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Monday, 11/09/2009 11:46:41 PM

Monday, November 09, 2009 11:46:41 PM

Post# of 18
7. DEPOSITS ON LAND AND EQUIPMENT

As of March 31, 2009, Mega Profit Agriculture made a total down payment of RMB 84,830,400 (approximately US$12,413,666) to acquire land, buildings and equipment from various parties. The remaining contract amount totals RMB 63,805,485 (approximately US$9,336,983). As of March 31, 2009, Harbin Rodobo also made down payment of $1,024,346 to purchase certain equipment.


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