Distribution Agreement for 2010
Exhibit
10.38
Distribution
Agreement for 2010
Seller:
|
Shanxi
Yabao Pharmaceutical Distribution Co., Ltd. (hereafter referred to as
“Party A”)
|
Purchaser:
|
Changchun
Yongxin Dirui Medical Co., Ltd. (hereafter referred to as “Party
B”)
|
This
Distribution Agreement (the “Agreement”) is entered into by and between Party A
and Party B through negotiation.
Article
1.
|
Party
A shall supply products to Party B according to the Product Catalogue
provided by Party B. Party A guarantees that all products are genuine
products that satisfy national standards. Party A will accept
exchange or return for any products with quality related problems, unless
such problems are the result of improper storage or transportation by
Party B.
|
Article
2.
|
Party
B shall distribute Party A’s products in the designated region at prices
that are no less than the purchase price under this Agreement. Party B
shall make payments to Party A on time, otherwise, Party A shall have the
right to stop supplying products to Party
B.
|
Article
3.
|
After
Party B pays the purchase price for the products, Party A shall pay the
applicable rebate to Party B.
|
Article
4.
|
Party
B shall distribute Party A’s products in Jilin Province. Party B has the
obligation to provide Party A with access to Party B’s online order
tracking system.
|
Article
5.
|
Party
B agrees to purchase from Party A products with an aggregate purchase
price of XXX 00 xxxxxxx xxxxxx 2010, including XXX 00 million for Ding Gui
Er Qi Tie and XXX 00 million for other
products.
|
Article
6.
|
Party
B agrees to complete payment of the above agreed amount by December 31,
2010.
|
Article
7.
|
Party
A agrees to pay rebate to Party B if Party B fulfills its obligation under
Articles 4, 5 and 6 by February 28,
2011.
|
Article
8.
|
Any
dispute arising from the performance of this Agreement shall be resolved
through negotiation. If no resolution can be reached through negotiation,
the dispute shall be submitted to a court of law at Party A’s
location.
|
Article
9.
|
This
Agreement shall be executed into three duplicate originals. Party A holds
two duplicate originals; Party B holds one duplicate original. All
duplicate originals shall have the same legal effect. This Agreement shall
become effective upon execution of both
parties.
|
Party
A:
|
/s/
[signature of authorized
representative]
|
Shanxi
Yabao Pharmaceutical Distribution Co., Ltd. (corporate seal)
Party
B:
|
/s/
[signature of authorized
representative]
|
Changchun
Yongxin Dirui Medical Co., Ltd. (corporate seal)
Date:
January 27, 2010