012-Exclusive Call Option Contract 20130313


 





 


Exhibit 4.33


 


English Translation for Reference


 


Exclusive
Call Option Contract


 


This Exclusive Call Option Contract
(hereinafter referred to as “this Contract”) is made on March 13, 2013 in Shenzhen:


 


by
and among:


 


Party A: Agria
Brother Biotech (Shenzhen) Co., Ltd.


Address: Unit
201, 2/F, Longyuan Building, Clear Water River Road, Luohu District, Shenzhen


 


Party B: Lai
Fulin, a citizen of the PRC with ID card number: [Redacted]


 


Party C: Shenzhen PGW Seeds Co., Ltd. (formerly
known as Shenzhen Zhongyuan Agriculture Co., Ltd).


Address:
Room 705, Building No. 9, Costal Plaza, Hai Fu Community, Xin An Street, No. 49 Bao An District, Shenzhen.


 


Whereas:


 


		1.	Party A is a wholly foreign-owned enterprise incorporated in Shenzhen under the laws of the People’s
Republic of China (hereinafter referred to as the “PRC”, and for the purpose of this Contract, excluding the
Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan);



 


		2.	Party B is a citizen of the PRC, who holds 5% equity interest of Shenzhen PGW Seeds Co., Ltd. (“PGW
Seeds”);



 


		3.	PGW Seeds is a limited liability company established in Shenzhen under the laws of the PRC;



 


		4.	Party B intends to grant to Party A an exclusive call option so that Party A may request Party
B to sell Party B’s equity interest to Party A upon certain conditions are satisfied.



 


Now,
therefore, it is agreed as follows after mutual consultation:


 


Chapter
1     Sale and Purchase of Equity Interest


 


		1.1	Grant of Option



 


Party B hereby irrevocably grants
to Party A an option to purchase or designate any person or persons (hereinafter referred to as the “Designated Person”)
to purchase from Party B all or part of Party B’s equity interest in PGW Seeds at any time according to the steps for exercise
of the call option as determined by Party A at its sole discretion to the extent permitted by the PRC laws and at the price specified
in Article 1.3 hereof (hereinafter referred to as the “Call Option”). Except for Party A and/or the Designated
Person, Party B shall not sell, offer to sell, transfer, offer as gift nor pledge any equity interest of PGW Seeds to any other
third parties. PGW Seeds hereby agrees to the grant of the Call Option by Party B to Party A and/or the Designated Person. The
term “person” specified in this Article and this Contract shall include individuals, corporations, joint ventures,
partnerships, enterprises, trusts or non-corporate bodies.


 




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		1.2	Steps for Exercise of the Call Option



 


Subject to the provisions of
the PRC laws and regulations, Party A and/or the Designated Person may exercise the Call Option by giving written notice to Party
B (hereinafter referred to as the “Equity Purchase Notice”) and specifying the portion of equity interest to
be purchased from Party B (hereinafter referred to as the “Purchased Equity”) and the manner in which the purchase
is made.


 


		1.3	Purchase Price



 


		1.3.1	When Party A exercises its Call Option, unless an appraisal is required to be made in respect of
the equity interest by applicable PRC laws and regulations then in effect or there are other restrictions imposed by such PRC laws
and regulations on the price of equity interest, the purchase price payable by Party A to Party B in respect of all of the equity
interest (hereinafter referred to as the “Purchase Price”) shall be RMB One (1). Party A shall also release
the obligation of Party B to make repayment under the Loan Contract dated March 13, 2013 between Party A and Party B.



 


		1.3.2	If an appraisal is required to be made in respect of the equity interest by the PRC laws and regulations
that are applicable at the time when Party A exercises its Call Option or there are other restrictions imposed by such PRC laws
and regulations on the price of equity interest, the parties agree that the Purchase Price shall the minimum price permitted by
applicable laws.



 


		1.3.3	If Party A chooses to purchase part of the equity interest, the exercise price of the Call Option
shall be adjusted according the ratio of the Purchased Equity to the whole equity interests of PGW Seeds.



 


		1.4	Transfer of the Purchased Equity



 


For each exercise of the Call
Option:


 


		1.4.1	Party B shall cause PGW Seeds to hold a shareholders’ meeting in a timely manner, during
which a resolution approving the transfer of equity interest by Party B to Party A and/or the Designated Person shall be passed
and Party B shall procure other shareholders to give up their right of first refusal in respect of the Purchased Equity in writing;



 


		1.4.2	Party B shall sign an equity transfer contract in relation to each transfer with Party A and/or
the Designated Person (as applicable) in accordance with the requirements of this Contract and the Equity Purchase Notice in connection
with the Purchased Equity;



 


		1.4.3	The relevant parties shall execute all other necessary contracts, agreements or documents, obtain
all necessary government approvals and consents, and take all necessary actions to grant the valid ownership of the Purchased Equity
to Party A and/or the Designated Person without any security interest being attached thereto and procure Party A and/or the Designated
Person to become the legal owner of the Purchased Equity. For the purpose of this Article and this Contract, “security interest”
shall include guarantees, mortgages, pledges, third parties’ rights or interests, any share options, acquisition rights,
right of first refusal, right to offset, ownership retention or other security arrangements but exclude any security interest arising
from the Equity Pledge Contract dated March 13, 2013 by and among Party A, Party B and PGW Seeds (hereinafter referred to
as the “Equity Pledge Contract”).



 




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		1.5	Payment



 


The payment method of the Purchase
Price or the exercise price of the Call Option shall be determined by Party A and/or the Designated Person and Party B through
negotiation in accordance with the laws applicable at the time when the Call Option is exercised.


 


Chapter
2     Undertakings Relating to Equity Interest


 


		2.1	Joint undertakings relating to PGW Seeds



 


Party B and Party C hereby jointly
undertake as follows:


 


		2.1.1	Without the prior written consent of Party A, they shall not in any manner supplement, change or
amend the articles of association of PGW Seeds, increase or decrease its registered capital, or otherwise change the structure
of its registered capital;



 


		2.1.2	PGW Seeds shall maintain its corporate existence in accordance with good financial and business
standards and practices by operating its business and handling its affairs in a prudent and efficient manner; it shall make its
best endeavour to ensure that PGW Seeds continues to own all permits, licenses and approvals that are necessary for its operation
and that such permits, licenses and approvals will not be cancelled; it shall make its best endeavour to keep the current organizational
structure and the senior management of the company unchanged, and to maintain the relationship with its customers so as to guarantee
that there will not be any material adverse effect on the goodwill and operation of PGW Seeds after the delivery of equity interest
as agreed;



 


		2.1.3	Without the prior written consent of Party A, PGW Seeds shall not, at any time after the date hereof,
sell, transfer, mortgage or otherwise dispose of the legal or beneficial interest in any assets, businesses or revenues of PGW
Seeds, nor allow any other security interest to be created thereon;



 


		2.1.4	Without the prior written consent of Party A, PGW Seeds shall not incur, inherit, guarantee or
allow the existence of any debt, except for (i) debts incurred in the normal or ordinary course of business other than through
loans; and (ii) debts disclosed to Party A for which Party A’s written consent has been obtained;



 


		2.1.5	PGW Seeds shall always operate all of its businesses during the ordinary course of business to
maintain its asset value, and shall refrain from any action/omission that may affect its business operation and asset value;



 


		2.1.6	Without the prior written consent of Party A, PGW Seeds shall not enter into any material contract,
except for those contracts that are entered into in the ordinary course of business (for the purpose of this paragraph, a contract
with a value exceeding RMB One Million (1,000,000) shall be deemed as a material contract);



 


		2.1.7	Without the prior written consent of Party A, PGW Seeds shall not provide any loan or credit to
any person;



 


		2.1.8	PGW Seeds shall, at the request of Party A, provide it with information relating to the business
operation and financial condition of PGW Seeds;



 




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		2.1.9	PGW Seeds shall purchase and maintain insurance from an insurance company recognized by Party A.
The coverage and type of insurance shall be the same as those of the insurance typically purchased by other companies that operate
businesses similar to PGW Seeds in the same region and possess property or assets similar to PGW Seeds;



 


		2.10	Without the prior written consent of Party A, PGW Seeds shall not merge or consolidate with, or
acquire or invest in any person;



 


		2.1.11	PGW Seeds shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
arbitration or administrative proceedings relating to PGW Seeds’ assets, businesses and revenues;



 


		2.1.12	To maintain the ownership by PGW Seeds of all of its assets, it shall execute all necessary or
appropriate documents, take all necessary or appropriate actions and make all necessary or appropriate claims or raise necessary
and appropriate defenses against all claims;



 


		2.1.13	Without the prior written consent of Party A, PGW Seeds shall not in any manner distribute dividends
to its shareholders, provided that upon Party A’s request, it shall immediately distribute all or part of its distributable
profits to its shareholders;



 


		2.1.14	Within the term hereof, PGW Seeds shall operate its business in compliance with all applicable
laws, regulations, administrative rules and regulations of the PRC, and there will not be any material adverse effect on the business
operation or assets of PGW Seeds due to any breach of the above requirements;



 


		2.1.15	If Party A exercises the Call Option according to the conditions of this Contract, PGW Seeds shall
make its best endeavour to obtain all government approvals and other consents (if applicable) that are necessary for the completion
of the equity transfer as soon as possible;



 


		2.1.16	At the request of Party A, they shall appoint any persons designated by Party A as directors of
PGW Seeds.



 


		2.2	Undertakings relating to Party B



 


Party B hereby undertakes that:


 


		2.2.1	Without the prior written consent of Party A, Party B will not, at any time after the date hereof,
sell, transfer, mortgage or otherwise dispose of any legal or beneficial interest in the equity interest, nor allow any other security
interest to be created thereon, except for the pledge right under the Equity Pledge Contract;



 


		2.2.2	Without the prior written consent of Party A, Party B will not vote in favour of or support or
execute any shareholders’ resolution at a shareholders’ meeting of PGW Seeds to approve the sale, transfer, mortgage
or disposal in any other manner of any legal or beneficial interest in the equity interest, nor allow any security interest to
be created thereon, except for the same is made to Party A or any person designated by it;



 


		2.2.3	Without the prior written consent of Party A, Party B will not vote in favour of or support or
execute any shareholders’ resolution at a shareholders’ meeting of PGW Seeds to approve the merger or consolidation
of PGW Seeds with any person, or the acquisition of or investment in any person;



 




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		2.2.4	Party B will immediately notify Party A of the occurrence or possible occurrence of any litigation,
arbitration or administrative proceedings relating to the equity interest held by Party B;



 


		2.2.5	Party B will procure the shareholders’ meeting of the company to vote in favour of the transfer
of the Purchased Equity as set forth in this Contract;



 


		2.2.6	To maintain his ownership in the equity interest, Party B will execute all necessary or appropriate
documents, take all necessary or appropriate actions and make all necessary or appropriate claims or raise necessary and appropriate
defenses against all claims;



 


		2.2.7	At the request of Party A, Party B will appoint any persons designated by Party A as directors
of PGW Seeds;



 


		2.2.8	At the request of Party A at any time, Party B will unconditionally and promptly transfer his equity
interest to Party A and/or the Designated Person at any time, and give up his right of first refusal in respect of other equity
interests to be transferred;



 


		2.2.9	Party B will strictly observe the provisions of this Contract and other contracts jointly or separately
executed by and among Party B, PGW Seeds and Party A, perform his obligations hereunder and thereunder, and refrain from action/omission
that may affect the effectiveness and enforceability thereof.



 


Chapter
3     Representations and Warranties


 


Party B and PGW Seeds hereby represent
and warrant to Party A as of the date hereof and each date of transfer:


 


		3.1	They have the right to execute and deliver this Contract and any equity transfer contracts to which
they are a party and which are entered into in respect of each transfer of the Purchased Equity hereunder (each, a “Transfer
Contract”), and to perform their respective obligations under this Contract and any Transfer Contracts. This Contract
and the Transfer Contracts to which they are a party, once executed, will constitute their legal, valid and binding obligations
and shall be enforceable against them in accordance with the provisions thereof;



 


		3.2	The execution and delivery of this Contract or any Transfer Contracts and the performance of their
respective obligations under this Contract or any Transfer Contracts shall not: (i) result in any violation of any applicable PRC
laws and regulations; (ii) be in conflict with their articles of association or other constituent documents; (iii) result in the
violation of any contracts or documents to which they are a party or which are binding upon them, or constitute any breach under
any contracts or documents to which they are a party or which are binding upon them; (iv) result in the violation of any conditions
for the grant and/or continued effectiveness of any licenses or permits issued to either of them; or (v) result in the suspension
or revocation of or imposition of additional conditions to any licenses or permits issued to either of them;



 


		3.3	PGW Seeds has a good and merchantable title to all of its assets. PGW Seeds has not created any
security interest on its assets;



 


		3.4	PGW Seeds does not have any outstanding debts, except for (i) debts incurred in the ordinary course
of its business, and (ii) debts disclosed to Party A for which Party A’s written consent has been obtained;



 


		3.5	PGW Seeds has complied with all PRC laws and regulations applicable to the acquisition of assets;



 




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		3.6	There are no ongoing, pending or threatened litigation, arbitration or administrative proceedings
relating to PGW Seeds or the equity interest in or assets of PGW Seeds ; and



 


		3.7	Party B has a good and merchantable title and a complete and valid disposal right to all of his
equity interests (except for the restrictions under the PRC laws and regulations). Save for the security interests under the Equity
Pledge Contract, Party B has not created any security interest on his equity interest and is free from any third party claims.



 


Chapter
4      Assignment of this Contract


 


		4.1	Unless with the prior written consent of Party A, Party B and PGW Seeds shall not transfer their
respective rights and obligations hereunder to any third parties.



 


		4.2	Party B and PGW Seeds hereby agree that Party A shall have the right to transfer its rights and
obligations hereunder to any third parties when necessary. Party A shall only be required to serve a written notice to Party B
and PGW Seeds when such transfer is made, and no consent shall be further required from Party B or PGW Seeds in respect of such
transfer.



 


Chapter
5      Effectiveness and Term


 


		5.1	This Contract shall become effective as of the date first
written above.



 


		5.2	This Contract shall be automatically terminated only after Party A exercises its option to purchase
all of the equity interests in PGW Seeds pursuant to the requirements of this Contract, except for the early termination by this
Contract or pursuant to the provisions of the relevant agreements separately signed by the parties hereto.



 


		5.3	If, during the period stipulated in Article 5.2, the operation term of Party A or PGW Seeds (including
any extended term) expires or either party terminates due to other reasons, this Contract shall be terminated at the time of the
termination of such party, except for the circumstances where Party A has transferred its rights and obligations pursuant to Article
4.2 hereof.



 


Chapter
6     Applicable Laws, Dispute Resolution and Liabilities for Breach 


 


		6.1	Applicable Laws



 


The formation of this Contract,
its effectiveness, interpretation and performance, as well as the dispute resolution hereunder shall be protected and governed
by the laws of the PRC.


 


		6.2	Dispute Resolution



 


Any disputes between the parties
arising from the interpretation and performance of any provisions hereof shall be resolved in good faith by them through consultation.
If no agreement can be reached within thirty (30) days after a Party proposes to resolve a dispute through consultation, either
party may submit such dispute to China International Economic and Trade Arbitration Commission for arbitration in accordance with
its arbitration rules then in force. The seat of arbitration shall be Shenzhen. The arbitration shall be conducted in Chinese.
The arbitral award shall be final and binding upon the parties.


 




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		6.3	Liabilities for Breach



 


A breach of this Contract shall
be constituted if any party hereto violates the agreements of this Contract by failing to fully perform this Contract, or making
any false information, or withholding or omitting significant facts in any undertaking, representation and warranty made by him/it
in this Contract, or refusing to perform any of his/its undertakings, representations and warranties. The defaulting party shall
bear the corresponding liabilities for the breach according to laws.


 


Chapter
7     Taxes and Fees


 


Party A shall bear any and all transfer
and registration tax and fees incurred by or levied on the parties in accordance with the laws of the PRC in connection with the
preparation and execution of this Contract and the Transfer Contracts, as well as the consummation of the transactions contemplated
under this Contract and the Transfer Contracts.


 


Chapter
8     Confidentiality Obligation


 


The parties hereto acknowledge and confirm
that any oral or written information exchanged between them in connection with this Contract shall be confidential information.
The parties shall keep all such information confidential and shall not disclose any of the information to any third parties without
the written consent of the other parties, except for the following:


 


		a.	the information that are or will be known to the public (provided that they are not disclosed to
the public without authorization by the information receiving party);



 


		b.	the information required to be disclosed by applicable laws, or the rules or regulations of securities
exchanges; or



 


		c.	the information required to be disclosed by a party to its legal or financial advisors with respect
to the transaction mentioned herein, for which such legal or financial advisors shall also comply with the confidentiality obligation
as similar as that described in this Article. Any divulgence of confidential information by the employees of either party or any
organization engaged by it shall be deemed as the divulgence of confidential information by such party, and such party shall be
liable for the breach pursuant to this Contract. This article shall survive regardless of whether this Contract is invalid, discharged,
terminated or cannot be operated due to any reason.



 


Chapter
9     Further Assurance


 


The parties agree to promptly execute such
documents and take such further action as are reasonably required for or are conducive to the implementation of the provisions
and purpose of this Contract.


 


Chapter
10     Miscellaneous


 


		10.1	Modification, Amendment and Supplement



 


All amendments and supplements
to this Contract shall be made by the parties in writing. Any amendment contracts and supplemental contracts hereto duly signed
by the parties shall be an integral part of this Contract, and shall have the same legal effect as this Contract.


 




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		10.2	Integrity of this Contract



 


The parties confirm that, once
this Contract becomes effective, it shall constitute the entire agreement and understanding between the parties hereto with respect
to the contents of this Contract, and shall completely supersede all previous oral or/and written agreement and understanding between
the parties hereto in connection with the contents of this Contract.


 


		10.3	Severability of this Contract



 


If any provision or provisions
of this Contract is/are held to be invalid, illegal or unenforceable in any respect in accordance with any laws or regulations,
the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or impaired in any
respect. The parties shall, through amicable negotiations, strive to replace those invalid, illegal or unenforceable provision
or provisions with valid provision or provisions, and the economic effect of such valid provision or provisions shall be as close
as possible to the economic effect of those invalid, illegal or unenforceable provision or provisions.


 


		10.4	Headings



 


The headings of this Contract
are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions of this
Contract.


 


		10.5	Language and Counterpart



 


This Contract is executed in
Chinese in six originals and each of them shall have the same legal effect. Each party shall keep one original and the remaining
three originals shall be provided to the relevant government departments.


 


		10.6	Successors



 


This Contract shall be binding
on and shall inure to the interest of the respective successors or heirs of the parties and the permitted assignees of such parties.


 


		10.7	Survival



 


Any obligations that occur or
are due as a result of this Contract prior to the expiration or early termination of this Contract shall survive the expiration
or early termination hereof. The provisions of Chapters 6 and 8 and this Article 10.7 hereof shall survive the termination of this
Contract.


 


		10.8	Waivers



 


Any party may waive the terms
and conditions of this Contract, provided that such a waiver must be provided in writing and shall require the signatures of the
parties. No waiver by any party in certain circumstances with respect to a breach by other parties shall operate as a waiver by
such a party with respect to any similar breach by other parties in other circumstances.


 




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012-Exclusive Call Option Contract 20130313


 





 


[No text in this page]


 


In witness whereof,
the parties hereto have executed this Contract on the day first above written.


 


Party A: Agria Brother Biotech (Shenzhen) Co., Ltd.


 


Legal Representative/Authorized Representative: /s/


 


Common Chop: [Chop of Agria Brother Biotech (Shenzhen) Co.,
Ltd. is affixed]


 


Party B: Lai Fulin


 


Signature: /s/ Lai Fulin


 


Party C: Shenzhen PGW Seeds Co., Ltd.


 


Legal Representative/Authorized Representative: /s/


 


Common Chop: [Chop of Shenzhen PGW Seeds Co., Ltd. is affixed]


 






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