Institute of Microbiology, Chinese Academy of Sciences Laiyang Jiangbo Pharmaceutical Co. Ltd Pharmaceutical Industrialization Joint Base Agreement
Exhibit
10.16
Unofficial Summary Translation
Institute
of Microbiology, Chinese Academy of Sciences
Laiyang
Jiangbo Pharmaceutical Co. Ltd
Pharmaceutical
Industrialization Joint Base Agreement
Party A:
Institute of Microbiology, Chinese Academy of Sciences (IMCAS)
Party B:
Laiyang Jiangbo Pharmaceutical Co, .Ltd.
Under the
background of National "Eleventh Five-Year Plan" program, IMCAS actively
promotes the industrialization of scientific research to utilize its own
advantages adequately and implements the policy of IMCAS and the knowledge
innovation project. With the foundation of continuous improved yearly production
value and revenues, Laiyang Jiangbo Pharmaceutical Co. Ltd. focuses on
strengthening the basic research of biomedical industrial in order to achieve a
new level. Therefore, both parties reached the agreement to form the “Joint
base of industrialization, Institute of Microbiology, Chinese Academy of
Sciences-Laiyang Jiangbo Pharmaceutical Co. Ltd” with the formation of good
cooperative research system in order to promote the further development of bio-
pharmaceutical industry with the approach of joining enterprise and institute.
This agreement is signed for the implementation of this
cooperation.
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A.
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Name
of the Joint base of
industrialization
|
Joint
base of industrialization, Institute of Microbiology, Chinese Academy of
Sciences – Laiyang Jiangbo Pharmaceutical Co, Ltd
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B.
|
Operation
model of the Joint base of
industrialization
|
|
1.
|
Joint
base of industrialization will be licensed and operated at Party
B.
|
|
2.
|
Party
A and Party B should both assign a representative to take responsibility
for the work of joint base of industrialization. Both of Party A and Party
B can recruit related employees in accordance with
requirement.
|
|
3.
|
The
joint base should hold at least one working conference or academic
exchange every year and both parties’ research and managerial personnel
should participate the conference or academic
exchange.
|
|
C.
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Responsibilities
of both Party
|
|
1.
|
Party
A.
|
|
a.
|
Give
Party B the priority to get the transferable technological
achievements.
|
|
b.
|
Cultivate
post-doctoral or master and doctoral students and training related
technical staff for Party B. Related expenses will be negotiated by both
parties.
|
|
c.
|
Within
the scientific research scope of IMCAS, Party A will solve the problems
encountered in Party B’s production process for Party B; specific issues
will be resolved by other agreements between the two
parties.
|
|
d.
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Both
parties should apply for national and local projects (such as 863 projects
etc). Party A shall provide party B technical
support.
|
|
2.
|
Party
B.
|
a.
Provide party A related industrial technological achievements transformation
platform.
b.
Provide RMB 6,000,000 per year operating expenses for the Joint base of
industrialization.
c. Bear
enterprise related responsibilities during the application process of national
and local projects.
|
D.
|
Cooperation
period
|
The
agreement is for five years (November 2006 till November 2010). Both
parties will renegotiate the terms after the contract expires.
|
E.
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Others
|
|
|
1.
|
Matters
not mentioned herein and other possible disputes occurred during the
operation process of the cooperative library shall be decided through
mutual negotiations.
|
|
|
2.
|
This
agreement shall be validated with the representatives from both
parties’ signatures and seals. This agreement has four copies, two
copies for both sides with same legal
effect.
|
Party A
(Representative): (Seal)
Institute
of Microbiology, Chinese Academy of Sciences
November
12, 2007
Party B
(Representative): (Seal)
Laiyang
Jiangbo Pharmaceutical Co. Ltd.
November
12, 2007
