[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]

[China Jo-Jo Drugstores, Inc. Reports Fiscal 2011 Fourth Quarter and Full Year Financial Results HANGZHOU, China--(BUSINESS WIRE)--June 29, 2011--China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD), which primarily operates retail pharmacies in the People’s Republic of China, today reported financial results for the fourth quarter and full year ended March 31, 2011. Fourth Quarter of Fiscal Year 2011 Highlights: Revenues increased 29.0% to]

[TABLE OF CONTENTS TO ANNUAL REPORT ON FORM 10-K FOR YEAR ENDED MARCH 31, 2011 Page PART I Item 1. Business 4 Item 1A. Risk Factors 16 Item 1B. Unresolved Staff Comments 31 Item 2. Properties 31 Item 3.] [List of Subsidiaries 1. Renovation Investment (Hong Kong) Co., Ltd. (“Renovation”) is a Hong Kong company and is wholly-owned by the Company. 2. Zhejiang Jiuxin Investment Management Co., Ltd. (“Jiuxin Management”) is a Chinese company and is wholly-owned by Renovation. 3. Hangzhou Jiuxin Qianhong Agriculture Development Co., Ltd. is a Chinese company and is wholly-owned by Jiuxin Management. 4. Zhejiang] [CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (File No. 333-171849) of China Jo-Jo Drugstores, Inc. and subsidiaries of our report dated June 29, 2011 relating to the consolidated financial statements, which appear in this Form 10-K. Marlton, New Jersey June 29, 2011] [CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (File No. 333-171849) of China Jo-Jo Drugstores, Inc. and subsidiaries of our report dated June 29, 2010 relating to the consolidated financial statements, which appear in this Form 10-K. Brea, California June 29, 2011] [SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Lei Liu, certify that: 1. I have reviewed this annual report on Form 10-K of China Jo-Jo Drugstores, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light] [SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Bennet P. Tchaikovsky, certify that: 1. I have reviewed this annual report on Form 10-K of China Jo-Jo Drugstores, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 (2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company at the dates and for the periods indicated. Lei Liu Chief Executive Officer June 29, 2011] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 Bennet P. Tchaikovsky Chief Financial Officer June 29, 2011]

[China Jo-Jo Drugstores Announces Fourth Quarter and Full Year Fiscal 2011 Conference Call HANGZHOU, China--(BUSINESS WIRE)--June 28, 2011--China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) (the “Company”), which operates retail pharmacies in People’s Republic of China, today announced that the Company will hold its fourth quarter and full year fiscal 2011 earnings call on Thursday, June 30, 2011 at 8:00 a.m. Eastern Time.]