EXHIBIT 10.30
TURNKEY HOSPITAL PURCHASE AGREEMENT
1. SELLER
Neurotech Development Corporation, located at 00 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000, XXX, a registered Delaware Corporation hereby
referred to as the Seller.
2. PURCHASER
The People's Government of Jiading Shanghai hereinafter referred to as
the Purchaser. That the purchaser will be the operator of the
hospital(s), the Purchaser is entering into this Agreement with full
corporate intent and legal responsibility in accordance with the
governing laws of The People's Republic of China.
3. QUALITY STANDARDS
The Purchaser will maintain the quality standards set forth by the
Seller in the training program of the hospitals named in this Agreement.
4. DESCRIPTION OF HOSPITALS
A 600 bed acute care facility with full outpatient departments and
services as well as emergency services and education centre. This
hospital will act in connection with and as part of a medical college
system with a qualified trauma centre.
Size: 150,000 Sq. Ft
Number of beds: 600
Structure: Prefabricated Concrete
All acute care departments: Radiology
Emergency
Oncology
Neurology
Orthopedic
Obstetric
Gynecology
Pediatric
Surgery
Urology
Internal Medicine
Cardiology
Laboratory
Operating Systems: Accounting
Purchasing
Medical Records
"Global Health Enterprises Turn Key Hospitals" as presented in
publication titled Global Health Enterprises Turnkey Hospitals
to act as satellite hospitals in the surrounding areas.
Hospitals shall consist of: Prefabricated concrete building
All diagnostic and laboratory
equipment (per book)
Operating room equipment
Emergency room equipment
Pharmacy equipment
All Pharmaceuticals
All medical disposables
Computerized billing and
accounting systems
Medical records systems
Construction standard: USA
Pharmaceutical standard: USA
Equipment standard: USA
Health practice code: USA
5. SERVICES PROVIDED BY SELLER
Ancillary services: Staff training in USA
Medical staff: Full medical staff
Full laboratory staff
Administrative staff
Support services only: Maintenance supervisor
Housekeeping
Dietary supervisors
6. DEPOSIT
Normal deposit requirements are hereby waived.
7. NON EXCLUSIVITY
The hospitals are sold on a non exclusive basis. The names
"Global Health", "Neurotech Corporation" cannot be used in the
operation name of the hospital.
8. CONTRACTUAL ORDER OF PROCEDURES
Upon execution of this contract and receipt of first payment, Global
Health Technical team will arrive at site, begin public health study,
operating study, and prepare final report and final budgetary proposal.
The report shall consist of recommended final configuration and drawings
for each hospital, dependent on population, service area, public health
etc.
Technical staff administrator, will remain and begin interviews and
selection of hospital staff with purchaser.
9. APPROVALS REQUIRED
Seller will provide purchaser with final report, budgetary scheme, and
physical model for final approval within 30 days of receipt of first
payment.
10. PAYMENT
Upon purchasers acceptance of this contract, purchaser's bank will open
bank Guaranty with the Bank of China for construction of the proposed
hospital(s). Such bank guarantees will be in the increments of
$15,000,000 USD. Such issuance will be in accordance with the budgets
and budgetary times required by the government for such capital
projects.
11. DELIVERY TIME
There is one tertiary care hospital in this contract and which will be
delivered and opened in accordance with the final schedules set forth by
mutual agreement between the purchasor and the seller.
It is anticipated that this project will be completed in phases over a
period of 3 years.
12. TRAINING
Staff training shall commence at the beginning of the manufacturing
process. Air transportation, employee salaries, meals, are the
responsibility of the purchaser.
Training shall take place at the University of Texas, at Galveston, or
any other Neurotech affiliated school.
There will be 3 classes each timed for the delivery of the hospitals for
that period.
13. ADMINISTRATOR
An American administrator will remain for the first 6 months of
operation at the expense of the Seller.
14. FINANCING
Financing is provided in accordance with the terms of the Bank Guaranty.
15. PURCHASER PROVIDES
Land
Road
Electricity
Fresh Water
Sewage
Contract Purchasor will place hospitals (minimum 5 hectare/site)
16. PRICING
The 600 bed acute care facility is priced at $55,000,000 USD
Pricing may vary in accordance with final specifications and
recommendations of technical committee and/or Purchaser.
Total price of this project for hospital is $55,000,000 USD.
17. ENDORSEMENTS
This hospital project has been submitted to The World Council of Peoples
For The United Nations as a humanitarian project and as such may use
this recognition when seeking financing and governmental approval.
18. GOVERNING LAW
This contract shall be deemed valid and subject to the laws of The
Peoples Republic of China.
19. LOCATIONS
The hospitals shall be located in the areas as directed by the
municipality of Hangzhou. Modifications in design required by
geographical location, will be the responsibility of the Purchasor.
Such special conditions include constant power generation, medical waste
disposal unit, flood, plane, earthquake, etc.
A separate public health analysis will be done for each area.
20. RECOGNIZED AGENTS
The following agents are recognized as agents for the Seller.
Grace Fame Industrial Ltd.
601-4 Hilder Center
0 Xxxx Xxxx Xx.
Xxxx Xxx, Xxxx Xxxx
Xxxxxx Xxx, President
21. TERM OF PROJECT
This Project is estimated to take 3 years to complete from the date of
initial contract payment.
So we hereby complete this agreement and set forth our signatures on
this date.
AGREED
Seller: /s/ Date: 11-4-99
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Neurotech Development Corporation
Xxxxxxxx Xxxx, Vice President
Purchaser: /s/ Date: 7-11-99
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Public Health Bureau of Jiading Shanghai
Agent: /s/ Date: 7-11-99
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Grace Fame Industrial Ltd.
Xxxxxx Xxx, President
