SUPPLEMENTARY AGREEMENT
FOR
STOCK PURCHASE AGREEMENT
WHEREAS Xxxxxxx xx (ID:110103196312121002), and Ziyang Zong
(ID:132429197110271811) (the "Purchaser") and Kiwa Bio-Tech Products Group
Corporation (the "Company") entered into the Stock Purchase Agreement (the
"Agreement") as of March 10, 2006, pursuant to which the Purchasers shall
deliver to the Company 30% of total Purchase Price of RMB6,000,000
(approximately $750,000) in 10 days from the effective date of this Agreement,
and the balance shall be paid to the Company in 20 days from the effective date
of this Agreement, and immediately upon full payment, the Company shall deliver
to the Purchasers certificates evidencing the Shares issued in the name of the
Purchasers.
And whereas as of April 13, 2006, the Purchasers actually delivered part of
purchase price, amounted to $350,000, and the balance is still outstanding, it
is agreed to sign this supplementary agreement to confirm the term as follows:
The Purchasers agree to settle the balance of purchase price under the Agreement
not later than April 30, 2006, and the Company agrees such amendment of payment
term.
All other terms of the Agreement are enforceable for both of the Purchasers and
the Company.
PURCHASERS:
BY: Xxxxxxx xx and Xxxxxx Xxxx
---------------------------------
Title:
The Company:
BY: Xxx Xx
---------------------------------
Title: Chairman and CEO
April 13, 2006
