Exhibit 10.14
(English Translation)
Guangxi Tangerine Land Lease Cooperation
Development Contract ("Contract")
Lessor ("Party A"): Wanshanhong Fruits Co., Ltd
of Rong’an County of Guangxi Province
Tenant ("Party B"): Guangzhou Organic Region
Agriculture Limited
General
1.
Party A and Party B entered into this Contract
based on the principle of equal, willingness and in order to define
the rights and obligations of Party A and Party B.
2.
Cooperation Method: Party B rents the land with
ownership, using right and proceeds disposing right from Party A at
the negotiated price, then Party B consigns the operation and
management of the land to Party A, finally Party A transfers the
products acquired from the land to Party B by charge.
3.
Subject Matter: the land leased by Party B
locates at Rong’an County, Guangxi Province, total areas of
1,500mu. Pursuant to this Contract, the land leased by Party B
includes the plants on the land, but not including underground
resources and embeddings.
4.
Term: 25 years from Oct. 01, 2006 to Sept. 30,
2031.
5.
Price: Party B agrees to pay total price of
lease to Party A at one time, at 1,050RMB/mu, 40RMB per mu per
year. Total price of lease is 1,575,000RMB.
6.
Payment: Party B shall pay all the amount in
cash before December 31, 2005 to Party A (remit to the appointed
account number of Party A), as for details it shall be in
conformity with the receipt issued by Party A. After all the amount
are paid, two parties shall arrange a settlement to confirm the
receipt of the amount.
Rights of Party
A
7.
Party A shall have the rights to negotiate with
Party B with respect to the development of plants and renewal of
products, and conduct self production under the precondition of
enhancement of productivity and quality of products.
8.
Party A shall have the rights to require the
amount of lease to Party B according to the time prescribed in the
Contract.
9.
Under the circumstances of not changing the
usage of the land, Party A shall have the rights to be consigned by
Party B to manage the land (or leave the land to original tenant
for management). Within the Term of this Contract, Party A will not
pay management fee to Party B, and vice versa. Agricultural
products shall belong to Party A.
10.
Party A shall have the rights to transfer the
agricultural products on the land to Party B at the local
prevailing price.
11.
Other rights regulated by laws and
administrative regulations.
Obligations of Party A
12.
Party A shall maintain the lease operation
rights of Party B, shall not change and relieve the Contract
illegally.
13.
According to planning of Party B, Party A shall
arrange the plantation, cultivation and storage of
agricultural products, and supply the products in time to Party B
according to Party B’s order requirements.
14.
Party A shall reasonably guarantee the priority
supply of agricultural products acquired from the leased land to
Party B. Party A and consigned land managers shall not supply the
agricultural products acquired from the leased land to any other
third party before abundant supply to Party B per Party B’s
order.
15.
Party A shall assist Party B to make long-term
development plan of agricultural products on the leased land, set
up agricultural products supply base, transform or renew the
products, set up storage warehouse (cold warehouse) and processing
plant within the area.
16.
Other obligations regulated by laws and
administrative regulations
Rights of Party B
17.
Party
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