Cannaphrmarx Inc. (GREY:GDHC)

On May 9, 2014, David J. Cutler ("Cutler") entered into a Share Purchase Agreement with CannaPharmaRX, Inc. ("CannaPharmaRX"). Prior to entering into the Share Purchase Agreement, Cutler was a majority shareholder of Golden Dragon Holding Co. ("the Company").

In exchange for cash of $54,000, Cutler sold 1,421,120 shares of the Company's restricted common stock to CannaPharmaRX, Inc. CannaPharmaRX, Inc. conducted a private placement to raise capital and the funds to purchase the Cutler shares were obtained from such placement. CannaPharmaRX also purchased 9,000,000 shares of common stock for $296,000 in order to pay the Company's payables and expenses of closing. As a result of the Share Purchases, CannaPharmaRX has become the majority shareholder of the Company,