Drugs Supply and Marketing Agreement between Shaanxi Aoxing Pharmaceutical Co., Ltd. and Guangdong Runtai Pharmaceutical Co., Ltd.

Summary

Shaanxi Aoxing Pharmaceutical Co., Ltd. agrees to supply pharmaceutical products to Guangdong Runtai Pharmaceutical Co., Ltd. for distribution in Guangdong Province from January 1, 2007, to December 31, 2007. The contract specifies product types, quantities, prices, and a total value of RMB 16,180,000. The supplier is responsible for transportation costs, and the buyer must inspect goods within three days of arrival. Payment is made by rolling payment or within 30 days, depending on delivery method. Disputes are resolved in the creditor’s local court.

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Drugs supply and marketing contract

	Contract No.: SY1-0701
	Signature place: Xianyang
	Sale Region: Guangdong Province

Providing side: Shaanxi Aoxing Pharmaceutical Co., Ltd.

Demanding side: Guangdong Runtai Pharmaceutical Co., Ltd.

To ensure the legitimate rights and interests of both seller and buyer, according to the Drug Administration Law of the PRC and the Circulation of Pharmaceuticals Supervision and Management Methods, by consensus, the seller and buyer unanimously agreed to sign this contract in December 11, 2006:

1. Product name, manufacturer, specifications, quantity, unit price, the total amount of money:

The comply period of contract: from January 1, 2007 to December 31, 2007

Product Name

dosage form

specification

unit

quantity

unit price (Yuan)

amount of

money (Yuan)

remarks

Aoxing capsule

capsule;

40pill×10 bottle×20box

piece

17200

900

15,480,000

Taohua powder

powder

1.5g×10sack×200box

piece

400

1750

700,000

16,180,000

Total RMB (capitalization) sixteen millions one hundred and eighty thousands

2. Quality standards: The products referred in the contract are in line with the national drug standards.

3. Arrival Location of commodity: Guangzhou

Deliver deadline: telephone

The extract way of commodity: Self-extract

4. Means of transport: Railway Motor √

5. Freight charge assuming: Providing side

6. Goods arrived should be checked and accepted within three days. Overdue acceptance will be taken as qualified proving. If quality or quantity problems are found, the problems should be informed a written notice to the other party in set time.

7. Settling means: (1) Settling means of deliver goods in batch is the rolling payment. √

(2) Settling means of deliver goods in one time is paid up within 30 days.

8. Payment means: bank drafts/ bank cards/ telegraphic transfer √/ cash

9. Quadruplicate for this contract and each side two copies.

10. The contract dispute will be accepted and heard by the creditor’s location court.

11. Other engaged items: This contract is the annual supply and marketing contract. Demanding side should inform the providing side the time, variety and amount of the deliver goods in batch by telephone.

Demanding side	Unit name (seal)	Shaanxi Aoxing Pharmaceutical Co., Ltd.	Providing side	Unit name (seal)	Guangdong Runtai Pharmaceutical Co., Ltd.
	Unit address	ChenYang Dong Road (Century Road),Aoxing Medical Mansion, Xianyang, Shaanxi		Unit address	No.233, room 2308 of LongHe Bei Road, TianHe Zone, Guangzhou
	Legal representative	Rongha Wang		Legal representative
	Authorised agent	Mei Zhang Tel.: 021-33685528		Authorised agent	Xi Li Tel.:
	Zip code	712000 Fax: 021-33685528		Zip code	510000 Fax::
	Bank of deposit			Bank of deposit
	Account number			Account number