Document:

Unassociated Document

Equity Transfer Agreement of Shandong Yaoyuan Pharmaceutical Company

Transferor: (hereinafter referred to as “Party A”)

	
Han Shouqiang 

	
Domicile: No. 277, Huji Village, Huji Town, Huimin County, Shandong Province

ID No.: 372321198211248074

	
Su Junyan

	
Domicile: Room 502, Unit 6, Block 46, East Jigang New Village, Licheng District, Jinan City

ID No.: 370111196611160018

	
Zhu Boliang 

	
Domicile: Room 302, Unit 1, Block 6, No. 214 North Industrial Zone, Licheng District, Jinan City

ID No.: 370121195609027718

	
Lv Yanming 

	
Domicile: Room 402, Unit 3, Block 2, No. 527-9 the 9th Bohai Road, Bincheng District, Binzhou City, Shandong Province

ID No.: 372301196410161030

	
Zhao Guojun 

	
Domicile: No. 378 Weijia Village, Tianqiao District, Jinan City

ID No.: 220225196907012613

	
Song Chaobo 

	
Domicile: Room 403, Unit 2, Block 18, the 5th Area, Wuyingshan New Village, Tianqiao District, Jinan City

ID No.: 370105197804153719

Transferee: Hong Kong Wisdom Fortune Medicine Holding Group Limited (hereinafter referred to as “Party B”)

Legal Address: Unit 04, 7/F, Bright Way Tower, No. 33 Mong Kok Road, Kowloon, Hong Kong.

No. of Registration Certificate: 39597793—000-07-09-2

Legal Representative: Tsai, Meili

Post: Executive Director

Shandong Yaoyuan Pharmaceutical Company (hereinafter referred to as “the Company”) was incorporated on Nov. 1, 2005, which is contributed by Han Shouqiang with the amount of 9.5 million Yuan, Su Junyan with the amount of 100,000 Yuan, Zhu Boliang with the amount of 100,000 Yuan, Lv Yanming with the amount of 100,000 Yuan, Zhao Guojun with the amount of 100,000 Yuan and Song Chaobo with the amount of 100,000 Yuan, accounting for 95%, 1%, 1%, 1%, 1% and 1% equity of the total investment respectively.

  

  

  

The Company has the registered capital of 10 million Yuan, and it is completely merged the equity by Hong Kong Wisdom Fortune Medicine Holding Group Limited with the amount of 10 million Yuan.

Party B is transferred the equity by Party A (Han Shouqiang with 95% equity, Su Junyan with 1% equity, Zhu Boliang with 1% equity, Lv Yanming with 1% equity, Zhao Guojun with 1% equity and Song Chaobo with 1% equity). The Agreement is made by both parties with regards to the equity transfer through negotiation:

I. Share & Price, Performance Term and Method of the Equity Transfer

1. Han Shouqiang (Party A) occupies 95% equity of the Company. According to the former Articles of Association, Party A shall invest 9.5 million Yuan; and the actual investment is 9.5 million Yuan. Now, Han Shouqiang transfers his 95% equity to Party B in 9.5 million Yuan.

Su Junyan (Party A) occupies 1% equity of the Company. According to the former Articles of Association, Party A shall invest 100,000 Yuan; and the actual investment is 100,000 Yuan. Now, Su Junyan transfers his 1% equity to Party B in 100,000 Yuan.

Zhu Boliang (Party A) occupies 1% equity of the Company. According to the former Articles of Association, Party A shall invest 100,000 Yuan; and the actual investment is 100,000 Yuan. Now, Zhu Boliang transfers his 1% equity to Party B in 100,000 Yuan.

Lv Yanming (Party A) occupies 1% equity of the Company. According to the former Articles of Association, Party A shall invest 100,000 Yuan; and the actual investment is 100,000 Yuan. Now, Lv Yanming transfers his 1% equity to Party B in 100,000 Yuan.

Zhao Guojun (Party A) occupies 1% equity of the Company. According to the former Articles of Association, Party A shall invest 100,000 Yuan; and the actual investment is 100,000 Yuan. Now, Zhao Guojun transfers his 1% equity to Party B in 100,000 Yuan.

Song Chaobo (Party A) occupies 1% equity of the Company. According to the former Articles of Association, Party A shall invest 100,000 Yuan; and the actual investment is 100,000 Yuan. Now, Song Chaobo transfers his 1% equity to Party B in 100,000 Yuan.

2. Party B shall pay 30% transfer amount to the account designated by Party A within 30 days after the date of the Agreement coming into effect and receiving new Business License; pay 30% transfer amount to the account designated by Party A within 60 days; and pay 40% transfer amount to the account designated by Party A within 90 days. All equity change registration procedures shall be completed within one month after the Agreement coming into effect and Party A shall deliver all official seals and relevant authorized signatures to the designated personnel of Party B.

II. Rights & Obligations of the Parties Concerned

Party A shall hereby guarantees that it has all requisite power, authority and legal capacity to dispose the equity proposed to be transferred to Party B, and the equity interests are free from any lien or hypothec, and without any third party recourse. Otherwise, Party A shall bear all economic and legal liabilities herein aroused.

  

  

  

III. Responsibilities of the Company’s Profit and Loss (Including Claims and Debts)

	
1.

	
Party A shall be free from the new profit risk and loss of the Company since the date of the Company finishing the procedures of internal-to-external transfer and the registration change for industry and commerce, and issuing new Business License. Party B shall occupy 100% equity of the Company, enjoy the corresponding rights, and assume the corresponding obligations.

	
2.

	
Both parties agree to take the delivery date of official seals and all relevant authorized signatures as the base day. Party A shall assume the debts of the Company that are not disclosed by the evaluation report before the base day and the new company shall inherit the assets or debts disclosed by the evaluation report.

IV. Breach of Agreement

1. Once the Agreement takes effect, both parties shall execute actively, if one party doesn’t completely execute in accordance with the regulations of the Agreement, it shall assume the responsibilities according to the laws and regulations of this Agreement.

2. If Party B cannot pay the equity price within the time limit, it shall pay the liquidated damages to Party A according to 5/10000 of the transferred amount of overdue part for each overdue day. If Party A have loss owing to the default of Party B, and the amount liquidated damages paid by Party B is lower than the actual loss, Part B shall make compensation separately.

3. If Party B cannot handle procedures of change registration, or it cannot conclude the Agreement caused by Party A, Party A shall pay the liquidated damages to Party B with the proportion of 5/10000 of the transferred amount. If Party B has loss caused by Party A, and the amount of liquidated damages paid by Party A is lower than the actual loss, Party A must make compensations separately.

V. Disputes Solution

The disputes aroused from this Agreement shall be solved by both parties through negotiation; if the negotiation is failed it can submit for arbitration to Shenzhen Branch of China International Economic and Trade Arbitration Commission.

VI. Change or Termination

The Agreement shall be changed or terminated if one of the following situations occurs, and the change or termination will take effect after the signing of relevant personnel and approval of original examination organ:

	
1.

	
The contract cannot be executed owing to force majeure factors;

	
2.

	
It is approved through negotiation of the relevant parties owing to change of the situations.

VII. Assuming of Relevant Fees

The fees related to the transfer (such as the fees of certification, auditing and change registration of industry and commerce) during the transfer process shall be assumed by Party B.

  

  

  

VIII. Conditions for Taking Effect

This Agreement will take effect after the signing of both parties and approval of the examination organ; both parties shall handle the procedures for registration change in the administration organ of industry and commerce within three days since the effective date of the Agreement.

IX. This Agreement has eleven copies, with Party A holding six, Party B holding two, Shandong Yaoyuan Pharmaceutical Company holding one, examination organ holding one and industry & commerce organ holding one.

Transferor (seal): Shandong Yaoyuan Pharmaceutical Company

Party A (signatures of shareholders):Han Shouqiang, Su Junyan, Zhao Guojun, Lv Yanming, Song Chaobo and Zhu Boliang

Transferee (signature of Party B): Hong Kong Wisdom Fortune Medicine Group Limited

Signature: for and on behalf of Hong Kong Wisdom Fortune Medicine Group Limited

	
      Tsai, Meili

	
Authorized Signature

May 6, 2010Unassociated Document

Equity Transfer Agreement of Tonghua Tongdetang Pharmaceutical Company

 

Transferor: Zeng Qingdong (hereinafter referred to as “Party A”)

Domicile: 10 Group, Maoshan Committee, Kuaidamao Town, Tonghua County, Jilin Province

ID No: 220521197212160092

 

Transferor: Jing Feng (hereinafter referred to as “Party B”)

Domicile: 10 Group, Maoshan Committee, Kuaidamao Town, Tonghua County, Jilin Province

ID No: 220521197511050029

 

Transferee: Binomial Biopharm Group Limited (hereinafter referred to as “Party C”)

Legal Address: Unit 04, 7/F, Bright Way Tower, No. 33 Mong Kok Road, Kowloon, Hong Kong

No. of Registration Certificate: 51135670-000-09-09-1

Legal Representative: Tsai, Meili

Post: Executive Director

 

Tonghua Tongdetang Pharmaceutical Company (hereinafter referred to as “the Company”) was incorporated on Feb. 2, 2002, which is contributed by Zeng Qingdong with the amount of 2 million Yuan and Jing Feng with the amount of 1million Yuan, accounting for 66.7% and 33.3% equity of the total investment respectively.

 

The Company has the registered capital of 3 million Yuan, and it is completely merged the equity by Binomial Biopharm Group Limited with the amount of 3 million Yuan.

 

Party A transfers 66.7% equity to Party C, and Party B also transfers 33.3% equity to Party C. The agreement is made by the three parties with regards to the equity transfer:

 

	
I.

	
Share & Price, Performance Term and Method of the Equity Transfer

 

1. Party A occupies 66.7% equity of the Company. According to the former Articles of Association, Party A shall invest 2 million Yuan; and the actual investment is 2 million Yuan. Now, Party A transfers his 66.7% equity to Party C in 2 million Yuan. 

Party B occupies 33.3% equity of the Company. According to the former Articles of Association, Party B shall invest 1 million Yuan; and the actual investment is 1 million Yuan. Now, Party B transfers his 33.3% equity to Party C in 1 million Yuan.

  

  

  

 

2. Party C shall pay 30% transfer amount to the account designated by Party A and Party B within 30 days after the Agreement taking effect and receiving of new Business License; pay 30% transfer amount to the account designated by Party A and Party B within 60 days; and pay 40% transfer amount to the account designated by Party A and Party B within 90 days. Within one month after the Agreement coming into effect, Party A and Party B shall deliver all official seals and relevant authorized signatures to the designated personnel of Party C.

 

	
II.

	
Rights & Obligations of the Parties Concerned

 

Party A and Party B shall hereby guarantee that they have all requisite power, authority and legal capacity to dispose the equity proposed to be transferred to Party C, and the equity interests are free from any lien or hypothec, and without any third party recourse. Otherwise, Party A and Party B shall bear all economic and legal liabilities herein aroused.

 

	
III.

	
Responsibilities of the Company’s Profit and Loss (Including Claims and Debts)

 

	
1.

	
Party C shall assume the new profit risk and loss of the Company since the date of the Company finishing the administrative approval and registration procedures like internal-to-external transfer and the registration change for industry and commerce.

 

	
2.

	
The three parties agree to take the delivery date of official seals and all relevant authorized signatures as the base day. Party A and Party B shall assume the assets or debts of the Company that are not disclosed before the base day.

 

	
IV.

	
Breach of Agreement

 

	
1.

	
Once the agreement takes effect, the three parties shall execute actively, if one party doesn’t completely execute in accordance with the regulations of the agreement, it shall assume the responsibilities according to the laws and regulations of this agreement.

 

	
2.

	
If Party C cannot pay the equity price within the time limit, it shall pay the liquidated damages to Party A and Party B according to 5/10000 of the transferred amount of overdue part for each overdue day. If Party A and Party B have loss owing to the default of Party C, and the amount liquidated damages paid by Party C is lower than the actual loss, Part C shall make compensation separately.

  

  

  

	
3.

	
If Party C cannot handle procedures of change registration, or it cannot conclude the agreement caused by Party A and Party B, Party A and Party B shall pay the liquidated damages to Party C with the proportion of 5/10000 of the transferred amount. If Party C has loss caused by Party A and Party B, and the amount of liquidated damages is lower than the actual loss, Party A and Party B must make compensations.

 

	
V.

	
Disputes Solution

 

The disputes aroused from this agreement shall be solved by the three parties through negotiation; if the negotiation is failed, it can submit for arbitration to Shenzhen Branch of China International Economic and Trade Arbitration Commission.

 

	
VI.

	
Change or Termination

 

The agreement shall be changed or terminated if one of the following situations occurs, and the change or termination will take effect after the signing of relevant personnel and approval of original examination organ:

 

	
1.

	
The contract cannot be executed owing to force majeure factors;

 

	
2.

	
It is approved through negotiation of the relevant parties owing to change of the situations.

 

	
VII.

	
Assuming of Relevant Fees

 

The fees related to the transfer during the transfer process (such as the fees of certification, auditing and change registration of industry and commerce) shall be assumed by Party C.

 

	
VIII.

	
Conditions for Taking Effect

 

This agreement will take effect after the signing of the three parties and approval of the examination organ; the three parties shall handle the procedures for registration change in the administration organ of industry and commerce within three days since the effective date of the agreement.

 

IX. This agreement has six copies, with the three parties holding one, Tonghua Tongdetang Pharmaceutical Company holding one, examination organ holding one and industry & commerce organ holding one.

 

(This page covers no text)

 

Transferor (seal): Tonghua Tongdetang Pharmaceutical Company

Party A (signature): Zeng Qingdong

 

  

  

  

 

Party B (signature): Jing Feng

 

Transferee (signature): for and on behalf of Binomial Biopharm Group Limited

	
Party C (signature) :

	
       Tsai, Meili

	  	
Authorized Signature

 

Date: May.8, 2010

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