EX-10.2 3 zhong_ex10z2.htm JOINT PROJECT CONTRACT Joint Project Contract

 


EXHIBIT 10.2

Joint Project Contract

 

PARTY A: Bao Feng Biotech (Beijing) Co.,Ltd

PARTY B: National health and occupational safety and health research center

In order to promote the development of functional neurology department and neurotic acid industry, PARTY A and PARTY B shall cooperate on research and development projects and testing projects. The following agreement is reached by and between the parties through equal consultation and based on the true and full expression of each party's will in accordance with the provisions of the contract law of the People's Republic of China, and shall be adhered to by both parties.



 


I. Specific contents of the cooperation are as follows:

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1. PARTY A shall establish or transfer the project, and PARTY B shall undertake and complete it. PARTY A promise to provide technical service cooperation projects of no less than 200,000 yuan per year or no less than 1,000,000 yuan for five years in principle. The scope of the project includes but is not limited to: determination of amino acids, fatty acids, organic acids, blood concentration, untargeted metabolomics research, etc., and the specific project shall establish independent contracts or agreements.

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2. PARTY B shall set up a corresponding laboratory (organic extraction laboratory) for sample extraction, purification and analysis for PARTY A and PARTY B, which shall be a laboratory jointly built by PARTY A and PARTY B and may be put on display (proposed name: "key laboratory of genetic metabolism"). The laboratory is open to PARTY A for the chemical extraction of samples under the condition of ensuring safety. PARTY B shall ensure the normal use of the water supply and discharge of the laboratory and the fume hood. PARTY A shall equip itself with special equipment needed during the experiment, and PARTY A shall guarantee the safety problems during the experiment. The testing of chemical extraction samples shall be undertaken by PARTY A, and the specific cost allocation shall be mainly based on independent project contracts.

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3. The laboratory does not involve registration, approval and other procedures. If PARTY A needs it later, PARTY A shall be responsible for the above matters and PARTY B shall assist PARTY A to handle them. Future laboratory shall cooperate with the third party in the name of either party through negotiation.

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4. Each party can select one person to complete the daily management of the laboratory, and the specific allocation is mainly based on independent project contract.

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5. PARTY B shall inform PARTY A in advance of any problems affecting the use of the co-built laboratory or site change, such as the transfer of the laboratory or the renovation of the building. In principle, after PARTY B moves or transforms, there will still be space for laboratory co-construction.

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6. PARTY A shall not engage in false publicity and fraud in the name of PARTY B or in the name of PARTY B.

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7. During the cooperation, the parties shall not carry out projects that violate national laws and regulations or endanger personal safety.

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II. If either PARTY Breaches this agreement, the other party shall have the right to terminate this contract. This agreement shall be valid from June 20, 2019 solstice June 20, 2023.

III. If disputes arise in the execution of this contract, both parties shall settle them through consultation. If the consultation fails, either party shall have the right to bring a lawsuit to the people's court where Party B is located. If no agreement can be reached through negotiation, either party shall have the right to bring a lawsuit to the people's court where PARTY B is located.




 


IV. The "company profile" provided by PARTY A is true and complete. If there is any change during the term of this agreement, PARTY A shall promptly notify PARTY B in writing.

     

          

     

V. This agreement is made in duplicate; with PARTY A holding one copy and PARTY B holding the other. This agreement shall come into force upon signature and seal by both parties.

 

PARTY A (signature and seal)

 

PARTY B (signature and seal)

Date:

  



 


Annex (other notes)

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I. Purpose of Co-construction of laboratories

First, it is convenient to undertake large projects such as Xuanwu Hospital and other large hospitals in monitoring clinical blood drug concentration. Second, it is convenient for Party A to make use of national channels to attract more metabolic analysis research services and make profits with Party B. Thirdly, the laboratory is used to extract and purify nervonic acids from Bao Feng Biological Enterprise.

II. Sharing of Joint Achievements

The co-construction of laboratories shall cooperate and collect/pay according to the project, without involving the issue of shared results. In principle, the results belong to the investor. The specific allocation shall be carried out according to the specific contract scheme of the project.

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III. Introduction of Bao Feng biotechnology (Beijing) co., LTD




 


As a wholly-owned domestic operation subsidiary of Zhongyuan biotechnology holding group, Bao Feng biological is mainly engaged in research and development, production and sales of botanic acid and related brain health products, with an asset value of more than 15 million yuan as of march this year. It is a global authoritative quasi-unicorn company providing overall brain health solutions. With its leading technology, active market and social responsibility, the parent company plans to be listed on nasdaq in the United States by the end of 2019. As the representative of China's technology and market, Bao Feng biology will soon become the focus of brain health technology attracting worldwide attention.

Bao Feng biotechnology (Beijing) co., LTD. founded in 2012, is a biotechnology company specializing in the research and development of nervonic acid, and the research and development, production, sales and technical services of nervonic acid-related brain health products. And the state issued a high-tech enterprise certificate. The company has the following advantages:

1. Resource advantages:

The company has exclusively signed the cooperation base of high-quality seed source of Acer Truncatum in the horqin desert of Inner Mongolia and the cooperation base of high-quality seed source of Acer Truncatum in the changbai mountain forest area of liaoning. As the chairman of China woody oil industry technology innovation strategic alliance, Bao Feng biological is the pioneer and practitioner of the whole industrial chain promotion and development of modern new agriculture and biology of the woody oil Acer Truncatum project.

2. Technical advantages

Backed by China medical university (co-owned by the company), the company has established cooperation with China medical university in 2018




 


to jointly explore the worldwide breakthrough of nervonic acid in plateau brain health. It has applied for four patents and obtained six software Copyrights. In the product technology research and development production, the company has an excellent management team and excellent expert committee. The expert committee members come from all aspects of forestry, edible oil and biotechnology research and development. In the process of development, the company has cultivated a number of excellent management personnel and a large number of production and operation backbone, and realized large-scale and scientific management.

The company has deep cooperation with many famous scientific research institutions at home and abroad, such as Chinese academy of sciences, Beijing Forestry University, Hong Kong University, American medical nutrition and health products research and development institute, and Japan international agricultural science and technology research institute. Carry out technical research and development of brain health and alzheimer's health care products, functional foods, and raw materials of high purity plant-based nervonic acid. At present, several kinds of functional foods for brain health have been developed, and the company has mastered the technology and process of extracting nervonic acid, and has the superior conditions for industrial production of nervonic acid.

3. Policy and production advantages

On March 22, 2011, the ministry of health officially issued a notice to approve Acer Truncatum seed oil as a new resource food. On May 31, 2017, the national health and family planning commission (NHFPC) officially issued a notice approving nervonic acid as a new resource food.

The products developed and produced by the company, such as healthy formula oil, nervonic acid oil, and neuro enhancer capsule, all have high enterprise standards and comprehensive quality system. Its mu zhiyuan brain health formula oil series products are supervised by China




 


agricultural reclamation (group) corporation and underwritten by China people's property insurance co., LTD.

Our mission: to make neurotic acid products universally accessible to the public and make unremitting efforts for human life and health.

Company vision: lead the development of nervonic acid industry; build the world's first brand of brain health!