Document:

Guangzhou City Real Estate Property Purchase
Agreement

 

(Summary Translation for Reference Only)

 

Seller (Party A):         Guangzhou Hezhong CD Manufacturing Co.,
Ltd.

Legal Representative: ZHU Suifeng

 

Buyer (Party B):         Guangzhou Municipality Tianhe Nuoya Bio-engineering
Co., Ltd.

Legal Representative: ZHENG Ting

 

Pursuant to relevant laws, statutes and
regulations of the People’s Republic of China Contract Law, Party A and Party B have, on the voluntary basis, entered into
the following agreement

 

Article I         Party A desires to transfer
the real estate property it owns, including the land use right to the surrounding public green area and road (See Property Layout
Plan attached for details) (hereinafter the “Property”) to Party B. See Appendix 1 for the ownership certificate for
details about the Property.

 

(1)         The
Property is located at 8 Nanyun Third Road and 1 Nanyun Fourth Road, Guangzhou Development Zone; its ownership certificate number
is: G0510004465.

 

(2)         The
Property type: concrete structure of 5 stories with 14,607.98 m2 of construction areas; built in 2007; no parts or areas
in violation of zoning regulations. All the construction land use plan, project plan, project implementation and completion permit
documents are complete and in good standing, and there is no delinquency of project construction fund or other construction capital.

 

The Property to be purchased includes all
the current auxiliary facilities, except manufacturing equipment.

 

Party A guarantees the compliance of electricity
facilities with the power regulatory rules and will provide assistance in fire-prevention inspection and environmental assessment,
as well as in the maintenance of the Property and its facilities in their warranty period.

 

(3)         The
Property has a state land use right to an area of 4,192.84 m2 and the purpose of such use is industrial. The land use
right was obtained through a transfer. The valid period of such use right is from May 26, 2006 to May 25, 2056, and all the transfer
consideration and taxes have been paid in full. This purchase also includes the land use right to the public green area and road
surrounding the Property (See Property Layout Plan attached for details).

 

(4)         There
are other rights and interests (pledge) and lease relationships in connection with this Property (see Appendix 2 for details on
the list of pledged items in connection with this Property and the corresponding loan contract and pledge contract, and see Appendix
3 for details on the current existing leases and lease contracts). Please see Appendix 4 for documents evidencing the waiver of
right of first refusal by all lessees except Party B and the lessees’ consent to this purchase.

 

    	 

    	 

    

 

Party A warrants that the contents described
in the above paragraphs are true, warrants the authenticity of all the ownership certificate of the Property and the corresponding
land use right certificate; and warrants that there are no other rights, encumbrances and restrictions regarding the Property that
have not been disclosed to Party B.

 

Article II            Purchase Price and Payment

 

(1)         The
two parties agree that the total purchase price for the Property is RMB100,000,000.00.

 

(2)         
Party B will pay the purchase price in installments according to the following:

 

(a)          Within
5 business days upon the execution of this agreement, Party B will pay to Party A an amount equal to 25% of the total purchase
price, i.e., RMB25,000,000.00. This initial amount will be deposited into a designated escrow account to be set up within 3 business
days upon the execution of this agreement. Party A and Party B will jointly administer this escrow account. The amount in this
account can only be used toward the repayment of the remaining RMB25,000,000.00 of the principal and interest of the outstanding
loan on the Property, unless there is joint written consent from the two parties.

 

(b)          Upon
the completion by Party A of removing all encumbrances and restrictions on the property, and upon the acceptance by regulatory
authority of the transfer application documents (no later than July 9, 2012), Party B will pay to Party A an amount equal to 25%
of the total purchase price, i.e., RMB25,000,000.00.

 

If Party A fails to fulfill the provisions
stated in the above paragraph before July 9, 2012, Party B shall have the right to stop making the payment of this amount and shall
be considered to have become the owner of the Property on that day, and Party A must pay the rent, as a lessee, to Party B at the
rate of RMB1.50 per m2 per day, starting from that date, until Party A completes the removal of all encumbrances and
restrictions on the Property and the acceptance by regulatory authority of the transfer application documents for processing.

 

(c)          Within 5 business days upon completion of the transfer registration procedures mentioned above, and upon Party B’s obtaining
ownership certificate (no later than July 31, 2012), Party B will pay to Party A all the remaining balance of the total purchase
price, i.e., RMB50,000,000.00. If Party A fails to fulfill this provision before July 31, 2012, Party B shall have the right to
stop making the payment of this amount, and Party A must pay the rent, as a lessee, to Party B at the rate of RMB1.50 per m2
per day, starting from that date, until Party B obtains the ownership certificate for the Property.

 

Article III           Party A must hand over the Property contemplated
herein in good condition before July 31, 2012 to Party B for Party B to occupy and use; upon accepting the hand-over by Party A
of the said Property, Party B will sign the delivery confirmation document with Party A.

 

    	2

    	 

    

 

If for any reason, Party A fails to completely
hand over the Property in satisfaction of the provisions set forth in Appendix 5 hereto before July 31, 2012, Party A must lease
the space on all levels as a lessee at the rate of RMB35.00 per m2 per month starting from August 1, 2012 until the
complete hand-over of the Property.

 

The rent for such lease must be paid by
Party A at the end of each month to Party B.

 

Article IV          Party A and Party B must jointly submit application
for transaction registration to Real Estate Transaction Registration Center before July 9, 2012.

 

Article V           The risks associated with the Property will
be transferred to Party B on the date of its actual hand-over and the completion of the ownership transfer registration in accordance
with the provisions herein.

 

Article VI           Party A and Party B will each be responsible
for taxes incurred in the transaction in accordance with the relevant State and Guangzhou city regulations.

 

Article VII         If Party A fails to hand over the Property
to Party B to use and occupy in accordance with the provisions herein, Party A must, in addition to fulfilling other obligations
specified herein, pay penalty for the delay of such hand-over; the calculation method for the penalty is: 0.02% of the total purchase
price specified in Article II herein for each day of delay. If such delay is more than 10 days, Party B shall have the right to
dissolve this agreement at any time and Party A must, within 10 days of the dissolution of the agreement, pay a penalty for such
delay (such penalty will not exceed 5% of the total purchase price), return to Party B that part of the purchase price already
paid and compensate Party B for all the actual resulting losses.

 

Article VIII        If, due to any reason on Party A’s
part, the transaction registration procedures cannot be processed by Real Estate Transaction Registration Center within the time
period specified herein, Party A must, in addition to fulfilling other obligations specified herein, pay penalty for the delay
of such procedures; the calculation method for the penalty is: 0.02% of the total purchase price specified in Article II herein
for each day of delay. If such delay is more than 10 days, Party B shall have the right to dissolve this agreement at any time
and Party A must pay a penalty for such delay (such penalty will not exceed 5% of the total purchase price), return to Party B
that part of the purchase price already paid and compensate Party B for all the actual resulting losses.

 

If, due to any reason on Party B’s
part, the transaction registration procedures cannot be processed by Real Estate Transaction Registration Center within the time
period specified herein, Party B must, in addition to fulfilling other obligations specified herein, pay penalty for the delay
of such procedures; the calculation method for the penalty is: 0.02% of the total purchase price specified in Article II herein
for each day of delay. If such delay is more than 10 days, Party A shall have the right to dissolve this agreement at any time
and Party B must pay a penalty for such delay (such penalty will not exceed 5% of the total purchase price) and compensate Party
A for all the actual resulting losses. Party A must return to Party B that part of the purchase price already paid.

 

    	3

    	 

    

 

Article IX          If Party B fails to make payment in accordance
with the provisions of Section (2), Article II herein, Party B must pay penalty for the delay of such payment; the calculation
method for the penalty is: 0.02% of the total purchase price specified in Article II herein for each day of delay. If such delay
is more than 10 days, Party A shall have the right to dissolve this agreement at any time and Party B must pay a penalty for such
delay (such penalty will not exceed 5% of the total purchase price) and compensate Party A for all the actual resulting losses.
Party A must return to Party B that part of the purchase price already paid.

 

Article X           Other matters not covered herein may be provided
by the two parties in other additional provisions or in supplemental agreements, which will become part of this agreement. The
contents in such additional provisions or supplemental agreements shall prevail.

 

Article XI          This agreement shall be deemed established
upon execution.

 

Article XII         This agreement shall become effective upon
establishment. If there are other conditions set by the two parties for its effectiveness, then this agreement shall become effective
upon fulfillment of such conditions.

 

Article XIII       Any dispute must be resolved through consultation;
if such consultation fails, such dispute may be submitted to the people’s court at the location of the Property for resolution.

 

Article XIV       This agreement has 6 duplicates and all
have the same legal effect.

 

Article XV         Party A must provide the list of the Property’s
facilities and equipment and land division map to Party B before Party B makes the initial payment. Such document will be the component
of this agreement and will have the same legal effect.

 

Seller (Party A):          Guangzhou Hezhong CD Manufacturing Co.,
Ltd.

Legal Representative: /s/ ZHU Suifeng

 

Buyer (Party B): Guangzhou Municipality Tianhe Nuoya Bio-engineering
Co., Ltd.

Legal Representative: /s/ ZHENG Ting

 

June 28, 2012

 

    	4

    	 

    

 

Appendices

 

(Brief description and summary for reference
only)

 

Appendix 1     Guangdong Province Property Ownership Certificate

 

Property Owner:     Guangzhou Hezhong CD
Manufacturing Co., Ltd.

Personal ID No.:

Type of Property:

		Planned Use:	Industrial

		Obtained Through:	New construction

		Type of Ownership:	Sole ownership

		Date of Registration:	April 8, 2010

[Description of the property and the land
thereunder omitted]

Notes:

*Taxes: Exempt

*State land transfer consideration already
paid; term of the land use right: 50 years starting from May 26, 2006.

Certificate Issuer: /seal/ Guangzhou
Municipal Land Resources and Housing Administrative Bureau

Registration No.: 10R05000094

[Layout of the property attached]

 

		Appendix 2	Maximum Amount Pledge Contract (contract No. 12110310130/1)

(Brief description and summary for reference only)

 

This is a pledge contract under a credit
facility contract (called “Master Contract” (contract No. 12110310130) executed on April 11, 2011) as a guarantee contract
between the same two parties.

 

		Pledgee (Party A):	Guangdong Development Bank, Guangzhou Branch

		Pledgor (Party B):	Guangzhou Hezhong CD Manufacturing Co., Ltd.

		Date of Execution:	April 11, 2011

 

		Maximum amount guaranteed:	RMB20,000,000.00

		Item pledged as guarantee:	Factory building with a value appraised at RMB65,010,100.00
as indicated by the “List of Pledged Property” attached.

 

Structure of the Pledge Contract
(Titles of Provision Sections)

Article 1 Master Contract

 

    	5

    	 

    

 

Article 2 Maximum Amount Guaranteed

Article 3 Property Pledged

Article 4 Term of the Pledgee’s Right

Article 5 Scope of the Guarantee

Article 6 Registration of the Pledge

Article 7 Management and Use of the Pledged
Property

Article 8 Insurance

Article 9 Realization of the Pledgee’s
Right

Article 10 Representations and Warranties

Article 11 Pledgor’s Liability

Article 12 Disclosure of Related Party Transactions
with Party B’s Affiliates

Article 13 Party A’s Rights and Responsibilities

Article 14 Party B’s Rights and Responsibilities

Article 15 Each Party’s Responsibility
for Other Charges

Article 16 Event of Breach and Handling
of Breaches

Article 17 Notarization

Article 18 Effectuation, Amendment, Dissolution
and Termination of the Contract

Article 19 The Survivability of the Contract

Article 20 Applicable Law and Dispute Resolution

Article 21 Party B’s Special Acknowledgement

Article 22 Other Provisions

Article 23 Miscellaneous

 

		Appendix 3	Business Building Lease Agreement

(Brief description
and summary for reference only)

  

		Lessor (Party A):	Guangzhou Hezhong CD Manufacturing Co.,
Ltd.

		Lessee (Party B):	Guangzhou Municipality Tianhe Nuoya Bio-engineering
Co., Ltd.

		Date of Execution:	September 15, 2008

 

Description of the
Building:     Located at 1 Nanyun Fourth Road, Guangzhou Science City, Guangzhou, this is a building under construction in
Hezhong Industrial Park, with construction area of 5,168 m2. It is to be used as office space and laboratory for
R&D of cord blood stem cells.

 

Term of the Lease:     20 years
starting from the date of hand-over of the building after its construction completion. Party B has the first right of refusal for
renewal upon expiration of the lease.

 

    	6

    	 

    

 

		Rent:	RMB25 per month per m2 (for a total rent of RMB129,200.00 per month) for the first 5-year period; to be adjusted
starting from the second 5-year period through negotiation based on the market rate.

 

Structure of the Lease Agreement
(Titles of Provision Sections)

Article 1 General Information about the
Building

Article 2 Ownership of the Building

Article 3 Use of the Building

Article 4 Documents of Identification (Business
License, etc.)

Article 5 Remodeling of the Building

Article 6 Term of the Lease

Article 7 Rent

Article 8 Other Charges

Article 9 Delivery and Return of the Building

			Article 11 Maintenance and Repair

			Article 12 Sublease

			Article 13 Change of Ownership

			Article 14 Contract Dissolution

			Article 15 Liability for Breach

			Article 16 Dispute Resolution

			Article 17 Others

 

Appendix 4     [N/A]

 

Appendix 5     [N/A]

 

    	7Hundsun (Hangzhou) Science & Technology
Park

Property Transfer Agreement

Contract #: H216

 

(Summary translation for reference only)

 

		Party A (Transferor):	Hangzhou Hundsun Baichuan Technology Co., Ltd.

		Legal Representative:	HU Weiguo

 

		Party B (Transferee):	Beijing Jiachenhong Biological Technologies Co., Ltd.

		Legal Representative:	DENG Yue

 

Pursuant to the “People’s Republic
of China Contract Law” and other relevant laws, statutes and regulations, Party A and Party B have, on the voluntary basis,
entered into the following agreement regarding the property transfer:

 

Article
I          Background of the Construction Project

 

Party A entered into an agreement “State
Construction Land Use Right Transfer Contract” (contract No. 3301102009A21063) with Hangzhou Municipal Bureau of Land and
Resources Yuhang District, and obtained the land use right, through a transfer, of a piece of land situated in Gexiang Village,
Cangqian Township, Yuhang District (“PRC State Land Use Right Certificate” No. HY(2010)117-608).

 

The area of the land is 28,527.5 m2
and the type of the land is “Comprehensive (Commercial/Office) Land” and the land use period ends on July 20, 2060.

 

It was approved for  Party A to
construct office buildings (interim name “Hundsun (Hangzhou) Science & Technology Park (Second
Phase); “Construction Land Planning Permit” No. LN200901518052; “Construction
Project Planning Permit” No. CN201101518027; and “Construction Project Implementation Permit”
No. 330125201106300201).

 

Article II Conditions for the Transfer of
the Project

 

Party B has acknowledged the facts stated
above and the relevant documents, read and understood “Property Management Interim Provisions” formulated by the construction
company of Hundsun (Hangzhou) Science & Technology Park (See Appendix 5 attached hereto) and “Hundsun (Hangzhou) Science
& Technology Park Management Rules (Interim)) (See Appendix 6 attached hereto), gained complete understanding of the conditions
of the buildings that Party A desires to transfer and is willing to accept the transfer.

 

    	 

    	 

    

 

Article III Basic Information about the
Building Units

 

Party A transfers the following buildings
(hereinafter, the “Building Units”; see Appendix 1 for Floor Plan of the Units of the Buildings) to Party B, which
are part of the construction project specified in Article 1:

 

Unit 1 of Building 14, Unit 2 of Building
14, Unit 3 of Building 14 and Unit 4 of Building 14, 4 stories above ground and 1 story underground; Unit 1 of Building 24 and
Unit 2 of Building 24, 4 stories above ground and 1 story underground; Building 25, 4 stories above ground. The usage of the Building
is office space.

 

The total construction area of the Building
is 5,562.26 m2, of which 3,956.97 m2 are interior construction area and 1,605.29 m2 are apportioned
public area (see Appendix 3 for the list of the apportioned public areas and the list of construction areas).

 

In addition to the purchase of the Building
mentioned above, the two parties have reached agreement regarding the transfer, gift or lease of parking spaces, parking garages
and other properties (see Appendix 4 attached hereto).

 

Article IV Calculation of Price and Total
Price

 

The total price is based on the construction
area. The unit price of the Building is RMB15,235.16 per m2, and the total price is RMB84,741,920.85.

 

Article V Payment Method and Schedule

 

Party A and Party B have agreed on the installment
payment method.

 

Party B makes the initial payment of RMB42,370,960.43
before January 25, 2013;

 

Party B makes the second payment of RMB42,370,960.42
before February 1, 2013.

 

Article VI Party B’s Liabilities for
Delay of Payment

 

If Party B’s delay of payment is less
than 60 days, Party B must pay a penalty at 0.03% per day of the amount payable starting from the day after the payment due date,
until such due amount is paid in full, and this agreement must continue to be performed.

 

If Party B’s delay of payment is more
than 60 days, Party A shall have the right to dissolve this agreement. If Party A so dissolves this agreement, Party B must pay
a penalty at 10% of the total purchase price. If Party A is willing to continue the performance of the agreement, Party B must
pay a penalty at 0.05% per day of the amount payable starting from the day after the payment due date, until such due amount is
paid in full.

 

    	 

    	 

    

 

Article VII Recognition of Construction
Area and Handling of Discrepancies

 

Based on the calculation method for the
purchase price of the Building, the basis for area recognition and discrepancy handling is construction area.

 

If there is any discrepancy between the
area specified herein and the actual survey result from the government appointed survey agency, the latter shall prevail.

 

If there is such discrepancy, the two parties
agree that the total price will be recalculated based on unit price specified in Article IV and adjustment for payment will be
made with no interest.

 

Article VIII Delivery Schedule

 

Party A must, in accordance with the relevant
state and local government regulations, hand over to Party B for the use of the Building that has met the inspection conditions
in different phases before February 5, 2013. Upon receiving notice from Party A, Party B must proceed with Party A to complete
the delivery procedures.

 

Upon the occurrence of the following special
circumstances, Party A may postpone the delivery, unless the parties hereto agree to dissolve or modify this agreement:

 

1.          Occurrence
of Force Majeure and Party A has notified Party B within 30 days upon such occurrence;

 

2.          If
Party B fails to make payment in accordance with Article VI herein, the delivery shall be considered effected, but the delivery
procedures will be started within 15 days after Party B pays the total purchase price in full.

 

3.          Construction
delay due to measures taken, pursuant to the relevant laws and regulations, by a planning, cultural relics, environmental protection,
land management or forest/water management regulatory agency at county level or above, or due to major technical issues;

 

4.          The
scope of Force Majeure includes, but not limited to, earthquake, flood and other natural disasters, war, riot, widespread contagious
disease, large-scale power or water supply outage and other unusual social events, and change of government policies and laws.

 

Article IX Party A’s Liability for
the Delay of Delivery

 

Except in special circumstances mentioned
in Article VIII above, if Party A’s delay of delivery is less than 60 days, Party A must pay a penalty at 0.03% per day of
the purchase price already received starting from the day after the required delivery date (as mentioned in Article VIII above),
until actual delivery, and this agreement must continue to be performed.

 

    	 

    	 

    

 

If Party A’s delay of delivery is
more than 60 days, Party B shall have the right to dissolve this agreement. If Party B so dissolves this agreement, Party A must
pay a penalty at 10% of the total purchase price and return the entire purchase price already received. If Party B is willing to
continue the performance of the agreement, Party A must pay a penalty at 0.05% per day of the purchase price already received starting
from the day after the required delivery date, until actual delivery.

 

Article X Provisions Regarding Planning
and Design Changes

 

If there is any modification to the plan
and design of the Building approved by the design company and by administrative agencies, resulting in change of the structure,
room type and orientation of the Building, Party A must notify Party B in writing within 15 days upon receiving approval notice
for such modification.

 

Party B shall have the right to decide whether
to return the Building and notify Party A in writing within 15 days. If Party B fails to notify Party A in writing within 15 days,
it will be considered that Party B has accepted such modification.

 

If Party B decides to return
the Building, Party A must return the purchase price already received to Party B (together with interest calculated base on
one year borrowing rate) within 30 days upon the dissolution of this agreement. If Party B decides not to return the
Building, the two parties must enter into supplemental agreement within 30 days.

 

Article XI Delivery of the Building

 

When the Building satisfies the conditions
for delivery, Party A must notify Party B in writing to proceed for delivery procedures, and Party B must proceed to the designated
location at the time specified in the delivery notice for such procedures. Upon completion of the acceptance inspection in accordance
with Article XIII herein and the provision in Appendix 2, Party B must execute the Building delivery document.

 

After the Building satisfies the
conditions for delivery, if the delivery cannot take place at the specified time due to any reason on Party B’s part,
the Building shall be considered to have been delivered, and Party B must be responsible for all the property taxes, land use
taxes, property management fee (calculate base on 70% of the applicable management fee) and other charges associated with
the Building and assume the risk of destruction, damage and fire to the Building.

 

If Party B fails to process delivery procedures
within 3 months upon receiving the delivery notice from Party A, Party A shall have the right to dissolve this agreement, and Party
B must pay a penalty in the amount of 10% of the total purchase price. Party A will return the purchase price, after deducting
such penalty for Party B’s breach, within 60 days upon the dissolution of this agreement.

 

Article XII Ownership Certificate and Handling
of Debts

 

    	 

    	 

    

 

The land on which the Building resides has
been pledged to China Industrial and Commercial Bank (Hangzhou west branch) for a loan. Party A promises to have the pledge cancelled
when it processes with the ownership certificate procedures.

 

Party A shall assume all responsibility
if, due to any reason on its part, the ownership certificate transfer cannot be registered or if there is any dispute regarding
debts in accordance with the provisions of Article XIV herein.

 

Article XIII Guarantees Regarding Infrastructure
and Public Facilities

 

Party A guarantees that the infrastructure
and public facilities necessary for the normal use of the Building will meet the following criteria for use:

 

1.            The
roads inside the park area and the water, electricity supply facilities and sewage system have been put in operation at the time
of the delivery;

 

2.            The
property management system has been put in place at the time of the delivery.

 

Otherwise, Party A must remedy the situation
within 60 days upon the delivery of the Building. If Party A fails to remedy the situation within 60 days, Party A must pay a penalty
to Party B at 0.01% per day of the total purchase price until all criteria are met (except in circumstances due to Force Majeure
provided in Article VIII).

 

Article XIV Transfer of Ownership Certificate

 

Party A promises to obtain all land use
and property ownership documents before July 30, 2013. After Party B or Party B’s subsidiary completes business tax registration
in the park and has paid taxes for 3 months, Party A and Party B will process the Building transfer registration in accordance
with the requirements from regulatory agencies of Yuhang District. If Party B establishes new entity in the park, Party A and Party
B must confirm in writing such new entity after the completion of its registration, and the new entity must inherit all of Party
B’s rights and responsibilities with Party B assuming joint and several liability to Party A.

 

If Party A fails to obtain all land use
and property ownership documents before July 30, 2013, Party A and Party B agree:

 

1.            If
such failure is less than 60 days, Party B will offer forgiveness and this agreement will continue to be performed;

 

2.            If
such failure is more than 60 days, Party A must:

 

a.           Pay
to Party B a penalty at 1% of the purchase price already received, if Party B decides not to return the Building; or

 

    	 

    	 

    

 

b.           Return
the purchase price with interest (calculated based on one year borrowing rate) already received to Party B, if Party B
decides to return the Building, within 30 days upon receiving notice from Party B.

 

Article XV Responsibility for Warranty

 

The scope and term of the warranty for the
Building are as follows:

 

Reasonable number of years of use
specified in the design document for the foundation and main structure, 5 years for any leaks in the exterior surface wall,
on the floor, in bathrooms and 2 years for power supply system and water supply system and equipment installation. Warranty
period commenced from date the construction work is completed and endorsed by Party B.

 

Article XVI Party B’s Promises

 

1.           Party
B will use the Building transferred by Party A as office space and will not change such purpose without authorization.

 

2.           Party
B will assume responsibility for all risks for the Building and arrange for insurance upon acceptance of its delivery. Party B
will assist Party A in its centralized management of the property.

 

3.           Party
B will not alter the internal structure of the Building and will not violate security and fire prevention regulations. Party
B renovation work will need to be pre-approved by Party A or Party A engaged property management company.

 

4.           Unless
otherwise provided herein or elsewhere, Party B has the right to use the public areas and facilities of the Building and assume
the corresponding obligations.

 

5.           Party
B must not change the nature of use of any public area and facility of the Building without authorization.

 

6.           Party
A shall have the right to pursue Party B for any violation of the above.

 

Article XVII In the event of any breach
resulting from the occurrence of Force Majeure and any factors beyond the control of either Party A or Party B, and the party in
breach notifies the other party within 30 days of such occurrence, the party in breach will not bear any responsibility and the
two parties may negotiate for extension, amendment or dissolution of this agreement.

 

Article XVIII After this agreement has become
effective, each party will be responsible for any taxes and fees required by the State, the Zhejiang Province and Hangzhou City
in connection with this agreement.

 

Article XIX Any dispute in connection with
the performance of this agreement must be resolved through negotiation; if such negotiation fails, such dispute may be submitted
to the People’s Court at the location of the Building.

 

    	 

    	 

    

 

Article XX All written notifications in
connection with this agreement must be delivered to the contact addresses provided herein.

 

Article XXI Any matter not covered herein
may be provided in a supplemental agreement between the two parties.

 

Article XXII This agreement, any supplemental
agreement and all its appendices constitute one document and have the same legal effect.

 

Article XXIII This agreement has one format
and 4 duplicates, with 2 to Party A and 2 to Party B.

 

Article XXIV This agreement will become
effective upon execution by Party A and Party B.

 

		Party A:	/seal/ Hangzhou Hundsun Baichuan Technology Co., Ltd.

		Legal Representative:	/s/ [not legible]

 

		Party B:	/seal/ Beijing Jiachenhong Biological Technologies Co.,
Ltd.

		Legal Representative:	/s/ [ZHENG Ting]

 

		Date:	January 25, 2013

 

    	 

    	 

    

 

Appendices

 

(Very brief description and summary of
appendices)

 

		Appendix 1	Floor Plan of the Units of the Building

 

		Appendix 2	Specification of the Remodeling and Facilities of the
Building
	 	 	[Specifications of the paint, floor and
window glass, etc. for hallways, stairways and entrance doors and of broad band internet and elevators]

 

		Appendix 3	Explanation of Apportioned Public Area and Structures

[About elevators, hallways, stairways, entrance
doors, etc.]

 

		Appendix 4	Agreement on the purchase, gift and lease of other properties

[None]

 

		Appendix 5	Property Management Interim Provisions

(Executed and dated January 25, 2013)

 

Major provisions (very brief summary):

		Article 1	Property Owner’s Rights

Rights to receive services
provided by the management company, supervise the performance of service agreement, report activities that affect the interests
of property owner.

		Article 2	Property Owner’s Obligations

Obligations to pay service
fee to the management company, follow the rules regarding the use and maintenance of facilities and security, and inform tenants
of such rules (if the property is leased out).

		Article 3	Decoration and Remodeling of the Property

The owner should communicate
with the property management company regarding decoration and remodeling and follow relevant rules.

		Article 4	Transfer and Lease of the Property

The property owner must
bear all responsibility regardless whether the property is leased out or not. Potential tenant needs to comply with all
relevant requirements.

		Article 5	Use of the Property

The property owner (or
any tenant) is prohibited from changing the building structure and fire prevention facility and from engaging in dangerous or unsanitary
activities.

 

    	 

    	 

    

 

		Article 6	Maintenance and Repair of the Property

			          The property owner (or any tenant)’s maintenance and repair of some special area of the property should not harm the
interests of owners of other properties and the property owner should obtain authorization if necessary.

		Article 7	Water and Electricity Charges, Service Fees and Property
Maintenance Fund

			          The property owner must pay electricity and water charges and property maintenance fund dues at the rate and according to the
schedule specified.

		Article 8	Liabilities for Failure to Pay Fees

			          The property management company can charge a penalty fee or pursue the property owner for failure to pay all charges, fees
and dues.

		Article 9	Effectiveness of the Provisions

			          The provisions are binding to the property owner and all tenants/users of the property.

 

		Appendix 6	Hundsun (Hangzhou) Science & Technology Park Management
Rules (Interim)

(Executed and dated January 25, 2013)

 

Major provisions (very brief summary):

		Article 1	General Provisions

			          This document is formulated in the interest of promoting the construction and sustainable development of Hundsun (Hangzhou)
Science & Technology Park (the “Park”). The Park is a major strategic investment project supported by the government;
Hangzhou Hundsun Baichuan Technology Co., Ltd., a company jointly founded by Hangzhou Hsundsun Electronics Group Ltd. and Dinghui
Investment, will be responsible for the construction of infrastructure and for the operation and management.

		Article 2	Occupancy Qualifications

			          The entities to reside in the Park must meet certain qualifications (independent legal person in technology industry).

		Article 3	Documents Required for Occupancy

			          Business licenses and other documents required must be submitted along with an application before an entity can be admitted.

		Article 4	Favorable Treatments for Businesses and Organizations
in the Park

			          Businesses admitted may benefit from certain favorable government policies.

		Article 5	Planning and Construction

			          The construction, use and development of the Park are centrally planned and managed. Any property owner and all tenants/users
in the park must meet the qualification specified in Article 2.

		Article 6	Management of and Services for the Occupying Businesses

			          Occupying businesses in the Park can enjoy the benefits of several service platforms (policy service platform, innovation platform,
investment/finance service platform, human resources platform and basic service platform) provided by the operation and management
company.

 

    	 

    	 

    

 

		Article 7	Miscellaneous

			          Hangzhou Hundsun Baichuan Technology Co., Ltd. is responsible for the interpretation of this document.

 

		Appendix 7	Hundsun (Hangzhou) Science & Technology Park Parking
Space Use Right Transfer Agreement

(Executed and dated January 25, 2013)

 

Brief Summary:

This is an agreement between Hangzhou Hundsun
Baichuan Technology Co., Ltd. as a transferor and Beijing Jiachenhong Biological Technologies Co., Ltd. as transferee, covering
the transfer of use right to 36 parking spaces. The price of the transfer is RMB2,600,000 to be paid in full within 5 days upon
the execution of this agreement.

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