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Asia Green Agriculture Corporation: Exhibit 10.2 - Filed by newsfilecorp.com

Exhibit 10.2 

RMB Liquid Fund Loan Contract 

Contract No.: (2011) Jian Ping Song Dai CZ Zi No.2 

	Borrower (Party A): Fujian Yada Group Co., Ltd
  
	Domicile (Address): Shuinan Industrial Road,
      Songxi County, Zip Code: 353500 
	Legal Representative: Zhan Youdai 
	Fax: 2332598 	Tel: 2332688 

	Lender (Party B): Songxi Branch of China
      Construction 
	Bank Corporation Ltd. 
	Domicile (Address): No. 121, Jiefang Street,
      Songyuan Town, Zip Code: 353500 
	Songxi Province 
	Legal Representative: Liu Liquan 
	Fax: 2322644 	Tel: 2322670 

Exhibit 10.2 

For the purpose as set forth in Article 2 of this Contract,
Party A hereby applies to Party B for a loan, and Party B agrees to release the
loan to Party A (the “Loan”). This Contract is made in line with Contract
Law of the People's Republic of China and the General Provisions of Loans to
specify the rights and obligations of parties involved.

ARTICLE 1     AMOUNT OF LOAN 

Party A borrows RMB (In words) Two Million and Nine Hundred
Thousand from Party B. 

ARTICLE 2     USAGE OF LOAN AND SOURCE
OF REPAYMENT 

Purpose of the Loan, source of the repayment under the Contract
will be referred to Annex 1 named “Basic Information of the Loan”. 

ARTICLE 3     TERM OF LOAN 

The term of loan under this Contract is 12 months, commencing
from February 16, 2011, and ending on February 16, 2012. 

In the event that the commencement date of the Loan under this
Contract conflicts with the archived document (loan receipt), the actual issuing
date of the Loan demonstrated on the Loan archived document at the first time of
issuance of such a loan shall govern and the aforementioned maturity date of the
Loan shall change accordingly. 

The archived document is part of the Contract with equal legal
effect.

ARTICLE 4     INTEREST RATE OF THE LOAN,
PENALTY INTEREST RATE, CALCULATION AND SETTLEMENT 

1.     Interest Rate of the Loan 

The interest of the loan under this Contract is calculated on a
per annum basis in accordance with the section (2) as follows:

(1)          Fixed rate at
___%, within the term of the Loan, this rate will not be adjusted;

(2)          The interest rate
shall be the benchmark rate at the commencing date of the interest (the
“Commencement Rate”) at the corresponding level plus (plus/ minus)
0%, such interest rate will not change within the term of the Loan;

(3)          Floating rate
shall be the benchmark rate at the Commencement Date at the corresponding level
___ (plus/ minus) __%, and such floating rate shall be adjusted
once ___ months in accordance with the benchmark rate of the rate adjusting date
as well as the above plus/ minus level from the interest
commencing date to the liquidation date of fulfilling all the principal and
interests under the Contract; or

(4)          __________. 

Exhibit 10.2 

2.     Penalty Interest Rate 

(1)          In the
event that Party A does not use the Loan in accordance with this Contract, the
penalty interest rate will be the interest rate of the Loan plus 100%. If
the interest rate of the Loan has been adjusted in line with the above section
(3), the penalty interest rate will be adjusted based upon the above interest
rate and the corresponding level accordingly. 

(2)          The
penalty interest rate of the overdue Loan will be the interest rate of the Loan
plus 50%. If the interest rate of the Loan has been adjusted in line with
the above section (3), the penalty interest rate will be adjusted based upon the
above interest rate and the corresponding level accordingly. 

(3)          In
the condition that both the loan becomes overdue and there is misuse of the
Loan, the penalty rate or a double rate should be imposed subject to the
severity. 

3.     The Commencement Date hereof means
the date when the initially issued Loan is archived to the loan issuing account
(the “Loan Issuing Account”) as agreed in Article 6 of the Contract.

The benchmark interest rate at the first time of issuance of
the Loan means the loan interest rate at the corresponding time and level
announced by the People’s Bank of China. Thereafter, when the aforementioned
interest rate is adjusted, the benchmark interest rate means the loan interest
at the corresponding time and level announced by the People’s Bank of China on
the adjustment date. If the People’s Bank of China does not announce the loan
interest at the corresponding time and level, the benchmark interest rate will
be the loan interest rate recognized by inter-banks or at the usual and
corresponding time and level on the adjusting date, unless both Parties agree
otherwise. 

4.     The interest of the Loan will
commence from the date when the Loan is archived to the Loan Issuing Account.
The interest of the Loan will be calculated on a daily basis (daily interest
rate=annual interest rate/360). If Party A fails to pay for the interest on the
settlement date as agreed under this Contract, the compound interest rate will
be collected from the following day. 

5.     Settlement of Interest 

(1)          A
loan with a fixed interest rate shall be settled in accordance with the agreed
interest rate. For a loan with a floating interest rate, the interest rate shall
be decided based upon the interest rate in each floating term.

 

Exhibit 10.2 

(2)          This
Contract shall settle the interest based upon section (i) as follows:

(i) monthly settlement of the interest; the settlement date
will be 20th day of each month; 

(ii) quarterly settlement of the
interest; the settlement date will be 20th day of the last month of
each quarter; or 

(iii) __________. 

ARTICLE 5     ISSUANCE AND PAYMENT OF
THE LOAN 

1.     Precondition of Issuing Loan 

Unless the following preconditions are consecutively satisfied
or Party B gives up the whole or part of such preconditions, Party B is
obligated to issue the Loan as long as: 

(1)          Party
  A has fulfilled related approvals, registrations, deliveries, insurance and
  other legal procedures as required under this Contract; 

  (2)          If the Contract requires
  any guarantee, such guarantee meeting Party B’s requirements has been effective
  and continues to be effective; 

  (3)          Party A has opened
  an account for withdrawing and depositing money as required by Party B; 

  (4)          Party B does not breach
  the Contract; 

  (5)          No situation that
  will harm the credit of Party A as agreed under the Contract has occurred; 

  (6)          Issuance of the Loan
  under the Contract by Party B is not prohibited or limited by laws, regulations
  or competent authorities; 

  (7)          The financing index
  of Party A consecutively meets the requirements as addressed in Annex 2 titled
  “Financing Index Binding Provision”; 

  (8)          Party A has submitted
  relevant materials as agreed in the Contract prior to issuing the Loan; 

  (9)          The materials provided
  by Party A to Party B are legal, authentic, integrated, accurate, effective
  and meet the other requirements of Party B; and 

  (10)        Other pre-conditions: _____________________.

2.     Loan-paying Plan 

Loan paying means Party B issues the Loan to the Loan Issuing
Account in accordance with the requirements of Party B and as agreed in the
Contract. 

Loan-paying plan shall be decided in accordance with the first
method as follows: 

(1)         
Loan-paying Plan: 

	 	(i) February 16, 2011 	Amount: RMB 2,900,000 
	 	(ii) Date 	Amount 
	 	(iii) Date 	Amount 
	 	(iv) Date 	Amount 
	 	(v) Date 	Amount 
	 	(vi) Date 	Amount 

Exhibit 10.2 

	(2)         
      Loan-paying Plan: 	  
	 	 	  
	 	(i) From______to______	Amount 
	 	(ii) From______to______	Amount 
	 	(iii) From______to______	Amount 
	 	(iv) From______to______	Amount 
	 	(v) From______to______ 	Amount 
	 	(vi) From______to______	Amount 

(3)         Paying at
any time as required by Party A; or

(4)         _______________. Party A
shall use the Loan in accordance with the above loan-paying plan. Unless Party B
agrees in writing, Party A shall not accelerate, postpone, split or cancel the
Loan. 

4.     If Party A divides and uses the Loan
more than once, the expiration date of the Loan shall be decided in accordance
with Article 3 of the Contract. 

5.     Materials Provided by Party A. 

Party A and Party B choose to use the No.1 item as
follows (item No.1 or No.2) regarding the agreement on Party A’s providing
materials: 

No.1 

(1)     Only satisfying the No.2
requirement: 

(i) Single use of the Loan exceeds RMB30,000,000 and any
payment under such Loan exceeds RMB30,000,000; 

(ii) __________________. 

Party A shall provide Party B the following materials no later
than _____working days prior to using such Loan: 

(i) Loan archived documents and payment settlement certificates
signed and chopped by Party A;

(ii) Transactional documents including,
but not limited to, goods, services, capital contracts and/or invoices in
writing or in electronic format that can be evidence for the capital and use of
such Loan;

and other documents by Party A as required by Party B
(including, but no limited to, business licenses, power of attorney, bylaws,
shareholders resolutions, board resolutions and other materials of the parties
having transactions with Party A). 

Exhibit 10.2 

(2)     Except for the above agreements or
that Party B decides that Party A is authorized to decide the payment as agreed
in section 7 hereinafter based upon Party B’s reviewing the materials provided
by Party A, Party A shall provide the following materials to Party B no later
than five (5) working days prior to using such Loan: 

	 	(i) 	
      Plan of using the Loan in line with the proposed
    Loan;

	 	 	 
      
	 	(ii) 	
      Loan archived documents signed and chopped by Party
    A.

No.2 

Regardless of the amount of each Loan, Party A shall provide
Party B with the following materials no later than _____working days
prior to using such Loan: 

(i) Loan archived documents and payment settlement certificates
signed and chopped by Party A; 

(ii) Transactional documents (including, but
not limited to, goods, services, capital contracts and/or invoices in writing or
in electronic format that can evidence the capital and use of the Loan; 

and other documents by Party A as required by Party B
(including, but no limited to, business licenses, power of attorney, bylaws,
shareholders resolutions, board resolutions and other materials of the parties
having transactions with Party A). 

6.     Entrusted Payment of Party B 

(1)         
Application of Entrusted Payment of Party B 

In the event that a single payment meets the requirement of
_______, such payment should be entrusted to Party B, i.e. Party A irrevocably
entrusts Party B to pay the capital to a third party who has a transaction with
Party A. Party A is prohibited to extend such a payment to its cooperator or any
third party. 

(i) A single payment that exceeds RMB30,000,000, any payment
within the scope of such capital to a third party exceeds RMB30,000,000, and
Party B approves the payment to the payee based upon materials provided by Party
A; 

(ii) Regardless the amount of each Loan, Party B is entrusted to fulfill
the payment; 

(iii) ____________________. 

(2)          In
the event that Party B is entrusted to fulfill the payment, Party B shall
archive such capital to the Loan Issuing Account and pay the Loan to the account
of the cooperator of Party A directly. Party A shall not dispose the Loan in any
manner (including, but not limited to, transferring and withdrawing deposit).

Exhibit 10.2 

(3)          Party
B will conduct a formal examination on the amount of payment, time of the
payment, the payee, the method of payment and the underlying accounting based
upon materials provided by Party A. After Party B finishes such an examination
of the above elements and decides that such elements meet Party B’s
requirements, Party B shall pay for the partner of Party A. Once the Loan is
archived into the account of the partner, it will deem that Party B fulfills the
obligation of the entrusted payment. Party A shall confirm whether such a
payment is successful within one (1) working day after the payment in a timely
manner. If the payment fails, Party A shall inform Party B at once. Party A
shall guarantee that the partner and use of the Loan are in line with the
transactional documents. 

(4)          The
formal examination of the above elements of payment means that neither confirms
Party B the authenticity and legal compliance of any transaction nor intervenes
with any dispute between Party A and its cooperator or any other third party or
any responsibility and duty burdened by Party A. For any damages suffered by
Party B due to the entrustment, Party A shall compensate Party B. 

(5)          In
the event that any payment was not successfully or timely archived into the
account of Party A’s cooperator due to the materials provided by Party A not
being integrated, authentic, in compliance with the specific use of the capital,
or the conflicts exist in the materials provided by Party A, which are not the
fault of Party B, both Parties shall follow the agreements below: 

(i) all the damages, including, but not limited to, failure of
paying the Loan or failure of paying the Loan in a timely manner, shall be
burdened by Party A. Party B shall not be liable for such damages and any loss
suffered by Party B shall be compensated by Party A; 

(ii) Party A shall not
dispose such a Loan in any manner (including, but not limited to, transferring
and withdrawing deposit); 

(iii) Party A shall provide new materials and
correct information within _____working days as required by Party B. 

If Party A breaches any of the above agreement, Party B is
authorized to recover such loan capital ahead of the schedule. 

(6)          Any
failure, mistake, delay of paying the Loan, other risks, liabilities and damages
shall be burdened by Party A and Party B shall not be liable for the
aforementioned. Party A shall compensate Party B all the damages arise hereof.

7.      Payment by Party A 

In the event that does not satisfy the requirements addressed
in the above section 6(1) regarding the entrusted payment, Party A is authorized
to pay by itself, i.e. Party A will pay for its cooperator after Party B’s
archiving the loan capital into the Loan Issuing Account based upon Party A’s application for
withdrawing deposit. Party A shall guarantee that the cooperator and use of the
Loan are in line with the transactional documents. 

Exhibit 10.2 

8.     Regardless of whether the payment is
made by Party A or entrusted to Party B, once the loan capital is archived into
the Loan Issuing Account, it is deemed that Party B has fulfilled its obligation
of issuing the capital. Party A shall guarantee that the status of the Loan
Issuing Account is normal (including, but not limited to, freezing by competent
authorities, deducting and so on). Any freezing or deducting conducted by the
relevant authorities after the loan capital is archived into the Loan Issuing
Account, other risks, liabilities and loss shall be shouldered by Party A. All
the damages suffered by Party B shall be compensated by Party A. 

9.     When any of the following events
occur, Party B is authorized to change the method of paying the loan capital,
including, but not limited to, adjusting the entrusted payment (such as,
adjusting the standard amount of the entrusted payment), altering the payment
method of a single loan capital and so on: 

(i) Party A breaches any agreement under this Contract; 

(ii) Any event that could harm the credit of Party B as agreed under this
Contract; 

(iii) Other situations where Party B deems that it is necessary to
change the payment method of the loan capital. 

When Party B changes the payment method, Party A shall provide
new materials as agreed under this Contract and required by Party B. 

ARTICLE 6     USE AND SUPERVISION OF THE
ACCOUNT 

1.     Loan Issuing Account 

The Loan Issuing Account under this Contract shall be decided
in accordance with the No.2 method as follows: 

(i) Within ____ working days after the Contracts becomes
effective and prior to the first loan issuance, Party A shall open a special
capital issuing account under the services of Party B. This account shall
specialize in issuing and paying all the loans under the Contract. 

(ii)
Other accounts of Party A opened under the services of Party B (Account No.:
35001677607059558888). 

Exhibit 10.2 

2.     Capital Collecting Account 

(1)          Within ___
working days after the Contract becomes effective, Party A shall open a capital
colleting account or use an existing account (Account No.:
35001677607059558888) as the capital collecting account under the
services provided by Party B.

(2)          Party A shall
report the fund flows of the capital colleting account to Party B
quarterly (“monthly” or “quarterly”) as a circle. Party A shall collect
and report the fund flows of the last circle to Party B no later than fifteen
(15) working days at the beginning of each circle.

(3)          Party B is
bestowed to manage the fund flows of the capital collecting account, concretely;
the capital collecting account shall meet the ___(iii)___ requirement as
follows: 

(i) Average capital stock in the account:
______________________________

(ii) Time of the collecting fund:
_____________________________

(iii) Ratio of total sale amount of Party A
collected into the account: Ratio of total sale amount of Party A collected into
the account should be not less than 60%. 

(iv) Limitation on a single amount
in the account payable to the outside: ______________________________

(v)
Limitation on amount in the account per day payable to the outside:
______________________________

(vi) Limitation on signing with online banks:
____________________________

(vii) Any payment of the capital of the account
to the outside shall be agreed by Party B: _________________________

(viii)
Such an account shall only be used for collecting or paying loans under the
Contract and is not allowed to be used for any other purpose:
______________________________

(ix) ______________________________

(x)
Other requirements provided by Party B; 

(xi) Shall execute any related
arrangement in line with the account management agreement entered into by Party
A and Party B. 

ARTICLE 7     REPAYMENTS 

1.     Sequence of Repayment 

The repayment by Party A under the Contract shall be in
accordance with the following rules: 

Party B has the right to require Party A to repay any fee that
should have been burdened by Party A but advanced by Party B as agreed under the
Contract, and fees incurred to realize the credit of Party B. The remainder of the
repayment shall be used to repay the interest first and then repay the principal
in line with the rule of clearing the interest with the principal. However, as
to the overdue principal and interest for ninety (90) days without being
collected or other loans as regulated by laws, regulations and ordinances, Party
A shall repay the principal first and then repay the interest after fulfilling
the above fees. 

Exhibit 10.2 

2.     Repayment of Interest 

Party A shall repay Party B the interest at the date of
settling such interest. The first day of repaying the interest is the first day
of settling the interest after issuing the Loan. At the last time of repaying
the Loan, the interest shall be repaid together with the principal. 

3.     Plan of Repaying Principal 

The plan of repaying principal shall be decided in accordance
with the 1st method: 

	(1) 	
      February 16, 2012, amount
    RMB2,900,000;

	(2) 	
      Date ____________ , amount _____________ ;

	(3) 	
      Date ____________ , amount _____________ ;

	(4) 	
      Date ____________ , amount _____________ ;

	(5) 	
      Date ____________ , amount _____________ ;

	(6) 	
      Date ____________ , amount _____________
  ;

4.     Method of Repayment 

Party A shall prepare enough capital in the capital colleting
account or other accounts opened under the services of Party B prior to the
repayment date and make such accounts automatically transferred (Party B is
authorized to draw the repayment in the account), or Party A shall repay the
Loan via other accounts on the repayment date as agreed under this Contract.

5.     Pre-repayment (early payment or
prepayment) Prepayment of the loan 

In the event that Party A decides to repay the Loan ahead of
schedule, it shall inform Party B the prepayment in writing thirty (30)
working days in advance. After Party B’s consent, Party A is authorized to repay
the partial or whole of the interest and principal ahead of schedule. 

The amount of the prepayment by Party A shall be computed based
upon the actual days of using the Loan and the interest of the Loan shall be in
accordance with the Contract. 

Exhibit 10.2 

In the event that Party B agrees to the prepayment of the loan
by Party A, Party A is authorized to charge Party B compensation that shall be
decided in according with the 1st standard as follows:

(1)          Amount of
compensation = amount of the repayment principal*number of repayment
months*0.05%, less than a month will be deemed as a month.

(2)          ____________.

If Party A repays the Loan in installments and repays part of
the principal, it shall repay the Loan in an opposite sequence. After
prepayment, the interest on the remainder of the Loan shall be decided in
accordance with the Contract. 

ARTICLE 8     RIGHTS AND OBLIGATIONS OF
PARTY A 

1.     Rights of Party A 

(1)          Party
  A is authorized to require Party B to issue the Loan in accordance with the
  Contract;

  (2)          Party A is authorized
  to use the Loan in line with the Contract;

  (3)          Party A is authorized
  to propose extending the term of the Contract by meeting the requirements of
  Party B;

  (4)          Party A is authorized
  to require Party B to keep trade secrets regarding materials of accounting information
  and operation provided by Party A confidential; 

  (5)          Party A is authorized
  to prohibit any attempt at bribery by Party B and its employees and to report
  any behavior by Party B that breaches the laws and regulations relating to credit
  and loan interest, services charge and other behaviors to relevant authorities.

2.     Obligations of Party A 

(1)          Withdraw
deposits in line with the agreements under the Contract, fulfill repayment of
the interest and principal of the Loan as well as the burden of any fees
incurred under the Contracts;

(2)          Provide
relevant accounting information, materials of business operation and other
documents as required by Party B, including, but not limited to, the quarterly
balance sheet and income statement (income and expenditure statement for a
public institution) of last quarter within the initial fifteen (15) days
of first month of each quarter, provide the cash flow of each fiscal year as of
or as at the end of the current fiscal year, and guarantee that all the
materials provided are legal, authentic, integrated, accurate and effective.

(3)          In the event
that disadvantaged matters that will harm the debt paying ability of Party A or
the credit of Party B occur, or the name, legal representative (supervisor),
residence, business scope, registered capital, bylaws of company and other
changes relating to administration on industry and commerce, Party A shall
inform Party B within three (3) working days in written and provide materials
after such changes;

Exhibit 10.2 

(4)          Party A shall use
the Loan in line with the Contract without the diversion or embezzling of funds,
illegally engaging in business and transactions, investing in fixed assets or
equity interests via the Loan, using the Loan in the areas of production and
operation prohibited by the State, using the Loan for exchange of the debts
incurred in the course of investing in the fixed assets and equity interests of
Party A; Party A shall coordinate and accept the examination and supervision by
Party B regarding the business operation and accounting activities, use and
payment of the Loan under the Contract, and relevant management requirements by
Party B after issuing the Loan; Party A shall not rescind funds, transfer assets
or take advantage of affiliated transactions to avoid any debt; Party A shall
not use any false contracts entered into with its affiliates and credits of any
negotiation or debt receivable to obtain any discount or pledge from a bank and
extract any bank capital or credit; Party A shall repay the Loan in accordance
with the Contract and shall not avoid the entrusted payment of Party B via
breaking down into elements.

(5)          If Party A uses
the Loan under the Contract to engage in production, Party A shall obey relevant
national regulations of environment protections;

(6)          Party A shall not
provide a guarantee to a third party by using the assets under the Contract
without obtaining the consent from Party B prior to repaying the interest and
the principal of the Loan;

(7)          If Party A is a
group client, Party A shall report any affiliated transactions accounting for
10% or more of Party A’s net assets, including (i) the relationship of each
transaction party; (ii) essential transactional items; (iii) amount of the
transactions or relevant ratio; (iv) pricing policies (including those
transactions without amount or with only nominal amount);

(8)          Prior to Party A’s
merger, spin-off, transfer of equity interests, investment, material increase of
debt financing and other significant events, Party A shall obtain a written
consent from Party B. However, such consent of Party B will not affect any right
to remedies asserted by Party B when Party B deems that the above events may
harm the credit of Party B;

(9)          Party A shall
report the use and repayment of the Loan to Party A. Party A shall report the
use and repayment of the Loan of last month to Party B within the initial
fifteen (15) working days of each month and provide actual use of the
Loan until such Loan has been fulfilled. 

ARTICLE 9     RIGHTS AND OBLIGATIONS OF
PARTY B 

1.     Party B is authorized to require
Party A to repay the principal, interest and fees in a timely manner, manage and
control the capital flow of the Loan, actively monitor the whole fund flow of
Party A, collect the repayment ahead of schedule based upon the capital
collecting of Party A, exercise other rights under the Contract and require
Party A to perform other obligations under the Contract; 

Exhibit 10.2 

2.     Party B is authorized to participate
in the big financing of Party A (i.e. the total amount exceeds RMB50,000,000 or
the equivalent currency), assets sale, merger, spin-off, restructure of equity
interests, bankruptcy, liquidation and other activities to safeguard the credit
of Party B. The details of the plan of participation shall be according to
1st item: 

(1)          When
Party A engages in the above activities, it shall obtain the consent of Party B;

(2)          Party B shall
arrange for the big financing of Party A;

(3)          The sale price of
Party A’s assets and buyer shall be in line with the following requirements:
________________________________;

(4)          Other methods that
Party B deems appropriate to adopt. 

3.     Party B shall issue the Loan in line
with the Contracts, except for any delay or failure which can be imputed to
neither Party A or Party B; 

4.     Party B shall keep trade secrets
regarding accounting information and business operation provided by Party A
confidential except for otherwise required by laws, regulations, competent
authorities or agreed by both Parties; 

5.     Neither shall Party B attempt to
bribe Party A and its employees nor seek, accept any bribery attempted by Party
A; 

6.     Neither shall Party B perform
dishonestly or harm Party A’s legal rights. 

ARTICLE 10     BREACH OF CONTRACT

1.     Breach of Contract by Party B and
Liabilities 

(1)          In
the event that Party B does not issue the Loan in line with the Contract without
legitimate reasons, Party A is authorized to require Party B to fulfill the
specific performance of issuing the Loan according to the Contract;

(2)          If Party B charges
unnecessary interest and fees by disobeying national laws or prohibitive
regulations, Party A is authorized to require Party B to return such expenses.

2.     Breach of Contract by Party A 

(1)          Party
A breaches any agreement under the Contract or any legal obligation;

(2)          Party A expresses
or demonstrates by its conduct that Party A will not perform any of the
obligation under the Contract; 

Exhibit 10.2 

3.     Situations that May Harm Credit of
Party B 

(1)          Party
B will deem the following events potentially harmful to the credit of Party B
under the Contract: occurrence of contract, trust (take over), lease,
shareholding reform, decrease of registered capital, investment, association,
merger, acquisition, purchase and restructure, spin-off, joint venture,
substantial increase of debt financing, suspension of business, application for
dissolution, revocation, application for bankruptcy, change of control of the
actual shareholder or controller, transfer of material assets, winding up,
closing of business, stiff fines by competent authorities, de-registration,
revocation of business license, involving in significant legal disputes,
difficulties of business operation or deterioration accounting, descending of
credibility, inability to perform the normal obligations by the legal
representative or the supervisor;

(2)          Party B will deem
the following events potentially harmful to the credit of Party B under the
Contract: Party A fails to fulfill other maturity debts (including the debts to
the entities of the China Construction Bank at each level and other debts to any
third party), transfer the properties at a low price or without consideration,
lessen or exempt credits of a third party, reluctantly perform other credits or
rights, provide guarantee to a third party; Party A’s financial index does not
consecutively meet the requirement addressed in the Annex 2 named “Financing
Index Binding Provision”; the fund flow of any account of Party A becomes
abnormal (including, but not limited to, the capital collecting account and
other accounts supervised by Party B); Party A materially breaches the Contract;
The profitability of Party A falls; Use of the Loan becomes abnormal;

(3)          Party A abuses the
independent status of the legal entity or the limited liability of shareholders;

(4)          Any pre-condition
of consecutively issuing loan by Party B under the Contract does not satisfy;

(5)          Party B will
regard the following situations of the guarantor of the Contract as the events
that may harm the credit of Party B under the Contract: 

(i) Breach of any agreement under the guarantee agreement or
the warranties and representations have any false statement, mistake, or
omission; 

(ii) Occurrence of contract, trust (take over), lease, shareholder
reform, decrease of registered capital, investment, association, merger,
acquisition, purchase and restructure, spin-off, joint venture, substantial
increase of debt financing, suspension of business, application for dissolution,
revocation, application for bankruptcy, change of control of the actual
shareholder or controller, transfer of material assets, winding up, closing of
business, stiff fines by competent authorities, de-registration, revocation of
business license, involvement in significant legal disputes, difficulties of
business operation or deterioration accounting, fall in credibility, inability
to perform the normal obligations by the legal representative or the supervisor; 

(iii) Other events of losing or potentially losing of the ability to
guarantee. 

Exhibit 10.2 

(6)          Party
B will regard the following situations of the mortgage and pledge as the events
that may harm the credit of Party B under the Contract: 

(i) Damages, loss and decrease of value of the property under
mortgage or pledge due to the behavior of any third party, expropriation by the
State, confiscation, condemnation, re-collection without compensation, removal,
market changes or other reasons; 

(ii) Properties under mortgage or pledge
are attached, detained, frozen, deducted, under liens, auctioned, supervised by
administrative authorities, or their ownerships are under disputes; 

(iii)
Mortgagee or pledgor breaches any agreement under the mortgage or pledge
agreement or the warranties and representations have any false statement,
mistake, or omission; 

(iv) Other events that may harm the realization of
Party A’s credit in the mortgage or pledge. 

(7)         
Failure of formation, ineffectiveness, invalid, revocation, and cancellation of
the Contract, guarantor’s breaches or expression that he will not perform his
duties, or the guarantor deems that any event that may harm the credit under the
Contract; or 

(8)          Any
other events that Party B deems could harm the credit of Party B under the
Contract. 

4.     Measures of Remedies for Party B

In the event that the following section (2) and section (3)
occur, Party B is authorized to a right or some of the rights as stated above:

(1)         
Terminating the Loan;

(2)          Supplementing the
conditions regarding issuing the Loan and payment;

(3)          Altering the
payment method of the Loan;

(4)          Declaring an
immediate maturity of the Loan and requiring Party A to repay any principal,
interest and fee regardless whether such Loan has been due under the Contract;

(5)          When Party A fails
to use the Loan in accordance with the Contract, Party B is authorized to
require Party A to pay a penalty fee equivalent to 1% of the amount that
is used not in line with the Contract and to refuse any capital that has not
been withdrawn by Party A under the Contract;

(6)          In the event that
Party A does not use the Loan in line with the Contract, Party B is allowed to
charge interest and compound interest according to the penalty rate and
agreements of the interest settlement under the Contract commencing from the
date when the Loan is not used as agreed in the Contract to the date when both
the principal and the interest have been repaid; 

Exhibit 10.2 

(7)          When
any overdue repayment occurs and Party A fails to fulfill the repayment of the
loan principal and interest (including the loan capital and interest that have
been declared as partial or whole maturity), Party B is authorized to charge
Party A the interest and the compound interest according to the penalty rate and
agreements of the interest settlement under the Contract commencing from the
date when the Loan is not used as agreed in the Contract to the date when both
the principal and the interest have been repaid. An overdue loan means that
Party A fails to repay the loan or fulfill the loan installments in line with
the Contract. 
Prior to the maturity of the Loan, any overdue interest of
Party A shall be collected at a compound interest in according with the interest
rate and the method of settlement under the Contract:

(8)          Other measures of
remedies, including, but not limited to: 

(i) Party B is authorized to withdraw RMB or other equivalent
currency from the account of Party A opened in the banking system of the China
Construction Bank without informing Party A in advance; 

(ii) Exercising
rights of the guarantee; 

(iii) Party A is required to provide new guarantees
for all the debts under the Contract; 

(iv) Refusal of Party A’s disposing of
relevant deposit in the bank account of opened in the banking system of the
China Construction Bank; 

(v) Dissolution of the Contract. 

ARTICLE 11     MISCELLANEOUS 

1.     Burden of Fees 

Any fee of legal services, insurance, evaluation, registration,
safeguarding, appraisal, notary, tax, technology, environment, commission of
settlement of payment relating to the Contract or its guarantee agreements shall
be burdened by Party A except for otherwise agreed. 

All the fees actually incurred in the course of realizing Party
A’s credit (including, but not limited to, litigation fees, arbitration fees,
property preservation fees, business trip expenses, execution fees, evaluation
fees, auction fees, notary fees, delivery fees, announcement fees, legal service
fees and other fees) shall be the responsibility of Party A. 

2.     Use of Party A’s Information 

Party A vests rights of inquiry of the credibility of Party A
in the relevant credibility database established and approved by the Bank of
China and administrations of credit investigation or with other relevant
entities and departments in Party B, and also authorizes Party B to submit any
information of Party A to credibility databases set up and approved by the Bank of China and administrations of credit
investigation. Party A also authorizes Party B to use and disclose Party A’s
information for purpose of business in a reasonable manner.

Exhibit 10.2 

3.     Announcement and Collection 

Party B is authorized to report any overdue loan or other
breach of contract of Party A to the relevant department or entity, and to
collect the overdue repayments by means of announcement and through the news
media. 

4.     Evidentiary Effect of Party B’s
Record 

Unless any reliable and definite evidence exists, internal
accounting records of Party B regarding the principal, interest, fees and
records of repayment, receipts and certificates produced or reserved by Party B
in the course of providing services of any withdraw, repayment, payment of
interest for Party A, and records and certificates in the course of collecting
the loan will constitute valid evidence of the credit relationship between Party
A and Party B. Party A can not challenge such evidence by reason of Party B’s
unilaterally conducting or reserving the above records, receipts or
certificates. 

5.     Reservation of Rights 

Any tolerance, extension, preference of any breach or delay of
the Contract or postponing of the performance of any right under the Contract
can neither be regarded as giving up any right or benefit under the Contract or
permission or acknowledgement of any breach of the Contract, nor limiting,
prohibiting or halting the consecutive performance of such right and other
rights or incurring that Party B’s burdening the responsibilities and
liabilities of Party A. 

6.     Except for the debts under the
Contract, in the event that Party A is also the creditor of Party B of other
debts which have expired, Party B is authorized to collect RMB or equivalent
currency in the account of Party A opened in the banking system of the China
Construction Bank. Party B shall not challenge that right of Party A. 

7.     In the event that Party A changes
its business address or notice, it shall inform Party B in writing in a timely
manner. Any damage incurred due to delayed notice shall be burdened by Party A.

8.     Collection of Accounts Payable 

For all the accounts payable of Party A under the Contract,
Party B is authorized to withdraw RMB or other equivalent currency from the
account of Party A opened in the banking system of the China Construction Bank
without informing Party A in advance. When the foreign currency needs to go through foreign
exchange settlement or procedures of sale of foreign currency, Party A shall
coordinate such settlements and procedures. The exchange risk rate shall be the
responsibility of Party A. 

Exhibit 10.2 

9.     Dispute Resolutions 

Any dispute occurs in the course of performing the Contract.
Such dispute could be resolved by negotiation otherwise, it will be resolved via
the 1st method as follows: 

(1) File a suit in the People’s Court where Party B resides.

(2) Submit the dispute to ______________Arbitration Commission (the location
is ____________________) in accordance with current and valid rules implemented
by the Commission. The arbitral verdict is final and binding for both Parties.

In the course of a litigation or arbitration, other sections
not involved in the dispute shall still be performed. 

10.     Pre-condition of Effectiveness 

The Contract will be effective after signed and chopped by both
the legal representative (supervisor) of Party A or its authorized power of
attorney and the legal representative (supervisor) of Party B or its authorized
power of attorney. 

11.     The Contract is in three
duplicates. 

12.     Other agreed items. 

The credit under this Contract is within the scope of the
Maximum Mortgage Agreement titled 2009 Jian Ping Song Gao Di Zi No.3.

ARTICLE 12     CLARIFICATION PROVISIONS

1.     Party A clearly understands the
business and limited authorization of Party B. 

2.     Party A has reviewed all the
provisions under the Contract. As required by Party A, Party B has provided
relevant explanation of provisions of the Contract. Party A has fully understood
and acknowledged the meaning of the provisions under the Contract and the legal
consequence hereof. 

3.     The signing and performing of the
obligations under the Contract by Party A satisfy laws, regulations, ordinances
and articles of association or internal documents of Party A. Party A has
obtained the approval by both its internal department and/or competent State
authorities. 

Exhibit 10.2 

4.     The production and operation of
Party A are in compliance with laws and regulations. 

5.     Party A is capable of a consecutive
operation and legal sources of repayment the Loan. 

6.     Party A covenants that the Loan
under the Contract demonstrates the real need of using the Loan and does not
exceed the actual need. 

7.     Good credibility of both Party A and
its controlling shareholder without any bad records. 

8.     Party B is authorized to entrust
other branches of the China Construction Bank to issue the Loan under the
Contract, perform and fulfill the obligations and duties under the Contract.
Party A shall not object such entrustment. 

9.     Party A covenants that, at the time
of making this Contract, no behavior or event of breaking any laws, regulations
and ordinances regarding environment protection, energy saving and emission
reduction and reduction of pollution, and Party A will strictly obey relevant
laws, regulations and ordinances regarding environment protection, energy saving
and emission reduction and reduction of pollution. If Party A falsely makes the
above statements, fails to perform the above covenants, or any possibility that
any occurrence of energy consumption or risk of pollution, Party B is authorized
to stop issuing the Loan, declare the maturity of the credit ahead of schedule,
or resort to other remedies as agreed under this Contract or permitted by laws.

Party A (office seal): Fujian Yada Group Co., Ltd

Legal Representative (person-in-charge) or Authorized Proxy
(Signature):                                                                  

Date: February 15, 2011 

Party B (office seal): China Construction Bank Corporation
Limited Songxi Sub-branch 
Legal Representative (person-in-charge) or
Authorized Proxy
(Signature):                                                                  

Date: February 15, 2011 

Exhibit 10.2 

Annex 1 

Basic Situation of the Loan 

1.     Detailed Use of the Loan under the
Contract 

Purchasing bamboo shoot and canned bamboo shoot. 

Unless obtaining a written consent by Party B, Party A can not
change the detailed use of the Loan. 

2.     Source of the Repayment under the
Contract 

Business Income 

Party A shall guarantee the authenticity, legality of the
source of the repayment and flow of the repayment shall be stable and
sufficient. 

3.     Others: 

None. 

Exhibit 10.2 

Annex 2 

Financial Index Binding Provisions 

Financial index of Party A shall consecutively satisfy the
following restrictions: 

The liquidity ratio is no less than 1, the quick ration is
no less than 0.5 and the asset-liability ratio is no more than 60%. 

Party B is authorized to change the above restrictions upon
informing Party A fifteen (15) days in advance.Asia Green Agriculture Corporation: Exhibit 10.3 - Filed by newsfilecorp.com

Exhibit 10.3 

 

 

Natural Person Guarantee Contract

  

 

 

 

 

 

 

 

Fujian Branch of China Construction Bank 

Exhibit 10.3 

The contract is entered into by the following parties:

Guarantor (Party A): Please see Article 10 of the contract for
details. 

Creditor (Party B): Please see Article 10 of the contract for
details.

	Article 1 	SCOPE OF GUARANTEE 
	 	 
	  	Please see Article 11 of the contract for
      details. 
	 	 
	Article 2 	METHOD OF GUARANTEE 
	 	 
	  	Party A shall provide joint responsibility
      guaranty under the contract. 
	 	 
	Article 3 	GUARANTEE PERIOD 
	 	 
		The guarantee period is from the effective date
      of this Contract and ends two years from the expiration of the debt
      performance term under the Main Contract. In case Party A agrees to extent
      the debt performance term, the guarantee period ends two years from the
      expiration of the extended debt performance term under the Main Contract.
      If Party B announces advanced maturity of debts according to the Main
      Contract, the guarantee period ends two years from the advanced maturity
      date of debts announced by Party B. In case the debts under the Main
      Contract are paid in installments, the guarantee period of each
      installment is two years from the expiration date of the debt performance
      term of the last installment. 
	 	 
	Article 4 	INDEPENDENCE OF THE GUARANTEE CONTRACT
    
	 	 
		The validity of the guarantee contract is
      independent from that of the Main Contract. The failure, invalidation,
      partial invalidation, or cancellation of the Main Contract does not affect
      the validity of the guarantee contract. If the Main Contract fails, is
      invalidated, partially invalidated, canceled or void, Party A shall be
      jointly responsible for the debtor’s debts due to return of properties or
      compensation of losses. 

	Article 5 	CHANGE OF MAIN CONTRACT 
	 	 
		I. 	Party A agrees to be jointly and
      severally responsible for the debts under the amended Main Contract, in
      the event that Party B and the debtor agree to amend the Main Contract
      provisions in writing (including but not limited to the repayment
      currency, repayment method, loan account No., repayment account No.,
      expense utilization plan, repayment plan, value date and settlement date,
      startup date or expiration date of debts performance term if the term is
      not extended). However, if Party B and the debtor have extended the debt
      performance date or increased credit principal through agreement without
      Party A’s consent in advance, Party A shall be jointly and severally
      liable only for the debts according to the provisions of the Main Contract
      before the amendment. 
	 	 	 
		II. 	Party A’s liability as a guarantor is
      not reduced or exempted due to any of the following conditions: 
	 	 	 
			(I) 	Party B or the debtor has undergone change of
      formality, merging, integration, separation, capital increase/reduction,
      joint venture, joint business operation and name change; 
	 	 	 	 
			(II) 	Party B has entrusted a third party to fulfill
      its due obligations under the Main Contract. 
	 	 	 	 
	  	III. 	In case of invalidation, cancellation
      or voidance of any transfer of debts or credits under the Main Contract, Party A shall continue to be jointly and
severally responsible as a guarantor for Party B according to this Contract.

Exhibit 10.3 

	Article 6 	GUARANTORS’ LIABILITIES

	 	I. 	Party A shall be jointly and severally liable within the scope
      of guarantee, if the debts under the Main Contract are due or Party B announces
      advanced maturity of debts according to the Main Contract or laws, the debtor
      fails to fulfill in full amount and in a timely manner, or the debtor breaches
      other provisions of the Main Contract. 
	 	 	 	 
	 	II. 	Whether Party B has other guarantee of credits under the Main
      Contract (including but not limited to various guaranty methods such as
      guaranty, mortgage, pledge, guaranty letter and standby L/C), whether the
      guaranties are valid and established, whether Party B claims its right to
      other guarantors, whether any third party agrees to be liable for total
      or partial debts under the Main Contract, and whether other guaranties are
      provided by the debtor, Party A’s liabilities as a guarantor under
      this Contract will not be reduced or exempted. Party B can directly require
      Party A to be liable within the scope of its guarantee according to this
      Contract; and Party A cannot raise any objections. 
	 	 	 	 
	 	III. 	If Party A only provides guarantee for a part of the debts under
      the Main Contract, Party A agrees that even if the debtor repays part of
      the debt, or Party B partially exercises its right under other guarantees,
      or the debt was partially paid by other means, Party A will be responsible
      within the scope of the guarantee for the unpaid debt. 
	 	 	 	 
	 	IV. 	If Party A only provides guarantee for part of the debts under
      the Main Contract, and if the debts under the Main Contract are not fully
      paid after Party A performs its obligation as a guarantor, Party A agrees
      not to cause any damage to Party B when it claims its subrogation right
      (including in-advance) against the debtor or other guarantors. Party A agrees
      that the right to receive repayment of debts under the Main Contract has
      priority over Party A’s subrogation right. 
	 	 	 	 
	 		Before total repayment of Party B’s credits: 
	 	 	 	 
	 		(a) 	Party A agrees not to claim its subrogation right against the debtor or
      other guarantors; once Party A has exercised the above right due to any
      reason, it shall use the payment from the claim to first repay the unpaid
      debt owned to Party B’s ;
	 	 	 	 
	 	 	(b)	 If the debts under the Main Contract have collateral, Party A agrees
      not to declare rights to the secured articles or the proceeds of sale of
      such articles for any reason including but not limited to subrogation rights.
      The secured articles or the proceeds of sales of such articles shall be
      first used to repay the unpaid debts owed to Party B. 
	 	 	 	 
	 		(c) 	If the debtor or other guarantor has provided a counter-guarantee to Party
      A, Party A shall use the proceeds from the above counter-guarantees to first
      repay unpaid debt owed to Party B. 
	 	 	 	 
	 	V. 	Party A fully understands the interest rate risks. Party A agrees
      to be jointly and severally responsible for the increased part due to the
      increase of the interest rate, the default interest or the compound interest,
      if Party B adjusts the interest rate according to the Main Contract, or
      the government adjusts the interest rate, calculation method or the settlement
      method. 
	 	 	 	 
	 	VI. 	If the debtor has other loans from Party B other than the loans
      under the Main Contract, Party B has the right to receive the debtor’s
      RMB or other currency expenses in the account established in the system
      of China Construction Bank to satisfy any expired debt. Party A’s guaranty
      responsibilities are not reduced or exempted. 

Exhibit 10.3 

	Article 7 	PARTY A’S OTHER OBLIGATIONS
  
	 	 
	  	I. 	Party A shall supervise how the debtor uses the
      loans (including its purpose). 
	 	 	 
		II. 	Party A shall provide Party B with its
      financial conditions and individual credit information, and guarantee that
      all materials provided are correct, true, complete and valid. Without
      written consent of Party B, Party A cannot provide to any Third Party with
      a guaranty that is out of its capacity. 
	 	 	 
		III. 	In case of any changes to Party A’ s
      nationality, address or marital status, or if Party A has a serious health
      issue, receives administrative or criminal punishment, or is involved in a
      major civil dispute, deterioration of financial status, or loses or is
      likely to lose the capability to guarantee for any reason, Party A shall
      inform Party B immediately in writing, and perform undertaking,
      transferring or inheritance of guarantee liabilities herein as Party B
      requires, or provide a new guarantee for fulfillment of the Main Contract.
    
	 	 	 
		IV. 	If the company, of which Party A is in the
      position of controlling shareholder or actual controller, merges,
      dissolves, changes in entities, fluctuates the amount of capital, or is
      jointly-funded or jointly-operated, Party A shall inform Party B of such
      condition immediately. 

	Article 8 	MISCELLANEOUS 

	 	I. 	Allocation and charging of payable expense 
	 	 	 
	 		As for Party A’s amount payable under the contract, Party B has the
      right to charge RMB or other currency expense from Party A’s account
      established in the China Construction Bank—it is not necessary to notify
      Party A in advance. Once it needs to handle the sales and purchasing of
      foreign exchange or exchange settlement, Party A is obliged to assist
      Party B; Party A shall bear the exchange rate risks. 
	 	 	 
	 	II. 	Use of Party A’s information 
	 	 	 
	 		Party A allows Party B to inquire Party A’s credit status from
      individual credit information database of People's bank of China or any
      other individual credit information database approved by credit rating
      authority or other relevant work unit, department and person. All credit
      report obtained are limited to be used on purposes stipulated in
      Provisional Rules on Management of Individual Credit Information Database
      issued by People’s bank of China. Party A allows Party B to provide its
      credit information for individual credit information database of People's
      bank of China or any other individual credit information database approved
      by credit rating authority. Party A also agrees that Party B may use and
      disclose its information reasonably for the necessary of business. 
	 	 	 
	 	III. 	Collection by Public Notice 
	 	 	 
	 		As for Party A’s breach of contract, Party B has the right to report
      to the relevant government agency and make an announcement through news
      media to collect the debt. 

Exhibit 10.3 

	 	IV. 	Effect as Evidence of Party B’s record 
	 	 	 
	 		Except for reliable and confirmed contrary evidence, Party B’s
      following documents constitute evidence to prove the credit relationship
      under the Main Contract: internal account record of Party B’s principal,
      interest, expense and repayment record; receipt and voucher during
      debtor’s handling withdrawal, repayment and interest payment made or
      reserved by Party B; loan collection record and voucher by Party B. Party
      A cannot object to Party B’s personal fabrication or reservation of the
      above records, receipts and vouchers. 
	 	 	 
	 	V. 	Reservation of Right 
	 	 	 
	 		Party B’s rights under the contract do not affect or eliminate any
      rights enjoyed according to relevant laws, stipulations and other
      contracts. Any grace, forgiving, preference or postponed exercising of any
      contract rights aimed at the breach or delay cannot be taken as the
      abandonment of rights and interests under the contract or permission or
      approval of any breach of contract; besides, they do not affect, block or
      hinder the continuous exercising of the rights or exercising of any other
      rights and do not ask Party B to bear any responsibilities and obligations
      for Party A. 
	 	 	 
	 		Even if Party B fails to exercise or delays exercising of any rights
      under the main contract or fails to completely utilize any rescue
      operation under the main contract, Party A’s guaranty responsibilities
      under the contract can not be reduced or exempted; however, once Party B
      reduces or exempts the debts under the main contract, Party A’s guaranty
      responsibilities under the contract are reduced and exempted accordingly.
    
	 	 	 
	 	VI. 	Debtor’s dissolution or bankruptcy 
	 	 	 
	 		In the event that Party A knows that the debtor has entered into dissolution
        or bankruptcy procedure, it shall immediately notify Party B to report
        the debts; at the same time, it shall participate in the dissolution or
        bankruptcy procedure in a timely manner and exercise the claim right in
        advance. If Party A knows or should have known that the debtor has entered
        into dissolution or bankruptcy procedure but fails to exercise the claim
        right in advance, Party A shall be responsible the incurred losses.

      In spite of Article 5 (2), if Party B and debtor reach a reconciliation
        agreement in the debtor’s bankruptcy procedure or a restructuring
        plan, Party B’s rights under the contract are not affect by reconciliation
        agreement or restructuring plan; Party A’s guarantee responsibilities
        are not reduced or exempted. Party A can not defend against Party B’s
        claim of right through the conditions stipulated in the reconciliation
        agreement and restructuring plan. As for the credits compromised by Party
        B in the reconciliation agreement and restructuring plan to the debtor
        without repayment, it still has the right to require Party A for continuous
        repayment. 

	 	 	 
	 	VII. 	In case of any changes in Party A’s communication address or contact
      method, it shall immediately notify Party B in written form; in case of
      any losses arising from timely notification failure, Party A shall bear
      relevant losses by itself. 
	 	 	 
	 	VIII. 	If Party A or debtor fails to strictly comply with relevant laws,
      stipulations or regulations concerning environmental protection, energy
      saving, discharge reduction and pollution reduction or in case of any
      possible energy consumption and pollution risks, 

Exhibit 10.3 

	 		Party B has the right to exercise the guaranty rights under this
      Contract in advance and adopt other remedial measures permitted by the
      contract or law. 
	 	 	 
	 	IX. 	Conditions for the effectiveness of the Contract 
	 	 	 
	 		This Contract becomes effective upon signature or official seal by
      Party A’s legal representative (responsible person) or authorized agent
      and signature or official seal by Party B’s responsible person or
      authorized agent. 

	Article 9 	PARTY A’S REPRESENTATIONS AND
      GUARANTEES 
	 	 
	  	I. 	Party A fully understands Party B’s business
      scope and authorized power. 
	 	 	 
		II. 	Party A has read all the provisions of the
      contract and main contract. In response to Party A’s requirements, Party B
      has specified relevant provisions of this contract and main contract.
      Party A has known and adequately understood the meaning of provisions in
      this contract and main contract and its legal consequence. 
	 	 	 
	  	III. 	Party A has the legal qualification of a
      guarantor. 
	 	 	 
		IV. 	Party A has confirmed it adequately knows the
      debtor’s assets, debts, business, credits and reputation, whether it has
      the main qualification and power of signing the main contract as well as
      all the contents of main contract. 

Exhibit 10.3 

Particular Signing Provisions 

This personal guarantee contract is 2011
Jian Ping Song Dai CZ Zi Bao Zi No.2-2 

	Article 10 	INFORMATION OF CONTRACTORS

Guarantor (Party A): Zhan Youdai, Zhou Liufeng 

Certificate Name and No: ID number: 352128196909072016,
352128197111071529 
Address: No 6-1, Shui Nan Gong Ye Road, Songxi County

Post Code: 353500 
Tel: 2325600 

Creditor: China Construction Bank Co., Ltd 
Songxi Branch
Address: 
No 121 Jiefang Street, Songyuan Town, Songxi County 
Post Code:
353500 
Principal: Liu Liquan 
Fax: 0599-2322644 
Tel: 0599-2322670

To ensure the performance of the RMB Liquid Fund Loan
Contract (hereinafter referred to as the Main Contract, No.:
(2011) Jian Ping Song CZ Zi No.2) entered into by and between Fujian Yada
Group Co., Ltd (hereinafter referred to as Debtor) and Party B, Party A
agrees to assume the jointly guarantee liability for the debt under this
contract. The Parties hereby agree to enter into this contract based on the
mutual consent of consultation and comply with the terms hereof. 

	Article 11 	AGREEMENTS TO ARTICLE

The contract guaranty scope includes
the following Type II:

	 	I. 	All the debts under the main contract include (but not limited to)
      total principal, interest (including compound interest and penalty
      interest), breach penalty, compensation, other expense paid by debtor to
      Party B (including but not limited to relevant handling fee, telecom
      expense, sundry expense and relevant bank expense rejected by foreign
      beneficiary), Party B’s expense in realizing credits and guaranty rights
      (including but not limited to lawsuit expense, arbitration expense,
      property safeguard expense, travel expense, implementation expense,
      evaluation expense, auction expense, notarization expense, transportation
      expense, announcement expense and lawyer’s expense). 
	 	 	 
	 	II. 	The principal under the main contract (currency: RMB) (In Words: RMB
      Two Million and Nine Hundred Thousand yuan) and interest (including
      compound interest and penalty interest), breach penalty, compensation,
      other expense paid by debtor to Party B (including but not limited to
      relevant handling fee, telecom expense, sundry expense and relevant bank
      expense rejected by foreign beneficiary), Party B’s expense in realizing
      credits and guaranty rights (including but not limited to lawsuit expense,
      arbitration expense, property safeguard expense, travel expense,
      implementation expense, evaluation expense, auction expense, notarization
      expense, transportation expense, announcement expense and lawyer’s
      expense). 

Exhibit 10.3 

	Article 12 	DISPUTE SETTLEMENT

	 	Any and all disputes arising in the performance
      of the Contract shall be settled through negotiation. In case that no
      settlement can be reached through negotiation, the disputes shall be
      settled by the first method as follows. 

	 	(1) 	Instituting legal proceedings in the People’s Court of competent
      jurisdiction at Party B’s domicile. 
	 	 	 
	 	(2) 	Submitting to (left blank) Arbitration Commission (place of
      arbitration: (left blank) ) for arbitration in accordance with the
      arbitration rules of the Arbitration Commission in force at the time of
      application. The arbitration award shall be final, and binding upon both
      parties. 

	 	During the process of litigation or arbitration, the
      Parties shall continue to implement this contract, except for the matters
      in dispute. 

	Article 13 	THIS CONTRACT SHALL BE PREPARED IN
      DUPLICATE 
	 	 
	Article 14 	OTHER AGREED ITEMS 

This filed is left blank. 

Exhibit 10.3 

Party A (Official seal):

Legal representative (Person-in-charge) or authorized agent
(Signature): Zhan Youdai, Zhou Liufeng 
(Signature) 
Date: February 15,
2011

Party B (Official seal): China Construction Bank Co., Ltd.
Songxi Branch (Seal affixed) 
Responsible person or authorized agent
(Signature): 
Date: February 15, 2011

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