ESCROW AGREEMENTEscrow Agreement • June 30th, 2006 • China-Biotics, Inc • Mining & quarrying of nonmetallic minerals (no fuels) • Texas
This Escrow Agreement, (this Agreement) is made and entered into effective as of March 22, 2006, by and among Chinamerica Fund, L.P., a Texas limited partnership (Chinamerica), Sinosmart Group, Inc., a British Virgin Islands company (Sinosmart), and Gateway National Bank, N.A., a national banking association with offices in Dallas, Dallas County, Texas (the Bank). China-Biotics, Inc., a Delaware corporation formerly known as Otish Resources, Inc. (the Company), is an intended beneficiary of this Agreement, and shall be entitled to enforce the provisions of this Agreement from and after the date of the consummation of the China-Biotics Exchange (defined below).
ContractLoan Agreement • June 30th, 2006 • China-Biotics, Inc • Mining & quarrying of nonmetallic minerals (no fuels)
For reference only. In case there is any discrepancy in the contents between the English and the Chinese versions, the Chinese version shall prevail.
