Exhibit
10.4b
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 Three
Hundred 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 Longan 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 1000.00 (renminbi ONE
THOUSAND yuan only)/ mu/year. The charges shall be payable by
year in a lump sum, namely, a payment of RMB 300,000.00
(renminbi THREE HUNDRED THOUSAND 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
No
