Exhibit 10.2




 





[COMPANY LETTERHEAD]


 


 


[NAME AND ADDRESS OF

INVESTOR]


 


Attn: __________


 


 


Dear Sirs:


 


This agreement (the
“Leak-Out Agreement”) is being delivered to you in connection with that certain understanding by and among Amyris,
Inc., a Delaware corporation (“the Company”) and the undersigned (“Holder”).


 


Reference is hereby
made to (a) that certain Securities Purchase Agreement, dated May 8, 2017 (the “Securities Purchase Agreement”),
by and among the Company and the investors party thereto, pursuant to which, among other things, the Holder acquired a Common Stock
Purchase Warrant, with an exercise price as of the date hereof (after giving effect to subsequent stock split and antidilution
adjustments from the original exercise price of $0.52 or $0.62, as applicable) of $4.40 per share of common stock of the Company,
par value $0.0001 per share (the “Common Stock”), exercisable as of the date hereof into such aggregate number
of shares of Common Stock as set forth on the signature page of the Holder to the Warrant Exercise Agreement (as defined below)
(the “Cash Warrant”, as exercised, the “Cash Warrant Shares”) and (b) that certain Warrant
Exercise Agreement, dated April 12, 2018 (the “Warrant Exercise Agreement”), pursuant to which, among other
things, the Holder agreed to exercise the Cash Warrant into certain Cash Warrant Shares (collectively, the “Restricted
Securities”). Capitalized terms not defined herein shall have the meaning as set forth in the Warrant Exercise Agreement.
For good and valuable consideration, Holder and the Company hereby agree as follows:


 


During the period commencing
on the date hereof (“Execution Date”) and ending on, and including, the earlier to occur of (a) May 24, 2018;
(b) the time of release (whether by termination of an applicable leak-out agreement or otherwise), in whole or in part, of any
Other Holder under any leak-out agreement in the form of this Agreement entered into with any Other Holder in connection with the
Transactions or (c) any breach by the Company of any term of this Leak-Out Agreement that is not cured within 5 business days following
delivery of written notice of such breach by Holder to the Company (“Cured”), neither Holder, nor any of its
Trading Affiliates (as defined below), collectively, shall sell, directly or indirectly, Restricted Securities or any other shares
of Common Stock on any Trading Day, in an amount in excess of [ ]%[1] of the daily average composite trading volume
of the Common Stock as reported by Bloomberg, LP on such Trading Day; provided, that the foregoing restrictions shall not apply
with respect to any sale of any shares of Common Stock at a price greater than or equal to $8.00 (as adjusted for stock splits,
stock dividends, stock combinations, recapitalizations and similar events).


 



    


     


    




For the purpose of
this Leak-Out Agreement, the following definitions shall apply:


 


“Affiliate”
means, with respect to any specified Person, (x) any other Person who or which, directly or indirectly, controls, is controlled
by, or is under common control with such specified Person, including, without limitation, any partner, officer, director, member
of such Person and any fund now or hereafter existing that is controlled by or under common control with one or more general partners
or managing members of, or shares the same management company with, such Person or (y) if such Person is a natural person, such
Person’s spouse, lineal descendant (including any adopted child or adopted grandchild) or other family member, or a custodian
or trustee of any trust, partnership or limited liability company for the benefit of, in whole or in part, or the ownership interests
of which are, directly or indirectly, controlled by, such Person or any other member or members of such Person’s family.


 


“Trading Affiliates”
means the Holder or any Affiliate thereof which (x) has knowledge of the Transactions, (y) has or shares discretion relating to
such Holder's investments or trading or information concerning the Holder's investments, including in respect of the Restricted
Securities, or (z) is subject to the Holder's review or input concerning such Affiliate's investments or trading.


 


Notwithstanding anything
herein to the contrary, on or after the date hereof, Holder may, directly or indirectly, sell or transfer all, or any part, of
the Restricted Securities (or any securities convertible or exercisable into Restricted Securities, as applicable) to any Person
(an “Assignee”) without complying with (or otherwise limited by) the restrictions set forth in this Leak-Out
Agreement; provided, that as a condition to any such sale or transfer an authorized signatory of the Company and such Assignee
duly execute and deliver a leak-out agreement in the form of this Leak-Out Agreement with respect to such transferred Restricted
Securities (or such securities convertible or exercisable into Restricted Securities, as applicable) (an “Assignee Agreement”)
and sales of Holder and its Affiliates and all Assignees shall be aggregated for all purposes of this Leak-Out Agreement and all
Assignee Agreements.


 


 


 






[1] Insert such Holder’s pro rata share (as
determined as the quotient of the aggregate number of Cash Warrant Shares initially issued to the Holder pursuant to the exercise
of the Cash Warrant pursuant to the Warrant Exercise Agreement, divided by the sum of the aggregate number of shares of Common
Stock initially issued to any person under the Warrant Exercise Agreement and/or each Other Agreement, as applicable, upon the
cash exercise of each Cash Warrant (as defined in the Warrant Exercise Agreement and each Other Agreement) in accordance therewith)
of 30%




    


     


    




The Company further
represents and warrants as of the date hereof and covenants and agrees from and after the date hereof that none of the terms offered
to any Other Holder with respect to any consent, release, amendment, settlement or waiver of the terms, conditions or transactions
herein or in any agreement with any Other Holder related to the subject matter hereof, is or will be more favorable to such Person
than those set forth in this Leak-Out Agreement or provided to any Person unless the provisions of this paragraph are complied
with. If, and whenever on or after the date hereof, the Company desires to provide terms which might affect any of the actions
prohibited in the immediately preceding sentence, then (x) the Company shall provide Holder with notice thereof at least two (2)
business days prior to such date and (y) upon the consummation thereof the terms and conditions of this Leak-Out Agreement shall
be, without any further action by Holder or the Company, automatically amended and modified in an economically and legally equivalent
manner such that Holder shall receive the benefit of the more favorable terms and/or conditions (as the case may be), provided
that upon written notice to the Company at any time prior to the expiration of such two (2) business day period Holder may elect
not to accept the benefit of any such amended or modified term or condition, in which event the term or condition contained in
this Leak-Out Agreement shall continue to apply to Holder as it was in effect immediately prior to such amendment or modification
as if such amendment or modification never occurred with respect to Holder.


 


This Leak-Out Agreement
shall not be effective until executed by the Company and Holder.


 


Any notices, consents,
waivers or other communications required or permitted to be given under the terms of this Leak-Out Agreement must be in writing.


 


This Leak-Out Agreement
constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior negotiations,
letters and understandings relating to the subject matter hereof and are fully binding on the parties hereto.


 


This Leak-Out Agreement
may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such
counterparts shall constitute one and the same instrument. This Leak-Out Agreement may be executed and accepted by facsimile or
PDF signature and any such signature shall be of the same force and effect as an original signature.


 


The terms of this Leak-Out
Agreement shall be binding upon and shall inure to the benefit of each of the parties hereto and their respective successors and
assigns.


 


This Leak-Out Agreement
may not be amended or modified except in writing signed by each of the parties hereto.


 



     


     


    




All questions concerning
the construction, validity, enforcement and interpretation of this letter agreement shall be governed by the internal laws of the
State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New
York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New
York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The City of
New York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding,
any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is improper.


 


Each party hereby irrevocably
waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy
thereof to such party at the address for such notices to it under Section 5.4 of the Securities Purchase Agreement and agrees that
such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law. Each party hereby irrevocably waives any right it
may have, and agrees not to request, a jury trial for the adjudication of any dispute hereunder or in connection with or arising
out of this letter agreement or any transaction contemplated hereby.


 


Each party hereto acknowledges
that, in view of the uniqueness of the transactions contemplated by this letter agreement, the other parties hereto would not have
an adequate remedy at law for money damages in the event that this Leak-Out Agreement has not been performed in accordance with
its terms, and therefore agrees that such other parties shall be entitled to specific enforcement of the terms hereof in addition
to any other remedy to which it may be entitled, at law or in equity.


 


The obligations of
Holder under this Agreement are several and not joint with the obligations of any Other Holder under any other agreement, and Holder
shall not be responsible in any way for the performance of the obligations of any Other Holder under any such other agreement.
Nothing contained herein or in this Agreement, and no action taken by Holder pursuant hereto, shall be deemed to constitute Holder
and Other Holders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Holder
and the Other Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated
by this Agreement and the Company acknowledges that Holder and the Other Holders are not acting in concert or as a group with respect
to such obligations or the transactions contemplated by this Agreement or any other Agreement. The Company and Holder confirms
that Holder has independently participated in the negotiation of the transactions contemplated hereby with the advice of its own
counsel and advisors. Holder shall be entitled to independently protect and enforce its rights, including, without limitation,
the rights arising out of this Agreement, and it shall not be necessary for any Other Holder to be joined as an additional party
in any proceeding for such purpose.


 


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left blank]






     


     


    

 





 


[SIGNATURE PAGE TO AMYRIS, INC. LEAK-OUT]


 


 


Agreed to and Acknowledged:


 


 


 


“Company”


AMYRIS, INC.


 


 


By: _____________________


Name:


Title:


 


 


 


“Holder”






_______________________


 


 


 


By: ____________________


Name:


Title: