As of September 30, 2015, the short-term loan payables consisted of ten loans which mature on dates ranging from October 28, 2015 through August 2, 2016 with interest rates ranging from 5.20% to 7.80%. The loans No. 4 and 8 below are collateralized by Tianjuyan’s land use right and building ownership right. The loan No.6 is collateralized by deposit. The loan No.5 is collateralized by Jinong’s land use right and Jinong’s credit. The loans No. 7 and 9 are guaranteed by Jinong’s credit. The loans No. 1, 2 and 3 are guaranteed by a bonding company in Zhongguancun Beijing, and counter guaranteed by Jinong’s credit.

				Interest
No.		Payee	Loan period per agreement	Rate			September 30, 2015
	1	Beijing International Trust Co., Ltd	Oct 28, 2014- Oct 28, 2015		7.80	%	$	1,257,600
	2	Beijing International Trust Co., Ltd	Dec 16, 2014 - Dec 13, 2015		7.28	%		314,400
	3	Beijing International Trust Co., Ltd	Dec 16, 2015- Dec 16, 2015		7.28	%		1,257,600
	4	Agriculture Bank of China-Pinggu Branch	Jan 21, 2015-Jan 20, 2016		6.16	%		1,257,600
	5	Bank of Tianjin- Beijing Branch	Feb 3, 2015- Jan 27, 2016		6.16	%		6,288,000
	6	Bank of Tianjin- Beijing Branch	Feb11 2015- Feb 10, 2016		5.60	%		4,433,040
	7	China Merchants Bank- Cahoyangmen Branch	Mar 16,2015- Mar 15, 2016		6.96	%		786,000
	8	Agriculture Bank of China-Pinggu Branch	May 12, 2015- April 29, 2016		5.89	%		2,043,600
	9	Bank of Beijing- Pinggu Branch	Aug 11, 2015- Aug 2, 2016		5.82	%		1,572,000
	10	China Merchants Bank- Cahoyangmen Branch	Sep 9, 2015- Mar 8, 2016		5.20	%		1,572,000

		Total					$	20,781,840

As of June 30, 2015, the short-term loan payables consisted of ten loans which mature on dates ranging from August 5, 2015 through April 29, 2016 with interest rates ranging from 5.60% to 7.80%. The loans No 6 and 10 were collateralized by Tianjuyuan’s land use right and building ownership right. The loan No.8 was collateralized by Gufeng’s deposit. The loan No.7 was collateralized by Jinong’s land use right and Jinong’s credit. The loans No. 2 and 9 were guaranteed by Jinong’s credit. The loans No.3, 4 and 5 were guaranteed by a bonding company in Zhongguancun Beijing, and counter guaranteed by Jinong’s credit. The loan No.1 was guaranteed by Jinong and Tianjuyuan’s deposit.

				Interest
No.		Payee	Loan period per agreement	Rate			June 30, 2015
	1	Beijing Bank – Pinggu Branch	Aug 6, 2014 – Aug 5, 2015		6.72	%	$	1,637,000
	2	China Merchants Bank – Chaoyang Branch	Aug 27, 2014 – Aug 26, 2015		7.80	%		1,637,000
	3	Beijing International Trust Co., Ltd	Sep 24, 2014 – Sep 23, 2015		7.80	%		1,637,000
	4	Beijing International Trust Co., Ltd	Oct 28, 2014 – Oct 27, 2015		7.80	%		1,637,000
	5	Beijing International Trust Co., Ltd	Dec 26, 2014 – Dec 15, 2015		7.28	%		1,637,000
	6	Agriculture Bank of China-Pinggu Branch	Jan 21, 2015 – Jan 20, 2016		6.16	%		1,309,600
	7	Tianjin Bank – Beijing Branch	Feb 3, 2015 – Jan 27, 2016		6.16	%		6,548,000
	8	Tianjin Bank – Beijing Branch	Feb 11, 2015 – Feb 10, 2016		5.60	%		4,616,340
	9	China Merchants Bank – Chaoyang Branch	Mar 16, 2015 – Mar 15, 2016		6.96	%		818,500
	10	Agriculture Bank of China-Pinggu Branch	May 12, 2015 – Apr 29, 2016		5.89	%		2,128,100
		Total					$	23,605,540