Extracted of Farmland Undertake agreement

Extracted of Farmland

Undertake agreement

Party A: The local government of Shidui Village Party B: Weifang Xinsheng Food Co., Ltd

·   Party B is agreed to undertake a total of 5,000 acres of farmland situated within Shidui Village, Anqiu City, Shandong province for a period of 14 years starting from January 1, 2009 to December 31, 2023;

·   Party B is agreed to prepay an annual undertaking fee of RMB600 per acre to the local ▇▇▇▇▇▇. The total amount is RMB 3million. This amount is deducible upon purchase of agriculture product from these farmers;

·   Party B shall pay the undertaking fee on or before January 31, 2009;

·   Party B is responsible for all seeds and related facilities for farming;