Document:

fs1a10510ex10vi_chinabct.htm

 

Exhibit 10.6

 

 

Shares Pledge Agreement

 

Party A: Guangxi Liuzhou Baicaotang Medicine Ltd.

 

Legal Representative: Tang Huitian

 

 

Party B: Shareholders of Liuzhou Baicaotang Property Management Ltd.

 

Representative: Tang Huitian

 

 

Whereas,

 

	
(1)  

	
Party B totally holds the equity of Liuzhou Baicaotang Property Management Ltd. (“BCT Property”);

 

	
(2)  

	
Party B borrowed RMB153,000.00 (“Loan”) from Party A on May 3, 2008;

 

	
(3)  

	
Party B intends to pledge the equities it holds in BCT Property to Party A to guarantee the Loan.

 

 

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

 

	
1.  

	
Party B shall pay all the amount of Loan back to Party A no later than December 31, 2015.

 

	
2.  

	
Party B agrees to pledge all the equities it holds in BCT Property (“Pledged Equity”) to Party A, and will register such pledge with the competent Authority of Industry and Commerce (“AIC”) within ten (10) days after this Agreement is executed by the parties.

 

	
3.  

	
The scope of guarantee provided by the Pledged Equity includes: principal and interest (as calculated by the loan rate of fluid capital of the corresponding period issued by People’s Bank of China) of Loan, and all legal costs, attorney fees, travel and accommodation expenses and other necessary expenses paid by Party A for claiming its rights herein.

 

	
4.  

	
Party A and Party B hereby agree that during the pledge period:

 

	
(1)  

	
Party A may send its representative to attend the shareholders’ meeting of BCT Property, executing shareholder’s power with in the extension of the Pledge Equity;

 

	
(2)  

	
Party B may enjoy the equity interest;

 

	
(3)  

	
Party B shall not transfer the Pledged Equity to any third party without prior written consent from Party A;

 

 

  

1

  

 

	
(4)  

	
Party B shall notice Party A before any internal equity transfer is implemented.

 

	
5.  

	
If Party B repays the Loan according to this Agreement, Party A will deregister the pledged with the competent AIC within ten (10) days from the date when Party B completely repays the Loan to Party A.

 

	
6.  

	
If Party B fails to repay the debt according to this Agreement, Party A may have the right to request Party B to complete the repayment within the scope of the guaranty provided by Pledged Equity as set forth herein. If the value of the Pledged Equity is insufficient to cover the Loan, Party B shall be responsible for any balance due. Party A may take the money from converting, auction or sale of the Pledged Equity to pay off the Loan with its sole selection. Where the money from the converting, auction or sale of the Pledged Equity is excess the amount of Loan, the excess amount will belong to Party B.  Where such money is insufficient to cover the Loan, Party B shall be responsible for any balance due.

 

	
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 nineteen counterparts with Party A holding two copies, Party B holding sixteen copies and the other one copy will be submitted to competent AIC for registration and filing. This Agreement shall become binding in the date signed by the Parties.

 

 

	
Party A: Guangxi Liuzhou Baicaotang Medicine Ltd.

	  
	
Legal Representative:/s/ Tang Huitian

	  
	
Date: May 3, 2008

 

 

	
Party B: Shareholders of Liuzhou Baicaotang Property Management Co., Ltd

	  
	
Representative:/s/ Tang Huitian

	  
	
Date: May 3, 2008

 

 

 2fs1a10510ex10vii_chinabct.htm

 

 

Exhibit 10.7

 

Shares Pledge Agreement

 

 

Party A: Guangxi Liuzhou Baicaotang Medicine Ltd.

 

Legal Representative: Tang Huitian

 

 

Party B: Shareholders of Liuzhou Baicaotang Property Management Ltd.

 

Representative: Tang Huitian

 

 

Whereas,

 

	
(1)  

	
Party B totally holds the equity of Liuzhou Baicaotang Property Management Ltd. (“BCT Property”);

 

	
(2)  

	
Party B borrowed RMB1,377,000.00 (“Loan”) from Party A on February 25, 2009;

 

	
(3)  

	
Party B intends to pledge the equities it holds in BCT Property to Party A to guarantee the Loan.

 

 

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

 

	
1.  

	
Party B shall pay all the amount of Loan back to Party A no later than December 31, 2015.

 

	
2.  

	
Party B agrees to pledge all the equities it holds in BCT Property (“Pledged Equity”) to Party A, and will register such pledge with the competent Authority of Industry and Commerce (“AIC”) within ten (10) days after this Agreement is executed by the parties.

 

	
3.  

	
The scope of guarantee provided by the Pledged Equity includes: principal and interest (as calculated by the loan rate of fluid capital of the corresponding period issued by People’s Bank of China) of Loan, and all legal costs, attorney fees, travel and accommodation expenses and other necessary expenses paid by Party A for claiming its rights herein.

 

	
4.  

	
Party A and Party B hereby agree that during the pledge period:

 

	
(1)  

	
Party A may send its representative to attend the shareholders’ meeting of BCT Property, executing shareholder’s power with in the extension of the Pledge Equity;

 

	
(2)  

	
Party B may enjoy the equity interest;

 

	
(3)  

	
Party B shall not transfer the Pledged Equity to any third party without prior written consent from Party A;

 

 

  

1

  

 

 

	
(4)  

	
Party B shall notice Party A before any internal equity transfer is implemented.

 

	
5.  

	
If Party B repays the Loan according to this Agreement, Party A will deregister the pledged with the competent AIC within ten (10) days from the date when Party B completely repays the Loan to Party A.

 

	
6.  

	
If Party B fails to repay the debt according to this Agreement, Party A may have the right to request Party B to complete the repayment within the scope of the guaranty provided by Pledged Equity as set forth herein. If the value of the Pledged Equity is insufficient to cover the Loan, Party B shall be responsible for any balance due. Party A may take the money from converting, auction or sale of the Pledged Equity to pay off the Loan with its sole selection. Where the money from the converting, auction or sale of the Pledged Equity is excess the amount of Loan, the excess amount will belong to Party B.  Where such money is insufficient to cover the Loan, Party B shall be responsible for any balance due.

 

	
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 nineteen counterparts with Party A holding two copies, Party B holding sixteen copies and the other one copy will be submitted to competent AIC for registration and filing. This Agreement shall become binding in the date signed by the Parties.

 

 

 

	
Party A: Guangxi Liuzhou Baicaotang Medicine Ltd.

	  
	
Legal Representative:/s/ Tang Huitian

	  
	
Date: March 31, 2009

 

 

	
Party B: Shareholders of Liuzhou Baicaotang Property Management Co., Ltd

	  
	
Representative:/s/ Tang Huitian

	  
	
Date: March 31, 2009

 

 

 2fs1a10510ex10viii_chinabct.htm

 

Exhibit 10.8

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.

 

 

  

1

  

 

 

	
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.

	
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:/s/ Tang Huitian

	  
	
Date: July 31, 2008

	  
	  
	
Party B: Liuzhou Baicaotang Property Management Co., Ltd

	  
	
Legal Representative:/s/ Tan Yuqing

	  
	
Date: July 31, 2008

 

 

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