Share Issuance and Debt Cancellation Agreement between Toptime International Limited and Daykeen Group Limited
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Summary
Toptime International Limited (Party A) and Daykeen Group Limited (Party B) agree that, in connection with Party A's purchase of 90% of Chongqing JiuZhou Dismutase Biology Technology Co., LTD., Party B has paid $54.82 million to the shareholders of the acquired company. In return, Party A will issue 5,432 shares to Party B. Once Party B receives these shares, it will cancel the related debts. The agreement was signed on December 27, 2006.
EX-10.8 8 v096393_ex10-8.htm
Exhibit 10.8
The Agreement
(English Translation)
Party A: Toptime International Limited
Party B: Daykeen Group Limited
1. In connection with Party A’s purchase of 90% of the shares of Chongqing JiuZhou Dismutase Biology Technology Co., LTD., Party B has paid $54.82 million to the shareholders of Chongqing JiuZhou Dismutase Biology Technology Co., LTD.
2. Party A agrees to issue 5,432 shares to Party B.
3. Party B agrees to cancel the debts after it receives the 5,432 shares from Party A.
Party A: Toptime International Limited
Party B: Daykeen Group Limited
Date: December 27, 2006
