Helpson Medical & Biotechnology Co., Ltd.
Exhibit 10.20
Helpson Medical & Biotechnology Co., Ltd.
Date: Dec. 9, 2008 contract No. HPS200812-010 Signed at:
Arrival port: custom No.business No.
According to the related stipulation of "People's Republic of China Law of contract", after consulting unanimously, both sides signs this contract.:
| NO. | Name of Commodity ,Specifications | Unit | Quantity | Unit Price(RMB ) | Total Amount | Time of Shipment | |||||||||||||||||||||||||||||||
| Buflomedil Hydrochloride Tablets 0.15g*24 | Box | 120,00 | 16.20 | 1,944,000.00 | |||||||||||||||||||||||||||||||||
| Total Value( in letter ) ONE MILLION NINE HUNDRED FOURTY FOUR THOUSAND ONLY | |||||||||||||||||||||||||||||||||||||
| Buyer | Hainan Xinglin Medicine Company | Seller | Helpson Medical & Biotechnology Co., Ltd. | ||||||||||||||||||||||||||||||||||
| Address | Address | No.17,Jinpan RD , haikou , hainan , China | |||||||||||||||||||||||||||||||||||
| tax | 4 | 6 | 0 | 1 | 0 | 0 | 7 | 3 | 0 | 0 | 8 | 4 | 3 | 1 | 4 | tax | 4 | 6 | 0 | 1 | 0 | 0 | 6 | 2 | 0 | 0 | 0 | 9 | 3 | 3 | X | ||||||
| Bank &account No | Construction Bank Hainan Branch 46001003936050001633 | Bank &account No | Commercial Bank Jinpan Branch 2201020119000024276 | ||||||||||||||||||||||||||||||||||
| representative | representative | ||||||||||||||||||||||||||||||||||||
| Telephone | 0898-66813270 | Telephone | 0898-66811911 66811828 | ||||||||||||||||||||||||||||||||||
| Fax | Zip Code | Fax | 0898-66819024 | Zip code | 570216 | ||||||||||||||||||||||||||||||||
General TERMS:
| 1 | Quality :The supplier provides the product guaranteed conforms to the national related drugs quality specification | ||
| 2 | Packing: Packing conforms to the national related laws and regulations requirement, conforms to the shipment requirement | ||
| 3 | Delivery Term: a\ by buyer b\ collection c\ by the third party | ||
| 4 | Destination: 1. Warehouse of supplier 2. the arrival station of railway/ship/road/air at suppliers’ location; 3. the station of railway/ship/road / air at the buyers’ location. | ||
| 5 | Transportation: 1.railway 2.road 3. ship 4. air | ||
| 6 | Transport expense: 1.paid by supplier 2. paid by buyer | ||
| 7 | Payment: 1. wire via bank 2. bill 3. check 4. cash 5. collection | ||
| 8 | Time of Payment: three months When the payment excesses the deadline, seller has the right to stop shipment. | ||
| 9 | Buyer should check at once at the arrival of the goods at the port of destination, , if having any claims, buyers should ask for certificate from shipper, fax the certificate to sellers within 7days. | ||
| 10 | The seller undertake the complete responsibility of quality of the drugs sold and assure the prompt goods supply, the non-quality reason does not permit to return goods | ||
| 11 | Violation responsibility: According to rules of "People's Republic of China Law of contract" and "Industry and mining Product Purchase and sale contract Rule" | ||
| 12 | The above third , fourth , fifth , sixth , seventh items which marked x are the execution way for both sides agrees | ||
| 13 | Disputes settlement : All the disputes will be settled under the plaintiff .locus people’s court. | ||
| 14 | Other items |
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| (1 | ) | Partial delivery and partial settlement was permitted for the cargo under this contract. | |||
| (2 | ) | Only if in contract special regulation, buyer should make the payment to seller according to contract as soon as he receives the cargo, Nobody can draws the money or the cargo without a formal notice of seller. | |||
| (3 | ) | Contract will be effective after signed by bilateral representatives. | |||
| (4 | ) | If there is a lawsuit because of payment , the non-prevailing party will pay the legal fee , attorney fee and travel expense. |
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