Document:

July 8, 2011 8K Exhibit 10.1

          EXHIBIT 10.1 

 

 

 

 

 

CUSTOMER LIST PURCHASE AGREEMENT

BY AND BETWEEN

RICHARD PENNER

as

"SELLER"

and

S&W SEED COMPANY

as

"BUYER"

 

 

 

 

 

CUSTOMER LIST PURCHASE AGREEMENT

This Customer List Purchase Agreement ("Agreement") is entered into as of this 6th day of
July, 2011 ("Effective Date") by and between RICHARD PENNER ("Seller") and S&W Seed
Company, a Delaware corporation ("Buyer"). In consideration of the terms, covenants and conditions hereinafter
set forth, the parties hereto agree as follows:

	Purchase and Sale of Customer List.  Seller agrees to sell, convey, assign, deliver and transfer to
Buyer, and Buyer agrees to purchase and acquire from Seller the Customer List ("the Asset").

	Buyer's Due Diligence.  Seller has made available to Buyer (its counsel, accountants and other
representatives) for Buyer's review and copying all information available to Seller regarding the Customer List and, without limitation, all
disclosures requested by Buyer.  Commencing on the Effective Date and continuing for a period satisfactory to Buyer but no longer
than the day Buyer pays the purchase price or accepts possession of the Customer List (the "Due Diligence
Period"). Buyer has the right to inspect and approve all other documents regarding or relating to the Customer List that Buyer
reasonably desires to review.

	Assumption of Liabilities.  Buyer will assume no liabilities, obligations, expenses or other
commitments of Seller. 

	Purchase Price and Payment of Purchase Price; Post-Closing Valuation and Allocation of Purchase
Price.  As full payment and consideration for the purchase of the Asset, Buyer agrees to pay Seller $165,000 in cash (the
"Purchase Price"). As soon as reasonably practicable following the Closing (defined below), Buyer shall undertake
a valuation of the Customer List and the non-competition agreement contained herein (see Section 8, below) and based thereon, shall
provide Buyer with an allocation of the Purchase Price between the two aspects of this Agreement. 

	Closing.  The Closing shall occur on July 6, 2011 or at such later date as the parties may mutually
agree, at which time the Purchase Price shall be delivered by Buyer to Seller, and Seller shall deliver the Customer List to Buyer.

	Confidentiality.  The parties agree that the financial terms and conditions of this Agreement
including, but not limited to, any and all information provided by Buyer to Seller are strictly confidential. Neither party will knowingly
publicize or disclose or cause or knowingly permit or authorize the publicizing or disclosure of the financial terms and conditions of this
Agreement for any reason, at any time, without the prior written consent of the other party, except as required by law in connection with
Buyer's status as a reporting company regulated by the Securities and Exchange Commission. Notwithstanding the above, the parties
may disclose information to their counsel, personal tax advisor or as may be required by law. The parties agree, to the extent not
prohibited under law, to instruct those to whom disclosure is allowed under this Agreement that its terms are confidential and must not
be further disclosed. Nothing in this Section 6 is intended to supersede the confidentiality agreements contained in that certain Mutual
Nondisclosure Agreement between the parties entered into in June 2010 with respect to

                                                   2

disclosures of each party's business information, which Mutual Nondisclosure Agreement remains in full force and effect. 

	Uniform Commercial Code Compliance.  If necessary, Buyer agrees that he will publish notice to
creditors as required by and in the form and manner and within the time provided in under California law and otherwise comply with
Division 6 of the Uniform Commercial Code, of any bulk transfer contemplated by this Agreement if required under California law.

	Obligation Not to Solicit and Not to Compete. 

	Seller agrees not to solicit or otherwise seek to hire, cause, encourage, or attempt to encourage (i) any
former or current sales agent or employee of Buyer or any successor thereto, or (ii) any current or former sales agent or employee of
Seller to become a sales agent or employee of any other person or entity (other than the Buyer or an affiliate or successor thereof).

	Seller will not knowingly contact, solicit the business of, or accept orders from, any customer for
the purpose of moving such customer from Buyer or switching such customer to another provider of alfalfa seed products that
competes with Buyer.

	The obligations of Seller not to solicit as set forth in this Section shall continue for a period of five years
from the Closing Date. 

	For five years following the Closing, Seller will not, directly or indirectly, whether alone or with any other
person, (a) sell products comparable to the products Buyer provides to any of its customers, or that Seller reasonably should know is
undertaking to become engaged in competition with Buyer or (b) own an interest in, operate, join, control, or participate as a partner,
director, principal, officer, or agent of, enter into the employment of, or act as a consultant to, any entity whose business consists of
selling products similar to those products sold by Seller.

	Seller acknowledges that if Seller breaches or threatens to breach Seller's covenants and agreements in
this Section 8, then Seller's actions may cause irreparable harm and damage to Buyer that could not be adequately compensated in
damages. Accordingly, if Seller breaches or threatens to breach this Agreement, then Buyer will be entitled to injunctive relief in addition
to any other rights or remedies of Buyer under this Agreement or otherwise.

	If any restrictive covenant of this Section 8 is held by any court to be invalid, illegal or unenforceable, either
in whole or in part, then such invalidity, illegality or unenforceability will not affect the validity, legality or enforceability of the remaining
provisions or covenants of this Agreement, all of which will remain in full force and effect to the maximum extent allowed by law.
Without limiting the foregoing, although the parties have, in good faith, used their best efforts to make the provisions of Section 8
reasonable in terms of geographic area, duration and scope of restricted activities in light of Buyer's business activities, and it is not
anticipated, nor is it intended, by any party hereto that a court of competent jurisdiction would find it necessary to reform the provisions
hereof to make them reasonable in terms of geographic area, duration or otherwise, the parties understand and agree

                                                   3

that if a court of competent jurisdiction determines it necessary to reform the scope of Section 8 or any part thereof in order to make it binding and
enforceable, such provision shall be considered divisible in all respects and such lesser scope as any such court shall determine to be
reasonable shall be effective, binding and enforceable.

	Representation and Warranties of Buyer.  Buyer warrants and represents to Seller:

	that the within Agreement is a valid and binding obligation of Buyer, and that Buyer has the ability to enter
into and consummate this agreement;

	that Buyer shall, at Closing, have the funds necessary to consummate the transaction
contemplated by this Agreement; and

	Buyer acknowledges that if Buyer breaches or threatens to breach Buyer's covenants and agreements in
this Section 9, then Buyer's actions may cause irreparable harm and damage to Seller that could not be adequately compensated in
damages. Accordingly, if Buyer breaches or threatens to breach this Agreement, then Seller will be entitled to injunctive relief in addition
to any other rights or remedies of Seller under this Agreement or otherwise.

	Representation and Warranties of Seller.  Seller warrants and represents to Buyer: 

	Seller has full power and authority to execute and deliver this Agreement and to perform the obligations
hereunder. This Agreement as delivered at the Closing, to which Seller is a signatory, will be duly authorized, executed and delivered
by, and a valid and binding agreement of, Seller who is a signatory thereto, enforceable in accordance with their respective terms, and
no further action, approvals or consents are necessary on the part of Seller, nor is it necessary for Seller to obtain any actions,
approvals or consents from any third persons, governmental or other to make this Agreement valid and binding upon and enforceable
against Seller in accordance with their respective terms, or to enable Seller to perform this Agreement and the transactions
contemplated thereby.

	The Customer List attached hereto is a full and complete list of the customers of
Seller.

	Seller has, and at the Closing will convey to Buyer, good and marketable title to the Customer List, free and
clear of all liens, pledges, leases, charges, encumbrances, equities, claims, conditional sale contracts, security interests, or any other
interests or imperfections of title of any nature whatsoever.

	To the best of Seller's knowledge, Seller has not been and is not now in violation of any federal, state or
local laws, regulations or orders or the laws of the countries comprising the Territory.

	There are no claims, actions, suits, proceedings or investigations, judicial or administrative, pending,
involving or, to the best knowledge of Seller, threatened against or affecting either Seller or the Customer List or that seek to restrain,
prohibit or invalidate the

                                                   4

transactions contemplated by this Agreement or that might materially affect the right of Buyer to own the
Customer List. Seller does not know of any basis for any such action, suit, proceeding or investigation.

	Seller acknowledges that if Seller breaches or threatens to breach Seller's covenants and agreements in
this Section 10, then Seller's actions may cause irreparable harm and damage to Buyer that could not be adequately compensated in
damages. Accordingly, if Seller breaches or threatens to breach this Agreement, then Buyer will be entitled to injunctive relief in addition
to any other rights or remedies of Buyer under this Agreement or otherwise.

	Covenants of Seller Pending Closing.  Seller covenants and agrees that, from and after the
execution and delivery of this Agreement and through the Closing Date:

	All of the representations, warranties and covenants of Seller contained in the foregoing paragraphs hereof
shall be true and correct, and shall not have been breached, on and as of the Closing. All of the representations, warranties and
covenants contained in the foregoing paragraphs shall survive the Closing.

	Seller will continue to carry on its business in the ordinary course diligently and substantially in
the same manner as heretofore conducted. Seller will not take any action that would cause any of the representations and warranties
made by Seller in this Agreement not to be true and correct in all material respects on and as of the Closing Date, with the same force
and effect as if made on and as of the Closing Date. Seller will use commercially reasonable efforts to preserve Seller's business intact
and to preserve Seller's relationships with employees, customers, clients, vendors, representatives, agents, creditors, subcontractors
and suppliers and others having business relationships with Seller and/or Seller's alfalfa seed business in the Territory. The other, more
specific provisions of this Section shall in no way limit the generality of this subsection.

	Seller will not sell or otherwise transfer, or grant any security or other interest in, the Customer List to any
other person or entity.

	Representations, Warranties and Covenants True as of Closing Date. All of the representations,
warranties and covenants contained in paragraph 9 and 10 hereof shall be true and correct, and shall not have been breached, on and
as of the closing date. All of the representations, warranties and covenants contained in paragraph 9 and 10 shall survive the
closing.

	Additional Condition to Buyer's Obligation to Close:  In addition to all other conditions and
covenants governing Buyer's obligation to consummate the transaction contemplated hereby, Seller shall  have entered into and
delivered the Consulting Agreement, in substantially the form attached hereto as Exhibit A.

	Attorneys, Brokers, Consultants.  The parties hereto warrant that no person or entity can properly
claim a right to a commission, finder's fee, or other compensation based upon the acts of that party with respect to the purchase and
sale contemplated herein and each party hereby agrees to mutually indemnify and hold the other harmless from any and all claims,

                                                   5

liabilities, costs, including attorney fees, expense and commissions, resulting from any claim for a commission, fee or other
compensation by any party or entity based upon those acts.

	Indemnification.

	Seller hereby indemnifies, defends and holds harmless Buyer and its representatives, stockholders,
controlling persons and affiliates (the "Buyer Indemnified Parties") for, and will pay to the Buyer Indemnified Parties
the amount of, any loss, liability, claim, damage (including incidental and consequential damages), expense (including costs of
investigation and defense and reasonable attorneys' fees) or diminution of value, whether or not involving a third-party claim
(collectively, "Damages"), arising, directly or indirectly, from or in connection with: (i) any breach of any
representation or warranty made by Seller in this Agreement or any certificate or document delivered by Seller pursuant to this
Agreement; (ii) any breach by Seller of any covenant or obligation of Seller in this Agreement; (iii) any claim by any person for
brokerage or finder's fees or commissions or similar payments based upon any agreement or understanding alleged to have been
made by such person with Seller (or any Person acting on its behalf) in connection with any of the transactions contemplated by this
Agreement; or (iv) the failure of Seller to assume, pay, perform and discharge Seller's liabilities.

	Seller will indemnify Buyer from and against the entirety of any Adverse Consequences Buyer may suffer to
the extent resulting from, arising out of, relating to, or caused by, any lawsuit or other legal proceeding to which Seller is now, or may
hereafter become, a party provided such lawsuit or legal proceeding relates to the business prior to closing and is not related to an
obligation assumed by Buyer under this Agreement.

	If the consent of any person or entity to the assignment of any of the contract by Seller to Buyer as
contemplated by this Agreement is required by the terms of such contract, and such consent has not been obtained by Seller and
delivered to Buyer at or prior to the Closing, Seller will indemnify Buyer from and against the entirety of any Adverse Consequences
Buyer may suffer to the extent resulting from, arising out of, relating to, or caused by the failure of Seller to obtain such consent prior to
the Closing.
	Buyer will indemnify Buyer and its representatives, stockholders, controlling persons and affiliates (the "Seller Indemnified
Parties")  from and against the entirety of any Damages incurred or suffered by the Seller Indemnified Parties arising out of (i) any
misrepresentation or breach of warranty, covenant or agreement made or to be performed by Buyer pursuant to this Agreement; or any
claim by any person for brokerage or finder's fees or commissions or similar payments based upon any agreement or understanding
alleged to have been made by such person with Seller (or any person acting on its behalf) in connection with any of the transactions
contemplated by this Agreement.

	Notices.  Any notice or other communication between the parties hereto shall be in writing and
shall be delivered personally or by United States mail and shall be deemed delivered upon receipt if sent by personal delivery, and
three (3) business days after deposit if sent by United States mail certified return receipt requested. Such notices or communications
shall be sent to the following addresses:  

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	if to Buyer:

S&W Seed Company

   25552 South Butte Avenue (Overnight or Hand Delivery)

   P.O. Box 235 (Mail)

   Five Points, CA 93624

   Fax:  (559) 884-2750

   Attn: Mark S. Grewal, President and Chief Executive Officer 

or at such other address or addresses as may have been furnished in writing by Buyer to Seller

and

	if to Seller:

Richard Penner

   477 Peace Portal Drive, 107-167

   Blaine, WA 98230

or at such other address or addresses as may have been furnished in writing by Seller to Buyer. 

	Survivorship.  The representatives, covenants and obligations of the parties as set forth in this
Agreement shall survive the closing of the title hereunder.

	Binding Effect.  All of the terms, covenants and conditions herein contained shall be for and shall
inure to the benefit of and shall bind the respective parties hereto and their successors and assigns, respectively. 

	Assignment to Corporation.  This Agreement may be assigned by Buyer to a corporation or
partnership controlled by Buyer in place and instead of Buyer; however, Buyer shall not, upon such assignment, be relieved of
performance hereunder and pursuant to the provisions hereof.

	Governing Law.  The parties hereto expressly agree that this Agreement will be governed by,
interpreted under, and construed and enforced exclusively in accordance with the laws of the State of California.

	Arbitration.  Except for the provisions provided in Section 8(e) above, any controversy involving
the construction or application of any of the terms, provisions or conditions of this Agreement shall, on the written request of either party
served on the other, be submitted to binding arbitration with the American Arbitration Association without the right to a trial de novo,
subject to the governing law of this Agreement. The cost of arbitration and reasonable attorney fees shall be borne by the losing party
or in such proportions as the arbitrator shall decide. Said costs and fees shall be applicable to any trial or appellate court
proceedings.

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	Entire Agreement.  This Agreement constitutes the entire Agreement between the parties
pertaining to the subject matter herein and expressly supersedes all prior written and oral agreements and understanding between the
parties hereto with respect to the subject matter hereof. This Agreement may not be amended or modified unless so modified in writing
by the parties.

	Severability.  If any provision of this Agreement is, becomes or is deemed invalid, illegal or
unenforceable in any jurisdiction, such provision shall be deemed amended to conform to the applicable laws so as to be valid and
enforceable, or, if it cannot be so amended without materially altering the intention of the parties hereto, it shall be stricken and the
remainder of this Agreement shall remain in full force and effect.

	Paragraph Headings.  The headings of the several paragraphs of this Agreement are inserted
solely for convenience of reference and are not part of and are not intended to govern, limit or aid in the construction of any term or
provision herein.

	Counterparts.  This Agreement may be executed simultaneously in any number of counterparts
and by facsimile, each of which shall be deemed an original but all of which together shall constitute one and the same agreement.

	Waiver.  No waiver by a party of any breach of or default under this Agreement shall be deemed
to be a waiver of any other breach or default of any kind or nature, whether or not such party knows of such breach or default at the
time it or his accepts such payment or performance. No failure or delay on the part of a party to exercise any right it or he may have
with respect to this Agreement shall prevent the exercise thereof by such party at any time such other party may continue to be so in
default, and no such failure or delay shall operate as a waiver of any default. A failure by either party to insist upon strict compliance
with any of the terms of this Agreement in any instance shall not be construed as a waiver of such terms in the future.

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IN WITNESS WHEREOF, the parties hereto have executed this Customer List Purchase Agreement dated
and effective as of the date first set forth above.

"Buyer"

   S&W SEED COMPANY

   a Delaware corporation

 

By:/s/ Mark S. Grewal

   Mark S. Grewal

   President and Chief Executive Officer

 

"Seller"

/s/ Richard Penner

   Richard Penner

 

 

 

 

[SIGNATURE PAGE OF CUSTOMER LIST PURCHASE AGREEMENT]

                                                   9July 8, 2011 8K Exhibit 10.2

          EXHIBIT 10.2 

CONSULTING SERVICES AGREEMENT

THIS CONSULTING SERVICES AGREEMENT, effective as of July 6, 2011, is between RICHARD
PENNER CONSULTING, INC., a Washington corporation located in Blaine, Washington, (hereinafter referred to as
"Consultant"), whose President and sole shareholder is RICHARD PENNER (hereinafter referred to
"Penner"), and S&W Company, a Delaware corporation located in Five Points, California (hereinafter referred
to as the "Company"). The Company and Consultant are hereinafter referred to collectively as the
"parties" and individually as a "party." 

RECITALS

A.Concurrently with the execution of this Agreement, Consultant and the Company have entered into
that certain Customer List Purchase Agreement under the terms of which the Company will purchase Penner's customer list for his
alfalfa seed business in the Middle East and Latin America (the "Customer List").

B.As a condition to closing the purchase and sale of the Customer List, the parties have agreed to
enter into this consulting agreement under the terms of which Penner, under the auspices of Consultant, shall provide certain consulting
services for a period of at least two years.

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

1.Nature of Services.  The Company engages Consultant, and Consultant agrees to use its
contacts, expertise and experience in assisting the Company to commence, develop and expand its business operations in certain
locations in which Penner has had alfalfa seed customers. Without limiting the generality of the foregoing, Consultant agrees to actively
pursue sales of existing and potential customers, with emphasis on international firms located in Saudi Arabia, Morocco, Sudan, South
Africa and Argentina, and such other locations as may be requested by the Company that are included on the Customer List (the
"Territory"). In this regard, Consultant agrees to use its best efforts to transition his former customers to the
Company and to promote the Company's brand in the Territory. The activities of Consultant referred to in this Section 1 are referred to
as "Services."

2.Designation of Consultant's Agent.  Penner is hereby designated as the person who will perform
the Services on behalf of Consultant. 

3.Term and Termination.  

(a)This Agreement shall become effective as of the date first above written, and shall remain in full
force and effect until the second (2nd) anniversary hereof (the "Initial Term"). The Company shall have the option
to extend this Agreement through the third (3rd) anniversary

hereof by giving notice to Consultant no later than sixty (60) days prior to the expiration of the Initial Term.

(b)This Agreement may be terminated by either party upon the breach of a material term hereof by the
other party, which breach remains uncured for thirty (30) days after the date that the non-breaching party has served written notice on
the other party, which notice shall set forth the basis of such breach and the non-breaching party's intent to terminate the
Agreement.

(c)Upon expiration or termination of this Agreement, each party shall be released from all obligations
and liabilities hereunder except those arising under Section 4 (relating to confidentiality), below.

3.Compensation and Reimbursement.  The Company shall pay Consultant, and Consultant agrees
to accept as payment in full for the Services three percent (3%) of any sales in which Consultant performed Services. The Company
shall pay to Consultant the earned commission within forty-five (45) business days of receipt by the Company of payment for the
product(s) sold to the customer in the transaction. In the event of termination, the Company shall be obligated to pay the commission
earned by Consultant in accordance with this Agreement, up to and including the date of termination, but such final commission
payment shall not be made until receipt by the Company of payment from the customer. 

4.Confidential Relationship Created by this Agreement.  Consultant acknowledges and agrees that
this Agreement creates a relationship of confidence and trust on the part of Consultant as its conducts consulting and other work for the
benefit of the Company. In the performance of Consultant's obligations under this Agreement, Consultant and its principals, agents,
employees and contractors may receive, create for the Company or have access to, among other things, technical, customer,
personnel and business information in written, graphic, oral or other tangible forms such as specifications, records, data, computer
programs, drawings, models, reports and samples (hereinafter collectively referred to as "Confidential Information") owned
or controlled by the Company. Such Information contains material that is proprietary or confidential, or material that is protected by
applicable laws regarding secrecy of communications or trade secrets. Accordingly:

(a)Consultant recognizes and agrees that nothing in this Agreement will be construed as granting
any rights, by license or otherwise, to any Confidential Information or to any inventions or patents, trade secrets, copyrights,
trademarks, or other intellectual property right that has issued or that may issue based on such Confidential Information. All Confidential
Information (including all copies thereof) will at all times remain the property of the Company and will be immediately returned to the
Company after Consultant's need for it has expired, or upon request of the Company, and in any event, upon completion or termination
of the services to be provided by Consultant. At such time, Consultant shall also erase, delete, or destroy any notes, documents,
magnetic media or other computer storage, including system backups, which contain any Confidential Information. 

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                        (b)Consultant will advise its principals, employees, agents and contractors who might have
access to Confidential Information of the confidential nature thereof and agrees that its employees will be bound by the terms of this
Agreement. Consultant will not disclose any Confidential Information to any employee except for those persons who have a need for
such information in connection with Consultant rendering the Services and who agree in writing to bound by the provision of this
Agreement, nor will it disclose any Confidential Information to any third party without first obtaining the Company's express written
consent, which may be withheld in the sole discretion of the Company. For the purposes of this Section 4(b), the term
"employee" will include, in addition to employees, directors, officers, members, owners, independent contractors,
consultants, collaborators and other agents of the Consultant. 

(c)The term "Confidential Information" will not include information that Consultant can
establish (i) was publicly known and made generally available in the public domain prior to the time of disclosure to Consultant; (ii)
becomes publicly known and made generally available after disclosure to Consultant through no action or inaction of Consultant; (iii) is
in the possession of Consultant, without confidentiality restrictions, at the time of disclosure by the Company, as shown by Recipient's
files and records immediately prior to the time of disclosure; or (iv) is approved for release by the Disclosing Party in writing. Moreover,
this confidentiality restriction shall not apply to information that is required by law or regulation or required pursuant to a valid order of a
court or regulatory agency to be disclosed by Consultant, but only to the limit and extent of such required disclosure, provided that, prior
to such disclosure, Consultant provides the Company with prompt written notice of such requirement and the facts and circumstances
concerning such requirement and assists the Company in obtaining an order or orders protecting the information from any disclosure or
limiting the extent of information to be disclosed. 

(d)Moreover, in the course of performing the Services, Consultant may become aware of material
non-public information. Consultant hereby expressly agrees to hold such information in strictest confidence and to not trade in the
securities of the Company until such material non-public information is made public through public announcement, governmental filings
or other method generally accepted as public dissemination of material information. 

5.Independent Contractor.  In performing the Services, Consultant shall act as an independent
contractor and not as an agent or employee of the Company. 

6.Assignment.  The Company has specifically contracted for the services of Consultant, and
specifically, of Penner, and therefore, Consultant may not assign or delegate its obligations under this Agreement, either in who or in
part, without the prior written consent of the Company.

7.Notices.  All notices or other communications hereunder are deemed given when made in writing
and (a) delivered in person, (b) delivered to an agent such as an overnight or similar delivery service, or (c) deposited in the United
States mail, certified postage prepaid, and addressed as follows:

                                                   3

If to the Company, to:

S&W Seed Company

(In Person or Overnight Delivery)

                   25552 South Butte Avenue

                   Five Points, CA 93624

(Mail)

                   P.O. Box 235

                   Five Points, CA 93624

If to Consultant, to:

Richard Penner Consulting, Inc.

                   250 H Street, 822

                   Blaine, WA 98230

8.Applicable Laws.  This Agreement shall constitute a contract under
the laws of the State of California and shall be governed and construed in accordance with such laws. Any suit brought hereunder shall
be brought in the courts in Fresno County, California, or the Eastern District of California (Fresno Division), as applicable.

9.Entire Agreement.  This Agreement constitutes the entire Agreement between the parties
pertaining to the subject matter herein and expressly supersedes all prior written and oral agreements and understanding between the
parties hereto with respect to the subject matter hereof. This Agreement may not be amended or modified unless so modified in writing
by the parties.

10.Severability.  If any provision of this Agreement is, becomes or is deemed invalid, illegal or
unenforceable in any jurisdiction, such provision shall be deemed amended to conform to the applicable laws so as to be valid and
enforceable, or, if it cannot be so amended without materially altering the intention of the parties hereto, it shall be stricken and the
remainder of this Agreement shall remain in full force and effect.

11.Force Majeure.  Consultant shall be excused for failure to provide Services hereunder to the
extent that such failure is directly or indirectly caused by an occurrence commonly known as "force majeure," including,
without limitation, delays arising out of acts of God, acts or orders of a government, agency or instrumentality thereof (whether of fact or
law), acts of public enemy, riots, embargoes, strikes or other concerted acts of workers (with of Consultant or other persons), casualties
or accidents, delivery of materials, transportation or shortage of ships, cars, trucks, fuel, power, labor or materials or any other causes,
circumstances or contingencies that are beyond the control of Consultant; provided, however, that Consultant shall use its best
efforts to resume provision of Services as soon as possible. Notwithstanding any events operating to excuse performance by
Consultant, this Agreement shall continue in full force for the remainder of the term and any renewals thereof.

                                                   4

12.Paragraph Headings.  The headings of the several paragraphs of this Agreement are inserted
solely for convenience of reference and are not part of and are not intended to govern, limit or aid in the construction of any term or
provision herein.

13.Counterparts.  This Agreement may be executed simultaneously in any number of counterparts
and by facsimile, each of which shall be deemed an original but all of which together shall constitute one and the same agreement.

14.Waiver.  No waiver by a party of any breach of or default under this Agreement shall be deemed
to be a waiver of any other breach or default of any kind or nature, whether or not such party knows of such breach or default at the
time it accepts such payment or performance.  No failure or delay on the part of a party to exercise any right it may have with respect to
this Agreement shall prevent the exercise thereof by such party at any time such other party may continue to be so in default, and no
such failure or delay shall operate as a waiver of any default. A failure by either party to insist upon strict compliance with any of the
terms of this Agreement in any instance shall not be construed as a waiver of such terms in the future.

 

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                                                   5

IN WITNESS THEREOF, the parties hereto have caused this Agreement to be executed by their respective duly
authorized representatives.

"Company"

                   S&W SEED COMPANY

                   a Delaware corporation

 

 

By:/s/ Matthew K. Szot

                   Matthew K. Szot

                   Vice President, Finance and

Chief Financial Officer

 

"Consultant"

                   RICHARD PENNER CONSULTING, INC.

                   a Washington corporation

 

By:Richard Penner

                   Richard Penner

                   President

"Designated Consultant"

 

/s/ Richard Penner

                   Richard Penner 

 

 

 

[SIGNATURE PAGE OF PENNER CONSULTING AGREEMENT] 

                                                   6

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