EQUIPMENT PURCHASE AGREEMENT
Exhibit 10.13
Transferor: Beijing Keyibangen Medical Instruments Co., Ltd.
Transferee: Beijing Libeier Biology Engineering Research Institute Co., Ltd.
Pursuant to the provisions of the General Principles of the Civil Law of the People’s Republic of China and the Contract Law of the People’s Republic of China, upon amicable consultation and on the basis of equality and free will, the parties hereby enter into this purchase agreement with the main contents as follows:
1. Transferor will transfer all its manufacturing equipment to Transferee. The specific products under such transfer and the purchase price of the specific products will be as previously agreed upon by the parities. The product names are shown in the registration list of manufacturing equipment attached hereto and the product prices are shown in the copies of accounting vouchers attached hereto.
2. The delivery of the products by Transferor to Transferee shall be deemed completed after Transferor delivers the equipment to the place designated by Transferee and Transferee inspects and accepts the delivered equipment. The purchase price to be paid by Transferee will be the price agreed upon by both parties and the payment schedule will be determined by the parties through their consultation. Transferee shall fully pay the purchase price within one year after Transferor has performed its delivery obligations.
3. The attachments to this agreement shall have same legal effect as that of this agreement. This agreement is made in duplicate and each party shall hold one copy, with both copies of equal legal effect. This agreement shall take effect from the date of execution by both parties with their official seals affixed hereto.
Transferor: /s/ Beijing Keyibangen Medical Instruments Co., Ltd. /affixed with official seal/
Date: April 28, 2008
Transferee: /s/ Beijing Libeier Biology Engineering Research Institute Co., Ltd. /affixed with official seal/
Date: April 28, 2008
Fixed Assets—Machinery Equipment Inventory List Evaluation (Inventory List of equipments to be transferred from Keiyibangen to Libeier)
Name of company in possession of the asset: Beijing Libeier Biology Engineering Research Institute Co., Ltd.
Book Value | Adjusted Book Value | |||||||||||||||||||||||
Serial Number |
Equipment Number |
Equipment Name |
Specifications |
Manufacturer |
Unit of |
Quantity | Date of Purchase |
Start Date |
Original Value | Net Value | Original Value | Net Value | ||||||||||||
12 | milling machine |
FAW120T | Wuxi Fodoo | item | 1.0 | April-08 | May-08 | 42,082.50 | 42,082.50 | 42,082.50 | 42,082.50 | |||||||||||||
13 | water equipment |
Beijing | item | 1.0 | April-08 | May-08 | 45,250.00 | 45,250.00 | 45,250.00 | 45,250.00 | ||||||||||||||
14 | mould |
item | 1.0 | April-08 | May-08 | 3,495.83 | 3,495.83 | 3,495.83 | 3,495.83 | |||||||||||||||
00 | xxxxx xxxxxxxxx |
XXX-X/00X/00 | Xxxxx | item | 1.0 | April-08 | May-08 | 4,007.50 | 4,007.50 | 4,007.50 | 4,007.50 | |||||||||||||
16 | lathe |
CM6125 | Jinan First Machine Tool | item | 1.0 | April-08 | May-08 | 15,708.33 | 15,708.33 | 15,708.33 | 15,708.33 | |||||||||||||
17 | milling machine |
XA5032 | Beijing No. 1 Machine Tool | item | 1.0 | April-08 | May-08 | 78,267.72 | 78,267.72 | 78,267.72 | 78,267.72 | |||||||||||||
18 | universal knee-and-column milling machine |
XQ6125B | Guilin | item | 1.0 | April-08 | May-08 | 25,783.80 | 25,783.80 | 25,783.80 | 25,783.80 | |||||||||||||
19 | sclerometer |
item | 1.0 | April-08 | May-08 | 6,123.33 | 6,123.33 | 6,123.33 | 6,123.33 | |||||||||||||||
20 | air compressor |
B22-15 | Shanghai Fengxian Installation and Vessels Factory | item | 1.0 | April-08 | May-08 | 45,807.64 | 45,807.64 | 45,807.64 | 45,807.64 | |||||||||||||
21 | storage and delivery car |
600*600*795 | Shanghai Pute | item | 1.0 | April-08 | May-08 | 3,618.33 | 3,618.33 | 3,618.33 | 3,618.33 | |||||||||||||
22 | rotational burnisher |
XL60P | Dalian Longzheng | item | 1.0 | April-08 | May-08 | 14,836.67 | 14,836.67 | 14,836.67 | 14,836.67 | |||||||||||||
23 | 310 bedroom lathe |
CTX310 | Gildemeister | item | 1.0 | April-08 | May-08 | 601,883.45 | 601,883.45 | 601,883.45 | 601,883.45 | |||||||||||||
24 | NC additional shaft |
item | 1.0 | April-08 | May-08 | 16,572.60 | 16,572.60 | 16,572.60 | 16,572.60 | |||||||||||||||
25 | liquid sandblasting machine |
Changkong Sand Blasting Equipment | item | 1.0 | April-08 | May-08 | 20,098.19 | 20,098.19 | 20,098.19 | 20,098.19 | ||||||||||||||
26 | centerless grinder |
M1020A | Wuxi Machine Tool Plant | item | 1.0 | April-08 | May-08 | 60,638.94 | 60,638.94 | 60,638.94 | 60,638.94 | |||||||||||||
27 | single axle NC electrical spark forming machine |
CTE300K | Beijing Dimengkate Machine Tool |
item | 1.0 | April-08 | May-08 | 48,416.67 | 48,416.67 | 48,416.67 | 48,416.67 | |||||||||||||
28 | universal tool grinding machine |
M6025A | Wuhan Machine Tool Works | item | 1.0 | April-08 | May-08 | 27,203.74 | 27,203.74 | 27,203.74 | 27,203.74 | |||||||||||||
29 | lathe |
HG-32 | Liaoning | item | 1.0 | April-08 | May-08 | 23,096.27 | 23,096.27 | 23,096.27 | 23,096.27 | |||||||||||||
30 | vertical machining center |
MXR-460V | Beiyi Dayu | item | 1.0 | April-08 | May-08 | 571,023.75 | 571,023.75 | 571,023.75 | 571,023.75 | |||||||||||||
31 | air compressor |
B22-15 | Shanghai Fengxian Installation and Vessels Factory |
item | 1.0 | April-08 | May-08 | 23,941.67 | 23,941.67 | 23,941.67 | 23,941.67 | |||||||||||||
32 | Zebra printer |
item | 1.0 | April-08 | May-08 | 7,248.67 | 7,248.67 | 7,248.67 | 7,248.67 | |||||||||||||||
33 | DNC-B software and hardware |
item | 1.0 | April-08 | May-08 | 12,132.16 | 12,132.16 | 12,132.16 | 12,132.16 | |||||||||||||||
34 | fast NC wire-cut machine |
CTW400 | Dimengkate Machine Tool | item | 1.0 | April-08 | May-08 | 57,131.67 | 57,131.67 | 57,131.67 | 57,131.67 | |||||||||||||
35 | Haier air conditioner |
item | 1.0 | April-08 | May-08 | 6,480.00 | 6,480.00 | 6,480.00 | 6,480.00 | |||||||||||||||
36 | ultrasonic wave cleaner |
Siemens | item | 1.0 | April-08 | May-08 | 6,193.75 | 6,193.75 | 6,193.75 | 6,193.75 | ||||||||||||||
37 | abrasive furnishing machine |
1000W | item | 1.0 | April-08 | May-08 | 10,333.75 | 10,333.75 | 10,333.75 | 10,333.75 | ||||||||||||||
38 | vibrating burnisher |
LZD150PSP | Dalian | item | 1.0 | April-08 | May-08 | 17,782.20 | 17,782.20 | 17,782.20 | 17,782.20 | |||||||||||||
39 | knife sharpener |
HDT30 | Shandong | item | 1.0 | April-08 | May-08 | 8,772.50 | 8,772.50 | 8,772.50 | 8,772.50 | |||||||||||||
40 | spark high-speed tapping machine |
CTD703 | Dimengkate Machine Tool | item | 1.0 | April-08 | May-08 | 22,480.00 | 22,480.00 | 22,480.00 | 22,480.00 | |||||||||||||
41 | flat stone mill |
M7120 | Hangzhou Machine Tool Plant | item | 1.0 | April-08 | May-08 | 50,352.56 | 50,352.56 | 0.00 | ||||||||||||||
42 | numerical control machine |
HYK20F | Shanghai Instrument | item | 1.0 | April-08 | May-08 | 154,761.17 | 154,761.17 | 154,761.17 | 154,761.17 | |||||||||||||
43 | worktable |
2000*750*860 | Shanghai Xxxx | item | 1.0 | April-08 | May-08 | 3,600.82 | 3,600.82 | 3,600.82 | 3,600.82 | |||||||||||||
44 | rotational burnisher |
XL60P | Dalian Longzheng | item | 1.0 | April-08 | May-08 | 14,898.60 | 14,898.60 | 14,898.60 | 14,898.60 | |||||||||||||
45 | lathe |
CM6125 | Jinan First Machine Tool | item | 1.0 | April-08 | May-08 | 16,868.67 | 16,868.67 | 16,868.67 | 16,868.67 | |||||||||||||
46 | manual tailstock TS160RS |
item | 1.0 | April-08 | May-08 | 9,374.40 | 9,374.40 | 9,374.40 | 9,374.40 | |||||||||||||||
47 | microscope |
MF-A1020 | Japan Mitutoyo | item | 1.0 | April-08 | May-08 | 171,222.33 | 171,222.33 | 171,222.33 | 171,222.33 | |||||||||||||
48 | ultrasonic wave cleaner |
1000W | Siemens | item | 1.0 | April-08 | May-08 | 4,453.33 | 4,453.33 | 4,453.33 | 4,453.33 | |||||||||||||
49 | forcing press |
JD23-4 | Zhejiang Metalforming Machinery |
item | 1.0 | April-08 | May-08 | 7,330.29 | 7,330.29 | 7,330.29 | 7,330.29 | |||||||||||||
50 | tool vehicle |
564*372*820 | item | 1.0 | April-08 | May-08 | 4,327.67 | 4,327.67 | 4,327.67 | 4,327.67 | ||||||||||||||
51 | electric burner |
SX-8-10 | Beijing Electric Furnace Works | item | 1.0 | April-08 | May-08 | 5,239.00 | 5,239.00 | 5,239.00 | 5,239.00 | |||||||||||||
52 | vertical machining center |
MXR-460V | Beijing No. 1 Numerical Control | item | 1.0 | April-08 | May-08 | 505,076.94 | 505,076.94 | 505,076.94 | 505,076.94 | |||||||||||||
53 | worktable |
1500*750*800 | Shanghai Xxxx | item | 1.0 | April-08 | May-08 | 1,870.40 | 1,870.40 | 1,870.40 | 1,870.40 | |||||||||||||
54 | scrap-iron car |
1000*850*870 | Shanghai Xxxx | item | 1.0 | April-08 | May-08 | 1,425.07 | 1,425.07 | 1,425.07 | 1,425.07 | |||||||||||||
55 | storage drawer cabinet |
1125*600*21 | Shanghai Xxxx | item | 1.0 | April-08 | May-08 | 2,260.07 | 2,260.07 | 2,260.07 | 2,260.07 |
56 | drill press |
E512-2A | Xihu | item | 1.00 | April-08 | May-08 | 1,177.35 | 1,177.35 | 1,177.35 | 1,177.35 | |||||||||||||
57 | tool milling machine |
X8130A | Beijing Instrument and Meter Plant |
item | 1.00 | April-08 | May-08 | 52,261.20 | 52,261.20 | 52,261.20 | 52,261.20 | |||||||||||||
58 | projection grinder |
M9017B | Third Shanghai Machine Tool Plant | item | 1.00 | April-08 | May-08 | 121,352.11 | 121,352.12 | 121,352.11 | 121,352.12 | |||||||||||||
59 | NC circular table |
item | 1.00 | April-08 | May-08 | 79,315.20 | 79,315.20 | 79,315.20 | 79,315.20 | |||||||||||||||
60 | fast NC wire-cut machine |
FW1 | AgieCharmilles | item | 1.00 | April-08 | May-08 | 117,214.29 | 117,214.29 | 117,214.29 | 117,214.29 | |||||||||||||
61 | hydrostatic press |
YJ32-100A | Jiangdu, Chongqing | item | 1.00 | April-08 | May-08 | 51,722.55 | 51,722.55 | 51,722.55 | 51,722.55 | |||||||||||||
62 | universal peripheral milling machine |
MG1420E | Beijing No. 2 Machine Tool Works |
item | 1.00 | April-08 | May-08 | 69,368.80 | 69,368.80 | 69,368.80 | 69,368.80 | |||||||||||||
63 | fast NC wire-cut machine |
CTW400 | Dimengkate Machine Tool |
item | 1.00 | April-08 | May-08 | 54,226.67 | 54,226.67 | 54,226.67 | 54,226.67 | |||||||||||||
64 | numerically controlled lathe |
HYK20 | Shanghai Mingjing Machine Tool |
item | 1.00 | April-08 | May-08 | 91,606.67 | 91,606.67 | 91,606.67 | 91,606.67 | |||||||||||||
65 | universal dividing |
F11100 | Yantai | item | 1.00 | April-08 | May-08 | 1,579.23 | 1,579.23 | 0.00 | ||||||||||||||
66 | electrolytic rectifier |
item | 1.00 | April-08 | May-08 | 1,276.37 | 1,276.37 | 0.00 | ||||||||||||||||
67 | black light lamp |
item | 1.00 | April-08 | May-08 | 3,365.61 | 3,365.61 | 0.00 | ||||||||||||||||
00 | xxxxxxxx |
XX00000 | Xxxxxxxx Xxxxx Power Voltage Manufacturing |
item | 1.00 | April-08 | May-08 | 11,025.00 | 11,025.00 | 0.00 | ||||||||||||||
69 | storage racks |
item | 1.00 | April-08 | May-08 | 3,946.56 | 3,946.56 | 0.00 | ||||||||||||||||
Subtotal | 3,438,910.56 |
Fixed Assets—Electronic Equipment Inventory List Evaluation
Base Date of Assessment May 31, 2007
Book Value | Adjusted Book Value | |||||||||||||||||||||||
Serial |
Equipment Number |
Equipment Name |
Specifications and Models |
Manufacturer | Unit of Measurement |
Quantity | Date of Acquisition |
Start Date | Original Value | Net Value | Original Value | Net value | ||||||||||||
computer |
item | 1 | April-08 | May-08 | 5,187.18 | 5,187.18 | 5,187.18 | 5,187.18 | ||||||||||||||||
display equipment |
item | 1 | April-08 | May-08 | 3,165.30 | 3,165.30 | 3,165.30 | 3,165.30 | ||||||||||||||||
desk |
item | 1 | April-08 | May-08 | 1,656.79 | 1,656.79 | 1,656.79 | 1,656.79 | ||||||||||||||||
desk |
item | 1 | April-08 | May-08 | 6,212.50 | 6,212.50 | 6,212.50 | 6,212.50 | ||||||||||||||||
computer equipment |
item | 1 | April-08 | May-08 | 4,786.38 | 4,786.38 | 4,786.38 | 4,786.38 | ||||||||||||||||
iron sheet cabinet |
item | 1 | 4/6/08 | May-08 | 1,837.00 | 1,837.00 | 1,837.00 | 1,837.00 | ||||||||||||||||
Subtotal | 22,845.15 | 22,845.15 | 22,845.15 | 22,845.15 | ||||||||||||||||||||
Total | 3,461,755.71 |
Supplementary Agreement
Transferor: Beijing Keyibangen Medical Instruments Co., Ltd.
Transferee: Beijing Libeier Biology Engineering Research Institute Co., Ltd.
WHEREAS, the Transferor and the Transferee entered into an Equipment Purchase Agreement on April 28, 2008, under which, the Transferor has transferred all of its manufacturing equipments to the Transferee and the Transferee has paid to the Transferor the transfer price in full and on time.
WHEREAS, the Transferor has transferred to the Transferee in installments the raw materials, finished products, returned products, accounts receivable, charges paid on others’ behalf, marketable fixed assets, salary, rent, and pre-received accounts etc. (collectively “Inventories”) relating to the manufacturing equipments that have been transferred to the Transferee under the Equipment Purchase Agreement.
NOW THEREFORE, the parties have entered into this Supplementary Agreement:
1. The Transferor agrees to transfer all of its Inventories to the Transferee and the Transferee agrees to accept such transfer. The detailed items and prices for the Inventories to be transferred hereunder are otherwise agreed by the parties in the appendix hereto.
2. As of the date hereof, the Transferor has transferred to the Transferee all the Inventories hereunder and all the equipments under the Equipment Purchase Agreement. The Transferee has paid to the Transferor the transfer price for the equipments in the aggregate amount of three million four hundred sixty-one thousand seven hundred and fifty-five point seventy-two Yuan. (RMB3,461,755.72 in number), and the Transferee agrees to pay to the Transferor the transfer price for the Inventories in the aggregate amount of four million eight hundred ninety-two thousand five hundred and thirty-four Yuan (RMB4,892,534.00 in number) within twelve (12) months as of the date hereof.
3. The appendix hereto shall have the same legal effect with the main body hereof. This Agreement has two (2) counterparts with the same legal effect and each party holds one of them, which shall become effective as of the date hereof.
Transferor: Beijing Keyibangen Medical Instruments Co., Ltd. /affixed with the company seal/
Guo Zhenmei /s/
Date: July 23, 2010
Transferee: Beijing Libeier Biology Engineering Research Institute Co., Ltd. /affixed with the company seal/
Xxx Xxxx /s/
Date: July 23, 2010
Breakdown for Payable to Keyibangen
July 23, 2010
Amount (RMB) | |||||
Transferred Inventories: | |||||
Raw Materials | Raw Materials | 2,897,495 | |||
Finished Products | Finished Products | 2,174,556 | |||
Returned Products | Products Returned of Then-Current Period which was Made in 2007 and the Earlier Date (Sold by Keyibangen) | (1,623,320 | ) | ||
Accounts Receivable | Accounts Receivable of Keyibangen as of January 1, 2008 to be Transferred to Libeier | 389,383 | |||
Charges Paid on Others’ Behalf | Charges Paid by Keyibangen on behalf of Libeier | 292,791 | |||
Personnel Salary | Employees’ Salary Paid by Keyibangen on behalf of Libeier | 862,659 | |||
Rent | Rent Owed by Libeier to Keyibangen | 75,000 | |||
Sale of Fixed Assets | Sale of Fixed Assets | 3,461,756 | |||
Pre-received Accounts | Keyibangen’s Pre-received Accounts of Then-Current Period | 11,473 | |||
8,541,793 | |||||