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Page 1 CONFORMED COPY LOAN NUMBER 4309 CHA Project Agreement (State Farms Commercialization Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and CHINA TRUST AND INVESTMENT CORPORATION FOR ECONOMIC DEVELOPMENT Dated June 12, 1998 LOAN NUMBER 4309 CHA PROJECT AGREEMENT AGREEMENT, dated June 12, 1998, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and CHINA TRUST AND INVESTMENT CORPORATION FOR ECONOMIC DEVELOPMENT (CTICED). WHEREAS (A) by the Loan Agreement of even date herewith between People