EX-10 8 sb2feb07ex103.txt EXH. 10.3 - SALE CONTRACT EXHIBIT 10.3 SALE CONTRACT OF GUANGXI TONGJI MEDICINE CO. LTD. Contract No. ______ The Supplier (part A): Guangxi Tongji Medicine Co. Ltd The Demander (part B): Nanning Tongji Hospital Co. Ltd Place: Nanning Date: October 1, 2003 In accordance with the Contract act of the People's Republic of China and in order to reduce the purchase cost of the hospital, all the medicine of Nanning Tongji Hospital Co. Ltd will be purchased by Guangxi Tongji Medicine Co. Ltd. The contract is signed by both sides through consultation. 1. Products Name of Unit price Volume commodity Standard Manufacturer Quantity Unit including tax of Tax Remark A batch of Supply according medicine to cost price (delivery in batches according to needs of the demander) ----------------------------------------------------------------------------------------- Total value:
2. Terms on quality. 1) The commodities of the supplier should be in accordance with the quality standards of the nation and other demands concerned. 2) The whole packing should include the qualification certificate. 3) As to commodity import, the supplier must offer Register Certificate of Import Commodity or Register Certificate of Medical Product in accordance with regulations and the Examination Report of Import Commodity or Paper of Import Commodity Passing Custom given by the examination station on port. 4) The packing of the commodities should be in accordance with regulations concerned and the demand of cargo transport. 3. Responsibility of quality. A should stock the products according to regulations concerned. If the products are unqualified because of improper storage and maintenance during the term of validity, A should take full responsibility. 4. Place of delivery: Drugstore of the Demander. Arrival date: The same date informed by telephone. 5. Term of payment and deadline: Settle the account in a month after the goods arrival. 6. Term of transportation and freight: Supplier in charge. 7. Inspection, acceptance and deadline: Demander inspects and accepts the products in 3 days after receiving the goods. If any objection is raised about the products, the demander should give a written proposal in 3 days after receiving the goods. The products will be considered qualified after the deadline. 8. Responsibility on break of contract: Both sides should strictly stick to the terms mentioned above. If there is any breach of contract, the party breaking the contract should pay compensation to the other party for economic loss. If the demander pays the cost after the deadline, the compensation for breach of contract will be paid according to 0.5% of the cost for each day. 9. Terms resolving disputes: arbitration of the court in Nanning, the place of supplier. 10. Other items agreed: Supplier offers the products in cost price. 11. Term of the contract: From October 1, 2003 to October 1, 2008 ---------------- --------------- Remark: 1. The contract will take legal effect after it is signed and must be fully implemented by both sides. Any party is not allowed to vary or terminate the contract without permission. When the variation is needed for some reasons, both sides should sign another contract according to laws after consultation. 2. The contract is in duplicate and each party holds one. It will take effect after being Signature Supplier: Guangxi Tongji Medicine Demander: Nanning Tongji Hospital Co. Ltd Co. Ltd By: /s/ By: /s/ -------------------------------- ----------------------------- Authorized Officer Authorized Officer Address : No.20 Beiji Road,Nanning; Address & No.5 Beiji Road,Nanning; Postal code: 530011 Postal code: 530011 Legal Legal representative: Yun-hui Yu representative: Yun-hui Yu Tel: 0771-2020063/13707882498 Tel: 0771-2020077 Fax: 0771-2020130/0771-2020065 Fax: 0771-2020011