Cooperation Agreement


 


Party A: Anshan Easy Health Technology
Development Co,. Ltd.


Party B: Fuzhou Fobes Medical Devices Development
Co., Ltd.


 


Pursuant to “Contract Law of People’s
Republic of China” and other relevant laws and regulations, abiding by the principle of fairness,
voluntariness, good faith and mutual benefits, the parties agree on the following sections regarding the purchase of the
TDS health diagnosis instrument through friendly negotiations:


 


Section 1: Party B is a manufacture of
health diagnosis instrument and is completely capable of producing, as per Party A’s request, the large size TDS health diagnosis
instrument (TDS hologram dynamic monitor integrated machine) and portable TDS health diagnosis instrument (portable TDS hologram
dynamic health diagnosis).


 


Section 2: The term of the Agreement shall
be five year starting from May 29, 2012 to May 28, 2017. After the Agreement term is over, Party A shall firstly consider to choose
Party B as its supplier of health diagnosis instrument.


 


Section 3: Quality Requirement of products
(technology standard)


The TDS health diagnosis instrument Party
B supplies shall meet the standard of products, namely, < health diagnosis instrument> YZB/Min 0057-2003.


 


Section 4: Purchase Price


For a long term cooperation, mutual development,
the parties agree that Party A purchases Party B the large size TDS health diagnosis instrument at 20,000 RMB Yuan/per set and
portable TDS health diagnosis instrument at 2,000 RMB Yuan/ per set. If the price of raw materials increases, and it is necessary
to adjust the purchase price, the two parties shall negotiate on adjusting the price.


 


Section 5: Minimum amount of purchase


Within the term of the agreement, the minimum
amount of purchase by Party A in 2012 shall be 500,000 RMB Yuan; 1 million RMB Yuan in 2013 and 1.5 million RMB Yuan in each year
from 2014 to 2016.


Payment shall be remitted to the account
designated within 30 days of delivery in the way of telegraphic transfer.


 


Section 6: Warranty liability


The warranty period is 5 years. Party B
shall repair or change the products unconditionally and may not affect the use of the product of Party A if the products have defects.


 


Section 7: Date and Place of delivery


the specific date, place and amount of
delivery will be stipulated otherwise.


 



    	 



    	 



    

 


Section 8: Acceptance Standard and method


Acceptance standard: < health diagnosis
instrument> YZB/Min 0057-2003.


Inspection Method: random inspection.


 


Section 9: Liabilities for Breach of Contract


If a party fails to perform its obligations
under any section of the Agreement, it shall bear the liabilities for breach of contract and pay the injured party the damages
and the loss, the amount of which payable shall be equivalent to the other party‘s loss resulting from the breach, including
any benefit that may be accrued from performance of the contract. The damages is 10% of the total amount of purchase in previous
year.


 


Section 10: Conditions for termination
of the agreement:


i. the term of the agreement is over and
the agreement is not renewed;


ii. the two parties agree on the termination
of the agreement in advance;


iii. the other party doesn’t perform
the agreement, therefore the purpose of the agreement is frustrated; and


iv. force majeure frustrates the purpose
of the agreement.


 


Section 11: Mode of Dispute Resolution


Both parties hereto shall firstly solve
all contractual disputes through friendly consultation. In case of failure to solve such disputes through consultation, both parties
may file a lawsuit to the people’s courts having the jurisdiction.


 


Section 12: The agreement is made in duplicate,
with each of Party A and Party B holding one (1) copy. The agreement goes effective on the date of execution of agreement.


 


Party
A: Anshan Easy Health Technology Development Co,. Ltd. (seal)


Legal
Representative: Song Gu (signature) /s/ Song Gu


 


Party
B: Fuzhou Fobes Medical Devices Development Co., Ltd. (seal)


Legal
Representative: Yuhua Liu (signature) /s/ Yuhua Liu


 


Date of execution: May 29, 2012


Place of execution: Anshan City