Exhibit 10.1
 
FARMLAND TRANSFER AGREEMENT

Transferor:     Shanxi Jinbei Plant Technology Co. Ltd. (hereinafter “Party A”)
Address:          Jima Village, Zhuangzi, Yuci District, Jinzhong City
Transferee:     Detian Yu Biotechnology (Beijing) Co. Ltd. (hereinafter “Party
B”)
Address:          Floor 8, Tower A, Century Center, 8 North Star Road, Chaoyang
District, Beijing

THIS FARMLAND TRANSFER AGREEMENT (the “Agreement”) is entered into this
September 30, 2010 by and between Party A and Party B.

WITNESSETH

          WHEREAS, the parties hereto desire to enter into this Agreement to
define and set forth the terms and conditions of the transfer of farmland use
rights between Party A and Party B.

          NOW, THEREFORE, in consideration of the mutual covenants and
agreements as set forth below, and in compliance with the “Contract Law of the
People’s Republic of China,” it is hereby covenanted and agreed by both parties
as follows:

Land

          1. Pursuant to the “Certificates of Land Use Rights” No. 10015 [2003],
No. 10020 [2003], No. 10024 [2003] and No. 10025 [2003] (“Land Certificates”),
Party A duly owns the land use rights for the following properties
(collectively, the “Land Use Rights”):

Certificate Number
Project
Location
Area (mu)
Term (year)
Purpose of Use
Farmland Certificate No. 10025 [2003]
Yaojiabeiliang, Zhaowangzubei and Cilinanliang in Guzhuang Village, Changning
Town, Jinzhong City
East to the forest area of Qingcheng; West to the border of Wangzhuang and
Shangzhuang;
South to the forest area of Qingcheng, and North to the border of Miaoling
14,000.00
43
Agricultural planting
Farmland Certificate No. 10015 [2003]
Panchanglingbei, Haoyangwei, Shenshan and Hepobei in Matou Village, Changning
Town, Jinzhong City
East to the border of Xiamugua; West to the border of Shazhang; South to the
border of Yangou, and North to Shijiapo
14,000.00
42
Agricultural planting

 
 
 
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Farmland Certificate No. 10024 [2003]
Longkegou, Buhegou and Sanguangnao in Goukou Village, Changning Town, Jinzhong
City
East to Matou; West to Yuanjiayu; South to Wangzhuang, and North to the border
of Shangzhuan Village and Heshun
11,000.00
43
Agricultural planting
Farmland Certificate No. 10020 [2003]
Shengtianzu, Jiyangzhang, Shushunao and Dongnao in Shicaotou Village, Changning
Town, Jinzhong City
 
14,000.00
42
Agricultural planting
Total
   
53,000.00
   

 
          2. Party A hereby agrees to transfer the Land Use Rights to Party B.

Transfer of Land

          1. Within thirty (30) days after the execution of this Agreement,
Party A shall prepare all transfer documents in compliance with the requirements
of the land use regulatory agency (the “Agency”), and deliver the materials to
the Agency for the transfer of the Land Use Rights to Party B. The transfer
shall be deemed complete when Party A receives the notice of acceptance (the
“Notice”) from the Agency.

           2. Within five (5) days after the execution of this Agreement, Party
A shall transfer the land to Party B for possession (“Land Possession”) and sign
a transfer checklist with Party B.

           3. Within ninety (90) days after the execution of this Agreement,
Party A shall transfer the Land Use Rights to the account of Party A (the
“Transfer of Land”).

Price and Payment

           1. The fee for this transfer shall be RMB19,415,000.
           2. Upon the execution of this Agreement, Party B shall pay the
transfer price to Party A.
 
 
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Representations and Warranties

          Party A represents and warrants as follows:

          1. Party A is a corporation duly organized, validly existing and in
good standing under the laws of the People’s Republic of China.

          2. Party A legally owns the Land Use Rights and the ownership of all
fixtures attached to the land. The land is free and clear of all liens, claims,
encumbrances or restrictions of any kind.

           3. Party A will get all the legally required approvals necessary for
the transfer, and

           4. Party A will complete all the transfer formalities.

           Party B represents and warrants as follows:

           1. Party B is a corporation duly organized, validly existing and in
good standing under the laws of the People’s Republic of China, and

            2. Party B will duly perform the payment obligations under this
Agreement.

Rights and Obligations

            1. Party A shall be entitled to the land transfer fee. Party B shall
be liable if it violates this Agreement.

            2. Party A shall be responsible for all the land title transfer
formalities and make sure all the transfer documents are effective and legal.

             3. Party B shall pay the transfer fee on time in accordance with
the terms of this Agreement.

             4. Party B may control the land, acquire the Land Use Rights and
conduct agricultural related activities after possession of the land.

              5. Party B agrees to use the land in a way that is in compliance
with the laws of the People’s Republic of China.

Breach of Agreement

            1. Party A shall pay a penalty of RMB20,000 for each day delay in
acquiring the notice of action, transfer of title or delivering the land to
Party B for possession.

            2. Party B shall pay a penalty of RMB20,000 for each day delay in
paying the land transfer fee.
 
 
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Dispute Resolution

            All disputes arising from or related to this Agreement shall be
submitted to the Jinzhong Arbitration Committee for arbitration in accordance
with its current arbitration rules. Any award of the arbitrator(s) shall be
final and binding on both parties.

Execution and Termination

            1. This Agreement shall become effective upon the seal or signature
by the authorized representatives of both parties.

             2. Party B shall be entitled to unilaterally terminate this
Agreement and request the reimbursement of the paid land transfer fee if the
regulatory agency does not produce the notice of action or approve the transfer
of title. Party A shall pay a penalty equal to 20% of the actual transfer fee if
it breaches this Agreement.

Miscellaneous

             1. All other issues not addressed in this Agreement may be
supplemented by an agreement as negotiated by both parties. The supplemental
agreement shall have the same legal binding effect as this Agreement.

             2. This Agreement may be executed in seven (7) copies with each
party holding two (2) copies and the remaining be used for administrative
purposes.

Party A:   Shanxi Jinbei Plant Technology Co. Ltd.  (SEAL)

Party B:   Detian Yu Biotechnology (Beijing) Co. Ltd.  (SEAL)

Dated this 30th day of September, 2010
Place of Contract: Jinzhong City
 
 
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