Document:

yubo_ex106.htm

  
   EXHIBIT 10.6
  
 CERTAIN PERSONALLY IDENTIFIABLE INFORMATION CONTAINED 
 IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED.
  
 EXCLUSIVE CONSULTING SERVICE AGREEMENT
  
 This Exclusive Consulting Service Agreement (this "Agreement") is made and entered into by and between the following parties on September 11, 2020 in Beijing, PRC. 
  
 Party A: Yubo International Biotech (Chengdu) Limited
 Address: Address: 1201, 12 / F, unit 1, building 2, 368 Tianfu Second Street, Chengdu hi tech Zone
  
 Party B: Yubo International Biotech (Beijing) Limited 
 Address: Room 108, Building 6, 31 Xishiku Street, Xicheng District, Beijing
  
 Each of Party A and Party B shall be hereinafter referred to as a "Party" respectively, and as the "Parties" collectively. 
  
 WHEREAS:
  
 	 1. 
	 Party A is a wholly-foreign-owned enterprise registered in the People's Republic of China ("PRC"), and has the necessary resources to provide technical and business consulting services;

	  
	  

	 2. 
	 Party B is a company with exclusively domestic capital registered in PRC;

	  
	  

	 3. 
	 Party A is willing to provide Party B with relevant exclusive technical services, technical consulting services and other services (as may be specifically defined below) during the term of this Agreement, utilizing its advantages in human resources, technology and information, and Party B is willing to accept such services provided by Party A or Party A's designee (s), each on the terms set forth herein. 

	  
	  

	 Now, therefore, through mutual discussion, the Parties have reached the following agreements:

	  
	  

	 1. 
	 Party A's Services Provision

   
 	  
	 1.1 
	 Party B hereby appoints Party A as Party B's exclusive services provider to provide Party B with complete business support and technical and consulting services during the term of this Agreement, in accordance with the terms and conditions of this Agreement, which may include all services within the business scope of Party B in whole or in part as may be determined from time to time by Party A, such as but not limited to personnel training, technical services, business consultations, intellectual property licensing, equipment or factory building leasing, marketing consultancy, etc. (the "Services"). 

   
 	 
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 	 1.2 
	 Party B is willing to accept all the consultations and services provided by Party A. Party B further agrees that unless with Party A's prior written consent, during the term of this Agreement, Party B shall not accept the same or any similar consultations and/or services provided by any third party regarding matters contemplated by this Agreement. Party A may appoint other parties, who may enter into certain agreements described in Section 1.3 with Party B, to provide Party B with the consultations and/or services contemplated under this Agreement. 

	  
	  

	 1.3 
	 Service Providing Methodology

   
 	  
	 1.3.1 
	 Party A and Party B agree that during the term of this Agreement, they may enter into other technical service agreements or consulting service agreements through any other party designated by each of them, which shall provide the specific contents, manner, personnel, and fees for specific technical services and consulting services. 

	  
	  
	  

	  
	 1.3.2 
	 To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, they may enter into an intellectual property (including, without limitation, software, trademark, patent, know-how) license agreement, which shall permit Party B to use Party A's intellectual property at any time according to the needs of Party B's business. 

	  
	  
	  

	  
	 1.3.3 
	 To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, they may enter into an equipment or plant lease agreement directly or through any other party designated by them, which agreement shall permit Party B to use Party A's relevant equipment or plant buildings according to the business needs of Party B. 

	  
	  
	  

	  
	 1.3.4 
	 Party A may, at its sole discretion, subcontract part of the services provided to Party B under this Agreement to any third party. 

   
 	 2. 
	 Calculation of the Service Fees, Term of Payment, Financial Statements, Audit and Taxes

   
 	  
	 2.1 
	 The Parties agree that in respect to Party A's services provided, Party B shall pay Party A the service fees (the "Service Fees"). The Service Fees under this Agreement shall be determined and paid according to the manner set forth in the separate written agreements reached between Party A and Party B. The Parties agree that in determining the specific amount of the services fees, the following factors shall be taken into consideration: (a) the technical difficulty and complexity of the consultancy and services; (b) the time spent by the employees of Party A for the consultancy and services; (c) the specific content and commercial value of such consultancy and services; (d) the market price of similar consultancy and services; and (e) the operation status of Party B. 

	  
	  
	  

	  
	 2.2 
	 The taxation burden arising from the performance of this Agreement shall be borne by the Parties. 

   
 	 
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 	 3. 
	 Intellectual Property Rights, Confidentiality Clauses

   
 	  
	 3.1 
	 Party A shall have exclusive rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of this Agreement, including but not limited to copyrights, patents, patent applications, trademarks, software, technical secrets, trade secrets and others, whether developed by Party A or Party B. 

	  
	  
	  

	  
	 3.2 
	 The Parties acknowledge that any oral or written information exchanged in connection with this Agreement shall be considered as confidential information. Each Party shall keep all such information confidential and shall not disclose any relevant information to any third party without obtaining the written consent of the other Party, except for the information that: (a) is or will be in the public domain (other than through the receiving Party's disclosure to the public); (b) is required to be disclosed in accordance with applicable laws or rules or provisions of any stock exchange; or (c) is required to be disclosed by any Party to its shareholders, directors, employees, counsels or financial advisors in connection with the transactions contemplated hereby, provided, however, that such shareholders, directors, employees, counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this article. If the staff or agencies engaged by any Party disclose any confidential information, such Party shall be deemed to have disclosed such confidential information and shall bear legal liability for breach of this Agreement. This article shall survive the termination of this Agreement for any reason. 

	  
	  
	  

	  
	 3.3 
	 The Parties agree that this article shall survive change, revocation or termination of this Agreement. 

   
 	 4. 
	 Representations and Warranties

   
 	  
	 4.1 
	 Party A hereby represents and warrants as follows:

   
 	  
	 4.1.1 
	 Party A is a company legally registered and validly existing in accordance with the laws of PRC. 

	  
	  
	  

	  
	 4.1.2 
	 Party A's execution and performance of this Agreement shall be within its corporate capacity and the scope of its business operations; Party A has taken necessary corporate actions and is given proper authorization and has obtained the consent and approval from third parties and government agencies. The execution and performance of this Agreement will not violate any restrictions in law or otherwise binding or having an impact on Party A. 

	  
	  
	  

	  
	 4.1.3 
	 This Agreement constitutes Party A's legal, valid and binding obligation, enforceable in accordance with its terms. 

      
 	 
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	 4.2 
	 Party B hereby represents and warrants as follows:

  
 	  
	 4.2.1 
	 Party B is a company legally registered and validly existing in accordance with the laws of PRC. 

	  
	  
	  

	  
	 4.2.2 
	 Party B's execution and performance of this Agreement is within its corporate capacity and the scope of its business operations; Party B has taken necessary corporate actions and has been given proper authorization and has obtained the consent and approval from third parties and government agencies. The execution and performance of this Agreement will not violate any restriction in law or otherwise binding or affecting Party B. 

	  
	  
	  

	  
	 4.2.3 
	 This Agreement constitutes legal, valid and binding obligation of Party B, and shall be enforceable against it. 

    
 	 5. 
	 Effectiveness and Term of the Agreement

	  
	  

	  
	 This Agreement is signed on the date first above written and shall become effective as of such date. Unless earlier terminated in accordance with the provisions of this Agreement or other agreements separately executed by the Parties, this Agreement shall remain effective. 

	  
	  

	 6. 
	 Governing Law, Dispute Resolution and Change of Law

    
 	  
	 6.1 
	 The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and resolution of disputes arising hereunder shall be governed by the laws of the PRC. 

	  
	  
	  

	  
	 6.2 
	 Any dispute arising from the interpretation and performance of the provisions of this Agreement shall be resolved by the Parties through consultation in good faith. If the Parties fail to agree upon the resolution of a dispute within 30 days after any Party requests to resolve such dispute through consultation, any Party may submit the dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with the Commission's then-effective arbitration rules. The arbitration shall be conducted in Beijing and conducted in the Chinese language. The arbitration award shall be final and binding on both Parties. 

	  
	  
	  

	  
	 6.3 
	 Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement. 

   
 	 
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 	 7. 
	 Indemnification

	  
	  

	  
	 Party B shall indemnify and hold harmless Party A from any losses, injuries, obligations or expenses caused by any lawsuit, claim or other demands against Party A arising from or caused by the consultations and services provided by Party A at the request of Party B, except where such losses, injuries, obligations or expenses arise from willful misconduct of Party A. 

	  
	  

	 8. 
	 Notices

   
 	  
	 8.1 
	 All notices and other communications required or permitted to be given in accordance with this Agreement shall be personally delivered or sent by registered mail, postage prepaid, commercial courier service, facsimile or email to the address of such Party set forth below. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

   
 	  
	 8.1.1 
	 Notices given by personal delivery, courier service or registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the mailing address specified for notices. 

	  
	  
	  

	  
	 8.1.2 
	 Notices given by facsimile or email shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission). 

   
 	  
	 8.2 
	 For the purpose of notices, the addresses of the Parties are as follows:

	  
	  
	  

	  
	  
	 Party A:

	  
	  
	 Address: C1002, building 5, yard 31, Xishiku street, Xicheng District, Beijing

	  
	  
	 Attn: Wang Yanxin

	  
	  
	 E-mail: [*****************]

	  
	  
	 Phone: [*****************]

	  
	  
	  

	  
	  
	 Party B:

	  
	  
	 Address: C1002, building 5, yard 31, Xishiku street, Xicheng District, Beijing

	  
	  
	 Attn: Wang Yanxin

	  
	  
	 E-mail: [*****************]

	  
	  
	 Phone: [*****************]

	  
	  
	  

	  
	 8.3 
	 Any Party may change its mailing address for notices at any time by giving a notice to the other Party in accordance with this article. 

      
 	 
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 	 9. 
	 Assignment

   
 	  
	 9.1 
	 Without Party A's prior written consent, Party B shall not assign its rights and obligations under this Agreement to any third party. 

	  
	  
	  

	  
	 9.2 
	 Party B agrees that Party A may assign its obligations and rights under this Agreement to any third party by giving a prior written notice to Party B but without Party B's consent. In the meantime, Party B shall, in accordance with Party A's requirements, execute relevant agreements with such third party that are satisfactory to Party A to specify the rights and obligations of the related parties. 

   
 	 10. 
	 Severability

	  
	  

	  
	 If one or more of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions hereof shall not be affected or compromised in any respect. The Parties shall strive through consultation in good faith to replace such invalid, illegal or unenforceable provisions with valid provisions to the greatest extent permitted by laws and expected by the Parties, and the economic effect of such valid provisions shall be as close as possible to the economic effect of such invalid, illegal or unenforceable provisions. 

	  
	  

	 11. 
	 Force Majeure

   
 	  
	 11.1 
	 In the case of any force majeure events such as earthquake, typhoon, flood, fire, epidemic, war, riot, hostile action, public disturbance, strike or any other force majeure events that cannot be predicted and are unpreventable and unavoidable by the affected Party (the "Force Majeure") directly resulting in the failure of either Party to perform, completely perform or delay of the performance of this Agreement, the Party affected by such Force Majeure shall not be liable for the failure of either Party to perform this Agreement. However, the affected Party shall give written notice without any delay to the other Party and shall, within fifteen (15) days after sending such written notice, provide the other Party with details of the Force Majeure event and relevant documents evidencing the reasons for such failure, incompleteness or delay in performance. 

    
 	 
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	 11.2 
	 If such Party claiming Force Majeure fails to notify the other Party and furnish it with proof pursuant to the above provision, such Party shall not be excused from its liabilities for failure to perform, failure to fully perform or delay in performance of, its obligations hereunder. The Party so affected by the event of Force Majeure shall use reasonable efforts to minimize the consequences of such Force Majeure and to promptly resume performance hereunder whenever the causes of such excuse are cured. Should the Party so affected by the event of Force Majeure fail to resume performance hereunder when the causes of such excuse are cured, such Party shall be liable to the other Party. 

	  
	  
	  

	  
	 11.3 
	 In the event of Force Majeure, the Parties shall immediately consult with each other to find an equitable solution and shall use all reasonable endeavours to minimize the consequences of such Force Majeure. 

   
 	 12.
	 Amendment and Supplement

	  
	  

	  
	 Any amendments of, and supplements to this Agreement shall be in writing. The amendment agreements and supplementary agreements in connection with this Agreement, which are signed by the Parties, shall be an integral part of this Agreement and shall have the same legal validity as this Agreement. 

	  
	  

	 13. 
	 Entire

	  
	  

	  
	 The Parties confirm that, upon effectiveness of this Agreement, this Agreement constitutes the entire agreement and understanding between the Parties with respect to the content hereof and completely supersedes any prior oral and/or written agreements and understanding with respect to the content hereof between the Parties. 

	  
	  

	 14. 
	 Language and Counterparts

	  
	  

	  
	 This Agreement is written in Chinese in two (2) counterparts, with each Party holding one copy. They shall have the same legal effect. 

   
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 IN WITNESS WHEREOF, the Parties have executed this Exclusive Consulting Service Agreement as of the date first above written. 
  
 Party A: Yubo International Biotech (Chengdu) Limited
  
 By:
  
 Name: Wang Jun
  
 Title: Legal Representative
  
 Party B: Yubo International Biotech (Beijing) Limited 
  
 By:
  
 Name: Wang Jun
  
 Title: Legal Representative
  
 	 
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EXHIBIT 10.7
  
 CERTAIN PERSONALLY IDENTIFIABLE INFORMATION CONTAINED IN
 THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED.
   
 Entrustment Technical Service Agreement
  
 This Entrustment Technical Service Agreement (this “Agreement”) is made by and between the following two parties on February 27, 2020 in Beijing:
  
 Party A: Yubo International Biotech (Beijing) Limited 
  
 Address: Building 5, Yard 31, Xishiku Street, Xicheng District, Beijing
  
 Legal Representative: Jun Wang
  
 Party B: Beijing Zhenhuikang Biotechnology Co., Ltd. 
  
 Address: Room 202, 2/F, Building 23, No. 31, Xishiku Street, Xicheng District, Beijing
  
 Legal Representative: Yulin Cao
  
 Party A and Party B shall be referred to individually as a “Party” and collectively as the “Parties”. 
  
 According to relevant laws and regulations of the People’s Republic of China, and adhering to the principle of equality and mutual benefits, the two parties enter into this Agreement through friendly consultation for, intending to be legally bound by. 
   
 	 
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 1. Entrusted Matters
  
 To bring into full play the resources and technical advantages of the Parties, Party B accepts Party A’s entrustment and provides Party A with the following technical services:
  
 	 1.
	 Customized service for endometrial stem cell harvesting package;

	  
	  

	 2.
	 Endometrial stem cell preparation and management of exclusive endometrial stem cell bank (public bank);

	  
	  

	 3.
	 Technical services for endometrial stem cell application preparation.

  
 2. Entrustment Fees and Payment Method
  
 	 1.
	 Customized service for endometrial stem cell harvesting package: RMB718 for each set. Customized period is 30 working days. First order is 300 sets and each order no less than 200 sets thereafter. Within [3] business days after Party A provides Party B with a reserved order, Party A shall prepay 70% of the total price of the sampling package. The remaining 30% of the total price of the sampling package shall be paid off before shipment. The delivery date by Party B shall be no later than [30] business days after Party A provides the reserved order. In case of any quality problem with the sampling package provided by Party B, it shall be returned and replaced unconditionally as required by Party A. In case of repeated collection is required due to Party B’s cause, Party B shall bear the expenses of repeated collection; Party A shall bear the expenses related thereto if such repeated collection is not caused by Party B.

	  
	  

	 2.
	 Entrusted cell preparation and public library management expenses: mainly used for endometrial stem cell preparation and public library management expenses: mainly used for endometrial stem cell preparation expenses for each person and public library management expenses (Note: standard for public library cell storage is P2 generation, qualified donor cells are 100 million cells in total and stored in 10 frozen storage tubes). The total settlement price of sample preparation fee for each person and 5-year public library management fee is RMB9,282 (of which the sample preparation cost is RMB8,282, and public library management fee is RMB200/year). All samples shall be prepaid, meaning that Party B shall receive the samples and start the preparation after receiving the full payment amount. When the market price cost fluctuates, both parties shall timely negotiate to adjust the preparation cost. After 5 years, the whole shall be handed over to Party A for management.

   
 	 
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 	 3.
	 Preparation expenses of endometrial stem cell application: if the seed cells are needed to be extracted from public library and expanded into working cell (P2-P5), the expansion expense standard is: RMB3,500/1x10 * 7 cells; the scheduled expansion period shall be no less than 15 working days and the expansion shall be started after being paid in full amount in advance. Once the expansion is started or the cells are abandoned for reasons attributable to Party A, the expenses shall not be refunded.

	  
	  

	  
	 Bank account information of Party B:
  
 Account Name: Beijing Zhenhuikang Biotechnology Co., Ltd. 
  
 Bank: Beijing West Railway Sub-branch of China Merchants Bank Co., Ltd. 
  
 Account Number: [******************]

	  
	  

	 If Party B changes the bank account or other receiving information, Party B shall immediately inform Party A. 

   
 3. Rights and obligations between the parties
  
 	 1.
	 Party A shall be responsible for providing endometrial blood samples and shall have the right to fetch and dispose of such samples and prepare stem cells from the samples at any time. The ownership of the endometrial blood samples and stem cells prepared and stored by Party B shall not be transferred as a result of this Agreement.

	  
	  

	 2.
	 Party A has the right to determine whether or not to continue to perform this Agreement in light of the work status of Party B and to pay the commission fees.

	  
	  

	 3.
	 Party B warrants that it is a legally existing entity and has obtained the necessary qualifications and licenses to engage in all the matters entrusted hereunder. Party B warrants that all actions taken during the performance of this Agreement are in compliance with laws, regulations, rules, industry norms and ethics.

	  
	  

	 4.
	 Party B shall conscientiously, prudently and properly complete the preparation and storage of endometrial stem cells as well as the establishment and maintenance of exclusive endometrial stem cell banks.

  
 	 
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 	 5.
	 Party B shall assist Party A with work in relation to the entrusted matters, such as collecting and transportation of endometrial blood samples.

	  
	  

	 6.
	 Without Party A’s prior written permission, Party B shall not entrust the preparation, storage of stem cells and relevant matters hereunder to a third party.

  
 4. Default liability
  
 	 1.
	 Either party’s breach of any provisions herein or failure to perform its obligations hereunder shall constitute a default, which shall entitle the non-defaulting party to request the defaulting party to immediately terminate such default or rectify such default with a reasonable period of time and to request the defaulting party to indemnify for the actual damages and costs caused of the non-defaulting party due to the default behavior.

	  
	  

	 2.
	 If any party conducts any material breach of any agreement made under this Agreement, or fails to substantially perform its obligations under this Agreement, and fails to rectify or remedy such default with a reasonable period of time or within seven (7) days of non-defaulting party’s written notice requesting for such rectification or remedy, the non-defaulting party has the right to terminate this Agreement immediately with a written notice and request the defaulting party to fully compensate all damages of the non-defaulting party.

  
 5. Dispute Resolution
  
 Any disputes in connection with the performance of this Agreement shall be settled by both parties through friendly negotiation. If such consultation fails, either Party may file a lawsuit in a people’s court in the locality of Party A. 
  
 6. Confidentiality
  
 Without Party A’s prior written consent, Party B shall not disclose, transfer or permit any third party to disclose, use or transfer the contents of this Agreement, information exchanged for the purpose of drafting this Agreement, and any data, file, information and reports learned, obtained or produced during the performance of this Agreement (collectively, the “Confidential Information”). Party B may disclose the Confidential Information only to its appropriately qualified employees, provided that such disclosure is necessary for Party B to perform its obligations hereunder and cause such employees to agree to assume the same or stricter confidentiality obligations as those contained hereunder. If any disclosure of the Confidential Information is caused by the personnel of Party B, it shall be deemed as the disclosure of Confidential Information by Party B, for which Party B shall be responsible for compensation. The confidentiality obligations set forth in this Article shall survive the termination of this Agreement. 
   
 	 
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 7. Miscellaneous
  
 	 1.
	 For matters that are not covered herein, the two parties shall negotiate separately and the supplementary agreement shall be equally valid with this Agreement.

	  
	  

	 2.
	 This Agreement shall become effective upon being signed and sealed by both parties.

	  
	  

	 3.
	 This Agreement contains two original copies; these copies are held by both parties. Both the signed copies of this Agreement are legally valid.

  
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 This page is the signature page to the Entrustment Technical Service Agreement. 
  
  
 Party A: Yubo International Biotech (Beijing) Limited (Seal)
  
 Legal Representative: Wang Jun
  
 Party B: Beijing Zhenhuikang Biotechnology Co., Ltd. (Seal)
  
 Legal Representative: 
   
 	 
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 Supplementary Agreement of Entrustment Technical Service
  
 Agreement for Endometrial Stem Cell Project
  
 Party A: Yubo International Biotech (Beijing) Limited 
  
 Address: Building 5, Yard 31, Xishiku Street, Xicheng District, Beijing
  
 Legal Representative: Jun Wang
  
 Party B: Beijing Zhenhuikang Biotechnology Co., Ltd. 
  
 Address: Room 202, 2/F, Building 23, No. 31, Xishiku Street, Xicheng District, Beijing
  
 Legal Representative: Yulin Cao
  
 	  
	 1.
	 According to the market demand of Party A, both parties agreed to adjust the original special collection package through communication. Due to the change in the price of consumables, Party A and Party B agreed to change the service content “customized service of endometrial stem cell collection kit” in Article 2 “entrustment fee and payment method” signed on February 27, 2020 from 718 yuan per set to 666 yuan per set.

	  
	  
	  

	  
	 2.
	 Other contents in the original Entrustment Technical Service Agreement shall remain unchanged.

	  
	  
	  

	  
	 3.
	 This supplementary agreement has the same legal effect as the original entrustment technical service agreement.

	  
	  
	  

	  
	 4.
	 This agreement is made in two copies, one for each party, with the same legal effect.

	  
	  
	  

	  
	 (The remainder of this page is intentionally left blank)

   
 	 
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 This page is the signature page to the Entrustment Technical Service Agreement. 
  
  
 Party A: Yubo International Biotech (Beijing) Limited (Seal)
  
 Legal Representative: Wang Jun
  
 2020.07.02
  
 Party B: Beijing Zhenhuikang Biotechnology Co., Ltd. (Seal)
  
 Legal Representative: Bai Zhihui
  
 2020.07.02
  
 Signature Page to Entrustment Technical Service Agreement
  
 	 
	8

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