Contract
Exhibit
10.1
THIS
RESCISSION AGREEMENT made
the
September 28, 2006 by and among
Golden Health Holdings, Inc., a
Nevada
corporation (hereinafter the “Golden Health”), and Xx.
Xx Xxx Xxx
(hereinafter the “Yip”).
WHEREAS
on
September 30, 2005, Golden Health entered into a reverse acquisition agreement
(the “Share Exchange Agreement”) with Xx. Xxx to acquire 100% shareholdings in
Joy Power International Holdings Limited (“Joy Power”). 50,500,000 shares of
common stock of Golden Health had been issued to Yip as part of the purchase
consideration (“the Shares”).
WHEREAS
due to
an accident occurred with the then directors/officers of Golden Health during
the quarter ended June 30, 2006, Joy Power ceased its business operations and
became dormant. Xx. Xxx decided to rescind the Share Exchange Agreement by
surrendering of the Shares back to Golden Health for cancellation.
NOW,
THEREFORE, the Parties agree
that Xx.
Xxx returned the Shares to Golden Health for cancellation and to rescind the
Share Exchange Agreement.
This
Agreement shall be governed and construed in accordance with the Laws of Nevada
and the
parties
hereby submit the non-exclusive jurisdiction of the Courts of
Nevada.
IN
WITNESS WHEREOF, this Agreement has been executed as of the day and year first
above written.
By:
/s/ Shi Xxx Xxxx
Madam
Shit Xxx Xxxx
CFO
and
Director, for and on behalf of
By:
/s/ Yu Xxx Xxx
Xx.
Xx
Xxx Xxx
