Henan Zhongpin Food Share Co., Ltd. Assets Leasing AgreementAssets Leasing Agreement • December 31st, 2008 • Zhongpin Inc. • Meat packing plants
Both Party A and Party B signed an asset lease agreement on December 30, 2008. Both Parties have completed the related stipulations contained in the letter of intent. Party A held a general meeting of shareholders on December 21, 2008 agreeing to lease out the assets to Party B according to the agreement; Party B held a meeting of the board of directors on December 21, 2008, and agreed to lease the assets of Party A. In order to utilize the production capacity of Party A’s equipment to maximize the economic benefit for both parties and gain a win-win situation, under the principles of honesty and trust, equality and mutual benefit, and by friendly consultations, Party A and Party B agree to enter into an agreement and carry it out as follows according to the corresponding laws and regulations stated in “The Economic Contract Law of the People's Republic of China”:
