Exhibit 10.11
Sales contract
Date: 7 April 2006 contract no Signed at:
Arrival port: custom no business no
According to the related stipulation of "People's Republic of China Law of
contract", after consulting unanimously, both sides signs this contract.:
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NO Name of Commodity ,Specifications Unit Quantity Unit Price(yuan) Total Value Time of Shipment
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aFGF mg 4427 500 2213500 5th_10tth every month
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Total Value( in letter ) TWO MILLION TWO HUNDRED AND THIRTEEN THOUSAND FIVE
HUNDRED YUAN ONLY
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Buyer Hainan liang bishi huangzhuang pin company Seller Hainan Helpson Medicine and Bio-Technology Co. Ltd.
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Xxxxxxx Xxxxxxx Xx.00,Xxxxxx XX , xxxxxx , xxxxxx , Xxxxx
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tax tax
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Bank &account No Bank &account No
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representative representative
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elephone Telephone 0000-00000000
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Fax Zip Code Fax 0000-00000000 Zip code 570216
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General TERMS:
1 Quality : The supplier provides the product guaranteed conforms to the
national related drugs quality specification
2 Packing: Packing conforms to the national related laws and regulations
requirement, conforms to the shipment requirement
3 Delivery Term: a\ by buyer b\ collection c\ by the third party
4 Destination: 1. Warehouse of supplier 2. the arrival station of
railway/ship/road / air at suppliersi-location; 3. the station of
railway/ship/road / air at the buyersi-location.
5 Transportation: 1. railway 2. road 3. ship 4. air
6 Transport expense: 1. paid by supplier 2. paid by buyer
7 Payment: 1. wire via bank 2. xxxx 3. check 4. cash 5. collection
8 Time of Payment: When the payment excesses the deadline, seller has the
right to stop shipment.
9 Buyer should check at once at the arrival of the goods at the port of
destination, , if having any claims, buyers should ask for certificate from
shipper, fax the certificate to sellers within 7days.
10 The seller undertake the complete responsibility of quality of the drugs
sold and assure the prompt goods supply, the non-quality reason does not
permit to return goods
11 Violation responsibility: According to rules of "People's Republic of
China Law of contract" and "Industry and mining Product Purchase and sale
contract Rule"
12 The above third , fourth , fifth , sixth , seventh items which marked
"\/" are the execution way for both sides agrees
13 Disputes settlement : All the disputes will be settled under the
plaintiff .locus peoplei-s court.
14 Other items
1) Partial delivery and partial settlement was permitted for the cargo
under this contract.
2 )Only if in contract special regulation, buyer should make the payment
to seller according to contract as soon as he receive the cargo,
Nobody can draws the money or the cargo without a formal notice of
seller.
3 )Contract will be effective after signed by bilateral representatives.
4) If there is a lawsuit because of payment , the non-prevailing party
will pay the legal fee , attorney fee and travel expense.
