US-China Biomedical Technology Inc. (fka UCBB)

[ALERTS100%to10000%GAIN]

UCBB~~AGREEMENT



NOW, THEREFORE , in consideration of the mutual covenants set forth in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which is acknowledged, the Parties covenant and agree as follows:



A. Recitals . The foregoing recitals are true and correct and incorporated by reference herein.



B. Consideration . As full consideration for this Agreement hereunder, (i) the Company shall apply the Debt towards the purchase under the Subscription Agreement, (ii) the Creditor shall be issued restricted shares of the Company’s common stock, at a price per share valued at $0.40 per as set forth in Subscription Agreement (the “Settlement Shares”) and, in exchange, (iii) Creditor shall grant to Company a full settlement and release in connection with the Debt.