ex10-67.htm


    
      
        

      

    

    Exhibit
10.67

     

    Land
Lease Agreement

    
      	 
      
	
              Party
      A: Jianou Lujian Foodstuff Co., Ltd.

            
	
              Party
      B: Council of Jixi Village, Yushan Town, Jian’ou

            
	 
      
	
              The
      Parties have entered into the agreement following amicable consultation.
      The Parties agree as follows:

            
	
              I.  Term:

            
	
                        The
      plot that Party intends to lease to Party A is a bamboo groove at Lingkou
      Village of Yushan Town, covering an area of 41,526 mu, which is
      collectively owned by the villagers of Lingkou. Party A expresses its
      intention to the village Council to convert this plot into a bamboo
      cultivation base in January 2007. Party B agrees to lease the plot to
      Party B for a term of 30 years, between January 1, 2007 and December 31,
      2036.

            


    

     

    
      	
              II.  Party
      A’s obligations and responsibilities:

            
	
              1.

            	
              To
      safeguard the interests of both Parties and keep the project rolling on,
      the Parties agree that Party A shall pay Party B
      RMB 24 million Yuan as a margin, which shall be settled through 4
      phases, as follows:

            
	 
      	
              Phase
      I: RMB 1.6 million Yuan, prior to January 31, 2007;

            
	 
      	
              Phase
      II: RMB 5.6 million Yuan, prior to January 31, 2008;

            
	 
      	
              Phase
      III: RMB 8 million Yuan, prior to May 31, 2009; and

            
	 
      	
              Phase
      IV: RMB 8.8 million Yuan, prior to May 31, 2010.

            
	 
      	
              Party
      A shall not miss the above-mentioned deadline by more than one
      month.

            
	
              2.

            	
              Party
      A shall pay Party B the rent every five years during the term hereof. The
      rent will be calculated at an incremental rate of 10% for each payment,
      starting from first payment: RMB 1.8 million Yuan (as agreed, a discounted
      rate of RMB 700,000 Yuan is given); second payment shall be RMB 1.98
      million Yuan (1.8+1.8* 10%); and third payment shall be RMB 2.2 million
      Yuan (l.98+1.98*10%); and so on.

            
	
              3.

            	
              Party
      A shall pay the rent prior to February 28 of each year, and shall not
      delay payment for over a month.

            
	
              4.

            	
              The
      settlement of margin: The Parties agree that the margin shall be used to
      offset the rent for the last ten years of the Term.

            
	
              5.

            	
              Party
      A shall give villager first emptive rights when employment opportunities
      arise from the base. Party A shall engage its own technical personnel to
      perform maintenance of the base.

            
	
              6.

            	
              Party
      A shall be responsible for the harvest of bamboo shoots. During the Term
      hereof, the ownership of all produce grown in the base shall be vested
      opon Party.

            
	
              7.

            	
              Upon
      Party B’s reclaim of the base following termination hereof, the number of
      bamboo shoots for every mu shall not be less than 120.

            
	 
      	 
      
	
              II.
      Party B’s Obligations and Responsibilities:

            
	
              1.

            	
              Party
      B shall help smooth out the relationship between Party A and the
      villagers, and help settle the disputes, if any.

            
	
              2.

            	
              Party
      B shall ensure that Party A does not grow any other produce on the base,
      or apply fertilizers or pesticides during the term
  hereof.

            


    


    
      
         


      

      
         


        
          

        

      

      
         


      

    

     

    
      	
              3.

            	
              Party
      B shall prevent any theft by the villagers on the base.

            
	
              4.

            	
              During
      the harvest season of January through April, Party B shall have the
      obligation to help Party A collecting the harvested bamboo
      shoots.

            
	 
      	 
      
	
              III.
      Breach of Agreement

            
	
              1.

            	
              Party
      A shall pay the margin and rent as specified, and a delay beyond the
      aforementioned grace period shall constitute breach hereof, in which case,
      Party B shall have the right to confiscate the margin and terminate the
      Agreement.

            
	
              2.

            	
              Party
      A may notify Party B its intention to terminate the Agreement during the
      term hereof, but the margin shall not be refundable. But if Party A can
      find a third Party to assume its responsibilities and obligations hereof
      without damaging the interest of Party B, the Agreement may be
      transferred.

            
	
              3.

            	
              Party
      B shall not terminate the Agreement without any reason during the term
      hereof or enter into separate agreement with any third party. In case of
      breach hereof, Party B shall be held liable for a liquidated damage times
      three of the margin.

            
	 
      	 
      
	
              IV.  Miscellaneous

            
	
              1.

            	
              This
      Agreement shall be executed in three counterparts and come into force upon
      execution.

            
	
              2.

            	
              The
      Parties may enter into separate agreement for matters not mentioned
      herein.

            


    

     

    
      	
              Party
      A: Jianou Lujian Foodstuff Co., Ltd.

            	
              Party
      B: Council of Jixi Village, Yushan Town, Jian’ou

            
	
              Representative:
      Tang Jinrong

            	
              Representative:
      Zhang Jiafu

            
	
              Date:
      December 17, 2006

            	
              Date:
      December 17, 2006

            


    


    
      
         


      

      
         


        
          

        

      

      
         


      

    

     

    Notarial
Certification

    
      	 
      
	
              (2006)
      Jian Zheng Zi No. 0891

            
	
              This
      is to certify that Tang Jinrong, representative of Jianou Lujian Foodstuff
      Co., Ltd. and Zhang Jiafu, representative of Xiji Village, Yushan Town,
      Jian’ou entered into a land lease agreement on December 17, 2006 at this
      notary office.

            


    

     

     

    Jian’an
Notorial Office

     

    Notary:
Zhang Jianguang

    December
17, 2006