Document:

EX-4.3

 Exhibit 4.3 

BLINKX PLC 
 2007 U.S.
SHARE OPTION PLAN 
 ARTICLE ONE 

GENERAL PROVISIONS 
  

	 	I.	PURPOSE OF THE PLAN 

 This 2007 U.S. Share Option Plan is intended to promote the
interests of Blinkx plc, a company organized under the laws of England and Wales, by providing eligible persons in the Company’s employ or service in the United States of America (the “U.S.”) with the opportunity to acquire a
proprietary interest, or otherwise increase their proprietary interest, in the Company as an incentive for them to continue in such employ or service. 

Capitalized terms herein shall have the meanings assigned to such terms in the attached Appendix. 

 

	 	II.	ADMINISTRATION OF THE PLAN 

 A. The Plan shall be administered by the Board. However, any
or all administrative functions otherwise exercisable by the Board may be delegated to the Committee. Members of the Committee shall serve for such period of time as the Board may determine and shall be subject to removal by the Board at any time.
The Board may also at any time terminate the functions of the Committee and reassume all powers and authority previously delegated to the Committee. 

B. The Plan Administrator shall have full power and authority (subject to the provisions of the Plan) to establish such rules and regulations
as it may deem appropriate for proper administration of the Plan and to make such determinations under, and issue such interpretations of, the Plan and any outstanding options thereunder as it may deem necessary or advisable. Decisions of the Plan
Administrator shall be final and binding on all parties who have an interest in the Plan or any option or Shares issued thereunder. 
  

	 	III.	ELIGIBILITY 

 A. Only U.S. Employees shall be eligible to participate in the Plan. 

B. The Plan Administrator shall have full authority to grant options under the Plan and to determine, with respect to such grants, which
Employees are to receive the option grants, the time or times when those grants are to be made, the number of Shares to be covered by each such grant, the status of the granted option as either an Incentive Option or a
Non-Statutory Option, the time or times when each option is to become exercisable and the maximum term for which the option is to remain outstanding. 

 

	 	IV.	SHARES SUBJECT TO THE PLAN 

 A. Options shall not be granted under the Plan on any date
to the extent that the aggregate number of Shares which may be allocated under the Plan and any other employees’ share plan adopted by the Company shall not exceed such number as represents ten percent (10%) of the issued ordinary share capital
of the Company from time to time. For the avoidance of doubt, reference in this Section IV. A. to“allocation” shall mean, in the case of any share option plan, the placing of unissued shares under option and, in relation to other types of
employees’ share plan, shall mean the issue and allotment of Shares. The authorized share reserve shall be drawn from the Company’s authorized but unissued Shares. 

 B. In determining the above limits, no account shall be taken of any Shares where the right to
acquire such Shares was: 
  

	 	1.	release or lapsed without being exercised; 

  

	 	2.	allocated or granted at any time before the date that Shares in the Company are first admitted to trading on the Alternative Investment Market of London Stock Exchange plc; or 

 

	 	3.	granted under either the Blinkx plc Autonomy Employee Discretionary Share Option Plan 2007 or the Blinkx plc 2007 Autonomy Employee US Share Option Plan. 

C. If an Option is purported to be granted in excess of the limit in Section IV. A. above, the Option shall be deemed to the extent of the
excess never to have been granted. 
 D. Shares subject to outstanding options under the Plan shall (where lawful under English law) be
available for subsequent issuance under the Plan, the U.K. Plan or any other employees’ share plan adopted by the Company to the extent (i) those options expire or terminate for any reason prior to exercise in full or (ii) those
options are cancelled in accordance with the cancellation-regrant provisions of Article Two, Section IV. 
 E. Should any change be made to
the Shares by reason of any share split, share dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Shares as a class without the Company’s receipt of consideration, appropriate
adjustments shall be made to (i) the maximum number and/or class of securities issuable under the Plan and (ii) the number and/or class of securities and the exercise price per Share in effect under each outstanding option in order to prevent
the dilution or enlargement of benefits thereunder. The adjustments determined by the Plan Administrator shall be final, binding and conclusive. 

ARTICLE TWO  

OPTION GRANT PROGRAM 
  

	 	I.	OPTION TERMS 

 Each option shall be evidenced by one or more documents in the form
approved by the Plan Administrator; provided, however, that each such document shall comply with the terms specified below. Each document evidencing an Incentive Option shall, in addition, be subject to the provisions of the Plan applicable to such
options. 
 A. Exercise Price. 

1. The exercise price per Share shall be fixed by the Plan Administrator and shall not be less than the nominal value per Share. 

2. The exercise price shall become immediately due upon exercise of the option and shall, subject to the provisions of Section I of Article
Three and the documents evidencing the option, be payable in cash or check made payable to the Company. Should the Shares be admitted to the AIM market of the London Stock Exchange Plc at the time the option is exercised, then the exercise price may
also (where lawful under English law) be paid as follows: 
 (i) in Shares held for the requisite period necessary to avoid a
charge to the Company’s earnings for financial reporting purposes and valued at Fair Market Value on the Exercise Date, or 

  
 Page 2 

 (ii) through a special sale and remittance procedure pursuant to which the
Optionee shall concurrently provide irrevocable instructions, in a form satisfactory to the Company, (A) to a Company-designated brokerage firm to effect the immediate sale of the acquired Shares and remit to the Company, out of the sale
proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price payable for the acquired Shares plus all applicable U.S. Federal, state, local and foreign income and employment taxes required to be withheld by the
Company by reason of such exercise and (B) to the Company to deliver the certificates for the acquired Shares directly to such brokerage firm in order to complete the sale. 

Except to the extent such sale and remittance procedure is utilized, payment of the exercise price for the acquired Shares must be made on the
Exercise Date. 
 B. Exercise of Options. Each option shall be exercisable at such time or times, during such period
and for such number of Shares as shall be determined by the Plan Administrator and set forth in the documents evidencing the option grant. 

C. Term of Option. No option shall have a term in excess of ten (10) years measured from the option grant date.
However, an option may terminate prior to the expiration of such term pursuant to (i) Section I.D of this Article Two, (ii) Section III of this Article Two or (iii) in the event either of the following occur: 

1. The passing of an effective resolution or the making of an order of a court for the winding-up of
the Company; or 
 2. The expiration of the one (1)-month period from the date on which a company becomes the holding company of the
Company, within the meaning of section 736 of the Companies Act of 1985. 
 D. Effect of Termination of Service. 

1. The following provisions shall govern the exercise of any options held by the Optionee at the time of cessation of Service or death: 

(i) Should the Optionee cease to remain in Service for any reason other than death, Disability or Misconduct, then the Optionee
shall have a period of at least thirty (30) days following the date of such cessation of Service during which to exercise each outstanding option held by such Optionee. 

(ii) Should Optionee’s Service terminate by reason of Disability, then the Optionee shall have a period of at least six
(6) months following the date of such cessation of Service during which to exercise each outstanding option held by such Optionee. 

(iii) If the Optionee dies while holding an outstanding option, then the personal representative of his or her estate or the
person or persons to whom the option is transferred pursuant to the Optionee’s will or the laws of inheritance shall have at least a one (1)-year period following the date of the Optionee’s death to exercise such option. 

(iv) Under no circumstances, however, shall any such option be exercisable after the specified expiration of the option term.

 (v) During the applicable post-Service exercise period, the option may not be exercised in the aggregate for more than the
number of Shares for which the option is exercisable on the date of the Optionee’s cessation of Service. Upon the expiration of the applicable exercise period or (if earlier) upon the expiration of the option

  
 Page 3 

 
term, the option shall terminate and cease to be outstanding for any Shares for which the option has not been exercised. However, the option shall, immediately upon the Optionee’s cessation
of Service, terminate and cease to be outstanding with respect to any and all option shares for which the option is not otherwise at the time exercisable. 

(vi) Should Optionee’s Service be terminated for Misconduct, then all outstanding options held by the Optionee shall
terminate immediately and cease to remain outstanding. 
 2. The Plan Administrator shall have the discretion, exercisable either at the
time an option is granted or at any time while the option remains outstanding, to: 
 (i) extend the period of time for
which the option is to remain exercisable following Optionee’s cessation of Service or death from the limited period otherwise in effect for that option to such greater period of time as the Plan Administrator shall deem appropriate, but in no
event beyond the expiration of the option term, and/or 
 (ii) permit the option to be exercised, during the applicable
post-Service exercise period, not only with respect to the number of Shares for which such option is exercisable at the time of the Optionee’s cessation of Service but also with respect to one or more additional installments for which the
option would have become exercisable had the Optionee continued in Service. 
 E. Shareholder Rights. The holder of an
option shall have no shareholder rights with respect to the Shares subject to the option until such person shall have exercised the option, paid the exercise price and become the holder of record of the acquired Shares. 

F. Limited Transferability of Options. During the lifetime of the Optionee, the option shall be exercisable only by the
Optionee and shall not be assignable or transferable other than by will or by the laws of descent and distribution following the Optionee’s death. 

G. Withholding. The Company’s obligation to deliver Shares upon the exercise of any options granted under the Plan
shall be subject to the satisfaction of all applicable U.S. Federal, state, local, and foreign income and employment tax withholding requirements. 
  

	 	II.	INCENTIVE OPTIONS 

 The terms specified below shall be applicable to all Incentive
Options. Except as modified by the provisions of this Section II, all the provisions of the Plan shall be applicable to Incentive Options. Options which are specifically designated as Non-Statutory Options
shall not be subject to the terms of this Section II. 
 A. Eligibility. Incentive Options may only be granted to U.S.
Employees. 
 B. Exercise Price. The exercise price per Share shall not be less than one hundred percent (100%) of the
Fair Market Value per Share on the option grant date. 
 C. Dollar Limitation. The aggregate Fair Market Value of the
Shares (determined as of the respective date or dates of grant) for which one or more options granted to any Employee under the Plan (or any other option plan of the Company or any Parent or Subsidiary) may for the first time become exercisable as
Incentive Options during any one (1) calendar year shall not exceed the sum of One Hundred Thousand Dollars ($ 100, 000). To the extent the Employee holds two (2) or more such options which become exercisable for the first time in the same
calendar year, the foregoing limitation on the exercisability of such options as Incentive Options shall be applied on the basis of the order in which such options are granted. For purposes of this provisions, the One Hundred Thousand Dollar
limitation shall be determined with reference to the U.S.dollar/British Pound exchange rate in effect on the date the option is granted. 

  
 Page 4 

 D. 10% Shareholder. If any Employee to whom an Incentive Option is granted
is a 10% Shareholder, then the option term shall not exceed five (5) years measured from the option grant date. 
  

	 	III.	CHANGE IN CONTROL 

 A. If any company (the “Acquiring Company”), 

1. obtains Control of the Company as a result of making: 

(i) a general offer to acquire the whole of the issued Shares which is made on the condition such that if it is satisfied the
Acquiring Company will have Control of the Company; or 
 (ii) a general offer to acquire all the shares of the Company
which are of the same class as the Shares which may be acquired by the exercise of an option under the Plan; 
 in either case ignoring any
Shares which are already owned by it or a member of the same group of companies; or 
 2. obtains Control of the Company in pursuance of a
comprise or arrangement sanctioned by the court under Section 425 of the Companies Act of 1985; or 
 3. becomes bound or entitled to
acquire Shares under Sections 428 to 430F of the Companies Act of 1985; or 
 4. becomes the holding company of the Company within the
meaning of Section 736 of the Companies Act of 1985; 
 then any Optionee may, at any time within the period specified by the Plan
Administrator, by agreement with the Acquiring Company, release any option which has not lapsed (the “Old Option”) in consideration of the grant to him or her of an option (the “New Option”) which is equivalent to the Old Option
but relates to shares in a different company (whether a company which has obtained Control of the Company or some other company). Options which are not so exchanged shall lapse unless otherwise continued in effect pursuant to the terms of the change
in Control. 
 B. The New Option shall be regarded for the purposes of subsection III. A of this Article, as equivalent to the Old Option so
that the provisions of the Plan shall for this propose be construed as if the New Option were an option granted under the Plan at the same time as the Old Option. 

C. The Plan Administrator shall have the discretion, exercisable either at the time the option is granted or at any time while the option
remains outstanding, to provide for the automatic acceleration (in whole or in part) of one or more outstanding options upon the occurrence of a change in Control of the Company, whether or not those options are to be exchanged in connection with
such change in Control. 
 D. The portion of any Incentive Option accelerated in connection with a change in Control of the Company shall
remain exercisable as an Incentive Option only to the extent the applicable One Hundred Thousand Dollar limitation is not exceeded. To the extent such dollar limitation is exceeded, the accelerated portion of such option shall be exercisable as a Non-Statutory Option under the U.S. Federal tax laws. 
 E. The grant of options under the Plan shall in
no way affect the right of the Company to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 

  
 Page 5 

	 	IV.	CANCELLATION AND REGRANT OF OPTIONS 

 The Plan Administrator shall (where lawful under
English law) have the authority to effect, at any time and from time to time, with the consent of the affected option holders, the cancellation of any or all outstanding options under the Plan and to grant in substitution therefor new options
covering the same or different number of Shares but with an exercise price per Share based on the Fair Market Value per Share on the new option grant date. In no event, however, shall such exercise price be less than the nominal value per Share.

 ARTICLE THREE  

MISCELLANEOUS 
  

	 	I.	FINANCING 

 The Plan Administrator may (where lawful under English law) permit any
Optionee to pay the option exercise price for Shares issued to such person under the Plan by delivering a full-recourse, interest-bearing promissory note payable in one or more installments and secured by the acquired Shares. In no event shall the
maximum credit available to the Optionee exceed the sum of (i) the aggregate option exercise price payable for the acquired Shares plus (ii) any U.S. Federal, state, local and foreign income and employment tax liability incurred by the
Optionee in connection with the option exercise. 
  

	 	II.	EFFECTIVE DATE AND TERM OF PLAN 

 A. The Plan shall become effective when adopted by the
Board. The Plan Administrator may grant options and issue Shares under the Plan at any time after the effective date of the Plan and before the date fixed herein for termination of the Plan. 

B. The Plan shall terminate upon the earliest of (i) the expiration of the ten (10)-year period measured from the date the Plan is
adopted by the Board, (ii) the date on which all Shares available for issuance under the Plan shall have been issued or (iii) the termination of all outstanding options in connection with a change in Control of the Company. All options
outstanding at that time under the Plan shall continue to have full force and effect in accordance with the provisions of the documents evidencing such options. 
  

	 	III.	AMENDMENT OF THE PLAN 

 A. The Board shall have complete and exclusive power and
authority to amend or modify the Plan in any or all respects. However, no such amendment or modification shall adversely affect the rights and obligations with respect to options at the time outstanding under the Plan unless the Optionee consents to
such amendment or modification. In addition, certain amendments may require shareholder approval pursuant to applicable laws and regulations. 

Subject to the numerical limitation (not the percentage limitation) described in Section IV of Article One, options may be granted under the
Plan which are in each instance in excess of the number of Shares then available for issuance under the Plan, provided any excess Shares actually issued under those programs shall be held in escrow until there is obtained shareholder approval of an
amendment sufficiently increasing the number of Shares available for issuance under the Plan. If such shareholder approval is not obtained within twelve (12) months after the date the first such excess issuances are made, then (i) any
unexercised options granted on the basis of such excess Shares shall terminate and cease to be outstanding and (ii) the Company shall promptly refund to the Optionees the exercise price paid for any excess Shares issued under the Plan and held
in escrow, together with interest (at the applicable U.S. Short Term Federal Rate) for the period the Shares were held in escrow, and such Shares shall thereupon be automatically cancelled and cease to be outstanding. 

  
 Page 6 

	 	IV.	USE OF PROCEEDS 

 Any cash proceeds received by the Company from the sale of Shares under
the Plan shall be used for general corporate purposes. 
  

	 	V.	WITHHOLDING 

 The Company’s obligation to deliver Shares upon the exercise of any
options under the Plan shall be subject to the satisfaction of all applicable U.S. Federal, state, local, and foreign income and employment tax withholding requirements, as well as the Company’s obligation in relation to the amount of any
primary or secondary social security taxes and/or contributions. 
  

	 	VI.	REGULATORY APPROVALS 

 The implementation of the Plan, the granting of any options under
the Plan and the issuance of any Shares upon the exercise of any option shall be subject to the Company’s procurement of all approvals and permits required by regulatory authorities having jurisdiction over the Plan, the options granted under
it and the Shares issued pursuant to it. The Company shall have no liability for failure to issue any Shares under the Plan if it cannot do so in compliance with all applicable laws. 

 

	 	VII.	NO EMPLOYMENT OR SERVICE RIGHTS 

 Nothing in the Plan shall confer upon the Optionee any
right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining such person) or of the Optionee, which rights are
hereby expressly reserved by each, to terminate such person’s Service at any time for any reason, with or without cause. 
  

	 	VIII.	FINANCIAL REPORTS 

 The Company shall deliver a balance sheet and an income statement at
least annually to each individual holding an outstanding option under the Plan, unless such individual is a key Employee whose duties in connection with the Company (or any Parent or Subsidiary) assure such individual access to equivalent
information. 
  

	 	IX.	RESTRICTIONS 

 The Plan Administator may impose restrictions on the sale of Shares
following the exercise of an Option. Such restrictions shall be specified in the documentation evidencing the option. 

  
 Page 7 

 APPENDIX 

The following definitions shall be in effect under the Plan: 

A. Acquiring Company shall mean the company which obtains Control of the Company pursuant to Section III of Article Two.

 B. Board shall mean the Company’s Board of Directors. 

C. Code shall mean the U.S. Internal Revenue Code of 1986, as amended. 

D. Committee shall mean a duly authorized committee appointed by the Board to exercise one or more administrative
functions under the Plan. 
 E. Companies Act of 1985 shall mean the Companies Act of 1985 of the United Kingdom. 

F. Company shall mean Blinkx plc, a company organized under the laws of the United Kingdom, and any successor company to
all or substantially all of the assets or voting shares of Blinkx plc which shall by appropriate action adopt the Plan. 
 G.
Control shall have the meaning assigned to such term by Section 840 of the Taxes Act of the United Kingdom. 
 H.
Disability shall mean the inability of the Optionee to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment and shall be determined by the Plan Administrator on the
basis of such medical evidence as the Plan Administrator deems warranted under the circumstances. 
 I. Employee shall
mean an individual who is in the employ of the Company (or any Parent or Subsidiary) in the U.S., subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of performance. 

J. Exercise Date shall mean the date on which the Company shall have received written notice of the option exercise. 

K. Fair Market Value per Share on any relevant date shall be determined in accordance with the following provisions: 

(i) If the Shares are at the time traded on the London Stock Exchange AIM Market, then the Fair Market Value shall be the
closing selling price per Share (or its nearest equivalent on London Stock Exchange AIM Market) on the date in question, as such price is reported by such market. If there is no closing selling price (or its nearest equivalent on London Stock
Exchange AIM Market) for the Shares on the date in question, then the Fair Market Value shall be such price on the last preceding date for which such quotation exists. 

(ii) In the event the Shares are traded on both the London Stock Exchange AIM Market and any other stock exchange or recognized
market, then the Fair Market Value shall be the closing selling price per Share (or its nearest equivalent) on the date in question (or the immediately preceding date for which such quotation exists) on the market determined by the Plan
Administrator to be the principal market for the Shares. 
 (iii) If the Shares are not at the time traded on the London
Stock Exchange AIM Market or any other stock exchange or recognized market, then the Fair Market Value shall be determined by the Plan Administrator after taking into account such factors as the Plan Administrator shall deem appropriate. 

  
 Page A-1 

 L. Incentive Option shall mean an option which satisfies the requirements of
Code Section 422. 
 M. Misconduct shall mean the commission of any act of fraud, embezzlement or dishonesty by
the Optionee, any unauthorized use or disclosure by such person of confidential information or trade secrets of the Company (or any Parent or Subsidiary), or any other intentional misconduct by such person adversely affecting the business or affairs
of the Company (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to be inclusive of all the acts or omissions which the Company (or any Parent or Subsidiary) may consider as grounds for the dismissal or
discharge of any Optionee or other person in the Service of the Company (or any Parent or Subsidiary). 
 N. 1934 Act
shall mean the Securities Exchange Act of 1934, as amended. 
 O. Non-Statutory
Option shall mean an option not intended to satisfy the requirements of Code Section 422. 
 P.
Optionee shall mean any person to whom an option is granted under the Plan. 
 Q. Parent shall
mean any company (other than the Company) in an unbroken chain of companies ending with the Company, provided each company in the unbroken chain (other than the Company) owns, at the time of the determination, shares possessing fifty percent (50%)
or more of the total combined voting power of all classes of shares in one of the other companies in such chain. 
 R. Plan
shall mean the Company’s 2007 U.S. Share Option Plan, as set forth in this document. 
 S. Plan Administrator
shall mean either the Board or the Committee acting in its capacity as administrator of the Plan. 
 T. Service
shall mean the provision of services to the Company (or any Parent or Subsidiary) by a person in the capacity of an Employee, a non-employee member of the board of directors or a consultant or independent
advisor, except to the extent otherwise specifically provided in the documents evidencing the option grant. 
 U. Share
shall mean a fully paid ordinary share in the capital of the Company. 
 V. Subsidiary shall mean any company
(other than the Company) in an unbroken chain of companies beginning with the Company, provided each company (other than the last company) in the unbroken chain owns, at the time of the determination, shares possessing fifty percent (50%) or more of
the total combined voting power of all classes of shares in one of the other companies in such chain. 
 W. 10% Shareholder
shall mean the owner of shares (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of shares of the Company (or any Parent or Subsidiary). 

X. U.K. Plan shall mean the Blinkx 2007 Enterprise Management Incentive Plan. 

  
 Page A-2December 31, 2017 Exhibit 10.5

Exhibit 10.5

NOTE

Loan # R1036

	
November 30, 2017

[Date]
	
Sacramento,

[City]
	
CA

[State]

Agricultural Land and Seed Processing Facilities, Canyon County, ID, Fresno County, CA and Columbia County, WI

[Property Address]

	BORROWER'S PROMISE TO PAY

In return for a loan that Borrower has received, Borrower promises to pay U.S. $10,400,000.00 (this amount is called "Principal"), plus
interest, to the order of the Lender. The Lender is Conterra Agricultural Capital, LLC. Borrower will make all payments under this Note in the form of cash, check or money order.

Borrower understands that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this
Note is also called the "Lender."

	INTEREST

Prior to default, interest will be charged on unpaid principal until the full amount of Principal has been paid. Borrower will pay interest at a yearly rate of 7.750%.

After default, interest will be charged on unpaid principal at the interest rate stated in Section 8 of this Note.

	SCHEDULED PAYMENTS

	Time and Amount of Payments

1 interest payment on January 1, 2018, with interest calculated from the date of closing on the unpaid principal balance at 7.750% per
annum; 5 consecutive semi-annual principal and interest payments of $515,710.54 each, beginning July 1, 2018, and the final payment of $10,107,215.72 on November 30, 2020, which is
called the "Maturity Date." In the event Borrower elects the Option to Extend pursuant to Section 4 of this Note, and Lender approves of such extension pursuant to Section 4 of
this Note, Borrower shall make 4 additional consecutive semi-annual principal and interest payments of $515,710.54 each, beginning January 1, 2021, and a final payment of $9,510,811.17
on November 30, 2022.

	Place of Payments

Borrower will make payments at 7755 Office Plaza Dr. North, Suite 195, West Des Moines, IA 50266 or at a different place if required by Lender.

	OPTION TO EXTEND

Provided that no default or event of default is then existing under this Note or under the Security Instrument, as hereinafter defined, Borrower shall have, subject
to Lender's approval, the option to extend the Maturity Date of the Note to November 30, 2022. The option to extend set forth herein shall be a single option to extend, subject to Lender's sole
approval, exercisable by Borrower prior the original Maturity Date under this Note.

	INTEREST CALCULATION

Interest on this Note is computed on a 30/360 simple interest basis; that is, with the exception of odd days in the first payment period, monthly interest is
calculated by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by a month of 30 days. Interest for the odd days
is calculated on the basis of the actual days to the next full month and a 360-day year. Unless required by applicable law, payments will be applied first to interest, second to principal, third to
advances under the Security Instrument, and finally to late charges.

	PREPAYMENTS

1 year lockout: Upon payment of 12 months interest, as calculated from the funding date of this Note, Borrower may prepay all or any portion of the principal of
this Note. Concurrently with any permitted prepayment of the unpaid principal balance of this Note, Borrower shall pay any unpaid interest accrued on such principal amount from the date to
which interest was last paid to the next installment payment date.

	
MULTISTATE FIXED RATE NOTE - Open Prepayment -- Farmer Mac

UNIFORM INSTRUMENT
	
Form 6001

                                                                                  1

	BORROWER'S FAILURE TO PAY AS REQUIRED

	Late Charge for Overdue Payments

If any installment of principal or interest is not received by the Lender by the end of the 10th calendar day after the date it is due, a late
fee shall be payable on such defaulted payment at a rate which is equal to 5% per annum above the current rate of interest under this note, subject to a minimum interest charge of 5% of
such defaulted payment.

	Default

If Borrower does not pay the full amount of each installment within 10 calendar days of the date each installment is due, Borrower will be in default.

	Notice of Default

If Borrower is in default and if allowed by applicable law, Lender may send Borrower a written notice telling Borrower that if Borrower
does not pay the overdue amount by a certain date (in the case of a payment default) or cure the default within 30 days of Borrower's receipt of notice of default (in the case of any non-payment default),
then Lender may require Borrower to pay immediately the full amount of Principal which has not been paid and all the interest that Borrower owes on that amount.

	No Waiver By Lender

Even if, at a time when Borrower is in default, Lender does not require Borrower to pay immediately in full as described above, Lender
will still have the right to do so if Borrower is in default at a later time.

	Payment of Lender's Costs and Expenses

If Lender has required Borrower to pay immediately in full as described above, Lender will have the right to be paid back by Borrower
for all of its costs and expenses in enforcing this Note to the extent not prohibited by applicable law. If allowed by applicable law those expenses include, for example, reasonable attorneys'
fees.

	INTEREST AFTER DEFAULT

Upon default, including failure to pay upon final maturity, at Lender's option, Lender may add any unpaid interest to principal and such sum will bear interest there
from until paid at the rate provided in this Note (including any increased interest rate). From and after the occurrence of any default, whether by nonpayment, maturity, acceleration,
nonperformance or otherwise, and until such default has been cured, all outstanding amounts due under this Note shall bear interest at a rate equal to 18% per annum, or the maximum legal
rate allowed by applicable state law if this rate is in excess of the maximum rate Lender is permitted to charge.

	ANNUAL FINANCIAL STATEMENTS

Borrower agrees to provide Lender with updated financial statements and other requested financial reports, including tax returns, annually on the anniversary date
of the date of this Note or at such other reasonable times as Lender may request. The failure of Borrower to provide annual financial statements or other requested reports within a reasonable
time may be declared to be a default of this Note by Lender and Lender may exercise all remedies under Section 7 of this Note or as provided elsewhere in this Note.

	DISSEMINATION OF INFORMATION

If Lender determines at any time to sell, transfer or assign this Note, the Security Instrument and any other security instruments, and any or all servicing rights
with respect thereto, or to grant participations therein ("Participations") or issue, in a public offering or private placement, mortgage pass-through certificates or other securities
evidencing a beneficial interest in the loan ("Securities"), Lender may forward to each purchaser, transferee, assignee, servicer, participant, investor, or their respective successors
in such Participations and/or Securities ("collectively, the "Investor"), any rating agency rating such Securities and each prospective Investor, all documents and information
which Lender now has or may hereafter acquire relating to the Indebtedness and to Borrower, any guarantor, any indemnitors and the Property, which shall have been furnished by Borrower,
any guarantor or any indemnitors, as Lender determines necessary or desirable.

	LENDER ADVANCES

Lender may make advances under the mortgage or deed of trust, security agreement or other instrument providing security for this Note, to protect the Lender's
interest in any mortgage or deed of trust, security agreement or other instrument providing security for this Note from loss of value or damage. Any money so advanced (including reasonable
costs of recovery and attorneys' fees) plus interest at the default rate stated in Section 8 of this Note shall become an obligation due and owing under the terms of this Note immediately upon
the date advanced by Lender and is an obligation of Borrower secured by the mortgage or deed of trust, security agreement or other instrument providing security for this Note.

	
MULTISTATE FIXED RATE NOTE - Open Prepayment -- Farmer Mac

UNIFORM INSTRUMENT
	
Form 6001

                                                                                  2

	GIVING OF NOTICES

Unless applicable law requires a different method, any notice that must be given to Borrower under this Note will be given by delivering it or by mailing it by
nationally recognized overnight courier to Borrower at 106 K Street, Suite 300, Sacramento, CA 95814 or at a different address if Borrower gives Lender a notice of Borrower's different
address.

Any notice that must be given to Lender under this Note will be given by delivering it or by mailing it by nationally recognized overnight courier to Lender at the address
stated in Section 3(B) above or at a different address if Borrower is given a notice of that different address.

	OBLIGATIONS OF PERSONS UNDER THIS NOTE Each Borrower, and each person executing this Note on such Borrower's behalf, represents and
warrants to Lender that by its execution below, such Borrower is duly organized, is in good standing, and has the full power, authority and legal right to execute and deliver this Note, and is
obligated to keep all of the promises made in this Note, including the promise to pay the full amount owed and any additional amounts incurred under the terms of this Note. Each Borrower
also represents and warrants that any person who is a guarantor, surety or endorser of this Note is also obligated to keep all promises made in this Note, including the promise to pay the full
amount owed and any additional amounts incurred under the terms of this Note. Lender may enforce its rights under this Note against each Borrower and each person executing or
guaranteeing this Note on such Borrower's behalf, individually or against all such persons together. Any one Borrower or any person guaranteeing this Note on any such Borrower's behalf
may be required to pay all amounts due or incurred under this Note.

	WAIVERS

Borrower and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor. "Presentment" means the
right to require Lender to demand payment of amounts due. "Notice of Dishonor" means the right to require Lender to give notice to other persons that amounts due have not been
paid.

	UNIFORM SECURED NOTE This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the
Lender under this Note, a Mortgage, Deed of Trust, or Security Deed (the "Security Instrument"), dated the same date as this Note, protects the Lender from possible losses which
might result if Borrower does not keep the promises which Borrower makes in this Note. That Security Instrument describes how and under what conditions Borrower may be required to
make immediate payment in full of all amounts Borrower owes under this Note. Some of those conditions are described as follows:

If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold
or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be
exercised by Lender if such exercise is prohibited by Applicable Law.

	USURY

The parties to this Note intend and agree that the indebtedness evidenced by this Note and any related documents shall remain in compliance with any usury
provisions of the state within which this Note was made by Borrower. This Note and any related documents are subject to the express condition that at no time shall the Borrower be
obligated, or required, to pay interest on the principal balance at a rate that could subject Lender to either civil or criminal liability as a result of such rate being in excess of the maximum rate
which Lender is permitted to charge. If, by the terms of this Note, Borrower is, at any time, required or obligated to pay interest on the principal balance at a rate in excess of such maximum
rate, then the rate of interest under this Note shall be deemed to be immediately reduced to such maximum rate, and interest payable hereunder shall be computed at such maximum rate,
and any portion of all prior Interest payments in excess of such maximum rate shall be applied, and/or shall retroactively be deemed to have been payments made, in reduction of the principal balance.

	
MULTISTATE FIXED RATE NOTE - Open Prepayment -- Farmer Mac

UNIFORM INSTRUMENT
	
Form 6001

                                                                                  3

S&W Seed Company, a Nevada corporation

	
_________________________________

Signature

Matthew K. Szot, Chief Financial Officer

	
/Sign Originals. Only]

   

PAY TO THE ORDER OF

U.S. Bank National Association, as Custodian/Trustee for Rooster Capital LLC, a Delaware limited liability company

 WITHOUT RECOURSE

Conterra Agricultural Capital, LLC

_________________________________

Signature

Paul Erickson, President

   

   

   

   

   

   

	
MULTISTATE FIXED RATE NOTE - Open Prepayment -- Farmer Mac

UNIFORM INSTRUMENT
	
Form 6001

                                                                                  4

NOTE

Loan # R1028

	
November 30, 2017

[Date]
	
Sacramento,

[City]
	
CA

[State]

Equipment and Vehicles

	BORROWER'S PROMISE TO PAY

In return for a loan that Borrower has received, Borrower promises to pay U.S. $2,100,000.00, (this amount is called "Principal"), plus interest,
to the order of the Lender.  The Lender is Conterra Agricultural Capital, LLC . Borrower will make all payments under this Note in the form of cash, check or money order.

Borrower understands that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments
under this Note is also called the "Lender."

	INTEREST

Prior to default, interest will be charged on unpaid principal until the full amount of Principal has been paid. Borrower will pay interest at a yearly rate of 9.500%.

After default, interest will be charged on unpaid principal at the interest rate stated in Section 8 of this Note.

	SCHEDULED PAYMENTS

	Time and Amount of Payments

1 interest payment on January 1, 2018, with interest calculated from the date of closing on the unpaid principal balance at 9.500% per annum; 3 consecutive semi-
annual principal and interest payments of $118,223.17 each, beginning July 1, 2018, and the final payment of $2,122,731.84 on November 30, 2019, which is called the "Maturity
Date." In the event Borrower elects the Option to Extend pursuant to Section 4 of this Note, and Lender approves of such extension pursuant to Section 4 of this Note, Borrower shall
make 2 additional consecutive semi-annual principal and interest payments of $118,223.17 each, beginning January 1, 2020, and a final payment of $2,077,537.23 on November 30, 2020.

	Place of Payments

Borrower will make payments at 7755 Office Plaza Dr. North, Suite 195, West Des Moines, IA 50266 or at a different place if required by Lender.

	OPTION TO EXTEND

Provided that no default or event of default is then existing under this Note or under the Security Instrument, as hereinafter defined, Borrower shall have, subject
to Lender's approval, the option to extend the Maturity Date of the Note to November 30, 2020. The option to extend set forth herein shall be a single option to extend, subject to Lender's sole
approval, exercisable by Borrower prior the original Maturity Date under this Note.

	INTEREST CALCULATION

Interest on this Note is computed on a 30/360 simple interest basis; that is, with the exception of odd days in the first payment period, monthly interest is
calculated by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by a month of 30 days. Interest for the odd days
is calculated on the basis of the actual days to the next full month and a 360-day year. Unless required by applicable law, payments will be applied first to accrued unpaid interest, second
to principal, third to advances under the Security Instrument, and finally to late charges.

	
MULTISTATE FIXED RATE NOTE - Open Prepayment -- Farmer Mac

UNIFORM INSTRUMENT
	
Form 6001

                                                                                  1

	PREPAYMENTS.

Borrower may prepay all or any portion of the principal of this Note. Concurrently with any permitted prepayment of the unpaid principal balance of this Note,
Borrower shall pay any unpaid interest accrued on such principal amount from the date to which interest was last paid to the next installment payment date.

	BORROWER'S FAILURE TO PAY AS REQUIRED

	Late Charge for Overdue Payments

If any installment of principal or interest due under this Note is not received by the Lender by the 10th calendar day after the date such payment is due, a late fee
shall be payable by Borrower equal to 15% of the amount of principal or interest then due.

	Default

If Borrower does not pay the full amount of each installment within 10 calendar days of the date each installment is due, Borrower will be in default.

	Notice of Default

If Borrower is in default and if allowed by applicable law, Lender may send Borrower a written notice telling Borrower that if Borrower does not pay the overdue
amount by a certain date (in the case of a payment default) or cure the default within 30 days of Borrower's receipt of notice of default (in the case of any non-payment default), then Lender
may require Borrower to pay immediately the full amount of Principal which has not been paid and all the interest that Borrower owes on that amount.

	No Waiver By Lender

Even if, at a time when Borrower is in default, Lender does not require Borrower to pay immediately in full as described above, Lender will still have the right to do
so if Borrower is in default at a later time.

	Payment of Lender's Costs and Expenses

If Lender has required Borrower to pay immediately in full as described above, Lender will have the right to be paid back by Borrower for all of its costs and
expenses in enforcing this Note to the extent not prohibited by applicable law. If allowed by applicable law those expenses include, for example, reasonable attorneys' fees.

	INTEREST AFTER DEFAULT

Upon default, including failure to pay this Note upon final maturity, at Lender's option, Lender may add any unpaid interest to principal then due under the Note
and such sum will bear interest therefrom until paid at the rate provided in this Note (including any increased interest rate). From and after the occurrence of any default, whether by
nonpayment, maturity, acceleration, nonperformance or otherwise, and until such default has been cured, all outstanding amounts due under this Note shall bear interest at a rate equal to
1$% per annum, or the maximum legal rate allowed by applicable state law if this rate is in excess of the maximum rate Lender is permitted to charge.

	ANNUAL FINANCIAL STATEMENTS

Borrower agrees to provide Lender with updated financial statements and other requested financial reports, including tax returns, annually on the anniversary date
of the date of this Note or at such other reasonable times as Lender may request. The failure of Borrower to provide annual financial statements or other requested reports within a reasonable
time may be declared to be a default of this Note by Lender and Lender may exercise all remedies under Section 7 of this Note or as provided elsewhere in this Note.

	DISSEMINATION OF INFORMATION

If Lender determines at any time to sell, transfer or assign this Note, the Security Instrument and any other security instruments, and any or all servicing rights
with respect thereto, or to grant participations therein ("Participations") or issue, in a public offering or private placement, mortgage pass-through certificates or other securities
evidencing a beneficial interest in the loan ("Securities"), Lender may forward to each purchaser, transferee, assignee, servicer, participant, investor, or their respective successors
in such Participations and/or Securities ("collectively, the "Investor"), any rating agency rating such Securities and each prospective Investor, all documents and information
which Lender now has or may hereafter acquire relating to the Indebtedness and to Borrower, any guarantor, any indemnitors and the Property, which shall have been furnished by Borrower,
any guarantor or any indemnitors, as Lender determines necessary or desirable.

	
MULTISTATE FIXED RATE NOTE - Open Prepayment -- Farmer Mac

UNIFORM INSTRUMENT
	
Form 6001

                                                                                  2

	LENDER ADVANCES

Lender may make advances under the Security Instrument, as hereinafter defined, providing security for this Note, to protect the Lender's interest in any property
providing security for this Note from loss of value or damage. Any money so advanced (including reasonable costs of recovery and attorneys' fees) plus interest at the default rate stated in
Section 8 of this Note shall become an obligation due and owing under the terms of this Note immediately upon the date advanced by Lender and is an obligation of Borrower secured by the
Security Instrument providing security for this Note.

	GIVING OF NOTICES

Unless applicable law requires a different method, any notice that must be given to Borrower under this Note will be given by delivering it or by mailing it by
nationally recognized overnight courier to Borrower at 106 K Street, Suite 300, Sacramento, CA 95814 the Property Address above or at a different address if Borrower gives Lender a notice
of Borrower's different address.

Any notice that must be given to Lender under this Note will be given by delivering it or by mailing it by nationally recognized overnight courier to Lender at the address
stated in Section 3(B) above or at a different address if Borrower is given a notice of that different address.

	OBLIGATIONS OF PERSONS UNDER THIS NOTE

Each Borrower, and each person executing this Note on such Borrower's behalf, represents and warrants to Lender that by its execution below, such Borrower is
duly organized, is in good standing, and has the full power, authority and legal right to execute and deliver this Note, and is obligated to keep all of the promises made in this Note, including
the promise to pay the full amount owed and any additional amounts incurred under the terms of this Note. Each Borrower also represents and warrants that any person who is a guarantor,
surety or endorser of this Note is also obligated to keep all promises made in this Note, including the promise to pay the full amount owed and any additional amounts incurred under the
terms of this Note. Lender may enforce its rights under this Note against each Borrower and each person executing or guaranteeing this Note on such Borrower's behalf, individually or
against all such persons together. Any one Borrower or any person guaranteeing this Note on any such Borrower's behalf may be required to pay all amounts due or incurred under this
Note.

	WAIVERS

Borrower and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor. "Presentment" means the
right to require Lender to demand payment of amounts due. "Notice of Dishonor" means the right to require Lender to give notice to other persons that amounts due have not been
paid.

	UNIFORM SECURED NOTE

This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Lender under this Note, three separate
Security Agreements related to Borrower's property located in California, Idaho, and Wisconsin (collectively, the "Security Instrument"), dated the same date as this Note, protects
the Lender from possible losses which might result if Borrower does not keep the promises which Borrower makes in this Note. That Security Instrument describes how and under what
conditions Borrower may be required to make immediate payment in full of all amounts Borrower owes under this Note. Some of those conditions are described as follows:

If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold
or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be
exercised by Lender if such exercise is prohibited by Applicable Law.

	
MULTISTATE FIXED RATE NOTE - Open Prepayment -- Farmer Mac

UNIFORM INSTRUMENT
	
Form 6001

                                                                                  3

Additionally, Borrower covenants and agrees that on the date hereof, Borrower has also entered into another loan (Loan # 21701653 in the amount of $10,400,00.00)
which is evidenced by a separate promissory note (the "Other Note"), which is secured by a separate mortgage and deed of trusts (the "Other Security Instruments"). It
is agreed that any default under the Security Instrument or this Note shall be deemed a default under the Other Note and Other Security Instruments; and any default under the Other Note or
Other Security Instruments shall be deemed to be a default under this Note and the Security Instrument.

	USURY

The parties to this Note intend and agree that the indebtedness evidenced by this Note and any related documents shall remain in compliance with any usury
provisions of the state within which this Note was made by Borrower. This Note and any related documents are subject to the express condition that at no time shall the Borrower be
obligated, or required, to pay interest on the principal balance at a rate that could subject Lender to either civil or criminal liability as a result of such rate being in excess of the maximum rate
which Lender is permitted to charge. If, by the terms of this Note, Borrower is, at any time, required or obligated to pay interest on the principal balance at a rate in excess of such maximum
rate, then the rate of interest under this Note shall be deemed to be immediately reduced to such maximum rate, and interest payable hereunder shall be computed at such maximum rate,
and any portion of all prior Interest payments in excess of such maximum rate shall be applied, and/or shall retroactively be deemed to have been payments made, in reduction of the principal
balance.

S&W Seed Company, a Nevada corporation

	
_________________________________

Signature

Matthew K. Szot, Chief Financial Officer

	
/Sign Originals. Only]

   

PAY TO THE ORDER OF

U.S. Bank National Association, as Custodian/Trustee for Rooster Capital LLC, a Delaware limited liability company

 WITHOUT RECOURSE

Conterra Agricultural Capital, LLC

_________________________________

Signature

Paul Erickson, President

   

   

	
MULTISTATE FIXED RATE NOTE - Open Prepayment -- Farmer Mac

UNIFORM INSTRUMENT
	
Form 6001

                                                                                  4

SECURITY AGREEMENT

This Security Agreement (this "Agreement") is entered into as of November 30, 2017, by and between S&W SEED COMPANY, a Nevada
corporation ("Debtor"), and CONTERRA AGRICULTURAL CAPITAL, LLC, an Iowa limited liability company ("Secured Party").

RECITALS

A.Secured Party has made a loan to Debtor in the original principal amount of Two Million One Hundred Thousand and no/100 Dollars ($2,100,00.00), which
is evidenced by, among other things, that certain promissory note by Debtor in favor of Secured Party (as amended, supplemented, or restated, the "Note") as of the date of this
Agreement.

B.Debtor desires to create and grant in favor of Secured Party, and Secured Party desires to accept, a security interest in all Collateral (as defined herein) to
secure full and timely payment and performance of all Obligations (as defined herein).

NOW, THEREFORE, in consideration of the foregoing Recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Debtor and Secured Party (each a "Party" and collectively, the "Parties") agree as follows:

AGREEMENT

	Grant of Security Interest. The Parties agree that the recitals set forth above are true and correct and are hereby incorporated in and made a part of
this Agreement. Debtor hereby pledges and grants to Secured Party a security interest in all Collateral (as defined in Section 2 below) to secure full and timely payment and performance of all
Obligations (as defined in Section 3 below).

	Collateral. For purposes of this Agreement, "Collateral" shall mean and include any and all of Debtor's right, title, or interest, now owned or
later acquired by Debtor, wherever located, in or to the following:

	the machinery and equipment specifically listed on Schedule 1 attached hereto;

	the vehicles specifically listed on Schedule 2, attached hereto;

	All proceeds from any of the property described in (a) and (b) above, including without limitation, insurance proceeds, proceeds of any noncommercial tort cause
of action or settlement, and all replacements, substitutions, returns, additions, or renewals of same.

	Obligations. For purposes of this Agreement, "Obligations" shall mean and include any and all debts, obligations,
duties, liabilities, and other covenants of Debtor or any other person in favor of Secured Party, now existing or hereafter arising, pursuant to, in connection with, or otherwise related to the
Note or this Agreement, as any of the same may be modified from time to time in accordance therewith, including, without limitation:

	Full and timely reimbursement of all costs and expenses (including reasonable attorneys' fees) incurred by Secured Party for: (i) the
collection of any funds or the enforcement of any rights under the Note or this Agreement; or (ii) the protection, maintenance, and enforcement of the security interest created under this
Agreement;

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 CA Security Agreement

   Page 2 of 5

	Any and all obligations and liabilities of Debtor related to the Note or this Agreement provided by law or required pursuant to any other agreement; and

	Any and all obligations and liabilities of Debtor or any other person under any amendments, renewals, or restatements of the Note, this Agreement or any other
related loan document.

	Representations and Warranties. Debtor represents and warrants to Secured Party the following:

	Title. Except as otherwise disclosed to Secured Party in writing prior to this Agreement, Debtor owns the Collateral free and
clear of any and all liens, claims and encumbrances, except the security interest created under this Agreement, and no other person has any right, title, claim, license, security interest, lien, or
other interest in, against, or to the Collateral;

	Authority. Debtor has full right, power, and authority to grant a security interest in the Collateral, to execute this Agreement to render the Collateral
subject to the security interest created under this Agreement, and to perform all of Debtor's obligations under this Agreement. The individual executing this Agreement on behalf of Debtor has
full right, power, and authority to execute this Agreement on behalf of Debtor and to bind Debtor hereunder by their acts and deeds;

	Information. The following information and all other factual information contained in this Agreement is accurate and complete as of the date hereof and
does not fail to include any information necessary to make the same not materially misleading:

	Debtor is a corporation validly formed and in good standing under the laws of the State of Nevada. Debtor is qualified to transact business in and in good standing
under the laws of the State of California;

	Debtor's mailing address is: 106 K Street, Suite 300, Sacramento, CA 95814;

	All of the Collateral under this Agreement is located in California; and 

	Debtor's records concerning the Collateral are located at the following address: 106 K Street, Suite 300, Sacramento, CA 95814; and

	Security Interest. This Agreement is intended to create a valid security interest in the Collateral and, upon the filing of the appropriate financing
statements, a perfected priority security interest in the Collateral in favor of Secured Party. The Debtor has taken all actions necessary to protect and perfect such security
interest.

	Covenants of Debtor. Debtor hereby agrees:

	To defend the Collateral against all other persons who, at any time, may claim an interest in it;

	To do all acts that may be necessary to maintain, preserve, and protect the Collateral and not to fail to maintain or renew, and not to abandon, any
Collateral;

	To not sell, encumber, or otherwise dispose of or transfer any Collateral or any right or interest therein without the Secured Party's prior written consent, and to
keep the Collateral free of all liens or security interests (other than the security interest created under this Agreement or as disclosed by Debtor to Secured Party in writing prior to this
Agreement);

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 CA Security Agreement

   Page 3 of 5

	To keep the Collateral insured against loss through theft, fire, or other casualty in an amount and manner approved by the Secured Party, to promptly provide
proof of such insurance to Secured Party upon request and to cause to be included in each such insurance policy, as may be requested by Secured Party, endorsements in form and
substance satisfactory to Secured Party (i) designating Secured Party  as the party to receive payment of any proceeds payable as the result of a loss of all or any part of the Collateral under
such policy, and (ii) requiring at least 30 days written notice to Secured Party prior to any modification, termination, or cancellation of any such policy. In all events, Debtor hereby
assigns to Secured Party all of its rights, title, and interest in and to any proceeds of any insurance covering the Collateral, whether or not required under this Section 5, and authorizes
Secured Party to take such acts and execute such documents as may be required to receive such proceeds. In the event Debtor fails to provide for all insurance coverage as required in this
Section 5, Secured Party shall have, in addition to any other remedies available to it, the right to obtain satisfactory insurance coverage on the Collateral on its own behalf and Debtor agrees
to reimburse Secured Party upon demand for all costs and expenses incurred in connection therewith;

	To give Secured Party reasonable access to and opportunity to inspect the Collateral, wherever located;

	To promptly pay when due all taxes, assessments, charges, encumbrances, and liens now or hereafter imposed upon or affecting any Collateral;

	To keep and maintain all of the records concerning the Collateral at the address indicated in this Agreement;

	To keep and maintain the Collateral at the address(es) indicated in this Agreement or at such other locations as may be approved by Secured Party;

	To notify Secured Party at least ten (10) business days prior to any change in: (i) the location of Debtor's place of business, (ii) Debtor's name, (iii) Debtor's type of
business organization, (iv) Debtor's jurisdiction of organization, (v) the location of the Collateral, and (vi) any information set forth in Section 4(c) above;

	To comply and to maintain compliance with all laws, regulations, and ordinances relating to the possession and control of the Collateral; and

	To procure, execute, and deliver any endorsements, assignments, and other writings reasonably requested by Secured Party in order to perfect, maintain, and
protect Secured Party's security interest in the Collateral and the priority thereof.

	Authorized Action by Secured Party. Debtor hereby authorizes Secured Party to, at Secured Party's sole option and without
any obligation to do so, and regardless of whether the Collateral is in its possession:

	File or record any document necessary or convenient to perfect, continue, amend or terminate the security interest created under this
Agreement, including, without limitation, any financing statements, including amendments, authorized to be filed under the California Commercial Code or any comparable law in any
jurisdiction. Debtor hereby ratifies any documents previously filed or recorded by Secured Party regarding the Collateral, including, without limitation, any and all previously filed financing
statements;

	Enter Debtor's property to inspect the Collateral at any reasonable time, provided that Secured Party gives Debtor notice within two business days of any
inspection; however, no notice shall be required for any entry by Secured Party in connection with exercise of any available remedy upon breach of this Agreement; and

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 CA Security Agreement

   Page 4 of 5

	Pay any costs reasonably necessary to obtain, preserve, maintain, defend and enforce the security interest created under this Agreement, and pay any amounts
reasonably necessary to discharge encumbrances, maintain adequate insurance coverage and maintain compliance with applicable laws and ordinances affecting the Collateral, including,
without limitation, the payment of taxes, assessments, and other charges required by law or contract, reasonable attorney fees and legal expenses and expenses associated with sale, repair
or storage of all or any of the Collateral. Debtor agrees to reimburse Secured Party on demand for any such payments made or costs incurred by Secured Party and that such reimbursement
obligation shall be a part of the Obligations.

	Default and Remedies. In the event of any failure or default by Debtor or any other person in the full and timely payment and
performance of the Obligations, including, without limitation, any default by Debtor in the payment of any principal or in any other duty, covenant, or obligation under the Note, this Agreement
or any other Loan Document (in each case, subject to the applicable cure periods set forth in Section 7 of the Note), Secured Party shall have all the rights and remedies of a secured party
under the California Commercial Code, including, without limitation, a right to do any one or more of the following without notice or demand:

	Take (or require Debtor to assemble and deliver to Secured Party at the Project at any reasonably specified time) and retain possession
and control of all or any of the Collateral wherever it is located or at whatever location Secured Party deems appropriate upon removal, with or without judicial process;

	Sell, lease, or otherwise dispose of any or all Collateral by public or private sale or otherwise, on such terms and in such manner as Secured Party deems
appropriate to preserve and protect its security interest;

	Enforce Secured Party's security interest by foreclosure or any other means permitted by law or under the terms of this Agreement; and

	Recover from Debtor all costs and expenses incurred by Secured Party in exercising any of its rights, powers, or remedies under this Agreement or as permitted
by law, including without limitation, attorneys' fees and costs, appraisal costs, and costs of transporting or storing any or all of the Collateral.

	Notices. Any notice or other communication required or permitted to be given under this Agreement shall be delivered and
become effective in accordance with the provisions of Section 12 of the Note.

	Cumulative Rights. The rights, powers, and remedies of Secured Party under this Agreement are in addition to any rights, powers, and remedies given to
Secured Party by virtue of any statute or rule of law, the Note, or any other agreement, all of which rights, powers, and remedies shall be cumulative and may be exercised successively or
concurrently without impairing Secured Party's security interest in the Collateral.

	Waiver. No forbearance or delay by Secured Party in exercising any right, power, or remedy shall constitute a waiver thereof, and every right, power, or
remedy of Secured Party shall continue in full force and effect until such right, power, or remedy is specifically waived in a writing executed by Secured Party.

	Successors and Assigns. This Agreement and all rights and obligations hereunder shall be binding upon Debtor and its successors, assigns, personal
representatives, and heirs; and shall inure to the benefit of Secured Party and its respective successors and assigns.

	Entire Agreement. This Agreement and the Note to which Debtor is a party together constitute the entire agreement between the Parties with regard to
the subject matter of this Agreement. There are no other representations, agreements, or understandings, oral or written, between or among the parties relating to the subject matter of this
Agreement.

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 CA Security Agreement

   Page 5 of 5

	No Modifications. No part of this Agreement may be modified, waived, limited, discharged, or terminated except in writing, signed by all Parties and
expressly referring to this Agreement and to the provisions so modified or limited.

	Governing Law and Venue. This Agreement and all amendments relating hereto shall be governed by and construed under the laws of the State of
California without regard to principles of conflicts of law. Where applicable and except as otherwise defined herein or in the Note, terms used in this Agreement shall have the meanings given
them in the California Commercial Code.

	Use of Headings. Any headings contained in this Agreement are for reference purposes only and shall not be considered in construing this
Agreement.

	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

	Severability. If any of the provisions of this Agreement shall be held invalid or unenforceable, this Agreement shall be construed as if not containing those
provisions and the rights and obligations of the Parties hereto shall be construed and enforced accordingly.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first set forth in this Agreement.
DEBTOR

S&W SEED COMPANY,

     a Nevada corporation

By _______________________________

                   Name: Matthew K. Szot

                   Title:  Chief Financial Officer

SECURED PARTY

CONTERRA AGRICULTURAL CAPITAL, LLC,

                   an Iowa limited liability company 

By _______________________________

                   Name: Paul Erickson 

                   Title: President 

   

   

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 CA Security Agreement

   Schedule 1

SCHEDULE 1

MACHINERY & EQUIPMENT

S&W Seed Company 25552 S. Butte Ave., Five Points, CA 93624

                   Item Description

2      4,150-Steel Seed Bins, approx. 4 ft.X4 ft. X 4ft. through all warehouses

                   5      Mobile Grain Elevator, KSI The Inclinator, 18 ft., SN 20606

                   6      Neuero Moveable Blower/Vacuum-model 8110 D, SN 3000, new engine, 3 years 

                   22      Floor Scale Under Hopper, Inscale Lp751A

                   66      Pallet Attachment for forklift, Liftmaster Dumper

                   67      EZ Loader, Bishamon SN 1709008

                   75      Zebra Printer Model 105 SL

                   76      Miscellaneous Office Equipment (lot)

                   78      Inspection-Ergo Vision System, by Master Seed Equipment

                   79      Seed Screen Sorter-Almaco Model ANSC, SN T14075 (air blast)

                   80      Miscellaneous Equipment in weigh house and lab, grain scale, light table, magnifier

                   81      (20) Each Framed Breeder Cages

                   82      Hege Model 80 Seeder Plot Drill

                   83      Compressor, 80 Gallon Tank, HP Unknown

                   84      Bagging Machine

                   85      Bagging Machine (Covered)

                   86      Ryobi 2800 psi Pressure Washer

                   87      Carton Sealer

                   88      Pallet Jack, 5500#

                             Shop Equipment Including press, torch set, compressor, miller welder, auger, Lincoln welder, sorter, grinder, chop saw, pump, mixer, drill, hand tools,

                   89      miscellaneous support

                   90      Gustafson Seed Treater Model 1000, SN S1000 (in container outside Whse A)

                   91      Seed Treater (Unknown Model)

                   92      40 ft. Container with ThermoKing Air Control (for bees)

                   94      Diesel Fuel Trailer

                   95      Field Auger

                   96      Sweeper-Exterra

                   97      Carton Crusher- Not Operational

                   99      (3) 40 ft. Containers (Whse A North)

                   100     Furniture and Support Items

                   101     Electronic support items, computer, printers, phones system

   

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 CA Security Agreement

   Schedule 2

SCHEDULE 2

VEHICLES

	
Asset #
	
Class
	
State
	
Loc
	
Equipment Property Description
	
Purchase/In Service Date
	
Purchase Price
	
NBV9/30/2017

	
V200808
	
S&W
	
CA
	
Five Points
	
2008 Ford Edge VIN# 2FMDK38C18BB23209
	
8/15/2008
	
35,264
	
-

	
V200906
	
S&W
	
CA
	
Five Points
	
2009 Ford F-250 VIN# 1FTSW20569WA55423
	
6/12/2009
	
38,771
	
0 

	
V201008-2
	
S&W
	
CA
	
Five Points
	
2011Ford F-150 VIN# 1FT7W2A67BEA51996
	
8/11/2010
	
44,492
	
(0)

	
V201303-1
	
S&W
	
CA
	
Five Points
	
2013 Dodge Ram 1500 Vin #1C6RR7NT6DS5686D4
	
3/7/2013
	
4,000
	
333 

	
V201303-2
	
S&W
	
CA
	
Five Points
	
2013 Dodge Ram 1500 Vin #1C6RR7NT6DS5686D4
	
3/31/2013
	
44,572
	
3,714 

	
V201307
	
S&W
	
CA
	
Five Points
	
2013 Ram 1500, Odom 4814; VIN #1C6RR7NT3DS619489
	
7/12/2013
	
50,302
	
7,545 

	
V201401-1
	
S&W
	
CA
	
Other
	
K8228 NEW 2013 Kawasaki KAF9S0FDF (Red) VIN JK1AFDF10DB506359
	
1/7/2014
	
13,815
	
13,815

	
V201406-1
	
S&W
	
CA
	
Five Points
	
2014 Ram 1500 Truck-VIN 1C6RR7NT2ES290253
	
6/26/2014
	
52,742
	
17,581

   

   

SECURITY AGREEMENT

This Security Agreement (this "Agreement") is entered into as of November 30, 2017, by and between S&W 

SEED COMPANY, a Nevada corporation ("Debtor"), and CONTERRA AGRICULTURAL CAPITAL, LLC, an Iowa limited liability company ("Secured Party").

RECITALS

A. Secured Party has made a loan to Debtor in the original principal amount of Two Million One Hundred Thousand and no/100 Dollars ($2,100,00.00), which is
evidenced by, among other things, that certain promissory note by Debtor in favor of Secured Party (as amended, supplemented, or restated, the "Note") as of the date of this
Agreement.

B. Debtor desires to create and grant in favor of Secured Party, and Secured Party desires to accept, a security interest in all Collateral (as defined herein) to secure full
and timely payment and performance of all Obligations (as defined herein).

NOW, THEREFORE, in consideration of the foregoing Recitals and for other good and valuable consideration, 

the receipt and adequacy of which are hereby acknowledged, Debtor and Secured Party (each a "Party" and collectively, the "Parties") agree as follows:

AGREEMENT

	Grant of Security Interest. The Parties agree that the recitals set forth above are true and correct and are hereby incorporated in and made a part of
this Agreement. Debtor hereby pledges and grants to Secured Party a security interest in all Collateral (as defined in Section 2 below) to secure full and timely payment and performance of all
Obligations (as defined in Section 3 below).

	Collateral. For purposes of this Agreement, "Collateral" shall mean and include any and all of Debtor's right, title, or interest, now owned or later
acquired by Debtor, wherever located, in or to the following:

	  the machinery and equipment specifically listed on Schedule 1 attached hereto;

	  the vehicles specifically listed on Schedule 2, attached hereto;

	  All proceeds from any of the property described in (a) and (b) above, including without limitation, insurance proceeds, proceeds of any noncommercial tort cause of
action or settlement, and all replacements, substitutions, returns, additions, or renewals of same.

	Obligations. For purposes of this Agreement, "Obligations" shall mean and include any and all debts, obligations, duties, liabilities, and other
covenants of Debtor or any other person in favor of Secured Party, now existing or hereafter arising, pursuant to, in connection with, or otherwise related to the Note or this Agreement, as any
of the same may be modified from time to time in accordance therewith, including, without limitation:

	  Full and timely reimbursement of all costs and expenses (including reasonable attorneys' fees) incurred by Secured Party for: (i) the collection of any funds or the
enforcement of any rights under the Note or this Agreement; or (ii) the protection, maintenance, and enforcement of the security interest created under this Agreement;

	  Any and all obligations and liabilities of Debtor related to the Note or this Agreement provided by law 

or required pursuant to any other agreement; and

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 ID Security Agreement

   Page 2 of 5

	  Any and all obligations and liabilities of Debtor or any other person under any amendments, renewals, or restatements of the Note, this Agreement or any other
related loan document.

	Representations and Warranties. Debtor represents and warrants to Secured Party the following:

	  Title. Except as otherwise disclosed to Secured Party in writing prior to this Agreement, Debtor owns the Collateral free and clear of any and all liens,
claims and encumbrances, except the security interest created under this Agreement, and no other person has any right, title, claim, license, security interest, lien, or other interest in, against,
or to the Collateral;

	  Authority. Debtor has full right, power, and authority to grant a security interest in the Collateral, to execute this Agreement to render the Collateral subject
to the security interest created under this Agreement, and to perform all of Debtor's obligations under this Agreement. The individual executing this Agreement on behalf of Debtor has full right,
power, and authority to execute this Agreement on behalf of Debtor and to bind Debtor hereunder by their acts and deeds;

	  Information. The following information and all other factual information contained in this Agreement is accurate and complete as of the date hereof and does not
fail to include any information necessary to make the same not materially misleading:

	  Debtor is a corporation validly formed and in good standing under the laws of the State of Nevada. Debtor is qualified to transact business in and in good standing
under the laws of the State of Idaho;

	  Debtor's mailing address is: 106 K Street, Suite 300, Sacramento, CA 95814;

	  All of the Collateral under this Agreement is located in Idaho; and

	  Debtor's records concerning the Collateral are located at the following address: 106 K Street, Suite 300, Sacramento, CA 95814; and

	  Security Interest. This Agreement is intended to create a valid security interest in the Collateral and, upon the filing of the appropriate financing
statements, a perfected priority security interest in the Collateral in favor of Secured Party. The Debtor has taken all actions necessary to protect and perfect such security
interest.

	Covenants of Debtor. Debtor hereby agrees:

	  To defend the Collateral against all other persons who, at any time, may claim an interest in it;

	  To do all acts that may be necessary to maintain, preserve, and protect the Collateral and not to fail to maintain or renew, and not to abandon, any
Collateral;

	  To not sell, encumber, or otherwise dispose of or transfer any Collateral or any right or interest therein without the Secured Party's prior written consent, and to
keep the Collateral free of all liens or security interests (other than the security interest created under this Agreement or as disclosed by Debtor to Secured Party in writing prior to this
Agreement);

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 ID Security Agreement

   Page 3 of 5

	  To keep the Collateral insured against loss through theft, fire, or other casualty in an amount and manner approved by the Secured Party, to promptly provide
proof of such insurance to Secured Party upon request and to cause to be included in each such insurance policy, as may be requested by Secured Party, endorsements in form and substance
satisfactory to Secured Party (i) designating Secured Party as the party to receive payment of any proceeds payable as the result of a loss of all or any part of the Collateral under such policy,
and (ii) requiring at least 30 days written notice to Secured Party prior to any modification, termination, or cancellation of any such policy. In all events, Debtor hereby assigns to Secured Party
all of its rights, title, and interest in and to any proceeds of any insurance covering the Collateral, whether or not required under this Section 5, and authorizes Secured Party to take such acts
and execute such documents as may be required to receive such proceeds. In the event Debtor fails to provide for all insurance coverage as required in this Section 5, Secured Party shall
have, in addition to any other remedies available to it, the right to obtain satisfactory insurance coverage on the Collateral on its own behalf and Debtor agrees to reimburse Secured Party upon
demand for all costs and expenses incurred in connection therewith;

	  To give Secured Party reasonable access to and opportunity to inspect the Collateral, wherever located;

	  To promptly pay when due all taxes, assessments, charges, encumbrances, and liens now or hereafter imposed upon or affecting any Collateral;

	  To keep and maintain all of the records concerning the Collateral at the address indicated in this Agreement;

	  To keep and maintain the Collateral at the address(es) indicated in this Agreement or at such other locations as may be approved by Secured Party;

	  To notify Secured Party at least ten (10) business days prior to any change in: (i) the location of Debtor's place of business, (ii) Debtor's name, (iii) Debtor's type of
business organization, (iv) Debtor's jurisdiction of organization, (v) the location of the Collateral, and (vi) any information set forth in Section 4(c) above;

	  To comply and to maintain compliance with all laws, regulations, and ordinances relating to the possession and control of the Collateral; and

	  To procure, execute, and deliver any endorsements, assignments, and other writings reasonably requested by Secured Party in order to perfect, maintain, and
protect Secured Party's security interest in the Collateral and the priority thereof.

	Authorized Action by Secured Party. Debtor hereby authorizes Secured Party to, at Secured Party's sole option and without any obligation to do so, and
regardless of whether the Collateral is in its possession:

	  File or record any document necessary or convenient to perfect, continue, amend or terminate the security interest created under this Agreement, including,
without limitation, any financing statements, including amendments, authorized to be filed under the Idaho Commercial Code or any comparable law in any jurisdiction. Debtor hereby ratifies
any documents previously filed or recorded by Secured Party regarding the Collateral, including, without limitation, any and all previously filed financing statements;

	  Enter Debtor's property to inspect the Collateral at any reasonable time, provided that Secured Party gives Debtor notice within two business days of any
inspection; however, no notice shall be required for any entry by Secured Party in connection with exercise of any available remedy upon breach of this Agreement; and

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 ID Security Agreement

   Page 4 of 5

	  Pay any costs reasonably necessary to obtain, preserve, maintain, defend and enforce the security interest created under this Agreement, and pay any amounts
reasonably necessary to discharge encumbrances, maintain adequate insurance coverage and maintain compliance with applicable laws and ordinances affecting the Collateral, including,
without limitation, the payment of taxes, assessments, and other charges required by law or contract, reasonable attorney fees and legal expenses and expenses associated with sale, repair or
storage of all or any of the Collateral. Debtor agrees to reimburse Secured Party on demand for any such payments made or costs incurred by Secured Party and that such reimbursement
obligation shall be a part of the Obligations.

	Default and Remedies. In the event of any failure or default by Debtor or any other person in the full and timely payment and performance of the
Obligations, including, without limitation, any default by Debtor in the payment of any principal or in any other duty, covenant, or obligation under the Note, this Agreement or any other Loan
Document (in each case, subject to the applicable cure periods set forth in Section 7 of the Note), Secured Party shall have all the rights and remedies of a secured party under the Idaho
Commercial Code, including, without limitation, a right to do any one or more of the following without notice or demand:

	  Take (or require Debtor to assemble and deliver to Secured Party at the Project at any reasonably specified time) and retain possession and control of all or any of
the Collateral wherever it is located or at whatever location Secured Party deems appropriate upon removal, with or without judicial process;

	  Sell, lease, or otherwise dispose of any or all Collateral by public or private sale or otherwise, on such terms and in such manner as Secured Party deems
appropriate to preserve and protect its security interest;

	  Enforce Secured Party's security interest by foreclosure or any other means permitted by law or under the terms of this Agreement; and

	  Recover from Debtor all costs and expenses incurred by Secured Party in exercising any of its rights, powers, or remedies under this Agreement or as permitted
by law, including without limitation, attorneys' fees and costs, appraisal costs, and costs of transporting or storing any or all of the Collateral.

	Notices. Any notice or other communication required or permitted to be given under this Agreement shall be delivered and become effective in accordance
with the provisions of Section 12 of the Note.

	Cumulative Rights. The rights, powers, and remedies of Secured Party under this Agreement are in addition to any rights, powers, and remedies given to
Secured Party by virtue of any statute or rule of law, the Note, or any other agreement, all of which rights, powers, and remedies shall be cumulative and may be exercised successively or
concurrently without impairing Secured Party's security interest in the Collateral.

	Waiver. No forbearance or delay by Secured Party in exercising any right, power, or remedy shall constitute a waiver thereof, and every right, power, or
remedy of Secured Party shall continue in full force and effect until such right, power, or remedy is specifically waived in a writing executed by Secured Party.

	Successors and Assigns. This Agreement and all rights and obligations hereunder shall be binding upon Debtor and its successors, assigns, personal
representatives, and heirs; and shall inure to the benefit of Secured Party and its respective successors and assigns.

	Entire Agreement. This Agreement and the Note to which Debtor is a party together constitute the entire agreement between the Parties with regard to the
subject matter of this Agreement. There are no other representations, agreements, or understandings, oral or written, between or among the parties relating to the subject matter of this
Agreement.

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 ID Security Agreement

   Page 5 of 5

	No Modifications. No part of this Agreement may be modified, waived, limited, discharged, or terminated except in writing, signed by all Parties and
expressly referring to this Agreement and to the provisions so modified or limited.

	Governing Law and Venue. This Agreement and all amendments relating hereto shall be governed by and construed under the laws of the State of Idaho
without regard to principles of conflicts of law. Where applicable and except as otherwise defined herein or in the Note, terms used in this Agreement shall have the meanings given them in the
Idaho Commercial Code.

	Use of Headings. Any headings contained in this Agreement are for reference purposes only and shall not be considered in construing this
Agreement.

	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

	Severability. If any of the provisions of this Agreement shall be held invalid or unenforceable, this Agreement shall be construed as if not containing those
provisions and the rights and obligations of the Parties hereto shall be construed and enforced accordingly.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first set forth in this Agreement.
DEBTOR

S&W SEED COMPANY,

     a Nevada corporation

By _______________________________

                   Name: Matthew K. Szot

                   Title:  Chief Financial Officer

SECURED PARTY

CONTERRA AGRICULTURAL CAPITAL, LLC,

                   an Iowa limited liability company 

By _______________________________

                   Name: Paul Erickson 

                   Title: President 

   

   

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 ID Security Agreement

   Schedule 1

SCHEDULE 1

MACHINERY & EQUIPMENT

S&W Seed Company 4819 E. Lewis Lane, Nampa, ID 83686

	
Item
	
Description

	
1
	
AOC Stationary Belt Thresher

	
2
	
Almaco Plot Thresher

	
3
	
Belt Thresher

	
4
	
WinterSteiger Thresher

	
5
	
LD 350 Seed Thresher

	
6
	
LD180 Seed Thresher

	
7
	
South Dkota Seed Blower

	
8
	
Agriculex ASC-3 Seed Cleaner

	
9
	
Agriculex ASC-3 Seed Cleaner

	
10
	
Dryer Box

	
11
	
Lab Top Drier

	 	 
	
12
	
Lab Scientific Labcon Level 2 Biosafety Cab

	
13
	
Lab Laminar Flow Hood

	
14
	
Autoclave

	
15
	
Bee Incubator

	
16
	
SG 30 Seed Germinator-Incubator

	
17
	
Seed Germinator-Incubator

	
18
	
Percival Seed Germinator   

Screened Cage Tops & Frame Work

   Approx. 30 EA 20'X30'

   Approx. 30 EA 10'X14'Approx.

	
19
	

   20 EA Various Sizes

	
20
	
Polaris Ranger 2X4

	
21
	
Zebra Printer

	
22
	
Balance

	
23
	
Dissecting Microscope

	
24
	
Dissecting Scope

	
25
	
Electronic Scale

	
26
	
Microscope

	
27
	
72 Inch Flail Mower

	
28
	
2011 Frontier Rototiller 1307R

	
29
	
Plot Drill "Hedge 80" W/Extra Weights

	
30
	
Seeder/Plot Drill

	
31
	
Bush Hog 60" Tiller

	
32
	
Forage Chopper

	
33
	
Alfalfa Harvester

	
34
	
Wiley Mill

	
35
	
Plot Harvester

	
36
	
TXS65 Thermal Tag Printer-Rewinder

	
37
	
Flail Mower

	
38
	
Equipment Trailer

	
39
	
Big Ox 8' Terracer Blade

	
40
	
Used Forklift

	
41
	
Tiller/Sickle Bar with Trade

	
42
	
John Deer 8300 Grain Drill

	
43
	
Domries 8 Ft Disc

	
44
	
8.5 Ft Ring Packer

	
45
	
7 Ft Ring Packer

	
46
	
7 Ft Spring Shank Chisel

	
47
	
John Deer 50 Box Scraper

	
48
	
Hays Forks Loader Attachment

	
49
	
Pallett Fork Loader Attachment

	
50
	
Field Transplanter Home Made

	
51
	
Catlin MFG Gopher Poison Machine

	
52
	
8 Ft Rod Weeder

	
53
	
Rankin 3 Tooth 7 Ft Ripper

	
54
	
2 Misc Tool Bars with Shovels

	
55
	
John Deer 3 Bottom Roll Over Plow

	
56
	
Pipe Trailer

	
57
	
John Deer Row Marker

	
58
	
Home Made Row Marker

	
59
	
Fuel Tank Gas/Diesel on Trailer

	
60
	
New Holland 520 Manure Spreader

	
61
	
Older Manure Spreader (Make Unknown)

	
62
	
3" X 40' Alum. Handline Approx. 150 each

	
63
	
3 Pt Sprayer with Poly Tank Herbicide

	
64
	
3 Pt Sprayer with Poly Tank Pesticide

	
65
	
30 Ft Spray Boom

	
66
	
Emglow 5HP Air Compressor

	
67
	
Panasonic Toughpad

	
68
	
Braber Dry Fertilizer Spreader 3 Pt

	
69
	
5500 Tractor

	
70
	
Ford 1520 Tractor W/Loader & BKT

	
71
	
Case 35 Hydrostat Tractor with Loader

and 80" Belly Mower

	
72
	
Portable Dust Collection System

	
73
	
M5091 Tractor with Cab and Radio

	
74
	
Agtech Products Inc. - Lab Equipment for

Nampa Research Facility

	
75
	
Foss North America - Used FOSS NIRS

DS2500 S/N 91753101 64 BIT Dell for

Stevia Analysis

	 	
Computer and Networking Equipment

	
76
	
(LOT)

	
79
	
Westrup HA 400 Brusch Machine

	
80
	
1987 Jacobson Bumper Pull Equip Trailer

VIN #1J9DE2H27HF015072

	
81
	
American Trailer Sales Co. - Research

   Trailer VIN #16VGX252XG4086523

	
S&W Seed Company, 9178 Lakeshore Drive, Nampa, Idaho. 83686-9202 

	
Item
	
Description

	
1
	
6141 (EA) Steel Seed Bins. Approx. 4 ft. X 4 ft. X 4ft. Throughout
   all warehouses

	
2
	
2,500 (EA) Cardboard Seed Bins

	
159
	
03 Hyster S50XM Forklift

	
160
	
WMS Fork Truck Mount Units

	
161
	
WMS Forklift Mounts

	
162
	
WMS Units for New Fork Trucks

	
163
	
2003POWERNESTER Clamp

	
164
	
2009HYSTERH50FT H50FT

	
165
	
2009HYSTERS50FT189 S50FT

	
166
	
S50FT2009HYSTER189 S50FT

	
167
	
2009HYSTERS50FT189 S50FT

	
168
	
Hyster

	
169
	
Hyster

	
170
	
Power Boss

	
171
	
Hyster

	
172
	
Hyster

	
173
	
Trimble GPS

	
174
	
Bee Trailer

	
175
	
4X4 Utility Vehicle-Kawasaki Mule

	
176
	
Case Loader for Tractor

	
177
	
Kubota Tractor

	
178
	
Scissor Lift

	
179
	
Well House Backup Generator

	
180
	
Automatic External Defibrillator

	
181
	
BM&M Cleaner (Screen Cleaner)

	
182
	
Box Washer

	
183
	
Bulk Bag Hanger

	
184
	
Car Unloader Conveyor

	
185
	
Fluke Thermal Imager

	
186
	
Formax Cutter FD572

	
187
	
Formax Cutter FD572

	
188
	
Formax Cutter FD572

	
189
	
GPS Recording Equipment

	
190
	
Inspection Vibrator

	
191
	
Mica Transfer Sys-Bulk Bags to Stg Tank

	
192
	
Miller Retrieval Units

	
193
	
Truck Scale (#5)

	
194
	
Weather Loggers

	
195
	
Outdoor Platform Scale (#8)

	
196
	
Portable Platform Scale (#2)

	
197
	
Portable Scales

	
198
	
Band Saw

	
199
	
Chain Hoist

	
200
	
Metal Shear Hydraulic 52"

	
201
	
Plasma Cutter

	
202
	
Plasma Cutter

	
203
	
Wire Feed Welder

	
204
	
Wire Feed Welder

	
205
	
Miller Shopmaster Combo

	
206
	
National 48" Box and Pan Break

	
207
	
Speedflo PT4500 Airless Paint Sprayer

	
208
	
Vertical Mill

	
209
	
Welder Syncrowave 210 Series Tig/Mig

	
210
	
Welder/Compressor/Generator Combo

	
211
	
Engine Lathe

	
212
	
Press

	
213
	
Ironworker

	
214
	
Tool Storage Cabinets

	
215
	
Misc. Shop Support Small Tools

	
216
	
SG30 Seed Germinator

	
217
	
(2) Victor 6-Drawer File

	
218
	
Binocular Microscopes

	
219
	
Clipper Cleaner (Lab Model)

	
220
	
Germinator/Growth Chamber

	
221
	
Germinator/Growth Chamber

	
222
	
Microscope With Illuminator

	
223
	
6' Velvet Roll, Lab

	
224
	
Chairs-Training Area

	
225
	
Furniture-Office Construction

	
226
	
HP LaserJet 9050dn-Printer

	
227
	
Lanier LD550 C Copier/Printer

	
228
	
LaserJet 400 N Printer/Ethernet

	
229
	
Partner Plus Phone System

	
230
	
Phone System

	
231
	
Sharp MX5111N Copier/Printer

	
232
	
Typewriter

	
233
	
Goodman A/C and Installation

	
234
	
Furniture, cubicles, main office

	
235
	
Computer

	
236
	
Networking Equipment

	
237
	
Vee Ditcher, 8 row cultivator, 13' disc

	
238
	
Border Plow

	
239
	
Lawn Mower

	
240
	
Monosem Planter (alfalfa)

	
241
	
6 Row Precision Planter

	
242
	
Farmall

	
243
	
Utility Trailer

	
244
	
7' X 18' Flatbed Tilt Deck

	
245
	
Trailer Vin #5PTGF3523E1021055

SCHEDULE 2

VEHICLES

 

	
Asset #
	
Class
	
State
	
Loc
	
Equipment Property Description
	
Purchase/In
Service Date
	
Purchase
Price
	
NBV 9/30/2017

	
V201303-3
	
S&W
	
Idaho
	
Nampa
	
2013 Dodge Ram 1500 Laramie Crew Cab VIN#1C6RR7NT1DS619488
	
3/13/2013
	
48,756
	
4,063

	
13699
	
Pioneer
	
Idaho
	
Nampa
	
2013 F150 XLT VIN# 1FTFW1ET5DKE25192
	
12/31/2014
	
25,000
	
7,812

	
13827
	
Pioneer
	
Idaho
	
Nampa
	
2013 F250 XLT VIN# 1FT7W2BT4DEA70383
	
12/31/2014
	
34,000
	
10,625

	
14609
	
Pioneer
	
Idaho
	
Nampa
	
2014 F150 XLT VIN# 1FTFW1EF0EKD28249
	
12/31/2014
	
30,000
	
9,375

	
61039
	
Pioneer
	
Idaho
	
Nampa
	
Utility Trailer
	
12/31/2014
	
3,500
	
1,094

	
61054
	
Pioneer
	
Idaho
	
Nampa
	
7'x18' Flatbed Tilt Deck
	
12/31/2014
	
2,500
	
781

	
10008
	
Pioneer
	
Idaho
	
Nampa
	
2008 F150 XLT VIN# 1FTPW14V68KE07653
	
12/31/2014
	
15,000
	
4,688

	
08095
	
Pioneer
	
Idaho
	
Nampa
	
2008 F550 XLT VIN# 1FDAF57Y78ED02598
	
12/31/2014
	
17,500
	
5,469

	
08454
	
Pioneer
	
Idaho
	
Nampa
	
2010 F150 XLT VIN# 1FTFX1EV8AKA32734
	
12/31/2014
	
15,000
	
4,688

	
13455
	
Pioneer
	
Idaho
	
Nampa
	
2013 F150 XLT VIN# 1FTFW1ET6DKD66430
	
12/31/2014
	
25,000
	
7,812

	
0382
	
Pioneer
	
Idaho
	
Nampa
	
2003POWERNESTER Clamp
	
12/31/2014
	
1,500
	
469

	
09740
	
Pioneer
	
Idaho
	
Nampa
	
2009HYSTERH50FT H50FT
	
12/31/2014
	
15,000
	
4,688

	
09737
	
Pioneer
	
Idaho
	
Nampa
	
2009HYSTERS50FT189 S50Ft
	
12/31/2014
	
15,000
	
4,688

	
09739
	
Pioneer
	
Idaho
	
Nampa
	
S50FT2009HYSTER189 S50FT
	
12/31/2014
	
15,000
	
4,688

	
09738
	
Pioneer
	
Idaho
	
Nampa
	
2009HYSTERS50FT189 S50FT
	
12/31/2014
	
15,000
	
4,688

	
8258
	
Pioneer
	
Idaho
	
Nampa
	
2008 F150 XLT VIN# 1FTPX14V28KC96595
	
12/31/2014
	
14,825
	
4,633

	
12103
	
Pioneer
	
Idaho
	
Nampa
	
Hyster
	
12/31/2014
	
27,207
	
8,502

	
14037
	
Pioneer
	
Idaho
	
Nampa
	
Hyster
	
12/31/2014
	
37,143
	
11,607

	
14033
	
Pioneer
	
Idaho
	
Nampa
	
Power Boss
	
12/31/2014
	
31,559
	
9,862

	
14036
	
Pioneer
	
Idaho
	
Nampa
	
Hyster
	
12/31/2014
	
37,143
	
11,607

	
13186
	
Pioneer
	
Idaho
	
Nampa
	
Hyster
	
12/31/2014
	
31,869
	
9,959

	
11654
	
Pioneer
	
Idaho
	
Nampa
	
Farman
	
12/31/2014
	
16,136
	
5,042

	
V201502
	
Pioneer
	
Idaho
	
Nampa
	
2015 Dodge Ram 5500 Vin# 3C7WRNBL1FG611845 Nampa Pioneer
	
2/28/2015
	
53,926
	
25,165

	
V201503
	
Pioneer
	
Idaho
	
Nampa
	
Trailer Vin #5PTGF3523E1021055
	
3/31/2015
	
10,070
	
3,566

	
Adjustment
	
Pioneer
	
Idaho
	
Nampa
	
2008 F150 VIN: 1FTPX14V28KC96595
	
12/31/2014
	
14,825
	
4,633

	
Adjustment
	
Pioneer
	
Idaho
	
Nampa
	
1987 JACOBSEN BUMPER PULL EQUIP TRAILER VIN #1J9DE2H27HF015072
	
12/31/2014
	
1,500
	
469

	
V201509
	
S&W
	
Idaho
	
Nampa
	
2012 - Mazda3 Gray Vin #JM1BL1L98C1685959
	
9/30/2015
	
12,600
	
7,350

	
V201606
	
Pioneer
	
Idaho
	
Nampa
	
2016 Dodge 3500 Ram Pickup VIN 3C63R3GL3GG290526
	
6/2/2016
	
46,629
	
34,194

   

   

SECURITY AGREEMENT

This Security Agreement (this "Agreement") is entered into as of November 30, 2017, by and between S&W SEED COMPANY, a Nevada
corporation ("Debtor"), and CONTERRA AGRICULTURAL CAPITAL, LLC, an Iowa limited liability company ("Secured Party").

RECITALS

A.Secured Party has made a loan to Debtor in the original principal amount of Two Million One Hundred Thousand and no/100 Dollars ($2,100,00.00), which
is evidenced by, among other things, that certain promissory note by Debtor in favor of Secured Party (as amended, supplemented, or restated, the "Note") as of the date of this
Agreement.

B.Debtor desires to create and grant in favor of Secured Party, and Secured Party desires to accept, a security interest in all Collateral (as defined herein) to
secure full and timely payment and performance of all Obligations (as defined herein).

NOW, THEREFORE, in consideration of the foregoing Recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Debtor and Secured Party (each a "Party" and collectively, the "Parties") agree as follows:

AGREEMENT

	Grant of Security Interest. The Parties agree that the recitals set forth above are true and correct and are hereby incorporated in and made a part of
this Agreement. Debtor hereby pledges and grants to Secured Party a security interest in all Collateral (as defined in Section 2 below) to secure full and timely payment and performance of all
Obligations (as defined in Section 3 below).

	Collateral. For purposes of this Agreement, "Collateral" shall mean and include any and all of Debtor's right, title, or interest, now owned or
later acquired by Debtor, wherever located, in or to the following:

	the machinery and equipment specifically listed on Schedule 1 attached hereto;

	the vehicles specifically listed on Schedule 2, attached hereto;

	All proceeds from any of the property described in (a) and (b) above, including without limitation, insurance proceeds, proceeds of any noncommercial tort cause
of action or settlement, and all replacements, substitutions, returns, additions, or renewals of same.

	Obligations. For purposes of this Agreement, "Obligations" shall mean and include any and all debts, obligations, duties, liabilities, and other
covenants of Debtor or any other person in favor of Secured Party, now existing or hereafter arising, pursuant to, in connection with, or otherwise related to the Note or this Agreement, as any
of the same may be modified from time to time in accordance therewith, including, without limitation:

	Full and timely reimbursement of all costs and expenses (including reasonable attorneys' fees) incurred by Secured Party for: (i) the collection of any funds or the
enforcement of any rights under the Note or this Agreement; or (ii) the protection, maintenance, and enforcement of the security interest created under this Agreement;

	Any and all obligations and liabilities of Debtor related to the Note or this Agreement provided by law or required pursuant to any other agreement; and

                                                                                  1

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 WI Security Agreement

   Page 2 of 5

	Any and all obligations and liabilities of Debtor or any other person under any amendments, renewals, or restatements of the Note, this Agreement or any other
related loan document.

	Representations and Warranties. Debtor represents and warrants to Secured Party the following:

	Title. Except as otherwise disclosed to Secured Party in writing prior to this Agreement, Debtor owns the Collateral free and clear of any and all liens,
claims and encumbrances, except the security interest created under this Agreement, and no other person has any right, title, claim, license, security interest, lien, or other interest in, against,
or to the Collateral;

	Authority. Debtor has full right, power, and authority to grant a security interest in the Collateral, to execute this Agreement to render the Collateral
subject to the security interest created under this Agreement, and to perform all of Debtor's obligations under this Agreement. The individual executing this Agreement on behalf of Debtor has
full right, power, and authority to execute this Agreement on behalf of Debtor and to bind Debtor hereunder by their acts and deeds;

	Information. The following information and all other factual information contained in this Agreement is accurate and complete as of the date hereof and
does not fail to include any information necessary to make the same not materially misleading:

	Debtor is a corporation validly formed and in good standing under the laws of the State of Nevada. Debtor is qualified to transact business in and in good standing
under the laws of the State of Wisconsin;

	Debtor's mailing address is: 106 K Street, Suite 300, Sacramento CA, 95814;

	All of the Collateral under this Agreement is located in Wisconsin; and

	Debtor's records concerning the Collateral are located at the following address: 106 K Street, Suite 300, Sacramento CA, 95814; and

	Security Interest. This Agreement is intended to create a valid security interest in the Collateral and, upon the filing of the appropriate financing
statements, a perfected priority security interest in the Collateral in favor of Secured Party. The Debtor has taken all actions necessary to protect and perfect such security
interest.

	Covenants of Debtor. Debtor hereby agrees:

	To defend the Collateral against all other persons who, at any time, may claim an interest in it;

	To do all acts that may be necessary to maintain, preserve, and protect the Collateral and not to fail to maintain or renew, and not to abandon, any
Collateral;

	To not sell, encumber, or otherwise dispose of or transfer any Collateral or any right or interest therein without the Secured Party's prior written consent, and to
keep the Collateral free of all liens or security interests (other than the security interest created under this Agreement or as disclosed by Debtor to Secured Party in writing prior to this
Agreement);

                                                                                  2

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 WI Security Agreement

   Page 3 of 5

	To keep the Collateral insured against loss through theft, fire, or other casualty in an amount and manner approved by the Secured Party, to promptly provide
proof of such insurance to Secured Party upon request and to cause to be included in each such insurance policy, as may be requested by Secured Party, endorsements in form and
substance satisfactory to Secured Party (i) designating Secured Party as the party to receive payment of any proceeds payable as the result of a loss of all or any part of the Collateral under
such policy, and (ii) requiring at least 30 days written notice to Secured Party prior to any modification, termination, or cancellation of any such policy. In all events, Debtor hereby assigns to
Secured Party all of its rights, title, and interest in and to any proceeds of any insurance covering the Collateral, whether or not required under this Section 5, and authorizes Secured Party to
take such acts and execute such documents as may be required to receive such proceeds. In the event Debtor fails to provide for all insurance coverage as required in this Section 5,
Secured Party shall have, in addition to any other remedies available to it, the right to obtain satisfactory insurance coverage on the Collateral on its own behalf and Debtor agrees to
reimburse Secured Party upon demand for all costs and expenses incurred in connection therewith;

	To give Secured Party reasonable access to and opportunity to inspect the Collateral, wherever located;

	To promptly pay when due all taxes, assessments, charges, encumbrances, and liens now or hereafter imposed upon or affecting any Collateral;

	To keep and maintain all of the records concerning the Collateral at the address indicated in this Agreement;

	To keep and maintain the Collateral at the address(es) indicated in this Agreement or at such other locations as may be approved by Secured Party;

	To notify Secured Party at least ten (10) business days prior to any change in: (i) the location of Debtor's place of business, (ii) Debtor's name, (iii) Debtor's type of
business organization, (iv) Debtor's jurisdiction of organization, (v) the location of the Collateral, and (vi) any information set forth in Section 4(c) above;

	To comply and to maintain compliance with all laws, regulations, and ordinances relating to the possession and control of the Collateral; and

	To procure, execute, and deliver any endorsements, assignments, and other writings reasonably requested by Secured Party in order to perfect, maintain, and
protect Secured Party's security interest in the Collateral and the priority thereof.

	Authorized Action by Secured Party. Debtor hereby authorizes Secured Party to, at Secured Party's sole option and without any obligation to do so, and
regardless of whether the Collateral is in its possession:

	File or record any document necessary or convenient to perfect, continue, amend or terminate the security interest created under this Agreement, including,
without limitation, any financing statements, including amendments, authorized to be filed under the Wisconsin Commercial Code or any comparable law in any jurisdiction. Debtor hereby
ratifies any documents previously filed or recorded by Secured Party regarding the Collateral, including, without limitation, any and all previously filed financing statements;

                                                                                  3

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 WI Security Agreement

   Page 4 of 5

	Enter Debtor's property to inspect the Collateral at any reasonable time, provided that Secured Party gives Debtor notice within two business days of any
inspection; however, no notice shall be required for any entry by Secured Party in connection with exercise of any available remedy upon breach of this Agreement; and

	Pay any costs reasonably necessary to obtain, preserve, maintain, defend and enforce the security interest created under this Agreement, and pay any amounts
reasonably necessary to discharge encumbrances, maintain adequate insurance coverage and maintain compliance with applicable laws and ordinances affecting the Collateral, including,
without limitation, the payment of taxes, assessments, and other charges required by law or contract, reasonable attorney fees and legal expenses and expenses associated with sale, repair
or storage of all or any of the Collateral. Debtor agrees to reimburse Secured Party on demand for any such payments made or costs incurred by Secured Party and that such reimbursement
obligation shall be a part of the Obligations.

	Default and Remedies. In the event of any failure or default by Debtor or any other person in the full and timely payment and performance of the
Obligations, including, without limitation, any default by Debtor in the payment of any principal or in any other duty, covenant, or obligation under the Note, this Agreement or any other Loan
Document (in each case, subject to the applicable cure periods set forth in Section 7 of the Note), Secured Party shall have all the rights and remedies of a secured party under the Wisconsin
Commercial Code, including, without limitation, a right to do any one or more of the following without notice or demand:

	Take (or require Debtor to assemble and deliver to Secured Party at the Project at any reasonably specified time) and retain possession and control of all or any
of the Collateral wherever it is located or at whatever location Secured Party deems appropriate upon removal, with or without judicial process;

	Sell, lease, or otherwise dispose of any or all Collateral by public or private sale or otherwise, on such terms and in such manner as Secured Party deems
appropriate to preserve and protect its security interest;

	Enforce Secured Party's security interest by foreclosure or any other means permitted by law or under the terms of this Agreement; and

	Recover from Debtor all costs and expenses incurred by Secured Party in exercising any of its rights, powers, or remedies under this Agreement or as permitted
by law, including without limitation, attorneys' fees and costs, appraisal costs, and costs of transporting or storing any or all of the Collateral.

	Notices. Any notice or other communication required or permitted to be given under this Agreement shall be delivered and become effective in
accordance with the provisions of Section 12 of the Note.

	Cumulative Rights. The rights, powers, and remedies of Secured Party under this Agreement are in addition to any rights, powers, and remedies given to
Secured Party by virtue of any statute or rule of law, the Note, or any other agreement, all of which rights, powers, and remedies shall be cumulative and may be exercised successively or
concurrently without impairing Secured Party's security interest in the Collateral.

                                                                                  4

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 WI Security Agreement

   Page 5 of 5

	Waiver. No forbearance or delay by Secured Party in exercising any right, power, or remedy shall constitute a waiver thereof, and every right, power, or
remedy of Secured Party shall continue in full force and effect until such right, power, or remedy is specifically waived in a writing executed by Secured Party.

	Successors and Assigns. This Agreement and all rights and obligations hereunder shall be binding upon Debtor and its successors, assigns, personal
representatives, and heirs; and shall inure to the benefit of Secured Party and its respective successors and assigns.

	Entire Agreement. This Agreement and the Note to which Debtor is a party together constitute the entire agreement between the Parties with regard to
the subject matter of this Agreement. There are no other representations, agreements, or understandings, oral or written, between or among the parties relating to the subject matter of this
Agreement.

	No Modifications. No part of this Agreement may be modified, waived, limited, discharged, or terminated except in writing, signed by all Parties and
expressly referring to this Agreement and to the provisions so modified or limited.

	Governing Law and Venue. This Agreement and all amendments relating hereto shall be governed by and construed under the laws of the State of
Wisconsin without regard to principles of conflicts of law. Where applicable and except as otherwise defined herein or in the Note, terms used in this Agreement shall have the meanings given
them in the Wisconsin Commercial Code.

	Use of Headings. Any headings contained in this Agreement are for reference purposes only and shall not be considered in construing this
Agreement.

	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

	Severability. If any of the provisions of this Agreement shall be held invalid or unenforceable, this Agreement shall be construed as if not containing those
provisions and the rights and obligations of the Parties hereto shall be construed and enforced accordingly.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first set forth in this Agreement.
DEBTOR

S&W SEED COMPANY, 

a Nevada corporation

By  /s/ Matthew K. Szot

Name: Matthew K. Szot

Title: Chief Financial Officer

                                                                                  5

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 WI Security Agreement

   Page 6 of 11

SECURED PARTY

CONTERRA AGRICULTURAL CAPITAL, LLC, 

an Iowa limited liability company

By  /s/ Paul Erickson

Name: Paul Erickson

Title: President

 

   

   

   

   

                                                                                  6

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 WI Security Agreement

   Schedule 1

SCHEDULE 1

MACHINERY & EQUIPMENT

S& W Seed Company W 8131 State Hwy 60, Arlington, WI 53911

	
Item
	
Description

	
1
	
AED Unit

	
2
	
Alfalfa GH Exp - Lauer Rolling Benches

	
3
	
Alfalfa Harvester

	
4
	
Falc Rotary Tiller Model CS4-1800 (72")

	
5
	
Flail Mower

	
6
	
Flail Mower

	
7
	
Forage Harvester

	
8
	
Gooseneck Trailer, 83"x32'x4'

	
9
	
Hege 80 Plot Planter

	
10
	
Irrigation Pump

	
11
	
Kuhn Rototiller

	
12
	
Landpride FM1488 Flail Mower

	
13
	
LD180 Seed Thresher

	
14
	
Modine Heater Unit

	
15
	
Peristaltic Pump

	
16
	
Vicon Fertilizer Spreader

	
17
	
Backup Generator

	
18
	
Ferris Lawn Mower

	
19
	
Ford 1510 Diesel 4WD Tractor

	
20
	
Ford 1520 Tractor W/4WD

	
21
	
High Power Washer

	
22
	
Allegro Field PC

	
23
	
Allegro Field PC

	
24
	
Allegro Field PC

	
25
	
Allegro Field PC

	
26
	
Chemical Storage Cabinet

	
27
	
Drying Oven

	
28
	
Greenhouse Benches

	
29
	
Phone System

	
30
	
Autoclave

	
31
	
Centrifuge, Thermo Scientific Legend XT

	
32
	
Compound Microscope

	
33
	
Electronic Balance

	
34
	
Electronic Scale

	
35
	
Incubator

	
36
	
Lab Homogenizer

	
37
	
Laminar Flow Hood

	
38
	
Stereomicroscope System w/Light Source

	
39
	
ASC-3 Cleaner, stand & Side Funnel

	
40
	
Freeze Dryer

	
41
	
Greenhouse Shade Cloth

	
42
	
Growth Chamber

	
43
	
Homogenizer

	
44
	
Portable Dust Collection System

	
45
	
Seed Cleaner

	
46
	
Seed Thresher

	
47
	
Seed Thresher

	
48
	
Shaker & Platform

	
49
	
M8836 Kubota Tractor with Loader 

QuantSudio6, a qPCR/Real Time PCR Machine for Gene

	
50
	
Introgression and Selections

	
51
	
Life Technologies Corp-NanoDrop for QPCR Equipment

	
52
	
McFarlane Mfg. Co. Inc. - Landpride APSSP 1596 Snow Pusher 

	
Item
	
Description

	
53
	
Arlington Hardware Co. Inc. - Air Handler with 2 Ton Condensing Unit

	
54
	
Landpride APS1548 Seeder Ser# 870271

	
55
	
Golf Cart S/N 0330-303268

	
56
	
Golf Cart Used

	
57
	
Irrigation Handline

	
58
	
Irrigation Trailer

	
59
	
JD Grain Drill

	
60
	
JD Manure Spreader

	
61
	
Sprayer 55 Gal.

	
62
	
Sprayer 55 Gal.

	
63
	
Sprayer 55 Gal.

	
64
	
Garden Rototiller Husqvarna

	
65
	
Shop Air Compressor DeWalt

	
66
	
Diesel Fuel Tank And Cart

	
67
	
Small Kubota B2320

	
68
	
Massey Ferguson 1726E

	
69
	
Transplanter Old Style

	
70
	
Transplanter New Style

	
71
	
Field Cultivator

	
72
	
Deep Tiller

	
73
	
Cultipacker

	
74
	
Cultipacker

	
75
	
Barn Fan

	
76
	
Barn Fan

	
77
	
18' Trailer

	
78
	
Undercutter

	
79
	
Row Marker

	
80
	
Irrigation Wheel

	
81
	
Conviron Growth Chamber

	
82
	
Ice Maker

	
83
	
IsoTemp Lab Fridge

	
84
	
WWR Lab Fridge

	
85
	
Small Lab Fridge Revco

	
86
	
Manostat Hyprostatic Pump

	
87
	
Epson Projector

	
88
	
Stake Printer

	
89
	
Zebra Printer Stake Lab

	
90
	
Zebra Printer Seed Lab

	
91
	
Ricoh Copier Scanner

	
92
	
Air Compressor Seed Lab 12 Gal.

	
93
	
Seed Dryer VWR 1370F

	
94
	
Field Sample Fridge

	
95
	
Freezer Kenmore 12

	
96
	
Thresher Small Black

	
97
	
Computer & Networking Equipment (LOT)

S&W Seed Company

   Conterra Agricultural Capital, LLC

   R1028 WI Security Agreement

   Schedule 2

SCHEDULE 2

VEHICLES

 

	
Assest #
	
Class
	
State
	
Loc
	
Equipment Property Description
	
Purchase/In Service Date
	
Purchase Price
	
NBV 9/30/2017

	
13623
	
Pioneer
	
Wisconsin
	
Arlington
	
2013 F150 XLT VIN# 1FTFW1ET4DKE19187
	
12/31/2014
	
25,000
	
7,812

	
10252
	
Pioneer
	
Wisconsin
	
Arlington
	
2010 F550 XLT VIN# 1FDAW5GR6AEB43085
	
12/31/2014
	
27,000
	
8,438

	
13016
	
Pioneer
	
Wisconsin
	
Arlington
	
Farmall
	
12/31/2014
	
16,369
	
5,115

	
14731
	
Pioneer
	
Wisconsin
	
Arlington
	
Kubota
	
12/31/2014
	
19,612
	
14,708

   

   

Recording Requested By:

Conterra Agricultural Capital, LLC

After Recording Return To:

Conterra Agricultural Capital, LLC

                   7755 Office Plaza Dr. North, Suite 195

                   West Des Moines, IA 50266

                   Sarah Streeter

[Space Above This Line For Recording Data]

DEED OF TRUST

Security Agreement, Assignment of Rents and Fixture Filing

DEFINITIONS

Words used in multiple sections of this document are defined below and other words are defined in
certain Sections of this document. Certain rules regarding the usage of words used in this document are also provided in Section 13.

(A)"Security Instrument" means this document, which is dated November 30, 2017, together with
all Riders to this document.

(B)"Borrower" is Seed Holding, LLC, a Nevada limited liability company. Borrower is the
trustor under this Security Instrument. Borrower's address is 106 K Street, Suite 300, Sacramento, CA 95814.

(C)"Lender" is Conterra Agricultural Capital, LLC. Lender is a limited liability
company organized and existing under the laws of Iowa. Lender's address is 7755 Office Plaza Dr. North, Suite 195 West Des
Moines, IA 50266. Lender is the beneficiary under this Security Instrument.

(D)"Trustee" is First American Title and Escrow Company.

(E)"Note" means the promissory note signed by Borrower and dated November 30, 2017. The Note
states that Borrower owes Lender Ten Million Four Hundred Thousand and 00/100 Dollars (U.S.$10,400,000.00) plus interest.
Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than January 1, 2021.

(F)"Property" means the property that is described below under the heading "Transfer of Rights
in the Property."

(G)"Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late
charges due under the Note, and all sums due under this Security Instrument, plus interest.

(H)"Riders" mean all Riders to this Security Instrument that are executed by Borrower. The following
Riders are to be executed by Borrower [check box as applicable]:

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  1

	
 ̈
Irrigation Equipment Rider

 ̈
Adjustable Rate Rider

 ̈
Mortgage Insurance Rider
	
 ̈
Water Rights Rider

 ̈
Permitted Prior Encumbrance Rider

ý
Financial Information and Covenants Rider

	
ý
Other(s):CrossDefaultRider, Cross

Collateralization Rider
	 

(I)"Applicable Law" means all controlling applicable federal, state and local statutes,
regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable
judicial opinions.

(J)"Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic
tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited
to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
clearinghouse transfers.

(K)"Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
by any third party (other than insurance proceeds paid under the coverages described in Section 4) for: (1) damage to, or destruction of,
the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
misrepresentations of, or omissions as to, the value and/or condition of the Property.

(L)"Periodic Payment" means the regularly scheduled amount due for principal and interest under the
Note.

(M)"Successor in Interest of Borrower" means any party that has taken title to the Property, whether
or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument.

TRANSFER OF RIGHTS IN THE PROPERTY

This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
modifications of the Note; and (ii)the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For
this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
the County [Type of Recording Jurisdiction] of Fresno [Name of
Recording Jurisdiction]:

SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF.

which currently has the address of :

Agricultural Land and Seed Processing Facilities

Fresno County, California

("Property Address"):

subject only to those matters set forth in the Permitted Prior Encumbrance Rider, if said rider is attached (hereafter
"Permitted Prior Encumbrances");

TOGETHER WITH all buildings, improvements, fixtures and permanent plantings located therein or thereon or
appurtenant thereto, and all additions, replacements, and improvements hereafter made thereto or placed therein or thereon; all rights-of-way,
easements, rents, issues, profits, income, proceeds and general intangibles there from, tenements, hereditaments, remainders,
reversions, privileges and appurtenances thereunto belonging, however evidenced which are used or enjoyed in connection with the real
property now or hereafter owned or belonging to the same or which hereafter may be acquired and so used or enjoyed;

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  2

TOGETHER WITH water and water rights now owned or hereafter acquired by Borrower and howsoever evidenced,
including but not limited to any water rights specifically described in the Water Rights Rider if said rider is attached hereto, whether
such water and water rights are riparian, appropriative or otherwise and whether or not appurtenant to the real property, along with all
ditch and ditch rights and any shares of stock, licenses, permits and contracts evidencing such water or ditch rights, and all wells,
reservoirs, dams, embankments or fixtures relating thereto;

TOGETHER WITH all personal property, including all windmills, pumps, irrigation equipment, motors, engines, and
devices of every kind now or hereafter used for or in connection with the irrigation of the real property, or for stock watering or domestic
purposes thereon, which are owned by Borrower and which are located on the real property in Fresno County, California, described above
together with all additional accessions, replacements, improvements, repairs and substitutions to said property and the proceeds thereof and
all other fixtures now or hereafter located upon the real property, all of which are declared to be appurtenant to said real property, or
incident to the ownership thereof, or used in connection therewith;

TOGETHER WITH all judgments, awards of damages, settlements and payments or security (i) hereafter made as a
result of or in lieu of any taking of all or any part of the real property under the power of eminent domain or for any damage to the real
property and/or the improvements located thereon, or any part thereof, and (ii) hereafter made for any damage to the real property and/or
the improvements located thereon, or any part thereof resulting from exercise of or attempted exercise of mining rights or claims, however
reserved or asserted, and resulting from the disturbance of any of the surface of the real property. Borrower does hereby covenant and agree
that Borrower will not give such consent as may be required of the owner for mining or other surface disturbance by the terms of any patent,
deed, statute, law or otherwise, without the prior written consent of Lender;

TOGETHER WITH all proceeds of and any unearned premiums on any insurance policies covering the real property
and/or the improvements located thereon, including, without limitation, the right to receive and apply the proceeds of any insurance
judgments, or settlements made in lieu thereof, for damage to the real property and/or the improvements located thereon or the indebtedness
secured thereby;

TOGETHER WITH all contract rights, chattel paper, documents, accounts and general intangibles, rights to
performance, entitlement to payment in cash or in kind, or any other benefits under any current or future governmental program which pertain
to the real property, whether now or hereafter existing or acquired;

TOGETHER WITH all cash and noncash proceeds of the conversion, voluntary or involuntary, of any of the
foregoing;

TOGETHER WITH any and all of Borrower's right, title, and/or interest in any and all system memberships and/or
ownership certificates in any non-municipal water sewer systems now or in the future serving said property.

All replacements and additions shall also be covered by this Security Instrument.

All of the foregoing is referred to in this Security Instrument as the "Property."

For clarity, notwithstanding the foregoing or any other provision of this Security Instrument, the Property shall
specifically exclude (a) all Collateral as defined in the Security Agreement, dated November 30, 2017, by and between Lender and S&W
Seed Company granting Lender a security interest in such Collateral located in California and securing that certain promissory note entered
into by S&W Seed Company in the amount of $2,100,00.00 in favor of Lender (Loan # R1028) and (b) all seed or other products produced,
processed or stored on the Property.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  3

BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey
the Property and that the Property is unencumbered, except for encumbrances of record and specifically those permitted prior encumbrances,
if any, set forth in the Permitted Prior Encumbrances Rider if said rider is attached to this Security Instrument. Borrower warrants and
will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.

THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by
jurisdiction to constitute a uniform security instrument covering real property, fixtures, and certain personal property.

UNIFORM COVENANTS.  Borrower and Lender covenant and agree as follows:

1.Payment of Principal, Interest, Prepayment Charges, Yield Maintenance Premiums and Late Charges. Borrower
shall pay when due the principal of, and interest on, the debt evidenced by the Note and any yield maintenance premiums, any prepayment
charges and late charges due under the Note. Payments due under the Note and this Security Instrument shall be made in U.S. currency.
However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender
unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the
following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d)
Electronic Funds Transfer.

Payments are deemed received by Lender when received at the location designated in the Note or at such other location as
may be designated by Lender in accordance with the notice provisions in Section 12. Lender may return any payment or partial payment if the
payment or partial payment is insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring
the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payment in the future,
but Lender is not obligated to apply such payments at the time such payments are accepted Lender may hold such unapplied funds until
Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply
such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the
Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve
Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this
Security Instrument.

2.Application of Payments or Proceeds. Unless required by Applicable Law, payments will be applied first to
accrued unpaid interest, then second to principal, third to advances under this Security Instrument, and finally to late charges. Such
payments shall be applied to each Periodic Payment in the order in which it became due.

If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay
any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is
outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each
payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic
Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and
then as described in the Note.

Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not
extend or postpone the due date, or change the amount, of the Periodic Payments.

3.Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any.

Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees
in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing
such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's
opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded;
or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give
Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take
one or more of the actions set forth above in this Section 3.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  4

Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by
Lender in connection with this Loan.

4.Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including
deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the
term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove
Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan,
either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone
determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect
such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency
Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower.

If Borrower fails to maintain any of the coverages described above, such failure shall constitute a default under the
terms of this Security Instrument and the Loan. Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is
under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might
not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, Ward or liability and might
provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained
might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 4
shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the
date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.

All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove
such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall
have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of
paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or
destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an
additional loss payee.

In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of
loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the
underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is
economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold
such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's
satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a
single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law
requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall
be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the
insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid
to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  5

If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then
Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the
Property under Section 25 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not
to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any
refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to
the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under
the Note or this Security Instrument, whether or not then due.

5.Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or
impair the Property, allow the Property to deteriorate or commit waste on the Property. Borrower shall maintain the Property in order to
prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 4 that
repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or
damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be
responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for
the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or
condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the
completion of such repair or restoration.

Borrower will operate the Property in a good and workmanlike manner and in accordance with all Applicable Law and will
pay all fees and charges of any kind in connection therewith. Borrower will use good farming and animal husbandry practices.

Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender
may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior
inspection specifying such reasonable cause.

6.Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower
or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or
inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan.

7.Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower
fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might
significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy,
probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce
laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to
protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the
Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a
lien which has priority over this Security Instrument; (b) appearing in court; (c) paying reasonable attorneys' fees to protect its interest
in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding, (d) perform any
farming operations related to the planting, growing, maintenance, and harvesting of crops located on the Property, and (e) perform any
ranching operations related to any animals located on the Property. Securing the Property includes, but is not limited to, entering the
Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code
violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 7, Lender does
not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all
actions authorized under this Section 7. Lender may perform these or any other actions it deems necessary in Lender's sole discretion to
preserve the value of the Property, and/or assign to others the right to do same on behalf of Lender. Lender may make advances under this
security instrument or other instrument providing security for the Note, to protect the Lender's interest in this security instrument or
other instrument providing security for the Note from loss of value or damage. Any money so advanced (including reasonable costs of recovery
and attorneys' fees) plus interest at the default rate indicated in the Note shall become an obligation due and owing under the terms of the
Note immediately upon the date advanced by Lender and is an obligation of the Borrower secured by the security instrument or other
instrument providing security for the Note.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  6

Any amounts disbursed by Lender under this Section 7 shall become additional debt of Borrower secured by this Security
Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon
notice from Lender to Borrower requesting payment.

If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. Borrower shall
not surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease. Borrower shall not, without the
express written consent of Lender, alter or amend the ground lease. If Borrower acquires fee title to the Property, the leasehold and the
fee title shall not merge unless Lender agrees to the merger in writing.

8.Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and
shall be paid to Lender.

If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the
restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender
shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has
been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and
restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or
Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or
earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened,
the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if
any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2.

In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be
applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.

In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of the sums secured by
this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in
writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the
following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided by
(b) the fair market value of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to
Borrower.

In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before
the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall
be applied to the sums secured by this Security Instrument whether or not the sums are then due.

If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined
in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days after the
date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the
Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that
owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds.

Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment,
could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security
Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 16, by causing the action
or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of
Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are
attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender,

All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order
provided for in Section 2.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  7

9.Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification
of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall
not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence
proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the
sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower.
Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third
persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude
the exercise of any right or remedy.

10.Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that
Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not
execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's
interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this
Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with
regard to the terms of this Security Instrument or the Note without the co-signer's consent.

Subject to the provisions of Section 15, any Successor in Interest of Borrower who assumes Borrower's obligations under
this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security
Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to
such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 17) and benefit
the successors and assigns of Lender.

11.Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default,
for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to,
attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security
Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge
fees that are expressly prohibited by this Security Instrument or by Applicable Law.

If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest
or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge
shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which
exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note
or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by
direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge.

12.Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in
writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by
first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute
notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be 106 K Street, Suite 300, Sacramento,
CA 95814, unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of
Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a
change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any
one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless
Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to
have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under
Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  8

13.Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal
law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are
subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by
contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that
any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other
provisions of this Security Instrument or the Note which can be given effect without the conflicting provision.

As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words
or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word
"may" gives sole discretion without any obligation to take any action.

14.Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument.

15.Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 15, "Interest
in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests
transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of
title by Borrower at a future date to a purchaser.

If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a
natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require
immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such
exercise is prohibited by Applicable Law.

If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of
not less than 30 days from the date the notice is given in accordance with Section 12 within which Borrower must pay all sums secured by
this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies
permitted by this Security Instrument without further notice or demand on Borrower.

16.Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have
the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of
the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for
the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that
Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred;
(b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including,
but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of
protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably
require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the
sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and
expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency,
instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations
secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case
of acceleration under Section 15.

17.Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note
(together with this Security Instrument) can be sold one or more times without prior notice to Borrower.

Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or
the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges that the other party
has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other
party (with such notice given in compliance with the requirements of Section 12) of such alleged breach and afforded the other party hereto
a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse
before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of
acceleration and opportunity to cure given to Borrower pursuant to Section 25 and the notice of acceleration given to Borrower pursuant to
Section 15 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 17.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  9

18.Hazardous Substances. As used in this Section 18: (a) "Hazardous Substances" are those substances
defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other
flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde,
and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located
that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial
action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition" means a condition that can cause,
contribute to, or otherwise trigger an Environmental Cleanup.

Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Ha7_ardous Substances, or
threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting
the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due to the
presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two
sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally
recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous
substances in consumer products).

Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by
any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which
Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or
threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which
adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private
party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take
all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an
Environmental Cleanup. Borrower agrees to indemnify and hold Lender free and harmless from and against all loss, costs (including attorneys'
fees and costs), damage (including consequential damages), and expenses Lender may sustain by reason of the assertion against Lender by any
third-party of any claim in connection with Hazardous Substances on, in or affecting the Property. Borrower further agrees that Lender shall
have the right to join and participate in, as a party if it so elects, any legal proceedings or actions initiated in connection with any
claims related to Hazardous Substances on, in or affecting the Property, and shall pay any such attorney fees and expenses Lender incurs in
connection therewith.

19.Additional Property Subject To The Security instrument. This Security Instrument also constitutes a
security agreement within the meaning of the Uniform Commercial Code as adopted in the State of California (the "UCC"). In
addition to the Property described in the Security Instrument, the following items now or hereafter attached to the Property to the extent
they are fixtures are added to the Property description, and shall also constitute the Property covered by the Security Instrument:
building materials, appliances and goods of every nature whatsoever now or hereafter located in, on, or used, or intended to be used in
connection with the Property. including, but not limited to. those for the purposes of supplying or distributing heating, cooling,
electricity, gas, water, air and light, fire prevention and extinguishing apparatus, security and access control apparatus, plumbing, bath
tubs, water heaters, water closets,  sinks. ranges, stoves, refrigerators, dishwashers, disposals, washers, dryers, awnings, storm windows,
storm doors,  screens, blinds, shades, curtains and curtain rods, attached mirrors, cabinets, paneling, attached floor coverings,
irrigation pipes and pumps, livestock fencing and pens, windmills and related equipment and pumps and specifically: All water and water
rights now owned or hereafter acquired by Debtor and howsoever evidenced, whether such  water and water rights are riparian, appropriative
or otherwise and whether or not appurtenant to the real estate described herein, all ditch/pond and ditch/pond rights and any shares of
stock, licenses, permits and contracts evidencing such water or ditch rights, and all wells, reservoirs, dams, embankments or fixtures
relating thereto, along with all replacements, substitutions, accessions thereto and proceeds derived therefrom.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  10

All irrigation equipment of every kind and nature, including but not limited to center irrigation pivots, pumps, pvc
pipe, sprinklers, motors, well equipment, pumps and power units, now owned or hereafter acquired by Debtor and now or hereafter located and
situated on the real estate described herein, along with all replacements, substitutions, accessions thereto and proceeds derived therefrom.

All Seed Processing Equipment., all of which, including replacements and additions thereto, shall be deemed to be
and remain a part of the Property covered by the Security Instrument. All of the foregoing together with the Property described in the
Security Instrument (or the leasehold estate if the Security Instrument is on a leasehold) are referred to in this Security Instrument as
the "Property."

20.Fixture Filing. This Security Instrument constitutes a "fixture filing" for the purposes of the
UCC against all of the Property which is or is to become fixtures per the UCC.

21.Use of Property; Compliance With Law. Borrower shall not seek, agree to or make a change in the use of the
Property or its zoning classification, unless Lender has agreed in writing to the change. Borrower shall comply with all laws, ordinances,
regulations and requirements of any governmental body applicable to the Property.

22.Assignment of Leases. Upon Lender's request after default, Borrower shall assign to Lender all leases of
the Property and all security deposits made in connection with leases of the Property. Upon the assignment, Lender shall have the right to
modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in this paragraph, the word
"lease" shall mean "sublease" if the Security Instrument is on a leasehold.

23.Assignment of Rents; Appointment of Receiver; Lender In Possession. Specifically excepting any receipts or
revenues Borrower receives from the sale of seed or other products produced, processed or stored at Borrower facilities on the Property,
Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenues ("Rents") of the Property,
regardless of to whom the Rents of the Property are payable. Borrower authorizes Lender or Lender's agents to collect the Rents, and agrees
that each tenant of the Property shall pay the Rents to Lender or Lender's agents. However, Borrower shall receive the Rents until (i)
Lender has given Borrower notice of default pursuant to Sections 12 and 25 of the Security Instrument and (ii) Lender has given notice to
the tenant(s) that the Rents are to be paid to Lender or Lender's agent. This assignment of Rents constitutes an absolute assignment and not
an assignment for additional security only.

If Lender gives notices of default to Borrower: (i) all Rents received by Borrower shall be held by Borrower as trustee
for the benefit of Lender only, to be applied to the sums secured by the Security Instrument; (ii) Lender shall be entitled to collect and
receive all of the Rents of the Property; (iii) Borrower agrees that each tenant of the Property shall pay all Rents due and unpaid to
Lender or Lender's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides otherwise, all Rents collected by
Lender or Lender's agents shall be applied first to the costs of taking control of and managing the Property and collecting the Rents,
including, but not limited to, attorneys' fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs, insurance
premiums, taxes, assessments and other charges on the Property, and then to the sums secured by the Security Instrument; (v) Lender,
Lender's agents or any judicially appointed receiver shall be liable to account for only those Rents actually received; and (vi) Lender
shall be entitled to have a receiver appointed to take possession of and manage the Property and collect the Rents and profits derived from
the Property without any showing as to the inadequacy of the Property as security.

If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the Property and of
collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Borrower to Lender secured by the Security
Instrument pursuant to Section 7 of the Security Instrument.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  11

Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not performed,
and will not perform, any act that would prevent Lender from exercising its rights under this paragraph.

Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take control of or
maintain the Property before or after giving notice of default to Borrower. However, Lender, or Lender's agents or a judicially appointed
receiver, may do so at any time when a default occurs. Any application of Rents shall not cure or waive any default or invalidate any other
right or remedy of Lender. This assignment of Rents of the Property shall terminate when all the sums secured by the Security Instrument are
paid in full.

24.Cross-Default Provision. Borrower's default or breach under any note or agreement in which Lender has an
interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the Security Instrument.

NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:

25.Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach
of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 15 unless Applicable Law provides
otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from
the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date
specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice
shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence
of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the
notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand
and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses
incurred in pursuing the remedies provided in this Section 25, including, but not limited to, reasonable attorneys' fees and costs of title
evidence.

If Lender invokes the power of sale, Lender shall execute or cause Trustee to execute a written notice of the occurrence
of an event of default and of Lender's election to cause the Property to he sold. Trustee shall cause this notice to be recorded in each
county in which any part of the Property is located. Lender or Trustee shall mail copies of the notice as prescribed by Applicable Law to
Borrower and to the other persons prescribed by Applicable Law. Trustee shall give public notice of sale to the persons and in the manner
prescribed by Applicable Law. After the time required by Applicable Law, Trustee, without demand on Borrower, shall sell the Property at
public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and
in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place
of any previously scheduled sale. Lender or its designee may purchase the Property at any sale.

Trustee shall deliver to the purchaser Trustee's deed conveying the Property without any covenant or warranty, expressed
or implied. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall
apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable Trustee's
and attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to
it.

26.Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to
Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Lender may charge such person
or persons a reasonable fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services
rendered and the charging of the fee is permitted under Applicable Law. If the fee charged does not exceed the fee set by Applicable Law,
the fee is conclusively presumed to be reasonable.

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  12

27.Substitute Trustee. Lender, at its option, may from time to time appoint a successor trustee to any Trustee
appointed hereunder by an instrument executed and acknowledged by Lender and recorded in the office of the Recorder of the county in which
the Property is located. The instrument shall contain the name of the original Lender, Trustee and Borrower, the book and page where this
Security Instrument is recorded and the name and address of the successor trustee. Without conveyance of the Property, the successor trustee
shall succeed to all the title, powers and duties conferred upon the Trustee herein and by Applicable Law. This procedure for substitution
of trustee shall govern to the exclusion of all other provisions for substitution.

28.Statement of Obligation Fee. Lender may collect a fee not to exceed the maximum amount permitted by
Applicable Law for furnishing the statement of obligation as provided by Section 2943 of the Civil Code of California.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any
Rider executed by Borrower and recorded with it.

Seed Holding, LLC, a Nevada limited liability

company

S&W Seed Company, a Nevada corporation, its Sole 

Member
;/s/ Matthew K. Szot11/30/17

Signature                     Date

Matthew K. Szot, Executive Vice President of

Finance and Administration and CFO                  [Sign Originals Only]

 

 

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  13

	
A notary public or other officer completing this certificate verifies only the identity of the individual
who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

STATE OF CALIFORNIA)

                )

COUNTY OF        San Diego)

On this 30th day of    November   , 2017, before me,
   Candelario Resendez   , personally appeared Matthew K. Szot, Executive Vice President of
Finance and Administration and CFO of S&W Seed Company, Sole Member of Seed Holding, LLC, on behalf of said corporation, who proved
to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that
he executed the same in his authorized capacity, and that by his signature on the instrument the entities upon behalf of which the person
acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and
correct.
WITNESS my hand and official seal.

   Candelario Resendez

          Signature

             (Seal)

   

	
California--uniform instrument
	
Form 5000.05 4/23/07

                                                                                  14

LEGAL DESCRIPTION

Real property in the unincorporated area of the County of Fresno, State of
California, described as follows:

A PORTION OF THAT PARCEL OF LAND GRANTED IN THAT DOCUMENT RECORDED JANUARY 5, 2005, AS DOCUMENT NO.
2005-0003134, OF FRESNO COUNTY RECORDS, LOCATED IN THE SOUTHWEST QUARTER OF SECTION 17, TOWNSHIP 18 SOUTH, RANGE 17 EAST, MOUNT DIABLO BASE
AND MERIDIAN, ACCORDING TO THE OFFICIAL PLAT THEREOF, DESCRIBED AS FOLLOWS:

BEGINNING AT THE SOUTHWEST CORNER OF PARCEL 1 OF PARCEL MAP NO. 7942, RECORDED IN BOOK 66 OF PARCEL MAPS, AT PAGE 21, OF FRESNO COUNTY
RECORDS, LOCATED IN THE NORTHWEST QUARTER OF SECTION 17, TOWNSHIP 18 SOUTH, RANGE 17 EAST, MOUNT DIABLO BASE AND MERIDIAN, IN THE COUNTY OF
FRESNO, STATE OF CALIFORNIA; THENCE NORTH 88° 43' 48" EAST ALONG THE SOUTH LINE OF SAID PARCEL 1, A DISTANCE OF 291.46 FEET;
THENCE SOUTH 01° 12' 28" EAST ALONG SAID SOUTH LINE, 272.85 FEET; THENCE NORTH 89° 03' 13" EAST ALONG SAID SOUTH LINE, 172.72
FEET, TO THE SOUTHEAST CORNER OF SAID PARCEL 1; THENCE CONTINUING NORTH 89° 03' 13" EAST, 43.58 FEET; THENCE SOUTH 00° 56' 47"
EAST, 35.73 FEET; THENCE NORTH 89° 03' 13" EAST, 23.00 FEET; THENCE SOUTH 01° 48' 15" EAST, 27730 FEET; THENCE SOUTH 88° 55'
15" WEST, 7.00 FEET; THENCE SOUTH 01° 48' 15" EAST, 64.19 FEET; THENCE SOUTH 48° 56' 59" WEST, 31.65 FEET; THENCE SOUTH 88°
55' 15" WEST, 57.95 FEET; THENCE SOUTH 01° 08' 03" EAST, 161.40 FEET; THENCE SOUTH 88° 55' 15" WEST, 57.95 FEET; THENCE SOUTH
01° 08' 03" EAST, 187.50 FEET; THENCE SOUTH 88° 55' 15" WEST, 96.00 FEET, TO THE EASTERLY LINE OF PARCEL 4 OF SAID PARCEL MAP NO.
7942; THENCE NORTH 01° 08' 03" WEST ALONG SAID EASTERLY LINE, 430.01 FEET, TO THE NORTHEAST CORNER OF SAID PARCEL 4; THENCE NORTH 88°
36' 41" WEST ALONG THE NORTH LINE OF SAID PARCEL 4, A DISTANCE OF 300.62 FEET, TO THE NORTHWEST CORNER OF SAID PARCEL 4 AND THE WEST
LINE OF SOUTHWEST QUARTER OF SAID SECTION 17; THENCE NORTH 00° 17' 10" WEST ALONG SAID WEST LINE, 575.95 FEET, TO THE POINT OF
BEGINNING;

THIS LEGAL DESCRIPTION IS MADE PURSUANT TO THAT CERTAIN CERTIFICATE APPROVING A LOT LINE ADJUSTMENT NO. PLA 15-16(A), RECORDED AUGUST 17,
2017 AS INSTRUMENT NO. 17-102967 OF OFFICIAL RECORDS.

EXCEPTING `THEREFROM ALL OIL, GAS, ASPHALTUM AND OTHER HYDROCARBON SUBSTANCES AND MINERALS UNDERLYING SAID LAND, AS RESERVED IN THE DEED
FROM LAND CORPORATION CO., LTD., A CORPORATION, RECORDED NOVEMBER 2, 1938, IN BOOK 1711, PAGE 198 OF OFFICIAL RECORDS.

(APN: 060-100-80-S AND A PORTION OF APN: 060-100-79-S)

   

   

   

CROSS COLLATERALIZATION RIDER

Loan # R1036

THIS CROSS COLLATERALIZATION RIDER is made this November 30, 2017, and is incorporated
into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the
same date, given by the undersigned (the "Borrower") to secure Borrower's Note to Conterra Agricultural Capital, LLC (the

"Lender") of the same date and covering the Property described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

Fresno County, CA

[Property Address]

In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and
agree that on the date hereof the following other loans have been entered into:

	
Borrowers/Co-Signers' Names
	
Date
	
Loan Amount/Loan No.

	
S&W Seed Company
	
11/30/2017
	
$2,100,000.00/R1028

each of which is evidenced by a separate promissory note (the "Other Notes"), and each of which is secured by a
separate Security Agreement (the "Other Security Instruments"). It is agreed that in addition to Borrower's Note, this Security
Instrument secures the obligations, debts, and liabilities evidenced by the Other Notes and Other Security Instruments referenced herein,
plus interest thereon, which is payable by Grantor to Lender.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Cross Collateralization Rider.

   

   

   

	
Cross-Collaterization Rider
	
 

                                                                                  1

 

Seed Holding, LLC, a Nevada limited liability

company

S&W Seed Company, a Nevada corporation, its

Sole Member
   /s/ Matthew K. Szot11/30/17

SignatureDate

Matthew K. Szot, Executive Vice President of

Finance and Administration and CFO[Sign Originals Only]

   

   

   

	
Cross-Collaterization Rider
	
 

                                                                                  2

CROSS DEFAULT RIDER

Loan # R1036

THIS CROSS DEFAULT RIDER is made this November 30, 2017, and is incorporated into and
shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same
date, given by the undersigned (the "Borrower") to secure Borrower's Note to Conterra Agricultural Capital, LLC (the
"Lender") of the same date and covering the Property described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

Fresno County, CA

[Property Address]

In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and
agree that on the date hereof the following other loans have been entered into:

	
Borrowers/Co-Signers' Names
	
Date
	
Loan Amount/Loan No.

	
S&W Seed Company
	
11/30/2017
	
$2,100,000.00/R1028

each of which is evidenced by a separate promissory note (the "Other Notes"), and each of which is
secured by a separate Security Agreement (the "Other Security Instruments"). It is agreed that any default under this Security
Instrument or this Note shall be deemed a default under the Other Notes and Other Security Instruments; and any default under any or all of
the Other Notes or Other Security Instruments shall be deemed to be a default under this Note and this Security Instrument.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Cross Collateralization Rider.

   

   

   

	
MULTISTATE CROSS DEFAULT RIDER
	
 

                                                                                  1

 

 

Seed Holding, LLC, a Nevada limited liability

company

S&W Seed Company, a Nevada corporation, its

Sole Member
   /s/ Matthew K. Szot11/30/17

SignatureDate

Matthew K. Szot, Executive Vice President of

Finance and Administration and CFO[Sign Originals Only]

   

   

   

	
MULTISTATE CROSS DEFAULT RIDER
	
 

                                                                                  2

FINANCIAL INFORMATION AND COVENANTS RIDER

Loan # R1036

THIS FINANCIAL INFORMATION AND COVENANTS RIDER (this "Rider") is made this
Thirtieth day of November, 2017, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of
Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to
secure Borrower's Note to Conterra Agricultural Capital, LLC (the "Lender") of the same date and covering the Property
described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

Fresno County, CA

[Property Address]

FINANCIAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and
Lender further covenant and agree that Borrower will prepare and maintain Borrower's financial records using consistently applied generally
accepted accounting principles then in effect. Borrower will provide Lender with financial information in a form reasonably acceptable to
Lender and under the following terms:

(If "X"ed the following terms are agreed to.)

ý
Frequency.  Annually, Borrower will provide to Lender Borrower's financial statements, tax returns, annual
internal audit reports or those prepared by independent accountants within 90 days after the close of each fiscal year. Any annual financial
statements that Borrower provides will be reviewed statements.

 ̈
Interim Financial Reports.  Borrower will provide Lender with interim financial reports on a basis, and
within 0 days after the close of this business period. Interim financial statements will be statements.

 ̈
Requested Information.  Borrower will provide Lender with any other information about Borrower's
operations, financial affairs and condition within 0 days after Lender's request.

 ̈
Leverage Ratio.  Borrower will maintain at all times a ratio of total liabilities to tangible net worth,
determined under consistently applied generally accepted accounting principles, of 0.000 to 1.0 (Total Liabilities to Tangible Net
Worth Ratio) or less.

 ̈
Minimum Tangible Net Worth. Borrower will maintain at all times a total tangible net worth, determined

   

   

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER--

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

                                                                                  1

under consistently applied generally accepted accounting principles, of $0.00 (Minimum Tangible Net Worth) or
more. Tangible net worth is the amount by which total assets exceed total liabilities. For determining tangible net worth, total assets will
exclude all intangible assets, including without limitation goodwill, patents, trademarks, trade names, copyrights, and franchises, and will
also exclude any accounts receivable that do not provide for a repayment schedule.

 ̈
Minimum Current Ratio.  Borrower will maintain at all times a ratio of current assets to current liabilities,
determined under consistently applied generally accepted accounting principles, of 0 to 1.0 (Minimum Current Ratio) or more.

 ̈
Minimum Working Capital.  Borrower will maintain at all times a working capital, determined under
consistently applied generally accepted accounting principles by subtracting current liabilities from current assets, of
$0.00 (Minimum Working Capital) or more. For this determination, current assets exclude (Excluded Current Assets.). Likewise,
current liabilities include (1) all obligations payable on demand or within on year after the date on which the determination is made, and
(2) final maturities and sinking fund payments required to be made within one year after the date on which the determination is made,
but exclude all liabilities or obligations that Borrower may renew or extend to a date more than one year from the date of this
determination.

ý
EBITDA.  Adjusted EBITDA/Total Annual Debt Payments no less than 1.30x (measured annually on
Borrower's fiscal year basis and calculated based on Borrower's financial statements delivered 90 days after fiscal year end).

ý
Debt to Asset Ratio. Debt to Asset Ratio shall not be greater than 60% (measured annually as of the
end of Borrower's fiscal year and calculated based Borrower's financial statements delivered 90 days after fiscal year end).

Capitalized terms used, but not defined, in this Rider have the respective meanings set forth in annex A hereto.

All determinations of Borrower's compliance with the foregoing covenants will be made exclusively by reference to Borrower's financial
statements delivered pursuant hereto.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Financial Information and
Covenants Rider.

   

   

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER--

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

                                                                                  2

S&W Seed Company, a Nevada corporation
   /s/ Matthew K. Szot11/30/17

SignatureDate

Matthew K. Szot, Chief Financial Officer[Sign Originals Only]

   

   

   

   

   

   

   

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER--

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

                                                                                  3

ANNEX A

As used in this Rider, the following terms have the following meanings:

"Adjusted EBITDA" means, for any fiscal year of Borrower, the result of (a) Borrower's Consolidated Net Earnings for such
fiscal year plus, without duplication, the aggregate amounts deducted in determining such Consolidated Net Earnings in respect of (i)
Consolidated Interest Expense, (ii) Consolidated Income Tax Expense, (iii) Consolidated Depreciation and Amortization Charges, (iv) non-
recurring separation charges, (v) non-recurring reserve for uncollectible sublease and stand establishment receivables, (vi) non-cash
expenses incurred in connection with stock-based compensation, (vii) non-rash expenses incurred in connection with amortization of debt
discount, and (viii) non-cash expenses incurred prior to December 31, 2017 in connection with derivative warrant liability; minus (b) to the
extent included in Consolidated Net Earnings for such period, non-cash gains incurred prior to December 31, 2017 in connection with
derivative warrant liability.

"Consolidated" means the resultant consolidation of the financial statements of Borrower and its subsidiaries in accordance
with generally accepted accounting principles in the United States, including principles of consolidation consistent with those applied in
preparation of the financial statements delivered by Borrower pursuant to this Rider.

"Consolidated Depreciation and Amortization Charges" means, for any fiscal year of Borrower, the aggregate of all depreciation
and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of Borrower for
such period, as determined on a Consolidated basis.

"Consolidated Income Tax Expense" means, for any fiscal year of Borrower, all provisions for taxes based on the gross or net
income of Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), as
determined on a Consolidated basis.

"Consolidated Indebtedness" means, as of the end of any fiscal year of Borrower, the total Indebtedness of Borrower as of such
date, as determined on a Consolidated basis.

"Consolidated Interest Expense" means, for any fiscal year of Borrower, the interest expense of Borrower for such fiscal year,
as determined on a Consolidated basis.

"Consolidated Net Earnings" means, for any fiscal year of Borrower, the net income (loss) of Borrower for such fiscal year, as
determined on a Consolidate basis.

"Consolidated Total Assets" means, as of the end of any fiscal year of Borrower, the total assets of Borrower as of such date,
as determined on a Consolidated basis.

"Debt to Asset Ratio" means, as of the end of any fiscal year of Borrower, the ratio of (a) Consolidated Indebtedness to (b)
Consolidated Total Assets.

"Indebtedness" means, without duplication, (a) all obligations to repay borrowed money, direct or indirect, incurred, assumed,
or guaranteed, (b) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in
the ordinary course of business), (c) all obligations under conditional sales or other title retention agreements, (d) all obligations
(contingent or otherwise) under any letter of credit or banker's acceptance, (e) all net obligations under any currency swap agreement,
interest rate swap, cap, collar or floor agreement or other interest rate management device, (f) all synthetic leases, (g) all capitalized
lease obligations, (h) all obligations of Borrower with respect to asset securitization financing programs, (i) all obligations to advance
funds to, or to purchase assets, property or services from, any other person or entity in order to maintain the financial condition of such
person or entity, (j) all indebtedness of the types referred to in subparts (a) through (I) above of any partnership or joint venture (other
than a joint venture that is itself a corporation or limited liability company) in which Borrower is a general partner or joint venturer,
unless such indebtedness is expressly made non-recourse to Borrower, (k) any other transaction (including forward sale or purchase
agreements) having the commercial effect of a borrowing of money entered into by Borrower to finance its operations or capital requirements,
and (I) any guaranty of any obligation described in subparts (a) through (k) above.

"Total Annual Debt Payments" means, for any fiscal year of Borrower, the aggregate, without duplication, of (a) Borrower's
Consolidated Interest Expense paid in cash for such fiscal year, and (6) Borrower's principal payments on Consolidated Indebtedness paid in
cash for such fiscal year, excluding, in each case, (i) payments of principal under the Credit and Security Agreement, dated as of September
22, 2015, between Borrower and KeyBank National Association, as amended from time to time, or any replacement facility therefore, (ii)
payments of principal under any working capital line of credit maintained by Borrower's Seed Genetics International Pty Ltd subsidiary and
(iii) payments of principal that certain Promissory Note dated December 31, 2014 made by Borrower in favor and for the benefit of Pioneer
Hi-Bred International, inc., as amended from time to time,

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER--

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

                                                                                  4

   

   

After Recording Return To:

                   Conterra Agricultural Capital, LLC

                   7755 Office Plaza Dr. North, Suite 195

                   West Des Moines, IA 50266

                   Sarah Streeter

   

   

   

   

[Space Above This Line For Recording Data]

DEED OF TRUST

Security Agreement, Assignment of Rents and Fixture Filing

DEFINITIONS

Words used in multiple sections of this document are defined below and other words are defined in certain Sections of this document.  Certain rules regarding the
usage of words used in this document are also provided in Section 13.

(A)"Security Instrument" means this document, which is dated November 30, 2017, together with all Riders to this document.

(B)"Borrower" is S&W Seed Company, a Nevada corporation.  Borrower is the trustor under this Security Instrument.

(C)"Lender" is Conterra Agricultural Capital, LLC. Lender is a limited liability company organized and existing under the laws of Iowa.
Lender's address is 7755 Office Plaza Dr. North, Suite 195 West Des Moines, IA 50266.  Lender is the beneficiary under this Security Instrument.

(D)"Trustee" is First American Title and Escrow Company.

(E)"Note" means the promissory note signed by Borrower and dated November 30, 2017.  The Note states that Borrower owes Lender Ten
Million Four Hundred Thousand and 00/100 Dollars (U.S.$10,400,000.00) plus interest.  Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not
later than January 1, 2021.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  1

(F)"Property" means the property that is described below under the heading "Transfer of Rights in the Property."

(G)"Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums
due under this Security Instrument, plus interest.

(H)"Riders" mean all Riders to this Security Instrument that are executed by Borrower.  The following Riders are to be executed by Borrower
[cheek box as applicable]:

 ̈
  Irrigation Equipment Rider ̈
 Water Rights Rider

 ̈
  Adjustable Rate Rider ̈
 Permitted Prior Encumbrance Rider

 ̈
  Mortgage Insurance Riderx
 Financial Information and Covenants Rider

x
  Other(s):  Cross Default Rider, Cross

Collateralization Rider

(I)"Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders
(that have the effect of law) as well as all applicable final, non-appealable judicial opinions.

(J)"Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument,
which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account.
Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
transfers.

(K)"Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than
insurance proceeds paid under the coverages described in Section 4) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii)
conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.

(L)"Periodic Payment" means the regularly scheduled amount due for principal and interest under the Note.

(M)"Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's
obligations under the Note and/or this Security Instrument.

TRANSFER OF RIGHTS IN THE PROPERTY

This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of
Borrower's covenants and agreements under this Security Instrument and the Note.  For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the
following described property located in the County [Type of Recording Jurisdiction] of Canyon [Name of Recording Jurisdiction]:

SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF.

which currently has the address of

Agricultural Land and Seed Processing Facilities

Canyon County, ID

("Property Address"):

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  2

subject only to those matters set forth in the Permitted Prior Encumbrance Rider, if said rider is attached (hereafter "Permitted Prior Encumbrances");

TOGETHER WITH all buildings, improvements, fixtures and permanent plantings located therein or thereon or appurtenant thereto, and all additions,
replacements, and improvements hereafter made thereto or placed therein or thereon; all rights-of-way, easements, rents, issues, profits, income, proceeds and general intangibles there
from, tenements, hereditaments, remainders, reversions, privileges and appurtenances thereunto belonging, however evidenced which are used or enjoyed in connection with the real
property now or hereafter owned or belonging to the same or which hereafter may be acquired and so used or enjoyed;

TOGETHER WITH all water and water rights now owned or hereafter acquired by Borrower and howsoever evidenced, including but not limited to any water
rights specifically described in the Water Rights Rider if said rider is attached hereto, whether such water and water rights are riparian, appropriative or otherwise and whether or not
appurtenant to the real property, along with all ditch and ditch rights and any shares of stock, licenses, permits and contracts evidencing such water or ditch rights, and all wells, reservoirs,
dams, embankments or fixtures relating thereto;

TOGETHER WITH all personal property, including all windmills, pumps, irrigation equipment, motors, engines, and devices of every kind now or hereafter
used for or in connection with the irrigation of the real property, or for stock watering or domestic purposes thereon, which are owned by Borrower and which are located on the real property
in Canyon County, ID, described above together with all additional accessions, replacements, improvements, repairs and substitutions to said property and the proceeds thereof and all other
fixtures now or hereafter located upon the real property, all of which are declared to be appurtenant to said real property, or incident to the ownership thereof, or used in connection
therewith;

TOGETHER WITH all judgments, awards of damages, settlements and payments or security (1) hereafter made as a result of or in lieu of any taking of all or
any part of the real property under the power of eminent domain or for any damage to the real property and/or the improvements located thereon, or any part thereof, and (ii) hereafter made
for any damage to the real property and/or the improvements located thereon, or any part thereof resulting from exercise of or attempted exercise of mining rights or claims, however reserved
or asserted, and resulting from the disturbance of any of the surface of the real property.  Borrower does hereby covenant and agree that Borrower will not give such consent as may be
required of the owner for mining or other surface disturbance by the terms of any patent, deed, statute, law or otherwise, without the prior written consent of Lender;

TOGETHER WITH all proceeds of and any unearned premiums on any insurance policies covering the real property and/or the improvements located
thereon, including, without limitation, the right to receive and apply the proceeds of any insurance judgments, or settlements made in lieu thereof, for damage to the real property and/or the
improvements located thereon or the indebtedness secured thereby;

TOGETHER WITH all contract rights, chattel paper, documents, accounts and general intangibles, rights to performance, entitlement to payment in cash or in
kind, or any other benefits under any current or future governmental program which pertain to the real property, whether now or hereafter existing or acquired;

TOGETHER WITH all cash and noncash proceeds of the conversion, voluntary or involuntary, of any of the foregoing;

TOGETHER WITH any and all of Borrower's right, title, and/or interest in any and all system memberships and/or ownership certificates in any non-municipal
water sewer systems now or in the future serving said property.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  3

All replacements and additions shall also be covered by this Security Instrument.

All of the foregoing is referred to in this Security Instrument as the "Property."

For clarity, notwithstanding the foregoing or any other provision of this Security Instrument, the Property shall specifically exclude (a) all Collateral as defined in the
Security Agreement, dated November 30, 2017, by and between Lender and S&W Seed Company granting Lender a security interest in such Collateral located in Idaho and securing
that certain promissory note entered into by S&W Seed Company in the amount of $2,100,00.00 in favor of Lender (Loan # R1028) and (b) all seed or other products produced,
processed or stored on the Property.

BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is
unencumbered, except for encumbrances of record and specifically those permitted prior encumbrances, if any, set forth in the Permitted Prior Encumbrances Rider if said rider is attached to
this Security Instrument.  Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.

THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform
security instrument covering real property, fixtures, and certain personal property.

UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:

	Payment of Principal, Interest, Prepayment Charges, Yield Maintenance Premiums and Late Charges.  Borrower shall pay when due the principal of, and
interest on, the debt evidenced by the Note and any yield maintenance premiums, any prepayment charges and late charges due under the Note.  Payments due under the Note and this
Security Instrument shall be made in U.S. currency.  However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to
Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by
Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a
federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.

Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in
accordance with the notice provisions in Section 12.  Lender may return any payment or partial payment if the payment or partial payment is insufficient to bring the Loan current.  Lender may
accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payment in the
future, but Lender is not obligated to apply such payments at the time such payments are accepted Lender may hold such unapplied funds until Borrower makes payment to bring the Loan
current.  If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower.  If not applied earlier, such funds will be applied to the
outstanding principal balance under the Note immediately prior to foreclosure.  No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from
making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

	Application of Payments or Proceeds.  Unless required by Applicable Law, payments will be applied first to accrued unpaid interest, then second to
principal, third to advances under this Security Instrument, and finally to late charges.  Such payments shall be applied to each Periodic Payment in the order in which it became due.

If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be
applied to the delinquent payment and the late charge.  If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the
Periodic Payments if, and to the extent that, each payment can be paid in full.  To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic
Payments, such excess may be applied to any late charges due.  Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  4

Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the
amount, of the Periodic Payments.

	Charges; Liens.  Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this
Security Instrument, leasehold payments or ground rents on the Property, if any.

Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation
secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the
lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c)
secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument, If Lender determines that any part of the Property is subject to a lien
which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien.  Within 10 days of the date on which that notice is given, Borrower shall satisfy
the lien or take one or more of the actions set forth above in this Section 3.

Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan.

	Property Insurance.  Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards
included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance.  This insurance
shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires.  What Lender requires pursuant to the preceding sentences can change during the
term of the Loan.  The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised
unreasonably.  Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a
one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination
or certification.  Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
determination resulting from an objection by Borrower.

If Borrower fails to maintain any of the coverages described above, such failure shall constitute a default under the terms of this Security Instrument and the Loan.
Lender may obtain insurance coverage, at Lender's option and Borrower's expense.  Lender is under no obligation to purchase any particular type or amount of coverage.  Therefore, such
coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide
greater or lesser coverage than was previously in effect.  Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that
Borrower could have obtained.  Any amounts disbursed by Lender under this Section 4 shall become additional debt of Borrower secured by this Security Instrument.  These amounts shall
bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.

All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard
mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee.  Lender shall have the right to hold the policies and renewal certificates.  If Lender requires,
Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices.  If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage
to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  5

In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender.  Lender may make proof of loss if not made
promptly by Borrower.  Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to
restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.  During such repair and restoration
period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's
satisfaction, provided that such inspection shall be undertaken promptly.  Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress
payments as the work is completed.  Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay
Borrower any interest or earnings on such proceeds.  Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the
sole obligation of Borrower.  If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by
this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.  Such insurance proceeds shall be applied in the order provided for in Section 2.

If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters.  If Borrower does not respond within 30
days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim.  The 30-day period will begin when the notice is given.  In
either event, or if Lender acquires the Property under Section 25 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed
the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all
insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property.  Lender may use the insurance proceeds either to repair or restore the Property
or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.

	Preservation, Maintenance and Protection of the Property; Inspections.  Borrower shall not destroy, damage or impair the Property, allow the Property to
deteriorate or commit waste on the Property.  Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition.  Unless it is
determined pursuant to Section 4 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage.  If
insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender
has released proceeds for such purposes.  Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed.  If
the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or
restoration.

Borrower will operate the Property in a good and workmanlike manner and in accordance with all Applicable Law and will pay all fees and charges of any kind in
connection therewith.  Borrower will use good farming and animal husbandry practices.

Lender or its agent may make reasonable entries upon and inspections of the Property.  If it has reasonable cause, Lender may inspect the interior of the
improvements on the Property.  Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.

	Borrower's Loan Application.  Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the
direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material
information) in connection with the Loan.

	Protection of Lender's Interest in the Property and Rights Under this Security Instrument.  If (a) Borrower fails to perform the covenants and agreements
contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a
proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c)
Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument,

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  6

including protecting and/or assessing the value of the Property, and securing and/or repairing the Property.  Lender's actions can include, but are not limited to: (a) paying any
sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under
this Security Instrument, including its secured position in a bankruptcy proceeding, (d) perform any farming operations related to the planting, growing, maintenance, and harvesting of crops
located on the Property, and (e) perform any ranching operations related to any animals located on the Property.  Securing the Property includes, but is not limited to, entering the Property to
make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or
off.  Although Lender may take action under this Section 7, Lender does not have to do so and is not under any duty or obligation to do so.  It is agreed that Lender incurs no liability for not
taking any or all actions authorized under this Section 7.  Lender may perform these or any other actions it deems necessary in Lender's sole discretion to preserve the value of the Property,
and/or assign to others the right to do same on behalf of Lender.  Lender may make advances under this security instrument or other instrument providing security for the Note, to protect the
Lender's interest in this security instrument or other instrument providing security for the Note from loss of value or damage.  Any money so advanced (including reasonable costs of recovery
and attorneys' fees) plus interest at the default rate indicated in the Note shall become an obligation due and owing under the terms of the Note immediately upon the date advanced by
Lender and is an obligation of the Borrower secured by the security instrument or other instrument providing security for the Note.

Any amounts disbursed by Lender under this Section 7 shall become additional debt of Borrower secured by this Security Instrument.  These amounts shall bear
interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.

If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease.  Borrower shall not surrender the leasehold estate and interests
herein conveyed or terminate or cancel the ground lease.  Borrower shall not, without the express written consent of Lender, alter or amend the ground lease.  If Borrower acquires fee title to
the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.

	Assignment of Miscellaneous Proceeds; Forfeiture.  All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender.

If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible
and Lender's security is not lessened.  During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to
inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly.  Lender may pay for the repairs and
restoration in a single disbursement or in a series of progress payments as the work is completed.  Unless an agreement is made in writing or Applicable Law requires interest to be paid on
such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds.  If the restoration or repair is not economically feasible
or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to
Borrower.  Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2.

In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
whether or not then due, with the excess, if any, paid to Borrower.

In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking,
destruction, or loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless
Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before the
partial taking, destruction, or loss in value.  Any balance shall be paid to Borrower.

In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking,
destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in
writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  7

If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined in the next sentence) offers to make an award
to settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either
to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due.

"Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to
Miscellaneous Proceeds.

Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other
material impairment of Lender's interest in the Property or rights under this Security Instrument.  Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in
Section 16, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest
in the Property or rights under this Security Instrument.  The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby
assigned and shall be paid to Lender.

All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2.

	Borrower Not Released; Forbearance By Lender Not a Waiver.  Extension of the time for payment or modification of amortization of the sums secured by
this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower.
Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower.  Any forbearance by Lender in exercising any right or
remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not
be a waiver of or preclude the exercise of any right or remedy.

	Joint and Several Liability; Co-signers; Successors and Assigns Bound.  Borrower covenants and agrees that Borrower's obligations and liability shall be
joint and several.  However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to
mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security
Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the
Note without the co-signer's consent.

Subject to the provisions of Section 15, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is
approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument.  Borrower shall not be released from Borrower's obligations and liability under this
Security Instrument unless Lender agrees to such release in writing.  The covenants and agreements of this Security Instrument shall bind (except as provided in Section 17) and benefit the
successors and assigns of Lender.

	Loan Charges.  Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's
interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees.  In regard to any other fees, the absence
of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee.  Lender may not charge fees that are
expressly prohibited by this Security Instrument or by Applicable Law.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  8

If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected
in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any
sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower.  Lender may choose to make this refund by reducing the principal owed under the Note or
by making a direct payment to Borrower.  If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment
charge is provided for under the Note).  Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have
arising out of such overcharge.

	Notices.  All notices given by Borrower or Lender in connection with this Security Instrument must be in writing.  Any notice to Borrower in connection with
this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means.
Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise.

The notice address shall be 106K Street, Suite 300, Sacramento, CA 95814, unless Borrower has designated a substitute notice address by notice to Lender.
Borrower shall promptly notify Lender of Borrower's change of address.  If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change
of address through that specified procedure.  There may be only one designated notice address under this Security Instrument at any one time.  Any notice to Lender shall be given by
delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower.  Any notice in connection with this
Security Instrument shall not be deemed to have been given to Lender until actually received by Lender.  If any notice required by this Security Instrument is also required under Applicable
Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument.

	Governing Law; Severability; Rules of Construction.  This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the
Property is located.  All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law.  Applicable Law might explicitly or
implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract.  In the event that any provision or
clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect
without the conflicting provision.

As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words
in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action.

	Borrower's Copy.  Borrower shall be given one copy of the Note and of this Security Instrument.

	Transfer of the Property or a Beneficial Interest in Borrower.  As used in this Section 15, "Interest in the Property" means any legal or
beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the
intent of which is the transfer of title by Borrower at a future date to a purchaser.

If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold
or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument.  However, this option shall not be
exercised by Lender if such exercise is prohibited by Applicable Law.

If Lender exercises this option, Lender shall give Borrower notice of acceleration.  The notice shall provide a period of not less than 30 days from the date the notice is
given in accordance with Section 12 within which Borrower must pay all sums secured by this Security Instrument.  If Borrower fails to pay these sums prior to the expiration of this period,
Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower.

	Borrower's Right to Reinstate After Acceleration.  If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security
Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period
as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument.  Those conditions are that Borrower: (a) pays
Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays
all expenses incurred in enforcing this

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  9

Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the
purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest
in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged.  Lender may require that
Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's
check or cashier's check, provided any such cheek is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer.
Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred.  However, this right to reinstate shall
not apply in the case of acceleration under Section 15.

	Sale of Note; Change of Loan Servicer; Notice of Grievance.  The Note or a partial interest in the Note (together with this Security Instrument) can be
sold one or more times without prior notice to Borrower.

Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other
party's actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such
Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 12) of such alleged breach and afforded the other party hereto a
reasonable period after the giving of such notice to take corrective action.  If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will
be deemed to be reasonable for purposes of this paragraph.  The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 25 and the notice of acceleration given
to Borrower pursuant to Section 15 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 17.

	Hazardous Substances.  As used in this Section 18: (a) "Hazardous Substances" are those substances defined as toxic or hazardous
substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides,
volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the
Property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as
defined in Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.

Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances,
on or in the Property.  Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental
Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property.  The preceding two sentences
shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
maintenance of the Property (including, but not limited to, hazardous substances in consumer products).

Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private
party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any
spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which
adversely affects the value of the Property.  If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any
Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law.  Nothing herein shall create
any obligation on Lender for an Environmental Cleanup.  Borrower agrees to indemnify and hold Lender free and harmless from and against all loss, costs (including attorneys' fees and
costs), damage (including consequential damages), and expenses Lender may sustain by reason of the assertion against Lender by any third-party of any claim in connection with Hazardous
Substances on, in or affecting the Property.  Borrower further agrees that Lender shall have the right to join and participate in, as a party if it so elects, any legal proceedings or actions
initiated in connection with any claims related to Hazardous Substances on, in or affecting the Property, and shall pay any such attorney fees and expenses Lender incurs in connection
therewith.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                 10

	Additional Property Subject To The Security Instrument.  This Security Instrument also constitutes a security agreement within the meaning of the
Uniform Commercial Code as adopted in the State of ID (the "UCC").  In addition to the Property described in the Security Instrument, the following items now or hereafter
attached to the Property to the extent they are fixtures are added to the Property description, and shall also constitute the Property covered by the Security Instrument:  building materials,
appliances and goods of every nature whatsoever now or hereafter located in, on, or used, or intended to be used in connection with the Property, including, but not limited to, those for the
purposes of supplying or distributing heating, cooling, electricity, gas, water, air and light, fire prevention and extinguishing apparatus, security and access control apparatus.  plumbing, bath
tubs, water heaters, water closets, sinks, ranges, stoves, refrigerators, dishwashers, disposals.  washers, dryers, awnings, storm windows, storm doors,.  screens, blinds, shades, curtains and
curtain rods, attached minors, cabinets, paneling, attached floor coverings, irrigation Dines and pumps, livestock fencing and pens.  windmills and related equipment and pumps, and
specifically: All water and water rights now owned or hereafter acquired by Debtor and howsoever evidenced, whether such water and water rights are riparian, appropriative or
otherwise and whether or not appurtenant to the real estate described herein, all ditch/pond and ditch/pond rights and any shares of stock, licenses, permits and contracts evidencing such
water or ditch rights, and all wells, reservoirs, dams, embankments or fixtures relating thereto, along with all replacements, substitutions, accessions thereto and proceeds derived
therefrom.

All irrigation equipment of every kind and nature, including but not limited to center irrigation pivots, pumps, rive pipe, sprinklers, motors, well equipment, pumps and
power units, now owned or hereafter acquired by Debtor and now or hereafter located and situated on the real estate described herein, along with all replacements, substitutions, accessions
thereto and proceeds derived therefrom.

All Seed Processing Equipment., all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the Property covered by
the Security Instrument.  All of the foregoing together with the Property described in the Security Instrument (or the leasehold estate if the Security Instrument is on a leasehold) are referred to
in this Security Instrument as the "Property."

	Fixture Filing.  This Security Instrument constitutes a "fixture filing" for the purposes of the UCC against all of the Property which is or is to
become fixtures per the UCC.

	Use of Property; Compliance With Law.  Borrower shall not seek, agree to or make a change in the use of the Property or its zoning classification, unless
Lender has agreed in writing to the change.  Borrower shall comply with all laws, ordinances, regulations and requirements of any governmental body applicable to the Property.

	Assignment of Leases.  Upon Lender's request after default, Borrower shall assign to Lender all leases of the Property and all security deposits made in
connection with leases of the Property.  Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new leases, in Lender's sole
discretion.  As used in this paragraph, the word "lease" shall mean "sublease" if the Security Instrument is on a leasehold.

	Assignment of Rents; Appointment of Receiver; Lender In Possession.  Specifically excepting any receipts or revenues Borrower receives from the sale
of seed or other products produced, processed or stored at Borrower facilities on the Property, Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and
revenues ("Rents") of the Property, regardless of to whom the Rents of the Property are payable.  Borrower authorizes Lender or Lender's agents to collect the Rents, and agrees
that each tenant of the Property shall pay the Rents to Lender or Lender's agents.  However, Borrower shall receive the Rents until (i) Lender has given Borrower notice of default pursuant to
Sections 12 and 25 of the Security Instrument and (ii) Lender has given notice to the tenant(s) that the Rents are to be paid to Lender or Lender's agent.  This assignment of Rents constitutes
an absolute assignment and not an assignment for additional security only.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                 11

If Lender gives notices of default to Borrower: (i) all Rents received by Borrower shall be held by Borrower as trustee for the benefit of Lender only, to be applied to the
sums secured by the Security Instrument; (ii) Lender shall be entitled to collect and receive all of the Rents of the Property; (iii) Borrower agrees that each tenant of the Property shall pay all
Rents due and unpaid to Lender or Lender's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides otherwise, all Rents collected by Lender or Lender's
agents shall be applied first to the costs of taking control of and managing the Property and collecting the Rents, including, but not limited to, attorneys' fees, receiver's fees, premiums on
receiver's bonds, repair and maintenance costs, insurance premiums, taxes, assessments and other charges on the Property, and then to the sums secured by the Security Instrument; (v)
Lender, Lender's agents or any judicially appointed receiver shall be liable to account for only those Rents actually received; and (vi) Lender shall be entitled to have a receiver appointed to
take possession of and manage the Property and collect the Rents and profits derived from the Property without any showing as to the inadequacy of the Property as security.

If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents any funds expended by
Lender for such purposes shall become indebtedness of Borrower to Lender secured by the Security Instrument pursuant to Section 7 of the Security Instrument.

Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not performed, and will not perform, any act that would
prevent Lender from exercising its rights under this paragraph.

Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take control of or maintain the Property before or after giving notice of
default to Borrower.  However, Lender, or Lender's agents or a judicially appointed receiver, may do so at any time when a default occurs.  Any application of Rents shall not cure or waive
any default or invalidate any other right or remedy of Lender.  This assignment of Rents of the Property shall terminate when all the sums secured by the Security Instrument are paid in
full.

	Cross-Default Provision.  Borrower's default or breach under any note or agreement in which Lender has an interest shall be a breach under the Security
Instrument and Lender may invoke any of the remedies permitted by the Security Instrument.

NON-UNIFORM COVENANTS.  Borrower and Lender further covenant and agree as follows:

	Acceleration; Remedies.  Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security
Instrument (but not prior to acceleration under Section 15 unless Applicable Law provides otherwise).  The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a
date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the
notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property.  The notice shall further inform Borrower of the right to reinstate after acceleration
and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale.  If the default is not cured on or before the date
specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale
and any other remedies permitted by Applicable Law.  Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 25, including, but not limited
to, reasonable attorneys' fees and costs of title evidence.

If Lender invokes the power of sale, Lender shall execute or cause Trustee to execute written notice of the occurrence of an event of default and of Lender's election to
cause the Property to be sold, and shall cause such notice to be recorded in each county in which any part of the Property is located.  Lender or Trustee shall mail copies of the notice as
prescribed by Applicable Law to Borrower and to other persons prescribed by Applicable Law.  Trustee shall give public notice of sale to the persons and in the manner prescribed by
Applicable Law.  After the time required by Applicable Law, Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and
under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines.  Trustee may postpone sale of all or any parcel of the Property by public
announcement at the time and place of any previously scheduled sale.  Lender or its designee may purchase the Property at any sale.

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                 12

Trustee shall deliver to the purchaser Trustee's deed conveying the Property without any covenant or warranty, expressed or implied.  The recitals in the Trustee's
deed shall be prima facie evidence of the truth of the statements made therein.  Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including,
but not limited to, reasonable Trustee's and attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it.

	Reconveyance.  Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender
this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee.  Trustee shall reconvey the Property without warranty to the person or persons legally
entitled to it.  Such person or persons shall pay any recordation costs.  Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party
(such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law.

	Substitute Trustee.  Lender may, for any reason or cause, from time to time remove Trustee and appoint a successor trustee to any Trustee appointed
hereunder_ Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law.

	Area and Location of Property.  Either the Property is not more than 40 acres in area or the Property is located within an incorporated city or village.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and
recorded with it.

NOTICE
UNDER IDAHO LAW, ANY PROMISE BY THE BANK TO GRANT OR EXTEND EXISTING CREDIT TO YOU MUST BE IN WRITING TO BE LEGALLY BINDING
UPON THE BANK IF THE ORIGINAL AMOUNT OF SUCH CREDIT IS $50,000 OR MORE.

S&W Seed Company, a Nevada corporation

  /s/Matthew K. Szet

                   Signature

                   Matthew K. Szot, Chief Financial Officer

                   Mailing address

                   802 N Douty St.

                   Hanford, CA 93230

[Sign Originals Only]

 

   

   

   

   

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                 13

	
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.

 

STATE OF CALIFORNIA)

                                     )

                   COUNTY OF SAN DIEGO)

On this 30th day of November, 2017, before me, Candelario Resendez, personally appeared Matthew K. Szot,
Executive Vice President of Finance and Administration and CFO of S&W Seed Company, Sole Member of Seed Holding, LLC, on behalf of said corporation, who proved to me on
the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that
by his signature on the instrument the entities upon behalf of which the person acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that eth foregoing paragraph is true and correct.
WITNESS my hand and official seal.

  /s/Candelario Resendez

                   Signature

                   (Seal)

   

   

   

   

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                 14

Exhibit A

Parcel 1:

The West 220 feet of the East 1022 feet of the Southeast Quarter of the Northeast Quarter of Section 16, Township 2 North, Range 2 West, Boise Meridian, Canyon County, Idaho;

   and

   A portion of the Southeast Quarter of the Northeast Quarter of Section 16, Township 2 North, Range 2 West of the Boise Meridian, Canyon County, Idaho, being more particularly
described as follows:

   Commencing at the Southeast corner of said Southeast Quarter of the Northeast Quarter of Section 16; thence

   South 89°55'04" West along the South line of said Southeast Quarter to the Northeast Quarter a distance of 1022.00 feet to the True Point of Beginning; thence continuing

   South 89°55'04" West along said South line, a distance of 30.00 feet to a point; thence

   North on a line parallel to the East line of said Southeast Quarter of the Northeast Quarter of Section 16, a distance of 190.00 feet to a point; thence

   North 89°55'04" East, along a line parallel with the South line of said Southeast Quarter of the Northeast Quarter, a distance of 30.00 feet; thence

   South along a line parallel to the East line of said Southeast Quarter of the Northeast Quarter, a distance of 190.00 feet to the True Point of Beginning.

Parcel 2:

A parcel of land located in the Southeast Quarter of the Northeast Quarter of Section 16, Township 2 North, Range 2 West of the Boise Meridian, Canyon County, Idaho, and is more
particularly described as follows:

Commencing at the East quarter corner of said Section 15, being a P.K. Nail and the centerline intersection of Lake Shore Drive and 12th Avenue South; thence

   South 89°55'04" West along the South line of said Southeast quarter of the Northeast Quarter, and the centerline of Lake Shore Drive, a distance of 1022.00 feet to a P.K. Nail,
being the True Point of Beginning; thence continuing

   South 89°55'04" West along said South line of the Southeast Quarter of the Northeast Quarter and the centerline of Lake Shore Drive, a distance of 300.20 feet to the Southwest
corner of said parcel, being a 5/8 inch steel pin, from whence a 112 inch steel pin bears North 0°06'20" West, a distance of 33.00 feet; thence leaving said

   South line of the Southeast Quarter of the Northeast Quarter and the centerline of Lake Shore Drive North 0°06'20" West, along the West line of said Southeast Quarter of the
Northeast Quarter, a distance of 1324.04 feet to the Northwest corner of said parcel being a 5/8 inch steel pin, and the Northeast 1/16 corner of said Section 16; thence

   North 89°55'27" East along the North line of said Southeast Quarter of the Northeast Quarter, a distance of 302.64 feet to the Northeast corner of said parcel, being a 1/2 inch steel
pin; thence

   South and parallel with the East line of said Southeast Quarter of the Northeast

   Quarter, a distance of 1324.01 feet to the True Point of Beginning. 

Excepting Therefrom:

A portion of the Southeast Quarter of the Northeast Quarter of Section 16, Township 2 North, Range 2 West of the Boise Meridian, Canyon County, Idaho, being more particularly
described as follows:

Commencing at the Southeast corner of said Southeast Quarter of the Northeast Quarter of Section 16; thence

   South 89°55'04" West along the South line of said Southeast Quarter of the Northeast Quarter a distance of 1022.00 feet to the True Point of Beginning; thence continuing

   South 89°55'04" West along said South line, a distance of 30.00 feet to a point; thence

   North on a line parallel to the East line of said Southeast Quarter of the Northeast Quarter of Section 16, a distance of 390.00 feet to a point; thence

   North 89°55'04" East, along a line parallel with the South line of said Southeast Quarter of the Northeast Quarter, a distance of 30.00 feet; thence

   South along a line parallel to the East line of said Southeast Quarter of the Northeast Quarter, a distance of 190.00 feet to the True Point of Beginning.

Parcel 3:

COMMENCING at the Northwest corner of Lot 1 in Section 18, Township 2 North, Range 1 West of the Boise Meridian, Canyon County, Idaho; thence

   East along the North boundary line of said Lot 1, a distance of 544 feet to the Real Point of Beginning; thence

   South and parallel to the West boundary line of said Lot 1, a distance of 179 feet; thence

   West and parallel to the North boundary line of said Lot 1, a distance of 106 feet; thence

   South and parallel to the West boundary line of said Lot 1, a distance of 156 feet; thence

   East and parallel to the North boundary line of said Lot 1, a distance of 172 feet; thence

   North and parallel to the West boundary line of said Lot 1, a distance of 156 feet; thence

   West and parallel to the North boundary tine of said Lot 1, a distance of 26 feet; thence

   North and parallel to the West boundary line of said Lot 1, a distance of 179 feet, more or less, to a point in the North boundary line of said Lot 1; thence

   West a distance of 40 feet, more or less, along the North boundary line of Lot 1 to the Real Point of Beginning.

AND

Lot 1 in Section 18, Township 2 North, Range 1 West of the Boise Meridian, Canyon County, Idaho.

EXCEPTING the following described real property, to-wit:

COMMENCING at the Northwest corner of Lot 1 in Section 18, Township 2 North, Range 1 West of the Boise Meridian, Canyon County, Idaho; thence

   East along the North boundary line of said Lot 1, a distance of 544 feet to the Real Point of Beginning; thence

   South and parallel to the West boundary line of said Lot 1, a distance of 179 feet; thence

   West and parallel to the North boundary line of said Lot 1, a distance of 106 feet; thence

   South and parallel to the West boundary line of said Lot 1, a distance of 156 feet; thence

   East and parallel to the North boundary line of Lot 1, a distance of 172 feet; thence North and parallel to the West boundary line of said Lot 1, a distance of 156 feet; thence

   West and parallel to the North boundary tine of said Lot 1, a distance of 26 feet; thence

   North and parallel to the West boundary line of said Lot 1, a distance of 179 feet, more or less, to a point in the North boundary line of said Lot 1; thence

   West a distance of 40 feet, more or less, along the North boundary line of Lot 1 to the Real Point of Beginning.

Parcel 4:

The Northeast Quarter Northwest Quarter, Section 18, Township 2 North, Range 1 West of the Boise Meridian, Canyon County, Idaho.

Address disclosed by County Assessor: 4819 East Lewis Lane, Nampa, ID 83686; 9224 Lake Shore Drive, Nampa, ID 83686

APN: 28992000 0; 28992010 0; 29584010 0; 29585000 0

   

   

   

   

   

   

   

   

   

   

CROSS COLLATERALIZATION RIDER

Loan # R1036

THIS CROSS COLLATERALIZATION RIDER is made this November 30, 2017, and is incorporated into and shall be deemed to amend
and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date, given by the undersigned (the "Borrower") to secure
Borrower's Note to Conterra Agricultural Capital, LLC (the "Lender") of the same date and covering the Property described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

                  Canyon County, ID

                [Property Address]

In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender Maher covenant and agree that on the date hereof the following
other loans have been entered into:

	
Borrowers/Co-Signers' Names
	
Date
	
Loan Amount/Loan No.

	
S&W Seed Company
	
11/30/2017
	
$2,100,000.00/R1028

each of which is evidenced by a separate promissory note (the "Other Notes"), and each of which is secured by a separate Security Agreement
(the "Other Security Instruments"). It is agreed that in addition to Borrower's Note, this Security Instrument secures the obligations, debts, and liabilities evidenced by the Other
Notes and Other Security Instruments referenced herein, plus interest thereon, which is payable by Grantor to Lender.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Cross Collateralization Rider.

S&W Seed Company, a Nevada corporation

  /s/Matthew K. Szot

Signature

Matthew K. Szot, Chief Financial Officer[Sign Originals Only]

   

	
Cross-Collaterization Rider
	
 

                                                                                  1

CROSS DEFAULT RIDER

Loan # R1036

THIS CROSS DEFAULT RIDER is made this November 30, 2017, and is incorporated into and shall be deemed to amend and
supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date, given by the undersigned (the "Borrower") to secure
Borrower's Note to Conterra Agricultural Capital, LLC (the "Lender") of the same date and covering the Property described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

   Canyon County, ID

   [Property Address]

In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that on the date hereof the following
other loans have been entered into:

	
Borrowers/Co-Signers' Names
	
Date
	
Loan Amount/Loan No.

	
S&W Seed Company
	
11/30/2017
	
$2,100,000.00/R1028

each of which is evidenced by a separate promissory note (the "Other Notes"), and each of which is secured by a separate Security Agreement (the
"Other Security Instruments"). It is agreed that any default under this Security Instrument or this Note shall be deemed a default under the Other Notes and Other Security
Instruments; and any default under any or all of the Other Notes or Other Security Instruments shall be deemed to be a default under this Note and this Security Instrument.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Cross Default Rider.

S&W Seed Company, a Nevada corporation

  /s/Matthew K. Szot

                   Signature

                   Matthew K. Szot, Chief Financial Officer[Sign Originals Only]

   

   

   

	
MULTISTATE CROSS DEFAULT RIDER
	
 

                                                                                  1

 

FINANCIAL INFORMATION AND COVENANTS RIDER

Loan # R1036

THIS FINANCIAL INFORMATION AND COVENANTS RIDER (this "Rider") is made this Thirtieth day of November,
2017, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date
given by the undersigned (the "Borrower") to secure Borrower's Note to Conterra Agricultural Capital, LLC (the "Lender") of the same date and covering the
Property described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

                  Canyon County, ID

                  [Property Address]

FINANCIAL COVENANTS.  In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree
that Borrower will prepare and maintain Borrower's financial records using consistently applied generally accepted accounting principles then in effect. Borrower will provide Lender with
financial information in a form reasonably acceptable to Lender and under the following terms:

(If "X"ed the following terms are agreed to.)

x
Frequency.  Annually, Borrower will provide to Lender Borrower's financial statements, tax returns, annual internal audit reports or those prepared by independent accountants
within 90 days after the close of each fiscal year. Any annual financial statements that Borrower provides will be reviewed statements.

 ̈
Interim Financial Reports.  Borrower will provide Lender with interim financial reports on a basis, and within 0 days after the close of this business
period. Interim financial statements will be statements.

 ̈
Requested Information.  Borrower will provide Lender with any other information about Borrower's operations, financial affairs and condition within 0 days after Lender's
request.

 ̈
Leverage Ratio.  Borrower will maintain at all times a ratio of total liabilities to tangible net worth, determined under consistently applied generally accepted accounting principles,
of 0.000 to 1.0 (Total Liabilities to Tangible Net Worth Ratio) or less.

   

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

 ̈
Minimum Tangible Net Worth.  Borrower will maintain at all times a total tangible net worth, determined under consistently applied generally accepted accounting principles, of
$0.00 (Minimum Tangible Net Worth) or more. Tangible net worth is the amount by which total assets exceed total liabilities. For determining tangible net worth, total assets will exclude all
intangible assets, including without limitation goodwill, patents, trademarks, trade names, copyrights, and franchises, and will also exclude any accounts receivable that do not provide for a
repayment schedule. 

 ̈
Minimum Current Ratio. Borrower will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles, of
0 to 1.0 (Minimum Current Ratio) or more.

 ̈
Minimum Working Capital. Borrower will maintain at all times a working capital, determined under consistently applied generally accepted accounting principles by subtracting current
liabilities from current assets, of $0.00 (Minimum Working Capital) or more. For this determination, current assets exclude (Excluded Current Assets.). Likewise, current liabilities include (1) all
obligations payable on demand or within on year after the date on which the determination is made, and (2) final maturities and sinking fund payments required to be made within one year
after the date on which the determination is made, but exclude all liabilities or obligations that Borrower may renew or extend to a date more than one year from the date of this
determination.

x
EBITDA.  Adjusted EBITDA/Total Annual Debt Payments no less than 1.30x (measured annually on Borrower's fiscal year basis and calculated based on Borrower's financial
statements delivered 90 days after fiscal year end).

x
Debt to Asset Ratio.  Debt to Asset Ratio shall not be greater than 60% (measured annually as of the end of Borrower's fiscal year and calculated based Borrower's financial
statements delivered 90 days after fiscal year end).

Capitalized terms used, but not defined, in this Rider have the respective meanings set forth in annex A hereto. All determinations of Borrower's compliance with the
foregoing covenants will be made exclusively by reference to Borrower's financial statements delivered pursuant hereto.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Financial Information and Covenants Rider.

   

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  2

S&W Seed Company, a Nevada corporation

  /s/ Matthew K. Szot

  Signature

          Matthew K. Szot, Chief Financial Officer[Sign Originals Only]

   

   

   

   

   

	
IDAHO  UNIFORM INSTRUMENT (40 acres or less)
	
Form 5000.13A 5/18/07

                                                                                  3

ANNEX A

As used in this Rider, the following terms have the following meanings:

"Adjusted EBITDA" means, for any fiscal year of Borrower, the result of (a) Borrower's Consolidated Net Earnings for such fiscal year plus, without duplication, the aggregate
amounts deducted in determining such Consolidated Net Earnings in respect of (i) Consolidated Interest Expense, (ii) Consolidated Income Tax Expense, (iii) Consolidated Depreciation and
Amortization Charges, (iv) non-recurring separation charges, (v) nonrecurring reserve for uncollectible sublease and stand establishment receivables, (vi) non-cash expenses incurred in
connection with stock-based compensation, (vii) non-cash expenses incurred in connection with amortization of debt discount, and (viii) non-cash expenses incurred prior to December 31,
2017 in connection with derivative warrant liability; minus (b) to the extent included in Consolidated Net Earnings for such period, non-cash gains incurred prior to December 31, 2017 in
connection with derivative warrant liability.

"Consolidated" means the resultant consolidation of the financial statements of Borrower and its subsidiaries in accordance with generally accepted accounting principles in
the United States, including principles of consolidation consistent with those applied in preparation of the financial statements delivered by Borrower pursuant to this Rider.

`Consolidated Depreciation and Amortization Charges' means, for any fiscal year of Borrower, the aggregate of all depreciation and amortization charges for fixed assets, leasehold
improvements and general intangibles (specifically including goodwill) of Borrower for such period, as determined on a Consolidated basis.

"Consolidated Income Tax Expense" means, for any fiscal year of Borrower, all provisions for taxes based on the gross or net income of Borrower (including, without limitation,
any additions to such taxes, and any penalties and interest with respect thereto), as determined on a Consolidated basis.

"Consolidated Indebtedness" means, as of the end of any fiscal year of Borrower, the total Indebtedness of Borrower as of such date, as determined on a Consolidated
basis.

"Consolidated Interest Expense" means, for any fiscal year of Borrower, the interest expense of Borrower for such fiscal year, as determined on a Consolidated basis.

"Consolidated Net Earnings" means, for any fiscal year of Borrower, the net income (loss) of Borrower for such fiscal year, as determined on a Consolidate basis.

"Consolidated Total Assets' means, as of the end of any fiscal year of Borrower, the total assets of Borrower as of such date, as determined on a Consolidated basis.

"Debt to Asset Ratio" means, as of the end of any fiscal year of Borrower, the ratio of (a) Consolidated Indebtedness to (b) Consolidated Total Assets.

"Indebtedness" means, without duplication, (a) all obligations to repay borrowed money, direct or indirect, incurred, assumed, or guaranteed, (b) all obligations in respect of the
deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business), (c) all obligations under conditional sales or other title retention
agreements, (d) all obligations (contingent or otherwise) under any letter of credit or banker's acceptance, (e) all net obligations under any currency swap agreement, interest rate swap, cap,
collar or floor agreement or other interest rate management device, (f) all synthetic leases, (g) all capitalized lease obligations, (h) all obligations of Borrower with respect to asset
securitization financing programs, (i) all obligations to advance funds to, or to purchase assets, property or services from, any other person or entity in order to maintain the financial condition
of such person or entity, (j) all indebtedness of the types referred to in subparts (a) through (i) above of any partnership or joint venture (other than a joint venture that is itself a corporation or
limited liability company) in which Borrower is a general partner or joint venturer, unless such indebtedness is expressly made non-recourse to Borrower, (k) any other transaction (including
forward sale or purchase agreements) having the commercial effect of a borrowing of money entered into by Borrower to finance its operations or capital requirements, and (I) any guaranty of
any obligation described in subparts (a) through (lc) above.

"Total Annual Debt Payments" means, for any fiscal year of Borrower, the aggregate, without duplication, of (a) Borrower's Consolidated Interest Expense paid in cash for
such fiscal year, and (b) Borrower's principal payments on Consolidated Indebtedness paid in cash for such fiscal year, excluding, in each case, (i) payments of principal under the Credit and
Security Agreement, dated as of September 22, 2015, between Borrower and KeyBank National Association, as amended from time to time, or any replacement facility therefore, (ii)
payments of principal under any working capital line of credit maintained by Borrower's Seed Genetics International Pty Ltd subsidiary and (iii) payments of principal that certain Promissory
Note dated December 31, 2014 made by Borrower in favor and for the benefit of Pioneer Hi-Bred International, Inc., as amended from time to time.

   

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

   

   

After Recording Return To:

                   Conterra Agricultural Capital, LLC 

                   7755 Office Plaza Dr. North, Suite 195 

                   West Des Moines, IA 50266

                   Sarah Streeter

This instrument was drafted by:

Michael H. Patterson

                   2310 Interstate 20 West, Suite 100 

                   Arlington, TX 76017-1668

[Space Above This Line For Recording Data]

Parcel ID No.: 11002-392.A; 11002-392.01

MORTGAGE

                   Security Agreement, Assignment of Rents

                   and Fixture Filing

DEFINITIONS

Words used in multiple sections of this document are defined below and other words are defined in certain Sections of this document. Certain rules regarding the usage
of words used in this document are also provided in Section 13.

	"Security Instrument" means this document, which is dated November 30, 2017, together with all Riders to this document.

	"Borrower" is S&W Seed Company, a Nevada corporation. Borrower is the mortgagor under this Security Instrument.

	"Lender" is Conterra Agricultural Capital, LLC. Lender is a limited liability company organized and existing under the laws of Iowa.
Lender's address is 7755 Office Plaza Dr. North, Suite 195 West Des Moines, IA 50266. Lender is the mortgagee under this Security Instrument.

	"Note" means the promissory note signed by Borrower and dated November 30, 2017. The Note states that Borrower owes Lender Ten
Million Four Hundred Thousand and 00/100 Dollars (U.S. $10,400,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full
not later than January 1, 2021.

	"Property" means the property that is described below under the heading "Transfer of Rights in the Property."

	"Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under
this Security Instrument, plus interest.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  1

	"Riders" mean all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box

	
o
 Irrigation Equipment Rider

o
Adjustable Rate Rider

o
Mortgage Insurance Rider
	
o
Water Rights Rider

o
 Permitted Prior Encumbrance Rider

T
 Financial Information and Covenants Rider

	
T
Other(s): Cross Default Rider, Cross Collateralization Rider
	 

	"Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules
and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.

	"Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is
initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes,
but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

	"Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance
proceeds paid under the coverages described in Section 4) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.

	"Periodic Payment" means the regularly scheduled amount due for principal and interest under the Note,

	"Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's
obligations under the Note and/or this Security Instrument.

TRANSFER OF RIGHTS IN THE PROPERTY

This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's
covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender, with power of sale, the following described
property located in the County [Type of Recording Jurisdiction] of Columbia [Name of Recording Jurisdiction]:

SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF.

which currently has the address of

Agricultural Land and Seed Processing Facilities

                   Columbia County, Wisconsin

                   ("Property Address"):

subject only to those matters set forth in the Permitted Prior Encumbrance Rider, if said rider is attached (hereafter "Permitted Prior Encumbrances");

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  2

TOGETHER WITH all buildings, improvements, fixtures and permanent plantings located therein or thereon or appurtenant thereto, and all additions, replacements,
and improvements hereafter made thereto or placed therein or thereon; all rights-of-way, easements, rents, issues, profits, income, proceeds and general intangibles there from, tenements,
hereditaments, remainders, reversions, privileges and appurtenances thereunto belonging, however evidenced which are used or enjoyed in connection with the real property now or hereafter
owned or belonging to the same or which hereafter may be acquired and so used or enjoyed;

TOGETHER WITH all water and water rights now owned or hereafter acquired by Borrower and howsoever evidenced, including but not limited to any water rights
specifically described in the Water Rights Rider if said rider is attached hereto, whether such water and water rights are riparian, appropriative or otherwise and whether or not appurtenant to the
real property, along with all ditch and ditch rights and any shares of stock, licenses, permits and contracts evidencing such water or ditch rights, and all wells, reservoirs, dams, embankments or
fixtures relating thereto;

TOGETHER WITH all personal property, including all windmills, pumps, irrigation equipment, motors, engines, and devices of every kind now or hereafter used for
or in connection with the irrigation of the real property, or for stock watering or domestic purposes thereon, which are owned by Borrower and which are located on the real property in Columbia
County, Wisconsin, described above together with all additional accessions, replacements, improvements, repairs and substitutions to said property and the proceeds thereof and all other fixtures
now or hereafter located upon the real property, all of which are declared to be appurtenant to said real property, or incident to the ownership thereof, or used in connection therewith;

TOGETHER WITH all judgments, awards of damages, settlements and payments or security (i) hereafter made as a result of or in lieu of any taking of all or any part
of the real property under the power of eminent domain or for any damage to the real property and/or the improvements located thereon, or any part thereof, and (ii) hereafter made for any damage
to the real property and/or the improvements located thereon, or any part thereof resulting from exercise of or attempted exercise of mining rights or claims, however reserved or asserted, and
resulting from the disturbance of any of the surface of the real property. Borrower does hereby covenant and agree that Borrower will not give such consent as may be required of the owner for
mining or other surface disturbance by the terms of any patent, deed, statute, law or otherwise, without the prior written consent of Lender;

TOGETHER WITH all proceeds of and any unearned premiums on any insurance policies covering the real property and/or the improvements located thereon,
including, without limitation, the right to receive and apply the proceeds of any insurance judgments, or settlements made in lieu thereof, for damage to the real property and/or the improvements
located thereon or the indebtedness secured thereby;

TOGETHER WITH all contract rights, chattel paper, documents, accounts and general intangibles, rights to performance, entitlement to payment in cash or in kind,
or any other benefits under any current or future governmental program which pertain to the real property, whether now or hereafter existing or acquired;

TOGETHER WITH all cash and noncash proceeds of the conversion, voluntary or involuntary, of any of the foregoing;

TOGETHER WITH any and all of Borrower's right, title, and/or interest in any and all system memberships and/or ownership certificates in any non-municipal water
sewer systems now or in the future serving said property.

All replacements and additions shall also be covered by this Security Instrument. 

All of the foregoing is referred to in this Security Instrument as the "Property."

For clarity, notwithstanding the foregoing or any other provision of this Security Instrument, the Property shall specifically exclude (a) all Collateral as defined in the Security
Agreement, dated November 30, 2017, by and between Lender and S&W Seed Company granting Lender a security interest in such Collateral located in Wisconsin and securing that certain
promissory note entered into by MEW Seed Company in the amount of $2,100,00.00 in favor of Lender (Loan # R1028) and (b) all seed or other products produced, processed or stored on the
Property.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  3

BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is
unencumbered, except for encumbrances of record and specifically those permitted prior encumbrances, if any, set forth in the Permitted Prior Encumbrances Rider if said rider is attached to this
Security Instrument. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.

THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform
security instrument covering real property, fixtures, and certain personal property.

UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:

	Payment of Principal, Interest, Prepayment Charges, Yield Maintenance Premiums and Late Charges. Borrower shall pay when due the principal of, and
interest on, the debt evidenced by the Note and any yield maintenance premiums, any prepayment charges and late charges due under the Note. Payments due under the Note and this Security
Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender
may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order;
(c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity;
or (d) Electronic Funds Transfer.

Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with
the notice provisions in Section 12. Lender may return any payment or partial payment if the payment or partial payment is insufficient to bring the Loan current. Lender may accept any payment or
partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payment in the future, but Lender is not
obligated to apply such payments at the time such payments are accepted Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do
so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the
Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this
Security Instrument or performing the covenants and agreements secured by this Security Instrument.

	Application of Payments or Proceeds. Unless required by Applicable Law, payments will be applied First to accrued unpaid interest, then second to principal,
third to advances under this Security Instrument, and finally to late charges. Such payments shall be applied to each Periodic Payment in the order in which it became due.

If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to
the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if,
and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be
applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note.

Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the
amount, of the Periodic Payments.

	Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this
Security Instrument, leasehold payments or ground rents on the Property, if any.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  4

Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by
the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal
proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the
holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority
over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of
the actions set forth above in this Section 3.

Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan.

	Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included
within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained
in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The
insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require
Borrower to pay, in connection with this Loan, either (a) a one-time charge for flood zone determination, certification and tracking services; or (11) a one-time charge for flood zone determination and
certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible
for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by
Borrower.

If Borrower fails to maintain any of the coverages described above, such failure shall constitute a default under the terms of this Security Instrument and the Loan. Lender
may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall
cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser
coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have
obtained. Any amounts disbursed by Lender under this Section 4 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate
from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.

All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage
clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly
give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the
Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.

In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender
and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the
restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until
Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may
disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law
requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties,
retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would
be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds
shall be applied in the order provided for in Section 2.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  5

If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a
notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if
Lender acquires the Property under Section 25 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the
Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the
Note or this Security Instrument, whether or not then due.

	Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to
deteriorate or commit waste on the Property. Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is
determined pursuant to Section 4 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance
or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or
condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration.

Borrower will operate the Property in a good and workmanlike manner and in accordance with all Applicable Law and will pay all fees and charges of any kind in connection
therewith. Borrower will use good farming and animal husbandry practices.

Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on
the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.

	Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of
Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in
connection with the Loan.

	Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements
contained in this security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding
in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has
abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including
protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which
has priority over this Security Instrument; (b) appearing in court; (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its
secured position in a bankruptcy proceeding, (d) perform any farming operations related to the planting, growing, maintenance, and harvesting of crops located on the Property, and (e) perform any
ranching operations related to any animals located on the Property. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up
doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this
Section 7, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 7.
Lender may perform these or any other actions it deems necessary in Lender's sole discretion to preserve the value of the Property, and/or assign to others the right to do same on behalf of Lender.
Lender may make advances under this security instrument or other instrument providing security for the Note, to protect the Lender's interest in this security instrument or other instrument providing
security for the Note from loss of value or damage. Any money so advanced (including reasonable costs of recovery and attorneys' fees) plus interest at the default rate indicated in the Note shall
become an obligation due and owing under the terms of the Note immediately upon the date advanced by Lender and is an obligation of the Borrower secured by the security instrument or other
instrument providing security for the Note.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  6

Any amounts disbursed by Lender under this Section 7 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at
the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.

If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. Borrower shall not surrender the leasehold estate and interests herein
conveyed or terminate or cancel the ground lease. Borrower shall not, without the express written consent of Lender, alter or amend the ground lease. If Borrower acquires fee title to the Property,
the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.

	Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender.

If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such
Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single
disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds,
Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be
lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous
Proceeds shall be applied in the order provided for in Section 2.

In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
whether or not then due, with the excess, if any, paid to Borrower.

In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or
loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender
otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the
sums secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss in value.
Any balance shall be paid to Borrower.

In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or
loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the
Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due.

If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined in the next sentence) offers to make an award to settle
a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration
or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous
Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds.

Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material
impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 16, by
causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or
rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be
paid to Lender.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  7

All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2.

	Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this
Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender
shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this
Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including,
without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or
preclude the exercise of any right or remedy.

	Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint
and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant
and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that
Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's
consent.

Subject to the provisions of Section 15, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved
by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shalt not be released from Borrower's obligations and liability under this Security Instrument
unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 17) and benefit the successors and assigns of
Lender.

	Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in
the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express
authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited
by this Security Instrument or by Applicable Law.

If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already
collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under
the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge.

	Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this
Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any
one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be 106 K Street, Suite 300, Sacramento, CA 95814, unless
Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting
Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security
Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by
notice to Borrower. Any notice in connection with this Security instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security
Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  8

	Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the
Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow
the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security
Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting
provision.

As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the
singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action.

	Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument.

	Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 15, "Interest in the Property" means any legal or beneficial
interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is
the transfer of title by Borrower at a future date to a purchaser.

If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or
transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by
Lender if such exercise is prohibited by Applicable Law.

If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given
in accordance with Section 12 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may
invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower.

	Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security
Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as
Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all
sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses
incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting
Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights
under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement
sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such
check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security
Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section
15.

	Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or
more times without prior notice to Borrower.

Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other
party's actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or
Lender has notified the other party (with such notice given in compliance with the requirements of Section 12) of such alleged breach and afforded the other party hereto a reasonable period after
the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for
purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 25 and the notice of acceleration given to Borrower pursuant to Section 15 shall
be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 17.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  9

	Hazardous Substances. As used in this Section 18: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances,
pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents,
materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that
relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and
(d) an "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.

Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in
the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (c)
which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the
presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property
(including, but not limited to, hazardous substances in consumer products).

Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party
involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling,
leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the
value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting
the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an
Environmental Cleanup. Borrower agrees to indemnify and hold Lender free and harmless from and against all loss, costs (including attorneys' fees and costs), damage (including consequential
damages), and expenses Lender may sustain by reason of the assertion against Lender by any third-party of any claim in connection with Hazardous Substances on, in or affecting the Property.
Borrower further agrees that Lender shall have the right to join and participate in, as a party if it so elects, any legal proceedings or actions initiated in connection with any claims related to
Hazardous Substances on, in or affecting the Property, and shall pay any such attorney fees and expenses Lender incurs in connection therewith.

	Additional Property Subject To The Security Instrument. This Security Instrument also constitutes a security agreement within the meaning of the Uniform
Commercial Code as adopted in the State of Wisconsin (the "UCC"). In addition to the Property described in the Security Instrument, the following items now or hereafter attached to the
Property to the extent they are fixtures are added to the Property description, and shall also constitute the Property covered by the Security Instrument:  building materials, appliances and goods
of every nature whatsoever now or hereafter located in, on, or used, or intended to be used in connection with the Property, including, but not limited to,  those for the purposes of supplying or
distributing heating. cooling, electricity, gas, water. air and light, fire prevention  and extinguishing apparatus, security and access control apparatus, plumbing, bath tubs, water heaters, water
closets, sinks, ranges, stoves, refrigerators, dishwashers, disposals, washers, dryers, awnings, storm windows. storm doors, screens, blinds, shades, curtains and curtain rods, attached mirrors,
cabinets, paneling, attached floor coverings,  irrigation pipes and pumps, livestock fencing and pens, windmills and related equipment and pumps and specifically: All water and water rights now
owned or hereafter acquired by Debtor and howsoever evidenced, whether such  water and water rights are riparian, appropriative or otherwise and whether or not appurtenant to the real estate
described herein, all ditch/pond and ditch/pond rights and any shares of stock, licenses, permits and contracts evidencing such water or ditch rights, and all wells, reservoirs, dams, embankments or
fixtures relating thereto, along with all replacements, substitutions, accessions thereto and proceeds derived therefrom.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  10

All irrigation equipment of every kind and nature, including but not limited to center irrigation pivots,, pumps, pvc pipe, sprinklers, motors, well equipment, pumps and power
units, now owned or hereafter acquired by Debtor and now or hereafter located and situated on the real estate described herein, along with all replacements, substitutions, accessions thereto and
proceeds derived therefrom. 

All Seed Processing Equipment., all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the Property covered by the
Security Instrument. All of the foregoing together with the Property described in the Security Instrument (or the leasehold estate if the Security Instrument is on a leasehold) are referred to in this
Security Instrument as the "Property."

	Fixture Filing. This Security Instrument constitutes a "fixture filing" for the purposes of the UCC against all of the Property which is or is to become
fixtures per the UCC.

	Use of Property; Compliance With Law. Borrower shall not seek, agree to or make a change in the use of the Property or its zoning classification, unless Lender
has agreed in writing to the change. Borrower shall comply with all laws, ordinances, regulations and requirements of any governmental body applicable to the Property.

	Assignment of Leases. Upon Lender's request after default, Borrower shall assign to Lender all leases of the Property and all security deposits made in
connection with leases of the Property. Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As
used in this paragraph , the word "lease" shall mean "sublease" if the Security Instrument is on a leasehold.

	Assignment of Rents; Appointment of Receiver; Lender In Possession. Specifically excepting any receipts or revenues Borrower receives from the sale of seed
or other products produced, processed or stored at Borrower facilities on the Property, Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenues
("Rents") of the Property, regardless of to whom the Rents of the Property are payable. Borrower authorizes Lender or Lender's agents to collect the Rents, and agrees that each tenant
of the Property shall pay the Rents to Lender or Lender's agents. However, Borrower shall receive the Rents until (i) Lender has given Borrower notice of default pursuant to Sections 12 and 25 of
the Security Instrument and (ii) Lender has given notice to the tenant(s) that the Rents are to be paid to Lender or Lender's agent. This assignment of Rents constitutes an absolute assignment and
not an assignment for additional security only.

If Lender gives notices of default to Borrower: (i) all Rents received by Borrower shall be held by Borrower as trustee for the benefit of Lender only, to be applied to the sums
secured by the Security Instrument; (ii) Lender shall be entitled to collect and receive all of the Rents of the Property; (iii) Borrower agrees that each tenant of the Property shall pay all Rents due
and unpaid to Lender or Lender's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides otherwise, all Rents collected by Lender or Lender's agents shall be applied
first to the costs of taking control of and managing the Property and collecting the Rents, including, but not limited to, attorneys' fees, receiver's fees, premiums on receiver's bonds, repair and
maintenance costs, insurance premiums, taxes, assessments and other charges on the Property, and then to the sums secured by the Security Instrument; (v) Lender, Lender's agents or any
judicially appointed receiver shalt be liable to account for only those Rents actually received; and (vi) Lender shall be entitled to have a receiver appointed to take possession of and manage the
Property and collect the Rents and profits derived from the Property without any showing as to the inadequacy of the Property as security.

If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents any funds expended by Lender for
such purposes shall become indebtedness of Borrower to Lender secured by the Security Instrument pursuant to Section 7 of the Security Instrument.

Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not performed, and will not perform, any act that would prevent
Lender from exercising its rights under this paragraph.

Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take control of or maintain the Property before or after giving notice of
default to Borrower. However, Lender, or Lender's agents or a judicially appointed receiver, may do so at any time when a default occurs. Any application of Rents shall not cure or waive any default
or invalidate any other right or remedy of Lender. This assignment of Rents of the Property shall terminate when all the sums secured by the Security Instrument are paid in full.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  11

	Cross-Default Provision. Borrower's default or breach under any note or agreement in which Lender has an interest shall be a breach under the Security
Instrument and Lender may invoke any of the remedies permitted by the Security Instrument.

NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:

	Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this
Security Instrument (but not prior to acceleration under Section 15 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a
date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may
result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring
a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its
option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by
Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 25, including, but not limited to, Reasonable Attorneys' Fees (as defined in
Section 25) and costs of title evidence.

If Lender invokes the power of sale, Lender shall give notice of sale in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by
Applicable Law. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale.
The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, Reasonable Attorneys' Fees (as defined in Section 28); (b) to all sums
secured by this Security Instrument; and (c) any excess to the clerk of the circuit court of the county in which the sale is held.

	Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument. Borrower shall pay any recordation costs.
Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is permitted under Applicable
Law.

	Accelerated Redemption Periods. If the Property is a one- to four-family residence that is owner-occupied at the commencement of a foreclosure, a farm, a
church or owned by a tax exempt charitable organization, Borrower agrees to the provisions of Section 846.101 of the Wisconsin Statutes, and as the same may be amended or renumbered from
time to time, permitting Lender, upon waiving the right to judgment for deficiency, to hold the foreclosure sale of real estate of 20 acres or less six months after a foreclosure judgment is entered. If
the Property is other than a one- to four-family residence that is owner-occupied at the commencement of a foreclosure, a farm, a church, or a tax-exempt charitable organization, Borrower agrees
to the provisions of Section 846.103 of the Wisconsin Statutes, and as the same may be amended or renumbered from time to time, permitting Lender, upon waiving the right to judgment for
deficiency, to hold the foreclosure sale of real estate three months after a foreclosure judgment is entered.

	Attorneys' Fees. If this Security Instrument is subject to Chapter 428 of the Wisconsin Statutes, "Reasonable Attorneys' Fees" shall mean only those
attorneys' fees allowed by that Chapter.

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  12

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it.

S&W Seed Company, a Nevada corporation

 ________________________________

                    Signature

                    Matthew K. Szot, Chief Financial Officer             [Sign Originals. Only]

   

   

   

   

   

   

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  13

	
A notary public or other officer completing this certificate verifies only the identity of the individual
who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

STATE OF CALIFORNIA COUNTY OF)

                )

 COUNTY OF        San Diego

On this 30th day of   November  , 2017, before me,   Candelario Resendez  ,
personally appeared Matthew K. Szot, Executive Vice President of Finance and Administration and CFO of S&W Seed Company, Sole Member of Seed Holding, LLC, on behalf of said
corporation, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in
his authorized capacity, and that by his signature on the instrument the entities upon behalf of which the person acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

	
WITNESS my hand and official seal.

/s/ Candelario Resendez

  Signature

   (Seal)

   

   

   

   

	
WISCONSIN - UNIFORM INSTRUMENT
	
Form 5000.50 4/23/07

                                                                                  14

Exhibit A
Lot 1 Certified Survey Map No. 884 recorded in Volume 4 of Columbia County Certified Survey Maps at Page 104 as Document No. 441386, Town of Arlington, Columbia County,
Wisconsin.

AND

Lot 1 Certified Survey Map No. 3122 recorded in Volume 20 of Columbia County Certified Survey Maps at Page 118 as Document No. 593525, Town of Arlington, Columbia County,
Wisconsin.
APN: 11002-392.A, 11002-392.01

Property Address: W813I St Hwy 60, Arlington, WI 53911

CROSS COLLATERALIZATION RIDER

Loan # R1036

THIS CROSS COLLATERALIZATION RIDER is made this November 30, 2017, and is incorporated into and shall be deemed to amend and supplement the
Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date, given by the undersigned (the "Borrower") to secure Borrower's
Note to Conterra Agricultural Capital, LLC (the "Lender") of the same date and covering the Property described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

Columbia County, WI

[Property Address]

In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that on the date hereof the following other
loans have been entered into:

	
Borrowers/Co-Signers' Names
	
Date
	
Loan Amount/Loan No.

	
S&W Seed Company
	
11/30/2017
	
$2,100,000.00/R1028

 

each of which is evidenced by a separate promissory note (the "Other Notes"), and each of which is secured by a separate Security Agreement (the "Other
Security Instruments"). It is agreed that in addition to Borrower's Note, this Security Instrument secures the obligations, debts, and liabilities evidenced by the Other Notes and Other Security
Instruments referenced herein, plus interest thereon, which is payable by Grantor to Lender.

 

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Cross Col lateralization Rider.

 

	
S&W Seed Company, a Nevada corporation

/s/ Matthew K. Szot11/30/17

      SignatureDate

Matthew K. Szot, Chief Financial Officer
	
[Sign Originals. Only]

 

 

 

   

	
Cross-Collaterization Rider
	
 

                                                                                  1

CROSS DEFAULT RIDER

Loan # R1036

THIS CROSS DEFAULT RIDER is made this November 30, 2017, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of
Trust, or Security Deed (the "Security Instrument") of the same date, given by the undersigned (the "Borrower") to secure Borrower's Note to Conterra
Agricultural Capital, LLC (the "Lender") of the same date and covering the Property described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

Columbia County, WI

[Property Address]

In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that on the date hereof the following other
loans have been entered into:

	
Borrowers/Co-Signers' Names
	
Date
	
Loan Amount/Loan No.

	
S&W Seed Company
	
11/30/2017
	
$2,100,000.00/R1028

 

each of which is evidenced by a separate promissory note (the "Other Notes"), and each of which is secured by a separate Security Agreement (the "Other
Security Instruments"). It is agreed that any default under this Security Instrument or this Note shall be deemed a default under the Other Notes and Other Security Instruments; and any
default under any or all of the Other Notes or Other Security Instruments shall be deemed to be a default under this Note and this Security Instrument.

 

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Cross Default Rider.

   

   

	
MULTISTATE CROSS DEFAULT RIDER
	
 

                                                                                  1

	
S&W Seed Company, a Nevada corporation

/s/ Matthew K. Szot11/30/17

          SignatureDate

      Matthew K. Szot, Chief Financial Officer
	
[Sign Originals. Only]

 

 

 

 

 

   

   

	
MULTISTATE CROSS DEFAULT RIDER
	
 

                                                                                  2

FINANCIAL INFORMATION AND COVENANTS RIDER

Loan # R1036

THIS FINANCIAL INFORMATION AND COVENANTS RIDER (this "Rider") is made this Thirtieth day of November, 2017, and is
incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the
undersigned (the "Borrower") to secure Borrower's Note to Conterra Agricultural Capital, LLC (the "Lender") of the same date and covering the
Property described in the Security Instrument and located at:

Agricultural Land and Seed Processing Facilities

                    Columbia County, WI

                    [Property Address]

FINANCIAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that
Borrower will prepare and maintain Borrower's financial records using consistently applied generally accepted accounting principles then in effect. Borrower will provide Lender with financial
information in a form reasonably acceptable to Lender and under the following terms:

(If "X"ed the following terms are agreed to.)

T
Frequency. Annually, Borrower will provide to Lender Borrower's financial statements, tax returns, annual internal audit reports or those prepared by independent accountants within
90 days after the close of each fiscal year. Any annual financial statements that Borrower provides will be reviewed statements.

o
 Interim Financial Reports. Borrower will provide Lender with interim financial reports on a basis, and within days after the close of this business period. Interim financial statements will
be statements.

o
 Requested Information. Borrower will provide Lender with any other information about Borrower's operations, financial affairs and condition within 0 days after Lender's
request.

o
 Leverage Ratio. Borrower will maintain at all times a ratio of total liabilities to tangible net worth, determined under consistently applied generally accepted accounting principles, of
0.000 to 1.0 (Total Liabilities to Tangible Net Worth Ratio) or less.

o
 Minimum Tangible Net Worth. Borrower will maintain at all times a total tangible net worth, determined under consistently applied generally accepted accounting principles, of
$0.00 (Minimum Tangible Net Worth) or more. Tangible net worth is the amount by which total assets exceed total liabilities. For determining tangible net worth, total assets will exclude all
intangible assets, including without limitation goodwill, patents, trademarks, trade names, copyrights, and franchises, and will also exclude any accounts receivable that do not provide for a
repayment schedule.

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER--

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

                                                                                  1

o
 Minimum Current Ratio. Borrower will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles,
of 0 to 1.0 (Minimum Current Ratio) or more.

o
 Minimum Working Capital. Borrower will maintain at all times a working capital, determined under consistently applied generally accepted accounting principles by subtracting current
liabilities from current assets, of $0.00 (Minimum Working Capital) or more. For this determination, current assets exclude (Excluded Current Assets.). Likewise, current liabilities include (1)
all obligations payable on demand or within one year after the date on which the determination is made, and (2) final maturities and sinking fund payments required to be made within one year after
the date on which the determination is made, but exclude all liabilities or obligations that Borrower may renew or extend to a date more than one year from the date of this determination.

T
EBITDA. Adjusted EMMA/Total Annual Debt Payments no less than 1.30x (measured annually on Borrower's fiscal year basis and calculated based on Borrower's financial
statements delivered 90 days after fiscal year end).

T
Debt to Asset Ratio. Debt to Asset Ratio shall not be greater than 60% (measured annually as of the end of Borrower's fiscal year and calculated based Borrower's financial
statements delivered 90 days after fiscal year end).

Capitalized terms used, but not defined, in this Rider have the respective meanings set forth in annex A hereto. All determinations of Borrower's compliance with the
foregoing covenants will be made exclusively by reference to Borrower's financial statements delivered pursuant hereto.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Financial Information and Covenants Rider.

   

   

   

   

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER--

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

                                                                                  2

	
S&W Seed Company, a Nevada corporation

/s/ Matthew K. Szot11/30/17

                 SignatureDate

  Matthew K. Szot, Chief Financial Officer
	
[Sign Originals. Only]

 

   

   

   

   

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER--

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

                                                                                  3

ANNEX A

As used in this Rider, the following terms have the following meanings:

"Adjusted EBITDA" means, for any fiscal year of Borrower, the result of (a) Borrower's Consolidated Net Earnings for such fiscal year plus, without duplication, the aggregate
amounts deducted in determining such Consolidated Net Earnings in respect of (i) Consolidated Interest Expense, (ii) Consolidated Income Tax Expense, (iii) Consolidated Depreciation and
Amortization Charges, (iv) non-recurring separation charges, (v) non-recurring reserve for uncollectible sublease and stand establishment receivables, (vi) non-cash expenses incurred in connection
with stock-based compensation, (vii) non-cash expenses incurred in connection with amortization of debt discount, and (viii) non-cash expenses incurred prior to December 31, 2017 in connection
with derivative warrant liability; minus (b) to the extent included in Consolidated Net Earnings for such period, non-cash gains incurred prior to December 31, 2017 in connection with derivative
warrant liability.

"Consolidated" means the resultant consolidation of the financial statements of Borrower and its subsidiaries in accordance with generally accepted accounting principles in the
United States, including principles of consolidation consistent with those applied in preparation of the financial statements delivered by Borrower pursuant to this Rider.

"Consolidated Depreciation and Amortization Charges" means, for any fiscal year of Borrower, the aggregate of all depreciation and amortization charges for fixed assets, leasehold
improvements and general intangibles (specifically including goodwill) of Borrower for such period, as determined on a Consolidated basis.

"Consolidated Income Tax Expense" means, for any fiscal year of Borrower, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any
additions to such taxes, and any penalties and interest with respect thereto), as determined on a Consolidated basis.

"Consolidated Indebtedness" means, as of the end of any fiscal year of Borrower, the total Indebtedness of Borrower as of such date, as determined on a Consolidated basis.

"Consolidated Interest Expense" means, for any fiscal year of Borrower, the interest expense of Borrower for such fiscal year, as determined on a Consolidated basis.

"Consolidated Net Earnings" means, for any fiscal year of Borrower, the net income (loss) of Borrower for such fiscal year, as determined on a Consolidate basis,

"Consolidated Total Assets" means, as of the end of any fiscal year of Borrower, the total assets of Borrower as of such date, as determined on a Consolidated basis,

"Debt to Asset Ratio" means, as of the end of any fiscal year of Borrower, the ratio of (a) Consolidated Indebtedness to (b) Consolidated Total Assets.

"Indebtedness" means, without duplication, (a) all obligations to repay borrowed money, direct or indirect, incurred, assumed, or guaranteed, (b) all obligations in respect of the
deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business), (c) all obligations under conditional sales or other title retention agreements,
(d) all obligations (contingent or otherwise) under any letter of credit or banker's acceptance, (e) all net obligations under any currency swap agreement, interest rate swap, cap, collar or floor
agreement or other interest rate management device, ( 0 all synthetic leases, (g) all capitalized lease obligations, (h) all obligations of Borrower with respect to asset securitization financing
programs, (i) all obligations to advance funds to, or to purchase assets, property or services from, any other person or entity in order to maintain the financial condition of such person or entity, (j) all
indebtedness of the types referred to in subparts (a) through (i) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which
Borrower is a general partner or joint venturer, unless such indebtedness is expressly made non-recourse to Borrower, (k) any other transaction (including forward sale or purchase agreements)
having the commercial effect of a borrowing of money entered into by Borrower to finance its operations or capital requirements, and (I) any guaranty of any obligation described in subparts (a)
through (k) above.

"Total Annual Debt Payments" means, for any fiscal year of Borrower, the aggregate, without duplication, of (a) Borrower's Consolidated Interest Expense paid in cash for such fiscal
year, and (b) Borrower's principal payments on Consolidated Indebtedness paid in cash for such fiscal year, excluding, in each case, (i) payments of principal under the Credit and Security
Agreement, dated as of September 22, 2015, between Borrower and KeyBank National Association, as amended from time to time, or any replacement facility therefore, (ii) payments of principal
under any working capital line of credit maintained by Borrower's Seed Genetics International Pty Ltd subsidiary and (iii) payments of principal that certain Promissory Note dated December 31,
2014 made by Borrower in favor and for the benefit of Pioneer Hi-Bred International, Inc., as amended from time to time.

	
MULTISTATE FINANCIAL INFORMATION AND COVENANTS RIDER--

Farmer Mac UNIFORM INSTRUMENT
		
Form FM 5001 4/23/2007

                                                                                  4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00279-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00279-of-00352.parquet"}]]