China Biologic Products, Inc.: Exhibit 10.12 - Prepared by TNT Filings
Inc.




       




Exhibit 10.12 


Asset Purchase Agreement 

(Translated Version) 


Party A: Zhang Qiu An Tai Plasma Collection Co., Ltd (Zhang
Qiu Plasma Comany) 

Party B: Zhang Qiu Plasma Collection Station 

According to Ministry of Health and the 9 other ministries
and commissions jointly issued notice (Wei Yi Fa (2006) No. 118) regarding
<Measure on the Transformation of Plasma Collection Station (Lu Wei Yi Zi (206)
No.68)>, and the approval document issued by Shandong Health Department
regarding <Agreement on Shandong Missile Biological Co Ltd to acquire plasma
collection station in Shandong Province>, both parties has mutually agreed to
enter into a plasma station assets transfer contract for the benefit of the
Provincial development on plasma products and health industry, for the stability
of personnel and for the long term development of plasma collection station. 

1.    
Party B agrees to transfer a part of whole asset (including fourteen equipments
of labouratory, seventy five machines of collection plasma, four automobiles,
thirty five computers and printers, three refrigerators and so on) of plasma
station to Party A at one time. The transfer price will be RMB 4,618,517.69.
(attached valuation report and capital schedule prepared by Jinan Yong Sheng
Property Appraisal Co. Ltd.) 

2.    
Party A agrees to remit the amount to the account designated by Party B within
seven days of signing this Agreement. 

3.    
Party A shall use the transferred assets for operation of plasma collection
business. In order for Party A to operate the plasma collection business, Party
B shall execute the assets transfer procedure within 15 days after receiving
transfer proceed from Party A. Party B shall assist Party A to transfer or
obtain necessary license under the name of Party A. 

4.    
Party B agrees to lease the land, property and relevant facilities to Party A on
negotiated price. 

5.    
Party A agrees to retain all Party B’s management and workers, and guarantee no
adverse adjustment on the wages and benefit. With further development of Plasma
Company, Party A agreed to implement corporate governance and shall comply with
relevant labor law to sign employment contract and responsible for social
insurance. 




6.    
Party A shall manage the station strictly in accordance with the requirement of
"Regulation of Plasma Products", "GMP", and "Basic Standard of Plasma Collection
Station" issued by State Council and ensure the health and safety of the plasma
donors, plasma quality and the lawful operation of the station. 

7.    
To guarantee stable transition and normal operation of plasma operations, Party
A shall continue to appoint the current management team. 

8.    
Party A shall willingly accept the supervision and administration of the local
health administrative department. Party B shall coordinate the affairs with
local government departments at all levels and seek the support and help from
them. 

9.    
Party B shall be responsible to obtain various preferential terms based on the
investment policy from the local government. 

10.  
Parties hereto may solve matters not mentioned herein through negotiation. 

11.   
This agreement shall effective on the day when signed and chopped by legal
representative of both Parties. 

12.   
Each party shall hold one set of the agreement. 

Party A: Zhang Qiu An Tai Plasma Collection Co., Ltd 

Party B: Zhang Qiu Plasma Collection Station 

December 31, 2006