[AGREEMENT This AGREEMENT (this “Agreement”), dated as of August 1, 2011, is by and between Worldwide Officers, Inc. a California Corporation (the “Lender”), and China Jo-Jo Drugstores, Inc., a Nevada corporation (the “Company”), to memorialize the terms and conditions for the services of the Lender’s employee, Bennet P. Tchaikovsky (“Executive”). The Lender and the Company shall each be referred to] [CHINA JO-JO DRUGSTORES, INC. RESTRICTED STOCK AWARD AGREEMENT UNDER THE 2010 EQUITY INCENTIVE PLAN Grantee: Worldwide Officers, Inc. August 1, 2011 Number of Shares: 4,613 shares Original Value: $2.71 Plan Company Award Shares Original Value 1. Acceptance of Award . 2. Restrictions and Conditions 2.1 The Award granted herein may not be sold, assigned, transferred, pledged, or otherwise encumbered or] [EMPLOYMENT AGREEMENT This employment agreement (this “Agreement”) dated as of August 1, 2011 (the “Effective Date”), is made by and between China Jo-Jo Drugstores, Inc., a Nevada corporation (the “Company”), and Frank Ming Zhao (the “Executive,” and with the Company, each a “Party” and collectively the “Parties”). 1. EMPLOYMENT AND TERM. Employment (a) During the Employment Term, the Executive shall] [CHINA JO-JO DRUGSTORES, INC. RESTRICTED STOCK AWARD AGREEMENT UNDER THE 2010 EQUITY INCENTIVE PLAN Grantee: Frank Ming Zhao August 1, 2011 Number of Shares: 40,000 shares Original Value: $68,000 Plan Company Award Par Value Shares Original Value 1. Acceptance of Award . 2. Restrictions and Conditions 2.1 The Award granted herein may not be sold, assigned, transferred, pledged, or otherwise] [CHINA JO-JO DRUGSTORES, INC. Room 507-513, 5th Floor A Building Meidu Plaza Gongshu District, Hangzhou Zhejiang Province, People’s Republic of China Tel: + 86 (571) 88077078 August 1, 2011 Via Electronic Mail Bennet P. Tchaikovsky 6571 Morningside Drive Huntington Beach, California 92648 Email: bennet@jojodrugstores.com Re: Board of Directors – Offer Letter Dear Mr. Tchaikovsky: China Jo-Jo Drugstores, Inc., a Nevada] [CHINA JO-JO DRUGSTORES, INC. RESTRICTED STOCK AWARD AGREEMENT UNDER THE 2010 EQUITY INCENTIVE PLAN Grantee: Bennet P. Tchaikovsky August 1, 2011 Number of Shares: 5,883 shares Original Value: $10,000 Plan Company Award Shares Original Value 1. Acceptance of Award . 2. Restrictions and Conditions 2.1 The Award granted herein may not be sold, assigned, transferred, pledged, or otherwise encumbered or] [China Jo-Jo Drugstores, Inc. Appoints New Chief Financial Officer Names Bennet P. Tchaikovsky to Board of Directors HANGZHOU, China--(BUSINESS WIRE)--August 1, 2011--China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD), which primarily operates retail pharmacies in the People’s Republic of China, today announced the appointment of Frank Ming Zhao, 35, as Chief Financial Officer, effective immediately. Mr. Zhao replaces Bennet P. Tchaikovsky, who resigned]