Translation of Medicinal Material Procurement Contract

EX-10.12 20 dex1012.htm EXHIBIT 10.12 EXHIBIT 10.12

Exhibit 10.12

Translation of Medicinal Material Procurement Contract

Party A (Purchaser): Yunnan Shangri-La Tibetan Pharmaceutical Group Limited

Party B (Supplier): Xiong Ba

 

Product’s Name

    Spec    Unit    Quantity    Unit
Price		    Value (RMB)    Procurement
Period		    Memo

Semen Punicae Granati

       kg    32195    50.84    1,636,824.71    09.1.1-12.31   

Fructus Malvae

       kg    4476    162.92    729,325.16    09.1.1-12.31   

Asparagus cochinchinensis

       kg    5088    27.2    138,378.66    09.1.1-12.31   

Tibetan Lengzi Qin

       kg    8398    37.15    311,997.61    09.1.1-12.31   

Himalayas Four o’clock

       kg    21195    37.26    789,737.00    09.1.1-12.31   

Puncturevine Caltrop Fruit

       kg    15534    42.03    652,828.28    09.1.1-12.31   

Common Dysosma Rhizome

       kg    6347    143.84    912,982.22    09.1.1-12.31   

The Aggregate Value: RMB 5,172,073.63

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 6, 2009

Party B: Xiong Ba

Authorized Representative: Xiong Ba (Signature):

Signature Date: Jan 6, 2009