The Contract of Termination
Exhibit 10.7
Party A:
Harbin Hainan Kangda Cactus Hygienical Food Co., Ltd.
Party B: Dalian River Planting Base
Under the principle of mutual support, mutual benefit and common development, Party A and Party B have entered into the following agreement:
1. Part B provide 35 Mu farming land to Part A for the Cactus planting and development. The lease period is 5 years.
2. It has a high cost of cactus planting as it has a long distance from Part A to Part B, Part A decide to terminate the lease contract with Part B, Part A will pay the rent until at the end of 2005.
3. Due to Party A relieve the contract ahead of schedule; Party A will transfer greenhouse and related appurtenances to Party B at preferential price. The specific transfer agreement will be arranged within another day.
Party A: Harbin Hainan Kangda Cactus Hygienical Food Co., Ltd.
Authorized Representative (Sealed): Jinjiang Wang
Party B: Dalian River Planting Base
Authorized Representative (Sealed): Xxxx Xxxx
January 5, 2006
