Document:

Guarantee Contract 

 

(No. (2013) SDXTHS08 – YYFM02)

 

(Unofficial Selective  Summary Translation)

 

		Guarantor:	WU Zishen

Personal ID No:     150102196803293010

 

		Creditor:	Shandong International Trust Company Limited

Legal Representative: XIANG Kaijin

 

To ensure the performance by the debtor, Inner Mongolia Yongye
Fumin Biotechnology Co., Ltd., of the Trust Loan Contract (contract No. (2013) SDXTHS08 – YYFM) (“Master Contract)
between the debtor and the creditor, the Guarantor is willing to provide guarantee to the Creditor and the two parties have entered
into agreement as follows.

 

		Article 1	Claims Guaranteed and Scope of the Guarantee

 

1.1          The
claims guaranteed by the Guarantor are the claims under the Master Contract, in the amount of ¥80,000,000.00 as a liquid capital
trust loan. The interest rate and term of the loan are specified in the Master Contract.

 

1.2          The
scope of the guarantee is the loan principal, interest, compound and penalty interest, default damages and all the fees and expenses
incurred in the course of realizing the Creditor’s claims.

 

		Article 2	Responsibilities and Term of the Guarantee

 

2.1          The
guarantee hereunder is joint and several responsibility guarantee. If there are more than one guarantor for the Master Contract,
the Guarantor shall still bear full responsibility for guarantee within its scope.

 

2.2          The
Guarantor agrees that, if the debtor or any third party provided pledge or mortgage, the Creditor shall have the right to demand
that the Creditor immediately repay all the loan past due without having to exercise other rights.

 

2.3          The
term of the guarantee is one year after the expiration of the performance period for the debt under the Master Contract.

 

    	 

    	 

    

 

 

		Article 3	The Guarantor’s Representations and Warranties

 

3.1          The
Guarantor is a legal person duly established in accordance with the law of the PRC or a natural person with full capacity for civil
activities.

 

3.2          The
Guarantor fully understands the contents of the Master Contract and the execution and performance of this contract is the expression
of the Guarantor’s true intent. If the Guarantor is a legal, the Guarantor has obtained all due approval and authorization,
both internal and external, necessary for the execution of this contract. If the Guarantor is a natural person, the Guarantor has
obtained all necessary authorization and consent.

 

3.3          The
execution and performance of this contract will not violate any restrictions on the Guarantor or the Guarantor’s assets,
nor will they violate any other contracts or legal documents to which the Guarantor is a party.

 

3.4          All
the documents and information provided in during the course of execution and performance of this contract are valid, legal, truthful,
accurate and complete.

 

3.5          As
of the date of execution, the Guarantor is not involved in any litigation, arbitration, or administrative sanction; there exists
no instances of delinquency, material deterioration of repayment ability or insolvency or other adverse events that will affect
the Guarantor’s ability to provide guarantee.

 

		Article 4	The Guarantor’s Rights and Obligations

 

4.1          If
the debtor under the Master Contract fails to repay the principal and interest of the loan in full when it is due, the Creditor
must, within the scope of the guarantee, unconditionally repay all the amounts due to the Creditor.

 

4.2          The
Creditor agrees to provide cooperation, during the term of the guarantee, to the Creditor in its monitoring and review of the Creditor’s
income, business operation and financial situation.

 

4.3          Before
the full repayment of all the debt under the Master Contract, the Guarantor cannot exercise its right for compensation against
the debtor on the ground of the performance of this contract, except when such exercise leads to the performance of the obligation
to repay the Creditor on behalf of the Creditor or other guarantors.

 

4.4          In
event of the following, the Guarantor must notify the Creditor in advance or within 2 days of its occurrence:

 

(1)          Change
of operation structure such as subcontracting, lease, joint venture, M&A, spin-off, equity restructuring, etc.

 

(2)          Change
in the scope of operation, registered capital, equity or partners.

 

    	2

    	 

    

 

 

(3)          Involvement
in major economic dispute or likelihood to be forced to pay compensation or fines.

 

(4)          Ceasing
of business, suspension of operation, dissolution, filing for bankruptcy, revocation or suspension of business license (Note: if
the Guarantor is a natural person, the joint property owner must notify the Creditor in the event of the Guarantor’s death).

 

(5)          Material
adverse effect on the Guarantor’s ability to perform its obligations to provide guarantee because of other guarantee, pledge
or mortgage to a third party.

 

(6)          Execution
of other contracts that will have a material adverse effect on the Guarantor’s ability to perform its obligations to provide
guarantee.

 

(7)          Deterioration
of the Guarantor’s operation or financial situation or of the Guarantor’s income if the Guarantor is a natural person.

 

(8)          Engagement
in related party transactions with the Guarantor’s control person or major shareholder, thus affecting its normal operation.

 

(9)          Major
crisis in the operation or financial situation of Guarantor’s control person or affiliates, thus affecting its normal operation.

 

(10)        Change
of the Guarantor’s name, legal representative, address and contact information.

 

(11)        Other
events that will adversely affect the Guarantor’s ability to provide guarantee.

 

		Article 5	The Creditor’s Rights and Obligations

 

5.1          The
Creditor right to request the Guarantor to provide report on its income, operation and financial situation and other information
regarding its assets.

 

5.2          The
Creditor has the right to demand that the Guarantor assume the joint and several responsibilities for guarantee if the debtor fails
to repay the loan under the Master Contract.

 

5.3          The
Creditor has the right to transfer its claims without the need to obtain the approval of the Guarantor and the Guarantor must still
bear responsibility for guarantee with the scope specified herein.

 

5.4          During
the effective term of this contract, if the Guarantor changes its name, legal representative, address and contact information without
notifying the Creditor promptly, all notices or documents sent to the Guarantor based on contact information set forth herein will
be considered received by the Guarantor.

 

    	3

    	 

    

 

5.5          The
Creditor has the right to provide information on the Guarantor’s credit to bank regulatory organization, People’s Bank
of China or other financial monitoring agencies.

 

5.6          The
Creditor has the right to make announcement or publish information in the media if the Guarantor’s attempts to circumvent
the Creditor’s supervision, delay the performance of its obligation to guarantee or evade debts.

 

		Article 6	Deduction Provision

 

6.1          If
the debtor under the Master Contract fails to repay the loan in full at the expiration of the loan performance period, the Guarantor
hereby authorizes the Creditor to deduct funds from any of the Guarantor’s accounts set up with Baoshang Bank as repayment
of the loan without further authorization.

 

6.2          After
making such deduction, the Creditor must notify the Guarantor of the details of such deduction.

 

6.3          If
the deducted fund is in a different currency, the Creditor will make currency conversion at the rate published on the day of such
deduction.

 

		Article 7	Other Provisions

 

[None]

 

		Article 8	Contract Effectuation and Effectiveness

 

8.1          This
contract becomes effective after it is executed by the legal representatives of both parties.

 

8.2          The
effectiveness of this contract is independent of the Master Contract, and the invalidity of the Master Contract or the provisions
therein shall not the validity of this contract.

 

		Article 9	Liability for Breach

 

9.1          If
the representations made by the Guarantor in Article 3 herein are false, thus causing loss to the Creditor, the Guarantor must
be liable for damages.

 

    	4

    	 

    

 

9.2          If
the Guarantor refuses to perform its obligations specified herein or fails to perform them completely, the Guarantor must pay damages
to the Creditor in the amount of 10% of the loan principal under the Master Contract and compensate the Creditor for any losses.

 

9.3          If
this contract becomes invalid due to the Guarantor’s fault, the Guarantor must compensate the Creditor for all the resulting
losses within the scope of the guarantee.

 

		Article 10	Dispute Resolution

 

10.1        The
execution, performance and interpretation of this contract and the resolution of any dispute arising from this contract are governed
by the law of the People’s Republic of China.

 

10.2        Any
dispute arising from this contract must be resolved through consultation; if such consultation fails, it can be submitted to the
people’s court at Party B’s location.

 

10.3        If
the parties hereto have processed certification of enforcement power, the Creditor may directly appeal to the people’s court
for enforcement action.

 

This contract has one format and five counterparts
and all have the same legal effect.

 

		Guarantor:	/s/ WU Zishen

 

		Creditor:	/seal/ Shandong International Trust Company Limited

Legal Representative:   /s/ LI Xiaopeng

 

Joint Property Owner’s Statement:

 

The undersigned, YINPing, is the joint property
owner with the Guarantor of this contract. The undersigned has read this contract carefully and has full understanding of the contents
herein. The undersigned hereby agrees to use the property jointly owned with the Guarantor to provide joint and several liability
guarantee on the performance of this contract.

 

		Name:	YINPing

Personal ID No.: 150102196802260022

 

Joint Property Owner (Signature): /s/ YINPing

Date:

 

    	5Guarantee Contract 

 

(No. (2013) SDXTHS08 – YYFM01)

 

(Unofficial Selective Summary Translation)

 

		Guarantor:	Inner Mongolia Yongye Nongfeng Biotechnology Co., Ltd.

Legal Representative: SUN Xiaofeng

 

		Creditor:	Shandong International Trust Company Limited

Legal Representative: XIANG Kaijin

 

To ensure the performance by the debtor, Inner Mongolia Yongye
Fumin Biotechnology Co., Ltd., of the Trust Loan Contract (contract No. (2013) SDXTHS08 – YYFM) (“Master Contract)
between the debtor and the creditor, the Guarantor is willing to provide guarantee to the Creditor and the two parties have entered
into agreement as follows.

 

		Article 1	Claims Guaranteed and Scope of the Guarantee

 

1.1          The
claims guaranteed by the Guarantor are the claims under the Master Contract, in the amount of ¥80,000,000.00 as a liquid capital
trust loan. The interest rate and term of the loan are specified in the Master Contract.

 

1.2          The
scope of the guarantee is the loan principal, interest, compound and penalty interest, default damages and all the fees and expenses
incurred in the course of realizing the Creditor’s claims.

 

		Article 2	Responsibilities and Term of the Guarantee

 

2.1          The
guarantee hereunder is joint and several responsibility guarantee. If there are more than one guarantor for the Master Contract,
the Guarantor shall still bear full responsibility for guarantee within its scope.

 

2.2          The
Guarantor agrees that, if the debtor or any third party provided pledge or mortgage, the Creditor shall have the right to demand
that the Creditor immediately repay all the loan past due without having to exercise other rights.

 

2.3          The
term of the guarantee is one year after the expiration of the performance period for the debt under the Master Contract.

 

    	 

    	 

    

 

		Article 3	The Guarantor’s Representations and Warranties

 

3.1          The
Guarantor is a legal person duly established in accordance with the law of the PRC or a natural person with full capacity for civil
activities.

 

3.2          The
Guarantor fully understands the contents of the Master Contract and the execution and performance of this contract is the expression
of the Guarantor’s true intent. If the Guarantor is a legal, the Guarantor has obtained all due approval and authorization,
both internal and external, necessary for the execution of this contract. If the Guarantor is a natural person, the Guarantor has
obtained all necessary authorization and consent.

 

3.3          The
execution and performance of this contract will not violate any restrictions on the Guarantor or the Guarantor’s assets,
nor will they violate any other contracts or legal documents to which the Guarantor is a party.

 

3.4          All
the documents and information provided in during the course of execution and performance of this contract are valid, legal, truthful,
accurate and complete.

 

3.5          As
of the date of execution, the Guarantor is not involved in any litigation, arbitration, or administrative sanction; there exists
no instances of delinquency, material deterioration of repayment ability or insolvency or other adverse events that will affect
the Guarantor’s ability to provide guarantee.

 

		Article 4	The Guarantor’s Rights and Obligations

 

4.1          If
the debtor under the Master Contract fails to repay the principal and interest of the loan in full when it is due, the Creditor
must, within the scope of the guarantee, unconditionally repay all the amounts due to the Creditor.

 

4.2          The
Creditor agrees to provide cooperation, during the term of the guarantee, to the Creditor in its monitoring and review of the Creditor’s
income, business operation and financial situation.

 

4.3          Before
the full repayment of all the debt under the Master Contract, the Guarantor cannot exercise its right for compensation against
the debtor on the ground of the performance of this contract, except when such exercise leads to the performance of the obligation
to repay the Creditor on behalf of the Creditor or other guarantors.

 

4.4          In
event of the following, the Guarantor must notify the Creditor in advance or within 2 days of its occurrence:

 

(1)          Change
of operation structure such as subcontracting, lease, joint venture, M&A, spin-off, equity restructuring, etc.

 

(2)          Change
in the scope of operation, registered capital, equity or partners.

 

    	2

    	 

    

 

 

(3)          Involvement
in major economic dispute or likelihood to be forced to pay compensation or fines.

 

(4)          Ceasing
of business, suspension of operation, dissolution, filing for bankruptcy, revocation or suspension of business license (Note: if
the Guarantor is a natural person, the joint property owner must notify the Creditor in the event of the Guarantor’s death).

 

(5)          Material
adverse effect on the Guarantor’s ability to perform its obligations to provide guarantee because of other guarantee, pledge
or mortgage to a third party.

 

(6)          Execution
of other contracts that will have a material adverse effect on the Guarantor’s ability to perform its obligations to provide
guarantee.

 

(7)          Deterioration
of the Guarantor’s operation or financial situation or of the Guarantor’s income if the Guarantor is a natural person.

 

(8)          Engagement
in related party transactions with the Guarantor’s control person or major shareholder, thus affecting its normal operation.

 

(9)          Major
crisis in the operation or financial situation of Guarantor’s control person or affiliates, thus affecting its normal operation.

 

(10)        Change
of the Guarantor’s name, legal representative, address and contact information.

 

(11)        Other
events that will adversely affect the Guarantor’s ability to provide guarantee.

 

		Article 5	The Creditor’s Rights and Obligations

 

5.1          The
Creditor right to request the Guarantor to provide report on its income, operation and financial situation and other information
regarding its assets.

 

5.2          The
Creditor has the right to demand that the Guarantor assume the joint and several responsibilities for guarantee if the debtor fails
to repay the loan under the Master Contract.

 

5.3          The
Creditor has the right to transfer its claims without the need to obtain the approval of the Guarantor and the Guarantor must still
bear responsibility for guarantee with the scope specified herein.

 

5.4          During
the effective term of this contract, if the Guarantor changes its name, legal representative, address and contact information without
notifying the Creditor promptly, all notices or documents sent to the Guarantor based on contact information set forth herein will
be considered received by the Guarantor.

 

    	3

    	 

    

 

5.5          The
Creditor has the right to provide information on the Guarantor’s credit to bank regulatory organization, People’s Bank
of China or other financial monitoring agencies.

 

5.6          The
Creditor has the right to make announcement or publish information in the media if the Guarantor’s attempts to circumvent
the Creditor’s supervision, delay the performance of its obligation to guarantee or evade debts.

 

		Article 6	Deduction Provision

 

6.1          If
the debtor under the Master Contract fails to repay the loan in full at the expiration of the loan performance period, the Guarantor
hereby authorizes the Creditor to deduct funds from any of the Guarantor’s accounts set up with Baoshang Bank as repayment
of the loan without further authorization.

 

6.2          After
making such deduction, the Creditor must notify the Guarantor of the details of such deduction.

 

6.3          If
the deducted fund is in a different currency, the Creditor will make currency conversion at the rate published on the day of such
deduction.

 

		Article 7	Other Provisions

 

[None]

 

		Article 8	Contract Effectuation and Effectiveness

 

8.1          This
contract becomes effective after it is executed by the legal representatives of both parties.

 

8.2          The
effectiveness of this contract is independent of the Master Contract, and the invalidity of the Master Contract or the provisions
therein shall not the validity of this contract.

 

		Article 9	Liability for Breach

 

9.1          If
the representations made by the Guarantor in Article 3 herein are false, thus causing loss to the Creditor, the Guarantor must
be liable for damages.

 

    	4

    	 

    

 

9.2          If
the Guarantor refuses to perform its obligations specified herein or fails to perform them completely, the Guarantor must pay damages
to the Creditor in the amount of 10% of the loan principal under the Master Contract and compensate the Creditor for any losses.

 

9.3          If
this contract becomes invalid due to the Guarantor’s fault, the Guarantor must compensate the Creditor for all the resulting
losses within the scope of the guarantee.

 

		Article 10	Dispute Resolution

 

10.1        The
execution, performance and interpretation of this contract and the resolution of any dispute arising from this contract are governed
by the law of the People’s Republic of China.

 

10.2        Any
dispute arising from this contract must be resolved through consultation; if such consultation fails, it can be submitted to the
people’s court at Party B’s location.

 

10.3        If
the parties hereto have processed certification of enforcement power, the Creditor may directly appeal to the people’s court
for enforcement action.

 

This contract has one format and five counterparts
and all have the same legal effect.

 

		Guarantor:	/seal/ Inner Mongolia Yongye Nongfeng Biotechnology Co., Ltd.

Legal Representative:   /s/ SUN Xiaofeng

 

		Creditor:	/seal/ Shandong International Trust Company Limited

Legal Representative:   /s/ LI Xiaopeng

 

		Guarantor:	/s/ WU Zishen

 

    	5

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