Translation of Medicinal Material Procurement Contract
Exhibit 10.8
Translation of Medicinal Material Procurement Contract
Party A (Purchaser): Yunnan Shangri-La Tibetan Pharmaceutical Group Limited
Party B (Supplier): Ba Sang
| Product’s Name | Spec | Unit | Quantity | Unit Price | Value (RMB) | Procurement Period | Memo | |||||||
| Wage edge seeds | kg | 308 | 572.76 | 1,764,10.72 | 09.1.1-12.31 | |||||||||
| Flower Snake | kg | 2538 | 318.88 | 809,327.24 | 09.1.1-12.31 | |||||||||
| Juniper Cream | kg | 1090 | 247.09 | 269,326.54 | 09.1.1-12.31 | |||||||||
| Meconopsis | kg | 709 | 50.01 | 35,459.56 | 09.1.1-12.31 | |||||||||
| Bear bile | kg | 156 | 7834.56 | 1,222,190.71 | 09.1.1-12.31 | |||||||||
| Nutmeg | kg | 2244 | 123.08 | 276,186.91 | 09.1.1-12.31 | |||||||||
| Dwarf Corydalis | kg | 4464 | 176.74 | 788,947.13 | 09.1.1-12.31 | |||||||||
| Ba Xiaga | kg | 8451 | 197.09 | 1,665,632.89 | 09.1.1-12.31 | |||||||||
| Possession of Woody | kg | 6318 | 49.31 | 311,556.22 | 09.1.1-12.31 |
The Aggregate Value: RMB 5,555,037.92
The Procurement Place: Yunnan Shangri-La Tibetan Medicine Group Co., Ltd.
Date of Delivery: Delivery within 20 days upon the signature of the Contract
Payment Method: Party A shall make payment of all the accounts payable within 10 days upon the entry of products in the warehouse and Party B shall draw the accounts receivable by presentation of the warehouse voucher.
Quality Standard: State Standard
Package: Polypropylene (PP) Knitted Bag or cloth bag free of any damage.
Quality Requirements by Party B: The products shall comply with the state quality standards as well as the agreed quality standard bases on the said quality standards; Packing Sound
Quality Requirements agreed by Both Parties: The Tibetan medicinal materials standard under the administration authorities of the Ministry of Public Health shall be executed.
Liability of Breach: The breached party shall make the compensation for the non-breach party by the amount equivalent to 30% of the aggregate value of the contract herein.
This contract is in duplicate and shall be effective upon both parties’ signature, seal, and putting one’s fingerprint.
Party A: Yunnan Shangri-La Tibetan Pharmaceutical Group Limited
Authorized Representative: Hong Yu (Signature)
Yunnan Shangri-La Tibetan Pharmaceutical Group Limited (Seal)
Signature Date: Jan 4, 2009
Party B: Ba Sang
Authorized Representative: Ba Sang (Signature):
Signature Date: Jan 4, 2009
