Supplementary Agreement to Farmland Lease between Duncha Village Group and Hainan Zhongchen Biological Engineering Co., Ltd.

Contract Categories: Real Estate Lease Agreements
Summary

This supplementary agreement is between Duncha Village Group (the lessor) and Hainan Zhongchen Biological Engineering Co., Ltd. (the lessee). It modifies the original 2013 farmland lease for 800 mu in Hainan Province by extending the deadline for the lessee to pay the remaining rent due to operational difficulties caused by a typhoon. The new payment deadline is December 31, 2019, and the lessor agrees not to reclaim the land or seek compensation for the delayed payment. All other terms of the original lease remain in effect.

EX-10.14 18 cnjg_ex1014.htm FARMLAND LEASE AGREEMENT cnjg_ex1014.htm

  EXHIBIT 10.14

 

English translation

 

Supplementary Agreement to Farmland Lease Agreement

 

Lessor: Duncha Village Group of Duncha Village Committee, Fushan Town, Cengmai County (Party A)

 

Lessee: Hainan Zhongchen Biological Engineering Co., Ltd. (Party B)

 

Based on the Farmland Lease Agreement signed on June 18, 2013 between Party A and Party B, after the negotiation between both parties, the following supplementary agreements are reached.

 

1. According to the Farmland Lease Agreement between Party A and Party B, Party A agreed to rent the 800mu farmland located at Longgou Mountain, Duncha Village Committee, Fushan Town, Cengmai County, Hainan Province to Party B. The lease term is from December 8, 2013 to December 8, 2043. Total 30 years rent is RMB7.2 million. This rent should be fully paid by Party B before June 30, 2014.

 

2. Since Party B encountered operation difficulties due to the typhoon in 2014, Party B only paid RMB1,965,200 by the end of 2014. Through negotiation between both parties, Party A agreed Party B to postpone its payment of remaining rent of RMB5,234,800 to December 31, 2019, and Party A pledges that it will not take back the land or ask for compensation from Party B due to the delay of payment.

 

3. Both parties confirm that except for the payment date, the Farmland Lease Agreement signed on June 18, 2013 still has legal effect. That is to say, Party B still has the lease right of the 800mu farmland at Longgou Mountain for 30 years. Without Party B’s permit, Party A cannot rent the land to any other third party.

 

 

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4. Other matters related to this agreement should be dealt with through negotiation.

 

5. This agreement is done in duplicate, and each party should have one copy.

 

Party A (seal)

 

Party B (seal)

 

 

 

Legal representative

 

Legal representative

 

 

 

Date: November 7, 2018

 

 

 

 

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