Entrust market research agreement (Translated from Chinese Version)
EXHIBIT
10
Entrust
market research agreement
(Translated from Chinese Version)
I.
Agreement both parties
(I)
RUSSIA
MOSCOW "SING SING." INC. (SINGSING)
1.Address:
Xx.00 xxxxxxxx Xxxxxx Xxxxxx Xxxxxx
2.Tele:
000 000-0000000
3.Fax:
000 000-0000000
(II)
XXXXXX
XXXXXXXXX PHARMACEUTICAL. INC. ("PGCN")
1.Address:
Xx.000 XxxXx Xxxxxx XxxXxxx Xxxxxxxx Harbin
2.Tele:
000 0000-00000000 00000000
3.Fax:
000 0000-00000000
0.Xxxx
code: 150001
| (III) |
Both
parties reach a agreement about SINGSING entrust PGCN exclusive to
do
market research relating to items of business in Chinese inland (exclude
Hong Kong, Macao, Taiwan), as
follows:
|
II.
Items
of agreement
(I)
Business market research.
(II)
Establishing business plan.
III.
Content of agreement
(I)
Right
and obligation of SINGSING
1.SINGSING
must provide the detailed material of research items and the pattern of
establishing business plan to PGCN.
2.The
writing of material should use two of Russian¡¢Chinese¡¢and
English.
3.
Research items provided by SINGSING should under the permit of related law
of
Chinese government.
4.SingSing
has the right of investigation and supervision on the active plan and the
executive circumstances of research items, which were going on by
PGCN.
0.Xx
the
effective period of agreement, SINGSING don’t entrust other to do any research
activity that are same or similar to the content of agreement in Chinese inland
(exclude HongKong, Macao, Taiwan).
(II)
Right
and obligation of PGCN
1.PGCN
should do corresponding research plan according to research items provided
by
SINGSING, and can enforce the research and establish business plan after
approved by SINGSING.
2.PGCN
should do market research and establish business plan according to the active
plan that was strictly affirmed by SINGSING.
3.The
writing of research report and business plan should use two of
Russian¡¢Chinese¡¢English.
Deliver to SINGSING in fixed time and mean.
4.The
research report submitted by PGCN should be according to the related law of
P.R.C. (People’s Republic of China).
5.PGCN
should not disclose entrust items, research report, business plan and related
information of SINGSING to any other organizations and individuals.
IV.
Sum
of money and term of payment
(I)Sum
of
money: USD $200,000
per year.
(II)Term
of
payment: In cash or credit, USD $50,000
every 90 days, paid in full in four times per year.
V.
Style
of research items¡¢research
region¡¢research
mean and business plan, etc. See the detailed items.
VI.
From
the date of signature, the effective period is one year.
VII.
The
event not concerned in the agreement, both parties should solve by
consultations.
VIII.
Place of arbitration is Harbin City Heilongjiang Province P.R.C.
IX.
The
agreement in quadruplicate, both
parties hold two copies and have the same level legal effect
Representative
of SINGSING:______________________________
(signature)
Representative
of PGCN:__________________________________
(signature)
Jan.
28.
2005 Harbin city P.R.C.
