**Exhibit 10.12**

*****Text Omitted and Filed Separately with the Securities and Exchange Commission.**

**Confidential Treatment Requested Under**

**17 C.F.R. Sections 200.80(b)(4) and 240.24b-2**

**EXECUTION COPY**

**BP NON-COMPETITION AGREEMENT**

by and between 

BP BIOFUELS NORTH AMERICA LLC 

and 

VERENIUMCORPORATION 

 

BP NON-COMPETITIONAGREEMENT 

THIS BP NON-COMPETITION AGREEMENT (the “Agreement”) is made as ofSeptember 2, 2010 (the “Effective Date”), by and between BP Biofuels North America LLC, a Delaware limited liability company (“BP”) and Verenium Corporation, a Delaware corporation(“Verenium”). 

RECITALS 

Verenium and BP have entered into that certain Asset Purchase Agreement dated as of July 14, 2010 (the“Asset Purchase Agreement”), pursuant to which, among other things, Verenium will sell to BP, and BP will purchase from Verenium, all of the assets, rights and properties of Verenium and its Non-Biofuels Subsidiaries (as defined inthe Asset Purchase Agreement) used in or related to Verenium’s lignocellulosic biofuels business and all of the capital stock of the Biofuels Subsidiaries (as defined in the Asset Purchase Agreement), but excluding the Excluded Assets (asdefined in the Asset Purchase Agreement) used exclusively in the Enzyme Business (as hereinafter defined); and 

In the interest of protecting the Excluded Assets, the Enzyme Business and the goodwill associated therewith, Vereniumhas required as a material inducement to Verenium entering into the Asset Purchase Agreement and as a condition precedent to its consummation of the transactions thereunder, that BP enter into and deliver this Agreement. 

NOW, THEREFORE, for and in consideration of the premises and mutual covenants contained in this Agreement, to induce theParties to enter into the Asset Purchase Agreement and consummate the transactions contemplated thereby, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, Verenium and BPagree as follows: 

**1. Definitions.**

For the purposes of this Agreement, the following terms have the following meanings: 

1.1 “Affiliate” means any Person that directly, or indirectly through one or more intermediaries, (a) controls, (b) is controlled by, or (c) is under common control with, anyother Person referred to in this Agreement. As used in this Section 1.1, “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of another Person, whetherthrough the ownership of voting securities, by contract, or otherwise. One Person is presumed to control another Person if the first Person possesses, directly or indirectly, fifty percent (50%) or more of the voting rights in the second Personentitled to vote at a meeting of shareholders, members, partners or other equity or ownership interest holders. 

1.2 “Biofuels Affiliates” means, upon the consummation of the transaction contemplated by the Asset PurchaseAgreement, the Biofuels Subsidiaries (as defined in the Asset Purchase Agreement), their successors and assigns, and any Affiliate of BP which carries on or conducts any of the LC Business. 

 

1.3“Biomass” means material that originates from any monocotyledonous or dicotyledonous plant, or an angiosperm, a gymnosperm or a pteridophyte, which material can be or is intended to be used as a feedstock in the production of biofuels,including agricultural, food and non-food crops and their residues and wastes (e.g., normally non-food material from crops such as stalks, leaves, husks, seed fiber, hulls), forestry residues and wastes (e.g., wood chips, sawdust, cardboard,pressboard, dead trees, tree branches), municipal solid waste (e.g., household garbage and paper products), food processing and other industrial wastes, energy crops (e.g., fast growing trees and grasses grown for this purpose), including cornstover, switchgrass, and sugar cane bagasse, as well as trees. Biomass is often significantly composed of cellulose, hemicelluloses and lignin structures and may also include oil crops and starch components of crops. 

1.4 “BP” means BP Biofuels North America LLC, a Delaware limited liability company, or any successor or assignpursuant to Section 11.5. 

1.5 BP License Agreement” means the BP License Agreement between BP andVerenium, dated the Effective Date, as may be amended in accordance with its terms. 

1.6 “ConfidentialInformation” means any and all information, data and technology disclosed and/or provided by any of Verenium or BP or any of their respective Affiliates, as applicable, and disclosures contemplated hereby, including, without limitation, any andall methods and/or materials, technical information, technologies, systems, processes, procedures, know-how, data, trade secrets (as such are determined under applicable law), samples, inventions (whether patentable or unpatentable), improvements,methods, materials and compositions, devices, molecules, genetically engineered organisms, formulae, illustrations, patent applications, products, works of authorship, compilations, programs, schematics, designs, drawings, technical plans,prototypes, production and manufacturing processes and techniques, research, development activities and plans, specifications, computer programs, object and source code, databases, passwords, log on identifiers, algorithms, derivative works,reports, mask works, business and financial data, business plans, skills and compensation of employees and consultants, pricing, financial and operational information, information regarding litigation or other regulatory actions or complaints,marketing plans, customer and supplier information (including, without limitation, actual or potential customers or suppliers, customer or supplier lists, and customer or supplier requirements), regardless of the form in which such informationappears, or by which it is communicated whether in tangible or intangible form, whether or not marked as confidential or otherwise identified as confidential, and whether or not stored, compiled or memorialized physically, electronically,graphically, photographically or in writing, as well as all documents and other information which contain or reflect or are generated from any of the foregoing. 

1.7 “Disclosing Party” means a Party or its Affiliate that furnishes or provides access to ConfidentialInformation of such Party or its Affiliate to another Party or its Affiliate. 

1.8 “Effective Date”means the date as of which this Agreement is made as set forth in the introductory paragraph. 

 
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1.9“Enzyme Business” means the business conducted by Verenium and its Affiliates as of the Effective Date of research, development, manufacture and commercialization of enzyme services and products for sale to Third Parties for use in theirbusinesses, including without limitation, within the biofuels, specialty industrial processes, food processing and food ingredients, baking and flour, detergents, cheese and dairy, oil seed processing, pulp and paper, oil and gas, pharmaceuticals,electronics, diagnostic enzymes, reagents, transgenic enzymes (non-biofuels), human and animal therapeutic proteins, prebiotics, probiotics, waste process, water treatment, carbon sequestration, algae protein expression, non-biofuels fermentation,chemicals, textiles and animal nutrition and health markets. 

1.10 “Enzyme Improvement PlatformTechnology” means Gene Site Saturation MutagenesisTMSM (GSSMTMSM) Technology and the Tunable Gene ReassemblyTMSM (TGRTMSM) Technology, Tailored Multi-Site Combinatorial Assembly (TMSCA) and procedures, know-how, equipment andcomputer software related thereto and developed by Verenium, and the patents and patent applications covering any of the foregoing as listed and described on Schedule 1.10. 

1.11 “LC Business” means the research, development, manufacture and commercialization (including withoutlimitation to make or have made, use or have used, practice or have practiced, improve or have improved, import or have imported, export or have exported, market or have marketed, distribute or have distributed, license, sell, offer for sale or havesold) of lignocellulosic ethanol and other lignocellulosic biofuels and lignocellulosic bioproducts, lignocellulosic butanol and lignocellulosic diesel biofuels, including without limitation conversion of cell wall sugars and/or cell wall sugarcompounds into biofuels or bioproducts, (which for the avoidance of doubt excludes starch to biofuels or bioproducts), carried on or conducted by BP and/or any of its Affiliates. 

1.12 “Party” means either Verenium or BP and they may be referred to collectively as “Parties.” Areference to a “Party” includes that Party’s successors in title and assigns or transferees permitted in accordance with the terms of this Agreement. 

1.13 “Person” means any individual, corporation, association, partnership (general or limited), joint venture,trust, estate, limited liability company, limited liability partnership, unincorporated organization, government (or any agency or political subdivision thereof) or other legal entity or organization. 

1.14 “Receiving Party” means any Party or its Affiliate that receives or has access to Confidential Informationof the other Party or its Affiliate. 

1.15 “Territory” is defined in Section 3. 

1.16 “Third Party” means a Person other than the Parties to this Agreement and their respective Affiliates.

1.17 “Verenium” means Verenium Corporation, a Delaware corporation, or any successor or assignpursuant to Section 11.5. 

 
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1.18“Verenium License Agreement” means the Verenium License Agreement between BP and Verenium, dated as of the Effective Date, as may be amended in accordance with its terms. 

1.19 “Verenium Non-Competition Agreement” means the Verenium Non-Competition between BP and Verenium, dated asof the Effective Date, as may be amended in accordance with its terms. 

**2. Non-Disclosure Restrictive Covenant.**

2.1 To protect Verenium’s interest in its Confidential Information that Verenium is retaining, and toprotect the goodwill and value of the Excluded Assets and the Enzyme Business, during the term of Verenium License Agreement and for 10 years thereafter, each Party in its capacity as a Receiving Party (on behalf of itself and its Affiliates) shallhold all Confidential Information of the Disclosing Party in confidence and shall not disclose, use, copy, publish, distribute, display, disseminate, provide access to or in any way disburse any Confidential Information, except: (a) asreasonably necessary to carry out its responsibilities under this Agreement; (b) as otherwise allowed under this Agreement; or (c) with written consent of the Disclosing Party. The Receiving Party will use at least the same standard ofcare as it uses to protect proprietary or confidential information of its own (but no less than reasonable care) to ensure that its and its Affiliates’ employees, agents, consultants and other representatives do not disclose or make anyunauthorized use of the Confidential Information of the Disclosing Party. 

2.2 **Exceptions**. Theobligations set forth in Section 2.1 shall not apply to any portion of Confidential Information which the Receiving Party can prove by competent evidence: 

2.2.1. is now, or hereafter becomes, through no act or failure to act on the part of the Receiving Partyor its Affiliates in breach of this Agreement, generally known or available; 

2.2.2. is knownby the Receiving Party or its Affiliates at the time of receiving such information as evidenced by documentation pre-dating disclosure to the Receiving Party or its Affiliates by the Disclosing Party; 

2.2.3. is furnished to the Receiving Party by a Third Party that is free to disclose to others withoutbreach of any obligation of confidentiality or non-disclosure; or 

2.2.4. was independentlydeveloped by the Receiving Party or its Affiliates without reference to information provided by the Disclosing Party, as evidenced by clear documentation. 

 
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2.3**Permitted Disclosures**. The Receiving Party and its Affiliates are expressly authorized to disclose Confidential Information of the Disclosing Party as expressly permitted by this Agreement or if and to the extent such disclosure isreasonably necessary in the following instances: 

2.3.1. exercising the rights and performingthe obligations of the Receiving Party under this Agreement; 

2.3.2. prosecuting or defendinglitigation as permitted by this Agreement; 

2.3.3. complying with applicable laws andregulations; 

2.3.4. disclosure to FDA, DOE, USDA or EPA or any comparable or successorgovernment agencies worldwide; 

2.3.5. disclosure to employees, agents, consultants andindependent contractors of the Receiving Party and its Affiliates only on a need-to-know basis and solely as necessary in connection with the performance of this Agreement, provided that each disclosee must be bound by similar obligations ofconfidentiality and non-use at least as equivalent in scope as those set forth in this Section 2 prior to any such disclosure; or 

2.3.6. disclosure to any bona fide potential investor, investment banker, acquirer, merger partner, or other potential financial partner; provided that in connection with such disclosure, the DisclosingParty shall inform each disclosee of the confidential nature of such Confidential Information and use reasonable efforts to cause each disclosee to treat such Confidential Information as confidential. 

In the event the Receiving Party or any of its Affiliates is required to make a disclosure of the Disclosing Party’sConfidential Information pursuant to Section 2.3.2 or 2.3.3, it will, except where impracticable, provide the Disclosing Party at least sufficient prior written notice of any such disclosure so that the Disclosing Party may seek a protectiveorder or other appropriate remedy. Notwithstanding the foregoing, the Receiving Party and its Affiliates shall take all reasonable action to preserve the confidentiality of the Confidential Information of the Disclosing Party, including, withoutlimitation, by cooperating with the Disclosing Party to obtain a protective order or other appropriate remedy. 

2.4 **Notice of Non-Permitted Disclosure**. If the Receiving Party becomes aware of any unauthorized use ordisclosure of the Confidential Information of the Disclosing Party, the Receiving Party shall promptly notify the Disclosing Party in writing. 

**3. Non-Competition Restrictive Covenant.**

To protect Verenium’sinterest in the Confidential Information that Verenium is retaining and to protect the goodwill and value of the Excluded Assets and the Enzyme Business, BP and its Biofuels Affiliates shall not anywhere in the world (the“Territory”), engage, directly or indirectly, individually or in association or in combination with any other Person, as proprietor or owner, officer, director or shareholder (other than as a passive investor in and holder of lessthan five percent (5%) of the equity of any publicly traded corporation), member or manager of any limited liability company, or as an employee, agent, independent contractor, consultant, advisor, joint venturer, trustee, licensee, sublicensee,licensor, sublicensor, principal, partner or otherwise, whether or not for monetary benefit: 

 
 
(a)

provide enzyme products or enzyme services acquired by BP as part of the Purchased Assets or as assets of the Biofuels Subsidiaries pursuant to theAsset Purchase Agreement to the specific specialty industrial processes markets set forth and described in Schedule 3(a) to this Agreement for a period of five (5) years from the Effective Date, which specific specialty industrialprocesses markets shall not include any biofuels or bioproducts markets in whole or in part, and for avoidance of doubt BP shall not sell enzyme products directly for use in conventional starch to ethanol processes; 

 
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(b)

in the use, licensing, sublicensing or sale of the enzymes or the Enzyme Improvement Platform Technology which were acquired or licensed by BP aspart of the Purchased Assets (as defined in the Asset Purchase Agreement) or as assets of the Biofuels Subsidiaries (as defined in the Asset Purchase Agreement) pursuant to the Asset Purchase Agreement for application outside of the LC Business fortwo (2) years from the Effective Date; provided, however, this Section 3(b) shall not operate or be construed to restrict, prohibit or limit BP and its Affiliates from internal research and development; and/or

 
 
(c)

in the licensing, sublicensing or sale of the Enzyme Improvement Platform Technology which was acquired by BP as part of the Purchased Assets or asassets of the Biofuels Subsidiaries pursuant to the Asset Purchase Agreement to the specific competitors of Verenium set forth and described in Schedule 3(c) to this Agreement for five (5) years from the Effective Date;provided, however, this Section 3(c) shall not operate or be construed to restrict, prohibit or limit BP and its Affiliates from (i) internal research and development, or (ii) collaborating, developing, manufacturing orotherwise working with, or receiving products or services from, any Person listed on Schedule 3(c) for purposes of or use in BP’s biofuels business (which for the avoidance of doubt, does not include a licensing program of theEnzyme Improvement Platform Technology which was acquired by BP as part of the Purchased Assets or as assets of the Biofuels Subsidiaries pursuant to the Asset Purchase Agreement to a third party). 

Notwithstanding the foregoing, the restrictions and limitations set forth in this Section 3 shall not restrict, prohibit or limit,or be construed to restrict, prohibit or limit the LC Business or BP’s Affiliates with respect to: (x) the sale of all or substantially all of (i) the LC Business, (ii) the Purchased Assets and/or the Biofuels Subsidiaries, or(iii) BP’s or any Affiliate’s assets; (y) the sale of equity securities of BP or its parent company by the respective parent company thereof; or (z) the sale or issuance of equity securities by any Affiliate or direct orindirect parent company of BP, all in any way or at any time. 

**4. Employee Solicitation and Hiring Restrictive Covenant.**

To protect Verenium’s interest in the Confidential Information that Verenium is retaining and to protect the goodwilland value of the Excluded Assets and the Enzyme Business, BP and its Biofuels Affiliates shall not for a period of two (2) years from the Effective Date anywhere in the Territory, individually, or in association or in combination with any otherPerson, directly or indirectly, as proprietor or owner, or officer, director or shareholder of any corporation, or as a 

 
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member or manager of any limited liability company, or as an employee, agent, independent contractor, consultant, advisor, joint venturer, trustee, licensee, principal, partner or otherwise,whether or not for monetary benefit: (a) solicit, encourage, induce or entice any employee or independent contractor of Verenium or its Affiliates to terminate or modify such person’s or entity’s employment, engagement or businessrelationship with Verenium or its Affiliates; or (b) hire, whether as an employee or independent contractor, any Person who is, or that at any time in the twelve (12) month period prior to the time of such hire had been, employed orretained by Verenium or its Affiliates; provided, however, that the foregoing provision shall not apply to (i) any employee or independent contractor if Verenium or its Affiliates has terminated such employee or independentcontractor; or (ii) any employee or independent contractor who approaches or contacts BP or any of its Biofuels Affiliates in response to a general solicitation or advertisement regarding employment with BP or any of its Biofuels Affiliates.

**5. Exceptions For Post-Closing Date Acquisitions.**

Notwithstanding anything else contained in this Agreement, the provisions of Section 3 shall not apply to any activities of anyPerson acquired (pursuant to a stock or asset acquisition, merger or other form of transaction) by BP or its Affiliates where 10% or less of the revenues of the acquired Person is from activities that would violate Section 3 of this Agreementif engaged in by BP or its Affiliates during the six-month period preceding the date of such acquisition and as measured during each six-month period thereafter during the term of the restrictive covenant in Section 3 of this Agreement.

**6. Representations and Warranties.**

6.1 Representations and Warranties of Verenium. Verenium represents and warrants to BP as of the Effective Date:(a) Verenium (i) is a corporation duly organized, validly existing and in good standing under the laws of its incorporating jurisdiction, and (ii) has all requisite corporate power and authority to enter into this Agreement; and(b) this Agreement is a valid and binding obligation of Verenium enforceable in accordance with its terms, and does not conflict with any agreement, instrument or understanding, oral or written, to which it is a party or by which it may bebound, nor violate in any material respect any law or regulation of any court, governmental body or administrative or other agency having jurisdiction over it. 

6.2 BP’s Representations and Warranties. BP represents and warrants to Verenium as of the Effective Date: (a) BP (i) is a limited liability company duly organized, validly existingand in good standing under the laws of its jurisdiction of formation, and (ii) has all requisite power and authority to enter into this Agreement; and (b) this Agreement is a valid and binding obligation of BP enforceable in accordancewith its terms, and does not conflict with any agreement, instrument or understanding, oral or written, to which it is a party or by which it may be bound, nor violate in any material respect any law or regulation of any court, governmental body oradministrative or other agency having jurisdiction over it. 

 
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**7. Equitable Reliefand Cumulative Remedies.**

BP acknowledges and agrees that Verenium’s remedies at law for breach of any of theprovisions of this Agreement would be inadequate and, in recognition of this fact, BP agrees that, in the event of such breach, in addition to any remedies at law it may have, Verenium, without posting any bond, shall be entitled to obtain equitablerelief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may be available. BP further acknowledges that should BP or its Biofuels Affiliates violate any of theprovisions of this Agreement, it will be difficult to determine the amount of damages resulting to Verenium and that in addition to any other remedies it may have, Verenium shall be entitled to temporary and permanent injunctive relief without thenecessity of proving damages. The remedies of the Parties are cumulative and not exclusive, and except as otherwise expressly provided in this Agreement to the contrary, each Party shall have all rights and remedies available under this Agreement,at law or in equity. 

**8. Acknowledgement.**

Each of Verenium and BP acknowledge and agree that the covenants and agreements contained in this Agreement have been negotiated in good faith by the Parties, are reasonable and are not more restrictiveor broader than necessary to protect the interests of the Parties thereto, and would not achieve their intended purpose if they were on different terms or for periods of time shorter than the periods of time provided herein or applied in morerestrictive geographical areas than are provided herein. Each Party further acknowledges that the other Party would not enter into the Asset Purchase Agreement and the transactions contemplated thereby in the absence of the covenants and agreementscontained in this Agreement. 

**9. Separate Covenants.**

The covenants contained in this Agreement shall be construed as a series of separate covenants, one for each of the counties in each ofthe states of the United States of America, and one for each geographic subdivision of each country and each province or state within each such country. 

**10. Severability.**

The Parties agree that construction of this Agreementshall be in favor of its reasonable nature, legality and enforceability, and that any construction causing unenforceability shall yield to a construction permitting enforceability. It is agreed that the restrictive covenants and provisions of thisAgreement are severable, and that if any single covenant or provision or multiple covenants or provisions should be found unenforceable, the entire Agreement and remaining covenants and provisions shall not fail but shall be construed as enforceablewithout any severed covenant or provision in accordance with the tenor of this Agreement. The Parties specifically agree that no covenant or provision of this Agreement shall be invalidated because of overbreadth insofar as the Parties acknowledgethe scope of the covenants and provisions contained herein to be reasonable and necessary for the protection of each of Verenium and BP. However, should a court or any other trier of fact or law determine not to enforce any covenant or provision ofthis Agreement as written due to overbreadth or otherwise, then the Parties agree that said covenant or provision shall be enforced to the extent reasonable, with the court or such trier to make any necessary revisions to said covenant or provisionto permit its enforceability and that any such limitation on the enforceability of any such covenant or provision shall not effect the enforceability of any other covenant or provision of this Agreement. 

 
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**11. GeneralProvisions.**

11.1 Governing Law. This Agreement will be governed and construed in accordance withthe laws of the State of New York, United States of America, to the exclusion of both its principles and rules on conflicts of laws and the provisions of the United Nations Convention on Contracts for the International Sale of Goods. 

11.2 Submission to Jurisdiction. Each Party hereby: (a) agrees to the personal jurisdiction of any federal orstate court located in New York, New York with respect to any claim or cause of action arising under or relating to this Agreement; (b) waives any objection based on *forum non conveniens* and waives any objection to venue of any suchsuit, action or proceeding; (c) waives personal service of any and process upon it; and (d) consents that any services of process be made by registered or certified mail (postage prepaid, return receipt requested) directed to it at itsaddress stated in Section 11.9 and service so made will be complete when received. Nothing in this Section 11.2 will affect the rights of the Parties to serve legal process in any other manner permitted by law. 

11.3 Waiver of Trial by Jury. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHTIT MAY HAVE TO TRIAL BY JURY IN CONNECTION WITH ANY LITIGATION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE OTHER RESTRICTIVE COVENANTS CONTEMPLATED HEREBY. 

11.4 Independent Contractors. The Parties shall perform their obligations under this Agreement as independentcontractors, and nothing in this Agreement is intended or will be deemed to constitute a partnership, agency or employer-employee relationship among the Parties. None of the Parties will have any right, power or authority to assume, create, or incurany expense, liability, or obligation, express or implied, on behalf of any other Party. 

11.5Assignment. Neither this Agreement nor any rights or obligations hereunder may be assigned or otherwise transferred directly or indirectly (including without limitation by merger including by or through merger of a subsidiary, sale of stock,sale of assets, transfer by operation of law or change in control or otherwise), by any Party without the prior written consent of BP (in the case of any assignment or transfer by Verenium), or Verenium (in the case of any assignment or transfer byBP), which consent shall not be unreasonably withheld. This Agreement shall be binding upon successors and permitted assigns of the Parties. 

11.6 Entire Agreement; Amendment; Waiver. This Agreement, together with all exhibits attached hereto which are hereby incorporated by reference, the Asset Purchase Agreement, the BP LicenseAgreement, the Verenium License Agreement, the Verenium Non-Competition Agreement and the other agreements by or among the Parties expressly referred to herein or in the Asset Purchase Agreement, the terms and conditions of which are herbyincorporated by reference, constitutes and contains the entire understanding and agreement of the Parties respecting the subject matter hereof and cancels and supersedes any and all prior and contemporaneous negotiations, correspondence,understandings, and agreements between the Parties, whether oral or written, regarding the subject matter hereof. No waiver, modification, or amendment of any provision of this Agreement will be valid or effective unless

 
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made in writing and signed by a duly authorized officer of each of the Parties. A waiver by a Party of any of the terms and conditions of this Agreement in any instance will not be deemed orconstrued to be a waiver of such term or condition for the future, or of any subsequent breach hereof. 

11.7Further Assurances. Each Party agrees that, subsequent to the execution and delivery of this Agreement and without any additional consideration, it will execute and deliver any further legal instruments and perform any acts which are or maybecome reasonably necessary to effectuate the purposes of this Agreement. 

11.8 No Third PartyBeneficiaries. This Agreement is neither expressly or impliedly made for the benefit of any Third Party. 

11.9 Notices. Any notice to be given under this Agreement shall be in writing and shall be considered to be givenand received in all respects when hand delivered, upon written confirmation of delivery after being sent by prepaid express or courier delivery service, upon confirmation of receipt when sent by facsimile transmission or three days after depositedin the United States mail, certified mail, postage prepaid, return receipt requested, in each case addressed as follows, or to such other address as shall be designated by notice duly given: 

 

If to Verenium:

 

Verenium Corporation

55 Cambridge Parkway

Cambridge, MA 02142

Attention: Chief Legal Officer and Chief

Financial Officer

Fax: (617) 674-5353
  
If to BP:

 

BP Biofuels North America LLC

Attention: Director of Business Development

150 West Warrenville Road

Naperville, IL 60563

Fax: (630) 836-5855

11.10Interpretation. 

(a) Captions, Headings and Recitals. The captions and headings of clausescontained in this Agreement preceding the text of the articles, sections, subsections and paragraphs hereof are inserted solely for convenience and ease of reference only and shall not constitute any part of this Agreement, or have any effect on itsinterpretation or construction. The recitals appearing at the beginning of this Agreement are incorporated into this terms and conditions in full by this reference thereto. 

(b) Singular and Plural. All references in this Agreement to the singular shall include the plural whereapplicable, and all references to gender shall include both genders. 

(c) Articles, Sections andSubsections. Unless otherwise specified, references in this Agreement to any article shall include all sections, subsections, and paragraphs in such article; references in this Agreement to any section shall include all subsections andparagraphs in such sections; and references in this Agreement to any subsection shall include all paragraphs in such subsection. 

 
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(d)Ambiguities. Ambiguities and uncertainties in this Agreement, if any, shall not be interpreted against any Party, irrespective of which Party may be deemed to have caused the ambiguity or uncertainty to exist. 

(e) English Language. This Agreement has been prepared in the English language and the English language shallcontrol its interpretation. In addition, all notices required or permitted to be given hereunder, and all written, electronic, oral or other communications between the Parties regarding this Agreement shall be in the English language. 

11.11 Counterparts. This Agreement may be executed simultaneously in counterparts, including by transmission offacsimile or PDF copies of signature pages to the Parties or their representative legal counsel, any one of which need not contain the signature of more than one Party but both such counterparts taken together will constitute one and the sameagreement. 

*[Remainder of Page Intentionally Blank]*

 
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**INWITNESS WHEREOF**, the Parties hereto have caused this Agreement to be executed by their respective duly authorized officers, effective as of the Effective Date. 

 

**Verenium Corporation**
    
**BP Biofuels North America LLC**

By:
 
/s/ Carlos A. Riva
    
By:
 
/s/ Susan A. Ellerbusch
 
Name:
 
Carlos A. Riva
     
Name:
 
Susan A. Ellerbusch
 
Title:
 
President and Chief Executive Officer
     
Title:
 
President

*[Signature Page – BP Non-Competition Agreement]*

 

Schedule 1.10

Enzyme Improvement Platform Technology 

 
**Procedures**                      
Title
                      
GeneReassemblySM Protocol
                      
GSSMSM Protocol
                      
TMSCASM Protocol
                      **Patents and Patent Applications****  **
**Case/Family**
  
**Country**
     
**Status**
     
**AppNumber**
     
**PatNumber**
     
**ExpDate**
     
**CaseNumber**
 
BIOPANNING
   
AU
       
Granted
       
48933/00
       
756201
       
06-Dec-2016
       
D1210-01AU
  
BIOPANNING
   
AU
       
Granted
       
2003-200812
       
2003200812
       
06-Dec-2016
       
D1210-02AU
  
BIOPANNING
   
US
       
Granted
       
08/692,002
       
6,054,267
       
02-Aug-2016
       
D1210-1US
  
BIOPANNING
   
US
       
Granted
       
08/944,795
       
6,030,779
       
07-Dec-2015
       
D1210-2US
  
BIOPANNING
   
US
       
Granted
       
09/421,970
       
6,368,798
       
20-Oct-2019
       
D1210-3US
  
BIOPANNING
   
US
       
Granted
       
09/557,276
       
6,344,328
       
02-Aug-2016
       
D1210-4US
  
BIOPANNING
   
AU
       
Granted
       
63148/01
       
782529
       
15-May-2021
       
D1210-5AU
  
BIOPANNING
   
US
       
Granted
       
09/571,499
       
6,455,254
       
03-Jun-2016
       
D1210-5US
  
BIOPANNING
   
AU
       
Pending
       
2007201249
               
D1210-6AUD1
  
BIOPANNING
   
AT
       
Granted
       
96942920.8
       
AT E260987
       
06-Dec-2016
       
D1210AT
  
BIOPANNING
   
AU
       
Granted
       
11489/97
       
720334
       
06-Dec-2016
       
D1210AU
  
BIOPANNING
   
BE
       
Granted
       
0-866-853
       
EP 0866853
       
06-Dec-2016
       
D1210BE
  
BIOPANNING
   
CH
       
Granted
       
96942920.8
       
EP 0 866853
       
06-Dec-2016
       
D1210CH
  
BIOPANNING
   
DE
       
Granted
       
DE69631787T2
       
DE69631787
       
06-Dec-2016
       
D1210DE
  
BIOPANNING
   
FR
       
Granted
       
96942920.8
       
EP 0866853
       
06-Dec-2016
       
D1210FR
  
BIOPANNING
   
GB
       
Granted
       
96942920.8
       
EP 0866853
       
06-Dec-2016
       
D1210GB
                        

 
                      
BIOPANNING
  
IE
    
Granted
    
96942920.8
    
EP 0866853
    
06-Dec-2016
    
D1210IE

BIOPANNING
  
IL
    
Granted
    
124794
    
124794
    
06-Dec-2016
    
D1210IL

BIO-TRAPS
  
AU
    
Granted
    
92260/98
    
754746
        
D1360AU

BIO-TRAPS
  
US
    
Granted
    
08/918,793
    
6,610,528
    
26-Aug-2017
    
D1360US

COMBINATORIAL
  
US
    
Granted
    
08/651,568
    
5,939,250
    
07-Dec-2015
    
D1140-1US

COMBINATORIAL
  
US
    
Granted
    
09/375,605
    
6,790,605
    
22-May-2016
    
D1140-2US

COMBINATORIAL
  
AU
    
Pending
    
2007231834
            
D1140-3AUD1

COMBINATORIAL
  
CA
    
Published
    
2,391,626
            
D1140-3CA

COMBINATORIAL
  
EP
    
Published
    
01971309.8
            
D1140-3EP

COMBINATORIAL
  
US
    
Granted
    
09/663,620
    
7,018,793
    
07-Dec-2015
    
D1140-3US

COMBINATORIAL
  
US
    
Granted
    
09/714,780
    
6,632,600
    
11-May-2016
    
D1140-4US

DIRECTED EVOLUTION
  
AU
    
Pending
    
2005-225057
            
D1460-10AUD1

DIRECTED EVOLUTION
  
AU
    
Pending
    
2009-212959
            
D1460-10AUD2

DIRECTED EVOLUTION
  
CA
    
Allowed
    
2,374,667
            
D1460-10CA

DIRECTED EVOLUTION
  
EP
    
Published
    
00941550.6
            
D1460-10EP

DIRECTED EVOLUTION
  
HK
    
Published
    
02107285.7
            
D1460-10HK

DIRECTED EVOLUTION
  
IL
    
Pending
    
146937
            
D1460-10IL

DIRECTED EVOLUTION
  
JP
    
Published
    
2001-503702
            
D1460-10JP

DIRECTED EVOLUTION
  
MX
    
Granted
    
PA/a/2001/013020
    
228,539
    
14-Jun-2020
    
D1460-10MX

DIRECTED EVOLUTION
  
MX
    
Pending
    
PA/a/2005/006395
            
D1460-10MXD1

DIRECTED EVOLUTION
  
US
    
Granted
    
09/332,835
    
6,537,776
    
14-Jun-2019
    
D1460-10US

DIRECTED EVOLUTION
  
US
    
Pending
    
11/285,302
            
D1460-12C1

DIRECTED EVOLUTION
  
US
    
Granted
    
09/498,557
    
6,713,279
    
31-Jan-2020
    
D1460-12US

DIRECTED EVOLUTION
  
US
    
Granted
    
09/522,289
    
6,358,709
    
07-Dec-2015
    
D1460-13US

DIRECTED EVOLUTION
  
US
    
Granted
    
09/535,754
    
6,361,974
    
07-Dec-2015
    
D1460-14US

DIRECTED EVOLUTION
  
US
    
Pending
    
11/798,032
            
D1460-15R1

 

DIRECTED EVOLUTION
  
US
    
Granted
    
09/594,459
    
6,605,449
    
14-Jun-2019
    
D1460-15US

DIRECTED EVOLUTION
  
US
    
Granted
    
09/756,459
    
6,562,594
    
07-Dec-2015
    
D1460-16US

DIRECTED EVOLUTION
  
US
    
Granted
    
09/867,262
    
6,696,275
    
04-Feb-2019
    
D1460-17US

DIRECTED EVOLUTION
  
US
    
Granted
    
09/885,551
    
6,740,506
    
07-Dec-2015
    
D1460-19US

DIRECTED EVOLUTION
  
US
    
Granted
    
10/039,293
    
6,713,281
    
03-Nov-2018
    
D1460-22US

DIRECTED EVOLUTION
  
US
    
Granted
    
10/087,426
    
6,709,841
    
09-May-2018
    
D1460-23US

DIRECTED EVOLUTION
  
US
    
Granted
    
10/099,816
    
6,713,282
    
09-Mar-2020
    
D1460-24US

DIRECTED EVOLUTION
  
US
    
Granted
    
10/108,077
    
6,635,449
        
D1460-25US

DIRECTED EVOLUTION
  
US
    
Granted
    
10/309,587
    
6,764,835
    
08-Jan-2021
    
D1460-27US

DIRECTED EVOLUTION
  
US
    
Granted
    
10/382,283
    
6,773,900
    
07-Dec-2015
    
D1460-29US

DIRECTED EVOLUTION
  
US
    
Granted
    
08/760,489
    
5,830,696
    
07-Dec-2015
    
D1460-4US

DIRECTED EVOLUTION
  
US
    
Granted
    
09/185,373
    
6,335,179
    
07-Dec-2015
    
D1460-6US

DIRECTED EVOLUTION
  
AU
    
Granted
    
2005201125
    
2005201125
    
04-Feb-2020
    
D1460-7AUD1

DIRECTED EVOLUTION
  
CA
    
Granted
    
2,325,351
    
2,325,351
    
04-Feb-2020
    
D1460-7CA

DIRECTED EVOLUTION
  
CA
    
Published
    
2,492,661
            
D1460-7CAD1

DIRECTED EVOLUTION
  
EP
    
Published
    
0913378.6-21
            
D1460-7EP

DIRECTED EVOLUTION
  
HK
    
Published
    
01105448.6
            
D1460-7HK

DIRECTED EVOLUTION
  
IL
    
Published
    
138206
            
D1460-7IL

DIRECTED EVOLUTION
  
JP
    
Published
    
2005-080273
            
D1460-7JPD1

DIRECTED EVOLUTION
  
MX
    
Granted
    
2000/009723
    
273,390
        
D1460-7MX

DIRECTED EVOLUTION
  
US
    
Granted
    
09/246,178
    
6,171,820
    
07-Dec-2015
    
D1460-7US

DIRECTED EVOLUTION
  
US
    
Granted
    
09/267,118
    
6,238,884
    
07-Dec-2015
    
D1460-8US

DIRECTED EVOLUTION
  
US
    
Granted
    
09/276,860
    
6,352,842
    
07-Dec-2015
    
D1460-9US

EXTRACT SCREENING
  
US
    
Granted
    
09/561,597
    
6,555,315
    
26-Aug-2017
    
D1340-1US

EXTRACT SCREENING
  
US
    
Granted
    
08/918,406
    
6,057,103
    
26-Aug-2017
    
D1340US

FACS/GIGAMATRIX
  
US
    
Granted
    
09/848,095
    
6,872,526
    
16-Jun-2017
    
D1280-10US

 

FACS/GIGAMATRIX
  
US
    
Granted
    
09/848,651
  
6,806,048
  
16-Nov-2020
  
D1280-12US

FACS/GIGAMATRIX
  
US
    
Granted
    
09/848,083
  
6,602,675
  
03-May-2021
  
D1280-13US

FACS/GIGAMATRIX
  
US
    
Granted
    
09/098,206
  
6,174,673
  
16-Jun-2017
  
D1280-1US

FACS/GIGAMATRIX
  
US
    
Granted
    
10/157,653
  
6,866,824
  
14-Jun-2018
  
D1280-23US

FACS/GIGAMATRIX
  
US
    
Granted
    
09/444,112
  
6,972,183
  
16-Jun-2017
  
D1280-2US

FACS/GIGAMATRIX
  
US
    
Granted
    
09/687,219
  
6,794,127
  
16-Jun-2017
  
D1280-5US

GIGAMATRIX
  
US
    
Granted
    
29/162,224
  
D480814 S
  
14-Oct-2017
  
D1290-14US

GIGAMATRIX
  
US
    
Granted
    
10/095,906
  
6,918,738
  
03-Aug-2022
  
D1290-1US

GIGAMATRIX
  
US
    
Granted
    
10/084,552
  
7,019,827
  
07-Jan-2023
  
D1290-2US

GIGAMATRIX
  
US
    
Granted
    
10/103,977
  
6,798,520
  
08-Jul-2022
  
D1290-5US

GIGAMATRIX
  
US
    
Granted
    
10/084,026
  
6,764,818
  
09-Jan-2023
  
D1290-7US

GIGASEQUENCING
  
US
    
Granted
    
10/452,157
  
7,291,460
  
06-Feb-2025
  
D1631-1US

NORMALIZED
  
US
    
Granted
    
09/034,724
  
6,001,574
  
18-Jun-2016
  
D1270-1US

NORMALIZED
  
US
    
Granted
    
09/437,905
  
6,444,426
  
18-Jun-2016
  
D1270-2US

NORMALIZED
  
US
    
Pending
    
09/089,789
      
D1270-3US

NORMALIZED
  
JP
    
Granted
    
10-503387
  
4227196
    
D1270JP

SHUFFLING
  
CA
    
Granted
    
2,308,292
  
2,308,292
  
23-Oct-2018
  
D1220-1CA

SHUFFLING
  
US
    
Granted
    
08/962,504
  
6,489,145
  
09-Jul-2016
  
D1220-1US

SHUFFLING
  
US
    
Granted
    
09/376,727
  
6,440,668
    
D1220-3US

SHUFFLING
  
AU
    
Granted
    
36626/97
  
724521
  
09-Jul-2017
  
D1220AU

SHUFFLING
  
US
    
Granted
    
08/677,112
  
5,965,408
  
09-Jul-2016
  
D1220US

Tailored Multi-Site Combinatorial Assembly
  
AU
              
D2410-01AU

Tailored Multi-Site Combinatorial Assembly
  
BR
              
D2410-01BR

Tailored Multi-Site Combinatorial Assembly
  
CA
              
D2410-01CA

Tailored Multi-Site Combinatorial Assembly
  
CN
              
D2410-01CN

Tailored Multi-Site Combinatorial Assembly
  
EA
              
D2410-01EA

Tailored Multi-Site Combinatorial Assembly
  
EP
              
D2410-01EP

Tailored Multi-Site Combinatorial Assembly
  
ID
              
D2410-01ID

Tailored Multi-Site Combinatorial Assembly
  
IL
              
D2410-01IL

 

Tailored Multi-Site Combinatorial Assembly
  
IN
     
4447/KOLNP/2009
         
D2410-01IN
  
Tailored Multi-Site Combinatorial Assembly
  
JP
           D2410-01JP  
Tailored Multi-Site Combinatorial Assembly
  
KR
           
D2410-01KR
  
Tailored Multi-Site Combinatorial Assembly
  
MX
           
D2410-01MX
  
Tailored Multi-Site Combinatorial Assembly
  
MY
           
D2410-01MY
  
Tailored Multi-Site Combinatorial Assembly
  
US
     
12/671,231
         
D2410-01N
  
Tailored Multi-Site Combinatorial Assembly
  
NZ
           
D2410-01NZ
  
Tailored Multi-Site Combinatorial Assembly
  
PH
     
1-2010-500189
         
D2410-01PH
  
Tailored Multi-Site Combinatorial Assembly
  
WO
  
Published
   
PCT/US08/071771
         
D2410-01WO
  
Tailored Multi-Site Combinatorial Assembly
  
ZA
  
Unfiled
         
D2410-01ZA
  
UNCULTURED
  
AU
  
Granted
   
69582/00
     
767618
     
17-Jul-2016
     
D1200-1AU
  
UNCULTURED
  
US
  
Granted
   
08/983,367
     
6,168,919
     
30-Sep-2018
     
D1200-1US
  
UNCULTURED
  
US
  
Granted
   
09/467,740
     
6,656,677
     
18-Jul-2015
     
D1200-2US
  
UNCULTURED
  
US
  
Granted
   
09/861,267
     
6,566,050
     
18-Jul-2015
     
D1200-4US
  
UNCULTURED
  
CA
  
Published
   
2,227,342
       
14-Dec-2006
     
D1200CA
  
UNCULTURED
  
CH
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200CH
  
UNCULTURED
  
DE
  
Granted
   
96925351.7
     
69636721.1
     
17-Jul-2016
     
D1200DE
  
UNCULTURED
  
DK
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200DK
  
UNCULTURED
  
EP
  
Published
   
06009151.9
         
D1200EPD1
  
UNCULTURED
  
ES
  
Granted
   
96925351.7
     
ES 0839185
     
17-Jul-2016
     
D1200ES
  
UNCULTURED
  
FI
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200FI
  
UNCULTURED
  
FR
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200FR
  
UNCULTURED
  
GB
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200GB
  
UNCULTURED
  
IE
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200IE
  
UNCULTURED
  
IT
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200IT
  
UNCULTURED
  
NL
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200NL
  
UNCULTURED
  
SE
  
Granted
   
96925351.7
     
EP 0839185
     
17-Jul-2016
     
D1200SE
  
UNCULTURED
  
US
  
Granted
   
08/503,606
     
6,004,788
     
18-Jul-2015
     
D1200US
  

 

UNCULTURED
  
US
    
Granted
    
08/988,224
    
6,280,926
    
18-Jul-2015
    
D1260-1US

UNCULTURED
  
US
    
Granted
    
09/407,525
    
6,849,395
    
09-Sep-2015
    
D1260-2US

UNCULTURED
  
US
    
Granted
    
09/713,176
    
6,528,249
    
18-Jul-2015
    
D1260-5US

UNCULTURED
  
US
    
Granted
    
09/875,412
    
6,677,115
    
18-Jul-2015
    
D1260-6US

UNCULTURED
  
US
    
Granted
    
08/657,409
    
5,958,672
    
18-Jul-2015
    
D1260US

WHOLE CELL
  
US
    
Granted
    
09/677,584
    
7,033,781
    
29-Sep-2019
    
D1510-1US

 

Schedule 3(a)

Specialty Industrial Processes Markets 

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

***** Confidential Treatment Requested**

 

Schedule 3(c)

Competitors of the Enzyme Business 

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

**[**...*******...**]**

***** Confidential Treatment Requested**