Five-Party AgreementFive-Party Agreement • May 16th, 2022 • AnPac Bio-Medical Science Co., Ltd. • Services-medical laboratories
Based on the principles of equality, voluntariness, honesty and credibility, the above parties have reached agreement through consultation and reached the contract, and promised to abide by and implement it together.
Offset AgreementOffset Agreement • May 16th, 2022 • AnPac Bio-Medical Science Co., Ltd. • Services-medical laboratories
Pursuant to the “Five-Party Agreement” effective 30 June 2021, as amended and restated, in the form attached hereto as Exhibit A, Party D has confirmed that Party D owes Party B RMB 6,946,417.48 at 30 June 2021 (the “Payable”). The Payable reflects the amount due and owing from Party D to Party B in connection with the exercise price associated with an aggregate of 250,000 options held by Party A (the “Options”). On or about February 22, 2021, Party A exercised the Options and received the underlying American Depositary Shares but had not paid the exercise price associated therewith, resulting in the Payable. Effective 30 June 2021, Party A transferred the obligation to repay the Payable to Party D, with Party B’s consent. Party B agrees to transfer the Payable to Party C, and Party D consents to the transfer of the Payable from Party B to Party C and agrees and confirms that the Payable is due to Party C, effective as of the date of this Offset Agreement.
