<SEC-DOCUMENT>0001144204-16-125543.txt : 20160927
<SEC-HEADER>0001144204-16-125543.hdr.sgml : 20160927
<ACCEPTANCE-DATETIME>20160927161210
ACCESSION NUMBER:		0001144204-16-125543
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160927
FILED AS OF DATE:		20160927
DATE AS OF CHANGE:		20160927

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Origin Agritech LTD
		CENTRAL INDEX KEY:			0001321851
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE PRODUCTION - CROPS [0100]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51576
		FILM NUMBER:		161904557

	BUSINESS ADDRESS:	
		STREET 1:		NO. 21 SHENG MING YUAN ROAD
		CITY:			CHANGPING DISTRICT BEIJING
		STATE:			F4
		ZIP:			102206
		BUSINESS PHONE:		858-847-9000

	MAIL ADDRESS:	
		STREET 1:		NO. 21 SHENG MING YUAN ROAD
		CITY:			CHANGPING DISTRICT BEIJING
		STATE:			F4
		ZIP:			102206
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>v449497_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 6-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE MONTH OF SEPTEMBER 2016</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>COMMISSION FILE NUMBER <U>000-51576</U></B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>ORIGIN AGRITECH LIMITED </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Translation of registrant's name into English)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>No. 21 Sheng Ming Yuan Road, Changping
District, Beijing 102206</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Address of principal executive office)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Form 20-F <FONT STYLE="font-family: Wingdings">x</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F <FONT STYLE="font-family: Wingdings">&uml;</FONT></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Yes <FONT STYLE="font-family: Wingdings">&uml;</FONT>
&nbsp;&nbsp;&nbsp;No <FONT STYLE="font-family: Wingdings">x</FONT></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">If &quot;Yes&quot; is marked, indicate below
the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><U>Entry into Material Agreement &ndash;
Sale of Assets</U></B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">On September 26, 2016,
Origin Agritech Limited, a British Virgin Islands company (&ldquo;Origin Agritech&rdquo;), entered into a Master Transaction Agreement
(&ldquo;Transaction Agreement&rdquo;), along with its controlled companies Beijing Origin Seed Limited (&ldquo;Beijing Origin&rdquo;),
Denong Zhengcheng Seed Limited (&ldquo;Denong&rdquo;), Changchun Origin Seed Technology Development Limited, (&ldquo;Changchun
Origin&rdquo;), Linze Origin Seed Limited (&ldquo;Linze Origin&rdquo;), each of Beijing Origin, Denong, Changchun Origin and Linze
Origin being a company incorporated under the Laws of the PRC and Beijing Shihui Agricultural Development Co., Limited, a company
incorporated under the Laws of the PRC (&ldquo;Buyer&rdquo;), for the purpose of selling its commercial seed production and distribution
assets and certain other assets in the PRC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Origin
Agritech received a proposal from the Buyer on May 20, 2016, which was amended on July 16, 2016, for the purchase of the aforementioned
subsidiaries and assets.</FONT> <FONT STYLE="font-size: 10pt">The Buyer is a company controlled by Mr. Gengrui Han, brother of
the Dr. Han, Chairman of the Board of Origin Agritech, and Zhengzhou Advanced Industrial Investment Fund Partnership Enterprise
(Limited Partnership). In response to the initial letter on May 27, 2016, the Board of Directors formed a special committee consisting
of three independent directors, Mr. David W. Bullock, Mr. Min Tang and Mr. Michael Walter Trimble, with Mr. Bullock as its chairman
(&ldquo;Special Committee), to (A) consider and evaluate the Buyer&rsquo;s proposal and determine whether it is in the best interest
of the shareholders of the Origin Agritech, (B) negotiate on behalf of the Board of Directors the terms of the transactions contemplated
by the Buyer&rsquo;s proposal, and (C) consider other alternative proposals or competing offers and make recommendations to the
Board of Directors. The Special Committee retained Duff &amp; Phelps as its independent financial advisor. The transaction was
negotiated by the Special Committee and the Buyer, and the final terms for the Transaction Agreement and related agreements were
agreed upon during September 2016. The Transaction Agreement and the transaction was approved by the Special Committee and the
Board of Directors on September 26, 2016.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The overall transaction
will be conducted in two steps. The first step will be the sale of the equity held by Beijing Origin of each of the Denong, Changchun
Origin and Linze Origin companies, and the second step will be the sale of a company holding the Zhengzhou Branch Assets and the
office building in Beijing. Beijing Origin will also orchestrate with the parties that own minor percentages of Changchun Origin,
not now owned by Beijing Origin, to purchase their ownership equity amounts so that the Buyer acquires from Beijing Origin all
of the equity of Changchun Origin in the first step of the transaction. The second step requires Beijing Origin to effect a restructuring
to form a company to own the current office building located in Beijing, PRC and certain other assets (together the &ldquo;Zhengzhou
Branch Assets&rdquo;), which company will be sold to the Buyer so as to transfer the building and assets to the Buyer. By separate
agreement the Buyer will enter into license arrangements to pay Beijing Origin a royalty for the present and future seed portfolio
and a technology access fee for the research and development effort that Beijing Origin will provide going forward in the areas
of product discovery and development, hybrid registration, trait integration and intellectual property protection.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Objective of the Proposed Transaction</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The objective of the transaction,
taken together, is to sell to the Buyer the corn seed production and distribution assets, the Beijing office building and generally
the business of commercial corn seed production and sales now operated by Origin Agritech in the PRC through Beijing Origin. Origin
Agritech will retain the current seed breeding and biotech operations located in the PRC, including the businesses of Beijing Origin
State Harvest Biotechnology Limited (&ldquo;Origin Biotechnology&rdquo;), Henan Origin Cotton Technology Development Limited (&ldquo;Henan
Origin&rdquo;) and the joint venture company of Xinjiang Originbo Seed Limited (&ldquo;Xinjiang Origin&rdquo;). The retained companies
cover the biotech research facilities, which include modern laboratories, extensive field testing networks and off-season winter
nursery in Hainan, so as to be able to expand and pursue germplasm and trait licensing opportunities, and the seed intellectual
property assets of the company. Through the retained ownership of Xinjiang Origin, the company will maintain its &ldquo;Green Pass&rdquo;
status, providing the company with the competitive advantage of introducing new hybrid varieties to the Chinese market under an
expedited government approval process. Origin Agritech will also retain the management persons and staff operating the biotech
research and plant breeding activities, who will continue to be located in the PRC. The transaction is designed to further orient
Origin Agritech becoming a multi-national seed development company, capitalizing on its biotechnology assets and skills and to
allow the company to focus on strategic partnerships both within China and around the globe. The future focus of Origin Agritech
will be expansion into the United States and other markets through licensing its biotech traits and seed germplasm characteristics
and continuing to develop both genetically and non-genetically modified corn and other seeds.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">We believe that the Buyer
will be a strong strategic partner, which has a proven track record in seed production and distribution to farmers, suppliers and
agriculture-related enterprises in the PRC. The Buyer, we believe will position the commercial seed production and sales business
for long-term success in the PRC, including in their product range the Beijing Biotechnology and Beijing Origin seeds, while allowing
Origin to focus on growing its biotech portfolio and emerging product pipeline.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The net proceeds from
the transaction will strengthen the balance sheet and enable the Origin Agritech to focus on biotechnology trait and seed germplasm
research and development.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">At the first closing,
the Buyer will pay to Beijing Origin RMB 200 million (approximately US$30,000,000), for the 98.58% equity ownership interest in
Denong, 100% equity ownership interest Changchun Origin and 100% equity ownership interest in Linze Origin (together the &ldquo;VIE
Subsidiaries&rdquo;). The first closing is conditioned (among other things) on Beijing Origin acquiring the current minority percentage
ownership of Changchun Origin that is held by a third party, so as to deliver to the Buyer 100% of the equity ownership of Changchun
Origin. The minority interest of Denong will continue to be held by two third parties and will not be sold to the Buyer. At the
second closing, the Buyer will pay to Beijing Origin RMB 190 million (approximately US$28,500,000) and the RMB10 million (approximately
US$1,500,000) deposit will be released for the 100% ownership interest in an entity formed by Beijing Origin as part of its reorganization
to hold the Zhengzhou Branch Assets. The total consideration to be paid to Beijing Origin will be RMB 400 million (approximately
US$60,000,000).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The Buyer will assume
the outstanding liabilities of the VIE Subsidiaries and the Zhengzhou Branch Assets, except for certain outstanding bank loans.
The current bank loans aggregating RMB 90 million (approximately US$ 13,500,000) will be transferred to Beijing Origin, subject
to the approval and agreement of the bank lenders. If the bank loans cannot be transferred, then the purchase price will be reduced
for the outstanding amount due, but any guarantees provided by Dr. Han Gengchen will be terminated without liability to Beijing
Origin or Dr. Han.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Beijing Origin has agreed
to use its reasonable best efforts (i) to complete the restructuring of the company so as to be able to complete the second closing,
to acquire the portion of Changchun Origin that it does not own, and to transfer certain assets, the Linze Branch Assets, to Linze
Origin. Additionally, all intercompany accounts between Beijing Origin and its retained affiliates, on the one hand, and the VIE
Subsidiaries, on the other hand, regardless of any due dates, existing prior to the first closing will be paid in full before or
at the first closing. The Buyer and Beijing Origin will negotiate separate license agreements regarding the Buyer&rsquo;s continued
use of the trademarks and trade names owned by Beijing Origin and licensing designated seeds developed by Beijing Origin or Beijing
Biotechnology. Origin Agritech and Beijing Origin are jointly responsible for all transfer, documentary, sales, use, stamp, recording,
value added, registration, conveyancing taxes and fees in connection with the sale of the various types of assets to the Buyer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Beijing Origin has agreed
that for ten years after the closing, without the written consent of the Buyer, it and its affiliated entities will not directly
conduct any business in the distribution of crop seeds in the PRC, except for the distribution of crop seeds in Xinjiang province
by Xinjiang Origin. This limitation will not prohibit Origin Agritech, Beijing Origin or Beijing Biotechnology from conducting
the businesses of crop seed licensing, transgenic materials licensing, transgenic traits licensing or other activities related
to its intellectual property in the PRC. This non-competition provision will terminate if more than 50% of the equity interest
or assets of Origin Agritech are acquired by an independent third party during the restrictive period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">To be able to complete
the transaction, Beijing Origin will be required to obtain waivers of a right of first refusal to purchase the Denong shares being
sold to the Buyer held by Leshan Agricultural Science Institute and Sichuan Neijiang Agricultural Science Institute, each of whom
currently own a small percentage of the shares of Denong.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">As a deposit against the
purchase price and for partial payment of specified termination fees, the Buyer will deposit with Beijing Origin the sum of RMB10
million (approximately US$1,500,000) at the time of the signing of the Transaction Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Shareholder Approval&#9;</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Origin Agritech requires
shareholder approval under the governing corporate law of the British Virgin Islands to complete the transaction because it represents
the sale of a significant part of its currently held total assets. Origin Agritech has agreed with the Buyer to hold a shareholder
meeting as soon as practicable for the purpose of obtaining shareholder approval and adoption of the Transaction Agreement and
the other transactions contemplated to complete the sale of assets. It is estimated that the shareholder approval will be obtained
during the first calendar quarter of 2017, which will require Origin Agritech to have filed its Form 20-F annual report for fiscal
year 2016 and a proxy statement explaining the transaction and the financial and business consequences of the transaction with
the United States Securities and Exchange Commission and to have held the shareholder meeting in accordance with the laws of the
British Virgin Islands and its Memorandum of Association.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Representations and Warranties; Indemnification</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Beijing Origin is making
certain limited representations and warranties to the Buyer, including those about (i) the corporate existence and power of the
Beijing Origin and each of the VIE Subsidiaries to enter into the various transactions, (ii) the corporate authorization of the
various Origin parties to enter into the various transactions, (iii) having required or obtaining all government authorizations
so as to be able to consummate the transactions contemplated by the Transaction Agreement, (iv) the transactions not contravening
any other agreements of Beijing Origin or the VIE Subsidiaries that would result in a loss of the benefits that the Buyer is purchasing,
and (v) the registered capital of the VIE Subsidiaries having been fully paid up and the stated ownership by Beijing Origin is
as disclosed. Origin Agritech and Beijing Origin are not providing any indemnification for their representations and warranties.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Buyer is giving to Beijing Origin similar corporate representations as Beijing Origin is giving to it. Additionally, the Buyer
is representing that it has the immediately available funds to pay the total purchase price, there is no litigation that would
affect its ability to consummate the acquisitions, and it is the only party owing a finder&rsquo;s fee in respect of the transaction,
which is payable to</FONT> <FONT STYLE="font-size: 10pt">Go &amp; Company (HK) Limited. </FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The Transaction Agreement
provides for typical conditions to closing, including the continuance of the businesses of the VIE Subsidiaries prior to their
sale, there being no governmental prohibition to the transactions being consummated and having all approvals for the sale transaction,
there being no breaches of representations and warranties that have not been waived, and obtaining shareholder approval of the
Transaction Agreement and the transactions contemplated thereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Additionally, prior to
consummation of the transaction under the Transaction Agreement, Origin Agritech and Beijing Origin have committed to undertake
a number of deal specific actions. Beijing Origin is obligated to use its reasonable efforts to restructure its operations to be
able to sell the Zhengzhou Branch Assets to the Buyer and to enter into an agreement to acquire the Changchun Origin shares that
it does not currently own. Beijing Origin also must transfer certain identified assets to Linze Origin prior to the sale of that
VIE Subsidiary. Origin Agritech is committed to holding a meeting of its shareholders to approve the Transaction Agreement and
related transactions and in connection with that meeting to cause the Board of Directors to recommend to the shareholders their
approval of the transactions contemplated by the Transaction Agreement. Except as permitted by the terms of the Transaction Agreement,
Origin Agritech and its subsidiaries are prohibited, directly or indirectly, by its actions or those of its representatives, (i)
to solicit, initiate or knowingly take any action to facilitate or encourage the submission to it of a competing proposal to acquire
the company or the assets being sold under the Transaction Agreement, (ii) to enter into negotiations or furnish information for
a competing proposal, or (iii) to fail to make, withdraw or modify in a manner adverse to the Buyer the Origin Agritech Board of
Director recommendation to the shareholders to approve the Transaction Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Notwithstanding the obligation
limiting its actions with respect to a competing proposal to that of the Transaction Agreement, so long as they are consistent
with the fiduciary duties under British Virgin Islands law, the Board of Directors of Origin Agritech may engage in negotiations
or discussions with third parties that are expected to lead to a superior transaction to that if the Transaction Agreement, all
of which information is also provided to the Buyer. The Board of Directors of Origin Agritech also may also make a recommendation
against approval of the transactions with the Buyer and terminate the Transaction Agreement under the same fiduciary standard.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The parties to the Transaction
Agreement have committed to the typical mutual agreements such as consulting with one another about public announcements, making
governmental and other filings to be able to consummate the transaction, and using their reasonable best efforts to take all necessary
actions to achieve the objectives of the transaction.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Termination and Break Up Fees</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Concurrently with the
execution and delivery of the Transaction Agreement, the Buyer will pay to Beijing Origin the cash amount of RMB 10 million (approximately
US$1,500,000), which is a portion of the purchase price and also the Termination Fee in favor of Beijing Origin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If the Transaction Agreement
is terminated by Beijing Origin by reason of a breach of a representation, warranty or covenant by the Buyer, then the deposit
will be retained by Beijing Origin, and the Buyer will pay an additional sum of RMB 5 million (approximately US$750,000) to Beijing
Origin. If the Transaction Agreement is terminated because (i) Origin Agritech accepts a superior offer for the company or the
assets, (ii) the Board of Directors of Origin Agritech recommends that its shareholder approve a different transaction, (iii) Beijing
Origin breaches its representations, warranties or covenants, or (iv) a competing proposal to that of the Transaction Agreement
is announced and within 12 months the competing proposal is consummated, then the deposit amount will be returned to the Buyer,
and Beijing Origin will pay to the Buyer an additional sum of RMB 10 million (approximately US$1,500,000).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If the Transaction Agreement
is terminated by mutual agreement of the parties or by reason of the transactions not being completed by June 29, 2017, a governmental
authority has acted to prohibit the transactions, or Origin Agritech fails to obtain the required shareholder approval, then the
parties will terminate the agreement without penalty to any party.</P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</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="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 10pt">ORIGIN AGRITECH LIMITED</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-size: 10pt">By</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 37%"><FONT STYLE="font-size: 10pt">/S/ William S. Neibur</FONT></TD>
    <TD STYLE="text-align: left; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Name: William S. Neibur</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Title: President and CEO</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Date: September 27, 2016</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></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 NOWRAP STYLE="width: 15%; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>Exhibit Number</B></FONT></TD>
    <TD NOWRAP STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 84%; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Press release announcing the sale of designated assets, dated September 27, 2016</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">99.2</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Form of Master Transaction Agreement, dated September 26, 2016, relating to the sale of corn seed commercial production and distribution assets</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>


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<TYPE>EX-99.1
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<FILENAME>v449497_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 99.1</P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 68.25pt; width: 85.9pt"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">FOR IMMEDIATE RELEASE&#9;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 4in">&nbsp;</P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>ORIGIN
AGRITECH ANNOUNCES SALE OF</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>COMMERCIAL
SEED PRODUCTION AND</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>DISTRIBUTION
BUSINESS FOR $60 MILLION</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>--Conference Call to Discuss Transaction
Scheduled for Wednesday, September 28th at 8:30 a.m. EST--</I></B></P>

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

<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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>BEIJING, China -- September 27, 2016 &ndash; </B>Origin
Agritech Ltd. (Nasdaq: SEED) today announced the company has entered into a definitive agreement to sell its proprietary China-based
commercial corn seed production and distribution business for RMB 400 million (approximately USD $60 million) to Beijing Shihui
Agricultural Development Co, Ltd (&ldquo;Beijing Shihui&rdquo;).&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This is the next phase in management&rsquo;s plan to establish
Origin as a global seed germplasm and biotech trait leader. Origin will retain its corn breeding and biotech research and development
capabilities, which include modern laboratories, extensive field testing networks and off-season winter nursery in Hainan, to expand
and pursue germplasm and trait licensing opportunities. Through Xinjiang Originbo, Origin also will maintain its &ldquo;Green Pass&rdquo;
status, allowing it the competitive advantage of introducing new hybrid varieties to the Chinese market through an expedited government
approval process.</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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This transaction is subject to customary closing conditions
and shareholder approval. It is expected to close in the first quarter of 2017.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Following a strategic review by the special committee of the
board of directors, it was determined that the sale of Origin&rsquo;s proprietary commercial seed business would strengthen its
balance sheet and enable it to focus on biotechnology trait and seed germplasm research and development.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;The sale and repositioning of Origin&rsquo;s commercial
seed business represents a significant step in evolving the company&rsquo;s strategic direction and positions Origin for a stronger
future,&rdquo; said Bill Niebur, Origin CEO. &ldquo;This transition will allow us to emphasize biotechnology and strategic partnerships
both within China and around the globe. We believe the sale of these assets to Beijing Shihui realizes the value of our commercial
seed business. We will utilize the proceeds to accelerate the licensing of our biotech traits and seed germplasm to other seed
companies in China. We will also develop our non-genetically modified corn and soybean business in the United States, making what
we believe will be a stronger and more attractive business in the years to come.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under the terms of this deal, the acquirer of the China-based
commercial seed business will enter into separate license agreements to pay Origin a royalty stream for the present and future
product portfolio and a technology access fee for the research and development effort that Origin provides going forward in the
areas of product discovery and development, hybrid registration, trait integration and intellectual property protection.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The transaction includes all or substantial equity interests
in Linze Origin Seed Limited, Changchun Origin Seed Technology Development Limited and DenongZhengcheng Seed Limited, the Linze
branch and Zhengzhou branch of Beijing Origin Seed Limited, and certain real estate owned by Beijing Origin Seed Limited.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;Through this transaction and the development of our North
American non-GM business, we believe that we are setting the stage for compelling growth opportunities,&rdquo; Niebur said. &ldquo;We
have a very exciting future ahead of us and look forward to providing our investors with additional updates on our business in
the upcoming weeks and months.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Duff and Phelps served as the special committee&rsquo;s financial
advisor and Davis Polk &amp; Wardwell LLP as legal advisor in connection with this transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beijing Shihui is an internet agricultural enterprise that provides
agricultural products and technology services to farmers, suppliers and agriculture-related enterprises in China.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company will host a teleconference on September 28, 2016,
at 8:30 a.m. EST / 8:30 p.m. Beijing time to discuss this transaction and answer questions from investors. To participate in the
call, please dial the following numbers approximately five minutes prior to the scheduled start time.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">US Toll Free:</TD>
    <TD STYLE="width: 50%">1-888-346-8982</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>International Toll:&nbsp;</TD>
    <TD>1-412-902-4272</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Mainland China Toll Free:</TD>
    <TD>4001-201203</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Hong Kong Toll Free:</TD>
    <TD>800-905945</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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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">&nbsp;</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">A webcast will also be available in the &lsquo;Events&rsquo;
tab of the Company's investor relations website at <FONT STYLE="font-family: Times New Roman, Times, Serif; color: #0563C1"><I><U>http://www.originseed.com.cn/en/</U></I></FONT><I>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A replay of the call will be available shortly after the conference
call through October 5, 2016. The dial-in numbers for the replay are:</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">US Toll Free:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 50%">1-877-344-7529</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>International Toll:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD>1-412-317-0088</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Replay Access Code:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD>10093446</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">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Origin Agritech Limited, founded in 1997 and headquartered
in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is China&rsquo;s leading agricultural biotechnology company, specializing
in crop seed breeding and genetic improvement, seed production, processing, distribution, and related technical services. Leading
the development of crop seed biotechnologies, Origin Agritech's phytase corn was the first transgenic corn to receive the Bio-Safety
Certificate from China's Ministry of Agriculture. Over the years, Origin has established a robust biotechnology seed pipeline including
products with glyphosate tolerance and pest resistance (Bt) traits. Origin operates production centers, processing centers and
breeding stations nationwide with sales centers located in key crop-planting regions. Product lines are vertically integrated for
corn, rice and canola seeds. For further information, please visit the Company&rsquo;s website at: http://www.originseed.com.cn
or <FONT STYLE="color: #0563C1"><U>http://www.originseed.com.cn/en/</U></FONT>.</I></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This communication contains &quot;forward-looking statements&quot;
within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future
business and financial performance and financial condition, and often contain words such as &quot;expect,&quot; &quot;anticipate,&quot;
&quot;intend,&quot; &quot;plan,&quot; &quot;believe,&quot; &quot;seek,&quot; &quot;see,&quot; &quot;will,&quot; &quot;would,&quot;
&quot;target,&quot; similar expressions, and variations or negatives of these words. Forward-looking statements by their nature
address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction
and the anticipated benefits thereof. Forward-looking statements are not guarantees of future performance and are based on certain
assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties,
many of which are beyond the company's control. Some of the important factors that could cause the company's actual results to
differ materially from those projected in any such forward-looking statements are: fluctuations in energy and raw material prices;
failure to develop and market new products and optimally manage product life cycles; ability to respond to market acceptance, rules,
regulations and policies affecting products based on biotechnology and, in general, for products for the agriculture industry;
outcome of significant litigation and environmental matters, including realization of associated indemnification assets, if any;
failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions;
global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions;
security threats, such as acts of sabotage, terrorism or war, natural disasters and weather events and patterns which could affect
demand as well as availability of products for the agriculture industry; ability to protect and enforce the company's intellectual
property rights; and successful integration of acquired businesses and separation of underperforming or non-strategic assets or
businesses. The company undertakes no duty to publicly revise or update any forward-looking statements as a result of future developments,
or new information or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">Jordan Rose</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">Office:
(515) 226-0818</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">Email: jrose@thinkwixted.com</FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Phone: (203) 682-8233</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: bill.zima@icrinc.com</P>

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

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



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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>v449497_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>EXHIBIT 99.2</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>MASTER TRANSACTION AGREEMENT</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">September 26, 2016</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Origin Agritech Limited</B>,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Beijing Origin Seed Limited</B>,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>DenongZhengcheng Seed Limited</B>,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Changchun Origin Seed Technology
Development Limited</B>,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Linze Origin Seed Limited</B>,</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Beijing Shihui Agricultural
Development Co., Limited </B></P>

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


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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</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="text-decoration: none; text-align: right; width: 90%"></TD>
    <TD STYLE="text-align: right; width: 10%; border-bottom: Black 1pt solid"><FONT STYLE="font-variant: small-caps"><U STYLE="text-decoration: none">Page</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal"><FONT STYLE="text-transform: uppercase">Article 1</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Definitions</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 1.01.&nbsp;&nbsp;<I>Definitions</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 1.02.&nbsp;&nbsp;<I>Other Definitional and Interpretative Provisions</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">6</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal"><FONT STYLE="text-transform: uppercase">Article 2</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Purchase and Sale</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 2.01.&nbsp;&nbsp;<I>Purchase and Sale</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">6</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 2.02.&nbsp;&nbsp;<I>Closings</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">6</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal"><FONT STYLE="text-transform: uppercase">Article 3</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Representations and Warranties of Beijing Origin</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 3.01.&nbsp;&nbsp;<I>Corporate Existence and Power</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">7</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 3.02.&nbsp;&nbsp;<I>Corporate Authorization</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">7</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 3.03.&nbsp;&nbsp;<I>Governmental Authorization</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">8</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 3.04.&nbsp;&nbsp;<I>Noncontravention</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">8</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 3.05.&nbsp;&nbsp;<I>Capitalization</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">8</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 3.06.&nbsp;&nbsp;<I>Ownership of Shares</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">8</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal; text-transform: uppercase"><FONT STYLE="text-transform: uppercase">Article 4</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Representations and Warranties of Buyer</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 4.01.&nbsp;&nbsp;<I>Corporate Existence and Power</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 4.02.&nbsp;&nbsp;<I>Corporate Authorization</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 4.03.&nbsp;&nbsp;<I>Governmental Authorization</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 4.04.&nbsp;&nbsp;<I>Noncontravention</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 4.05.&nbsp;&nbsp;<I>Financing</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 4.06.&nbsp;&nbsp;<I>Purchase for Investment</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 4.07.&nbsp;&nbsp;<I>Litigation</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 4.08.&nbsp;&nbsp;<I>Finders&rsquo; Fees</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">10</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 4.09.&nbsp;&nbsp;<I>Inspections; No Other Representations</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">10</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: normal; text-transform: uppercase"><FONT STYLE="text-transform: uppercase">Article 5</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">Covenants of Origin Entities</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 5.01.&nbsp;&nbsp;<I>Restructuring</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">10</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 5.02.&nbsp;&nbsp;<I>Changchun Origin Shares</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">10</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 5.03.&nbsp;&nbsp;<I>Linze Branch Assets</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">11</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 5.04.&nbsp;&nbsp;<I>Conduct of the VIE Subsidiaries</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">11</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 5.05.&nbsp;&nbsp;<I>Access to Information</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">11</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 5.06.&nbsp;&nbsp;<I>Origin Agritech Shareholder Meeting</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">12</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 5.07.&nbsp;&nbsp;<I>No Solicitation; Other Offers</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">12</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</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(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal; text-transform: uppercase; width: 90%"><FONT STYLE="text-transform: uppercase">Article 6</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Covenants of Buyer</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 6.01.&nbsp;&nbsp;<I>Deposit</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">14</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 6.02.&nbsp;&nbsp;<I>Assumption of Liabilities</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">14</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 6.03.&nbsp;&nbsp;<I>Confidentiality</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 6.04.&nbsp;&nbsp;<I>Access; Seller Confidentiality</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal; text-transform: uppercase"><FONT STYLE="text-transform: uppercase">Article 7</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Covenants of Buyer and Seller</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 7.01.&nbsp;&nbsp;<I>Purchase Agreements</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 7.02.&nbsp;&nbsp;<I>Reasonable Best Efforts; Further Assurances</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">16</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 7.03.&nbsp;&nbsp;<I>Certain Filings</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">16</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 7.04.&nbsp;&nbsp;<I>Public Announcements</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">16</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 7.05.&nbsp;&nbsp;<I>Intercompany Accounts</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">16</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 7.06.&nbsp;&nbsp;<I>Bank Loans</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">16</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 7.07.&nbsp;&nbsp;<I>Notices of Certain Events</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">17</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 7.08.&nbsp;&nbsp;<I>Trademarks; Trade Names</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">17</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal; text-transform: uppercase"><FONT STYLE="text-transform: uppercase">Article 8</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Tax Matters</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 8.01.&nbsp;&nbsp;<I>Transfer Taxes</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">17</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: normal; text-transform: uppercase"><FONT STYLE="text-transform: uppercase">Article 9</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">Conditions to Closings</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 9.01.&nbsp;&nbsp;<I>Conditions to Obligations of Buyer and Seller</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">17</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 9.02.&nbsp;&nbsp;<I>First Closing Conditions to Obligations of Buyer</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">18</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 9.03.&nbsp;&nbsp;<I>First Closing Conditions to Obligations of Origin Entities</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">18</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 9.04.&nbsp;&nbsp;<I>Second Closing Conditions to Obligations of Buyer</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">19</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 9.05.&nbsp;&nbsp;<I>Second Closing Conditions to Obligations of Origin Entities</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">20</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal; text-transform: uppercase"><FONT STYLE="text-transform: uppercase">Article 10</FONT></TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Termination</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 10.01.&nbsp;&nbsp;<I>Grounds for Termination</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">20</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 10.02.&nbsp;&nbsp;<I>Effect of Termination</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">21</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 10.03.&nbsp;&nbsp;<I>Termination Fee</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">21</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</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(204,238,255)">
    <TD STYLE="text-align: center; font-variant: normal; text-transform: uppercase; width: 90%"><FONT STYLE="text-transform: uppercase">Article 11</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; font-variant: small-caps">Miscellaneous</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-variant: small-caps">&nbsp;</TD>
    <TD STYLE="text-align: right; font-variant: small-caps">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 11.01.&nbsp;&nbsp;<I>Notices</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">22</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 11.02.&nbsp;&nbsp;<I>Amendments and Waivers</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">23</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 11.03.&nbsp;&nbsp;<I>Expenses</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">23</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 11.04.&nbsp;&nbsp;<I>Successors and Assigns</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">23</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 11.05.&nbsp;&nbsp;<I>Governing Law</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">23</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 11.06.&nbsp;&nbsp;<I>Dispute Resolution</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">24</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 11.07.&nbsp;&nbsp;<I>Counterparts; Effectiveness; Third Party Beneficiaries</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">24</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 11.08.&nbsp;&nbsp;<I>Entire Agreement</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">24</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-indent: 0in">Section 11.09.&nbsp;&nbsp;<I>Severability</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">24</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 0in">Section 11.10.&nbsp;&nbsp;<I>Specific Performance</I></TD>
    <TD STYLE="text-indent: 0in; text-align: right">24</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">MASTER TRANSACTION AGREEMENT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">MASTER TRANSACTION AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;),
dated as of September 26, 2016, by and among Origin Agritech Limited, a company incorporated under the Laws of the British Virgin
Islands (&ldquo;<B>Origin Agritech</B>&rdquo;), Beijing Origin Seed Limited, a company incorporated under the Laws of the PRC (&ldquo;<B>Beijing
Origin</B>&rdquo;), DenongZhengcheng Seed Limited, a company incorporated under the Laws of the PRC (&ldquo;<B>Denong</B>&rdquo;),
Changchun Origin Seed Technology Development Limited, a company incorporated under the Laws of the PRC (&ldquo;<B>Changchun Origin</B>&rdquo;),
Linze Origin Seed Limited, a company incorporated under the Laws of the PRC (&ldquo;<B>Linze Origin</B>&rdquo;), and Beijing Shihui
Agricultural Development Co., Limited, a company incorporated under the Laws of the PRC (&ldquo;<B>Buyer</B>&rdquo;). Each party
to this Agreement is herein referred to as a &ldquo;<B>Party</B>&rdquo; and collectively as the &ldquo;<B>Parties</B>&rdquo;.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">WHEREAS, Beijing Origin is the owner of (i)
100% equity interest in Linze Origin, 99.83% equity interest in Changchun Origin and 98.58% equity interest in Denong, (ii) the
Headquarters Building and (iii) the Zhengzhou Branch Assets and the Linze Branch Assets;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">WHEREAS, Origin Agritech effectively controls
Beijing Origin through a series of contractual arrangements;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">WHEREAS, Beijing Origin intends to cause the
remaining 0.17% equity interest in Changchun Origin to be transferred to Beijing Origin at a nominal price promptly after the execution
and delivery of this Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">WHEREAS, Beijing Origin intends to cause the
Restructuring to commence immediately after the execution and delivery of this Agreement; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">WHEREAS, subject to the terms and conditions
of this Agreement, Buyer desires to purchase from Beijing Origin, and Beijing Origin desires to sell to Buyer, the Denong Shares,
the Changchun Origin Shares, the Linze Origin Shares and the Zhengzhou Origin Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">NOW, THEREFORE, in consideration of the premises
and the mutual agreements and covenants hereinafter set forth, and intending to be legally bound, the Parties agree as follows:</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
1</FONT><BR>
Definitions</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 1.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>
Definitions. </I>(a) The following terms, as used herein, have the following meanings:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Affiliate</B>&rdquo; means, with respect
to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with such Person. For
purposes of this definition, &ldquo;<B>control</B>&rdquo; when used with respect to any Person means the power to direct the management
and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise,
and the terms &ldquo;<B>controlling</B>&rdquo; and &ldquo;<B>controlled</B>&rdquo; have correlative meanings.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Applicable Law</B>&rdquo; means, with
respect to any Person, any transnational, domestic or foreign federal, state or local law (statutory, common or otherwise), constitution,
treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement
enacted, adopted, promulgated or applied by a Governmental Authority that is binding upon or applicable to such Person, as amended
unless expressly specified otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Bank Loans</B>&rdquo; means the loans
of the VIE Subsidiaries as set out in <U>Exhibit E</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Business Day</B>&rdquo; means a day,
other than Saturday, Sunday or other day on which commercial banks in the PRC or the British Virgin Islands are authorized or required
by Applicable Law to close.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Buyer</B> <B>Termination Fee</B>&rdquo;
means an amount equal to RMB15 million.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Changchun Origin Purchase Agreement</B>&rdquo;
means the share purchase agreement in the form set out in <U>Exhibit A</U>, entered into by Beijing Origin and Buyer concurrently
with the execution of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Changchun Origin Shares</B>&rdquo;
means 100% equity interest in Changchun Origin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Competing Proposal</B>&rdquo; means,
other than the transactions contemplated by this Agreement, any offer or proposal made by any Third Party relating to (i) any acquisition
or purchase, direct or indirect, of 25% or more of the consolidated assets of Origin Agritech and its subsidiaries or 25% or more
of any class of equity or voting securities of Origin Agritech or any of its subsidiaries whose assets, individually or in the
aggregate, constitute 25% or more of the consolidated assets of Origin Agritech, (ii) any tender offer (including a self-tender
offer) or exchange offer that, if consummated, would result in such Third Party&rsquo;s beneficially owning 25% or more of any
class of equity or voting securities of Origin Agritech or any of its subsidiaries whose assets, individually or in the aggregate,
constitute 25% or more of the consolidated assets of Origin Agritech or (iii) a merger, consolidation, share exchange, business
combination, sale of substantially all the assets, reorganization, recapitalization, liquidation, dissolution or other similar
transaction involving Origin Agritech or any of its subsidiaries whose assets, individually or in the aggregate, constitute 25%
or more of the consolidated assets of Origin Agritech and, in any case of (i), (ii) or (iii) above, such offer or proposal must
relate to a material portion of the equity interests or assets contemplated to be sold to Buyer pursuant to this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Denong Shares</B>&rdquo; means the
98.58% equity interest in Denong that is owned by Beijing Origin as of the date hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Denong Purchase Agreement</B>&rdquo;
means the share purchase agreement in the form set out in <U>Exhibit B</U>, entered into by Beijing Origin and Buyer concurrently
with the execution of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Exchange Act</B>&rdquo; means the
Securities Exchange Act of 1934, and the rules and regulations thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>First Closing Date</B>&rdquo; means
the date of the First Closing.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Governmental Authority</B>&rdquo;
means any transnational, domestic or foreign federal, state or local governmental, executive, legislative, judicial, regulatory,
taxing or administrative authority, department, court, arbitrator, agency or official, including any political subdivision thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Headquarters Building</B>&rdquo; means
that certain building located at 21 Sheng Ming Yuan Road, Changping District, Beijing, China, with the property ownership certificate
number 30714.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Intervening Event</B>&rdquo; means
any material circumstance, event, change or occurrence (other than a Competing Proposal) that (x) was not known or reasonably foreseeable
to the board of directors of Origin Agritech on the date of this Agreement, which material circumstance, event, change or occurrence
becomes known to the board of directors of Origin Agritech prior to the receipt of the Shareholder Approval, and (y) does not relate
to a Competing Proposal or to the identity of Buyer and its Affiliates, including, subject to the foregoing clauses (x) and (y),
changes in any applicable tax Laws, or official or judicial interpretations thereof, that would have a material adverse effect
on the advisability of the transactions contemplated by this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Law</B>&rdquo; means any transnational,
domestic or foreign federal, national, state or local law (statutory, common or otherwise), constitution, treaty, convention, ordinance,
code, rule, regulation, including any Order.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Liens</B>&rdquo; means, with respect
to any property or asset, any mortgage, lien, pledge, charge, security interest, encumbrance or other adverse claim of any kind
in respect of such property or asset, including any restriction on the use, voting, transfer, receipt of income or other exercise
of any attributes of ownership.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Linze Branch Assets</B>&rdquo; means
all assets used, or held for use, primarily in the business of the Linze branch of Beijing Origin as currently conducted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Linze Branch Liabilities</B>&rdquo;
means all liabilities to the extent arising from or related to the business of the Linze branch of Beijing Origin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Linze Origin Purchase Agreement</B>&rdquo;
means the share purchase agreement in the form set out in <U>Exhibit C</U>, to be entered into by Beijing Origin and Buyer concurrently
with the execution of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Linze Origin Shares</B>&rdquo; means
100% equity interest in Linze Origin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Material Adverse Effect</B>&rdquo;
means a material adverse effect on the financial condition, business, assets or results of operations of the VIE Subsidiaries,
taken as a whole, excluding any effect resulting from (A) changes in generally accepted accounting principles in the PRC or changes
in the regulatory accounting requirements applicable to any industry in which the VIE Subsidiaries operate, (B) changes in the
general economic or political conditions in the PRC, (C) changes (including changes of Applicable Law) or conditions generally
affecting the industry in which the VIE Subsidiaries operate, (D) acts of war, sabotage or terrorism or natural disasters involving
the PRC, (E) the announcement or consummation of the transactions contemplated by this Agreement, (F) any action taken (or omitted
to be taken) at the request of Buyer or (G) any action taken by Beijing Origin or its Affiliates that is required, expressly contemplated
or permitted or not prohibited from being taken pursuant to this Agreement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Origin Entities</B>&rdquo; means,
collectively, Origin Agritech and Beijing Origin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Origin Termination Fee</B>&rdquo;
means an amount equal to RMB10 million.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Person</B>&rdquo; means an individual,
corporation, partnership, limited liability company, association, trust or other entity or organization, including a Governmental
Authority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>PRC</B>&rdquo; means the People&rsquo;s
Republic of China, solely for purposes of this Agreement, excluding Hong Kong, Macau Special Administrative Region and Taiwan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Purchase Agreements</B>&rdquo; means,
collectively, the VIE Subsidiary Purchase Agreements and the Zhengzhou Origin Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Restructuring</B>&rdquo; means a series
of transactions implemented in accordance with the terms and conditions set forth in <U>Schedule I</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&ldquo;RMB</B>&rdquo; means <I>renminbi</I>,
the legal currency of the PRC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Second Closing Date</B>&rdquo; means
the date of the Second Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Shares</B>&rdquo; means, collectively,
the Denong Shares, the Changchun Origin Shares, the Linze Origin Shares and the Zhengzhou Origin Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Third Party</B>&rdquo; means any Person,
including as defined in Section 13(d) of the Exchange Act, other than Buyer or any of its Affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Transaction Documents</B>&rdquo; means,
collectively, this Agreement, the Purchase Agreements and any other agreement, document or instrument required to be executed and
delivered in connection with the transactions contemplated by this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>VIE Subsidiaries</B>&rdquo; means,
collectively, Denong, Changchun Origin and Linze Origin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>VIE Subsidiary Purchase Agreements</B>&rdquo;
means, collectively, the Changchun Origin Purchase Agreement, the Denong Purchase Agreement and the Linze Origin Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Zhengzhou Branch Assets</B>&rdquo;
means all assets used, or held for use, primarily in the business of the Zhengzhou branch of Beijing Origin as currently conducted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Zhengzhou Branch Liabilities</B>&rdquo;
means all liabilities to the extent arising from or related to the business of the Zhengzhou branch of Beijing Origin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Zhengzhou Origin</B>&rdquo; means
a company to be established in connection with the Restructuring in accordance with the terms and conditions set forth in <U>Schedule
I</U>, which will be wholly owned by Beijing Origin and will own the Headquarters Building and the Zhengzhou Branch Assets upon
the consummation of the Restructuring.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Zhengzhou Origin Purchase Agreement</B>&rdquo;
means the share purchase agreement in the form set out in <U>Exhibit D</U>, to be entered into by Beijing Origin and Buyer upon
the consummation of the Restructuring.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Zhengzhou Origin Shares</B>&rdquo;
means 100% equity interest in Zhengzhou Origin.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the following terms is defined in the Section set forth opposite such term:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="margin-left: 0.5in; font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 60%; border-bottom: Black 1pt solid"><B>Term</B></TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 38%; text-align: center; border-bottom: Black 1pt solid"><B>Section</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Adverse Recommendation Change</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.07(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Agreement</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Arbitrator</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 11.06</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Bankruptcy and Equity Exception</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.02</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Beijing Origin</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Buyer</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Changchun Origin</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Denong</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Deposit</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.01</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>First Closing</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.02(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>HKIAC</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 11.06</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Linze Origin</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Long-Stop Date</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 10.01(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Notice of Adverse Recommendation Change</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.07(d)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Notice of Superior Proposal</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.07(d)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Notice Period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.07(d)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Order</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 9.01(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Origin Agritech</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Origin Agritech Shareholder Meeting</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.06</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Origin Board Recommendation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.02(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Purchase Price</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.01</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Representative</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.07(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Second Closing</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.02(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Shareholder Approval</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 9.01(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Superior Proposal</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.07(e)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>VIE Subsidiary Securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.05(b)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 1.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>
Other Definitional and Interpretative Provisions. </I>The words &ldquo;hereof&rdquo;, &ldquo;herein&rdquo; and &ldquo;hereunder&rdquo;
and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of
this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction or
interpretation hereof. References to Articles, Sections, Exhibits and Schedules are to Articles, Sections, Exhibits and Schedules
of this Agreement unless otherwise specified. All Exhibits and Schedules annexed hereto or referred to herein are hereby incorporated
in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Exhibit or Schedule but
not otherwise defined therein, shall have the meaning as defined in this Agreement. Any singular term in this Agreement shall be
deemed to include the plural, and any plural term the singular. Whenever the words &ldquo;include&rdquo;, &ldquo;includes&rdquo;
or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed to be followed by the words &ldquo;without limitation&rdquo;,
whether or not they are in fact followed by those words or words of like import. &ldquo;Writing&rdquo;, &ldquo;written&rdquo; and
comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form.
References to any statute shall be deemed to refer to such statute as amended from time to time and to any rules or regulations
promulgated thereunder. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented
from time to time in accordance with the terms hereof and thereof; <I>provided</I> that with respect to any agreement or contract
listed on any schedules hereto, all such amendments, modifications or supplements must also be listed in the appropriate schedule.
References to any Person include the successors and permitted assigns of that Person. References from or through any date mean,
unless otherwise specified, from and including or through and including, respectively. References to &ldquo;law&rdquo;, &ldquo;laws&rdquo;
or to a particular statute or law shall be deemed also to include any and all Applicable Law.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
2</FONT><BR>
Purchase and Sale</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 2.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>
Purchase and Sale. </I>Upon the terms and subject to the conditions of this Agreement, Beijing Origin agrees to sell to Buyer,
and Buyer agrees to purchase from Beijing Origin, (i) the Denong Shares, the Changchun Origin Shares and the Linze Origin Shares
at the First Closing, and (ii) the Zhengzhou Origin Shares at the Second Closing. The total purchase price for the Shares is&nbsp;RMB400
million in cash (the &ldquo;<B>Purchase Price</B>&rdquo;). The Parties agree that the Purchase Price shall be paid in accordance
with this Agreement and the Purchase Agreements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 2.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>
Closings. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>First
Closing</I>. The closing (the &ldquo;<B>First</B> <B>Closing</B>&rdquo;) of the purchase and sale of the Denong Shares, the Changchun
Origin Shares and the Linze Origin Shares hereunder shall take place at the offices of Davis Polk &amp; Wardwell LLP, 2201 China
World Office 2, 1 Jian Guo Men Wai Avenue, Chao Yang District, Beijing, the PRC, as soon as possible, but in no event later than
five Business Days after satisfaction or, to the extent permissible, waiver by the Party or Parties entitled to the benefit of
the conditions set forth in Sections 9.01, 9.02 and 9.03 (other than conditions that by their nature are to be satisfied at the
First Closing, but subject to the satisfaction or, to the extent permissible, waiver of those conditions at the First Closing),
or at such other time or place as Buyer and Beijing Origin may agree. At the First Closing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer
shall deliver to Beijing Origin an aggregate of RMB200 million in cash pursuant to the VIE Subsidiary Purchase Agreements; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beijing
Origin shall deliver to Buyer each of the documents required to be delivered at the closing of the transactions contemplated by
the VIE Subsidiary Purchase Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Second
Closing</I>. The closing (the &ldquo;<B>Second</B> <B>Closing</B>&rdquo;) of the purchase and sale of the Zhengzhou Origin Shares
hereunder shall take place at the offices of Davis Polk &amp; Wardwell LLP, 2201 China World Office 2, 1 Jian Guo Men Wai Avenue,
Chao Yang District, Beijing, the PRC, as soon as possible, but in no event later than five Business Days after satisfaction or,
to the extent permissible, waiver by the Party or Parties entitled to the benefit of the conditions set forth in Sections 9.01,
9.04 and 9.05 (other than conditions that by their nature are to be satisfied at the Second Closing, but subject to the satisfaction
or, to the extent permissible, waiver of those conditions at the Second Closing), or at such other time or place as Buyer and Beijing
Origin may agree. At the Second Closing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer
shall deliver to Beijing Origin an aggregate of RMB190 million in cash pursuant to the Zhengzhou Origin Purchase Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beijing
Origin shall deliver to Buyer each of the documents required to be delivered at the closing of the transactions contemplated by
the Zhengzhou Origin Purchase Agreement.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
3</FONT><BR>
Representations and Warranties of Beijing Origin</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Beijing Origin represents and warrants to Buyer
as of the date hereof that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 3.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Corporate Existence and Power</I>. Each of Beijing Origin and the VIE Subsidiaries is a corporation duly incorporated, validly
existing and in good standing under the Laws of its jurisdiction of incorporation and has all corporate powers and all governmental
licenses, authorizations, permits, consents and approvals required to carry on its business as now conducted, except for those
licenses, authorizations, permits, consents and approvals the absence of which would not have a Material Adverse Effect. Each VIE
Subsidiary is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where such qualification
is necessary, except for those jurisdictions where failure to be so qualified would not, individually or in the aggregate, have
a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 3.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Corporate Authorization</I>. (a) The execution, delivery and performance by Beijing Origin of this Agreement and the consummation
of the transactions contemplated hereby are within Beijing Origin&rsquo;s corporate powers and, except for any required approval
by Origin Agritech&rsquo;s shareholders, have been duly authorized by all necessary corporate action on the part of Beijing Origin.
This Agreement constitutes a valid and binding agreement of Beijing Origin (subject to applicable bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and other Laws affecting creditors&rsquo; rights generally and general principles of equity
(the &ldquo;<B>Bankruptcy and Equity Exception</B>&rdquo;)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
a meeting duly called and held, Origin Agritech&rsquo;s board of directors has (i) unanimously determined that this Agreement and
the transactions contemplated hereby are fair to and in the best interests of Origin Agritech and its shareholders, (ii) unanimously
approved, adopted and declared advisable this Agreement and the transactions contemplated hereby and (iii) unanimously resolved,
subject to Section 5.07(b), to recommend approval and adoption of this Agreement by its shareholders (such recommendation, the
&ldquo;<B>Origin Board Recommendatio</B>n&rdquo;).</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 3.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Governmental Authorization</I>. The execution, delivery and performance by Beijing Origin of this Agreement and the consummation
of the transactions contemplated hereby require no action by or in respect of, or filing with, any Governmental Authority other
than (i) those set forth in <U>Schedule I</U> with respect to the Restructuring, (ii) those expressly contemplated in the Purchase
Agreements, and (iii) any such action or filing as to which the failure to make or obtain would not have a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 3.04.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Noncontravention</I>. The execution, delivery and performance by Beijing Origin of this Agreement and the consummation of the
transactions contemplated hereby do not and will not (i) violate the certificate of incorporation or bylaws of Beijing Origin or
any VIE Subsidiary, (ii) assuming compliance with the matters referred to in Section 3.03 and receipt of the other consents or
waivers expressly contemplated by this Agreement, violate any Applicable Law, require any consent or other action by any Person
under, constitute a default under, or give rise to any right of termination, cancellation or acceleration of any right or obligation
of Beijing Origin or any VIE Subsidiary or to a loss of any benefit to which Beijing Origin or any VIE Subsidiary is entitled under
any provision of any agreement or other instrument binding upon Beijing Origin or any VIE Subsidiary or (iv) result in the creation
or imposition of any Lien on any asset of any VIE Subsidiary, with such exceptions, in the case of each of clauses (ii) through
(iv), as would not have, individually or in the aggregate, a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 3.05.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Capitalization</I>. (a) The registered capital of Changchun Origin is RMB 30,000,000; the registered capital of Denong is RMB
120,000,000; the registered capital of Linze Origin is RMB 100,000,000. The registered capital of each VIE Subsidiary has been
fully paid up.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
are no outstanding (i) shares of capital stock or voting securities of any VIE Subsidiary, (ii) securities of any VIE Subsidiary
convertible into or exchangeable for shares of capital stock or voting securities of such VIE Subsidiary or (iii) options or other
rights to acquire from any VIE Subsidiary, or other obligation of any VIE Subsidiary to issue, any capital stock, voting securities
or securities convertible into or exchangeable for capital stock or voting securities of such VIE Subsidiary (the items in clauses
3.05(b)(i), 3.05(b)(ii) and 3.05(b)(iii) being referred to collectively as the &ldquo;<B>VIE Subsidiary Securities</B>&rdquo;).
There are no outstanding obligations of any VIE Subsidiary to repurchase, redeem or otherwise acquire any VIE Subsidiary Securities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 3.06.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Ownership of Shares</I>. Beijing Origin is the legal and beneficial owner of the Denong Shares and Linze Origin Shares and 99.83%
of the equity interest in Changchun Origin, free and clear of any Lien. Upon formation of Zhengzhou Origin, Beijing Origin will
be the legal and beneficial owner of the Zhengzhou Origin Shares. Beijing Origin will transfer and deliver to Buyer (i) at the
First Closing, valid title to the Denong Shares, the Changchun Origin Shares and the Linze Origin Shares and (ii) at the Second
Closing, valid title to the Zhengzhou Origin Shares, in each case, free and clear of any Lien.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
4</FONT><BR>
Representations and Warranties of Buyer</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Buyer represents and warrants to the other Parties
hereto as of the date hereof, as of the First Closing Date and as of the Second Closing Date that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Corporate Existence and Power</I>. Buyer is a corporation duly incorporated, validly existing and in good standing under the
Laws of the PRC and has all corporate powers and all material governmental licenses, authorizations, permits, consents and approvals
required to carry on its business as now conducted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Corporate Authorization</I>. The execution, delivery and performance by Buyer of this Agreement and the consummation of the
transactions contemplated hereby are within the corporate powers of Buyer and have been duly authorized by all necessary corporate
action on the part of Buyer. This Agreement constitutes a valid and binding agreement of Buyer (subject to the Bankruptcy and Equity
Exception).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Governmental Authorization</I>. The execution, delivery and performance by Buyer of this Agreement and the consummation of the
transactions contemplated hereby require no material action by or in respect of, or material filing with, any Governmental Authority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.04.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Noncontravention</I>. The execution, delivery and performance by Buyer of this Agreement and the consummation of the transactions
contemplated hereby do not and will not (i) violate the certificate of incorporation or bylaws of Buyer, (ii) assuming compliance
with the matters referred to in Section 4.03, violate any Applicable Law, (iii) require any consent or other action by any Person
under, constitute a default under, or give rise to any right of termination, cancellation or acceleration of any right or obligation
of Buyer or to a loss of any benefit to which Buyer is entitled under any provision of any agreement or other instrument binding
upon Buyer or (iv) result in the creation or imposition of any material Lien on any asset of Buyer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.05.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Financing</I>. Buyer has, or will have prior to the First Closing and Second Closing, sufficient cash, available lines of credit
or other sources of immediately available funds to enable it to make payment of the Purchase Price and any other amounts to be
paid by it hereunder. Buyer has provided Beijing Origin with copies of all commitment letters that Buyer has received with respect
to the financing of the transactions contemplated hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.06.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Purchase for Investment</I>. Buyer is purchasing the Shares for investment for its own account and not with a view to, or for
sale in connection with, any distribution thereof. Buyer (either alone or together with its advisors) has sufficient knowledge
and experience in financial and business matters so as to be capable of evaluating the merits and risks of its investment in the
Shares and is capable of bearing the economic risks of such investment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.07.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Litigation</I>. There is no action, suit, investigation or proceeding pending against, or to the knowledge of Buyer threatened
against or affecting, Buyer before any arbitrator or any Governmental Authority which in any manner challenges or seeks to prevent,
enjoin, alter or materially delay the transactions contemplated by this Agreement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.08.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Finders&rsquo;
Fees</I>. Except for Go &amp; Company (HK) Limited whose fees and expenses will be paid by Buyer, there is no investment banker,
broker, finder or other intermediary that has been retained by or is authorized to act on behalf of Buyer who might be entitled
to any fee or commission in connection with the transactions contemplated by this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4.09.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Inspections;
No Other Representations</I>. Buyer is an informed and sophisticated purchaser, and has engaged expert advisors, experienced in
the evaluation and purchase of companies such as the VIE Subsidiaries and Zhengzhou Origin as contemplated hereunder. Buyer has
undertaken such investigation and has been provided with and has evaluated such documents and information as it has deemed necessary
to enable it to make an informed and intelligent decision with respect to the execution, delivery and performance of this Agreement.
Buyer acknowledges that Beijing Origin has given Buyer complete and open access to the key employees, documents and facilities
of Beijing Origin and the VIE Subsidiaries. Buyer will undertake prior to the First Closing and the Second Closing such further
investigation and request such additional documents and information as it deems necessary. Buyer agrees to accept the Shares and
the VIE Subsidiaries and Zhengzhou Origin in the condition they are in on the First Closing Date and the Second Closing Date, as
applicable, based upon its own inspection, examination and determination with respect thereto as to all matters. Buyer is not relying
(and Buyer has not relied) on any express or implied representations or warranties of any nature (including as to the accuracy
or completeness of any information provided to Buyer) made by or on behalf of, or imputed to Beijing Origin, except as expressly
set forth in this Agreement. Without limiting the generality of the foregoing, Buyer acknowledges that Beijing Origin makes no
representation or warranty with respect to (i) any projections, estimates or budgets delivered to or made available to Buyer of
future revenues, future results of operations (or any component thereof), future cash flows or future financial condition (or any
component thereof) of the VIE Subsidiaries and Zhengzhou Origin or the future business and operations of the VIE Subsidiaries and
Zhengzhou Origin or (ii) any other information or documents made available to Buyer or its counsel, accountants or advisors with
respect to the VIE Subsidiaries and Zhengzhou Origin or their respective businesses or operations (including as to the accuracy
and completeness of any such information), except as expressly set forth in this Agreement.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
5</FONT><BR>
Covenants of Origin Entities</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 5.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Restructuring</I>.
Beijing Origin shall use its reasonable best efforts to complete the Restructuring promptly in accordance with the terms and conditions
set forth in <U>Schedule I</U> and shall use reasonable best efforts to ensure that, as soon as practicable after the date hereof,
each of the actions set forth in <U>Schedule I</U> shall have been completed, in each case, in form and substance reasonably acceptable
to Buyer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 5.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Changchun
Origin Shares</I>. Beijing Origin shall use its reasonable best efforts to acquire, as soon as practicable after the date hereof,
the 0.17% equity interest of Changchun Origin that are not owned by Beijing Origin as of the date hereof to achieve 100% ownership
interest in Changchun Origin.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 5.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Linze
Branch Assets</I>. Beijing Origin shall use its reasonable best efforts to cause the transfer of the Linze Branch Assets to Linze
Origin as soon as practicable after the date hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 5.04.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Conduct
of the VIE Subsidiaries</I>. From the date hereof until the First Closing Date, Beijing Origin shall cause each VIE Subsidiary
to conduct its businesses in the ordinary course consistent with past practice and to use its commercially reasonable efforts to
preserve intact its business organizations and relationships with third parties and to keep available the services of its present
officers and employees except as required by Applicable Law or as consented to by Buyer (which consent will not be unreasonably
withheld). Without limiting the generality of the foregoing, from the date hereof until the First Closing Date, Beijing Origin
will not permit any VIE Subsidiary to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adopt
or propose any change in its certificate of incorporation or bylaws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;merge
or consolidate with any other Person or acquire a material amount of assets from any other Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sell,
lease, license or otherwise dispose of any material assets or property except (i) pursuant to existing contracts or commitments
or (ii) otherwise in the ordinary course consistent with past practice; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;agree
or commit to do any of the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 5.05.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Access
to Information</I>. (a) From the date hereof until the Second Closing Date (with respect to any time from immediately after the
First Closing to the Second Closing Date, references to &ldquo;VIE Subsidiaries&rdquo; or &ldquo;VIE Subsidiary&rdquo; included
in this Section shall be deemed to be replaced with &ldquo;Zhengzhou Origin&rdquo;), Beijing Origin will (i) give, and will cause
the VIE Subsidiaries to give, Buyer, its counsel, financial advisors, auditors and other authorized representatives reasonable
access to the offices, properties, books and records of the VIE Subsidiaries and to the books and records of Beijing Origin relating
to the VIE Subsidiaries, (ii) furnish, and will cause the VIE Subsidiaries to furnish, to Buyer, its counsel, financial advisors,
auditors and other authorized representatives such financial and operating data and other information relating to the VIE Subsidiaries
as such Persons may reasonably request and (iii) instruct the employees, counsel and financial advisors of Beijing Origin or any
VIE Subsidiary to cooperate with Buyer in its investigation of any VIE Subsidiary. Any investigation pursuant to this Section shall
be conducted in such manner as not to interfere unreasonably with the conduct of the business of Beijing Origin or any VIE Subsidiary.
Notwithstanding the foregoing, Buyer shall not have access to personnel records of the VIE Subsidiaries relating to individual
performance or evaluation records, medical histories or other information which in Beijing Origin&rsquo;s good faith opinion is
sensitive or the disclosure of which could subject any VIE Subsidiary to risk of liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
and after the Second Closing Date, Beijing Origin will afford promptly to Buyer and its agents reasonable access to its books of
account, financial and other records (including accountant&rsquo;s work papers), information, employees and auditors to the extent
necessary or useful for Buyer in connection with any audit, investigation, dispute or litigation or any other reasonable business
purpose relating to any VIE Subsidiary or Zhengzhou Origin; <I>provided</I> that any such access by Buyer shall not unreasonably
interfere with the conduct of the business of Beijing Origin. Buyer shall bear all of the out-of-pocket costs and expenses (including
attorneys&rsquo; fees, but excluding reimbursement for general overhead, salaries and employee benefits) reasonably incurred in
connection with the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 5.06.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Origin
Agritech Shareholder Meeting</I>. Origin Agritech shall cause a meeting of its shareholders (the &ldquo;<B>Origin Agritech Shareholder
Meeting</B>&rdquo;) to be duly called and held as soon as reasonably practicable for the purpose of voting on the approval and
adoption of this Agreement and the transactions contemplated hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 5.07.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>No
Solicitation; Other Offers.</I> (a) Except as otherwise expressly provided in this Agreement, from and after the date of this Agreement
until the Second Closing or, if earlier, the termination of this Agreement in accordance with its terms, neither Origin Agritech
nor any of its subsidiaries shall, nor shall Origin Agritech or any of its subsidiaries authorize or permit any of its or their
officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (&ldquo;<B>Representatives</B>&rdquo;)
to, directly or indirectly, (i) solicit, initiate or knowingly take any action to facilitate or encourage the submission of any
Competing Proposal, (ii) enter into or participate in any discussions or negotiations with, or furnish any material non-public
information relating to Origin Agritech or any of its subsidiaries to, any Third Party relating to a Competing Proposal, (iii)
fail to make, withdraw or modify in a manner adverse to Buyer the Origin Board Recommendation (or recommend a Competing Proposal)
(any of the foregoing in this clause (iii), an &ldquo;<B>Adverse Recommendation Change</B>&rdquo;) or (iv) enter into any agreement
in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument
relating to a Competing Proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
Section 5.07(a), at any time prior to the date that the Shareholder Approval is obtained:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Origin
Agritech, directly or indirectly through advisors, agents or other intermediaries, may (A) engage in negotiations or discussions
with any Third Party and its Representatives or financing sources that has made after the date of this Agreement a <I>bona fide</I>
Competing Proposal that the board of directors of Origin Agritech reasonably believes could be expected to lead to a Superior Proposal
and (B) furnish to such Third Party or its Representatives or financing sources non-public information relating to Origin Agritech
or any of its subsidiaries pursuant to a confidentiality agreement (a copy of which shall be provided for informational purposes
only to Buyer) with such Third Party; <I>provided</I> that all such information (to the extent that such information has not been
previously provided or made available to Buyer) is provided or made available to Buyer, as the case may be, prior to or substantially
concurrently with the time it is provided or made available to such Third Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
board of directors of Origin Agritech may make an Adverse Recommendation Change; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;subject
to compliance with the procedures set forth in Section 10.01(c)(i), Origin Agritech may terminate this Agreement to enter into
a definitive agreement with respect to such Superior Proposal;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">in each case referred to in the foregoing clauses
(i), (ii) and (iii) only if the board of directors of Origin Agritech determines in good faith, after consultation with outside
legal counsel, that the failure to take such action could be inconsistent with its fiduciary duties under Applicable Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In addition, nothing contained herein shall
prevent the board of directors of Origin Agritech from (i) complying with Rule 14e-2(a) under the Exchange Act with regard to a
Competing Proposal so long as any action taken or statement made to so comply is consistent with this Section 5.07; <I>provided</I>
that any such action taken or statement made that relates to a Competing Proposal shall be deemed to be an Adverse Recommendation
Change unless the board of directors of Origin Agritech reaffirms the Origin Board Recommendation in such statement or in connection
with such action or (ii) issuing a &ldquo;stop, look and listen&rdquo; disclosure or similar communication of the type contemplated
by Rule 14d-9(f) under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Origin
Agritech shall notify Buyer promptly (but in no event later than two Business Days) after receipt by Origin Agritech (or any of
its Representatives) of any Competing Proposal, including of the material terms and conditions thereof, and shall, at Buyer&rsquo;s
request, use its reasonable best efforts to keep Buyer informed as to the status (including changes to the material terms) of such
Competing Proposal. Origin Agritech shall also notify Buyer promptly (but in no event later than two Business Days) after receipt
by Origin Agritech of any request for non-public information relating to Origin Agritech or any of its subsidiaries or for access
to the business, properties, assets, books or records of Origin Agritech or any of its subsidiaries by any Third Party that may
be considering making, or has made, an Competing Proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything to the contrary in this Agreement, no Adverse Recommendation Change may be made and no termination of this Agreement pursuant
to Section 5.07(b)(iii) may be effected, in each case until after the fifth Business Day following Buyer&rsquo;s receipt of written
notice from Origin Agritech advising Buyer that the board of directors of Origin Agritech intends to make an Adverse Recommendation
Change pursuant to clause (ii) of Section 5.07(b) (a &ldquo;<B>Notice of Adverse Recommendation Change</B>&rdquo;) or terminate
this Agreement pursuant to clause (iii) of Section 5.07(b) (a &ldquo;<B>Notice of Superior Proposal</B>&rdquo;); <I>provided</I>
that, (i) such notice shall specify, in reasonable detail, the reasons therefor, including, if the basis of the proposed action
by Origin Agritech&rsquo;s board of directors is (A) a Superior Proposal, the material terms and conditions of any such Superior
Proposal, the identity of the Third Party making any such Superior Proposal and a copy of the Superior Proposal and any proposed
agreements and financing commitments relating thereto and (B) an Intervening Event, a reasonably detailed description of the Intervening
Event, (ii) during such five Business Day period (the &ldquo;<B>Notice Period</B>&rdquo;), if requested by Buyer, Origin Agritech
shall, and shall make available and direct its necessary Representatives to, discuss and negotiate in good faith with Buyer and
Buyer&rsquo;s Representatives any proposed modifications to the terms and conditions of this Agreement; and (iii) following such
Notice Period, (x) in the case of an Intervening Event, Origin Agritech&rsquo;s board of directors, after taking into account any
modifications to the terms of this Agreement and/or the transactions contemplated hereby to which Buyer would agree, determines
in good faith, after consultation with outside legal counsel, that failure to effect such Adverse Recommendation Change could reasonably
be expected to be inconsistent with its fiduciary duties under Applicable Law or (y) in the case of a Superior Proposal, Origin
Agritech&rsquo;s board of directors, after taking into account any revisions to the terms of this Agreement and/or the transactions
contemplated hereby to which Buyer would agree, determines in good faith, after consultation with outside legal counsel and financial
advisors, that such Competing Proposal continues to constitute a Superior Proposal. Any such purported termination to enter into
a definitive agreement for a Superior Proposal shall not be effective unless and until Origin Agritech pays the Origin Termination
Fee in full. Any material change to (1) the facts or circumstances relating to such Intervening Event or (2) the terms (including
any change to the financial terms) or any other material amendment of such Superior Proposal shall require a new Notice of Adverse
Recommendation Change or Notice of Superior Proposal, as applicable, and Origin Agritech shall be required to comply again with
the requirements of this Section 5.07(d), except that the Notice Period in such case shall be two Business Days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Agreement, &ldquo;<B>Superior Proposal</B>&rdquo; means a <I>bona fide</I>, unsolicited Competing Proposal (with
all percentages in the definition of Competing Proposal increased to 50%) made by a Third Party on terms that the Board of Directors
of Origin Agritech determines in good faith by a majority vote, after considering the advice of its financial and legal advisors,
are more favorable to Origin Agritech and its shareholders than as provided hereunder (including any revisions to the terms of
this Agreement and/or the transactions contemplated hereby committed to by Buyer to Origin Agritech in writing in response to such
Competing Proposal under the provisions of Section 5.07(d)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Origin
Agritech shall, and shall use its reasonable best efforts to cause its subsidiaries and its and their Representatives to, cease
immediately and cause to be terminated any and all existing discussions or negotiations, if any, with any Third Party and its Representatives
and its financing sources conducted prior to the date hereof with respect to any Competing Proposal.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
6</FONT><BR>
Covenants of Buyer</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 6.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Deposit</I>.
Within five Business Days after the execution and delivery of this Agreement, Buyer shall deliver to Beijing Origin an amount equal
to RMB10 million in cash as deposit (the &ldquo;<B>Deposit</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 6.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Assumption
of Liabilities</I>. Except as provided in Section 7.06, Buyer agrees to assume, (i) effective at the time of the First Closing,
the Linze Branch Liabilities, and (ii) effective at the time of the Second Closing, the Zhengzhou Branch Liabilities.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 6.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Confidentiality</I>.
Prior to the Second Closing Date and after any termination of this Agreement, Buyer and its Affiliates will hold, and will use
their best efforts to cause their respective officers, directors, employees, accountants, counsel, consultants, advisors and agents
to hold, in confidence, unless compelled to disclose by judicial or administrative process or by other requirements of Law, all
confidential documents and information concerning any VIE Subsidiary furnished to Buyer or its Affiliates in connection with the
transactions contemplated by this Agreement, except to the extent that such information can be shown to have been (i) previously
known on a nonconfidential basis by Buyer, (ii) in the public domain through no fault of Buyer or (iii) later lawfully acquired
by Buyer from sources other than Beijing Origin or its Affiliates; <I>provided</I> that Buyer may disclose such information to
its officers, directors, employees, accountants, counsel, consultants, advisors and agents in connection with the transactions
contemplated by this Agreement and to its lenders or other Persons in connection with obtaining the financing for the transactions
contemplated by this Agreement so long as such Persons are informed by Buyer of the confidential nature of such information and
are directed by Buyer to treat such information confidentially. Buyer shall be responsible for any failure to treat such information
confidentially by such Persons. The obligation of Buyer and its Affiliates to hold any such information in confidence shall be
satisfied if they exercise the same care with respect to such information as they would take to preserve the confidentiality of
their own similar information. If this Agreement is terminated, Buyer and its Affiliates will, and will use their best efforts
to cause their respective officers, directors, employees, accountants, counsel, consultants, advisors and agents to, destroy or
deliver to Beijing Origin, upon request, all documents and other materials, and all copies thereof, obtained by Buyer or its Affiliates
or on their behalf from Beijing Origin or its Affiliates in connection with this Agreement that are subject to such confidence.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 6.04.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Access;
Seller Confidentiality</I>. Buyer will cause each VIE Subsidiary and Zhengzhou Origin, on and after the Second Closing Date, to
afford promptly to Beijing Origin and its agents reasonable access to their properties, books, records, employees and auditors
to the extent necessary to permit Beijing Origin to determine any matter relating to its rights and obligations hereunder or to
any period ending on or before the Second Closing Date; <I>provided</I> that any such access by Beijing Origin shall not unreasonably
interfere with the conduct of the business of Buyer. Beijing Origin will hold, and will use its best efforts to cause its officers,
directors, employees, accountants, counsel, consultants, advisors and agents to hold, in confidence, unless compelled to disclose
by judicial or administrative process or by other requirements of Applicable Law, all confidential documents and information concerning
any VIE Subsidiary and Zhengzhou Origin provided to it pursuant to this Section.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
7</FONT><BR>
Covenants of Buyer and Seller</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Purchase
Agreements. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concurrently
with the execution of this Agreement, Beijing Origin, Buyer and the applicable VIE Subsidiaries shall have executed and delivered
the VIE Subsidiary Purchase Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within
three Business Days after the consummation of the Restructuring, Beijing Origin, Zhengzhou Origin and Buyer shall execute and deliver
the Zhengzhou Origin Purchase Agreement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Reasonable
Best Efforts; Further Assurances</I>. Subject to the terms and conditions of this Agreement, Buyer and Beijing Origin will use
their reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or
desirable under Applicable Law to consummate the transactions contemplated by this Agreement and the other Transaction Documents,
including (i) preparing and filing as promptly as practicable with any Governmental Authority or other third party all documentation
to effect all necessary filings, notices, petitions, statements, registrations, submissions of information, applications and other
documents contemplated under this Agreement and the Purchase Agreements and (ii) obtaining and maintaining all approvals, consents,
registrations, permits, authorizations and other confirmations required to be obtained from any Governmental Authority or other
third party that are necessary, proper or advisable to consummate the transactions contemplated by this Agreement and the other
Transaction Documents; <I>provided</I> that the Parties understand and agree that the reasonable best efforts of any Party hereto
shall not be deemed to include (i)&nbsp;entering into any settlement, undertaking, consent decree, stipulation or agreement with
any Governmental Authority in connection with the transactions contemplated hereby or (ii)&nbsp;divesting or otherwise holding
separate (including by establishing a trust or otherwise), or taking any other action (or otherwise agreeing to do any of the foregoing)
with respect to any of its or its Affiliates&rsquo; businesses, assets or properties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certain
Filings</I>. The Parties shall cooperate with one another (i) in determining whether any action by or in respect of, or filing
with, any Governmental Authority is required, or any actions, consents, approvals or waivers are required to be obtained from parties
to any material contracts, in connection with the consummation of the transactions contemplated by this Agreement and (ii) in taking
such actions or making any such filings, furnishing information required in connection therewith and seeking timely to obtain any
such actions, consents, approvals or waivers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7.04.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Public
Announcements</I>. The Parties agree to consult with each other before issuing any press release or making any public statement
with respect to this Agreement or the transactions contemplated hereby and, except for any press releases and public announcements
the making of which may be required by Applicable Law or any listing agreement with any national securities exchange, will not
issue any such press release or make any such public statement prior to such consultation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7.05.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Intercompany
Accounts.</I> All intercompany accounts between Beijing Origin or its Affiliates (other than the VIE Subsidiaries) on the one hand,
and any VIE Subsidiary, on the other hand, as of the First Closing shall be settled (irrespective of the terms of payment of such
intercompany accounts) in the manner provided in this Section. At least two Business Days prior to the First Closing, Beijing Origin
shall prepare and deliver to Buyer a statement setting out in reasonable detail the calculation of all such intercompany account
balances based upon the latest available financial information as of such date and, to the extent requested by Buyer, provide Buyer
with supporting documentation to verify the underlying intercompany charges and transactions. All such intercompany account balances
shall be paid in full in cash on or prior to the First Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7.06.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Bank
Loans</I>. Subject to the relevant counterparties&rsquo; approval, Beijing Origin agrees to assume the Bank Loans as the borrower
thereunder after the First Closing; <I>provided</I> that, if such novation shall fail to be achieved, any outstanding amount (including
any interest) of the Bank Loans that is not assumed by Beijing Origin shall be deducted from the Purchase Price, and the VIE Subsidiaries
shall remain liable for such amount (including any interest) of the Bank Loans; <I>provided</I> <I>further</I> that, in the case
provided in the foregoing proviso, any guarantees provided by Beijing Origin and Mr. Han Gengchen in connection with the Bank Loans
shall be terminated without liability of Beijing Origin and Mr. Han Gengchen.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7.07.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Notices
of Certain Events</I>. Each of the Parties shall promptly notify the other Parties of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
notice or other communication from any Person alleging that the consent of such Person is or may be required in connection with
the transactions contemplated by this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
notice or other communication from any Governmental Authority in connection with the transactions contemplated by this Agreement;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
actions, suits, claims, investigations or proceedings commenced relating to Beijing Origin, any VIE Subsidiary or Zhengzhou Origin
that, if pending on the date of this Agreement, would have been required to have been disclosed pursuant to any of such Party&rsquo;s
representations and warranties contained herein or that relate to the consummation of the transactions contemplated by this Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>provided</I>, <I>however</I>, that the delivery
of any notice pursuant to this Section 7.07 shall not limit or otherwise affect the remedies available hereunder to the Party receiving
that notice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7.08.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Trademarks;
Trade Names</I>. As soon as practicably after the Second Closing, Buyer and Beijing Origin shall negotiate in good faith and enter
into separate license agreements regarding the use of the trademarks and trade names owned by Beijing Origin.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
8</FONT><BR>
Tax Matters</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 8.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Transfer Taxes</I>. The Origin Entities agree to pay 100% of any transfer, documentary, sales, use, stamp, recording, value
added, registration and other similar taxes and all conveyance fees, recording fees and other similar charges incurred in connection
with the sale of the Shares to Buyer.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
9</FONT><BR>
Conditions to Closings</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Conditions
to Obligations of Buyer and Seller</I>. The obligations of the Parties to consummate the First Closing or the Second Closing are
subject to the satisfaction of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law or award, writ, injunction, determination,
rule, regulation, judgment, decree or executive order (each, an &ldquo;<B>Order</B>&rdquo;) which is then in effect or is pending,
proposed or threatened and has or would have the effect of making the transactions contemplated by this Agreement or any other
Transaction Document illegal or otherwise prohibiting the consummation of such transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement and the transactions contemplated hereby shall have been duly approved by the shareholders of Origin Agritech at the
Origin Agritech Shareholder Meeting (the &ldquo;<B>Shareholder Approval</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 9.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>First
Closing Conditions to Obligations of Buyer</I>. The obligation of Buyer to consummate the First Closing is subject to the satisfaction
of the following further conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
Each Origin Entity shall have performed in all material respects all of its obligations hereunder required to be performed by it
on or prior to the First Closing Date, and (ii) the representations and warranties of each Origin Entity contained in this Agreement
and in any certificate or other writing delivered by such Origin Entity pursuant hereto (A) that are qualified by materiality or
Material Adverse Effect shall be true at and as of the First Closing Date as if made at and as of such date (except to the extent
expressly made as of a specific date, in which case as of such specific date), and (B) that are not qualified by materiality or
Material Adverse Effect shall be true in all material respects at and as of the First Closing Date as if made at and as of such
date (except to the extent expressly made as of a specific date, in which case as of such specific date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
0.17% equity interest of Changchun Origin that are not owned by Beijing Origin as of the date hereof shall have been acquired by
Beijing Origin.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Linze Branch Assets shall have been transferred to Linze Origin.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the VIE Subsidiary Purchase Agreements shall have been duly and validly executed and delivered by the parties (other than Buyer)
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the conditions to the obligation of Buyer to consummate the closing as set forth in the VIE Subsidiary Purchase Agreements shall
have been satisfied or duly waived, in each case, pursuant to the terms and conditions of applicable Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
closing of the transactions contemplated by the VIE Subsidiary Purchase Agreements shall have been consummated simultaneously at
the First Closing pursuant to the terms and conditions thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer
shall have received all documents it may reasonably request relating to the existence of Beijing Origin and the VIE Subsidiaries
and the authority of Beijing Origin for this Agreement, all in form and substance reasonably satisfactory to Buyer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Notwithstanding anything to the contrary in
the VIE Subsidiary Purchase Agreements, no Party has any obligation to consummate the transactions contemplated thereunder unless
all conditions specified in this Section 9.02 have been satisfied.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 9.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>First
Closing Conditions to Obligations of Origin Entities</I>. The obligation of Origin Entities to consummate the First Closing is
subject to the satisfaction of the following further conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
Buyer shall have performed in all material respects all of its obligations hereunder required to be performed by it at or prior
to the First Closing Date, and (ii) the representations and warranties of Buyer contained in this Agreement and in any certificate
or other writing delivered by Buyer pursuant hereto shall be true in all material respects at and as of the First Closing Date,
as if made at and as of such date (except to the extent expressly made as of a specific date, in which case as of such specific
date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the VIE Subsidiary Purchase Agreements shall have been duly and validly executed and delivered by the parties (other than Origin
Entities) thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beijing
Origin shall have received a waiver from each of Leshan Agricultural Science Institute and Sichuan Neijiang Agricultural Science
Institute (who hold 0.63% and 0.79% of the equity interest in Denong, respectively), waiving their right of first refusal to purchase
the Denong Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the conditions to the obligation of Beijing Origin to consummate the closing as set forth in the VIE Subsidiary Purchase Agreements
shall have been satisfied or duly waived, in each case, pursuant to the terms and conditions of applicable Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beijing
Origin shall have received all documents it may reasonably request relating to the existence of Buyer and the authority of Buyer
for this Agreement, all in form and substance reasonably satisfactory to Beijing Origin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 9.04.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Second
Closing Conditions to Obligations of Buyer</I>. The obligation of Buyer to consummate the Second Closing is subject to the satisfaction
of the following further conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
Each Origin Entity shall have performed in all material respects all of its obligations hereunder required to be performed by it
on or prior to the Second Closing Date, and (ii) the representations and warranties of each Origin Entity contained in this Agreement
and in any certificate or other writing delivered by such Origin Entity pursuant hereto (A) that are qualified by materiality or
Material Adverse Effect shall be true at and as of the Second Closing Date as if made at and as of such date (except to the extent
expressly made as of a specific date, in which case as of such specific date), and (B) that are not qualified by materiality or
Material Adverse Effect shall be true in all material respects at and as of the Second Closing Date as if made at and as of such
date (except to the extent expressly made as of a specific date, in which case as of such specific date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
First Closing shall have been consummated pursuant to the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer
shall have received evidence reasonably satisfactory to it that the Restructuring shall have been consummated in accordance with
the terms and conditions set forth in <U>Schedule I</U>, including without limitation, the documents set forth in <U>Schedule I</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Zhengzhou Origin Purchase Agreements shall have been duly and validly executed and delivered by the parties (other than Buyer)
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the conditions to the obligation of Buyer to consummate the closing as set forth in the Zhengzhou Origin Purchase Agreement
shall have been satisfied or duly waived pursuant to the terms and conditions of the Zhengzhou Origin Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 9.05.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Second
Closing Conditions to Obligations of Origin Entities</I>. The obligation of Origin Entities to consummate the Second Closing is
subject to the satisfaction of the following further conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
Buyer shall have performed in all material respects all of its obligations hereunder required to be performed by it at or prior
to the Second Closing Date, (ii) the representations and warranties of Buyer contained in this Agreement and in any certificate
or other writing delivered by such Buyer pursuant hereto shall be true in all material respects at and as of the Second Closing
Date as if made at and as of such date (except to the extent expressly made as of a specific date, in which case as of such specific
date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Zhengzhou Origin Purchase Agreements shall have been duly and validly executed and delivered by the parties (other than Origin
Entities) thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the conditions to the obligation of Beijing Origin to consummate the Zhengzhou Origin Purchase Closing as set forth in the Zhengzhou
Origin Purchase Agreement shall have been satisfied or duly waived pursuant to the terms and conditions of the Zhengzhou Origin
Purchase Agreement.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
10</FONT><BR>
Termination</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 10.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grounds
for Termination</I>. This Agreement may be terminated at any time prior to the First Closing:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
mutual written agreement of Beijing Origin and Buyer; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
either Beijing Origin or Buyer, if</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
First Closing shall not have been consummated on or before the date falling nine months from the date of this Agreement (the &ldquo;<B>Long-Stop
Date</B>&rdquo;);<I> provided</I> that the right to terminate this Agreement pursuant to this Section 10.01(b)(i) shall not be
available to any Party whose failure to fulfill any of its obligations under this Agreement has been the primary cause of, or resulted
primarily in, the failure of the applicable condition(s) being satisfied;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law or any final, non-appealable Order
which is making the transactions contemplated by this Agreement or any other Transaction Documents illegal or otherwise prohibiting
the consummation of such transactions;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Origin
Agritech fails to obtain the Shareholder Approval at the Origin Agritech Shareholder Meeting; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
Beijing Origin, if</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
board of directors of Origin Agritech authorizes Origin Agritech, subject to complying with the terms of this Agreement, to enter
into a written agreement concerning a Superior Proposal; <I>provided</I> that concurrently with such termination, Origin Agritech
pays the Origin Termination Fee payable pursuant to Section 10.03(b);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
breach of any representation or warranty or failure to perform any covenant or agreement on the part of Buyer set forth in this
Agreement shall have occurred that would cause the condition set forth in Sections 9.03 or 9.05 not to be satisfied, and such condition
is incapable of being satisfied by the Long-Stop Date or, if curable, is not cured by Buyer within 30 days of receipt by Buyer
of written notice of such breach or failure; <I>provided</I> that, at the time of the delivery of such notice, the Origin Entities
shall not be in material breach of its or their obligations under this Agreement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
Buyer if</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
Adverse Recommendation Change shall have occurred; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
breach of any representation or warranty or failure to perform any covenant or agreement on the part of the Origin Entities set
forth in this Agreement shall have occurred that would cause the condition set forth in Sections 9.02 or 9.04 not to be satisfied,
and such condition is incapable of being satisfied by the Long-Stop Date or, if curable, is not cured by the Origin Entities within
30 days of receipt by the Origin Entities of written notice of such breach or failure; provided that, at the time of the delivery
of such notice, Buyer shall not be in material breach of its or their obligations under this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The Party desiring to terminate this Agreement
pursuant to Section 10.01(b), Section 10.01(c) or Section 10.01(d) shall give notice of such termination to the other Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 10.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>
Effect of Termination</I>. If this Agreement is terminated in accordance with Sections 10.01(a) or (b), such termination shall
be without liability of either Party (or any shareholder, director, officer, employee, agent, consultant or representative of such
Party) to any other Party to this Agreement, and Beijing Origin shall refund the Deposit to Buyer promptly after such termination;
<I>provided</I> that if such termination shall result from the (i) willful failure of any Party to fulfill a condition to the performance
of the obligations of the other Parties, (ii) failure of any Party to perform a covenant of this Agreement or (iii) breach by any
Party of any representation or warranty or agreement contained herein, such Party shall be fully liable for any and all damages
incurred or suffered by other Parties as a result of such failure or breach. The provisions of this Article 10, Sections 6.02,
11.03, 11.05 and 11.06 shall survive any termination hereof pursuant to Section 10.01.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 10.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>
Termination Fee</I>. (a) If this Agreement is terminated by Beijing Origin pursuant to Section 10.01(c)(ii), Buyer shall pay to
Beijing Origin the Buyer Termination Fee by forfeiting the Deposit and delivering to Beijing Origin in immediately available funds
an amount equal to RMB5 million within three Business Days after such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
this Agreement is terminated (i) by Buyer pursuant to Section 10.01(d), (ii) by Beijing Origin pursuant to Section 10.01(c)(i),
or (iii) (A) by Buyer or Beijing Origin pursuant to Section 10.01(b)(i) or Section 10.01(b)(iii), (B) after the date of this Agreement
and prior to such termination, a Competing Proposal shall have been publicly announced or otherwise been communicated to the board
of directors of Origin Agritech or its shareholders and (C) within 12 months following the date of such termination, a Competing
Proposal shall have been consummated (provided that for purposes of this clause (C), each reference to &ldquo;25%&rdquo; in the
definition of Competing Proposal shall be deemed to be a reference to &ldquo;50%&rdquo;), then Beijing Origin shall refund the
Deposit to Buyer and pay to Buyer in immediately available funds the Origin Termination Fee, (x) in the case of clause (i) above,
within three Business Days after such termination, (y) in the case of clause (ii) above, simultaneously with or prior to such termination,
and (z) in the case of clause (iii) above, on the same day as the occurrence of the applicable event described in clause (iii)(C)
above.</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
11</FONT><BR>
Miscellaneous</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Notices</I>. All notices, requests and other communications to any Party hereunder shall be in writing (including facsimile
transmission and electronic mail transmission) and shall be given,</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Beijing Shihui Agricultural Development Co., Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">No.21, Zhongguancun Life Science Park Road,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Changping District,
Beijing, PRC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Attention: Mr. Han Gengrui</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Facsimile No.: (86) 10-58907596</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">E-mail: hangengrui@agehui.com</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Guantao Law Firm</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">18/F, Tower B, Xinsheng Plaza,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">5 Finance Street, Xicheng District, Beijing, PRC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Attention:
Vivian Zhang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Facsimile No.: (86) 10-66578016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">E-mail: vzhang@guantao.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">if to any Origin Entity or VIE Subsidiary, to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Origin Agritech Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">No. 21 Sheng Ming Yuan Road,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Changping District, Beijing 102206, China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Attention: Dr.
Han Gengchen</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Facsimile No.: (86) 10-58907588</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">E-mail: ghan@originseed.com.cn</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Davis Polk &amp; Wardwell LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">2201 China World Office 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">1 Jian Guo Men Wai Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Chao Yang District, Beijing, PRC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Attention: Howard Zhang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Facsimile No.: (86) 10-85675102</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">E-mail: howard.zhang@davispolk.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">or such other address or facsimile number as such
Party may hereafter specify for the purpose by notice to the other Parties hereto. All such notices, requests and other communications
shall be deemed received on the date of receipt by the recipient thereof if received prior to 5 p.m. in the place of receipt and
such day is a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed not to
have been received until the next succeeding Business Day in the place of receipt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Amendments and Waivers</I>. (a) Any provision of this Agreement may be amended or waived if, but only if, such amendment or
waiver is in writing and is signed, in the case of an amendment, by each Party to this Agreement, or in the case of a waiver, by
the Party against whom the waiver is to be effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.65in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
failure or delay by any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall
any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power
or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided
by law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Expenses</I>. Except as otherwise provided herein, all costs and expenses incurred in connection with this Agreement shall be
paid by the Party incurring such cost or expense.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.04.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Successors and Assigns</I>. The provisions of this Agreement shall be binding upon and inure to the benefit of the Parties hereto
and their respective successors and assigns; <I>provided</I> that no Party may assign, delegate or otherwise transfer any of its
rights or obligations under this Agreement without the consent of each other Party hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.05.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Governing Law</I>. This Agreement shall be governed by and construed in accordance with the Law of the State of New York, without
regard to any conflicts of law rules.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.06.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Dispute Resolution</I>. Subject to the last sentence of this Section 11.06, any disputes, actions and proceedings against any
Party or arising out of or in any way relating to this Agreement shall be submitted to the Hong Kong International Arbitration
Centre (<FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><B>HKIAC</B>&rdquo;) and resolved in accordance
with the Arbitration Rules of HKIAC in force at the relevant time and as may be amended by this Section 11.06. The seat and place
of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall
consist of three arbitrators (each, an &ldquo;<B>Arbitrator</B>&rdquo;). The claimant(s), irrespective of number, shall nominate
jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator
will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the
claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator
or the third Arbitrator within the time limits specified by the Arbitration Rules of HKIAC, such Arbitrator shall be appointed
promptly by the HKIAC. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any Party to
an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of
such award, the Parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive
any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.07.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Counterparts; Effectiveness; Third Party Beneficiaries</I>. This Agreement may be signed in any number of counterparts, each
of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This
Agreement shall become effective when each Party hereto shall have received a counterpart hereof signed by the other Party hereto.
Until and unless each Party has received a counterpart hereof signed by the other Party hereto, this Agreement shall have no effect
and no Party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication).
No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations, or liabilities hereunder upon
any Person other than the Parties hereto and their respective successors and assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.08.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Entire Agreement</I>. This Agreement and the other Transaction Documents constitute the entire agreement between the Parties
with respect to the subject matter of this Agreement and supersedes all prior agreements and understandings, both oral and written,
between the Parties with respect to the subject matter of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.09.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Severability. </I>If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
or other Governmental Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions
of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party.
Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent
of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated
as originally contemplated to the fullest extent possible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 11.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Specific
Performance. </I>The Parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed
in accordance with the terms hereof and that the Parties shall be entitled to an injunction or injunctions to prevent breaches
of this Agreement or to enforce specifically the performance of the terms and provisions hereof, in addition to any other remedy
to which they are entitled at law or in equity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">[<I>Signature page follows</I>]</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">IN WITNESS WHEREOF, the Parties hereto have
caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</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>&nbsp;</TD>
    <TD COLSPAN="3"><B>Beijing Shihui Agricultural Development<BR>
Co., Limited</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/S/ Han Gengrui</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">Name:</TD>
    <TD STYLE="width: 42%; padding-right: 5.75pt; padding-left: 5.75pt">Han Gengrui</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>Title:</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">CEO</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">IN WITNESS WHEREOF, the Parties hereto have
caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</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><B></B></TD>
    <TD COLSPAN="2"><B>Origin Agritech Limited</B></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/S/ David W. Bullock</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name:David W. Bullock</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Director</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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

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