Item 1.01 Entry into a Material Definitive Agreement.

On December 30, 2020, S&W Seed Company (the "Company") entered into a Second Amendment to Loan and Security Agreement (the "Second Amendment"), by and among the Company, Seed Holding, LLC ("Seed Holding"), Stevia California, LLC (collectively with Company and Seed Holding, the "Borrowers") and CIBC Bank USA ("CIBC"), amending the Loan and Security Agreement, dated December 26, 2019, as amended, by and among the Borrowers and CIBC (the "Agreement"). The Second Amendment reduced the minimum year-to-date EBITDA required to be achieved as of the end of the fiscal quarter ended December 31, 2020, and modified the manner in which EBITDA is calculated for purposes of determining compliance with the financial covenant.

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