S&W Seed Company (SANW)

[roger wilco]

The CEO's pay seems excessive considering the company currently is not profitable and sales are down.

This pay package is equivalent to roughly $20,000 a month.

From the 8K:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7785322

Item 1.01. Entry into a Material Definitive Agreement.

On March 8, 2011, S&W Seed Company (the "Company") entered into a two-year Employment Agreement with its President and Chief Executive Officer, Mark S. Grewal (the "Employment Agreement"), a copy of which is filed as Exhibit 10.1 to this report. A summary of the terms of the Employment Agreement are set forth under Item 5.02 below and are incorporated herein by this reference.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As set forth above under Item 1.01, the Company and its President and Chief Executive Officer, Mark S. Grewal, entered into a two-year Employment Agreement on March 8, 2011. The term and provisions of the Employment Agreement were made retroactive to January 1, 2011.

Under the terms of the Employment Agreement, the Company has agreed to pay Mr. Grewal an annual salary of $225,000 (the "Base Salary") and $1,000 per month to cover an automobile allowance, plus reimbursement for gasoline and oil. Mr. Grewal will also be entitled to receive periodic bonuses from time to time in the discretion of the Compensation Committee of the Board of Directors (the "Committee"), and he will entitled to participate in the Company's equity incentive plans that are in effect from time to time.