Exhibit
10.4e
Land Contracted Circulation
Agreement
Party B:
Xiamen Yijun Modern Agricultural Development Co.,
Ltd.
Witness:
Tong’an District Zhuba Overseas Chinese
Farm
This Agreement
is signed by and between the Parties upon full negotiations, on
terms and conditions as follows:
I. Area,
location and grade of land subcontracted
Party A shall
subcontract the contracted land at Liucuo Production Squad
of Tong’an Zhuba Farm New Village Administration Area
, with Fifty mu of contracted land (field) (hereinafter land
of the Project) to Party B for exported vegetable growth and
quality variety fostering bases. The ownership of the lands
contracted belongs to the collective unit, while Party B only has
the land use right and may not trade, lease or idle away the lands,
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 550.00 (renminbi FIVE HUNDRED AND FIFTY yuan
only) /mu/year. The charges shall be payable by year in a lump
sum, namely, a payment of RMB 30,800.00 (renminbi THIRTY
THOUSAND AND EIGHT 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.
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 lands to Party
B for agreed use as plantation bases, or Party A shall have handled
all necessary formalities (if any such).
2. During the
subcontract period, Party A shall ensure that, the lands for the
Project shall qualify the tests and reviews relevant state
authorities carry out on Non-polluting Plantation Land, and can be
granted relevant certificates and accreditations.
3. During the
subcontract period, where Party B requests for the purpose of
planting, Party A shall conduct upon authorization of Party B the
planting management over the subcontracted lands (
