Purchase and Sale Contract for Vacant Capsules between Yangling Dongke Madisen Pharmaceutical Co., Ltd. and Shanxi Guangsheng Capsule Co., Ltd.

Summary

Yangling Dongke Madisen Pharmaceutical Co., Ltd. (the buyer) and Shanxi Guangsheng Capsule Co., Ltd. (the supplier) agree to the purchase and sale of specified quantities of vacant capsules, with details on product specifications, pricing, and delivery. The capsules will be delivered to the buyer’s warehouse, and payment is due 30 days after receipt. Both parties agree to penalties for late delivery or payment, and to resolve disputes through negotiation or local courts. The contract is effective from December 1, 2009, to May 31, 2010.

EX-10.23 29 ex1023.htm EXHIBIT 10.23 ex1023.htm

Exhibit 10.23

Purchase and Sell Contract of Vacant Capsule

1 Products Name, Specifications, Quantity, Total Amount, Delivery Date and Quantity

Specificati-ons	color	Print-ed name	Col-or	Quanti-ty (10000 unit)	Unit Price (yuan/1000 unit)	Total Amount	Delive-ry Date and Quantit-y
0#	Hat:pi-nk Body: white	Hat:	Hat:	5000	128	75800	Based on the order sheet
1#	red				118
Total Amount (in words)
Note: the actual delivered quantity shall not exceed 8±% than the ordered Quantity.

2 Delivery Place and Means of Transportation: the purchaser’s warehouse, by car or train.

3 The Standard for Check and Accept: The People's Republic of China Pharmacopoeia (2000 version)

4 .Terms of payment and Time: time: 30days after receiving the goods；

. Terms of payment: bank remittance

5 Objection Period: 14 days after receiving the goods.

6 The Liability of Breach the Agreement:

(1) In the case of late delivery, the rate of penalty is charged at 0.004% for every days；If the supplier refuses to delivery the goods, the rate of penalty is charged at 10% of the remaining goods.

(2) In case of late payment, the rate of penalty is charged at 0.004% for every days; if the supplier cancel the effective order, the rate of penalty is charged at 10% of the canceled goods.

(3) The buyer must buy the produced products when he terminates the order.

7 Force Majeure: In the case of counter any Force Majeure by any party who could free from economic penalty with providing convincing evidence.

8 Settlement of Disputes: any disputes arising from this contract could be settle down through negotiation, if not, could submit to the local court.

9 Other Provision: both parities must abide by the contract; negotiation is preferred to deal with the disputes.

Jul 1, 2008 is the effective date.

Supplier Name:

Agent signature

Address

Telephone:

Zip code

Bank:

Account number

Tax number

Fax :

Buyer Name:

Agent signature

Address

Telephone:

Zip code

Bank:

Account number

Tax number

Fax :

Validity: from Dec. 1, 2009 to May. 31, 2010

Party A: Yangling Dongke Madisen Pharmaceutical co.,Ltd

Address: 8 Xinqiao Road Yangling Demonstration Zone

Zip Code: 712100

Party B：Shanxi Guangsheng capsule Co., Ltd

Address: Room 102 Unit 2 Building 16 Xingsheng Community Xiaoyi Shanxi.