Document:

EXHIBIT
      10.4

     

    CLOSING
      ESCROW AGREEMENT

     

    This
      Escrow Agreement, dated as of April 17, 2008 (this “Agreement”),
      is
      entered into by and among Inner Mongolia Yongye Nong Feng Biotechnology Co.,
      Ltd., a cooperative joint venture organized under the laws of the People’s
      Republic of China, with an address at 6th
      Floor,
      Suite 608 Xue Yuan International Tower, No. 1, Zhichu Road, Haidian District,
      Bejing, PRC (the “Company”),
      ROTH
      Capital Partners, LLC, having an address at 24 Corporate Plaza Drive, Newport
      Beach, CA 92660 (the “Placement Agent”), and Tri-State Title & Escrow, LLC,
      with its principal offices located at 360 Main Street, Washington, VA 22747
      (the
“Escrow
      Agent”).
      The
      Placement Agent and the Company are sometimes referred to herein as the
      Escrowing Parties.

     

    WITNESSETH:

     

    WHEREAS,
      the Company, is contemplating a reverse merger transaction with a public
      reporting company in the United States (“PubCo.”),
      which shall undertake a private offering pursuant to Rule 506 of Regulation
      D of
      the Securities Act of 1933, as amended (the “Offering”
and
      the
“Act,”
      respectively) of PubCo.’s common shares and warrants (collectively, the
“Securities”)
      on a
“best efforts” basis pursuant to a Securities Purchase Agreement, such offering
      to be made solely to accredited investors, as that term is defined in the Act;
      and

     

    WHEREAS,
      the Company and the Placement Agent desire to deposit all proceeds received
      from
      subscriptions for the Securities in the Offering (the “Escrowed
      Funds”)
      with
      the Escrow Agent, to be held in escrow until joint written instructions are
      received by the Escrow Agent from the Company and the Placement Agent, from
      time
      to time, at which time the Escrow Agent will disburse the Escrowed Funds in
      accordance with the instructions (a “Closing”);
      and

     

    WHEREAS,
      Escrow Agent is willing to hold the Escrowed Funds in escrow in subject to
      the
      terms and conditions of this Agreement.

     

    NOW,
      THEREFORE, in consideration of the mutual promises herein contained and
      intending to be legally bound, the parties hereby agree as follows:

     

    1. Appointment
      of Escrow Agent.
      The
      Company and the Placement Agent hereby appoint Escrow Agent
      as
      escrow agent in accordance with the terms and conditions set forth herein and
      the Escrow Agent hereby accepts such appointment.

     

    2. Delivery
      of the Escrowed Funds.

     

    2.1.
      The
      Placement Agent and/or the Company will direct subscribers in the Offering
      to
      deliver the Escrowed Funds to the Escrow Agent, addressed to the following
      account of the Escrow Agent:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Account
                Name:

            	
              Tri-State
                Title & Escrow, LLC

              (f/b/o
                Yongye Biotechnology International, Inc.) Escrow
                Account

            
	
              Bank:

            	
              Cardinal
                Bank, McLean, VA 22102

            
	
              Account
                No.:

            	
              5060024931

            
	
              ABA:

            	
              056008849

            

    

     

    2.2.
      (a)
      All Subscribers’ checks shall be made payable to “Tri-State Title & Escrow,
      LLC” and shall be delivered to the Escrow Agent at the address set forth on
      Exhibit A hereto and shall be accompanied by a written account of subscription
      in the form attached hereto as Exhibit
      B
      (the
“Subscription
      Information”).
      The
      Escrow Agent shall, upon receipt of a Subscription, together with the related
      Purchase Price therefore, deposit the related Purchase Price of said
      Subscription in the Escrow Account for collection; or (b) all funds to be wired
      shall be wired to the account set forth in Section 2.1 above and written
      Subscription Information shall be faxed or emailed to the Escrow Agent in
      accordance with the information provided on Exhibit
      A.

     

    2.3.
      Any
      checks which are received by Escrow Agent that are made payable to a party
      other
      than the Escrow Agent shall be returned directly to the Placement Agent together
      with any documents delivered therewith. Simultaneously with each deposit, the
      Placement Agent shall provide the Escrow Agent with the Subscription Information
      to include the name, address and taxpayer identification number of each
      Subscriber and of the aggregate principal amount of Securities subscribed for
      by
      such Subscriber. The Escrow Agent is not obligated, and may refuse, to accept
      checks that are not accompanied by a Subscription containing the requisite
      information.

     

    2.4.
      In
      the event a wire transfer is received by the Escrow Agent and the Escrow Agent
      has not received Subscription Information, the Escrow Agent shall notify the
      Placement Agent. If the Escrow Agent does not receive the Subscription
      Information by such Subscriber prior to close of business on the third business
      day (days other than a Saturday or Sunday or other day on which the Escrow
      Agent
      is not open for business in the State of Virginia) after notifying Placement
      Agent of receipt of said wire, the Escrow Agent shall return the funds to the
      prospective purchaser.

     

    3. Escrow
      Agent to Hold and Disburse Escrowed Funds.
      The
      Escrow Agent will hold and disburse the Escrowed Funds received by it pursuant
      to the terms of this Escrow Agreement, as follows:

     

    3.1.
      Upon
      receipt of joint instructions from the Company and the Placement Agent, in
      substantially the form of Exhibit
      C
      hereto,
      the Escrow Agent shall release the Escrowed Funds as directed in such
      instructions.

     

    3.2.
      In
      the event this Agreement, the Escrowed Funds or the Escrow Agent becomes the
      subject of litigation, or if the Escrow Agent shall desire to do so for any
      other reason, the Company authorizes the Escrow Agent, at its option, to deposit
      the Escrowed Funds with the clerk of the court in which the litigation is
      pending, or a court of competent jurisdiction if no litigation is pending,
      and
      thereupon the Escrow Agent shall be fully relieved and discharged of any further
      responsibility with regard thereto. The Company also authorizes the Escrow
      Agent, if it receives conflicting claims to the Escrow Funds, is threatened
      with
      litigation or if the Escrow Agent shall desire to do so for any other reason,
      to
      interplead all interested parties in any court of competent jurisdiction and
      to
      deposit the Escrowed Funds with the clerk of that court and thereupon the Escrow
      Agent shall be fully relieved and discharged of any further responsibility
      hereunder to the parties from which they were received.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    3.3.
      In
      the event that the Escrow Agent does not receive any instructions by a date
      that
      is 90 days from the date of this Agreement (the “Escrow
      Termination Date”),
      all
      Escrowed Funds shall be returned to the parties from which they were received,
      without interest thereon or deduction therefrom.

     

    4. Exculpation
      and Indemnification of Escrow Agent.

     

    4.1.
      The
      Escrow Agent shall haven no duties or responsibilities other than those
      expressly set forth herein. The Escrow Agent shall have no duty to enforce
      any
      obligation of any person to make any payment or delivery, or to direct or cause
      any payment or delivery to be made, or to enforce any obligation of any person
      to perform any other act. The Escrow Agent shall be under no liability to the
      other parties hereto or anyone else, by reason of any failure, on the part
      of
      any party hereto or any maker, guarantor, endorser or other signatory of a
      document or any other person, to perform such person’s obligations under any
      such document. Except for amendments to this Escrow Agreement referenced below,
      and except for written instructions given to the Escrow Agent by the Escrowing
      Parties relating to the Escrowed funds, the Escrow Agent shall not be obligated
      to recognize any agreement between or among any of the Escrowing Parties,
      notwithstanding that references hereto may be made herein and whether or not
      it
      has knowledge thereof.

     

    4.2.
      The
      Escrow Agent shall not be liable to the Company, the Placement Agent or to
      anyone else for any action taken or omitted by it, or any action suffered by
      it
      to be taken or omitted, in good faith and acting upon any order, notice, demand,
      certificate, opinion or advice of counsel (including counsel chosen by the
      Escrow Agent), statement, instrument, report, or other paper or document (not
      only as to its due execution and the validity and effectiveness of its
      provisions, but also as to the truth and acceptability of any information
      therein contained), which is believed by the Escrow Agent to be genuine and
      to
      be signed or presented by the proper person or persons. The Escrow Agent shall
      not be bound by any of the terms thereof, unless evidenced by written notice
      delivered to the Escrow Agent signed by the proper party or parties and, if
      the
      duties or rights of the Escrow Agent are affected, unless it shall give its
      prior written consent thereto.

     

    4.3.
      The
      Escrow Agent shall not be responsible for the sufficiency or accuracy of the
      form, or of the execution, validity, value or genuineness of, any document
      or
      property received, held or delivered to it hereunder, or of any signature or
      endorsement thereon, or for any lack of endorsement thereon, or for any
      description therein; nor shall the Escrow Agent be responsible or liable to
      the
      Company, the Placement Agent or to anyone else in any respect on account of
      the
      identity, authority or rights, of the person executing or delivering or
      purporting to execute or deliver any document or property or this Escrow
      Agreement. The Escrow Agent shall have no responsibility with respect to the
      use
      or application of the Escrowed Funds pursuant to the provisions
      hereof.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    4.4.
      The
      Escrow Agent shall have the right to assume, in the absence of written notice
      to
      the contrary from the proper person or persons, that a fact or an event, by
      reason of which an action would or might be taken by the Escrow Agent, does
      not
      exist or has not occurred, without incurring liability to the Company, the
      Placement Agent or to anyone else for any action taken or omitted to be taken
      or
      omitted, in good faith and in the exercise of its own best judgment, in reliance
      upon such assumption.

     

    4.5.
      To
      the extent that the Escrow Agent becomes liable for the payment of taxes,
      including withholding taxes, in respect of income derived from the investment
      of
      the Escrowed Funds, or any payment made hereunder, the Escrow Agent may pay
      such
      taxes; and the Escrow Agent may withhold from any payment of the Escrowed Funds
      such amount as the Escrow Agent estimates to be sufficient to provide for the
      payment of such taxes not yet paid, and may use the sum withheld for that
      purpose. The Escrow Agent shall be indemnified and held harmless against any
      liability for taxes and for any penalties in respect of taxes, on such
      investment income or payments in the manner provided in Section
      4.6.

     

    4.6.
      The
      Escrow Agent will be indemnified and held harmless by the Company and the
      Placement Agent from and against all expenses, including all counsel fees and
      disbursements, or loss suffered by the Escrow Agent in connection with any
      action, suit or proceedings involving any claim, or in connection with any
      claim
      or demand, which in any way, directly or indirectly, arises out of or relates
      to
      this Escrow Agreement, the services of the Escrow Agent hereunder, except for
      claims relating to gross negligence by Escrow Agent or breach of this Escrow
      Agreement by the Escrow Agent, or the monies or other property held by it
      hereunder. Promptly after the receipt of the Escrow Agent of notice of any
      demand or claim or the commencement of any action, suit or proceeding, the
      Escrow Agent shall, if a claim in respect thereof is to be made against an
      Escrowing Party, notify each of them thereof in writing, but the failure by
      the
      Escrow Agent to give such notice shall not relieve any such party from any
      liability which an Escrowing Party may have to the Escrow Agent hereunder.
      Notwithstanding any obligation to make payments and deliveries hereunder, the
      Escrow Agent may retain and hold for such time as it deems necessary such amount
      of monies or property as it shall, from time to time, in its sole discretion,
      seem sufficient to indemnify itself for any such loss or expense and for any
      amounts due it under Section 7.

     

    4.7.
      For
      purposes hereof, the term “expense or loss” shall include all amounts paid or
      payable to satisfy any claim, demand or liability, or in settlement of any
      claim, demand, action, suit or proceeding settled with the express written
      consent of the Escrow Agent, and all costs and expenses, including, but not
      limited to, counsel fees and disbursements, paid or incurred in investigating
      or
      defending against any such claim, demand, action, suit or proceeding. 5.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    5. Termination
      of Agreement and Resignation of Escrow Agent  

     

    5.1.
      This
      Escrow Agreement shall terminate upon disbursement of all of the Escrowed Funds,
      provided that the rights of the Escrow Agent and the obligations of the Company
      and the Placement Agent under Section 4 shall survive the termination
      hereof.

     

    5.2.
      The
      Escrow Agent may resign at any time and be discharged from its duties as Escrow
      Agent hereunder by giving the Company and the Placement Agent at least five
      (5)
      business days written notice thereof (the “Notice Period”). As soon as
      practicable after its resignation, the Escrow Agent shall, if it receives notice
      from the Company and the Placement Agent within the Notice Period, turn over
      to
      a successor escrow agent appointed by the Company and the Placement Agent all
      Escrowed Funds (less such amount as the Escrow Agent is entitled to retain
      pursuant to Section 7) upon presentation of the document appointing the new
      escrow agent and its acceptance thereof. If no new agent is so appointed within
      the Notice Period, the Escrow Agent shall return the Escrowed Funds to the
      parties from which they were received without interest or decoction. 6.

     

    6. Form
      of Payments by Escrow Agent.

     

    6.1.
      Any
      payments of the Escrowed Funds by the Escrow Agent pursuant to the terms of
      this
      Escrow Agreement shall be made by wire transfer unless directed to be made
      by
      check by the Escrowing Parties.

     

    6.2.
      All
      amounts referred to herein are expressed in United States Dollars and all
      payments by the Escrow Agent shall be made in such dollars.

     

    7. Compensation.
      Escrow
      Agent shall be entitled to the following compensation from the
      Company:

     

    7.1.
      Documentation
      Fee:
      The
      Company shall pay a documentation fee to the Escrow Agent of $4,000, out of
      the
      first Closing. 

     

    7.2.
      Closing
      Fee:
      The
      Company shall pay a fee of $500 to the Escrow Agent at each Closing. For
      purposes of this Section 7.2, a Closing shall mean each time the Escrow Agent
      receives joint instructions from the Company and the Placement Agent to disburse
      Escrowed Funds in accordance with the terms of this Agreement.

     

    7.3.
      Interest:
      The
      Company hereby agrees that Escrow Agent shall retain 100% of the interest earned
      during the time the Escrowed Funds are held in escrow hereunder.

     

    8. Notices.
      All
      notices, requests, demands, and other communications provided herein shall
      be in
      writing, shall be delivered by hand or by first-class mail, shall be deemed
      given when received and shall be addressed to parties hereto at their respective
      addresses first set forth on Exhibit
      A
      hereto.

     

    9. Further
      Assurances From
      time
      to time on and after the date hereof, the Company and the Placement Agent shall
      deliver or cause to be delivered to the Escrow Agent such further documents
      and
      instruments and shall do and cause to be done such further acts as the Escrow
      Agent shall reasonably request (it being understood that the Escrow Agent shall
      have no obligation to make any such request) to carry out more effectively
      the
      provisions and purposes of this Escrow Agreement, to evidence compliance
      herewith or to assure itself that it is protected in acting
      hereunder.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    10. Consent
      to Service of Process The
      Company and the Placement Agent hereby irrevocably consent to the jurisdiction
      of the courts of the State of New York and of any Federal court located in
      such
      state in connection with any action, suit or proceedings arising out of or
      relating to this Escrow Agreement or any action taken or omitted hereunder,
      and
      waives personal service of any summons, complaint or other process and agrees
      that the service thereof may be made by
      certified or registered mail directed to it at the address listed on
Exhibit
      A
      hereto.

     

    11. Miscellaneous.

     

    11.1.
      This Escrow Agreement shall be construed without regard to any presumption
      or
      other rule requiring construction against the party causing such instrument
      to
      be drafted. The terms “hereby,” “hereof,” “hereunder,” and any similar terms, as
      used in this Escrow Agreement, refer to the Escrow Agreement in its entirety
      and
      not only to the particular portion of this Escrow Agreement where the term
      is
      used. The word “person” shall mean any natural person, partnership, corporation,
      government and any other form of business of legal entity. All words or terms
      used in this Escrow Agreement, regardless of the number or gender in which
      they
      were used, shall be deemed to include any other number and any other gender
      as
      the context may require. This Escrow Agreement shall not be admissible in
      evidence to construe the provisions of any prior agreement. 

     

    11.2.
      This Escrow Agreement and the rights and obligations hereunder of the Company
      and Placement Agent may not be assigned. This Escrow Agreement and the rights
      and obligations hereunder of the Escrow Agent may be assigned by the Escrow
      Agent. This Escrow Agreement shall be binding upon and inure to the benefit
      of
      each party’s respective successors, heirs and permitted assigns. No other person
      shall acquire or have any rights under or by virtue of this Escrow Agreement.
      This Escrow Agreement may not be changed orally or modified, amended or
      supplemented without an express written agreement executed by the Escrow Agent
      and all Escrowing Parties. This Escrow Agreement is intended to be for the
      sole
      benefit of the parties hereto and their respective successors, heirs and
      permitted assigns, and none of the provisions of this Escrow Agreement are
      intended to be, nor shall they be construed to be, for the benefit of any third
      person.

     

    11.3.
      This Escrow Agreement shall be governed by, and construed in accordance with,
      the internal laws of the State of Virginia. The representations and warranties
      contained in this Escrow Agreement shall survive the execution and delivery
      hereof and any investigations made by any party. The headings in this Escrow
      Agreement are for purposes of reference only and shall not limit or otherwise
      affect any of the terms thereof. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    12. Execution
      of Counterparts. This
      Escrow Agreement may be executed in a number of counterparts, by facsimile,
      each
      of which shall be deemed to be an original as of those whose signature appears
      thereon, and all of which shall together constitute one and the same instrument.
      This Escrow Agreement shall become binding when one or more of the counterparts
      hereof, individually or taken together, are signed by all the
      parties

     

    [THE
      REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

    [SIGNATURE
      PAGES TO FOLLOW].

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed and delivered this Escrow Agreement
      on the day and year first above written.

     

     

    ESCROW
      AGENT:

     

    TRI-STATE
      TITLE & ESCROW, LLC

     

    
      	
              By:

            	
              /s/
                Guy W. Turner

            
	
              Name:
                Guy W. Turner

            
	
              Title:
                President

            

    

    

    THE
      COMPANY: 

     

    INNER
      MONGOLIA YONGYE NONG FENG BIOTECHNOLOGY CO., LTD.

     

    
      	
              By:

            	
              /s/
                Zishen Wu

            
	
              Name:
                Zishen Wu

            
	
              Title:
                CEO

            

    

    

    THE
      PLACEMENT AGENT:

     

    ROTH
      Capital Partners, LLC

     

    
      	
              By:
                

            	
              /s/
                Aaron Gurewitz

            
	
              Name:
                Aaron Gurewitz

            
	
              Title:
                Managing Director, Equity Capital
                Markets

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    PARTIES
      TO AGREEMENT

     

    THE
      COMPANY:

     

    INNER
      MONGOLIA YONGYE NONG FENG BIOTECHNOLOGY CO., LTD.

    6th
      Floor
      Xue Yuan International Tower

    No.
      1,
      Zhi Chu Road, Hai Dian District

    Bejing,
      PRC

    Tel:
      +86.10.8231.8626

    Fax:
      +86.10.8231.1797

     

    
      	
              /s/
                Zishen Wu

            
	
              (Signature)

            
	
              Name:

            	
              Zishen
                Wu

            
	
              Title:

            	
              CEO

            

    

     

    THE
      ESCROW AGENT:

     

    TRI-STATE
      TITLE & ESCROW, LLC

    360
      Main
      Street

    Washington,
      VA 22747

    Tel:
      (540) 675-2155

    (800)
      984-2155

    Fax:
      (540) 675-3155

     

    
      	
              /s/
                Guy W. Turner

            
	
              (Signature)

            
	
              Name:
                Guy W. Turner

            
	
              Title:
                President

            

    

     

    THE
      PLACEMENT AGENT:

     

    ROTH
      CAPITAL PARTNERS, LLC

    24
      Corporate Plaza Drive

    Newport
      Beach, CA 92660

    Tel:
      (949) 720-5700

    Fax:
      (949) 720-7223

     

    
      	
              By:

            	
              /s/
                Aaron Gurewitz

            
	
              (Signature)

            
	
              Name:
                Aaron Gurewitz

            
	
              Title:
                 Managing
                Director, Equity Capital Markets

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    :

    EXHIBIT
      B

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Marion
                Lynton

            
	
              Address
                of Investor:

            	
              Ardsley
                Partners

            
	 	
              262
                Harbor Drive, 4th
                Floor

            
	 	
              Stamford,
                CT 06902 

            
	 	
              Attn:
                Steven Napoli

            
	 	
              Tel;
                203-564-4230 

            
	 	
              Fax:
                203-355-0715

            
	
              Aggregate
                Purchase Price:

            	
              $43,878.60

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              28,500

            
	
              Aggregate
                Number of Warrants:

            	
              7,125

            
	
              Taxpayer
                ID Number:

            	 
	
              Social
                Security Number:

            	
              ###-##-####

            

    

     

    
      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Ardsley
                Partners Fund II, LP

            
	
              Address
                of Investor:

            	
              c/o
                Ardsley Partners

            
	 	
              262
                Harbor Drive, 4th
                Floor

            
	 	
              Stamford,
                CT 06902 

            
	 	
              Attn:
                Steven Napoli

            
	 	
              Tel;
                203-564-4230 

            
	 	
              Fax:
                203-355-0715

            
	
              Aggregate
                Purchase Price:

            	
              $1,708,956.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              1,110,000

            
	
              Aggregate
                Number of Warrants:

            	
              277,500

            
	
              Taxpayer
                ID Number:

            	
              13-3476175

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Ardsley
                Offshore Fund, Ltd.

            
	
              Address
                of Investor:

            	
              Ardsley
                Partners

            
	 	
              262
                Harbor Drive, 4th
                Floor

            
	 	
              Stamford,
                CT 06902 

            
	 	
              Attn:
                Steven Napoli

            
	 	
              Tel;
                203-564-4230 

            
	 	
              Fax:
                203-355-0715

            
	
              Aggregate
                Purchase Price:

            	
              $1,108,512

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              720,000

            
	
              Aggregate
                Number of Warrants:

            	
              180,000

            
	
              Taxpayer
                ID Number:

            	
              n/a

            
	
              Social
                Security Number:

            	 

    

     

    
      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Ardsley
                Partners Institutional Fund, LP

            
	
              Address
                of Investor:

            	
              Ardsley
                Partners

            
	 	
              262
                Harbor Drive, 4th
                Floor

            
	 	
              Stamford,
                CT 06902 

            
	 	
              Attn:
                Steven Napoli

            
	 	
              Tel;
                203-564-4230 

            
	 	
              Fax:
                203-355-0715

            
	
              Aggregate
                Purchase Price:

            	
              $1,139,304

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              740,000

            
	
              Aggregate
                Number of Warrants:

            	
              185,000

            
	
              Taxpayer
                ID Number:

            	
              06-1399855

            
	
              Social
                Security Number:

            	 

    

     

    
      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Special
                Situations Private Equity Fund, L.P.

            
	
              Address
                of Investor:

            	
              c/o
                Special Situations Private Equity Fund, L.P.

            
	 	
              527
                Madison Avenue, Suite 2600

            
	 	
              New
                York, New York 10022 

            
	 	
              Attn:
                Marianne Hicks/Austin Marxe

            
	 	
              Tel:
                631-725-3779 ext 3

            
	 	
              Fax:
                212-319-6670

            
	
              Aggregate
                Purchase Price:

            	
              $700,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              454,664

            
	
              Aggregate
                Number of Warrants:

            	
              113,666

            
	
              Taxpayer
                ID Number:

            	
              13-3916551

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Special
                Situations Cayman Fund, L.P.

            
	
              Address
                of Investor:

            	
              c/o
                Special Situations Private Equity Fund, L.P.

            
	 	
              527
                Madison Avenue, Suite 2600

            
	 	
              New
                York, New York 10022 

            
	 	
              Attn:
                Marianne Hicks/Austin Marxe

            
	 	
              Tel:
                631-725-3779 ext 3

            
	 	
              Fax:
                212-319-6670

            
	
              Aggregate
                Purchase Price:

            	
              $1,300,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              844,375

            
	
              Aggregate
                Number of Warrants:

            	
              211,094

            
	
              Taxpayer
                ID Number:

            	
              98-0132442

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Jayhawk
                Private Equity Fund, LP

            
	
              Address
                of Investor:

            	
              c/o
                Jayhawk Capital

            
	 	
              5410
                West 61st
                Place, Suite 100

            
	 	
              Mission,
                KS 66205

            
	 	
              Attn;
                Michael Schmitz 

            
	 	
              Tel:
                913-642-2611

            
	 	
              Fax:
                913-642-8661

            
	
              Aggregate
                Purchase Price:

            	
              $940,767.34

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              611,047

            
	
              Aggregate
                Number of Warrants:

            	
              152,762

            
	
              Taxpayer
                ID Number:

            	
              20-5004931

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Jayhawk
                Private Equity Co-Invest Fund, LP

            
	
              Address
                of Investor:

            	
              c/o
                Jayhawk Capital

            
	 	
              5410
                West 61st
                Place, Suite 100

            
	 	
              Mission,
                KS 66205

            
	 	
              Attn:Michael
                Schmitz 

            
	 	
              Tel:
                913-642-2611

            
	 	
              Fax:
                913-642-8661

            
	
              Aggregate
                Purchase Price:

            	
              $59,232.66

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              38,473

            
	
              Aggregate
                Number of Warrants:

            	
              9,618

            
	
              Taxpayer
                ID Number:

            	
              20-5249125

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Strauss
                Partners, LP

            
	
              Address
                of Investor:

            	
              c/o
                Straus Asset Management

            
	 	
              320
                Park Avenue, 10th
                Floor

            
	 	
              New
                York, New York 10022

            
	 	
              Attn:
                Craig Connors

            
	 	
              Tel:
                212-415-7274

            
	 	
              Fax:
                212415-7256

            
	
              Aggregate
                Purchase Price:

            	
              $300,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              194,856

            
	
              Aggregate
                Number of Warrants:

            	
              48,714

            
	
              Taxpayer
                ID Number:

            	
              13-3976076

            
	
              Social
                Security Number:

            	 

    

     

    
      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Strauss-GEPT
                Partners, LP

            
	
              Address
                of Investor:

            	
              c/o
                Straus Asset Management

            
	 	
              320
                Park Avenue, 10th
                Floor

            
	 	
              New
                York, New York 10022

            
	 	
              Attn:
                Craig Connors

            
	 	
              Tel:
                212-415-7274

            
	 	
              Fax:
                212415-7256

            
	
              Aggregate
                Purchase Price:

            	
              $200,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              129,904

            
	
              Aggregate
                Number of Warrants:

            	
              32,476

            
	
              Taxpayer
                ID Number:

            	
              13-4054804

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Bai
                Ye Feng

            
	
              Address
                of Investor:

            	
              Bai
                Ye Feng

            
	 	
              Room
                1001, Tung Choi Building

            
	 	
              86
                Wellington Street

            
	 	
              Central
                Hong Kong

            
	 	
              Tel:+852-975-81851

            
	 	
              Fax:
                +852-301-58525

            
	
              Aggregate
                Purchase Price:

            	
              $450,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              292,284

            
	
              Aggregate
                Number of Warrants:

            	
              73,071

            
	
              Taxpayer
                ID Number:

            	 
	
              Social
                Security Number:

            	
              n/a

            

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Chestnut
                Ridge Partners, LP 

            
	
              Address
                of Investor:

            	
              c/o
                Chestnut Ridge, L.P.

            
	 	
              50
                Tice Blvd

            
	 	
              Woodcliff
                lake, NJ 07677

            
	 	
              Attn:
                Kenneth Holz

            
	 	
              Tel:
                201-802-9494

            
	 	
              Fax:
                201-802-9450 

            
	
              Aggregate
                Purchase Price:

            	
              $275,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              178,618

            
	
              Aggregate
                Number of Warrants:

            	
              44,654

            
	
              Taxpayer
                ID Number:

            	
              03-0404154

            
	
              Social
                Security Number:

            	 

    

     

    
      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              MidSouth
                Investor Fund LP

            
	
              Address
                of Investor:

            	
              c/o
                Heidtke & Company, Ltd. 

            
	 	
              201
                4th
                Avenue. North, Suite 1950

            
	 	
              Nashville,
                TN 37219

            
	 	
              Attn:
                L.O. Heidtke

            
	 	
              Tel:
                615-254-0992

            
	 	
              Fax:
                615-254-1603

            
	
              Aggregate
                Purchase Price:

            	
              $250,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              162,380

            
	
              Aggregate
                Number of Warrants:

            	
              40,595

            
	
              Taxpayer
                ID Number:

            	
              58-2566576

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Richard
                D. Squires

            
	
              Address
                of Investor:

            	
              (SPI
                Holdings) Richard D. Squires

            
	 	
              100
                Crescent Court, Suite 450

            
	 	
              Dallas,
                TX 75201

            
	 	
              Attn:
                Richard Squires

            
	 	
              Tel:
                214-270-2150

            
	 	
              Fax:
                214-468-8870

            
	
              Aggregate
                Purchase Price:

            	
              $100,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              64,952

            
	
              Aggregate
                Number of Warrants:

            	
              16,238

            
	
              Taxpayer
                ID Number:

            	 
	
              Social
                Security Number:

            	
              ###-##-####

            

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Andrew
                Park

            
	
              Address
                of Investor:

            	
              c/o
                Spyglass Capital Partners, LLC

            
	 	
              201
                Post Street, 11th
                Floor

            
	 	
              San
                Francisco, CA 94108

            
	 	
              Attn:
                Andrew Park

            
	 	
              Tel:
                415-394-3409

            
	 	
              Fax:
                415-946-3555

            
	
              Aggregate
                Purchase Price:

            	
              $75,000.00

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              48,714

            
	
              Aggregate
                Number of Warrants:

            	
              12,178

            
	
              Taxpayer
                ID Number:

            	 
	
              Social
                Security Number:

            	
              ###-##-####

            

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              BTG
                Investments

            
	
              Address
                of Investor:

            	
              24
                Corporate plaza

            
	 	
              New
                Port Beach, CA 92660

            
	 	
              Attn:
                Gordon Roth

            
	 	
              (949)
                720-5774

            
	 	
              (949)
                720-7241

            
	 	 
	
              Aggregate
                Purchase Price:

            	
              $725,000

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              470,902

            
	
              Aggregate
                Number of Warrants:

            	
              117,726

            
	
              Taxpayer
                ID Number:

            	
              20-0306951

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Coronado
                Capital Partners

            
	
              Address
                of Investor:

            	
              c/o
                MS Howells

            
	 	
              20555
                North Pina Road

            
	 	
              Scottsdale,
                AZ 85255

            
	 	
              Attn:
                Zach Easton

            
	 	
              (480)
                415-0093

            
	 	 
	
              Aggregate
                Purchase Price:

            	
              $250,000

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              162,380

            
	
              Aggregate
                Number of Warrants:

            	
              40,595

            
	
              Taxpayer
                ID Number:

            	
              20-2427088

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              SEI
                Private Trust Co FAO The JM Smucker Co. Master Trust

            
	
              Address
                of Investor:

            	
              1
                Freedom Valley Drive

            
	 	
              Oaks,
                PA 19456

            
	 	
              Attn:
                Suzanne Rokosny

            
	 	 
	 	 
	 	 
	
              Aggregate
                Purchase Price:

            	
              $350,000

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              227,332

            
	
              Aggregate
                Number of Warrants:

            	
              56,833

            
	
              Taxpayer
                ID Number:

            	
              23-3060382

            
	
              Social
                Security Number:

            	 

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    INVESTMENT
      INFORMATION FORM

    

    
      	
              Name
                of Investor:

            	
              Cooper
                Family Trust dtd 08/01/04

            
	
              Address
                of Investor:

            	
              c/o
                Roth Capital Partners

            
	 	
              24
                Corporate Plaza Drive

            
	 	
              Newport
                Beach CA 92660

            
	 	
              Attn:
                Chad Cooper

            
	 	 
	 	 
	
              Aggregate
                Purchase Price:

            	
              $25,000

            
	
              Aggregate
                Number of Shares of Common Stock:

            	
              16,238

            
	
              Aggregate
                Number of Warrants:

            	
              4,060

            
	
              Taxpayer
                ID Number:

            	 
	
              Social
                Security Number:

            	
              ###-##-####

            

    

    

      Exhibit
        B

    

    
      
        Investment
          Information Form

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C

    FORM
      OF
      DISBURSEMENT REQUEST

     

    April__,
      2008

     

    TRI-STATE
      TITLE & ESCROW, LLC, as
      Escrow Agent

    360
      Main
      Street

    Washington,
      VA 22747

     

    
      	
            	Re:	
              Yongye
                Biotechnology International, Inc.

            

      	 	 	Disbursement
              Request and Wire Transfer
              Instructions 

    

     

    Ladies
      and Gentlemen:

     

    Pursuant
      to that certain Closing Escrow Agreement by and among Inner Mongolia Yongye
      Nong
      Feng Biotechnology Co., Ltd., ROTH Capital Partners, LLC, and the Escrow Agent
      the undersigned hereby request disbursement of funds by wire transfer from
      Account ABA #056008849, Cardinal Bank, McLean, VA 22102, Account # 5060024931,
      styled Tri-State Title & Escrow, LLC (f/b/o Yongye Biotechnology
      International, Inc.) Escrow Account per the instructions set forth on
Schedule
      1
      attached
      hereto.

     

     

    
      	
              INNER
                MONGOLIA YONGYE NONG FENG

              BIOTECHNOLOGY
                CO., LTD.

               

            
	
              By:
                

            	 
	
              Name:

            	 
	
              Title:

            	 
	 	 
	 	 
	
              ROTH
                CAPITAL PARTNERS, LLC

               

            
	
              By:
                

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    
       

      Schedule
        1 Follows

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      
         

      

    

    
      	 	 	 
	 	 	 
	
              Amount:

            	
              $

            	 
	
              Payee:

            	 
	
              Signatories:

            	 
	
              Payee
                Bank:

            	 
	
              ABA
                No.:

            	 
	
              Account
                No.:

            	 
	
              Swift
                Code: 

            	 
	
              Swift
                Code:

            	 
	
              Reference:

            	 
	 	 
	 	 	 
	
              Amount:

            	
              $

            	 
	
              Payee:

            	 
	
              Payee
                Bank:

            	 
	
              Account
                Name:

            	 
	
              ABA
                No.:

            	 
	
              Account
                No.:

            	 
	
              Swift
                Code: 

            	 
	
              Bank
                Code:

            	 
	
              Reference:

            	 
	 	 
	 	 	 
	
              Amount:

            	
              $

            	 
	
              Payee:

            	 
	
              Payee
                Bank:

            	 
	
              Account
                Name:

            	 
	
              ABA
                No.:

            	 
	
              Account
                No.:

            	 
	
              Swift
                Code: 

            	 
	
              Reference:EXHIBIT
      10.5

    Sales
      Contract

    

    Party
      A:
      Inner Mongolia Yongye Biotechnology Co., Ltd.

    

    Party
      B:
      Inner Mongolia Yongye Nongfeng Biotechnology Co., Ltd.

     

    
      	
              1.

            	
              This
                Sales Contract is entered into as of the April 1, 2008 between Party
                A and
                Party B to purchase the entire year’s finished goods from Party A,
                according to the Cooperation
                Agreement made
                on January 15, 2008 between Party A and Party
                B.

            

    

     

    
      	
              2.

            	
              Party
                B agrees to purchase 430,000 cases of ShengMingSu for plants from
                Party A
                during the year. Party B also agrees that the first lot of 217,500
                cases
                of finished goods include 165,000 pieces of ShengMingSu for plants
                and
                52,500 cases of ShengMingSu for animals and these wll be supplied
                by Party
                A as a part of the finished goods for this
                year.

            

    

     

    
      	
              3.

            	
              As
                for the remaining 265,000 cases of ShengMingSu for plants, Party
                A will
                supply 50,000 cases each month for the months April, May, June and
                July,
                2008 according to the orders of Party B.  The remaining 65,000 cases
                should be supplied to Party B under orders of Party B in the fourth
                quarter. The pricing of the products mentioned above is covered under
                the
                Cooperation Agreement on 
                January 15, 2008.

            

    

     

    
      	
              4.

            	
              Party
                A should guarantee that the products are supplied in line with the
                required quantity and time of the orders of Party B. If the supply
                exceeds
                the time limit or the quantity is not sufficient, Party B has the
                right to
                pursue liability on the part of Party A and to receive compensation
                from
                Party A.

            

    

     

    
      	
              5.

            	
              Any
                issues not mentioned in this agreement shall be settled through
                negotiation between both parties.

            

    

     

    
      	
              6.

            	
              The
                contract is in duplicate of the same form, each party holds
                one.

            

    

     

    
      	
              7.

            	
              This
                contract will take effect only after both parties
                stamped.

            

    

    

    

    Stamp
      of
      Party A: 

    Sealed
      by
      Inner Mongolia Yongye Biotechnology Co., Ltd. 

    Date: April
      1,
      2008 

    

    Stamp
      of
      Party B: 

    Sealed
      by
      Inner Mongolia Yongye Nongfeng Viotechnology Co., Ltd.

    Date:
      April
      1,
      2008

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]