Document:

f8k122309ex10vii_cbt.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 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;

            

    

     

    
      	
              (4) 

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

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              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:

            
	 
      
	
              Date:
      May 3, 2008

            

    

     

     

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

            
	 
      
	
              Representative:

            
	 
      
	
              Date:
      May 3, 2008

            

    

     

    

      
        
           

        

        
          2f8k122309ex10viii_cbt.htm

    Exhibit
10.8

     

    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;

            

    

     

    
      	
              (4)

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

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              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:

            
	 
      
	
              Date:
      March 31, 2009

            

    

     

     

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

            
	 
      
	
              Representative:

            
	 
      
	
              Date:
      March 31, 2009

            

    

     

    

      
        
           

        

        
          2

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