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China Health Industries Holdings, Inc. – ‘10-K’ for 6/30/13 – ‘EX-10.22’

On:  Tuesday, 10/15/13, at 5:20pm ET   ·   For:  6/30/13   ·   Accession #:  1144204-13-55291   ·   File #:  0-51060

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/15/13  China Health Inds Holdings, Inc.  10-K        6/30/13   77:8.3M                                   Toppan Merrill/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    948K 
 2: EX-10.22    Material Contract                                   HTML     49K 
 3: EX-10.23    Material Contract                                   HTML     32K 
 4: EX-10.24    Material Contract                                   HTML     32K 
 5: EX-23.1     Consent of Experts or Counsel                       HTML     20K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     22K 
76: R1          Document And Entity Information                     HTML     51K 
52: R2          Consolidated Balance Sheets                         HTML    100K 
48: R3          Consolidated Balance Sheets [Parenthetical]         HTML     31K 
18: R4          Consolidated Statements of Operations and           HTML     96K 
                Comprehensive Income                                             
50: R5          Consolidated Statementsof Stockholders' Equity      HTML     53K 
35: R6          Consolidated Statements of Cash Flows               HTML    102K 
66: R7          Organization and Business Background                HTML     31K 
36: R8          Significant Accounting Policies                     HTML    200K 
38: R9          Cash and Cash Equivalents                           HTML     27K 
19: R10         Control by Principal Owners                         HTML     23K 
37: R11         Accounts Receivable                                 HTML     29K 
65: R12         Other Receivables                                   HTML     43K 
61: R13         Inventory                                           HTML     74K 
49: R14         Long Term Deposit                                   HTML     31K 
73: R15         Prepaid Expenses                                    HTML     57K 
64: R16         Construction in Progress                            HTML     39K 
15: R17         Property, Plant and Equipment                       HTML     88K 
22: R18         Intangible Assets                                   HTML     63K 
72: R19         Related Party Debt                                  HTML     32K 
75: R20         Income Tax and Taxes Payable                        HTML     75K 
77: R21         Earnings Per Share                                  HTML     49K 
74: R22         Commitments and Contingencies                       HTML     68K 
55: R23         Major Suppliers and Customers                       HTML     40K 
20: R24         Subsequent Events                                   HTML     23K 
34: R25         Significant Accounting Policies (Policies)          HTML    261K 
27: R26         Significant Accounting Policies (Tables)            HTML     24K 
26: R27         Other Receivables (Tables)                          HTML     37K 
40: R28         Inventory (Tables)                                  HTML     71K 
54: R29         Prepaid Expenses (Tables)                           HTML     43K 
62: R30         Property, Plant and Equipment (Tables)              HTML     80K 
32: R31         Intangible Assets (Tables)                          HTML     58K 
41: R32         Income Tax and Taxes Payable (Tables)               HTML     76K 
70: R33         Earnings Per Share (Tables)                         HTML     44K 
29: R34         Commitments and Contingencies (Tables)              HTML     45K 
59: R35         Organization and Business Background (Details       HTML     42K 
                Textual)                                                         
60: R36         Significant Accounting Policies (Details)           HTML     25K 
42: R37         Significant Accounting Policies (Details Textual)   HTML    108K 
25: R38         Cash and Cash Equivalents (Details Textual)         HTML     23K 
58: R39         Accounts Receivable (Details Textual)               HTML     22K 
30: R40         Other Receivables (Details)                         HTML     32K 
39: R41         Other Receivables (Details Textual)                 HTML     52K 
63: R42         Inventory (Details)                                 HTML     33K 
33: R43         Long Term Deposit (Details Textual)                 HTML     31K 
56: R44         Prepaid Expenses (Details)                          HTML     29K 
47: R45         Prepaid Expenses (Details Textual)                  HTML     20K 
28: R46         Construction in Progress (Details Textual)          HTML     39K 
69: R47         Property, Plant and Equipment (Details)             HTML     33K 
23: R48         Property, Plant and Equipment (Details Textual)     HTML     28K 
31: R49         Intangible Assets (Details)                         HTML     28K 
46: R50         Intangible Assets (Details Textual)                 HTML     24K 
53: R51         Related Party Debt (Details Textual)                HTML     23K 
68: R52         Income Tax and Taxes Payable (Details)              HTML     35K 
16: R53         Income Tax and Taxes Payable (Details 1)            HTML     34K 
57: R54         Income Tax and Taxes Payable (Details 2)            HTML     46K 
43: R55         Income Tax and Taxes Payable (Details Textual)      HTML     26K 
21: R56         Earnings Per Share (Details)                        HTML     40K 
24: R57         Commitments and Contingencies (Details)             HTML     34K 
51: R58         Commitments and Contingencies (Details Textual)     HTML     30K 
71: R59         Major Suppliers and Customers (Details Textual)     HTML     37K 
45: XML         IDEA XML File -- Filing Summary                      XML    106K 
17: EXCEL       IDEA Workbook of Financial Reports                  XLSX    160K 
44: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.27M 
 9: EX-101.INS  XBRL Instance -- chhe-20130630                       XML   2.06M 
11: EX-101.CAL  XBRL Calculations -- chhe-20130630_cal               XML    103K 
12: EX-101.DEF  XBRL Definitions -- chhe-20130630_def                XML    535K 
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67: ZIP         XBRL Zipped Folder -- 0001144204-13-055291-xbrl      Zip    174K 


‘EX-10.22’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

Agreement No.:

 

Health Food Technology Transfer Agreement

 

Project Name: The transfer of the twelve health food approval numbers of Health Foods, including Dr. Xiao Brand Honeysuckle Pearl Capsule, Dr. Xiao Brand Multivitamin Tablet, Dr. Xiao Brand Zhengdian Capsule, Dr. Xiao Brand Shengui Capsule, Dr. Xiao Brand Multivitamin Tablet (Woman), Dr. Xiao Brand Shikong Soft Capsule, Dr. Xiao Brand Huangjingdanggui Tablet, Dr. Xiao Brand Xingxing Soft Capsule, Dr. Xiao Brand Vitamin A Fish Oil Soft Capsule, Dr. Xiao Brand Colon Cleanser Granules, Dr. Xiao Brand Jianli Soft Capsule and LB Brand Xinpin Capsule, and the trademark ownership of Dr. Xiao’s No.5 and No.30 category product and LB’s No.30 category product.

 

Transferee (Party A): Harbin Humankind Biology Technology Co., Limited

 

Transferor (Party B): Guangzhou Aoda Biology Beauty Healthy Technology Co., Ltd

 

Signed on           January 18, 2013                 
 
Signed in                     Harbin                         

 

Printed and made by Ministry of Science and Technology of PRC

 

 C: 
 C: 1
 

 

Instruction

 

I This agreement is a sample printed and made by Ministry of Science and Technology of PRC. Technology agreement registration administration may recommend this sample to the parties entering into Technology agreement.

 

II This agreement is applicable to the agreement where transferor provides knowhow to transferee, specify its usage rights and transfer rights between the parties, and the usage fees to be paid by transferee.

 

III If there are more than one parties on one side of agreement, they shall be listed as “common transfee” or “common transferer”, respectively, under the category of “Principal” and “Agent” (in the added pages), based on their roles in this Agreement.

 

IV For the items not covered in this Agreement, the parties of the agreement may specify in supplementary pages, which shall be the integral part of this Agreement.

 

V The parties who adopt this sample agreement shall fill in “none” for those terms that they agreed not to fill in.

 

 C: 
2
 

 

Health Food Technology Transfer Agreement

 

Transferee (Party A): Harbin Humankind Biology Technology Co., Limited
Location: No. 168 Binbei St. Songbei District. Harbin                        
Legal Representative: Kai Sun                                           
Contact: Zhiqiang Wang                                                
Contact Method:                                                      
Mail address: No. 168 Binbei St. Songbei District Harbin                     
Tel.:                                      Fax:                                     
E-mail:                                                              
   
Transferor (Party B): Guangzhou Aoda Biology Beauty Healthy Technology Co., Ltd
Location: 43/F Weiduoli Plaza Tiyuxi Road Tianhe District Guangzhou City       
Legal Representative: Hui Wu                                           
Contact: Juan Wu                                                     
Contact Method:                                                      
Mail address: 43/F Weiduoli Plaza Tiyuxi Road Tianhe District Guangzhou City   
Tel.:                                        Fax:                                     
E-mail:                                                              

 

Party B will transfer to Party A the approval numbers and knowhow of twelve health foods, including formula, manufacturing process, quality standard and product registration approval certificates, as well as the trademarks of Dr. Xiao of No.5 and No.30 category and LB of No.30 category, and Party A shall pay the consideration to acquire them. The twelve health foods refer to Health Food including Dr. Xiao Brand Honeysuckle Pearl Capsule(Approval No. Guoshijianzi G20100656), Dr. Xiao Brand Multivitamin Tablet(Approval No. Guoshijianzi G20080176), Dr. Xiao Brand Zhengdian Capsule(Approval No. Guoshijianzi G20070261), Dr. Xiao Brand Shengui Capsule(Approval No. Guoshijianzi G20080297), Dr. Xiao Brand Multivitamin Tablet (Woman) (Approval No. Guoshijianzi G20070338), Dr. Xiao Brand Shikong Soft Capsule(Approval No. Guoshijianzi G20080096), Dr. Xiao Brand Huangjingdanggui Tablet(Approval No. Guoshijianzi G20080201), Dr. Xiao Brand Xingxing Soft Capsule(Approval No. Guoshijianzi G20080080), Dr. Xiao Brand Vitamin A Fish Oil Soft Capsule(Approval No. Guoshijianzi G20080406), Dr. Xiao Brand Colon Cleanser Granules(Approval No. Guoshijianzi G20060061), Dr. Xiao Brand Jianli Soft Capsule(Approval No. Guoshijianzi G20050710), and LB Brand Xinpin Capsule(Approval No. Guoshijianzi G20050770). Based on friendly discussion and good faith negotiation, contract law of PRC and related laws, both parties come into the following terms.

 

 C: 
3
 

 

Article I The transferred technologysecrets (knowhow) includes:

 

1.Scope of technology secrets: formula, production process and quality criterion etc.

2.Technology index and parameter: refer to transferred technology documents.

 

Article II In order to guarantee Party A to apply the technology secrets efficiently, Party B shall provide the following technology documents to Party A:

 

1.technology documents used for the government approval;

2.original approval certificate and attachments;

3.other requirements under Requirements about Health Food Registration Application (Trial)

 

Article III Time, place and method to deliver technology documents by Party B

 

1.Time: on the time when Party B received full payment from Party A;

2.Place: Harbin or by express mail;

3.Method: both parties inspect and sign on the transfer record.

 

Article IV Transfer fee and payment method for transfer approval numbers, technology secrets and trademarks:

 

1.Total transfer fees is RMB 30,000,000 including tax fees, trademarks etc.

 

 C: 
4
 

 

2.After the Agreement is effective, Party A shall pay down payment of RMB 4,500,000 to Guangzhou Aoda Biology Beauty Healthy Technology Co., Ltd. After received the down payment, Party B shall provide technology documents for production, including formula, manufacturing process, enterprise standard and original trademark certificates etc.

3.When Party A completed production of three batches of samples, and filed and confirmed with Heilongjiang Food and Drug Administration that the transfer may proceed, Party A shall pay the remaining RMB 25,500,000 to Guangzhou Aoda Biology Beauty Healthy Technology Co., Ltd. Party B shall provide Party A all the technology documents, original approval certificates and trademarks registration certificates.

 

Article V Party B’s work about executing or transferring the project technology secrets before the Agreement is effective.

 

Party B’s work about executing the project technology secrets (time, place, method and scale):

 

The technology secrets were formed based on small scale trial and middle scale trial during the R&D stage. Party B never enters into the commercialized production of the technology products.

 

Article VI In order to guarantee Party A to execute the project knowhow efficiently, Party B shall provide the following technology service and technology guidance.

 

1.The content of technology service and guidance. Party B shall direct and assist Party A to complete qualified products of three batches, and provide consulting and guidance service for registration application of the technology transfer product.

2.The method of technology service and guidance: via phone call or mail, or appoint the staff to provide on-site guidance service.

 

Article VII Related documents provide by Party B based on Detailed Requirements on Registration Application of Technology Transfer Products.

 

 C: 
5
 

 

1.Technology documents provided on the transfer of the twelve products

 

(i)Certificates: obtain Health Food Approval Certificates issued by China Food and Drug Administration (CFDA).

(ii)Technology contents, including product R&D report; formula and the basis, usage basis for raw material and accessory material, the content and inspection method of efficacy ingredient or indicative ingredient, flow chart of production processing as well as the detailed explanation and related research documents; quality criterion(for company) and explanation including quality criterion of raw material and accessory material; category, name, quality criterion and basis to choose of package material with direct contact with product; testing report provided by inspection institution and the related documents including toxicology security evaluation report, health efficacy evaluation report including animal test and human trail eating test, efficacy ingredients identification report, stability testing report, and hygienic testing report, product tag, product description sample, other documents to assist product inspection, and the related work to this project including on-site inspection on sample testing, selective examination of sample product and check etc.

2.Original Approval Certificate. Obtain Health Food Approval Certificate issued by China Food and Drug Administration (CFDA).

3.Other documents need to be provided by Party B based on the regulation of the sixth article of Requirements about Health Food Registration Application (trial), Detailed Requirements on Registration Application of Technology Transfer Products.

 

Article VIII Other issues related to this Agreement specified by both parties:

 

1.This Agreement is entered into based on Health Food Registration Administration (trial). Both parties shall conform with the qualifications specified in this regulations. Party B promises to provide the legal documents and legal procedures for the registration application of the technology transfer product, but will not assume any responsibilities for the result of the application. Party A shall be responsible for product transfer procedures and pay for the related fees such as inspection and notary, etc.

 

 C: 
6
 

 

2.Transfer period is not closed until all transfer procedures are completed and commences from the date which is mutually confirmed by both parties.

3.Based on the related regulations in the Administration, Party B promises it did not and will not manufacture and sell the products. Party B shall transfer the technology documents to Party A when Party A has paid off the consideration. Party A shall complete the sample production and all preparation work within two months and provide to local Food and Drug Administration for transfer application. Party B shall fulfill the obligations including provide seal service and related service.

4.During the period when this Agreement is executed, Party B is prohibited to transfer the contract object to the third party. If Party B breaches, it shall compensate RMB 5,000,000 to Party A in addition to refunding the money Party B has been paid.

5.If Party A could not pay for the consideration15 days beyond the deadline of this Agreement, Party A is considered to waive the transfer. Party B has the rights to terminate the Agreement anytime and pays back to Party A the money paid to terminate the Agreement.

6.If the transfer fails because of Party B, within one week after CFDA declines to approve or within seven days after Party A inform to terminate the Agreement, or both parties negotiate to fix transfer date and sign supplementary agreement, Party B shall pay back all money paid by Party A and the Agreement is terminated. If part of products could not be transferred, Party B shall pay back the money at RMB 2,500,000 each product which is not transferred.

7.If the Agreement is not executed because of Party A, Party A has the rights to appoint the third party as transferee to fulfill the Agreement and Party B shall continue to cooperate to conduct transfer procedures.

 

 C: 
7
 

 

8.If the Agreement could not be executed because of force majeure, both parties will not ask for compensation for each other include but not limited to the terms and documents which have been performed.

9.During the period when the Agreement is executed, if the legal entity of both parties occurs dissolution, rescind and changes etc., one party shall inform the other party by written notice. Both parties shall specify otherwise or negotiate to solve the problem about legal entity of rights and obligations.

10.During the transfer period, Party B shall permit Party A to manufacture and sell in the name of Party B and cooperate with Party A. If Party B does not cooperate, it shall compensate RMB 5,000,000 to Party A. In the process of sell in the name of Party B, if Party A breaches national sales regulation and causes damages to Party B’s fame, Party A shall compensate the economic loss caused to Party B.

11.Because Party B needs the fund urgently, both parties agree to modify the article four of way of payment based on mutual negotiation. Party A shall pay transfer fees of RMB 30,000,000 at one time to Party B within three business days after the Agreement is signed and notarized, provided that Party B shall provide contract guarantee of ownership of all Baidaifu trademarks and manufacture qualification under the name of Guangzhou Aoda Biology Beauty Healthy Technology Co., Ltd. The contact guarantee shall be released if Party A completes sample production of three batches and make the application to Heilongjiang Food and Drug Administration which confirms the transfer could be accepted.

12.If Party A has paid off the consideration, but Party B could not cooperate with Party A to complete the transfer, Party B shall double compensate Party A. including all related fees occurred during transfer period. In order to guarantee the economic benefit of both parties, Party B shall provide all transfer documents within seven days after the Agreement is signed. Within two business days after inspection and confirmation by authorized person from Party A, Party A will shall transfer the money to the bank account of Party B. Concurrent with wire payment, Party B shall provide all documents to Party A.

13.Dr. Xiao Brand Colon Cleanser Granules, Dr. Xiao Brand Jianli Soft Capsule, and LB Brand Xinpin Capsule are at re-registration stage and are not possible for transfer at the stage. The three products also involve in new standard approval regarding to future re-registration of health foods. Because the transfer involves potential risk, both parties come into the following terms after friendly negotiation:

 

 C: 
8
 

 

(i) Party B shall assume the related feesfor registration of Dr. Xiao Brand Colon Cleanser Granules, Dr. Xiao Brand Jianli Soft Capsule, and LB Brand Xinpin Capsule. , Failure to do so will be deemed as breach of contract.

(ii) With respect to all documents related to re-registration, Party B shall provide and submit them to Authorities for approval on time to guarantee the approval of Dr. Xiao Brand Colon Cleanser Granules, Dr. Xiao Brand Jianli Soft Capsule, and LB Brand Xinpin Capsule. Failure to do that will be deemed as default and Party B shall assume the liablities.

(iii) Dr. Xiao Brand Colon Cleanser Granules, Dr. Xiao Brand Jianli Soft Capsule, and LB Brand Xinpin Capsule is not available for transfer at this stage. After complete the re-registration of the three products, Party B shall transfer to Party A Dr. Xiao Brand Colon Cleanser Granules, Dr. Xiao Brand Jianli Soft Capsule, and LB Brand Xinpin Capsule in time.

(iv) If Party B makes efforts to cooperate the re-registration of Dr. Xiao Brand Colon Cleanser Granules, Dr. Xiao Brand Jianli Soft Capsule, and LB Brand Xinpin Capsule, yet fails to transfer the three technologies to Party A, Party B shall pay back the transfer fees at RMB 2,500,000 for each product within seven business days.

 

Article IX The Agreement is exclusive. If Party B breaches, it shall pay RMB 1,000,000 to Party A as breaching compensation.

 

Article X For any disputes arise from executing this Agreement, both parties shall negotiate to settle the disputes. If the disputes are not settled by negotiation, either party may bring the lawsuit in the court where the plantiff resides.

 

 C: 
9
 

 

Article XI As for the items not covered in this Agreement, both parties need to sign supplementary agreement which has the same legal effect with this Agreement.

 

Article XII This Agreement is executed in six copies. Party A and Party B held three copies respectively.

 

This Agreement is taken into effect after the authorized representatives of both parties sign, seal and notarize the Agreement.

 

Party A: Harbin Humankind Biology Technology Co., Limited

Authorized representative: /s/Zhiqiang Wang

Signed on January 18, 2013

 

Party B: Guangzhou Aoda Biology Beauty Healthy Technology Co., Ltd

Authorized representative: /s/Juan Wu

Signed on January 18, 2013

 

 C: 
10

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:10/15/13
For Period end:6/30/13NT 10-K
1/18/13
 List all Filings 


6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/13/23  China Health Inds Holdings, Inc.  10-K        6/30/23   72:5M                                     EdgarAgents LLC/FA
 4/10/23  China Health Inds Holdings, Inc.  10-K/A      6/30/22   69:4.7M                                   EdgarAgents LLC/FA
 2/24/23  China Health Inds Holdings, Inc.  10-K/A      6/30/22   69:4.7M                                   EdgarAgents LLC/FA
 9/15/22  China Health Inds Holdings, Inc.  10-K        6/30/22   71:4.7M                                   EdgarAgents LLC/FA
 9/20/21  China Health Inds Holdings, Inc.  10-K        6/30/21   69:4.4M                                   EdgarAgents LLC/FA
10/13/20  China Health Inds Holdings, Inc.  10-K        6/30/20   68:3.6M                                   EdgarAgents LLC/FA
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