Document:

Exhibit 10.2

 

Summary Translation of Lease Agreement

 

Party A: Beijing De-haier Technology Co. Ltd. (hereinafter referred as “Party A”)

Party B: Beijing Dehaier Medical Technology Co., Ltd. (hereinafter referred as “Party B”)

 

Party A and Party B have achieved mutual agreements on the following items:

 

I Location

 

Party A agrees to lease space at 45 Yong An Road, Science Park, Changping District Beijing (102200) to Party B, with a total rentable area of 1,800 square meters.

 

II Leasing Period

 

The leasing period is from October 1, 2010 to September 30, 2012.

 

III Rent

 

The monthly rent is RMB 20,000 (Renminbi Twenty Thousand Yuan).

 

IV Type of payment

 

1. The rent should be paid monthly by cash or check.

 

2. Without Party A’s agreement, if Party B does not pay the rent in this agreement as scheduled, Party B should pay a late fee of 30% of the payment in arrears, while Party A has the right to stop providing property service and facilities to Party B. If Party B makes payment more than 10 days after due, Party B will be considered to have breached this agreement, and Party A will have the right to terminate this contract and retake the leased space.

 

V Renewal

 

Party A should send a request letter of renewal to Party B before the expiration of the lease. If Party B agrees to re-let the premises, the two parties shall sign a renewal agreement 2 months before the expiration date. Party B has the priority to renew the lease. After the due date, this agreement will be terminated.

 

VI Lease expiration

 

If Party B does not renew the lease after the due date, it should move away from the leased address mentioned above. If Party B defaults on its rent or delays financial settlement, it will be charged with doubled daily rent per day.

 

VII During the contract period, the two parties should not sublet or subcontract the apartment mentioned above. Such actions will be considered a violation of this agreement.

 

VIII Special agreements

 

1. Party A provides a standard office with normal water supply, power supply, heating and property service. Party B should always negotiate with Party A for fitting-out works.

 

2. The two parties will not bear any cost of damages due to force majeure.

 

3. Any amendments to this agreement will require the consent of both parties.Exhibit 10.4

Sales Agency Agreement

This Agreement is entered into between the parties concerned on the basis of equality and mutual benefit to develop business on terms and conditions mutually agreed upon as follows:

	
  

	
1.

	
Contracting Parties

Supplier hereinafter called “party A”

IMD China Co., Ltd.

Address:

1-2 Floor Building 12, No. 28 Yuhua Road, Area B. Beijing Tianzhu Airport Industrial Zone, Beijing China

Agent hereinafter called “party B”

Beijing DeHaier Medical Technology Co., Ltd.

Address:

1223 Epoch  Center 31 Zizhuyuan Road, Haidian District, Beijing, China

IMD

Beijing DeHaier to act as IMD’s exclusive agent for range of products specified.

	
  

	
2.

	
Name of device

Mobile C-arm X-ray Unit

Model

RADIUS S9 RADIUS R9

Quantity

50

It is mutually agreed that Party B shall undertake to sell not less than USD 2 million of the aforesaid commodity in the duration of this Agreement.

	
  

	
3.

	
Territory

Mainland China

	
  

	
4.

	
Confirmation of Orders

The quantities, prices and shipments of the commodities stated in this Agreement shall be confirmed in each transaction the particulars of which are to be specified in the Sales confirmation agreed by the two parties hereto.

	
  

	
5.

	
Payment

After confirmation of the order, Beijing Dehaier shall arrange the payment to Party A by check during the required time in the confirm letter so that Party A can get prepared for delivery.

 

  

  

  

	
  

	
6.

	
Validity of Agreement

This Agreement after its being signed by the parties concerned, shall remain in force for One year from January 1, 2011 (date) to January 1, 2012 (date). If either Party wishes to extend this Agreement, he shall notice, in writing, the other party one month prior to its expiration. The matter shall be decided by the agreement and by consent of the parties herto. Should either party fail to implement the terms and conditions herein, the other party is entitled to terminate this Agreement.

	
  

	
7.

	
Other Terms & Conditions

Party A Shall not supply the contracted commodity to any other buyer (s) in the above mentioned territory. Direct enquiries, if any, will be referred to Party B. However, should any other buyers wish to deal with Party A directly, Party A may do so.

Should Party B fail to pass on his orders to Party A in a period of 6 months for a minimum of USD500,000. Party A shall not bind himself to this Agreement.

This Agreement shall be subject to the terms and conditions in the Sales Confirmation signed by both parties hereto.

This Agency Agreement is executed in two counterparts each in Chinese and English, each of which shall be deemed equally authentic. This Contract is in one copy effective since being signed sealed by both parties.

	Party A: 	
/s/ Zhu Shiqing

	  	Party B: 	
/s/ Chen Ping

	 	  	  	 	  
	 	
Zhu Shiqing

	  	 	
Chen PingExhibit 10.5

Timesco of London Ltd

Timesco House, 3 Carnival Park

Carnival Close, Basildon

Essex SS14 3WN, England

T: +44 (0) 1268 297 700

F: +44 (0) 1268 297 800

E: info@timesco.com

www.timesco.com

INSTRUMENTS FOR LIFE

	
Letter of Authorization

	
10th February 2011              

Please treat this letter as authorization for Beijing De-Haier Medical Technology Co. Ltd to be a distributor for Timesco Laryngoscopes in China for a period of 12 months from today’s date.

We certify that the following products will be represented by Beijing De-Hair Medical Technology Co. Ltd for distribution:

Optima range including CLX and Eclipse blades and handles

Lunar range blades and handles

We further specify that Timesco products are of British origin, certified by the office of the Department of International Health, England and that the manufacturing facilities are subject to inspection by the Department of Health.

	
Yours Faithfully

	  
	
/s/ Fayyaz

	  
	
MR.S. Fayyaz

	  
	
Managing Director

	  
	
For and on behalf of Timesco of London Ltd

	  
	
(Seal) Dehaier Medical Technology Co., Ltd.Exhibit 10.6

 

Sales Agency Agreement

 

Contracting Parties

Supplier (hereinafter "party A"): Dalian Wande Electronics Co., Ltd.

Agent (hereinafter called "party B"): Beijing DeHaier Medical Technology Co., Ltd.

 

I General

	
I.  

	
Beijing DeHaier to act as JMS's product distributor for two years authorized by Party A which is the Gerneral Agent in China of JMS. The authorized products are:  JMS Syringe  pump & Infusion pump.

	
2.

	
According to different limits of authority, distributors can be divided as general distributors and exclusive distributors.

	
  

	
a.

	
General distributor: Party A authorizes Party B to distribute certain type or certain range of products from Party A in certain area, while this does not rule out the possibility that Party A authorize other distributors to distribute that type or range of products in that area.

	
  

	
b.

	
Exclusive distributor: Party A authorizes Party B to exclusively distribute certain type or certain range of products from Party A in certain area, while Party A will not authorize other distributor to distribute that type or range of products in that area, however, Party B has to order in time and accomplish certain amount of sales volume within certain period of time.

	
3.

	
Both Party A and Party B will not bear any legal liabilities caused by commercial activities, legal activities and operating loss of each other.

	
4.

	
Party B has the right and obligation to evaluate operations of Party A (including distribution, market and commercial activities) and give suggestions. Party A should reply in time and modify its defects and limitations.

	
5.

	
Party B should acquire necessary legal documents for distributing the products and provide a copy of corporate business license, tax registration certificate and registration certificate for medical devices with official seal. Party B should ensure the authenticity of the documents and go through yearly check in time. If there is any problem with the qualification of Party B, Party B should bear the loss or effect on Party A. If there is any change of above items, Party B should provided Party A in written form in time and provide new certificate.

	
6.

	
Both Party A and Party B should follow the rules in this agreement and supervise each other with the aim of better fulfilling of the agreement.

 

II Validity of Party B's dealership

Validity of this agreement is from  November 1st, 2010 to November 1, 2012.

  

  

  

 

III Distributing Area:

Mainland of China.

IV Type of dealership

Party A authorizes Party B as its product distributor, thus Party B should explain to its customers while selling products from Party A, otherwise Party B should bear the legal liabilities. Party A will take the "order confirmation sheet" as the basis of delivery. If there is any difference between this agreement and the "order confirmation sheet", please subject to the -order confirmation sheet".

 

V Business indicators and settlement price of Party B

	
1.

	
Business indicator means the committed ordered quantity or sales volume of Party B in certain period of time.

	
2.

	
The committed ordered quantity of Party B within the validity of its dealership in above mentioned area is 100 sets.

	
3.

	
Only after Party A receives 100% payment from Party B, the ordered quantity or sales volume will be taken as Party B's sales performance.

 

VI Price System

Party B should strictly follow the price rules listed below, otherwise Party B should be considered defaulting and bear related responsibility. For the first time, Party A will inform Party B in written form, while for the second time, Party A will charge Party B RMB5,000 for defaulting. Party B's qualification of dealership will be deprived in the third time.

 

	
1.

	
If the price of the product changed within the validity of Party B's dealership, Party A should inform Party B 10 days in advance in written form.

	
2.

	
Party B should not break the price system of Party A. If Party B needs to lower the price, it should apply to Party A in written form.

	
3.

	
Party A has the righting of pricing. Both Party A and Party B should take pricing information as commercial secretes.

	
4.

	
Prices of the products distributes by Party B including: settlement price, minimum distribution price, minimum retailing price, guide price and public quoted price.

 

VII Term of Payment

Party A can accept the payment by T/T, check or cash before Party A delivery.

 

VIII Installation, Check and Maintenance of Products

	
1.

	
Within 3 days after Party B received products mentioned in this agreement, engineers with Party A will be responsible for production installation and on-site guidance.

 

  

  

  

 

	
2.

	
Warranty period of the products is one year, while life-long maintenance will be chargeable.

	
3.

	
After sale service will be responsible by Party A.

IX Obligations and Responsibilities of Party A and Party B

A. Obligations and Responsibilities of Party A

	
1. 

	
Provide products brochure;

	
2. 

	
Provide support to Party B during the ordinary sales, including human resource, information, etc.,

	
3. 

	
Keep Party B with the latest products information and sales policies;

	
4. 

	
Products training and market support;

 

B. Obligations and Responsibilities of Party B

	
1.

	
During the term of this agreement, Party B can not sell competitive products;

	
2. 

	
Do not disclose the content of this agreement;

	
3. 

	
Report to Party A about the market dynamic of competitors;

	
4. 

	
Can not sell products across district without written permission of Party A;

	
5.

	
Provide full customers information;

	
6. 

	
Can not do any hostile completive sales activities;

	
7. 

	
Report to Party A the biding information in Party B's district.

	
8.

	
If the customer need to investigate the situation of the products, Party B should notice Party A in advance for arrangement.

 

X Market Support and Products Training

A. Market Support

	
I.

	
This support is for the exhibitions, promotion events and academic meetings in the sales area belongs to Party B.

	
2.

	
Party B will pay their own fees if Party B decide to join the above said events. Party A can decide whether provide product models for Party B according to the market requirement and Party B should pay the logistic fee.

	
3.

	
If Party B need Party A to provide technical support, all the related fees belong to Party A.

B. Products Training

	
1.

	
The training is Party A's responsibility.

	
2. 

	
The products training will be divided into 4 parts and will be finished in 4 months.

	
3.

	
Before the due date, if Party B requires more training content and times, they must provide written applications.

C. Duties and Responsibilities of the Party A

	
1.

	
Marketing Dept: response to the products exhibitions and trainings;

	
2.

	
District Managers: Manage and coordinate the distributors in the same district, responsible for the training of sales skill;

	
3.

	
Offices: Coordinate the ordinary sales of Party B and supervise the sales volume promised by Party B. Provide materials and technical support to the sales of Party B and provide the initial products training.

 

  

  

  

 

	
4.

	
Party B can provide advice to Party A and ask for assistance.

Xl Others

	
1

	
There are attachments to this agreement for the above items.

	
2

	
These attachments is a part of this agreement and have the same legal validation.

	
3

	
Each of party A and party B holds one copy of this agreement which will be validated after been signed and stamped.

	
Party A’s signature: /s/ Zhao Qing Ping

	  
	
Party B’s signature: /s/ Chen Ping

	  
	
Date: November 1, 2010

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