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EXHIBIT 10.02
TURNKEY HOSPITAL PURCHASE AGREEMENT
1. SELLER
INTERNATIONAL HUMANITARIAN DEVELOPMENT LTD, LOCATED AT ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇,
▇▇▇▇ ▇▇▇▇ A REGISTERED HONG KONG CORPORATION WHICH IS A JOINT VENTURE BETWEEN
NEUROTECH DEVELOPMENT CORPORATION, USA, A PUBLICLY TRADED AND LISTED COMPANY ON
THE NASDAQ EXCHANGE AND CHINA CHEN SOUTH AMERICAN CONSTRUCTION CO. BEIJING A
STATE OWNED COMPANY HEREBY REFERRED TO AS THE SELLER.
2. PURCHASOR
THE SHANGHAI INDUSTRIAL COMPREHENSIVE DEVELOPMENT ZONE CO. LTD. HEREINAFTER
REFERRED TO AS THE PURCHASOR.
THAT THE PURCHASOR WILL BE THE OPERATOR OF THE HOSPITAL(S),
THE PURCHASOR IS ENTERING INTO THIS AGREEMENT WITH FULL CORPORATE INTENT AND
LEGAL RESPONSIBILITY IN ACCORDANCE WITH THE GOVERNING LAWS OF THE PEOPLES
REPUBLIC OF CHINA.
3. QUALITY STANDARDS
THE PURCHASOR WILL MAINTAIN THE QUALITY STANDARDS SET FORTH BY THE SELLER IN THE
TRAINING PROGRAM OF THE HOSPITALS NAMED IN THIS AGREEMENT.
4. DESCRIPTION OF HOSPITAL
THE PRIMARY HOSPITAL IS A CLINICAL CARE HOSPITAL. ITS SPECIALIZATION IN GENERAL
CARE, WILL FEATURE AN ENHANCED OUTPATIENT FACIILITY CAPABLE OF SEEING 1000
PATIENTS PER DAY, AND A VERTICALL INTEGRATED STATE OF THE ART CLINICAL HOSPITAL
CAPABLE OF HANDLING EMERGENCY MEDICINE, SURGERY, WITH A FULL COMPLEMENT OF
DEPARTMENTS AS DESCRIBED BELOW.
SIZE: HOSPITAL 2600 SQ M, SET UP WITH MAX OCCUPANCY OF 100 BEDS MIN OCCUPANCY
50 BEDS, # BEDS WILL VARY IN ACCORDANCE WITH LOCAL AREA MORBIDITY
STATISTICS AND THE REQUIREMENTS FOR OUTPATIENT SERVICES
HOSPITALS SHALL CONSIST OF: PREFABRICATED STEEL BUILDINGS
ALL DIAGNOSTIC AND LABORATORY EQUIPMENT*
OPERATING ROOM EQUIPMENT
EMERGENCY ROOM EQUIPMENT
PATIENT ROOM FITTINGS, FURNITURE
DIETARY EQUIPMENT
PHARMACY EQUIPMENT
ALL PHARMACEUTICALS
ALL MEDICAL DISPOSABLES
COMPUTERIZED BILLING AND ACCOUNTING
MEDICAL RECORDS SYSTEMS
COMMUNICATION SYSTEMS
ENVIRONMENTAL SYSTEMS
BACK UP ELECTRICAL GENERATOR
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CONSTRUCTION STANDARD: USA
PHARMACEUTICAL STANDARD: CHINA
EQUIPMENT STANDARD: USA
HEALTH PRACTICE CODE: USA
5. SERVICES PROVIDED BY SELLER
ANCILLARY SERVICES: STAFF TRAINING IN USA
MEDICAL STAFF: FULL MEDICAL STAFF
LABORATORY STAFF
ADMINISTRATIVE STAFF
SUPPORT SERVICES ONLY: MAINTENANCE SUPERVISOR
HOUSEKEEPING SUPERVISOR
DIETARY SUPERVISOR
6. SENIOR CITIZEN CARE CENTER AND RESIDENCE
HOUSING AND ANCILLARY MEDICAL FACILITIES FOR AGING PEOPLE AND RESIDENCE WILL BE
CONSTRUCTED IN ACCORDANCE WITH CHINESE STANDARDS OF CONSTRUCTION. THE PROPOSED
FACILITY SHALL CONSIST OF 1700 BEDS OF MIXED CONFIGURATION INCLUSIVE OF WELFARE
BEDS, PRIVATE, AND SEMI PRIVATE ROOMS. THE FACILITIES SHALL INCLUDE FULL DIETARY
AND RECREATIONAL FACILITIES INCLUSIVE OF NURSING AND ADMINISTRATIVE OFFICES
INFIRMARY, AND PHARMACY. THE FACILITIES INCLUDE ALL FURNITURE, FIXTURES,
COMMUNICATION SYSTEMS, SHEETS, AND DISPOSABLES, CARTS, AND NURSING EQUIPMENT.
THE FACILITY IS BUDGETED UTILIZING 25000 SQUARE METER OF BUILDING CONSTRUCTION
SPACE.
7. PRICING
ALL FACILITIES ARE SOLD COMPLETELY TURNKEY, AND ARE INCLUSIVE OF ALL LABOR,
MATERIALS, TRANSPORTATION, AND SUPPLIES.
THE PRICE FOR THESE FACILIITIES IS AS FOLLOWS:
2600 SQ METER MODULAR CLINICAL HOSPITAL: $ 15,000,000 USD
25000 SQ METER SENIOR AGING FACILITY: $ 35,000,000 USD
TOTAL PRICE: $ 50,000,000 USD
7. DEPOSIT
A MINIMUM DEPOSIT OF 20% OF THE AGGREGATE PROJECT COST IS REQUIRED. THE
DEPOSIT IS TO BE PLACED IN BANK OF CHINA, SHANGHAI. DISCOUNTS, CURRENCY
EXCHANGE, BANKING AND INTEREST FEES MAY EFFECT THE ACTUAL TOTAL OF THE
DEPOSIT
IT IS ESTIMATED THAT THIS PROJECT DEPOSIT IS APPROXIMATELY $10,000,000
USD.
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8. CONTRACTUAL ORDER OF PROCEDURES
UPON EXECUTION OF THIS CONTRACT AND RECEIPT OF DEPOSIT, A MEDICAL
TECHNICAL TEAM WILL ARRIVE AT SITE, BEGIN PUBLIC HEALTH STUDY,
OPERATING STUDY, AND PREPARE FINAL REPORT AND FINAL BUDGETARY PROPOSAL.
THIS REPORT SHALL CONSIST OF RECOMMENDED FINAL CONFIGURATION AND
DRAWINGS FOR EACH HOSPITAL, DEPENDENT ON POPULATION, SERVICE AREA,
PUBLIC HEALTH ETC.
TECHNICAL STAFF ADMINISTRATOR, WILL REMAIN AND BEGIN INTERVIEWS AND
SELECTION OF HOSPITAL STAFF WITH PURCHASOR.
9. JOINT COMMITTEE
SELLER AND PURCHASOR WILL ESTABLISH A JOINT COMMITTEE TO REVIEW FINAL
DESIGNS AND SET FORTH AND IMPLEMENT THE STANDARDS DESCRIBED IN THIS
AGREEMENT.
10. PAYMENT
PAYMENT FOR THIS FACILITY IS DERIVED THROUGH HUMANITARIAN FINANCE
PROGRAM AND THE CUSTOMER DEPOSIT.
11. DELIVERY TIME
THERE IS 1 HOSPITAL IN THIS CONTRACT. AND A SENIOR CITIZENS RESIDENCE
AND NURSING FACILITY. IT IS ANTICIPATED THAT THIS PROJECT CAN BE
COMPLETED WITHIN 3 YEARS, INCLUSIVE OF PLANNING, DESIGN, AND TRAINING.
12. TRAINING
STAFF TRAINING SHALL COMMENCE AT THE BEGINNING OF THE MANUFACTURING
PROCESS OF THE HOSPITAL.
EMPLOYEE SALARIES, ARE THE RESPONSIBILITY OF THE PURCHASOR. AIR
TRANSPORTATION, HOUSING, AND MEALS ARE SUPPLIED BY THE SELLER.
TRAINING SHALL TAKE PLACE AT THE UNIVERSITY OF TEXAS, AND OTHER
NEUROTECH AFFILIATED SCHOOLS.
13. ADMINISTRATOR
AN AMERICAN ADMINISTRATOR WILL REMAIN FOR THE FIRST 6 MONTHS OF
OPERATION AT THE EXPENSE OF THE SELLER.
14. FINANCING
FINANCING IS PROVIDED THRU THIRD PARTIES AND THAT FINANCING IS SUBJECT
TO THE RULES AND PROCEDURES AS SET FORTH BY THOSE PARTIES.
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15. PURCHASOR PROVIDES
LAND
ROAD
ELECTRICITY
FRESH WATER
SEWAGE
TELEPHONE LINES
PURCHASOR WILL PLACE HOSPITALS (MINIMUM 1 HECTARE/SITE)
17. ENDORSEMENTS
THIS HOSPITAL PROJECT WILL BE SUBMITTED TO THE WORLD COUNCIL OF PEOPLES FOR THE
UNITED NATIONS FOR QUALIFICATION AS A HUMANITARIAN PROJECT, AND AS SUCH MAY USE
THIS QUALIFICATION FOR ELIGIBILITY IN THE PROCUREMENT OF HUMANITARIAN FINANCING,
AND GOVERNMENTAL APPROVAL.
18. GOVERNING LAW
THIS CONTRACT SHALL BE DEEMED VALID AND SUBJECT TO THE LAWS OF PEOPLES REPUBLIC
OF CHINA.
19. LOCATIONS
THE HOSPITAL AND SENIOR HOUSING FACILITY SHALL BE LOCATED IN THE FENG PU
DISTRICT OF SHANGHAI.
20. RECOGNIZED AGENTS
THE FOLLOWING AGENTS ARE RECOGNIZED AS AGENTS FOR THE SELLER:
GRACE FAME INDUSTRIAL LTD.
SHANGHAI, CHINA
▇▇▇▇▇▇ ▇▇▇, PRESIDENT
21. TERM OF PROJECT
THIS PROJECT IS ESTIMATED TO TAKE 3 YEARS TO COMPLETE FROM THE DATE OF INITIAL
CONTRACT PAYMENT.
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SO WE HEREBY COMPLETE THIS AGREEMENT AND SET FORTH OUR SIGNATURES ON THIS DATE.
AGREED :
SELLER: INTERNATIONAL HUMANITARIAN DEVELOPMENT LTD.
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇, CHAIRMAN DIRECTOR
PURCHASOR: SHANGHAI INDUSTRIAL COMPREHENSIVE DEVELOPMENT ZONE CO. LTD.
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AGENT:
DATE:
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GRACE FAME INDUSTRIAL LTD.