Document:

fs1a3ex10xix_deyu.htm

 

Exhibit 10.19

 

Agricultural Technology Cooperation Agreement

          Party A:   Jinzhong Deyu Agriculture Trading Co., Ltd.

          Party B:   Millet Research Institute, Shanxi Academy of Agricultural Science

          This AGRICULTURAL TECHNOLOGY COOPERATION AGREEMENT (“Agreement”) is entered into this October 2007 by and between Jinzhong Deyu Agriculture Trading Co., Ltd. (“Party A”) and Millet Research Institute, Shanxi Academy of Agricultural Science (“Party B”).

WITNESSETH

          WHEREAS, the parties hereto desire to enter into this Agreement to define and set forth the terms and conditions of the agricultural technology cooperation 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:

          Purpose

          To promote the industrialization of agricultural technologies by combining Party A’s extensive marketing resource advantages with Party B’s strong scientific development capacities.

          Scope of Cooperation

          1.  Species improvement;

          2.  Green Planting Technology.

          Method and Conditions

          1.  Party A shall further explore and develop market potentials and gradually build a nationwide sales network based on its current sales network and social resources;

          2.  Party A shall collect and participate in corporate scientific research and development projects;

          3.  Party B shall utilize its strong technology development capacities to participate in projects newly received by Party A or jointly confirmed to be participated in by both parties; and

          4.  Party B shall cooperate with and provide technology consultation and support to Party B in the process of business expansion.

          Rights and Duties

          1.  Mutually planned and developed projects shall be jointly owned by both parties;

          2.  Projects unilaterally undertaken by Party B shall be owned by Party B;

          3.  Neither party shall intervene with the other’s internal corporate governance; and

          4.  Both parties shall communicate with each other in a timely manner on any recent development for the purposes of mutual improvement.

 

 

  

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          Ownership of Jointly Developed Projects

          1.  If one party intends to transfer its joint patent rights, the other shall have priority in receiving it;

          2.  If one party unilaterally discontinues the patent application for a joint invention, the other party may continue on its own;

          3.  If a patent is granted after one party abandons the application, the abandoning party shall nonetheless be granted a free and irrevocable right to license the patent;

          4.  If one party does not intend to apply for a patent, the other party shall not do so; and

          5.  Under special circumstances, both parties may stipulate the percentage of ownership and patent application rights for joint technical achievements by contract.

          Confidentiality Provision

 

          1.  Both parties shall keep in strict confidence of all materials, technologies and project design plans received from the other party, and shall utilize those information only within the scope of the cooperation;

          2. All the senior officers and R&D team members of each party shall sign confidentiality agreements with the other promising not to disclose such information to any third parties;

          3.  Confidential information includes, but is not limited to, all project-related information and materials provided by both parties, such as capital operating plans, financial intelligence, client lists, operating strategies, project designs, capital financings, technical data and project business plans, etc.; and

          4.  All direct, indirect, oral or written communication of confidential information in any form without the written consent of both parties constitutes violation of the confidentiality obligation.

          Miscellaneous

          1.  In the event a dispute arises between the parties related to this Agreement, it is hereby agreed that the dispute shall be resolved through negotiation. If the dispute can not be resolved through negotiation, the parties can resort to a binding arbitration commission to resolve this dispute;

          2.  The parties may enter into supplemental agreements to address any additional issue not covered by this Agreement. Such supplemental agreement shall have equal binding effect with this Agreement;

          3.  This Agreement is executed in two (2) copies with each party holding one copy;

 

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and become effective as of the date first above written upon the signature and seals by both parties.

 

Party A:   Jinzhong Deyu Agriculture Trading Co., Ltd.

         By:  /s/ Junde Zhang

                 Junde Zhang

 

Party B:   Millet Research Institute, Shanxi Academy of Agricultural Science

        By:   /s/ Jiezhi Wang

                 Jiezhi Wang

 

 2fs1a3ex10xx_deyu.htm

 

Exhibit 10.20

 

Agricultural Technology Cooperation Agreement

          Party A:   Sorghum Institute, Shanxi Academy of Agricultural Science

          Party B:   Jinzhong Deyu Agriculture Trading Co., Ltd.

          This AGRICULTURAL TECHNOLOGY COOPERATION AGREEMENT (“Agreement”) is entered into this 24th day of August, 2008 by and between Sorghum Institute, Shanxi Academy of Agricultural Science (“Party A”) and Jinzhong Deyu Agriculture Trading Co., Ltd. (“Party B”).

WITNESSETH

          WHEREAS, the parties hereto desire to enter into this Agreement to define and set forth the terms and conditions of the agricultural technology cooperation between Party A and Party B;

          NOW, THEREFORE, in consideration of the mutual covenants and agreements as set forth below, it is hereby covenanted and agreed by both parties as follows:

          1.  Party A shall utilize its technology advantages in new variety cultivation and planting to provide best plant varieties and technical support to Party B;

          2. Party B shall utilize its advantages in capital, market and human resources to accelerate the industrialization of Party A’s new plant variety and technology development;

          3.  Based on specific needs, the parties shall participate in joint project research programs in various forms. All the research funds involved in these programs shall be separately negotiated and contracted by the parties;

          4.  The parties shall jointly build a scientific research and cultivation station in Party A’s Xiuwen Experimental Center to develop new technology and plant species;

          5.  Party A shall be compensated with certain amount of technology fees based on the new technology and plant species used by Party B.

 

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and become effective as of the date first above written upon the signature and seals by both parties.

 

Party A:   Sorghum Institute, Shanxi Academy of Agricultural Science

         By:  /s/ Senlin Tian

                 Senlin Tian

 

Party B:   Jinzhong Deyu Agriculture Trading Co., Ltd.

        By:   /s/ Junde Zhang

                 Junde Zhangfs1a3ex10xxi_deyu.htm

 

Exhibit 10.21

Certificate of Forest Rights

Yuci Forest Right Certificate (2005) No. 01518

Jinzhong Deyu Agriculture Trading Co., Limited:

 

 

Pursuant to the “Forest Law of the People’s Republic of China,” all of your use and/or ownership rights in association with the forest, woods and forest lands as specified in this certificate have been duly registered, and thus are under the protection of PRC law.

Issuing Authority:

 

The People’s Government of Yuci District (SEAL)

 

August 11, 2006

 

  

  

  

 

Register Table for Forest, Woods and Forest Land

 

	 01424010704GDYMSY0005 	 No. 1

 

	
Holder of Forest Land Ownership Rights

	
N/A

	
Holder of Forest Land Use Rights

	
Jinzhong Deyu Agriculture Trading Co., Limited

 

	
Holder of Forest Ownership

	
Jinzhong Deyu Agriculture Trading Co., Limited

	
Holder of Forest Use Rights

	
Jinzhong Deyu Agriculture Trading Co., Limited

 

	
Location

	
Goukou Village, Changning Town, Yuci District

 

	
Village Name

	
Goukou

 

	
Compartment

	
Goukou

	
Sub-Compartment

	
N/A

	
Area

	
5,600 Chinese Mu

 

	
Main Plant Species

	
Aspen/Pine

	
Plant Number

	
N/A

 

	
Forest Type

	
Timber production forest

	
Use Period

 

	
25 years

	
Termination Date

	
August 15, 2028

	
 

           Directions:       East: to Longkeling

 

	
                                     South: to Qingcheng

 

	
                                     West: to Nantou

 

	
                                     North: to Shangzhuang

 

	
Note:

 

 

 

 

	
 

Issuing Authority:                            Yuci Forest Right Register and Issuance Office (SEAL)

                                                               By:  /s/ Youkou Zhao

 

 

                                                               August 11, 2006fs1a3ex10xxii_deyu.htm

Exhibit 10.22

 

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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