Document:

EXHIBIT
      10.25

     

    STOCK
      PURCHASE AGREEMENT

     

    THIS
      STOCK PURCHASE AGREEMENT, dated as of the 24th day of January 2008 (the
“Agreement”), is by and among Fortune
      Finance Overseas Ltd., a British Virgin Islands company
      (the
“Seller”), and Medan, LLC, a limited liability company formed under the laws of
      the State of Delaware (the “Purchaser”).

     

    WITNESSETH:

     

    WHEREAS,
      the Seller desires to sell to the Purchaser, and the Purchaser desires to
      purchase 9,700 shares of capital stock (the “Company Shares”) of PT Panganmas
      Inti Nusantara, an Indonesian company (the “Company”), on the terms and
      conditions set forth below; and 

     

    WHEREAS,
      the Seller is in the process of completing the transfer of certain Company
      shares from PT. Citra Jaya Makmur a limited liability company incorporated
      under
      Indonesian law ( “CJM”);

     

    WHEREAS,
      the Seller, upon completion of the transfer of Company shares from CJM is the
      majority shareholder of the Company.

     

    WHEREAS,
      the Seller and the Purchaser have established an escrow account (the “Escrow
      Account”) at U.S. Bank, N.A. in San Francisco, California, U.S.A. (the “Escrow
      Agent”) for the purposes of effecting the payment of the sale contemplated
      hereby.

     

    WHEREAS,
      the Purchaser has deposited into the Escrow Account a total of U.S. $10,675,000,
      a portion of which represents the purchase price of the Company
      Shares.

     

    WHEREAS,
      under the laws of Indonesia, before the sale of the Company Shares can be
      effected, the Investment Coordinating Board of Indonesia (the Badan Koordinasi
      Penanaman Modal) must approve the Company’s Foreign Investment Application (the
      Izin atas Permohonan Penanaman Modal Asing), which approval is evidenced by
      the
      issuance of a Surat
      Persetujuan Penanaman Modal Asing
      (the
“Certificate”).

     

    NOW,
      THEREFORE, in consideration of the premises and of the mutual representations,
      warranties and agreements set forth herein, the parties hereto agree as
      follows:

     

    ARTICLE
      I

    SALE
      AND PURCHASE OF SHARES

     

    1.1
      Transfer
      of Shares.
      Subject
      to the terms and conditions set forth in this Agreement and in reliance upon
      the
      representations and warranties of the Seller and the Purchaser herein set forth,
      at the Closing, the Seller shall sell, transfer, convey, assign and deliver
      to
      the Purchaser, and the Purchaser shall purchase from the Seller, by appropriate
      bills of sale, assignments and other instruments satisfactory the Purchaser
      and
      its counsel, good and marketable title in and to the Company
      Shares.

     

    
      
        
        

      

      
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    ARTICLE
      II

    PURCHASE
      PRICE, PAYMENT AND RELATED MATTERS

     

    2.1
      Purchase
      Price.
      At the
      Closing, the Purchasers shall, through release from Escrow Account, pay to
      the
      Seller for the Company Shares the aggregate sum of U.S. $8,175,000 (the
“Purchase Price”) by wire transfer from the Escrow Agent of immediately
      available funds into a bank account designated in writing by the Seller on
      or
      prior to the Closing.

     

    2.2
      Transfer
      Taxes.
      The
      Seller shall be solely responsible for the payment of any and all application
      fees and costs payable in Indonesia incident to the sale and transfer of the
      Company Shares contemplated herein.

     

    ARTICLE
      III

    THE
      CLOSING

     

    3.1
      Time
      and Place of Closing.
      The
      closing of the transactions contemplated hereby shall take place as
      follows:

     

    (a) Upon
      the
      receipt of the Certificate, the Seller shall cause the Company to cancel and
      replace the stock certificate representing the 13,750 shares currently owned
      by
      the Seller with two certificates, one representing the 9,700 Company Shares
      registered in the Purchaser’s name (the “Stock Certificate”), and the second
      registered in the Seller’s name representing the remaining 4,050
      shares.

     

    
      
        
        

      

      
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    (b) The
      Seller shall deliver the original Stock Certificate and the original Certificate
      to the Escrow Agent.

     

    (c) At
      lease
      three days prior to the Closing, the Seller shall deliver to each of Weintraub
      Genshlea and Chediak Law Corporation, the Purchaser’s U.S. counsel, and to
      Hanafiah Ponggawa & Partners, the Purchaser’s counsel in Indonesia, (i) a
      copy of both the Stock Certificate and the Certificate (ii) evidence of
      announcement of the plan of acquisition of the Company in a daily newspaper
      as
      required under the Indonesian Company Law; (iii) a copy of the resolution of
      the
      shareholders of the Company approving the transfer of shares from the Seller
      to
      the Purchaser as required by the Articles of Association of the Company and
      the
      Indonesian Company Law;
      (iv)
(v)
      reasonable evidence of the announcement to the employees of the Company of
      the
      acquisition plan; and (vi) the
      deed
      of transfer of shares between CJM and Seller.

     

    (d) In
      accordance with the terms of the agreement governing the disbursement of funds
      from the Escrow Account, upon the receipt by Escrow Agent of the Certificate
      and
      the original Stock Certificate, the Escrow Agent shall promptly release (but
      in
      no event later than by noon the first business day after the receipt by the
      Escrow Agent of the foregoing Certificate and Stock Certificate) the Purchase
      Price from the Escrow Account and transfer that Purchase Price payment to the
      Seller in accordance with Section 2.2 above. The “Closing” shall be deemed to
      have occurred on the date that Purchase Price payment is sent to the Seller
      by
      the Escrow Agent.

     

    3.2
      Expiration
      of this Agreement.
      In the
      event that the Closing has not occurred by the close of business in San
      Francisco, California, on April 30, 2008, this Agreement shall automatically
      terminate and the Escrow Agent shall, as set forth in the escrow agreement,
      return the funds held in the Escrow Account to the Purchaser. 

     

    3.3
      Additional
      Conditions to Close.
      At
      least three business days prior to Closing, Seller shall deliver to Purchaser
      the following documents, with a copy of each delivered to Hanafiah, Ponggawa
      & Partners, the Purchaser’s counsel in Indonesia:

     

    (a) the
      approval of the Board of Directors of the Company for the transfer of shares
      from CJM to Seller;

     

    
      
        
        

      

      
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    (b) the
      resolution of the shareholders of the Company approving the transfer of 13,750
      Company shares of CJM to Seller
      as
      required by the Articles of Association of the Company and the Indonesian
      Company Law;

     

    (c) the
      Approval from the Investment Coordinating Board of Indonesia  approving
      Seller as a shareholder of the Company and therefore the  change
      of
      status of the Company from domestic investment company to foreign investment
       company;

     

    (d) the
      deed
      of transfer of shares between CJM and Seller
      that is already effective;

     

    (e) the
      evidence of the announcement to the employees of the Company of the acquisition
      plan as required by the Indonesian Company Law;

     

    (f) the
      evidence of announcement of the plan of acquisition of the Company in daily
      newspaper as required by the Articles of Association of the Company and the
      Indonesian Company Law;

     

    (g) the
      Company Shareholders Registration Book (Daftar
      Pemegang Saham)
      stating
      Seller as a shareholder of the Company; and

     

    (h) the
      Company’s shares certificate under the name of Seller.

     

    ARTICLE
      IV

    REPRESENTATIONS
      AND WARRANTIES OF THE

    SELLER
      REGARDING THE COMPANY AND THE COMPANY SHARES

     

    The
      Seller hereby represents and warrants to the Purchaser that:

     

    4.1
      Title
      to Company Shares.
      Subject
      only to the completion of the transfer from CJM (which Seller represents and
      warrants will be promptly completed, and in all events completed prior to the
      Closing), the Seller is the sole legal and beneficial owner of all of the
      Company Shares, and upon consummation of the purchase contemplated herein,
      the
      Purchaser will acquire from the Seller good and marketable title to the Company
      Shares, free and clear of all liens, claims, encumbrances or restrictions.
      The
      Company Shares have been duly authorized, are validly issued, fully paid and
      nonassessable, and are not subject to, nor issued in violation of, any
      preemptive rights or rights of first refusal. Upon completion of the
      transactions contemplated herein and the stock purchase pursuant to Section
      7.4,
      the Purchaser will own 51% of the outstanding stock of the Company.

     

    
      
        
        

      

      
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    4.2
       Organization;
      Authority to Execute and Perform Agreements.
      The
      Seller is a corporation duly organized, validly existing and in good standing
      under the laws of the British Virgin Islands and is qualified to do business
      in
      every jurisdiction in which it is required to be qualified, with the requisite
      power and authority to own and use its properties and assets and to carry on
      its
      business as currently conducted. The Seller has full power and authority and
      all
      licenses, permits, authorizations, agreements, consents and exemptions, and
      has
      satisfied all conditions and terms relating or attaching thereto, as necessary
      to own and operate its properties and to carry on its business as now conducted,
      and all such licenses, permits, authorizations, agreements, consents and
      exemptions are in full force and effect and have been fully complied with.
      There
      are no circumstances, facts or matters which indicate that any of the licenses,
      permits, authorizations, agreements, consents and exemptions will or are likely
      to be revoked or not renewed, in whole or in part, in the ordinary course of
      events (whether as a result of the purchase by the Purchaser of the Company
      Shares or otherwise). Correct and complete copies of the Company’s charter
      documents have been provided to Purchaser. The Company is not in default under
      or in violation of any provision of its charter documents. The Seller has the
      full right, power and authority to enter into, execute and deliver this
      Agreement and, subject to the receipt of the Certificate, to transfer, convey
      and sell to the Purchaser at the Closing the Company Shares.

     

    4.3
      Enforceability.
      This
      Agreement has been duly and validly executed by the Seller and (assuming the
      due
      authorization, execution and delivery by the Purchaser) constitutes the legal,
      valid and binding obligation of the Seller, enforceable in accordance with
      its
      terms, except as the same may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium or similar laws affecting creditors’ rights generally
      or by general equitable principles affecting the enforcement of
      contracts.

     

    4.4
      No
      Violation.
      The
      execution or delivery by the Seller of this Agreement does not (i) violate
      in
      any material respect any applicable law or any judgment, order or decree of
      any
      court, and will not result in the creation or imposition of any lien, charge
      or
      other encumbrance upon the Company Shares, or (ii) conflict with, result in
      a
      breach of, constitute a default under, result in the acceleration of, create
      in
      any party the right to accelerate, terminate, modify, or cancel, or require
      any
      notice under any agreement, contract, lease, license, instrument, or other
      arrangement to which the Company is a party or by which it is bound or to which
      any of its assets is subject (or result in the imposition of any encumbrance
      upon any of its assets). For purposes of this Section 4.4, “encumbrance”
means
      any encumbrance, claim, lien, charge, mortgage, security interest, equity,
      option, pledge, restriction on transferability (including, without limitation,
      any voting agreement, voting trust, any restriction on voting rights or right
      of
      disposition), defect of title, attachments, preliminary attachments or adverse
      claims (whether or not made, known or contingent) or other claims or third
      party
      rights of whatever nature on any property or property interest.

     

    4.5
      Compliance
      with Laws.
      The
      Company has complied in all respects with, is not in violation in any material
      respect of, and has not received any notices of violation with respect to all
      laws, ordinances, regulations, interpretations, judgments, decrees, injunctions,
      permits, licenses, certificates, governmental requirements, orders, guidelines
      and other similar items of any court or other governmental entity. Without
      in
      any manner limiting the foregoing: (i) the Company Shares were issued in full
      compliance with all applicable laws of Indonesia relating to the issuance or
      sale of securities, (ii) there has been no storage, disposal, generation,
      manufacture, refinement, transportation, handling, release or treatment of
      waste
      or hazardous substances by the Company at, upon, or from any of the property
      now
      or previously owned or leased by the Company in violation of any applicable
      law,
      ordinance, rule, regulation, order, judgment, decree or permit or which could
      reasonably be expected to require remedial action under any applicable law,
      ordinance, rule, regulation, order, judgment, decree or permit, and (iii) the
      Company will at the Closing have no obligations with regard to current or past
      employees or agents. 

     

    
      
        
        

      

      
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    4.6
      No
      Adverse Litigation.
      The
      Seller is not a party to any pending litigation which seeks to enjoin or
      restrict the Seller’s ability to sell or transfer the Company Shares hereunder,
      nor is any such litigation threatened against the Seller. Furthermore, there
      is
      no litigation pending or threatened against the Seller which, if decided
      adversely to the Seller, could adversely affect the Seller’s ability to
      consummate the transactions contemplated herein or the Purchaser’s ownership of
      the Company shares.

     

    4.7
      Organization
      and Qualification of the Company.
      The
      Company is an entity duly incorporated or otherwise organized, validly existing
      and in good standing under the laws of Indonesia, with the requisite power
      and
      authority to own and use its properties and assets and to carry on its business
      as currently conducted. The Company is not in violation or default of any of
      the
      provisions of its Articles of Association or other organizational or charter
      documents. 

     

    4.8
      Capitalization.
      The
      Company’s authorized capital currently consists of 21,950 shares of capital
      stock, all of which have been issued and are outstanding. As of the date of
      this
      Agreement, CJM owns the 13,750 shares that will be transferred to the Seller
      before the Closing, and Yayasan Bina Sejahtera Warga BULOG (“BULOG”) owns 8,200
      shares. The Company has not issued any other series or class of capital stock,
      and except as set forth in Schedule 4.8, there are no outstanding options,
      warrants, scrip rights to subscribe to, calls or commitments of any character
      whatsoever relating to, or securities, rights or obligations convertible into
      or
      exercisable or exchangeable for, or giving any person any right to subscribe
      for
      or acquire, any of the Company’s shares. All of the outstanding shares of
      capital stock of the Company are validly issued, fully paid and nonassessable.
      Except as set forth in Schedule 4.8, there are no shareholder agreements, voting
      agreements or other similar agreements with respect to the Company’s capital
      stock to which the Company or any of its shareholders is a party. The Company
      is
      not subject to any obligation (contingent or otherwise) to repurchase or
      otherwise acquire or retire any shares of its capital stock. All Company option
      plans or other incentive plans, have been terminated.

     

    4.9
      Title
      to Assets; Permits.
      The
      Company has good and marketable title to that certain parcel of land located
      at
      Kuala Tanjung, Medan, North Sumatra, Indonesia and more specifically described
      on Schedule 4.9 hereto (the “Land”) and good and marketable title to all
      permits, licenses, approvals, and governmental authorizations (“Permits”)
      required for the development and operation of the Land as a wheat mill, free
      and
      clear of any encumbrances. The Permits are sufficient to construct and operate
      the wheat facility as currently contemplated by the parties. The Land is owned
      by the Company free and clear of all liens and encumbrances. In addition to
      the
      Land, the Company owns real estate in Jakarta, Indonesia,which real estate
      the
      Company will transfer and dispose of following the Closing. As set forth in
      Section 5.3, all proceeds from the sale of the Jakarta real estate shall belong
      to the Seller.

     

    
      
        
        

      

      
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    4.10 Company
      Indebtedness.
      All of
      the indebtedness and obligations of the Company of any kind will be discharged
      by no later than the Closing, and the Company shall have no outstanding
      indebtedness or liabilities as of the Closing. The Company has promptly and
      properly notified its insurance carriers of any and all claims known to it
      with
      respect to its operations or products for which it is insured. The Company
      is
      not a guarantor of, nor is it otherwise liable for, any liability or obligation
      (including indebtedness) of any other person or entity.

     

    4.11
      Absence
      of Litigation; No Dissolution.
      There
      is no action, suit, claim, proceeding, inquiry, or investigation before or
      by
      any court, public board, or government agency or body pending or, to the
      knowledge of the Seller, threatened against or affecting the Shares, other
      shares of the Company, the Company or the Land. There is no judgment, decree
      or
      order against the Company, or to the knowledge of the Seller, against its
      commissioners, managers, officers or directors (in their capacities as such).
      No
      order has been made, petition presented or meeting convened for the purpose
      of
      considering a resolution for the winding up of the Company or for the
      appointment of any provisional liquidator. No petition has been presented for
      an
      administration order to be made in relation to the Company, and no receiver
      (including any administrative receiver) has been appointed in respect of the
      whole or any part of any of the assets and/or undertaking of the
      Company.

     

    
      
        
        

      

      
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    4.12
      Tax
      Returns and Payments.
      Except
      for those taxes that are not yet due or required to be paid, the Company has
      made or filed all federal, state, local income and other tax returns, reports
      and declarations required by Indonesia and any jurisdiction to which it is
      subject, and has paid all taxes and other governmental assessments and charges
      that are material in amount, shown or determined to be due on such returns,
      reports and declarations. As more specifically set forth in Section 7.5, the
      Seller agrees that it shall be responsible for, and shall pay all unpaid taxes
      of the Company relating to any period prior to the Closing, and, if any
      additional taxes accrue to the Company as a result of the disposition of the
      Jakarta building after the Closing, all of the taxes related to the Jakarta
      building.

     

    4.13
      No
      Broker.
      No
      broker, finder, agent or similar intermediary has acted for or on behalf of
      Seller or is entitled to a fee or commission in connection with this Agreement
      or the transactions contemplated hereby.

     

    4.14 Disclosure.
      The
      representations and warranties contained in this Section 4 do not contain
      any untrue statement of a material fact or omit to state any material fact
      necessary in order to make the statements and information contained in this
      Section 4 not misleading.

     

    ARTICLE
      V

    REPRESENTATIONS
      AND WARRANTIES OF THE PURCHASER

     

    The
      Purchaser represents and warrants to the Seller that:

     

    5.1
      Organization;
      Authority; Due Authorization.
      The
      Purchaser is duly organized, validly existing and in good standing under the
      laws of Delaware, and has all requisite power, authority and approvals required
      to enter into, execute and deliver this Agreement and to perform fully its
      obligations hereunder. The Purchaser has taken all actions necessary to
      authorize it to enter into and perform fully its obligations under this
      Agreement and to consummate the transactions contemplated herein. This Agreement
      is the legal, valid and binding obligation of Purchaser, enforceable in
      accordance with its terms.

     

    
      
        
        

      

      
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    5.2
      No
      Violation.
      The
      execution and delivery of this Agreement and the consummation of the
      transactions contemplated herein will not (a) violate, conflict with, or
      constitute a default under any contract or other instrument to which the
      Purchaser is a party or by which it or its property is bound, (b) require the
      consent of any party to any material contract or other agreement to which
      Purchaser is a party or by which it or its property is bound, or
      (c) violate any laws or orders to which Purchaser is subject.

     

    5.3
      Reorganization
      of the Company.
      The
      Purchaser is aware that, prior to the date of this Agreement, the Company was
      engaged in certain other business activities (including the distribution of
      wheat flour) (“Prior Activities”) and that the Company owned other assets that
      are not related to the Land or to the wheat flour mill that the Company proposes
      to develop on the Land (all such assets other than the Land and rights, permits
      and interest that are not directly related to the proposed wheat mill are herein
      collectively referred to as the “Unrelated Assets”). The Unrelated Assets
      include a building in Jakarta, Indonesia, and several automobiles kept in
      Jakarta. The Purchaser hereby agrees and acknowledges that the Company shall
      dispose of, or has disposed of, the Unrelated Assets prior to and, with respect
      to the building in Jakarta, after the Closing, and that the Unrelated Assets
      and
      all proceeds received from the disposal of such Unrelated Assets shall be the
      property of the Seller and not of the Company. The Purchaser further
      acknowledges that the Unrelated Assets may be transferred to affiliates of
      the
      Seller. In addition to the Unrelated Assets, the Company may use any cash that
      it may have in its bank accounts prior to the Closing (i) for the payment by
      the
      Company of its outstanding debts and liabilities, and (ii) to make distributions
      to its shareholders (including the Seller). The Purchaser acknowledges that,
      after the reorganization and the disposal of the Unrelated Assets, the Company
      shall, therefore, own the Land and various Permits, licenses and other
      intangible assets related to the proposed development of a wheat mill facility
      on the Land, but that it will not otherwise own any real or personal assets.
      

     

    5.4
      No
      Broker.
      No
      broker, finder, agent or similar intermediary has acted for or on behalf of
      the
      Purchaser or is entitled to a fee or commission in connection with this
      Agreement or the transactions contemplated hereby.

     

    
      
        
        

      

      
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    ARTICLE
      VI

    INDEMNIFICATION

     

    6.1
      Indemnity
      of the Seller.
      In
      addition to its obligations under Section 6.4 below, the Seller agrees to
      indemnify, defend and hold harmless and reimburse the Purchaser and Purchaser’s
      member, and the officers, directors, agents and employees of Purchaser’s member
      (“Purchaser Indemnitees”) from and against, and to reimburse the Purchaser with
      respect to, all liabilities, losses, costs and expenses, including, without
      limitation, reasonable attorneys’ fees and disbursements, asserted against or
      incurred by any Purchaser Party by reason of, arising out of, or in connection
      with (i) any material breach of any representation, warranty or covenant
      contained in this Agreement or made by the Seller or in any document or
      certificate delivered by the Seller pursuant to the provisions of this Agreement
      or in connection with the transactions contemplated thereby (ii) the Company’s
      operations prior to the Closing, including without limitation any acts or
      omissions by the Company or Seller, or any affiliate or agent of either,
      occurring prior to the Closing, or any obligations of the Company arising prior
      to the Closing, or (iii) the Unrelated Assets and/or Prior
      Activities..

     

    6.2
      Indemnity
      of the Purchaser.
      The
      Purchaser agrees to indemnify, defend and hold harmless the Seller from and
      against, and to reimburse the Seller with respect to, all liabilities, losses,
      costs and expenses, including, without limitation, reasonable attorneys’ fees
      and disbursements, asserted against or incurred by the Seller by reason of,
      arising out of, or in connection with any material breach of any representation,
      warranty or covenant contained in this Agreement or made by the Purchaser or
      in
      any document or certificate delivered by the Purchaser pursuant to the
      provisions of this Agreement or in connection with the transactions contemplated
      thereby.

     

    6.3
      Indemnification
      Procedure.
      A party
      (an “Indemnified Party”) seeking indemnification shall give prompt notice to the
      other party (the “Indemnifying Party”) of any claim for indemnification arising
      under this Article VI. The Indemnifying Party shall have the right to assume
      and
      to control the defense of any such claim with counsel reasonably acceptable
      to
      such Indemnified Party, at the Indemnifying Party’s own cost and expense,
      including the cost and expense of attorneys’ fees and disbursements in
      connection with such defense, in which event the Indemnifying Party shall not
      be
      obligated to pay the fees and disbursements of separate counsel for such in
      such
      action. In the event, however, that such Indemnified Party’s legal counsel shall
      determine that defenses may be available to such Indemnified Party that are
      different from or in addition to those available to the Indemnifying Party,
      in
      that there could reasonably be expected to be a conflict of interest if such
      Indemnifying Party and the Indemnified Party have common counsel in any such
      proceeding, or if the Indemnified Party has not assumed the defense of the
      action or proceedings, then such Indemnifying Party may employ separate counsel
      to represent or defend such Indemnified Party, and the Indemnifying Party shall
      pay the reasonable fees and disbursements of counsel for such Indemnified Party.
      No settlement of any such claim or payment in connection with any such
      settlement shall be made without the prior consent of the Indemnifying Party
      which consent shall not be unreasonably withheld.

     

    
      
        
        

      

      
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    6.4
      Company
      Reimbursement.
      In the
      event of a breach of any representation or warranty made by the Seller under
      Sections 4.10 through 4.13, the Seller hereby agrees to reimburse and compensate
      the Company for any debts, costs, expenses or payments that it incurs that
      are
      in excess of the obligations and liabilities disclosed in such Sections 4.10
      through 4.13. For example, in the event that all indebtedness of the Company
      is
      not discharged before the Closing and, as a result, the Company is obligated
      to
      pay any pre-closing indebtedness of the Company after the Closing, the Seller
      shall promptly reimburse the Company for any such payments made by the
      Company.

     

    ARTICLE
      VII

    COVENANTS

     

    7.1
      Shareholders/Voting
      Agreement.
      The
      Seller and Purchaser acknowledge that, following the Closing, they will not
      own
      and equal number of the Company’s shares. Nevertheless, the parties hereto agree
      that it is their intention at all times to exercise their rights as
      shareholders, and to vote their shares, in a manner as if each of them owned
      50%
      of the issued and outstanding shares to the Company. Accordingly, promptly
      following the execution of this Agreement, the parties hereto shall commence
      negotiating and preparing a shareholders/voting agreement pursuant to which
      the
      Seller and the Purchaser shall agree (i) to vote all of their Company shares
      in
      a manner that the Company’s Board of Directors and Board of Commissioners shall
      consist of an even number of persons, one half of which shall be designated
      by
      each of the Seller and the Purchaser, and (ii) that they will not vote in favor
      of a Fundamental Change unless they jointly agree to the Fundamental Change.
      A
“Fundamental Change” means the occurrence of a transaction or series of related
      transactions the results in (i) the sale, lease or other disposition of all
      or
      substantially all of the Company’s assets, (ii) the liquidation or dissolution
      of the Company, (iii) the merger or consolidation of the Company with a third
      party, (iv) a reclassification of the Company’s capital, or (v) the initiation
      of bankruptcy proceedings by the Company.

     

    7.2 Purchase
      of BULOG Shares.
      The
      Seller agrees to complete its purchase of the 8,200 shares of the Company’s
      stock from BULOG by no later than the Closing.

     

    7.3 Post-Closing
      Proceedings.
      The
      Seller agrees to cause the Company to promptly and efficiently take any and
      all
      action after the Closing that may be required to be completed in connection
      with
      the sale by the Seller of the Company Shares to the Purchaser, including without
      limitation the notarization of documents, the filing of all instruments and
      deeds with the appropriate Indonesian governmental agencies, and the recordation
      of the transfer of the Company Shares in the Company’s corporate records. The
      Purchaser is hereby authorized by the Seller, following the Closing, to give
      notification of the transfer of the Company Shares to the Board of Directors
      of
      the Company, and to cause the registration of the Company Shares in the Share
      Register of the Company in the name of the Purchaser. For the purpose hereof,
      the Sellers irrevocably authorize the Purchaser- with right of substitution,
      after the Closing to act on behalf of and in the name of the Seller to appear
      whenever and wherever necessary, to sign any and all instruments, deeds and
      documents required and to perform all matters considered proper and beneficial
      for the registration of the Company Shares in the Purchaser's name, without
      exception. This power of attorney as stated above constitute an important and
      inseparable part of this Agreement, without which this Agreement would not
      have
      been consummated, and accordingly this power of attorney shall not be held
      void
      or cancelled for any reason whatsoever, including but not limited to the reasons
      set forth in Articles 1813, 1814 and 1816 of the Indonesian Civil
      Code.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    7.4 Sale
      of 3,050 Shares to the Purchaser.
      The
      Seller hereby agrees to take all action necessary or appropriate on its part,
      and as reasonably requested by Purchaser’s counsel, and agrees to cooperate with
      the Company and its counsel, in order to complete as promptly as possible after
      the Closing the subscription by the Purchaser of 3,050 shares of the Company’s
      shares from the Company at the value of U.S. $2,500,000. The Seller hereby
      agrees to use its best efforts to cause the Company to prepare and file all
      applications with the BKPM, and the Indonesian Ministry of Law & Human
      Rights, and to take all such other action as may be necessary to complete the
      subscription by the Purchaser of such additional 3,050 shares of the
      Company.

     

    7.5
      Payment
      of the Company’s Pre-Closing Taxes.
      The
      parties hereto acknowledge that the Company may owe taxes to one or more
      governmental agencies in Indonesia relating to its activities prior to the
      Closing, which unpaid taxes may be payable before or after the Closing (all
      unpaid taxes and governmental levies assessed for all periods prior to the
      Closing, including any penalties related thereto, are herein referred to as
      the
“Pre-Closing Taxes”). The Seller hereby agrees that it shall reimburse the
      Company for all Pre-Closing Taxes assessed against the Company that the Company
      is required to pay, and does pay. The Seller agrees that it will reimburse
      the
      Company in full for all Pre-Closing taxes that it pays within 30 calendar days
      after its receipt of documents evidencing the assessment and payment of an
      Pre-Closing Taxes.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      VIII

    MISCELLANEOUS

     

    8.1
      Survival
      of Representations, Warranties and Agreements.
      All
      representations and warranties made by a party to this Agreement or in any
      document or certificate delivered pursuant hereto shall survive the Closing
      for
      two years; provided, that the provisions of Sections 4.8, 4.10, and 4,12 shall
      survive until the expiration of all applicable statutes of limitation with
      regard to matters arising thereunder . Each of the parties hereto is executing
      and carrying out the provisions of this Agreement in reliance upon the
      representations, warranties and covenants and agreements contained in this
      Agreement or at the closing of the transactions herein provided for and not
      upon
      any investigation which it might have made or any representations, warranty,
      agreement, promise or information, written or oral, made by the other party
      or
      any other person other than as specifically set forth herein. All covenants
      and
      obligations contained in this Agreement shall survive the Closing until all
      obligations with respect thereto have been performed or until they have expired
      in accordance with their respective terms. 

     

    8.2
      Further
      Assurances.
      If, at
      any time after the Closing, the parties shall consider or be advised that any
      further deeds, assignments or assurances in law or any other things are
      necessary, desirable or proper to complete the transactions contemplated herein
      or to vest, perfect or confirm, of record or otherwise, the title to any
      property or rights of the parties hereto, the parties agree that their proper
      officers and directors shall execute and deliver all such proper deeds,
      assignments and assurances in law and do all things necessary, desirable or
      proper to vest, perfect or confirm title to such property or rights and
      otherwise to carry out the purpose of this Agreement, and that the proper
      officers and directors of the parties are fully authorized to take any and
      all
      such action.

     

    8.3 Notice.
      All
      communications, notices, requests, consents or demands given or required under
      this Agreement shall be in writing and shall be deemed to have been duly given
      when delivered to, or received by prepaid registered or certified mail or
      recognized overnight courier addressed to, or upon receipt of a facsimile sent
      to, the party for whom intended, as follows, or to such other address or
      facsimile number as may be furnished by such party by notice in the manner
      provided herein: 

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    If
      to the
      Purchaser:

    

    c/o
      NutraCea 

    5090
      North 40th
      Street,
      Suite 400

    Phoenix,
      AZ 85018

    Attn:
      Brad Edson

    

    With
      a
      copy to:

    

    Weintraub
      Genshlea Chediak Law Corporation

    400
      Capitol Mall, Suite 1100

    Sacramento,
      CA 95818

    Attn:
      Chris Chediak

    

    If
      to
      Licensee:

    

    Fortune
      Finance Overseas Ltd.

    53
      Cairnhill Road, 

    Cairnhill
      Plaza #12-01, 

    Singapore
      229664

    Attn:_____________

    

    With
      copy
      to:

     

    Troy
      & Gould

    1801
      Century Park East, 26th Floor

    Los
      Angeles, California 90067

    Attn:
      Istvan Benko

    

    8.4
      Successors
      and Assigns.
      This
      Agreement shall be binding upon, enforceable against and inure to the benefit
      of, the parties hereto and their respective heirs, administrators, executors,
      personal representatives, successors and assigns, and nothing herein is intended
      to confer any right, remedy or benefit upon any other person. This Agreement
      may
      not be assigned by any party hereto except with the prior written consent of
      the
      other parties, which consent shall not be unreasonably withheld.

     

    8.5
      Governing
      Law.
      This
      Agreement shall in all respects be governed by and construed in accordance
      with
      the laws of the State of California applicable to agreements made and fully
      to
      be performed in the state, without giving effect to any conflicts of law
      principles thereof

     

    8.6
      Counterparts.
      This
      Agreement may be executed in multiple counterparts, each of which shall be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument.

     

    8.7
      Construction.
      Headings contained in this Agreement are for convenience only and shall not
      be
      used in the interpretation of this Agreement. References herein to Articles,
      Sections and Exhibits are to the articles, sections and exhibits, respectively,
      of this Agreement. As used herein, the singular includes the plural, and the
      masculine, feminine and neuter gender each includes the others where the context
      so indicates.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    8.8
      Severability.
      If any
      provision of this Agreement is held to be invalid or unenforceable by a court
      of
      competent jurisdiction, this Agreement shall be interpreted and enforceable
      as
      if such provision were severed or limited, but only to the extent necessary
      to
      render such provision and this Agreement enforceable.

     

    8.9 Attorneys’
      Fees .
      If the
      services of an attorney are required by any party to secure the performance
      of
      this Agreement or otherwise upon the breach or default of another party to
      this
      Agreement, or if any judicial remedy or arbitration is necessary to enforce
      or
      interpret any provision of this Agreement or the rights and duties of any person
      in relation thereto, the prevailing party shall be entitled to reasonable
      attorneys’ fees, costs and other expenses, in addition to any other relief to
      which such party may be entitled. 

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, each of the parties hereto has executed this Agreement as
      of
      the date first set forth above.

     

    
      	 	SELLER: 
	 	 	 
	 	FORTUNE FINANCE OVERSEAS
              LTD.
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

            

      	 	 
	 	PURCHASER:
              
	 	 	 
	 	NUTRACEA
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    Schedules

     

    The
      following are the schedules to the representations and warranties of
Fortune
      Finance Overseas Ltd.
      (the
      "Seller") set forth in Article IV of the Stock Purchase Agreement dated as
      of
      January 28, 2008 (the "Agreement") to which this Schedule is attached. All
      capitalized terms used and not otherwise defined herein shall have the meanings
      given them in the Agreement. Nothing in this Schedule of Exceptions constitutes
      an admission of any liability or obligation of the Seller or the Company to
      any
      party, nor an admission against the Seller’s or the Company's
      interests.

     

    4.8 Capitalization.
      

     

    A. The
      Purchaser has agreed to purchase 3,050 shares from the Company for US $2,500,000
      following the Closing as soon as the Company’s Articles of Association are
      amended to increase the Company’s authorized capitalization and the requisite
      approval of the Ministry of Justice is received.

     

    B. The
      Seller has agreed to purchase from BULOG all 8,200 shares currently by BULOG,
      which transaction is expected to be completed shortly after the
      Closing.

     

    C. The
      Purchaser and the Seller intend to enter into a shareholder/voting agreement
      following the Closing.

     

    4.9 Title
      to Assets.

     

    
      
        
        

      

      
        17EXHIBIT
      10.26

     

    [*Designates
      portions of this document have been omitted pursuant to a request for
      confidential treatment filed separately with the
      Commission]

    

    WHEAT
      BRAN STABILIZATION 

    EQUIPMENT
      LEASE

    

    This
      Wheat Bran Stabilization Equipment Lease (“Lease”)
      is made
      and entered into as of January 24, 2008 between PT
      Panganmas Inti
      Nusantara,
      an
      Indonesian company (“PIN”),
      and
      NutraCea, a California corporation (“NutraCea”)
      on the
      following terms and conditions:

    

    RECITALS

     

    A. NutraCea
      is currently completing the development of certain technology and related
      equipment for the stabilization of wheat bran to increase the effective yield
      of
      wheat flour produced from the wheat flour milling process. 

    

    B. PIN
      is
      currently developing a wheat flour mill (the “Facility”)
      to be
      located at Kuala Tanjung, Medan, North Sumatra, Indonesia (the “Location”).
      

    

    C. It
      is the
      intention of both NutraCea and PIN that NutraCea lease to PIN and PIN lease
      from
      NutraCea wheat stabilization equipment developed by NutraCea for use at PIN’s
      Facility at the Location if the equipment is satisfactory to PIN.

    

    D. The
      shareholders of PIN consist of an affiliate of NutraCea and Fortune Finance
      Overseas Ltd.

     

    AGREEMENT

    

    1. Lease
      of Equipment; Location; Installation.
      

    

    1.1 Commercial
      Viability; Lease Election.
      NutraCea agrees to provide to PIN all such information that PIN shall reasonably
      request during the development and testing of the Equipment regarding the
      performance, operation and production capabilities of the Equipment. At any
      time
      prior to the shipment of the Equipment for installation at the Facility
      (“Effective
      Date”,
      PIN
      shall elect whether or not to lease the Equipment. PIN may elect not to lease
      the Equipment for any reason in its sole discretion. If PIN elects not to lease
      the Equipment, this Lease shall terminate at such time as NutraCea is notified
      of the election not to lease. NutraCea agrees that PIN shall not be obligated
      to
      lease the Equipment if Fortune Finance Overseas Ltd., or any director of PIN
      appointed by Fortune Finance Overseas Ltd., objects to the use of the Equipment
      at the Facility. In the event that PIN accepts the Equipment, the provisions
      of
      this Lease shall apply to the Equipment.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    1.2 Lease. In
      the
      event that PIN accepts the Equipment, on the Effective Date, NutraCea hereby
      leases to PIN and PIN hereby leases from NutraCea the Equipment specified in
      Section 2 on the terms and conditions set forth herein. The Equipment shall
      be
      installed, maintained, and operated by NutraCea at the Location, and may not
      be
      moved or modified by PIN or by NutraCea from the Location. All costs and
      expenses related to the installation, maintenance, and operation of the
      Equipment at the Facility shall be borne by PIN. 

    

    1.3 Installation.
      The
      Equipment will be installed at the Facility such time as (i) NutraCea has
      completed the development of the Equipment and the related technology, and
      (ii)
      the construction of the Facility has been sufficiently completed to accommodate
      the installation of the Equipment. 

    

    2. Equipment;
      No Transfer of Ownership.
      

    

    2.1. Equipment.
      The
“Equipment”
subject
      to this Lease consists of the equipment, including various components thereof,
      being developed by Nutracea and required for producing stabilized wheat bran
      (“SWB”)
      and
      for increasing the yield of wheat flour produced by the milling process. A
      list
      of the Equipment to be leased as of the Effective Date (as defined in Section
      3)
      shall be listed on Exhibit A
      attached
      hereto. With the written consent of PIN, in order to improve the performance
      or
      reliability of the Equipment, NutraCea may, from time to time, and at the
      expense of PIN, replace one or more components of the equipment listed on
      Exhibit A, or may supplement the equipment listed on Exhibit A with additional
      components or machinery. All new equipment hereafter installed to improve the
      Equipment or the operation of PIN’s wheat stabilization operations at the
      Facility shall also be leased to PIN and shall after such installation become
      “Equipment” for the purposes of this Lease. Exhibit A shall be amended from time
      to time to reflect any additions or deletions of equipment under this Section
      2.

    

    2.2. Ownership.
      PIN
      acknowledges and agrees that NutraCea will retain legal title in and to the
      Equipment and all proprietary rights and intellectual property manifested or
      disclosed therein and shall control access to and use of the Equipment, and
      that, except for its rights under this Lease, PIN will have no right, title
      or
      interest in or to the Equipment or the proprietary rights and intellectual
      property manifested or disclosed therein. 

    

    3. Term.
      The
      term of this Lease shall be for [*] commencing on the Effective Date. In the
      event that at the end of the foregoing [*] term (i) the Facility is fully
      operational, and (ii) the Equipment is still located at the Facility and is
      still being used in the operations of the Facility, the [*] term of this Lease
      shall automatically be extended for an additional [*] term. The term of this
      Lease may be extended with the mutual agreement of the parties. 

    

    4. Rent.
      

    

    4.1. Single
      Payment.
      PIN
      hereby agrees that the rental payment of the Equipment listed on Exhibit A
      for
      the full [*] term of this Lease shall be the actual cost incurred by NutraCea
      for manufacturing the Equipment and for installing the Equipment at the Facility
      (the “Rent”).
      The
      entire amount of the Rent shall be payable [*], due and payable within [*]
      following the Effective Date. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    4.2. Additional
      Equipment.
      Any
      additional Equipment leased under Section 2.1 after the Equipment has been
      installed shall also be leased for a [*] lease payment equal to NutraCea’s [*].
      Any such additional rental payment shall be payable within [*] after the
      installation of the new equipment. 

    

    4.2. U.S.
      Dollars.
      All
      payments under this Lease shall be paid in U.S. Dollars to NutraCea at
      NutraCea’s address set forth below or at such other address as NutraCea may
      designate.

    

    5. Net
      Lease.
      This
      Lease shall be a “net lease,” it being understood that NutraCea shall receive
      the Rent free and clear of any taxes, liens, charges or expenses of any nature
      whatsoever in connection with the ownership, maintenance, and operation of
      the
      Equipment pursuant hereto. In addition to the Rent payable pursuant hereto,
      PIN
      shall pay all insurance premiums, operating charges, and any other charges,
      costs and expenses that may arise during the term of this Lease arising from
      the
      operation of the Equipment at the Facility. Upon any failure of PIN to pay
      any
      of the foregoing taxes and other expenses that materially and adversely affects
      NutraCea’s (i) title to the Equipment (including without limitation NutraCea’s
      ownership or protection of its proprietary rights or intellectual property
      rights), or (ii) ability to have such Equipment returned to NutraCea in
      accordance with this Lease, NutraCea shall have the same rights and remedies
      as
      otherwise provided in this Lease for the failure of PIN to pay Rent. The
      foregoing shall not limit any other rights of NutraCea hereunder, including
      without limitation the rights of NutraCea under Sections 11 and 12.

    

    6. Equipment
      Installation and Maintenance.
      

    

    6.1. Installation.
      NutraCea shall properly install, [*], the Equipment at the Facility being
      developed and constructed by PIN in Kuala Tanjung, Medan, North Sumatra,
      Indonesia (the “Location”).
      PIN
shall
      provide sufficient space and access to NutraCea personnel as necessary or useful
      for the proper installation of the Equipment at the Location.
      PIN
      shall
      arrange, at PIN’s expense and with the reasonable cooperation of NutraCea, make
      such utilities available at the Location to enable the Equipment to be installed
      adjacent to the Facility and to thereafter to be operated in accordance with
      the
      specifications of the Equipment. PIN agrees to take all action necessary to
      provide NutraCea and its agents with unrestricted access to the Facility, the
      Location and the Equipment for the purpose of installing, maintaining, and
      operating the Equipment (including any additions to the Equipment subsequently
      installed under Section 2.1).

    

    6.2. Maintenance
      and Repairs.
      The
      parties hereto agree and acknowledge that the failure of the Equipment to
      operate in the manner represented in Exhibit A will materially and adversely
      affect PIN’s operations. Accordingly, NutraCea agrees to service and maintain
      the Equipment on an ongoing basis in a manner that will enable the Equipment
      to
      operate at the maximum capacity specified on Exhibit A during the term of this
      Agreement. In order to maintain and repair the Equipment, the parties hereby
      agree as follows:

    

    (a) NutraCea
      further agrees that it will initiate repairs of the Equipment within [*] after
      receiving notification from PIN of a need to repair the Equipment or to correct
      any deficiencies in the operation of the Equipment. NutraCea agrees to use
      its
      commercially reasonable and good faith efforts to promptly make any required
      repairs. 

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    (b) In
      order
      to enable the Equipment to be maintained and promptly repaired, NutraCea agrees
      to either provide [*] at the Location who is trained to operate, maintain or
      repair the Equipment, or, at PIN’s election, to train one or more of PIN’s
      employees in the proper maintenance and repair of the Equipment. The cost of
      the
      foregoing maintenance employees shall be borne by [*]. 

    

    (c) PIN
      agrees to provide NutraCea’s employees with reasonable access to the Equipment
      during all business hours and will provide any other
      assistance reasonably required by NutraCea to provide such maintenance and
      repair services. PIN
      further
      agrees to use its best efforts to ensure that the
      Equipment will not be accessible by any persons not specifically authorized
      by
      Nutracea without the express prior consent of NutraCea. 

    

    (d) NutraCea
      or its agents may, from time to time, make reasonable modifications and/or
      improvements to the Equipment in order to improve the efficiency or
      cost-effectiveness of cleaning, sanitizing, operating, maintaining or repairing
      the Equipment. NutraCea, or at its sole election, PIN, will provide the
personnel
      to properly clean and operate the Equipment. 

    

    (e) In
      order
      to enable the Equipment and the Location to be maintained and repaired, PIN
      shall keep all such spare parts as Nutracea reasonably requests at a secure
      place at the Location. In addition, PIN shall promptly replace all spare parts
      that are used for repairs.

    

    (f) NutraCea
      agrees that it will provide all of the foregoing services at a price to PIN
      [*].
      In addition, all spare parts necessary to repair or maintain the Equipment
      shall
      be purchased or produced by [*]; PIN will be billed for all such spare parts
      at
      the amount [*] for such parts, or at [*], if applicable.

    

    7. No
      Use
      of other Stabilization Equipment or Technologies.
      As of
      the Effective Date, PIN agrees not to use any other wheat bran stabilization
      technologies or equipment for the purposes of producing SWB other than the
      Equipment. PIN agrees from and after such date that all SWB produced at the
      Location by PIN shall be produced with the Equipment.

    

    8. Taxes.
      PIN
      shall pay any taxes, assessments, fees, and charges arising or related to the
      presence, use, or operation of the Equipment at the Location, whether assessed
      against NutraCea or PIN, during the term of this Lease.

    

    9. Possession.
      PIN
      assumes full responsibility for the safekeeping of the Equipment and access
      to
      the Equipment during the term. PIN shall not misuse, sublet, transfer, or
      otherwise dispose of the Equipment or any portion thereof.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    10. [*].

    

    11. Indemnity
      and Insurance.

    

    11.1. Indemnity.
      PIN
      shall defend, indemnify and save NutraCea harmless from any and all claims
      brought by or on behalf of any third party relating to PIN’s use of the
      Equipment, including but not limited to strict product liability and negligent
      acts or omissions of PIN or any of its agents. Notwithstanding the foregoing,
      PIN will not be required to indemnify and hold NutraCea harmless for any claims
      made against NutraCea relating to the ownership of the Equipment, claims
      alleging infringement of the Equipment on such third party’s rights, or claims
      arising primarily from any improper acts by NutraCea or its agents. NutraCea
      shall indemnify and save PIN harmless from any and all third party claims made
      against PIN (i) relating to the ownership of, or title to, the Equipment, or
      (ii) alleging infringement of the Equipment on such third party’s rights,
except
      (iii) to
      the extent arising primarily from any improper acts by PIN that are not acts
      of
      NutraCea or its employees.

    

    11.2. Insurance.
      PIN
      shall keep the Equipment and PIN’s operations insured as reasonably appropriate
      by an insurance company or companies authorized to do business in the Location.
      If PIN shall fail to procure and maintain such insurance, NutraCea may, but
      shall not be required to, procure and maintain the same at PIN’s expense.

    

    12. Confidentiality.

     

    12.1. Definition.
      “Confidential
      Information”
means
      any information or compilation of information which is disclosed by one party
      hereto (“Disclosing
      Party”)
      to
      another party (“Receiving
      Party”)
      hereunder, which is proprietary to the Disclosing Party and which relates to
      technical specifications of the Equipment, the design, functionality and
      operations of the Equipment, trade secrets and information contained in or
      relating to product designs, manufacturing methods, processes, techniques,
      tooling, and maintenance procedures. Information shall be treated as
      Confidential Information irrespective of its source and all information which
      the Disclosing Party identifies as being “confidential” or “trade secret” shall
      be presumed to be Confidential Information. Notwithstanding the above, the
      term
      Confidential Information shall not include information:

    

    (a) which
      was
      in the public domain at the time of disclosure by the Disclosing Party to the
      Receiving Party;

    

    (b) which
      is
      published or otherwise comes into the public domain after its disclosure to
      the
      Receiving Party through no violation of this Lease, by the Receiving
      Party;

    

    (c) which
      is
      disclosed to the Receiving Party by a third party not under an obligation of
      confidence;

    

    (d) which
      is
      already known by the Receiving Party at the time of its disclosure to the
      Receiving Party by the Disclosing Party as evidenced by written documentation
      of
      the Receiving Party existing prior to such disclosure;

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    (e) which
      is
      independently developed by the Receiving Party through persons who have not
      had,
      either directly or indirectly, access to or knowledge of the Confidential
      Information of the Disclosing Party, as evidenced by written documentation
      of
      the Receiving Party; or

    

    (f) which
      is
      required to be disclosed by any law or governmental regulation or produced
      under
      order of a court of competent jurisdiction; provided, however, that the
      Receiving Party provide the Disclosing Party written notice of such request
      or
      order and Disclosing Party is provided with an opportunity to attempt to limit
      such disclosure.

    

    12.2. Nondisclosure.
      During
      the term of this Lease and at all times thereafter, the Receiving Party agrees
      to hold in strictest confidence and to never disclose, furnish, communicate,
      make accessible to any person or use in any way for the Receiving Party’s own or
      another’s benefit any Confidential Information or permit the same to be used in
      competition with the Disclosing Party. The Receiving Party agrees to use prudent
      and reasonable means to protect the Confidential Information. 

     

    12.3. Injunctive
      Relief.
      In the
      event of any breach of this Section 12, the parties agree that the non-breaching
      party will suffer irreparable harm for which money damages would be an
      inadequate remedy. Accordingly, the non-breaching party shall be entitled to
      seek injunctive relief, in addition to any other available remedies at law
      or in
      equity.

    

    13. Default;
      Effect of Termination.
      

    

    13.1. Default.
      Upon an
      Event of Default, this Lease shall terminate and all rights of PIN to the
      Equipment shall immediately terminate. Upon an Event Default NutraCea shall
      be
      entitled to all remedies provided by law including the right to take possession
      of the Equipment, to retain all Rent previously paid, and to convey or lease
      the
      Equipment or portions thereof for such periods, at such rentals, and to such
      persons as NutraCea shall elect, and to recover from PIN all damages and other
      recovery permitted under applicable law. An “Event
      of Default”
shall
      mean, and be limited to, any of the following events: 

    

    (a) The
      failure of PIN to pay the Rent within 30 days following the Effective Date;
      

    

    (b) A
      default
      by PIN in the performance of any of the material terms and conditions of this
      Lease that either is not capable
      of being cured or is not cured within 30 days after notice thereof is provided
      in writing to PIN, and
      if such
      a default either materially and adversely affects NutraCea’s (x) legal title to
      the Equipment, (y) proprietary rights or intellectual property rights, or (z)
      ability to repossess the Equipment upon the expiration of this Lease. Except
      as
      set forth above, any other breach of this Lease shall not result in the return
      of the Equipment to NutraCea or the termination of this Lease, and shall only
      entitle NutraCea to seek monetary damages or injunctive relief.
      

    

    13.2 Effect
      of Termination. Upon
      expiration of the [*] or the termination of this Lease following and Event
      of
      Default, PIN will return to NutraCea, and/or will provide evidence satisfactory
      to NutraCea of the destruction of all information or records evidencing or
      embodying any confidential information or intellectual proprietary rights of
      NutraCea, or with respect to the Equipment, and all copies, extracts, summaries
      and abstracts thereof, and thereafter will not use or disclose any such
      information or records for its own benefit or to the detriment of
      NutraCea.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    13.3. Removal
      of Equipment; Equipment Recapture Payment. Upon
      expiration of the Lease term or the termination of this Lease following an
      Event
      of Default, NutraCea may, [*], remove the Equipment from the Location, and
      shall
      repair any material damage to such premises as a result of such removal. In
      addition, if the Equipment is removed during the [*] following the Effective
      Date, upon the removal of the Equipment from the Facility by NutraCea, NutraCea
      shall pay PIN an amount equal to (i) [*]. NutraCea shall not have to pay any
      amounts to PIN for the Equipment after the [*] of the Effective Date. The term
      “Equipment Cost” means the sum of the Rent plus all up-front lease payments PIN
      has paid under Section 4 for additional equipment installed at the
      Location.

    

    13.4. Survival
      of Covenants. The
      obligations of the parties under Sections 8, 9, 11, 12 and 13 shall survive
      any
      expiration or termination of the Lease.

    

    14. Miscellaneous.

    

    14.1. Assignment.
      Subject
      to the limitations set forth in Section 14, this Lease may be assigned only
      with
      the prior written consent of NutraCea. 

     

    14.2. Notices.
      All
      notices required hereunder shall be sent by certified mail return receipt
      requested, express courier with a nationally recognized courier service or
      by
      telex confirmed by such certified mail, to the party to be notified at its
      following address or at such other address as shall have been specified in
      written notice from the party to be notified.

    

    
      	 	 	
              If
                to NutraCea:

            

    

    

    NutraCea
      

    5090
      North 40th
      Street,
      Suite 400

    Phoenix,
      AZ 85018

    Attn:
      Brad Edson

    

    With
      a
      copy to:

    

    Weintraub
      Genshlea Chediak Law Corporation

    400
      Capitol Mall, Suite 1100

    Sacramento,
      CA 95818

    Attn:
      Chris Chediak

    

    If
      to
      PIN:

    

    PT
      Panganmas Inti Nusantara

    53
      Cairnhill Road, 

    Cairnhill
      Plaza #12-01, 

    Singapore
      229664

    Attn:
      _____________

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    With
      a
      copy to: 

    

    TroyGould

    1801
      Century Park East, 26th Floor

    Los
      Angeles, California 90067

    Attn:
      Istvan Benko

     

    14.3. Entire
      Agreement.
      The
      foregoing (including the exhibits referenced herein) is the parties’ entire
      agreement, superseding all prior oral or written agreements and understandings
      with respect to the subject matter hereof. The terms set forth herein shall
      be
      severable and the failure of any distinct part will not void the
      remainder.

    

    14.4. Modification
      and Amendment.
      This
      Lease may be modified or amended only in writing and signed by both parties.
      

    

    14.5. Survival.
      The
      provisions of this Lease that by their terms or context are intended to survive
      termination of this Lease, shall so survive the termination of this
      Lease.

    

    14.6. Governing
      Law.
      The
      parties agree that this Lease shall be governed by the laws of the State of
      California. PIN and NutraCea expressly agree that any action at law or in equity
      arising under this Lease shall be filed only in the Courts of the State of
      California in a county of competent jurisdiction or the United States District
      Court in a California district of competent jurisdiction. The parties hereby
      consent and submit to the personal jurisdiction of such courts for the purposes
      of litigating any such action.

    

    14.7. Recovery
      of Legal Fees and Costs.
      In the
      event any litigation is brought by either party in connection with this Lease,
      the prevailing party in such litigation shall be entitled to recover from the
      other party all the costs, attorneys' fees and other expenses incurred by such
      prevailing party in the litigation.

    

    14.8. Counterparts.
      This
      Lease may be signed in one or more counterparts, each of which shall be deemed
      an original, but all of which together shall constitute one and the same
      Lease.

    

    14.9. Binding
      Agreement.
      This
      Lease shall be binding upon and inure to the benefit of each of the parties
      hereto, and their respective legal successors and assigns. 

    

    14.10. Waiver.
      Performance of any obligation required of a party hereunder may be waived only
      by a written waiver signed by the other party, which waiver shall be effective
      only with respect to the specific obligation described therein. The acceptance
      of rent hereunder by NutraCea shall not be a waiver of any preceding breach
      by
      PIN that is not fully cured thereby. 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    14.11. Severability.
      If one
      or more provisions of this Lease are held to be unenforceable under applicable
      law, such provision shall be excluded from this Lease and the balance of the
      Lease shall be interpreted as if such provision were so excluded and shall
      be
      enforceable in accordance with its terms.

     

    14.12. Publicity.
      Neither
      party shall the terms of this Lease or make any public announcement regarding
      this Lease or the subject matter contained herein without the prior written
      consent of the other party, except as may be required by applicable law, in
      which event, the disclosing party shall endeavor to give the non-disclosing
      party prompt notice in order to allow the non-disclosing party the opportunity
      to seek a protective order.
      Notwithstanding
      any of the foregoing to the contrary, the terms and conditions of this Lease
      may
      be disclosed by a party to bona fide potential investors, acquirors or partners
      of such party in the course of such person’s due diligence investigation of such
      party, where such person has entered into a written non-disclosure agreement
      with such party that includes terms no less restrictive than those included
      herein.

     

    14.13. No
      Joint Venture or Partnership; No Reference to Agreement or
      Relationship.
      Nothing
      in this Lease shall be construed to create a partnership or joint venture of
      any
      kind or for any purpose between the parties hereto, or to constitute either
      party a special or general agent of the other, and neither party will act or
      represent otherwise to any third party. Neither party shall refer to this Lease,
      to the other party or the relationship between the parties in any communication
      with any third party without the prior written consent of the other
      party.

    

    14.14. Disclaimer
      of Warranties.
      NOTWITHSTANDING
      ANYTHING CONTAINED IN THIS LEASE, NEITHER PARTY MAKES ANY REPRESENTATIONS OR
      WARRANTIES OF ANY KIND TO THE OTHER, WHETHER EXPRESS OR IMPLIED (INCLUDING
      WITHOUT LIMITATION ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A
      PARTICULAR PURPOSE), WITH RESPECT TO ANY ITEMS OR EQUIPMENT LEASED UNDER THIS
      LEASE,
      EXCEPT
      AS EXPRESSLY PROVIDED HEREIN.

    

    14.15. Limitation
      of Liability.
      Notwithstanding anything contained in this Lease, neither party shall be liable
      to the other, whether in tort, in contract or otherwise, and whether directly
      or
      by way of indemnification, contribution or otherwise, for any incidental,
      consequential, punitive or exemplary damages, (including without limitation
      lost
      profits or revenues or injury to business or business reputation), whether
      of
      the other party or of any third party, relating to or arising out of the subject
      matter of this Lease.

     

    [SIGNATURE
      PAGE TO FOLLOW]

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    The
      authorized representatives of the parties have executed this Lease as of the
      date first set forth above.

     

    
      	 	 	 	 
	NutraCea:	 	 	PT Panganmas Inti
              Nusantara:
	 	 	 	 
	By:	 	 	By:
	
              
                

              

            	 	 	
              
                

              

            
	Title:	 	 	Title:
	
              
                
 

            	 	 	
              
                
 

            

    

    

    [SIGNATURE
      PAGE TO EQUIPMENT LEASE]

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    Equipment
      Description

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    Exhibit
      B

    

    Location

    

    
      
        
        

      

      
        12

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