AGRICULTURAL GROUND LEASE
THIS AGRICULTURAL GROUND LEASE (“ Lease ”) is made and entered into as of May 17, 2007
(the “ Effective Date ”) by and between Lyle Rader, Sue Rader, Brad Rader and Julie Newell (formerly known
as Julie Rader) (collectively, “ Lessor ”), and RADER FARMS ACQUISITION CORP., a Delaware
corporation (“ Lessee ”).
A. Lessor is the owner of that certain real property located in Whatcom County, Washington,
consisting of approximately 696 acres, more or less, as more particularly described on Exhibit ”A” attached
hereto and incorporated herein by this reference (the “ Property ”).
B. Lessee desires to lease the Property from Lessor and subject to the terms and conditions set
forth below, to manage and conduct farming operations on the Property.
C. Lessor is willing to lease the Property to Lessee, subject to the terms and conditions set forth
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby agree as follows:
1. Leased Premises . Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor,
upon the terms and conditions set forth in this Lease, the approximately 696 acres of real property described in
Exhibit ”A” , together with all improvements and structures thereon and all appurtenant rights thereto, including,
without limitation, wells, pumps, motors, electrical panels, electrical hookups, water discharge facilities, pipelines,
irrigation systems, easements, rights-of-way for ingress and egress, licenses and water rights and privileges
(collectively, the “ Premises ”).
2. Term . The term of this Lease shall commence on the Effective Date, and end ten (10) years
thereafter (the “ Lease Term ”).
3. Rent .
3.1 Commencement of Rent Payments . As and for rental of the Premises, Lessee shall
pay to Lessor annual rent (the “ Rent ”) in the amoun