
	 	 MXR-460V
	 	 Beiyi Dayu
	 	item	 	1.00	 	April-08	 	May-08	 	571,023.75	 	571,023.75	 	571,023.75	 	571,023.75	 		 		 		 		 	
	31	 		 	 air compressor
	 	 B22-15
	 	 Shanghai Fengxian Installation and Vessels Factory
	 	item	 	1.00	 	April-08	 	May-08	 	23,941.67	 	23,941.67	 	23,941.67	 	23,941.67	 		 		 		 		 	
	32	 		 	 Zebra printer
	 		 		 	item	 	1.00	 	April-08	 	May-08	 	7,248.67	 	7,248.67	 	7,248.67	 	7,248.67	 		 		 		 		 	
	33	 		 	 DNC-B software and hardware
	 		 		 	item	 	1.00	 	April-08	 	May-08	 	12,132.16	 	12,132.16	 	12,132.16	 	12,132.16	 		 		 		 		 	
	34	 		 	 fast NC wire-cut machine
	 	 CTW400
	 	 Dimengkate Machine Tool
	 	item	 	1.00	 	April-08	 	May-08	 	57,131.67	 	57,131.67	 	57,131.67	 	57,131.67	 		 		 		 		 	
	35	 		 	 Haier air conditioner
	 		 		 	item	 	1.00	 	April-08	 	May-08	 	6,480.00	 	6,480.00	 	6,480.00	 	6,480.00	 		 		 		 		 	
	36	 		 	 ultrasonic wave cleaner
	 	 1000W
	 	 Siemens
	 	item	 	1.00	 	April-08	 	May-08	 	6,193.75	 	6,193.75	 	6,193.75	 	6,193.75	 		 		 		 		 	
	37	 		 	 abrasive finishing machine
	 		 		 	item	 	1.00	 	April-08	 	May-08	 	10,333.75	 	10,333.75	 	10,333.75	 	10,333.75	 		 		 		 		 	
	38	 		 	 vibrating burnisher
	 	 LZD150PSP
	 	 Dalian
	 	item	 	1.00	 	April-08	 	May-08	 	17,782.20	 	17,782.20	 	17,782.20	 	17,782.20	 		 		 		 		 	
	39	 		 	 knife sharperner
	 	 HDT30
	 	 Shandong
	 	item	 	1.00	 	April-08	 	May-08	 	8,772.50	 	8,772.50	 	8,772.50	 	8,772.50	 		 		 		 		 	
	40	 		 	 spark high-speed tapping machine
	 	 CTD703
	 	 Dimengkate Machine Tool
	 	item	 	1.00	 	April-08	 	May-08	 	22,480.00	 	22,480.00	 	22,480.00	 	22,480.00	 		 		 		 		 	
	41	 		 	 flat stone mill
	 	 M7120
	 	 Hangzhou Machine Tool Plant
	 	item	 	1.00	 	April-08	 	May-08	 	50,352.56	 		 	50,352.56	 	0.00	 		 		 		 		 	
	42	 		 	 numerical control machine
	 	 HYK20F
	 	 Shanghai Instrument
	 	item	 	1.00	 	April-08	 	May-08	 	154,761.17	 	154,761.17	 	154,761.17	 	154,761.17	 		 		 		 		 	
	43	 		 	 worktable
	 	 2000*750*860
	 	 Shanghai Bott
	 	item	 	1.00	 	April-08	 	May-08	 	3,600.82	 	3,600.82	 	3,600.82	 	3,600.82	 		 		 		 		 	
	44	 		 	 rotational burnisher
	 	 XL60P
	 	 Dalian Longzheng
	 	item	 	1.00	 	April-08	 	May-08	 	14,898.60	 	14,898.60	 	14,898.60	 	14,898.60	 		 		 		 		 	
	45	 		 	 lathe
	 	 CM6125
	 	 Jinan First Machine Tool
	 	item	 	1.00	 	April-08	 	May-08	 	16,868.67	 	16,868.67	 	16,868.67	 	16,868.67	 		 		 		 		 	
	46	 		 	 manual tailstockTS160RS
	 		 		 	item	 	1.00	 	April-08	 	May-08	 	9,374.40	 	9,374.40	 	9,374.40	 	9,374.40	 		 		 		 		 	
	47	 		 	 microscope
	 	 MF-A1020
	 	 Japan Mitutoyo
	 	item	 	1.00	 	April-08	 	May-08	 	171,222.33	 	171,222.33	 	171,222.33	 	171,222.33	 		 		 		 		 	
	48	 		 	 ultrasonic wave cleaner
	 	 1000W
	 	 Siemens
	 	item	 	1.00	 	April-08	 	May-08	 	4,453.33	 	4,453.33	 	4,453.33	 	4,453.33	 		 		 		 		 	

  

 - 30 - 

																																			
	Unit Price
of
Equipment	 	 Source
of Price
	 	Purchase
Price	 	Customs
Schedule %	 	Value-
added
Tax
Rate%	 	Bank
Finance
Charge	 	Foreign
Trade
Procedure
Fee	 	Inspection
Fee	 	Domestic
Freight	 	Installation
and Test
Cost	 	Fund
Cost
Rate	 	Reasonable
Completion
Time of
Project	 	Complete
Replacement
Value (Tax
included)	 	Complete
Replacement
Value (Tax
excluded)	 	Economic
Life	 	Depreciation
Rate of Year	 	On-site
Depreciation	 	Integrated
Depreciation
	13800.00	 	 2006 Electrical Price Guide
	 	27600.00	 		 		 		 		 		 	0.5	 	10	 		 		 	30500.00	 		 	10	 	58	 		 	

  

																													
	49	  	 forcing press
	  	JD23-4	  	 Zhejiang Metalforming Machinery
	  	item	  	1.00	  	April-08	  	May-08	  	7,330.29	  	7,330.29	  	7,330.29	  	7,330.29	  		  		  	
	50	  	 tool vehicle
	  	564*572*820	  		  	item	  	1.00	  	April-08	  	May-08	  	4,327.67	  	4,327.67	  	4,327.67	  	4,327.67	  		  		  	
	51	  	 electric burner
	  	SX-8-10	  	 Beijing Electric Furnace Works
	  	item	  	1.00	  	April-08	  	May-08	  	5,239.00	  	5,239.00	  	5,239.00	  	5,239.00	  		  		  	
	52	  	 vertical machining center
	  	MXR-460V	  	 Beijing No. 1 Numerical Control
	  	item	  	1.00	  	April-08	  	May-08	  	505,076.94	  	505,076.94	  	505,076.94	  	505,076.94	  		  		  	
	53	  	 worktable
	  	1500*750*800	  	 Shanghai Bott
	  	item	  	1.00	  	April-08	  	May-08	  	1,870.40	  	1,870.40	  	1,870.40	  	1,870.40	  		  		  	
	54	  	 scrap-iron car
	  	1000*850*870	  	 Shanghai Bott
	  	item	  	1.00	  	April-08	  	May-08	  	1,425.07	  	1,425.07	  	1,425.07	  	1,425.07	  		  		  	
	55	  	 storage drawer cabinet
	  	1125*600*2150	  	 Shanghai Bott
	  	item	  	1.00	  	April-08	  	May-08	  	2,260.07	  	2,260.07	  	2,260.07	  	2,260.07	  		  		  	
	56	  	 drill press
	  	E512-2A	  	 Xihu
	  	item	  	1.00	  	April-08	  	May-08	  	1,177.35	  	1,177.35	  	1,177.35	  	1,177.35	  		  		  	
	57	  	 tool milling machine
	  	X8130A	  	 Beijing Instrument and Meter Plant
	  	item	  	1.00	  	April-08	  	May-08	  	52,261.20	  	52,261.20	  	52,261.20	  	52,261.20	  		  		  	
	58	  	 projection grinder
	  	M9017B	  	 Third Shanghai Machine Tool Plant
	  	item	  	1.00	  	April-08	  	May-08	  	121,352.11	  	121,352.12	  	121,352.11	  	121,352.12	  		  		  	
	59	  	 NC circular table
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	79,315.20	  	79,315.20	  	79,315.20	  	79,315.20	  		  		  	
	60	  	 fast NC wire-cut machine
	  	FW1	  	 AgieCharmilles
	  	item	  	1.00	  	April-08	  	May-08	  	117,214.29	  	117,214.29	  	117,214.29	  	117,214.29	  		  		  	
	61	  	 hydrostatic press
	  	YJ32-100A	  	 Jiangdu, Chongqing
	  	item	  	1.00	  	April-08	  	May-08	  	51,722.55	  	51,722.55	  	51,722.55	  	51,722.55	  		  		  	
	62	  	 universal peripheral milling machine
	  	MG1420E	  	 Beijing No. 2 Machine Tool Works
	  	item	  	1.00	  	April-08	  	May-08	  	69,368.80	  	69,368.80	  	69,368.80	  	69,368.80	  		  		  	
	63	  	 fast NC wire-cut machine
	  	CTW400	  	 Dimengkate Machine Tool
	  	item	  	1.00	  	April-08	  	May-08	  	54,226.67	  	54,226.67	  	54,226.67	  	54,226.67	  		  		  	
	64	  	 numerically controlled lathe
	  	HYK20	  	 Shanghai Mingjing Machine Tool
	  	item	  	1.00	  	April-08	  	May-08	  	91,606.67	  	91,606.67	  	91,606.67	  	91,606.67	  		  		  	
	65	  	 universal dividing
	  	F11100	  	 Yantai
	  	item	  	1.00	  	April-08	  	May-08	  	1,579.23	  		  	1,579.23	  	0.00	  		  		  	
	66	  	 electrolytic rectifier
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	1,276.37	  		  	1,276.37	  	0.00	  		  		  	
	67	  	 black light lamp
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	3,365.61	  		  	3,365.61	  	0.00	  		  		  	
	68	  	 manostat
	  	WY15020	  	 Shanghai Wenya Power Voltage Manufacturing
	  	item	  	1.00	  	April-08	  	May-08	  	11,025.00	  		  	11,025.00	  	0.00	  		  		  	
	69	  	 storage racks
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	3,946.56	  		  	3,946.56	  	0.00	  		  		  	
	70	  	 fast NC wire-cut machine
	  	CTW400	  	 Dimengkate Machine Tool
	  	item	  	1.00	  	April-08	  	May-08	  	59,000.00	  		  	59,000.00	  	0.00	  		  		  	
		  		  		  	Subtotal	  		  		  		  		  	3,640,543.56	  	3,460,698.01	  	3,640,543.56	  	3,460,698.01	  	0.00	  	0.00	  	-100.00
		  		  		  	Total	  		  		  		  		  	3,640,543.56	  	3,460,698.01	  	3,640,543.56	  	3,460,698.01	  	0.00	  	0.00	  	-100.00

 Person filling out the form of company
in possession of the asset: Shili Zhang 
 Date of filing: May 15, 2008 

 

																																	
	 	 	 	 	 	 	 	 	 	 	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	  	 	 	 	 	 	 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Monetary Unit: RMB Yuan
													
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Book Value	 	Adjusted Book Value	 	Estimated Value	 	 	 	 
	 Serial
Number
	 	Number
Plate	 	Name of Car
&
Specifications
and Models	 	 Manufacturer
	 	 Unit of
Measurement
	 	Date of
Purchase	 	Start Date	 	Mileage
Driven
(km)	 	Original
Value	 	Net Value	 	Original
Value	 	Net Value	 	Original
Value	 	Depreciation
Rate %	 	Net
Value	 	Appreciation
Rate %	 	Remark
		 		 	car	 	 Shanghai General Motor
	 	vehicle	 	June-07	 	July-07	 		 	217,780.00	 	161.34	 	217,780.00	 	161.34	 		 		 		 	-100.00	 	
		 	KS4509	 	SGM6516ATA
Buick	 	 Shanghai General Motor
	 	vehicle	 	March-08	 	April-08	 		 	246,400.00	 	239,879.78	 	246,400.00	 	246,400.00	 		 		 		 		 	

  

 - 31 - 

 Fixed Assets—Electronic Equipment Inventory List Evaluation 

Table 5-2-3 

Base Date of Assessment: May 31, 2007 
  

																					
	 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Serial
Number
	 	 Equipment
Number
	 	 Equipment
Name
	 	 Specifications

and

Models
	 	 Manufacturer
	 	 Unit of
Measurement
	 	 Quantity
	 	 Date of

Acquisition
	 	 Start Date
	 	 Book Value

	 	 	 	 	 	 	 	 	 	 Original

Value
	 	 Net Value

		 		 	 storage racks
	 		 		 	item	 	1	 	August-02	 	September-02	 	2,950.00	 	64.06
		 		 	 iron cabinet
	 		 		 	item	 	2	 	February-03	 	March-03	 	1,640.00	 	289.56
		 		 	 desk
	 		 		 	item	 	1	 	March-03	 	April-03	 	850.00	 	150.08
		 		 	 cabinet
	 		 		 	item	 	2	 	July-03	 	August-03	 	3,000.00	 	530.00
		 		 	 photocopier
	 		 		 	item	 	1	 	October-03	 	November-03	 	3,500.00	 	618.16
		 		 	 fax machine
	 		 		 	item	 	1	 	October-03	 	November-03	 	2,400.00	 	424.00
		 		 	 24-piece cabinet
	 		 		 	item	 	1	 	November-03	 	December-03	 	1,500.00	 	265.00
		 		 	 DELL PC
	 		 		 	item	 	2	 	November-03	 	December-03	 	10,788.22	 	1,906.10
		 		 	 cellphone
	 		 		 	item	 	2	 	December-03	 	January-04	 	2,360.00	 	416.76
		 		 	 storage racks
	 		 		 	item	 	1	 	December-03	 	January-04	 	1,453.00	 	256.51
		 		 	 HP printer
	 		 		 	item	 	1	 	February-04	 	March-04	 	1,750.00	 	364.50
		 		 	 24-piece cabinet
	 		 		 	item	 	6	 	February-04	 	March-04	 	9,480.00	 	1,975.00
		 		 	 hard disk
	 		 		 	item	 	1	 	February-04	 	March-04	 	2,500.00	 	521.00
		 		 	 large three-drawer cabinet
	 		 		 	item	 	1	 	February-04	 	March-04	 	850.00	 	177.00
		 		 	 single bed
	 		 		 	item	 	1	 	August-05	 	September-05	 	450.00	 	221.84
		 		 	 air conditioner
	 		 		 	item	 	1	 	August-05	 	September-05	 	3,000.00	 	1,480.00
		 		 	 computer
	 		 		 	item	 	1	 	July-07	 	August-07	 	3,968.64	 	3,403.08
		 		 	 DVD (technology)
	 		 		 	item	 	1	 	January-08	 	February-08	 	15,276.00	 	14,066.65
		 		 	 printer
	 		 		 	item	 	1	 	February-08	 	March-08	 	2,393.16	 	2,266.85
		 		 	 desktop (factory)
	 		 		 	item	 	1	 	February-08	 	March-08	 	2,295.54	 	2,174.39
		 		 	 bed
	 		 		 	item	 	1	 	March-08	 	April-08	 	1,485.00	 	1,445.81
		 		 	 fax machine
	 		 		 	item	 	1	 	May-00	 	June-00	 	2,800.00	 	
		 		 	 table for computer
	 		 		 	item	 	1	 	May-00	 	June-00	 	350.00	 	
		 		 	 chair
	 		 		 	item	 	1	 	May-00	 	June-00	 	700.00	 	
		 		 	 water fountain
	 		 		 	item	 	1	 	May-00	 	June-00	 	350.00	 	
		 		 	 iron cabinet
	 		 		 	item	 	1	 	March-02	 	April-02	 	3,200.00	 	
		 		 	 iron cabinet
	 		 		 	item	 	1	 	May-00	 	June-00	 	3,520.00	 	
		 		 	 wooden cabinet
	 		 		 	item	 	1	 	May-00	 	June-00	 	1,000.00	 	
		 		 	 desk
	 		 		 	item	 	1	 	May-00	 	June-00	 	1,000.00	 	
		 		 	 safe
	 		 		 	item	 	1	 	May-00	 	June-00	 	2,200.00	 	
		 		 	 computer
	 		 		 	item	 	1	 	April-08	 	May-08	 	5,187.18	 	5,187.18
		 		 	 display equipment
	 		 		 	item	 	1	 	April-08	 	May-08	 	3,165.30	 	3,165.30
		 		 	 desk
	 		 		 	item	 	1	 	April-08	 	May-08	 	1,656.79	 	1,656.79
		 		 	 desk
	 		 		 	item	 	1	 	April-08	 	May-08	 	6,212.50	 	6,212.50
		 		 	 computer supply
	 		 		 	item	 	1	 	April-08	 	May-08	 	4,786.38	 	4,786.38
		 		 	 iron sheet cabinet
	 		 		 	item	 	1	 	April-08	 	May-08	 	1,837.00	 	1,837.00
											
		 		 		 	 Subtotal
	 		 		 		 		 		 	111,854.71	 	55,861.50
		 		 		 	 Total
	 		 		 		 		 		 	111,854.71	 	55,861.50

  

 - 32 - 

													
	 	 	 	 	 	 	 	 	Monetary Unit: RMB Yuan
	Adjusted Book
Value	 	Estimated Value	 	Appreciation
Rate %	 	Remark
	Original
Value	 	Net Value	 	Original
Value	 	Depreciation
Rate %	 	Net Value	 	 
	2,950.00	 	64.06	 		 	15.00	 	0.00	 	-100.00	 	
	1,640.00	 	289.56	 		 	15.00	 	0.00	 	-100.00	 	
	850.00	 	150.08	 		 	15.00	 	0.00	 	-100.00	 	
	3,000.00	 	530.00	 		 	4.99	 	0.00	 	-100.00	 	
	3,500.00	 	618.16	 		 	10.03	 	0.00	 	-100.00	 	
	2,400.00	 	424.00	 		 	10.03	 	0.00	 	-100.00	 	
	1,500.00	 	265.00	 		 	11.73	 	0.00	 	-100.00	 	
	10,788.22	 	1,906.10	 		 	11.78	 	0.00	 	-100.00	 	
	2,360.00	 	416.76	 		 	13.37	 	0.00	 	-100.00	 	
	1,453.00	 	256.51	 		 	13.42	 	0.00	 	-100.00	 	
	1,750.00	 	364.50	 		 	17.10	 	0.00	 	-100.00	 	
	9,480.00	 	1,975.00	 		 	17.59	 	0.00	 	-100.00	 	
	2,500.00	 	521.00	 		 	17.10	 	0.00	 	-100.00	 	
	850.00	 	177.00	 		 	17.15	 	0.00	 	-100.00	 	
	450.00	 	221.84	 		 	46.79	 	0.00	 	-100.00	 	
	3,000.00	 	1,480.00	 		 	46.85	 	0.00	 	-100.00	 	
	3,968.64	 	3,403.08	 		 	85.04	 	0.00	 	-100.00	 	
	15,276.00	 	14,066.65	 		 	95.12	 	0.00	 	-100.00	 	
	2,393.16	 	2,266.85	 		 	96.82	 	0.00	 	-100.00	 	
	2,295.54	 	2,174.39	 		 	96.82	 	0.00	 	-100.00	 	
	1,485.00	 	1,445.81	 		 	98.41	 	0.00	 	-100.00	 	
	2,800.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	350.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	700.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	350.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	3,200.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	3,520.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	1,000.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	1,000.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	2,200.00	 	0.00	 		 	15.00	 	0.00	 	#DIV/0!	 	
	5,187.18	 	5,187.18	 		 	100.11	 	0.00	 	-100.00	 	
	3,165.30	 	3,165.30	 		 	100.16	 	0.00	 	-100.00	 	
	1,656.79	 	1,656.79	 		 	100.22	 	0.00	 	-100.00	 	
	6,212.50	 	6,212.50	 		 	100.27	 	0.00	 	-100.00	 	
	4,786.38	 	4,786.38	 		 	100.33	 	0.00	 	-100.00	 	
	1,837.00	 	1,837.00	 		 		 		 		 	
							
	111,854.71	 	55,861.50	 	0.00	 		 	0.00	 	-100.00	 	
	111,854.71	 	55,861.50	 	0.00	 		 	0.00	 	-100.00	 	

  

 - 33 - 

 Fixed Assets—Machinery Equipment Inventory List Evaluation (Inventory List of equipments to be
transferred from Keiyibangen to Libeier) 
 Name of company in possession of the asset: Beijing Libeirer Biology Engineering Research
Institute Co., Ltd. 
  

																									
	 Serial

Number
	  	 Equipment
Number
	  	 Equipment
Name
	  	 Specifications

and

Models
	  	 Manufacturer
	  	 Unit of
Measurement
	  	Quantity	  	 Date of
Purchase
	  	 Start Date
	  	Book Value	  	Adjusted Book Value
	  	  	  	  	  	  	  	  	  	Original
Value	  	Net Value	  	Original
Value	  	Net Value
	12	  		  	 milling machine
	  	FAW120T	  	Wuxi Fodoo	  	item	  	1.00	  	April-08	  	May-08	  	42,082.50	  	42,082.50	  	42,082.50	  	42,082.50
	13	  		  	 water equipment
	  		  	Beijing	  	item	  	1.00	  	April-08	  	May-08	  	45,250.00	  	45,250.00	  	45,250.00	  	45,250.00
	14	  		  	 mould
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	3,495.83	  	3,495.83	  	3,495.83	  	3,495.83
	15	  		  	 bench magnifier
	  	SKK-B/10X/22	  	Japan	  	item	  	1.00	  	April-08	  	May-08	  	4,007.50	  	4,007.50	  	4,007.50	  	4,007.50
	16	  		  	 lathe
	  	CM6125	  	Jinan First Ma	  	item	  	1.00	  	April-08	  	May-08	  	15,708.33	  	15,708.33	  	15,708.33	  	15,708.33
	17	  		  	 milling machine
	  	XA5032	  	Beijing No.1	  	item	  	1.00	  	April-08	  	May-08	  	78,267.72	  	78,267.72	  	78,267.72	  	78,267.72
	18	  		  	 universal knee-and-column milling machine
	  	XQ6125B	  	Guilin	  	item	  	1.00	  	April-08	  	May-08	  	25,783.80	  	25,783.80	  	25,783.80	  	25,783.80
	19	  		  	 sclerometer
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	6,123.33	  	6,123.33	  	6,123.33	  	6,123.33
	20	  		  	 air compressor
	  	B22-15	  	Shanghai Feng	  	item	  	1.00	  	April-08	  	May-08	  	45,807.64	  	45,807.64	  	45,807.64	  	45,807.64
	21	  		  	 storage and delivery car
	  	600*600*795	  	Shanghai Pute	  	item	  	1.00	  	April-08	  	May-08	  	3,618.33	  	3,618.33	  	3,618.33	  	3,618.33
	22	  		  	 rotational burnisher
	  	XL60P	  	Dalian Longzh	  	item	  	1.00	  	April-08	  	May-08	  	14,836.67	  	14,836.67	  	14,836.67	  	14,836.67
	23	  		  	 310 bedroom lathe
	  	CTX310	  	Gildemeister	  	item	  	1.00	  	April-08	  	May-08	  	601,883.45	  	601,883.45	  	601,883.45	  	601,883.45
	24	  		  	 NC additional shaft
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	16,572.60	  	16,572.60	  	16,572.60	  	16,572.60
	25	  		  	 liquid sandblasting machine
	  		  	Changkong Sar	  	item	  	1.00	  	April-08	  	May-08	  	20,098.19	  	20,098.19	  	20,098.19	  	20,098.19
	26	  		  	 centerless grinder
	  	M1020A	  	Wuxi Machine	  	item	  	1.00	  	April-08	  	May-08	  	60,638.94	  	60,638.94	  	60,638.94	  	60,638.94
	27	  		  	 single axle NC electrical spark forming machine
	  	CTE300K	  	Beijing Dimen	  	item	  	1.00	  	April-08	  	May-08	  	48,416.67	  	48,416.67	  	48,416.67	  	48,416.67
	28	  		  	 universal tool grinding machine
	  	M6025A	  	Wuhan Machin	  	item	  	1.00	  	April-08	  	May-08	  	27,203.74	  	27,203.74	  	27,203.74	  	27,203.74
	29	  		  	 lathe
	  	HG-32	  	Liaoning	  	item	  	1.00	  	April-08	  	May-08	  	23,096.27	  	23,096.27	  	23,096.27	  	23,096.27
	30	  		  	 vertical machining center
	  	MXR-460V	  	Beiyi Dayu	  	item	  	1.00	  	April-08	  	May-08	  	571,023.75	  	571,023.75	  	571,023.75	  	571,023.75
	31	  		  	 air compressor
	  	B22-15	  	Shanghai Feng	  	item	  	1.00	  	April-08	  	May-08	  	23,941.67	  	23,941.67	  	23,941.67	  	23,941.67
	32	  		  	 Zebra printer
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	7,248.67	  	7,248.67	  	7,248.67	  	7,248.67
	33	  		  	 DNC-B software and hardware
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	12,132.16	  	12,132.16	  	12,132.16	  	12,132.16
	34	  		  	 fast NC wire-cut machine
	  	CTW400	  	Dimengkate M	  	item	  	1.00	  	April-08	  	May-08	  	57,131.67	  	57,131.67	  	57,131.67	  	57,131.67
	35	  		  	 Haier air conditioner
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	6,480.00	  	6,480.00	  	6,480.00	  	6,480.00
	36	  		  	 ultrasonic wave cleaner
	  	1000W	  	Siemens	  	item	  	1.00	  	April-08	  	May-08	  	6,193.75	  	6,193.75	  	6,193.75	  	6,193.75
	37	  		  	 abrasive finishing machine
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	10,333.75	  	10,333.75	  	10,333.75	  	10,333.75
	38	  		  	 vibrating burnisher
	  	LZD150PSP	  	Dalian	  	item	  	1.00	  	April-08	  	May-08	  	17,782.20	  	17,782.20	  	17,782.20	  	17,782.20
	39	  		  	 knife sharpener
	  	HDT30	  	Shandong	  	item	  	1.00	  	April-08	  	May-08	  	8,772.50	  	8,772.50	  	8,772.50	  	8,772.50
	40	  		  	 spark high-speed tapping machine
	  	CTD703	  	Dimengkate M	  	item	  	1.00	  	April-08	  	May-08	  	22,480.00	  	22,480.00	  	22,480.00	  	22,480.00
	41	  		  	 flat stone mill
	  	M7120	  	Hangzhou Mac	  	item	  	1.00	  	April-08	  	May-08	  	50,352.56	  		  	50,352.56	  	0.00
	42	  		  	 numerical control machine
	  	HYK20F	  	Shanghai Instr	  	item	  	1.00	  	April-08	  	May-08	  	154,761.17	  	154,761.17	  	154,761.17	  	154,761.17
	43	  		  	 worktable
	  	2000*750*860	  	Shanghai Bott	  	item	  	1.00	  	April-08	  	May-08	  	3,600.82	  	3,600.82	  	3,600.82	  	3,600.82
	44	  		  	 rotational burnisher
	  	XL60P	  	Dalian Longzh	  	item	  	1.00	  	April-08	  	May-08	  	14,898.60	  	14,898.60	  	14,898.60	  	14,898.60
	45	  		  	 lathe
	  	CM6125	  	Jinan First Mac	  	item	  	1.00	  	April-08	  	May-08	  	16,868.67	  	16,868.67	  	16,868.67	  	16,868.67
	46	  		  	 manual tailstock TS160RS
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	9,374.40	  	9,374.40	  	9,374.40	  	9,374.40
	47	  		  	 microscope
	  	MF-A1020	  	Japan Mitutoy	  	item	  	1.00	  	April-08	  	May-08	  	171,222.33	  	171,222.33	  	171,222.33	  	171,222.33
	48	  		  	 ultrasonic wave cleaner
	  	1000W	  	Siemens	  	item	  	1.00	  	April-08	  	May-08	  	4,453.33	  	4,453.33	  	4,453.33	  	4,453.33
	49	  		  	 forcing press
	  	JD23-4	  	Zhejiang Metal	  	item	  	1.00	  	April-08	  	May-08	  	7,330.29	  	7,330.29	  	7,330.29	  	7,330.29
	50	  		  	 tool vehicle
	  	564*572*820	  		  	item	  	1.00	  	April-08	  	May-08	  	4,327.67	  	4,327.67	  	4,327.67	  	4,327.67
	51	  		  	 electric burner
	  	SX-8-10	  	Beijing Electric	  	item	  	1.00	  	April-08	  	May-08	  	5,239.00	  	5,239.00	  	5,239.00	  	5,239.00
	52	  		  	 vertical machining center
	  	MXR-460V	  	Beijing No. 1	  	item	  	1.00	  	April-08	  	May-08	  	505,076.94	  	505,076.94	  	505,076.94	  	505,076.94
	53	  		  	 worktable
	  	1500*750*800	  	Shanghai Bott	  	item	  	1.00	  	April-08	  	May-08	  	1,870.40	  	1,870.40	  	1,870.40	  	1,870.40
	54	  		  	 scrap-iron car
	  	1000*850*870	  	Shanghai Bott	  	item	  	1.00	  	April-08	  	May-08	  	1,425.07	  	1,425.07	  	1,425.07	  	1,425.07
	55	  		  	 storage drawer cabinet
	  	1125*600*215	  	Shanghai Bott	  	item	  	1.00	  	April-08	  	May-08	  	2,260.07	  	2,260.07	  	2,260.07	  	2,260.07

  

 - 34 - 

																									
	56	  		  	 drill press
	  	E512-2A	  	Xihu	  	item	  	1.00	  	April-08	  	May-08	  	1,177.35	  	1,177.35	  	1,177.35	  	1,177.35
	57	  		  	 tool miling machine
	  	X8130A	  	Baijing Instrum	  	item	  	1.00	  	April-08	  	May-08	  	52,261.20	  	52,261.20	  	52,261.20	  	52,261.20
	58	  		  	 projection grinder
	  	M9017B	  	Third Shanghai	  	item	  	1.00	  	April-08	  	May-08	  	121,352.11	  	121,352.12	  	121,352.11	  	121,352.12
	59	  		  	 NC circular table
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	79,315.20	  	79,315.20	  	79,315.20	  	79,315.20
	60	  		  	 fast NC wire-cut machine
	  	FW1	  	AgieCharmille	  	item	  	1.00	  	April-08	  	May-08	  	117,214.29	  	117,214.29	  	117,214.29	  	117,214.29
	61	  		  	 hydrostatic press
	  	YJ32-100A	  	Jiangdu, Chong	  	item	  	1.00	  	April-08	  	May-08	  	51,722.55	  	51,722.55	  	51,722.55	  	51,722.55
	62	  		  	 universal peripheral milling machine
	  	MG1420E	  	Beijing No. 2	  	item	  	1.00	  	April-08	  	May-08	  	69,368.80	  	69,368.80	  	69,368.80	  	69,368.80
	63	  		  	 fast NC wire-cut machine
	  	CTW400	  	Dimengkate M	  	item	  	1.00	  	April-08	  	May-08	  	54,226.67	  	54,226.67	  	54,226.67	  	54,226.67
	64	  		  	 numerically controlled lathe
	  	HYK20	  	Shanghai Ming	  	item	  	1.00	  	April-08	  	May-08	  	91,606.67	  	91,606.67	  	91,606.67	  	91,606.67
	65	  		  	 universal dividing
	  	F11100	  	Yantai	  	item	  	1.00	  	April-08	  	May-08	  	1,579.23	  		  	1,579.23	  	0.00
	66	  		  	 electrolytic rectifier
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	1,276.37	  		  	1,276.37	  	0.00
	67	  		  	 black light lamp
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	3,365.61	  		  	3,365.61	  	0.00
	68	  		  	 manostat
	  	WY15020	  	Shanghai Wen	  	item	  	1.00	  	April-08	  	May-08	  	11,025.00	  		  	11,025.00	  	0.00
	69	  		  	 storage racks
	  		  		  	item	  	1.00	  	April-08	  	May-08	  	3,946.56	  		  	3,946.56	  	0.00
		  		  	Subtotal	  		  		  		  		  		  		  	3,438,910.56	  		  		  	
	  
 Fixed Assets—Electronic Equipment
Inventory List Evaluation
  
 Base Date of
Assessment: May 31, 2007
  

	 0
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Serial

Number
	  	 Equipment
Number
	  	 Environment
Name
	  	 Specifications and
Models
	  	 Manufacturer
	  	 Unit of
Measurement
	  	Quantity	  	 Date of
Acquisition
	  	 Start Date
	  	Book Value	  	Adjusted Book Value
	  	  	  	  	  	  	  	  	  	Original
Value	  	Net Value	  	Original
Value	  	Net Value
		  		  	 computer
	  		  		  	item	  	1	  	April-08	  	May-08	  	5,187.18	  	5,187.18	  	5,187.18	  	5,187.18
		  		  	 display equipment
	  		  		  	item	  	1	  	April-08	  	May-08	  	3,165.30	  	3,165.30	  	3,165.30	  	3,165.30
		  		  	 desk
	  		  		  	item	  	1	  	April-08	  	May-08	  	1,656.79	  	1,656.79	  	1,656.79	  	1,656.79
		  		  	 desk
	  		  		  	item	  	1	  	April-08	  	May-08	  	6,212.50	  	6,212.50	  	6,212.50	  	6,212.50
		  		  	 computer equipment
	  		  		  	item	  	1	  	April-08	  	May-08	  	4,796.39	  	4,786.38	  	4,786.38	  	4,786.38
		  		  	 iron sheet cabinet
	  		  		  	item	  	1	  	4/6/08	  	May-08	  	1,837.00	  	1,837.00	  	1,837.00	  	1,837.00
		  		  	Subtotal	  		  		  		  		  		  		  	22,845.15	  	22,845.15	  	22,845.15	  	22,845.15
													
		  		  	Total	  		  		  		  		  		  		  	3,461,755.71	  		  		  	

  

 - 35 - 

 Schedule 3 

List of Key Employees 

Beijing Libeier Biology Engineering Research Institute Co., Ltd. 

Key Employee Information 
  

					
	Name	  	Guo Qian	  	Nie Hongxin
	Gender	  	Male	  	Female
	Identification Card Number	  	11010819690208571X	  	410403197211032041
	Address	  	No. 7, Unit 53, No. 5 South Street of Zhongguan Village, Haidian District, Beijing	  	Room 801, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing
	Position	  	Legal Representative, Manager	  	Manager

  

 - 36 - 

 Exhibit C 

Form of Employment Contract 
  

 - 37 - 

 LABOR CONTRACT 

 

			
	Party A:	  	Beijing Libeier Biology Engineering Research Institute Co., Ltd.
		
	Party B:	  	Nie Hongxin
		
	Date:	  	January 1, 2008

 Made Under the Supervision of
Beijing Municipal Bureau of Labor and Social Security 
  

 - 38 - 

 Pursuant to the Labor Law of the People’s Republic of China, the Labor
Contract Law of the People’s Republic of China and the applicable laws and regulations of Beijing, Party A and Party B hereby agree to enter into this Contract in the principle of equal and free will with the intent to comply with the terms
set forth herein. 
 I. Information on the Parties to the Contract 

Article 1 Party A: Beijing Libeier Biology Engineering Research Institute Co., Ltd. 

Legal Representative (Principal Person in Charge) or Authorized Representative: Guo Qian 

Registered Address: Room 804, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Business Address: same as above 

Article 2 Party B: Nie Hongxin         Sex: Female 

Type of Household Registration (agricultural or non-agricultural): non-agricultural 

PRC Identity Card Number: 410703197211032041 

Residential Address in Beijing: Room 804, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Place of Household Registration: Haidian District, Beijing 

II. Term 
 Article 3 This
Contract is a fixed term labor contract. 
 This Contract shall take effect on January 1, 2008 and terminate on
December 31, 2010. 
 III. Job Description and Location 

Article 4 Party B agrees to hold the position of Manager, in light of Party A’s work requirements. 

Article 5 According to the features of the position (type of work) offered by Party A, the working region or site of Party B shall be Beijing.

  

 - 39 - 

 Article 6 Party B’s work shall meet the requirement in accordance to the responsibility requirements
set forth in the Job Description (the Job Description attached hereto has the same legal force and effect with this Contract). 

IV. Work Hour, Vacation and Holiday 

Article 7 Party A will adopt standard work hour for Party B and will pay overtime salary in accordance with state provisions. 

Article 8 The vacation system adopted by Party A for Party B will comply with the state provisions and statutory holidays, or Party A will provide to
Party B days off for such days that Party B may not have overtime salary. 
 V. Remuneration 

Article 9 Party A will make salary payment to Party B in currency on the
12th day
 each month, details of which are set forth in the Employee Registration Form. 
 VI. Social Security and other
Insurances and Welfares 
 Article 10 Party A and Party B will participate in the social security program as stipulated by the state and
Beijing municipality. Party A is responsible for handling relevant social security formalities for Party B and assuming relevant social security obligations. 

Article 11 The medical entitlement that Party B may have due to illness or non-work-related injuries will apply relevant provisions as stipulated by the
state and Beijing municipality. Article 12 The medical entitlement that Party B may have due to occupational illness or work-related injuries will apply relevant provisions as stipulated by the state and Beijing municipality. 

Article 13 The relevant state provisions may apply where Party B have had insurance at his/her previous employer and may show evidence to prove so.

 VII. Labor Protection, Labor Condition and Protection of Occupational Damages 

Article 13 Party A will equip Party B with necessary safety protection measures, and labor protection items in light of job requirements and in
accordance with the state provisions in relation to labor safety and hygiene. 
 Article 14 Party A will set up safe production system in
accordance with state laws and regulations; Party B shall strictly adhere to Party A’s labor safety system, avoid any performance in violation of relevant rules, prevent accident in the performance of his/her duties and reduce occupational
damages. 
 Article 15 Party A shall establish and improve an accountability system for the prevention and treatment of occupational illness,
strengthen management on the prevention and treatment of occupational illness, and improve the prevention and treatment of occupational illness. 
  

 - 40 - 

 VIII. Cancellation and Termination of Contract; Economic Compensation 

Article 16 The cancellation, termination and extension of this Contract shall apply the Labor Contract Law of the People’s Republic of China
and relevant provisions as stipulated by the state and Beijing municipality. 
 Article 17 If Party A encounters change of business operation,
and its additional employees can neither proceed with original jobs, nor change to other work positions. 
 Article 18 If Party B violates the
responsibility requirements set forth in the Job Description, and labor discipline, regulations and rules that he/she may be dismissed according to relevant provisions and regulations of the enterprise. Party A is entitled to terminate this Contract
at any time. 
 Article 19 Upon cancellation or termination of this Contract, Party A shall issue to Party B a certificate to prove such
cancellation or termination and handle relevant formalities for the transfer of personal record and social security relation within fifteen (15) days. 

Article 20 Party B shall conduct handover formalities as agreed by the parties and the economic compensation, if any, shall be paid to Party B when such
formalities are conducted; one-month salary of Party B will be deducted if a one-month prior notice is not given by Party B, or his/her resignation made orally or by text messages is not approved, or the handover formalities fail to be performed;
Party A may unilaterally terminate this Contract and deduct one-month salary of Party B if Party B leaves his/her position without Party A’s approval or fails to return to job after holiday on time. 

IX Supplementary Provisions 

Article 21 Party A may, in light of actual situation of the Company and Party B’s conducts and performance, adjust salary standard for Party B and
Party B shall complete his/her work index in accordance with relevant provisions. 
 Article 22 Party A will grant Party B some moral or
material awards if Party plays a exemplary role in complying with the Company’s regulations and rules, makes extraordinary contribution in performing his/her duties, conducts certain technical innovation, or improves business management of the
Company during production and work; Party B may get salary increase and position promotion for his/her extraordinary contribution. 
 Article 23
Party A may, in light of production and business operating requirements, adjust work hours, including commencing time and ending time, and may ask Party B to work on statutory holidays and rest days; Party B shall work upon such request except some
special reasons are presented; provided, however, Party A shall strictly control overtime, and shall arrange rotating days off for Party B or pay overtime salary to Party B in accordance with relevant provisions. 

 

 - 41 - 

 X. Labor Dispute Resolution and Others 

Article 24 With respect to any dispute between the parties due to the performance of this Contract, the relevant party may submit such dispute to the
Party A’s Labor Dispute Mediation Commission for mediation; if no mediation can be reached, the party may submit such dispute to the Labor Dispute Arbitration Commission for arbitration. Either party may also directly submit such dispute to the
Labor Dispute Arbitration Commission for arbitration. 
 Article 25 The Labor System of the Company is attached hereto. 

Article 26 Anything not covered herein or inconsistent with the stipulations by the state or Beijing municipality shall apply the relevant provisions.

 Article 27 This Contract shall be in two (2) counterparts and each Party shall hold one of them. 

Party A (company seal): Beijing Libeier Biology Engineering Research Institute Co., Ltd. (affixed with company seal) 

Party B (signature): /s/   Nie Hongxin                
(signature) 
  

 - 42 - 

 LABOR CONTRACT 

 

			
	Party A:	  	Beijing Libeier Biology Engineering Research Institute Co., Ltd.
		
	Party B:	  	Guo Qian
		
	Date:	  	January 1, 2008

 Made Under the Supervision of Beijing
Municipal Bureau of Labor and Social Security 
  

 - 43 - 

 Pursuant to the Labor Law of the People’s Republic of China, the Labor
Contract Law of the People’s Republic of China and the applicable laws and regulations of Beijing, Party A and Party B hereby agree to enter into this Contract in the principle of equal and free will with the intent to comply with the terms
set forth herein. 
 I. Information on the Parties to the Contract 

Article 1 Party A: Beijing Libeier Biology Engineering Research Institute Co., Ltd. 

Legal Representative (Principal Person in Charge) or Authorized Representative: Guo Qian 

Registered Address: Room 804, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Business Address: same as above 
 Article 2
Party B: Guo Qian         Sex: Male 
 Type of Household Registration (agricultural or
non-agricultural): non-agricultural 
 PRC Identity Card Number: 11010819690208571X 

Residential Address in Beijing: No. 7, Unit 53, 5 South Zhongguancun Street, Haidian District, Beijing 

Place of Household Registration: Haidian District, Beijing 

II. Term 
 Article 3 This
Contract is a fixed term labor contract. 
 This Contract shall take effect on January 1, 2008 and terminate on
December 31, 2010. 
 III. Job Description and Location 

Article 4 Party B agrees to hold the position of Legal Representative and Manager, in light of Party A’s work requirements. 

Article 5 According to the features of the position (type of work) offered by Party A, the working region or site of Party B shall be Beijing.

  

 - 44 - 

 Article 6 Party B’s work shall meet the requirement in accordance to the responsibility requirements
set forth in the Job Description (the Job Description attached hereto has the same legal force and effect with this Contract). 

IV. Work Hour, Vacation and Holiday 

Article 7 Party A will adopt standard work hour for Party B and will pay overtime salary in accordance with state provisions. 

Article 8 The vacation system adopted by Party A for Party B will comply with the state provisions and statutory holidays, or Party A will provide to
Party B days off for such days that Party B may not have overtime salary. 
 V. Remuneration 

Article 9 Party A will make salary payment to Party B in currency on the
12th day
 each month, details of which are set forth in the Employee Registration Form. 
 VI. Social Security and other
Insurances and Welfares 
 Article 10 Party A and Party B will participate in the social security program as stipulated by the state and
Beijing municipality. Party A is responsible for handling relevant social security formalities for Party B and assuming relevant social security obligations. 

Article 11 The medical entitlement that Party B may have due to illness or non-work-related injuries will apply relevant provisions as stipulated by the
state and Beijing municipality. 
 Article 12 The medical entitlement that Party B may have due to occupational illness or work-related injuries
will apply relevant provisions as stipulated by the state and Beijing municipality. 
 Article 13 The relevant state provisions may apply where
Party B have had insurance at his/her previous employer and may show evidence to prove so. 
 VII. Labor Protection, Labor
Condition and Protection of Occupational Damages 
 Article 13 Party A will equip Party B with necessary safety protection measures, and
labor protection items in light of job requirements and in accordance with the state provisions in relation to labor safety and hygiene. 

Article 14 Party A will set up safe production system in accordance with state laws and regulations; Party B shall strictly adhere to Party A’s
labor safety system, avoid any performance in violation of relevant rules, prevent accident in the performance of his/her duties and reduce occupational damages. 

Article 15 Party A shall establish and improve an accountability system for the prevention and treatment of occupational illness, strengthen management
on the prevention and treatment of occupational illness, and improve the prevention and treatment of occupational illness. 
  

 - 45 - 

 VIII. Cancellation and Termination of Contract; Economic Compensation 

Article 16 The cancellation, termination and extension of this Contract shall apply the Labor Contract Law of the People’s Republic of China
and relevant provisions as stipulated by the state and Beijing municipality. 
 Article 17 If Party A encounters change of business operation,
and its additional employees can neither proceed with original jobs, nor change to other work positions. 
 Article 18 If Party B violates the
responsibility requirements set forth in the Job Description, and labor discipline, regulations and rules that he/she may be dismissed according to relevant provisions and regulations of the enterprise, Party A is entitled to terminate this Contract
at any time. 
 Article 19 Upon cancellation or termination of this Contract, Party A shall issue to Party B a certificate to prove such
cancellation or termination and handle relevant formalities for the transfer of personal record and social security relation within fifteen (15) days. 

Article 20 Party B shall conduct handover formalities as agreed by the parties and the economic compensation, if any, shall be paid to Party B upon
completion of such formalities; one-month salary of Party B will be deducted if a one-month prior notice is not given by Party B, or his/her resignation made orally or by text messages is not approved, or the handover formalities fail to be
performed; Party A may unilaterally terminate this Contract and deduct one-month salary of Party B if Party B leaves his/her position without Party A’s approval or fails to return to job after holiday on time. 

IX Supplementary Provisions 

Article 21 Party A may, in light of actual situation of the Company and Party B’s conducts and performance, adjust salary standard for Party B and
Party B shall complete his/her work index in accordance with relevant provisions. 
 Article 22 Party A will grant Party B some moral or
material awards if Party plays a exemplary role in complying with the Company’s regulations and rules, makes extraordinary contribution in performing his/her duties, conducts certain technical innovation, or improves business management of the
Company during production and work; Party B may get salary increase and position promotion for his/her extraordinary contribution. 
 Article 23
Party A may, in light of production and business operating requirements, adjust work hours, including commencing time and ending time, and may ask Party B to work on statutory holidays and rest days; Party B shall work upon such request except some
special reasons are presented; provided, however, Party A shall strictly control overtime, and shall arrange rotating days off for Party B or pay overtime salary to Party B in accordance with relevant provisions. 

 

 - 46 - 

 X. Labor Dispute Resolution and Others 

Article 24 With respect to any dispute between the parties due to the performance of this Contract, the relevant party may submit such dispute to the
Party A’s Labor Dispute Mediation Commission for mediation; if no mediation can be reached, the party may submit such dispute to the Labor Dispute Arbitration Commission for arbitration. Either party may also directly submit such dispute to the
Labor Dispute Arbitration Commission for arbitration. 
 Article 25 The Labor System of the Company is attached hereto. 

Article 26 Anything not covered herein or inconsistent with the stipulations by the state or Beijing municipality shall apply the relevant provisions.

 Article 27 This Contract shall be in two (2) counterparts and each Party shall hold one of them. 

Party A (company seal) : Beijing Libeier Biology Engineering Research Institute Co., Ltd. (affixed with company seal) 

Party B (signature): /s/  Guo Qian                
(signature) 
  

 - 47 - 

 Supplementary Agreement 

This Supplementary Agreement dated November 5, 2008 is entered into
in            , China by and among the following parties: 
  

	 	1.	Guo Qian 

 PRC Identity
Card Number: 11010819690208571x 
 Address: No. 7, Unit 53, 5 Zhongguancun South Road, Haidian District, Beijing 

 

	 	2.	Nie Hongxin 

 PRC Identity
Card Number: 410703197211032041 
 Address: Room 0107, 4/F, Wanliu Guangda Park, 2 Quanzong Road, Haidian District, Beijing

 (Guo Qian and Nie Hongxin are hereinafter individually and collectively referred to as “Transferor”.)

  

	 	3.	China Kanghui Holdings (“Transferee”)  

Legal Address: Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman Y1-1111, Cayman Islands 

Authorized Representative: Jiang Yikang 
  

	 	4.	Beijing Libeier Biology Engineering Research Institute Co., Ltd. (the “Company”) 

Legal Address: 804B, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Legal Representative: Guo Qian 

(The above parties are hereinafter individually referred to as a “Party” and collectively referred to as the
“Parties”.) 
  

 - 48 - 

 WHEREAS: 

The Parties entered into an Equity Transfer Agreement on [    ] (the “Agreement”) pursuant to which Transferor would
transfer the 100% Equity Interest it owned in the registered capital of the Company to Transferee. [The Equity Transfer has been registered with the competent administration for industry and commerce.] In accordance with the special agreements under
the Agreement, in consideration of Transferor’s contributions to the Company over the years, the Company will pay Transferor certain incentive amount based on the operating performance of the Company in 2008 and 2009. Therefore after
consultation, the Parties hereby agree to clarify the relevant provisions of the Agreement as below: 
  

	1.	As long as the Company’s audited net profit in accounting year 2008 exceeds Renminbi Nineteen Million Five Hundred Thousand (RMB19,500,000) and the net profit in
2009 increases by no less than thirty percent (30%) comparing to Renminbi Nineteen Million Five Hundred Thousand (RMB19,500,000), the condition under Section 8.1.1 of the Agreement shall be deemed to have been fulfilled and subject to the
fulfillment of other conditions thereunder (including without limitation, no breach by any Key Employee, including Transferor, of his/her employment contract with the Company), Transferor will receive such special distribution for 2009 as agreed
upon in the Agreement. 

  

	2.	Any other provisions of the Agreement shall remain the same. 

  

	3.	Terms and expressions used herein shall have the same meanings ascribed to them in the Agreement. 

 

	4.	This Supplementary Agreement shall take effect as of the date of execution by the Parties. 

[Remainder of this page intentionally left blank] 
  

 - 49 - 

 IN WITNESS WHEREOF, the Parties have executed this Supplementary Agreement as of the
first date and at the place written above. 
  

			
	Transferor:
	
	Guo Qian
		
	By:	 	            /s/ Guo Qian             (signature)

	
	Nie Hongxin
		
	By:	 	            /s/ Nie Hongxin             (signature)

 Transferee: China Kanghui Holdings 

Legal Representative or Authorized Representative:             /s/ Jiang
Yikang             (signature) 
 Company: Beijing Libeier Biology
Engineering Research Institute Co., Ltd. 
 (affixed with official seal) 

Legal Representative or Authorized Representative:             /s/ Guo
Qian             (signature) 
  

 - 50 - 

 Supplementary Agreement II 

This Supplementary Agreement dated May 26, 2009 is entered into in Changzhou, China by and among the following parties: 

 

	1.	Guo Qian 

 PRC Identity
Card Number: 11010819690208571x 
 Address: No. 7, Unit 53, 5 Zhongguancun South Road, Haidian District, Beijing 

 

	2.	Nie Hongxin 

 PRC Identity
Card Number: 410703197211032041 
 Address: Room 0107, 4/F, Wanliu Guangda Park, 2 Quanzong Road, Haidian District, Beijing

 (Guo Qian and Nie Hongxin are hereinafter individually and collectively referred to as “Transferor”.)

  

	3.	China Kanghui Holdings (“Transferee”) 

Legal Address: Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman Y1-1111, Cayman Islands 

Authorized Representative: Jiang Yikang 
  

	4.	Beijing Libeier Biology Engineering Research Institute Co., Ltd. (the “Company”) 

Legal Address: 804B, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Legal Representative: Guo Qian 

(The above parties are hereinafter individually referred to as a “Party” and collectively referred to as the
“Parties”.) 
  

 - 51 - 

 WHEREAS: 

The Parties entered into an Equity Transfer Agreement on April 29, 2008 (the “ETA”) pursuant to which Transferor would transfer the
100% Equity Interest it owned in the registered capital of the Company to Transferee. A supplementary agreement to the ETA (the “Supplementary Agreement I”, together with the ETA hereinafter collectively referred to as the
“Agreement”) was entered into on November 5, 2008. The Equity Transfer has been registered with the competent administration of industry and commerce. In accordance with the special agreements under the Agreement, in
consideration of Transferor’s contributions to the Company over the years, the Company will pay Transferor certain incentive amount based on the operating results of the Company in 2008 and 2009. Therefore, after consultation, the Parties
hereby agree to clarify the relevant provisions of the Agreement as below: 
  

	1.	Section 8.1 of the ETA is to be modified as follows: 

  

	 	“8.1	In consideration of Transferor’s contributions to the Company over the years, Transferee agrees that, subject to the fulfillment of the following conditions, the
Company will make a special distribution to Transferor in the form of incentive payments: 

 For each of its
accounting year 2008 and 2009 (the “Assessment Year”), the Company’s audited net profit shall increase by no less than thirty percent (30%) comparing to the previous accounting year.” 

After the modification, the provision that “No Key Employee, including Transferor, has breached his/her employment contract entered
into with the Company” will no longer constitute a condition for Company’s payment of special distribution to Transferor and Transferor will receive the special distribution upon its fulfillment of other conditions set forth in the
Agreement. 
  

	2.	Any other provisions of the Agreement shall remain the same. 

  

	3.	Terms and expressions used herein shall have the same meanings ascribed to them in the Agreement. 

 

	4.	This Supplementary Agreement shall take effect as of the date of execution by the Parties. 

[Remainder of this page intentionally left blank] 
  

 - 52 - 

 IN WITNESS WHEREOF, the Parties have executed this Supplementary Agreement as of the
first date and at the place written above. 
  

			
	Transferor:
	
	Guo Qian
		
	By:	 	            /s/ Guo Qian             (signature)

	
	Nie Hongxin
		
	By:	 	            /s/ Nie Hongxin             (signature)

 Transferee: China Kanghui Holdings 

Legal Representative or Authorized Representative:            /s/ Jiang
Yikang             (signature) 
 Company: Beijing Libeier Biology
Engineering Research Institute Co., Ltd. 
 (affixed with official seal) 

Legal Representative or Authorized Representative:            /s/ Guo
Qian             (signature) 
  

 - 53 - 

 Supplementary Agreement III 

This Supplementary Agreement dated April 22, 2010 is entered into in Changzhou, China by and among the following parties: 

 

	1.	Guo Qian 

 PRC Identity
Card Number: 11010819690208571x 
 Address: No. 7, Unit 53, 5 Zhongguancun South Road, Haidian District, Beijing 

 

	2.	Nie Hongxin 

 PRC Identity
Card Number: 410703197211032041 
 Address: Room 0107, 4/F, Wanliu Guangda Park, 2 Quanzong Road, Haidian District, Beijing

 (Guo Qian and Nie Hongxin are hereinafter individually and collectively referred to as “Transferor”.)

  

	3.	China Kanghui Holdings (“Transferee”) 

Legal Address: Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman Y1-1111, Cayman Islands 

Authorized Representative: Jiang Yikang 
  

	4.	Beijing Libeier Biology Engineering Research Institute Co., Ltd. (the “Company”) 

Legal Address: 804B, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Legal Representative: Guo Qian 

(The above parties are hereinafter individually referred to as a “Party” and collectively referred to as the
“Parties”.) 
  

 - 54 - 

 WHEREAS: 

The Parties entered into an Equity Transfer Agreement on April 29, 2008 and a supplementary agreement thereto on November 5,
2008 (together the “Agreement”). Under Section 8.3 of the Agreement, it is agreed that in computing the operating results of the Company to determine the special distribution to Transferor, the net profit of the Company shall
be audited by an auditor in accordance with the “international accounting principles”. The Parties acknowledge that: 
  

	1.	The “international accounting principles” referred to in the Agreement is a general notion which may include the US Generally Accepted Accounting Principles,
the International Financial Reporting Standards, the Hong Kong Generally Accepted Accounting Principles and other generally accepted accounting principles (excluding PRC accounting principles). In auditing and determining the net profit of the
Company in the relevant year pursuant to Section 8 of the Agreement, Transferee has the right to either choose the applicable accounting principles at its sole discretion or elect to agree with other Parties on such principles.

  

	2.	Terms and expressions used herein shall have the same meanings ascribed to them in the Agreement. 

 

	3.	This Supplementary Agreement shall take effect as of the date of execution by the Parties. 

[Remainder of this page intentionally left blank] 
  

 - 55 - 

 IN WITNESS WHEREOF, the Parties have executed this Supplementary Agreement as of the
first date and at the place written above. 
  

			
	Transferor:
	
	Guo Qian
		
	By:	 	            /s/ Guo Qian             (signature)

	
	Nie Hongxin
		
	By:	 	            /s/ Nie Hongxin             (signature)

 Transferee: China Kanghui Holdings 

Legal Representative or Authorized Representative:            /s/ Jiang
Yikang             (signature) 
 Company: Beijing Libeier Biology
Engineering Research Institute Co., Ltd. 
 (affixed with the official seal) 

Legal Representative or Authorized Representative:            /s/ Guo
Qian             (signature) 
  

 - 56 - 

 Supplementary Agreement IV 

This Supplementary Agreement dated April 24, 2010 is entered into in Changzhou, China by and among the following parties: 

 

	1.	Guo Qian 

 PRC Identity
Card Number: 11010819690208571x 
 Address: No. 7, Unit 53, 5 Zhongguancun South Road, Haidian District, Beijing 

 

	2.	Nie Hongxin 

 PRC Identity
Card Number: 410703197211032041 
 Address: Room 0107, 4/F, Wanliu Guangda Park, 2 Quanzong Road, Haidian District, Beijing

 (Guo Qian and Nie Hongxin are hereinafter individually and collectively referred to as “Transferor”.)

  

	3.	China Kanghui Holdings (“Transferee”) 

Legal Address: Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman Y1-1111, Cayman Islands 

Authorized Representative: Jiang Yikang 
  

	4.	Beijing Libeier Biology Engineering Research Institute Co., Ltd. (the “Company”) 

Legal Address: 804B, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Legal Representative: Guo Qian 

(The above parties are hereinafter individually referred to as a “Party” and collectively referred to as the
“Parties”.) 
  

 - 57 - 

 WHEREAS: 

The Parties entered into an Equity Transfer Agreement on April 29, 2008 and three Supplementary Agreements thereto on November 5,
2008, May 26, 2009 and April 22, 2010 respectively (the Equity Transfer Agreement and the three Supplementary Agreements together referred to as “Agreement”). The Parties hereby agree to clarify the special agreements
contained in the Agreement as follows: 
  

	1.	The 2-year special distribution in the total amount of Renminbi Thirty-Three Million Six Hundred and Sixty Thousand Eight Hundred (RMB33,660,800.00) set forth in the
Agreement is an amount determined on the basis of the initial special distribution of Renminbi Thirty-One Million Five Hundred Thousand (RMB31,500,000.00) agreed upon by the Parties and by taking into consideration of the interest that may accrue to
such initial special distribution over the period required to fulfill the conditions agreed. As the completion time of the auditor’s reports of 2008 and 2009 is behind the time expected by the Parties, the Company agrees, in addition to the
special distribution agreed upon in the Agreement, to further pay an interest in an amount of Renminbi Four Hundred and Nineteen Thousand One Hundred (RMB419,100) as the compensation for withholding the payment of the special distribution. Such
compensation shall be distributed among Transferor in proportion to their respective entitlement to the special distribution. 

  

	2.	Other terms and expressions used herein shall have the same meanings ascribed to them in the Agreement. 

[Remainder of this page has been intentionally left blank] 
  

 - 58 - 

 IN WITNESS WHEREOF, the Parties have executed this Supplementary Agreement as of the
first date and at the place written above. 
  

			
	Transferor:
	
	Guo Qian
		
	By:	 	            /s/ Guo Qian             (signature)

	
	Nie Hongxin
		
	By:	 	            /s/ Nie Hongxin             (signature)

 Transferee: China Kanghui Holdings 

Legal Representative or Authorized Representative:            /s/ Jiang
Yikang             (signature) 
 Company: Beijing Libeier Biology
Engineering Research Institute Co., Ltd. 
 (affixed with the official seal) 

Legal Representative or Authorized Representative:            /s/ Guo
Qian             (signature) 
  

 - 59 - 

 ACKNOWLEDGEMENT 

In respect of the Equity Transfer Agreement for Beijing Libeier Biology Engineering Research Institute Co., Ltd. dated April 29,
2008 by and among China Kanghui Holdings (“CKH”), CKH’s wholly-owned subsidiary Beijing Libeier Biology Engineering Research Institute Co., Ltd. (“Libeier”), Guo Qian and Nie Hongxin (the
“ETA”) and certain supplementary agreement entered into by the parties thereto on June 7, 2010 (the “Supplementary Agreement”), CKH and Libeier hereby acknowledge that: 

 

	1.	In consideration of the contributions made by Guo Qian and Nie Hongxin as Libeier’s original shareholders to the operation of Libeier, CKH and Libeier agree to pay
certain special distribution to Guo Qian and Nie Hongxin as agreed in the ETA and the Supplementary Agreement with a view to reflect the previous efforts made by Guo Qian and Nie Hongxin and acknowledge the value demonstrated by Libeier as a going
concern. 

  

	2.	The payment of the said special distribution has no relation to either Guo Qian or Nie Hongxin’s service with Libeier and no such distribution shall constitute any
compensation for employment or other employee benefits. 

  

	3.	The payment of such special distribution is subject to the fulfillment of certain conditions agreed in the ETA and those conditions for payment have been fulfilled.
Pursuant to the agreements contained in the ETA and the Supplementary Agreement, Libeier will pay Guo Qian and Nei Hongxin a special distribution in the total amount of Renminbi Thirty-Three Million Six Hundred Sixty Thousand Eight Hundred
(RMB33,660,800) and an interest accrued thereon in the amount of Renminbi Five Hundred Forty-One Thousand Nine Hundred (RMB541,900). 

China Kanghui Holdings 

By: Jiang Yikang /Signature/ 

/s/ Jiang Yikang       

Beijing Libeier Biology Engineering Research Institute Co., Ltd. 

/affixed with official seal/ 

By: Guo Qian /Signature/ 

/s/ Guo Qian       
  

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 SUPPLEMENTARY AGREEMENT V 

This Supplementary Agreement dated June 7, 2010 is entered into in Changzhou, China by and among the following parties: 

 

	1.	Guo Qian 

 PRC Identity
Card Number: 11010819690208571x 
 Address: No. 7, Unit 53, 5 Zhongguancun South Road, Haidian District, Beijing 

 

	2.	Nie Hongxin 

 PRC Identity
Card Number: 410703197211032041 
 Address: Room 0107, 4/F, Wanliu Guangda Park, 2 Quanzong Road, Haidian District, Beijing

 (Guo Qian and Nie Hongxin are hereinafter individually and collectively referred to as “Transferor”.)

  

	3.	China Kanghui Holdings (“Transferee”) 

Legal Address: Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman Y1-1111, Cayman Islands 

Authorized Representative: Jiang Yikang 
  

	4.	Beijing Libeier Biology Engineering Research Institute Co., Ltd. (the “Company”) 

Legal Address: 804B, Building 4, Wanliu Yicheng Mansion, 11 Changchunqiao Road, Haidian District, Beijing 

Legal Representative: Guo Qian 

(The above parties are hereinafter individually referred to as a “Party” and collectively referred to as the
“Parties”.) 
  

 - 61 - 

 WHEREAS: 

The Parties entered into an Equity Transfer Agreement on April 29, 2008 and three Supplementary Agreements thereto on November 5,
2008, May 26, 2009 and April 22, 2010 respectively (the Equity Transfer Agreement and the three Supplementary Agreements together the “Agreement”). The Parties hereby agree to clarify the special agreements contained
in the Agreement as follows: 
 1. The 2-year special distribution in the total amount of Renminbi Thirty-Three Million Six Hundred Sixty
Thousand Eight Hundred (RMB33,660,800.00) set forth in the Agreement is an amount determined on the basis of the initial special distribution of Renminbi Thirty-One Million Five Hundred Thousand (RMB31,500,000.00) by taking into consideration also
the interest that may accrue on such initial special distribution over the period required for fulfilling the conditions agreed upon by the Parties. Because the completion of the auditor’s reports of 2008 and 2009 is behind the time expected by
the Parties, the Company agrees, in addition to the special distribution agreed upon in the Agreement, to further pay an interest in the amount of Renminbi Five Hundred Forty-One Thousand Nine Hundred (RMB541,900) as the compensation for withholding
the payment of the special distribution. Such compensation shall be distributed among Transferor in proportion to their respective entitlement to the special distribution. 

2. The Parties hereby acknowledge and agree that the Supplementary Agreement IV entered into by the Parties on April 24, 2010 shall be revoked and
terminated from the effectiveness date hereof and none of the Parties shall have any rights or obligations thereunder. 
 3. Other terms and
expressions used herein shall have the same meanings ascribed to them in the Agreement. 
 4. This Supplementary Agreement shall take effect as
of the date of official execution by the Parties. 
 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the first date
and at the place written above. 
  

			
	Transferor:
	
	Guo Qian
		
	By:	 	            /s/ Guo Qian             (signature)

	
	Nie Hongxin
		
	By:	 	            /s/ Nie Hongxin             (signature)

 Transferee: China Kanghui Holdings 

Legal Representative or Authorized Representative:            /s/ Jiang
Yikang             (signature) 
  

 - 62 - 

 Company: Beijing Libeier Biology Engineering Research Institute Co., Ltd. 

(with official seal affixed hereto) 
 Legal
Representative or Authorized Representative:            /s/ Guo Qian             (signature) 

 

 - 63 -

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