Exhibit 10.13
(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 3,280mu. 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 Aug 1, 2008 to
July 30, 2033.
5.
Price: Party B agrees to pay total
price of lease to Party A at one time, at 1,250RMB/mu, 50RMB per mu
per year. Total price of lease is 4,100,000 RMB.
6.
Payment: Party B shall pay all the
amount in cash before Mar 31, 2008 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). Within