Document:

fs12012ex10x_gsp.htm

Exhibit 10.10

Grain Purchase Agreement

 

Party A (Supplier): Jilin Lishu Caijia Zhonggu National Grain Storage Depot

Party A (Purchaser): Jilin Hengchang Agriculture Development Co., Ltd.

Contract No.:

Signed in: Caijia

Signed on: July 4, 2011

	I. Name, Specification, quantity and price:  	Unit: Ton, Yuan

	
Name

	
Quantity

	
Unit price

	
Amount

	
Note

	
Corn

	
10,000

	
2,230.00

	
22,300,000.00

	
Produced in 2010

	
Total

	
10,000

	  	
22,300,000.00

	  
	
Total amount (amount in words): SAY RMB TWENTY-TWO MILLION THREE HUNDRED THOUSAND ONLY

II. Quality requirement and handling opinion:

1. Sensory indexes: light yellow, the granules are tidy, uniform and plump, have normal sense, no heating, no mildew, no live insect.

2. Inspection indexes: moisture≤14.5%, impurity≤1%, mildew≤2%, volume-weight≥685g/L.

III. Delivery time: the delivery shall be completed before August 10, 2011.

IV. Delivery place: the grain is delivered when being loaded from Supplier’s grain depot. Destination station: Liuzhou, Supplier is responsible for drawing up railway transport program and handling with application of railway wagon, and Purchaser shall deposit expenses concerning railway freight invoice into Supplier’s account before application of railway wagon and authorize Supplier to pay for relevant expenses. Purchaser undertakes expenses concerning railway freight invoice (a red copy of railway freight invoice, in which, the insured value is 200 Yuan per wagon). The railway freight VAT deduction recorded as a registration item by shipper shall be declared by Jilin Hengchang Agriculture Development Co., Ltd., and other expenses occurred before goods are unloaded from train shall be borne by Supplier.

V. Inspection and acceptance method and place: Supplier and Purchaser shall conduct quality inspection and weighing at Supplier’s station platform and make settlement according to actual quantity randomly inspected.

VI. Packaging requirement: packaged with woven bags which are not charged and returned. A weigh of 100g shall be deducted for each bag.

VII. Settlement and payment method: within 3 working days after signing of contract, Purchaser shall pay a deposit of RMB 4 million and make the remaining payment in advance before delivery according to delivery progress. The deposit is used as goods payment finally (but not used as goods payment during delivery period); Supplier provides special VAT invoice.

VIII. Default liability and settlement: Supplier shall guarantee the scheduled supply of goods in terms of quality and quantity (except for circumstances the other force majeures including railway transport problem occur). If any party has a default in whole or in part, provisions of Contract Law shall be complied with.

 

  

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IX. Other provisions: any matters not involved herein or disputes shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court which the observant party is located.

This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy, and come into force after being signed and sealed by two parties.

This contract shall become valid upon signing and expires when goods have been supplied and payment has been made. No modification to this contract shall be valid.

	
Name(seal): Jilin Lishu Caijia Zhonggu National Grain Storage Depot

Address: Tiebei, Caijia Town

Legal representative:

Authorized agent:

Tel: 0434-5591177

Fax: 0434-5591177

Opening bank: Gongzhuling Industrial and Commercial Bank of China

Account No: 0804221129001106886

Postal code: 136503

	
Name(seal): Jilin Hengchang Agriculture Development Co., Ltd.

Address:

Legal representative:

Authorized agent:

Tel:

Fax:

Opening bank:

Account No:

Postal code:

 

  

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Grain Purchase Agreement

 

Party A (Supplier): Jilin Lishu Caijia Zhonggu National Grain Storage Depot

Party A (Purchaser): Jilin Hengchang Agriculture Development Co., Ltd.

Contract No.:

Signed in: Caijia

Signed on: June 16, 2011

	I. Name, Specification, quantity and price:  	Unit: Ton, Yuan

	
Name

	
Quantity

	
Unit price

	
Amount

	
Note

	
Corn

	
5,000

	
2,240.00

	
11,200,000.00

	
Produced in 2010

	
Total

	
5,000

	  	
11,200,000.00

	  
	
Total amount (amount in words): SAY RMB ELEVEN MILLION TWO HUNDRED THOUSAND ONLY

II. Quality requirement and handling opinion:

1. Sensory indexes: light yellow, the granules are tidy, uniform and plump, have normal sense, no heating, no mildew, no live insect.

2. Inspection indexes: moisture≤14.5%, impurity≤1%, mildew≤2%, volume weight≥685g/L.

III. Delivery time: the delivery shall be completed before July 20, 2011.

IV. Delivery place: the grain is delivered when being loaded from Supplier’s grain depot. Destination station: Liuzhou, Supplier is responsible for drawing up railway transport program and handling with application of railway wagon, and Purchaser shall deposit expenses concerning railway freight invoice into Supplier’s account before application of railway wagon and authorize Supplier to pay for relevant expenses. Purchaser undertakes expenses concerning railway freight invoice (a red copy of railway freight invoice, in which, the insured value is 200 Yuan per wagon). The railway freight VAT deduction recorded as a registration item by shipper shall be declared by Jilin Hengchang Agriculture Development Co., Ltd., and other expenses occurred before goods are unloaded from train shall be borne by Supplier.

V. Inspection and acceptance method and place: Supplier and Purchaser shall conduct quality inspection and weighing at Supplier’s station platform and make settlement according to actual quantity randomly inspected.

VI. Packaging requirement: packaged with woven bags which are not charged and returned. A weigh of 100g shall be deducted for each bag.

VII. Settlement and payment method: within 3 working days after signing of contract, Purchaser shall pay a deposit of RMB 2 million and make the remaining payment in advance before delivery according to delivery progress. The deposit is used as goods payment finally (but not used as goods payment during delivery period); Supplier provides special VAT invoice.

VIII. Default liability and settlement: Supplier shall guarantee the scheduled supply of goods in terms of quality and quantity (except for circumstances the other force majeures including railway transport problem occur). If any party has a default in whole or in part, provisions of Contract Law shall be complied with.

 

  

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IX. Other provisions: any matters not involved herein or disputes shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court which the observant party is located.

This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy, and come into force after being signed and sealed by two parties. This contract shall become valid upon signing and expires when goods have been supplied and payment has been made. No modification to this contract shall be valid.

	
Name(seal): Jilin Lishu Caijia Zhonggu National Grain Storage Depot

Address: Tiebei, Caijia Town

Legal representative:

Authorized agent:

Tel: 0434-5591177

Fax: 0434-5591177

Opening bank: Gongzhuling Industrial and Commercial Bank of China

Account No: 0804221129001106886

Postal code: 136503

	
Name(seal): Jilin Hengchang Agriculture Development Co., Ltd.

Address:

Legal representative:

Authorized agent:

Tel:

Fax:

Opening bank:

Account No:

Postal code:

 

  

4

  

 

Grain Purchase Agreement

 

Party A (Supplier): Jilin Lishu Caijia Zhonggu National Grain Storage Depot 

Party A (Purchaser): Jilin Hengchang Agriculture Development Co., Ltd.

Contract No.:

Signed in: Caijia

Signed on: April 28, 2011

	I. Name, Specification, quantity and price:  	Unit: Ton, Yuan

	
Name

	
Quantity

	
Unit price

	
Amount

	
Note

	
Corn

	
2,000

	
2,080.00

	
4,160,000.00

	  
	
Total

	
2,000

	  	
4,160,000.00

	  
	
Total amount (amount in words): SAY RMB FOUR MILLION ONE HUNDRED AND SIXTY THOUSAND ONLY

II. Quality requirement and handling opinion:

1. Sensory indexes: light yellow, the granules are tidy, uniform and plump, have normal sense, no heating, no mildew, no live insect.

2. Inspection indexes: moisture≤14.0%, impurity≤1%, mildew≤2%, volume weight≥680g/L.

III. Delivery time: the delivery shall be completed before May 1, 2011.

IV. Delivery place: in Hengchang Company’s plant.

V. Inspection and acceptance method and place: the settlement shall be made according to actual quantity received by Purchaser.

VI. Packaging requirement: bulk grain

VII. Settlement and payment method: within 3 working days after signing of contract, Purchaser shall make full payment according to goods quantity in contract. Otherwise, Supplier has right to cancel the contract; Supplier provides special (or ordinary) VAT invoice.

VIII. Default liability and settlement: If any party has a default in whole or in part, provisions of Contract Law shall be complied with.

 

  

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IX. Other provisions: any matters not involved herein or disputes shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court which the observant party is located.

This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy, and come into force after being signed and sealed by two parties. This contract shall become valid upon signing and expires when goods have been supplied and payment has been made. No modification to this contract shall be valid.

	
Name(seal): Jilin Lishu Caijia Zhonggu National Grain Storage Depot

Address: Tiebei, Caijia Town

Legal representative:

Authorized agent:

Tel: 0434-5591177

Fax: 0434-5591177

Opening bank: Gongzhuling Industrial and Commercial Bank of China

Account No: 0804221129001106886

Postal code: 136503

	
Name(seal): Jilin Hengchang Agriculture Development Co., Ltd.

Address:

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6277946

Opening bank:

Account No:

Postal code:136109

 

6fs12012ex10xi_gsp.htm

Exhibit 10.11

 

Corn Sales Agreement

 

Supplier: Jilin Hengchang Agriculture Development Co., Ltd.

Purchaser: Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Contract No: YM20110613-02

Signed on: June 13, 2011

I. Name, variety, quantity, amount and delivery time::

	
Name

	
Quantity(Ton)

	
Unit price(Yuan/Ton)

	
Total amount(Yuan)

	
Delivery time

	
Yellow corn

	
3,000

	
2,435

	
7,305,000

	
Complete delivery before July 30, 2011

	
The settlement shall be made according to actual quantity received by Purchaser at a price of 2,435 Yuan/ton.

II. Quality standard: Northeast China yellow corn produced in 2010, higher than national standard of Grade-II, volume-weight≥685g/l, impurity≤1.0%, moisture≤14.0%, the other indexes are according to new national standard.

III. Inspection and acceptance method and place: subject to the inspection method conducted in Purchaser’s special railway platform. The settlement and payment shall be made according to the quantity of goods proved to be qualified. The unqualified goods shall be dealt with by two sides through negotiation.

IV. Delivery place and freight: the goods shall be deemed to be delivered when being unloaded to Purchaser’s railway platform (bargaining price on the vehicles).

V. Packaging material: packaged with Supplier’s woven bags which are not charged and returned. A tare of 0.1kg shall be deducted for each bag. The bags shall be sealed by machine and packed with a fixed amount of goods, 60kgs per bag.

VI. Settlement quantity: the settlement quantity shall be subject to quantity showed in Purchaser’s electronic scale. Purchaser shall bear less than 3‰ wastage in transit, and any wastage of more than 3‰ should be borne by Supplier.

VII. Settlement method: after signing of contract, Purchaser shall pay 50% of purchase price to Supplier in advance and make the remaining payment according to delivery progress. The final settlement shall be made after conclusion of contract implementation.

VIII. Default liability: The contract is executed according to law and has binding force on two parties and the two parties shall fulfill obligations according to the terms of contract. Otherwise, they shall bear corresponding legal liabilities.

IX. Method for resolving dispute: any disputes herein shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court, the court of the location of the observant party should be the court of jurisdiction.

X. If there is any modification to the terms of the contract, a separate agreement shall be supplemented by two parties.

 

  

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XI. This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy. This contract shall come into force after being signed and sealed by two parties.

	
Supplier (seal): Jilin Hengchang Agriculture Development Co., Ltd.

 

Address: No. 345, Dongsichang Road, Gongzhuling, Jilin

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6278415

Opening bank:

Account No:

	
Purchaser (seal): Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Address: No. 11-1, Liutai Road, Liuzhou, Guangxi

Legal representative:

Authorized agent:

Tel: 0772-3735272

Fax: 0772-3735297

Opening bank:

Account No:

 

  

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Corn Sales Agreement

 

Supplier: Jilin Hengchang Agriculture Development Co., Ltd.

Purchaser: Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Contract No: YM20110529-01

Signed on: May 29, 2011

I. Name, variety, quantity, amount and delivery time::

	
Name

	
Quantity(Ton)

	
Unit price(Yuan/Ton)

	
Total amount(Yuan)

	
Delivery time

	
Yellow corn

	
2,000

	
2,480

	
4,960,000

	
Complete delivery before Aug 30, 2011

	
The settlement shall be made according to actual quantity received by Purchaser at a price of 2,480 Yuan/ton.

II. Quality standard: Northeast China yellow corn produced in 2010, higher than national standard of Grade-II, volume-weight≥685g/l, impurity≤1.0%, moisture≤14.0%, the other indexes are according to new national standard.

III. Inspection and acceptance method and place: subject to the inspection method conducted in Purchaser’s special railway platform. The settlement and payment shall be made according to the quantity of goods proved to be qualified. The unqualified goods shall be dealt with by two sides through negotiation.

IV. Delivery place and freight: the goods shall be deemed to be delivered when being unloaded to Purchaser’s railway platform (bargaining price on the vehicles).

V. Packaging material: packaged with Supplier’s woven bags which are not charged and returned. A tare of 0.1kg shall be deducted for each bag. The bags shall be sealed by machine and packed with a fixed amount of goods, 60kgs per bag.

VI. Settlement quantity: the settlement quantity shall be subject to quantity showed in Purchaser’s electronic scale. Purchaser shall bear less than 3‰ wastage in transit, and any wastage of more than 3‰ should be borne by Supplier.

VII. Settlement method: The delivery shall be made before payment. The final settlement shall be made after conclusion of contract implementation.

VIII. Default liability: The contract is executed according to law and has binding force on two parties and the two parties shall fulfill obligations according to the terms of contract. Otherwise, they shall bear corresponding legal liabilities.

IX. Method for resolving dispute: any disputes herein shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court, the court of the location of the observant party should be the court of jurisdiction.

X. If there is any modification to the terms of the contract, a separate agreement shall be supplemented by two parties.

 

  

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XI. This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy. This contract shall come into force after being signed and sealed by two parties.

	
Supplier (seal): Jilin Hengchang Agriculture Development Co., Ltd.

 

Address: No. 345, Dongsichang Road, Gongzhuling, Jilin

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6278415

Opening bank:

Account No:

	
Purchaser (seal): Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Address: No. 11-1, Liutai Road, Liuzhou, Guangxi

Legal representative:

Authorized agent:

Tel: 0772-3735272

Fax: 0772-3735297

Opening bank:

Account No:

 

  

4

  

Corn Sales Agreement

 

Supplier: Jilin Hengchang Agriculture Development Co., Ltd.

Purchaser: Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Contract No: YM20110513-01

Signed on: May 13, 2011

I. Name, variety, quantity, amount and delivery time::

	
Name

	
Quantity(Ton)

	
Unit price(Yuan/Ton)

	
Total amount(Yuan)

	
Delivery time

	
Yellow corn

	
10,000

	
2,450

	
24,500,000

	
Complete delivery before Aug 30, 2011

	
The settlement shall be made according to actual quantity received by Purchaser at a price of 2,450 Yuan/ton.

II. Quality standard: Northeast China yellow corn produced in 2010, higher than national standard of Grade-II, volume-weight≥685g/l, impurity≤1.0%, moisture≤14.0%, the other indexes are according to new national standard.

III. Inspection and acceptance method and place: subject to the inspection method conducted in Purchaser’s special railway platform. The settlement and payment shall be made according to the quantity of goods proved to be qualified. The unqualified goods shall be dealt with by two sides through negotiation.

IV. Delivery place and freight: the goods shall be deemed to be delivered when being unloaded to Purchaser’s railway platform (bargaining price on the vehicles).

V. Packaging material: packaged with Supplier’s woven bags which are not charged and returned. A tare of 0.1kg shall be deducted for each bag. The bags shall be sealed by machine and packed with a fixed amount of goods, 60kgs per bag.

VI. Settlement quantity: the settlement quantity shall be subject to quantity showed in Purchaser’s electronic scale. Purchaser shall bear less than 3‰ wastage in transit, and any wastage of more than 3‰ should be borne by Supplier.

VII. Settlement method: Purchaser shall pay purchase price to Supplier on June 20, 2011. The final settlement shall be made after conclusion of contract implementation.

VIII. Default liability: The contract is executed according to law and has binding force on two parties and the two parties shall fulfill obligations according to the terms of contract. Otherwise, they shall bear corresponding legal liabilities.

IX. Method for resolving dispute: any disputes herein shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court, the court of the location of the observant party should be the court of jurisdiction.

X. If there is any modification to the terms of the contract, a separate agreement shall be supplemented by two parties.

 

  

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XI. This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy. This contract shall come into force after being signed and sealed by two parties.

	
Supplier (seal): Jilin Hengchang Agriculture Development Co., Ltd.

 

Address: No. 345, Dongsichang Road, Gongzhuling, Jilin

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6278415

Opening bank:

Account No:

	
Purchaser (seal): Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Address: No. 11-1, Liutai Road, Liuzhou, Guangxi

Legal representative:

Authorized agent:

Tel: 0772-3735272

Fax: 0772-3735297

Opening bank:

Account No:

  

6

  

 

Corn Sales Agreement

 

Supplier: Jilin Hengchang Agriculture Development Co., Ltd.

Purchaser: Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Contract No: YM20110613-01

Signed on: June 13, 2011

I. Name, variety, quantity, amount and delivery time::

	
Name

	
Quantity(Ton)

	
Unit price(Yuan/Ton)

	
Total amount(Yuan)

	
Delivery time

	
Yellow corn

	
22,000

	
2,543

	
55,946,000

	
Complete delivery before July 30, 2011

	
The settlement shall be made according to actual quantity received by Purchaser at a price of 2,543 Yuan/ton.

II. Quality standard: Northeast China yellow corn produced in 2010, higher than national standard of Grade-II, volume-weight≥685g/l, impurity≤1.0%, moisture≤14.0%, the other indexes are according to new national standard.

III. Inspection and acceptance method and place: subject to the inspection method conducted in Purchaser’s special railway platform. The settlement and payment shall be made according to the quantity of goods proved to be qualified. The unqualified goods shall be dealt with by two sides through negotiation.

IV. Delivery place and freight: the goods shall be deemed to be delivered when being unloaded to Purchaser’s railway platform (bargaining price on the vehicles).

V. Packaging material: packaged with Supplier’s woven bags which are not charged and returned. A tare of 0.1kg shall be deducted for each bag. The bags shall be sealed by machine and packed with a fixed amount of goods, 60kgs per bag.

VI. Settlement quantity: the settlement quantity shall be subject to quantity showed in Purchaser’s electronic scale. Purchaser shall bear less than 3‰ wastage in transit, and any wastage of more than 3‰ should be borne by Supplier.

VII. Settlement method: After signing of contract, Purchaser shall pay 50% of purchase price to Supplier in advance and make the remaining payment according to delivery progress. The final settlement shall be made after conclusion of contract implementation.

VIII. Default liability: The contract is executed according to law and has binding force on two parties and the two parties shall fulfill obligations according to the terms of contract. Otherwise, they shall bear corresponding legal liabilities.

IX. Method for resolving dispute: any disputes herein shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court, the court of the location of the observant party should be the court of jurisdiction.

X. If there is any modification to the terms of the contract, a separate agreement shall be supplemented by two parties.

 

  

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XI. This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy. This contract shall come into force after being signed and sealed by two parties.

	
Supplier (seal): Jilin Hengchang Agriculture Development Co., Ltd.

 

Address: No. 345, Dongsichang Road, Gongzhuling, Jilin

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6278415

Opening bank:

Account No:

	
Purchaser (seal): Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Address: No. 11-1, Liutai Road, Liuzhou, Guangxi

Legal representative:

Authorized agent:

Tel: 0772-3735272

Fax: 0772-3735297

Opening bank:

Account No:

  

8

  

Corn Sales Agreement

 

Supplier: Jilin Hengchang Agriculture Development Co., Ltd.

Purchaser: Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Contract No: YM20110613-02

Signed on: June 13, 2011

I. Name, variety, quantity, amount and delivery time::

	
Name

	
Quantity(Ton)

	
Unit price(Yuan/Ton)

	
Total amount(Yuan)

	
Delivery time

	
Yellow corn

	
3,000

	
2,435

	
7,305,000

	
Complete delivery before July 30, 2011

	
The settlement shall be made according to actual quantity received by Purchaser at a price of 2,435 Yuan/ton.

II. Quality standard: Northeast China yellow corn produced in 2010, higher than national standard of Grade-II, volume-weight≥685g/l, impurity≤1.0%, moisture≤14.0%, the other indexes are according to new national standard.

III. Inspection and acceptance method and place: subject to the inspection method conducted in Purchaser’s special railway platform. The settlement and payment shall be made according to the quantity of goods proved to be qualified. The unqualified goods shall be dealt with by two sides through negotiation.

IV. Delivery place and freight: the goods shall be deemed to be delivered when being unloaded to Purchaser’s railway platform (bargaining price on the vehicles).

V. Packaging material: packaged with Supplier’s woven bags which are not charged and returned. A tare of 0.1kg shall be deducted for each bag. The bags shall be sealed by machine and packed with a fixed amount of goods, 60kgs per bag.

VI. Settlement quantity: the settlement quantity shall be subject to quantity showed in Purchaser’s electronic scale. Purchaser shall bear less than 3‰ wastage in transit, and any wastage of more than 3‰ should be borne by Supplier.

VII. Settlement method: after signing of contract, Purchaser shall pay 50% of purchase price to Supplier in advance and make the remaining payment according to delivery progress. The final settlement shall be made after conclusion of contract implementation.

VIII. Default liability: The contract is executed according to law and has binding force on two parties and the two parties shall fulfill obligations according to the terms of contract. Otherwise, they shall bear corresponding legal liabilities.

IX. Method for resolving dispute: any disputes herein shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court, the court of the location of the observant party should be the court of jurisdiction.

X. If there is any modification to the terms of the contract, a separate agreement shall be supplemented by two parties.

 

  

9

  

 

XI. This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy. This contract shall come into force after being signed and sealed by two parties.

	
Supplier (seal): Jilin Hengchang Agriculture Development Co., Ltd.

 

Address: No. 345, Dongsichang Road, Gongzhuling, Jilin

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6278415

Opening bank:

Account No:

	
Purchaser (seal): Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Address: No. 11-1, Liutai Road, Liuzhou, Guangxi

Legal representative:

Authorized agent:

Tel: 0772-3735272

Fax: 0772-3735297

Opening bank:

Account No:

  

10

  

Corn Sales Agreement

 

Supplier: Jilin Hengchang Agriculture Development Co., Ltd.

Purchaser: Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Contract No: YM20111028-DK

Signed on: October 28, 2011

I. Name: Yellow corn type

II. Quantity: 4,000 tons

III. Unit price: 2,520 Yuan/Ton

IV. Delivery time: the delivery shall be completed before January 31, 2012.

V. Quality standard: Northeast China yellow corn produced in 2011, higher than national standard of Grade-II, volume-weight≥685g/L, impurity≤1.0%, moisture≤14.0%, the other indexes are according to new national standard.

VI. Inspection and acceptance method and place: subject to the inspection method conducted in Purchaser’s special railway platform. The settlement and payment shall be made according to the quantity of goods proved to be qualified. The unqualified goods shall be dealt with by two sides through negotiation.

VII. Delivery place and freight: the goods shall be deemed to be delivered when being unloaded to Purchaser’s railway platform (bargaining price on the vehicles).

VIII. Packaging material: packaged with Supplier’s woven bags which are not charged and returned. A tare of 0.1kg shall be deducted for each bag. The bags shall be sealed by machine and packed with a fixed amount of goods, 60kgs per bag.

IX. Settlement quantity: The settlement quantity shall be subject to quantity showed in Purchaser’s electronic scale. Purchaser shall bear less than 3‰ wastage in transit, and any wastage of more than 3‰ should be borne by Supplier.

X. Settlement method: After signing of contract, Purchaser shall pay full purchase price to Supplier in one time. The final settlement shall be made after conclusion of contract implementation.

XI. Default liability: The contract is executed according to law and has binding force on two parties and the two parties shall fulfill obligations according to the terms of contract. Otherwise, they shall bear corresponding legal liabilities.

XII. Method for resolving dispute: any disputes herein shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court, the court of the location of the observant party should be the court of jurisdiction.

XIII. If there is any modification to the terms of the contract, a separate agreement shall be supplemented by two parties.

 

  

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XIV. This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy. This contract shall come into force after being signed and sealed by two parties.

	
Supplier (seal): Jilin Hengchang Agriculture Development Co., Ltd.

 

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6278415

Account No: 22001626238055010311

Opening bank: China Construction Bank, Gongzhuling Branch

	
Purchaser (seal): Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Legal representative:

Authorized agent:

Tel: 0772-3735272

Fax: 0772-3735297

 

  

12

  

 

Corn Sales Agreement

 

Supplier: Jilin Hengchang Agriculture Development Co., Ltd.

Purchaser: Guangxi Liuzhou National Grain Storage Depot

Contract No: YM20110211-01

Signed on: February 11, 2011

I. Name: Yellow corn type

II. Quantity: 20,000 tons

III. Unit price: 2,350 Yuan/Ton (Price components: grain purchase price 1960 Yuan/Ton + Expense 390 Yuan/Ton).

IV. Delivery time: the delivery shall be completed before May 30, 2011.

V. Quality standard: Northeast China yellow corn produced in 2011, higher than national standard of Grade-II, volume-weight≥685g/L, impurity≤1.0%, moisture≤14.0%, the other indexes are according to new national standard.

VI. Inspection and acceptance method and place: subject to the inspection method conducted in Purchaser’s special railway platform. The settlement and payment shall be made according to the quantity of goods proved to be qualified. The unqualified goods shall be dealt with by two sides through negotiation.

VII. Delivery place and freight: the goods shall be deemed to be delivered when being unloaded to Purchaser’s railway platform (bargaining price on the vehicles).

VIII. Packaging material: packaged with Supplier’s woven bags which are not charged and returned. A tare of 0.1kg shall be deducted for each bag. The bags shall be sealed by machine and packed with a fixed amount of goods, 60kgs per bag.

IX. Settlement quantity: The settlement quantity shall be subject to quantity showed in Purchaser’s electronic scale. Purchaser shall bear less than 3‰ wastage in transit, and any wastage of more than 3‰ should be borne by Supplier.

X. Settlement method: After signing of contract, Purchaser shall pay purchase price to Supplier while receiving the goods. The final settlement shall be made after conclusion of contract implementation.

XI. Default liability: The contract is executed according to law and has binding force on two parties and the two parties shall fulfill obligations according to the terms of contract. Otherwise, they shall bear corresponding legal liabilities.

XII. Method for resolving dispute: any disputes herein shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court, the court of the location of the observant party should be the court of jurisdiction.

XIII. If there is any modification to the terms of the contract, a separate agreement shall be supplemented by two parties.

 

  

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XIV. This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy. This contract shall come into force after being signed and sealed by two parties.

	
Supplier (seal): Jilin Hengchang Agriculture Development Co., Ltd.

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6278415

	
Purchaser (seal): Guangxi Liuzhou National Grain Storage Depot

Legal representative:

Authorized agent:

Tel: 0772-3735272

Fax: 0772-3735297

 

 

  

14

  

 

Corn Sales Agreement

 

Supplier: Jilin Hengchang Agriculture Development Co., Ltd.

Purchaser: Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Contract No: YM20110613-01

Signed on: June 13, 2011

I. Name, variety, quantity, amount and delivery time::

	
Name

	
Quantity(Ton)

	
Unit price(Yuan/Ton)

	
Total amount(Yuan)

	
Delivery time

	
Yellow corn

	
22,000

	
2,543

	
55,946,000

	
Complete delivery before July 30, 2011

	
The settlement shall be made according to actual quantity received by Purchaser at a price of 2,543 Yuan/ton.

II. Quality standard: Northeast China yellow corn produced in 2010, higher than national standard of Grade-II, volume-weight≥685g/l, impurity≤1.0%, moisture≤14.0%, the other indexes are according to new national standard.

III. Inspection and acceptance method and place: subject to the inspection method conducted in Purchaser’s special railway platform. The settlement and payment shall be made according to the quantity of goods proved to be qualified. The unqualified goods shall be dealt with by two sides through negotiation.

IV. Delivery place and freight: the goods shall be deemed to be delivered when being unloaded to Purchaser’s railway platform (bargaining price on the vehicles).

V. Packaging material: packaged with Supplier’s woven bags which are not charged and returned. A tare of 0.1kg shall be deducted for each bag. The bags shall be sealed by machine and packed with a fixed amount of goods, 60kgs per bag.

VI. Settlement quantity: the settlement quantity shall be subject to quantity showed in Purchaser’s electronic scale. Purchaser shall bear less than 3‰ wastage in transit, and any wastage of more than 3‰ should be borne by Supplier.

VII. Settlement method: after signing of contract, Purchaser shall pay 50% of purchase price to Supplier in advance and make the remaining payment according to delivery progress. The final settlement shall be made after conclusion of contract implementation.

VIII. Default liability: The contract is executed according to law and has binding force on two parties and the two parties shall fulfill obligations according to the terms of contract. Otherwise, they shall bear corresponding legal liabilities.

IX. Method for resolving dispute: any disputes herein shall be resolved by two sides upon friendly consultations. If consultation fails, such disputes shall be submitted to competent court, the court of the location of the observant party should be the court of jurisdiction.

X. If there is any modification to the terms of the contract, a separate agreement shall be supplemented by two parties.

 

  

15

  

 

XI. This contract shall be made in duplicate (the fax copy is valid), with each party holding each copy. This contract shall come into force after being signed and sealed by two parties.

	
Supplier (seal): Jilin Hengchang Agriculture Development Co., Ltd.

 

Address: No. 345, Dongsichang Road, Gongzhuling, Jilin

Legal representative:

Authorized agent:

Tel: 0434-6277946

Fax: 0434-6278415

Opening bank:

Account No:

	
Purchaser (seal): Guangxi Zhuang Autonomous Region Liuzhou Grain Storage Depot

Address: No. 11-1, Liutai Road, Liuzhou, Guangxi

Legal representative:

Authorized agent:

Tel: 0772-3735272

Fax: 0772-3735297

Opening bank:

Account No:

 

 

16

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