Land Use and Similar Agreements
There is no private ownership of land in the PRC. Land is owned by the government and the government grants land use rights for specified terms. Therefore, we have entered into several long-term agreements to use land and/or cultivate yew trees on such land, as summarized in the following table:
|
Date of Agreement
|
Transferor
(Lessor)
|
Location
|
Land Use Area
|
Term
|
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|
March 21, 2004
|
Wuchang City
Forestry Bureau
|
Wuchang City
|
1,000,000 mu
|
30 years
|
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|
March 22, 2004
|
Chengshan Niu
|
Beichuan Village,
Pingshan Town
|
125 mu
|
50 years
|
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|
April 4, 2004
|
Pingshan Town
Government
(Beichuan Village
Committee)
|
Beichuan Village,
Pingshan Town
|
400 mu(1)
|
50 years
|
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|
March 25, 2005
|
ZTC
|
Lalin Town,
Wuchang City
|
361 mu
|
30 years
|
||||
|
January 18, 2008
|
Shukun Jiang and
Shubao Jiang
|
Pinshan Dalazi
Mountain
|
290 mu
|
50 years
|
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|
March 4, 2010
|
Heilongjiang
Pingshan Yew
Comprehensive
Development Co., Ltd.
|
Pingfangdian,
Wuchang City
|
15,865 mu
|
45 years
|
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|
July 18, 2012
|
Huazhong Liu
|
Beizhao Village,
Hongxing Town,
A’cheng District
|
117.5 mu(2)
|
16 years
|
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|
Nov. 15, 2013
|
Heilongjiang Zishan, Gufen Limited, Co.
|
Wuchang Pingfangdian, Forestry Centre, Helongjiang Provence
|
2,565 mu
|
38 years
|
|
(1)
|
This agreement provides for 400 mu, which is the total usable area subject to the agreement. A survey completed after the agreement was entered into concluded that a total of 955 mu is covered by the agreement, to which revised amount the parties have agreed.
|
|
(2)
|
This agreement provides for 117.5 mu. A survey completed after the agreement was entered into concluded that a total of 148 mu is covered by the agreement, to which revised amount the parties have agreed.
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