Document:

fs1a2ex10xiii_deyu.htm

Exhibit 10.13

 

Corn Purchase Letter of Intent

          Buyer:       Shanghai Yihai Trading Co., Ltd., Shanxi Office

          Supplier:   Jinzhong Yuliang Agricultural Trading Co. Limited

          This CORN PURCHASE LETTER OF INTENT (No.YL2009-001) (“Letter of Intent”) is entered into this 20th day of December, 2009 in Taiyuan City, Shanxi Province, by and between Shanghai Yihai Trading Co., Ltd., Shanxi Office (“Party A”) and Jinzhong Yuliang Agricultural Trading Co., Limited (“Party B”).

          The parties hereto desire to enter into this Letter of Intent to define and set forth the terms and conditions of the corn purchase transaction in 2010 and 2011 between Party A and Party B

          Commodity Specifications

	
Year

	
Name

	
Place of production

	
Specification and Model

	
Quantity

	
Unit

	
Unit price

	
Total price

	
2010

	
Corn

	
Yuci

	
-

	
250,000.00

	
Ton

	
Market price

	
-

	
2011

	
Corn

	
Yuci

	
-

	
500,000.00

	
Ton

	
Market price

	
-

          Buyer hereby promises to purchase the abovementioned commodities in such specification, and except as otherwise agreed upon by both parties, Supplier shall be responsible for providing amount of commodities.

          Purchase Price

          The purchase price shall be determined based on the prevailing market price. Buyer shall deliver two copies of the “Notice Regarding the Corn Purchase Price by Shanghai Yihai Trading Co., Ltd., Shanxi Office” to Supplier. Upon receipt of such notice, Supplier shall sign, seal and retain one copy, and deliver the other signed copy to Buyer. Buyer hereby promises that under any market condition the Supplier’s profit margin shall be no less than RMB60 per ton.

          Commodity Quality Standard

          Under GB1353-2009 Standard Level II: Test weight ≥ 685g/L, Percentage of unsound kernel ≤ 6.0%, Mildew percentage ≤ 2.0%, Percentage of foreign matter ≤ 1.0%, Percentage of water ≤ 14.0%, as well as normal color and scent.

          Mode of Supply

          1.  Supplier shall be responsible for the costs and expenses in connection with the reservation of corns purchased by Buyer;

          2.   Buyer shall send out purchase orders to Supplier ten (10) days in advance of the purchase;

          3.  Buyer shall be solely responsible for the transportation of commodities from Supplier’s warehouse and bear all the cost and expenses;

          4.   Supplier shall provide all the necessary packaging bags with no charge or retrieval;

          5.   Checking standard before acceptance shall be the same as the “Commodity Quality Standard” as mentioned above.

 

  

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          Method and Time of Payment

          Buyer shall pay a 20% advance to Supplier within three (3) days after confirmation of the purchase order; The balance shall be due within two (2) months after acceptance of the commodity and receipt of the value added tax invoice.

          Miscellaneous

          1.  Buyer shall have the right to supervise the purchase and EX-warehouse process by Supplier and provide improvement advice on each sector; and

          2.  Supplier shall complete all the required registration, reporting and other related proceedings in time.

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

 

 

   Buyer:    Shanghai Yihai Trading Co., Ltd., Shanxi Office (SEAL)

 

Supplier:   Jinzhong Yuliang Agricultural Trading Co., Limited (SEAL)

 

 

2fs1a2ex10xiv_deyu.htm

Exhibit 10.14

 

 

Warehouse Lease Agreement

          Party A: Shanxi 661 Warehouse

          Party B: Jinzhong Yongcheng Agriculture Trading Co. Limited

          This WAREHOUSE LEASE AGREEMENT (“Agreement”) is entered into this 21st day of December, 2006 by and between Shanxi 661 Warehouse (“Party A”) and Jinzhong Yongcheng Agriculture Trading Co. Limited (“Party B”).

WITNESSETH

          WHEREAS, the parties hereto desire to enter into this Agreement to define and set forth the terms and conditions of the warehouse leasing 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:

          1.  Party B hereby leases the following properties from Party A:

               A. Eight (8) beams of warehouses, each with an area of 666 square meters and,

               B. Sixteen (16) beams of warehouses, each with an area of 275 square meters.

               Total areas leased: 9,728 square meters.

          2.  The term of this Agreement (“Term”) is twenty (20) years commencing from January 1, 2007 to December 31, 2026. The annual lease fee is RMB152,000, payable in one lump sum each year;

          3.  The warehouses leased by Party B shall be used exclusively for the purpose of cereal reservation;

          4.  Party B shall pay the electricity bill to Party A each month in accordance with the volume of electricity Party B actually used;

          5.   Party B shall not arbitrarily demolish, rebuild or newly construct any projects. Any demolished, rebuilt or newly constructed projects proceeded under the consent of both parties shall be fully restored or demolished to its original condition before the expiration of the Term of this Agreement;

          6.  Party B shall take good care of all the facilities and equipments of Party A within the Term of this Agreement and shall reimburse Party A for any damages to these facilities and equipments. Party B shall also indemnify and hold Party A harmless from and against all expenses to the extent that the expenses are resulting from damages caused by Party B’s inappropriate use of water, electricity and etc.;

          7.   Party B shall be responsible for all the securities issues during the Term of this Agreement;

          8.  Party B shall conduct its business legally, pay all applicable taxes and independently assume civil liabilities;

 

  

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          9.   Party A shall coordinate with surrounding environments;

          10.  All related issues not covered by this Agreement will be negotiated by the parties;

          11.  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: Shanxi 661 Warehouse (SEAL)

 

           Party B:   Jinzhong Yongcheng Agriculture Trading Co. Limited (SEAL)

 

2fs1a2ex10xv_deyu.htm

Exhibit 10.15

 

 

Warehouse Lease Agreement

          Party A: Shanxi Means of Production Company, Yuci Warehouse (formerly, the 671 Warehouse)

          Party B: Jinzhong Yongcheng Agriculture Trading Co. Limited

          This WAREHOUSE LEASE AGREEMENT (“Agreement”) is entered into this 28th day of December, 2008 by and between Shanxi Means of Production Company, Yuci Warehouse (“Party A”) and Jinzhong Yongcheng Agriculture Trading Co. Limited (“Party B”).

WITNESSETH

          WHEREAS, the parties hereto desire to enter into this Agreement to define and set forth the terms and conditions of the warehouse leasing 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:

          1.  Party B hereby leases the following properties from Party A:

               A. Five (5) beams of warehouses, each with an area of 666 square meters and,

               B. Fifteen (15) beams of warehouses, each with an area of 275 square meters.

               Total areas leased: 7,425 square meters.

          2.  The term of this Agreement (“Term”) is twenty (20) years commencing from January 1, 2009 to December 31, 2028. The annual lease fee is RMB100,000, payable in one lump sum each year;

          3.  The warehouses leased by Party B shall be used exclusively for the purpose of cereal reservation;

          4.  Party B shall pay the electricity bill to Party A each month in accordance with the volume of electricity Party B actually used;

          5.   Party B shall not arbitrarily demolish, rebuild or newly construct any projects. Any demolished, rebuilt or newly constructed projects proceeded under the consent of both parties shall be fully restored or demolished to its original condition before the expiration of the Term of this Agreement;

          6.  Party B shall take good care of all the facilities and equipments of Party A within the Term of this Agreement and shall reimburse Party A for any damages to these facilities and equipments. Party B shall also indemnify and hold Party A harmless from and against all expenses to the extent that the expenses are resulting from damages caused by Party B’s inappropriate use of water, electricity and etc.;

          7.   Party B shall be responsible for all the securities issues during the Term of this Agreement;

          8.  Party B shall conduct its business legally, pay all applicable taxes and independently assume civil liabilities;

 

  

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          9.   Party A shall coordinate with surrounding environments;

          10.  All related issues not covered by this Agreement will be negotiated by the parties;

          11.  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: Shanxi Means of Production Company, Yuci Warehouse (SEAL)

 

           Party B:   Jinzhong Yongcheng Agriculture Trading Co. Limited (SEAL)

 

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