Document:

April 1, 2011 8K Exhibit 10.1

          Exhibit 10.1 

CREDIT AGREEMENT

THIS CREDIT AGREEMENT (this "Agreement") is entered into as of April 1, 2011, by and between S&W
SEED COMPANY, a Delaware corporation ("Borrower"), and WELLS FARGO BANK, NATIONAL ASSOCIATION
("Bank").

RECITALS

Borrower has requested that Bank extend or continue credit to Borrower as described
below, and Bank has agreed to provide such credit to Borrower on the terms and conditions contained herein.

NOW, THEREFORE, for valuable consideration , the receipt and sufficiency of which are hereby acknowledged,
Bank and Borrower hereby agree as follows:

ARTICLE I

CREDIT TERMS

SECTION 1.1. LINE OF CREDIT.

	Line of Credit. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make
advances to Borrower from time to time up to and including April 1, 2012, not to exceed at any time the aggregate
principal amount of Five Million Dollars ($5,000,000.00) ("Line of Credit"), the proceeds of which shall be used to finance
Borrower's working capital requirements. Borrower's obligation to repay advances under the Line of Credit shall be
evidenced by a promissory note dated as of April 1, 2011 ("Line of Credit Note"), all terms of which are incorporated
herein by this reference.

	Borrowing and Repayment. Borrower may from time to time during the term of the Line of Credit borrow,
partially or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions
contained herein or in the Line of Credit Note; provided however, that the total outstanding borrowings under the Line of
Credit shall not at any time exceed the maximum principal amount available thereunder, as set forth above.

SECTION 1.2. INTEREST/FEES.

	Interest.  The outstanding principal balance of each credit subject hereto shall bear
interest at the rate of interest set forth in each promissory note or other instrument or document executed in connection
therewith.

	Computation and Payment.  Interest shall be computed on the basis of a 360-day year, actual
days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or
document required hereby.

	Unused Commitment Fee.  Borrower shall pay to Bank a fee equal to one-half of one percent (.50%) per
annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line
of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in
arrears within ten (10) days after each billing is sent by Bank.

                                                   -1-

SECTION 1.3. COLLECTION OF PAYMENTS. Borrower authorizes Bank to collect all principal, interest and fees
due under each credit subject hereto by charging Borrower's deposit account number 4124921867 with Bank, or any
other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds
in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due
and payable by Borrower.

SECTION 1.4. COLLATERAL.

As security for all indebtedness and other obligations of Borrower to Bank, Borrower shall grant to Bank security
interests of first priority in: (a) all of Borrower's accounts, deposit accounts, chattel paper (whether electronic of tangible),
instruments, promissory notes, documents, general intangibles, payment intangibles, software, letter of credit rights,
health-care insurance receivables and other rights to payment; (b) all of Borrower's inventory, goods held for sale or
lease or to be furnished under contracts for service, goods so leased or furnished, raw materials, component parts and
embedded software, work in process or materials used or consumed in Borrower's business and all warehouse receipts,
bills of lading and other documents evidencing goods owned or acquired by Borrower and all goods covered thereby,
wherever located; (c) all of Borrower's goods, tools, machinery, furnishings, furniture and other equipment; and (d) all
products of any of the foregoing, together with whatever is receivable of received when any of the foregoing is sold,
leased, collected, exchanged or otherwise disposed of, whether such disposition is voluntary or involuntary. All of the
foregoing shall be evidenced by and subject to the terms of such security agreements, financing statements and other
documents as Bank shall reasonably require, all in form and substance satisfactory to Bank.

Borrower shall pay to Bank immediately upon demand the full amount of all charges, costs and expenses (to include
fees paid to third parties and all allocated costs of Bank personnel), expended or incurred by Bank in connection with
any of the foregoing security, including without limitation, filing and recording fees and costs of appraisals, audits and
title insurance.

ARTICLE II

REPRESENTATIONS AND WARRANTIES

Borrower makes the following representations and warranties to Bank, which representations and warranties
shall survive the execution of this Agreement and shall continue in full force and effect until the full and final payment,
and satisfaction and discharge, of all obligations of Borrower to Bank subject to this Agreement.

SECTION 2.1. LEGAL STATUS. Borrower is a corporation, duly organized and existing and in good standing under
the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if
applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to
be so licensed could have a material adverse effect on Borrower.

SECTION 2.2. AUTHORIZATION AND VALIDITY. This Agreement and each promissory note, contract, instrument
and other document required hereby or at any time hereafter delivered to Bank in connection herewith (collectively, the
"Loan Documents") have been duly authorized, and upon their execution and delivery in accordance with the provisions
hereof will constitute legal, valid and binding agreements and obligations of Borrower or the party which executes the
same, enforceable in accordance with their respective terms.

                                                   -2-

SECTION 2.3. NO VIOLATION. The execution, delivery and performance by Borrower of each of the Loan
Documents do not violate any provision of any law or regulation, or contravene any provision of the Certificate of
Incorporation or By-Laws of Borrower, or result in any breach of or default under any contract, obligation, indenture or
other instrument to which Borrower is a party or by which Borrower may be bound.

SECTION 2.4. LITIGATION. There are no pending, or to the best of Borrower's knowledge threatened, actions,
claims, investigations, suits or proceedings by or before any governmental authority, arbitrator, court or administrative
agency which could have a material adverse effect on the financial condition or operation of Borrower other than those
disclosed by Borrower to Bank in writing prior to the date hereof.

SECTION 2.5. CORRECTNESS OF FINANCIAL STATEMENT. The annual financial statements of Borrower at and
as of June 30, 2010, and all interim financial statements delivered to Bank since said date, true copies of which have
been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct and present fairly the financial
condition of Borrower, (b) disclose all liabilities of Borrower that are required to be reflected or reserved against under
generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) have been
prepared in accordance with generally accepted accounting principles consistently applied. Since the dates of such
financial statements there has been no material adverse change in the financial condition of Borrower, nor has Borrower
mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in
favor of Bank or as otherwise permitted by Bank in writing.

SECTION 2.6. INCOME TAX RETURNS. Borrower has no knowledge of any pending assessments or adjustments
of its income tax payable with respect to any year.

SECTION 2.7. NO SUBORDINATION. There is no agreement, indenture, contract or instrument
to which Borrower is a party or by which Borrower may be bound that requires the subordination in right of payment of
any of Borrower's obligations subject to this Agreement to any other obligation of Borrower.

SECTION 2.8. PERMITS, FRANCHISES. Borrower possesses, and will hereafter possess, all permits, consents,
approvals, franchises and licenses required and rights to all trademarks, trade names, patents, and fictitious names, if
any, necessary to enable it to conduct the business in which it is now engaged in compliance with applicable law.

SECTION 2.9.ERISA. Borrower is in compliance in all material respects with all applicable provisions of the
Employee Retirement Income Security Act of 1974, as amended or recodified from time to time ("ERISA"); Borrower has
not violated any provision of any defined employee pension benefit plan (as defined in ERISA) maintained or contributed
to by Borrower (each, a "Plan"); no Reportable Event as defined in ERISA has occurred and is continuing with respect to
any Plan initiated by Borrower; Borrower has met its minimum funding requirements under ERISA with respect to each
Plan; and each Plan will be able to fulfill its benefit obligations as they come due in accordance with the Plan documents
and under generally accepted accounting principles.

SECTION 2.10. OTHER OBLIGATIONS. Borrower is not in default on any obligation for borrowed money, any
purchase money obligation or any other material lease, commitment, contract, instrument or obligation.

                                                   -3-

SECTION 2.11. ENVIRONMENTAL MATTERS. Except as disclosed by Borrower to Bank in writing prior to the date
hereof, Borrower is in compliance in all material respects with all applicable federal or state environmental, hazardous
waste, health and safety statutes, and any rules or regulations adopted pursuant thereto, which govern or affect any of
Borrower's operations and/or properties, including without limitation, the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, the Superfund Amendments and Reauthorization Act of 1986, the Federal
Resource Conservation and Recovery Act of 1976, and the Federal Toxic Substances Control Act, as any of the same
may be amended, modified or supplemented from time to time. None of the operations of Borrower is the subject of any
federal or state investigation evaluating whether any remedial action involving a material expenditure is needed to
respond to a release of any toxic or hazardous waste or substance into the environment. Borrower has no material
contingent liability in connection with any release of any toxic or hazardous waste or substance into the
environment.

ARTICLE III

CONDITIONS

SECTION 3.1. CONDITIONS OF INITIAL EXTENSION OF CREDIT. The obligation of Bank
to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the
following conditions:

(a)Approval of Bank Counsel.  All legal matters incidental to the extension of credit by Bank shall be
satisfactory to Bank's counsel.

(b)Documentation.  Bank shall have received, in form and substance satisfactory to Bank, each of the
following, duly executed:

	This Agreement and each promissory note or other instrument or document required hereby.
	Certificate of Incumbency.
	Corporate Resolution: Borrowing.
	Disbursement Order.
	Security Agreement; Borrower: Continuing Rights to Payments and Inventory.
	Security Agreement; Borrower: Equipment.
	Such other documents as Bank may require under any other Section of this Agreement.

(c)Financial Condition.  There shall have been no material adverse change, as
determined by Bank, in the financial condition or business of Borrower, nor any material decline, as determined by Bank,
in the market value of any collateral required hereunder or a substantial or material portion of the assets of
Borrower.

(d)Insurance. Borrower shall have delivered to Bank evidence of insurance
coverage on all Borrower's property, in form, substance, amounts, covering risks and issued by companies satisfactory
to Bank, and where required by Bank, with loss payable endorsements in favor of Bank.

                                                   -4-

SECTION 3.2. CONDITIONS OF EACH EXTENSION OF CREDIT. The obligation of Bank to
make each extension of credit requested by Borrower hereunder shall be subject to the fulfillment to Bank's satisfaction
of each of the following conditions:

	Compliance.  The representations and warranties contained herein and in each of the other Loan
Documents shall be true on and as of the date of the signing of this Agreement and on the date of each extension of
credit by Bank pursuant hereto, with the same effect as though such representations and warranties had been made on
and as of each such date, and on each such date, no Event of Default as defined herein, and no condition, event or act
which with the giving of notice or the passage of time or both would constitute such an Event of Default, shall have
occurred and be continuing or shall exist.

	Documentation.  Bank shall have received all additional documents which may be required in connection
with such extension of credit.

ARTICLE IV

AFFIRMATIVE COVENANTS

Borrower covenants that so long as Bank remains committed to extend credit to Borrower pursuant hereto, or
any liabilities (whether direct or contingent, liquidated or unliquidated) of Borrower to Bank under any of the Loan
Documents remain outstanding, and until payment in full of all obligations of Borrower subject hereto, Borrower shall,
unless Bank otherwise consents in writing:

SECTION 4.1. PUNCTUAL PAYMENTS. Punctually pay all principal, interest, fees or other
liabilities due under any of the Loan Documents at the times and place and in the manner specified therein.

SECTION 4.2. ACCOUNTING RECORDS. Maintain adequate books and records in accordance
with generally accepted accounting principles consistently applied, and permit any representative of Bank, at any
reasonable time, to inspect, audit and examine such books and records, to make copies of the same, and to inspect the
properties of Borrower.

SECTION 4.3. FINANCIAL STATEMENTS. Provide to Bank all of the following, in form and detail satisfactory to
Bank:

	not later than 50 days after the end of the first three fiscal quarters, a quarterly report on form 10-Q as filed with the
Securities and Exchange Commission, containing unaudited financial statements for such period;
	not later than 105 days after the end of each fiscal year, an annual report on form 10-K as filed with the
Securities and Exchange Commission, containing audited financial statements for such fiscal year; and
	from time to time such other information as Bank may reasonably request.

SECTION 4.4. COMPLIANCE. Preserve and maintain all licenses, permits, governmental approvals, rights,
privileges and franchises necessary for the conduct of its business; and comply with the provisions of all documents
pursuant to which Borrower is organized and/or which govern Borrower's continued existence and with the requirements
of all 

                                                   -5-

laws, rules, regulations and orders of any governmental authority applicable to Borrower and/or its business.

SECTION 4.5.INSURANCE. Maintain and keep in force, for each business in which Borrower is engaged,
insurance of the types and in amounts customarily carried in similar lines of business, including but not limited to fire,
extended coverage, public liability, flood, property damage and workers' compensation, with all such insurance carried
with companies and in amounts satisfactory to Bank, and deliver to Bank from time to time at Bank's request schedules
setting forth all insurance then in effect.

SECTION 4.6.FACILITIES. Keep all properties useful or necessary to Borrower's business in good repair and
condition, and from time to time make necessary repairs, renewals and replacements thereto so that such properties
shall be fully and efficiently preserved and maintained.

SECTION 4.7. TAXES AND OTHER LIABILITIES. Pay and discharge when due any and all indebtedness,
obligations, assessments and taxes, both real or personal, including without limitation federal and state income taxes
and state and local property taxes and assessments, except (a) such as Borrower may in good faith contest or as to
which a bona fide dispute may arise, and (b) for which Borrower has made provision, to Bank's satisfaction, for eventual
payment thereof in the event Borrower is obligated to make such payment.

SECTION 4.8.LITIGATION. Promptly give notice in writing to Bank of any litigation pending or threatened
against Borrower.

SECTION 4.9.FINANCIAL CONDITION. Maintain Borrower's financial condition as follows using generally
accepted accounting principles consistently applied and used consistently with prior practices (except to the extent
modified by the definitions herein):

	Working Capital not less than $10,0 00,000.00 at each fiscal quarter end, with "Working Capital" defined as total
current assets minus total current liabilities.
	Tangible Net Worth not less than $13,000,000.00 at each fiscal quarter end, with "Tangible Net Worth"
defined as the aggregate of total stockholders' equity plus subordinated debt less any intangible assets and less any
loans or advances to, or investments in, any related entities or individuals.

	Quick Ratio not less than: (a) 1.50 to 1.0 at each fiscal quarter ending December
31, March 31 and June 30 and at month ending October 31; and (b) 1.25 to 1.0 at the fiscal quarter ending September
30. As used herein, "Quick Ratio" is defined as the aggregate of unrestricted cash, unrestricted marketable securities
and receivables convertible into cash dividend by total current liabilities.

SECTION 4.10. NOTICE TO BANK. Promptly (but in no event more than five (5) days after the occurrence of each
such event or matter) give written notice to Bank in reasonable detail of: (a) the occurrence of any Event of Default, or
any condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of
Default; (b) any change in the name or the organizational structure of Borrower; (c) the occurrence and nature of any
Reportable Event or Prohibited Transaction, each as defined in ER ISA, or any funding deficiency with respect to any
Plan; or (d) any termination or cancellation of any insurance policy which Borrower is required to maintain, or any
uninsured or partially uninsured loss 

                                                   -6-

through liability or property damage, or through fire, theft or any other cause affecting Borrower's property.

ARTICLE V

NEGATIVE COVENANTS

Borrower further covenants that so long as Bank remains committed to extend credit to Borrower pursuant
hereto, or any liabilities (whether direct or contingent, liquidated or unliquidated) of Borrower to Bank under any of the
Loan Documents remain outstanding, and until payment in full of all obligations of Borrower subject hereto, Borrower will
not without Bank's prior written consent:

SECTION 5.1. USE OF FUNDS. Use any of the proceeds of any credit extended hereunder except for the purposes
stated in Article I hereof.

SECTION 5.2. CAPITAL EXPENDITURES. Make any additional investment in fixed assets in any fiscal year, in
excess of an aggregate of $500,000.00.

SECTION 5.3. LEASE EXPENDITURES. Incur operating lease expense in any fiscal year in excess of an aggregate
of $250,000.00.

SECTION 5.4. OTHER INDEBTEDNESS. Create, incur, assume or permit to exist any indebtedness or liabilities
resulting from borrowings, loans or advances, whether secured or unsecured, matured or unmatured, liquidated or
unliquidated, joint or several, except (a) the liabilities of Borrower to Bank, (b) any other liabilities of Borrower existing as
of, and disclosed to Bank prior to, the date hereof, and (c) liabilities not to exceed an aggregate of $1,300,000.00 at any
time.

SECTION 5.5. MERGER, CONSOLIDATION, TRANSFER OF ASSETS. Merge into or consolidate with any other
entity.; make any substantial change in the nature of Borrower's business as conducted as of the date hereof; acquire all
or substantially all of the assets of any other entity; nor sell, lease, transfer or otherwise dispose of all or a substantial or
material portion of Borrower's assets except (a) in the ordinary course of its business, and (b) the acquisition of Imperial
Valley Milling Corporation and Imperial Valley Seeds Inc.

SECTION 5.6. GUARANTIES. Guarantee or become liable in any way as surety, endorser (other than as endorser
of negotiable instruments for deposit or collection in the ordinary course of business), accommodation endorser or
otherwise for, nor pledge or hypothecate any assets of Borrower as security for, any liabilities or obligations of any other
person or entity, except any of the foregoing in favor of Bank.

SECTION 5.7. LOANS, ADVANCES, INVESTMENTS. Make any loans or advances to or
investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date
hereof.

SECTION 5.8. PLEDGE OF ASSETS. Mortgage, pledge, grant or permit to exist a security interest in, or lien upon,
all or any portion of Borrower's assets now owned or hereafter acquired, except any of the foregoing in favor of Bank or
which is existing as of, and disclosed to Bank in writing prior to, the date hereof.

                                                   -7-

ARTICLE VI

EVENTS OF DEFAULT

SECTION 6.1.The occurrence of any of the following shall constitute an "Event of Default' under this
Agreement:

	Borrower shall fail to pay when due any principal, interest, fees or other amounts payable under any of the Loan
Documents.

	Any financial statement or certificate furnished to Bank in connection with, or any
representation or warranty made by Borrower or any other party under this Agreement or any other Loan Document
shall prove to be incorrect, false or misleading in any material respect when furnished or made.

	Any default in the performance of or compliance with any obligation, agreement or other
provision contained herein or in any other Loan Document (other than those specifically described as an "Event of
Default" in this section 6.1), and with respect to any such default that by its nature can be cured, such default shall
continue for a period of twenty (20) days from its occurrence.
	Any default in the payment or performance of any obligation, or any defined event of default, under the terms of any
contract, instrument or document (other than any of the Loan Documents) pursuant to which Borrower, any guarantor
hereunder or any general partner or joint venturer in Borrower if a partnership or joint venture (with each such guarantor,
general partner and/or joint venturer referred to herein as a "Third Party Obligor") has incurred any debt or other liability
to any person or entity, including Bank.
	Borrower or any Third Party Obligor shall become insolvent, or shall suffer or consent to or apply for the
appointment of a receiver, trustee, custodian or liquidator of itself or any of its property, or shall generally fail to pay its
debts as they become due, or shall make a general assignment for the benefit of creditors; Borrower or any Third Party
Obligor shall file a voluntary petition in bankruptcy, or seeking reorganization, in order to effect a plan or other
arrangement with creditors or any other relief under the Bankruptcy Reform Act, Title 11 of the United States Code, as
amended or recodified from time to time ("Bankruptcy Code"), or under any state or federal law granting relief to debtors,
whether now or hereafter in effect; or Borrower or any Third Party Obligor shall file an answer admitting the jurisdiction of
the court and the material allegations of any involuntary petition; or Borrower or any Third Party Obligor shall be
adjudicated a bankrupt, or an order for relief shall be entered against Borrower or any Third Party Obligor by any court of
competent jurisdiction under the Bankruptcy Code or any other applicable state or federal law relating to bankruptcy,
reorganization or other relief for debtors.
	The filing of a notice of judgment lien against Borrower or any Third Party Obligor; or the recording of any abstract
of judgment against Borrower or any Third Party Obligor in any county in which Borrower or such Third Party Obligor has
an interest in real property; or the service of a notice of levy and/or of a writ of attachment or execution, or other like
process, against the assets of Borrower or any Third Party Obligor; or the entry of a judgment against Borrower or any
Third Party Obligor; or any involuntary petition or proceeding pursuant to the Bankruptcy Code or any other applicable
state or federal law relating to bankruptcy, reorganization or other relief for debtors is filed or commenced against
Borrower or any Third Party Obligor. There shall exist or occur any event or condition that Bank in good faith believes
impairs, or is substantially likely to impair, the prospect of payment or performance by Borrower, any Third Party Obligor,
or the general partner of either if such entity is a partnership, of its obligations under any of the Loan
Documents.

                                                   -8-

	There shall exist or occur any event or condition that Bank in good faith believes impairs, or is substantially likely to
impair, the prospect of payment or performance by Borrower, any Third Party Obligor, or the general partner of either if
such entity is a partnership, of its obligations under any of the Loan Documents.
	The death or incapacity of Borrower or any Third Party Obligor if an individual. The dissolution or liquidation of
Borrower or any Third Party Obligor if a corporation, partnership, joint venture or other type of entity; or Borrower or any
such Third Party Obligor, or any of its directors, stockholders or members, shall take action seeking to effect the
dissolution or liquidation of Borrower or such Third Party Obligor.
	Any change in control of Borrower or any entity or combination of entities that directly or indirectly control Borrower,
with "control" defined as ownership of an aggregate of twenty-five percent (25%) or more of the common stock,
members' equity or other ownership interest (other than a limited partnership interest).

SECTION 6.2.REMEDIES. Upon the occurrence of any Event of Default: (a) all indebtedness of Borrower under
each of the Loan Documents, any term thereof to the contrary notwithstanding, shall at Bank's option and without notice
become immediately due and payable without presentment, demand, protest or notice of dishonor, all of which are
hereby expressly waived by Borrower; (b) the obligation, if any, of Bank to extend any further credit under any of the
Loan Documents shall immediately cease and terminate; and (c) Bank shall have all rights, powers and remedies
available under each of the Loan Documents, or accorded by law, including without limitation the right to resort to any or
all security for any credit subject hereto and to exercise any or all of the rights of a beneficiary or secured party pursuant
to applicable law. All rights, powers and remedies of Bank may be exercised at any time by Bank and from time to time
after the occurrence of an Event of Default, are cumulative and not exclusive, and shall be in addition to any other rights,
powers or remedies provided by law or equity.

ARTICLE VII

MISCELLANEOUS

SECTION 7.1. NO WAIVER. No delay, failure or discontinuance of Bank in exercising any
right, power or remedy under any of the Loan Documents shall affect or operate as a waiver of such right, power or
remedy; nor shall any single or partial exercise of any such right, power or remedy preclude, waive or otherwise affect
any other or further exercise thereof or the

exercise of any other right, power or remedy. Any waiver, permit, consent or approval of any kind
by Bank of any breach of or default under any of the Loan Documents must be in writing and shall be effective only to
the extent set forth in such writing.

SECTION 7.2.NOTICES. All notices, requests and demands which any party is required or may desire to give
to any other party under any provision of this Agreement must be in writing delivered to each party at the following
address:

BORROWER: S&W SEED COMPANY

                   25552 S. Butte Ave. 

                   Five Points, CA 93624

                                                   -9-

BANK:WELLS FARGO BANK, NATIONAL ASSOCIATION

             8405 N. Fresno St., 2nd Floor

             Fresno, CA 93720

or to such other address as any party may designate by written notice to all other parties. Each such notice, request
and demand shall be deemed given or made as follows: (a) if sent by hand delivery, upon delivery; (b) if sent by mail,
upon the earlier of the date of receipt or three (3) days after deposit in the U.S. mail, first class and postage prepaid; and
(c) if sent by telecopy, upon receipt.

SECTION 7.3. COSTS, EXPENSES AND ATTORNEYS' FEES. Borrower shall pay to Bank immediately upon
demand the full amount of all payments, advances, charges, costs and expenses, including reasonable attorneys' fees
(to include outside counsel fees and all allocated costs of Bank's in-house counsel), expended or incurred by Bank in
connection with (a) the negotiation and preparation of this Agreement and the other Loan Documents, Bank's continued
administration hereof and thereof, and the preparation of any amendments and waivers hereto and thereto, (b) the
enforcement of Bank's rights and/or the collection of any amounts which become due to Bank under any of the Loan
Documents, and (c) the prosecution or defense of any action in any way related to any of the Loan Documents, including
without limitation, any action for declaratory relief, whether incurred at the trial or appellate level, in an arbitration
proceeding or otherwise, and including any of the foregoing incurred in connection with any bankruptcy proceeding
(including without limitation, any adversary proceeding, contested matter or motion brought by Bank or any other person)
relating to Borrower or any other person or entity.

SECTION 7.4. SUCCESSORS, ASSIGNMENT. This Agreement shall be binding upon and inure to the benefit of the
heirs, executors, administrators, legal representatives, successors and assigns of the parties; provided however, that
Borrower may not assign or transfer its interests or rights hereunder without Bank's prior written consent. Bank reserves
the right to sell, assign, transfer, negotiate or grant participations in all or any part of, or any interest in, Bank's rights and
benefits under each of the Loan Documents. In connection therewith, Bank may disclose all documents and information
which Bank now has or may hereafter acquire relating to any credit subject hereto, Borrower or its business, or any
collateral required hereunder.

SECTION 7.5. ENTIRE AGREEMENT; AMENDMENT. This Agreement and the other Loan
Documents constitute the entire agreement between Borrower and Bank with respect to each credit subject hereto and
supersede all prior negotiations, communications, discussions and correspondence concerning the subject matter
hereof. This Agreement may be amended or modified only in writing signed by each party hereto.

SECTION 7.6. NO THIRD PARTY BENEFICIARIES. This Agreement is made and entered into for the sole
protection and benefit of the parties hereto and their respective permitted successors and assigns, and no other person
or entity shall be a third party beneficiary of, or have any direct or indirect cause of action or claim in connection with,
this Agreement or any other of the Loan Documents to which it is not a party.

SECTION 7.7. TIME. Time is of the essence of each and every provision of this Agreement and each other of the
Loan Documents.

                                                   -10-

SECTION 7.8. SEVERABILITY OF PROVISIONS. If any provision of this Agreement shall be prohibited by or invalid
under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity without
invalidating the remainder of such provision or any remaining provisions of this Agreement.

SECTION 7.9. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which
when executed and delivered shall be deemed to be an original, and all of which when taken together shall constitute
one and the same Agreement.

SECTION 7.10. GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the
laws of the State of California.

SECTION 7.11. ARBITRATION.

	Arbitration.  The parties hereto agree, upon demand by any party, to submit to binding arbitration all
claims, disputes and controversies between or among them (and their respective employees, officers, directors,
attorneys, and other agents), whether in tort, contract or otherwise in any way arising out of or relating to (i) any credit
subject hereto, or any of the Loan Documents, and their negotiation, execution, collateralization, administration,
repayment, modification, extension, substitution, formation, inducement, enforcement, default or termination; or (ii)
requests for additional credit.

	Governing Rules.  Any arbitration proceeding will (i) proceed in a location in California selected
by the American Arbitration Association ("AAA"); (ii) be governed by the Federal Arbitration Act (Title 9 of the United
States Code), notwithstanding any conflicting choice of law provision in any of the documents between the parties; and
(iii) be conducted by the AAA, or such other administrator as the parties shall mutually agree upon, in accordance with
the AAA's commercial dispute resolution procedures, unless the claim or counterclaim is at least $1,000,000.00
exclusive of claimed interest, arbitration fees and costs in which case the arbitration shall be conducted in accordance
with the AAA's optional procedures for large, complex commercial disputes (the commercial dispute resolution
procedures or the optional procedures for large, complex commercial disputes to be referred to herein, as applicable, as
the "Rules"). If there is any inconsistency between the terms hereof and the Rules, the terms and procedures set forth
herein shall control. Any party who fails or refuses to submit to arbitration following a demand by any other party shall
bear all costs and expenses incurred by such other party in compelling arbitration of any dispute. Nothing contained
herein shall be deemed to be a waiver by any party that is a bank of the protections afforded to it under 12 U.S.C.  91 or
any similar applicable state law.

	No Waiver of Provisional Remedies, Self-Help and Foreclosure.  The arbitration requirement
does not limit the right of any party to (i) foreclose against real or personal property collateral; (ii) exercise self-help
remedies relating to collateral or proceeds of collateral such as setoff or repossession; or (iii) obtain provisional or
ancillary remedies such as replevin, injunctive relief, attachment or the appointment of a receiver, before during or after
the pendency of any arbitration proceeding. This exclusion does not constitute a waiver of the right or obligation of any
party to submit any dispute to arbitration or reference hereunder, including those arising from the exercise of the actions
detailed in sections (i), (ii) and (iii) of this paragraph.

	Arbitrator Qualifications and Powers.  Any arbitration proceeding in which the amount in
controversy is $5,000,000.00 or less will be decided by a single arbitrator selected 

                                                   -11-

according to the Rules, and who shall not render an award of greater than $5,000,000.00. Any dispute in which the
amount in controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three arbitrators; provided
however, that all three arbitrators must actively participate in all hearings and deliberations. The arbitrator will be a
neutral attorney licensed in the State of California or a neutral retired judge of the state or federal judiciary of California,
in either case with a minimum of ten years experience in the substantive law applicable to the subject matter of the
dispute to be arbitrated. The arbitrator will determine whether or not an issue is arbitratable and will give effect to the
statutes of limitation in determining any claim. In any arbitration proceeding the arbitrator will decide (by documents only
or with a hearing at th e arbitrator's discretion) any pre-hearing motions which are similar to motions to dismiss for failure
to state a claim or motions for summary adjudication. The arbitrator shall resolve all disputes in accordance with the
substantive law of California and may grant any remedy or relief that a court of such state could order or grant within the
scope hereof and such ancillary relief as is necessary to make effective any award. The arbitrator shall also have the
power to award recovery of all costs and fees, to impose sanctions and to take such other action as the arbitrator deems
necessary to the same extent a judge could pursuant to the Federal Rules of Civil Procedure, the California Rules of
Civil Procedure or other applicable law. Judgment upon the award rendered by the arbitrator may be entered in any
court having jurisdiction. The institution and maintenance of an action for judicial relief or pursuit of a provisional or
ancillary remedy shall not constitute a waiver of the right of any party, including the plaintiff, to submit the controversy or
claim to arbitration if any other party contests such action for judicial relief.

	Discovery.  In any arbitration proceeding, discovery will be permitted in accordance with the Rules. All
discovery shall be expressly limited to matters directly relevant to the dispute being arbitrated and must be completed no
later than 20 days before the hearing date. Any requests for an extension of the discovery periods, or any discovery
disputes, will be subject to final determination by the arbitrator upon a showing that the request for discovery is essential
for the party's presentation and that no alternative means for obtaining information is available.

	Class Proceedings and Consolidations.  No party hereto shall be entitled
to join or consolidate disputes by or against others in any arbitration, except parties who have executed any Loan
Document, or to include in any arbitration any dispute as a representative or member of a class, or to act in any
arbitration in the interest of the general public or in a private attorney general capacity.

	Payment Of Arbitration Costs And Fees.  The arbitrator shall award all costs and expenses of the
arbitration proceeding.

	Real Property Collateral; Judicial Reference. Notwithstanding anything herein to the contrary, no dispute
shall be submitted to arbitration if the dispute concerns indebtedness secured directly or indirectly, in whole or in part, by
any real property unless (i) the holder of the mortgage, lien or security interest specifically elects in writing to proceed
with the arbitration, or (ii) all parties to the arbitration waive any rights or benefits that might accrue to them by virtue of
the single action rule statute of California, thereby agreeing that all indebtedness and obligations of the parties, and all
mortgages, liens and security interests securing such indebtedness and obligations, shaII remain fully valid and
enforceable. If any such dispute is not submitted to arbitration, the dispute shall be referred to a referee in accordance
with California Code of Civil Procedure Section 638 et seq., and this general reference agreement is intended to be
specifically enforceable in accordance with said Section 638. A referee with the qualifications required herein for
arbitrators shall be selected pursuant to the AAA's selection procedures. Judgment upon the decision rendered by a
referee shall be entered in the court in 

                                                   -12-

which such proceeding was commenced in accordance with California Code of Civil Procedure Sections 644 and
645.

	Miscellaneous.  To the maximum extent practicable, the AAA, the arbitrators and the parties shall take all
action required to conclude any arbitration proceeding within 180 days of the filing of the dispute with the AAA. No
arbitrator or other party to an arbitration proceeding may disclose the existence, content or results thereof, except for
disclosures of information by a party required in the ordinary course of its business or by applicable law or regulation. If
more than one agreement for arbitration by or between the parties potentially applies to a dispute, the arbitration
provision most directly related to the Loan Documents or the subject matter of the dispute shall control. This arbitration
provision shall survive termination, amendment or expiration of any of the Loan Documents or any relationship between
the parties.

	Small Claims Court.  Notwithstanding anything herein to the contrary, each party retains the right to pursue
in Small Claims Court any dispute within that court's jurisdiction. Further, this arbitration provision shall apply only to
disputes in which either party seeks to recover an amount of money (excluding attorneys' fees and costs) that exceeds
the jurisdictional limit of the Small Claims Court.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first
written above.

	
 

S&W SEED COMPANY 

By:/s/ Matthew K. Szot 

#9;Matthew K. Szot, Vice President Finance

Chief Financial Officer

	
WELLS FARGO BANK,

NATIONAL ASSOCIATION

By:/s/ Rodney J. Krouskup

       Rodney J. Krouskup, Vice President

                                                  -13-April 1, 2011 8K Exhibit 10.2

          EXHIBIT  10.2 

REVOLVING LINE OF CREDIT NOTE

	
$5,000,000.00

	
Fresno, California

April 1, 2011

FOR VALUE RECEIVED, the undersigned S&W SEED COMPANY ("Borrower") promises to pay to the order of
WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank") at its office at 8405 N. Fresno St., 2nd
Floor, Fresno, California, 93720 or at such other place as the holder hereof may designate, in lawful money of
the United States of America and in immediately available funds, the principal sum of Five Million Dollars
($5,000,000.00), or so much thereof as may be advanced and be outstanding, with interest thereon, to be computed on
each advance from the date of its disbursement as set forth herein.

DEFINITIONS:

As used herein, the following terms shall have the meanings set forth after each, and any other term defined in this
Note shall have the meaning set forth at the place defined:

	"Business Day" means any day except a Saturday, Sunday or any other day on which commercial banks in
California are authorized or required by law to close.

	"Daily One Month LIBOR" means, for any day, the rate of interest equal to LIBOR then in effect for delivery for a
one (1) month period.

	"LIBOR" means the rate per annum (rounded upward, if necessary, to the nearest whole 1/8 of 1%) and determined
pursuant to the following formula:

LIBOR =                 
                                       
                                         Base LIBOR
                                       
                                

                                          100% - LIBOR Reserve Percentage

	"Base LIBOR" means the rate per annum for United States dollar deposits quoted by Bank as the Inter-Bank Market
Offered Rate, with the understanding that such rate is quoted by Bank for the purpose of calculating effective rates of
interest for loans making reference thereto, for delivery of funds for one (1) month in an amount equal to the outstanding
principal balance of this Note. Borrower understands and agrees that Bank may base its quotation of the Inter-Bank
Market Offered Rate upon such offers or other market indicators of the Inter-Bank Market as Bank in its discretion
deems appropriate including, but not limited to, the rate offered for U.S. dollar deposits on the London Inter-Bank
Market.

	"LIBOR Reserve Percentage" means the reserve percentage prescribed by the Board of
Governors of the Federal Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D
of the Federal Reserve Board, as am ended), adjusted by Bank for expected changes in such reserve percentage during
the term of this Note.

INTEREST:

	Interest. The outstanding principal balance of this Note shall bear interest (computed on the basis of a 360-day
year, actual days elapsed) at a fluctuating rate per annum determined by Bank to be two percent (2.00%) above
Daily One Month LIBOR in effect from time to time. Each change in the rate of interest hereunder shall become effective
on each 

                                                  -1-

Business Day a change in Daily One Month LIBOR is announced within Bank. Bank is hereby authorized to note the
date and interest rate applicable to this Note and any payments made thereon on Bank's books and records (either
manually or, by electronic entry) and/or on any schedule attached to this Note, which notations shall be prim a facie
evidence of the accuracy of the information noted.

	Taxes and Regulatory Costs.  Borrower shall pay to Bank immediately upon demand, in addition to any
other amounts due or to become due hereunder, any and all (i) withholdings, interest equalization taxes, stamp taxes or
other taxes (except income and franchise taxes) imposed by any domestic or foreign governmental authority and related
in any manner to LIBOR, and (ii) future, supplemental, emergency or other changes in the LIBOR Reserve Percentage,
assessment rates imposed by the Federal Deposit Insurance Corporation, or similar requirements or costs imposed by
any domestic or foreign governmental authority or resulting from compliance by Bank with any request or directive
(whether or not having the force of law) from any central bank or other governmental authority and related in any manner
to LIBOR to the extent they are not included in the calculation of LIBOR. In determining which of the foregoing are
attributable to any LIBOR option available to Borrower hereunder, any reasonable allocation made by Bank among its
operations shall be conclusive and binding upon Borrower.

	Payment of Interest. Interest accrued on this Note shall be payable on the 15th day of each month,
commencing May 15, 2011.

	Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing
hereunder becomes due and payable by acceleration or otherwise, or at Bank's option upon the occurrence, and during
the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest at an increased
rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the
rate of interest from time to time applicable to this Note.

BORROWING AND REPAYMENT:

	Borrowing and Repayment.  Borrower may from time to time during the term of this Note borrow, partially
or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions of this
Note and of any document executed in connection with or governing this Note; provided however, that the total
outstanding borrowings under this Note shall not at any time exceed the principal amount stated above. The unpaid
principal balance of this obligation at any time shall be the total amounts advanced hereunder by the holder hereof less
the amount of principal payments made hereon by or for Borrower, which balance may be endorsed hereon from time to
time by the holder. The outstanding principal balance of this Note shall be due and payable in full on April 1, 2012.

	Advances.  Advances hereunder, to the total amount of the principal sum stated above, may be made by
the holder at the oral or written request of (i) Mark S. Grewal or Matthew K. Szot, any one acting alone, who are
authorized to request advances and direct the disposition of any advances until written notice of the revocation of such
authority is received by the holder at the office designated above, or (ii) any person, with respect to advances deposited
to the credit of any deposit account of Borrower, which advances, when so deposited, shall be conclusively presumed to
have been made to or for the benefit of Borrower regardless of the fact that persons other than those authorized to
request advances may have authority to draw 

                                                  -2-

against such account. The holder shall have no obligation to determine whether any person requesting an advance
is or has been authorized by Borrower.

	Application of Payments.  Each payment made on this Note shall be credited first, to any interest
then due and second, to the outstanding principal balance hereof.

EVENTS OF DEFAULT:

This Note is made pursuant to and is subject to the terms and conditions of that certain Credit Agreement between
Borrower and Bank dated as of April 1, 2011, as amended from time to time (the "Credit Agreement"). Any default in the
payment or performance of any obligation under this Note, or any defined event of default under the Credit Agreement,
shall constitute an "Event of Default" under this Note.

MISCELLANEOUS:

	Remedies.  Upon the occurrence of any Event of Default, the holder of this Note, at the holder's option,
may declare all sums of principal and interest outstanding hereunder to be immediately due and payable without
presentment, demand, notice of nonperformance, notice of protest, protest or notice of dishonor, all of which are
expressly waived by Borrower, and the obligation, if any, of the holder to extend any further credit hereunder shall
immediately cease and terminate. Borrower shall pay to the holder immediately upon demand the full amount of all
payments, advances, charges, costs and expenses, including reasonable attorneys' fees (to include outside counsel
fees and all allocated costs of the holder's in-house counsel), expended or incurred by the holder in connection with the
enforcement of the holder's rights and/or the collection of any amounts which become due to the holder under this Note,
and the prosecution or defense of any action in any way related to this Note, including without limitation, any action for
declaratory relief, whether incurred at the trial or appellate level, in an arbitration proceeding or otherwise, and including
any of the foregoing incurred in connection with any bankruptcy proceeding (including without limitation, any adversary
proceeding, contested matter or motion brought by Bank or any other person) relating to Borrower or any other person
or entity.

	Obligations Joint and Several.  Should more than one person or entity sign this Note as a Borrower, the
obligations of each such Borrower shall be joint and several.

	Governing Law.  This Note shall be governed by and construed in accordance with the laws of the State of
California.

IN WITNESS WHEREOF, the undersigned has executed this Note as of the date first written above.

S&W SEED COMPANY

By:/s/ Matthew K. Szot              

     Matthew K. Szot, Vice President of Finance, Chief
      Financial Officer

                                                  -3-

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