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Land Contracted Circulation Agreement

Sublease Agreement

Land Contracted Circulation Agreement | Document Parties: GHN AGRISPAN HOLDING CO | Xiamen Yijun Modern Agricultural Development Co, Ltd You are currently viewing:
This Sublease Agreement involves

GHN AGRISPAN HOLDING CO | Xiamen Yijun Modern Agricultural Development Co, Ltd

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Title: Land Contracted Circulation Agreement
Date: 10/14/2009

Land Contracted Circulation Agreement, Parties: ghn agrispan holding co , xiamen yijun modern agricultural development co  ltd
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Exhibit 10.4a

 

Land Contracted Circulation Agreement

 

Party A: YAN Mingshu

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 Forty mu of contracted land (field), and the contracted land at Baishi West , also of Tong’an Zhuba Farm New Village Administration Area , with Sixty mu of contracted land (field), totaling One Hundred 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 55,000.00 (renminbi FIFTY FIVE 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.

 

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 planti


 
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