Supplemental Agreement to Loan Contract
Exhibit 4.31
English Translation for Reference
Supplemental Agreement to Loan Contract
Party A: Agria Brother Biotech (Shenzhen) Co., Ltd.
Party B: Xxxx Xxxxxxx, with ID card number: [Redacted]
Party C: Xxx Xxxxx, with ID card number: [Redacted]
Whereas:
1. | Party A and Party B entered into a Loan Contract on November 3, 2009 for an amount of RMB1,500,000; |
2. | Party A and Party C entered into a Loan Contract on March 13, 2013 for an amount of RMB1,500,000; |
3. | Party B and Party C entered into an Equity Transfer Agreement on March 13, 2013 for transferring 5% equity interest in Shenzhen PGW Seeds Co., Ltd. (formerly known as Shenzhen Zhongyuan Agriculture Co., Ltd.) |
Party A, Party B and Party C have reached the following agreement in respect of the provision of a loan by Party A to Party B after friendly consultation:
1. | Party B agrees that Party C shall not be required to pay the equity transfer prices to Party B in accordance with the Equity Transfer Agreement dated March 13, 2013; |
Party C agrees that Party A shall not be required to provide the loan under the Loan Contract dated March 13, 2013 to Party C; |
Upon completion of the equity transfer, Party A will waive any repayment obligations of Party B under the Loan Contract dated November 3, 2009. |
2. | Upon completion of the equity transfer, the Exclusive Call Option Contract and the Equity Pledge Contract entered into between Party B and Party A on November 3, 2009 will be terminated. |
3. | This Contract is executed in three originals and each of the parties shall keep one original. All of them shall have the same legal effect. |
4. | This Contract shall become effective after it is signed and sealed by Party A and signed by Party B and Party C. |
(This is the signature page)
Party A: Agria Brother Biotech (Shenzhen) Co., Ltd.
[Chop of Agria Brother Biotech (Shenzhen) Co., Ltd. is affixed]
/s/
Party B: Xxxx Xxxxxxx
/s/ Xxxx Xxxxxxx
Party C: Xxx Xxxxx
/s/ Xxx Xxxxx
Date of execution: March 13, 2013