Document:

Exhibit 4.32

Exhibit 4.32

English Translation for Reference

EQUITY PLEDGE CONTRACT

This Equity Pledge Contract (hereinafter referred to as “this Contract”) is made on August 4, 2009
in Shenzhen:

BETWEEN:

Party A: Agria Brother Biotech (Shenzhen) Co., Ltd. (hereinafter also referred to as the
“Pledgee”)

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

Party B: Li Juan, a citizen of the PRC with ID card number: 420983197609010023 (hereinafter also
referred to as the “Pledgor”)

Party C: Shenzhen Guanli Agricultural Technology Co., Ltd.

Address: Room 1501, Tower 1, Huarong Building, Mintian Road, Futian Center District, Shenzhen

WHEREAS:

	(1)	 	The Pledgor is the legal and valid shareholder of Shenzhen Guanli Agricultural Technology
Co., Ltd. (“Guanli”), who holds 95% equity interest of Guanli according to laws;

	(2)	 	The Pledgee 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);

	(3)	 	Guanli is a limited liability company established in Shenzhen under the laws of the PRC;

	(4)	 	The Pledgee and Guanli entered into the Exclusive Technology Development, Technology Support
and Technology Services Contract on November 7, 2008. The Pledgor agrees to pledge all of her
equity interest in Guanli as security for the performance by Guanli of all of its obligations
under the above contract;

	(5)	 	The Pledgee, the Pledgor and Guanli entered into the Exclusive Call Option Contract on August
4, 2009, and the Pledgee and the Pledgor entered into three Loan Contracts on October 6, 2008,
July 22, 2009 and August 4, 2009, respectively. The Pledgor agrees to pledge all of her
equity interest in Guanli as security for the performance by the Pledgor and Guanli of all of
their respective obligations under the above four contracts.

 

 

 

NOW, THEREFORE, IT IS AGREED as follows after friendly consultation:

	1.	 	Definitions

Unless otherwise required herein, the following terms shall have the meaning as follows:

	 	1.1	 	“Pledge Right” refers to the full content of Article 2 hereof.

	 	1.2	 	“Equity Interest” means the equity interest legally held by the Pledgor in
Guanli.

	 	1.3	 	“Master Contract” means the Exclusive Technology Development, Technology
Support and Technology Services Contract, the Exclusive Call Option Contract, three
Loan Contracts dated October 6, 2008, July 22, 2009 and August 4, 2009 and any
amendment and supplement thereto.

	 	1.4	 	“Secured Party” means any contractual party of each Master Contract other than
the Pledgee.

	 	1.5	 	“Secured Debt” means all contractual obligations of a Secured Party under each
Master Contract, including (but not limited to) interest, default penalty,
compensation, expenses incurred by the Pledgee in realizing debt.

	 	1.6	 	“Event of Default” means any circumstances stated in Article 7.1 hereof.

	 	1.7	 	“Notice of Default” means the notice of default issued by the Pledgee pursuant
to this Contract, declaring the occurrence of an Event of Default.

	2.	 	Pledge Right

The Pledgor hereby pledges all of her Equity Interest in Guanli to the Pledgee as security
for the performance by the Pledgor and Guanli of all of their respective obligations under
the Master Contract. Therefore, the Pledgee is entitled to the Pledge Right in respect of
all the Equity Interest of the Pledgor in Guanli. The “Pledge Right” means the right of
priority to claim for any money converted from the Equity Interest pledged by the Pledgor to
the Pledgee, or any proceeds from the auction or sale of such Equity Interest that is
enjoyed by the Pledgee.

	3.	 	Registration of Pledge

	 	3.1	 	Within one (1) week from the date hereof, Guanli shall, and the Pledgor shall
procure Guanli to record the Pledge Right specified in Article 2 above on the register
of members of Guanli, and deliver a copy of the register of members of Guanli with its
common chop affixed thereon and the original of the equity contribution certificate to
the Pledgee for custody.

	 	3.2	 	After the execution hereof, the Pledgor shall, at the written request of the
Pledgee at any time, complete the notarization jointly with the Pledgee in respect of
this Contract, as well as the Pledge Right of the Pledgee recorded on the register of
members and the equity contribution certificate as set forth in Article 3.1 at a notary
public office of the place where Guanli is located.

 

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	 	3.3	 	The parties agree that they will make their best effort to register, and cause
the pledge hereunder to be registered with an industrial and commercial administrative
department of the place where Guanli is registered. The parties also confirm that,
unless the registration of the pledge hereunder with the industrial and commercial
administrative department is mandatory in law, the validity of this Contract and the
Pledge Right specified in Article 2 above shall not be affected even if the parties
fail to register the pledge hereunder with the industrial and commercial administrative
department of the place where Guanli is registered after the execution of this
Contract.

	4.	 	Rights of the Pledgee

	 	4.1	 	When a Secured Party does not perform any of its obligations under the Master
Contract, the Pledgee shall have the right of priority to claim for any money converted
from Guanli’s Equity Interest pledged by the Pledgor, or any proceeds from the auction
or sale of such Equity Interest.

	 	4.2	 	The Pledgee shall be entitled to receive any dividends (including bonuses) and
other property distributions arising from the Equity Interest that is pledged.

	5.	 	Representations and Warranties of the Pledgor

	 	5.1	 	The Pledgor is the legitimate owner of the Equity Interest;

	 	5.2	 	The Pledgor fully understands the contents of the Master Contract. She signs
and performs this Contract on a voluntary basis and all her actual meaning is truly
expressed herein. The Pledgor is legally authorized to execute this Contract;

	 	5.3	 	All documents, information, statements and evidence provided by the Pledgor to
the Pledgee are accurate, true, complete and valid;

	 	5.4	 	The Pledgor acknowledges that the Pledgee shall have the right to dispose of
and transfer the Pledge Right in a manner stipulated herein and within the scope
restricted by the PRC laws;

	 	5.5	 	Except for the interest of the Pledgee, the Pledgor has not created other
pledges, any other kinds of rights or any third party rights over the Equity Interest;

	 	5.6	 	The Pledgor has obtained the consent of other shareholders of Guanli to pledge
the Equity Interest, and the other shareholders have unanimously agreed that they will
not interfere by any means and will give up the exercise of their pre-emptive right
when the Pledgee actually exercises the Pledge Right.

 

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	6.	 	Undertakings of the Pledgor

In addition to the obligations specified in the other provisions hereof, the Pledgor
undertakes as follows:

	 	6.1	 	During the term hereof, the Pledgor undertakes to the Pledgee for its benefit
that:

	 	6.1.1	 	save for the transfer of the Equity Interest to the Pledgee,
the Pledgor shall not, without the prior written consent of the Pledgee,
transfer the Equity Interest, nor create or permit the existence of any pledge
which might affect the rights and interests of the Pledgee, nor procure any
resolution in relation to the sale/transfer/pledge or disposal by other means
of the legal and beneficial interest in any Equity Interest of Guanli or
permitting the creation of any other security interests over it to be passed at
a shareholders’ meeting of the company; unless with the prior written consent
of the Pledgee, the Pledgor shall vote at a shareholders’ meeting of
Guanli/procure any director of Guanli nominated by her to vote at a board
meeting of Guanli and/or by other means to object Guanli to
sell/transfer/pledge or otherwise dispose of any of its major assets, including
(but not limited to) any intellectual property rights.

	 	6.1.2	 	if the Equity Interest pledged hereunder is subject to any
compulsory measures imposed by courts or other departments for any reasons, the
Pledgor shall use all her efforts, including (without limitation) the provision
of other security to courts or adoption of other measures, to remove the
compulsory measures taken by courts or other departments in respect of the
Equity Interest pledged.

	 	6.1.3	 	the Pledgor shall comply with and implement all laws and
regulations relevant to the pledge of rights. The Pledgor shall, within five
(5) days of the receipt of any notices, orders or recommendations given or made
by the competent authority with respect to the Pledge Right, present the above
notices, orders or recommendations to the Pledgee, and shall comply with the
same or raise objections and make representations in respect of the above
matters as reasonably required by or with the consent of the Pledgee.

	 	6.1.4	 	the Pledgor shall promptly notify the Pledgee of any event
which might have effects on the Equity Interest of the Pledgor or any part of
her right or any notice received in connection therewith, as well as any event
which might change any warranty and obligation of the Pledgor as created by
this Contract or might have effects on it or any notice received in connection
therewith.

	 	6.2	 	The Pledgor agrees that the Pledgee shall not be interrupted nor impeded by any
legal proceedings instituted by the Pledgor or any successors of the Pledgor or any
person authorized by the Pledgor or any other persons when it exercises its rights on
the pledge pursuant to the provisions hereof and within the scope permitted by the PRC
laws.

	 	6.3	 	The Pledgor undertakes to the Pledgee that, in order to protect or improve the
security for the repayment of the Secured Debt herein, she will honestly execute and
procure other parties who have an interest in the Pledge Right to execute all title
certificates and contracts required by the Pledgee, and/or perform and procure other
interested parties to perform all acts required by the Pledgee, and facilitate the
exercise of any right and authorization conferred to the Pledgee by this Contract.

 

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	 	6.4	 	The Pledgor undertakes to the Pledgee that she will execute all documents in
relation to the change of share certificates (if applicable and necessary) with the
Pledgee or any person designated by it (natural person/legal person), and shall provide
the Pledgee with all notices, orders and decisions in relation to the Pledge Right
which it thinks necessary within a reasonable time.

	 	6.5	 	The Pledgor undertakes to the Pledgee that she will, for the interest of the
Pledgee, observe and perform all warranties, undertakings, contracts, representations
and conditions. If the Pledgor does not perform or fully perform her warranties,
undertakings, contracts, representations and conditions, she will indemnify the Pledgee
all losses suffered by it arising therefrom.

	7.	 	Event of Default

	 	7.1	 	The following events shall be deemed as Events of Default:

	 	7.1.1	 	the Secured Party fails to fully perform any of its Secured
Debts under the Master Contract as scheduled;

	 	7.1.2	 	any representation or warranty made by the Pledgor in Article
5 hereof contains misleading or false information that is material, and/or the
Pledgor violates the warranties set forth in Article 5 hereof;

	 	7.1.3	 	the Pledgor violates the undertakings set forth in Article 6
hereof;

	 	7.1.4	 	the Pledgor violates any other provisions of this Contract;

	 	7.1.5	 	the Pledgor gives up the pledged Equity Interest or transfers
the pledged Equity Interest without the written consent of the Pledgee;

	 	7.1.6	 	any external loan, guarantee, compensation, undertaking or
other debt liability of the Pledgor (1) is required to be repaid or performed
prior to the scheduled date due to any breach of this Contract; (2) has been
due but cannot be repaid or performed as scheduled, which in the opinion of the
Pledgee, would have affected the ability of the Pledgor in performing her
obligations hereunder;

	 	7.1.7	 	Guanli is incapable to repay the general debts or other debts;

	 	7.1.8	 	this Contract becomes illegal or the Pledgor fails to continue
to perform her obligations hereunder due to any reasons other than “force
majeure”;

	 	7.1.9	 	there has been any adverse change in the properties of the
Pledgor, which, in the opinion of the Pledgee, would have affected the ability
of the Pledgor in performing her obligations hereunder;

 

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	 	7.1.10	 	there occurs any material adverse change in the assets, operating result or
financial situation of Guanli;

	 	7.1.11	 	the successors or heirs of Guanli can only perform part of, or refuse to
perform, the Master Contract;

	 	7.1.12	 	the Pledgor violates any other provisions of this Contract through any act or
omission to act.

	 	7.2	 	If the Pledgor is aware or discovers that any event described in this Article 7
or any event which may possibly result in the aforesaid events has happened, she shall
immediately notify the Pledgee in writing.

	 	7.3	 	Unless the events of default listed in this Article 7.1 has been resolved to
the satisfactory of the Pledgee, the Pledgee may serve a written Notice of Default to
the Pledgor at any time when the Pledgor is in default or thereafter and require the
Pledgor to pay any debts and other payables under the Master Contract or to dispose of
the Pledge Right pursuant to Article 8 hereof.

	8.	 	Exercise of the Pledge Right

	 	8.1	 	Subject to the requirement in Article 6.1.1 hereof, the Pledgor shall not
transfer the pledged Equity Interest before the obligations of the Secured Party under
the Master Contract have not been fully performed and without the written consent of
the Pledgee.

	 	8.2	 	The Pledgee shall serve Notice of Default to the Pledgor when exercising its
Pledge Right.

	 	8.3	 	Subject to the requirement in Article 7.3 hereof, the Pledgee may exercise the
right to dispose of the Pledge Right at the time when the Notice of Default is given
pursuant to Article 7.3 or at any time after such notice is given.

	 	8.4	 	The Pledgee shall have the right of priority to claim for any money converted
from all or part of the Equity Interest hereunder, or any proceeds from the auction or
sale of such Equity Interest according to statutory procedures until the outstanding
debts and all other payables of the Secured Party under the Master Contract are repaid.

	 	8.5	 	When the Pledgee disposes of the Pledge Right in accordance with this Contract,
the Pledgor shall not pose any obstacles, and shall offer necessary assistance in this
regard so that the Pledgee can realize its Pledge Right.

	9.	 	Assignment of this Contract

	 	9.1	 	Unless with the prior consent of the Pledgee, the Pledgor or Guanli shall have
no right to transfer any of her/its rights or obligations hereunder.

	 	9.2	 	This Contract shall be binding upon the Pledgor and her successors or heirs,
and shall be valid and binding upon the Pledgee and each of its successors, heirs or
permitted assignees.

 

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	 	9.3	 	The Pledgee may, at any time and to the extent permitted by laws, transfer all
or any of its rights and obligations under the Master Contract to any person designated
by it (natural person/legal person), in which case, the assignee shall be entitled to
and undertake all rights and obligations of the Pledgee hereunder as if it should have
been entitled to and undertaken such rights and obligations as a party to this
Contract. When the Pledgee transfers its rights and obligations under the Master
Contract, a written notice shall be only given by the Pledgee to the Pledgor, and the
Pledgor shall, at the request of the Pledgee, execute and transfer the relevant
contracts and/or documents in this regard.

	 	9.4	 	A new pledge contract shall be signed between the new parties to the pledge
after the change of the pledgee as a result of the transfer.

	10.	 	Effectiveness

	 	10.1	 	This Contract is signed and shall become effective on the date first written
above.

	 	10.2	 	After this Contract becomes effective, the Equity Pledge Contract dated
November 7, 2008 signed by Party A, Party B and Party C will be terminated.

	11.	 	Termination

This Contract shall be terminated after the Secured Debt under the Master Contract has been
fully repaid and the Pledgor has no longer undertaken any obligation under the Master
Contract, and the Pledgee shall, within the earliest reasonable and practicable time, offer
assistance to complete necessary formalities so as to release the pledge of the Equity
Interest.

	12.	 	Handling Fees and Other Costs

	 	12.1	 	All costs and actual expenses in connection with this Contract, including
without limitation, legal fee, cost of production, stamp duty and any other taxes and
charges, shall be borne by the Pledgee. If the relevant taxes are required by law to
be paid by the Pledgor, the Pledgee shall fully indemnify the Pledgor such taxes paid
by her.

	 	12.2	 	If the Pledgee fails to pay any taxes or charges payable in accordance with
this Contract or the Pledgor recovers such taxes or charges by any means or ways due to
any other reasons, the Pledgee shall bear all costs arising therefrom (including
without limitation, all taxes, handling fees, management fees, litigation cost,
attorney’s fees and various insurance premiums in connection with the handling of the
Pledge Right).

	13.	 	Force Majeure

	 	13.1	 	“Force Majeure” means any event that is beyond the reasonable control of a
party and that is unavoidable even though the party so affected gives reasonable
attention to it, including but not limited to act of government, act of nature, fire,
explosion, typhoon, flood, earthquake, tidal, lightning or war. However, the shortage
of credit, capital or financing shall not be deemed as events beyond the reasonable
control of a party. Any party who is affected by “Force Majeure” shall notify the
other party as soon as possible of the event, in respect of which the exemption from
such obligations is sought.

 

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	 	13.2	 	When the performance of this Contract is delayed or prevented due to the “Force
Majeure” defined above, the party so affected shall not be required to assume any
liabilities hereunder to the extent that it is within the scope of the delay or
prevention. It shall take appropriate measures to minimize or eliminate the impact of
“Force Majeure” and shall make effort to resume the performance of any obligations that
are delayed or prevented by the “Force Majeure”. Once the “Force Majeure” is removed,
the parties agree to resume the performance of their respective obligations hereunder
with their greatest efforts.

	14.	 	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.

	15.	 	Dispute Resolution

	 	15.1	 	This Contract shall be governed by and construed in accordance with the laws of
the PRC;

	 	15.2	 	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 in respect of a dispute, 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.

	16.	 	Integrity of this Contract

Notwithstanding the requirement in Article 10 hereof, 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 discussions, communications,
understanding, agreements and arrangements between the parties hereto in connection with the
contents of this Contract.

 

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	17.	 	Severability of this Contract

If any provision of this Contract is invalid or unenforceable due to its inconsistency with
the relevant laws, such provision shall be deemed to be invalid only to the extent within
the scope of the related jurisdiction, and shall not affect the legal effect of the other
provisions hereof.

	18.	 	Amendment and Supplement to this Contract

	 	18.1	 	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.

	 	18.2	 	This Contract and any of its amendments, supplements or modification shall be
made in writing and shall become effective once they are signed and sealed by the
parties.

	19.	 	Counterpart

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

IN WITNESS WHEREOF, the parties hereto have executed this Contract on the day first above written.

 

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[No text in this page]

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: Li Juan

Signature: /s/ Li Juan

Party C: Shenzhen Guanli Agricultural Technology Co., Ltd.

Legal Representative/Authorized Representative: /s/

Common Chop: [Chop of Shenzhen Guanli Agricultural Technology Co., Ltd. is affixed]

 

10Exhibit 4.33

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 August
4, 2009 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: Li Juan, a citizen of the PRC with ID card number: 420983197609010023

Party C: Shenzhen Guanli Agricultural Technology Co., Ltd.

Address: Room 1501, Tower 1, Huarong Building, Mintian Road, Futian Center 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 95% equity interest of Shenzhen Guanli
Agricultural Technology Co., Ltd. (“Guanli”);

	3.	 	Guanli 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 her equity interest to it 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 her equity interest in Guanli at any time according to the steps for exercise of
the 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 Guanli to any other
third parties. Guanli 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.

 

 

	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 three Loan Contracts dated October 6, 2008, July 22, 2009 and August 4, 2009
between Party A and Party B, respectively.

	 	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 Guanli.

	1.4	 	Transfer of the Purchased Equity

For each exercise of the Call Option:

	 	1.4.1	 	Party B shall cause Guanli 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 she 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 August 4, 2009 by and among Party A, Party B and
Guanli (hereinafter referred to as the “Equity Pledge Contract”).

	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.

 

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CHAPTER 2 UNDERTAKINGS RELATING TO EQUITY INTEREST

	2.1	 	Joint undertakings relating to Guanli

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 Guanli, increase or decrease
its registered capital, or otherwise change the structure of its registered capital;

	 	2.1.2	 	Guanli 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 Guanli 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 Guanli after the delivery of equity
interest as agreed;

	 	2.1.3	 	Without the prior written consent of Party A, Guanli 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 Guanli, nor allow any
other security interest to be created thereon;

	 	2.1.4	 	Without the prior written consent of Party A, Guanli 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	 	Guanli 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, Guanli 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, Guanli shall not provide any
loan or credit to any person;

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

	 	2.1.9	 	Guanli shall take out 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 taken out by other companies that operate businesses similar
to Guanli in the same region and possess property or assets similar to Guanli;

 

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

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

	 	2.1.12	 	To maintain the ownership by Guanli 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, Guanli shall not in any manner
distribute dividends to its shareholders, provided that upon Party A’s written request,
it shall immediately distribute all or part of its distributable profits to its
shareholders;

	 	2.1.14	 	Within the term hereof, Guanli 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
Guanli 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,
Guanli 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 Guanli.

	2.2	 	Undertakings relating to Party B

Party B hereby undertakes that:

	 	2.2.1	 	Without the prior written consent of Party A, she 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, she will not vote in favor of
or support or execute any shareholders’ resolution at a shareholders’ meeting of Guanli
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, she will not vote in favor of
or support or execute any shareholders’ resolution at a shareholders’ meeting of Guanli
to approve the merger or consolidation of Guanli with any person, or the acquisition of
or investment in any person;

	 	2.2.4	 	She 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 her;

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

 

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	 	2.2.6	 	To maintain her ownership in the equity interest, she 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, she will appoint any persons designated by Party A
as directors of Guanli;

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

	 	2.2.9	 	She will strictly observe the provisions of this Contract and other contracts
jointly or separately executed by and among Party B, Guanli and Party A, perform her
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 Guanli 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	 	Guanli has a good and merchantable title to all of its assets. Guanli has not created any
security interest on its assets;

	3.4	 	Guanli 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	 	Guanli has complied with all PRC laws and regulations applicable to the acquisition of
assets;

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

 

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	3.7	 	Party B has a good and merchantable title and a complete and valid disposal right to all of
her equity interests (except for the restrictions under the PRC laws and regulations). Save
for the security interests under the Equity Pledge Contract, she has not created any security
interest on her 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 Guanli shall not transfer their
respective rights and obligations hereunder to any third parties.

	4.2	 	Party B and Guanli 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 written notice to Party B and Guanli when such transfer is made, and no consent shall be
further required from Party B or Guanli 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 Guanli 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 Guanli
(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.

	5.4	 	After this Contract becomes effective, the Exclusive Call Option Contract dated November 7,
2008 by and among Party A, Party B and Party C, and the Supplemental Agreement to the
Exclusive Call Option Contract dated July 22, 2009 will be terminated.

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 requirements
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 her/it in this Contract, or refusing to perform any of her/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.

 

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	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.

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: Li Juan

Signature: /s/ Li Juan

Party C: Shenzhen Guanli Agricultural Technology Co., Ltd.

Legal Representative/Authorized Representative: /s/

Common Chop: [Chop of Shenzhen Guanli Agricultural Technology Co., Ltd. is affixed]

 

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