Ginseng Planting Agreement
Ginseng
Planting Agreement
Party A:
Yanbian Huaxing Ginseng Planting Co. Ltd.
Party B:
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1.
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Managing
planting area 85,240 square meter
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2.
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Contracting
period is three years (from April 1, 2010 to December 31,
2012)
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3.
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Party
A provides planting land, seeds and seedlings with a
fee. Contracting fee for every square meter is 10 RMB, seeds
and seedling is based on the current market price. Based on the
planting area, party A shall pay Party B land management fee 0 XXX per
square meter every year
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4.
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Party
B produces 2 kg fresh ginseng for every square meter; Party A pays for
ginseng harvest based on the market price. Party A pays Party B
00 XXX per kilo for any excess quantities above 2kg/square
meter.
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5.
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Party
B agrees to follow party A’s production standard in pest control;
fertilizer, field management and 90% survival rate of returning
the ginseng land to forest after
harvest.
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6.
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If
during the contract terms, should any incontrollable natural disasters
such as storm, hail or flood occur, the loss will be born by Party A,
other manmade loss shall also be born by Party
A.
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7.
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The
ownership of planting right is part of party A’s liquid assets, party B
can not change crop items without Party A’s prior
approval. After the contract is expired, the planting right is
still owned by party A.
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8.
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Land
management fee and fresh ginseng harvest reimbursement to party B will be
calculated every year. And the land using cost and seeds/seedling charges
will be deducted from the total
payment.
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9.
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If
any items not being covered in the agreement, both parties can negotiate
the terms. This contract is executed in two copies, each party
keeps one copy.
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Party
A: Yanbian Huaxing Ginseng Planting Co., Ltd.
Party
B:
Date:
April 1, 2010
