Translation of Medicinal Material Procurement Contract
Exhibit 10.9
Translation of Medicinal Material Procurement Contract
Party A (Purchaser): Yunnan Shangri-La Tibetan Pharmaceutical Group Limited
Party B (Supplier): Chun Sheng
| Product’s Name | Spec | Unit | Quantity | Unit Price | Value (RMB) | Procurement Period | Memo | |||||||
| sal—Ammoniac | kg | 1235 | 74.75 | 92,317.06 | 09.1.1-12.31 | |||||||||
| Fructus Hippophais | kg | 6450 | 201.77 | 1,301,397.07 | 09.1.1-12.31 | |||||||||
| HgS | kg | 1266 | 313.21 | 396,527.69 | 09.1.1-12.31 | |||||||||
| Barbary Wolfberry Fruit | kg | 3136 | 44.71 | 140,213.71 | 09.1.1-12.31 | |||||||||
| Weeds Fruit | kg | 3198 | 41.11 | 131,458.68 | 09.1.1-12.31 | |||||||||
| Bright Salt | kg | 1244 | 33.5 | 41,677.19 | 09.1.1-12.31 | |||||||||
| Aconitum naviculare | kg | 3213 | 390.54 | 1,254,820.90 | 09.1.1-12.31 | |||||||||
| Chinese Eaglewood | kg | 5105 | 1383.88 | 10,882,670.11 | 09.1.1-12.31 | |||||||||
| Cardamon amomum | kg | 1714 | 162.12 | 447,098.21 | 09.1.1-12.31 |
The Aggregate Value: RMB 14,688,180.62
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 5, 2009
Party B: Chun Sheng
Authorized Representative: Chun Sheng (Signature):
Signature Date: Jan 5, 2009
