Supplemental Agreement to Loan Contract
011-Supplemental Agreement to Loan Contract 20130507
Exhibit 4.14
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 the Loan Contracts on July 11, 2011 for an amount of RMB3,500,000;
2. Party A and Party C entered into the Loan Contracts on May 7, 2013 for an amount of RMB3,500,000;
3. Party B and Party C entered into the Equity Transfer Agreements on March 13, 2013for transferring 5% shareholding of Shenzhen Zhongguan Agricultural Group 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. | Pursuant to the Loan Contract dated July 11, 2011 between Party A and Party B, Party B shall return the loan of RMB3,500,000 to Party A when the Loan Contract terminated. Pursuant to the Equity Transfer Agreement dated March 13, 2013 between Party B and Party C, Party C shall pay Party A RMB3,500,000 for the equity transfer price of Shenzhen Zhongguan Agricultural Group Co., Ltd. Upon the agreement between Party B and Party C, Party C would undertake the loan liability from Party B to return Party A’s loan. |
2. | Party A agrees and accepts the loan liability of Party A would be undertaken by Party B, Party A and Party C would enter into a new Loan Contract. Simultaneously, after the completion of the transfer of Shenzhen Zhongguan Agricultural Group Co., Ltd’s equity between Party B and Party C, the Loan Contract, Equity Pledge Contract and Exclusive Call Option Contract entered into on July 11, 2013, 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. |
011-Supplemental Agreement to Loan Contract 20130507
(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: May 7, 2013