Medicinal Material Procurement Contract between Yunnan Shangri-La Tibetan Pharmaceutical Group Limited and Chun Sheng

Summary

Yunnan Shangri-La Tibetan Pharmaceutical Group Limited (the purchaser) and Chun Sheng (the supplier) have entered into an agreement for the purchase of various medicinal materials, including specific quantities and prices for each item. Delivery is required within 20 days of signing, and payment is due within 10 days after the goods are received in the warehouse. The products must meet state and agreed quality standards, and packaging must be undamaged. If either party breaches the contract, they must compensate the other party 30% of the contract's total value.

EX-10.9 17 dex109.htm EXHIBIT 10.9 EXHIBIT 10.9

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