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Page 1 CONFORMED COPY LOAN NUMBER 4815-CHA Project Agreement (Heilongjiang Dairy Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and HEILONGJIANG PROVINCE Dated April 26, 2006 Page 2 2 Page 3 LOAN NUMBER 4815-CHA ITALIAN GRANT NUMBER TF 053533 PROJECT AGREEMENT AGREEMENT dated April 26, 2006, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and HEILONGJIANG PROVINCE (Heilongjiang). WHEREAS (A) by the Loan Agreement of even date herewith between PEOPLE