EXTENSION AGREEMENT
BETWEEN:
and
WANXIN
BIO-TECHNOLOGY LIMITED
and
XXXXXXXX
TECHNOLOGY LIMITED
EVERTEAM
TECHNOLOGY LIMITED
HARA
INTELLIGENCE SYSTEMS CO. LIMITED
SUTEE
KAITSAKULSAK
T.
DUSADEE
XXXXX
XXXX XXXX XXX
XXXX
XXX
XXXX
BAN-JUN
WHEREAS
the parties are party to a Share Purchase Agreement dated December 21,
2006;
AND
WHEREAS Article 6.2 of the Share Purchase Agreement provides that the latest
closing date of the transactions contemplated therein shall occur no later
than
January 5, 2007, subject to an extension as may be mutually agreed to by the
parties for a maximum of 14 days per extension;
NOW
THEREFORE for good and valuable consideration, the receipt and sufficiency
of
which is hereby acknowledged, the parties hereto covenant and agree as
follows:
1. Since
the
closing of the Share Purchase Agreement will not occur by January 5, 2007,
the
closing date shall be extended so that the closing shall take place on or before
January 19, 2007.
2. All
other
terms and conditions of the Share Purchase Agreement shall remain in full force
and effect.
3. This
Agreement may be executed in original or counterpart form, delivered by
facsimile or otherwise, and when executed by the parties as aforesaid, shall
be
deemed to constitute one agreement and shall take effect as such.
DATED
with effect this 4th
day of
January, 2007.
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Per:
/s/ Xx Xx
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Authorized
Signatory
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WANXIN
BIO-TECHNOLOGY LIMITED,
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the
Company herein,
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Per:
/s/ Xx Xxxx Xxxxx Xxxxxx
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Authorized
Signatory
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XXXXXXXX
TECHNOLOGY LIMITED
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Per:
/s/ Xx Xxxx Xxxxx Xxxxxx
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Authorized
Signatory
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EVERTEAM
TECHNOLOGY LIMITED
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Per:
/s/ Tai Sin Fai
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Authorized
Signatory
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HARA
INTELLIGENCE SYSTEMS CO.
LIMITED
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Per:
/s/ Xxxx Xxxxx-Xxxx
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Authorized
Signatory
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SIGNED
and DELIVERED by
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SUTEE
KAITSAKULSAK
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in
the presence of:
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Witness
Signature
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/s/
Sutee Kaitsakulsak
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SUTEE
KAITSAKULSAK
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Witness
Address
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Witness
Name and Occupation
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SIGNED
and DELIVERED by
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T.
DUSADEE
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in
the presence of:
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Witness
Signature
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/s/
T. Dusadee
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T.
DUSADEE
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Witness
Address
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Witness
Name and Occupation
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SIGNED
and DELIVERED by
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XXXXX
XXXX XXXX XXX
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in
the presence of:
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Witness
Signature
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/s/
Xxxxx Xxxx Xxxx Xxx
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XXXXX
XXXX XXXX XXX
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Witness
Address
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Witness
Name and Occupation
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SIGNED
and DELIVERED by
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XXXX
XXX
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in
the presence of:
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Witness
Signature
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/s/
Xxxx Xxx
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XXXX
XXX
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Witness
Address
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Witness
Name and Occupation
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SIGNED
and DELIVERED by
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YANG
BAN-JUN
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in
the presence of:
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Witness
Signature
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/s/
Yang Ban-Jun
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YANG
BAN-JUN
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Witness
Address
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Witness
Name and Occupation
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