Document:

Seed Supplier Agreement

Contract No.:100501

Supplier: Beijing Shiqiang Dadi Seed Co., Ltd.

Address: No. 1 Lucheng Road, Efang  Village Huangcun Town Daxing District, Beijing, PRC

Post code: 100081

Tel: (86-10) 67757799

Fax: N/A

    

Buyer:  Gansu JOY Agricultural Technology Co., Ltd.

Address: East City Industrial Development Zone, Minqin County, Wuwei City, Gansu Province, PRC

Post code: 733300

Tel: (86-935) 4124-118

Fax: N/A.

In accordance with the PRC Contract Law, PRC Seed Law and other relevant regulations, the Supplier and Buyer hereby enter into this agreement to clarify the rights and obligations of both parties.

1.  Seed Type, Variety, Quality, Quantity and Amount

	
Seed Type

	
Specification

	
Quantity

	
Quality

	
Price

	
Amounts

	
Purity

	
Cleanliness

	
Germination 

rate

	
Moisture

Content

	
 Sun flower Seed

	
Premium  

	
 120 ton

	
No lower than 96% 

	
 No lower than 97%

	
No lower than 90%

	
No higher than 8% 

	
RMB100/kg

	
RMB 12,000,000

2.  Seed Inspection and Quarantine

	
1)

	
Supplier should provide Buyer with the quality certificate of the seed issued by third party and the certificate of inspection in its origin place.

	
2)

	
Buyer should re-inspect the germination rate, cleanliness and moisture within two sprout cycles after receiving the seed and re-inspect the hybrid rate within the first plantation cycle after receiving the seed. If there is any problem, Buyer should inform Supplier within the agreed time frame; otherwise, the seed is considered qualified.

	
3)

	
Both Supplier and Buyer should seal the sample of each batch of seed for future re-inspection and identification until the batch of seed has already been planted and harvested.

3.  Packing and Packing Expense

Packing requirements: packaged by imported paper bag, with 25,000 seeds each bag.

Packing expense: paid by Supplier.

4.  Delivery Time, Place of Delivery, Shipping Mode and Freight

Delivery Time: no later than March 15 2011

Place of Delivery: Tianjin Xingang

Shipping Mode: arranged by Buyer and Supplier may provide assistance.

Freight: paid by Buyer.

 

  

  

  

  

5.  Deposit Amount and Time

Deposit Amount: RMB 5,800,000

Deposit Time: paid by Buyer to Supplier’s designated bank account within 5 days after this agreement is signed by both parties.

      

6.  Settlement

Method of Settlement: bank transfer.

Settlement Time: settled by Buyer at least 10 days before the delivery of seed.

7.  General Responsibility

Supplier’s Responsibility: ensure that the variety, quantity and quality of the supplied seed meet the requirements of the Agreement and deliver the seed to agreed place within the prescribed time frame.

Buyer’s Responsibility: consign deposit and settle up according to the Agreement.

8.  Force Majeure

If the quantity and quality of the seed could not meet the requirements of the Agreement due to force majeure such as natural disaster and government behavior (import examination and approval by Ministry of Agriculture), Supplier should promptly notify Buyer and both parties should negotiate and sign supplementary agreements. If negotiation fails, the Contract Law and seed management regulations are applied.

9.  Settlement of Disputes

If seed quality dispute arises, the seed should be sent to National Crop Seed Quality Supervision, Inspection and Test Center of Ministry of Agriculture for technical appraisement. The appraisement result is final and the appraisement charge should be reimbursed by the responsible party. Any dispute arising in the execution of the Agreement, both parties should settle through friendly consultations. If negotiation fails, both parties could apply to the arbitration institution in supplier’s location or file a suit to people's court at Supplier’s premise.

10.  Others

Issues unmentioned in the contract should be handled in accordance with the PRC Contract Law, PRC Seed Law and relevant state regulations. Upon agreement of both parties, supplementary provisions could be made. If guarantee is needed, another separate guarantee contract should be signed as appendix of this contract.

This Agreement is executed in two copies and takes effect after signature and seal of both parties. Each party shall preserve one copy with equal legal effect.

     

  

  

  

     

	
Supplier:

	
Beijing Shiqiang Dadi Seed Co., Ltd.

	
By:

	
/s/Yu Yanquan

	 	
Yu Yanquan

Date: May 10, 2010

   

	
Buyer:

	
Gansu JOY Agricultural Technology Co., Ltd.

	
By:

	
/s/Liu Xinmin

	 	
Liu Xinmin

Date: May 10, 2010Seed Supplier Agreement

Contract No.:100601

Supplier: Beijing Jinse Guyu Seed Technology Co., Ltd.

Address: No. 6 (Jia) Nanda Street, Zhucheng Plaza Suite 1816, Zhongguancun Haidian District, Beijing, PRC

Post code: 100081

Tel: (86-10) 51582197, (86-10) 51581795

Fax: (86-10) 51582177

    

Buyer:  Gansu JOY Agricultural Technology Co., Ltd.

Address: East City Industrial Development Zone, Minqin County, Wuwei City, Gansu Province, PRC

Post code: 733300

Tel: (86-935) 4133138

Fax: (86-935) 4121021

In accordance with the PRC Contract Law, PRC Seed Law and other relevant regulations, the Supplier and Buyer hereby enter into this agreement to clarify the rights and obligations of both parties.

1.  Seed Type, Variety, Quality, Quantity and Amount

	
Seed Type

	
Specification

	
Quantity

	
Quality

	
Price

	
Amounts

	
Purity

	
Cleanliness

	
Germination 

rate

	
Moisture

Content

	
 Sun flower Seed

	
Premium  

	
 150 ton

	
No lower than 96% 

	
 No lower than 97%

	
No lower than 90%

	
No higher than 8% 

	
RMB110/kg

	
RMB 16,500,000

2.  Seed Inspection and Quarantine

	
1)

	
Supplier should provide Buyer with the quality certificate of the seed issued by third party and the certificate of inspection in its origin place.

	
2)

	
Buyer should re-inspect the germination rate, cleanliness and moisture within two sprout cycles after receiving the seed and re-inspect the hybrid rate within the first plantation cycle after receiving the seed. If there is any problem, Buyer should inform Supplier within the agreed time frame; otherwise, the seed is considered qualified.

	
3)

	
Both Supplier and Buyer should seal the sample of each batch of seed for future re-inspection and identification until the batch of seed has already been planted and harvested.

3.  Packing and Packing Expense

Packing requirements: packaged by imported paper bag, with 25,000 seeds each bag.

Packing expense: paid by Supplier.

4.  Delivery Time, Place of Delivery, Shipping Mode and Freight

Delivery Time: no later than March 15, 2011

Place of Delivery: Tianjin Xingang

Shipping Mode: arranged by Buyer and Supplier may provide assistance.

Freight: paid by Buyer.

     

  

  

  

    

5.  Deposit Amount and Time

Deposit Amount: RMB 8,000,000

Deposit Time: paid by Buyer to Supplier’s designated bank account within 5 days after this agreement is signed by both parties.

     

6.  Settlement

Method of Settlement: bank transfer.

Settlement Time: settled by Buyer at least 10 days before the delivery of seed.

7.  General Responsibility

Supplier’s Responsibility: ensure that the variety, quantity and quality of the supplied seed meet the requirements of the Agreement and deliver the seed to agreed place within the prescribed time frame.

Buyer’s Responsibility: consign deposit and settle up according to the Agreement.

8.  Force Majeure

If the quantity and quality of the seed could not meet the requirements of the Agreement due to force majeure such as natural disaster and government behavior (import examination and approval by Ministry of Agriculture), Supplier should promptly notify Buyer and both parties should negotiate and sign supplementary agreements. If negotiation fails, the Contract Law and seed management regulations are applied.

9.  Settlement of Disputes

If seed quality dispute arises, the seed should be sent to National Crop Seed Quality Supervision, Inspection and Test Center of Ministry of Agriculture for technical appraisement. The appraisement result is final and the appraisement charge should be reimbursed by the responsible party. Any dispute arising in the execution of the Agreement, both parties should settle through friendly consultations. If negotiation fails, both parties could apply to the arbitration institution in supplier’s location or file a suit to people's court at Supplier’s premise.

10.  Others

Issues unmentioned in the contract should be handled in accordance with the PRC Contract Law, PRC Seed Law and relevant state regulations. Upon agreement of both parties, supplementary provisions could be made. If guarantee is needed, another separate guarantee contract should be signed as appendix of this contract.

This Agreement is executed in two copies and takes effect after signature and seal of both parties. Each party shall preserve one copy with equal legal effect.

  

  

  

     

	
Supplier:

	
Beijing Jinse Guyu Seed Technology Co., Ltd.

	
By:

	
/s/Chi Hua

	  	
Chi Hua

Date: June 8, 2010

 

	
Buyer:

	
Gansu JOY Agricultural Technology Co., Ltd.

	
By:

	
/s/Wang Guoyu

	  	
Wang Guoyu

Date: June 8, 2010Sunflower Oil Distribution Agreement

Party A (Manufacturer): Gansu JOY Agricultural Technology Co., Ltd.

Party B (Distributor): Wuwei City Postal Bureau 

(collectively, the parties)

Date of Signing: 12/09/2010

    

Upon mutual understanding, the parties enter into this agreement with honest and good faith in accordance with related laws of the People's Republic of China, where Party A, the owner with both the ownership and operation right of the “Westerner” brand, the manufacturer of the sunflower oil with the sales right, hereby authorizes Party B the distribution right of the registered brand of “Westerner” sunflower oil products as the exclusive distribution agent.

   

	
1.

	
Product’s Name, Specification and Price

      

	
Name

	 	
Specification 

(per Unit)

	 	 	
Unit

(Barrel)

	 	 	
Special Price per 

Unit to Post 

Bureau (RMB)

	 	 	
Wholesale 

Price per 

Unit (RMB)

	 	 	
Market Retail 

Price per Unit 

(RMB)

	 
	
Sunflower Oil

(grade 1)

	 	 	1.0	L	 	 	15	 	 	 	14.2	 	 	 	16.8	 	 	 	19.8	 
	
Sunflower Oil

(grade 1)

	 	 	2.1	L	 	 	8	 	 	 	28.8	 	 	 	34.6	 	 	 	40.9	 
	
Sunflower Oil

(grade 1)

	 	 	3.6	L	 	 	4	 	 	 	51.8	 	 	 	58.8	 	 	 	70.8	 
	
Sunflower Oil

(grade 1)

	 	 	5.1	L	 	 	4	 	 	 	72.6	 	 	 	82.8	 	 	 	99.8	 

	
2.

	
Quality Standard of the Products and Conditions and Timeline to be complied by Party A:

	
  

	
1)

	
The products provided by Party A should meet the relevant National Standards, including the packing; otherwise Party A shall reimburse Party B of any incurred losses due to the quality problems (and failure of the timely delivery), including the nominal reputation damages.

	
  

	
2)

	
Party A shall mark the products with the tag of “For Post Bureau Only”

	
  

	
3)

	
Party A shall show Party B of all valid business related licenses and certificates.

	
  

	
4)

	
Party A shall provide Party B of sample products for future verification purpose.

	
  

	
5)

	
Party A shall provide Party B free consultations in connection with the products distribution and the parties may split the costs of personnel training incurred in the distributions.

	
  

	
6)

	
Part A shall timely respond to any and all complaints received from customers regarding the products.

  

  

  

  

  

3. Delivery: Party A shall deliver the ordered products within 3 business days (for large volume orders, deliver within 10 days) to the designed delivery place by Party B.  Party B shall conduct the inspection upon the delivery and any disputes shall be marked on the delivery order copy and shall be sent to Party A within 3 days through phone call or facsimile.  Any verified damages caused to products during the delivery shall be returned and exchanged by Party A.

4. Payment: the parties agree to have the revolving payments for the products.  Upon the second delivery of the products, the payment for the first delivered order shall be cleared.

5. Acceptance Standard, Method, and Dissent period: Acceptance procedure is conducted according to the quotation form, specification, place of origin and user’s confirmation.

6.Returns and Exchanges: Party A shall return any products with quality problems without condition and the costs shall be solely assumed by the Party A.  Any delivery and other costs associated by the returns due to the failure of sales shall be paid by Party B. The party with fault/negligence shall assume the costs incurred in returns not due to quality problem.  Party A must exchange the products with an imminent expiration date, but the delivery costs shall be paid by Party B.

7. Promotion:

1) Party A shall give free gifts to customers with large volume orders through Party B.

2) Party B shall obtain prior approval from Party A for any sales and marketing promotion arrangements.

3) The Parties agree to conduct a press release for the distribution cooperation project and Party B shall responsible for the accommodation costs while Party A shall be responsible for any all other expenses.

8. Confidentiality. Within 1 year from the termination of this Agreement, the parties shall not release any business information of each other to a third party/

   

9. Liability for Breach: within 20 days the defaulting party shall promptly correct the defaults under this Agreement, or notify the other party in writing disputing the alleged defaults.  The defaulting party shall be fully liable to any and all losses caused to the other party.

10. Terms:

1) The agreement shall take effect on the date of execution. The term of this agreement is two years, provided the products are delivered and the total price is paid off.

  

  

  

  

  

2) Termination: a) 1 month before the expiration of this Agreement, any parties can notify the other party in writing of no intention to renew the Agreement, then the Agreement shall expire at the expiration date. b) During the execution of this Agreement, any party defaults under the Agreement and the parties fail resolve the disputes, the parties can early terminate this Agreement in writing consents. c) If one party applies for bankruptcy or one party is incapable to execute this Agreement, the Agreement can be early terminated.

   

12. Litigation: Any dispute arising in the execution of the Agreement, it shall be settled through mutual negotiation.  If no agreement is reached, it shall be submitted to the people’s court where Party A domiciles.

13. Miscellaneous.

1) Any discrepancies between this Agreement and related laws and regulations, the parties shall follow the laws and regulations.  Other part of this Agreement shall have valid effectiveness.

2) Each party shall observe the terms of Agreement. No amendment or deletion of this Agreement shall be valid until it is signed by both parties. The parties shall attach necessary addendums to this Agreement with same effectiveness.

3) The Agreement shall be executed in 6 originals. Each party has 3 originals.

	
Party A (seal)

	
Party B (seal)

	  	  
	
Legal Representative

	
Legal Representative

	  	  
	
Date: 12/09/2010

	
Date: 12/09/2010

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