Document:

Unassociated Document

    
      Exhibit
10.36

      

      Sales
Agreement

      

      

      Party A:
Panshi Hospital

      

      Party B:
Changchun Yongxin Dirui Medical Co., Ltd.

      

      This
Sales Agreement (the “Agreement”) is entered into by and between Party A and
Party B in connection with sales of pharmaceuticals.

      

      
        	
                I.  

              	
                General
      Provisions

              

      

      

      
        	
                1.  

              	
                Party
      A agrees to purchase pharmaceuticals from Party B of an amount of at least
      RMB15 million during the contract year (an estimated amount of RMB1.25
      million per month; the monthly purchase amount shall be no less than RMB 1
      million).

              

      

      

      
        	
                2.  

              	
                Party
      A shall pay for the first month’s purchase amount starting from the 6th
      month from the beginning of the contract year. Accounts receivable from
      Party A shall at no time exceed RMB 6 million in total. Accounts
      receivable in any given month shall not exceed RMB 1.2
      million.

              

      

      

      
        	
                II.  

              	
                Representations
      of Parties

              

      

      

      
        	
                1.  

              	
                Party
      B shall supply drugs to Party A according to the Hospital’s Drug Schedule
      provided by Party A.

              

      

      

      
        	
                2.  

              	
                Party
      B shall guarantee that drugs sold to Party A are genuine and qualified
      drugs that are in accordance with national standards and applicable laws
      and regulations.

              

      

      

      
        	
                3.  

              	
                The
      sales price of drugs will be further determined through joint agreement
      between the parties based on the
following:

              

      

      
        	
                ·  

              	
                Bidding
      price; or

              

      

      
        	
                ·  

              	
                Market
      price, with a discount applied to drugs that are not subject to
      bidding

              

      

      

      
        	
                4.  

              	
                Party
      A will place one or two orders with Party B per week. Party B shall
      deliver the ordered products within 3 days after receipt of the
      order.

              

      

      

      
        	
                5.  

              	
                Party
      B shall provide Party B with invoices, inventory checklists and product
      inspection reports upon delivery of products. If Party B cannot provide
      the invoice upon delivery, it shall send the invoice to Party A by the end
      of the month during which the delivery was
made.

              

      

      

      
        	
                6.  

              	
                Party
      A shall inspect the products immediately upon receipt of delivery and may
      claim returns for any defective products discovered in the inspection.
      Party B shall not accept returns if Party A accepts the products after
      inspection and discovers problems after the products are placed in storage
      by Party A.

              

      

      

      
        	
                7.  

              	
                Party
      A and Party B shall verify the sales books and records before the 10th day
      of every month and shall correct any errors or discrepancies as soon as
      possible.

              

      

      

      
        	
                8.  

              	
                Party
      A shall claim any return of products within 6 months before the expiration
      date of such products.

              

      

      

      
        	
                9.  

              	
                If
      Party A fails to claim a return within the above mentioned time period,
      Party B shall help Party A contact the manufacturer in good faith and
      claim a return, and Party A shall bear any loss in the event that no
      return is accepted by the
manufacturer.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                10.  

              	
                Party
      A shall notify Party B of any quality related issues for the products.
      Party B shall contact the supplier or manufacturer of such products and
      clarify the liabilities of all parties. However, Party A shall be liable
      for any damages that are resulted from misuse or improper storage of
      products by Party A.

              

      

      

      
        	
                11.  

              	
                Party
      A’s purchase amount shall be no less than the amount set forth in the
      Agreement. If Party A’s monthly purchase is less than the stipulated
      amount, the amount of the shortfall shall be rolled over to the next
      month.

              

      

      

      
        	
                12.  

              	
                During
      the five months preceding the expiration date of this Agreement, Party A’s
      monthly purchase amount shall be no more than the average monthly purchase
      amount during the contract year.

              

      

      

      
        	
                III.  

              	
                Rights
      and Obligations

              

      

      

      
        	
                A.  

              	
                Rights
      and Obligations of Party A

              

      

      

      
        	
                1.  

              	
                Party
      A has the right to make or amend the Hospital’s Drug Schedule at its own
      discretion;

              

      

      
        	
                2.  

              	
                Party
      A has the right to request expedite delivery of
  products;

              

      

      
        	
                3.  

              	
                Party
      A has the right to assess the quality of products sold by Party
      B;

              

      

      
        	
                4.  

              	
                Party
      A has the obligation to pay on time;
and

              

      

      
        	
                5.  

              	
                Party
      A has the obligation to fulfill the monthly purchase
  quota.

              

      

      

      
        	
                B.  

              	
                Rights
      and Obligations of Party B

              

      

      

      
        	
                1.  

              	
                Party
      B has the right to require Party A to pay on
  time;

              

      

      
        	
                2.  

              	
                Party
      B has the obligation to guarantee the amount of products
      supplied;

              

      

      
        	
                3.  

              	
                Party
      B has the obligation to guarantee the quality of products
      supplied;

              

      

      
        	
                4.  

              	
                Party
      B has the obligation to provide satisfactory pre-and-after-sales services;
      and

              

      

      
        	
                5.  

              	
                Party
      B has the obligation to prohibit its sales persons from improper
      advertising.

              

      

      

      
        	
                IV.  

              	
                Payment

              

      

      

      
        	
                1.  

              	
                Party
      A shall start paying for the first month’s purchase from the sixth month
      from the beginning of the contract
year.

              

      

      

      
        	
                2.  

              	
                If
      accumulated accounts receivable exceeds the stipulated amount, Party A
      shall start paying for the outstanding payments according to sequence in
      which the orders were made giving rise to the
  receivables.

              

      

      

      
        	
                3.  

              	
                Payment
      is due at the earlier of the two times mentioned
  above.

              

      

      

      
        	
                V.  

              	
                Breach
      of Agreement

              

      

      

      
        	
                1.  

              	
                If
      either party breaches any term or condition under this Agreement, the
      non-breaching party shall have the right to terminate this
      Agreement;

              

      

      

      
        	
                2.  

              	
                Any
      dispute arising from the performance of this Agreement shall be resolved
      through consultation between the parties. If no resolution can be reached
      through consultation, the parties may submit the dispute to a court of law
      at the location of Party B.

              

      

      

      
        	
                3.  

              	
                If
      Party A fails to fulfill the purchase quota for two consecutive months, or
      Party A fails to pay an amount due for more than 20 days, it shall be
      deemed a breach of this Agreement by Party A. Under this circumstance,
      Party B has the right to immediately terminate the Agreement by written
      notice.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                4.  

              	
                If
      any terms or conditions under this Agreement disagree with or conflict
      with any Medical Reform Policies issued by the government, this Agreement
      shall terminate. Under such circumstance, the parties agree to consult
      with one another in order to resume business in a manner that conforms
      with the government’s policies.

              

      

      

      
        	
                5.  

              	
                If
      Party A fails to make payment on time, Party B has the right to charge a
      late fee equivalent to 5‰ of the overdue amount per
  day.

              

      

      

      
        	
                VI.  

              	
                The
      parties may enter into supplemental agreement for any unsettled matters
      under this Agreement. The supplement agreement, if any, shall have the
      same legal effect as this
Agreement.

              

      

      

      
        	
                VII.  

              	
                This
      Agreement is effective for 3 years, from July 2009 to July
      2012.

              

      

      

       

      
        	
                VIII.  

              	
                This
      Agreement shall be executed in three duplicate originals. Party A shall
      hold one duplicate original; Party B shall hold two duplicate originals.
      Each duplicate original shall have the same legal
  effect.

              

      

      

      
        	
                IX.  

              	
                This
      Agreement shall become effective upon execution of both
      parties.

              

      

       

      

      

      
        
          	
                  Party
      A:

                	
                  /s/
      [name of signing representative]

                

        

        Panshi
Hospital (corporate seal)

        

        
          	
                  Party
      B:

                	
                  /s/
      Yongxin Liu

                

        

        Changchun
Yongxin Dirui Medical Co., Ltd. (corporate seal)

        

        Dated:
July 2009Unassociated Document

     

    
      Exhibit
10.37

      

      Distribution
Agreement

      

      

      
        	
                Party
      A: 

              	
                Changchun
      Yongxin Dirui Medical Co., Ltd.

              

      

      Address:
2152 Nanhuan Rd., Changchun, Jilin Province.

      

      
        	
                Party
      B: 

              	
                Tonghua
      Tianxiang Pharmaceutical Co., Ltd.

              

      

      

      

      This
Distribution Agreement (the “Agreement”) is entered into by and between Party A
and Party B pursuant to the Contract Law of the People’s Republic of
China.

      

      
        
          	  	
                  I.

                	
                  Term
      of Agreement

                

        

      

      

      This
Agreement is effective from ______ to ______.

      

      
        
          	 	
                  II.

                	
                  General
      Provisions

                

        

      

      

      
        
          	
                	
                  1. 

                	
                  Party
      A hereby authorizes Party B to act as distributor to distribute in the
      Tonghua area Party A’s products listed in the Distribution
      Schedule.

                

        

      

      

      
        
          	
                	
                  2. 

                	
                  The
      parties agree that during the agreement term Party B is expected to
      purchase from Party A the above said products of an amount of RMB 2.5
      million. Monthly purchase amounts are as
  follows:

                

        

      

      

      
        	
                Month

              	
                Jan

              	
                Feb

              	
                March

              	
                Apr

              	
                May

              	
                Jun

              	
                Jul

              	
                Aug

              	
                Sep

              	
                Oct

              	
                Nov

              	
                Dec

              
	
                RMB
      (in thousands)

              	
                -

              	
                -

              	
                -

              	
                260

              	
                280

              	
                280

              	
                280

              	
                280

              	
                280

              	
                280

              	
                280

              	
                280

              

      

      

      
        
          	  	
                  3. 

                	
                  The
      parties may set up special price
terms.

                

        

      

      

      
        
          	  
    	
                  4. 

                	
                  The
      parties may enter into another separate agreement regarding the return of
      products.

                

        

      

      

      
        
          	  	
                  III. 

                	
                  Payment

                

        

      

      

      
        
          	
                	
                  1. 

                	
                  Party
      B shall make payment by check or money order within 3 days upon receipt of
      an invoice. Party B shall not pay cash unless otherwise agreed by Party
      A.

                

        

      

      

      
        
          	
                	
                  2. 

                	
                  Party
      A shall pay Party B a sales commission of 1% of each order amount. Upon
      the expiration of the agreement term, Party A shall grant a bonus to Party
      B as follows:

                

        

      

      

      
        
          	  	
                  (1) 

                	
                  If
      Party B pays by money order, upon the expiration of this Agreement, Party
      B is entitled to:

                

        

      

      

      
        	
                (a)  

              	
                Bonus
      of 1.5% of the total purchase amount, if the total purchase is higher than
      80% of the agreed amount.

              

      

      
        	
                (b)  

              	
                Bonus
      of 1% of the total purchase amount, if the total purchase is higher than
      60% but lower than 80% of the agreed
amount.

              

      

      
        	
                (c)  

              	
                No
      bonus, if the total purchase is lower than 60% of the agreed
      amount.

              

      

      

      
        
          	  
    	
                  (2) 

                	
                   If
      Party B pays by check, upon the expiration of this Agreement, Party B is
      entitled to:

                

        

      

      

      
        	
                (a)  

              	
                Bonus
      of 2% of the total purchase amount, if the total purchase is higher than
      80% of the agreed amount.

              

      

      
        	
                (b)  

              	
                Bonus
      of 1% of the total purchase amount, if the total purchase is higher than
      60% but lower than 80% of the agreed
amount.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
      

      
        	
                (c)  

              	
                No
      bonus, if the total purchase amount is lower than 60% of the agreed
      amount.

              

      

      

      
        
          	  
    	
                  3. 

                	
                  If
      Party B fails to pay the purchase price on time, Party A shall charge a
      late fee of 0.05% of the overdue amount per
day.

                

        

      

      

      
        
          	  
    	
                  IV. 

                	
                  Rights
      and Obligations of Party A

                

        

      

      

      
        
          	  	
                  1. 

                	
                  Party
      A has the right to require Party B to provide any documentation on Party
      B’s qualifications as drug distributor and has the obligation to provide
      the qualification documentation of Party A to Party
  B.

                

        

      

      

      
        
          	  	
                  2. 

                	
                  Party
      A shall provide assistance to Party B on marketing and advertising
      activities.

                

        

      

      

      
        
          	  	
                  3. 

                	
                  The
      purchase price quoted on Party A’s online pricing system will be final
      once Party B confirms.

                

        

      

      

      
        
          	  	
                  4. 

                	
                  Party
      A shall deliver products within 3 days upon receipt of an order, except in
      occurrence of a force majeure event or notified otherwise by Party
      A.

                

        

      

      

      
        
          	  	
                  5. 

                	
                  If
      Party B fails to fulfill the agreed purchase amount for three consecutive
      months, or if Party B’s quarterly sales are lower than 50% of the agreed
      purchase amount, Party A has the right to cancel the bonus or terminate
      the Agreement.

                

        

      

      

      
        
          	  	
                  6. 

                	
                  Party
      A has the right to request payment from Party B. If Party B fails to pay
      on time, Party A shall have the right to cancel the bonus or charge a late
      fee.  If Party B is materially delinquent, Party A may bring a
      lawsuit against Party B for failure to make
  payment.

                

        

      

      

      
        
          	  	
                  V. 

                	
                  Duties
      and Obligations of Party B

                

        

      

      

      
        
          	  	
                  1. 

                	
                  Party
      B has the obligation to provide Party A with licenses and permits
      necessary for drug distribution and has the right to require Party A to
      provide qualification
documentation.

                

        

      

      

      
        
          	  	
                  2. 

                	
                  Party
      B has the right to request Party A’s payment of an earned bonus within 15
      days of the issuance of invoices. If Party A fails to pay a bonus on time,
      Party A shall pay damages in the amount of 10% of the
    bonus.

                

        

      

      

      
        
          	  	
                  3. 

                	
                  Party
      B has the right to reject products that are not included in the
      order.

                

        

      

      

      
        
          	  	
                  4. 

                	
                  Party
      B shall coordinate with Party A on advertising and promoting
      activities.

                

        

      

      

      
        
          	  	
                  5. 

                	
                  Party
      B shall complete all payments on the expiration date of this Agreement,
      which is _______.

                

        

      

      

      
        
          	  	
                  6. 

                	
                  If
      Party B sells the products at any price other than the price set by Party
      A, Party B shall be liable for breach of this Agreement and shall pay
      damages of 1% of the agreed purchase amount and other damages caused to a
      third party.

                

        

      

      

      
        
          	  	
                  7. 

                	
                  Whenever
      Party B changes its authorized representative, it shall notify Party A in
      writing. Any damage caused by untimely notification of a change in the
      authorized representative shall be undertaken by Party
  B.

                

        

      

      

      
        
          	  	
                  VI. 

                	
                  Miscellaneous

                

        

      

      

      
        
          	  	
                  1. 

                	
                  Party
      A shall deliver products via ground shipping to the location designated by
      Party B.

                

        

      

      

      
        
          	  	
                  2. 

                	
                  Party
      B shall check the name, size, quantity and packaging of the products upon
      receipt of the delivery and sign the
order.

                

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          	  	
                  VII. 

                	
                  Dispute
      Resolution

                

        

      

      

      Any
dispute arising from the performance of this Agreement or from any matter
unsettled under this Agreement shall be resolved through negotiation between the
parties. If the dispute or unsettled matter cannot be resolved through
negotiation, the parties may submit the dispute or unsettled matter to a court
of law at Party A’s location.

      

      
        
          	  	
                  VIII. 

                	
                  [reserved]

                

        

      

      

      
        
          	  
    	
                  IX. 

                	
                  Any
      supplemental agreement to this Agreement, if any, shall have the same
      effect as this Agreement.

                

        

      

       

      
        
          	  	
                  X. 

                	
                  This
      Agreement shall be executed into three duplicate originals. Party A shall
      hold two duplicate originals; Party B shall hold one duplicate original.
      This Agreement shall become effective upon execution of both
      parties.

                

        

      

      

       

      
        	
                Party
      A: 

              	
                Changchun
      Yongxin Dirui Medical Co., Ltd. (corporate
seal)

              

      

      

      
        	
                Party
      B: 

              	
                /s/
      [signature of authorized
representative]

              

      

      Tonghua
Tianxiang Pharmaceutical Co., Ltd. (corporate seal)

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