**EXHIBIT      10.1**

|   |                                                     | Rabobank                    Nederland Shanghai Branch                                                                                                       |
|--------|----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Date:  | 6                    May 2008                            | Address:                     19F,                    HSBC Tower                                                                                        |
| To:    | Henan                    Zhongpin Food Share Co., Ltd.   |                                      1000 Lujiazui Ring Road           |
|   | 21                    Changshe Road, Changge City, Henan |                                      Pudong New Area, Shanghai, 200120 |
|   |                                                     | Telephone:                    (86) 21 5886 9886                                                                                                             |
|   |                                                     | Telefax:                          (86)                    21 2893 4700                                                        |
|   |                                                     |                                                                                                                                                        |

**Term      Loan Facility**

**BORROWER**

**CORPORATE      GUARANTORS**

**FACILITY**

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| (a) | which                is controlled, directly or indirectly, by the first mentioned company                or                corporation; |
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| (b) | more                than half the issued share capital of which is beneficially owned,                directly or indirectly, by the first mentioned company or corporation;                or |
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| (c) | which                is a Subsidiary of another Subsidiary of the first mentioned company                or                corporation, |
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**SUPPORT/COLLATERAL**

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**DRAWDOWN      PERIOD**

**FINAL      MATURITY DATE**

**REPAYMENT/PREPAYMENT**

| Repayment                Date                          | Repayment                Amount Amount                (if the Facility is fully drawn) / percentage of the outstanding                amount                (if the Facility is not fully drawn) |
|--------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                   |                                                                                                                                                                                             |
| 24                months after the first drawdown date | RMB20,000,000.-.                / 25%                                                                                                                                                            |
| 30                months after the first drawdown date | RMB30,000,000.-                / 37.5%                                                                                                                                                           |
| 36                (Final Maturity Date)                | RMB30,000,000.-                /37.5%                                                                                                                                                            |
|                                                   |                                                                                                                                                                                             |

| a.   | Prepayment                is in a minimum amount of RMB1,000,000.-, and an integral multiple                of                RMB1,000,000.- or an amount agreed by the                Lender; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Any                prepayment shall be made together with accrued interest on the amount                prepaid and subject to thirty (30) days’ prior written notice to the                Lender and Break Costs (if any) to be absorbed by the                Borrower; |
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| c.   | All                prepayment is subject to the Lender’s prior                consent; |
|----------------|----------------------------------------------------------------------------------------------|

| d.   | Any                amount repaid cannot be re-drawn or                re-borrowed. |
|----------------|------------------------------------------------------------------------------------|

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**FEE      AND BILL COMMISSION**

| Arrangement fee: | a non-refundable fee at 0.5% flat on the Facility                amount                which shall be paid upon the acceptance of this Facility                Letter. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**INTEREST      FOR TERM LOAN FACILITY**

**SPECIAL      CONDITIONS:**

| 1.   | The                minimum drawing amount for each advance shall be RMB1,000,000.- and                has to                be in integral multiples of RMB1,000,000.- or an amount agreed by                the                Lender; |
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| 2.   | All                accrued interest is to be paid in full at the end of the interest                period; |
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| 3.   | No                advance shall have a maturity date beyond the expiry date (if any)                of the                Corporate Guarantee; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | No                interest period shall extend beyond the expiry date (if any) of the                Corporate Guarantee; |
|----------------|---------------------------------------------------------------------------------------------------------------------------|

| 5.   | All                amounts including principal, accrued interest, fees and charges shall                be                repaid fourteen (14) days before the expiry date (if any) of the                Corporate                Guarantee; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | The                interest period can either be three (3) or six (6) months as selected                by                the Borrower and agreed by the Lender. No interest period may overrun                the                Final Maturity Date; |
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| 7.   | The                interest payment shall be due every three months or quarterly as                regulated                by PBOC, and shall be adjusted as necessary so that the interest                payment                shall be due on the 21st day of the last month of each quarter and/or                the                last day of the interest period, in either case if such day is not                a day                on which banks are open for business in the PRC (a “PRC Business Day”),                then the interest payment shall be due on the next following PRC                Business                Day. If the interest period or interest payment date for RMB facilities                are otherwise regulated by the PBOC, then the interest period or                interest                payment date shall be determined by the Lender in accordance with                such                regulation; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Prepayment                is allowed in a minimum amount of RMB1,000,000.-, and an integral                multiple                of RMB1,000,000.-, or an amount agreed by the Lender. Any prepayment                shall                be made together with accrued interest on the amount prepaid and                subject                to thirty (30) days’ prior written notice to the Lender and Break Costs                (if any) to be absorbed by the                Borrower; |
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| 9.   | Written                notice of drawing must be given to the Lender three (3) Business                Days                prior to the date of drawing. |
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**CONDITIONS      PRECEDENT **

**SUPPORT/COLLATERAL**

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| 1.   | This                Facility Letter and the GCA (where applicable) duly signed and executed                by                the authorized signatories of the Borrower and the Corporate                Guarantors; |
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| 2.   | Resolutions                of the Board of Directors and/or the resolutions of the shareholders’                meeting (where applicable) of the Borrower approving the borrowing                on the                terms of the Facility Letter and authorising a named representative                or                representatives to execute this Facility Letter, the GCA and any                related                documents on its behalf; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Resolutions                of the Board of Directors and/or the resolutions of the shareholders’                meeting (where applicable) of the Mortgagor approving the borrowing                on the                terms of the Facility Letter and authorising a named representative                or                representatives to execute this Facility Letter and any related documents                on its behalf; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Resolutions                of the Board of Directors and/or the resolutions of the shareholders’                meeting (where applicable) of each of the Corporate Guarantors approving                to provide the Corporate Guarantee and authorising a named representative                or representatives to execute this Facility Letter and the Corporate                Guarantee and any related documents on its behalf; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | A                certified true and updated copy of the Borrower’s, the Mortgagor’s and                each of the Corporate Guarantors’ current enterprise legal person business                licence (Zhen Ben and Fu Ben), certificate of approval (where applicable),                organization code certificate and tax registration certificate                ; |
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| 6.   | A                certified true and updated copy of the articles of association and                any                other constitutional documents of the Borrower, the Mortgagor and                of each                of the Corporate Guarantors at the Lender’s                discretion; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Certified                true and updated copy of i) directors and shareholders list of the                Borrower and of each of the Corporate Guarantors; ii) identity                cards/passports of the directors of the Borrower and of each of the                Corporate Guarantors; iii) directors list of the Borrower’s                shareholder(s), which own(s) above 10% shareholding of the Borrower,                together with the directors’ certified true and updated copy of identity                cards/passports; and iv) the business license, certificate of                approval(where applicable), organization code certificate and tax                registration certificate of the Borrower’s shareholder(s) which own(s)                above 10% shareholding of the                Borrower; |
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| 8.   | Certified                true and updated copy of identity cards/passports of the authorized                signatory(ies) of the Borrower and of each of the Corporate                Guarantors; |
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| 9.   | Evidence                of payment of all stamp duty payable in respect of this Facility                Letter; |
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| 10.   | Certified                true and updated copy of the Borrower’s and each of the Corporate                Guarantors’ PBOC credit registration card with card number(s) and                password(s) and other data or information which are required for                the                Lender to access and service the bank credit register and consulting                system established by the PBOC; |
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| 11.   | Authenticated                specimen signatures of the Borrower’s authorized signatory(ies) and copies                of the Lender’s standard account opening documentation signed by the                Borrower (if applicable); |
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| 12.   | Such                other documents as may be required by the Lender from time to time. |
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**FURTHER      DOCUMENTS AND EVIDENCE TO BE DELIVERED **

| 1.   | Evidence                of completion of any approval, registration and/or other formalities                in                relation to this letter and the Corporate Guarantee with the relevant                PRC                governmental agencies as required by any applicable laws and                regulations; |
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| 2.   | A                    first legal charge over the land at                     (“Pledged Land”) together with the building erected                    or to be erected thereon (the “Pledged Building”,                    together with the Pledged Land, collectively the “Pledged                    Property”) to be entered into by and between the Borrower                    as mortgagor (the “Mortgagor”) and the Lender                    for the Borrower’s obligations under the Facility in                    the form and substance agreed between the Mortgagor, the Borrower                    and the Lender for the Pledged Land (the “Land Mortgage”)                    and the Pledged Building (the “Building Mortgage”,                    together with the Land Mortgage, collectively the “Property                    Mortgage”); |
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| 3.   | Submission                of a valuation appraisal report (to be prepared by a valuer acceptable                to                the Lender) denoting the market value of the Pledged Property of                no less                than RMB80 Million in form and substance satisfactory to the                Lender. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Resolutions                of the Board of Directors and/or the resolutions of the shareholders’                meeting (where applicable) of the Mortgagor approving to provide                the                Property Mortgage and authorising a named representative or                representatives to execute Property Mortgage and any related documents                on                its behalf; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | an                assignment of insurances in agreed form entered into or to be entered                into                between the Mortgagor and Lender pursuant to which, among other things,                the Mortgagor grants security to the Lender over all insurances of                the                Pledged Property (“Assignment of Insurances”) via the application of the                Facility; |
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| 6.   | registration                certificate of the Property Mortgage issued by the relevant local                construction bureau and local land bureau (as                applicable); |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7.   | a                legal opinion prepared by a PRC lawyer acceptable to the Lender pertaining                to the enforceability of the Property Mortgage and Assignment of                Insurances; and |
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| 8.   | Such                other documents as may be required by the Lender from time to                time. |
|----------------|--------------------------------------------------------------------------------------------------------|

**REPRESENTATIONS      AND WARRANTIES**

| 1.   | it                is duly incorporated and validly existing under the laws of the PRC                has                complied with all laws and regulations to which it is                subject; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | it                has full power and authority, and has obtained all necessary approvals,                registrations and licences to enable it, to enter into this Facility                Letter and the Corporate Guarantee; |
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| 3.   | all                information provided to the Lender is true and correct in all respects; |
|----------------|--------------------------------------------------------------------------------------------|

| 4.   | the                Lender has been supplied with an up-to-date copy of its constitutional                documents and confirm the continuous validity                thereof; |
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| 5.   | there                has been no material adverse change in its financial and operations                conditions since 31 December 2006 which would affect its ability                to meet                its obligations hereunder or under the Corporate Guarantee (as the                case                may be); and |
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| 6.   | no                security interest exists over any of its assets or revenue except                as                notified in writing to the Lender. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

**UNDERTAKINGS      AND COVENANTS**

| 1.   | to                ensure that the above Facility is only used for the Purpose as permitted                by the Lender; |
|----------------|--------------------------------------------------------------------------------------------------------------------------|

| 2.   | to                ensure that its payment obligations (including those arising from                ordinary                course of trade business) due to its Group Company and any shareholder(s)                will be subordinated to its obligations due to the Lender under this                Facility Letter and the Borrower will assist the Lender in obtaining                a                subordination or similar agreement from its Group Companies in favor                of                the Lender within the time limit agreed by the Lender; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3.   | that,                subject to clause 2 above, it will ensure that its obligations hereunder                will at all time rank pari passu with all other present and future                unsecured and unsubordinated                obligations; |
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| 4.   | that                save for all encumbrances existing before the grant of the facility                which                shall have been notified in writing to the Lender and those encumbrances                which will be created in favour of the Lender, the Borrower, the                Mortgagor                and the Corporate Guarantors shall not create any security (howsoever                described but excluding security arising by operation of law in the                ordinary course of business) in favour of any other entity or person                without the prior written permission of the                Lender; |
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| 5.   | that                there is no substantial change to the general nature of its business                from                that carried on at the date of this                letter; |
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| 6.   | (i)                that it will not enter into a single transaction or a series of                transactions (whether related or not) and whether voluntary or involuntary                to sell, lease, transfer or otherwise dispose of any                asset; |
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| 7.   | that                it will not enter into any amalgamation, demerger, merger, consolidation                or corporate reconstruction which may have a material adverse effect                in                the sole opinion of the Lender; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | to                maintain an adequate insurance coverage over fixed                assets; |
|----------------|---------------------------------------------------------------------------------------------|

| 9.   | to                deliver to the Lender certified true copies of its (i) half-year                un-audited (and consolidated if any) accounts/interim results within                ninety (90) days from the half-year end of each financial year; (ii)                its                annual audited (and consolidated, if any) financial statements as                soon as                practicable and not later than one hundred and twenty (120) days                after                each fiscal year; and (iii) such other information as the Lender                may                request; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 10.   | to                notify the Lender promptly of the occurrence of any event (including                an                Event of Default as defined in the GCA) which might affect the Borrower’s                ability or the Mortgagor’s ability or the Corporate Guarantor’s ability to                perform its obligations hereunder or the Mortgagor’s ability to perform                its obligations under the Property Mortgage or the Corporate Guarantor’s                ability to perform its obligations under the Corporate Guarantee                or any                change in the ultimate shareholding or control of the Borrower or                of the                Corporate Guarantors; |
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| 11.   | that                the Borrower will continue to own a 100% shareholding (directly or                indirectly) in each of the Corporate                Guarantors; |
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| 12.   | that                any change above 10% in the shareholding structure of the Borrower                or of                the Corporate Guarantor is subject to the Lender’s prior written                consent; |
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| 13.   | the                consolidated CAPEX (including acquisition) should be less than                RMB400,000,000.- throughout the life of the Facility; |
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| 14.   | the                consolidated contingent liabilities should be i) less than                RMB400,000,000.- for the financial year of 2008; and ii) less than                RMB300,000,000.- for the financial years                thereafter; |
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| 15.   | that                the Mortgagor shall deliver to the Lender each of the documents and                evidence referred to under **FURTHER                DOCUMENTS AND EVIDENCE TO BE DELIVERED**                in                this letter and enter into i) the Land Mortgage over the Pledged                Land on                or before three (3) months from the acceptance of the Facility Letter;                ii)                the Building Mortgage over the Pledged Building on or before 31 December                2008; |
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| 1.   | its                ratio of debt to net worth shall be less than 0.8x throughout the                life of                the Facility; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | its                ratio of debt to EBIDTA shall be less than (i) 3x for the financial                year                of 2008 ; (ii) 2.5x for the financial year of 2009; (iii) 2x for                the                financial year of 2010; and (vi) 1.8x for the financial year of 2011                and                thereafter; . |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | its                Interest Coverage Ratio shall be greater than 6x throughout the life                of                the Facility; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | its                Tangible Net Worth shall be no less than RMB900,000,000.- throughout                the                life of the Facility; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

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| 5.   | that                its inter-company indebtedness shall always be less than                RMB500,000,000.-throughout the life of the Facility except for the                loans                against inventory; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | that                70% of its consolidated EBITDA should be generated by the Borrower                and/or                the Corporate Guarantors; if fails, the Lender has the right to                restructure the Facility by requesting additional borrower(s) and/or                guarantor(s) accompanied by execution all such documents (within                thirty                (30) days thereafter) and do all such acts as are necessary to cause                such                entity to execute the Lender’s facility letter and/or guarantee form, and                all other documents and do all such acts as are necessary or appropriate                for such entity to become a borrower and/or a guarantor                hereunder; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | that                its dividends payment shall be less than 50% of its retained earnings                throughout the life of the Facility; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

**EVENTS      OF DEFAULT**

| 1.   | the                Borrower and/or the Corporate Guarantor fails to pay any sum due                under                this letter; or |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | any                representation made by the Borrower and/or the Corporate Guarantor                and/or                the Mortgagor in or in connection with this letter or any certificate,                statement or document delivered or made by the Borrower and/or the                Corporate Guarantor and/or the Mortgagor pursuant hereto proves to                have                been incorrect or inaccurate in any material respect when made;                or |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3.   | the                Borrower and/or the Corporate Guarantor and/or the Mortgagor fails                to                perform or observe any provision or undertakings or covenants of                this                letter; or |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | the                Borrower and/or the Mortgagor and/or the Corporate Guarantor (or                any of                its parent company or subsidiaries) takes corporate action or applies                to                any court for its winding-up or the appointment of a liquidator,                administrator or receiver or similar officer of all or any part of                its                assets; or |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | any                encumbrancer takes possession, or a liquidator, administrator, receiver                or                similar officer is appointed to all or any material part of the                undertaking or assets of the Borrower and/or the Mortgagor and/or                the                Corporate Guarantor (or any of its parent company or subsidiaries)                or any                liquidation, bankruptcy, insolvency, re-organization or similar material                proceedings are instituted by or against the Borrower and/or the                Mortgagor                and/or the Corporate Guarantor (or any of its parent company or                subsidiaries) ; or |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | at                any time it becomes unlawful for the Borrower and/or Mortgagor and/or                the                Corporate Guarantor to perform any of its obligations hereunder or                under                the Property Mortgage or under the Corporate Guarantee;                or |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | if                the Borrower and/or the Corporate Guarantor (or any of its parent                company                or subsidiaries) ceases or threatens to cease to carry on the whole                or a                substantial part of its business, or the Borrower and/or the Corporate                Guarantor (or any of its parent company or subsidiaries) stops or                threatens to stop payment of, or is unable to, or admits inability                to pay                its debts as they fall due, or is deemed unable to pay its debts                pursuant                to or for the purposes of any applicable law, or is adjudicated or                found                bankrupt or insolvent or a moratorium is threatened or declared in                respect                of any of its indebtedness; or |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | at                any time the Property Mortgage is or becomes unlawful or is not,                or ceases                to be legal, valid, binding or enforceable or otherwise ceases to                be                effective; or |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | any                event or series of events occurs which in the reasonable opinion                of the                Lender may materially and adversely affect the ability of the Borrower                and/or the Mortgagor and/or the Corporate Guarantor to comply with                its                obligations as expressed in this Letter or in the Equipment Mortgage                or in                the Corporate Guarantee; or |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | any                other indebtedness (including under any guarantee or similar obligations)                of the Borrower (or any of its parent company or subsidiaries) and/or                the                Mortgagor and/or the Corporate Guarantor (or any of its parent company                or                subsidiaries) (a) is not paid when due or within any applicable grace                period granted in any agreement or instrument relating to that financial                indebtedness or; (b) becomes due and payable or becomes capable of                being                declared due and payable before its normal maturity by reason of                a default                or event of default, howsoever described. |
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**TAXES**

**INCREASED      COSTS**

**ILLEGALITY**

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**ASSIGNMENT      AND TRANSFER**

**GENERAL**

**Out      of pocket expenses**

**Language**

**Standard      Form Documents**

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**GOVERNING      LAW AND JURISDICTION**

**30      May 2008**

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| _/s/                  Yang Wang__________________ | _/s/                  Petrus Bressers_____________  |
|---------------------------------------------------|-----------------------------------------------------|
| Yang                  Wang                        | Petrus                  (Patrick) Bressers          |
| General                  Manager                  | Chief                  Risk & Operating Officer |

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