Exhibit
10.4c
Land Contracted Circulation
Agreement
Party A:
Xiamen Sanxiushan Vegetable Professional
Cooperative
Party B:
Xiamen Yijun Modern Agricultural Development Co.,
Ltd.
Witness:
Tong’an District Zhuba Overseas Chinese Farm New Village
Administration Zone, Xiamen City
With a view to enhancing mutual growth of the
Parties, and promoting the Cooperative’s capacity in the
supply of lands and products and cooperation projects, this
Agreement is signed by and between the Parties for the purpose of
increasing common interests through cooperation to develop to the
full their respective strengths.
The Parties
reach agreement on the intent and mode of cooperation, stipulated
as follows.
I. Area,
location and grade of land subcontracted
Party A shall
subcontract the Twenty Two mu of one connected piece of land
it contracted (hereinafter the Project land) to Party B for
exported vegetable growth and quality variety fostering bases, the
land being at the Mount Fengli, Zhuba Overseas Chinese Farm, east
to Zhuba Village, west to the highway, south to the wind prevention
forest, and north to the Longyan forest. The ownership of the land
contracted belongs to the collective unit, while Party B only has
the land use right and may not trade, lease or idle away the land,
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 800.00 (renminbi EIGHT HUNDRED yuan only)/ mu
/year. The charges shall be payable by year in a lump sum, namely,
a payment of RMB 17,600.00 (renminbi SEVENTEEN THOUSAND SIX
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 ag