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) have agreed that, in connection with Party A's purchase of 90% of Chongqing JiuZhou Dismutase Biology Technology Co., LTD., Party B will receive 5,432 shares from Party A. In exchange, Party B, having already paid $54.82 million to the shareholders of Chongqing JiuZhou Dismutase Biology Technology Co., LTD., agrees to cancel the related debts once it receives the shares. The agreement was signed on December 27, 2006.
EX-10.8 8 v093689_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
