Document:

f8k122309ex10ix_cbt.htm

    Exhibit 10.9 

     

    Shares
Repurchase Agreement

    

     

    Party
A:Guangxi
Liuzhou Baicaotang Medicine Ltd.

    Legal
Representative:Tang
Huitian

    

     

    Party
B:Liuzhou
Baicaotang Property Management Co., Ltd

    Legal
Representative:Tan
Yuqing

    

     

    Whereas,

    

    
      	
              (1)  

            	
              Party
      A and Party B entered into the Shares Transfer Agreement on April 1, 2008
      in respect that Party A transferred 51% equity it held in Guangxi Liuzhou
      Baicaotang Medicine Retail Ltd. (“BCT Retail Share” and
      “BCT Retail”) to
      Party B;

            

    

    

    
      	
              (2)  

            	
              Party
      A and Party B both agree that Party A should have the right of preemption
      to repurchase the BCT Retail
Equity.

            

    

    

    Party A
and Party B hereby enter into the following Shares Repurchase Agreement (“Agreement”):

    

    
      	
              1.  

            	
              Within
      ten (10) years after the Share Transfer Agreement was executed by the
      parties (“Repurchase
      Period”), Party A should have the preemption right to repurchase
      the BCT Retail Share from Party B under any circumstances (“Right of
      Preemption”).

            

    

    

    
      	
              2.  

            	
              During
      the Repurchase Period, Party B shall not transfer BCT Retail Share to any
      third party without Party A’s written declaration of giving up the Right
      of Preemption as provided herein.

            

    

    

    
      	
              3.  

            	
              Party
      A may repurchase BCT Retail Share from Party B at the timing negotiated by
      Party A and Party B, or under the conditions that the law permit a
      commercial wholly foreign-owned enterprise to own more than 30
      chains.

            

    

    

    
      	
              4.  

            	
              Party
      B shall, upon Party A’s request, assist Party A to handle all matters in
      respect of repurchase and complete the change of registration with
      competent Authority of Industry and Commercial within the terms as
      required by Party A.

            

    

    

    
      	
              5.  

            	
              The
      consideration of the BCT Retail Share repurchased by Party A shall be no
      more than 51% of the BCT Retail’s registered capital at the time of
      repurchase happens.

            

    

    

    
      	
              6.  

            	
              In
      case Party B fails to handle the matters as provided herein, it shall take
      the responsibility of breach.  Party B shall continue to handle
      all matters concerning repurchase as required by Party A within the term
      and pay the remedy to Party A at 10% of total amount of the
      consideration.

            

    

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
 

    
      	
              7.  

            	
              Any
      dispute arising out of the performance of this Agreement shall be mutually
      negotiated between the parties.  When failing to get a
      consistent settlement, any party may submit such dispute to the People’s
      Court of Liunan District, Liu Zhou City for
  determination.

            

    

    

    
      	
              8.  

            	
              The
      terms and conditions set forth in herein should not be modified unless
      written agreed by the parties.

            

    

    

    
      	
              9.  

            	
              This
      agreement is made in four counterparts with each party holding two
      copies.  This Agreement shall become binding in the date signed
      by the Parties.

            

    

    

    

    

    
      	
              Party
      A: Guangxi Liuzhou Baicaotang Medicine Ltd.

            
	 
      
	
              Legal
      Representative:

            
	 
      
	
              Date:
      July 31, 2008

            
	 
      
	 
      
	
              Party
      B: Liuzhou Baicaotang Property Management Co., Ltd

            
	 
      
	
              Legal
      Representative:

            
	 
      
	
              Date:
      July 31, 2008

            

    

     

    
2f8k122309ex10x_cbt.htm

    Exhibit
10.10

     

     

    Loan
agreement and pledge agreement

    

    This bank
loan agreement and pledge agreement were made among the following parties on 19
December 2008.

    

    
      	
              (A)  

            	
                Borrower
      : Guangxi Liuzhou Baicaotang

            

    

    

    
      	
              (B)  

            	
                Lender/
      Mortgagee : Liuzhou City Commercial
Bank

            

    

    

    
      	
              (C)  

            	
                Mortgagor
      : Baicaotang Property Development
Limited

            

    

    

    

    Whereas:

    

    
      	
               
      

            	
              The
      parties are desirous to enter into this agreement and agree as
      follows:-

            

    

    

    

    
      	
              (1)  

            	
              The
      purpose of loan is for working
capital

            

    

     
 

    
      	
              (2)  

            	
              The
      loan amount is equivalent of RMB5,000,000 and the term of loan is 12
      months from December 19, 2008 to December 19, 2009 which is the due date
      of principle loan;

            

    

    

    
      	
              (3)  

            	
              Interest
      was monthly charged at 0.6975% and subject to the change in accordance
      with the benchmark rates announced by People of Bank of China without
      notice, and is monthly accrued and to be settled monthly on 20 th of each
      month .

            

    

    

    
      	
              (4)  

            	
              Rights
      and obligation

            

    

    Borrower
:

    i  Proper
use of loan in accordance with the terms set as therein

    
      	
               
      

            	
              ii

            	
              Providing
      the true and complete financial report and relevant information, and
      assist the investigation of the borrower’s business and financial
      activities in connection with the use of
fund.

            

    

    
      	
               
      

            	
              iv

            	
              Repayment
      in accordance with the terms as set out therein and may extend the terms
      of loan by written notice before due date by 15 days upon the consent of
      lender.

            

    

    

    
      	
               
      

            	
              Lender:

            

    

    
      	
               
      

            	
              i

            	
              Have
      the right to request Party A to repay the said loan at any time when the
      occurrence of any incidence detrimental to the possibility of repayment;
      increase the items of pledge should the diminution of the value of the
      subject under pledge occur;

            

    

    
      	
               
      

            	
              ii

            	
              Have
      the rights to request Party B to obtain the information inclusive of the
      financial figures, inventory and the use of fund in connection to the loan
      .

            

    

    
      	
               
      

            	
              iii

            	
              Advance
      the loan to Party B at the time in accordance with the terms as set out in
      above

            

    

    
      	
               
      

            	
               

            

    

    
      	
              (5)  

            	
              When
      the borrower fail to repay in accordance with the prescribed period
      herewith the terms as set out above, penalty charge will be imposed at a
      rate of 150% of the aforesaid interest rate of this contract till the
      repayment of principal and interest in arrears and will adjust at the date
      of the change of the benchmark rates announced by People of Bank of China.
      When the borrower fail to use the fund properly,  penalty of
      200% of the aforesaid interest rate will be imposed on the part in breach
      of the use of fund.

            

    

    

    
      	
              (6)  

            	
              Security
      of this loan agreement is in the form of the pledge and the mortgagees
      agree to pledge by means of property as follows. The pledge covers the
      principle of loan, interest, surcharge, compensation, litigation in
      connection with the enforcement of
debts.

            

    

    

    
      	
              (7)  

            	
              Value
      of asset under pledge : RMB
11,014,800

            

    

    

    
      	
              (8)  

            	
              Asset
      under pledge : 2/F Block 5, Baiocao Garden No 102 Chengzhan Road, Liuzhou
      Cityf8k122309ex10xi_cbt.htm

    Exhibit
10.11

     

    Loan
agreemnt and pledge agreement

    

    This bank
loan agreement and pledge agreement were made among the following parties on 29
December 2008.

    

    
      	
              (A)  

            	
                Borrower
      : Guangxi Liuzhou Baicaotang

            

    

    

    
      	
              (B)  

            	
                Lender/
      Mortgagee : Rurol Credence Cooperation of
  Guangxi

            

    

    

    
      	
              (C)  

            	
                Mortgagor
      : Baicaotang Property Development
Limited

            

    

    

    

    Whereas:

    

    
      	
               
      

            	
              The
      parties are desirous to enter into this agreement and agree as
      follows:-

            

    

    

    

    
      	
              (1)  

            	
              The
      types of loan is medium term loan

            

    

    

    
      	
              (2)  

            	
              The
      purpose of loan is to finance the purchase of
  drugs

            

    

     
 

    
      	
              (3)  

            	
              The
      loan amount is equivalent of RMB3,500,000 and the term of loan is 36
      months from December 29, 2008 to December 29,
  2011;

            

    

    

    
      	
              (4)  

            	
              Interest
      was charged at 130% of the benchmark rate, equivalent to annual interest
      rate of 7.02%.  The interest is subject to revise in accordance
      with the benchmark rates announced by People of Bank of China, and the
      change is effective at the date of change as promulgated by PBC without
      notice. Interest is accrued and settled on monthly basis which is 20 th of
      each month.

            

    

    

    
      	
              (5)  

            	
              Rights
      and obligation

            

    

    Borrower
:

    i  Proper
use of loan in accordance with the terms set as therein

    
      	
               
      

            	
              ii

            	
              Providing
      the true and complete fiancial report and relevant information, and assist
      the investigation of the borrower’s business and fiancial activities in
      connection with the use of fund.

            

    

    
      	
               
      

            	
              iv

            	
              Repayment
      in accordance with the terms as set out therein and may extend the terms
      of loan by written notice before due date by 30 days upon the conset of
      lender.

            

    

    

    
      	
               
      

            	
              Lender:

            

    

    
      	
               
      

            	
              i

            	
              Have
      the right to request Borrower to repay the said loan at any time when the
      occurrence of any incidence detrimental to the possibility of repayment;
      increase the items of pledge should the diminution of the value of the
      subject under pledge occur;.

            

    

    
      	
               
      

            	
              ii

            	
              Have
      the rights to request Borrower to obtain the information inclusive of the
      financial figures, inventory and the use of fund in connection to the loan
      .

            

    

    
      	
               
      

            	
              iii

            	
              Advance
      the loan to Borrower at the time in accordance with the terms as set out
      in above

            

    

    
      	
               
      

            	
              .

            

    

    
      	
              (6)  

            	
              When
      the borrower fail to repay in accordance with the prescribed
      period  herewith the terms as set out above, penalty will be
      imposed at a rate of 150% of the aforesaid interest rate of this contract
      till the repayment of principal and interest in arrears and will adjust at
      the date of the change of the benchmark rates announced by People of Bank
      of China. When the borrow fail to use the fund properly, penalty charge of
      200% of the aforesaid interest rate will be imposed on the part of fund in
      breach of use.

            

    

    

    
      	
              (7)  

            	
              The
      mortgagees agree to pledge its property for the security of loan granted
      to the borrower. The pledge cover the principal of loan, interest,
      surcharge, compensation, litigation in connection of the enforcement of
      debts.

            

    

    

    
      	
              (8)  

            	
              Value
      of asset under pledge : RMB
9,622,351

            

    

    

    
      	
              (9)  

            	
              Asset
      under pledge : Block 3, 1-1, 1-2, 1-3, 1-4, 1-5, 1-6, 1-7, 1-8, 2-5
      Baicaoyuan,   No 102 Chengzhan Road, Liuzhou
      City

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]