Username:
  
  Password:
  
  

 

Exhibit 10.12

(English Translation)

 

Wanqingsha Emperor Banana Land Lease Cooperation Development Contract (“Contract”)

 

Lessor (“Party A”): Fruits Association of Wanqingsha Town, Nansha District, Guangzhou (Representative of Farmers)

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 Wanqingsha Town, Nansha District, Guangzhou, total areas of 1,656.12mu. 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 January 1, 2007 to December 31, 2032.

 

5.

Price: Party B agrees to pay total price of lease to Party A at one time, at 900RMB/mu, 39.2RMB per mu per year. Total price of lease is 1,490,000RMB.

 

6.

Payment: Party B shall pay all the amount in cash before December 30, 2006 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).


This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more