Exhibit
10.4c
Land Contracted Circulation
Agreement
Party A:
Xiamen Sanxiushan Vegetable Professional
Cooperative
Party B:
Xiamen Yijun Modern Agricultural Development Co.,
Ltd.
Witness:
Tong’an District Zhuba Overseas Chinese Farm New Village
Administration Zone, Xiamen City
With a view to enhancing mutual growth of the
Parties, and promoting the Cooperative’s capacity in the
supply of lands and products and cooperation projects, this
Agreement is signed by and between the Parties for the purpose of
increasing common interests through cooperation to develop to the
full their respective strengths.
The Parties
reach agreement on the intent and mode of cooperation, stipulated
as follows.
I. Area,
location and grade of land subcontracted
Party A shall
subcontract the Twenty Two mu of one connected piece of land
it contracted (hereinafter the Project land) to Party B for
exported vegetable growth and quality variety fostering bases, the
land being at the Mount Fengli, Zhuba Overseas Chinese Farm, east
to Zhuba Village, west to the highway, south to the wind prevention
forest, and north to the Longyan forest. The ownership of the land
contracted belongs to the collective unit, while Party B only has
the land use right and may not trade, lease or idle away the land,
or use such for housing construction.
II. Period
of subcontracting
The period of
subcontracting shall be ten (10) year commencing Jan 1
st 2009 and ending Dec 31 st 2018.
In the event the actual date of land handover is later than the
date above specified, the ending date shall be postponed
accordingly.
III. Charges
for subcontracting and mode of payment
During the
valid period of subcontracting, the charges for subcontracting
shall be RMB 800.00 (renminbi EIGHT HUNDRED yuan only)/ mu
/year. The charges shall be payable by year in a lump sum, namely,
a payment of RMB 17,600.00 (renminbi SEVENTEEN THOUSAND SIX
HUNDRED yuan only) shall be payable on the January 1
st each year. In the event Party B fails to pay
such on schedule, it shall bear the bank interests upon the charges
delayed in addition to charges agreed. Where the subcontracting
charges are delayed in excess of three (3) months, the Agreement is
regarded to be terminated, and Party B shall be liable for all
losses caused for production suspension of the Project
land.
IV. Rights
and obligations of Party A
1. Party A
shall guarantee its eligibility to sign the Agreement, and its
right to circulate by subcontract the aforementioned land to Party
B for agreed use as plantation bases, or Party A shall have handled
all necessary formalities (if any such).
Also agreed: In
the event the subcontracted land is withdrawn by request of the
collective unit or the local farmers, Party A shall guarantee to,
on the condition of not impairing normal planting planned of Party
B, notify Party B one production season in advance, and allocate
another land with equal area in the same region for continued
operation and use by Party B.
2. During the
subcontract period, Party A shall ensure that, the Project land
shall qualify the tests and reviews relevant state authorities
carry out on Non-polluting Plantation Land, and can be granted
relevant certificates and accreditations, and Party A shall provide
evidences for the Project land as
