Document:

January 7, 2015 Exhibit 10.1

    EXHIBIT 10.1

**  Portions of this agreement have been omitted and filed separately with the SEC
pursuant to a confidential treatment request

CONFIDENTIAL

EXECUTION VERSION

ALFALFA DISTRIBUTION AGREEMENT

This Alfalfa Distribution Agreement (the "Agreement") is entered into as of this 31st day of December, 2014
(hereinafter referred to as the "Effective Date"), by and between Pioneer Hi-Bred International, Inc., a company organized and existing under the laws of the State of
Iowa, with its principal place of business at 7100 N.W. 62nd Ave, Johnston, Iowa 50131, (hereinafter referred to as "Pioneer"), and S&W Seed
Company, a company organized and existing under the laws of the State of Nevada, with its principal place of business at 25552 South Butte Avenue, Five Points, California 93624,
(hereinafter referred to as "Company").

RECITALS:

WHEREAS, Pioneer and Company are parties to that certain Asset Purchase and Sale Agreement dated December 19, 2014 (the
"APSA"), pursuant to which Company and/or its Affiliates purchased or licensed from Pioneer and/or its Affiliates, and Pioneer and/or its Affiliates sold or licensed to
Company and/or its Affiliates, certain assets associated with the development of specified commercial alfalfa seed, as provided therein;

WHEREAS, subject to the terms and conditions of the APSA, Pioneer and Company may enter into that certain Asset Purchase and Sale Agreement following the
Closing Date (the "Second APSA"), pursuant to which Company and/or its Affiliates may purchase from Pioneer and/or its Affiliates, and Pioneer and/or its Affiliates may
sell to Company and/or its Affiliates, certain assets associated with the development of specified commercial alfalfa seed, as provided therein;

WHEREAS, Pioneer and Company have agreed that for technical, commercial and other reasons it may be advisable and/or necessary
that Company engage Pioneer, on an exclusive basis, as a distributor of Company and its Affiliates in connection with the marketing, promotion, distribution and sale of certain alfalfa
products under the Pioneer brand name within the Territory, upon and subject to the terms contained in this Agreement; and 

WHEREAS, Pioneer wishes to act as the exclusive distributor of Company and its Affiliates in connection with the marketing, promotion,
distribution and sale of certain alfalfa products under the Pioneer brand name within the Territory, upon and subject to the terms contained in this Agreement.

NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL PROMISES AND COVENANTS CONTAINED HEREIN, THE PARTIES
AGREE AS FOLLOWS:

1.   Definitions

1.1.   "Affiliate" means, with respect to any Person, (a) any other Person directly or indirectly controlling, controlled by
or under common control with such first Person, (b) any officer, director, general partner, member or trustee of such Person or (c) any Person who is an officer, director, general partner,
member or trustee of any Person described in clause (a) or (b) of this sentence.  For purposes of this definition, the terms "control," "controlling," "controlled
by" or "under common control with" shall mean the possession, direct or indirect, of the power to control the management of a Person, whether through the ownership of
voting securities, by contract or otherwise.

1.2.   "Dealer" means any person, entity or organization designated by Pioneer to market, promote, distribute or sell
Pioneer Products solely within the Territory.

1.3.   "Commercialization Selection List" means, for each applicable Sales Year, a list prepared by Company setting
forth Experimental Varieties selected by Pioneer in accordance with the terms of this Agreement.  The initial Commercialization Selection List shall comprise the Initial Experimental
Varieties (hereinafter, the "Initial Commercialization Selection List"). 

 

1.4.   "Company Rights" means patents and patent applications, and other proprietary rights, including but not limited
to, parental lines, in-bred lines, plant materials, germplasm, and any progeny or derivatives from any of them, plant variety rights, plant breeder rights, trade-secrets, formulae, methods,
processes, techniques, information, and know-how, owned or under license by Company, or any of its Affiliates.

1.5.   "Experimental Variety" means all varieties of alfalfa seed in which Company or its Affiliates has proprietary
rights and/or the right to license such rights to Pioneer on the terms and conditions set forth herein, that Pioneer selected, in the relevant year, from the Testing Year Selection List or
pursuant to Section 2.2.3.4 or Section 2.2.4.6.  The initial Experimental Varieties shall be as set forth on Schedule 1.5 attached hereto (the "Initial Experimental
Varieties").  

1.6.   "Person" - means any individual, corporation, general or limited partnership, limited liability company, joint
venture, estate, trust, association, organization, labor union or other entity or governmental body.  

1.7.   "Pioneer Products" shall mean commercial alfalfa seed products offered exclusively for sale by Company or its
Affiliates to Pioneer from time to time, in accordance with the terms of this Agreement, and intended for sales to customers or to Dealers solely within the Territory.  The Pioneer Products
shall be identified on Schedule 1.7 attached hereto, as such Schedule may be further amended from time to time by Pioneer and Company or to reflect the products with
respect to which Pioneer shall obtain rights to (or lose rights to) in accordance with the terms of this Agreement.  For the avoidance of doubt, non-dormant varieties of Pioneer Products shall
include only those varieties of alfalfa seed products that are derived from germplasm included as a Purchased Asset under the APSA or the Second APSA, as applicable, including any
germplasm that is the subject of any Transferred Contract (as such term is defined in either the APSA or the Second APSA, as applicable).  

1.8.   "Production Agreement" means the Contract Alfalfa Production Services Agreement by and between
Pioneer and Company dated of even date herewith.

1.9.   "Research Agreement" means the Research Agreement by and between Pioneer and Company dated of even date herewith.

1.10.   "SY-1" means the twelve month period beginning on January 1 and ending on December 31 of the calendar year immediately prior to the Sales
Year.  By way of example, in Sales Year 2019, SY-1 shall be calendar year 2018.

1.11.   "SY-2" means the twelve month period beginning on January 1 and ending on December 31 of the calendar
year that is two calendar years immediately preceding the Sales Year.  By way of example, in Sales Year 2019, SY-2 shall be calendar year 2017.

1.12.   "SY-3" means the twelve month period beginning on January 1 and ending on December 31 of the calendar
year that is three calendar years immediately preceding the Sales Year.  By way of example, in Sales Year 2019, SY-3 shall be calendar year 2016.

1.13.   "SY-4" means the twelve month period beginning on January 1 and ending on December 31 of the calendar
year that is four calendar years immediately preceding the Sales Year.  By way of example, in Sales Year 2019, SY-4 shall be calendar year 2015.

1.14.   "Sales Year" means the twelve-month period beginning on January 1 of a year and ending on December 31 of
such year. 

1.15.   "Technical Information" means any technical knowledge, know-how or other information in any form, including
but not limited to, oral, written, graphic, demonstrative or sample form which in any way relates or pertains to varieties or Experimental Varieties, including information about pedigrees,

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combining ability, agronomic performance, disease characteristics, production characteristics, phenotypic information or molecular characteristics.

1.16.   "Territory" means the United States, Canada, Mexico, Italy, Spain, Germany, Romania, Bulgaria, Slovenia,
Russia, Ukraine, Egypt, Saudi Arabia, Morocco, New Zealand, China, India, Pakistan,  France, Greece and such other countries and territories as the parties shall mutually agree upon in
writing.    

1.17.   "Testing Year Selection List" means a list, prepared annually by Company, setting forth all of Company's or its Affiliate's varieties of alfalfa
seed developed by Company or its Affiliates derived from germplasm included as a Purchased Asset under the APSA or the Second APSA, as applicable, (including any germplasm that is
the subject of any Transferred Contract, as such term is defined in the APSA or the Second APSA, as applicable) by pedigree or to which Company or its Affiliates has obtained proprietary
and/or distribution rights (other than, in the case of non-dormant alfalfa seed, proprietary germplasm of the Company or its Affiliates).  The Testing Year Selection List for Sales Year 2018
shall include varieties of alfalfa seed developed by Company or its Affiliates derived from germplasm included as a Purchased Asset under the APSA or the Second APSA, as applicable,
(including any germplasm that is the subject of any Transferred Contract, as such term is defined in the APSA or the Second APSA, as applicable) by pedigree or to which Company or its
Affiliates has obtained proprietary and/or distribution rights on or after the Effective Date and on or prior to December 31, 2014 (other than, in the case of non-dormant alfalfa seed,
proprietary germplasm of the Company or its Affiliates).

1.18.   "Trademarks" means the trademarks owned by Pioneer, including the brand name PIONEER and the trapezoid
symbol and such other trademarks as Pioneer has either adopted or registered for, and including the marks detailed in Appendix B.

2. Planning, Production and Distribution of Pioneer Products

2.1.   Distribution

2.1.1.   Subject to the terms and conditions set forth in this Agreement, (i) Company hereby appoints, and causes its Affiliates to appoint,
Pioneer and its Affiliates as Company's and its Affiliates' exclusive distributor (to the extent expressly set forth herein) for the marketing, promotion, distribution and sale of the Pioneer
Products offered for sale in the Territory during the term of this Agreement, (ii) Pioneer and its Affiliates hereby accept such appointment and (iii) in connection therewith, Company hereby
grants to Pioneer and its Affiliates under the Company Rights (and shall cause its Affiliates to grant under the applicable Company Rights) an exclusive right (to the extent expressly set forth
herein) to market, promote, distribute and sell Pioneer Products in the Territory, including with said grant, the right to use and exercise the Company Rights solely as necessary to market,
promote distribute and sell Pioneer Products in the Territory and in accordance with the terms of this Agreement or otherwise to perform its obligations pursuant to the terms of this
Agreement.  

2.1.2.   Except as set forth in this Section 2.1.2, during the term of this Agreement, Pioneer agrees that Company or its Affiliates shall be
the sole source of alfalfa seed products for sale to customers (including, without limitation, Dealers) by Pioneer.

2.1.2.1.   In any Sales Year in which Company or its Affiliates shall fail to timely deliver the entire amount of Pioneer Products (meeting the
quality specifications set forth in Appendix A) set forth in the Initial Demand Plan for such Sales Year or, if provided to Company for such Sales Year, the Revised Demand
Plan (the amount of such failure to deliver being referred to as a "Shortfall"), Company shall, and shall cause its Affiliates to, use its commercially reasonable efforts to
seek alternative sources of equivalent alfalfa seed products (meeting the quality specifications set forth in Appendix A) for sale and delivery to Pioneer in the amount of the
Shortfall ("Alternative Supply").  If Company has not secured and

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delivered to Pioneer the entirety of the Alternative Supply on or prior to January 1 of the applicable
Sales Year, then Pioneer (and its Affiliates) shall be entitled to seek alternative sources for (and to market, promote, distribute and sell in the Territory) alfalfa seed products in the then
current Sales Year in an amount equal to the remaining Shortfall of the applicable Pioneer Products, provided that Pioneer has first purchased the entire amount of the applicable Pioneer
Products that meet the quality specifications set forth in Appendix A that are made available by Company and its Affiliates pursuant to the terms of this
Agreement.

2.1.2.2.   If any third party shall offer for license a new transgenic and/or native trait for dormant alfalfa seed that
offers a superior value pricing opportunity compared to varieties offered by Company (each, a "New Product"), and Pioneer or its Affiliates desire to purchase such New
Product for sale to customers (whether or not through its Dealers), Pioneer shall notify Company thereof in writing.  Company shall have one year to inform Pioneer in writing (the
"Election Notice") that (i) Company or its Affiliates have proprietary and/or distribution rights to offer the New Product, and (ii) Company or its Affiliates will agree to sell
to Pioneer or its Affiliates their respective requirements for the New Product, on substantially the same terms offered by such third party.  If Company shall fail to deliver the Election Notice,
or shall fail to satisfy Pioneer's or its Affiliates' requirements for the New Product on substantially the same terms offered by such third party, Pioneer (and its Affiliates) shall be entitled to
purchase and sell the New Product from such third party during the term of this Agreement until such time as Company or its Affiliates offer and deliver the New Product on substantially the
same terms, and Pioneer's or its Affiliates marketing, promotion, distribution or sale of the New Product shall not constitute a breach of this Section 2.1.2. 

2.1.2.3.   Company will, and will cause its Affiliates to, use commercially reasonable efforts to develop dormant alfalfa seed products which
meet or exceed market standards in terms of pest resistance, forage yield, forage quality and other agronomic traits (as determined by mutual agreement of the parties). For purposes of this Section 2.1.2.3, satisfaction of Company's and its Affiliates obligation to use commercially
reasonable efforts shall require commercial expenditures on research and development in an aggregate amount equal to or exceeding U.S. $1,500,000 (or such lower amount as Company
can demonstrate is reasonably likely to enable it achieve the standard set forth in the first sentence of this Section).  Commencing in 2016 and continuing for the term of this Agreement,
Company shall deliver to Pioneer such information as shall be reasonably requested by Pioneer to confirm Company's compliance with this Section 2.1.2.3.  No breach of this Section
2.1.2.3 will constitute grounds for termination of this Agreement by Pioneer pursuant to Section 6.2.1.  In the event of any breach of this Section 2.1.2.3, then Pioneer (and its Affiliates) shall
be entitled to seek alternative sources for (and to market, promote, distribute and sell in the Territory) alfalfa seed products commencing in the second Sales Year immediately following the
Sales Year in which such breach shall have occurred and continuing for the term of this Agreement, whereupon Company's obligations under this Section 2.1.2.3 shall be deemed to be of
no further force or effect.

2.1.2.4.   Without limitation to any of the foregoing, but subject in all respects to the terms and conditions of the Production Agreement, (a) unless and until the parties
shall have consummated the transactions contemplated by the Second APSA, Pioneer (and its Affiliates) shall be entitled to purchase from third parties (and market, promote, distribute and
sell in the Territory) alfalfa seed varieties containing [**]1 and/or varieties derived from a [**]2 germplasm and (b) Pioneer (and its Affiliates) shall be entitled to purchase Purchased Units (as such term is defined

_________________________

1 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

2 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

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Production Agreement) from third parties (and market, promote, distribute and sell in the Territory) the Purchased Units.  

2.1.3.   During the term of this Agreement, Company shall not, and shall cause its Affiliates not to, directly or indirectly, market,
promote, distribute, sell or otherwise transfer, in anyway, Pioneer Products in the Territory other than in accordance with the terms of this Agreement; provided that, for clarity, nothing in this
Agreement (a) restricts the Company from any activity permitted under Section 2.3.4, (b) limits in any way Company's or any of its Affiliates' rights to, directly or indirectly, solicit business,
market, promote, distribute, sell or otherwise transfer, Pioneer Products outside the Territory or (c) limits in any way Company's or any of its Affiliates' rights to, directly or indirectly, solicit
business, market, promote, distribute, sell or otherwise transfer, products other than Pioneer Products whether within or outside the Territory.  

2.1.4.   Except as expressly set forth in this Section 2.1, and except with respect to those varieties of alfalfa seed with respect to which
Pioneer shall possess and retain rights or otherwise have contractual obligations to third parties, in each case, as of the Closing under the APSA, Pioneer will not market, promote,
distribute, sell or in any other way deal in alfalfa seed or related products (including, without limitation, retail sales to customers or wholesale distribution of alfalfa seed other than Pioneer
Products), whether within or outside of the Territory.  

2.1.5.   The Parties acknowledge and agree that the marketing, promotion, distribution and sale of Pioneer Products pursuant to the terms
of this Agreement may be done by or on behalf of Pioneer, its Affiliates or their respective Dealers, appointed at the sole discretion of Pioneer; provided, however, that nothing herein shall in
any way limit any of Pioneer's or its Affiliates' Dealers' rights to market, promote, distribute sell or in any other way deal in any products (including, without limitation, any alfalfa seed
products), whether within or outside of the Territory.  

2.1.6.   In the event that any third party shall offer for license a germplasm for dormant alfalfa containing new transgenic and/or native traits, Company will use its
commercially reasonable efforts to in-license such germplasm for purposes of this Agreement and shall make such products available for selection as Pioneer Products.  No breach of this
Section 2.1.6 will constitute grounds for termination of this Agreement by Pioneer pursuant to Section 6.2.1.

2.2.   Future Pioneer Products Selection Process

2.2.1.   For Sales Year 2015, the Pioneer Products available exclusively to Pioneer for sale shall be the products identified on
Schedule 1.7 as 2015 Pioneer Products.

2.2.2.   For Sales Year 2016, the Pioneer Products available exclusively to Pioneer for sale shall be the products identified on
Schedule 1.7 as 2015 Pioneer Products and 2016 Pioneer Products.

2.2.3.   For Sales Year 2017, the following Provisions shall apply:

2.2.3.1.   The Initial Commercialization Selection List is set forth on Schedule 2.2.3.1.

2.2.3.2.   On or before January 31 of SY-2 year (in this case January 31, 2015), Pioneer shall be entitled to make two (2) selections from
such Initial Commercialization Selection List by delivering written notice thereof to Company.  In addition, Pioneer shall be entitled to one additional selection from such Initial
Commercialization Selection List for every [**]3 units (or fraction thereof) of

_________________________

3 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

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Pioneer Products sold during the Sales Year ending immediately prior to the selection date (in this case,
Sales Year 2016), which selections shall be included in the written notice described in the immediately preceding sentence.  Pioneer shall have the exclusive rights to market, promote,
distribute and sell any of the products selected in accordance with this Section 2.2.3.2. 

2.2.3.3.   Upon the delivery of the written notice described in Section 2.2.3.2 above, the Parties agree that, subject to Section 2.2.6, such
selections of the Initial Experimental Varieties shall automatically be included in Schedule 1.7.  

2.2.3.4.   Company, in its sole discretion, may offer to Pioneer additional varieties of alfalfa seed to select as Experimental Varieties for
Pioneer's consideration.  With respect to such additional varieties of alfalfa seed that are ultimately selected by Pioneer, the Parties agree that such selections shall automatically be
included in Schedule 1.7.  

2.2.4.   For Sales Year 2018 (and continuing thereafter during the term of this Agreement), the following provisions shall apply:

2.2.4.1.   Company shall prepare a new Testing Year Selection List on or before December 31 of each SY-4 and shall promptly send it,
together with all applicable Technical Information relating to the varieties of alfalfa seed derived from germplasm included as a Purchased Asset under the APSA or the Second APSA, as
applicable, (including any germplasm that is the subject of any Transferred Contract, as such term is defined in the APSA or the Second APSA, as applicable) by pedigree by Company or
its Affiliates or to which Company or its Affiliates has obtained proprietary and/or distribution rights on the Testing Year Selection List (other than, in the case of non-dormant alfalfa seed,
proprietary germplasm of Company or its Affiliates), to Pioneer.

2.2.4.2.   On or before January 31 of each SY-3, Pioneer shall be entitled to make four (4) selections from such Testing Year Selection List
by delivering written notice thereof to Company.  In addition, Pioneer shall be entitled to one additional selection from such Testing Year Selection List for every [**]4 units (or fraction thereof) of Pioneer Products sold during the Sales Year ending immediately prior
to the selection date, which selections shall be included in the written notice described in the immediately preceding sentence.  Such Pioneer selection rights shall be from the entire list of all
alfalfa seed varieties offered by Company or its Affiliates and shall be ahead of any other selection process by Company or its Affiliates, either for itself or for any other licensee or distributor
of Company or its Affiliates, or otherwise made available to any other Person.  Any of the products selected by Pioneer in accordance with this Section 2.2.4.2 will be treated hereunder as
Pioneer Products; provided, however, that if such selected variety is not again selected in SY-2 (or in any subsequent year) from the Commercialization Selection Year List, then such alfalfa
seed variety shall no longer be treated as a Pioneer Product and shall be free to be used by Company or its Affiliates as Company may determine, but subject in all events to the terms of
this Agreement.

2.2.4.3.   On or before December 1 of each SY-3, Company shall prepare a new Commercialization Selection List and shall promptly send it,
together with all applicable Technical Information relating to the Experimental Varieties on the Commercialization Selection List, to Pioneer.

_________________________

4 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

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2.2.4.4.   On or before January 31 of each SY-2 year, Pioneer shall be entitled to make two (2) selections from such Commercialization
Selection List by delivering written notice thereof to Company.  In addition, Pioneer shall be entitled to one additional selection from such Commercialization Selection List for every [**]5 units
(or fraction thereof) of Pioneer Products sold during the Sales Year ending immediately prior to the selection date, which selections shall be included in the written notice described
in the immediately preceding sentence.  Any of the products selected by Pioneer in accordance with this Section 2.2.4.4 will be treated hereunder as Pioneer Products.

2.2.4.5.   Upon the delivery of the written notice(s) described in Sections 2.2.4.2 and 2.2.4.4 above, the Parties agree that such selections of
the applicable alfalfa seed varieties shall automatically be included in Schedule 1.7.

2.2.4.6.   Company, in its sole discretion, may offer to Pioneer additional varieties of alfalfa seed to select as Experimental Varieties for
Pioneer's consideration.  With respect to such additional varieties of alfalfa seed that are ultimately selected by Pioneer, the Parties agree that such selections shall automatically be
included in Schedule 1.7. 

2.2.5.   Within ten (10) days following the date upon which any selections of alfalfa seed varieties shall be deemed to have been
automatically included in Schedule 1.7, Company shall deliver to Pioneer an updated Schedule 1.7 reflecting such additions.

2.2.6.   If, in Sales Year 2017 (or in any subsequent Sales Year), Pioneer and its Affiliates do not commit to purchase at least 800 units of any Pioneer Product, the
applicable variety will no longer be deemed a Pioneer Product and will be automatically removed from Schedule 1.7.  

2.3.   Production, Orders and Sales

2.3.1.   Reserved.

2.3.2.   For sales in Sales Year 2015 and Sales Year 2016, Company shall be required to provide, and Pioneer shall be required to
purchase, the quantities of Pioneer Products as set forth in Schedule 2.3.2 and at the prices set forth in Schedule 2.3.3.1.  

2.3.3.   For sales in Sales Year 2017 (and continuing thereafter during the term of this Agreement), the following provisions shall
apply:

2.3.3.1.   Company shall, on an annual basis on or before June 1 of the applicable SY-2, deliver to Pioneer, in writing, the prices and the
terms on which Company or its Affiliates intend to offer Pioneer Products for sale to Pioneer for distribution to Pioneer's customers for the Sales Year in which the then current year is SY-2.
The initial prices to be established for the particular Pioneer Products shall be as set forth in Schedule 2.3.3.1 for Sales Year 2015 and 2016.  The parties agree that the prices for any alfalfa seed varieties offered to Pioneer shall not increase by more than four percent (4%) (the
"Cap"), by variety from the prices for the immediately preceding Sales Year; provided that the parties will discuss in good faith an increase in the Cap for any Sales Year
in which an increase in grower compensation costs due to changes in market conditions cause Company's or its Affiliate's total production costs to increase at a percentage exceeding the
amount of the Cap.

2.3.3.2.   On or before June 30 of the applicable SY-2, Pioneer shall provide Company, in writing, with a demand plan (hereinafter referred to
as the "Initial Demand Plan")

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5 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

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specifying the number of units by variety of Pioneer Products it intends to order for sale in the Sales Year for which the then current year is
SY-2, including the number of units by variety of Pioneer Products that should be certified, as may be required under applicable state, provincial, federal, or international laws, rules and
regulations or any other applicable seed, import or export laws, rules and regulations.  The Initial Demand Plan shall include units of each Experimental Variety selected by Pioneer from the
Commercialization Selection List for such applicable Sales Year.

2.3.3.3.   With respect to any Initial Demand Plan, Pioneer may, in its sole discretion, by February 1 in the immediately following year (SY-1),
provide a revised demand plan (hereinafter referred to as the "Revised Demand Plan") to increase the number of units by variety of Pioneer Products it intends to order
for sale in the Sales Year for which the then current year is SY-1 (the quantities of Pioneer Products specified in the Revised Demand Plan in excess of the quantities specified in the Initial
Demand Plan are hereinafter referred to as the "Increased Demand"); provided, however, that any such Increased Demand shall not exceed twenty percent (20%) for
any single variety as specified in the Initial Demand Plan; and provided, however, that if such Increased Demand would require Company to enter into any grower commitments at pricing
that is equal to or greater than one hundred five percent (105%) of Company's average cost for such variety as compared to the applicable costs for such variety in the same Sales Year,
then Pioneer will reimburse Company for one-half (1/2) of the incremental costs relating to such grower commitments incurred by Company with respect to the Increased Demand within
thirty (30) days following the delivery of an invoice therefor and reasonable supporting documentation.

2.3.3.4.   Company shall be obligated to use commercially reasonable efforts to secure contracted planting acres sufficient (based on
average yields for the preceding three-year period), together with any carryover inventory, to provide one hundred ten percent (110%) of the Pioneer Products specified in the Initial Demand
Plan or any Revised Demand Plan.  On or before September 1 in each calendar year, Company shall deliver to Pioneer written notice of the number of
planting acres that Company has contracted for purposes of growing Pioneer Product and the estimated number of Units of Pioneer Products Company expects to deliver to Pioneer for the
immediately following Sales Year (including the calculations utilized by the Company in determining the anticipated yield from the specified contracted planting acres).  In the event that
Company shall not have planted (or caused to be planted) acres sufficient (based on average yields for the preceding three-year period), together with carryover inventory, to provide one
hundred ten percent (110%) of the Pioneer Products specified in the Initial Demand Plan or any Revised Demand Plan, and Company shall have failed to timely deliver one hundred percent
(100%) of the Pioneer Products specified in the Initial Demand Plan and at least eighty percent (80%) of the Increased Demand by variety specified in the Revised Demand Plan, Company
shall pay to Pioneer an amount equal to the product of (i) the number of such units that Company shall have failed to deliver and (ii) [**]6, which amounts shall be payable within thirty (30)
days following delivery of an invoice therefor.  Except as set forth in Section 2.3.7, the foregoing payment will be Pioneer's exclusive remedy and Company's sole liability for any breach of
this Section 2.3.3.4 and no breach of this Section 2.3.3.4 will constitute grounds for termination of this Agreement by Pioneer pursuant to Section 6.2.1; provided, however, that (i) if
Company shall fail to timely pay any amounts payable pursuant to this Section 2.3.3.4 or (ii) if Company shall be required to make payments pursuant to this Section 2.3.3.4 in three
consecutive Sales Years, then breach of this Section 2.3.3.4 will constitute grounds for termination of this Agreement by Pioneer pursuant to Section 6.2.1. 

_________________________

6 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 8 -

2.3.3.5.   Commencing with Sales Year 2017, to the extent made available by Company in accordance with the terms and conditions of this
Agreement, Pioneer shall be obligated to purchase (i) at least one hundred percent (100%) of the of the Pioneer Products specified in the Initial Demand Plan and (ii) eighty percent (80%) of
the Increase Demand by variety specified in the Revised Demand Plan, in each case, on the terms, and subject to the conditions, set forth in this Agreement.  

2.3.3.6.   Sales Years 2017 and all subsequent Sales Years, Pioneer shall be obligated to deliver an Initial Demand Plan and, if applicable, a Revised Demand Plan, that,
consistent with Section 2.3.3.5 above, would obligate Pioneer to purchase not less than one hundred thirty thousand (130,000) units of Pioneer Products; provided, however, that (i) prior to
the Sales Year immediately following the Sales Year in which the transactions contemplated by the Second APSA shall have been consummated (if applicable) and/or (ii) if in any applicable
Sales Year (A) Pioneer Products shall include alfalfa seed varieties containing [**]7, and (B) Company shall not produce or offer for sale to Pioneer such Pioneer Products, then in either
case, the foregoing reference to one hundred thirty thousand (130,000) units of Pioneer Products shall be revised to be one hundred four thousand (104,000) units of Pioneer Products;
provided, further, that if a third-party shall offer for sale a New Product, and Company shall fail to deliver an Election Notice or shall fail to satisfy Pioneer's or its Affiliates' requirements for
New Products on substantially the same terms offered by such third party, then the foregoing references to one hundred thirty thousand (130,000) units of Pioneer Products and/or to one
hundred four (104,000) units of Pioneer Products, if applicable, shall be further reduced by an amount equal to the number of New Products purchased by Pioneer or its Affiliates for sale in
such Sales Year from such third party; provided, further, that this Section 2.3.3.6 shall be of no further force or effect to the extent that Company's obligations under Section 2.1.2.3 shall be
deemed to be of no further force or effect.

2.3.3.7.   Notwithstanding anything herein to the contrary (including, without limitation, with respect to the twenty percent (20%) limitation for Revised Demand Plans set
forth in Section 2.3.3.3), upon the consummation of the Closing under the Second APSA (as such term is defined therein) by the parties (or their respective successors), (i) the Pioneer
Products shall automatically be deemed to include the Alfalfa Varieties (as such term is defined in the Production Agreement), and (ii) the then applicable Initial Demand Plan and/or
Revised Demand Plan (as such terms are defined in this Agreement), shall automatically be deemed to include the then applicable 2015 Contracted Amount, 2016 Contracted Amount or
2017 Contracted Amount (as such terms are defined in the Production Agreement), and the parties shall amend this Agreement as necessary to reflect the foregoing, together with any other
provisions herein as necessary to give effect thereto and to the termination of the Production Agreement and/or the Research Agreement (including, without limitation, to account for any
payments made pursuant to the Production Agreement with respect to the Alfalfa Varieties in the relevant Sales Year(s) and to update the Commercial Selection List, Experimental Varieties
and the Testing Year Selection List to account for varieties of alfalfa seed that are then the subject of the Research Agreement). 

2.3.4.   Subject to Section 2.3.3.5, Pioneer shall have the exclusive right, but not an obligation, to purchase for distribution all amounts of
Pioneer Products in the possession of Company or its Affiliates. Not later than May 1 of each Sales Year, Company shall notify Pioneer in writing of the quantities of such Pioneer Products
in the possession of Company or its Affiliates.  Pioneer's request for such additional quantities of Pioneer Products can be made

_________________________

7 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 9 -

at any time prior to June 1 of the applicable Sales Year.  For
any amounts of Pioneer Products not purchased by Pioneer in any Sales Year, Company may dispose of such Pioneer Products within the Territory by any of the following means (directly
or indirectly): (a) marketing, promoting, distributing, selling or otherwise transferring them as certified blended Company (or Company Affiliate) branded products (using Company or
Company Affiliate bags and tags), provided that such products are sold under another variety name, except where prohibited by applicable law, (b)  marketing, promoting, distributing, selling
or otherwise transferring them as certified blended third party private label branded products, provided that such products are sold under another variety name, except where prohibited by
applicable law, or (c) marketing, promoting, distributing, selling or otherwise transferring them (using Company bags and tags or otherwise) as sold as Variety Not Stated (or any similar
provision approved by state, federal or international seed regulators to sell such seed in a manner where variety names are not listed) or as blends or mixtures with other non-Pioneer
Products; provided, however, that the number of Pioneer Products disposed of by the Company within the Territory in accordance with (a), (b) or (c) above shall not exceed, in any Sales
Year, [**]8 percent ([**]9%) of the amount set forth in the Initial Demand Plan and the Revised Demand Plan for such Pioneer Product in such Sales Year.  In the event that Pioneer has
elected not to purchase excess quantities of Pioneer Products in any Sales Year pursuant to this Section 2.3.4, and the number of such excess quantities of Pioneer Products is greater than
[**]10 percent ([**]11%) of the amounts set forth in the Initial Demand Plan and the Revised Demand Plan for such Sales Year, then Company may, no later than June 1 of such Sales Year
deliver to Pioneer written notice of its election to enter into good faith negotiations with Pioneer regarding the terms and conditions pursuant to which Company may dispose of the excess
quantities of Pioneer Products described in this sentence, whereupon Company and Pioneer shall negotiate such terms and conditions, in good faith, for up to sixty (60) days following the
delivery of such written notice.  Notwithstanding the above, Company may retain such Pioneer Products to meet subsequent demand plan requests of Pioneer, provided that Company so
notifies Pioneer of its intent to do so by June 1 of the applicable Sales Year.

2.3.5.   On or before June 30 in each SY-1, Pioneer shall provide a conditioning request to Company that provides its then current request
for Pioneer Products by variety in substantially the form set forth on Schedule 2.3.5. Pioneer shall have the right to amend such request thereafter to the extent that such
Pioneer Products have not yet been conditioned in the manner as originally set forth in any previous conditioning request.  By way of example, Pioneer may request changing a previous
request for bulk untreated or treated seed to fully conditioned, treated and bagged units, but may not request a change from fully conditioned, treated or untreated, bagged units to bulk
conditioned units without an agreement in writing between the parties.  As another example, Pioneer may request to change bulk untreated to bulk treated. 

2.3.6.   On or before October 1 in each SY-1 (other than SY-1 for Sales Year 2015), Pioneer shall deliver a written delivery plan for Pioneer
Products for the applicable Sales Year, which such delivery plan shall specify the applicable delivery point (hereinafter referred to as the "Delivery Point"); provided,
however, that on no less than fifteen (15) days prior written notice given prior to the delivery of the applicable Pioneer Products, Pioneer shall be permitted to modify the applicable Delivery
Point for such Pioneer Products.  The delivery plan for Pioneer Products for Sales Year 2015 is set forth on Schedule 2.3.6. To the extent that the
Delivery Point is not in Nampa, Idaho, Pioneer will reimburse Company for the costs of shipping and transportation incurred by Company within thirty (30) days following delivery of an
invoice therefor (which invoice shall include reasonable supporting documentation).  Company shall use its commercially reasonable  efforts to deliver
Pioneer Products in accordance with such written delivery plan to the specified Delivery Point; provided,

_________________________

8 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

9 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

10 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

11 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 10 -

however, that Pioneer shall not request delivery of, and Company shall not deliver,
Pioneer Products for the applicable Sales Year before November 1 in such SY-1 nor later than February 15 of such Sales Year.  Except as set forth in this Section 2.3.6, all Pioneer
Products purchased hereunder shall be delivered DDP Delivery Point (Incoterms 2010).  Title and risk of loss of the Pioneer Products purchased hereunder shall pass from Company to
Pioneer simultaneously with delivery thereof made in accordance with this Section 2.3.6.

2.3.7.   In the event any Pioneer Products fails to meet standards set forth in Appendix A, Pioneer shall notify Company,
and shall promptly upon Company's request (and at Company's expense) return such seed to Company.  Without limitation to any other provision herein (including Section 7.8), Pioneer
shall be entitled to a refund of the purchase price paid for any such Pioneer Products not meeting the standards set forth in Appendix A, together with reimbursement of
any costs and taxes incurred by Pioneer in connection with the purchase of such Pioneer Products.  Any claim for non-delivery, damage, non-conformance, or other defect of Pioneer
Products must be made within sixty (60) days after delivery thereof (or, in the case of non-delivery, within sixty (60) days of the date specified in the written delivery plan submitted pursuant
to Section 2.3.6); provided, however, that as to any such cause not reasonably discoverable by visual inspection within such sixty (60) day period, any claim based thereon shall be deemed
to be waived by unless made in writing and received by Company no later than fifteen (15) days after Buyer learns of such defect giving rise to such claim.  For the avoidance of doubt, any
damage or other cause that is not reasonably discoverable without opening any bag or other container shall not be deemed to be reasonably discoverable by visual inspection.  All claims
not made in writing and received by Company within the time periods specified above shall be deemed waived. No claim will be allowed or returned Pioneer Product accepted if the Pioneer
Product has been treated or processed in any manner, except upon proof satisfactory to Company of the existence of a latent defect not ascertainable before treating or processing.
Pioneer's exclusive remedy and Company's sole liability for any breach of this Section 2.3.7, shall be (i) with respect to Pioneer Products that are not timely delivered, damages payable
pursuant to Section 2.3.3.4, (ii) at Company's option, either (a) replace damaged, non-conforming or defective Pioneer Product with non-damaged, conforming, non-defective Pioneer
Product or (b) refund any purchase price paid by Pioneer for the non-conforming Pioneer Product, which replacement or refund shall be made within thirty (30) days of the delivery of written
notice thereof, (iii) refund of all reasonable, documented costs incurred in connection with the freight, insurance, transportation, export, or import of such Pioneer Product paid by Pioneer for
such late delivery, non-delivery, or damaged, non-conforming or defective Pioneer Product delivery, within thirty (30) days of the delivery of an invoice therefor and reasonable supporting
documentation, and (iv) indemnification for third party claims pursuant to Section 7.8.1. No breach of this Section 2.3.7 will constitute grounds for termination of this Agreement by Pioneer
pursuant to Section 6.2.1; provided, however, that (i) if Company shall fail to timely replace or pay any amounts payable pursuant to this Section 2.3.7 or (ii) if Company shall be required to
replace or make payments for damaged, non-conforming or defective Pioneer Products pursuant to this Section 2.3.7 with respect to more than five percent (5%) of the Pioneer Products
purchased in any Sales Year, then breach of this Section 2.3.7 will constitute grounds for termination of this Agreement by Pioneer pursuant to Section 6.2.1.  

2.3.8.   Payments for Pioneer Products purchased under this Agreement shall be paid as follows:

2.3.8.1.   On or before January 5, 2015, Pioneer shall pay to Company, with respect to the 2015 Sales Year, four-fifths (4/5) of the total
purchase price for the 2015 Pioneer Products specified in Schedule 2.3.2.  On or before November 15, SY-1, Pioneer shall pay to Company (i) with respect to the 2016
Sales Year, one third (1/3) of the total purchase price for the 2016 Pioneer Products specified in Schedule 2.3.2. and (ii) with respect to each other Sales Year thereafter,
an amount that is equal to one third (1/3) of the total purchase price for the Pioneer Products (by variety and number of units) specified in the Initial Demand Plan for such Sales

                                                                - 11 -

Year, or, if provided to Company, the Revised Demand Plan for such sales year, less the purchase price for twenty percent (20%) of the Increased Demand (by variety and number of units).

2.3.8.2.   On or before January 15, Sales Year, Pioneer shall pay to Company (i) with respect to the 2016 Sales Year, one third (1/3) of the total purchase price for the
2016 Pioneer Products specified in Schedule 2.3.2. and (ii) with respect to each other Sales Year thereafter, an amount that is equal to one third (1/3) of the total purchase
price for the Pioneer Products (by variety and number of units) specified in the Initial Demand Plan for such Sales Year, or, if provided to Company, the Revised Demand Plan for such sales
year, less the purchase price for twenty percent (20%) of the Increased Demand (by variety and number of units).

2.3.8.3.   On or before April 15, Sales Year, Pioneer shall pay to Company an amount that is equal to the purchase price for the Pioneer
Products purchased by Pioneer and delivered for the applicable Sales Year in accordance with Section 2.3.6 above (such amount hereinafter referred to as the "Sales Year
Purchase Price"), less an amount equal to payments made pursuant to Sections 2.3.8.1 and/or 2.3.8.2 above; provided, however, that if in any Sales Year the amount paid by
Pioneer pursuant to Sections 2.3.8.1 and/or 2.3.8.2 is greater than the Sales Year Purchase Price, then Company shall pay to Pioneer an amount equal to such difference not later than
April 15, Sales Year.  

2.3.8.4.   Any payment not made by the dates referenced above shall accrue interest at the rate of one half percent (1/2%) per month until
paid.  

2.3.8.5.   Each of Company and Pioneer shall be responsible for (and remit as prescribed by the laws of any duly constituted taxing authority
with jurisdiction) any sales, use, value added, goods and services, transfer or similar taxes, or any surcharges or escheat requirements, (collectively, the "Taxes")
imposed upon such party or its Affiliates by the laws of such jurisdiction in effect at the time Pioneer Products are provided.  For jurisdictions where the Taxes are imposed by statute upon
Company, without statutory provision for recovery from Pioneer, Company shall bear the Taxes in full and without reimbursement.  For jurisdictions where the Taxes are imposed by statute
upon Pioneer, Company shall separately itemize the Taxes on each invoice for which the Taxes are applicable.  In the alternative, Pioneer may timely provide Company with the required
documentation to exempt the Pioneer Products from the Taxes or to evidence Pioneer's authority to remit the Taxes directly.

2.3.8.6.   Pioneer shall withhold income or other Taxes from payments to Company to the extent that such Taxes are required by any duly constituted taxing authority and
in no event shall Pioneer be required to "gross up" or increase any payment to Company for such Taxes.  Pioneer shall not be responsible for (i) any taxes based upon the
assets, capital, equity, gross receipts, net income or taxable margin of Company (or its Affiliates), (ii) any penalties or interest resulting from Company's (or its Affiliates') failure to timely pay
any Taxes attributable to the Pioneer Products or, if such Taxes are imposed by applicable law upon Pioneer and remitted through Company, to timely notify Pioneer of such Taxes, (iii) the
employer's share of any employment related taxes of any sort (including federal, state and provincial social security taxes and federal, state and provincial unemployment taxes for all
employees engaged by Company (or its Affiliates), or (iv) any other taxes or charges applicable to Company's (or its Affiliates') actions, facilities, employees and materials used in providing
the Pioneer Products.

2.3.9.   Notwithstanding anything herein to the contrary, the parties acknowledge and agree that Pioneer shall have the right to bag, re-bag, tag, re-tag and blend any
Pioneer Products purchased pursuant to this Agreement and to the extent Pioneer or its Affiliates take such

                                                                - 12 -

actions (or cause to be taken such actions), Company shall promptly, upon
request from Pioneer, perform, complete and deliver the results of, all tests required by law to be conducted in accordance with the standard set forth on Appendix A,
including any germination tests, to the extent such samples are provided by or on behalf of Pioneer to Company.  Pioneer will reimburse Company for all costs reasonably incurred by
Company in performing the testing described in this Section 2.3.9.

2.3.10.   Notwithstanding anything herein to the contrary, the parties acknowledge and agree that Pioneer shall have the right to treat or retreat (or coat or re-coat) any
Pioneer Products in their sole discretion, and the same will not constitute a violation of the Patent License (as such term is defined in the APSA), any Company Rights or any other
intellectual property rights of Company or its Affiliates.  

3. Additional Obligations

3.1.   Company will provide Pioneer with reasonable access to an agronomist and/or research scientist
and such other sales support, assistance, advice and other information (as is mutually agreeable) to enhance Pioneer's ability to perform its obligations under this Agreement.

3.2.   If Pioneer reasonably determines that registration or inscription of one or more Pioneer Products is necessary or desirable in the
Territory, Company agrees to use commercially reasonable efforts to cooperate with (and to cause its Affiliates to use commercially reasonable efforts to cooperate with) Pioneer and its
Affiliates in order to obtain and maintain such registration or inscription.  The costs payable to applicable governmental bodies for obtaining and/or maintaining any such registration or
inscription shall be borne solely by Pioneer.

3.3.   Company agrees that it will (and will cause its Affiliates to) utilize the tagging equipment specified by Pioneer during the term of
this Agreement for all Pioneer Products purchased by Pioneer hereunder.  Pioneer shall provide tag printing guidelines to Company and its Affiliates, as the same may be updated or revised
by Pioneer on reasonable prior written notice.  Pioneer shall provide the software required to support the dedicated tagging printer utilized by Company for purposes of supply Pioneer
Products pursuant to the terms of this Agreement.  

3.4.   Company shall ensure (and shall cause its applicable Affiliates to ensure) that germination tests as required by law are conducted
in accordance with standards set forth on Appendix A on each lot of Pioneer Products.

3.5.   For purpose of data to be submitted to Pioneer for alfalfa seed varieties in the Testing Year Selection List and the
Commercialization Testing List, Company shall conduct testing that includes the then most current Pioneer Products and other then current representative samples of competitor products in
the U.S. market. 

3.6.   In February 2015 and in December of each calendar year during the term of this Agreement, the representatives of Company and
Pioneer shall meet (in person or telephonically) to review and discuss the varieties of alfalfa seed in Company's pipeline, including, without limitation, the Experimental Varieties.  Starting in
calendar year 2015 and continuing for the duration of this Agreement, and subject to compliance with Company's, its applicable Affiliate's or any applicable third party's visitor safety rules
and requirements, Company shall, during Company's or its applicable Affiliate's normal business hours and on not less than five days prior written notice to Company, permit Pioneer to visit
Company's or its applicable Affiliate's locations where Pioneer Products are grown, tested, or packaged with its agents or employees who are subject to confidentiality agreements similar in
scope and nature to Section 7.14 hereof, and Company shall use its commercially reasonable efforts to cause any third party that grows, tests or packages Pioneer Products on behalf of
Company or its Affiliates to permit Pioneer, its agents or employees to visit such applicable locations, in all events for the limited purpose of observing the manufacture, production, research,
testing and/or packaging of Pioneer Products by or on behalf of Company or its Affiliates; provided, however, that such visit or observation shall not unreasonably interfere with activities
carried out by Company, its Affiliates or such third parties at such locations. 

                                                                - 13 -

3.7.   No breach of the obligations in Sections 3.1 through 3.3 will constitute grounds for termination of this Agreement by Pioneer pursuant to Section 6.2.1.

4. Warranty

4.1.   Company agrees to use commercially reasonable efforts to cooperate  (and to cause its Affiliates to use commercially reasonable
efforts to cooperate) when Pioneer may reasonably request to limit liability of Pioneer, its Affiliate and their respective Dealers and Company to any person to whom Pioneer, its Affiliates or
their respective Dealers sells such products, including making the bag and tag language set forth on the Pioneer Products, or other terms as Pioneer provides from time-to-time as part of
the terms of sale of the Pioneer Products to all ultimate purchasers or users. 

4.2.   Company will cooperate (and shall cause its Affiliates to cooperate) with Pioneer in providing legal documentation, and tests,
reasonably requested by Pioneer in order to obtain all necessary registrations, permissions and approvals for the distribution of the Pioneer Products in the Territory.

4.3.   Company represents and warrants that, at the time Company delivers (or causes to be delivered) the Pioneer Products at the
Delivery Point, (i) such Pioneer Products are free of all encumbrances (including all liens and security interests), (ii) Company has good title to the Pioneer Products, with the right to sell the
Pioneer Products to Pioneer and (iii) such Pioneer Products will meet the specifications set forth on Appendix A, except as agreed to by the parties in writing, and
will be useable and saleable in the ordinary course of business.

 

4.4.   Company represents and warrants that the marketing, promotion, distribution and sale of the Pioneer Products by Pioneer (or its
Affiliates or their respective Dealers) in the Territory will not infringe any third party's intellectual property rights. 

4.5.   EXCEPT AS EXPRESSLY PROVIDED IN THIS AGREEMENT, COMPANY DOES NOT MAKE AND COMPANY HEREBY SPECIFICALLY DISCLAIMS, ANY
WARRANTIES, CONDITIONS, CLAIMS OR REPRESENTATIONS, EXPRESS, IMPLIED, OR STATUTORY, WITH RESPECT TO SEED, INCLUDING, WITHOUT LIMITATION, IMPLIED
CONDITIONS OR WARRANTIES OF QUALITY, PERFORMANCE, NON-INFRINGEMENT, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE, NOR ARE THERE ANY
WARRANTIES CREATED BY COURSE OF DEALING, COURSE OF PERFORMANCE, OR TRADE USAGE.

5. Trademarks  

5.1.   Pioneer hereby grants to Company the non-exclusive right and license to use the Trademarks: in the Territory under the
terms and conditions generally imposed by Pioneer for such licenses solely for purposes of satisfying Company's obligations under the terms and conditions of this Agreement.  Company
hereby agrees to comply with these terms and conditions and also agrees to execute the Trademark License set forth on Appendix C.  

5.2.   Pioneer may refuse sale under the Trademarks of any Pioneer Products which Pioneer determines was stored by improper methods or conditions or does not
conform to Pioneer standards or the specifications set forth in Appendix A; provided, that, Pioneer will not be obligated to purchase from Company such Pioneer Products
pursuant to this Agreement. 

5.3.   During the term of this Agreement, Pioneer shall at its own expense provide Company with such bags and tags that are necessary
for the bagging of the Pioneer Products.  Pioneer shall determine the appropriate bag and tag language that should be on the bag or on the tag to be attached to the bag. Company shall
provide the equipment and printers necessary to print on demand such language as may be necessary to be on the tag at the time of conditioning. 

5.4.   During the term of this Agreement, Pioneer shall at its own expense provide Company with the pallets that are reasonably necessary to facilitate the supply of
the Pioneer Products pursuant to the

                                                                - 14 -

terms of this Agreement.  The parties acknowledge and agree that the pallets located at the Transferred Plant Site in Nampa shall satisfy Pioneer's
obligations under this Section 5.4 until such time as Company shall otherwise notify Pioneer in writing. 

6. Term and Termination

6.1.   This Agreement shall be effective as of the date first written above and, unless terminated in accordance with Section 6.2 below,
shall continue until September 30, 2024; provided, however, that the parties acknowledge and agree that Pioneer will not deliver any Demand Plan for any Sales Year commencing after the
expiration of this Agreement.

6.2.   Notwithstanding the provisions of Section 6.1:

6.2.1.   either party shall have the right to terminate this Agreement by giving sixty (60) days written notice to the other party in the event
of any material breach of this Agreement by the other party (which notice shall provide reasonable detail of such breach by the other party) and a failure to cure such breach within such
sixty (60) day period.

6.2.2.   either party shall have the right to terminate this Agreement immediately by giving written notice to the other party if the other party
shall be adjudicated a bankrupt or make an arrangement for the benefit of creditors, or bankruptcy, insolvency, reorganization, arrangement, debt adjustment, receivership, liquidation or
dissolution proceedings shall be instituted by or against the other party and, if instituted adversely, the other party consents to the same or admits in writing the material allegations thereof
or said proceedings shall remain undismissed for ninety (90) days.

6.3.   Upon expiration or termination of this Agreement, except as provided in Section 7.11, all rights and
obligations under this Agreement shall become null, void and ineffective, except that the rights and obligations of either party that have accrued shall not be affected thereby. The foregoing
notwithstanding, Pioneer (or its Affiliates or their respective Dealers) may sell the Pioneer Products delivered to Pioneer pursuant to this Agreement during the Sales Year in which this
Agreement expires in accordance with Section 6.1, or if this Agreement is terminated pursuant to Section 6.2, in the Sales Year in which this Agreement is terminated or in the next
succeeding Sales Year.  

6.4.   The right of either party to terminate this Agreement is not an exclusive remedy, and upon breach of this
Agreement, either party shall be entitled alternatively or cumulatively to any available remedy against the other party at law or in equity.

7. General Provisions

7.1.   Waiver. Any failure to enforce a breach shall not constitute a waiver of such breach. Performance of any
obligation required of a party hereunder may be waived only by a written waiver signed by the other party, which waiver shall be effective only with respect to the specific obligation
described in such duly executed written waiver. The waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be
construed as a waiver of any subsequent breach of the same provision or another provision of this Agreement.

7.2.   Severability. If any provision hereof is found invalid or unenforceable pursuant to any executive, legislative, judicial or
other decree or decision, the remainder of this Agreement shall remain valid and enforceable according to its terms, unless either party deems the invalid or unenforceable provisions
to be essential to this Agreement, in which case such party may terminate this Agreement, effective immediately, upon written notice to the other party.

7.3.   Governing Law: Dispute Resolution: Section Titles.

7.3.1.   Except as set forth in Section 7.3.7, any dispute between the parties arising out of or relating to this Agreement or the transactions
contemplated hereby, or the interpretation, validity or

                                                                - 15 -

effectiveness of this Agreement, or any provision of this Agreement, in the event the parties fail to agree, shall, upon the written request
of a party, be referred to designated senior management representatives of the parties for resolution.  Such representatives shall promptly meet and, in good faith, attempt to resolve the
controversy, claim or issues referred to them.

7.3.2.   If such representatives do not resolve the dispute within thirty (30) days after the dispute is referred to them, the dispute shall be
settled by binding arbitration, in accordance with the Center for Public Resources (hereinafter referred to as "CPR") Rules for Non-Administered Arbitration of Business
Disputes.  For disputes in which the amount in controversy is less than or equal to U.S. $1,000,000, the parties shall mutually select one (1) neutral arbitrator who shall be qualified by
experience and training to arbitrate commercial disputes.  If the parties cannot agree on an arbitrator or if the amount in controversy exceeds U.S. $1,000,000, such dispute shall be settled
by three (3) arbitrators who shall be qualified by experience and training to arbitrate commercial disputes, of whom each party involved in the arbitration shall appoint one, and the two
appointees shall select the third, subject to meeting the qualifications for selection.  If the parties have difficulty finding suitable arbitrators, the parties may seek assistance of CPR and its
CPR Panels of Distinguished Neutrals.  Judgment upon the award or other remedy rendered by the arbitrators may be entered by any court having jurisdiction thereof.  The place of
arbitration shall be in Des Moines, Iowa.  The arbitrators shall apply the substantive law of the State of Iowa, without regard to its conflicts of law principles, and their decision thereon shall
be final and binding on the parties.  Discovery shall be allowed in any form agreed to by the parties, provided that if the parties cannot agree as to a form of discovery (i) all discovery shall
be concluded within one hundred twenty (120) days of service of the notice of arbitration, (ii) each party shall be limited to no more than ten (10) requests for the production of any single
category of documents, and (iii) each party shall be limited to two (2) depositions each with a maximum time limit that shall not exceed four (4) hours.  Each party shall be responsible for
and shall pay for the costs and expenses incurred by such party in connection with any such arbitration; provided, however, that all filing and arbitrators' fees shall be borne fifty percent
(50%) by Pioneer and fifty percent (50%) by Company.  Each party does hereby irrevocably consent to service of process by registered mail, return receipt requested with respect to any
such arbitration in accordance with and at its address set forth in Section 7.10 (as such address may be updated from time to time in accordance with the terms of Section 7.10).  Any
arbitration contemplated by this Section 7.3 shall be initiated by sending a demand for arbitration by registered mail, return receipt requested, to the applicable party in accordance with and
at the address set forth in Section 7.10 (as such address may be updated from time to time in accordance with the terms of Section 7.10) and such demand letter shall state the amount of
relief sought by the party making the demand.  This Agreement shall not be governed by the U.N. Convention on Contracts for the International Sale of Goods.  

7.3.3.   All proceedings and any testimony, documents, communications and materials, whether written or oral, submitted to or generated
by the parties to each other or to the arbitration panel in connection with this Section 7.3 shall be deemed to be in furtherance of settlement negotiation and shall be privileged and
confidential, and shielded from production in other proceedings except as may be required by applicable law.

7.3.4.   This Agreement shall be governed by the substantive laws of the State of Iowa, without regard to its conflicts of laws principles,
and, except as otherwise provided herein, the State and Federal courts in the City of Des Moines, Iowa shall have exclusive jurisdiction over any proceeding seeking to enforce any
provision of, or based upon any right arising out of, this Agreement or the transactions contemplated hereby.  The parties hereto do hereby irrevocably (i) submit themselves to the personal
jurisdiction of such courts, (ii) agree to service of such courts' process upon them with respect to any such proceeding, (iii) waive any objection to venue laid therein and (iv) consent to
service of process by registered mail, return receipt requested in accordance with and at its address set forth in Section 7.10 (as such address may be updated from time to time in
accordance with the terms of Section 7.10).

                                                                - 16 -

7.3.5.   The parties acknowledge and agree that the foregoing choice of law and forum provisions are the product of an arm's-length
negotiation between the parties.

7.3.6.   Notwithstanding anything to the contrary in this Section 7.3, either party to this Agreement may seek, in the State or Federal
courts in the City of Des Moines, Iowa, interim or provisional injunctive relief (or similar equitable relief) to maintain the status quo until such time as the designated senior management
representatives of the parties resolve a dispute referred to them or an arbitration award or other remedy is entered in connection with such dispute pursuant to this Section 7.3 and, by doing
so, such party does not waive any right or remedy available under this Agreement.

7.3.7.   Company acknowledges and agrees that Pioneer would be irreparably harmed by any violation by Company of the restrictive
covenants set forth in Section 5 and that, in addition to all other rights and remedies available to Pioneer at law or in equity (which in all events shall be subject to the applicable limitations
contained herein), Pioneer shall be entitled to injunctive and other equitable relief to prevent or enjoin any such violation.

7.3.8.   Titles of sections are for reference only and shall not govern the interpretation of this Agreement.  

7.4.   Entire Agreement; Modifications. This writing (together with the APSA and the Second APSA, if applicable, and the
Transaction Documents, as such term is defined in the APSA) contains the entire agreement between the Parties superseding any prior agreements dealing with the subject matter hereof.
No modification of this Agreement shall be effective unless it is in writing, signed by the parties.  

7.5.   Assignment. Neither party may assign any of its rights or obligations under this Agreement, in whole or in part, without
the prior written consent of the other party; provided, however, that no consent shall be required if this Agreement is assigned by a party to an Affiliate or in connection with the sale, transfer
or assignment of all or substantially all of the party's business or assets and such Affiliate or purchaser, transferee or assignee shall have agreed, in a writing reasonably acceptable to the
other party, to be bound by the terms of this Agreement and to assume such party's obligations hereunder; provided, further, that in the case of Company, Company may only assign this
Agreement to an Affiliate if (i) such Affiliate is wholly-owned by Company and (ii) Company shall have executed and delivered to Pioneer a guaranty in substantially the same form as the
Guaranty (as defined in the APSA), pursuant to which Company shall guaranty all of the obligations of such wholly-owned Affiliate under this Agreement.  Any attempted assignment in
violation of this Section 7.5 shall be void.  

7.6.   Third Party Benefits. This Agreement shall be binding upon, and inure to the benefit of each of the parties and
their respective successors and permitted assigns. Nothing contained in this Agreement, express or implied, shall be deemed to confer any right or remedy upon, or obligate any party
hereto to, any person or entity other than the parties hereto.

7.7.   Force Majeure. The failure or delay of either party to perform any obligation under this Agreement  by reason of acts of
God, adverse weather conditions (either from the perspective of agricultural production of seed or its shipment by sea/air), epidemics, acts of civil or military authority, civil disturbance, war,
strikes or other labor disputes or disturbances, fire, transportation contingencies, shortage of facilities, fuel, energy, labor or materials, or laws, regulations, acts or orders of any
governmental agency or official thereof, other catastrophes, or any other circumstance beyond its reasonable control ("Force Majeure") shall not be deemed to be a
breach of this Agreement so long as the party so prevented from complying with this Agreement shall have used its commercially reasonable efforts to avoid such Force Majeure or to
ameliorate its effects, and shall continue to take all actions within its power to comply as fully as possible with the terms of this Agreement. In the event of any such default or breach,
performance of the obligations shall be deferred until the Force Majeure ceases.

                                                                - 17 -

7.8.   Indemnification.

7.8.1.   Company will defend, indemnify, protect and hold harmless Pioneer, its Affiliates and their respective executives, officers,
directors, stockholders, representatives, employees, agents (including, without limitation Dealers), parent companies, and subsidiaries from and against any and all demands, actions,
recalls, claims, obligations, causes of action, complaints, lawsuits and legal or other similar proceedings ("Claims") and any judgments, penalties, fines, settlements,
losses, liabilities, damages and costs (including attorney's fees) resulting from any Claims to the extent Claims arise out of or are related to a breach by Company or its Affiliates of this
Agreement (including, without limitation, any breach of the warranties set forth in Section 4).

7.8.2.   Pioneer shall defend, indemnify, protect and hold harmless Company, its Affiliates and their respective executives, officers,
directors, stockholders, representatives, employees, agents, parent companies, and subsidiaries from and against any and all Claims and any judgments, penalties, fines, settlements,
losses, liabilities, damages and costs (including attorney's fees) resulting from any Claims to the extent such Claims arise out of or are related to a breach by Pioneer or its Affiliates of this
Agreement.

7.9.   Limitation on Liability.  THE LIABILITY OF EACH PARTY UNDER THIS AGREEMENT SHALL BE LIMITED TO ACTUAL
DAMAGES AND IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY CONSEQUENTIAL, SPECIAL, INDIRECT, PUNITIVE OR EXEMPLARY DAMAGES, INCLUDING LOST
PROFITS (OTHER THAN, FOR THE AVOIDANCE OF DOUBT, LOST PROFITS THAT WOULD CONSTITUTE GENERAL, DIRECT DAMAGES), HOWEVER CAUSED AND ON ANY
THEORY OF LIABILITY, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, OTHER THAN FOR SUCH DAMAGES OR LOST PROFITS
ACTUALLY INCURRED BY SUCH PARTY PURSUANT TO A THIRD-PARTY CLAIM.  NEITHER PARTY SHALL BE LIABLE OR OBLIGATED WITH RESPECT TO ANY LOSS OR
DAMAGES RESULTING FROM ANY CLAIMS, DEMANDS OR ACTIONS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR UNDER ANY CONTRACT, NEGLIGENCE,
STRICT LIABILITY OR OTHER LEGAL OR EQUITABLE THEORY FOR ANY AMOUNTS IN EXCESS IN THE AGGREGATE AMOUNT OF THE AMOUNTS PAID BY OR TO IT
HEREUNDER DURING THE TWELVE MONTH PERIOD PROCEEDING THE DATE SUCH CLAIM, DEMAND OR ACTION ARISES (OR IN THE CASE OF CLAIMS, DEMANDS OR
ACTIONS ARISING PRIOR TO THE FIRST ANNIVERSARY OF THE EFFECTIVE DATE, DURING THE TWELVE MONTH PERIOD FOLLOWING THE EFFECTIVE DATE), PROVIDED
THAT THE FOREGOING LIMITATION ON DAMAGES SHALL NOT APPLY TO (I) LOSSES OR DAMAGES ACTUALLY INCURRED BY SUCH PARTY PURSUANT TO A THIRD-PARTY
CLAIM, (II) CLAIMS, DEMANDS OR ACTIONS ARISING OUT OF OR RELATING TO INFRINGEMENT OR ALLEGED INFRINGEMENT OF ANY INTELLECTUAL PROPERTY RIGHTS
OF ANY THIRD-PARTY, OR (III) LOSSES OR DAMAGES ARISING OUT OF OR RELATING TO A BREACH OF SECTION 2.3.3.5, 2.3.3.6, 2.3.8.1, 2.3.8.2 OR 2.3.8.3.

7.10.   Notices. All notices, demands, requests, consents or other communications hereunder shall be in writing and shall be deemed sufficiently given if
personally delivered, in which case such notice shall be deemed received upon delivery, or sent by prepaid air courier of internationally recognized repute, in which case such notice shall be
deemed received upon receipt of confirmation of transmission of the telefax to the parties at the following address, or to such other address as may be designated by written notice given by
either party to the other party: 

If to Pioneer:

PIONEER HI-BRED INTERNATIONAL, INC.

                   Attention:  General Counsel

                   DuPont Pioneer

                   7250 N.W. 62nd Ave.

                   P.O. Box 1014

                   Johnston, IA  50131-1014

                   Fax: (515) 535-4844

                                                                - 18 -

If to Company:

S&W SEED COMPANY

                   Attention: Chief Financial Officer

                   1974 N. Gateway Blvd., Suite 104

                   Fresno, CA 93727

                   Fax: (559) 255-5457

7.11.   Survival: In addition to any accrued rights. The provisions under Sections 6.1, 6.3, 6.4 and this Article 7 (together with
any other provisions of this Agreement necessary to give effect thereto) shall survive any expiration or termination of this Agreement and shall remain in full force and effect
thereafter.

7.12.   Relationship of the Parties. Pioneer and its Affiliates are independent purchaser and/or sellers of the Pioneer Products and
shall not be considered an agent, partner or legal representative of Company or its Affiliates for any purpose.  Pioneer shall perform its obligations under this Agreement and otherwise
conduct its business in its own name and for its own account.  Without limitation to the foregoing, the parties acknowledge and agree that Pioneer and its Affiliates shall at all times be
considered an independent contractor and shall establish its own sales prices for its sales of products to its Dealers and customers.

7.13.   Conflict. In the event of conflict between the terms of this Agreement and the provisions of any printed standard terms and
conditions of sale covering the sale of Pioneer Products and/or terms on invoices, the terms of this Agreement shall prevail.

7.14.   Confidentiality.

7.14.1.   For purposes of this Agreement, "Confidential Information" means this Agreement, and the Schedules
and Exhibits hereto, and any information disclosed by one party or its Affiliates or their representatives to the other party or its Affiliates or their representatives in connection with the
transactions contemplated hereby and identified in writing as "confidential" or similar notation.  Except as otherwise permitted by this Agreement, a party shall not, and shall
cause its Affiliates and their respective employees, consultants, agents and attorneys not to, disclose the Confidential Information of the disclosing party or its Affiliates or their
representatives to any third party or use the Confidential Information except for purposes of this Agreement and the transactions contemplated hereby without the prior written permission of
the disclosing party for a period of five (5) years after the date of disclosure; provided, that the foregoing obligations of confidentiality and restricted use shall not extend to information that is:
(i) already known at the time of its receipt by the receiving party, as shown by its prior written records; (ii) properly in the public domain through no fault of the receiving party; (iii) disclosed to
the receiving party by a third party who may lawfully do so; or (iv) independently developed by or for the receiving party without use of the disclosing party's Confidential
Information.

7.14.2.   Notwithstanding Section 7.14.1, a receiving party may disclose Confidential Information of the disclosing party required to be
disclosed by applicable law or the rules or regulations of any U.S. or foreign securities exchange (if not subject to protection as confidential business information or otherwise protected by
statute or common law privilege against disclosure); provided, however, that prior to any such disclosure, the receiving party shall use commercially reasonable efforts to (i) give the other
party written notice of such requirement prior to any such disclosure and (ii) allow the other party reasonable time to take such steps as to limit such disclosure.  The parties shall cooperate
with one another in the good faith making or assertion of any available defense or privilege relating to the disclosure of the Confidential Information.  

                                                                - 19 -

7.14.3.   Notwithstanding the foregoing, a receiving party may disclose Confidential Information to its Affiliates, and their respective officers,
directors, employees, consultants, agents and attorneys (including, without limitation, Dealers) having a need to know for the purposes of consummating the transactions contemplated
hereby and who are subject to a confidentiality agreement or obligation covering such information.

7.14.4.   Notwithstanding anything to the contrary contained in this Section 7.14, each party agrees that it shall, and shall cause its
Affiliates and their respective officers, directors, employees, consultants, agents and attorneys to, (i) take reasonable measures to protect the secrecy, and avoid disclosure, except as
expressly permitted by this Section 7.14, and unauthorized use, of the Confidential Information of the other party and its Affiliates and (ii) with respect to the Confidential Information of the
other party and its Affiliates, take at least those measures that it takes to protect its own confidential information of a similar nature, but in no case less than reasonable care.

7.15.   Language. This Agreement may be executed in counterparts, all of which together constitute a single instrument. This
Agreement may also be executed in English and another language. In the event there is a dispute regarding meaning, the English version shall control.

[Signature Page Follows]

                                                                - 20 -

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

	
PIONEER HI-BRED INTERNATIONAL, INC.

	
S&W SEED COMPANY

	
By __________________________________
	
By  ___________________________________

	
Name: 
	
Name:   

	
Title:  
	
Title: 

	 	 

   

   

   

            [Signature Page to Distribution Agreement]January 7, 2015 Exhibit 10.2

    EXHIBIT 10.2

**  Portions of this agreement have been omitted and filed separately with the SEC
pursuant to a confidential treatment request

CONFIDENTIAL

EXECUTION VERSION

CONTRACT ALFALFA PRODUCTION SERVICES AGREEMENT

This Contract Alfalfa Production Services Agreement (including all Exhibits hereto, as amended, modified or supplemented from time to time in accordance
with its terms, the "Agreement") is made and entered into on December 31, 2014 by and between Pioneer Hi-Bred International, Inc., a corporation organized and
existing under the laws of the State of Iowa, with its principal place of business at 7100 NW 62nd Ave., P.O. Box 1014, Johnston, Iowa 50131, hereinafter referred to as
"Pioneer" and S&W Seed Company, a corporation organized and existing under the laws of Nevada, with its principal place of business at 25552 South Butte
Avenue, Five Points, California 93624, hereinafter referred to as "Contractor".

 WITNESSETH THAT:

WHEREAS, Contractor has field production capacities and seed conditioning and warehousing facilities acquired under that certain Asset Purchase and Sale
Agreement, dated as of December 19, 2014 by and between Pioneer and Contractor (the "APSA"); 

WHEREAS, Pioneer may acquire additional varieties of alfalfa seed following the date hereof, as provided herein; 

WHEREAS, Pioneer and Contractor desire that Contractor perform Field Services, Conditioning Services, Bagging and Treating Services, quality control services,
Handling Services and stewardship services (together, the "Production Services") relative to Pioneer's Alfalfa Varieties and any Purchased Units,
and subject to the terms and conditions herein set forth; and

WHEREAS, capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the APSA.

NOW THEREFORE, in consideration of the premises and of the mutual covenants herein contained, it is hereby agreed as follows:

1.    Definitions. 

For purposes of this Agreement, the following terms shall have the meanings specified here: 

	"2015 Contracted Amount" - is defined in Section 2(B)(i).

	"2016 Contracted Amount" - is defined in Section 2(B)(ii).

	"2017 Contracted Amount" - is defined in Section 2(B)(iii).

	"Agreement" - is defined in the preamble.

	"Affiliate" - means, with respect to any Person, (a) any other Person directly or indirectly controlling, controlled by or under common
control with such first Person, (b) any officer, director, general partner, member or trustee of such Person or (c) any Person who is an officer, director, general partner, member or trustee of
any Person described in clause (a) or (b) of this sentence.  For purposes of this definition, the terms "control," "controlling," "controlled by" or "under
common control with" shall mean the possession, direct or indirect, of the power to control the management of a Person, whether through the ownership of voting securities, by contract
or otherwise.  For the avoidance of doubt, an entity shall not be deemed an Affiliate of a Person if the Person does not control such entity, irrespective of whether the Person owns fifty
percent (50%) or more of such entity's shares of capital stock, limited liability company interests or other equity interests.

	"Alfalfa Varieties" shall mean the varieties set forth on Exhibit A, as the same may be amended, modified or supplemented
according to Section 24.

	"APSA" - is defined in the recitals.

	"Bagging and Treating Services" - means packaging in bags or ProBoxes, tagging, labeling, treating with fungicide and inoculants and
palletizing and plastic wrapping Alfalfa Varieties and any Purchased Units.

	"Calendar Year Purchase Price" - is defined in Section 9(A)(iii).

	"Change of Control" - is defined in Section 15(C).

	"Claims" - is defined in Section 20(A).

	"Conditioning Services" - means cleaning, sampling, handling and testing Alfalfa Varieties.

	"Confidential Information" - is defined in Section 14(A).

	"Contracted Amount" - is defined in Section 2(B).

	"Contractor Agreements" - is defined in Section 20(C).

	"Contractor" - is defined in the preamble.

	"CPR" - is defined in Section 16(B).

	"CY-1" - means, for any given calendar year, the twelve-month period beginning on January 1 and ending on December 31 of the
calendar year immediately preceding such calendar year.  By way of example, in 2019, CY-1 shall be the calendar year 2018.

                                                                - 2 -

	"Delivery Point" - is defined in Section 5(B).

	"Distribution Agreement" - means the Alfalfa Distribution Agreement by and between Pioneer and Contractor dated of even date
herewith.

	"Field Services" - means all aspects of Alfalfa Variety production, including, but not limited to, (i) locating and contracting for fields that
meet appropriate Pioneer standards, (ii) providing field supervision of growers, (iii) providing and accounting for all Parent Alfalfa Varieties, (iv) supervising all planting, including replanting, (v)
monitoring the growing alfalfa, (vi) applying all appropriate pesticides herbicides, fungicides, fertilizer, and (vii) properly managing the harvesting of Alfalfa Varieties, and (viii) inspecting the
growers' planting and harvesting equipment to insure the equipment is clean and in good operating condition before utilization in growing, harvesting and handling Alfalfa Varieties.

	"Force Majeure" - is defined in Section 19.

	"Grower Contracts" - is defined in Section 12(A).

	"Grower Obligations" - is defined in Section 12(A).

	"Governmental Body" - means any federal, state, local, municipal, foreign, tribal or other governmental body entitled to exercise any
administrative, executive, judicial, legislative, police, regulatory or taxing authority.  

	"Handling Services" - means Alfalfa Variety loading, unloading, inventory and tracking documentation, administration, lot tracking, insurance
and storage.

	"Improvements" - means any invention or discovery (patentable or not) which is developed, conceived or reduced to practice during the term
of this Agreement solely in connection with Contractor's performance of its obligations under this Agreement.  For the avoidance of doubt, Improvements shall not include any invention or
discover that is developed, conceived or reduced to practice by Contractor outside of Contractor's performance of its obligations under this Agreement and without the use of any Confidential
Information disclosed by Pioneer, its Affiliates or their representatives, in all events, solely to the extent such inventions or discoveries are not developed, conceived or reduced to practice as
a result of any breach by Researcher of this Agreement. 

	"Initial Demand Plan" - is defined in Section 2(B)(ii).

	"IT Transition Services Agreement" - means the Information Technology Transition Services Agreement by and between Pioneer and
Contractor dated of even date herewith.

                                                                - 3 -

	"Legal Requirement" - means any applicable law, statute, treaty, directive, rule, code, ordinance, regulation, order, enforcement
action, decree or enforceable judicial or administrative interpretation thereof of any applicable Governmental Body.

	"Liabilities" - means any liabilities, obligations, warranty, expenses, claims, Taxes or assessments, losses, fines, penalties, surcharges or
damages (including, without limitation, diminution of value) of or by any Person.  

	"New Grower Contracts" - is defined in Section 12(B).

	"Parent Alfalfa Varieties" - means the proprietary male and female alfalfa varieties owned and supplied by Pioneer that are used to
produce the Alfalfa Varieties under this Agreement.

	"Person" - means any individual, corporation, general or limited partnership, limited liability company, joint venture, estate, trust,
association, organization, labor union or other entity or governmental body.  

	"Pioneer" - is defined in the preamble.

	"Production Services" - is defined in the recitals.

	"Protest Notice" - is defined in Section 9(A)(ii).

	"Purchased Units" - means the number of Units of varieties of alfalfa seed, up to fifteen thousand (15,000) Units,
purchased by Pioneer on or after the date of this Agreement and on or prior to April 14, 2015 and that have been delivered by or on behalf of Pioneer to Contractor's Nampa, Idaho
facility.

	"Research Agreement" - means the Research Agreement by and between Pioneer and Contractor dated of even date herewith.

	"Revised Demand Plan" - is defined in Section 2(B)(ii).

	"[**]1 Trait" - means [**]2 proprietary first generation [**]3 trait that includes the event [**]4.

_________________________

1 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

2 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

3 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

4 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 4 -

	"Specifications" - means the quality standards and specifications set forth on Exhibit D, as the same may be amended,
modified or supplemented according to Section 24.

	"Stewardship Policies" - means (i) certain Pioneer stewardship policies, copies of which are attached hereto as Exhibit E, as
the same may be amended, modified or supplemented according to Section 24, and (ii) stewardship policies provided to Contractor by [**]5 or [**]6 in connection with any Contractor
Agreement.

	"Taxes" - is defined in Section 9(C).

	"Unit" - means each fifty (50) pound bag or equivalent if in bulk or smaller packages.

2.    Production Arrangement

	Contractor shall use commercially reasonable efforts to perform the Production Services specified in this Agreement to produce the Contracted Amounts set forth
in Section 2(B); provided, however, that with respect to the 2015 Contracted Amounts, Contractor shall only perform Bagging and Treating Services, quality control services,
Handling Services and stewardship services in accordance with the terms of this Agreement.

	Contracted Amount.  The number of Units of Alfalfa Varieties (and any Purchased Units) to be produced each calendar year by Contractor pursuant to
this Agreement or with respect to which Production Services will be provided by Contractor pursuant to this Agreement (for each calendar year, the "Contracted
Amount") shall be as set forth in this Section 2(B).

	For calendar year 2015, the Contracted Amount (the "2015 Contracted Amount") shall equal (i) the number of Units of Alfalfa Varieties
that have been harvested by Pioneer and are located at Contractor's Nampa, Idaho facility, and (ii) the Purchased Units.

	For calendar year 2016, the Contracted Amount (the "2016 Contracted Amount") shall equal the number of Units of Alfalfa Varieties
meeting the Specifications and produced from the acres specified in Exhibit F. 

	For calendar year 2017, the Contracted Amount shall equal the number of Units of Alfalfa Varieties meeting the Specifications and produced from the acres
specified in the Initial Demand Plan, or Revised Demand Plan, if applicable (the "2017 Contracted Amount").  On or before June 30, 2015, Pioneer shall provide
Contractor, in writing, with a demand plan (hereinafter

_________________________

5 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

6 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 5 -

referred to as the "Initial Demand Plan") specifying the number of Alfalfa Variety acres from which Pioneer
requires production, specified by variety, for calendar year 2017.  With respect to the Initial Demand Plan, Pioneer may, in its sole discretion, by February 1, 2016, provide a revised demand
plan (hereinafter referred to as the "Revised Demand Plan") to increase the number of Alfalfa Variety acres from which Pioneer requires production for calendar
year 2017; provided, however, that any increase in required production shall not exceed twenty percent (20%) for any single variety as specified in the Initial Demand Plan.
If (i) Pioneer shall have delivered an Initial Demand Plan or a Revised Demand Plan for Pioneer Products to be purchased for Sales Year 2017 (as such terms are defined in the Distribution
Agreement), specifying an aggregate amount equal to less than 130,000 Units of Pioneer Products and (ii) Contractor shall have all rights required to produce and offer for sale to Pioneer
alfalfa seed varieties containing [**]7, then the Initial Demand Plan delivered pursuant to this Agreement, as revised by a Revised Demand Plan delivered pursuant to this Agreement, shall
specify at least that number of acres that is equal to (x) 9,285 minus (y) (1) the number of Units of Pioneer Products specified in the Initial Demand Plan or Revised Demand Plan
delivered pursuant to the Distribution Agreement (as applicable) divided by (2) 14.

	Exclusive Arrangement.  Pioneer hereby appoints, and causes its Affiliates to appoint, Contractor as Pioneer's and its Affiliates' exclusive provider of
Production Services for the Alfalfa Varieties during the term of this Agreement (unless earlier terminated in accordance with Section 15 hereof). 

	During the term of this Agreement, Contractor will (i) use its commercially reasonable efforts to (a) enter into any and all amendments to that certain [**]8 Alfalfa
Seed Production Agreement by and among Contractor and the other parties thereto, as shall be necessary to permit Contractor to perform Production Services for Pioneer and its Affiliates
under the terms of this Agreement and (b) obtain and maintain, and perform its obligations in accordance with, all Contractor Agreements, and (ii) until such time as Contractor shall have
executed the amendment described in Section 2(D)(i)(a) above (and one or both of the third parties that are a party to such amendment shall have confirmed the same in writing to
Pioneer), Contractor shall, in addition to any and all terms and conditions set forth herein (including, without limitation, compliance with Stewardship Policies and Section 10 hereof),
perform all Production Services for the Alfalfa Varieties in accordance with the terms and subject to the conditions set forth in Exhibit K attached hereto (with respect to which,
Contractor shall be deemed to be the "Licensee").

_________________________

7 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

8 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 6 -

	Subject to the terms of this Agreement and the IT Transition Services Agreement, on and after the date of this Agreement, Contractor, at its sole cost and
expense, shall, and shall cause its applicable Affiliates to, use commercially reasonable efforts to obtain all information technology systems and support (whether hardware, software or
otherwise) reasonably required by Contractor to perform its obligations under this Agreement upon the expiration or earlier termination of the applicable Services (as the term Services is
defined in the IT Transition Services Agreement), which systems and support include, without limitation, any reasonably required systems and support provided by Pioneer pursuant to the IT
Transition Services Agreement.  On and after the date of this Agreement until April 1, 2015, Pioneer shall cooperate with Contractor in Contractor's efforts to obtain such systems and
support; provided, however, that in no event shall Contractor be entitled to extend any Service Term (as such term is defined in the IT Transition Services Agreement)
without the prior written consent of Pioneer, which consent may be withheld by Pioneer for any or no reason in its sole and absolute discretion.

3.    Field Services. 

	For each applicable calendar year during the term of the Agreement, Contractor shall be obligated to use commercially reasonable efforts to secure sufficient
contracted planting acres to meet the requirements specified in the Initial Demand Plan and/or the Revised Demand Plan, as applicable.  In the event that, for calendar year 2017, Contractor
shall not have planted (or caused to be planted) such acres, Contractor shall pay to Pioneer an amount equal to (i) the number of the acres short of the number of acres specified in the Initial
Demand Plan, and/or the Revised Demand Plan, as applicable, multiplied by (ii) [**]9, which amounts shall be payable within thirty (30) days following delivery of an invoice therefor;
provided, however, that for purposes of calculating the number of acres short of the number of acres specified in the Revised Demand Plan, Contractor shall only be
required to pay such amounts in respect of the number of acres that is up to twenty percent (20%) of the acres specified in the Initial Demand Plan. Except as set forth in Section
5(C), the foregoing payment will be Pioneer's exclusive remedy and Contractor's sole liability for any breach of this Section 3(A) and no breach of this Section 3(A) will
constitute grounds for termination of this Agreement by Pioneer pursuant to Section 15B(i); provided, however, that (i) if Contractor shall fail to timely pay any amounts payable
pursuant to this Section 3(A) or (ii) if Contractor shall be required to make payments pursuant to this Section 3(A) in three consecutive calendar years, then breach of this
Section 3(A) will constitute grounds for termination of this Agreement by Pioneer pursuant to Section 15B(i).

	Each year during the term of this Agreement, Contractor shall complete the planting of production fields in time periods consistent with standard practices for
alfalfa production in the applicable growing area.  Any intended planting during time periods

_________________________

9 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 7 -

outside of those consistent with standard practices, including planting in replanted acres, shall first be approved in writing by Pioneer.

	All costs associated with the planting, including grower compensation of any form, replant costs, monitoring, fertilizing, spraying, weed control, diseases, insect
control, irrigation, insurance, harvesting and transportation shall be borne entirely by Contractor.  Contractor shall account for all Parent Alfalfa Varieties provided by Pioneer and shall require
all growers to return to Contractor any unused Parent Alfalfa Varieties.  Contractor shall return all unused Parent Alfalfa Varieties to Pioneer no later than fifteen (15) days after completing the
applicable planting.  

	Contractor's selection and use of growers shall be subject to Pioneer's prior written consent, which consent shall not be unreasonably withheld,
conditioned or delayed.  Contractor shall, and shall cause all growers to, follow all field production standards contained in (x) the Stewardship Policies or (y) in any other quality standards or
policies provided to Contractor by Pioneer from time to time (other than the Stewardship Policies) provided that with respect to the quality standards and policies referenced in (y) above,
Contractor shall, and shall cause all growers to, follow such standards from and after the date of delivery thereof.  Without limitation to the foregoing, and in addition to the terms and
conditions set forth herein, until such time as Contractor shall have executed the amendment described in Section 2(D)(i)(a) above (and one or both of the third parties that are a
party to such amendment shall have confirmed the same in writing to Pioneer), Contractor shall, and shall cause all growers to, perform their respective obligations under this Agreement in
accordance with the terms, and subject to the conditions, set forth in Exhibit K (with respect to which, Contractor shall be deemed to be the "Licensee").

	Any fields planted with seeds containing the [**]10 Trait shall be inspected by a trained qualified inspector during the growing season and any multiplication contracts
with growers shall meet all required quality assurance guidelines provided by Pioneer or by or on behalf of [**]11 or [**]12. Upon reasonable notice, Contractor shall allow Pioneer full access to all
production fields containing the Parent Alfalfa Varieties and Alfalfa Varieties production areas for the purpose of verifying compliance with the terms of this Agreement.  Upon request,
Contractor shall provided Pioneer with maps of field locations, acres per field reports showing planting dates and rates of Parent Alfalfa Varieties used. Contractor shall record all field visits
observations in written form and, upon request, shall provide Pioneer with such field inspection reports.  On or before each July 15, August 15, September 15, and October 15, Contractor
shall provide Pioneer with its best estimate of the expected Alfalfa Variety production from each field.  In the event that a field has been identified as to having quality concerns, all

_________________________

10 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

11 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

12 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 8 -

such production shall be separated and stored separately until such time as a determination is made by Pioneer as to the quality.  Each grower production contracts shall specifically provide that
such grower has no rights to the Alfalfa Varieties, or any plant or part thereof.  To the extent requested by Pioneer, Contractor shall gather and retain all pesticide records and make such
records available to Pioneer upon request. If requested by Pioneer, Contractor will apply for OECO certification and/or phytosanitary inspection.

4.    Conditioning, Bagging and Treating Services.

Contractor shall provide Conditioning Services of the Contracted Amounts (other than the 2015 Contracted Amount) to meet the Specifications and shall provide the
Bagging and Treating Services as may be requested by Pioneer with the final Alfalfa Varieties and any Purchased Units to be delivered in Unit sizes or such other bulk containers as specified
by Pioneer.  On or before June 30 in each CY-1, Pioneer shall provide a conditioning request to Contractor that provides its then-current request for the applicable Contracted Amount by
variety in substantially the form set forth on Exhibit G. Pioneer shall have the right to amend such request thereafter to the extent that such Alfalfa Varieties have not yet been
conditioned in the manner as originally set forth in any previous conditioning request.  By way of example, Pioneer may request changing a previous request for bulk untreated or treated seed
to fully conditioned, treated and bagged units, but may not request a change from fully conditioned, treated or untreated, bagged units to bulk conditioned units without an agreement in writing
between the parties.  As another example, Pioneer may request to change bulk untreated to bulk treated.  Pioneer will furnish Contractor with bags, and tags as reasonably required by
Contractor to perform such services at no charge.  Fungicide and inoculants seed treatment will be applied by Contractor as specified by Pioneer in Exhibit D.  Contractor shall
provide a full accounting, by lot and batch, of the amount of bags and tags used by Contractor, the number of Units Conditioned, Bagged and Treated and an identification of which products
and rates were used, together with the seed treatment testing results.  Contractor agrees that it will utilize the tagging equipment specified by Pioneer during the term of this Agreement for all
Contracted Amounts.  Pioneer shall instruct Contractor as to the required text for certification tags and labeling.  Prior to and after performing Conditioning Services, Contractor shall
thoroughly clean all equipment and facilities in its control used in the planting, harvesting and Conditioning Services of the Alfalfa Varieties.

5.    Handling, Re-Bagging and Return Administration Services.  

	Contractor agrees to provide, at its own expense, storage space and management for the Alfalfa Varieties and any Purchased Units.  At all times during
storage of the Alfalfa Varieties and any Purchased Units at any Contractor facility, Contractor agrees to provide insurance coverage, at its expense, insuring the risk of loss of Alfalfa Varieties
and any Purchased Units in an amount equal to the costs to Pioneer for the services provided by Contractor under this Agreement for the Contracted Amount for the applicable calendar year,
and to provide proof of such insurance to Pioneer upon request.  Contractor will exercise due care for the safety, security and preservation of

                                                                - 9 -

the Parent Alfalfa Varieties, Alfalfa Varieties, and
any Purchased Units while the same are stored under this agreement, including due care for insect and rodent control, and with respect to preventing unauthorized access.  Contractor shall
not re-treat or re-bag any Parent Alfalfa Varieties provided to Contractor by Pioneer, unless directed by Pioneer. Contractor shall use reasonable efforts to avoid physical mixture of different
products under its control or within its facilities during all aspects of Field Services, Conditioning Services, Bagging and Treating Services, and Handling Services.  This effort shall include, but
is not limited to, strict adherence to isolation standards, cleaning protocols of equipment, bins and trucks and adherence to operating procedures designed to avoid opportunity for mixes to
occur.  Contractor shall also provide all services necessary for storage of returned and never left plant Alfalfa Varieties and any Purchased Units, including but not limited to, providing
sufficient space available for adequate storage of all carryover or unsold Alfalfa Varieties and any Purchased Units in accordance with Pioneer storage protocols.  

	On or before October 1 in each CY-1 (other than CY-1 for calendar year 2015), Pioneer shall deliver a written delivery plan for the Contracted Amounts of Alfalfa
Varieties for the applicable calendar year, which such delivery plan shall specify the applicable delivery point (hereinafter referred to as the "Delivery Point");
provided, however, that (i) on or before January 31 in such calendar year, Pioneer shall be permitted to update such written delivery plan, and (ii) on no less than fifteen (15)
days prior written notice given prior to the delivery of the applicable Contracted Amounts of Alfalfa Varieties, Pioneer shall be permitted to modify the applicable Delivery Point for such
Contracted Amounts.  The delivery plan for the 2015 Contracted Amount is set forth on Exhibit H. To the extent that the Delivery Point is not in Nampa, Idaho, Pioneer will reimburse
Contractor for the costs of shipping and transportation incurred by Contractor within thirty (30) days following delivery of an invoice therefor (which invoice shall include reasonable supporting
documentation).  Contractor shall use its commercially reasonable efforts to deliver the Contracted Amounts in accordance with such written delivery plan to the specified Delivery Point;
provided, however, that, except with respect to any Purchased Units, Pioneer shall not request delivery of, and Contractor shall not deliver, the Contracted Amounts for the
applicable calendar year before November 1 in such CY-1 nor later than February 15 of such calendar year.  All Contracted Amounts purchased hereunder shall be delivered DDP Delivery
Point (Incoterms 2010).  Title and risk of loss of the Contracted Amounts purchased hereunder shall pass from Contractor to Pioneer simultaneously with delivery thereof.  

	Alfalfa Varieties and any Purchased Units that do not meet the Specifications shall not be used in any form or fashion offered for sale or distribution to any Person
(including for any research purposes), and, at Pioneer's request, shall be discarded in a reasonable manner by Contractor at Contractor's expense.  In the event that Units of Alfalfa Varieties
or any Purchased Units delivered to Pioneer do not meet the Specifications, Pioneer shall notify Contractor and, for the avoidance of doubt, such Units shall not be included in the Contracted
Amount for such calendar year.  Any

                                                                - 10 -

claim that Units of Alfalfa Varieties or any Purchased Units delivered to Pioneer do not meet the Specifications must be made within sixty (60) days after
delivery thereof; provided, however, that as to a failure to meet Specifications that is not reasonably discoverable by visual inspection within such sixty (60) day period, any
claim based thereon shall be deemed to be waived unless made no later than fifteen (15) days after Pioneer learns that such Units do not meet the Specifications.  For the avoidance of
doubt, a failure to meet Specifications that is not reasonably discoverable without opening any bag, ProBox or other container shall not be deemed to be reasonably discoverable by visual
inspection. 

6.    Alfalfa Varieties Quality Testing. 

Contractor shall as part of the services provided in accordance this Agreement and with procedures approved by Pioneer, (i) retain, at its own expense, representative
samples of the Alfalfa Varieties produced hereunder (and any of the 2015 Contracted Amounts) for at least one (1) year, and (ii) furnish to Pioneer Alfalfa Varieties samples (and samples of
any Purchased Units) for the purpose of quality testing requirements.  Pioneer shall bear all other costs of such testing, including shipping the sample to a testing laboratory, if Pioneer so
chooses to use a third party.  If Contractor disputes the quality testing results obtained by or for Pioneer, then Contractor, at its own expense, may send a sample to a Pioneer-approved
external quality lab to determine final quality. Contractor shall also provide Pioneer reasonable access during normal business hours to Contractor facilities for the purpose of inspection,
audits or sampling of Alfalfa Varieties or any Purchased Units.

7.    Alfalfa Varieties Treatment Monitoring 

Contractor shall use commercially reasonable efforts to ensure that all Alfalfa Varieties and any Purchased Units treatment application rates are one hundred
percent (100%) of the application rates as set forth on Exhibit D, unless otherwise directed by Pioneer.  Contractor shall provide Pioneer with reports of Alfalfa Varieties and any
Purchased Units treatment usage and application verification tests and/or calculations at the end of each variety run.

8.    Regulatory Management.

Pioneer and Contractor shall, at their own costs, obtain all regulatory approvals necessary for the performance of their respective obligations under this
Agreement.

9.    Payment.

	During the term of this Agreement, payment for the Contracted Amounts produced or with respect to which Contractor provides services under this
Agreement shall be paid as follows, in each case at the applicable per Unit rates set forth on Exhibit I:

	On or before January 5, 2015, Pioneer shall pay to Contractor, with respect to calendar year 2015, two-thirds (2/3) of the total price for the 2015 Contracted

                                                                - 11 -

Amount (exclusive of the Purchased Units).  On or before November 15, CY-1, Pioneer shall pay to Contractor (a) with respect to the calendar year 2016, one third (1/3) of the total purchase
price for the 2016 Contracted Amount; and (b) with respect to the calendar year 2017, one third (1/3) of the total purchase price for the 2017 Contracted Amount.

	On or before January 15, calendar year, Pioneer shall pay to Contractor (a) with respect to the 2016 calendar year, one third (1/3) of the total purchase price for
the 2016 Contracted Amount, and (b) with respect to the 2017 calendar year, one third (1/3) of the total purchase price for the 2017 Contracted Amount.

	On or before April 15, calendar year, Pioneer shall pay to Contractor an amount that is equal to the purchase price for the Contracted Amounts delivered for the
applicable calendar year in accordance with Section 5(B) above (such amount hereinafter referred to as the "Calendar Year Purchase Price"), less (a) the
Research Payment for the Research Year ending in such applicable calendar year (as such Research Payment and Research Year terms are defined in the Research Agreement) and (b) an
amount equal to payments made pursuant to Section 9(B)(i) and/or Section 9(B)(ii) above; provided, however, that if in any calendar year the Research
Payment for the Research Year ending in such calendar year plus the amount paid by Pioneer pursuant to Section 9(B)(i) and/or Section 9(B)(ii) is greater than the
Calendar Year Purchase Price, then Contractor shall pay to Pioneer an amount equal to such difference not later than April 15, calendar year.  

	Each of Contractor and Pioneer shall be responsible for (and remit as prescribed by the laws of any duly constituted taxing authority with jurisdiction) any sales,
use, value added, goods and services, transfer or similar taxes, or any surcharges or escheat requirements, (collectively, the "Taxes") imposed upon such party or
its Affiliates by the laws of such jurisdiction in effect at the services described herein are provided.  For jurisdictions where the Taxes are imposed by statute upon Contractor, without statutory
provision for recovery from Pioneer, Contractor shall bear the Taxes in full and without reimbursement.  For jurisdictions where the Taxes are imposed by statute upon Pioneer, Contractor
shall separately itemize the Taxes on each invoice for which the Taxes are applicable.  In the alternative, Pioneer may timely provide Contractor with the required documentation to exempt
Pioneer from the Taxes or to evidence Pioneer's authority to remit the Taxes directly.

	Pioneer shall withhold Taxes from payments to Contractor to the extent that such Taxes are required by any duly constituted taxing authority and in no event
shall Pioneer be required to "gross up" or increase any payment to Contractor for such Taxes.  Pioneer shall not be responsible for (i) any taxes based upon the assets, capital,
equity, gross receipts, net income or taxable margin of Contractor, (ii) any penalties or interest resulting from Contractor's failure to timely pay any Taxes attributable to

                                                                - 12 -

Contractor or, if such
Taxes are imposed by applicable law upon Pioneer and remitted through Contractor, to timely notify Pioneer of such Taxes, (iii) the employer's share of any employment related taxes of any
sort (including federal, state and provincial social security taxes and federal, state and provincial unemployment taxes for all employees engaged by Contractor, or (iv) any other taxes or
charges applicable to Contractor's actions, facilities, employees and materials used in providing the services.

10.    Proprietary Information and Technology; Books and Records; Audits

The Parties acknowledge that any genetic, germplasm, production information and other intellectual property provided by Pioneer or its representatives to Contractor
or its representatives is of a secret and confidential nature and that said information is to be furnished in the expectation and on the understanding, expressly acknowledged by Contractor,
that it will maintain the information in strict confidence and not disclose any part of such information to unrelated third parties or otherwise use such information without the express prior
written consent of Pioneer.  Contractor shall take whatever reasonable steps are necessary to identify and control the information supplied or communicated by Pioneer.  Except as set forth in
this Section 10, Pioneer and Contractor will jointly own all Improvements and each shall have a fully-paid up, world-wide right, including the right to sublicense, all Improvements.
Notwithstanding anything herein to the contrary, Contractor hereby assigns and agrees to assign, transfer and set over unto Pioneer, Contractor's entire right and interest in and to any
Improvements, including any related intellectual property rights, with respect to which Pioneer or its Affiliates is required to assign or transfer to [**]13 and/or [**]14 pursuant to the terms of any
agreement by and among Pioneer and its Affiliates, on the one hand, and [**]15 and/or [**]16 or their respective Affiliates, on the other hand.  

Contractor shall maintain, and shall cause each of its Affiliates and permitted subcontractors and sublicensees to maintain, complete and accurate records relating to
the rights and obligations under this Agreement, which records shall contain sufficient information to permit Pioneer, [**]17 and [**]18, together with their representatives (comprised of at least one
person certified as a public accountant in at least one jurisdiction in the United States, selected from a nationally recognized third party accountant firm by the auditing party and reasonably
acceptable to the party being audited) to confirm the accuracy of any reports, stewardship compliance, seed production efforts, seed quality levels, field trials, plantings, or any other

_________________________

13 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

14 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

15 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

16 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

17 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

18 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 13 -

activities contemplated herein and/or payments developed or pursued by Contractor, its Affiliates or permitted subcontractors in alfalfa pursuant to the terms of this Agreement.  Contractor shall retain
and make available, and shall cause each of its Affiliates and permitted subcontractors and sublicensees to retain and make available, such records for at least four (4) years following the
end of the calendar year to which they pertain, to such auditing party's representatives upon at least fifteen (15) days' advance written notice, for inspection during normal business hours, to
verify any reports and payments made under this Agreement.  Prior to any such inspection, such auditing party's representatives shall be required to sign a reasonable non-disclosure and
non-use agreement with the party being audited to protect the confidential information of the party being audited

11.    Ownership of Alfalfa Varieties.  

Delivery of Parent Alfalfa Varieties by Pioneer to Contractor to produce the Alfalfa Varieties under this Agreement and the creation by Contractor of the Alfalfa
Varieties is not a sale, and ownership of Parent Alfalfa Varieties, Alfalfa Varieties and any Purchased Units shall at all times remain in Pioneer or its parent or Affiliates until the Alfalfa
Varieties and any Purchased Units are ultimately sold by Pioneer or its parent or Affiliates.  Contractor will use its reasonable efforts to prevent all access to the Parent Alfalfa Varieties, Alfalfa
Varieties and any Purchased Units by Persons (other than Contractor's employees and agents) not authorized by Pioneer.  Contractor shall not permit or allow for any liens or Encumbrances
to be granted to, or placed on the Parent Alfalfa Varieties,  Alfalfa Varieties or any Purchased Units in favor of any third party.  Pioneer reserves the right to file U.C.C. Financing Statements
or such other documents and to take such actions in connection therewith (subject to the terms and conditions set forth herein) as may be necessary under applicable Legal Requirements to
preserve its interest in and assure its right to recover without lien or other encumbrance the Parent Alfalfa Varieties, Alfalfa Varieties and any Purchased Units in the care, custody, or control
of Contractor, its employees, agents or assigns.  Contractor, its employees, agents and assigns shall cooperate fully with Pioneer, including, but not limited to, signing any and all necessary
and appropriate filings or other documents, to preserve the interests of Pioneer in such Parent Alfalfa Varieties, Alfalfa Varieties and any Purchased Units.  All screenings/discard, ensilage
from Conditioning Services belong to Pioneer and, upon Pioneer's request, all ensilage and discard shall be disposed of by Contractor in a reasonable manner in the name of Pioneer, and
the proceeds of such disposal by Contractor shall, to the extent actually received by Contractor be forwarded to Pioneer, less the cost to Contractor of transportation expenses and
reasonable, normal and customary grain marketing expenses.  All foreign material shall be disposed of at Contractor's expense.

12.    Grower Contracts

	Pioneer shall assign to Contractor all of Pioneer's and its affiliates rights (the "Grower Contract Rights") under the grower
contracts set forth on Exhibit J (the "Grower Contracts"), but excluding, in all events, ownership of the seed grown pursuant to the Grower Contracts, and
Contractor shall assume all of Pioneer's and its Affiliates obligations and Liabilities (the "Grower Obligations") under the Grower Contracts,

                                                                - 14 -

including, without limitation, all amounts payable pursuant to the growers pursuant to such Grower Contracts (exclusive of amounts payable to growers for the 2015 Contracted Amount).  Without limiting the
foregoing, Pioneer and Contractor shall use their respective commercially reasonable efforts to (i) cooperate to obtain any Consents required for Pioneer to assign the Grower Contract Rights
and Contractor to assume the Grower Obligations, and (ii) promptly execute, deliver and file, after good faith discussions, any and all agreements, and other documents that shall be
reasonably necessary, under applicable Legal Requirements, for Pioneer to assign the Grower Contract Rights and Contractor to assume the Grower Obligations.       

	Each new grower contract entered into by Contractor in accordance with this Agreement (the "New Grower Contracts") shall specify
the name of the grower, and shall specify that any seed grown pursuant to the grower contract shall, at all times, be owned by Pioneer.

13.    No Assignment, Sale or Transfer.

Neither party may assign any of its rights or obligations under this Agreement, in whole or in part, without the prior written consent of the other party;
provided, however, that (i) no consent shall be required if this Agreement is assigned by Pioneer to an Affiliate or in connection with the sale, transfer or assignment of all or
substantially all of the party's business or assets and such Affiliate or purchaser, transferee or assignee shall have agreed, in a writing reasonably acceptable to Contractor, to be bound by
the terms of this Agreement and to assume Pioneer's obligations hereunder, and (ii) no consent shall be required if this Agreement is assigned by Contractor to an Affiliate that is
wholly-owned by Contractor if (a) such Affiliate shall have agreed, in a writing reasonably acceptable to Pioneer, to be bound by the terms of this Agreement and to assume Contractor's obligations
hereunder, (b) Contractor shall have executed and delivered to Pioneer a guaranty in substantially the same form as the Guaranty (as defined in the APSA), pursuant to which Contractor
shall guaranty all of the obligations of such wholly-owned Affiliate under this Agreement, and (c) [**]19 and [**]20 shall have given their prior written consent to such assignment and to the
continuation of the transactions contemplated by this Agreement in accordance with the terms herein, in form and substance acceptable to Pioneer.  Any attempted assignment in violation of
this Section 13 shall be void.  

14.    Confidentiality.  

	For purposes of this Agreement, "Confidential Information" means (i) this Agreement, and the Exhibits hereto, (ii) the
Stewardship Policies, and (iii) and any information disclosed by one party or its Affiliates or their representatives to the other party or its Affiliates or their representatives in connection with the transactions

_________________________

19 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

20 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 15 -

contemplated hereby and identified in writing as "confidential" or similar notation.  Except as otherwise permitted by this Agreement, a party shall not, and shall cause
its Affiliates and their respective employees, consultants, agents and attorneys not to, disclose the Confidential Information of the disclosing party or its Affiliates or their representatives to any
third party or use the Confidential Information except for purposes of this Agreement and the transactions contemplated hereby without the prior written permission of the disclosing party for a
period of five (5) years after the date of disclosure; provided, that the foregoing obligations of confidentiality and restricted use shall not extend to information that is: (i) already known at the
time of its receipt by the receiving party, as shown by its prior written records; (ii) properly in the public domain through no fault of the receiving party; (iii) disclosed to the receiving party by a
third party who may lawfully do so; or (iv) independently developed by or for the receiving party without use of the disclosing party's Confidential Information.

	Notwithstanding the foregoing, a receiving party may disclose Confidential Information of the
disclosing party required to be disclosed by applicable law or the rules or regulations of any U.S. or foreign securities exchange (if not subject to protection as confidential business
information or otherwise protected by statute or common law privilege against disclosure); provided, however, that prior to any such disclosure, the receiving party shall use commercially
reasonable efforts to (i) give the other party written notice of such requirement prior to any such disclosure and (ii) allow the other party reasonable time to take such steps as to limit such
disclosure.  The parties shall cooperate with one another in the good faith making or assertion of any available defense or privilege relating to the disclosure of the Confidential Information.

	Notwithstanding the foregoing, a receiving party may disclose Confidential Information to its Affiliates, and their respective officers, directors, employees,
consultants, agents and attorneys having a need to know for the purposes of consummating the transactions contemplated hereby and who are subject to a confidentiality agreement or
obligation covering such information.

	Notwithstanding anything to the contrary contained in this Section 14, each party agrees that it shall, and shall cause its Affiliates and their respective
officers, directors, employees, consultants, agents and attorneys to, (i) take reasonable measures to protect the secrecy, and avoid disclosure, except as expressly permitted by this
Section 14, and unauthorized use, of the Confidential Information of the other party and its Affiliates and (ii) with respect to the Confidential Information of the other party and its
Affiliates, take at least those measures that it takes to protect its own confidential information of a similar nature, but in no case less than reasonable care.  

15.    Termination.

	This Agreement shall be effective as of the date first written above and, unless terminated as set forth below in Section 15(B) or Section
15(C), shall continue until

                                                                - 16 -

the earlier of (i) the date on which the parties shall execute and close under the Second APSA (as such term is defined in the APSA) or (ii) December 31, 2017.  

	Notwithstanding the provisions of Section 15(A):

	Either party shall have the right to terminate this Agreement by giving sixty (60) days written notice to the other party in the event of any material breach of this
Agreement by the other party (which notice shall provide reasonable detail of such breach by the other party) and a failure to cure such breach within such sixty (60) day period; 

	Either party shall have the right to terminate this Agreement immediately by giving written notice to the other party if the other party shall be adjudicated a
bankrupt or make an arrangement for the benefit of creditors, or bankruptcy, insolvency, reorganization, arrangement, debt adjustment, receivership, liquidation or dissolution proceedings
shall be instituted by or against the other party and, if instituted adversely, the other party consents to the same or admits in writing the material allegations thereof or said proceedings shall
remain undismissed for ninety (90) days; 

	Pioneer shall have the right to terminate this Agreement, with respect to any Alfalfa Variety for which [**]21 and/or [**]22 have granted to Pioneer a license to sell or
distribute, immediately by giving written notice to Contractor if Pioneer loses (for any reason) the right to sell or distribute such Alfalfa Variety.  At Pioneer's request, remaining Units of such
Alfalfa Variety in Contractors control shall be discarded in a reasonable manner by Contractor at Contractor's expense; 

	Either party shall have the right to terminate this Agreement by giving thirty (30) days written notice to the other party in the event of the termination of the
Research Agreement; and

	Pioneer shall have the right to terminate this Agreement immediately upon delivery of written notice to Contractor if (a) Contractor breaches one or more of the
Contractor Agreements, (b) Contractor ceases to be compliant with any of the Stewardship Policies, (c) prior to such time as Contractor shall have executed the amendment described in
Section 2(D)(i)(a) above (and one or both of the third parties that are a party to such amendment shall have confirmed the same in writing to Pioneer), Contractor, its affiliates or any grower
fails to perform their respective obligations under this Agreement in accordance with the terms, and subject to the conditions, set forth in Exhibit K,

_________________________

21 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

22 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 17 -

or (d) Contractor, or its Affiliates or permitted subcontractors or sublicensees breaches or fails to comply with the obligations set forth in the second (2nd) paragraph of Section
10, or in the event that Pioneer shall receive written notice from [**]23 or [**]24 stating that the events described in this Sections 15(B)(v)(a), 15(B)(v)(b), 15(B)(v)(c)
or 15(B)(v)(d) above shall have occurred. 

	Change of Control Termination.  Notwithstanding the provisions of Section 15(A), a party may terminate this Agreement in the event of any one or more
of the following (each, a "Change of Control"):

	a direct or indirect sale, exchange, or other transfer of more than fifty percent (50%) of the outstanding equity of the other party (whether by the issues or sale of
equity, merger, consolidation or otherwise); or

	if an encumberer takes possession of all or a substantial part of the business used in the business of the such other party's performance of its obligations
hereunder or if a distress or execution or any similar process is levied or enforced against such other party and remains unsatisfied for a period of sixty (60) calendar days.  

Each party that experiences a Change of Control shall provide written notice to the other party of such Change of Control.  A party terminating the Agreement pursuant
to this Section 15(C) shall deliver written notice of termination no later than ten (10) business days following such party's receipt of written notice of the applicable Change of Control;
provided, however, that if written notice of any Change of Control is not timely provided to the other party, such party may nevertheless deliver written notice of termination.

	Effect of Termination. Upon the expiration or earlier giving of any notice of termination of this Agreement, (i) Contractor shall immediately deliver all
remaining Parent Alfalfa Varieties, Alfalfa Varieties and any Purchased Units as directed by Pioneer and (ii) Contractor shall submit its final invoices for services provided hereunder within
thirty (30) days of the completion of such delivery.  Upon the expiration or earlier giving of any notice of termination of this Agreement, the parties shall cooperate to assign to Pioneer all New
Grower Contracts and any Grower Contracts (to the extent then in effect), and Pioneer shall assume the obligations and Liabilities arising thereunder to the extent relating to and arising
during time periods following assignment thereof, in all events solely to the extent relating to the Alfalfa Varieties; provided, however, that Contractor shall retain all New
Grower Contracts and any Grower Contracts (to the extent then in effect), including all obligations and

_________________________

23 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

24 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 18 -

Liabilities arising thereunder, in the event that parties shall execute and close under the
Second APSA (as such term is defined in the APSA); provided, further, that Pioneer shall have the right, but not the obligation, to accept the assignment of New Grower
Contracts and any Grower Contracts (to the extent then in effect), and any  obligations and Liabilities arising thereunder to the extent relating to and arising during time periods following
assignment thereof, in all events solely to the extent relating to the Alfalfa Varieties, in the event that (i) this Agreement is terminated by Pioneer pursuant to Section 15(B)(iii) (if the
loss of such rights to sell or distribute arise out of any breach of this Agreement or the Research Agreement by Contractor, its Affiliates or growers, as applicable), or (ii) this Agreement is
terminated by either Party pursuant to Section 15(B) or Section 15(C) and, at the time of such termination, Pioneer has lost the right to sell or distribute any Alfalfa Variety
for which [**]25 and/or [**]26 have granted to Pioneer a license to sell or distribute, which such loss of rights to sell or distribute arise out of any breach of this Agreement or the Research
Agreement by Contractor, its Affiliates or growers, as applicable.   Any unused packaging, labels, bags and tags remaining at the expiration or earlier termination of this Agreement
shall be returned to Pioneer.

	Survival: In addition to any accrued rights, the provisions under Sections 10, 11, 14, 15, 16, 17,
18, 20, 21, 22 and 23 (together with any other provisions of this Agreement necessary to give effect thereto) shall survive any expiration or termination of
this Agreement and shall remain in full force and effect thereafter.

	Upon written notice from either party delivered at any time on or after August 1, 2017 and on or prior to August 31, 2017, the parties shall enter into good faith
discussions, for up to ninety (90) days following the delivery of such written notice, regarding the continuation of the performance by Contractor of the Production Services for Pioneer on
mutually agreeable terms and conditions in the event that (i) the parties shall not have consummated the transactions contemplated by the Second APSA (as such term is defined in the
APSA) on or prior to December 29, 2017 and (ii) this Agreement shall expire in accordance with Section 15(A)(ii); provided, however, that, subject to the parties'
compliance with their respective obligations to engage in such good faith discussions, neither Party shall be obligated to agree to the continuation of Contractor's performance of the
Production Services; provided, further, that, during the course of any such discussions, no Party shall be required to disclose any information that is the subject of a non-use
or confidentiality obligation to any third party; provided, further, that, to the extent that the consent of any third party shall be required for one or both parties to enter into
such good faith discussions and such consent shall not have been provided in form and substance reasonably acceptable to both parties, the parties shall have no obligation to conduct such
good faith discussions.  This Section 15(F) shall be of no force or effect in the event of a termination of this Agreement.

_________________________

25 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

26 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 19 -

16.    Governing Law; Disputes.

	Any dispute between the parties arising out of or relating to this Agreement or the transactions contemplated hereby, or the interpretation, validity or effectiveness
of this Agreement, or any provision of this Agreement, in the event the parties fail to agree, shall, upon the written request of a party, be referred to designated senior management
representatives of the parties for resolution.  Such representatives shall promptly meet and, in good faith, attempt to resolve the controversy, claim or issues referred to them.

	If such representatives do not resolve the dispute within thirty (30) days after the dispute is referred to them, the dispute shall be settled by binding arbitration, in
accordance with the Center for Public Resources (hereinafter referred to as "CPR") Rules for Non-Administered Arbitration of Business Disputes.  For disputes in
which the amount in controversy is less than or equal to U.S. $1,000,000, the parties shall mutually select one (1) neutral arbitrator who shall be qualified by experience and training to
arbitrate commercial disputes.  If the parties cannot agree on an arbitrator or if the amount in controversy exceeds U.S. $1,000,000, such dispute shall be settled by three (3) arbitrators who
shall be qualified by experience and training to arbitrate commercial disputes, of whom each party involved in the arbitration shall appoint one, and the two appointees shall select the third,
subject to meeting the qualifications for selection.  If the parties have difficulty finding suitable arbitrators, the parties may seek assistance of CPR and its CPR Panels of Distinguished
Neutrals.  Judgment upon the award or other remedy rendered by the arbitrators may be entered by any court having jurisdiction thereof.  The place of arbitration shall be in Des Moines,
Iowa.  The arbitrators shall apply the substantive law of the State of Iowa, without regard to its conflicts of law principles, and their decision thereon shall be final and binding on the parties.
Discovery shall be allowed in any form agreed to by the parties, provided that if the parties cannot agree as to a form of discovery (i) all discovery shall be concluded within one hundred
twenty (120) days of service of the notice of arbitration, (ii) each party shall be limited to no more than ten (10) requests for the production of any single category of documents, and (iii) each
party shall be limited to two (2) depositions each with a maximum time limit that shall not exceed four (4) hours.  Each party shall be responsible for and shall pay for the costs and expenses
incurred by such party in connection with any such arbitration; provided, however, that all filing and arbitrators' fees shall be borne fifty percent (50%) by Pioneer and fifty percent (50%) by
Contractor.  Each party does hereby irrevocably consent to service of process by registered mail, return receipt requested with respect to any such arbitration in accordance with and at its
address set forth in Section 17 (as such address may be updated from time to time in accordance with the terms of Section 17).  Any arbitration contemplated by this
Section 16 shall be initiated by sending a demand for arbitration by registered mail, return receipt requested, to the applicable party in accordance with and at the address set forth in
Section 17 (as such address may be updated from time to time in accordance with the terms of Section 17) and such

                                                                - 20 -

demand letter shall state the amount of relief sought
by the party making the demand.  This Agreement shall not be governed by the U.N. Convention on Contracts for the International Sale of Goods.  

	All proceedings and any testimony, documents, communications and materials, whether written or oral, submitted to or generated by the parties to each other or
to the arbitration panel in connection with this Section 16 shall be deemed to be in furtherance of settlement negotiation and shall be privileged and confidential, and shielded from
production in other proceedings except as may be required by applicable law.

	This Agreement shall be governed by the substantive laws of the State of Iowa, without regard to its conflicts of laws principles, and, except as otherwise provided
herein, the State and Federal courts in the City of Des Moines, Iowa shall have exclusive jurisdiction over any proceeding seeking to enforce any provision of, or based upon any right arising
out of, this Agreement or the transactions contemplated hereby.  The parties hereto do hereby irrevocably (i) submit themselves to the personal jurisdiction of such courts, (ii) agree to service
of such courts' process upon them with respect to any such proceeding, (iii) waive any objection to venue laid therein and (iv) consent to service of process by registered mail, return receipt
requested in accordance with and at its address set forth in Section 17 (as such address may be updated from time to time in accordance with the terms of Section
17).

	The parties acknowledge and agree that the foregoing choice of law and forum provisions are the product of an arm's-length negotiation between the
parties.

	Notwithstanding the foregoing, either party to this Agreement may seek, in the State or Federal courts in the City of Des Moines, Iowa, interim or provisional
injunctive relief (or similar equitable relief) to maintain the status quo until such time as the designated senior management representatives of the parties resolve a dispute referred to them or
an arbitration award or other remedy is entered in connection with such dispute pursuant to this Section 16 and, by doing so, such party does not waive any right or remedy available
under this Agreement.

17.    Notices.

All notices, demands, requests, consents or other communications hereunder shall be in writing and shall be deemed sufficiently given if personally delivered, in
which case such notice shall be deemed received upon delivery, or sent by prepaid air courier of internationally recognized repute, in which case such notice shall be deemed received upon
receipt of confirmation of transmission of the telefax to the parties at the following address, or to such other address as may be designated by written notice given by either party to the other
party: 

                                                                - 21 -

If to Pioneer:

PIONEER HI-BRED INTERNATIONAL, INC.

                   Attention:  General Counsel

                   DuPont Pioneer

                   7250 N.W. 62nd Ave.

                   P.O. Box 1014

                   Johnston, IA  50131-1014

                   Fax: (515) 535-4844 

If to Contractor:

S&W SEED COMPANY

                   Attention: Chief Financial Officer

                   1974 N. Gateway Blvd., Suite 104

                   Fresno, CA 93727

                   Fax: (559) 255-5457

18.    Independent Contractor.

In performing this Agreement, Contractor is an independent contractor and is not the agent or representative of Pioneer for any purpose whatsoever.  Neither
Contractor nor Pioneer shall have any authority to contract in the name of the other party, or to create any liability on account of the other party, or to pledge the credit of the other party in any
way or for any purpose.  Neither party shall be responsible for any acts, defaults, liabilities or debts of the other party or any of its employees or representatives. 

19.    Force Majeure.

The failure or delay of either party to perform any obligation under this Agreement  by reason of acts of God, adverse weather conditions (either from the perspective
of agricultural production of seed or its shipment by sea/air), epidemics, acts of civil or military authority, civil disturbance, war, strikes or other labor disputes or disturbances, fire,
transportation contingencies, shortage of facilities, fuel, energy, labor or materials, or laws, regulations, acts or orders of any governmental agency or official thereof, other catastrophes, or
any other circumstance beyond its reasonable control ("Force Majeure") shall not be deemed to be a breach of this Agreement so long as the party so prevented
from complying with this Agreement shall have used its commercially reasonable efforts to avoid such Force Majeure or to ameliorate its effects, and shall continue to take all actions within its
power to comply as fully as possible with the terms of this Agreement. In the event of any such default or breach, performance of the obligations shall be deferred until the Force Majeure
ceases.

20.    Warranties

	Each party represents and warrants to the other party that (i) it has the requisite power and authority to execute and deliver this
Agreement and perform its obligations hereunder, and (ii) its execution, delivery and performance of this Agreement will not

                                                                - 22 -

result in a violation or breach of, or constitute (with or without due
notice or lapse of time or both) a default (or give rise to any right of termination, cancellation or acceleration) under, any of the terms, conditions or provisions of any license, contract,
agreement or other instrument or obligation to which it or any of its Affiliates is a party or by which it or any of its properties or assets may be bound.

	Pioneer represents and warrants that Contractors' performance of the Production Services, to the extent performed strictly in
accordance with the terms of this Agreement (including, without limitation, in accordance with all Stewardship Policies), as contemplated under this Agreement will not infringe any intellectual
property rights under any agreement to which Pioneer is a party.

	From and after such time as Contractor shall have executed the amendment described in Section 2(D)(i)(a) above (and one or both of the third parties that are a
party to such amendment shall have confirmed the same in writing to Pioneer), Contractor represents and warrants that it has, and will maintain in full force and effect for the remaining term
of this Agreement, one or more agreements (the "Contractor Agreements") with [**]27 and/or [**]28, pursuant to which Contractor may perform the Production Services
contemplated by this Agreement, and that all such Contractor Agreements are valid and binding upon and enforceable against the parties thereto and in full force and effect, without the right
of any party to terminate such Contract Agreements as a result of the transactions contemplated hereby without penalty, acceleration of maturity of any rights or obligations or other adverse
consequences therewith.  Contractor further represents and warrants that (i) as of  such time as Contractor shall execute the amendment described in Section 2(D)(i)(a) above (and one
or both of the third parties that are a party to such amendment shall have confirmed the same in writing to Pioneer), Contractor is not in material default under any such Contractor
Agreement, nor to Contractor's knowledge has any event or circumstance occurred that, without notice or lapse of time or both, would constitute any event of default by Contractor thereunder
and (ii) Contractor's performance of the Production Services as contemplated under this Agreement will not infringe any intellectual property rights under any agreement to which Contractor is
a party.

	EXCEPT AS PROVIDED IN THIS AGREEMENT, NEITHER PARTY MAKES AND EACH PARTY HEREBY SPECIFICALLY DISCLAIMS, ANY WARRANTIES,
CONDITIONS, CLAIMS OR REPRESENTATIONS, EXPRESS, IMPLIED, OR STATUTORY, WITH RESPECT TO THE SUBJECT MATTER HEREOF, INCLUDING, WITHOUT LIMITATION,
IMPLIED CONDITIONS OR WARRANTIES OF QUALITY, PERFORMANCE, NON-INFRINGEMENT, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE, NOR ARE
THERE ANY WARRANTIES CREATED BY COURSE OF DEALING, COURSE OF PERFORMANCE, OR TRADE USAGE.

_________________________

27 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

28 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 23 -

21.    Indemnification 

	Contractor will defend, indemnify, protect and hold harmless Pioneer, its Affiliates and their respective executives, officers, directors, stockholders,
representatives, employees, agents (including, without limitation Dealers), parent companies, and subsidiaries from and against any and all demands, actions, recalls, claims, obligations,
causes of action, complaints, lawsuits and legal or other similar proceedings ("Claims") and any judgments, penalties, fines, settlements, losses, liabilities,
damages and costs (including attorney's fees) resulting from any Claims to the extent Claims arise out of or are related (i) a breach by Contractor or its Affiliates of this Agreement (including,
without limitation, any failure by Contractor, its Affiliates or any grower to perform or comply with the Stewardship Policies or with, for as long as they remain applicable to Contractor under
Section 2(D)(ii) above, the terms and conditions set forth in Exhibit K), (ii) the failure to assume the Grower Obligations, or (iii) a breach by Contractor or its Affiliates of any
Contractor Agreement.

	Pioneer shall defend, indemnify, protect and hold harmless Contractor, its Affiliates and their respective executives, officers, directors, stockholders,
representatives, employees, agents, parent companies, and subsidiaries from and against any and all Claims and any judgments, penalties, fines, settlements, losses, liabilities, damages and
costs (including attorney's fees) resulting from any Claims to the extent such Claims arise out of or are related to a breach by Pioneer or its Affiliates of this Agreement.

	THE LIABILITY OF EACH PARTY UNDER THIS AGREEMENT SHALL BE LIMITED TO ACTUAL DAMAGES AND IN NO EVENT SHALL EITHER PARTY BE
LIABLE FOR ANY CONSEQUENTIAL, SPECIAL, INDIRECT, PUNITIVE OR EXEMPLARY DAMAGES, INCLUDING LOST PROFITS (OTHER THAN, FOR THE AVOIDANCE OF DOUBT,
LOST PROFITS THAT WOULD CONSTITUTE GENERAL, DIRECT DAMAGES), HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, EVEN IF SUCH PARTY HAS BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, OTHER THAN FOR SUCH DAMAGES OR LOST PROFITS ACTUALLY INCURRED BY SUCH PARTY PURSUANT TO A THIRD-PARTY
CLAIM. NEITHER PARTY SHALL BE LIABLE OR OBLIGATED WITH RESPECT TO ANY LOSS OR DAMAGES RESULTING FROM ANY CLAIMS,
DEMANDS OR ACTIONS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER LEGAL OR
EQUITABLE THEORY FOR ANY AMOUNTS IN EXCESS IN THE AGGREGATE AMOUNT OF THE AMOUNTS PAID BY OR TO IT HEREUNDER DURING THE TWELVE MONTH PERIOD PROCEEDING THE DATE SUCH CLAIM, DEMAND OR ACTION

                                                                - 24 -

ARISES (OR IN THE CASE OF CLAIMS, DEMANDS OR ACTIONS ARISING PRIOR TO THE FIRST ANNIVERSARY OF
THE EFFECTIVE DATE, DURING THE TWELVE MONTH PERIOD FOLLOWING THE EFFECTIVE DATE), PROVIDED THAT THE FOREGOING LIMITATION ON DAMAGES SHALL NOT
APPLY TO (I) LOSSES OR DAMAGES ACTUALLY INCURRED BY SUCH PARTY PURSUANT TO A THIRD-PARTY CLAIM (INCLUDING, WITHOUT LIMITATION, ANY CLAIM BY [**]29 OR
[**]30), (II) CLAIMS, DEMANDS OR ACTIONS ARISING OUT OF OR RELATING TO INFRINGEMENT OR ALLEGED INFRINGEMENT OF ANY INTELLECTUAL PROPERTY RIGHTS OF
ANY THIRD-PARTY, OR (III) LOSSES OR DAMAGES ARISING OUT OF OR RELATING TO A BREACH OF SECTION 2(C) OR SECTION 9.

22.    Severability.

If any provision hereof is found invalid or unenforceable pursuant to any executive, legislative, judicial or other decree or decision, the remainder of this Agreement
shall remain valid and enforceable according to its terms, unless either party deems the invalid or unenforceable provisions to be essential to this Agreement, in which case such party may
terminate this Agreement, effective immediately, upon written notice to the other party.

23.    Entire Agreement.

This writing (together with the APSA and the Transaction Documents, as such term is defined in the APSA) contains the entire agreement between the Parties
superseding any prior agreements dealing with the subject matter hereof.  No modification of this Agreement shall be effective unless it is in writing, signed by the parties.   

24.    Amendment of Exhibits.

	      Pioneer may supplement, amend or update Exhibit A at any time, with prior written notice to Contractor, to add varieties of alfalfa seed
developed under the Research Agreement, other than varieties containing the [**]31 trait.  Pioneer may supplement, amend or update Exhibit D at any time, with prior written notice to
Contractor; provided, however, that unless such changes or updates are (i) implemented pursuant to Section 24(B) below, (ii) required by [**]32 or [**]33 or (iii)
otherwise required under applicable Legal Requirements, then Pioneer shall reimburse Contractor for the

_________________________

29 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

30 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

31 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

32 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

33 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 25 -

incremental costs incurred by Contractor with respect to such changes or updates
promptly following the delivery of an invoice therefor, together with reasonable supporting documentation.  Pioneer may supplement, amend or update Exhibit E at any time, with
prior written notice to Contractor, provided, however, that unless such changes or updates are (i) implemented pursuant to Section 24(B) below, (ii) required by [**]34
or [**]35 or (iii) otherwise required under applicable Legal Requirements, then Pioneer shall reimburse Contractor for the incremental costs incurred by Contractor with respect to such changes
or updates promptly following the delivery of an invoice therefor, together with reasonable supporting documentation. 

	      In connection with, and concurrently with the determination of the Contracted Amount under Section 2 with respect to production of Alfalfa
Varieties in the next year, Pioneer and Contractor shall also agree in good faith on any amendments to Exhibit D (other than those amendments or updates described in Section
24(A) above) and Exhibit E (other than those amendments or updates described in Section 24(A) above) that shall apply to the next year's production of Alfalfa
Varieties.

25.    Counterparts

This Agreement may be executed in any number of counterparts (including via facsimile or portable document format (PDF)), each
of which shall be deemed an original, but all of which, when taken together, shall constitute one and the same instrument.  

[Signature Page Follows]

_________________________

34 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

35 Omitted and filed separately with the SEC pursuant to a confidential treatment request. 

                                                                - 26 -

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

	S&W Seed Company

   (Contractor)

 

	Pioneer Hi-Bred International

                   (Pioneer)

	By ___________________________

	By  ______________________________

	Name: 

	Name:   

	Title:  

	Title:

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