Document:

f8k020111ex10i_neweratech.htm

Exhibit 10.6

 

Agricultural Products Purchase Agreement

Seller: Hunan Xiangmei Food Co., Ltd. (Part A)

Purchaser: Henan Yunhe Cailanzi Development Co., Ltd. (Party B)

For the purpose to develop the long-term cooperation between the parties, this Agreement is entered into by and between the parties on terms and conditions mutually agreed upon as follows:

	
1.  

	
For the purpose to ensure the sufficient productions in the second half year, Party B hereby purchases the agriculture products (Glutinous Rice, Sesame, Peanut, etc.) from Party A and the total amount shall be determined at the time when the above ordered products are delivered to Party B’s storages.

	
2.  

	
Quality Requirement: The ordered products actually delivered to Party B’s storages shall be the same as the samples previously provided to Party B’s storages: percentage of the water contained shall be between 13.5% to 14%.

	
3.  

	
Price: Glutinous Rice (¥3,300/ton), Peanut (¥8,000/ton) and Sesame (¥12,000/ton).  Once the above prices are agreed to by the parties herein, no party shall unilaterally adjust the prices according to the market prices.  Any adjustment made to the prices shall be mutually agreed to by the parties.  Party B shall be responsible for the delivery costs and expenses.

	
4.  

	
Delivery and Payment: Upon the delivery from Party A to Party B, Party B shall conduct the quality inspection in Party B’s storages.  Upon passing the inspections, the transaction shall be confirmed as valid and Party B shall make the payment within 60 days.

	
5.  

	
This Agreement shall be effective from 07/28/2010 to 04/30/2011 and shall be effective upon the parties’ signatures.  Any disputes between the parties under this Agreement shall be resolved through amicable negotiations in good faith.

 

	
Party A: (Corporate Seal)

	
Party B: (Corporate Seal)

	
Corporate Representative: Jilin Zhou

	
Corporate Representative: Zihua Zhu

	
Date: 07/28/2010

	
Date: 07/28/2010f8k020111ex10iii_neweratech.htm

Exhibit 10.7

 

PROPERTY LEASE AGREEMENT

Leasor (Party A): Jiling Zhou & Taiping Zhou

Leasee (Party B): Hunan Xiangmei Food 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 matter of land property leasing for the business operation purpose, on terms and conditions mutually agreed upon as follows:

	
        1.  

	
Leased Premises

Party B leases herein from Party A the national owned land #01003 [2005] in Qiyang County Wuxi Town Shoujing Road, area of 1,723m2; the national owned land #000769 [2005] in Qiyang County Wuxi Town Shoujing Road, area of 4,115.5m2; the national owned land #000770 [2005] in Qiyang County Wuxi Town Shoujing Road, area of 1,690.5m2.  The total area is 7,529 m2.  The permitted use of the land shall be referred to the authorized scope on the business license.

	
      2.  

	
Leasing Period:

	
Land Use Certificate #

	
Land Use Permitted Period

	
Leasing Period

	
Qiyang National Owned #01003

	
06/2005-06/2055

	
03/2006-06/2055

	
Qiyang National Owned #000769

	
05/2005-05/2055

	
03/2006-05/2055

	
Qiyang National Owned #000770

	
05/2005-05/2055

	
03/2006-05/2055

	
      3.  

	
Rent:

The rent shall be paid on an annual basis.  The rent is based on the amortization values of each lot of the leased land (see below).  Rent shall be paid in cash payments and be due by the end of each year.

  

  

  

	
Land Use Certificate #

	
Area

	
Unit Price

	
Total Price (¥)

	
Total Period

	
Monthly Amortization (¥)

	
Qiyang National Owned #01003

	
1,723.00 m2

	
1,166/ m2

	
2,009,018

	
50

	
3,348.36

	
Qiyang National Owned #000769

	
4,115.50m2

	
316/ m2

	
1,300,498

	
50

	
2,167.50

	
Qiyang National Owned #000770

	
1,690.50m2

	
848/ m2

	
1,433,544

	
50

	
2.389.24

	
Total

	
7,526.00 m2

( Note: Typo-shall be 7,529.00)

	  	
4,743,060

	  	
7,905.10

	
4.  

	
Rights and Obligations of Party A

	
1)  

	
Party A shall be responsible to enact any and all internal regulations in connection with the security, the fire protections, hygiene and health, electricity and business operation hours as required by related laws, and supervise the execution of the above internal regulations.

	
2)  

	
Party A shall assist the related administrative authorities to supervise, correct, educate Party B or unilaterally terminate this Agreement if there is any violation by Party B.

	
3)  

	
Party A shall provide the agreed premises and the related facilities and conditions to Party B under this Agreement for Party B’s normal business operation purpose.

	
5.  

	
Rights and Obligations of Party B

	
1)  

	
Party B shall have right to supervise Party A to perform the contractual obligations under this Agreement.

	
2)  

	
Party B shall have the legal operation qualifications issued from related authorities and shall conduct the business within the scope permitted by the Office of Administration of Industry and Commerce in the business license and other certificates.

	
3)  

	
Party B shall operate the business on the leased premises as agreed in this Agreement and shall consciously abide by Party A’s above internal regulations and the rules in connection with the receipts/documents requesting requirements of Party A.  Party B shall also follow Party A’s supervision and management.

  

  

  

	
4)  

	
Party B shall pay the rent at the timely basis and shall be fully responsible for any and all tax and expenses related payments incurred in the business operations.

	
5)  

	
Party B shall use the provided facilities on the leased premises at a cautious and reasonable basis.  No change to the facilities without Party A’s prior consent is allowed.  Party B shall be fully responsible for any and all compensations to the damages caused thereby.

	
6)  

	
Party B shall operate the business under the related rules and regulations by all administrative offices and under the good faith of fair and justice, without endangering the interests of the nation, other business operators and the consumers.  Party B shall be fully responsible for any and all consequences resulted herein by Party B’s illegal business operations.

	
       6.  

	
Termination of Agreement

This Agreement shall automatically terminate upon the expiration of the above leasing period.

	
        7.  

	
Waiver

In the event that the leased premises is not suitable to be used or leased under this Agreement due to the Force Majeure or any other reasons rather than the parties’ faults, Party A shall reduce and adjust the rent accordingly.

	
        8.  

	
Return of Leased Premises

Upon the termination of this Agreement by the expiration of the above leasing period, or the parties terminate this Agreement upon consents, Party B shall return Party A the leased premises and facilities included at good conditions suitable for re-leasing purposes.  In the event that Party B fail to return the properties to Party A as set forth above, Party A shall have the right to claim the repossession of the above properties through necessary measures.  Any and all losses and expenses incurred herein shall be paid by Party B.

  

  

  

	
        9.  

	
Disputes

Any disputes between the parties under this Agreement shall be resolved through amicable negotiations in good faith or through mediation by related offices.  In the event that the disputes can not resolved through negotiation or mediation, either party shall have the right to sue the other in the local People’s Courts under the laws.

	
10.  

	
Miscellaneous

Any land property ownership changes during the leasing period shall not affect this Agreement and this Agreement shall remain full effectiveness.

	
11.  

	
This Agreement shall be effective upon the following signatures and seals and shall be executed in two counterparts, each of which shall be deemed original and the parties shall have one counterpart each.

	
12.  

	
This Agreement shall not be changed without written agreements as addendums to the Agreement agreed to by the parties upon the signatures and seals.  Each addendums shall have same effectiveness as this Agreement.

The above internal regulations unilaterally enacted by Party A shall become a party of this Agreement.  Should there be any discrepancies between the internal regulations and this Agreement, this Agreement shall prevail, except as otherwise provided by laws and regulations.

 

	Party A: [Jiling Zhou, Taiping Zhou]  	Party B: [Corporate Seal]
	Date:  08/25/2010   	Date: 08/25/2010f8k020111ex10vi_neweratech.htm

Exhibit 10.8

 

INVESTMENT AGREEMENT

Chapter 1 General Statement

 

Article 1: The Parties

Party A: Hunan Qiyang Industrial Zone Management Committee

Corporate Representative: Xiaochun Liu

Address: Wuxi South Road, Wuxi Town, Qiyang County

Website: www.qdz.gov.cn

Tel.: 086-0746-3270338, 086-0746-3211789

Fax: 086-0746-3270339

Party B: Hunan Xiangmei Food Co., Ltd.

Corporate Representative: Taiping Zhou

Address: 200 Shoujing Road, Wuxi Town, Qiyang County

Tel.: 086-0746-3269828

Fax: 086-0746-3269828

Article 2: This Agreement is entered into and between the parties, upon friendly consultations and negotiations under the PRC Contract Law, Qiyang Industrial Zone Project Management Rules (the “Rules”) and related rules and regulations, on the following terms and conditions mutually agreed upon.

Chapter 2 Introduction of the Project

Article 3: Party B agrees to invest ¥50,000,000 (including fixed asset investment of ¥30,000,000 and registered capital of ¥10,000,000) to incorporate new companies within the Industrial Zone under the Party A’s management for the business operation of producing ice cream and pre-pared frozen food.

Article 4: Party A shall incorporate the new companies within the territory from the north of Dengta Road and within the west of Baizhu Road (see the permitted land use territory by red line on the attached map).  The total permitted land area is 100 Mu (66.66 Sq. Km) (the land use permit will be issue by two installments-the first permit is for 60 Mu and the second permit is for 40 Mu).  The nature of such land use permit is the state-owned land for lease, for the purpose of industrial use only, with the permitted period of 50 years (from the date that the State-Owned Land Use Right Certificate is issued).

Article 5: From the date of this Agreement, Party B shall deposit the lease payment fee of ¥20,000/Mu with Party A within 15 business days for the first permit of total 60 Mu.  Upon the receipt of the payment of ¥1,200,000.00 for the first permit from Party B to the bank account desired by Party A (Bank: Qiyang Village and Town Bank; Account Name: Hunan Qiyang Industrial Construction Investment Co., Ltd.; Account #: 800083888503011), Party A shall deliver the desired land to Party B for use.  Upon the completion of the incorporation project, Party A shall settle the deposited payment made by Party B to Party A in accordance with the Rules and issue Party B the State-Owned Land Use Right Certificate.

 

  

  

  

Article 6: Under the Rules and related laws and the state policies, the parties agree that the minimum investment on the project shall be ¥500,000.00/Mu.  In the event that the investment is less than the above, Party B agrees to reimburse Party A the difference in payment by a lump sum payment calculated by the following formula: ¥80,000 (the required minimum lease payment fee for the industrial use purpose land) × the investment price agreed in this Agreement (¥500,000.00/Mu) ÷ actual invested amount.

Article 7: the total construction period for Party B’s project is 24 months, from the date that Party A issued the Notice to Initiate the Project Construction to Party B.  In the event that the project is delayed by the reason of Party A or Force Force Majeure, Party A consents that Party B could defer the project accordingly.

Article 8: Party B shall conduct the business operation within the permitted business scope set forth in the business license issued by the industrial and commercial office.

Chapter 3 Introduction of the Project

Article 9 Rights and Obligations of Party A

	
1)  

	
Party A shall be responsible to deliver Party B the land with the access to water, electricity, transportation, gas, communication facilities and usable land conditions.

	
2)  

	
Party A shall provide comprehensive assistance to Party B on a timely basis to follow up the project and resolve any possible difficulties and issues incurred to Party B during the project construction and operation.

	
3)  

	
Party A shall follow the Regulation to Attract the Investment for Progressive Industrial Development in Qiyang County (the Qi Policy # [2007] 15) and the Rules to grant Party B the entitled favorable policies and treatments.

Article 10 Rights and Obligations of Party B

	
1)  

	
Upon the receipt of the related licenses and certificates, Party B shall have the independent right to conduct the business operation without interferences under the laws.

	
2)  

	
Party B shall file necessary applications for the project construction and follow the agreed requirements on the investment amount, buildings locations and the desired density.  Party shall not start the construction without Party A’s prior review and consent to the blue prints of the construction plans.

	
3)  

	
Party B shall be responsible to the road construction, water supply and drainage, electricity supply, communication supply, green-belts planting, fire protection and other related environmental friendly constructions.  Any related facilities shall be used in business only upon the prior inspection and consent by Party A and related offices.

	
4)  

	
Party B shall start and complete the project at a timely basis.  Before the completion of the project, Party B shall submit application for completion to Party A in writing.  In the event Party B fails to submit the above application, the project shall deem uncompleted.

	
5)  

	
Party B shall not change the use purpose of the land and shall not lease, pledge or transfer the land use right to a third party before the project is completed.  Otherwise, Party A shall have the right to forfeit the land and any thing that is an appurtenant to land from Party B without any payment or reimbursement to Party B.

	
6)  

	
Party B shall conduct the business operation under the laws, file the required taxes, conduct the safety production codes and follow the management and services from Party A.

 

  

  

  

 

Chapter 4 Breach of the Contract

Article 11: Upon the entrance of this Agreement, if Party A fails to follow the Rules and change the permitted land area or reduce the land area as agreed to in this Agreement, it will constitute the breach of contract by Party A.  If Party B fails to start and complete the project at a timely basis, it will constitute the breach of contract by Party B.

Article 12: Upon the entrance of this Agreement, if any party fails to comply with the Rules, the party shall be fully responsible for its breach under this Agreement.  Any party causing the failure to execute this agreement shall pay the other party ¥10,000.00 for its breach liabilities.  In the event that the other party’s losses exceed the above amount, the breaching party shall compensate the other the losses amount actually incurred.

Chapter 5 Resolution of Disputes

Article 13: 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 be resolved through negotiation, the parties agree to refer the disputes to the Yongzhou City Arbitration Committee for arbitration purpose.

Chapter 6 Miscellaneous

Article 14: Any project proposals, feasibility report, land map, the copies of the Qi Policy # [2007] 15 and the Rules shall be incorporated into this Agreements as addendum with same legal effect of this Agreement.

Article 15: Any matters not described in this Agreement shall be subject to the parties’ negotiation.

Article 16: This Agreement shall be executed in four copies with two copies for each party 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: [Corporate Seal]
	Corporate Representative: Xiaochun Liu   	Corporate Representative: Taiping Zhou
	09/23/2009

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