<SEC-DOCUMENT>0001144204-12-058223.txt : 20121029
<SEC-HEADER>0001144204-12-058223.hdr.sgml : 20121029
<ACCEPTANCE-DATETIME>20121029131049
ACCESSION NUMBER:		0001144204-12-058223
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20121215
FILED AS OF DATE:		20121029
DATE AS OF CHANGE:		20121029
EFFECTIVENESS DATE:		20121029

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			China Green Agriculture, Inc.
		CENTRAL INDEX KEY:			0000857949
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE CHEMICALS [2870]
		IRS NUMBER:				363526027
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34260
		FILM NUMBER:		121166377

	BUSINESS ADDRESS:	
		STREET 1:		3RD FLOOR, BOROUGH A, BLOCK A. NO.181,
		STREET 2:		SOUTH TAIBAI ROAD,
		CITY:			XIAN, SHAANXI PROVINCE,
		STATE:			F4
		ZIP:			710065
		BUSINESS PHONE:		3034996000

	MAIL ADDRESS:	
		STREET 1:		3RD FLOOR, BOROUGH A, BLOCK A. NO.181,
		STREET 2:		SOUTH TAIBAI ROAD,
		CITY:			XIAN, SHAANXI PROVINCE,
		STATE:			F4
		ZIP:			710065

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DISCOVERY TECHNOLOGIES INC
		DATE OF NAME CHANGE:	20071114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DISCOVERY TECHNOLOGIES INC /KS/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DISCOVERY SYSTEMS INC
		DATE OF NAME CHANGE:	19900613
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>v326833_def14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
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     <TITLE></TITLE>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>SCHEDULE
14A INFORMATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">Proxy Statement
Pursuant to Section&nbsp;14(a) of the Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Filed by the Registrant <FONT STYLE="font-family: Wingdings">&thorn;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Filed by a Party other than the
Registrant&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT STYLE="font-family: Wingdings">o</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Check the appropriate box:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; font-family: Wingdings"><FONT STYLE="color: Black">o</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="color: Black">Preliminary Proxy Statement</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings"><FONT STYLE="color: Black">o</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="color: Black">Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-
    6(e)(2) )</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings"><FONT STYLE="color: Black">&thorn;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Definitive Proxy Statement</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings"><FONT STYLE="color: Black">o</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Definitive Additional Materials</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings"><FONT STYLE="color: Black">o</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Soliciting Material Pursuant to &sect;240.14a-12</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>CHINA
GREEN AGRICULTURE, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">(Name of Registrant
as Specified In Its Charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">(Name of Person(s)
Filing Proxy Statement, if other than the Registrant)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Payment of Filing Fee (Check the
appropriate box):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; font-family: Wingdings"><FONT STYLE="color: Black">&thorn;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="color: Black">No fee required.</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings"><FONT STYLE="color: Black">o</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="color: Black">(1)</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 92%"><FONT STYLE="color: Black">Title of each class of securities to which transaction applies:</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">(2)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Aggregate number of securities to which transaction applies:</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">(3)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule&nbsp;0-11
    (set forth the amount on which the filing fee is calculated and state how it was determined):</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">(4)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Proposed maximum aggregate value of transaction:</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">(5)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Total fee paid:</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; font-family: Wingdings"><FONT STYLE="color: Black">o</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="color: Black">Fee paid previously with preliminary materials.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings"><FONT STYLE="color: Black">o</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Check box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2)
    and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement
    number, or the Form or Schedule and the date of its filing.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="color: Black">(1)</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 92%"><FONT STYLE="color: Black">Amount Previously Paid:</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">(2)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Form, Schedule or Registration Statement No.:</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">(3)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Filing Party:</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">(4)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Date Filed:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><img src="tlogo.jpg"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black">October 29, 2012</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Dear Stockholder:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">On
behalf of the Board of Directors of China Green Agriculture, Inc. (the &ldquo;Company&rdquo; or &ldquo;we&rdquo;), I invite you
to attend our 2012 Annual Meeting of Stockholders (the &ldquo;Annual Meeting&rdquo;).&nbsp;&nbsp;We hope you can join us.&nbsp;&nbsp;The
Annual Meeting will be held:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.5in"><FONT STYLE="color: Black">At:</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Shaanxi Techteam Jinong
        Humic Acid Product Co., Ltd.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Xi&rsquo;an Office, 3F,
        Borough A, Block A</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">No. 181 South Taibai Road
        Xi&rsquo;an Shaanxi, People&rsquo;s Republic of China</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.5in"><FONT STYLE="color: Black">On:</FONT></TD>
    <TD><FONT STYLE="color: Black">December 15, 2012</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.5in"><FONT STYLE="color: Black">Time:</FONT></TD>
    <TD><FONT STYLE="color: Black">10:00 a.m., local time</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Notice of Annual Meeting of Stockholders, the Proxy Statement, the proxy card, and our 2012 Annual Report accompany this letter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">At
the Annual Meeting, we will report on important activities and accomplishments of the Company and review the Company&rsquo;s financial
performance and business operations.&nbsp;&nbsp;You will have an opportunity to ask questions and gain an up-to-date perspective
on the Company and its activities, and to meet certain directors and key executives of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">As
discussed in the enclosed Proxy Statement, the Annual Meeting will also be devoted to (i) the election of directors, (ii) approval
of an amendment to the Company&rsquo;s 2009 Equity Incentive Plan to increase the number of shares of common stock reserved under
the Plan, and (iii) consideration of any other business matters properly brought before the Annual Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">We
know that many of our stockholders will be unable to attend the Annual Meeting.&nbsp;&nbsp;We are soliciting proxies so that each
stockholder has an opportunity to vote on all matters that are scheduled to come before the stockholders at the Annual Meeting.&nbsp;&nbsp;Whether
or not you plan to attend, please take the time now to read the Proxy Statement and vote via the Internet or, if you prefer, submit
by mail a paper copy of your proxy or voter instructions card, so that your shares are represented at the meeting.&nbsp;&nbsp;You
may also revoke your proxy or voter instructions before or at the Annual Meeting.&nbsp;&nbsp;Regardless of the number of Company
shares you own, your presence in person or by proxy is important for quorum purposes and your vote is important for proper corporate
action.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Thank
you for your continuing interest in China Green Agriculture, Inc.&nbsp;&nbsp;We look forward to seeing you at the Annual Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">If
you have any questions about the Proxy Statement, please contact us at China Green Agriculture, Inc., 3rd Floor, Borough A, Block
A. No. 181, South Taibai Road, Xian, Shaanxi Province, People&rsquo;s Republic of China 710065.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">Sincerely, &nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 25%; border-bottom: windowtext 1pt solid"><FONT STYLE="color: Black">/s/ Tao Li &nbsp;</FONT></TD>
    <TD STYLE="width: 25%; padding-bottom: 1pt; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">Tao Li &nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">President and&nbsp;Chief Executive Officer &nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B><U>TABLE
OF CONTENTS</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="width: 91%; text-decoration: underline"><FONT STYLE="color: Black">NOTICE OF ANNUAL MEETING OF STOCKHOLDERS</FONT></TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="color: Black">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">PROXY STATEMENT</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">PROPOSAL 1 &ndash; ELECTION OF DIRECTORS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">4</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black"><U>PROPOSAL 2 &ndash; <FONT STYLE="text-transform: uppercase">approval
    of an amendment to the Company&rsquo;s 2009 Equity Incentive Plan to increase the number of shares of common stock reserved
    under the Plan</FONT></U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">7</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">11</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">EXECUTIVE COMPENSATION</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">13</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">REPORT OF THE COMPENSATION COMMITTEE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">EXECUTIVE COMPENSATION TABLES</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">PAYMENTS UPON TERMINATION OR CHANGE-IN-CONTROL</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">DIRECTOR COMPENSATION</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">CORPORATE GOVERNANCE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">20</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">REPORT OF THE AUDIT COMMITTEE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">23</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">STOCKHOLDER PROPOSALS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">24</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">ANNUAL REPORT ON FORM 10-K</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">24</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="text-decoration: underline"><FONT STYLE="color: Black">OTHER MATTERS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">24</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>CHINA GREEN
AGRICULTURE, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>NOTICE OF
ANNUAL MEETING OF STOCKHOLDERS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>to be held
on</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>December
15, 2012</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">To the Stockholders of CHINA GREEN
AGRICULTURE, INC.:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Notice
is hereby given that the Annual Meeting of Stockholders (the &ldquo;Annual Meeting&rdquo;) of China Green Agriculture, Inc., a
Nevada corporation (the &ldquo;Company&rdquo;), will be held on Saturday, December 15, 2012, at 10:00 a.m., local time, at the
headquarters of our wholly-owned subsidiary Shaanxi Techteam Jinong Humic Acid Product Co., Ltd. at 3F, Borough A, Block A, No.
181 South Taibai Road Xi&rsquo;an Shaanxi, People&rsquo;s Republic of China for the following purposes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">To elect
                                                              five persons to the Board of Directors of the Company, each to serve
                                                              until the next annual meeting of stockholders of the Company or
                                                              until such person shall resign, be removed or otherwise leave office;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">To amend
                                                              the Company&rsquo;s 2009 Equity Incentive Plan to increase the number
                                                              of shares that are available for issuance thereunder; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 44.25pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">To transact
                                                              such other business as may properly come before the Annual Meeting
                                                              or any adjournment thereof.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 38.25pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Only
stockholders of record at the close of business on October 29, 2012 (the &ldquo;Record Date&rdquo;) are entitled to notice and
to vote at the Annual Meeting and any adjournment or postponement thereof.&nbsp;&nbsp;In accordance with the rules of the Securities
and Exchange Commission, we will post our proxy materials on the Internet beginning on November 5, 2012, the date we will mail
Notices of Internet Availability of Proxy Materials (and, to the extent required or appropriate, full sets of proxy materials)
to the holders of record and beneficial owners of our common stock as of the close of business on the Record Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">A
Proxy Statement describing the matters to be considered at the Annual Meeting is attached to this Notice. Our 2012 Annual Report
accompanies this notice, but it is not deemed to be part of the Proxy Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>It
is important that your shares are represented at the Annual Meeting.&nbsp;&nbsp;We urge you to review the attached Proxy Statement
and, whether or not you plan to attend the Annual Meeting in person, please vote your shares promptly by casting your vote via
the Internet or, if you receive a full set of proxy materials by mail or request one be mailed to you, and prefer to mail your
proxy or voter instructions, please complete, sign, date, and return your proxy or voter instructions card in the pre-addressed
envelope provided, which requires no additional postage if mailed in the United States.&nbsp;&nbsp;You may revoke your vote by
submitting a subsequent vote over the Internet or by mail before the Annual Meeting, or by voting in person at the Annual Meeting.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">If
you plan to attend the meeting, please notify us of your intentions.&nbsp;&nbsp;This will assist us with meeting preparations.&nbsp;&nbsp;If
your shares are not registered in your own name and you would like to attend the Annual Meeting, please follow the instructions
contained in the Notice of Internet Availability of Proxy Materials and any other information forwarded to you by your broker,
trust, bank, or other holder of record to obtain a valid proxy from it.&nbsp;&nbsp;This will enable you to gain admission to the
Annual Meeting and vote in person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">By Order of the Board of Directors,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 25%; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">/s/ Tao Li</FONT></TD>
    <TD STYLE="width: 25%; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">Tao Li</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">Chairman of the Board</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">October 29, 2012</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>CHINA GREEN
AGRICULTURE, INC.</B><BR>
<B>3<SUP>rd</SUP> Floor, Borough A, Black A. No. 181</B><BR>
<B>South Taibai Road, Xi&rsquo;an, Shaanxi Province</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>People&rsquo;s
Republic of China 710065</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>PROXY STATEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>INFORMATION
CONCERNING SOLICITATION AND VOTING</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">This
Proxy Statement and the accompanying proxy are being furnished with respect to the solicitation of proxies by the Board of Directors
of China Green Agriculture, Inc., a Nevada corporation (the &ldquo;Company&rdquo; or &ldquo;we&rdquo;), for our 2012 Annual Meeting
of Stockholders (the &ldquo;Annual Meeting&rdquo;).&nbsp;&nbsp;The Annual Meeting will be held on Saturday, December 15, 2012,
at 10:00 a.m., local time, and at any adjournment(s) or postponement(s) thereof, at the headquarters of our wholly-owned subsidiary,
Shaanxi Techteam Jinong Humic Acid Product Co., Ltd. located at 3F, Borough A, Block A, No. 181 South Taibai Road Xi&rsquo;an
Shaanxi, People&rsquo;s Republic of China.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
date on which the Proxy Statement and form of proxy card are intended to be sent or made available to stockholders is November
5, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
purposes of the Annual Meeting are to seek stockholder approval of the following proposals: (i) electing five (5) directors to
our Board of Directors (the &ldquo;Board&rdquo;) and (ii) approval of an amendment to the Company&rsquo;s 2009 Equity Incentive
Plan to increase the number of shares of common stock reserved under the Plan.&nbsp;&nbsp;We will also transact such other business
as may properly come before the Annual Meeting or any adjournment thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Who May Vote</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Only
stockholders of record of our common stock, par value $.001 per share, as of the close of business on October 29, 2012 (the &ldquo;Record
Date&rdquo;) are entitled to notice and to vote at the Annual Meeting and any adjournment or adjournments thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">A
list of stockholders entitled to vote at the Annual Meeting will be available at the Annual Meeting and for ten days prior to
the Annual Meeting, during office hours, at our executive offices located at 3rd Floor, Borough A, Block A. No. 181, South Taibai
Road, Xian, Shaanxi Province, People&rsquo;s Republic of China 710065, by contacting our Chief Financial Officer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
presence at the Annual Meeting of one-third of the outstanding shares of our common stock as of the Record Date, in person or
by proxy, is required for a quorum.&nbsp;&nbsp;Should you submit a proxy or voter instructions, even though you abstain as to
one or more proposals, or you are present in person at the Annual Meeting, your shares shall be counted for the purpose of determining
if a quorum is present.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Broker
&ldquo;non-votes&rdquo; are not included for the purposes of determining whether a quorum of shares is present at the Annual Meeting.&nbsp;&nbsp;A
broker &ldquo;non-vote&rdquo; occurs when a nominee holder, such as a brokerage firm, bank or trust company, holding shares of
record for a beneficial owner does not vote on a particular proposal because the nominee holder does not have discretionary voting
power with respect to that item and has not received voting instructions from the beneficial owner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">As
of the Record Date, we had issued and outstanding 27,938,839 shares of our common stock. Each record holder of our common stock
on the Record Date is entitled to one vote for each share then held on all matters to be voted at the Annual Meeting.&nbsp;&nbsp;No
other class of voting securities was then outstanding.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Voting Your Proxy</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">You
may vote by proxy over the Internet by following the instructions provided in the Notice of Internet Availability of Proxy Materials
mailed to you or your household.&nbsp;&nbsp;If you have received printed copies of the proxy materials by mail, or if you request
printed copies of the proxy materials by mail by following the instructions on the Notice of Internet Availability of Proxy Materials,
you can also vote by mail by completing, dating, and signing the proxy or voter instructions card and mailing it in the pre-addressed
envelope provided, which requires no additional postage if mailed in the United States.&nbsp;&nbsp;You may submit your vote over
the Internet until 11:59pm, EST, on December 13, 2012.&nbsp;&nbsp;If you vote by mail, please be aware that we can recognize your
vote only if we receive it by close of business on the day before the Annual Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">You
may also vote in person at the Annual Meeting.&nbsp;&nbsp;If your shares are held through a broker, trust, bank, or other nominee,
please refer to the Notice of Internet Availability of Proxy Materials and any other information forwarded to you by such holder
of record to obtain a valid proxy from it.&nbsp;&nbsp;You will need to bring this legal proxy with you to the Annual Meeting in
order to vote in person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
shares represented by any proxy duly given will be voted at the Annual Meeting in accordance with the instructions of the stockholder.&nbsp;&nbsp;If
no specific instructions are given, the shares will be voted FOR the election of the nominees for director set forth herein.&nbsp;&nbsp;In
addition, if other matters come before the Annual Meeting, the persons named in the accompanying form of proxy will vote in accordance
with their best judgment with respect to such matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
share of our common stock outstanding on the Record Date will be entitled to one vote on all matters. Under Proposal 1 (Election
of Directors), the five candidates proposed for election as directors at the Annual Meeting are uncontested. In uncontested elections,
directors are elected by majority of the votes cast at the Annual Meeting. In counting the votes cast, only those cast &ldquo;for&rdquo;
and &ldquo;against&rdquo; a matter are included.&nbsp;&nbsp;Please note that you cannot vote &ldquo;against&rdquo; a nominee for
director, although you may withhold your vote from a nominee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Shares
which abstain or which are withheld from voting as to a particular matter, and shares held in &ldquo;street name&rdquo; by brokers
or nominees who indicate on their proxies that they do not have discretionary authority to vote such shares as to a particular
matter, will not be counted as votes in favor of such matter, and will also not be counted as shares voting on such matter. Accordingly,
abstentions, withheld votes, and &ldquo;broker non-votes&rdquo; will have no effect on the voting on matters that require the
affirmative vote of a plurality or a majority of the votes cast or the shares voting on the matter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Stockholders
have no cumulative voting rights or dissenter&rsquo;s or appraisal rights relating to the matters to be acted upon at the Annual
Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Revoking Your Proxy</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Even
if you submit a proxy or voter instructions, you may revoke your proxy and change your vote. You may revoke your proxy or voter
instructions by submitting a new proxy or voter instructions over the Internet by using the procedure to vote your shares online
described in the Notice of Internet Availability of Proxy Materials.&nbsp;&nbsp;You may also revoke your proxy by mail by requesting
a copy be mailed to you, executing a subsequently dated proxy or voter instructions card, and mailing it in the pre-addressed
envelope, which requires no additional postage if mailed in the United States.&nbsp;&nbsp;You may also revoke your proxy by your
attendance and voting in person at the Annual Meeting.&nbsp;&nbsp;Mere attendance at the meeting will not revoke a proxy or voter
instructions.&nbsp;&nbsp;We will vote the shares in accordance with the directions given in the last proxy or voter instructions
submitted in a timely manner before the Annual Meeting.&nbsp;&nbsp;You may revoke your vote over the Internet until 11:59 pm,
EST, on December 13, 2012.&nbsp;&nbsp;If you revoke your vote by mail, please be aware that we can recognize the revoked vote
only if we receive it by close of business on the day before the Annual Meeting.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">If
the Annual Meeting is postponed or adjourned for any reason, at any subsequent reconvening of the Annual Meeting, all proxies
will be voted in the same manner as the proxies would have been voted at the original convening of the Annual Meeting (except
for any proxies that have at that time effectively been revoked or withdrawn), even if the proxies had been effectively voted
on the same or any other matter at a previous meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">You
are requested, regardless of the number of shares you own or your intention to attend the Annual Meeting, to vote your shares
as described above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Solicitation of Proxies</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">We
will pay the expenses relating to the solicitation of proxies. We may solicit proxies by mail, and our officers and employees
may solicit proxies personally or by telephone and will receive no extra compensation from such activities. We will reimburse
brokerage houses and other nominees for their expenses incurred in sending proxies and proxy materials to the beneficial owners
of shares held by them.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Delivery of Proxy Materials to
Households</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Only
one copy of the our 2012 Annual Report, this Proxy Statement, and/or Notice of Internet Availability of Proxy Materials, as applicable,
will be delivered to an address where two or more stockholders reside with the same last name or whom otherwise reasonably appear
to be members of the same family based on the stockholders&rsquo; prior express or implied consent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">We
will deliver promptly upon written or oral request a separate copy of the 2012 Annual Report, this Proxy Statement, and/or Notice
of Internet Availability of Proxy Materials, as applicable, upon such request.&nbsp;&nbsp;If you share an address with at least
one other stockholder, currently receive one copy of our annual report, proxy statement, and/or Notice of Internet Availability
of Proxy Materials at your residence, and would like to receive a separate copy of our annual report, proxy statement, and Notice
of Internet Availability of Proxy Materials for our future stockholder meetings, please follow the instructions for requesting
materials indicated on the Notice of Internet Availability of Proxy Materials sent to your residence and specify this preference
in your request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">If
you share an address with at least one other stockholder and currently receive multiple copies of annual reports, proxy statements,
or Notices of Internet Availability of Proxy Materials, and you would like to receive a single copy of annual reports, proxy statements,
or Notices of Internet Availability of Proxy Materials, please follow the instructions for requesting materials indicated on the
Notice of Internet Availability of Proxy Materials sent to you and specify this preference in your request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Interest of Officers and Directors
in Matters to Be Acted Upon</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">None
of our officers or directors has any interest in any of the matters to be acted upon at the Annual Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center; text-indent: -0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center; text-indent: -0.25in"><FONT STYLE="color: Black"><B>PROPOSAL
1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>ELECTION
OF DIRECTORS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>General</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Our
Bylaws provide that our Board of Directors shall be comprised of not less than one (1) director nor more than nine (9) directors,
and directors are elected annually at the annual shareholders meeting. The Board of Directors is currently comprised of five (5)
directors and will be comprised of five (5) directors effective immediately following the election if all the nominees are elected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Board of Directors has nominated for election five (5) persons as directors. Each nominee currently serves as one of our directors.
All of the nominees have consented to serve as directors. If a nominee should not be available for election as contemplated, the
proxy holders will vote for a substitute designated by the current Board of Directors. We are not aware of any nominee who will
be unable or who will decline to serve as a director.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Directors Nominees</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">Director Nominee</FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 43%"><FONT STYLE="color: Black">Position/Title</FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="color: Black">Age</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">Tao Li</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Chairman of the Board of Directors</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">46</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">Yu Hao</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Director</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">47</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">Yizhao Zhang</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Director</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">42</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Chairman of the Audit Committee</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Compensation Committee Member</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Nominating Committee Member</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">Lianfu Liu</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Director</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">74</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Chairman of the Nominating Committee</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Audit Committee Member</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Compensation Committee Member</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">Yiru Shi</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Director</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">39</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Chairman of the Compensation Committee</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Audit Committee Member</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Nominating Committee Member</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">For
information as to the shares of our common stock beneficially owned by each nominee, see the section &ldquo;Securities Ownership
of Certain Beneficial Owners and Management&rdquo;, and as to other Board matters, see the section &ldquo;Board Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">The following
are biographical summaries for our nominees for election as directors:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Tao
Li</I></B>, Chairman of the Board of Directors, Chief Executive Officer and President since December 26, 2007. Mr. Li has served
as the President and CEO of Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., our wholly-owned subsidiary (&ldquo;Jinong&rdquo;),
since 2000. Mr. Li established Xi&rsquo;an TechTeam Industry (Group) Co., Ltd. in 1996 and established Jinong in 2000. Mr. Li
is also currently the Chairman of Kingtone Wirelessinfo Solution Holding Ltd, a NASDAQ listed company. He graduated from Northwest
Polytechnic University in Xi&rsquo;an, China with a Master&rsquo;s degree in heat and metal treatment. Mr. Li is the current Vice
Chairman of the China Green Food Association. Previously, he has held positions at the World Bank Loan Office of China Education
Commission, National Key Laboratory for Low Temperature Technology, and Northwest Polytechnic University. Mr. Li is active in
Shaanxi Province business and trade organizations including as a member of the CPPCC Shaanxi Committee, the Shaanxi Provincial
Decision-Making Consultation Committee, Vice Chairman of the Shaanxi Provincial Federation of Industry and Commerce, Vice President
of the Shaanxi Overseas Friendship Association, Vice Chairman of the Shaanxi Provincial Credit Association, Vice Chairman of the
Shaanxi Provincial Youth Entrepreneurs Association, Vice Chairman of the Xi&rsquo;an Municipal Federation of Industry and Commerce
and Vice Chairman of the Xi&rsquo;an Municipal Youth Entrepreneurs Association. Mr. Li, as the founder of our company, has been
critical to our success and his experience brings to the board of directors an irreplaceable perspective with respect to our business
and the industry in which we compete. These attributes make Mr. Li an ideal candidate to serve as our Chairman.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Yu
Hao</I></B>, Director since December 26, 2007. Mr. Hao had served as our interim Chief Financial Officer from December 26, 2007
through April 23, 2008. Mr. Hao has also served as the Director of Finance at Jinong since 2002. Prior to that, he was a financial
manager for Shaanxi Fengxiang Automobile Repair Plant, and Shaanxi Baoji Xinsanwei Import &amp; Export Trading Co., Ltd. Mr. Hao
holds a degree in Accounting from Northwest Institute of Light Industry. We believe that Mr. Hao&rsquo;s knowledge of our company&rsquo;s
history and day-to-day operations and his experience in accounting and finance in the PRC qualify him to serve a director of our
company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Yizhao
Zhang</I></B>, Director, Chairman of Audit Committee, Compensation Committee Member and Nominating Committee Member. He has served
as a director of our company since March 27, 2008. He is currently assisting various Chinese companies in preparing to offer their
securities overseas.&nbsp;&nbsp;Currently he is also a director of Kaisa Group Holdings Ltd. (HK: 01638), China Education Alliance,
Inc. (OTC QX: CEAI) and China Carbon Graphite, Inc. (OTC BB: CHGI). Mr. Zhang has over 17 years of experience in accounting and
internal control, corporate finance, and portfolio management. Previously, Mr. Zhang held senior positions at Universal Travel
Group, Energroups Holdings Corporation, Shengtai Pharmaceutical Inc, Chinawe Asset Management Corporation and China Natural Resources
Incorporation. Mr. Zhang also held positions in portfolio management and asset trading at Guangdong South Financial Services Corporation
from 1993 to 1999. He is a Certified Public Accountant of the State of Delaware, and a member of the American Institute of Certified
Public Accountants (AICPA). He also has the Chartered Global Management Accountant (CGMA) designation. Mr. Zhang graduated with
a bachelor&rsquo;s degree in economics from Fudan University, Shanghai in 1992 and received a Master of Business Administration
with concentrations in financial analysis and accounting from the State University of New York at Buffalo in 2003.We believe Mr.
Zhang&rsquo;s extensive financial and accounting experience with various publicly traded companies qualifies Mr. Zhang to serve
as an independent director of our company and serve as the Chairman of our Audit Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Lianfu
Liu</I></B>, Director, Chairman of Nominating Committee, Audit Committee Member and Compensation Committee Member. Mr. Liu has
served as a director of our company since December 26, 2007. Mr. Liu has served as the Chairman of the China Green Food Association
since 1998. From 1992 to 1998, Mr. Liu was a Director and Senior Engineer for the China Green Food Development Center. Prior to
that, Mr. Liu was a Vice Director of the PRC Ministry of Agriculture. Mr. Liu graduated from Beijing Forestry University and studied
soil conservation. We believe Mr. Liu&rsquo;s experience in the agricultural industry in the PRC allows him to bring a unique
perspective as an independent director of our company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Yiru
Shi, </I></B>Director, Chairman of the Compensation Committee, Audit Committee Member and Nominating Committee Member. Ms. Shi
has served as a director of our company since December 9, 2011. Ms. Shi previously served as an independent director for Kingtone
Wirelessinfo Solution Holding Ltd (Nasdaq: KONE) from March 2010 to July 2011. Prior to that, Ms. Shi served as Chief Financial
Officer at China Infrastructure Construction Inc. from December 2009 to October 2010 and Chief Financial Officer at Shengtai Pharmaceutical
Inc. from 2008 to December 2009. Prior to that, Ms. Shi served as Audit Manager at Kabani &amp; Co. Inc. from 2005 to 2008. Ms.
Shi graduated from the University of California, Irvine with an MBA degree in 2003 and Beijing Polytechnic University in 1997
with a Bachelor&rsquo;s degree in Computer Science and International Trade and Business. Ms. Shi is a CPA in the United States
and is fluent in English and Chinese. We believe Ms. Shi&rsquo;s technical accounting background, strong academic credentials
and substantial experience as a director and officer of other public companies qualifies Ms. Shi to serve on, and be a significant
addition to, our Board of Directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>Executive
Officers of the Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%"><FONT STYLE="color: Black">Executive&nbsp;Officers</FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 43%"><FONT STYLE="color: Black">Position/Title</FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="color: Black">Age</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">Tao Li</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Chief Executive Officer and President</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">46</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">Ken Ren</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Chief Financial Officer</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">36</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following is the biographical summary of Mr. Ken Ren, our Chief Financial Officer. Mr. Li&rsquo;s biographical summary is set
forth above with the director nominees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Ken
Ren</I></B>. Mr. Ren has served as the Chief Financial Officer of our company since April 23, 2010. Prior to joining our company,
he served as a capital market analyst for the Federal Home Loan Bank of Des Moines since April 2009, where he analyzed, priced,
and assisted in trading investments and issuing debt, conducted hedges and performed relative value analysis in the bank&rsquo;s
capital market group. From March 2008 to April 2009, Mr. Ren served as a senior investment associate at an asset management subsidiary
of Wells Fargo, which provides money management services to institutional clients. Prior to that, Mr. Ren served as a portfolio
analyst at Risk, Valuation and Analytics department, GMAC-ResCap from January 2007 through December 2007, where he was responsible
for risk analytics in managing the credit residual portfolio. He worked in the ABS task force for Commerzbank from December 2007
to March 2008. Mr. Ren received a Ph.D. degree in Operations Research in 2006, and a M.S. degree in Computational Finance in 2004,
both from Purdue University.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Vote Required and Board of Directors&rsquo;
Recommendation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Assuming
a quorum is present, the affirmative vote of a plurality of the votes cast at the Meeting, either in person or by proxy, is required
for the election of a director. For purposes of the election of directors, abstentions and broker non-votes will have no effect
on the result of the vote.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;<B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>THE BOARD
OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE</B><BR>
<B><U>FOR</U></B> <B>THESE NOMINEES.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>PROPOSAL&nbsp;2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>APPROVAL
OF AN AMENDMENT TO THE COMPANY&rsquo;S 2009 EQUITY INCENTIVE PLAN </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>TO INCREASE
THE NUMBER OF SHARES OF COMMON STOCK RESERVED UNDER THE PLAN</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Our
Board of Directors, acting upon the recommendation of the Board of Directors&rsquo; Compensation Committee, has approved an amendment
to the Company&rsquo;s 2009 Equity Incentive Plan (the &ldquo;Plan&rdquo;) for an increase in the number of authorized shares
of common stock under the Plan (the &ldquo;Amendment&rdquo;) and recommends that the amendment be approved and adopted by the
Company&rsquo;s stockholders and directs that such proposal be submitted to at the annual meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">On
October 27, 2009, our Board of Directors adopted the Plan, which was approved by our shareholders at our annual shareholders meeting
in December 2009 whereby 2.26 million shares of the Company&rsquo;s common stock to be reserved for issuance. On October 19, 2012,
our Board of Directors adopted and approved an amendment of the 2009 Stock Incentive Plan subject to shareholders approval. The
primary purpose for the Amendment was to increase the number of shares of the Company&rsquo;s common stock available for issuance
thereunder by 3 million shares to 5.26 million shares of the Company&rsquo;s common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Pursuant
to Section 1.5 of the Plan, the maximum number of shares of common stock of the Company that are available for issuance under
the plan is 2.26 million. As of October 19, 2012, we have issued shares of restricted stock or stock options to purchase of shares
of common stock in an aggregate of 2,166,506 shares and 93,494 shares of common stock is available for issuance under the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Compensation Committee of our Board of Directors has reviewed the Plan and determined that the Plan requires additional available
shares for issuance to provide flexibility with respect to stock-based compensation that the compensation committee believes is
necessary to establish appropriate long-term incentives to achieve our objectives. Our board of directors believes that it is
advisable to increase the 2.26 million share limit to 5.26 million shares in order to attract and compensate employees, officers,
directors and other eligible participants upon whose judgment, initiative and effort we depend. The issuance of award under the
Plan to these eligible participants is designed to align the interests of such participants with those of our stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
proposed amendment to the Plan increases the number of shares of common stock that may be issued as awards under the Plan by 3
million shares, or approximately 10.7% of the 27,938,839 shares of common stock outstanding as of October 19, 2012. As amended,
the Plan will continue to provide that all of the shares authorized for issuance (including the increased shares) may be granted
as incentive stock options and the Plan will also continue to provide for appropriate adjustments in the number of shares in the
event of a stock dividend, recapitalization, merger or similar transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following is a summary of the principal features of the Plan. The summary below is qualified in its entirety by the terms of the
Plan, as proposed to be amended, a copy of which is attached hereto as Appendix A and is incorporated by reference herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Shares Available</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Our
Board of Directors has authorized, subject to stockholder approval, 5,260,000 shares of our common stock for issuance under the
Plan. In the event of any stock dividend, stock split, reverse stock split, share combination, recapitalization, merger, consolidation,
spin-off, split-up, reorganization, rights offering, liquidation, or any similar change event of or by our company, appropriate
adjustments will be made to the shares subject to the Plan and to any outstanding Awards. Shares available for Awards under the
Plan may be either newly-issued shares or treasury shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
certain circumstances, shares subject to an outstanding Award may again become available for issuance pursuant to other Awards
available under the Plan. For example, shares subject to forfeited, terminated, canceled or expired Awards will again become available
for future grants under the Plan. In addition, shares subject to an Award that are withheld by us to satisfy tax withholding obligations
shall also be made available for future grants under the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Administration</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Plan will be administered by a committee of our Board of Directors appointed by our Board of Directors to administer the Plan
or if such a committee is not appointed or unable to act, then our entire Board of Directors (the &ldquo;Committee&rdquo;). The
Committee will consist of at least two members who are non-employee directors within the meaning of Rule 16b-3 under the Exchange
Act. With respect to the participation of individuals who are subject to Section 16 of the Exchange Act, the Plan is administered
in compliance with the requirements of Rule 16b-3 under the Exchange Act. In the event that the Compensation Committee of the
Board (&ldquo;Compensation Committee&rdquo;) meets the requirements stated above, such Compensation Committee shall be the Committee
hereunder unless otherwise determined by the Board. Subject to the provisions of the Plan, the Committee determines the persons
to whom grants of options, SARs and shares of restricted stock are to be made, the number of shares of common stock to be covered
by each grant and all other terms and conditions of the grant. If an option is granted, the Committee determines whether the option
is an incentive stock option or a nonstatutory stock option, the option's term, vesting and exercisability, the amount and type
of consideration to be paid to our company upon the option's exercise and the other terms and conditions of the grant. The terms
and conditions of restricted stock and SAR Awards are also determined by the Committee. The Committee has the responsibility to
interpret the Plan and to make determinations with respect to all Awards granted under the Plan. All determinations of the Committee
are final and binding on all persons having an interest in the Plan or in any Award made under the Plan. The costs and expenses
of administering the Plan are borne by our company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Eligibility</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Eligible
individuals include our and our subsidiaries' employees (including our and our subsidiaries' officers and directors who are also
employees) or consultants whose efforts, in the judgment of the Committee, are deemed worthy of encouragement to promote our growth
and success. Non-employee directors of our Board of Directors are also eligible to participate in the Plan. All eligible individuals
may receive one or more Awards under the Plan, upon the terms and conditions set forth in the Plan. There is no assurance that
an otherwise eligible individual will be selected by the Committee to receive an Award under the Plan. Because future Awards under
the Plan will be granted in the discretion of the Committee, the type, number, recipients and other terms of such Awards cannot
be determined at this time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Stock Options and SARs</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Under
the Plan, the Committee is authorized to grant both stock options and SARs. Stock options may be either designated as non-qualified
stock options or incentive stock options. Incentive stock options, which are intended to meet the requirements of Section 422
of the Internal Revenue Code such that a participant can receive potentially favorable tax treatment, may only be granted to employees.
Therefore, any stock option granted to consultants and non-employee directors are non-qualified stock options. The tax treatment
of incentive and non-qualified stock options is generally described later in this summary. SARs may be granted either alone or
in tandem with stock options. A SAR entitles the participant to receive the excess, if any, of the fair market value of a share
on the exercise date over the strike price of the SAR. This amount is payable in cash, except that the Committee may provide in
an Award agreement that benefits may be paid in shares of our common stock. In general, if a SAR is granted in tandem with an
option, the exercise of the option will cancel the SAR, and the exercise of the SAR will cancel the option. Any shares that are
canceled will be made available for future Awards. The Committee, in its sole discretion, determines the terms and conditions
of each stock option and SAR granted under the Plan, including the grant date, option or strike price (which, in no event, will
be less than the par value of a share), whether a SAR is paid in cash or shares, the term of each option or SAR, exercise conditions
and restrictions, conditions of forfeitures, and any other terms, conditions and restrictions consistent with the terms of the
Plan, all of which will be evidenced in an individual Award agreement between us and the participant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Certain
limitations apply to incentive stock options and SARs granted in tandem with incentive stock options. The per share exercise price
of an incentive stock option may not be less than 100% of the fair market value of a share of our common stock on the date of
the option's grant and the term of any such option shall expire not later than the tenth anniversary of the date of the option's
grant. In addition, the per share exercise price of any option granted to a person who, at the time of the grant, owns stock possessing
more than 10% of the total combined voting power or value of all classes of our stock must be at least 110% of the fair market
value of a share of our common stock on the date of grant and such option shall expire not later than the fifth anniversary of
the date of the option's grant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Options
and SARs granted under the Plan become exercisable at such times as may be specified by the Committee. In general, options and
SARs granted to participants become exercisable in three equal annual installments, subject to the optionee's continued employment
or service with us. However, the aggregate value (determined as of the grant date) of the shares subject to incentive stock options
that may become exercisable by a participant in any year may not exceed $100,000. If a SAR is granted in tandem with an option,
the SAR will become exercisable at the same time or times as the option becomes exercisable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Except
as otherwise set forth in the Award agreement, options shall expire after a term of five years. However, the maximum term of options
and SARs granted under the Plan is ten years. If any participant terminates employment due to death or disability or retirement,
the portion of his or her option or SAR Awards that were exercisable at the time of such termination may be exercised for one
year from the date of termination. In the case of any other termination, the portion of his or her option or SAR Awards that were
exercisable at the time of such termination may be exercised for three months from the date of termination. However, if the remainder
of the option or SAR term is shorter than the applicable post-termination exercise period, the participant's rights to exercise
the option or SAR will expire at the end of the term. In addition, if a participant's service terminates due to cause, all rights
under an option or SAR will immediately expire, including rights to the exercisable portion of the option or SAR. Shares attributable
to an option or SAR that expire without being exercised will be forfeited by the participant and will again be available for Award
under the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Unless
limited by the Committee in an Award agreement, payment for shares purchased pursuant to an option exercise may be made (i) in
cash, check or wire transfer, (ii) subject to the Committee's approval, in shares already owned by the participant (including
restricted shares held by the participant at least six months prior to the exercise of the option) valued at their fair market
value on the date of exercise, or (iii) through broker-assisted cashless exercise procedures.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Restricted Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Under
the Plan, the Committee is also authorized to make Awards of restricted stock. A restricted stock Award entitles the participant
to all of the rights of a stockholder of our company, including the right to vote the shares and the right to receive any dividends.
However, the Committee may require the payment of cash dividends to be deferred and if the Committee so determines, re-invested
in additional shares of restricted stock. Before the end of a restricted period and/or lapse of other restrictions established
by the Committee, shares received as restricted stock shall contain a legend restricting their transfer, and may be forfeited
(i) in the event of termination of employment, (ii) if our company or the participant does not achieve specified performance goals
after the grant date and before the participant's termination of employment or (iii) upon the failure to achieve other conditions
set forth in the Award agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">An
Award of restricted stock will be evidenced by a written agreement between us and the participant. The Award agreement will specify
the number of shares of our common stock subject to the Award, the nature and/or length of the restrictions, the conditions that
will result in the automatic and complete forfeiture of the shares and the time and manner in which the restrictions will lapse,
subject to the Award holder's continued employment by us, and any other terms and conditions the Committee shall impose consistent
with the provisions of the Plan. The Committee also determines the amount, if any, that the participant shall pay for the shares
of restricted stock. However, the participant must be required to pay at least the par value for each share of restricted stock.
Upon the lapse of the restrictions, any legends on the shares of our common stock subject to the Award will be re-issued to the
participant without such legend.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Unless
the Committee determines otherwise in the Award or other agreement, if a participant terminates employment for any reason, all
rights to restricted stock that are then forfeitable will be forfeited. Restricted stock that is forfeited by the participant
will again be available for Award under the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Other Stock-Based Awards</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Under
the Plan, the Committee is also authorized to grant other stock-based awards valued in whole or in part by reference to or otherwise
based on stock (&ldquo;Other Stock-Based Awards&rdquo;), which include performance shares, convertible preferred stock (to the
extent a series of preferred stock is authorized), convertible debentures, warrants, exchangeable securities and awards based
of stock or options based on fair market value, book value, or performance by the Company or any subsidiary, affiliate or division.
Other Stock-Based Awards may be granted in tandem with other Awards under the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Other
Stock-Based Awards may not be sold, assigned, transferred, pledged or otherwise encumbered prior to the date to which the stock
is issued or, if later, the date on which any applicable restriction, performance or deferral period lapses. The recipient of
an Other Stock-Based Award, subject to the terms of the grant agreement, is entitled to interest or dividends with respect to
the number of shares covered by their Other Stock-Based Award.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Change in Control Provisions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
the event of a change in control of the Company, and except as otherwise set forth in the applicable grant agreement, all unvested
portions of Awards shall vest immediately. Awards, whether or not then vested, shall be continued, assumed, or have new rights
as determined by the Committee in its sole discretion, and restrictions to which any shares of Restricted Stock or any other Award
granted prior to the change in control are subject shall not lapse. Awards shall, where appropriate at the Committee&rsquo;s discretion,
receive the same distribution of the Company&rsquo;s common stock on such terms as determined by the Committee. Upon a change
in control, the Committee may also provide for the purchase of any Awards for an amount of cash per share of common stock issuable
under the Award equal to the excess of the highest price per share of the Company&rsquo;s common stock paid in any transaction
related to a change in control of the Company over the exercise price of such Award.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Fair Market Value</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Under
the Plan, fair market value means the fair market value of the shares based upon (i) the closing selling price of a share of our
common stock as quoted on the principal national securities exchange on which the stock is traded, if the stock is then traded
on a national securities exchange, or (ii) the closing bid price per share last quoted on that date by an established quotation
service for over-the-counter securities, if the common stock is not then traded on a national securities exchange.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Transferability Restrictions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Generally
and unless otherwise provided in an Award agreement, shares or rights subject to an Award cannot be assigned or transferred other
than by will or by the laws of descent and distribution and Awards may be exercised during the participant's lifetime only by
the participant or his or her guardian or legal representative. However, a participant may, if permitted by the Committee, in
its sole discretion, transfer an Award, or any portion thereof, to one or more of the participant's spouse, children or grandchildren,
or may designate in writing a beneficiary to exercise an Award after his or her death.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Termination or Amendment of the
Incentive Plan</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Unless
sooner terminated, no Awards may be granted under the Plan after October 27, 2019. Our Board of Directors may amend or terminate
the Plan at any time, but our Board of Directors may not, without stockholder approval, amend the Plan to increase the total number
of shares of our common stock reserved for issuance of Awards. In addition, any amendment or modification of the Plan shall be
subject to stockholder approval as required by any securities exchange on which our common stock is listed. No amendment or termination
may deprive any participant of any rights under Awards previously made under the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Summary of Federal Income Tax
Consequences of the Plan</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following summary is intended only as a general guide as to the federal income tax consequences under current United States law
with respect to participation in the Plan and does not attempt to describe all possible federal or other tax consequences of such
participation. Furthermore, the tax consequences of awards made under the Plan are complex and subject to change, and a taxpayer's
particular situation may be such that some variation of the described rules is applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Options
and SARS. </I>There are three points in time when a participant and our company could potentially incur federal income tax consequences:
date of grant, upon exercise and upon disposition. First, when an option or a SAR is granted to a participant, the participant
does not recognize any income for federal income tax purposes on the date of grant. We similarly do not have any federal income
tax consequences at the date of grant. Second, depending upon the type of option, the exercise of an option may or may not result
in the recognition of income for federal income tax purposes. With respect to an incentive stock option, a participant will not
recognize any ordinary income upon the option's exercise (except that the alternative minimum tax may apply). However, a participant
will generally recognize ordinary income upon the exercise of a non-qualified stock option. In this case, the participant will
recognize income equal to the difference between the option price and the fair market value of shares purchased pursuant to the
option on the date of exercise. With respect to the exercise of a SAR, the participant must generally recognize ordinary income
equal to the cash received (or, if applicable, value of the shares received).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Incentive
stock options are subject to certain holding requirements before a participant can dispose of the shares purchased pursuant to
the exercise of the option and receive capital gains treatment on any income realized from the exercise of the option. Satisfaction
of the holding periods determines the tax treatment of any income realized upon exercise. If a participant disposes of shares
acquired upon exercise of an incentive stock option before the end of the applicable holding periods (called a &quot;disqualifying
disposition&quot;), the participant must generally recognize ordinary income equal to the lesser of (i) the fair market value
of the shares at the date of exercise of the incentive stock option minus the exercise price or (ii) the amount realized upon
the disposition of the shares minus the exercise price. Any excess of the fair market value on the date of such disposition over
the fair market value on the date of exercise must be recognized as capital gains by the participant. If a participant disposes
of shares acquired upon the exercise of an incentive stock option after the applicable holding periods have expired, such disposition
generally will result in long-term capital gain or loss measured by the difference between the sale price and the participant's
tax &quot;basis&quot; in such shares (generally, in such case, the tax &quot;basis&quot; is the exercise price).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Generally,
we will be entitled to a tax deduction in an amount equal to the amount recognized as ordinary income by the participant in connection
with the exercise of options and SARs. However, we are generally not entitled to a tax deduction relating to amounts that represent
capital gains to a participant. Accordingly, if the participant satisfies the requisite holding period with respect to an incentive
stock option before disposition to receive the favorable tax treatment accorded incentive stock options, we will not be entitled
to any tax deduction with respect to an incentive stock option. In the event the participant has a disqualifying disposition with
respect to an incentive stock option, we will be entitled to a tax deduction in an amount equal to the amount that the participant
recognized as ordinary income.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Restricted
Stock Awards. </I>A participant will not be required to recognize any income for federal income tax purposes upon the grant of
shares of restricted stock. With respect to Awards involving shares or other property, such as restricted stock Awards, that contain
restrictions as to their transferability and are subject to a substantial risk of forfeiture, the participant must generally recognize
ordinary income equal to the fair market value of the shares or other property received at the time the shares or other property
become transferable or are no longer subject to a substantial risk of forfeiture, whichever occurs first. We generally will be
entitled to a deduction in an amount equal to the ordinary income recognized by the participant. A participant may elect to be
taxed at the time he or she receives shares (e.g., restricted stock) or other property rather than upon the lapse of transferability
restrictions or the substantial risk of forfeiture. However, if the participant subsequently forfeits such shares he or she would
not be entitled to any tax deduction or, to recognize a loss, for the value of the shares or property on which he or she previously
paid tax. Alternatively, if an Award that results in a transfer to the participant of cash, shares or other property does not
contain any restrictions as to their transferability and is not subject to a substantial risk of forfeiture, the participant must
generally recognize ordinary income equal to the cash or the fair market value of shares or other property actually received.
We generally will be entitled to a deduction for the same amount.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;&#9;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Vote Required and Board of Directors&rsquo;
Recommendation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Assuming
a quorum is present, the affirmative vote of a majority of the shares present at the Meeting and entitled to vote, either in person
or by proxy, is required for approval of Proposal No. 2. For purposes of the approval of amendment of our 2009 Equity Incentive
Plan, abstentions will have the same effect as a vote against this proposal and broker non-votes will have no effect on the result
of the vote.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>THE BOARD
OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B><U>FOR</U></B>
<B>PROPOSAL NO. 2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>SECURITY
OWNERSHIP OF CERTAIN</B><BR>
<B>BENEFICIAL OWNERS AND MANAGEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following table sets forth certain information as of October 29, 2012, the Record Date, with respect to the beneficial ownership
of our common stock, the sole outstanding class of our voting securities, by (i) any person or group owning more than 5% of each
class of voting securities, (ii) each director, (iii) each executive officer and (iv) all executive officers and directors as
a group.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">As
of October 29, 2012, an aggregate of 27,938,839 shares of our common stock were outstanding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; text-align: left; vertical-align: bottom"><FONT STYLE="color: Black">Title&nbsp;of&nbsp;Class</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black"><B>Name&nbsp;and&nbsp;Address&nbsp;of&nbsp;Beneficial&nbsp;Owners
    <SUP>(1) (2)</SUP></B></FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">Amount&nbsp;and <BR>Nature&nbsp;of <BR>Beneficial
    <BR>Ownership</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black"><B>Percent&nbsp;of&nbsp;Class <SUP>(3)</SUP></B></FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">Common&nbsp;Stock</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="color: Black">Greater&nbsp;Than&nbsp;5%&nbsp;&nbsp;Shareholders</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 20%; text-align: left; vertical-align: top"></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 38%; text-align: left"><FONT STYLE="color: Black">Tao Li</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 17%; text-align: right"><FONT STYLE="color: Black">9,497,434</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black"><SUP>(4)</SUP></FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 18%; text-align: right"><FONT STYLE="color: Black">34.0</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">Common&nbsp;Stock</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Qing Xin Jiang</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">1,677,769</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black"></FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">6.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="color: Black">Directors&nbsp;and&nbsp;Executive&nbsp;Officers</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">Common Stock</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Tao Li <BR>President, Chief Executive Officer <BR>and Chairman of
    the Board</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">Same as above</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;Same as the above</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">Common Stock</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Ken Ren <BR>Chief Financial Officer</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">380,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">1.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">Common&nbsp;Stock</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Yizhao Zhang <BR>Director</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">71,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">*</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">Common Stock</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Yu Hao <BR>Director</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">42,523</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">*</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">Common Stock</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Lianfu Liu <BR>Director</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">41,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">*</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">Common Stock</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Yiru Shi <BR>Director</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">45,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">*</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="color: Black">All&nbsp;executive&nbsp;officers&nbsp;and&nbsp;directors&nbsp;as&nbsp;a&nbsp;group</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">10,076,957</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">36.1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">%</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: Black">*</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Represents
                                                                            a percentage that is less than 1%.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Pursuant
                                                            to Rule 13d-3 under the Securities Exchange Act of 1934, as amended
                                                            (the &ldquo;Exchange Act&rdquo;), a person has beneficial ownership
                                                            of any securities as to which such person, directly or indirectly,
                                                            through any contract, arrangement, undertaking, relationship or otherwise
                                                            has or shares voting power and/or investment power or as to which
                                                            such person has the right to acquire such voting and/or investment
                                                            power within 60 days.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Unless
                                                            otherwise stated, each beneficial owner has sole power to vote and
                                                            dispose of the shares and the address of such person is c/o China
                                                            Green Agriculture, Inc., 3rd Floor, Borough A, Block A. No. 181, South
                                                            Taibai Road, Xian, Shaanxi Province, People&rsquo;s Republic of China
                                                            710065.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">In determining
                                                            the percent of common stock owned by the beneficial owners, (a) the
                                                            numerator is the number of shares of common stock beneficially owned
                                                            by such owner, including shares the beneficial ownership of which
                                                            may be acquired, within 60 days upon the exercise of the options,
                                                            if any, held by the owner; and (b) the denominator is the sum of (i)
                                                            the total 27,938,839 shares of common stock outstanding as of October
                                                            29, 2012, and (ii) the number of shares underlying the options, which
                                                            such owner has the right to acquire upon the exercise of the options
                                                            within 60 days (for those who have options).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Includes
                                                            (i) 497,387 shares held by Mr. Li&rsquo;s wife, and (ii) 897,387 shares
                                                            held by Mr. Li&rsquo;s son. Mr. Li disclaims beneficial ownership
                                                            with respect to the shares held by his wife and son.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>EXECUTIVE
COMPENSATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Compensation Discussion and Analysis</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>Overview</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#9;This
section contains a discussion of the material elements of compensation awarded to, earned by or paid to our principal executive
officer, our principal financial officer, and our other executive officers whose total compensation exceeded $100,000 during the
fiscal year ended June 30, 2012. Accordingly, our &ldquo;Named Executive Officers&rdquo; are Mr. Tao Li, our Chairman, President
and Chief Executive Officer, and Mr. Ken Ren, our Chief Financial Officer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#9;Our
Board of Directors established the Compensation Committee to assist with the analysis and determination of the compensation structure
for our executive officers. Our Compensation Committee, consisting of three independent directors, reviews and approves, or in
some cases recommends for the approval of the full Board of Directors, the annual compensation for our executive officers. Typically,
management recommends to the Compensation Committee compensation package proposals based on prevailing compensation standards
in our industry, which in turn reviews and approves such proposals. Our Compensation Committee may consult with the executive
officers to form consensus on such packages. Our executive officers may discuss any disagreements and needed amendment to such
proposals with our Compensation Committee before such proposals are finalized and approved by the Compensation Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>Compensation
Objectives</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Our
compensation objectives are as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">We
                                                                                                              strive to provide
                                                                                                              competitive executive
                                                                                                              compensation programs
                                                                                                              that will help to
                                                                                                              attract highly qualified
                                                                                                              individuals necessary
                                                                                                              for our continued
                                                                                                              growth. Once an
                                                                                                              executive is hired,
                                                                                                              our goal is to retain
                                                                                                              and motivate them
                                                                                                              to achieve higher
                                                                                                              levels of performance
                                                                                                              and be appropriately
                                                                                                              rewarded for that
                                                                                                              effort.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Compensation
                                                                                                              and benefits are
                                                                                                              competitive with
                                                                                                              the local labor
                                                                                                              markets in which
                                                                                                              we compete, and
                                                                                                              focus also will
                                                                                                              be given to companies
                                                                                                              that operate in
                                                                                                              the agriculture,
                                                                                                              feed, and fertilizer
                                                                                                              industries. Peer
                                                                                                              companies will typically
                                                                                                              have annual revenues
                                                                                                              that are one-half
                                                                                                              to double that of
                                                                                                              us, for the purposes
                                                                                                              of compensation
                                                                                                              benchmarking.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">We
                                                                                                              provide an executive
                                                                                                              compensation package
                                                                                                              consisting of base
                                                                                                              salary, incentives
                                                                                                              (short term &amp;
                                                                                                              long term), and
                                                                                                              benefits that are
                                                                                                              consistent with
                                                                                                              similar positions
                                                                                                              at our recognized
                                                                                                              competitors. Each
                                                                                                              component addresses
                                                                                                              individual and company
                                                                                                              performance with
                                                                                                              a focus on long-term
                                                                                                              profitable growth
                                                                                                              and shareholder
                                                                                                              return, competitive
                                                                                                              conditions, and
                                                                                                              our overall financial
                                                                                                              performance.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">All
                                                                                                              compensation programs
                                                                                                              are administered
                                                                                                              without regard to
                                                                                                              race, religion,
                                                                                                              national origin,
                                                                                                              color, sex, age,
                                                                                                              or disability, and
                                                                                                              adhere to all local
                                                                                                              laws and regulations.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>Elements of Compensation</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><I>Base Salary</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Our
approach is to pay our executives a base salary that is competitive with those of other executive officers in similar positions
and with similar responsibilities in our peer group of competitive companies. We believe that a competitive base salary is a necessary
element of any compensation program that is designed to attract and retain talented and experienced executives. We also believe
that attractive base salaries can motivate and reward executives for their overall performance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>Stock-Based
Awards under the Equity Incentive Plan&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
addition to base salary, the other key component of executive compensation we provide to our Named Executive Officers is equity-based
compensation. In October 2009, our Board of Directors adopted our 2009 Equity Incentive Plan (the &ldquo;Plan&rdquo;), which was
approved by our shareholders at our annual shareholders meeting in December 2009. The Plan gives us the ability to grant stock
options, stock appreciation rights (SARs), restricted stock and other stock-based awards to employees or consultants of our company
or of any subsidiary of our company and to non-employee members of our advisory board or our Board of Directors or the board of
directors of any of our subsidiaries. The Board of Directors and the Compensation Committee believe the ability to grant stock
options and make other stock-based awards under the Plan is an important factor in attracting, stimulating and retaining qualified
and distinguished personnel with proven ability and vision to serve as employees, officers, consultants or members of the Board
of Directors or advisory board of our company and our subsidiaries, and to chart our course towards continued growth and financial
success.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">During
the year ended June 30, 2012, under the Plan, our Compensation Committee granted (i) 250,000 shares of restricted stock to Mr.
Tao Li, our Chairman and Chief Executive Officer, (ii) 150,000 shares of restricted stock to Mr. Ken Ren, our Chief Financial
Officer, (iii) 15,000 shares of restricted to each of Mr. Yizhao Zhang, Ms. Yiru Shi and Mr. Lianfu Liu, the three are independent
directors of our company (the &ldquo;2012 Stock Grants&rdquo;).&nbsp;&nbsp;The 2012 Stock Grants all vest in three installments
on June 30, 2012, September 30, 2012 and December 31, 2012 with 150,000 shares vesting first and 50,000 shares vesting on each
of the other two vesting dates to the CEO, 120,000 shares vesting first and 15,000 shares vesting on each of the other two vesting
dates to the CFO and 10,000 shares vesting first and 2,500 shares vesting on each of the other two vesting dates to each of the
three independent directors. The vest of the restricted shares is conditioned on the individuals being employed by the Company
at the time of the vest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>Employee
Stock Purchase Plan</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">On
August 9, 2012 the Board adopted the Company&rsquo;s 2012 Employee Stock Purchase Plan (the &ldquo;ESPP&rdquo;), which became
effective as of such date. The aggregate number of shares of the Company&rsquo;s common stock that may be issued under the ESPP
is 1,250,000 shares. The ESPP has been delegated to be administered by the Compensation Committee on October 19, 2012. Any employee
of the Company or any parent (if any) and subsidiary corporation of the Company (the &ldquo;Affiliate&rdquo;), who is not a natural
person resident in the United States, who has been in the employ of the Company or any Affiliate for such continuous period as
required by the Board preceding the grant of rights under the ESPP is eligible to participate in the ESPP during the applicable
offering period, subject to administrative rules established by the Compensation Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
ESPP is implemented by sequential offerings, the commencement and duration of which will be determined by the Compensation Committee.
The purchase price at which each share of Common Stock may be acquired in an offering period upon the exercise of all or any portion
of a purchase right will be established by the Compensation Committee. However, the purchase price on each purchase date will
not be less than the fair market value of a share of Common Stock on the purchase date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>Retirement
or Pension Benefits</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Currently,
we do not provide any company sponsored retirement benefits to any employee, including the Named Executive Officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>Deferred
Compensation</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">We
do not have any qualified or nonqualified deferred compensation plans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><I>Perquisites</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Historically,
we have provided our Named Executive Officers with minimal perquisites and other personal benefits that we believe are reasonable.
We do not view perquisites as a significant component of compensation, but do believe they can be useful in attracting, motivating
and retaining the executive talent for which we compete. We believe that these additional benefits assist our Named Executive
Officers in performing their duties and provide time efficiencies for them. It is expected that our historical practices regarding
perquisites will continue and will be subject to periodic review by our board of directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Compensation Committee Report
on Executive Compensation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#9;The
following report has been submitted by the Compensation Committee of our Board of Directors:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#9;The
Compensation Committee of our Board of Directors has reviewed and discussed our Compensation Discussion and Analysis with management.
Based on this review and discussion, the Compensation Committee recommended to our Board of Directors that the Compensation Discussion
and Analysis be included in our definitive proxy statement on Schedule 14A for our 2012 annual meeting, which is incorporated
by reference in our Annual Report on Form 10-K for the fiscal year ended June 30, 2012, each as filed with the Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75in"><FONT STYLE="color: Black">Compensation Committee of
the Board of Directors<BR>
Respectfully submitted,<BR>
&nbsp;&nbsp;<BR>
Yiru Shi, Chairman<BR>
Yizhao Zhang</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75in"><FONT STYLE="color: Black">Lianfu Liu<BR>
<BR></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black"><I>&#9;The foregoing
Compensation Committee Report does not constitute soliciting material and shall not be deemed filed or incorporated by reference
into any other filing of our company under the Securities Act or the Exchange Act, except to the extent we specifically incorporate
this Compensation Committee Report by reference therein.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Summary of Executive Compensation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following table sets forth information concerning cash and non-cash compensation we and/or Jinong paid to our Named Executive
Officers during each of the three fiscal years ended June 30, 2012, 2011 and 2010.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD COLSPAN="37" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="color: Black">SUMMARY&nbsp;COMPENSATION&nbsp;TABLE</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Name<BR> and<BR>
    Principal<BR> Position</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Year&nbsp;Ended</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Salary<BR>
    ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Bonus<BR>
    ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black"><B>Stock</B><BR>
    <B>Awards</B><BR><B> ($)<SUP>(1)</SUP></B></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black"><B>Option</B><BR>
    <B>Awards</B><BR><B> ($)<SUP>(2)</SUP></B></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Non-Equity<BR>
    Incentive&nbsp;Plan<BR> Compensation<BR> ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Nonqualified<BR>
    Deferred<BR> Compensation<BR> Earnings&nbsp;($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">All&nbsp;Other<BR>
    Compensation<BR> ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Total<BR>
    ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">Tao&nbsp;Li</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">June 30, 2012</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">300,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">0</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">857,500</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">1,157,500</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="text-align: left; padding-left: 8pt; font-size: 7pt"><FONT STYLE="color: Black">Chief Executive Officer, President
    and Chairman of the Board</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">June 30, 2011</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">300,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">104,400</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">269,040</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">673,440</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="padding-left: 8pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">June 30, 2010</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">189,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">43,200</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">643,125</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">124,432</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">999,757</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-size: 7pt">
    <TD STYLE="padding-left: 8pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">Ken Ren</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">June 30, 2012</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">160,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">0</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">514,500</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">674,500</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="text-align: left; padding-left: 8pt; font-size: 7pt"><FONT STYLE="color: Black">Chief Financial Officer</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">June 30, 2011</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">160,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">48,720</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">212,400</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">421,120</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="padding-left: 8pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">June 30, 2010</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">20,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black"><SUP>(3)</SUP></FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">20,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-size: 7pt">
    <TD STYLE="padding-left: 8pt; width: 25%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 16%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 4%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 4%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 4%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 4%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 4%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 4%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 4%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 4%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The amounts
                                                            reported in this column reflect the fair value on the grant date of
                                                            the restricted stock awards granted to our Named Executive Officers.
                                                            These values are determined by multiplying the number of shares granted
                                                            by the closing price of our common stock on the trading day immediately
                                                            preceding the grant date. The dollar amounts do not necessarily reflect
                                                            the dollar amounts of compensation actually realized or that may be
                                                            realized by our Named Executive Officers.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The amounts
                                                            reported in this column reflect the fair value on the grant date of
                                                            the option awards granted to our Named Executive Officers. These values
                                                            are determined under the principles used to calculate the grant date
                                                            fair value of equity awards for purposes of our financial statements.
                                                            The dollar amounts do not necessarily reflect the dollar amounts of
                                                            compensation actually realized or that may be realized by our Named
                                                            Executive Officers.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Represents
                                                            the portion of Mr. Ren&rsquo;s annual salary of $120,000 in 2010 paid
                                                            during the period from April 23, 2010, the date he became our Chief
                                                            Financial Officer, and the end of the fiscal year.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Grants of
Plan-Based Awards</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#9;The
following table sets forth information regarding grants of awards to Named Executive Officers during the year ended June 30, 2012:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 7pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="45" NOWRAP STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="color: Black">GRANTS
    OF PLAN-BASED AWARDS</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">All</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Other</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">All</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Stock</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Other</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Grant</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Awards:</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Option</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Date</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Number</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Awards:</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Exercise</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Fair</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Estimated
    Future Payouts</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Number</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">or</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Value</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Under</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Shares</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Base</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">of Stock</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Non-Equity
    Incentive Plan</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Estimated
    Future Payouts Under</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Securities</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Price of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">and</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Awards</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Equity
    Incentive Plan Awards</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">Stock
    or</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">Underlying</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">Option</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">Option</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Grant</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Threshold</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Target</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Maximum</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Threshold</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Target</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Maximum</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Units</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Options</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Awards</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Awards</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Name</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Date</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">(#)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">(#)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">(#)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">(#)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">($
    /Sh)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">($)(1)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="width: 23%; text-align: left; text-indent: -11.25pt; padding-left: 11.25pt; font-size: 7pt"><FONT STYLE="color: Black">Tao
    Li</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">6/14/2012</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">250,000</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 4%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">857,500</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-size: 7pt">
    <TD STYLE="text-align: left; text-indent: -11.25pt; padding-left: 11.25pt; font-size: 7pt"><FONT STYLE="color: Black">Ken
    Ren</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">6/14/2012</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">150,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">514,500</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">(1)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">With respect to the restricted stock awards, the grant date fair value is calculated by multiplying
    the number of shares granted by the closing price on the trading day immediately preceding the grant date.&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Narrative Disclosure to Summary
Compensation Table and Grants of Plan-Based Awards Table</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>Employment Agreements </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">We have entered
into employment agreements with each of our Named Executive Officers. The material terms of those employment agreements are summarized
below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Tao
Li. </I>Pursuant to an employment agreement between Jinong and Mr. Tao Li dated January 16, 2008, Mr. Li is employed by Jinong
as its Chairman of the Board and Chief Executive Officer for a term of five years. The agreement will be automatically renewed
on the same terms and conditions for successive additional five-year periods unless either party provides written notice of termination
at least 60 days prior to the end of any five-year term. The agreement is terminable immediately, or upon 30-days prior written
notice, upon the occurrence of certain events. The agreement provides for an annual salary of RMB60,000 (approximately $8,508).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
addition, on March 31, 2011, our Compensation Committee approved an increase in Mr. Li&rsquo;s base salary to an aggregate total
of $300,000 (inclusive of the RMB60,000 payable by Jinong), which is not set forth in his employment agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Ken
Ren</I>. Pursuant to our employment agreement with Mr. Ken Ren, Mr. Ren will serve as our Chief Financial Officer for a term of
one year and is entitled to annual compensation consisting of base salary of $120,000 per year. The agreement will automatically
renew for an additional year unless either party provides notice of termination 60 days prior to the end of the current term.
Either party may terminate the agreement upon prior written notice, and we may terminate the agreement at any time for cause without
prior written notice. On March 31, 2011, our Compensation Committee approved an increase in Mr. Ren&rsquo;s base salary to $160,000.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>Description
of Plan Based Awards</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
equity incentive awards reported in the above table entitled &ldquo;Grants of Plan Based Awards&rdquo; were granted under, and
are subject to, the terms of our 2009 Equity Incentive Plan (the &ldquo;Plan&rdquo;). The Plan is administered by the Compensation
Committee. The Compensation Committee has authority to interpret the plan provisions and make all required determinations under
the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">With respect
to all restricted stock grants disclosed herein, if we terminate the grantee&rsquo;s employment or affiliation with us for any
reason, all unvested portions of such restricted stock grants are forfeited.&nbsp;&nbsp;Any shares of restricted stock that do
not vest for failure to meet the requisite performance targets will also be forfeited.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">With respect
to all non-qualified stock option grants disclosed herein, if we terminate the grantee&rsquo;s employment or affiliation with
us for any reason, all unvested options are forfeited.&nbsp;&nbsp;If the grantee&rsquo;s employment or affiliation with us is
terminated voluntarily by the grantee or by us for cause, all vested options are also terminated.&nbsp;&nbsp;In the event we terminate
the grantee&rsquo;s employment or affiliation with us without cause, the grantee has the lesser of ninety (90) days or the remaining
term of the option to exercise any vested options.&nbsp;&nbsp;If we terminate the grantee&rsquo;s employment or affiliation with
us due to death or disability, the grantee has the lesser of twelve (12) months or the remaining term of the option to exercise
any vested options.&nbsp;&nbsp;In the case of non-qualified options subject to performance based vesting, any options which do
not vest for failure to meet the requisite performance targets will be forfeited.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Outstanding Equity Awards at
Fiscal Year-End</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">The following
table provides information on all restricted stock and stock option awards held by our Named Executive Officers as of June 30,
2012.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="38" NOWRAP STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">OUTSTANDING
    EQUITY AWARDS AT FISCAL YEAR-END</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Option
    Awards</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 7pt"><FONT STYLE="color: Black">Stock
    Awards</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Equity</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Equity</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Incentive</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Incentive</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Plan</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Plan</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Awards:</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Awards:</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Market or</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Equity</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Number</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Payout</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Incentive</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Number</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Market</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Value of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Plan</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Value of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Unearned</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Unearned</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Awards:</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Shares</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Shares</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Shares,</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Shares,</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Number of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Number of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Number of</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">or Units</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">or Units</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Units or</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Units or</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Securities</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Securities</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Securities</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">of Stock</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">of Stock</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Other</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Other</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Underlying</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Underlying</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Underlying</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">That</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">That</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Rights</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Rights</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Unexercised</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Unexercised</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Unexercised</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Option</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Have</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Have</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">That</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">That</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Options</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Options</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Unearned</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Exercise</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Option</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Not</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Not</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Have Not</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Have Not</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">(#)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">(#)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Options</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Price</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Expiration</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Vested</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Vested</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Vested</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Vested</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 7pt">
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Name</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Exercisable</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Unexercisable</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black"><B>(#)<SUP>(2)</SUP></B></FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">($)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">Date</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">(#)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">($)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">(#)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; font-size: 7pt"><FONT STYLE="color: Black">($)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right; font-size: 7pt"></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">5,102</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">25,408</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-size: 7pt">
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"></TD><TD STYLE="text-align: left; font-size: 7pt">(2)</TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">100,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">343,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-size: 7pt">
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">Ken Ren </FONT></TD><TD STYLE="text-align: left; font-size: 7pt">(3<FONT STYLE="color: Black">)&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">30,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">102,900</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 7pt">
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"></TD><TD STYLE="text-align: left; font-size: 7pt">(4)</TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">200,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">666,000</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-size: 7pt">
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 7pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;&nbsp;</B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="color: Black">(1)</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify"><FONT STYLE="color: Black">On January 3, 2010, Mr. Li was granted 15,307 shares of performance-based
    restricted stock.&nbsp; Because we achieved certain net sales and operating income targets for our fiscal year ended June
    30, 2010, (i) 5,103 shares vested on September 30, 2010, (ii) 5,102 shares vested on September 30, 2011, and (iii) 5,102 shares
    automatically vest on September 30, 2012.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">(2)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">On June 14, 2012, Mr. Li was granted 250,000 shares of time-based restricted stock: (i) 150,000
    shares vested on June 30, 2012; (ii) 50,000 shares vested on September 30, 2012 and (iii) 50,000 shares vested on December
    31, 2012.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">(3)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">On June 14, 2012, Mr. Ren was granted 150,000 shares of time-based restricted stock, of which
    (i) 120,000 shares vested on June 30, 2012, (ii) 15,000 shares vested on September 30, 2012 and (iii) 15,000 shares are to
    be vested on December 31, 2012.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">(4)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">On September 28, 2012, Mr. Ren was granted 200,000 shares of time-based restricted stock, of
    which (i) 100,000 shares are to be vested on December 31, 2012, (ii) 50,000 shares are to be vested on March 31, 2013 and
    (iii) 50,000 shares are to be vested on June 30, 2014.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Option Exercises and Stock Vested
During the Fiscal Year</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="color: Black">OPTION&nbsp;EXERCISES&nbsp;AND&nbsp;STOCK&nbsp;VESTED&nbsp;DURING&nbsp;THE&nbsp;FISCAL&nbsp;YEAR</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" NOWRAP STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="color: Black">Option&nbsp;Awards</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="color: Black">Stock&nbsp;Awards</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">Name</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">Number of Shares<BR> Acquired on Exercise<BR>
    (#)</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">Value Realized <BR> on Exercise <BR> ($)</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">Number of <BR> Shares Acquired <BR> on Vesting
    <BR> (#)</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">Value Realized <BR> on Vesting <BR> ($)</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 48%; text-align: left"><FONT STYLE="color: Black">Tao Li</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="color: Black">174,102</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="color: Black">&nbsp;$615,388
                                                       <SUP>(1)</SUP></FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Ken Ren</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">165,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;$579,000<SUP> (2)</SUP></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="color: Black">(1)</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="color: Black">Represents the vesting of (i) 5,102 shares of restricted stock
    on September 30, 2011 with a market value of $4.78 per share on such date, (ii) 19,000 shares of restricted stock on December
    31, 2011 with a market value of $3.00 per share on such date, and (iii) 150,000 shares of restricted stock on June 30, 2012
    with a market value of $3.56 per share on such date.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">(2)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Represents the vesting of (i) 15,000 shares of restricted stock
    on December 31, 2011 with a market value of $3.00 per share on such date, and (ii) 150,000 shares of restricted stock on June
    30, 2012 with a market value of $3.56&nbsp; per share on such date.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Securities Authorized for Issuance
Under Equity Compensation Plans</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">As
of June 30, 2012, there were outstanding options to purchase an aggregate of 115,099 shares of common stock granted under the
Plan. Options granted in the future under the Plan are within the discretion of our board of directors or our compensation committee.
The following table summarizes the number of shares of our common stock authorized for issuance under our equity compensation
plans as of June 30, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">Plan&nbsp;category</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">Number&nbsp;of&nbsp;securities&nbsp;to<BR>
    be&nbsp;issued&nbsp;upon&nbsp;exercise<BR> of&nbsp;outstanding&nbsp;options,<BR> warrants&nbsp;and&nbsp;rights<BR> (a)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">Weighted-average<BR>
    exercise&nbsp;price&nbsp;of<BR> outstanding&nbsp;options,<BR> warrants&nbsp;and&nbsp;rights<BR> (b)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">Number&nbsp;of&nbsp;securities<BR>
    remaining&nbsp;available&nbsp;for<BR> future&nbsp;issuance&nbsp;under<BR> equity&nbsp;compensation<BR> plans&nbsp;(excluding<BR>
    securities&nbsp;reflected&nbsp;in<BR> column&nbsp;(a))<BR> (c)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 46%; text-align: left"><FONT STYLE="color: Black">Equity compensation plans approved by security holders</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 15%; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 15%; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 15%; text-align: right"><FONT STYLE="color: Black">1,631,465</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Equity compensation plans not approved by security
    holders</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><FONT STYLE="color: Black">Total</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">1,631,465</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Payments
upon Termination or Change-in-Control</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#9;The
following table reflects amounts payable to our Named Executive Officers (1) assuming their employment was terminated without
cause on June 30, 2012 and (2) assuming a change in control on June 30, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">Name</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="color: Black"><B>Termination</B><BR>
    <B>Without</B><BR><B> Cause<SUP>(1)</SUP></B></FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="color: Black"><B>Change
    in</B><BR>
    <B>Control<SUP>(2)</SUP></B></FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD NOWRAP STYLE="width: 74%; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="color: Black">Tao Li</FONT></TD><TD NOWRAP STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD NOWRAP STYLE="width: 10%; text-align: right"><FONT STYLE="color: Black">794</FONT></TD><TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 1%; text-align: left">$<FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="width: 10%; text-align: right"><FONT STYLE="color: Black">619,803
                                                       <SUP>(3)</SUP></FONT></TD><TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="color: Black">Ken Ren</FONT></TD><TD NOWRAP><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: left"><FONT STYLE="color: Black">$</FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="color: Black">13,333</FONT></TD><TD NOWRAP STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="color: black; text-align: left">$</TD><TD NOWRAP STYLE="color: black; text-align: right"><FONT STYLE="color: Black">587,400
                                                          <SUP>(4)</SUP></FONT></TD><TD NOWRAP STYLE="color: black; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75pt"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="color: Black">(1)</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify"><FONT STYLE="color: Black">Represents the payments made pursuant to contractual
    agreements with each Named Executive Officer as described below in this subsection.&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">(2)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Amounts in this column reflect the value of unvested restricted
    stock that would be accelerated upon a change of control. The amounts are calculated based on the closing market price of
    a share of our common stock on June 30, 2012, multiplied by the number of unvested shares.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">(3)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Represents the vesting of 174,102 shares of restricted stock.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">(4)</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Represents the vesting of 165,000 shares of restricted stock.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>Employment Agreements</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Tao
Li. </I>Pursuant to the terms of Mr. Li&rsquo;s employment agreement with Jinong, we may terminate Mr. Li&rsquo;s employment for
any reason upon 30 days prior written notice, in which case no termination payment is due. Alternatively, we may terminate his
employment immediately upon the payment of one month&rsquo;s salary. In the case of termination for cause as defined therein,
we may terminate Mr. Li&rsquo;s employment immediately without pay.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Ken
Ren</I>. Pursuant to the terms of our employment agreement with Mr. Ren, we may terminate Mr. Ren&rsquo;s employment for any reason
upon 30 days prior written notice, in which case no termination payment is due. Alternatively, we may terminate his employment
immediately upon the payment of one month&rsquo;s salary. In the case of termination for cause as defined therein, we may terminate
Mr. Ren&rsquo;s employment immediately without pay.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>2009 Equity Incentive Plan
Change in Control Provisions</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>&#9;</B>In
the event of a change in control of our company, and except as otherwise set forth in the applicable award agreement, all unvested
portions of awards shall vest immediately. Awards, whether or not then vested, shall be continued, assumed, or have new rights
as determined by our Compensation Committee or a committee of the Board of Directors designated to administer the Plan, and restrictions
to which any shares of restricted stock or any other award granted prior to the change in control are subject shall not lapse.
Awards shall, where appropriate at the discretion of the Committee, receive the same distribution of our common stock on such
terms as determined by the Compensation Committee. Upon a change in control, the Committee may also provide for the purchase of
any awards for an amount of cash per share of common stock issuable under the award equal to the excess of the highest price per
share of our common stock paid in any transaction related to a change in control of our company over the exercise price of such
award.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Director
Compensation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following table sets forth information concerning cash and non-cash compensation we paid to our directors during the fiscal year ended June 30, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 85%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-size: 8pt">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="color: Black">Name</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="color: Black">Fees<BR> Earned<BR> or<BR> Paid&nbsp;in<BR>
    Cash<BR> ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black; padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="color: Black">Stock<BR> Awards<BR>
    ($)<SUP>(1)</SUP></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-size: 8pt"><FONT STYLE="color: Black"><SUP>&nbsp;</SUP></FONT></TD><TD NOWRAP STYLE="color: black; padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="color: Black">Option<BR> Awards<BR>
    ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="color: Black">Non-Equity<BR> Incentive<BR> Plan<BR>
    Compensation<BR> ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="color: Black">Non-Qualified<BR> Deferred<BR> Compensation<BR>
    Earnings<BR>
    ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="color: Black">All<BR> Other<BR> Compensation<BR>
    ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="color: Black">Total<BR> ($)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 8pt">
    <TD STYLE="width: 10%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">Yu Hao</FONT></TD><TD STYLE="width: 1%; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 10%; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">24,000</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 10%; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black"><SUP>&nbsp;</SUP></FONT></TD><TD STYLE="width: 1%; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 10%; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 10%; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 10%; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 10%; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">21,905</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">(2)</FONT></TD><TD STYLE="width: 1%; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="width: 10%; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">45,905</FONT></TD><TD STYLE="width: 1%; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-size: 8pt">
    <TD STYLE="text-align: left; font-size: 8pt"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Lianfu
                                 Liu<SUP> &nbsp;</SUP></FONT></P></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">24,000</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: black; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: black; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="color: black; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">51,450</FONT></TD><TD STYLE="color: black; text-align: left; font-size: 8pt"><FONT STYLE="color: Black"><SUP>(3)</SUP></FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">3,000</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">(4)</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">27,000</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204); font-size: 8pt">
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">Yizhao Zhang</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">24,000</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: black; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: black; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="color: black; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">51,450</FONT></TD><TD STYLE="color: black; text-align: left; font-size: 8pt"><FONT STYLE="color: Black"><SUP>&nbsp;</SUP></FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">3,000</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">(4)</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">27,000</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-size: 8pt">
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">Yiru Shi</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">12,958</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: black; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: black; text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="color: black; text-align: right; font-size: 8pt"><FONT STYLE="color: Black">51,450</FONT></TD><TD STYLE="color: black; text-align: left; font-size: 8pt"><FONT STYLE="color: Black"><SUP>&nbsp;</SUP></FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">&mdash;</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">1,250</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">(4)</FONT></TD><TD STYLE="font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">$</FONT></TD><TD STYLE="text-align: right; font-size: 8pt"><FONT STYLE="color: Black">14,208</FONT></TD><TD STYLE="text-align: left; font-size: 8pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The amounts
                                                            reported in this column reflect the fair value on the grant date of
                                                            the restricted stock awards granted to our directors. These values
                                                            are determined by multiplying the number of shares granted by the
                                                            closing price of our common stock on the trading day immediately preceding
                                                            the grant date. The dollar amounts do not necessarily reflect the
                                                            dollar amounts of compensation actually realized or that may be realized
                                                            by our directors.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Represents
                                                            compensation earned as an employee of Shaanxi TechTeam Jinong Humic
                                                            Acid Product Co., Ltd., our wholly-owned subsidiary.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Represents
                                                            15,000 shares of restricted shares granted by the Company on June
                                                            14, 2012. This applies to the other two independent directors below.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Represents
                                                            payments made to our independent directors for attendance at meetings
                                                            of our Board of Directors and Committees thereof.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
directors will also be reimbursed for all of their out-of-pocket expenses in traveling to and attending meetings of the Board
of Directors and committees on which they serve.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Compensation Committee Interlocks
and Insider Participation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
members of the Compensation Committee during the fiscal year ended June 30, 2012 were Ms. Yiru Shi and Messrs. Yizhao Zhang and
Lianfu Liu. During the fiscal year ended June 30, 2012:</FONT></P>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">none
                                                                                                              of the members of
                                                                                                              the Compensation
                                                                                                              Committee was an
                                                                                                              officer (or former
                                                                                                              officer) or employee
                                                                                                              of our company or
                                                                                                              any of its subsidiaries;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">none
                                                                                                              of the members of
                                                                                                              the Compensation
                                                                                                              Committee had a
                                                                                                              direct or indirect
                                                                                                              material interest
                                                                                                              in any transaction
                                                                                                              in which we were
                                                                                                              a participant and
                                                                                                              the amount involved
                                                                                                              exceeded $120,000;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">none
                                                                                                              of our executive
                                                                                                              officers served
                                                                                                              on the compensation
                                                                                                              committee (or another
                                                                                                              board committee
                                                                                                              with similar functions
                                                                                                              or, if none, the
                                                                                                              entire Board of
                                                                                                              Directors) of another
                                                                                                              entity where one
                                                                                                              of that entity&rsquo;s
                                                                                                              executive officers
                                                                                                              served on our Compensation
                                                                                                              Committee;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">none
                                                                                                              of our executive
                                                                                                              officers was a director
                                                                                                              of another entity
                                                                                                              where one of that
                                                                                                              entity&rsquo;s executive
                                                                                                              officers served
                                                                                                              on our Compensation
                                                                                                              Committee; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">none
                                                                                                              of our executive
                                                                                                              officers served
                                                                                                              on the compensation
                                                                                                              committee (or another
                                                                                                              board committee
                                                                                                              with similar functions
                                                                                                              or, if none, the
                                                                                                              entire Board of
                                                                                                              Directors) of another
                                                                                                              entity where one
                                                                                                              of that entity&rsquo;s
                                                                                                              executive officers
                                                                                                              served as a director
                                                                                                              on our Board of
                                                                                                              Directors.</FONT></TD></TR></TABLE>

<P STYLE="margin: 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>CORPORATE
GOVERNANCE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Independence of the Board of
Directors</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Our
Board of Directors is currently composed of five (5) members. Yizhao Zhang, Yiru Shi and Lianfu Liu qualify as independent directors
in accordance with the published listing requirements of the New York Stock Exchange (&ldquo;NYSE&rdquo;). The NYSE independence
definition includes a series of objective tests, such as that the director is not, and has not been for at least three years,
one of our employees and that neither the director nor any of his or her family members has engaged in various types of business
dealings with us. In addition, as further required by NYSE rules, our Board of Directors has made an affirmative determination
as to each independent director that no relationships exist which, in the opinion of our Board of Directors, would interfere with
the exercise of independent judgment in carrying out the responsibilities of a director. In making these determinations, our directors
reviewed and discussed information provided by the directors and us with regard to each director&rsquo;s business and personal
activities as they may relate to us and our management. Our directors hold office until their successors have been elected and
qualified or their earlier death, resignation or removal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Board Meetings</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Board of Directors held two meetings, by telephone, in the fiscal year ended June 30, 2012. In addition, the Board of Directors
unanimously approved four written consents on matters between meetings. During the fiscal year ended June 30, 2012, each incumbent
director attended at least 75% of the aggregate number of meetings of the Board of Directors and applicable committee meetings
(held during the period for which he or she was a director) on which he or she served. We do not have a formal policy regarding
attendance by members of the Board of Directors at the annual meeting of stockholders, but we encourage all members of the Board
of Directors to attend the Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Board Committees</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Our
Board of Directors has established the following three standing committees which, pursuant to delegated authority, perform various
duties on behalf of and report to the Board of Directors: (i)&nbsp;Audit Committee, (ii)&nbsp;Compensation Committee and (iii)
Nominating Committee. From time to time, the Board of Directors may establish other committees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>Audit
Committee</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Audit Committee is responsible for: (i)&nbsp;overseeing the corporate accounting and financial reporting practices; (ii)&nbsp;recommending
the selection of our registered public accounting firm; (iii)&nbsp;reviewing the extent of non-audit services to be performed
by the auditors; and (iv) reviewing the disclosures made in our periodic financial reports. The members of the Audit Committee
are Messrs. Yizhao Zhang, Lianfu Liu and Ms. Yiru Shi, each of whom is an independent director within the meaning of the rules
of the NYSE and Rule&nbsp;10A-3 promulgated by the SEC under the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange
Act&rdquo;). In addition, the Board of Directors has determined that each of Mr. Zhang and Ms. Shi qualifies as an Audit Committee
Financial Expert under applicable SEC Rules. The Chairman of the Audit Committee is Mr. Zhang. The Audit Committee held six meetings
during the fiscal year ended June 30, 2012. The Audit Committee carries out its responsibilities in accordance with the terms
of its Audit Committee Charter, a copy of which was attached as Annex A to our Definitive Proxy Statement on Schedule 14A for
our 2010 Annual Meeting, filed with the SEC on October 28, 2010, and is also available on our website at <U>www.cgagri.com</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>Compensation
Committee</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Compensation Committee determines matters pertaining to the compensation of executive officers and other significant employees,
and administers our stock and incentive plans. The members of the Compensation Committee are Messrs. Yizhao Zhang, Lianfu Liu
and Ms. Yiru Shi. The Chairman of the Compensation Committee is Ms. Shi. The Compensation Committee held one meeting during the
fiscal year ended June 30, 2012. Each of the members of the Compensation Committee is a &ldquo;non-employee director&rdquo; within
the meaning of Rule&nbsp;16b-3 under the Exchange Act, and an &ldquo;outside director&rdquo; within the meaning of Section 162(m)
under the Internal Revenue Code. The Compensation Committee carries out its responsibilities pursuant to a written charter, a
copy of which was attached as Annex C to our Definitive Proxy Statement on Schedule 14A for our 2009 Annual Meeting, filed with
the SEC on October 28, 2009, and is also available on our website at <U>www.cgagri.com</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>Nominating Committee</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Nominating Committee identifies and nominates candidates to serve on our Board of Directors. The members of the Nominating Committee
are Messrs. Yizhao Zhang, Lianfu Liu and Ms. Yiru Shi. The Chairman of the Nominating Committee is Mr. Liu. The Nominating Committee
held one meeting during the fiscal year ended June 30, 2012. A copy of our Nominating Committee Charter was attached as Annex
B to our Definitive Proxy Statement on Schedule 14A for our 2010 Annual Meeting, filed with the SEC on October 28, 2010, and is
also available on our website at <U>www.cgagri.com</U>. See &ldquo;Director Nominations&rdquo; below for the procedures for the
nomination of directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Board Leadership Structure and
Board&rsquo;s Role in the Oversight of Risk Management </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#9;Our
Board of Directors believes it is important to select our Chairman and our Chief Executive Officer in the manner it considers
in the best interests of our company at any given point in time. Due to Mr. Li&rsquo;s substantial experience in the industry,
our Board of Directors has determined that the most effective leadership structure for our company at this time is for Mr. Li
to serve as both our Chairman and Chief Executive Officer. Our Board benefits from the Chairman having direct knowledge of the
operations of, and opportunities and challenges facing, our business on a regular and company-wide basis. Mr. Li&rsquo;s combined
role as Chairman and Chief Executive Officer fosters greater communication between the Board and management and provides unified
leadership for carrying out our company&rsquo;s strategic initiatives and business plans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#9;T<FONT STYLE="font-family: Times New Roman, Times, Serif">o
counterbalance the potential for ineffective Board oversight, we have adopted a governance structure that includes: (i) a designated
lead independent director; (ii) annual elections of directors by a majority of votes cast at the annual meeting of shareholders;
(iii) committees composed entirely of independent directors; and (iv) established corporate governance and ethics guidelines.
Our Board appointed Mr. Yizhao Zhang to serve as the Board&rsquo;s lead independent director. The lead independent director acts
as an intermediary between the Board and senior management. Among other things, the lead independent director is responsible for
facilitating communication among directors and between the Board and the Chief Executive Officer, working with the Chief Executive
Officer to provide an appropriate information flow to the Board, and chairing executive sessions of the independent directors.
Executive sessions of our independent directors occur following regularly scheduled quarterly audit committee meetings, and at
such other times as the independent directors deem appropriate. </FONT>However, the Board of Directors recognizes that circumstances
may change over time and as they do, changes to the leadership structure may be warranted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Board has an active role, directly and through its committees, in the oversight of our risk management efforts. The Board carries
out this oversight role through several levels of review. The Board regularly reviews and discusses with members of management
information regarding the management of risks inherent in the operations of our businesses and the implementation of our strategic
plan, including our risk mitigation efforts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
accordance with corporate governance standards of the NYSE, the Audit Committee charter assigns to that committee the responsibility
to review our policies and practices with respect to risk assessment and risk management, including major financial risk exposures,
and the steps management has taken to monitor and control such exposures. Additionally, each of the Board&rsquo;s committees also
oversees the management of our risks that are under each committee&rsquo;s areas of responsibility. For example, the Audit Committee
oversees management of accounting, auditing, external reporting, internal controls, and cash investment risks. The Nominating
Committee oversees our compliance policies, Code of Conduct, conflicts of interests, director independence and corporate governance
policies. The Compensation Committee oversees risks arising from compensation practices and policies. In this manner the Board
is able to coordinate its risk oversight.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Director
Nominations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Nominating Committee recommends director candidates and will consider for such recommendation director candidates proposed by
management, other directors and stockholders. All director candidates will be evaluated based on the criteria identified below,
regardless of the identity of the individual or the entity or person who proposed the director candidate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
selection of director nominees includes consideration of factors deemed appropriate by the Corporate Governance and Nominating
Committee and the Board of Directors. We may engage a firm to assist in identifying, evaluating, and conducting due diligence
on potential board nominees. Factors will include integrity, achievements, judgment, intelligence, personal character, any prior
contact or relationship between a candidate and a current or former director or officer of our company, the interplay of the candidate&rsquo;s
relevant experience with the experience of other Board members, the willingness of the candidate to devote adequate time to Board
duties and the likelihood that he or she will be willing and able to serve on the Board of Directors for a sustained period. The
Corporate Governance and Nominating Committee will consider the candidate&rsquo;s independence, as defined by the rules of the
SEC and the NYSE. In connection with the selection, due consideration will be given to the Board&rsquo;s overall balance of diversity
of perspectives, backgrounds, and experiences. Experience, knowledge, and skills to be represented on the Board of Directors include,
among other considerations, financial expertise (including an &ldquo;audit committee financial expert&rdquo; within the meaning
of the SEC&rsquo;s rules), financing experience, related industry experience, strategic planning, business development, and community
leadership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Code of
Ethics</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">We
have adopted a Code of Ethics that applies to all of our employees and officers, and the members of our Board of Directors, which
was amended and restated in 2010. The Amended and Restated Code of Ethics (the &ldquo;Code of Ethics&rdquo;) is available on our
website at <U>www.cgagri.com</U>. Printed copies are available upon request without charge. Any amendment to or waiver of the
Code of Ethics will be disclosed on our website promptly following the date of such amendment or waiver.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Corporate
Governance Guidelines</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">We
have adopted Corporate Governance Guidelines applicable to the management of our company, a copy of which is available on our
website at <U>www.cgagri.com</U>. Printed copies are available upon request without charge.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Certain Relationships and Related
Transactions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">On
August 10, 2010, we entered into an agreement with Xi&rsquo;an Kingtone Information Technology Co., Ltd. (&ldquo;Kingtone Information&rdquo;),
the contractually-controlled operating subsidiary of Kingtone Wirelessinfo Solution Holding Ltd (&ldquo;Kingtone Wireless&rdquo;),
a Nasdaq listed company. Mr. Tao Li, our Chairman and Chief Executive Officer, is the Chairman of Kingtone Wireless. Pursuant
to the agreement, Kingtone Information is responsible for developing certain electronic control systems for Xi&rsquo;an Hu County
Yuxing Agriculture Technology Development Co., Ltd. (&ldquo;Yuxing&rdquo;), a wholly-owned subsidiary of Jinong in the PRC. The
total contracted value of this agreement, including value-added taxes and other taxes, is RMB 3.03 million, or approximately $452,000.
Work on this project started in August 2010 and is still ongoing. Pursuant to the agreement, Kingtone Information will design,
plan, construct and purchase materials for the electronic control systems to be used in 28 greenhouses of Yuxing. The agreement
sets forth a warranty period, which is the earlier of (a) 18 months after the construction raw materials are delivered, inspected
and accepted, and (b) 12 months after the inspection and acceptance of the work completed. During the warranty period Yuxing is
entitled to receive maintenance and repair services at no cost.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Our
executive offices located at 3/F, Area A, Block A, No. 18 South Taibai Road, Xi&rsquo;an 710065, the People&rsquo;s Republic of
China are leased from Kingtone Information. On September 30, 2010, Jinong signed a two year lease effective as of July 1, 2010
with Xi&rsquo;an Kingtone Information Technology Co., Ltd. (&ldquo;Kingtone Information&rdquo;), who owns the property. Kingtone
Information is a Variable Interest Entity (&ldquo;VIE&rdquo;) controlled by Kingtone Wirelessinfo Solution Holoding Ltd. (&ldquo;Kingtone
Wirelessinfo&rdquo;), whose Chairman and majority shareholder is Mr. Tao Li, the Chairman, President and Chief Executive Officer
of the Company. According to the lease agreement, the monthly rent is $1,596 (RMB 10,800) for approximately 3,875 square feet
(360 square meters). On June 29, 2012, the two parties signed a new lease for a new lease term from July 1, 2012 to June 30, 2014
for a monthly rent of approximately $3,885 (RMB24,480) for approximately 6,587 square feet (612 square meters).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">On
March 8, 2012, the Company, entered into a Stock Purchase Agreement (&ldquo;Purchase Agreement&rdquo;), with Mr. Tao Li, Chairman
and Chief Executive Officer of the Company, pursuant to which the Company issued 63,158 shares of its Common Stock, par value
$0.001 (the &ldquo;Shares&rdquo;) to Mr. Li. The purchase price for each Share is $4.75 and the aggregate purchase price for the
Shares is $300,000.50. The Company sold the Shares in reliance upon the exemption from securities registration afforded by Section
4(2) of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;) and Rule 506 of Regulation D as promulgated
by the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) under the Securities Act. The foregoing description of
the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement
which is attached as Exhibit 10.1 to the Company&rsquo;s Current Report on Form 8-K filed with the Commission on March 8, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">On
September 26, 2012, Mr. Tao Li subscribed 151,515 shares of the Company&rsquo;s Common Stock under the first offering under the
ESPP at a purchase price equal to the market price of the Company&rsquo;s stock at $3.30 per share on September 26, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Procedures for Approval of Related
Party Transactions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
November 2010, we adopted a written Related Party Transactions Policy (the &ldquo;Policy&rdquo;). According to the Policy, a &ldquo;Related
Party Transaction&rdquo; is a transaction, arrangement or relationship (or any series of similar transactions, arrangements or
relationships) in which we (including any of our subsidiaries) are, were or will be a participant and the amount involved exceeds
$120,000, and in which any related party had, has or will have a direct or indirect &ldquo;material&rdquo; interest. The Policy&rsquo;s
definition of a &ldquo;Related Party&rdquo; is in line with the definition set forth in the instructions to Item 404(a) of Regulation
S-K promulgated by the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Under
the Policy, our Chief Financial Officer is responsible for determining whether a proposed transaction, as submitted by a Related
Party is a Related Party Transaction that requires the consideration and discussion of the Audit Committee. The Audit Committee
is responsible for evaluating and assessing a proposed transaction based on the facts and circumstances including those listed
in the Policy, including comparing the terms of the proposed transaction and the terms available to unrelated third parties or
to employees generally. The Policy states that the Audit Committee shall approve only those Related Party Transactions that are
in, or are not inconsistent with, the best interests of our company and our stockholders. No member of the Audit Committee shall
participate in any review, consideration or approval of any Related Party Transaction in which he or she or any immediate family
member directly or indirectly is involved.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
the event that we become aware of a Related Party Transaction that has not been previously approved under the Policy, such transaction
will be presented to the Audit Committee. A Related Party Transaction entered into without pre-approval of the Audit Committee
shall not be deemed to violate the Policy, or be invalid or unenforceable, so long as the transaction is brought to the Audit
Committee as promptly as reasonably practical after it is entered into and is subsequently ratified by the Audit Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Section&nbsp;16(a)
Beneficial Ownership Reporting Compliance</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Section&nbsp;16(a)
of the Exchange Act requires our executive officers and directors, and persons who own more than 10% of a registered class of
our equity securities (&ldquo;Reporting Persons&rdquo;), to file reports of ownership and changes in ownership with the SEC. The
Reporting Persons are also required to furnish us with copies of all such reports. Based solely on our review of the reports received
by us, and written representations from certain Reporting Persons that no other reports were required for those persons, we believe
that, during the year ended June 30, 2012, the Reporting Persons met all applicable Section 16(a) filing requirements other than
the Form 3 of Yiru Shi reporting her status as a new director on December 9, 2011 was not filed until June 16, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>Communications
with the Board</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">Interested
parties may communicate with any of our directors, our Board as a group, our independent directors as a group or any committees
of the Board by sending an e-mail to</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jane Zuo, Secretary to the
Board of Directors, at <I>jane.zuo@cgagri.com</I> and indicating the intended recipient in the subject line, or by writing to
Ms. Zuo at China Green Agriculture, Inc., 3rd Floor, Borough A, Block A. No. 181, South Taibai Road, Xian, Shaanxi Province, People&rsquo;s
Republic of China 710065. The Board has given Ms. Zuo, as Secretary to the Board of Directors, the discretion to distribute communications
to the director or directors, after ascertaining whether the communications are appropriate to duties and responsibilities of
the Board. Communications that relate to ordinary business matters that are not within the scope of the Board&rsquo;s responsibilities
will be forwarded to the appropriate employee within our company. Solicitations, junk email and obviously frivolous or inappropriate
communications will not be forwarded. You will receive a written acknowledgement from the Secretary to the Board upon receipt
of your communication. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>Audit Fees</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>Audit Fees </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&#9;The
aggregate fees billed by Kabani &amp; Company, Inc. for professional services rendered for the audit of our annual financial statements
included in our Annual Reports on Form 10-K, for the reviews of the financial statements included in our Quarterly Reports on
Form 10-Q, for our Sarbanes-Oxley Act of 2002 compliance audit, and for services in connection with statutory and regulatory filings
or engagements were $440,000 and $455,000 for the fiscal years ended June 30, 2012 and 2011, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>Audit-Related
Fees </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&#9;The
aggregate fees billed by our principal accountants for audit-related services was $15,000 and $10,000 for the fiscal years ended
June 30, 2012 and 2011, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>Tax Fees
</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&#9;We
did not engage our principal accountants to provide tax or related services during the last two fiscal years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>All Other
Fees </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><FONT STYLE="color: Black">&#9;We
did not engage our principal accountants to render services to us during the last two fiscal years, other than as reported above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"><B>REPORT OF THE AUDIT COMMITTEE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Audit Committee of the Board is comprised of three non-employee directors, each of whom has been determined by the Board to be
&ldquo;independent&rdquo; under the meaning of Rule&nbsp;10A-3(b)(1) under the Exchange Act. Each of Mr. Yizhao Zhang and Ms.
Yiru Shi qualifies as a financial expert within the meaning of Item 401(h) of SEC Regulation&nbsp;S-K. The Audit Committee assists
the Board&rsquo;s oversight of the integrity of our financial reports, compliance with legal and regulatory requirements, the
qualifications and independence of our independent registered public accounting firm, the audit process, and internal controls.
The Audit Committee operates pursuant to a written charter adopted by the Board. The Audit Committee is responsible for overseeing
our corporate accounting and financial reporting practices, recommending the selection of our registered public accounting firm,
reviewing the extent of non-audit services to be performed by the auditors, and reviewing the disclosures made in our periodic
financial reports. The Audit Committee also reviews and recommends to the Board that the audited financial statements be included
in our Annual Report on Form 10-K.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Audit Committee: (1)&nbsp;reviewed and discussed the audited financial statements for the year ended June 30, 2012 with management;
(2)&nbsp;discussed with the independent auditors the matters required to be discussed by SAS 61 (Codification of Statements on
Auditing Standards), as may be modified or supplemented; and (3)&nbsp;received the written disclosures and the letter from the
independent accountants required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent
accountant&rsquo;s communications with the Audit Committee concerning independence, and has discussed with the independent accountant
its independence.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Based
on the review and discussions referred to above, the Audit Committee had recommended to the Board of Directors that the audited
financial statements be included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2012 for filing with the
SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
foregoing report has been furnished in October 2012 by the members of the Audit Committee, being:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="color: Black">Yizhao Zhang,
Chairman</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="color: Black">Yiru Shi</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="color: Black">Lianfu Liu</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: Black">The foregoing
Audit Committee Report does not constitute soliciting material and shall not be deemed filed or incorporated by reference into
any other of our filings under the Securities Act or the Exchange Act, except to the extent that we specifically incorporate this
Audit Committee Report by reference therein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">STOCKHOLDER
PROPOSALS</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Proposals
of stockholders intended for presentation at next year&rsquo;s annual meeting of stockholders and intended to be included in our
proxy statement and form of proxy relating to that meeting must be received at our executive office by June 30, 2013 and comply
with the requirements of Rule 14a-8(e) promulgated under the Exchange Act. If a stockholder intends to submit a proposal at next
year&rsquo;s annual meeting of stockholders, which proposal is not intended to be included in the our proxy statement and form
of proxy relating to that meeting, the stockholder must provide appropriate notice to us not later than September 13, 2013 in
order to be considered timely submitted within the meaning of Rule 14a-4(c) of the Exchange Act. As to all such matters which
we do not have notice on or prior to September 13, 2013, discretionary authority shall be granted to the persons designated in
our proxy related to the 2013 annual meeting of stockholders to vote on such proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>ANNUAL REPORT
ON FORM 10-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">We
will furnish without charge to each person whose proxy is being solicited, upon the request of such person, a copy of our Annual
Report on Form&nbsp;10-K for the fiscal year ended June 30, 2012, including the financial statements and schedules thereto. Requests
for copies of such report should be directed to Mr. Ken Ren, Chief Financial Officer, China Green Agriculture, Inc., 3rd Floor,
Borough A, Block A. No. 181, South Taibai Road, Xian, Shaanxi Province, People&rsquo;s Republic of China 710065, +86-29-88266368.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">OTHER MATTERS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">As
of the date of this Proxy Statement, the Board of Directors has no knowledge of any business which will be presented for consideration
at the Meeting other than the election of directors. Should any other matters be properly presented, it is intended that the enclosed
proxy will be voted in accordance with the best judgment of the persons voting the proxies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">It
is important that the proxies be returned promptly and that your shares be represented at the Meeting. Stockholders are urged
to mark, date, execute and promptly return the accompanying proxy card in the enclosed envelope.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 50%"><FONT STYLE="color: Black">October 29, 2012</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 45%"><FONT STYLE="color: Black">By Order of the Board of Directors</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;/s/
                                                                    Tao Li</FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Tao
                                    Li</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">Chairman of the Board</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black"><B>Appendix A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase; color: Black"><B>Amendment
to</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>2009 EQUITY
INCENTIVE PLAN</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>OF CHINA
GREEN AGRICULTURE, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">China
Green Agriculture, Inc. (the &ldquo;Company&rdquo;) previously approved and adopted the 2009 Equity Incentive Plan (the &ldquo;Plan&rdquo;)
to promote the success and enhance the value of the Company by linking the personal interests of the Plan&rsquo;s participants
to those of the Company&rsquo;s stockholders and by providing such individuals with an incentive for outstanding performance in
order to help grow the Company and to generate superior returns to its shareholders. By this Amendment, the Company desires to
amend the Plan to increase the number of shares available under the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="color: Black">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Capitalized terms used but
not otherwise defined herein shall have the respective meanings assigned to such terms in the Plan.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="color: Black">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The effective date of this
Amendment to the Plan shall be December 15, 2012, upon the stockholders&rsquo; approval.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="color: Black">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Section 1.5 of the Plan is
amended and restated in its entirety as follows:</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>Maximum
number of Shares Available for Awards</B>.&nbsp;&nbsp;Subject to adjustment in accordance with&nbsp;&nbsp;Section 5.2 hereof,
the maximum number of Shares for which grants under the Plan shall be available is 5,260,000.&nbsp;&nbsp;In addition, the Committee
shall have the authority, in its sole discretion, to grant additional Non-qualified Stock Options to a Participant who exercises
an Option and pays the exercise price in Common Stock, in a quantity equal to the number of shares of Common Stock delivered to
the Corporation upon such exercise.&nbsp;&nbsp;In the event any Awards granted under the Plan shall be forfeited, terminate or
expire, the number of Shares subject to such Award, to the extent of any such forfeiture, termination or expiration, shall thereafter
again be available for grant under the Plan.&nbsp;&nbsp;The Common Stock distributed under the Plan may be authorized and unissued
shares, shares held in the treasury of the Corporation, or shares purchased on the open market by the Corporation (at such time
or times and in such manner as it may determine).&nbsp;&nbsp;The Corporation shall be under no obligation to acquire Common Stock
for distribution to Participants before such Common Stock is due and distributable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">4.&#9;This
Amendment shall amend only the provisions of the Plan as set forth herein. Those provisions of the Plan not expressly amended
hereby shall be considered in full force and effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">IN
WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly authorized representative on this October 29,
2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>China Green Agriculture, Inc.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 5%; font-size: 10pt">By:</TD>
    <TD STYLE="width: 45%; font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;/s/ Tao Li</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name: Tao Li</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: Chief Executive Officer&nbsp;</P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;<B>&nbsp;</B></FONT></P>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
