Agreement on Agency for Sale (Distribution) - Shenyang Tianwei Pharmaceutical Factory and Liaoning Weikang Medicine Co. Ltd.
Agreement on Agency for Sale (Distribution) (English Translation) PARTY A: SHENYANG TIANWEI PHARMACEUTICAL FACTORY PARTY B: LIAONING WEIKANG MEDICINE CO., LTD. In light of the principles of amicable consultation, mutual benefit, and joint development, Party A and Party B enter into the following agreement. I. Both Party A and Party B agree to establish the stable and fixed sale relationship. II. Party B shall be the sole agency reseller in the territory of Shenyang for all pharmaceutical products manufactured by Party A. III. The pharmaceutical products manufactured by Party A cannot be sold to other clients in the territory of Shenyang. IV. The price of Party A for supply cannot be higher than other equivalent suppliers' price. V. Party A agrees to prepare some products in stock for Party B. VI. Party A shall provide Party A with the marketing information for the products. VII. The payment shall be made in cash; both parties agree to adopt the triptich as the invoice for settlement, and the time of settlement shall based on the batch of the products or month by month. VIII. Other matter unresolved herein shall be negotiated by both parties. IX. This agreement is made in two copies with one copy for each party. X. The valid term of this agreement shall be five years, effective from the date of this agreement to March 30, 2004. Party A: Shenyang Tianwei PARTY B: LIAONING WEIKANG MEDICINE Pharmaceutical Factory CO., LTD. /s /s MARCH 29, 1999 1