Document:

f8k020111ex10iv_neweratech.htm

Exhibit 10.3

 

Entrust Planting Agreement

Part A: Hunan Xiangmei Food Co., Ltd.

Party B: (Local Township Government)

For the purpose to develop good quality of agriculture, increase the income for local farmers, accelerate the agriculture development, Party A plans to enter the contractor agreement with the Party B to plant the Glutinous Rice within the territory of Party B.  This Agreement is entered into by and between the parties, for the purpose to better manage and develop the producing of the Glutinous Rice crops, upon friendly consultations and negotiations, on terms and conditions mutually agreed upon as follows:

	
1.  

	
Party B agrees to lease total 1,000 Mu (666.66 Square Kilometer) land to Party A for the purpose to plant Glutinous Rice with the fee of ¥150.00/Mu.

	
2.  

	
Party A agrees to enter the planting order agreements with the farmers desired by Party B to plant the Glutinous Rice on the above leased total 1,000 Mu land with the planting payment price of ¥581.00/Mu payable to the farmers.

	
3.  

	
Party A agrees to provide Party B the seeds, pesticides and the chemical fertilizer required for the above planting; Party B agrees to provide the necessary tools.

	
4.  

	
Party A shall be responsible to form the Planting Leading Groups, constituted of each member from each Party, for the purpose to supervise and manage the related planting daily matters in the processing of planting development and the parties shall be responsible respectively for the related matters.

	
5.  

	
Party A shall provide Party B necessary instructions on technologies for the planting and Party B shall supervise the farmers to follow the required technology measures desired by Party A during the planting.

	
6.  

	
Party B shall produce the required Glutinous Rice with the standard of 450 kg/ Mu to Party A.  In the event Party B fails to produce the above minimum quantity requirement, Party A has the right to reduce the purchase price payment accordingly at the fair market price for the un-produced total amount (this clause is not applicable in the event of the Force Majeure).

	
7.  

	
This Agreement shall be executed in duplicate upon the following signatures of the parties, and each executed copy shall constitute an original but both of which together shall constitute one and the same instrument.

    Party A: (Corporate Seal)                                                                          Party B: (Individual Signature and Seal)

    Date: 02/    /2010f8k020111ex10v_neweratech.htm

Exhibit 10.4

 

 

Glutinous Rice (“Sticky Rice”) Order and Planting Agreement with Major Suppliers

Part A: Hunan Xiangmei Food Co., Ltd.

Party B:

	
1.  

	
This Agreement is entered into by and between the parties, upon friendly consultations and negotiations, with respect to the raw materials supplied to Party A and for the purpose to expand the financial resources for farmers as major suppliers, on terms and conditions mutually agreed upon as follows:

	
2.  

	
Party B will voluntary plaint Glutinous Rice 1750 Mu (1,166.66 Square Kilometers), which requires the seeds of 4,375 kg.  All produced crops shall be delivered to Party A and Party B shall not retain any of the produced crops for own use.  Party B shall study thoroughly the introductions of planting requirements and the planting technologies before planting and shall fully follow the required planting technologies.

	
3.  

	
Party A shall provide Party B the following qualified seeds: 1) Purity ≧99%; 2) cleanliness≧98%; 3) germination percentage ≧80%; 4) water contained ≦13%.  The sales price of seeds is ¥5.00 /kg and shall be directly deducted from the purchase price paid to Party B at the time when the crops are produced from Party B to Party A.

	
4.  

	
The Glutinous Rice produced from Party B to Party A shall meet the Level #2 of the national commercial crops standards. The minimum purchase price paid to Party B by Party A shall be ¥3.00/kg.

	
5.  

	
Party B shall be fully responsible for the seeds qualities and in the event that Party A fails to provide qualified seeds to Party B in accordance with the standards set forth above, Party A shall compensate Party B accordingly.  In the event that Party B fails to deliver any and all crops produced under this Agreement and such failure has an adverse effect on Party A’s raw materials purchase plans, Party B shall compensate Party A three (3) times of the above sales price of the seeds received from Party A.

	
6.  

	
This Agreement shall be executed in duplicate upon the following signatures of the parties, and each executed copy shall constitute an original but both of which together shall constitute one and the same instrument.

 

	Party A: (Corporate Seal)  	Party B: (Individual Signature and Seal)
	Date: 03/    /2010f8k020111ex10ii_neweratech.htm

Exhibit 10.5

 

 

[Corporate Seal]

Xiangmei Food Co., Ltd.

Suppliers Agreement

 

Raw Material Suppliers Agreement

 

Party A: Hunan Xiangmei Food Co., Ltd.                                      Contract #:

Party B: Tianjin Shuangyi Seasoning and Spices Co., Ltd.

 (Collectively, the parties)

This Agreement is entered into by and between the parties, upon friendly consultations and negotiations under the PRC Contract Law and related rules and regulations, with respect to the raw materials supplied by Party B to Party A, on terms and conditions mutually agreed upon as follows:

 

	
1.  

	
Purchase Items: Seasoning and Species.

	
2.  

	
Purchase Amount: See the Purchase Order Fax Sheets attached herein.

	
3.  

	
Quality Control: Party A authorizes Party B to supply the requested materials under the national quality control standards in accordance to with Party A’s requested manufacturing requirements.

	
4.  

	
Specification and Price: The parties shall follow the agreed specifications requirements and prices.

	
5.  

	
Payment Methods: Payment upon the delivery of the ordered goods to Party A and the completion of quality inspections.

	
6.  

	
Packing Requirement: The packing fee is included in the purchase price.

	
7.  

	
Place of Delivery: Party A shall design the place of delivery and Party B shall pay the delivery costs and expenses and assume the risk of damages and losses to the goods before the destination (“DEQ”).

 

  

  

  

 

	
8.  

	
Time of Delivery:

	
1)  

	
Upon the receipt of the first faxed Purchase Order from Party A, within [ ] business day(s), Party B shall deliver the ordered goods to the destination place.  For the repeated same Purchase Orders afterwards, Party B shall deliver the ordered goods to the destination place within [  ] business day(s).

	
2)  

	
[  ]

 

	
9.  

	
Rights and Obligations of the Parties:

	
1)  

	
In the event that the market of the ordered goods has substantially changed, upon the mutual agreements, the parties can make necessary adjustment to the purchase price in accordance with the market price.  Should the parties fail to reach an agreement on such proposed price adjustment, this Agreement shall be applied as is.

	
2)  

	
In the event that Party B fails to supply the required goods in accordance with the standards in packing and/or specifications, Party A shall have right to reject the delivery.  If Party A rejects the delivery, Party B shall correct the defects and re-deliver required goods under the standards.  Any and all losses incurred by the above re-delivery order shall be fully and solely assumed by Party B.

	
3)  

	
Party B shall provide Party A the Certificate of Manufacturer, Business License and related documents.  The ordered goods shall be in compliance with the related national standards and industrial requirements.

	
4)  

	
Party A shall conduct prompt quality inspection upon the delivery of the goods by Party B at the destination.  Should any quality issue be addressed, Party B shall conduct the on-site resolution immediately and compensate Party A any and all costs and expenses incurred by such quality issues (including, but not limited to, compensations, reasonable attorney’s fees and penalties, etc.)

	
5)  

	
Should there be any quality issues of the goods supplied by Party B and be any accidents resulted by such quality issue(s) to Party A, Party B shall compensate Party A any and all costs and expenses incurred by such quality issues (including, but not limited to, compensations, reasonable attorney’s fees and penalties, etc.).  The inspection conducted by Party A shall not constitute a waiver to the above compensation claims.

 

  

  

  

 

	
6)  

	
Should Party B fail to deliver the ordered goods to Party A within required time period, or cause any delays in delivery, or there be any discrepancy between the ordered amount and delivered amount, Party A shall pay Party A penalty of ¥[  ].

	
7)  

	
The parties shall keep the commercial secrets of each other confidential.

 

	
10.  

	
Amendment or Addendum: None.

	
11.  

	
Special Declaration Clause: None.

	
12.  

	
Effectiveness: 01/25/2010-12/31/2010.

	
13.  

	
This Agreement shall be effective upon the following signatures and corporate seals and shall be executed in two counterparts, each of which shall be deemed original and the parties shall have one counterpart each.  Any disputes between the parties under this Agreement shall be resolved through amicable negotiations in good faith.  In the event that the disputes can not resolved through negotiation, either party shall have the right to sue the other in the local People’s Courts in Party A’s location.

 

	
Party A (Corporate Seal)

	
Party B (Corporate Seal)

	
Authorized Signer: [Taiping Zhou]

	
Authorized Signer:

	
Agent:

	
Agent: [Dawei Guo]

	
Tel:

	
Tel:

	
Fax:

	
Fax:

	
Bank Account: China Agriculture Bank

	
Bank Account: Industrial & Commercial Bank

	
Qiyang County Branch

	
Dongli Branch 2nd Dept.

	
Account #: 20343112100100000039899

	
Account #: 030242209300010445

	
Date: 01/25/2010

	
Date: 01/25/2010

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