SUPPLEMENTAL AGREEMENT REGARDING EQUITY INTERESTS TRANSFER AGREEMENTSupplemental Agreement • October 21st, 2011 • China Jo-Jo Drugstores, Inc. • Retail-drug stores and proprietary stores
On April 15, 2011, Transferors and Transferee entered into an Equity Interests Transfer Agreement. According to such agreement, Transferor WU Shisong shall transfer the 51% equity interests in Zhejiang Jiuxin Medicine Co., Ltd. held by him to Transferee, and Transferor LIU Shan shall transfer the 49% equity interests in Zhejiang Jiuxin Medicine Co., Ltd. to Transferee. According to such agreement, the total consideration for equity interests to be transferred shall be 50 million Renminbi. On the execution date of such agreement, Transferors and Transferee jointly applied to the Zhejiang Province Administration of Industry and Commerce to register the transfer of equity interests, including the registration of the Equity Interests Transfer Agreement. On the same date, the Zhejiang Province Administration of Industry and Commerce approved such registration and issued a new enterprise operating license to Zhejiang Jiuxin Medicine Co., Ltd. Prior to the execution of this Supplemental Agree
TRANSFER OF EQUITY INTERESTS AGREEMENTTransfer of Equity Interests Agreement • October 21st, 2011 • China Jo-Jo Drugstores, Inc. • Retail-drug stores and proprietary stores
Upon amicable negotiations between the Transferors and the Transferee, the two parties hereby reach the following agreements regarding transfer of equity interests of Jiuxin Medicine Co., Ltd from the Transferors to the Transferee:
