Document:

January 7, 2015 Exhibit 10.11

    EXHIBIT 10.11

CONFIDENTIAL

EXECUTION VERSION

Patent License Agreement

This Patent License Agreement ("Agreement") is made this December 31, 2014 (the "Effective Date"), by and between
Pioneer Hi-Bred International, Inc., an Iowa corporation, with headquarters at 7100 NW 62nd Avenue, P.O. Box 1014, Johnston, Iowa 50131-1014, US (hereafter
"Pioneer") and S&W Seed Company, a Nevada corporation, with headquarters at 25552 South Butte Avenue, Five Points, California 93624 (hereafter
"Licensee"). Licensee or Pioneer, a "Party", and jointly, the "Parties".

Recitals

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

	Pioneer non-exclusively owns certain Patent Rights related to a seed coating treatment, as defined herein, which were developed by inventors John M. Lyons,
Richard L. Long and G. Edwin Burgess.  John M. Lyons and G. Edwin Burgess each assigned their rights in the invention subject to the Patent Rights to Pioneer on January 6, 1998 and
January 7, 1998, respectively, and the assignment was recorded at the USPTO on April 29, 1999, at Reel/Frame 010006/0343.  Richard L. Long assigned his rights in the invention subject to
the Patent Rights to Coating Machinery Systems, Inc. on January 6, 1998, and the assignment was recorded at the USPTO on April 29, 1999, at Reel/Frame 010006/0303.

	Licensee wishes to obtain a license from Pioneer under Patent Rights to manufacture, have manufactured and use the seed coating treatment, and Pioneer is
willing to provide such rights to Licensee.

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

NOW, THEREFORE, in consideration of the mutual covenants and promised herein contained, the Parties agree as follows:

Article 1 - Definitions

1.1   "Affiliate" means, with respect to any Person, (a) any other Person directly or indirectly controlling, controlled by or under common control with
such first Person, (b) any officer, director, general partner, member or trustee of such Person or (c) any Person who is an officer, director, general partner, member or trustee of any Person
described in clause (a) or (b) of this sentence.  For purposes of this definition, the terms "control," "controlling," "controlled by" or

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"under common control
with" shall mean the possession, direct or indirect, of the power to control the management of a Person, whether through the ownership of voting securities, by contract or otherwise.  For
the avoidance of doubt, an entity shall not be deemed an Affiliate of a Person if the Person does not control such entity, irrespective of whether the Person owns fifty percent (50%) or more of
such entity's shares of capital stock, limited liability company interests or other equity interests.

1.2   "APSA" is defined in the Recitals.

1.3   "Licensed Field" means a seed coating for alfalfa seed.  

1.4   "Licensed Product" means any seed coating for alfalfa seeds produced and used by or behalf of Licensee or its Affiliates which is covered by
an issued, valid, unexpired and unabandoned claim in Patent Rights pursuant to this agreement.

1.5   "License Term" is defined in Section 4.2.

1.6   "Licensed Territory" means the United States.

1.7   "Patent Rights" means Pioneer's rights claimed in United States Patent Number 6,202,346, which has a 20 year term from the patent's effective
filing date of October 30, 1997 (expiration date October 30, 2017).

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

Article 2: Rights Granted to Licensee

2.1   Subject to the terms of this Agreement, Pioneer hereby grants to Licensee and its Affiliates, and Licensee hereby accepts and accepts on behalf of its Affiliates,
during the License Term, a royalty-free, non-exclusive license, with the right to grant sublicenses, in the Licensed Field, to make, have made, use, sell, offer to sell, import, export, transfer,
distribute or otherwise dispose of coated alfalfa seed, which coating is a Licensed Product, in the Licensed Territory. For clarity, no rights are granted for non-alfalfa seed.

2.2   The rights acquired herein by Licensee are transferable. 

2.3   The scope of the license in Section 2.1 is strictly limited to the grant therein. Licensee agrees not to use any of the rights granted in Section 2.1
for any other purpose.

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2.4   Pioneer covenants and agrees that it shall not, during the License Term, license the Patent Rights to any Person (other than Pioneer's Affiliates) within the Licensed
Field in the Licensed Territory.

Article 3: Representations and Warranties

Pioneer hereby represents and warrants to Licensee that as of the date of this Agreement, to Pioneer's knowledge:

(a)no written claim or demand of any Person has been made nor is there any Proceeding that is pending or Threatened that challenges the rights of Pioneer or its
Affiliates in respect of the Patent Rights;

(b)none of the Patent Rights are subject to any outstanding Order or stipulation by or with any Governmental Body; and

(c)none of the Patent Rights have been adjudged invalid or unenforceable in whole or part.  

Article 4: Term and Termination

4.1Subject to the provisions in the APSA, this Agreement may not otherwise be terminated by either Party.

4.2 This Agreement expires upon expiration of United States Patent Number 6,202,346 as provided in the Patent Rights (the "License Term").

 

[Signature page follows]

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

 

 

	 	
PIONEER:

	 	
PIONEER HI-BRED INTERNATIONAL, INC.  

	 	 
	 	 
	
By:
	_________________________________________

	
Name:
	_________________________________________

	
Title:
	_________________________________________

 

	 	
LICENSEE:

	 	
S&W Seed Company

	 	 
	 	 
	
By:
	_________________________________________

	
Name:
	_________________________________________

	
Title:
	_________________________________________

                                                                4January 7, 2015 Exhibit 10.12

    EXHIBIT 10.12

CONFIDENTIAL

EXECUTION VERSION

PATENT ASSIGNMENT AGREEMENT

This Patent Assignment Agreement (this "Agreement") is made as of the 31st day of December, 2014 (the
"Effective Date"), by and between Pioneer Hi-Bred International, Inc., an Iowa corporation with a principal place of business at 7100 N.W. 62nd Avenue, Johnston,
IA 50131, USA ("Seller") and S&W Seed Company, a Nevada Corporation with a principal place of business at 25552 South Butte
Avenue, Five Points, California 93624 ("Buyer"). Unless otherwise defined herein, capitalized terms shall have
the meaning ascribed to them in that certain Asset Purchase and Sale Agreement dated as of December 19, 2014 by and between Seller and Buyer (the "APSA").

WHEREAS, Seller is the owner of the Transferred Patents;

WHEREAS, in connection with the Contemplated Transactions, Seller desires to assign to Buyer, and Buyer desires to accept from Seller, all of Seller's right, title and
interest in and to the Transferred Patents; and

WHEREAS, this Agreement is being executed and delivered by the parties pursuant to Section 5.1 of the APSA.

NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, hereby agree as follows:

ARTICLE 1. INTELLECTUAL PROPERTY RIGHTS

1.1Seller hereby assigns, transfers and sets over unto Buyer, its successors and assigns, Seller's entire right, title, and interest in and to the Transferred
Patents, and any and all continuations, continuations-in-part, renewals, reexaminations, reissues, divisionals, extensions, and foreign counterparts thereof, all priority rights pursuant to the
International Convention for the Protection of Industrial Property for the Transferred Patents, and all rights to sue for, to claim and to recover for all past, present and future infringement
thereof; the same to be held and enjoyed by Buyer for its own use and benefit, to the full end of the term for which the Transferred Patents are granted, as fully and entirely as the same would
have been held by Seller had this assignment not been made.

1.2Seller will cooperate in executing appropriate documents reasonably requested by Buyer to complete formalities for perfecting the assignment and recording of
the Transferred Patents, including, without limitation, assignments from Seller substantially in the form of assignment attached hereto in Schedule A, upon request of Buyer.  Further,
Seller agrees that, upon request and without further compensation, Seller and its employees, consultants, legal representatives, and its and their successors and/or assigns, will perform any
and all lawful acts, including the execution of oaths, assignments, powers of attorney, and any and all other papers, which Buyer, its successors, assigns, and/or representatives shall
reasonably consider necessary for vesting, perfecting, recording, or maintaining the title of Buyer, its successors and assigns, to said Transferred Patents.  All costs associated with the
foregoing, including, but not limited to, all legalization and notarization costs, shall be borne by Buyer.

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1.3To the extent that any conflict exists between the terms of the form of assignment in Schedule A and the terms of this Agreement, the terms of this
Agreement shall control.

1.4Warranties; Limitation on Liability.

(a)Nothing in this Agreement shall be construed as:

(i)a warranty or representation by Seller as to the validity or scope of any of the Transferred Patents;

(ii)a warranty or representation that the practice rights under the Transferred Patents are, or will be, free from infringement of any patents of third parties; or

(iii)any obligation on Seller to furnish any know-how.

(b)EXCEPT AS SET FORTH IN THE APSA, SELLER MAKES NO, AND HEREBY EXPRESSLY DISCLAIMS ANY AND ALL, EXPRESS OR IMPLIED
WARRANTIES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NONINFRINGEMENT)
WITH RESPECT TO THE TRANSFERRED PATENTS OR THE DEVELOPMENT, USE, PRODUCTION, MANUFACTURE, MARKETING, DISTRIBUTION OR SALE OF PRODUCTS
RELATED TO THE TRANSFERRED PATENTS.  NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, IN NO EVENT SHALL SELLER BE LIABLE TO BUYER
OR ITS AFFILIATES FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, WITHOUT LIMITATION, LOST PROFITS).

ARTICLE 2. DISPUTE RESOLUTION

2.1In the event any dispute between the parties involving the Transferred Patents cannot be solved by good faith discussions between the parties, such
dispute arising out of or relating to a party's performance or non-performance under this Agreement, or the interpretations, validity or effectiveness of this Agreement, and any other provision
of this Agreement, shall be resolved in accordance with Section 10.3 of the APSA.

2.2This Agreement shall be governed by the substantive laws of the State of Delaware without regard to its conflicts of laws principles, and, except as otherwise
provided herein, the State and Federal courts in the City of Wilmington, Delaware shall have exclusive jurisdiction over any Proceeding seeking to enforce any arbitration agreement or award.
The parties hereto do hereby irrevocably (a) submit themselves to the personal jurisdiction of such courts, (b) agree to service of such courts' process upon them with respect to any such
proceeding, (c) waive any objection to venue laid therein or based upon forum non conveniens and (d) consent to service of process by registered mail, return receipt requested in
accordance with and at its address set forth in Section 10.2 of the APSA (as such address may be updated from time to time in accordance with the terms of Section 10.2 of the APSA).

2.3EACH PARTY HEREBY WAIVES TO THE FULLEST EXTENT ALLOWED UNDER LEGAL REQUIREMENTS, ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT.

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ARTICLE 3. MISCELLANEOUS

3.1Except as otherwise expressly provided in this Agreement, each party to this Agreement shall bear its respective expenses incurred in connection
with the preparation, execution and performance of this Agreement and the Contemplated Transactions, including all fees and expenses of agents, representatives, counsel and
accountants.

3.2All notices, consents, waivers, and other communications under this Agreement must be
in writing and shall be deemed to have been duly given when (a) delivered by hand (with written confirmation of receipt), (b) upon written confirmation of receipt when sent by facsimile
transmission or other electronic means; provided, that a hard copy is mailed by registered mail, return receipt requested promptly thereafter or (c) when received by the addressee, if
sent by a nationally recognized overnight delivery service (receipt requested), in each case to the appropriate addresses set forth below (or to such other addresses as a party may designate
by notice to the other parties):

If to Seller:  

Pioneer Hi-Bred International, Inc.

   Attention:  President

   DuPont Pioneer

   7100 N.W. 62nd Avenue

   P.O. Box 1014

   Johnston, IA  50131-1014

   Fax: (515) 535-7066

With a copy to:  

Pioneer Hi-Bred International, Inc.

   Attention:  General Counsel

   DuPont Pioneer

   7250 N.W. 62nd Avenue

   P.O. Box 1014

   Johnston, IA  50131-1014

   Fax: (515) 535-4844

If to Buyer:

S&W Seed Company

   1974 N. Gateway Blvd., Suite 104

   Fresno, CA 93727

   Fax: (559) 255-5457

3.3If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain in
full force and effect.  Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

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3.4This Agreement shall apply to, be binding in all respects upon and inure to the benefit of the successors and permitted assigns of the parties.  Unless
otherwise expressly provided herein, nothing expressed or referred to in this Agreement shall be construed to give any person or entity other than the parties to this Agreement any legal or
equitable right, remedy or claim under or with respect to this Agreement or any provision of this Agreement.  This Agreement and all of its provisions and conditions are for the sole and
exclusive benefit of the parties to this Agreement and their successors and permitted assigns.

3.5This Agreement supersedes all prior agreements between the parties with respect to its subject matter and constitutes (along with the APSA and other
Transaction Documents) a complete and exclusive statement of the terms of the agreement between the parties with respect to its subject matter.  This Agreement may not be amended
except by a written agreement executed by Buyer and Seller.  Any items listed, set forth, described or otherwise disclosed on or in any part of this Agreement, the Schedules or the
Exhibits hereto shall be deemed listed, set forth, described and otherwise disclosed on or in all other parts of this Agreement, the Schedules or the Exhibits
hereto.

3.6The headings of Articles and Sections in this Agreement and the headings in the Schedules and Exhibits attached hereto are provided for
convenience only and shall not affect its construction or interpretation.  With respect to any reference made in this Agreement to a Section (or Article, clause or
preamble), Exhibit, or Schedule, such reference shall be to the corresponding section (or article, clause or preamble) of, or the corresponding exhibit or schedule to, this
Agreement.  All words used in this Agreement shall be construed to be of such gender or number as the circumstances require.  Unless otherwise expressly provided, the words
"including", "include" and "includes" do not limit the preceding words or terms and any list of words or terms following the words "including",
"include" and "includes" is not an exhaustive list.  Any reference to a specific "day" or to a period of time designated in "days" shall mean a
calendar day or period of calendar days unless the day or period is expressly designated as being a Business Day or period of Business Days.  The use of "or" is not intended to
be exclusive unless expressly indicated otherwise.  All amounts denominated in dollars or "$" in this Agreement are references to United States dollars unless expressly indicated
otherwise.  The parties hereto acknowledge and agree that (a) each party and its counsel have reviewed and negotiated the terms and provisions of this Agreement and have contributed to
its revision, (b) the rule of construction to the effect that any ambiguities are resolved against the drafting party shall not be employed in the interpretation of this Agreement and (c) the terms
and provisions of this Agreement shall be construed fairly as to all parties hereto, regardless of which party was generally responsible for the preparation of this Agreement.

3.7Notwithstanding any termination of this Agreement, the provisions of Articles 2 and 3 will survive the expiration or termination of this
Agreement and will remain in effect.

3.8This Agreement may be executed in any number of counterparts (including via facsimile or portable document format (PDF)), each of which will be deemed to
be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement.

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3.9Neither the making nor the acceptance of this Agreement shall enlarge, restrict or otherwise alter or modify the terms of the APSA or constitute a waiver or
release by Buyer or Seller of any liabilities, duties or obligations imposed upon any of them by the terms of the APSA.  Seller makes no representations or warranties, express or implied, with
respect to any of the Transferred Patents, other than the representations and warranties expressly made by Seller in Section 1.4 and the APSA.

3.10The terms and conditions of this Agreement may not be superseded, modified, or amended except in a writing stating that it is such a modification and signed
by an authorized representative of each party hereto. 

[Signature Page Follows]

                                                                5

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

	
PIONEER HI-BRED
INTERNATIONAL, INC.  
	
S&W SEED COMPANY  

	 	 
	 	 
	
By: _______________________________________
	By: _________________________________________

	
Name: _____________________________________
	Name:_________________________________________

	
Title: _____________________________________
	Title: _________________________________________

                Signature Page to Patent Assignment Agreement

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