ESCROW AGREEMENTEscrow Agreement • July 3rd, 2006 • GFR Pharmaceuticals Inc • Pharmaceutical preparations
THIS ESCROW AGREEMENT dated June 20, 2006 (this "Agreement"), is entered into by and among GFR Pharmaceuticals Inc., a Nevada corporation (“GFRP”), Richard Pierce, controlling shareholder of GFRP ("Pierce"), New Century Scientific Investment Ltd., a corporation formed according to the laws of P. R. China ("New Century"), Guo, Li An, controlling shareholder of New Century and representative of the selling shareholders of New Century (referred to collectively as "New Century"), and Greentree Financial Group, Inc. (the "Escrow Agent").
LETTER OF INTENTLetter of Intent • July 3rd, 2006 • GFR Pharmaceuticals Inc • Pharmaceutical preparations
THIS BINDING LETTER OF INTENT (the “LOI”), is made this 6th day of June 2006, by GFR PHARMACEUTICALS INC. (“GFRP”), a Nevada corporation, Richard Pierce (“Pierce”), the president and majority shareholder of GFRP, New Century Scientific Investment Ltd . (“New Century”), a corporation formed according to the laws of P. R. China, and the majority shareholder of New Century (referred to collectively as the "New Century Shareholders"). This LOI sets forth the terms and conditions upon which the parties will enter into binding agreements.
PLAN OF EXCHANGE BY WHICH GFR PHARMACEUTICALS INC. (a Nevada corporation) SHALL ACQUIRE NEW CENTURY SCIENTIFIC INVESTMENT LTD. (a corporation organized under the laws of the Peoples’ republic of China)Plan of Exchange • July 3rd, 2006 • GFR Pharmaceuticals Inc • Pharmaceutical preparations
ADJUSTMENTS: lead This Plan of Exchange (“Agreement” or “Plan of Exchange”) is made and dated as of this 26th day of June, 2006, and is intended to supersede all previous oral or written agreements, if any, between the parties, with respect to its subject matter. Notwithstanding the foregoing, it is subject to, and shall be interpreted together with the Letter of Intent, dated June 6, 2006 ("LOI"), and the Escrow Agreement, dated June 20, 2006 ("Escrow Agreement"). This Agreement anticipates that extensive due diligence shall have been performed by both parties.
