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Purchasing Agreement

 

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Title:

Purchasing Agreement

Entities:

China Health Holding, Inc.

Date:

2005

Size:

Preview shows 6KB of 36KB total

Price:

$37

ID:

#1526825

 

 

► Purchase & Sale ► Purchasing Agreements

 

 

Start of Preview


<SEQUENCE>3

<FILENAME>mar2820058kex101.txt
<TEXT>
CHINA HEALTH HOLDING INC.

PARK PLACE, Suite 600 - 666 Burrard Street, Vancouver, BC, Canada V6C 2X8
Tel: 604-608-6788..................Fax: 604-608-8786

PURCHASING AGREEMENT
FOR 108 100% NATURAL TAIOIST HERBAL MEDICINAL PRODUCTS
FORMULAS AND OWNERSHIP


THIS AGREEMENT is made and enters into on the date 22nd of March , 2005. THE
LEGAL EFFECTIVE AND EXECUTION IS MADE AND ENTERS INTO ON THE DATE 22nd of MARCH,
2005.

BETWEEN:

CHINA HEALTH HOLDING, INC., ( or its Nominee) a Company duly incorporated under
the laws of the State of Nevada, USA, and having its office situate at: # Park
Place Suite 600 - 666 Burrard Street, Vancouver, BC, Canada V6C 2X8.

(hereinafter called the "Vendee")
OF THE FIRST PARTY

AND:

Yu, XiaoFei, (or its Nominee), having an office at: Dept.of Philosophy,
Da-You-Zhuang 100 Hao, Hai-Dian District, Beijing, 100091, P.R.China

Yu, Fei, (or its Nominee), having an office at: East 4 - # 602, Hai-Dian-Nan-Lu,
Hai-Dian District, Beijing, 100080, PR China


(hereinafter called the " Vendor ")

OF THE SECOND PARTY

WHEREAS:

A. The Vendor is the legal and beneficial owner of " the 108 100% natural
TAIOIST HERBAL medicinal products" and These products secrete formulas :A TOTAL
108 natural TAIOIST HERBAL medicinal products and their formulas as indicated in
" SCHEDULE A " as attached. Together with the proprietary information, secrete
formulas, trade secrets, industrial knowledge and know-how related to the
products";

B. The Vendor desires to sale to the Vendee exclusively and 100% ownership of
the 108 defined 100% natural taioistherbal medicinal Products Formulas and their
intellectual property and the Vendee desires to purchase the ownership of these
defined 108 natural taioist medicinal products formulas and their intellectual

<PAGE>
property from the Vendor in the defined the Vendee's territory, to use the
aforesaid "The Purchased Products", and all Trade Mark, and the proprietary
information, secrete formulas, trade secrets, industrial knowledge and know-how
related thereto exclusively in the defined the Vendee's territory;

NOW THEREFORE THIS AGREEMENT WITNESSETH that for $1cdn and other valuable
consideration and in consideration of the premises, the mutual covenants and
agreement herein contained to be kept and performed by each of the parties
hereto, the parties hereto hereby agree as follows:

1. DEFINITIONS

1.1 In this Agreement the following definitions shall apply:

a. "Closing Date" means the date when both parties agree and sign this
Agreement on 22nd day of March, 2005.

b. "The legal effective period" of this Agreement is the date of March 22nd ,
2005 from the "Closing Date" of this Agreement being signed by both
parties.

c. "Derivative Works" means any derivative of "The Purchased Products",
including any modification, refinement, upgrade, improvement or derivation
made to the Products by either the Vendor or the Vendee;

d. "Intellectual Property Rights" means all rights arising under federal,
provincial, common or civil law with respect to the Purchased, including,
without limitation, all patents, copyrights, secrete formulas, trade
secrets, Trade-marks, proprietary information and know-how;

e. "The Purchased Products" means the Products, the Proprietary Information,
Secrete Formulas and any Derivative Works;

f. "Vendee's Territory" means the geographical areas of worldwide

g. "The Products" means that " the 108 100% natural taioist herbal medicinal
products" and Their Secrete Products Formulas : as indicated as attached "
SCHEDULE A". Together with the proprietary information, secrete formulas,
trade secrets, industrial knowledge and know-how related to the products";

h. "Proprietary Information" means the proprietary information, secrete
formulas, trade secrets, industrial knowledge and know-how acquired and
developed during the invention, developing and refinement of " the
Purchased Products" and any information concerning a party or a party's
business whether or not a matter of public knowledge;

i. "Trade-marks/ Trade Names/Brand Names "means the Trade-marks/Trade
names/Brand Names registered directly or indirectly in the name of the
Vendee exclusively in the defined the Vendee's Territory.

j. "Utilize" means, when used in conjunction with the ownership of the
Purchased Products, the act of assigning, sublicensing, marketing, selling,
using, exploiting and otherwise utilizing such Purchased.

2. The108 100% NATURAL TAIOIST HERBAL MEDICINAL PRODUCTS Formulas and
Ownership Purchased by CHINA HEALTH HOLDING INC. (CHINA
HEALTH).

2.1 CHINA HEALTH's Ownerships purchased:

The Vendor hereby grants to the Vendee:

2
<PAGE>
a. the exclusive ownership to utilize the Purchased Products and their secrete
formulas exclusively in the Vendee's Territory;

b. the exclusive ownership rights to register the Trade marks/Trade Names of
the Purchased Products under the name of the Vendee in the defined the
Vendee's Territory;

c. the exclusive rights to use, replicate, copy, modify, adopt and manufacture
the Purchased Products for the purpose of developing Derivative Works;


 

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