wkbt secondary 宏弧商务咨询（上海）有限公司

宏弧商务咨询（上海）有限公司（ARC China,Inc.）

17-Aug-2009

Material Modification to Rights of Security Holders, Financia



Item 3.03. Material Modification to Rights of Security Holders
Series A Preferred Stock Securities Purchase Agreement

On August 11, 2009, Weikang Bio-Technology Group Company, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Securities Purchase Agreement") with ARC China, Inc., a Shanghai corporation ("ARC").

Pursuant to the terms of the Securities Purchase Agreement, ARC agreed that it will purchase up to an aggregate of 4,768,877 Units at a purchase price of $1.75 per Unit for an aggregate purchase price of $8,345,535. Each "Unit" consists of
(i) one share of the Company's newly-designated Series A preferred stock, par value $0.01 per share ("Series A Preferred Stock"), and (ii) one-half warrant ("Warrant") to purchase one share of the Company's common stock, par value $0.00001 per share ("Common Stock"), at a price of $2.75 per share, pursuant to one or more closings on such dates and in such amounts as determined by ARC upon three days notice provided to the Company (the "Series A Purchase Transaction").