Document:

Exhibit 4.13 

AMENDMENT NO. 3

TO SECURITIES PURCHASE AGREEMENT

          This AMENDMENT NO. 3 to the SECURITIES PURCHASE AGREEMENT is entered into as of April 2, 2007 (this “Amendment”) by and among China
Biologic Products, Inc., a Delaware corporation (“CBP”), its wholly-owned subsidiary Logic Express Limited (“Logic Express”) and its 82.76% owned subsidiary Shandong Missile Biologic Products Co., Ltd. (“Shandong Missile”), Ms. Lin Ling Li and Ms. Siu Ling Chan (together, the
“Selling Stockholders”), and the investors signatory thereto (each an “Investor” and collectively, the
“Investors”).  Each of CBP, Logic Express, the Company, the Selling Stockholders and the Investors are referred to herein as a “Party” and collectively, as the “Parties”. Capitalized terms used, but not otherwise defined, herein have the meanings ascribed to
such terms in the Original Agreement (as defined below). 

BACKGROUND

          The Parties entered into a Securities Purchase Agreement, dated as of July 18, 2006 (as amended, the “Original Agreement”),
pursuant to which each of the Investors purchased from the Company and the Selling Stockholders, the Shares, Selling Stockholder Shares and the Warrants representing each Investors Investment Amount. As a condition to the closing of the Original
Agreement, the Parties agreed to place the Make Good Shares into escrow for the benefit of the Investors, pursuant to a Share Escrow Agreement, dated as of July 19, 2006, to be distributed to the Investors in the event that the Company fails to meet
certain Performance Thresholds as set forth therein. The Parties desire to enter into this Amendment to modify the terms of the Original Agreement as more specifically set forth herein. 

AGREEMENT

          NOW, THEREFORE, in consideration of the mutual promises of the parties hereto, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows: 

          I.        Amendment
to Make Good Escrow Arrangement:  Delete sentence
before the penultimate sentence of Section
4.11 of the Original Agreement in its entirety
and insert the following sentence in its place:

  
    
      “Notwithstanding the foregoing or anything else to the contrary herein, for purposes of determining whether or not the applicable thresholds set forth in (a) and (b) above have been met, the release of any of the Escrow
        Shares to Ms. LI Lin Ling and Ms. CHAN Siu Ling as a result of the operation of this Section 4.11 and the payment of or obligation to pay any liquidated damages accrued by operation of the Registration Rights Agreement, shall not be deemed to be an
      expense, charge, or other deduction from revenues even though GAAP may require contrary treatment. 

  

          II.       Agreement. In all other respects, the Original Agreement shall remain in full force and effect. 

          III.     Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall
be deemed an original but all of which together shall constitute one  and the
same instrument. 

[Signature Page Follows]

2

          IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first above written. 

  	CBP: 
	 
	China Biologic
          Products, Inc. 
	 
	 
	By:
          	/s/
      Stanley Wong 
	 	Stanley Wong 
	 	Chief Executive Officer 
	 
	 
	 
	LOGIC EXPRESS: 
	 
	Logic Express
          Limited 
	 
	 
	By: 	     /s/
            Lin Ling Li 

	 	Lin Ling Li 
	 	Director
	 
	 
	 
	SHANDONG
            MISSILE: 
	 
	Shandong Missile
          Biologic Products Co., Ltd. 
	 
	 
	By: 	     /s/
          Tung Lam 

	 	Tung Lam
	 	Chief Executive Officer 

  

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK SIGNATURE 

PAGES FOR SELLING STOCKHOLDERS AND INVESTORS FOLLOW]

 

 

 

Amendment No. 3 to Securities Purchase Agreement 

  	SELLING STOCKHOLDERS:                          
	 
	 
	/s/
          Lin Ling Li 
	MS. LIN LING LI 
	 
	 
	 
	 
	/s/Siu
          Sing Chan 
	MS. SIU LING CHAN 

  

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK SIGNATURE 

PAGES FOR INVESTORS FOLLOW]

 

 

 

Amendment No. 3 to Securities Purchase Agreement 

  	INVESTORS: 
	 
	Pinnacle China Fund,
          L.P. 
	 
	 
	By: 	     /s/Barry
          M. Kitt 
	 	Barry M. Kitt, 	 
	 	Manager, Kitt China
          Management, L.L.C., 
	 	the Manager of Pinnacle
          China Management, L.L.C., 
	 	the General Partner
          of Pinnacle China Advisors, L.P., 
	 	the General Partner
          of Pinnacle China Fund, L.P. 
	 
	Total
          number of Shares owned:	2,110,818 

  

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK SIGNATURE 

PAGE FOR OTHER INVESTOR FOLLOWS]

 

 

 

Amendment No. 3 to Securities Purchase Agreement 

  	 	Capital Ventures International 	 
	 	 	 
	 	 	 
	By:  	Heights
          Capital Management, Inc., 
	 	its authorized agent 	 
	 	 	 
	 	 	 
	 	      /s/
            Martin Kobinger 
	 

	 	Name: Martin Kobinger 	 
	 	Title: Investment Manager 	 
	 	 	 
	 	 	 
	Total
      number of Shares owned: 	322,216           

   

   

   

Amendment No. 3 to Securities Purchase AgreementExhibit 4.14 

AMENDMENT NO. 4

TO SECURITIES PURCHASE AGREEMENT

          This AMENDMENT NO. 4 to the SECURITIES PURCHASE AGREEMENT is entered into as of May 9, 2007 (this “Amendment”) by and among China
Biologic Products, Inc., a Delaware corporation (“CBP”), its wholly-owned subsidiary Logic Express Limited (“Logic Express”) and its 82.76% owned subsidiary Shandong Missile Biologic Products Co., Ltd. (“Shandong Missile”), Ms. Lin Ling Li and Ms. Siu Ling Chan (together, the
“Selling Stockholders”), and the investors signatory thereto (each an “Investor” and collectively, the
“Investors”).  Each of CBP, Logic Express, the Company, the Selling Stockholders and the Investors are referred to herein as a “Party” and collectively, as the “Parties”. Capitalized terms used, but not otherwise defined, herein have the meanings ascribed to
such terms in the Original Agreement (as defined below). 

BACKGROUND

          The Parties entered into a Securities Purchase Agreement, dated as of July 18, 2006 (as amended, the “Original Agreement”),
pursuant to which each of the Investors purchased from the Company and the Selling Stockholders, the Shares, Selling Stockholder Shares and the Warrants representing each Investors Investment Amount. As a condition to the closing of the Original
Agreement, the Parties agreed to place the Make Good Shares into escrow for the benefit of the Investors, pursuant to a Share Escrow Agreement, dated as of July 19, 2006, to be distributed to the Investors in the event that the Company fails to meet
certain Performance Thresholds as set forth therein. The Parties desire to enter into this Amendment to modify the terms of the Original Agreement as more specifically set forth herein. 

AGREEMENT

          NOW, THEREFORE, in consideration of the mutual promises of the parties hereto, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows: 

          I.        Amendment
to Make Good Escrow Arrangement:  Delete sentence
before the penultimate sentence of Section
4.11 of the Original Agreement in its entirety
and insert the following sentence in its place:

  
    
      “Notwithstanding the foregoing or anything else to the contrary herein, for purposes of determining whether or not the applicable thresholds set forth in (a) and (b) above have been met, neither (i) the release of any of the
        Escrow Shares to Ms. LI Lin Ling and Ms. CHAN Siu Ling as a result of the operation of this Section 4.11, (ii) the payment of or obligation to pay any liquidated damages accrued by operation of the Registration Rights Agreement nor (iii) the
      valuation of the Warrant Shares shall be deemed to be an expense, charge, or other deduction from revenues even though GAAP may require contrary treatment. 

  

          II.        Agreement. In all other respects, the Original Agreement shall remain in full force and effect. 

          III.       Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one
and the same instrument. 

[Signature Page Follows]

2

          IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first above written. 

  	CBP: 
	 
	China Biologic
          Products, Inc. 
	 
	 
	By: 	     /s/
          Stanley Wong 
	 	Stanley Wong 
	 	Chief Executive Officer 
	 
	 
	 
	LOGIC EXPRESS: 
	 
	Logic Express
          Limited 
	 
	 
	By: 	     /s/
            Lin Ling Li 

	 	Lin Ling Li 
	 	Director
	 
	 
	 
	SHANDONG
            MISSILE: 
	 
	Shandong Missile
          Biologic Products Co., Ltd. 
	 
	 
	By: 	     /s/
            Tung Lam 

	 	Tung Lam 
	 	Chief Executive Officer  

  

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK SIGNATURE 

PAGES FOR SELLING STOCKHOLDERS AND INVESTORS FOLLOW]

 

 

 

Amendment No. 4 to Securities Purchase Agreement 

  	SELLING STOCKHOLDERS:                
	 
	 
	/s/
          Lin Ling Li 

	MS. LIN LING LI 
	 
	 
	 
	 
	/s/
          Siu Ling Chan 
	MS. SIU LING CHAN 

  

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK SIGNATURE 

PAGES FOR INVESTORS FOLLOW]

 

 

 

Amendment No. 4 to Securities Purchase Agreement 

  	INVESTORS: 
	 
	Pinnacle China Fund,
          L.P. 
	 
	 
	By:   	     /s/
          Barry M. Kitt 
	 	Barry M. Kitt, 	 
	 	Manager, Kitt China
          Management, L.L.C., 
	 	the Manager of Pinnacle
          China Management, L.L.C., 
	 	the General Partner
          of Pinnacle China Advisors, L.P., 
	 	the General Partner
          of Pinnacle China Fund, L.P. 
	 
	Total number of Shares
          owned: 	2,110,818           

  

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK SIGNATURE 

PAGE FOR OTHER INVESTOR FOLLOWS]

 

 

 

Amendment No. 4 to Securities Purchase Agreement 

  	Capital Ventures International 
	 	 	 
	 	 	 
	By:  	Heights Capital Management,
          Inc., 
	 	its authorized agent 	 
	 	 	 
	 	
        /s/Martin
              Kobinger 

      

	 	Name: Martin Kobinger 	 
	 	Title: Investment Manager 	 
	 	 	 
	 	 	 
	Total number of Shares
          owned: 	 322,216                

   

   

   

Amendment No. 4 to Securities Purchase Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]