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Contracted Circulation Agreement For Fruits-bearing Land

Sublease Agreement

Contracted Circulation Agreement For Fruits-bearing Land | Document Parties: GHN AGRISPAN HOLDING CO | Xiamen Xinyixiang Catering Distribution Co, Ltd You are currently viewing:
This Sublease Agreement involves

GHN AGRISPAN HOLDING CO | Xiamen Xinyixiang Catering Distribution Co, Ltd

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Title: Contracted Circulation Agreement For Fruits-bearing Land
Date: 10/14/2009

Contracted Circulation Agreement For Fruits-bearing Land, Parties: ghn agrispan holding co , xiamen xinyixiang catering distribution co  ltd
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Exhibit 10.4g

 

Contracted Circulation Agreement For Fruits-bearing Land

 

Party A: Jiang Yonghua (ID No. 620123196701113713)

Party B: Xiamen Xinyixiang Catering Distribution Co., Ltd

 

Through friendly consultation, Party A and Party B have reached this Contract under the terms and conditions set forth as follows:

 

1. Area and Location of the Contracted Fruit-bearing Forest

 

Party A shall subcontract the fruit-bearing land, situated at Jiangjiaying Village Dingyuan Township Yuzhong County with an area of 138.64 mu (hereinafter referred to as “the land for this project”), to Party B, which shall be used by Party B as the base for cultivating fruits for exporting to abroad and high-quality fruit species. The ownership of the contracted land belongs to the collective and Party B shall only have the right of using this land hereto and shall not carry out any activities of buying and selling, leasing, desolating this land or using it as house sites.

 

2. Term

 

The term of this Contract shall be ten years from October 1st, 2009 to September 30th, 2019 (up to the time when all the fruits have been collected in the year).

 

3. Contract Fee and Payment

 

During the land contract period, the contract fee shall be 3000RMB/mu per year with a total amount of RMB four million one hundred and fifty-nine thousand two hundred ( 4,159,200), which shall be paid in three installments. Party B shall pre-pay the rental for three years amounted to RMB one million two hundred and forty-seven thousand seven hundred and sixty ( 1,247,760) on the 10 th day from the date of signing this Contract; and pay the rental for another three years totaled RMB one million two hundred and forty-seven thousand seven hundred and sixty ( 1,247,760) prior to the October 1st, 2012 as well as the rental for the last four years added up to RMB one million six hundred and sixty-three thousand six hundred and eighty ( 1,663,680) before the October 1st, 2015. In the event that Party B fails to pay the abovementioned amount on time, it shall bear the interest arising on the overdue amount which equals to that of the bank over the same period.

 

4. Party A’s Rights and Obligations

 

1). Party A shall guarantee that it has the right to sign this Contract and is entitled to subcontract the mentioned land to Party B for cultivation under this Contract.

 

 

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