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Agricultural Partnership Agreement with Xinmiao Grain Depot
Agreement Number: NO.2007026
Agreement Date: 7/10/2007
Place of agreement: Xinmiao Grain Depot
Party A: Qianguo District Xinmiao Grain Depot
Party B: Songyuan City Ermapao Green Rice Limited.
1. Product name, quantity, price
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
Time Specifications Product Unit of Amount Price Total Price
period name Measurement per unit (Renminbi)
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
<C>
7/2007-6/2008 98-122 Grain Tons 10,000 2055.00 20,550,000.00
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7/2008-6/2009 98-122 Grain Tons 11,000 2055.00 22,605,000.00
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7/2009-6/2010 98-122 Grain Tons 12,000 2055.00 24,660,000.00
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</TABLE>
2. Length of contract:
July 10th 2007 until June 9th 2010. Agreement period is 3
years.
3. Contents of agreement:
A will be responsible for taking loans for local banks and
raise
necessary capital for grain purchase. B will have to give A an
initial
payment of 10% of security deposit and interest from the loan. A
will only
purchase grains solely for B, and not for any other companies. A
must
provide at least 10,000 tons of grains to B and gradually
increase by
1,000 tons annually starting from
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