Document:

WAIVER
      AND CONSENT

    

    THIS
      WAIVER AND CONSENT (this “Agreement”)
      is
      made on the 4th
      of
      April, 2008 by and among CHINA GREEN AGRICULTURE, INC., a Nevada corporation
      (the “Company”),
      and
      each of the other signatories hereto (collectively, the “Investors”,
      each
      signatory, “Investor”).
      Each
      of the capitalized terms not otherwise defined herein shall have the meanings
      ascribed to them in the SPA (as defined below).

    

    RECITALS:

    

    WHEREAS,
      on
      December 26, 2007 (the “Closing Date”), the Company and the Investors, along
      with other investors, consummated a private placement by entering into a
      Securities Purchase Agreement (the “SPA”) and its ancillary documents (including
      the Holdback Escrow Agreement) pursuant to which the Company issued and sold
      to
      the Investors an aggregate of 6,313,616 shares of common stock of the Company
      for a total of $20,519,255; 

    

    WHEREAS,
      pursuant to Section 4.15 of the SPA and Section 3.2 of the Holdback Escrow
      Agreement, the Company is obligated to hire a chief financial officer (“CFO”)
      who is a
      certified public accountant or possesses experience such that he or she can
      reasonably serve as a chief financial officer, fluent in English, and
who
      has a
      working familiarity with (i) US GAAP and (ii) auditing procedures and compliance
      for United States public companies no later than three months following the
      Closing Date (the “CFO Deadline”); 

    

    WHEREAS,
      the
      Company has made efforts to seek a qualified CFO during the past three months
      and has not been successful as of the date of this Agreement. The Company is
      continuing to make the efforts and anticipates it can hire a qualified CFO
      by
      April 25, 2008;

    

    NOW,
      THEREFORE,
      for
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, pursuant to Section 6.4 of the SPA, the parties hereby agree
      as
      follows:

    

    Section
      1. Extension.
      Each
      undersigned Investor, solely as to itself and no other Investor, agrees that
      the
      CFO Deadline is hereby extended by thirty (30) days (the “Extension”) until and
      including April 25, 2008 (the “Extension Period”). 

     

    Section
      2.  Consent
      and Waiver.  Each
      undersigned Investor, solely as to itself and no other Investor, hereby consents
      to the Extension and hereby waives any and all liquidated damages that may
      accrue to the investors under the SPA or Holdback Escrow Agreement (the
“Liquidated Damages”) during the Extension Period; provided, however, that in
      the event that the Company does not hire a qualified CFO by the end of the
      Extension Period, the investors under the SPA shall be entitled to the
      Liquidated Damages from April 26, 2008.

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    Section
      3.  Miscellaneous. 

    

    (a) Expenses.
      Each
      party shall bear its own costs and expenses, including legal fees, incurred
      or
      sustained in connection with the preparation of this Agreement and related
      matters, except that in accordance with Section 6.4 of the SPA, the Company
      shall promptly pay the legal fees of one counsel representing the undersigned
      in
      connection with this Agreement.

     

    (b) Amendments
      and Waivers.
      The
      provisions of this Agreement, including the provisions of this sentence, may
      not
      be amended, modified or supplemented, and waivers or consents to departures
      from
      the provisions hereof may not be given, unless the same shall be in writing
      and
      signed by the Company and each Investor. 

     

    (c) Notices.
      Any and
      all notices or other communications or deliveries required or permitted to
      be
      provided hereunder shall be delivered as set forth in the SPA. 

     

    (d) Successors
      and Assigns.
      This
      Agreement shall inure to the benefit of and be binding upon the successors
      and
      permitted assigns of each of the parties 

     

    (e) Execution
      and Counterparts.
      This
      Agreement may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart. In the event that any signature is delivered by facsimile
      transmission or by e-mail delivery of a “.pdf” format data file, such signature
      shall create a valid and binding obligation of the party executing (or on whose
      behalf such signature is executed) with the same force and effect as if such
      facsimile or “.pdf” signature page were an original thereof.

     

    (f) Governing
      Law.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be determined in accordance with the provisions of
      the
      SPA.

     

    (g) Severability.
      If any
      term, provision, covenant or restriction of this Agreement is held by a court
      of
      competent jurisdiction to be invalid, illegal, void or unenforceable, the
      remainder of the terms, provisions, covenants and restrictions set forth herein
      shall remain in full force and effect and shall in no way be affected, impaired
      or invalidated, and the parties hereto shall use their commercially reasonable
      efforts to find and employ an alternative means to achieve the same or
      substantially the same result as that contemplated by such term, provision,
      covenant or restriction. It is hereby stipulated and declared to be the
      intention of the parties that they would have executed the remaining terms,
      provisions, covenants and restrictions without including any of such that may
      be
      hereafter declared invalid, illegal, void or unenforceable.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (h) Headings.
      The
      headings in this Agreement are for convenience only, do not constitute a part
      of
      the Agreement and shall not be deemed to limit or affect any of the provisions
      hereof.

     

    (i) Except
      as
      specifically contemplated by this Agreement, each of the SPA and Holdback Escrow
      Agreement shall remain in full force and effect, unaffected by this
      Agreement.

     

    (j) Independent
      Nature of Investors’ Obligations and Rights.
      The
      obligations of each Investor hereunder are several and not joint with the
      obligations of any other Investors hereunder, and no Investor shall be
      responsible in any way for the performance of the obligations of any other
      Investor hereunder. Nothing contained herein or in any other agreement or
      document delivered at any closing, and no action taken by any Investor pursuant
      hereto, shall be deemed to constitute the Investors as a partnership, an
      association, a joint venture or any other kind of entity, or create a
      presumption that the Investors are in any way acting in concert with respect
      to
      such obligations or the transactions contemplated by this Agreement. Each
      Investor shall be entitled to protect and enforce its rights, including without
      limitation the rights arising out of this Agreement, and it shall not be
      necessary for any other Investor to be joined as an additional party in any
      proceeding for such purpose.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have executed and delivered this Waiver and Consent as of the date
      first
      written above.

     

    
      	
              COMPANY:

            
	 
	
              CHINA
                GREEN AGRICULTURE, INC.

            
	 
	
              By:

            	
               
                /s/ Tao Li

            
	 	
              Name:
                Tao Li

            
	 	
              Title:
                President & Chief Executive
                Officer

            

    

    

    INVESTORS:

    

    
      	  

	 	 
	
              By:

            	
              _________________________

            
	
              Name:

            	 
	
              Title:

            	 
	 	 
	 

	 	 
	
              By:

            	
              _________________________

            
	
              Name:

            	 
	
              Title:

            	 
	 	 
	  

	 	 
	
              By:

            	
              _________________________

            
	
              Name:

            	 
	
              Title:

            	 
	 	 
	  

	 	 
	
              By:

            	
              _________________________

            
	
              Name:

            	 
	
              Title:

            	 
	 	 
	  

	 	 
	
              By:

            	
              _________________________

            
	
              Name:

            	 
	
              Title:

            	 
	 	 
	  

	 	 
	
              By:

            	 
	
              Name:

            	
              _________________________

            
	
              Title:

            	 

    

     

    
      
        
        

      

      
        4NON-QUALIFIED
      STOCK OPTION AGREEMENT

    

    THIS
      NON-QUALIFIED STOCK OPTION AGREEMENT (“Agreement”) is made by and between China
      Green Agriculture, Inc., a Nevada corporation (the “Company”), and Barry L.
      Raeburn (the “Optionee”).

     

    W
      I T
      N E S S E T H:

     

    WHEREAS,
      the Board of Directors of the Company (the “Board of Directors”) or, if so
      previously appointed, its compensation committee (the “Compensation Committee”)
      has, on the date set forth on the signature page below, granted Optionee a
      Non-Qualified stock option (the “Option”) to purchase from the Company shares of
      the Company’s common stock, par value $.001 per share (“Common
      Stock”);

    

    NOW,
      THEREFORE, in consideration of the mutual benefit to be derived herefrom, the
      Company and Optionee agree as follows:

    

    1. Grant
      of Option. The
      Company hereby grants to Optionee, the right, privilege and option (“Option”) to
      purchase 25,000 shares of its Common Stock at an exercise price (“Exercise
      Price”) of $6.00 per share, in the manner and subject to the conditions provided
      hereinafter.

    

    2. Vesting
      of Option. The
      Option shall become vested and exercisable in accordance with the following
      schedule:

    

    
      	
              7,500 shares
                

            	
            	
              Vesting
                on June 29, 2008.

            
	 	 	 
	
              17,500 shares

            	 	
              Vesting
                on July 1, 2009.

            

    

     

    In
      the
      event that Optionee is no longer a member of the Board of Directors of the
      Company, any unvested options shall immediately terminate on the date of his
      removal or resignation.

     

    3.
      Exercise
      Period.
      Any
      exercise may be with respect to any part or all of the shares then exercisable
      pursuant to such Option. All Options must be exercised within two years after
      the date of the vesting. 

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    4. Manner
      of Exercise.

     

    (a) The
      Option shall be exercised by written notice of exercise in the form of Exhibit
      A
      to this Agreement addressed to the Company and signed by the Optionee and
      delivered to the Company, as such Exhibit may be amended by the Board of
      Directors or the Compensation Committee from time to time. Optionee also agrees
      to make such other representations as are deemed necessary or appropriate by
      the
      Company and its counsel. If the Option is exercised in part only, the Company
      shall make a record such option on its books and records reflecting the partial
      exercise which shall be presumptive of the number of shares
      exercised.

     

    (b) The
      Exercise Price is payable by certified or official bank check or by personal
      check; provided, however, that no shares of Common Stock shall be issued to
      Optionee until the Company has been advised by its bank that the check has
      cleared.

     

    (c) The
      Option may also be exercised by the delivery to the Company of shares of Common
      Stock having a fair market value, as of the date of exercise, equal to the
      Exercise Price of the Optioned Shares to the extent that the Option is being
      exercised.

     

    (d)  (i) In
      the
      event of the merger or consolidation of the Company with or into any corporation
      or other entity or in the event of the sale by the Company of all or
      substantially all of its business and assets followed by a distribution of
      assets to the stockholders in connection with a liquidation or partial
      liquidation of the Company or in the event of a similar transaction (each a
      “Merger Transaction”), prior to the expiration of this Option, this Option shall
      be converted into the consideration payable with respect to the Common Stock
      in
      the Merger Transaction (the “Merger Consideration”) as follows.

     

    (ii) The
      Optionee shall receive Merger Consideration having a value equal to the
      appreciation, if any, of this Option. The appreciation of this Option shall
      be
      determined by multiplying the number of shares subject to this Option by the
      difference between (i) the value of the Merger Consideration payable with
      respect to one share of Common Stock and (ii) the Exercise Price of this Option.
      If the value of the Merger Consideration shall be equal to or less than the
      Exercise Price, this Option shall not be converted into Merger Consideration,
      but shall terminate, to the extent not exercised, at the effective time of
      the
      Merger Transaction.

     

    (iii) The
      consideration payable to the Optionee shall be in the same form as the Merger
      Consideration. If the Merger Consideration shall consist of both cash and
      non-cash consideration, the consideration payable upon conversion of this Option
      shall be a combination of cash and non-cash consideration in the same proportion
      as the Merger Consideration is payable to the holders of the Common
      Stock.

     

    (iv) If
      and to
      the extent that the Merger Consideration is other than cash, the value of the
      non-cash Merger Consideration shall be determined in good faith by the Company’s
      Board of Directors, and the Company shall promptly advise the Optionee of such
      determination. If the Optionee disagrees with the determination of the Board
      of
      Directors, the Optionee shall have the right to exercise this Option by paying
      the Exercise Price as provided in Section 4(b) or (c) of this Agreement prior
      to
      the effectiveness of the Merger Transaction. If the Option is not exercised
      prior to the effectiveness of the Merger Transaction, the Option shall be
      automatically converted or terminated, as the case may be, as provided in this
      Section 4(d).

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (e) The
      shares of Common Stock when issued upon exercise of the Option (the “Optioned
      Shares”), will be duly and validly authorized and issued, fully paid and
      non-assessable.

     

    (f) In
      connection with any exercise of this Option, the Optionee shall,
      contemporaneously with the exercise of this Option, to the extent required
      by
      law, pay or provide for payment of any withholding taxes due as a result of
      such
      exercise.

    

    5. Restrictions
      on Exercise and Delivery. The
      exercise of this Option, in whole or in part, shall be subject to the condition
      that, if at any time the Board of Directors or the Compensation Committee,
      shall
      determine, in its sole and absolute discretion, 

    

    (a)
      the
      satisfaction of any withholding tax or other withholding liabilities, is
      necessary or desirable as a condition of, or in connection with, such exercise
      or the delivery or purchase of Stock pursuant thereto,

    

    (b)
      the
      listing, registration, or qualification of any shares deliverable upon such
      exercise is desirable or necessary, under any state or federal law, as a
      condition of, or in connection with, such exercise or the delivery or purchase
      of shares pursuant thereto, or 

    

    (c)
      the
      consent or approval of any regulatory body is necessary or desirable as a
      condition of, or in connection with, such exercise or the delivery or purchase
      of shares pursuant thereto, then in any such event, such exercise shall not
      be
      effective unless such withholding, listing, registration, qualification, consent
      or approval shall have been effected or obtained free of any conditions not
      acceptable to the Board of Directors or its compensation committee. Optionee
      shall execute such documents and take such other actions as are required by
      the
      Board of Directors or the Compensation Committee to enable it to effect or
      obtain such withholding, listing, registration, qualification, consent or
      approval. Neither the Company nor any officer or director, or member of the
      Board of Directors or the Compensation Committee, shall have any liability
      with
      respect to the non-issuance or failure to sell shares as the result of any
      suspensions of exercisability imposed pursuant to this Section.

    

    6. Termination
      of Option. Except
      as
      otherwise provided in this Agreement, to the extent not previously exercised,
      upon the first to occur of any of the following events: 

    

    (a) The
      dissolution or liquidation of the Company; 

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (b)
       The
      breach by Optionee of any material provision of this Agreement; 

    

    (c) The
      expiration of two years from the vesting date of any Options.

    

    8. Adjustment
      Provisions.
      The
      number of shares of Common Stock subject to the Option and the Exercise Price
      shall be adjusted in accordance with generally accepted accounting principles
      in
      the event of a stock dividend, stock split, stock distribution, reverse split
      or
      other combination of shares, recapitalization or otherwise, which affects the
      Common Stock.

     

    9.  Transferability.
      The
      Option is not transferable by the Optionee except that, in the event of
      Optionee’s death or incompetence, the Option may be exercised by Optionee’s
      legal representative or by the persons to whom the Option is transferred by
      will
      or the laws of descent and distribution.

     

    10.  No
      Rights As a Stockholder.
      The
      Optionee shall have no interest in and shall not be entitled to any voting
      rights or any dividend or other rights or privileges of a stockholder of the
      Company with respect to any shares of Common Stock issuable upon exercise of
      this Option prior to the exercise of this Option and payment of the Exercise
      Price. 

     

    11.  No
      Rights to Continued Service.
      Nothing
      in this Option shall be constructed as an employment or consulting
      agreement.

     

    12.  Legality.
      Anything in this Option to the contrary notwithstanding, the Optionee agrees
      that he or she will not exercise the Option, and that the Company will not
      be
      obligated to issue any shares of Common Stock pursuant to this Option, if the
      exercise of the Option or the issuance of such shares shall constitute a
      violation by the Optionee or by the Company of any provisions of any law or
      of
      any regulation of any governmental authority. Any determination by the Board
      of
      Directors or the Compensation Committee shall be final, binding and conclusive.
      The Company shall not be obligated to take any affirmative action in order
      to
      cause the exercise of the Option or the issuance of shares pursuant thereto
      to
      comply with such law or regulation. The Optionee understands that, unless the
      issuance of the Optioned Shares is registered pursuant to the Securities Act
      of
      1933, as amended (the “Securities Act”), the Optioned Shares, if and when
      issued, will be restricted securities, as defined in Rule 144 of the Securities
      and Exchange Commission pursuant to the Securities Act. The Company shall not
      be
      required to issue any Optioned Shares if the issuance thereof is not permitted
      pursuant to the Securities Act. The Company shall not be required to register
      the Optioned Shares pursuant to the Securities Act.

     

    13.  Action
      by Company.
      The
      existence of the Option shall not effect in any way the right or power of the
      Company or its stockholders to make or authorize any or all adjustments,
      recapitalization, reorganizations or other changes in the Company’s capital
      structure or its business, or any merger or consolidation of the Company, or
      any
      issue of bonds, debentures, preferred or prior preference stocks ahead of or
      affecting the Common Stock or the rights thereof, or the dissolution or
      liquidation of the Company, or any sale or transfer of all or any part of its
      assets or business, or any other corporate act or proceeding, whether of a
      similar character or otherwise.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    14.   Entire
      Agreement.
      This
      Agreement contains the entire understanding of the parties with respect to
      the
      subject matter hereof and supersedes all prior agreements, understandings,
      discussions and representations, oral or written, with respect to such matters,
      which the parties acknowledge have been merged into this Agreement, including
      but not limited, the offer letter by and between the Company and the Optionee
      dated March 31, 2008.

     

    15.  Interpretation.
      As a
      condition of the granting of the Option, the Optionee and each person who
      succeeds to the Optionee’s rights hereunder, agrees that any dispute or
      disagreement which shall arise under or as a result of or pursuant to this
      Option shall be determined by the Board of Directors or its Compensation
      Committee in its sole discretion and that any interpretation by the Board of
      Directors or its Compensation Committee of the terms of this Option shall be
      final, binding and conclusive. 

     

    16.  Mandatory
      Arbitration. In
      the
      event of any dispute between the Company and Optionee regarding this Agreement,
      the dispute and any issue as to the arbitrability of such dispute, shall be
      settled to the exclusion of a court of law, by arbitration in New York, New
      York, by a panel of three arbitrators (each party shall choose one arbitrator
      and the third shall be chosen by the two arbitrators so selected) in accordance
      with the Commercial Arbitration Rules of the American Arbitration Association
      then in effect. The decision of a majority of the arbitrators shall be final
      and
      binding upon the parties. All costs of the arbitration and the fees of the
      arbitrators shall be allocated between the parties as determined by a majority
      of the arbitrators, it being the intention of the parties that the prevailing
      party in such a proceeding be made whole with respect to its
      expenses.

     

    17.  Notices.
      Any
      notice to be given under the terms of this Agreement shall be addressed to
      the
      Company in care of its Secretary at its principal office, and any notice to
      be
      given to Optionee shall be addressed to such Optionee at the address maintained
      by the Company for such person or at such other address as the Optionee may
      specify in writing to the Company.

     

    18.  Binding
      Effect. This
      Agreement shall be binding upon and inure tothe benefit of Optionee, his heirs
      and successors, and of the Company, its successors and assigns.

     

    19.  Governing
      Law.
      This
      Agreement shall be governed by the laws of the State of New York without giving
      effect to principles of conflicts of laws.

     

    20.  Descriptive
      Headings. Titles
      to
      Sections are solely for informational purposes.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, this Agreement is effective as of, and the date of grant shall
      be April ___, 2008.

    

    
      	
              CHINA
                GREEN AGRICULTURE, INC.

            
	
              a
                Nevada corporation

            
	 
	
              By: 

            	 

	
              Name:
                Tao Li

            
	
              Title:
                President and Chief Executive Officer

            
	 
	
              OPTIONEE

            
	 
	 
	
              Barry
                L. Raeburn

            
	 
	 
	
              Print
                Name

            

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A

    

    ______________,
      200__                                        

    

    China
      Green Agriculture, Inc.

    

    Re: Stock
      Option Exercise

    

    To
      Whom
      It May Concern:

    

    I
      (the
“Optionee”) hereby exercise my right to purchase ________ shares of common stock
      (the “Stock”) of China Green Agriculture, Inc., a Nevada corporation (the
“Company”) as set forth in my agreement (the “Agreement”) with the Company
      granting me 25,000 shares of its common stock. I deliver herewith payment as
      set
      forth in the Agreement in the amount of the aggregate option exercise price.
      Please deliver to me at my address as set forth above stock certificates
      representing the subject shares registered in my name.

    

    The
      Optionee hereby represents and agrees as follows:

    

    1. The
      Optionee acknowledges receipt of a copy of the Agreement. The Optionee has
      carefully reviewed the Agreement. 

    

    2.
       The
      Optionee is a resident of __________.

    

    3.
       The
      Optionee represents and agrees that if the Optionee is an “affiliate” (as
      defined in Rule 144 under the Securities Act of 1933) of the Company at the
      time
      the Optionee desires to sell any of the Stock, the Optionee will be subject
      to
      certain restrictions under, and will comply with all of the requirements of,
      applicable federal and state securities laws.

    

    The
      foregoing representations and warranties are given on ________ at
      _____________________.

    

    
      	 	
              OPTIONEE:

            
	 	 
	 	 
	 	 
	
              Print Name: 

            	 

    

    
      
        
        

      

      
        7

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