<SEC-DOCUMENT>0001144204-14-063517.txt : 20141029
<SEC-HEADER>0001144204-14-063517.hdr.sgml : 20141029
<ACCEPTANCE-DATETIME>20141029110150
ACCESSION NUMBER:		0001144204-14-063517
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20141024
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141029
DATE AS OF CHANGE:		20141029

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Akers Biosciences Inc
		CENTRAL INDEX KEY:			0001321834
		STANDARD INDUSTRIAL CLASSIFICATION:	IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36268
		FILM NUMBER:		141179060

	BUSINESS ADDRESS:	
		STREET 1:		201 GROVE RD
		CITY:			THOROFARE
		STATE:			NJ
		ZIP:			08086
		BUSINESS PHONE:		856-848-8698

	MAIL ADDRESS:	
		STREET 1:		201 GROVE RD
		CITY:			THOROFARE
		STATE:			NJ
		ZIP:			08086
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v392328_8k.htm
<DESCRIPTION>8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of Report (Date of earliest event reported):
<B>October 24, 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font-size: 10pt; text-align: center"><B>AKERS BIOSCIENCES, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><BR>
<BR>
</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; border-bottom: black 1.5pt solid; text-align: center"><B>New Jersey</B></TD>
    <TD STYLE="width: 5%; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1.5pt solid; text-align: center"><B>333-190456</B></TD>
    <TD STYLE="width: 5%; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1.5pt solid; text-align: center"><B>22-2983783</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of incorporation)</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 29%">&nbsp;</TD>
    <TD STYLE="width: 42%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><BR>
        201 Grove Road</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Thorofare, NJ 08086</B></P></TD>
    <TD STYLE="width: 29%; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #222222">(<B>856) 848-2116</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code<BR>
&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 1.01 Entry Into a Material Definitive
Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 24, 2014, Akers Biosciences,
Inc. (&ldquo;Akers&rdquo; or the &ldquo;Company&rdquo;) entered into a Joint Venture Agreement (the &ldquo;Joint Venture Agreement&rdquo;)
by and among the Company, Hainan Savy Investment Management Ltd. (&ldquo;Hainan&rdquo;) and Mr. Thomas Knox, the Company&rsquo;s
Non-Executive Co-Chairman (&ldquo;Mr. Knox&rdquo;, together with the Company and Hainan collectively the &ldquo;Parties&rdquo;),
to research, develop, produce and sell certain Akers&rsquo; rapid diagnostic screening and testing products in China (the &ldquo;Joint
Venture&rdquo;). The Joint Venture will be located in Haikou, the capital city of Hainan, China, and will be incorporated as Hainan
Savy Akers Biosciences, Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Joint Venture Agreement provides
that the Joint Venture will market and sell certain Akers products, with a special emphasis on diabetes, cardiac, and
infectious diseases rapid diagnostic screening and testing products. Pursuant to the Joint Venture Agreement the initial
capital contribution required of the Parties for the Joint Venture is RMB 2,000,000 or US$326,877.52 (the &ldquo;Registered
Capital&rdquo;), to be remitted no later then November 25, 2014. Hainan will contribute 56%, Akers will
contribute 19.9% and Mr. Knox will contribute the remaining 24.1% of the Registered Capital. All of the Parties&rsquo;
respective contributions of Registered Capital must be paid by November 25, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Joint Venture Agreement also creates
a Board of Directors for the Joint Venture consisting of three representatives of Hainan as well as Raymond F. Akers Jr., Ph.D,
and Mr. Knox.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c) Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 10%; text-align: center"><B>Exhibit No.</B></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 89%"><B>Description</B></TD></TR>
<TR>
    <TD>10.1*</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Joint Venture Agreement, dated October
        24, 2014, by and between Akers Biosciences, Inc., Hainan Savy Investment Management Ltd, and Thomas Knox.</P></TD></TR>
<TR>
    <TD>99.1*</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Press Release</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*<I>filed herewith</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>AKERS BIOSCIENCES, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-decoration: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-decoration: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">Date: October 29, 2014</TD>
    <TD STYLE="width: 9%">By:</TD>
    <TD STYLE="width: 43%; text-decoration: underline"><I><U>/s/ Raymond F., Akers Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Raymond F., Akers Jr.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Executive Chairman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v392328_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#21512;&#36164;&#20844;&#21496;&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Joint Venture Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&#30002;&#26041;&#65306;&#28023;&#21335;&#36187;&#32500;&#25237;&#36164;&#31649;&#29702;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>Party A: Hainan
Savy Investment Management Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20057;&#26041;&#65306;</B></FONT><B>Akers
Biosciences, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>Party B: Akers
Biosciences, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19993;&#26041;&#65306;</B></FONT><B>Thomas
Knox</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>Party C: Thomas
Knox</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">&#26412;&#21327;&#35758;&#30001;&#30002;&#20057;&#19993;&#19977;&#26041;&#20110;<U>
2014 </U>&#24180;_<U>10</U>_&#26376;_<U>24</U>_&#26085;&#22312;&#20013;&#22269;&#28023;&#21475;&#24066;&#31614;&#35746;&#12290;&#30002;&#26041;&#20026;&#26681;&#25454;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#21512;&#27861;&#25104;&#31435;&#30340;&#20013;&#22269;&#20844;&#21496;&#65292;&#20057;&#26041;&#20026;&#26681;&#25454;&#32654;&#22269;&#27861;&#24459;&#21512;&#27861;&#25104;&#31435;&#30340;&#32654;&#22269;&#20844;&#21496;&#65292;&#19993;&#26041;&#20026;&#20855;&#26377;&#23436;&#20840;&#27665;&#20107;&#34892;&#20026;&#33021;&#21147;&#30340;&#33258;&#28982;&#20154;&#12290;&#22522;&#20110;&#24179;&#31561;&#20114;&#21033;&#30340;&#21512;&#20316;&#21407;&#21017;&#65292;&#21508;&#26041;&#21516;&#24847;&#22312;&#20013;&#22269;&#28023;&#21475;&#24066;&#25104;&#31435;&#21512;&#36164;&#20225;&#19994;<U>&#28023;&#21335;&#36187;&#32500;&#22467;&#20811;&#26031;&#29983;&#29289;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</U>&#65292;&#20197;&#30740;&#21457;&#12289;&#29983;&#20135;&#21644;&#38144;&#21806;&#20057;&#26041;&#30340;&#30456;&#20851;&#20135;&#21697;&#12290;&#20026;&#27492;&#65292;&#29305;&#31435;&#32422;&#22914;&#19979;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">This
Agreement (the &ldquo;agreement&rdquo;) is executed on <U>October 24th 2014 </U>by and among Party A <FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;</FONT>Party
B and Party C in Haikou City, China. Party A is a corporation duly organized and validly existing under the laws of People&rsquo;s
Republic of China. Party B is a corporation duly organized and validly existing under the laws of the United States. Party C is
a natural person with full capacity for civil conduct. On the bases of equality and mutual benefit, the parties agree to set up
a Joint Venture named Hainan Savy-Akers Biosciences, Inc. in Haikou City, China, in purpose of researching, developing, producing
and selling relative products of Party B.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">THEREFORE,
Party A, Party B and party C agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#12288;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;<B>&#12288;&#31532;&#19968;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#23450;&#20041;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Definitions</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#22312;&#26412;&#21327;&#35758;&#20013;&#65292;&#38500;&#38750;&#25991;&#20013;&#21478;&#26377;&#26126;&#30830;&#35268;&#23450;&#65292;&#19979;&#21015;&#30701;&#35821;&#20855;&#26377;&#20197;&#19979;&#24847;&#24605;&#65306;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1.&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#31995;&#25351;&#26681;&#25454;&#26412;&#21327;&#35758;&#24314;&#31435;&#30340;&#20844;&#21496;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2.&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20135;&#21697;&#25110;&#35768;&#21487;&#20135;&#21697;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#31995;&#25351;&#24555;&#36895;&#35786;&#26029;&#21644;&#31579;&#26597;&#20135;&#21697;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>In this Agreement, the following terms have the
following meanings unless the context clearly dictates otherwise.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1.&ldquo;Joint Venture&rdquo; means the corporation
to be organized pursuant to the provisions of Article 2 hereto.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2.&ldquo;Products or Licensed Product&rdquo; means
rapid diagnostic screening and testing products.<BR>
<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;<B>&#12288;&#31532;&#20108;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24314;&#31435;&#21512;&#36164;&#20844;&#21496;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Formation of Joint Venture</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#12289;&#20057;&#26041;&#12289;&#19993;&#26041;&#25353;&#29031;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#30340;&#27861;&#24459;&#24314;&#31435;&#21512;&#36164;&#20844;&#21496;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#31216;&#20026;<U>&#28023;&#21335;&#36187;&#32500;&#22467;&#20811;&#26031;&#29983;&#29289;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</U>&#65292;&#22320;&#22336;&#20026;</FONT>________<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#30340;&#19968;&#20999;&#27963;&#21160;&#65292;&#24517;&#39035;&#36981;&#23432;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#30340;&#27861;&#24459;</FONT>.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27861;&#20196;&#21644;&#26377;&#20851;&#26465;&#20363;&#35268;&#23450;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#30340;&#32452;&#32455;&#24418;&#24335;&#20026;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#12290;&#21512;&#36164;&#21508;&#26041;&#20197;&#21508;&#33258;&#35748;&#32564;&#30340;&#20986;&#36164;&#39069;&#23545;&#21512;&#36164;&#20844;&#21496;&#30340;&#20538;&#21153;&#25215;&#25285;&#36131;&#20219;&#12290;&#21508;&#26041;&#25353;&#20854;&#20986;&#36164;&#39069;&#22312;&#27880;&#20876;&#36164;&#26412;&#20013;&#30340;&#27604;&#20363;&#20998;&#20139;&#21033;&#28070;&#21644;&#20998;&#25285;&#39118;&#38505;&#21450;&#20111;&#25439;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#30340;&#32452;&#24314;&#36153;&#29992;&#65288;&#25351;&#29983;&#20135;&#22330;&#22320;&#31199;&#36161;&#12289;&#21378;&#25151;&#35013;&#20462;&#12289;&#35774;&#26045;&#35774;&#22791;&#36141;&#32622;&#20197;&#21450;&#21150;&#20844;&#22522;&#26412;&#37197;&#32622;&#31561;&#65289;&#30001;&#21512;&#36164;&#20844;&#21496;&#25215;&#25285;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. Party A, Party B and Party C shall spare no
efforts for the organization of Joint Venture under the laws of the People's Republic of China.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. The name of Joint Venture is<FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white">
</FONT><U>Hainan Savy-Akers&nbsp;Biosciences&nbsp;Ltd. </U>with its legal address:_______.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. All activities of Joint Venture shall comply
with the provisions of the laws, decrees and pertinent regulations of the People's Republic of China.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>4. Joint Venture shall take the form of a limited
liability company. The profits, risks and losses of Joint Venture shall be shared by Party A , Party B and Party C in proportion
to the contributions to the registered capital.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>5. The expenses of organizing Joint Venture shall
be equally undertaken by Party A, Party B and Party C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;<B>&#12288;&#31532;&#19977;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#29983;&#20135;&#32463;&#33829;&#30340;&#30446;&#30340;&#12289;&#33539;&#22260;&#21644;&#35268;&#27169;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purpose, Scope and Size of
Business</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21512;&#36164;&#32463;&#33829;&#30340;&#30446;&#30340;&#26159;&#65306;&#26412;&#30528;&#21152;&#24378;&#32463;&#27982;&#21512;&#20316;&#21644;&#25193;&#22823;&#25216;&#26415;&#20132;&#27969;&#30340;&#24895;&#26395;&#65292;&#26377;&#25928;&#21457;&#25381;&#25216;&#26415;&#21644;&#31649;&#29702;&#20248;&#21183;&#65292;&#24320;&#21457;&#26032;&#20135;&#21697;&#65292;&#25552;&#39640;&#20135;&#21697;&#36136;&#37327;&#65292;&#25552;&#39640;&#24066;&#22330;&#31454;&#20105;&#33021;&#21147;&#65292;&#21019;&#36896;&#33391;&#22909;&#30340;&#32463;&#27982;&#25928;&#30410;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">2.
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#29983;&#20135;&#21644;&#38144;&#21806;&#24555;&#36895;&#35786;&#26029;&#21644;&#31579;&#26597;&#20135;&#21697;&#12290;&#21512;&#36164;&#20844;&#21496;&#23558;&#21162;&#21147;&#25913;&#36827;&#20135;&#21697;&#65292;&#25552;&#39640;&#31649;&#29702;&#27700;&#24179;&#65292;&#25299;&#23637;&#20135;&#21697;&#24066;&#22330;&#65292;&#25193;&#22823;&#29983;&#20135;&#35268;&#27169;&#65292;&#28385;&#36275;&#20013;&#22269;&#24066;&#22330;&#38656;&#27714;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">3.
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#21162;&#21147;&#30740;&#21457;&#26032;&#30340;&#35768;&#21487;&#20135;&#21697;&#65292;&#20248;&#21270;&#20135;&#21697;&#32467;&#26500;&#65292;&#22312;&#20013;&#22269;&#24418;&#25104;&#20135;&#21697;&#20248;&#21183;&#65292;&#28385;&#36275;&#20013;&#22269;&#21644;&#22269;&#38469;&#24066;&#22330;&#30340;&#21457;&#23637;&#38656;&#35201;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">1.
In line with the aspiration of enhancing economic cooperation and expanding technical exchange, the purpose of Joint Venture is
to use state-of-the-art and appropriate technology and equipment with efficient management systems, to develop new product, improve
product quality and market competitiveness, creating good&nbsp;economic&nbsp;benefits.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. Joint Venture is to produce and sell rapid diagnostic
screening and testing products. Joint Venture shall do its best to improve Product and management, expanding market and production,
to meet the Chinese market demand.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. Joint Venture shall make every effort to develop
new varieties of Licensed Product, optimize&nbsp;product&nbsp;structure, and form product superiority in China, in order to meet
market development demand both in China and the world.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#22235;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36164;&#26412;&#32467;&#26500;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Structure</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#30340;&#27880;&#20876;&#36164;&#26412;&#20026;&#20154;&#27665;&#24065;</FONT>5000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#65292;&#20854;&#20013;&#30002;&#26041;&#20986;&#36164;</FONT>56%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#20057;&#26041;&#20986;&#36164;</FONT>19.9%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19993;&#26041;&#20986;&#36164;</FONT>24.1%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#21508;&#26041;&#39318;&#26399;&#32564;&#20184;&#20986;&#36164;&#39069;&#20026;200&#19975;&#20803;&#20154;&#27665;&#24065;&#65292;&#25353;&#32929;&#20221;&#27604;&#20363;&#20986;&#36164;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt; background-color: white">(1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30002;&#26041;&#20986;&#36164;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt; background-color: white">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#29616;&#37329;&#65306;&#20154;&#27665;&#24065;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">112</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#20803;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt; background-color: white">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;</FONT>
(2) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#20986;&#36164;</FONT><BR>
&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#29616;&#37329;&#65306;&#20154;&#27665;&#24065;39.8&#19975;&#20803;&#65307;&#65288;&#20197;&#31561;&#20540;&#22806;&#24065;&#20986;&#36164;&#65292;&#25353;&#32564;&#27454;&#24403;&#26085;&#20013;&#22269;&#20154;&#27665;&#38134;&#34892;&#20844;&#24067;&#30340;&#22522;&#20934;&#27719;&#29575;&#25240;&#31639;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;
(3) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#20986;&#36164;</FONT><BR> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&nbsp;&nbsp;&#12288;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#29616;&#37329;&#65306;&#20154;&#27665;&#24065;48.2&#19975;&#20803;&#65307;&#65288;&#20197;&#31561;&#20540;&#22806;&#24065;&#20986;&#36164;&#65292;&#25353;&#32564;&#27454;&#24403;&#26085;&#20013;&#22269;&#20154;&#27665;&#38134;&#34892;&#20844;&#24067;&#30340;&#22522;&#20934;&#27719;&#29575;&#25240;&#31639;&#65289;</FONT><BR> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&nbsp;&nbsp;</FONT>3. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#21508;&#26041;&#24212;&#22312;</FONT>2014<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>11<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>25<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#21069;&#20132;&#20184;&#20854;&#20986;&#36164;&#12290;&#22914;&#24310;&#36831;&#20132;&#20184;&#20986;&#36164;&#24212;&#20132;&#32435;&#21033;&#24687;&#25110;&#36180;&#20607;&#22240;&#27492;&#32780;&#36896;&#25104;&#30340;&#25439;&#22833;&#12290;</FONT><BR> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT>4. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#21508;&#26041;&#20013;&#20219;&#20309;&#19968;&#26041;&#36716;&#35753;&#20854;&#20986;&#36164;&#39069;&#65292;&#39035;&#32463;&#21478;&#22806;&#20004;&#26041;&#21516;&#24847;&#21644;&#20013;&#22269;&#25919;&#24220;&#25209;&#20934;&#65292;&#21478;&#22806;&#20004;&#26041;&#20139;&#26377;&#20248;&#20808;&#36141;&#20080;&#26435;&#12290;</FONT><BR> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&nbsp;&nbsp;</FONT>1.
The registered capital of Joint Venture shall be RMB 50 million. Party A shall contribute 56% of the registered
capital, Party B shall contribute 19.9% and Party C shall contribute 24.1%.<BR> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&nbsp;&nbsp;</FONT>2.
The initial contribution of the registration capital is totally RMB 2 million. Party A, Party B and Party C shall
contribute the capital according to the investment proportion.<BR> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&nbsp;</FONT>A)&nbsp;&nbsp;&nbsp;&nbsp;Party
A's contributions include<BR> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash: RMB 1.12 million<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B)
&nbsp;&nbsp;&nbsp;Party A's contributions include<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash: RMB 0.398 million<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65307;</FONT>(Contributed
in equivalent of foreign currency, with the benchmark exchange rate published by the People's Bank of China on the date of such
conversion.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C)
&nbsp;&nbsp;&nbsp;Party C's contributions include<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash: RMB 0.482 million<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65307;</FONT>(Contributed
in equivalent of foreign currency, with the benchmark exchange rate published by the People's Bank of China on the date of such
conversion.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. Each Party of Joint Venture shall pay in its
contributions before November 25<SUP>th</SUP>, 2014. Any delay in payment will be subject to a payment of interest or a compensation
for the loss occurred therein.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>4. The transfer of one Party's share in the registered
capital shall be effective with the prior consent of the other Parties and approval of Chinese government and the latter shall
enjoy priority to purchase it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#20116;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#21508;&#26041;&#22312;&#21512;&#20316;&#20013;&#30340;&#20855;&#20307;&#36131;&#20219;</FONT>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><B>Article
5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Responsibility and obligation of each party</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt">1.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#36131;&#20219;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21150;&#29702;&#30003;&#35831;&#35774;&#31435;&#21512;&#36164;&#20844;&#21496;&#12289;&#30331;&#35760;&#27880;&#20876;&#31561;&#20107;&#23452;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21150;&#29702;&#30003;&#35831;&#22303;&#22320;&#20351;&#29992;&#26435;&#25110;&#31199;&#29992;&#21378;&#25151;&#21450;&#24314;&#31569;&#35774;&#26045;&#30340;&#25163;&#32493;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#21378;&#25151;&#21644;&#20854;&#20182;&#24037;&#31243;&#35774;&#26045;&#30340;&#35774;&#35745;&#26045;&#24037;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25353;&#31532;&#22235;&#31456;&#35268;&#23450;&#35748;&#32564;&#20986;&#36164;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21150;&#29702;&#21512;&#36164;&#20844;&#21496;&#29983;&#20135;&#35774;&#22791;&#30340;&#36827;&#21475;&#25253;&#20851;&#25163;&#32493;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#22312;&#22269;&#20869;&#22806;&#36141;&#32622;&#25110;&#31199;&#36161;&#35774;&#22791;&#12289;&#26448;&#26009;&#12289;&#21150;&#20844;&#29992;&#20855;&#12289;&#20132;&#36890;&#24037;&#20855;&#12289;&#36890;&#35759;&#35774;&#26045;&#31561;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#33853;&#23454;&#27700;&#12289;&#30005;&#12289;&#20132;&#36890;&#31561;&#29983;&#20135;&#32463;&#33829;&#26465;&#20214;</FONT>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#25307;&#32856;&#32463;&#33829;&#31649;&#29702;&#20154;&#21592;&#12289;&#25216;&#26415;&#20154;&#21592;&#12289;&#24037;&#20154;&#21644;&#25152;&#38656;&#30340;&#20854;&#20182;&#20154;&#21592;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#21150;&#29702;&#26377;&#20851;&#26242;&#20303;&#35777;&#12289;&#20837;&#22659;&#31614;&#35777;&#12289;&#24037;&#20316;&#35768;&#21487;&#35777;&#31561;&#25163;&#32493;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#22312;&#20013;&#22269;&#30340;&#39135;&#21697;&#33647;&#21697;&#30417;&#30563;&#31649;&#29702;&#37096;&#38376;&#27880;&#20876;&#30003;&#25253;&#20135;&#21697;&#20107;&#23452;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>11<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36127;&#36131;&#21150;&#29702;&#21512;&#36164;&#20844;&#21496;&#22996;&#25176;&#30340;&#20854;&#20182;&#20107;&#23452;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">1.
Responsibility and obligation of Party A:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">A)
Pay in contribution according to the provision of Article 4;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">A)
Incorporation of Joint Venture in China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">B)
Handling with land use permission or renting factory or building facilities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">C)
Assist with Joint Venture in design and construction of factory or other project;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">D)
Pay in contribution according to the provision of Article 4;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">E)
Assist with Joint Venture in the import entry of production equipments;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">F)
Assist with Joint Venture in the purchasing or renting equipments, materials, office appliance, transportation<FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: #F2F2F2">&nbsp;</FONT>vehicle,
communication facilities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">G)
Assist with Joint Venture in making condition for production and operation, such as water, electricity, transportation etc.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">H)
Assist with Joint Venture in recruiting management staff, technicians, workers and other staff required;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">I)
Assist with Joint Venture in applying the related residence permit, visa, work permit etc;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">J)
Assist with Joint Venture in applying and registration of product in State Food and Drug Administration (SFDA) in China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.55pt; background-color: white">K)
Other matters entrusted by Joint Venture</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">2.
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#36131;&#20219;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25353;&#31532;&#22235;&#31456;&#35268;&#23450;&#35748;&#32564;&#20986;&#36164;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#22312;&#22269;&#38469;&#24066;&#22330;&#36873;&#36141;&#26426;&#26800;&#35774;&#22791;&#12289;&#26448;&#26009;&#31561;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#35774;&#22791;&#23433;&#35013;&#12289;&#35843;&#35797;&#20197;&#21450;&#25552;&#20379;&#35797;&#29983;&#20135;&#25152;&#38656;&#30340;&#25216;&#26415;&#20154;&#21592;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#22521;&#35757;&#21512;&#36164;&#20844;&#21496;&#30340;&#25216;&#26415;&#20154;&#21592;&#21644;&#24037;&#20154;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36127;&#36131;&#25552;&#20379;&#22312;&#20013;&#22269;&#27880;&#20876;&#20135;&#21697;&#35201;&#27714;&#30340;&#30456;&#20851;&#25216;&#26415;&#36164;&#26009;&#65288;&#32654;&#22269;</FONT>FDA<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20135;&#21697;&#27880;&#20876;&#30003;&#25253;&#36164;&#26009;</FONT>,<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#37197;&#26041;&#12289;&#24037;&#33402;&#31561;&#65289;&#65292;&#24182;&#25552;&#20379;&#30456;&#20851;&#20135;&#21697;&#30003;&#25253;&#27880;&#20876;&#30340;&#25216;&#26415;&#25903;&#25345;&#65292;&#30830;&#20445;&#22312;&#20013;&#22269;&#26412;&#22320;&#21270;&#29983;&#20135;&#30340;&#23454;&#29616;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#30740;&#21457;&#26032;&#20135;&#21697;&#65292;&#24182;&#21450;&#26102;&#20026;&#21512;&#36164;&#20844;&#21496;&#25552;&#20379;&#26412;&#20844;&#21496;&#26032;&#20135;&#21697;&#25216;&#26415;&#36164;&#26009;&#21644;&#23545;&#21475;&#25903;&#25345;&#65292;&#21152;&#24555;&#26412;&#20844;&#21496;&#20135;&#21697;&#22312;&#20013;&#22269;&#26412;&#22320;&#21270;&#29983;&#20135;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white">(7)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20057;&#26041;&#36873;&#25321;&#20135;&#21697;&#25110;&#21407;&#26448;&#26009;&#20379;&#24212;&#21830;&#26102;&#65292;&#22312;&#21516;&#31561;&#26465;&#20214;&#19979;&#24212;&#20248;&#20808;&#36873;&#25321;&#20294;&#19981;&#20445;&#35777;&#21512;&#36164;&#20225;&#19994;&#20316;&#20026;&#20854;&#30456;&#20851;&#20135;&#21697;&#25110;&#21407;&#26448;&#26009;&#30340;&#20379;&#24212;&#21830;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">2.
Responsibility and obligation of Party B:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">A)
Pay in contribution according to the provision of Article 4;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">B)
Assist with Joint Venture in purchasing equipments and materials in international market;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">C)
Assist with Joint Venture in equipment installment and debugging, and provide technicians required for the trial production;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">D)
Assist with Joint Venture in training technicians and workers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">E)
Provide the requested technical information (product application and registration information in American FDA, eg. formula, technology
etc ) for the application and registration of products in SFDA in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">F)
Assist with Joint Venture in developing new products, providing technology support and accelerating the process of local production
in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">G)
Party B shall give preference, but does not guarantee, to Joint Venture, provided that Joint Venture provides best pricing, as
supplier for raw materials, components, and relative products when searching suppliers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">3.
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#36131;&#20219;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25353;&#31532;&#22235;&#31456;&#35268;&#23450;&#35748;&#32564;&#20986;&#36164;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#25299;&#23637;&#22269;&#38469;&#24066;&#22330;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt; background-color: white">3.
Responsibility and obligation of Party C:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">A)
Pay in contribution according to the provision of Article 4;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">B)
Assist with Joint Venture in marketing products in international markets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 26.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;&#31532;&#20845;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19987;&#21033;&#35768;&#21487;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patent Licensing Arrangement</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#21516;&#24847;&#21512;&#36164;&#20844;&#21496;&#21487;&#20197;&#26080;&#20607;&#20351;&#29992;&#19979;&#21015;&#29420;&#23478;&#35768;&#21487;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 26.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19987;&#21033;&#29420;&#21344;&#35768;&#21487;</FONT>&mdash;&mdash;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20013;&#22269;&#29992;&#20057;&#26041;&#19987;&#21033;&#29983;&#20135;&#12289;&#20351;&#29992;&#21644;&#38144;&#21806;&#35768;&#21487;&#20135;&#21697;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 26.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21830;&#26631;&#29420;&#21344;&#35768;&#21487;</FONT>&mdash;&mdash;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20013;&#22269;&#29992;&#20057;&#26041;&#21830;&#26631;&#38144;&#21806;&#35768;&#21487;&#20135;&#21697;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 26.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19987;&#26377;&#25216;&#26415;&#29420;&#21344;&#35768;&#21487;</FONT>&mdash;&mdash;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20013;&#22269;&#29992;&#20057;&#26041;&#19987;&#26377;&#25216;&#26415;&#29983;&#20135;&#21644;&#38144;&#21806;&#19987;&#21033;&#20135;&#21697;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 26.25pt; background-color: white">(4)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32463;&#20057;&#26041;&#21516;&#24847;&#65292;&#21512;&#36164;&#20844;&#21496;&#21487;&#22312;&#20219;&#20309;&#22269;&#23478;&#20351;&#29992;&#20057;&#26041;&#19987;&#21033;&#21644;&#21830;&#26631;&#36827;&#34892;&#20135;&#21697;&#38144;&#21806;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 26.25pt; background-color: white">(5)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#19987;&#21033;&#21015;&#26126;&#20110;&#38468;&#20214;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 26.25pt; background-color: white">(6)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#21644;&#20057;&#26041;&#23558;&#20840;&#21147;&#21512;&#20316;&#22312;&#20122;&#27954;&#22320;&#21306;&#20026;&#21512;&#36164;&#20844;&#21496;&#30003;&#35831;&#19987;&#21033;&#12290;&#21512;&#36164;&#20844;&#21496;&#30003;&#35831;&#30340;&#25152;&#26377;&#26032;&#19987;&#21033;&#30340;&#25152;&#26377;&#26435;&#24402;&#21512;&#36164;&#20844;&#21496;&#25152;&#26377;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. Party B agrees to grant Joint Venture the following
exclusive licenses:<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>A) An exclusive license in China to manufacture,
use and sell Licensed Product under Party B's Patents.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>B) An exclusive license in China to use Trademark
in marketing Licensed Product.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>C) An exclusive license in China to practice Party
B's know-how for manufacturing and marketing Licensed Product.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.75pt; background-color: white">D)
An exclusive license in any agreed countries to sell licensed products under Party B&rsquo;s patents and to use trademark in marketing
licensed products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.75pt; background-color: white">E
) Party B&rsquo;s patents for license under this agreement are listed in schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.75pt; background-color: white">F)
Party A and Party B shall collaborate to file patents for the Joint Venture in Asia. All new patents filed by the Joint Venture
shall be owned by the Joint Venture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.3pt; background-color: white">2.&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20026;&#25552;&#39640;&#21512;&#36164;&#20844;&#21496;&#30340;&#25216;&#26415;&#31454;&#20105;&#21147;&#20197;&#37197;&#21512;&#20013;&#22269;&#24066;&#22330;&#24320;&#25299;&#38656;&#35201;&#65292;&#20057;&#26041;&#21516;&#24847;&#22312;&#26410;&#26469;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#20869;&#26080;&#20607;&#21521;&#21512;&#36164;&#20844;&#21496;&#25480;&#20104;&#25110;&#36716;&#35753;&#25216;&#26415;&#19987;&#21033;&#65288;&#38480;&#20013;&#22269;&#65289;&#65292;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#36880;&#27493;&#25317;&#26377;&#22269;&#23478;&#21457;&#26126;&#19987;&#21033;&#21644;&#23454;&#29992;&#26032;&#22411;&#19987;&#21033;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white">2.
To enhance the technological competitiveness of Joint Venture for Chinese market development purpose, Party B acknowledge to grant
and transfer Know-how and patent to Joint Venture (China only) for free in next 5 years and assist Joint Venture to gradually obtain
national patents for invention and utility model patents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;<B>&#12288;&#31532;&#19971;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20135;&#21697;&#38144;&#21806;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing Arrangements</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#22312;&#20013;&#22269;&#24066;&#22330;&#38144;&#21806;&#35768;&#21487;&#20135;&#21697;&#65292;&#20057;&#26041;&#21644;&#19993;&#26041;&#21327;&#21161;&#21512;&#36164;&#20844;&#21496;&#22312;&#20013;&#22269;&#20043;&#22806;&#24066;&#22330;&#38144;&#21806;&#35768;&#21487;&#20135;&#21697;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#25152;&#38656;&#36141;&#20080;&#30340;&#21407;&#26448;&#26009;&#12289;&#21322;&#25104;&#21697;&#12289;&#29123;&#26009;&#21644;&#37197;&#22871;&#20214;&#31561;&#65292;&#22312;&#26465;&#20214;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30456;&#21516;&#30340;&#24773;&#20917;&#19979;&#65292;&#24212;&#39318;&#20808;&#22312;&#20013;&#22269;&#36141;&#20080;&#12290;&#24403;&#28982;&#65292;&#20063;&#21487;&#20351;&#29992;&#33258;&#24049;&#30340;&#22806;&#27719;&#30452;&#25509;&#20174;&#19990;&#30028;&#24066;&#22330;&#36141;&#36827;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><BR></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1.
Party A shall assist Joint Venture in the sales of products in Chinese market; Party B and Party C shall assist Joint Venture in
the sales of products in overseas market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white">2.
In purchase of the required raw materials and semi-processed products, fuels, auxiliary equipment etc., Joint Venture shall give
first priority to Chinese sources where conditions are the same, but may also purchase them directly from the international market
with its own foreign exchange funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;<B>&#12288;&#31532;&#20843;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#33891;&#20107;&#20250;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Board of Directors</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#33891;&#20107;&#20250;&#26159;&#21512;&#36164;&#20844;&#21496;&#30340;&#26368;&#39640;&#39046;&#23548;&#26426;&#26500;&#65292;&#36127;&#36131;&#21512;&#36164;&#20844;&#21496;&#30340;&#20027;&#35201;&#20107;&#23452;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#33891;&#20107;&#20250;&#30001;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21517;&#33891;&#20107;&#32452;&#25104;&#65292;&#30002;&#26041;&#21344;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21517;&#65292;&#20057;&#26041;&#21644;&#19993;&#26041;&#21508;&#21344;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21517;&#65292;&#39318;&#23626;&#33891;&#20107;&#20250;&#25104;&#21592;&#22914;&#19979;&#65306;&#39532;&#20426;&#23425;&#12289;&#25991;&#23567;&#20961;&#12289;&#39532;&#28023;&#29141;&#12289;</FONT>Thomas
Knox<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12289;</FONT> Raymond Akers<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#20854;&#20013;&#33891;&#20107;&#38271;&#30001;&#30002;&#26041;&#25351;&#23450;&#65292;&#21103;&#33891;&#20107;&#38271;&#30001;&#19993;&#26041;&#25351;&#23450;&#12290;&#33891;&#20107;&#30340;&#20219;&#26399;&#20026;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#65292;&#20219;&#26399;&#23626;&#28385;&#21487;&#20197;&#24310;&#38271;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#33891;&#20107;&#20250;&#27599;&#24180;&#21484;&#24320;&#20004;&#27425;&#65292;&#21407;&#21017;&#19978;&#22312;&#21512;&#36164;&#20844;&#21496;&#30340;&#27861;&#23450;&#22320;&#22336;&#20030;&#34892;&#12290;&#20986;&#24109;&#20250;&#35758;&#30340;&#27861;&#23450;&#20154;&#25968;&#19981;&#24471;&#23569;&#20110;&#33891;&#20107;&#20154;&#25968;&#30340;</FONT>2/3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#33509;&#33891;&#20107;&#19981;&#33021;&#20986;&#24109;&#20250;&#35758;&#65292;&#24212;&#25480;&#26435;&#20195;&#34920;&#20986;&#24109;&#20250;&#35758;&#65292;&#20195;&#34920;&#20182;&#25237;&#31080;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33509;&#22312;&#20219;&#26399;&#20869;&#65292;&#22240;&#27515;&#20129;</FONT>.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36864;&#20241;&#25110;&#22240;&#20854;&#20182;&#21407;&#22240;&#65292;&#33891;&#20107;&#22312;&#20219;&#26399;&#23626;&#28385;&#21069;&#19981;&#33021;&#23653;&#34892;&#32844;&#36131;&#32773;&#65292;&#21452;&#26041;&#21516;&#24847;&#20805;&#20998;&#21512;&#20316;&#65292;&#24182;&#30001;&#22240;&#20854;&#25351;&#23450;&#30340;&#33891;&#20107;&#27515;&#20129;</FONT>.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36864;&#20241;&#25110;&#20854;&#20182;&#21407;&#22240;&#36896;&#25104;&#31354;&#20301;&#30340;&#19968;&#26041;&#32473;&#20104;&#26356;&#25442;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>4. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#23545;&#20110;&#19979;&#21015;&#38382;&#39064;&#65292;&#24517;&#39035;&#32463;&#20986;&#24109;&#20250;&#35758;&#30340;&#33891;&#20107;&#19968;&#33268;&#36890;&#36807;&#65292;&#26041;&#21487;&#20316;&#20986;&#20915;&#23450;&#65306;</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20462;&#25913;&#21512;&#36164;&#20844;&#21496;&#31456;&#31243;&#65307;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32456;&#27490;&#21644;&#35299;&#25955;&#21512;&#36164;&#20844;&#21496;&#65307;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22686;&#21152;&#25110;&#36716;&#35753;&#21512;&#36164;&#20844;&#21496;&#30340;&#27880;&#20876;&#36164;&#26412;&#65307;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#65288;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21512;&#36164;&#20844;&#21496;&#19982;&#20854;&#20182;&#32463;&#27982;&#32452;&#32455;&#21512;&#24182;</FONT>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 26.25pt; background-color: white">(5)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36716;&#35753;&#25345;&#26377;&#30340;&#21512;&#36164;&#20844;&#21496;&#26435;&#30410;&#32473;&#31532;&#19977;&#26041;</FONT>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 26.25pt; background-color: white">(6)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30740;&#21457;&#36153;&#29992;&#36229;&#36807;&#20154;&#27665;&#24065;</FONT>65000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#30340;&#26032;&#20135;&#21697;&#24320;&#21457;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#20854;&#20182;&#38382;&#39064;&#30340;&#20915;&#23450;&#65292;&#20197;&#20986;&#24109;&#20250;&#35758;&#33891;&#20107;&#20154;&#25968;&#30340;&#24494;&#24369;&#22810;&#25968;&#31080;&#20316;&#20986;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. The Board of Directors is the top leadership
of Joint Venture. It is responsible for all major issues concerning Joint Venture.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. The Board of Directors shall be consisted of
5 directors, of whom 3 including the chairman shall be appointed by party A, one shall be appointed by Party B and the deputy chairman
shall be appointed by Party C. The first term of board members shall be consisted by Marco Ma, Wendy Wen, Hellen Ma, Thomas Knox,
and Raymond Akers. The office term for the directors is 3 years, which may be renewed in the expiration of office terms.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. Board meetings shall generally be held at the
location of Joint Venture's legal address, twice each year. A quorum for a meeting shall consist of not fewer than two thirds (2/3)
of the directors. Should any director be unable to attend the meeting, he shall authorize a representative to be present at the
meeting and vote for him.<BR>
In case a director dies, resigns, or is otherwise unable to fulfill his duties prior to the fulfillment of his term, the Parties
agree to cooperate fully to have as his replacement a director nominated by the Party, or his/her nominee, that nominated the director
whose death, resignation or other conditions created the vacancy.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>4. Decisions on the following items shall be made
only when unanimously agreed upon by the directors present at the Board meeting.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>(1) Amendment to the articles of incorporation
of Joint Venture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 26.25pt; background-color: white">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 26.25pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>(2)
Termination and dissolution of Joint Venture.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>(3) Increase or assignment of the registered capital
of Joint Venture.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>(4) Merger of Joint Venture with another economic
organization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white">(5)
Issuance of ownership interest in Joint Venture to third parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white">(6)
New product development whose research expenses exceed RMB 65000 .<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>Decisions on other items shall be made by a simple
majority vote of the directors present at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;&#31532;&#20061;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#31649;&#29702;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#35774;&#32463;&#33829;&#31649;&#29702;&#26426;&#26500;&#65292;&#36127;&#36131;&#20225;&#19994;&#30340;&#26085;&#24120;&#32463;&#33829;&#31649;&#29702;&#24037;&#20316;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#32463;&#33829;&#31649;&#29702;&#26426;&#26500;&#35774;&#24635;&#32463;&#29702;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20154;&#65292;&#21103;&#24635;&#32463;&#29702;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20154;&#12290;&#24635;&#32463;&#29702;&#30001;&#33891;&#20107;&#20250;&#32856;&#35831;&#65292;&#36127;&#36131;&#25191;&#34892;&#33891;&#20107;&#20250;&#30340;&#20915;&#35758;&#21644;&#26085;&#24120;&#31649;&#29702;&#24037;&#20316;&#12290;&#21103;&#24635;&#32463;&#29702;&#21327;&#21161;&#24635;&#32463;&#29702;&#24037;&#20316;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white">3.
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31649;&#29702;&#26426;&#26500;&#35774;&#33509;&#24178;&#37096;&#38376;&#65292;&#22312;&#24635;&#32463;&#29702;&#30340;&#39046;&#23548;&#19979;&#65292;&#36127;&#36131;&#30456;&#24212;&#30340;&#37096;&#38376;&#24037;&#20316;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. Joint Venture shall establish a management office
which shall be responsible for daily management of Joint Venture.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. The management office shall have a general manager
and three deputy general managers. The general manager shall be hired by the board and is responsible for the implementation of
the decisions of the Board and daily operation. The deputy managers shall assist the general manager in his duties.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. The management office may have its subdivisions,
the duties of which are to manage different business departments under the leadership of the general manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;<B>&#31532;&#21313;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21171;&#21160;&#31649;&#29702;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Labor management</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#30340;&#20013;&#26041;&#19987;&#23478;</FONT>.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25216;&#26415;&#20154;&#21592;&#12289;&#24037;&#20154;&#21644;&#20854;&#20182;&#20154;&#21592;&#30001;&#30002;&#26041;&#25307;&#32856;&#65307;&#21512;&#36164;&#20844;&#21496;&#30340;&#22806;&#26041;&#19987;&#23478;&#30001;&#20057;&#26041;&#25307;&#32856;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#30340;&#19987;&#23478;</FONT>.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32844;&#21592;&#25110;&#24037;&#20154;&#30340;&#38599;&#29992;&#12289;&#36766;&#36864;&#12289;&#24037;&#36164;&#12289;&#21171;&#21160;&#20445;&#38505;&#12289;&#29983;&#27963;&#31119;&#21033;&#21644;&#22870;&#24809;&#31561;&#39033;&#65292;&#30001;&#33891;&#20107;&#20250;&#25353;&#29031;&#12298;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#20013;&#22806;&#21512;&#36164;&#32463;&#33829;&#20225;&#19994;&#27861;&#23454;&#26045;&#26465;&#20363;&#12299;&#20915;&#23450;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. Party A agrees to help Joint Venture to invite
and recruit Chinese experts, technicians, workers and other personnel and Party B agrees to help Joint Venture to invite and recruit
foreign experts.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. The employment and dismissal, wages, insurance,
welfare, bonuses, and fines of its experts, staff members and workers shall be decided by the Board of Directors according to &ldquo;Regulations
for the Implementation of the Law of the People's Republic of China on Chinese Foreign Joint Venture&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;&#26465;&#21313;&#19968;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#21153;&#19982;&#20250;&#35745;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Affairs and Accounting</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21327;&#35758;&#21508;&#26041;&#20805;&#20998;&#35748;&#35782;&#21040;&#65292;&#22522;&#20110;&#21512;&#36164;&#21508;&#26041;&#21644;&#21512;&#36164;&#20844;&#21496;&#30340;&#26368;&#22823;&#21033;&#30410;&#65292;&#24517;&#39035;&#23613;&#19968;&#20999;&#21487;&#33021;&#25193;&#22823;&#20225;&#19994;&#35268;&#27169;&#12290;&#22240;&#27492;&#65292;&#23545;&#21512;&#36164;&#20844;&#21496;&#27599;&#19968;&#24180;&#30340;&#21033;&#28070;&#65292;&#33891;&#20107;&#20250;&#21516;&#24847;&#30041;&#23384;&#36275;&#22815;&#30340;&#20844;&#31215;&#37329;&#29992;&#20110;&#25193;&#22823;&#20877;&#29983;&#20135;&#65292;&#20854;&#20313;&#37096;&#20998;&#29992;&#20110;&#20844;&#30410;&#37329;&#12289;&#32929;&#19996;&#20998;&#32418;&#12289;&#21592;&#24037;&#22870;&#21169;&#31561;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#38599;&#29992;&#21512;&#26684;&#30340;&#36130;&#21153;&#20154;&#21592;&#21644;&#23457;&#35745;&#21592;&#65292;&#35774;&#31435;&#20250;&#35745;&#24080;&#30446;&#65292;&#21512;&#36164;&#21508;&#26041;&#21487;&#38543;&#26102;&#26597;&#30475;&#26377;&#20851;&#24080;&#30446;&#12290;&#21512;&#36164;&#20844;&#21496;&#24212;&#22312;&#27599;&#20010;&#23395;&#24230;&#32467;&#26463;&#21518;&#30340;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#20869;&#21521;&#26412;&#21327;&#35758;&#19979;&#30340;&#21512;&#36164;&#26041;&#25552;&#20379;&#23395;&#24230;&#36130;&#21153;&#25253;&#34920;&#12290;</FONT><BR>
<BR>
</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3.
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#30340;&#36130;&#25919;&#24180;&#24230;&#33258;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#33267;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#12290;&#21512;&#36164;&#20844;&#21496;&#30340;&#20928;&#25910;&#20837;&#65292;&#22312;&#25187;&#38500;&#20648;&#22791;&#37329;</FONT>.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22870;&#37329;&#21644;&#20225;&#19994;&#21457;&#23637;&#22870;&#37329;&#20197;&#21518;&#65292;&#26681;&#25454;&#21508;&#26041;&#20986;&#36164;&#22312;&#27880;&#20876;&#36164;&#26412;&#20013;&#21344;&#30340;&#27604;&#20363;&#36827;&#34892;&#20998;&#37197;&#12290;&#32418;&#21033;&#20197;&#20154;&#27665;&#24065;&#25903;&#20184;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1.
The parties hereto acknowledge that, in the best interests of all parties and Joint Venture, all parties shall take all measures
to increase enterprise scale. Therefore, the Board of Directors agree to retain sufficient public reserved funds from annual earnings
of Joint Venture annually for use of expanding production, while the rest shall be used as public welfare fund, profit distribution
to shareholders and employee incentives etc. The annual proportion of the earnings to be retained and dividend distribution shall
be determined by the Board of Directors and shall be based on the pro rata ownership interest of the shareholders.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. Joint Venture shall employ competent treasurers
and auditors to keep all books of accounts, which are accessible at any time to each Party hereto, the Joint Venture shall provide
quarterly financial statements within 30 days from the end of each quarter.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. The fiscal year of Joint Venture shall begin
on January 1st and end on December 31st. The net profit of Joint Venture shall be distributed between the Parties to Joint Venture
in proportion to their respective ownership in the registered capital after the deduction therefrom of the reserve funds, the bonus
and the expansion funds of Joint Venture. Dividends shall be paid in RMB currency.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;<B>&#12288;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20108;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31246;&#36153;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#24212;&#25353;&#29031;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#30340;&#27861;&#24459;&#32435;&#31246;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#30340;&#32844;&#21592;&#21644;&#24037;&#20154;&#24517;&#39035;&#25353;&#29031;&#12298;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#20010;&#20154;&#25152;&#24471;&#31246;&#12299;&#32435;&#31246;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#20844;&#21496;&#36827;&#20986;&#21475;&#36135;&#29289;&#26681;&#25454;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#30340;&#27861;&#24459;&#32564;&#32435;&#25110;&#20943;&#20813;&#20851;&#31246;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. Joint Venture shall pay taxes in accordance
with the relevant laws of the People's Republic of China.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. The staff members and workers employed by Joint
Venture shall pay individual income tax according to the Individual Income Tax Law of the People's Republic of China.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>3. Joint Venture shall pay or exempt from customs
duty and industrial and commercial consolidated tax on goods imported or exported in accordance with the relevant laws of the People's
Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;<B>&#31532;&#21313;&#19977;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#26399;&#38480;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duration of Joint Venture</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#36164;&#26399;&#38480;&#24212;&#30001;&#33891;&#20107;&#20250;&#20840;&#20307;&#25104;&#21592;&#19968;&#33268;&#34920;&#20915;&#20915;&#23450;&#12290;&#21512;&#36164;&#20844;&#21496;&#30340;&#25104;&#31435;&#26085;&#26399;&#20026;&#21512;&#36164;&#20844;&#21496;&#33829;&#19994;&#25191;&#29031;&#31614;&#21457;&#20043;&#26085;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. The duration of Joint Venture shall be determined
by unanimous vote of the Board of Directors, which begins on the date when Joint Venture is issued the business license.<BR>
<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;<B>&#31532;&#21313;&#22235;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#35299;&#25955;&#19982;&#28165;&#31639;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dissolution and Liquidation</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#33891;&#20107;&#20250;&#23459;&#24067;&#35299;&#25955;&#21512;&#36164;&#20844;&#21496;&#65292;&#24517;&#39035;&#21046;&#23450;&#28165;&#31639;&#31243;&#24207;&#21644;&#21407;&#21017;&#65292;&#24182;&#25104;&#31435;&#28165;&#31639;&#22996;&#20250;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#21512;&#36164;&#20844;&#21496;&#35299;&#25955;&#21644;&#28165;&#31639;&#30340;&#19968;&#20999;&#20107;&#23452;&#22343;&#25353;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#21150;&#29702;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>Upon announcement of the dissolution of Joint Venture,
its Board of Directors shall work out procedures and principles for the liquidation and set up a liquidation committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white"><BR>
<BR>
</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.75pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>All
matters concerning the dissolution and liquidation of Joint Venture shall be dealt with in accordance with the relevant laws of
the People's Republic of China.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20116;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20210;&#35009;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arbitration</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#26377;&#20851;&#26412;&#21327;&#35758;&#30340;&#19968;&#20999;&#20998;&#27495;&#19982;&#20105;&#35758;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#33509;&#33891;&#20107;&#20250;&#19981;&#33021;&#36890;&#36807;&#21327;&#21830;&#35299;&#20915;&#65292;&#21017;&#25552;&#20132;&#20013;&#22269;&#22269;&#38469;&#32463;&#27982;&#36152;&#26131;&#20210;&#35009;&#22996;&#21592;&#20250;&#36827;&#34892;&#20210;&#35009;&#12290;&#35813;&#22996;&#21592;&#20250;&#30340;&#35009;&#20915;&#26159;&#32456;&#23616;&#30340;&#65292;&#23545;&#21452;&#26041;&#22343;&#20855;&#26377;&#32422;&#26463;&#21147;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>All disputes, controversies or differences which
may arise between the Parties hereto, out of or in relation to this Agreement and which the Board of Directors fails to settle
it through consultation, shall finally be submitted to arbitration which shall be conducted by the China International Economic
and Trade Arbitration Commission, the decision of which shall be final and binding upon both parties.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20845;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21327;&#35758;&#30340;&#20462;&#25913;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#26412;&#21327;&#35758;&#30340;&#20462;&#25913;&#65292;&#24517;&#39035;&#32463;&#30002;&#20057;&#21452;&#21516;&#24847;&#65292;&#31614;&#32626;&#20070;&#38754;&#21327;&#35758;&#65292;&#24182;&#25253;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#20027;&#31649;&#37096;&#38376;&#25209;&#20934;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>This Agreement may be amended during the duration
of this Agreement by the Parties, provided that such amendment shall be in writing and signed by all Parties and shall be approved
by the competent agency of the government of the People's Republic of China.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#19971;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19981;&#21487;&#25239;&#21147;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Force Majeure</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#20219;&#20309;&#19968;&#26041;&#22240;&#22320;&#38663;&#12289;&#28779;&#28798;&#12289;&#27946;&#12289;&#29190;&#28856;&#12289;&#39118;&#26292;&#12289;&#20107;&#25925;&#21644;&#25112;&#20105;&#31561;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#65292;&#26410;&#33021;&#23653;&#34892;&#21327;&#35758;&#65292;&#19981;&#26500;&#25104;&#36829;&#32422;&#25110;&#32034;&#36180;&#20043;&#32536;&#30001;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#36973;&#21463;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#19968;&#26041;&#24517;&#39035;&#31435;&#21363;&#20070;&#38754;&#36890;&#30693;&#21478;&#19968;&#26041;&#65292;&#24182;&#22312;&#20070;&#38754;&#36890;&#30693;&#21518;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#20869;&#25552;&#20132;&#24403;&#22320;&#20027;&#31649;&#37096;&#38376;&#20986;&#20855;&#30340;&#35777;&#26126;&#25991;&#20214;&#65292;&#20379;&#21508;&#26041;&#25454;&#20197;&#21451;&#22909;&#21512;&#29702;&#22320;&#35299;&#20915;&#26377;&#20851;&#38382;&#39064;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>1. Any failure or delay in the performance by either
Party hereto of its obligations under this Agreement shall not constitute a breach hereof or give rise to any claims for damages
if it is caused by the following occurrences beyond the control of the Parties: earthquake, fire, floods, explosions, storms, accidents,
war.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>2. The Party affected by force majeure event shall
immediately notify the other Party about the event in written form, and submit within 10 days after the written notice the certified
documents issued by a public competent organization at the place where the force majeure event has taken place, with which all
the Parties hereto shall settle the problem in a friendly and reasonable way.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20843;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36890;&#30693;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#19968;&#20999;&#26377;&#20851;&#26412;&#21327;&#35758;&#30340;&#36890;&#30693;&#24517;&#39035;&#37319;&#29992;&#20070;&#38754;&#24418;&#24335;&#65292;&#20854;&#22320;&#22336;&#22914;&#19979;&#65306;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#30002;&#26041;&#22320;&#22336;&#65306;&#20013;&#22269;&#28023;&#21335;&#30465;&#28023;&#21475;&#24066;&#28023;&#30008;&#23707;&#25991;&#26223;&#19996;&#36335;&#36367;&#28010;&#23567;&#21306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#22320;&#22336;&#65306;&#32654;&#22269;&#26032;&#27901;&#35199;&#24030;&#33832;&#21202;&#36153;&#23572;&#65292;&#26684;&#40065;&#22827;&#36335;</FONT>201<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#37038;&#32534;&#65306;</FONT>08086<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#19993;&#26041;&#22320;&#22336;&#65306;&#32654;&#22269;&#23486;&#22805;&#27861;&#23612;&#20122;&#24030;</FONT>2710<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#21313;&#20845;&#22823;&#36947;&#21335;</FONT>50<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#37038;&#32534;&#65306;</FONT>19102<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#36890;&#30693;&#26085;&#26399;&#20197;&#36890;&#30693;&#21457;&#20986;&#26085;&#20026;&#20934;&#65292;&#20294;&#25913;&#21464;&#22320;&#22336;&#30340;&#36890;&#30693;&#20197;&#36890;&#30693;&#25910;&#21040;&#26085;&#20026;&#20934;&#12290;&#26102;&#38388;&#25353;&#36890;&#30693;&#26041;&#25152;&#22312;&#30340;&#26102;&#21306;&#35745;&#31639;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>Any
notice required or permitted under the provisions of this Agreement shall be in writing and addressed as follows:<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>Party A: Talang Garden, East Wenjing Road, Haidian
Island, Haikou City, China .<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>Party B: 201 Grove Road, Thorofare, N.J. 08086
USA<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>Party C: 50 South 16th Street, Suite 2710 Philadelphia,
PA 19102<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>Notice shall be deemed to have been given on the
date of mailing except the notice of change of address which shall be deemed to have been given when received.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The time shall be calculated according to that of the time zone of the addresser or sender.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.1pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20061;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21807;&#19968;&#21327;&#35758;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Agreement</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#26412;&#21327;&#35758;&#26159;&#24403;&#20107;&#20154;&#30340;&#21807;&#19968;&#21327;&#35758;&#65292;&#24182;&#21462;&#20195;&#24403;&#20107;&#20154;&#21508;&#26041;&#20197;&#21069;&#26126;&#30830;&#34920;&#31034;&#21644;&#26263;&#31034;&#26041;&#24335;&#25152;&#36798;&#25104;&#30340;&#19968;&#20999;&#21327;&#35758;&#21644;&#25215;&#35834;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>This Agreement constitutes the entire and only
Agreement between the Parties hereto and supersedes and nullifies all prior agreements, commitments, expressed or implied, among
the Parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;&#31532;&#20108;&#21313;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#36866;&#29992;&#27861;&#24459;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing Law</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#26412;&#21327;&#35758;&#30340;&#24418;&#24335;&#12289;&#26377;&#25928;&#26399;&#12289;&#35299;&#37322;&#21644;&#23653;&#34892;&#65292;&#22343;&#20197;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#20026;&#20934;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>The formation, validation, interpretation and performance
of this Agreement are governed by the laws of the People's Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21pt; background-color: white"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;&#31532;&#20108;&#21313;&#19968;&#26465;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25991;&#23383;</FONT></B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#12288;&#12288;</B></FONT><B>Article 21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Language</B><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#26412;&#21327;&#35758;&#20197;&#20013;&#33521;&#25991;&#20070;&#20889;&#65292;&#20004;&#31181;&#25991;&#26412;&#23545;&#21452;&#26041;&#22343;&#20855;&#26377;&#32422;&#26463;&#21147;&#65292;&#20294;&#22312;&#20135;&#29983;&#20998;&#27495;&#26102;&#65292;&#20197;&#20013;&#25991;&#26412;&#20026;&#20934;&#12290;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;&#20857;&#35777;&#26126;&#65292;&#21508;&#26041;&#22996;&#27966;&#21508;&#33258;&#20195;&#34920;&#65292;</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20197;&#19979;&#24320;&#39318;&#35821;&#20013;&#20070;&#26126;&#30340;&#26085;&#26399;&#31614;&#32626;&#30422;&#31456;&#12290;&#26412;&#21327;&#35758;&#19968;&#24335;&#19971;&#20221;&#65292;&#21327;&#35758;&#21452;&#26041;&#21508;&#25191;&#20004;&#20221;&#65292;&#20854;&#20313;&#20379;&#21512;&#36164;&#20844;&#21496;&#21150;&#29702;&#26377;&#20851;&#25163;&#32493;&#29992;&#65292;&#21508;&#20221;&#20855;&#26377;&#21516;&#31561;&#27861;&#24459;&#25928;&#21147;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 21pt; background-color: white">This
Agreement shall be executed by the Parties hereto in both Chinese version and English version, each of which shall be binding upon
all Parties. But the Chinese version shall prevail in the event of any discrepancy between the two said versions.<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12288;&#12288;</FONT>This agreement shall be executive in seven copies
with each party holding two copies and the rest copy is for handling relative formalities by Joint Venture. Each copy has the same
legal effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 36.75pt; background-color: white">&nbsp;</P>

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    <TD COLSPAN="4" STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Party A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT>Hainan Savy-Akers Biosciences Ltd.</FONT></TD></TR>
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    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Party B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT>Akers Biosciences, Inc.</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Party C<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT>Thomas Knox</FONT></TD>
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    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2014&#24180; 10 &#26376; 24 &#26085;</FONT></TD>
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    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Date<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT>October 24, 2014</FONT></TD>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="color: Black"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 14pt; color: Black"><B>Akers Biosciences
Announces Joint Venture <BR>
to Market Rapid Diagnostic Tests in China</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>Akers Biosciences,
Inc. October 23, 2014 8:17 AM</I> <U>GlobeNewswire</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Done</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">THOROFARE,
N.J., Oct. 23, 2014 (GLOBE NEWSWIRE) &mdash; Akers Biosciences, Inc. (<U>AKER</U>) (<U>AKR.L</U>) (the &quot;Company&quot; or
&quot;Akers&quot;), a leading designer and manufacturer of rapid diagnostic screening and testing products, has signed a Joint
Venture Agreement (the &quot;Joint Venture Agreement&quot;) with Hainan Savy Investment Management Ltd (&quot;Hainan&quot;) and
Mr. Thomas Knox (&quot;Thomas Knox&quot;), the Company's Non-executive Co-Chairman (Akers, Hainan and Thomas Knox together the
&quot;Parties&quot;), to research, develop, produce and sell certain Akers' rapid diagnostic screening and testing products in
China (the &quot;Joint Venture&quot;). The Joint Venture Company will be located in Haikou, the capital city of the province of
Hainan, China, and is incorporated as Hainan Savy Akers Biosciences, Ltd.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">The principals
of Hainan have a track record of success helping numerous companies establish markets in China, which is the world's most populous
country and among the fastest growing <I>in vitro </I>diagnostics markets with an estimated 18% annual growth rate. This annual
growth rate is driven by China's aging population, which has resulted in an increasing level of chronic conditions such as diabetes
and heart disease, and changing lifestyles, which are fueling rising levels of infectious diseases. According to a 2012 report
from McKinsey &amp; Company, many &quot;highly prevalent and burdensome conditions remain underdiagnosed and undertreated in China.&quot;
The report also highlights the growing need for &quot;better and earlier diagnosis&quot; of diseases in China, a healthcare market
that is estimated to surpass $1 trillion in spending by 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">The Joint Venture
plans to locate its headquarters in the prestigious Haikou National Hi-Tech Industrial Zone, and establish a manufacturing operation
in the same area. The business will be structured to utilize numerous government incentives intended to develop and promote the
Chinese diagnostic industry. As part of the agreement, the Joint Venture will be involved in the research, development, manufacturing,
sales and marketing of Akers' rapid diagnostic screening and testing products In China. The Joint Venture will also explore other
market opportunities in Asia.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Under the terms
of the Joint Venture Agreement, the Joint Venture will market and sell the majority of Akers' product line, with a special emphasis
on diabetes, cardiac, and infectious diseases rapid diagnostic screening and testing products.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Akers currently
offers numerous diagnostic screening and testing products internationally, including its Breath Ketone test for diabetic monitoring,
CHUBE disposable breath alcohol detectors, Tri-Cholesterol test, and PIFA (particle immunofiltration assay) based tests for infectious
diseases such as chlamydia, dengue fever, malaria, and syphilis. More information on Akers' suite of testing solutions can be
found at: <U>http://www.akersbiosciences.com/products/</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Pursuant to
the Joint Venture Agreement, the Joint Venture has elected a Board of Directors (the &quot;Board&quot;) which will consist of
Marco Ma, Wendy Wen, Hellen Ma, Raymond F. Akers Jr., Ph.D and Thomas Knox.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&quot;This
is a landmark day for Akers Biosciences. We are delighted to sign this agreement with Hainan as we endeavor to establish Akers'
products in China, one of the world's leading emerging markets. The Joint Venture Agreement will support Akers' strategy on global
growth, following our other recent distribution agreements in the U.S., Middle East, and Asia. This will also enable us to design
and manufacture new rapid diagnostic screening and testing products in China,&quot; said Raymond F. Akers Jr., Ph.D, Executive
Chairman.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&quot;The creation
of this Joint Venture is a timely move designed to meet the growing demand in the rapidly expanding Chinese market,&quot; continued
Dr. Akers. &quot;We look forward to working closely with Hainan going forward.&quot;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>ABOUT AKERS
BIOSCIENCES, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Akers Biosciences
develops, manufactures, and supplies rapid, point of care screening and testing products designed to bring healthcare information
both rapidly and directly to the consumer or healthcare provider. The Company has advanced the science of diagnostics while responding
to major shifts in healthcare through the development of several proprietary platform technologies. The Company's state-of-the-art
rapid diagnostic assays can be performed virtually anywhere in minutes when time is of the essence. The Company has aligned with
major healthcare companies and high volume medical product distributors to maximize product offerings, and to be a major worldwide
competitor in diagnostics. Additional information on the Company and its products can be found at <U>www.akersbiosciences.com</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>ABOUT THOMAS
KNOX</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Thomas J. Knox
was appointed Non-executive Co-Chairman of the Board of Directors of Akers Biosciences on August 15, 2014. Mr. Knox is a Philadelphia-based
businessman who has owned, managed, and ultimately sold multiple profitable companies in the software, banking, and health insurance
industries including Disc Systems, Inc., Crusader Bank, Gimco International, Kasser Industries and Fidelity Insurance Group. He
also served as Chief Executive Officer for United HealthCare of Pennsylvania and served as Special Deputy Rehabilitator &amp;
Chief Executive Officer of Fidelity Mutual Life Insurance Co., Pennsylvania's 5th largest insurer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>ABOUT HAINAN
SAVY INVESTMENT MANAGEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Hainan Savy
Investment Management Ltd. (Hainan) is a new entity comprised of principals that have been heavily involved with companies in
the high-technology marketplace in China, helping to provide capital and management expertise across various mediums. The principals
of Hainan have helped establish numerous companies in the high-technology marketplace in China. Hainan is very pleased to be working
with Akers and will help to establish Akers as a leading producer of rapid diagnostic and screening tests in a rapidly expanding
marketplace for such products in China.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Cautionary
Statement Regarding Forward-Looking Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">Statements
contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities
that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended
terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words &quot;anticipate,&quot;
&quot;believe,&quot; &quot;estimate,&quot; &quot;upcoming,&quot; &quot;plan,&quot; &quot;target,&quot; &quot;intend&quot; and
&quot;expect&quot; and similar expressions, as they relate to Akers Biosciences, Inc., its subsidiaries, or its management, are
intended to identify such forward-looking statements. These forward-looking statements are based on information currently available
to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results,
performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>


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