Document:

Exhibit
10.4

    

     

    

     

    Financial
Leasing Contract

     

    Contract
Number:  C1351HZ0911100087

     

    Lessor:CMB Financial Leasing
Co., Ltd.

     

    
      Lessee: Henan Zhongpin Food
Share Co., Ltd.

    

     

    
      
         

      

      
        Ex 10.4 -
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                        融资租赁合同(回租)

                      

              

            

          

        

      

    

     

    Table
of Contents

     

    
      
        
          	
                  Article
      One Definitions

                	
                  3

                
	
                  Article
      Two Statement and guarantee

                	
                  4

                
	
                  Article
      Three Nature of Transaction and leased equipment

                	
                  5

                
	
                  Article
      Four The acquisition of leased equipment

                	
                  5

                
	
                  Article
      Five Delivery, quality defects and claims of leased
    equipment

                	
                  6

                
	
                  Article
      Six Lease term, lease payment, commission charge, security deposit and
      other expenses

                	
                  6

                
	
                  Article
      Seven The ownership and Exercise Right

                	
                  8

                
	
                  Article
      Eight The use, care and maintenance of leased equipment

                	
                  9

                
	
                  Article
      Nine The damage or destruction risk of the leased facility and
      post-treatment

                	
                  9

                
	
                  Article
      Ten Insurance

                	
                  10

                
	
                  Article
      Eleven Guarantee

                	
                  11

                
	
                  Article
      Twelve Disposal of leased equipment after expiration of the lease
      term

                	
                  11

                
	
                  Article
      Thirteen The disposition under special circumstances

                	
                  11

                
	
                  Article
      Fourteen Notification and assistance

                	
                  12

                
	
                  Article
      Fifteen Liability for breach of contract

                	
                  12

                
	
                  Article
      Sixteen Remedies for Breach of Contract

                	
                  14

                
	
                  Article
      Seventeen Confidential item

                	
                  15

                
	
                  Article
      Eighteen The validation, alteration, supplement of the contract and
      transfer of contractual rights

                	
                  15

                
	
                  Article
      Nineteen Governing Law and Disputes Resolution

                	
                  15

                
	
                  Article
      Twenty Appendixes to contract

                	
                  15

                
	
                  Article
      Twenty-one Supplementary provisions

                	
                  16

                

        

      

    

     

    
      
         

      

      
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    Financial
leasing agreement

     

    Party A: CMB Financial Leasing
Co., Ltd.

    Address:
Suite 9F, Standard Chartered Bank Building, 201

    Century
Ave, Pudong New District, Shanghai City

    Legal
Representative: Guanghua Zhang

    Postcode:200120

    Contact: Xiangqian
Tong

    Tel:
021-6105
9999

    Fax:
021-6105
9922

     

    Party B: Henan Zhongpin Food
Share Co., Ltd.

    Address:21
Changge Road, Changge City, Henan Province

    Legal
Representative:Zhu
Xianfu

    Postcode:461500

    Contact:Haobin
Li

    Tel:0374-6219786

    Fax:0374-6219962

     

    Under the
principle of equality, freewill, integrity, mutual benefit and common
development, and by friendly consultations, Party A and Party B agree to reach
the following agreement (hereinafter “agreement” or “contract” for short) to
comply with by both, according to contract law and other related laws and
regulations in China:

     

    Article
One Definitions

     

    In the
agreement, unless there are other prescriptions in context:

     

    1.1      Commence
date: During the implementation process of this contract, the time a lessor
start to record rents payment by a lessee.

     

    1.2      commission
charge: The service charge that a lessee pays to a lessor for the Finance
leasing service they provide in prior period.

     

    1.3      Expenses
(or costs): The expenses that a lessor or a lessee should be responsible for in
conducting the contract and the business under the agreement or the contract
security.

     

    
      
         

      

      
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    1.4      Claim:
During the process of contract implementation, for the actual loss made not by
their own fault, or resulted from the circumstances of that the opposing party
should take responsibility pursuant to law and regulations, one party can ask
the other for pecuniary compensation or other liabilities for breach
contract.

     

    1.5      Payment
date: refer to the time of each payment stated in Appendix Three of this
contract “rental payment table”, if the payment date is not a working day, then
the payment date should be brought forward to previous working day

     

    Article
Two Statement and guarantee

     

     

    2.1      The
statement and assurance by Party A

     

    2.1.1   Party
A, a non-bank financial institution established and existed complying with the
law of People’s Republic of China, has independent legal position and
qualification of dealing leaseback operation.

     

    2.1.2   Party
A guarantees that it is internal authorized corresponding to the subscription
and implementation of the contract.

     

    2.1.3   Once
the contract is signed, it turns into executable obligation that is legal,
effective and promissory for Party A.

     

    2.1.4   Party
A signing or conducting the agreement does not violate that Party A is regarded
as a Party or any contracts that has restrictions for Party A or its
properties.

     

    2.1.5   Party
A carefully read through the contract and all items of the contract attachments,
and wholly understood the meaning of each item and its implication that sealed
contract authentically express. As to the item of responsibility exemption or
restriction under the contract, Party A has reminded Party B to notice in a
reasonable way and explained it.

     

    2.1.6   Hereby
Party A pledges to Party B that all statements is correct and
no-misleading.

     

    2.2      The
statement and assurance by Party B

     

    2.2.1   Party
B is a company established and existed according to the law of People’s Republic
of China, has independent legal position and the capabilities of civil acts and
civil liabilities consistent with the business scope specified in its business
license.

     

    2.2.2   Party
B guarantees that the sealed contract has obtained corresponding internal
authority and permission of relative management department, and has gone through
all necessary procedures according to law.

     

    Party B
guarantees to provide Party A with all permission files related to subscription
and implementation of the agreement and takes the responsibility for its
authenticity, validity and integrity; Party B has the right to sign this
contract and attachments within, and other related contract or
documents.

     

    2.2.3   Party
B pledges to have informed litigation, arbitration, other judicatory or
administrative procedures that might affect the subscription and implementation
of the contract and its attachments to Party A.

     

    
      
         

      

      
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    2.2.4   Party
B assures when breach of contract by Party B occurs, Party A has the
qualification of ownership to enter the installation location and get back
leased equipment successfully.

     

    2.2.5   Party
B guarantees to compile and provide all financial accounting statements and
reports on time based on Party A’s requirements, including not limit to balance
sheet, profit table, cash flow statement and its annotations, and is responsible
for its authenticity, validity and integrity.

     

    2.2.6   Party
B pledges to provide enough disclosure of accounting statements to Party A.
There is nothing not included in the accounting report or its annotations that
might has an adverse impact on Party B’s financial situation or contingencies,
include but not limit to guarantee or lawsuit.

     

    2.2.7   Party
B read through all articles of the contract and attachments, and fully
comprehended its authentic meanings and connotations of various signed contract
files. Party B has certificated the items that exempt or limit Party A’s
liability provisions. Party A has adopted a reasonable manner to bring to Party
B’s attention and explained accordingly.

     

    2.2.8   Party
B promises that the use of the leased equipment is within the business scope of
Party B and will not violate any provision of laws and regulations, and projects
that related to the leased equipment conformed to the laws and regulations and
have obtained the approval of relevant administrative authorities.

     

    2.2.9   Party
B has complete ownership of the leased equipment when signing this contract,
Party B is entitled to transfer the leased equipment according to the
provisions of the contract, and transferred leased equipments are not
involved in any collateral and other security interests and other rights, there
is no possibility of claims by any third party at present or in the
future.

     

    2.2.10 Party
B acknowledges and agrees that even though there are clauses in any contract
signed by both parties that restrict or prohibit disclosure of any information
of party B, this contract and relevant appendix or leased subject-matter, this
will not affect the right of Party A to register in the finance lease
registration system of Credit Information Center of People's Bank of China after
signing this contract.

     

    Article
Three Nature of Transaction and leased equipment

     

    3.1      Party
A and Party B will conduct a leaseback according to this contract(or agreement).
Party A agrees to purchase Party B’s production facilities in No. 1-4 prepared
food production departments and in No. 1-6 cooling plants and cold storages, on
which Party B promise that they have the lawful property rights and those
equipments are without property flaw, and lease such equipments to Party B for
use. Party B agrees to hold a lease and pay rents to Party A based on the
agreement.

     

    3.2      The
details of the leased equipments are in Appendix One of this agreement:
leaseback equipment list. ‘Leased equipments’ appeared in this agreement refers
to equipments listed in Appendix One of this agreement: leaseback equipment
list.

     

    Article
Four The acquisition of leased equipment

     

    4.1      Party
B aims at leaseback for use and fund raising, taking the way of sales leaseback
to sale leased facility or equipment to Party A; on the basis of the above
purposes of Party B, Party A pays the transfer price to buy rented facility
which Party B sales to Party A.

     

    
      
         

      

      
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    4.2      Party
B needs to provide property right certificate, original invoices and other
documents which Party A think necessary to Party A to prove that the
leaseback asset belongs to Party B.

     

    4.3      Both
Party A and Party B conformably agree that Party B sales the leased equipments
in Appendix One to Party A with for RMBRMB 40,000,000.00 RMB.

     

    4.4      After
the signatures and seals of the agreement, Party A shall be responsible for the
fund to buy leased facility, while Party B shall be responsible to deliver
property document which stated that leased equipments are owned by Party B, and
make the insurance of leased equipment set forth in Article 10 of the contract.
Once Party B provides all documents required by Party A, and there is no changes
happen to the circumstances prescribed in those documents, those documents
remain in force, or B has made reasonable explanations to changes, Party A shall
pay the transfer price of the leased equipments set forth in Article 4.3 to
Party B.

     

    4.5      Party
B should be responsible for the taxes and all costs occurred owing to transfer
of the leased equipments under the contract.

     

    Article
Five Delivery, quality defects and claims of leased equipment

     

    5.1      On
the day when Party A pays the transfer price of leased equipments to Party B,
the leased equipment that Party B rented back from Party A, shall be deemed that
the equipments have delivered over from Party A (lessor) to Party B(lessee)
in its good condition, while the ownership of those equipment has been
transferred to Party A.  Party B should not raise any objection to the
leased equipment.

     

    5.2      Events,
including but not limited to, delay in delivery, quality defects, and that the
supplier does not fulfill the warranty obligations, occur to the leased
equipment Party B purchases first and then transfers to Party A, Party B shall
bring up a claim to supplier directly.

     

    Article
Six Lease term, lease payment, commission charge, security deposit and other
expenses

     

    6.1      The
lease period for this contract is three years started from the commence
date, the commence date is the day that Part A pays transfer price of
leased equipment to Party B. rental payment is an equal amount for each
term and paid after the term, referred to Appendix Two "rental payment
schedule."

     

    Lease
term is a fixed time range. Within this range, Party B should not pause, or
terminate the lease on the lease equipments.

     

    6.2      After
the determination of commence date, Party B should send to Party A
Appendix Three  “rental payment table”, “rental payment table”
added payment date for each payment upon the “rental payment schedule”. During
the validity term of the contract, Party B should pay rents to Party A strictly
according to sum, currency type, time and manner of payment stated in the
contract and Appendix Three “rents payment table”. If the rental payment date is
a public-holiday, then Party B shall pay the rent of current term
on previous working day. Party A shall provide invoice to Party B after
receiving the rent of current term from Party B.

     

    
      
         

      

      
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    The
obligation of Party B to pay rent and all other payables is unconditional,
without impact of any reason. Under this contract Party B shall pay all
payables in full amount to Party A, without any form of reduction and
deduction.

     

    6.3      The
renting interest rate under this agreement is 9% less than the benchmark loan
interest rate over the same period of People’s Bank of China. Within the leasing
period, if the benchmark loan interest rate adjusts, Party A owns the right
to adjust the leasing interest rate with accordant direction and same
proportion. When interest rate adjusted, Party A does not need to get consent of
Party B in advance, but should give notice to Party B in written form according
to Appendix Four "Rent Adjustment Notice". The rents for periods before the
date of interest rate adjustment as well as the rent for period involves
interest rate adjustment remains unchanged, then from the next leasing period,
the rental payment will be collected according to be the adjusted amount, Party
B has also agreed to pay the rent to Party A according to the amount, currency,
time, and manner of payment prescribed in "rent adjustment notice". "Rent
Adjustment Notice" is an integral part of this contract.

     

    As to the
unpaid rents by Party B, in case interest rate increases, the rate should be
adjusted according to new leasing interest rate. If interest rate falls down,
Part B should pay rents according to the original leasing interest
rate.

     

    6.4      Before
commerce date and within three working days, Party B should pay a lump sum of
irrevocable commissions of RMB 600,000.00 to Party A.

     

    6.5      Before
commerce date and within three working days, Party B should pay a lump sum of
leasing bail of RMB 3,200,000.00 to Party
A. During the process Party B implementing contract, if breach of contract
occurs, Party A owns the right to use leasing deposit to offset: (1) penalty,
(2) other expenses, (3) Unpaid rent. At the same time, Party B shall fill
deposit in time in accordance with the notification from Party A. If Party B
fails to make up for margin requirements, Party A has the right to use each
subsequent rent Party B pays in priority to make up margin. If there
is no breach of contract happened during contract implementation term, the
deposit will offset rents of last or last several periods.

     

    6.6      Party
B agrees to take the bank account opened in China Merchants Bank Zhengzhou West
Main Street Branch (referred to debit bank) as the designated account that
Party B receives payments from Party A at transfer price as Party A purchase the
asset and Party B pays rents to Party A. Fund in this account should be
given priority for rental payment and other payments under this
contract.

     

    Party B
designate the following bank account to be the appointed account that receives
payments from Party A at transfer price as Party A purchase the asset and Party
B pays rents. (Hereinafter referred to "Party B Account"):

     

    Issuing
bank: China Merchants Bank Zhengzhou West Main Street Branch

     

    Account
name: Henan Zhongpin Food Share Co., Ltd.

     

    Bank
account: 371902006910901

     

    Party B
should deposit rents sum of the period two days before rents payday. Party B
shall authorize issuing bank to transfer due rents from the appointed account
directly to Party A’s account on the date of payments.

     

    Party A
designate the following bank account to be the appointed account that receives
payments Party B pays to Party A. (Hereinafter referred to "Party A
Account"):

     

    
      
         

      

      
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    Issuing
bank: China Merchants Bank Shanghai Siping Branch

     

    Account
name: CMB Financial Leasing Co., Ltd.

     

    Bank
account: 121906597510606

     

    Prior
written notice shall be given to Party B within 30 working days in the event of
changes in bank account designated by Party A.

     

    Party A,
Party B and debit Bank will sign a "payment authorization agreement" as Appendix
Five of this contract.

     

    6.7      The
transfer date of the rent transferred from Party B’s Account is regarded as
Party B’s pay date.

     

    6.8      If
Party B pays rents, leasing commission, leasing bail and other account payable
in advance, it is treated as paid in payable date.

     

    Article
Seven The ownership and Exercise Right

     

    7.1      Within
the lease term, Party A is the only one who has the ownership towards leased
assets. And the Party A has the right to take approach on lease equipment in
ways that Party A deems appropriate to indicate that ownership of the leasing
equipment and rental relations, Party B has the obligation to maintain the
clearness and Completeness of marks of the leased equipments.

     

    7.2      Within
the term of the contract, Party B shall guarantee the ownership and disposition
right Party A has on leased equipment, should not have the following acts which
harm to the ownership and disposition right Party A has on leased
equipment:

     

    (1)      Modify
or move lease equipment out of storage locations without obtaining the written
consent from Party A;

     

    (2)      Sublease
or otherwise dispose leased equipment without obtaining the written consent from
Party A;

     

    (3)      Sold
or transfer leased equipment to a third party;

     

    (4)      Set
up mortgage, pledge, lien right or other rights on leased equipment for third
party;

     

    (5)      Use
leased equipment as an investment or cooperation conditions to establish a
company or other organization;

     

    (6)      Use
leased equipment as security for proceeding or compensation for
debt;

     

    (7)      Other
actions that harm the rights of Party B.

     

    7.3      Within
the lease term, If Party B does not breach the contract; Party B should
guarantee the quiet possession of the leased equipment by Party A within the
lease period.

     

    
      
         

      

      
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    Article
Eight The use, care and maintenance of leased equipment

     

    8.1      Party
B shall assume the obligation to maintain and repair the leased equipment to
keep in a good operational position, and bears the expenses.

     

    8.2      Party
B should legally, safely and appropriately use leased equipment within its
business scope in accordance with equipment’ design purposes, Operating manuals
and instructions, included but not limited to developing operation
specifications, equipped with professional operating personnel holding operating
certificates.

     

    8.3      Party
B should build maintenance relationship with manufacturers and service
providers, equip with professional maintenance organizations and personnel to
conduct routine maintenance, repair and care. Party B can not stop paying the
rent and other payments or terminate this contract for reason of occurrence of
dispute with manufacturers and service providers.

     

    8.4      During
the process of repair and maintenance to leased equipment by Party B, if the
major components of the leased equipment needs to be changed, Party B should
acquire a written approval from Party A, the replaced and added components,
devices and services on leased equipment due to repair and maintenance, should
not involve any third party rights; for repair and maintenance purpose, the
replaced and added components, devices and services on leased equipment,,
automatically become an integral part of the leased equipment, transferred to
Party A for free, the rent will not be adjusted thereby.

     

    8.5      Party
B should bear all costs and taxes that caused by the leased equipment itself and
its setting, storage, use, maintenance, repair and maintenance.

     

    8.6      Within
the lease term, the leased equipments result in personal injury or property
damage, Party B should be responsible for compensation, and Party A does not
bear any liabilities.

     

    8.7      Within
the lease term, as for any actions of Party B that might damage the leased
asset, Party A owns the right to holdback and asks Party B to take all necessary
remedies measure, Party B must take such measure.

     

    8.8      Within
the lease term, if leased facility is out of possession of Party B not due to
Party A’s fault, Party B should claim its right actively for return the
facility. Whole expenses occurred due to claim right should be covered by Party
B; And Party B should continually pay the rent and other payments in full amount
on time.

     

    8.9      Within
the lease term, Party A reserves the right to check the status of leased
equipment at any time, Party B shall accept, support and cooperate with on-site
inspections of leased equipment carried out by project management personnel of
Party A, and shall provide record report on the use, maintenance, and care of
lease equipment as requested by Party A.

     

    Article
Nine The damage or destruction risk of the leased facility and
post-treatment

     

    9.1      As
this project is a leaseback model, leased equipment is occupied by Party B all
along, and there is no actual delivery of leased equipment, therefore damage or
destruction risk of leased equipment shall be covered by Party B.

     

    9.2      Once
the damage or destruction of leased asset occurs, Party B should inform Party A
immediately. Party A is able to choose one of the following methods. Party B is
in charge to deal with it and cover all expenses.

     

    
      
         

      

      
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    9.2.1   Recover
or repair the leased equipment to normal condition for use;

     

    9.2.2   Replace
the alternatives that have the same condition with the leased
equipment.

     

    9.3      If
the damage or destruction degree of rental equipment is unrecoverable and
irreplaceable, Party A is entitled to terminate the contract in
advance.

     

    At this
point, Party B is should pay all due and outstanding rent and other payments,
after the above amount is paid, the ownership of the leased equipment was
transferred to the Party B.

     

    9.4      In
the event of that damage or destruction of the leased property belongs to
insurance accident, it should be handled based upon provision 10 of the
contract. With regard to all other repairs that are not within the
insurance coverage or not the deductible amount prescribed by Insurance
Provisions, Party B shall be responsible to arrange for repairs and pay the
resulting costs.

     

    9.5      Even
the above mentioned situation happened, without written approval from Party A,
it has no influence on Party A receive rents and other payables according to the
contract stipulation and Party B assume other obligations according to the
agreement.

     

    Article
Ten Insurance

     

    10.1    From
the effective date of the contract, all the while with the insurance amount of
less than book value from the commerce date, Party B as insurance applicant,
shall insure all risks on leased facility taking Party A as the first
beneficiary and keep it valid during the contract term, with insurance charge
covered by Party B. Party B should provide original or photocopy of insurance
policies/insurance endorsement for Party A’s custody.  Insurance
company should be acknowledged by the Party A. Party B shall buy appropriate
insurance as required by national laws, policies or industry practices at its
own costs.

     

    Party B
should renew all of the above insurance within the 10 days before the expiration
of the insurance policies or insurance contract, and Party B should provide the
original version or copy of the renewal insurance policy / insurance endorsement
to Party A in time.

     

    If Party
B refuses to fulfill its obligations under the terms of the contract, Party A
has the right to insure or renew the insurance by himself. The expenses are
covered by Party B. Within three working days upon receipt of insurance expense
list, Party B should commit the corresponding payments to the Party A Account.
If Party B does not pay the insurance fee in time or does not pay in full, Party
A is also entitled to collect the liquidated damages by deducting from the rent
and the deposit, which will not affect any other claims by Party A against Party
B.

     

    10.2    Once
the insurance events happened, Party B should inform Party A and insurance
company immediately on written notice to conduct inspection and claim, and
provide all the necessary documents and take all necessary measures to ensure
Party A receive insurance proceeds. In the event of the inspection and claim of
determining risks are bungled by Party B’s fault, Party B should be responsible
for claim from Party A.

     

    10.3    After
received insurance fund, Party A and Party B should negotiate and arrange the
collection and disposal of the insurance fund according to the following
principles.

     

    
      
         

      

      
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    10.3.1 If
total non-total loss occurred, Party B should use insurance fund to offset
expenses, , under the premise of that Party B does not have any default payments
to Party A, Party A authorizes Party B to get the insurance, Party B shall used
the collected insurance for repair of equipments and continue using them. The
contract continues to be performed.

     

    10.3.2 If
total loss occurred, the contract is terminated. Party B should use insurance
fund based on following order to offset expenses, liquidated damages,
compensation, due and undue rents that Party B owes to Party A. The remnant
quits insurance should be delivered from Party A to Party B. In case that the
remnant is not enough, Party B should make up for Party A.

     

    10.4    Payments
delay on insurance compensation can not be the reason that Party B should
postpone payments to Party A. Party B can not use insurance claim right to
offset any payables to Party A.

     

    10.5    If
due to Party B does not purchase insurance or an accident occurs outside the
scope of the insurance coverage, damage to or destruction of leasing equipment
resulted, action will be executed in accordance with Article nine of this
contract.

     

    Article
Eleven Guarantee

     

    Not
applicable

     

    Article
Twelve Disposal of leased equipment after expiration of the lease
term

     

    12.1    At
the expiration of leased period, the nominal price of rental facility charges
RMB1.00.

     

    12.2    When
rental period expires, Part B has paid all debts on time under the contract
(include but not limit to rents, nominal purchase price of leased property and
other payables, etc.), the ownership of leased property transfers to Party
B. Party B agreed to purchase leased equipment according to the status quo.
Since Party B possesses and uses leased equipment all along, Party A will not
make any statements and assurances on the performance and status of leased
equipment.

     

    Party A
should cooperate with Party B in handling the transfer procedures of ownership
of leased equipment, costs will be borne by the Party B.

     

    Article
Thirteen The disposition under special circumstances

     

    13.1    In
case of that one of the following circumstances happened on Party B, Party A
owns the right to require Party B to provide appropriate guarantee within
specified period. If Party B can not provide guarantee within specified period,
Party B will be regarded as breach of contract under this contract.

     

    13.1.1 State
of operation is deteriorated seriously

     

    13.1.2 Transfer
property; withdraw the fund in order to avoid debt;

     

    13.1.3 Lose
business credit;

     

    13.1.4 Lose
or might lose the capability to fulfill debts.

     

    
      
         

      

      
        Ex 10.4 -
11

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

    

     

    13.2    In
case of there are some adverse changes on Party A’s creditor’s rights under the
contract, informed by Party A , Party B should provide additional security that
satisfies Party A’s requirements. If Party B has not provided security within
reasonable period, Party B will be regarded as breach of the
contract.

     

    Article
Fourteen Notification and assistance

     

    14.1    Party
B should carry out the following notification and assistance
obligation

     

    (1)      Party
B should provide its quarterly financial report and annual auditing report to
Party A within 15 working days after these reports were completed.

     

    (2)      Party
B should bring forth the record reports on the use, maintenance and repair of
leased equipment to Party A within 15 days after the end of each fiscal year and
accept the investigation of the operational condition of Party B by Party
A.

     

    (3)      If
Party B changes registered capital, location, address, business scope or legal
representative that was registered in business management department, Party A
should be informed in written notice within seven working days after related
change happened.

     

    (4)      In
case of that Party B needs to conduct leasing, contracting operation,
joint-stock reform, pool, consolidation, merger, joint venture, separation,
capital reduction, changes in equity ownership, transfer of significant assets
and other behaviors that important enough to affect the realization of Party A’s
rights and interests. Party B should notify Party A at least thirty working days
in advance and obtain Party A’s written approval. Party A has the right to
require Party B to take more guarantee approach or pay all outstanding rents and
other payments immediately.

     

    (5)      If
events that are harmful to the normal operation of Party B or any other events
that might place a significantly adverse influence on fulfilling the rental
payment obligations under this contract happen, including but not limit to
significant economic dispute, litigation, bankruptcy, and financial
deterioration, Party B should inform Party A right away.

     

    (6)      In
the event of that Party B go out of business, dissolve, shutout and remedy, or
business licenses revoked, Party B should inform Party A in written form within
five working days after the occurrence.

     

    (7)      On
the basis of project and contract management requirement, Party A can ask for
working assistance of other aspects from Party B. Party B should ratify on
that.

     

    (8)      Notification,
assistance and Confidentiality obligations of Party B under this
contract.

     

    14.2
Whereas any notice given to Party B by the Party A under this contract, if it is
through fax or e-mail, once enters into the system of Party B, shall be deemed
to have been served; if notice is by post, after the seventh day of delivery,
the written notice will be deemed as served.

     

    Article
Fifteen Liability for breach of contract

     

    15.1
liability of Party A for breach of contract

     

    15.1.1 If
Party A fail to pay the specified transfer price in this contract to Party B,
causing the contract can not be performed and Party B’s damages, Party A shall
bear the liability

     

    
      
         

      

      
        Ex 10.4 -
12

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    15.1.2 If
as a result of Party A’s excuses, Party B can not exercise its ownership towards
the leased facility normally, Party A bears the liability for the loss of Party
B.

     

    15.2
liability of Party B for breach of contract

     

    15.2.1 If
Party B does not pay leasing commission or provide security based on the
contract, Party A can stop perform obligations under the contract for a while;
if within a month after the reminding from Party A, if Party B still does not
pay over or provide guarantee, Party A has the right to terminate the contract.
Party B shall be responsible for the loss caused by contract dissolution,
including but not limit to the anticipated interest loss.

     

    15.2.2 If
Party B fails to pay the matured payable rent, fees, rental deposits and other
payables specified in this contract, or fails to pay any fees paid on behalf of
Party B by Party A on schedule, Party B shall pay 5/10000 of overdue amounts on
a daily basis as liquidated damages to the Party A until the day of
payoff.

     

    15.2.3 If
Party B breaks the notification and assistance duty in article 14.1 of this
contract, but not seriously enough to harm the credit right of Party A, Party B
should correct it within 5 days after getting the notice from Party A and take
remedy measurement. If Party B refuse to correct or can not remedy, Party A has
the right to request Party B pay  1/10000 of transfer price of leased
equipment per ten days as liquidated damages to Party A

     

    15.2.4
Once one of the following event occurs, Party B is regarded as fundamental
breach of contract

     

    (1)      Party
B fails to pay the rental for three terms in a row or six month cumulatively
complying with this contract.

     

    (2)      Party
B does not provide appropriate guarantee agreed in article 11 of this contract,
still not provide within one month after receiving the notice from Party
A;

     

    (3)      Party
B breaks the agreement in article 2.8, 6.1 9.3 and 13 of this
contract;

     

    (4)      In
the event of that Party B has some actions detrimental to the ownership of
leased facility of Party A or the leased facility itself stated in Article 7.2
and 8.7 under the contract, Party B refuse to correct or can not remedy after
getting the notice from Party A;

     

    (5)      If
Party B breaks the notification and assistance duty in article 14.1 of this
contract, and harms the credit right of Party A seriously;

     

    (6)      Party
B goes out of business, dissolved, suspended business for
rectification   , business licenses revoked or become
bankrupted;

     

    (7)      Any
statements, promises or other written statements related to this contract and
its appendix that Party B gives to Party A are proved to be involving some
misstatement when they are made.

     

    (8)      Party
B fails to carry out or comply with this contract or other promises or
obligations in related agreement, has not taken any remedies within 30 days
after receiving the written notice from Party A.

     

    
      
         

      

      
        Ex 10.4 -
13

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    15.2.5
Within the effective term of this contract, Party B clearly expressed to Party A
of that it will not carried out this contract without reasonable excuses, or
Party A has conclusive evidence to prove that Party B will not perform or cannot
perform the contract when the  contract date comes, while the B has
failed to additionally provide necessary performance guarantee or provided
supplementary performance guarantee is not sufficient enough to ensure the
fulfillment of this contract, then it is regarded as anticipatory breach of
contract by Party B.

     

    Article
Sixteen Remedies for Breach of Contract

     

    16.1 If
Party B is considered as anticipatory breach of contract or a fundamental breach
of contract, Party A not only has the right to request Party B to be
responsibility for breach of contract and compensate for the losses in
accordance with this contract, but also has the right to take one or more of the
following remedies:

     

    (1)
terminate this contract before the due date, recourse from Party B all overdue
rental payments, penalty, damages, all outstanding rents and other payables that
Party B should pay under this contract;

     

    (2)
terminate this contract before the due date, retrieve or prohibit the use of
leased equipment by Party B without going through the judicial process, and
request Party B to compensate for all resulting losses;

     

    (3) force
Party B to fulfill this contract through legal procedings,  and
request Party B to compensate Party A all losses and expenses resulting from the
breach of contract (including legal fees, arbitration fees, lawyer fees and all
other costs that occur due to cleanning up, etc.);

     

    (4) take
other lawful remedies.Such above measures taken by Party A will not affect other
lawful rights of Party A under this contract, and will not affect other
obligations borne by Party B under this contract in accordance with
law.

     

    16.2
Party A gets back leasing of equipment based on article 16.1, methods including
but not limited to:

     

    (1) take
measures to make leased equipment dysfunctional;

     

    (2)
require Party B to deliver well-leased equipment to Party A in accordance with
designated time and place, the resulting costs shall be borne by Party
B;

     

    (3) Party
A or its agents directly enter into the location of leased equipment,
immediately possess and transfer leased equipment, the resulting costs shall be
borne by Party B. Party B has no right to demand Party A to compensate losses
caused to itself and any third party due to the transfer or retrieval of leased
equipment;

     

    (4) after
retracting leased equipment, Party A does no need to renovate or repair leased
equipment, can dispose them directly, designate rating agencies by itself, use
evaluated price as the value of the leased equipment, or directly sell leased
equipment in accordance with the status of it when retracted, sale target could
be any legal or natural person who needs leased equipment, sales proceeds will
be regarded as the value of leased equipment. Party A agrees and confirms the
above-mentioned lease equipment handling methods and resulting proceeds of Party
B.

     

    16.3 For
the proceeds from disposal of leased equipment, Party A is entitled to pay in
following order:

     

    
      
         

      

      
        Ex 10.4 -
14

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    (1) due
to the full cost arising from the retrieval, transfer, storage, repair, handling
of leased equipment or the implementation of this contract by Party A (including
attorneys fees, taxes, etc.);

     

    (2) all
penalty, overdue rents, outstanding rents and any loss suffered by Party A shall
be paid by Party B;

     

    (3) any
other unpaid amounts. If proceeds from the disposal are not enough to compensate
for the deficient amount, Party B shall compensate for such deficient amount..
If there are proceeds left, it belongs to Party B.

     

    Article
Seventeen Confidential item

     

    Both
parties promise to keep relevant business privacy under the contract, if one
party fails to fulfill Confidentiality Obligations resulting in the disclosure
of the contents of this contract, once the breaching party receives written
request from non-breaching party, should immediately stop any action that
violates the contractual obligations, and eliminate any resulting adverse
effects by all means. Otherwise, the non-breaching party has right to take all
reasonable means to eliminate these effects, the defaulting party shall
compensate the entire losses caused to the opposite party, and bear all arising
costs.

     

    Article
Eighteen The validation, alteration, supplement of the contract and transfer of
contractual rights

     

    18.1 The
contract becomes effective once the legal representatives or authorized persons
of both Parties seal and sign the contract. The term of this contract starts
from the effective date of this contract to the end of Party B fulfills all its
obligations under this contract.

     

    18.2 Once
the contract becomes effective, besides specified in this contract, neither side
can make an unauthorized change. If both parties need to modify certain items
under the contract or make a complement on unsettled issues, another complement
agreement should be made. The supplement agreement constitutes a part of this
contract.

     

    18.3
During the term of contract, Party A is entitled to transfer all or part of its
rights under the contract to third party on the condition of that no damage to
any contractual rights of Party B. Once such transfer occurs, Party A should
notify Party B in written form for the relevant transfer within fifteen working
days after the contract is concluded.

     

    Article
Nineteen Governing Law and Disputes Resolution

     

    19.1 This
contract is governed and interpreted by PRC laws.

     

    19.2 Any
dispute caused by or related to this contract, both sides agreed to submit to
the China International Economic and Trade Arbitration Commission Shanghai
Branch, and will arbitrate the dispute in accordance with the existing
arbitration rules when submitting arbitration application. Arbitration award is
taken as final and binding on both parties.

     

    Article
Twenty Appendixes to contract

     

    The
appendixes are an integral part of the contract, and have the same legal effect
as this contract.

     

    Appendix
One Leaseback Equipment List

     

    
      
         

      

      
        Ex 10.4 -
15

        
          

        

      

      
         

      

    

    
       

      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    Appendix
Two Rental Payment Schedule

     

    Appendix
Three Rental Payment Table

     

    Appendix
Four Rent Adjustment Notice

     

    Appendix
Five Payment Authorization Agreement

     

    Article
Twenty-one Supplementary provisions

     

    This
contract shall be executed in four counterparts, each of Party A and Party B
shall hold two counterparts, all of which shall have the same legal
effect.

     

    (The remainder of
this page is intentionally left blank)

     

    
      
         

      

      
        Ex 10.4 -
16

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    Party A:
CMB Financial Leasing Co.,Ltd.

     

    (common
seal)

     

    Legal
Representative/authorized representative:

     

    (signature)
/s/ Zhu Xi

     

    Date:
November 20, 2009

     

    Party B:
Henan Zhongpin Food Share Co., Ltd

     

    (common
seal)

     

    Legal
Representative/authorized representative:

     

    (signature)
/s/ Zhu Xiaowei

     

    Date:
November 18, 2009

     

    
      
         

      

      
        Ex 10.4 -
17

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    Appendix
One: Leaseback Equipments List

     

    Leaseback
equipment list includes production equipments in No. 1-4 prepared food
production departments and in No. 1-6 cooling plants and cold storages as as
listed below

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    	
                                                             No.

                                                          	 	
                                                            Name

                                                          	 	
                                                            Type

                                                          	 	
                                                            Quantity

                                                          	 	
                                                            Original
      Value

                                                          	 	
                                                            Net
      Value

                                                          	 	
                                                            Service
      Life

                                                          	 	
                                                            Economic

                                                            Life

                                                          	 	
                                                            Producer

                                                          	 	
                                                            Location

                                                          
	
                                                            I.Production
      equipments in No. 1 prepared-food production
      department

                                                          
	
                                                            1

                                                          	 	
                                                            Punch
      machine

                                                          	 	
                                                            GCF

                                                          	 	
                                                            1

                                                          	 	
                                                            2,584,452.20

                                                          	 	
                                                            2,415,919.85

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                             hengshui

                                                          	 	
                                                            onsite

                                                          
	
                                                            2

                                                          	 	
                                                            Standard
      Cutting Machine

                                                          	 	
                                                            KUX200VDC

                                                          	 	
                                                            1

                                                          	 	
                                                            1,577,881.22

                                                          	 	
                                                            1,466,604.98

                                                          	 	
                                                            2008.11

                                                          	 	 
      	 	 
      	 	
                                                            onsite

                                                          
	
                                                            3

                                                          	 	
                                                            Standard
      Cutting Machine

                                                          	 	
                                                            KUX200VDC

                                                          	 	
                                                            1

                                                          	 	
                                                            1,577,881.22

                                                          	 	
                                                            1,466,604.98

                                                          	 	
                                                            2008.11

                                                          	 	 
      	 	 
      	 	
                                                            onsite

                                                          
	
                                                            4

                                                          	 	
                                                            Automatic
      high-temperature and high-pressure Sterilization axe with double-door and
      two pots parallel

                                                          	 	
                                                            GT7C5SK
      1200*3400

                                                          	 	
                                                            1

                                                          	 	
                                                            1,300,000.00

                                                          	 	
                                                            1,205,425.00

                                                          	 	
                                                            2008.11

                                                          	 	 
      	 	
                                                             zhoukou

                                                          	 	
                                                            onsite

                                                          
	
                                                            5

                                                          	 	
                                                            vacuum
      sausage stuffer

                                                          	 	
                                                            VF680

                                                          	 	
                                                            1

                                                          	 	
                                                            1,125,969.58

                                                          	 	
                                                            1,054,029.88

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                             Hantman

                                                          	 	
                                                            onsite

                                                          
	
                                                            6

                                                          	 	
                                                            vacuum
      sausage stuffer

                                                          	 	
                                                            VF680

                                                          	 	
                                                            1

                                                          	 	
                                                            1,062,512.33

                                                          	 	
                                                            993,225.81

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                             Hantman

                                                          	 	
                                                            onsite

                                                          
	
                                                            7

                                                          	 	
                                                            vacuum
      sausage stuffer

                                                          	 	
                                                            VF680

                                                          	 	
                                                            1

                                                          	 	
                                                            1,062,512.33

                                                          	 	
                                                            993,225.81

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                            Hantman

                                                          	 	
                                                            onsite

                                                          
	
                                                            8

                                                          	 	
                                                            vacuum
      sausage stuffer

                                                          	 	
                                                            VF680

                                                          	 	
                                                            1

                                                          	 	
                                                            1,034,402.74

                                                          	 	
                                                            966,949.25

                                                          	 	
                                                             2008.12

                                                          	 	 
      	 	
                                                            Hantman

                                                          	 	
                                                            onsite

                                                          
	
                                                            9

                                                          	 	
                                                            vacuum
      sausage stuffer

                                                          	 	
                                                            VF680

                                                          	 	
                                                            1

                                                          	 	
                                                            1,034,402.74

                                                          	 	
                                                            966,949.25

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                            Hantman

                                                          	 	
                                                            onsite

                                                          
	
                                                            10

                                                          	 	
                                                            Stainless
      steel water tanks  

                                                          	 	
                                                            VF680

                                                          	 	
                                                            1

                                                          	 	
                                                            974,200.00

                                                          	 	
                                                            958,450.44

                                                          	 	
                                                            2009.6

                                                          	 	 
      	 	 
      	 	
                                                            onsite

                                                          
	
                                                            11

                                                          	 	
                                                            vacuum
      sausage stuffer

                                                          	 	
                                                            VF680

                                                          	 	
                                                            1

                                                          	 	
                                                            591,951.34

                                                          	 	
                                                            562,957.84

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                            Hantman

                                                          	 	
                                                            onsite

                                                          
	
                                                            12

                                                          	 	
                                                            vacuum
      sausage stuffer

                                                          	 	
                                                            VF680

                                                          	 	
                                                            1

                                                          	 	
                                                            600,880.90

                                                          	 	
                                                            558,438.08

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                            Hantman

                                                          	 	
                                                            onsite

                                                          
	
                                                            13

                                                          	 	
                                                            Right-angle-
      meat mincer

                                                          	 	
                                                            BJRJ-160A

                                                          	 	
                                                            1

                                                          	 	
                                                            575,287.86

                                                          	 	
                                                            534,636.86

                                                          	 	
                                                            2008.11

                                                          	 	 
      	 	
                                                             hangzhou

                                                          	 	
                                                            onsite

                                                          
	
                                                            14

                                                          	 	
                                                            Mincero

                                                          	 	
                                                            ww2002

                                                          	 	
                                                            1

                                                          	 	
                                                            566,686.07

                                                          	 	
                                                            529,732.41

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                            LASKA

                                                          	 	
                                                            onsite

                                                          
	
                                                            15

                                                          	 	
                                                            Mixer

                                                          	 	
                                                            KRJB-1200A

                                                          	 	
                                                            1

                                                          	 	
                                                            416,995.41

                                                          	 	
                                                            389,803.09

                                                          	 	
                                                            2008.12

                                                          	 	 
      	 	
                                                             jiaying

                                                          	 	
                                                            onsite

                                                          
	
                                                            16

                                                          	 	
                                                            Ice
      machine

                                                          	 	
                                                            LT-2500

                                                          	 	
                                                            1

                                                          	 	
                                                            410,000.00

                                                          	 	
                                                            380,172.47

                                                          	 	
                                                            2008.11

                                                          	 	 
      	 	
                                                             Nantong

                                                          	 	
                                                            onsite

                                                          
	
                                                            17

                                                          	 	
                                                            de-airing
      mixer

                                                          	 	
                                                            KRJN-1600A

                                                          	 	
                                                            1

                                                          	 	
                                                            406,400.00

                                                          	 	
                                                            376,834.37

                                                          	 	
                                                            2008.11

                                                          	 	 
      	 	
                                                            jiaxing

                                                          	 	
                                                            onsite

                                                          
	
                                                            18

                                                          	 	
                                                            de-airing
      mixer

                                                          	 	
                                                            KRJN-1600A

                                                          	 	
                                                            1

                                                          	 	
                                                            406,400.00

                                                          	 	
                                                            376,834.37

                                                          	 	
                                                             2008.11

                                                          	 	 
      	 	
                                                            jiaxing

                                                          	 	
                                                            onsite

                                                          

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        Ex 10.4 -
18

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    
      
        
          
            
              	
                      19

                    	
                      Ice
      machine

                    	
                      LT-2500

                    	
                      1

                    	
                      390,000.00

                    	
                      361,627.50

                    	
                      2008.11

                    	 
      	
                      nantong

                    	
                      onsite

                    
	
                      20

                    	
                      saline
      injection machine

                    	
                      IMAZ350

                    	
                      1

                    	
                      321,523.16

                    	
                      300,556.60

                    	
                      2008.12

                    	 
      	
                      shude

                    	
                      onsite

                    
	
                      21

                    	
                      saline
      injection machine

                    	
                      IMAZ350

                    	
                      1

                    	
                      321,523.15

                    	
                      300,556.59

                    	
                      2008.12

                    	 
      	
                      shude

                    	
                      onsite

                    
	
                      22

                    	
                      Gas
      pipe lines

                    	 
      	
                      1

                    	
                      260,000.00

                    	
                      255,796.66

                    	
                      2009.6

                    	 
      	 
      	
                      onsite

                    
	
                      23

                    	
                      low
      pressure cycle machine

                    	 
      	
                      1

                    	
                      90,100.00

                    	
                      89,060.98

                    	
                      2009.6

                    	 
      	 
      	
                      onsite

                    
	
                      24

                    	
                      Low
      pressure cycle barrel

                    	 
      	
                      1

                    	
                      90,100.00

                    	
                      89,060.98

                    	
                      2009.6

                    	 
      	 
      	
                      onsite

                    
	
                      25

                    	
                      Low
      pressure cycle barrel

                    	 
      	
                      1

                    	
                      90,100.00

                    	
                      89,060.98

                    	
                      2009.6

                    	 
      	 
      	
                      onsite

                    
	
                      26

                    	
                      Low
      pressure cycle barrel

                    	 
      	
                      1

                    	
                      90,100.00

                    	
                      89,060.98

                    	
                      2009.6

                    	 
      	 
      	
                      onsite

                    
	
                      27

                    	
                      de-airing
      mixer

                    	
                      KRJN-1600A

                    	
                      1

                    	
                      88,000.00

                    	
                      85,866.01

                    	
                      2009.5

                    	 
      	
                       jiaxing

                    	
                      onsite

                    
	
                      28

                    	
                      de-airing
      mixer

                    	
                      KRJN-1600A

                    	
                      1

                    	
                      88,000.00

                    	
                      85,866.01

                    	
                      2009.5

                    	 
      	
                      jiaxing

                    	
                      onsite

                    
	
                      29

                    	
                      de-airing
      mixer

                    	
                      KRJN-1600A

                    	
                      1

                    	
                      88,000.00

                    	
                      85,866.01

                    	
                      2009.5

                    	 
      	
                      jiaxing

                    	
                      onsite

                    
	
                      II.Production
      equipments in No. 2 prepared-food production
      department

                    
	
                      30

                    	
                      smoking
      oven  

                    	 
      	
                      1

                    	
                      585,000.00

                    	
                      542,441.25

                    	
                      2008.11

                    	 
      	 
      	
                      onsite

                    
	
                      31

                    	
                      smoking
      oven  

                    	 
      	
                      1

                    	
                      585,000.00

                    	
                      542,441.25

                    	
                      2008.11

                    	 
      	 
      	
                      onsite

                    
	
                      32

                    	
                      smoking
      oven  

                    	 
      	
                      1

                    	
                      536,000.00

                    	
                      497,005.98

                    	
                      2008.11

                    	 
      	 
      	
                      onsite

                    
	
                      33

                    	
                      smoking
      oven  

                    	 
      	
                      1

                    	
                      536,000.00

                    	
                      497,005.98

                    	
                      2008.11

                    	 
      	 
      	
                      onsite

                    
	
                      III.Production
      equipments in No. 3 prepared-food production department

                    
	
                      34

                    	
                      Dual-network
      tunnel Freezer

                    	 
      	
                      1

                    	
                      735,042.70

                    	
                      717,217.92

                    	
                      2009.5

                    	 
      	
                       Xiamen

                    	
                      onsite

                    
	
                      VI. No.
      4 prepared food production departments

                    
	
                      35

                    	
                      near
      infrared spectroscopy

                    	 
      	
                      1

                    	
                      935,000.00

                    	
                      866,978.74

                    	
                      2008.11

                    	 
      	 
      	
                      onsite

                    
	
                      36

                    	
                      Rolling
      Packer

                    	
                      DZ-1100

                    	
                      1

                    	
                      193,000.00

                    	
                      190,227.27

                    	
                      2009.5

                    	 
      	
                       zhucheng

                    	
                      onsite

                    
	
                      37

                    	
                      Rolling
      Packer

                    	
                      DZ-1100

                    	
                      1

                    	
                      193,000.00

                    	
                      190,227.27

                    	
                      2009.5

                    	 
      	
                      zhucheng

                    	
                      onsite

                    
	
                      38

                    	
                      Rolling
      Packer

                    	
                      DZ-1100

                    	
                      1

                    	
                      193,000.00

                    	
                      190,227.27

                    	
                      2009.5

                    	 
      	
                      zhucheng

                    	
                      onsite

                    
	
                      39

                    	
                      Rolling
      Packer

                    	
                      DZ-1100

                    	
                      1

                    	
                      193,000.00

                    	
                      190,227.27

                    	
                      2009.5

                    	 
      	
                      zhucheng

                    	
                      onsite

                    
	
                      40

                    	
                      Rolling
      Packer

                    	
                      DZ-1100

                    	
                      1

                    	
                      193,000.00

                    	
                      190,227.27

                    	
                      2009.5

                    	 
      	
                      zhucheng

                    	
                      onsite

                    
	
                      41

                    	
                      Rolling
      Packer

                    	
                      DZ-1100

                    	
                      1

                    	
                      193,000.00

                    	
                      190,227.27

                    	
                      2009.5

                    	 
      	
                      zhucheng

                    	
                      onsite

                    
	
                      42

                    	
                      Rolling
      Packer

                    	
                      DZ-1100

                    	
                      1

                    	
                      193,000.00

                    	
                      190,227.27

                    	
                      2009.5

                    	 
      	
                      zhucheng

                    	
                      onsite

                    

            

          

        

      

    

     

    
      
         

      

      
        Ex 10.4 -
19

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

             

          

        

      

    

    
      
        
          
            	
                    V.No.
      1-4 prepared
      food production departments

                  
	
                    43

                  	
                    high and low-voltage
      switchgear

                  	 
      	
                    1

                  	
                    1,030,000.00

                  	
                    1,013,348.34

                  	
                    2009.6

                  	 
      	 
      	
                    onsite

                  
	
                    44

                  	
                    high and low-voltage
      switchgear 

                  	 
      	
                    1

                  	
                    1,080,000.00

                  	
                    1,001,430.00

                  	
                    2008.11

                  	 
      	 
      	
                    onsite

                  
	
                    45

                  	
                    Main
      cable installation

                  	 
      	
                    1

                  	
                    760,000.00

                  	
                    704,710.01

                  	
                    2008.11

                  	 
      	 
      	
                    onsite

                  
	
                    46

                  	
                    Main
      cable

                  	 
      	
                    1

                  	
                    660,000.00

                  	
                    649,330.00

                  	
                    2009.6

                  	 
      	 
      	
                    onsite

                  
	
                    VI.No.
      1-6 cooling plants and cold storages

                  
	
                    47

                  	
                    Fluorine
      refrigeration, air-conditioning system installation

                  	 
      	
                    1

                  	
                    15,917,280.00

                  	
                    14,788,984.63

                  	
                    2008.12

                  	 
      	 
      	
                    Henan
      Zhongpin Food Share Co.,Ltd.(on site)

                  
	
                    48

                  	
                    Fluoride,
      ammonia refrigeration

                  	 
      	
                    1

                  	
                    5,800,000.00

                  	
                    5,706,233.36

                  	
                    2009.6

                  	 
      	
                    Yantai
      Moon Co., Ltd.

                  	
                    onsite

                  
	
                    49

                  	
                     Ammonia
      Refrigeration System Installation

                  	 
      	
                    1

                  	
                    2,930,000.00

                  	
                    2,716,842.50

                  	
                    2008.11

                  	 
      	 
      	
                    onsite

                  
	
                    50

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    528,000.00

                  	
                    521,932.75

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    51

                  	
                    evaporated
      condenser

                  	
                    TZFL-1240

                  	
                    1

                  	
                    510,000.00

                  	
                    504,139.58

                  	
                    2009.6

                  	 
      	
                    luoyang

                  	
                    onsite

                  
	
                    52

                  	
                    Evaporative
      condensing machine

                  	
                    TZFL-1240

                  	
                    1

                  	
                    510,000.00

                  	
                    504,139.58

                  	
                    2009.6

                  	 
      	
                    luoyang

                  	
                    onsite

                  
	
                    53

                  	
                    Evaporative
      condensing machine

                  	
                    TZFL-1240

                  	
                    1

                  	
                    510,000.00

                  	
                    504,139.58

                  	
                    2009.6

                  	 
      	
                    luoyang

                  	
                    onsite

                  
	
                    54

                  	
                    Evaporative
      condensing machine

                  	
                    TZFL-1240

                  	
                    1

                  	
                    510,000.00

                  	
                    504,139.58

                  	
                    2009.6

                  	 
      	
                    luoyang

                  	
                    onsite

                  
	
                    55

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    504,000.00

                  	
                    498,609.30

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    56

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    466,000.00

                  	
                    461,079.35

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    57

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    466,000.00

                  	
                    460,678.59

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    58

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    466,000.00

                  	
                    460,678.59

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    59

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    466,000.00

                  	
                    460,678.59

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    60

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    466,000.00

                  	
                    460,678.59

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    61

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    384,000.00

                  	
                    379,587.45

                  	
                    2008.11

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    62

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    336,000.00

                  	
                    332,139.02

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    63

                  	
                    Liquid
      ammonia screw chillers

                  	 
      	
                    1

                  	
                    288,000.00

                  	
                    283,889.05

                  	
                    2009.6

                  	 
      	
                    Yantai

                  	
                    onsite

                  
	
                    64

                  	
                    liquid
      reservoir

                  	 
      	
                    1

                  	
                    182,150.00

                  	
                    180,064.09

                  	
                    2009.6

                  	 
      	
                    Henan

                  	
                    onsite

                  

          

        

      

    

     

    
      
         

      

      
        Ex 10.4 -
20

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    
      
        
          
            	
                    65

                  	
                    liquid
      reservoir

                  	 
      	
                    1

                  	
                    182,150.00

                  	
                    180,064.09

                  	
                    2009.6

                  	 
      	
                    Henan

                  	
                    onsite

                  
	
                    66

                  	
                    Siphon
      pot

                  	 
      	
                    1

                  	
                    124,800.00

                  	
                    123,365.93

                  	
                    2009.6

                  	 
      	
                    Henan

                  	
                    onsite

                  
	
                    67

                  	
                    intercooler

                  	 
      	
                    1

                  	
                    104,900.00

                  	
                    103,694.66

                  	
                    2009.6

                  	 
      	
                    Henan

                  	
                    onsite

                  
	
                    68

                  	
                    ammonia
      storage tank

                  	 
      	
                    1

                  	
                    91,600.00

                  	
                    90,516.70

                  	
                    2009.6

                  	 
      	
                    Henan

                  	
                    onsite

                  
	 
      	
                     Total

                  	 
      	 
      	
                    59,762,184.95

                  	
                    56,618,949.96

                  	 
      	 
      	 
      	 
      

          

        

      

    

     

    Party A:
CMB Financial Leasing Co., Ltd.  (common
seal)

     

    Party B: Henan Zhongpin Food Share Co.,
Ltd. (common
seal)

     

    
      
         

      

      
        Ex 10.4 -
21

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          

                        	
                          融资租赁合同(回租)

                        

                

              

            

          

        

      

       

    

    Appendix
Two

     

    Rental
Payment Schedule

     

    currency:RMB  unit:Yuan

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        Purchase
      price

                                      	 	
                                        (RMB40,000,000.00)

                                      
	
                                        lease
      commence date

                                      	 	
                                        payment
      date for the purchase price of leased equipment

                                      
	
                                        Rental
      term

                                      	 	
                                        three
      year

                                      	 	 
      
	
                                        Interest

                                      	 	
                                        9%
      less than

                                        benchmark
      rate

                                      	 	
                                        Nominal
      price of rental

                                        equipment

                                      	 	
                                        (RMB
      1.00   )

                                        RMB
      1.00

                                      
	
                                        commission
      charge

                                      	 	
                                        (RMB600,000.00)

                                      
	
                                        Interest Rate of Deposits:
      No。

                                      	 	
                                        Deposits:
      (RMB3,200,000.00 )

                                      
	
                                        Rents
      phase

                                      	 	 
      	 	
                                        Due
      rental payments per period

                                      	 	
                                        remark

                                      
	
                                        Initial

                                      	 	 
      	 	
                                        0

                                      	 	
                                        first
      rental payment

                                      
	
                                        First
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Second
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Third
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Forth
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Fifth
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Sixth
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Seventh
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Eighth
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Ninth
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Tenth
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Eleventh
      installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	 
      
	
                                        Twelfth  installment

                                      	 	 
      	 	
                                        RMB3,605,464.59

                                      	 	
                                        Deposits
      offset rents

                                      
	
                                        Total
      rents

                                      	 	 
      	 	
                                        RMB43,265,575.08

                                      	 	 
      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    Party A:
CMB Financial Leasing Co., Ltd. (common seal)

     

    Party B:
Henan Zhongpin Food Share Co., Ltd.(common seal)

     

    
      
         

      

      
        Ex 10.4 -
22

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              

                            	
                              融资租赁合同(回租)

                            

                    

                  

                

              

            

          

        

      

       

    

    Appendix
Four

     

    Rents
Adjustment Notice

     

    According
to the adjusted benchmark interest rates for loans by CMB on date of _______,
lessor should, based on the provisions listed in article 6.3 of No.___’Financial
leasing agreement’, adjust all rental payments from the ___installments as
following, the lessee is requested to pay lessor rents according to the "
adjusted rental payments" presented in the following table:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          Number
      of

                                          installment

                                        	 	
                                          Payment
      date

                                        	 	
                                          Pre-adjusted
      rent

                                        	 	
                                          Adjusted
      rent

                                        
	
                                          ___Installment

                                        	 	 
      	 	 
      	 	 
      
	
                                          ____installment

                                        	 	 
      	 	 
      	 	 
      
	
                                          ...

                                        	 	 
      	 	 
      	 	 
      

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

       lessor:
CMB Financial leasing Co., Ltd

    (common
seal)

    Date:

    
      
         

      

      
        Ex 10.4 -
23Exhibit
10.5

    

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    

     

    Financial
Leasing Contract

     

    Contract Number:
C1351HZ0911100088

     

    Lessor: CMB Financial
Leasing Co., Ltd.

     

    Lessee: Luoyang
Zhongpin Food Co., Ltd.

     

    
      
         

      

      
        Ex.10-5 -
1

        
          

        

      

      
         

      

    

     

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    Table
of Contents

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    	
                                                            Article
      One Definitions

                                                          	
                                                            3

                                                          
	 	 
	
                                                            Article
      Two Statement and guarantee

                                                          	
                                                            4

                                                          
	 	 
	
                                                            Article
      Three Nature of Transaction and leased equipment

                                                          	
                                                            5

                                                          
	 	 
	
                                                            Article
      Four The acquisition of leased equipment

                                                          	
                                                            6

                                                          
	 	 
	
                                                            Article
      Five Delivery, quality defects and claims of leased
    equipment

                                                          	
                                                            6

                                                          
	 	 
	
                                                            Article
      Six Lease term, lease payment, commission charge, security deposit and
      other expenses

                                                          	
                                                            6

                                                          
	 	 
	
                                                            Article
      Seven The ownership and Exercise Right

                                                          	
                                                            8

                                                          
	 	 
	
                                                            Article
      Eight The use, care and maintenance of leased equipment

                                                          	
                                                            9

                                                          
	 	 
	
                                                            Article
      Nine The damage or destruction risk of the leased facility and
      post-treatment

                                                          	
                                                            10

                                                          
	 	 
	
                                                            Article
      Ten Insurance

                                                          	
                                                            11

                                                          
	 	 
	
                                                            Article
      Eleven Guarantee

                                                          	
                                                            12

                                                          
	 	 
	
                                                            Article
      Twelve Disposal of leased equipment after expiration of the lease
      term

                                                          	
                                                            12

                                                          
	 	 
	
                                                            Article
      Thirteen The disposition under special circumstances

                                                          	
                                                            13

                                                          
	 	 
	
                                                            Article
      Fourteen Notification and assistance

                                                          	
                                                            13

                                                          
	 	 
	
                                                            Article
      Fifteen Liability for breach of contract

                                                          	
                                                            14

                                                          
	 	 
	
                                                            Article
      Sixteen Remedies for Breach of Contract

                                                          	
                                                            15

                                                          
	 	 
	
                                                            Article
      Seventeen Confidential item

                                                          	
                                                            17

                                                          
	 	 
	
                                                            Article
      Eighteen The validation, alteration, supplement of the contract and
      transfer of contractual rights

                                                          	
                                                            17

                                                          
	 	 
	
                                                            Article
      Nineteen Governing Law and Disputes Resolution

                                                          	
                                                            17

                                                          
	 	 
	
                                                            Article
      Twenty Appendixes to contract

                                                          	
                                                            17

                                                          
	 	 
	
                                                            Article
      Twenty-one Supplementary provisions

                                                          	
                                                            18

                                                          

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        Ex.10-5 -
2

        
          

        

      

      
         

      

    

    
      
        
          	
                  

                	
                  融资租赁合同(回租)

                

        

      

    

    

    Financial
Leasing Agreement

     

    Party A:CMB Financial Leasing
Co., Ltd.

    Address:
Suite 9F, Standard Chartered Bank Building, 201

    Century
Ave, Pudong New District, Shanghai City

    Legal
Representative: Guanghua Zhang        
   Postcode:200120

    Contact:Xiangqian
Tong

     

    
      
        
          	
                  Tel:
      021-6105
      9999

                	
                  Fax:
      021-6105
      9922

                

        

      

    

     

    Party B: Luoyang Zhongpin Food
Company, Ltd

    Address:
21 Industrial
areas, Shouyang mountain, Yanshi city, Henan Province

     

    Legal
Representative:Zhu
Xianfu

     

    Postcode:471000

     

    Contact:Haobin
Li

     

    
      
        
          	
                  Tel:0374-6219786

                	
                  Fax:0374-6219962

                

        

      

    

     

    Under the
principle of equality, freewill, integrity, mutual benefit and common
development, and by friendly consultations, Party A and Party B agree to reach
the following agreement (hereinafter “agreement” or “contract” for short)
to comply with by both, according to contract law and other related laws and
regulations in China:

     

    Article
One Definitions

     

    In the
agreement, unless there are other prescriptions in context:

     

    1.1           Commence
date: During the implementation process of this contract, the time a lessor
start to record rents payment by a lessee.

     

    1.2           commission
charge: The service charge that a lessee pays to a lessor for the Finance
leasing service they provide in prior period.

     

    1.3           Expenses
(or costs): The expenses that a lessor or a lessee should be responsible for in
conducting the contract and the business under the agreement or the contract
security.

     

    1.4           Claim:
During the process of contract implementation, for the actual loss made not by
their own fault, or resulted from the circumstances of that the opposing party
should take responsibility pursuant to law and regulations, one party can ask
the other for pecuniary compensation or other liabilities for breach
contract.

    
      
         

      

      
        Ex.10-5 -
3

        
          

        

      

      
         

      

    

     

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    1.5           Payment
date: refer to the time of each payment stated in Appendix Three of this
contract “rental payment table”, if the payment date is not a working day, then
the payment date should be brought forward to previous working day

     

    Article
Two Statement and guarantee

     

    2.1           The
statement and assurance by Party A

     

    2.1.1        Party
A, a non-bank financial institution established and existed complying with the
law of People’s Republic of China, has independent legal position and
qualification of dealing leaseback operation.

     

    2.1.2        Party
A guarantees that it is internal authorized corresponding to the subscription
and implementation of the contract.

     

    2.1.3        Once
the contract is signed, it turns into executable obligation that is legal,
effective and promissory for Party A.

     

    2.1.4        Party
A signing or conducting the agreement does not violate that Party A is regarded
as a Party or any contracts that has restrictions for Party A or its
properties.

     

    2.1.5        Party
A carefully read through the contract and all items of the contract attachments,
and wholly understood the meaning of each item and its implication that sealed
contract authentically express. As to the item of responsibility exemption or
restriction under the contract, Party A has reminded Party B to notice in a
reasonable way and explained it.

     

    2.1.6        Hereby
Party A pledges to Party B that all statements is correct and
no-misleading.

     

    2.2           The
statement and assurance by Party B

     

    2.2.1        Party
B is a company established and existed according to the law of People’s Republic
of China, has independent legal position and the capabilities of civil acts and
civil liabilities consistent with the business scope specified in its business
license.

     

    2.2.2        Party
B guarantees that the sealed contract has obtained corresponding internal
authority and permission of relative management department, and has gone through
all necessary procedures according to law.

     

    Party B
guarantees to provide Party A with all permission files related to subscription
and implementation of the agreement and takes the responsibility for its
authenticity, validity and integrity; Party B has the right to sign this
contract and attachments within, and other related contract or
documents.

    
      
         

      

      
        Ex.10-5 -
4

        
          

        

      

      
         

      

    

     

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    2.2.3        Party
B pledges to have informed litigation, arbitration, other judicatory or
administrative procedures that might affect the subscription and implementation
of the contract and its attachments to Party A.

     

    2.2.4        Party
B assures when breach of contract by Party B occurs, Party A has the
qualification of ownership to enter the installation location and get back
leased equipment successfully.

     

    2.2.5        Party
B guarantees to compile and provide all financial accounting statements and
reports on time based on Party A’s requirements, including not limit to balance
sheet, profit table, cash flow statement and its annotations, and is responsible
for its authenticity, validity and integrity.

     

    2.2.6        Party
B pledges to provide enough disclosure of accounting statements to Party A.
There is nothing not included in the accounting report or its annotations that
might has an adverse impact on Party B’s financial situation or contingencies,
include but not limit to guarantee or lawsuit.

     

    2.2.7        Party
B read through all articles of the contract and attachments, and fully
comprehended its authentic meanings and connotations of various signed contract
files. Party B has certificated the items that exempt or limit Party A’s
liability provisions. Party A has adopted a reasonable manner to bring to Party
B’s attention and explained accordingly.

     

    2.2.8        Party
B promises that the use of the leased equipment is within the business scope of
Party B and will not violate any provision of laws and regulations, and projects
that related to the leased equipment conformed to the laws and regulations and
have obtained the approval of relevant administrative authorities.

     

    2.2.9        Party
B has complete ownership of the leased equipment when signing this contract,
Party B is entitled to transfer the leased equipment according to the provisions
of the contract, and transferred leased equipments are not involved in any
collateral and other security interests and other rights, there is no
possibility of claims by any third party at present or in the
future.

     

    2.2.10      Party
B acknowledges and agrees that even though there are clauses in any contract
signed by both parties that restrict or prohibit disclosure of any information
of party B, this contract and relevant appendix or leased subject-matter, this
will not affect the right of Party A to register in the finance lease
registration system of Credit Information Center of People's Bank of China after
signing this contract.

     

    Article
Three Nature of Transaction and leased equipment

     

    3.1           Party
A and Party B will conduct a leaseback according to this contract(or agreement).
Party A agrees to purchase Party B’s equipments in Luoyang pork slaughter and
partition production line and in Luoyang No. 1-3 cooling plants and cold
storages, on which Party B promise that they have the lawful property rights and
those equipments are without property flaw, and lease such equipments to Party B
for use. Party B agrees to hold a lease and pay rents to Party A based on the
agreement.

    
      
         

      

      
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    3.2           The
details of the leased equipments are in Appendix One of this agreement:
leaseback equipment list. ‘Leased equipments’ appeared in this agreement refers
to equipments listed in Appendix One of this agreement: leaseback equipment
list.

     

    Article
Four The acquisition of leased equipment

     

    4.1           Party
B aims at leaseback for use and fund raising, taking the way of sales leaseback
to sale leased facility or equipment to Party A; on the basis of the above
purposes of Party B, Party A pays the transfer price to buy rented facility
which Party B sales to Party A.

     

    4.2           Party
B needs to provide property right certificate, original invoices and other
documents which Party A think necessary to Party A to prove that the
leaseback asset belongs to Party B.

     

    4.3           Both
Party A and Party B conformably agree that Party B sales the leased equipments
in Appendix One to Party A for RMB30, 000,000.00.

     

    4.4           After
the signatures and seals of the agreement, Party A shall be responsible for the
fund to buy leased facility, while Party B shall be responsible to deliver
property document which stated that leased equipments are owned by Party B, and
make the insurance of leased equipment set forth in Article 10 of the contract.
Once Party B provides all documents required by Party A, and there is no changes
happen to the circumstances prescribed in those documents, those documents
remain in force, or B has made reasonable explanations to changes, Party A shall
pay the transfer price of the leased equipments set forth in Article 4.3 to
Party B.

     

    4.5           Party
B should be responsible for the taxes and all costs occurred owing to transfer
of the leased equipments under the contract.

     

    Article
Five Delivery, quality defects and claims of leased equipment

     

    5.1           On
the day when Party A pays the transfer price of leased equipments to Party B,
the leased equipment that Party B rented back from Party A, shall be deemed that
the equipments have delivered over from Party A (lessor) to Party B(lessee)
in its good condition, while the ownership of those equipment has been
transferred to Party A.  Party B should not raise any objection to the
leased equipment.

     

    5.2           Events,
including but not limited to, delay in delivery, quality defects, and that the
supplier does not fulfill the warranty obligations, occur to the leased
equipment Party B purchases first and then transfers to Party A, Party B shall
bring up a claim to supplier directly.

     

    Article
Six Lease term, lease payment, commission charge, security deposit and other
expenses

     

    6.1           The
lease period for this contract is three years started from the commence date,
the commence date is the day that Part A pays transfer price of leased equipment
to Party B. rental payment is an equal amount for each term and paid after the
term, referred to Appendix Two "rental payment schedule."

    
      
         

      

      
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    Lease
term is a fixed time range. Within this range, Party B should not pause, or
terminate the lease on the lease equipments.

     

    6.2           After
the determination of commence date, Party B should send to Party A Appendix
Three  “rental payment table”, “rental payment table” added payment
date for each payment upon the “rental payment schedule”. During the validity
term of the contract, Party B should pay rents to Party A strictly according to
sum, currency type, time and manner of payment stated in the contract and
Appendix Three “rents payment table”. If the rental payment date is a
public-holiday, then Party B shall pay the rent of current term on previous
working day. Party A shall provide invoice to Party B after receiving the rent
of current term from Party B.

     

    The
obligation of Party B to pay rent and all other payables is unconditional,
without impact of any reason. Under this contract Party B shall pay all payables
in full amount to Party A, without any form of reduction and
deduction.

     

    6.3           The
renting interest rate under this agreement is 9% less than the benchmark loan
interest rate over the same period of People’s Bank of China. Within the leasing
period, if the benchmark loan interest rate adjusts, Party A owns the right to
adjust the leasing interest rate with accordant direction and same proportion.
When interest rate adjusted, Party A does not need to get consent of Party B in
advance, but should give notice to Party B in written form according to Appendix
Four "Rent Adjustment Notice". The rents for periods before the date of interest
rate adjustment as well as the rent for period involves interest rate adjustment
remains unchanged, then from the next leasing period, the rental payment will be
collected according to be the adjusted amount, Party B has also agreed to pay
the rent to Party A according to the amount, currency, time, and manner of
payment prescribed in "rent adjustment notice". "Rent Adjustment Notice" is an
integral part of this contract.

     

    As to the
unpaid rents by Party B, in case interest rate increases, the rate should be
adjusted according to new leasing interest rate. If interest rate falls down,
Part B should pay rents according to the original leasing interest
rate.

     

    6.4           Before
commerce date and within three working days, Party B should pay a lump sum of
irrevocable commissions of RMB450,000.00 to Party A.

     

    6.5           Before
commerce date and within three working days, Party B should pay a lump sum of
leasing bail of RMB2,400,000.00 to Party
A. During the process Party B implementing contract, if breach of contract
occurs, Party A owns the right to use leasing deposit to offset: (1) penalty,
(2) other expenses, (3) Unpaid rent. At the same time, Party B shall fill
deposit in time in accordance with the notification from Party A. If Party B
fails to make up for margin requirements, Party A has the right to use each
subsequent rent Party B pays in priority to make up margin. If
there is no breach of contract happened during contract implementation term, the
deposit will offset rents of last or last several periods.

    
      
         

      

      
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    6.6           Party
B agrees to take the bank account opened in China Merchants Bank Zhengzhou West
Main Street Branch (referred
to debit bank) as the designated
account that Party B receives payments from Party A at transfer price as Party A
purchase the asset and Party B pays rents to Party A. Fund in this account
should be given priority for rental payment and other payments under this
contract.

     

    Party B
designate the following bank account to be the appointed account that receives
payments from Party A at transfer price as Party A purchase the asset and Party
B pays rents. (Hereinafter referred to "Party B Account"):

     

    Issuing
bank: China Merchants Bank Zhengzhou West Main Street Branch

     

    Account
name: Luoyang Zhongpin Food Co., Ltd..

     

    Bank
account: 371902879210201

     

    Party B
should deposit rents sum of the period two days before rents payday. Party B
shall authorize issuing bank to transfer due rents from the appointed account
directly to Party A’s account on the date of payments.

     

    Party A
designate the following bank account to be the appointed account that receives
payments Party B pays to Party A. (Hereinafter referred to "Party A
Account"):

     

    Issuing
bank: China Merchants Bank Shanghai Siping Branch

     

    Account
name: CMB Financial Leasing Co.,Ltd.

     

    Bank
account: 121906597510606

     

    Prior
written notice shall be given to Party B within 30 working days in the event of
changes in bank account designated by Party A.

     

    Party A,
Party B and debit Bank will sign a "payment authorization agreement" as Appendix
Five of this contract.

     

    6.7           The
transfer date of the rent transferred from Party B’s Account is regarded as
Party B’s pay date.

     

    6.8           If
Party B pays rents, leasing commission, leasing bail and other account payable
in advance, it is treated as paid in payable date.

     

    Article
Seven The ownership and Exercise Right

     

    7.1           Within
the lease term, Party A is the only one who has the ownership towards leased
assets. And the Party A has the right to take approach on lease equipment in
ways that Party A deems appropriate to indicate that ownership of the leasing
equipment and rental relations, Party B has the obligation to maintain the
clearness and Completeness of marks of the leased equipments.

    
      
         

      

      
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    7.2           Within
the term of the contract, Party B shall guarantee the ownership and disposition
right Party A has on leased equipment, should not have the following acts which
harm to the ownership and disposition right Party A has on leased
equipment:

     

    (1)           Modify
or move lease equipment out of storage locations without obtaining the written
consent from Party A;

     

    (2)           Sublease
or otherwise dispose leased equipment without obtaining the written consent from
Party A;

     

    (3)           Sold
or transfer leased equipment to a third party;

     

    (4)           Set
up mortgage, pledge, lien right or other rights on leased equipment for third
party;

     

    (5)           Use
leased equipment as an investment or cooperation conditions to establish a
company or other organization;

     

    (6)           Use
leased equipment as security for proceeding or compensation for
debt;

     

    (7)           Other
actions that harm the rights of Party B.

     

    7.3           Within
the lease term, If Party B does not breach the contract; Party B should
guarantee the quiet possession of the leased equipment by Party A within the
lease period.

     

    Article
Eight The use, care and maintenance of leased equipment

     

    8.1           Party
B shall assume the obligation to maintain and repair the leased equipment to
keep in a good operational position, and bears the expenses.

     

    8.2           Party
B should legally, safely and appropriately use leased equipment within its
business scope in accordance with equipment’ design purposes, Operating manuals
and instructions, included but not limited to developing operation
specifications, equipped with professional operating personnel holding operating
certificates.

     

    8.3           Party
B should build maintenance relationship with manufacturers and service
providers, equip with professional maintenance organizations and personnel to
conduct routine maintenance, repair and care. Party B can not stop paying the
rent and other payments or terminate this contract for reason of occurrence of
dispute with manufacturers and service providers.

     

    8.4           During
the process of repair and maintenance to leased equipment by Party B, if the
major components of the leased equipment needs to be changed, Party B should
acquire a written approval from Party A, the replaced and added components,
devices and services on leased equipment due to repair and maintenance should
not involve any third party rights; for repair and maintenance purpose, the
replaced and added components, devices and services on leased equipment,
automatically become an integral part of the leased equipment, transferred to
Party A for free, the rent will not be adjusted thereby.

    
      
         

      

      
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    8.5           Party
B should bear all costs and taxes that caused by the leased equipment itself and
its setting, storage, use, maintenance, repair and maintenance.

     

    8.6           Within
the lease term, the leased equipments result in personal injury or property
damage, Party B should be responsible for compensation, and Party A does not
bear any liabilities.

     

    8.7           Within
the lease term, as for any actions of Party B that might damage the leased
asset, Party A owns the right to holdback and asks Party B to take all necessary
remedies measure, Party B must take such measure.

     

    8.8           Within
the lease term, if leased facility is out of possession of Party B not due to
Party A’s fault, Party B should claim its right actively for return the
facility. Whole expenses occurred due to claim right should be covered by Party
B; And Party B should continually pay the rent and other payments in full amount
on time.

     

    8.9           Within
the lease term, Party A reserves the right to check the status of leased
equipment at any time, Party B shall accept, support and cooperate with on-site
inspections of leased equipment carried out by project management personnel of
Party A, and shall provide record report on the use, maintenance, and care of
lease equipment as requested by Party A.

     

    Article
Nine The damage or destruction risk of the leased facility and
post-treatment

     

    9.1       
  As this project is a leaseback model, leased equipment is occupied
by Party B all along, and there is no actual delivery of leased equipment,
therefore damage or destruction risk of leased equipment shall be covered by
Party B.

     

    9.2           Once
the damage or destruction of leased asset occurs, Party B should inform Party A
immediately. Party A is able to choose one of the following methods. Party B is
in charge to deal with it and cover all expenses.

     

    9.2.1        Recover
or repair the leased equipment to normal condition for use;

     

    9.2.2        Replace
the alternatives that have the same condition with the leased
equipment.

     

    9.3           If
the damage or destruction degree of rental equipment is unrecoverable and
irreplaceable, Party A is entitled to terminate the contract in
advance.

     

    At this
point, Party B is should pay all due and outstanding rent and other payments,
after the above amount is paid, the ownership of the leased equipment was
transferred to the Party B.

    
      
         

      

      
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    9.4           In
the event of that damage or destruction of the leased property belongs to
insurance accident, it should be handled based upon provision 10 of the
contract. With regard to all other repairs that are not within the insurance
coverage or not the deductible amount prescribed by Insurance Provisions, Party
B shall be responsible to arrange for repairs and pay the resulting
costs.

     

    9.5           Even
the above mentioned situation happened, without written approval from Party A,
it has no influence on Party A receive rents and other payables according to the
contract stipulation and Party B assume other obligations according to the
agreement.

     

    Article
Ten Insurance

     

    10.1         From
the effective date of the contract, all the while with the insurance amount of
less than book value from the commerce date, Party B as insurance applicant,
shall insure all risks on leased facility taking Party A as the first
beneficiary and keep it valid during the contract term, with insurance charge
covered by Party B. Party B should provide original or photocopy of insurance
policies/insurance endorsement for Party A’s custody.  Insurance
company should be acknowledged by the Party A. Party B shall buy appropriate
insurance as required by national laws, policies or industry practices at its
own costs.

     

    Party B
should renew all of the above insurance within the 10 days before the expiration
of the insurance policies or insurance contract, and Party B should provide the
original version or copy of the renewal insurance policy / insurance endorsement
to Party A in time.

     

    If Party
B refuses to fulfill its obligations under the terms of the contract, Party A
has the right to insure or renew the insurance by himself. The expenses are
covered by Party B. Within three working days upon receipt of insurance expense
list, Party B should commit the corresponding payments to Party A Account. If
Party B does not pay the insurance fee in time or does not pay in full, Party A
is also entitled to collect the liquidated damages by deducting from the rent
and the deposit, which will not affect any other claims by Party A against Party
B.

     

    10.2         Once
the insurance events happened, Party B should inform Party A and insurance
company immediately on written notice to conduct inspection and claim, and
provide all the necessary documents and take all necessary measures to ensure
Party A receive insurance proceeds. In the event of the inspection and claim of
determining risks are bungled by Party B’s fault, Party B should be responsible
for claim from Party A.

     

    10.3         After
received insurance fund, Party A and Party B should negotiate and arrange the
collection and disposal of the insurance fund according to the following
principles.

    
      
         

      

      
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    10.3.1      If
total non-total loss occurred, Party B should use insurance fund to offset
expenses, , under the premise of that Party B does not have any default payments
to Party A, Party A authorizes Party B to get the insurance, Party B shall used
the collected insurance for repair of equipments and continue using them. The
contract continues to be performed.

     

    10.3.2      If
total loss occurred, the contract is terminated. Party B should use insurance
fund based on following order to offset expenses, liquidated damages,
compensation, due and undue rents that Party B owes to Party A. The remnant
quits insurance should be delivered from Party A to Party B. In case that the
remnant is not enough, Party B should make up for Party A.

     

    10.4         Payments
delay on insurance compensation can not be the reason that Party B should
postpone payments to Party A. Party B can not use insurance claim right to
offset any payables to Party A.

     

    10.5         If
due to Party B does not purchase insurance or an accident occurs outside the
scope of the insurance coverage, damage to or destruction of leasing equipment
resulted, action will be executed in accordance with Article nine of this
contract.

     

    Article
Eleven Guarantee

     

    11.1         Guarantee
mode under this contract is: Henan Zhongpin Food Share Co.,Ltd provide an
irrevocable joint guarantees for all debts of Party B under the
contract.

     

    11.2         Party
B has the obligation to actively assist the guarantor and Party A on the
No.【ZLDBZPSY0911100088】"guarantee
contract" they signed for purpose of specific guarantee issues of this
contract.

     

    Article
Twelve Disposal of leased equipment after expiration of the lease
term

     

    12.1         At
the expiration of leased period, the nominal price of rental facility charges
RMB1.00.

     

    12.2         When
rental period expires, Part B has paid all debts on time under the contract
(include but not limit to rents, nominal purchase price of leased property and
other payables, etc.), the ownership of leased property transfers to Party B.
Party B agreed to purchase leased equipment according to the status quo. Since
Party B possesses and uses leased equipment all along, Party A will not make any
statements and assurances on the performance and status of leased
equipment.

     

    Party A
should cooperate with Party B in handling the transfer procedures of ownership
of leased equipment, costs will be borne by the Party B.

    
      
         

      

      
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    Article
Thirteen The disposition under special circumstances

     

    13.1         In
case of that one of the following circumstances happened on Party B, Party A
owns the right to require Party B to provide appropriate guarantee within
specified period. If Party B can not provide guarantee within specified period,
Party B will be regarded as breach of contract under this contract.

     

    13.1.1      State
of operation is deteriorated seriously

     

    13.1.2      Transfer
property; withdraw the fund in order to avoid debt;

     

    13.1.3      Lose
business credit;

     

    13.1.4      Lose
or might lose the capability to fulfill debts.

     

    13.2         In
case of there are some adverse changes on Party A’s creditor’s rights under the
contract, informed by Party A, Party B should provide additional security that
satisfies Party A’s requirements. If Party B has not provided security within
reasonable period, Party B will be regarded as breach of the
contract.

     

    Article
Fourteen Notification and assistance

     

    14.1         Party
B should carry out the following notification and assistance
obligation

     

    (1)           Party
B should provide its quarterly financial report and annual auditing report to
Party A within 15 working days after these reports were completed.

     

    (2)           Party
B should bring forth the record reports on the use, maintenance and repair of
leased equipment to Party A within 15 days after the end of each fiscal year and
accept the investigation of the operational condition of Party B by Party
A.

     

    (3)           If
Party B changes registered capital, location, address, business scope or legal
representative that was registered in business management department, Party A
should be informed in written notice within seven working days after related
change happened.

     

    (4)           In
case of that Party B needs to conduct leasing, contracting operation,
joint-stock reform, pool, consolidation, merger, joint venture, separation,
capital reduction, changes in equity ownership, transfer of significant assets
and other behaviors that important enough to affect the realization of Party A’s
rights and interests. Party B should notify Party A at least thirty working days
in advance and obtain Party A’s written approval. Party A has the right to
require Party B to take more guarantee approach or pay all outstanding rents and
other payments immediately.

     

    (5)           If
events that are harmful to the normal operation of Party B or any other events
that might place a significantly adverse influence on fulfilling the rental
payment obligations under this contract happen, including but not limit to
significant economic dispute, litigation, bankruptcy, and financial
deterioration, Party B should inform Party A right away.

    
      
         

      

      
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    (6)           In
the event of that Party B go out of business, dissolve, shutout and remedy, or
business licenses revoked, Party B should inform Party A in written form within
five working days after the occurrence.

     

    (7)           On
the basis of project and contract management requirement, Party A can ask for
working assistance of other aspects from Party B. Party B should ratify on
that.

     

    (8)           Notification,
assistance and Confidentiality obligations of Party B under this
contract.

     

    14.2         Whereas
any notice given to Party B by the Party A under this contract, if it is through
fax or e-mail, once enters into the system of Party B, shall be deemed to have
been served; if notice is by post, after the seventh day of delivery, the
written notice will be deemed as served.

     

    Article Fifteen Liability
for breach of contract

     

    15.1         Liability
of Party A for breach of contract

     

    15.1.1      If
Party A fail to pay the specified transfer price in this contract to Party B,
causing the contract can not be performed and Party B’s damages, Party A shall
bear the liability

     

    15.1.2      If
as a result of Party A’s excuses, Party B can not exercise its ownership towards
the leased facility normally, Party A bears the liability for the loss of Party
B.

     

    15.2         Liability
of Party B for breach of contract

     

    15.2.1      If
Party B does not pay leasing commission or provide security based on the
contract, Party A can stop perform obligations under the contract for a while;
if within a month after the reminding from Party A, if Party B still does not
pay over or provide guarantee, Party A has the right to terminate the contract.
Party B shall be responsible for the loss caused by contract dissolution,
including but not limit to the anticipated interest loss.

     

    15.2.2      If
Party B fails to pay the matured payable rent, fees, rental deposits and other
payables specified in this contract, or fails to pay any fees paid on behalf of
Party B by Party A on schedule, Party B shall pay 5/10000 of overdue amounts on
a daily basis as liquidated damages to the Party A until the day of
payoff.

     

    15.2.3 
    If Party B breaks the notification and assistance duty
in article 14.1 of this contract, but not seriously enough to harm the credit
right of Party A, Party B should correct it within 5 days after getting the
notice from Party A and take remedy measurement. If Party B refuse to correct or
can not remedy, Party A has the right to request Party B pay  1/10000
of transfer price of leased equipment per ten days as liquidated damages to
Party A

    
      
         

      

      
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    15.2.4      Once
one of the following event occurs, Party B is regarded as fundamental breach of
contract

     

    (1)           Party
B fails to pay the rental for three terms in a row or six month cumulatively
complying with this contract;

     

    (2)           Party
B does not provide appropriate guarantee agreed in article 11 of this contract,
still not provide within one month after receiving the notice from Party
A;

     

    (3)           Party
B breaks the agreement in article 2.8, 6.1, 9.3 and 13 of this
contract;

     

    (4)           In
the event of that Party B has some actions detrimental to the ownership of
leased facility of Party A or the leased facility itself stated in Article 7.2
and 8.7 under the contract, Party B refuse to correct or can not remedy after
getting the notice from Party A;

     

    (5)           If
Party B breaks the notification and assistance duty in article 14.1 of this
contract, and harms the credit right of Party A seriously;

     

    (6)           Party
B goes out of business, dissolved, suspended business for
rectification   , business licenses revoked or become
bankrupted;

     

    (7)           Any
statements, promises or other written statements related to this contract and
its appendix that Party B gives to Party A are proved to be involving some
misstatement when they are made.

     

    (8)           Party
B fails to carry out or comply with this contract or other promises or
obligations in related agreement, has not taken any remedies within 30 days
after receiving the written notice from Party A.

     

    15.2.5     Within
the effective term of this contract, Party B clearly expressed to Party A of
that it will not carried out this contract without reasonable excuses, or Party
A has conclusive evidence to prove that Party B will not perform or cannot
perform the contract when the  contract date comes, while the B has
failed to additionally provide necessary performance guarantee or provided
supplementary performance guarantee is not sufficient enough to ensure the
fulfillment of this contract, then it is regarded as anticipatory breach of
contract by Party B.

     

    Article
Sixteen Remedies for Breach of Contract

     

    16.1       
If Party B is considered as anticipatory breach of contract or a fundamental
breach of contract, Party A not only has the right to request Party B to be
responsibility for breach of contract and compensate for the losses in
accordance with this contract, but also has the right to take one or more of the
following remedies:

     

    (1)           terminate
this contract before the due date, recourse from Party B all overdue rental
payments, penalty, damages, all outstanding rents and other payables that Party
B should pay under this contract;

     

    (2)           terminate
this contract before the due date, retrieve or prohibit the use of leased
equipment by Party B without going through the judicial process, and request
Party B to compensate for all resulting losses;

    
      
         

      

      
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    (3)           force
Party B to fulfill this contract through legal procedings, and request Party B
to compensate Party A all losses and expenses resulting from the breach of
contract (including legal fees, arbitration fees, lawyer fees and all other
costs that occur due to cleanning up, etc.);

     

    (4)           take
other lawful remedies.

     

    Such
above measures taken by Party A will not affect other lawful rights of Party A
under this contract, and will not affect other obligations borne by Party B
under this contract in accordance with law.

     

    16.2         Party
A gets back leasing of equipment based on article 16.1, methods including but
not limited to:

     

    (1)           take
measures to make leased equipment dysfunctional;

     

    (2)           require
Party B to deliver well-leased equipment to Party A in accordance with
designated time and place, the resulting costs shall be borne by Party
B;

     

    (3)           Party
A or its agents directly enter into the location of leased equipment,
immediately possess and transfer leased equipment, the resulting costs shall be
borne by Party B. Party B has no right to demand Party A to compensate losses
caused to itself and any third party due to the transfer or retrieval of leased
equipment;

     

    (4)           after
retracting leased equipment, Party A does no need to renovate or repair leased
equipment, can dispose them directly, designate rating agencies by itself, use
evaluated price as the value of the leased equipment, or directly sell leased
equipment in accordance with the status of it when retracted, sale target could
be any legal or natural person who needs leased equipment, sales proceeds will
be regarded as the value of leased equipment. Party A agrees and confirms the
above-mentioned lease equipment handling methods and resulting proceeds of Party
B.

     

    16.3         For
the proceeds from disposal of leased equipment, Party A is entitled to pay in
following order:

     

    (1)           due
to the full cost arising from the retrieval, transfer, storage, repair, handling
of leased equipment or the implementation of this contract by Party A (including
attorneys fees, taxes, etc.);

     

    (2)           all
penalty, overdue rents, outstanding rents and any loss suffered by Party A shall
be paid by Party B;

     

    (3) any
other unpaid amounts.

     

    If
proceeds from the disposal are not enough to compensate for the deficient
amount, Party B shall compensate for such deficient amount. If there are
proceeds left, it belongs to Party B.

    
      
         

      

      
        Ex.10-5 -
16

        
          

        

      

      
         

      

    

    
       

      
        
          	
                  

                	
                  融资租赁合同(回租)

                

        

      

       

    

    Article
Seventeen Confidential item

     

    Both
parties promise to keep relevant business privacy under the contract, if one
party fails to fulfill confidentiality obligations resulting in the disclosure
of the contents of this contract, once the breaching party receives written
request from non-breaching party, should immediately stop any action that
violates the contractual obligations, and eliminate any resulting adverse
effects by all means. Otherwise, the non-breaching party has right to take all
reasonable means to eliminate these effects, the defaulting party shall
compensate the entire losses caused to the opposite party, and bear all arising
costs.

     

    Article
Eighteen The validation, alteration, supplement of the contract and transfer of
contractual rights

     

    18.1         The
contract becomes effective once the legal representatives or authorized persons
of both Parties seal and sign the contract. The term of this contract starts
from the effective date of this contract to the end of Party B fulfills all its
obligations under this contract.

     

    18.2         Once
the contract becomes effective, besides specified in this contract, neither side
can make an unauthorized change. If both parties need to modify certain items
under the contract or make a complement on unsettled issues, another complement
agreement should be made. The supplement agreement constitutes a part of this
contract.

     

    18.3         During
the term of contract, Party A is entitled to transfer all or part of its rights
under the contract to third party on the condition of that no damage to any
contractual rights of Party B. Once such transfer occurs, Party A should notify
Party B in written form for the relevant transfer within fifteen working days
after the contract is concluded.

     

    Article
Nineteen Governing Law and Disputes Resolution

     

    19.1         This
contract is governed and interpreted by PRC laws.

     

    19.2         Any
dispute caused by or related to this contract, both sides agreed to submit to
the China International Economic and Trade Arbitration Commission Shanghai
Branch, and will arbitrate the dispute in accordance with the existing
arbitration rules when submitting arbitration application. Arbitration award is
taken as final and binding on both parties.

     

    Article
Twenty Appendixes to contract

     

    The
appendixes are an integral part of the contract, and have the same legal effect
as this contract.

     

    Appendix
One Leaseback Equipment List

     

    Appendix
Two Rental Payment Schedule

     

    Appendix
Three Rental Payment Table

    
      
         

      

      
        Ex.10-5 -
17

        
          

        

      

      
         

      

    

     

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    Appendix
Four Rent Adjustment Notice

     

    Appendix
Five Payment Authorization Agreement

     

    Article
Twenty-one Supplementary provisions

     

    This
contract shall be executed in four counterparts, each of Party A and Party B
shall hold two counterparts, all of which shall have the same legal
effect.

     

    The
remainder of this page is intentionally left blank

    
      
         

      

      
        Ex.10-5 -
18

        
          

        

      

      
         

      

    

     

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    Party A:
CMB Financial Leasing Co., Ltd.

     

    (common
seal)

     

    Legal
Representative/authorized representative:

     

    (signature)
/s/ Zhu Xi

     

    Date:
November 20, 2009

     

    Party B:
Luoyang Zhongpin Food Co., Ltd.

     

    (common
seal)

     

    Legal
Representative/authorized representative:

     

    (signature)
/s/ Zhu Xiaowei

     

    Date:
November 18, 2009

    
      
         

      

      
        Ex.10-5 -
19

        
          

        

      

      
         

      

    

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    Appendix
One: Leaseback Equipments List

     

    Leaseback
equipment list includes production equipments in Luoyang pork slaughtering and splitting
production line and Luoyang No.1-3 refrigeration plant and cold
storages

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      	
                                                                                               No.

                                                                                            	 	
                                                                                              Name

                                                                                            	 	
                                                                                              Type

                                                                                            	 	
                                                                                              Quantity

                                                                                            	 	
                                                                                              Original Value

                                                                                            	 	
                                                                                              Net Value

                                                                                            	 	
                                                                                              Service Life 

                                                                                            	 	
                                                                                              Economic

                                                                                              Life

                                                                                            	 	
                                                                                              Producer

                                                                                            	 	
                                                                                              Location

                                                                                            
	
                                                                                              I.
      production equipments in Luoyang pork slaughtering and splitting
      production line

                                                                                            
	
                                                                                              1

                                                                                            	 	
                                                                                              Split
      lines

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              1

                                                                                            	 	
                                                                                              16,625,169.50

                                                                                            	 	
                                                                                              15,013,020.83

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Luoyang
      Zhongpin food share co.ltd (Hereinafter referred to
  onsite)

                                                                                            
	
                                                                                              2

                                                                                            	 	
                                                                                              Slaughtering
      equipment and steel beam production

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              1

                                                                                            	 	
                                                                                              7,560,000.00

                                                                                            	 	
                                                                                              6,826,679.99

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Jining
      Xinglong Food Machine Manufacturing Co.,

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              3

                                                                                            	 	
                                                                                              Main
      cable installation

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              1

                                                                                            	 	
                                                                                              1,450,000.00

                                                                                            	 	
                                                                                              1,309,350.01

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              4

                                                                                            	 	
                                                                                              High and low-voltage
      switchgear

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              1

                                                                                            	 	
                                                                                              1,100,000.00

                                                                                            	 	
                                                                                              993,299.99

                                                                                            	 	
                                                                                              2008年7月2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Henan
      Power Electric Co., Ltd.

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              II.
      production equipments in Luoyang No.1-3 refrigeration plant and cold
      storages

                                                                                            
	
                                                                                              5

                                                                                            	 	
                                                                                              Refrigeration,
      air-conditioning system installation

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              1

                                                                                            	 	
                                                                                              13,600,000.00

                                                                                            	 	
                                                                                              12,280,799.99

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Yantai
      Moon Co., Ltd.

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              6

                                                                                            	 	
                                                                                              Liquid
      ammonia screw chillers (including the control cabinet)

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              3

                                                                                            	 	
                                                                                              1,374,000.00

                                                                                            	 	
                                                                                              1,240,722.00

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              7

                                                                                            	 	
                                                                                              Hanging-type
      cooling fan

                                                                                            	 	
                                                                                              DKLD-400

                                                                                            	 	
                                                                                              17

                                                                                            	 	
                                                                                              1,275,000.00

                                                                                            	 	
                                                                                              1,151,325.00

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Luoyang
      Long Hua Refrigeration Equipment Co., Ltd.

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              8

                                                                                            	 	
                                                                                              Hanging-type
      cooling fan

                                                                                            	 	
                                                                                              DKLJ-350

                                                                                            	 	
                                                                                              20

                                                                                            	 	
                                                                                              1,160,000.00

                                                                                            	 	
                                                                                              1,047,479.99

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Long
      Hua Luoyang Refrigeration Equipment Co., Ltd.

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              9

                                                                                            	 	
                                                                                              Cold
      polyurethane foam insulation

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              1

                                                                                            	 	
                                                                                              930,000.00

                                                                                            	 	
                                                                                              899,930.01

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              10

                                                                                            	 	
                                                                                              Liquid
      ammonia screw chillers (including 2 control cabinets)

                                                                                            	 	
                                                                                              GA22P-10

                                                                                            	 	
                                                                                              2

                                                                                            	 	
                                                                                              916,000.00

                                                                                            	 	
                                                                                              827,148.02

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Henan
      Province, Guoxin Electrical Complete Equipment Co., Ltd.

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              11

                                                                                            	 	
                                                                                              Liquid
      ammonia screw chillers (including 2 control cabinets)

                                                                                            	 	
                                                                                              GA22P-10

                                                                                            	 	
                                                                                              2

                                                                                            	 	
                                                                                              916,000.00

                                                                                            	 	
                                                                                              827,148.02

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Henan
      Province, Guoxin Electrical Complete Equipment Co., Ltd.

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              12

                                                                                            	 	
                                                                                              Liquid
      ammonia screw chillers (including 2 control cabinets)

                                                                                            	 	
                                                                                              GA22P-10

                                                                                            	 	
                                                                                              2

                                                                                            	 	
                                                                                              916,000.00

                                                                                            	 	
                                                                                              827,148.02

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Henan
      Province, Guoxin Electrical Complete Equipment Co., Ltd.

                                                                                            	 	 
      
	
                                                                                              13

                                                                                            	 	
                                                                                              Ground
      extruded insulation board

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              1

                                                                                            	 	
                                                                                              541,200.00

                                                                                            	 	
                                                                                              523,701.22

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              14

                                                                                            	 	
                                                                                              Hanging-type
      cooling fan

                                                                                            	 	
                                                                                              DL-250

                                                                                            	 	
                                                                                              10

                                                                                            	 	
                                                                                              520,000.00

                                                                                            	 	
                                                                                              469,560.03

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Long
      Hua Luoyang Refrigeration Equipment Co., Ltd.

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                              15

                                                                                            	 	
                                                                                              Liquid
      ammonia screw chillers (including 1 control cabinets)

                                                                                            	 	
                                                                                              GA22P-10

                                                                                            	 	
                                                                                              1

                                                                                            	 	
                                                                                              458,000.00

                                                                                            	 	
                                                                                              413,573.96

                                                                                            	 	
                                                                                              2008.7

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              Henan
      Province, Guoxin Electrical Complete Equipment Co., Ltd.

                                                                                            	 	
                                                                                              onsite

                                                                                            
	
                                                                                               

                                                                                            	 	
                                                                                              Total

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                              49,341,369.50

                                                                                            	 	
                                                                                              44,650,887.08

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            	 	
                                                                                               

                                                                                            

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    Party A:
CMB Financial Leasing Co., Ltd. (common seal)

     

    Party B:
Luoyang Zhongpin Food Co., Ltd (common seal)

    
      
         

      

      
        Ex.10-5 -
20

        
          

        

      

      
         

      

    

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    Appendix
Two

     

    Rental
Payment Schedule

    
       

      
        	
                currency: RMB
      unit:
      Yuan

              
	
                Purchase
      price

              	
                (RMB30,000,000.00)

              
	
                lease
      commence date

              	
                payment
      date for the purchase price of leased equipment

              
	
                Rental
      term

              	
                three
      year

              
	
                Interest

              	
                9%
      less than benchmark rate

              	
                Nominal
      price of rental

                equipment

              	
                (RMB
      1.00)

                RMB
      1.00

              
	
                commission
      charge

              	
                (RMB450,000.00)

              
	
                Interest Rate of Deposits:
      No。

              	
                Deposits:
      (RMB2,400,000.00)

              

      

      
        
          
            
              
                
                  
                    	
                            Rents
      phase

                          	 
      	
                            Due
      rental payments per period

                          	 
      	
                            Remark

                          
	
                            Initial

                          	 
      	
                            0

                          	 
      	
                            first
      rental payment

                          
	
                            First
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Second
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Third
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Forth
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Fifth
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Sixth
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Seventh
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Eighth
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Ninth
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Tenth
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Eleventh
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	 
      
	
                            Twelfth
      installment

                          	 
      	
                            RMB2,704,098.44

                          	 
      	
                            Deposits
      offset rents

                          
	
                            Total
      rents

                          	
                              

                          	
                            RMB32,449,181.28

                          	
                              

                          	 
      

                  

                

              

            

          

        

      

       

      Party A:
CMB Financial Leasing Co., Ltd. (common
seal)

    

     

    Party B:
Luoyang Zhongpin Food Co., Ltd. (common seal)

    
      
         

      

      
        Ex.10-5 -
21

        
          

        

      

      
         

      

    

     

    
      
        	
                

              	
                融资租赁合同(回租)

              

      

    

     

    Appendix
Four

     

    Rents
Adjustment Notice

     

    According
to the adjusted benchmark interest rates for loans by CMB on date of _______,
lessor should, based on the provisions listed in article 6.3 of No.___ Financial
Leasing Agreement, adjust all rental payments from the ___installments as
following, the lessee is requested to pay lessor rents according to the adjusted
rental payments presented in the following table:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Number
      of

                                    installment

                                  	 	
                                    Payment
      date

                                  	 	
                                    Pre-adjusted
      rent

                                  	 	
                                    Adjusted
      rent

                                  
	
                                    ___Installment

                                  	 	 
      	 	 
      	 	 
      
	
                                    ____installment

                                  	 	 
      	 	 
      	 	 
      
	
                                    ...

                                  	 	 
      	 	 
      	 	 
      
	
                                    Lessor:
      CMB Financial Leasing Co., Ltd.

                                    (common
      seal)

                                    Date:

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        Ex.10-5 -
22

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