Document:

exv10w10

Exhibit 10.10

MYRIANT TECHNOLOGIES LLC

INDEPENDENT CONTRACTOR AGREEMENT

     This Agreement is made by Myriant Technologies LLC (“Company”), a Delaware limited liability
company, and Arro Building Services (“Contractor”). This Agreement is effective as of August 31,
2010 (“Effective Date”). Company and Contractor agree as follows:

Section 1. Engagement of Services

1.1 Services. Subject to the terms of this Agreement, Contractor will render the services set forth
in Exhibit A (the “Services”).

1.2 Performance of Services. All Services will be rendered to the best of Contractor’s ability and
in a timely, first-class, and professional manner, in compliance with all standards and rules
reasonably established by Company from time to time. Company selected Contractor to perform the
Services based upon Company receiving Contractor’s personal service. Contractor therefore may not
subcontract or otherwise delegate his obligations under this Agreement without Company’s prior
written consent.

1.3 Compliance With Laws. Contractor will comply with all applicable laws, ordinances, rules,
regulations, and other requirements, now or hereafter in effect, of any governmental authority
having jurisdiction, in Contractor’s performance of the Services.

1.4 Modification. Company periodically may make changes to the Services that are within the general
scope of this Agreement, by giving Contractor written notice of such changes. Changes may include,
for example, modifications to the amount of Services, the items to be delivered, and the schedules
for performance. If any change results in an increase or decrease in the parties’ best estimate of
the time or expense required to perform the remaining Services, Company and Contractor will
equitably adjust the schedules and/or the compensation payable for the performance of such Services
to reflect the increase or decrease.

Section 2. Compensation

     2.1 Fees and Approved Expenses. Company will pay Contractor for the Services as set forth in
Exhibit A. Contractor will not be reimbursed for any expenses incurred in connection with the
performance of the Services under this Agreement, unless approved in advance and in writing by an
authorized representative of Company or expressly provided for in Exhibit A. Upon termination of
this Agreement for any reason, Contractor will be paid fees and expenses on a proportional basis as
stated in Exhibit A for work performed, up to and including the effective date of the termination,
except that Company will only be liable to pay for liabilities incurred prior to termination.

     2.2 Timing. Unless other terms are set forth in Exhibit A, Company will pay Contractor for
Services and will reimburse Contractor for previously approved expenses within 15 days of the date
of Contractor’s invoice, provided Contractor has furnished documentation for expenses, as
reasonably requested by Company.

Section 3. Nondisclosure Agreement

     As a condition of Company’s obligations under this Agreement, Contractor agrees to enter
into and abide by the terms and conditions of a Confidentialty/Non Disclosure Agreement.

Section 4. Independent Contractor

     4.1 Nature of Relationship. Contractor shall be and act as an independent contractor (and not
as the employee, agent, or representative of Company) in the performance of the Services for
Company. This Agreement shall not be interpreted or construed as creating or evidencing an
association, joint venture,

 

 

partnership or franchise relationship among the parties or as imposing any partnership, or
franchisor obligation, or liability on any party. Contractor will not represent himself as an
employee or agent of Company. Contractor shall not be entitled to, and shall not attempt to,
create or assume any obligation, express or implied, on behalf of Company. Contractor shall be
required to devote Contractor’s full time to the performance of Services under this Agreement
during the term of this Agreement. Since Contractor will not be an employee of Company,
Contractor will not be entitled to any of the benefits that Company may make available to its
employees, such as vacation pay, sick leave, insurance programs, including group health insurance
or retirement benefits. In addition, Contractor acknowledges that as an independent contractor, he
is not eligible to recover worker’s compensation benefits in the event of injury.

     4.2 Contractor Responsible for Taxes and Records. Contractor will be solely responsible for
and will file, on a timely basis, all tax returns and payments required to be filed with or made to
any federal, state or local tax authority with respect to Contractor’s performance of the Services
and receipt of fees under this Agreement. Contractor will be solely responsible for and must
maintain adequate records of expenses incurred in the course of performing the Services under this
Agreement. No part of Contractor’s compensation will be subject to withholding by Company for the
payment of any social security, federal, state or any other employee payroll taxes. Company will
regularly report amounts paid to Contractor by filing Form 1099-MISC with the Internal Revenue
Service as required by law.

Section 5. Work Product

          5.1 Ownership and Assignment. Company owns or upon assignment by the creator will own: (i)
all concepts, works, inventions, information, software, and other materials developed by
Contractor either alone or with others, that result from or relate to the Services (collectively,
“Work Product”) and (ii) all marks, trade secrets, copyrights, patents, and other intellectual
property rights (“Proprietary Rights”) in such Work Product. Work Product does not include any
inventions or developments made by Contractor prior to the Effective Date. Any copyrightable
aspects of Work Product are “works made for hire” to the full extent permitted by law. Contractor
shall assign to Company Contractor’s entire right, title, and interest in all Work Product and all
Proprietary Rights in Work Product. Contractor shall execute any documents in connection with such
assignment that Company may reasonably request. Contractor appoints Company its attorney-in-fact
to execute assignments of, and register all rights to, the Work Product and the Proprietary Rights
in Work Product. This appointment is coupled with an interest.

Section 6. Term

     This Agreement is effective as of the Effective Date and will continue until the first
anniversary of the Effective Date, unless terminated earlier in accordance with Section 7
below.

Section 7. Termination, Noninterference, and Noncompete

     7.1 Termination. Consultant may terminate this Agreement for any reason, with or without
cause, upon thirty (30) days’ prior written notice to Company. Company may terminate this
Agreement upon thirty (30) days prior written notice upon the occurrence of (a) breach by
Consultant of any provision of this Agreement, (b) conviction of Consultant of any felony or (c) a
determination by the Company that the Consultant’s services are no longer needed by the Company due
to change in the Company’s business strategy, including without limitation, a determination to
cease the development of either ethanol facility the Company currently has under development.
Company may discontinue its efforts develop, own and operate ethanol production facilities for any
reason without incurring any liability to Contractor.

     7.2 Rights Upon Termination. If this Agreement is terminated while work is in progress under
the Agreement, Company and Contractor agree that all right, title, and interest in Work Product
conceived or developed by Contractor alone or with others in connection with the provision of
Services as of the date of termination will be deemed assigned to Company and Company may not
recover any fees for Services rendered, or reimbursements for expenses incurred, that have been
paid by Company to Contractor as of the

 

 

date of termination.

     7.3 Noninterference with Business. During the course of Contractor’s performance of the
Services for Company and for a period of twelve (12) months after the termination of this
Agreement, Contractor will not interfere with Company’s business in any manner, including without
limitation, by encouraging anyone to leave Company’s employ or by encouraging any employee or
independent contractor to sever that person’s relationship with Company.

     7.4 Noncompete. For twelve (12) months following the termination of this Agreement, Contractor
will not perform services for, participate in the ownership, management, or operation of, or in any
manner be connected with, any Competitor, without Company’s prior written consent. As used in this
Section, “Competitor” means any entity that, directly or indirectly, competes with Company in the
production of ethanol or engages in the development, license, or sale of products or services that
compete with products or services then produced or marketed by Company, that Company is then
preparing to produce or market, or the feasibility for marketing or developing of which Company is
then actually studying.

Section 8. Business Opportunities

     Contractor will promptly disclose to Company any business opportunity of which Contractor
becomes aware as a result of its performance of the Services. Contractor will not take advantage of
or divert any such opportunity for the gain, profit, or benefit of Contractor or any other person
or entity without the written consent of Company.

Section 9. Indemnification

     Contractor will indemnify, defend, and hold Company (and its affiliates and their respective
directors, officers, employees, successors, assigns, insurers, licensees, distributors,
independent contractors, and agents) harmless from all claims, damages, losses, and expenses
(including reasonable attorneys’ fees incurred on such claims and in proving the right to
indemnification) arising out of or resulting from any claim, action, or other proceeding that is
based upon (a) Contractor’s breach of any obligations, representations, or warranties under this
Agreement, (b) the conduct of Contractor’s business outside the scope of this Agreement, or (c)
any negligent act or omission of Contractor.

Section 10. Remedy

     Contractor acknowledges that any breach by Contractor of this Agreement will cause
irreparable injury to Company. Accordingly, in the event of such breach or an impending breach,
Company shall be entitled to obtain restraining orders, injunctions, and other equitable relief
from a court in addition to, and not in lieu of, the right to seek damages and any other right or
remedy afforded to Company by law or otherwise.

Section 11. General Provisions

     11.1 Governing Law; Forum. This Agreement will be governed by the laws of Massachusetts,
excluding its choice of law rules. Contractor irrevocably consents to the exclusive personal
jurisdiction and venue of the federal and state courts located in Boston, Massachusetts with
respect to any dispute arising out of or in connection with this Agreement, and agrees not to
commence or prosecute any action or proceeding arising out of or in connection with this Agreement
other than in the aforementioned courts.

     11.2 Severability. If any provision of this Agreement is held to be invalid or unenforceable
for any reason, the remaining provisions will continue in full force without being impaired or
invalidated in any way. Company and Contractor agree to replace any invalid provision with a valid
provision that most closely approximates the intent and economic effect of the invalid provision.

 

 

     11.3 Nonwaiver. Any failure by Company to enforce strict performance of any provision of
this Agreement will not constitute a waiver of Company’s right to subsequently enforce such
provision or any other provision of this Agreement.

     11.4 Successors and Assigns. Neither this Agreement nor any of the rights or obligations of
Contractor arising under this Agreement may be assigned without Company’s prior written consent.
Company may assign its rights arising under this Agreement to an affiliated entity without the
consent of Contractor. Subject to the foregoing, this Agreement will be binding upon, enforceable
by, and inure to the benefit of, the parties and their successors and assigns.

     11.5 Company Marks. Contractor will not use any trade name, trademark, service mark, or
logo of Company (or any name, mark, or logo confusingly similar thereto), in any advertising,
promotions, or otherwise, without Company’s prior written consent.

     11.6 Notices. All notices and other communications under this Agreement must be in writing,
and must be given by registered or certified mail, postage prepaid, or delivered by hand to the
party to whom the communication is to be given, at its address set forth below.

     11.7 Legal Fees. If any dispute arises between the parties with respect to the matters covered
by this Agreement, the prevailing party in any proceeding to resolve such dispute will be entitled
to receive its reasonable attorneys’ fees and costs incurred in connection with the proceeding, in
addition to any other relief it may be awarded.

     11.8 Survival. The provisions of Sections 4, 5, 7, and 9 (as well as any other provision
that reasonably should be interpreted as surviving this Agreement) will survive any termination
or expiration of the term of this Agreement.

     11.9 Entire Agreement. This Agreement sets forth the entire understanding and agreement of the
parties as to the subject matter of this Agreement. It may not be changed orally but only in
writing signed by both parties.

[THIS SPACE INTENTIONALLY LEFT BLANK.]

 

 

     11.10 Counterparts. This Agreement may be signed in counterparts, each of which shall be
deemed an original, and all of which, taken together, shall be deemed one and the same document.

	 	 	 	 	 
	 	MYRIANT TECHNOLOGIES LLC:

 	 
	 	By:  	/s/ Stephen J. Gatto
 	 
	 	 	Stephen J. Gatto, Chief Executive Officer 

	 
	 	Address:     	  Myriant Technologies LLC

Two Batterymarch Park

Suite 301

Quincy, MA 02169 	 
	 
	 	ARRO BUILDING SERVICES:

 	 
	 	By:  	/s/ Stephen G. Mack
 	 
	 	 	Stephen G. Mack, President 

	 
	 	Address:   	Two Batterymarch Park

Suite 301

Quincy, MA 02169 	 
	 

Effective Date: August 31, 2010

 

 

EXHIBIT A

SERVICES AND COMPENSATION

Consultant/Contractor: Arro Building Services

Effective Date: August 31, 2010

	1.	 	THE SERVICES

	 	1.1	 	General Description
	 
	 	 	 	Contractor is responsible in assisting Company to effect an office move and finalize
the real estate transactions for the Company. Contractor is responsible for
interfacing with current real estate companies (Cummings Properties, NFPA).
Contractor is responsible for interfacing with Company broker, Meredith & Grew,
visiting potential sites, lease negotiations, logistics and perform other duties
relative to a real estate transaction as needed and/or on an as requested basis.
	 
	 	 	 	Additionally, Contractor will be responsible for facilities management at the Woburn
lab facility.
	 
	 	1.2	 	Designated Personnel
	 
	 	 	 	Contractor’s main point of contact at the Company will be Stephen J. Gatto, CEO

	2.	 	 COMPENSATION

	 	2.1	 	Amount and Basis
	 
	 	 	 	Contractor will be paid $10,000.00 per month for term of agreement.
	 
	 	 	 	Contractor will submit an invoice to Company for Services performed and
reimbursable expenses. The invoice will be in a form and content reasonably
acceptable to Company and will describe (a) the Services performed; (b) the number
of hours expended performing the Services; and (c) any reimbursable expenses.
Contractor will furnish such receipts, documents and other supporting materials as
Company reasonably may request to verify the contents of any invoice.
	 
	 	 	 	Contractor will be paid 120% of the payroll cost of each employee of Contractor
performing services on behalf of Company, plus reasonable out of pocket expenses
incurred by such employee in performing such services. Contractor will submit a
bi-weekly invoice for such work in a form and content reasonably acceptable to Company
and will describe (a) the Services performed; (b) the number of hours expended
performing the Services; (c) hourly rate and,(d) any reimbursable expenses.
Contractor will furnish such receipts, documents and other supporting materials as
Company reasonably may request to verify the contents of any invoice.exv10w11

Exhibit 10.11

CONSULTING AGREEMENT

     This Consulting Agreement (this “Agreement”) is made and entered effective as of October 14,
2010 (the “Effective Date”) by and among Clear Creek Capital, LLC, a Delaware limited liability
company (the “Consultant”) and Myriant Lake Providence Inc., a Delaware corporation (the
“Company”).

RECITALS:

     WHEREAS, the Consultant has certain skills, experience, relationships, contacts and abilities
that are valuable to the business of the Company; and

     WHEREAS, the Company desires to retain the Consultant to render certain specific consulting
services for the Company in connection with the construction, ownership and operation of a succinic
acid plant in Lake Providence, Louisiana (the “Project”) on the terms and conditions set forth in
this Agreement, and the Consultant desires to be retained by the Company and to provide such
services to the Company on such terms and conditions.

     NOW, THEREFORE, in consideration of the foregoing premises and of the mutual covenants and
undertakings contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as
follows:

ARTICLE I

PERFORMANCE OF THE SERVICES

     1.01 Engagement and Duties. The Company and the Consultant hereby agree that during
the Term (as defined below), the Consultant shall serve as an independent financial consultant to
the Company with respect to the Financing (as defined in Section 1.03(b) below) and shall provide
such consulting services as are reasonably requested by the Company (the “Services”), including
without limitation familiarizing itself with the Company, , assisting the Company in identifying,
pursuing and executing government programs, loan guarantees, grants or other incentives (including,
without limitation, New Market Tax Credits and tax equity injections), meeting with the Company’s
development partners and third-party consultants, recommending and working with professional
services firms as required, and evaluating documentation with respect to contracts, permits and
other matters as requested by the Company. During the Term, the Consultant shall devote such
business time, attention, skill and energy to the business of the Company as the Company shall
request in its reasonable discretion, and shall assume and perform the Services to the best of its
ability.

     1.02 Term and Termination.

     (a) The term of this Agreement (the “Term”) shall begin on the Effective Date and shall end on
the Expiration Date (as defined below). For purposes of this Agreement, “Expiration Date” means the
six-month anniversary of the Effective Date. Upon the Expiration

 

 

Date, the Term shall be automatically extended for one additional six-month period unless
either party gives the other party written notice of termination no later than 30 days prior to the
Expiration Date.

     (b) This Agreement may be terminated at any time by the Company for Cause (as defined below)
by providing written notice describing such cause to the Consultant. For purposes of this
Agreement, “Cause” means (i) the theft, fraud, or embezzlement by the Consultant or any of its
Affiliates or Subcontractors (as defined below) of any of the real or personal property, tangible
or intangible, of the Company; or (ii) the Consultant’s or any of its Affiliates’, directors’,
executive officers’, or other persons’ acting in similar capacities on behalf of the Consultant
conviction of, or the entering of a guilty plea or plea of no contest with respect to, a felony,
the equivalent thereof, or any other crime with respect to which imprisonment is a possible
punishment.

     1.03 Remuneration; Reimbursement.

     (a) Services Fee. In consideration for the performance of the Services, the Company
shall pay to the Consultant a fee (the “Services Fee”) in an aggregate amount not to exceed
$250,000 in such amounts and upon accomplishment of such milestones as are set forth on
Schedule A hereto. Any installments of the Services Fee shall be payable by the Company to
the Consultant in cash or other form of immediately available funds when and as earned in
accordance with Schedule A hereto.

     (b) Placement Fees. From and after the Effective Date, the Company shall pay to the
Consultant cash placement fees (“Placement Fees”) equal to:

     (i) 1.0% of the maximum principal amount that may be drawn of any loan financing (a “Revolver
Loan”) secured by receivables due from any federal or state governmental or quasi-governmental
agency, department or tribunal (collectively, the “Government”);

     (ii) 3.0% of the aggregate principal amount loaned or committed to be loaned (by binding
contractual commitment, subject to any applicable conditions precedent to funding draws or advances
from such committed amount) to any Eligible Issuer by any funding sources (including, without
limitation, commercial bank financing or other forms of commercial loans made to any Eligible
Issuer);

     (iii) 1.0% of the amount of any debt financing guaranteed by the Government; and

     (iv) 4.0% of the gross amount of New Market Tax Credits allocated to the Project.

     The Placement Fees will be deducted from the gross proceeds of the debt or equity securities
sold or principal amount loaned and remitted to the Consultant in cash or other immediately
available funds, at each closing (whether initial or subsequent) of a Financing; provided, however,
that all Placement Fees due to the Consultant on account of a Financing covered by subclause (ii)
above shall be due upon the initial closing of such loan. Notwithstanding any provision of this
Agreement to the contrary, the amount of the Services Fee

2

 

paid to the Consultant shall be credited towards and satisfy the first amounts due as
Placement Fees hereunder. For purposes of this Agreement, (A) “Eligible Issuer” shall mean the
Company, any Affiliate (as defined below) of the Company, or any other entity organized or formed
for the purpose of raising or obtaining financing and subsequently merging or entering into a joint
venture with or acquiring all or substantially all of the assets of, making a loan to or an
investment in, or otherwise obtaining an interest in the equity, assets or operations of, the
Company or any of its Affiliates; (B) “Affiliate” shall mean any person or entity that directly or
indirectly controls, is controlled by, or is under common control with a party, or any entity
established, promoted, or syndicated by the Company or any of its Affiliates (whether or not
controlled by the Company or such Affiliate(s)); (C) “control” shall mean the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of a
person or entity, whether through ownership of voting securities, by contract or otherwise; and (D)
“Financing” shall mean any offering of an Eligible Issuer’s debt or loan financing obtained by an
Eligible Issuer.

     (c) Monthly Monitoring Fee. If the Company is required by any unrelated third party
to retain a financial adviser upon or after a Notice to Proceed, the Company will first recommend
to such third party that Consultant fill that position.

     (d) Reimbursement. The Company will reimburse the Consultant and its permitted
Subcontractors (as defined below) for all reasonable travel and out-of-pocket expenses incurred by
them in connection with the Services performed pursuant to this Agreement, including without
limitation hotel, food and associated expenses including postage, express/overnight mail delivery,
and courier services. The Consultant may also, from time to time, recommend or refer the Company to
various professional services firms, including but not limited to law firms, accounting firms and
other consulting firms, in which event, if the Company should choose to engage any of such firms,
the Company will be solely responsible to pay all fees and expenses incurred pursuant such
engagement.

     (e) Survival of Fee Obligations. In the event that the Company either enters into a
letter of intent or term sheet, or is engaged in ongoing negotiations or discussions, with any
person or entity with respect to a Financing during the Term, and the consummation or funding of
such Financing does not occur during the Term, the Company shall pay the Placement Fees due
therefor to the Consultant, notwithstanding the expiration or termination of this Agreement, upon
the consummation or funding of such Financing with such person or entity (or any of their
Affiliates) within 180 days of the date of expiration or termination of this Agreement; provided,
however, that Placement Fees shall not be payable with respect to a consummation or funding of a
Financing that occurs after the effectiveness of the termination of this Agreement by the Company
pursuant to Section 1.02(b).

     (f) Subcontractors. The Consultant may from time to time, with prior Company approval,
use the services of subcontractors (so called herein) to perform the Services, including, but not
limited to, attorneys, engineers, consultants, and any other person(s) or entities, and without
limiting the generality of the foregoing, specifically including Carlyle Capital Markets, Inc., a
Texas corporation, and Unifinancial International, Inc., a Delaware corporation (each of which is
hereby approved by the Company as a Subcontractor). Consultant shall be solely

3

 

responsible to pay any fees due to its Subcontractors, excluding any expenses which the
Company is obligated to reimburse pursuant to Section 1.03(d) hereof.

     (g) Non-circumvention. The Company hereby irrevocably agrees not to circumvent, avoid,
bypass, or obviate, directly or indirectly, the intent of this Agreement through any transaction,
transfer, pledge, agreement, recapitalization, loan, lease, assignment or otherwise.

     1.04 Independent Contractor Status.

     (a) The Consultant may use any ethical and lawful means necessary and appropriate to perform
its obligations under this Agreement; provided, however, that in no event shall the Consultant take
any action that would be adverse to the business interests of the Company or that may subject the
Consultant or the Company to civil or criminal liability. The Consultant agrees to fully comply
with all laws, rules and regulations applicable to its performance of the Services, and the
Consultant covenants and agrees that it has no undisclosed interest that would conflict in any
manner with its performance of the Services under this Agreement (other than any conflicts which
may exist with respect to the fact that Mr. Neal Roy, a principal of the Consultant, also serves on
the board of managers of Myriant Technologies LLC, which is an Affiliate of the Company). In
recognition of the independent contractor status of the Consultant, the Company agrees that,
subject to the covenants contained in this Agreement, the Consultant may engage in additional
activities and may allocate its time between the Consultant’s obligations under this Agreement and
such other activities in any manner as the Consultant deems appropriate, so long as the
Consultant’s obligations under this Agreement are fully satisfied. The Consultant shall be
responsible for all expenses incurred by the Consultant and its Affiliates and Subcontractors in
furtherance of its provision of the Services, except as otherwise set forth in Section 1.03(d)
hereof.

     (b) The Consultant is and shall be an independent contractor with the sole right to supervise,
manage, operate, control, and direct the performance of the details incident to the Consultant’s
duties under this Agreement. Nothing contained in this Agreement shall be deemed or construed to
create a partnership or joint venture, to create the relationships of an employer-employee or
principal-agent, or to otherwise create any liability for or obligation of the Company whatsoever
with respect to the indebtedness, liabilities, and obligations of the Consultant or any other
party. The Consultant specifically understands and agrees that this Agreement shall not be deemed
to grant or imply that the Consultant is authorized to sign, contract, deal, or otherwise act in
the name of or on behalf of the Company, except as is expressly authorized in writing by the
Company. The Company shall not maintain any insurance for the Consultant or its personnel,
including, but not limited to, professional liability, commercial liability, medical, dental, life,
or disability insurance. The Consultant stipulates and agrees that its personnel will not be
eligible for any employment benefits from the Company. To the extent the Consultant employs others
in providing services under this Agreement, the Consultant agrees to comply with all applicable
workers’ compensation laws, to provide satisfactory assurances of such compliance to the Company on
request, and to indemnify and hold harmless the Company from any liability or obligation in
connection therewith.

4

 

     1.05 Taxes and Withholding. The Consultant hereby acknowledges and agrees that, as an
independent contractor, it is legally required to determine and pay its own estimated federal
income taxes, FICA (including FICA-matching), and all applicable federal and state payroll, excise,
workman’s compensation, and other withholdings owed, or claimed to be owed, by the Consultant by
reason or arising out of the Consultant’s relationship with the Company pursuant to this Agreement,
and the Consultant shall indemnify and hold the Company harmless from and against, and shall defend
the Company against, any and all losses, damages, claims, costs, penalties, liabilities, and
expenses (as incurred by the Company) arising out of or incurred because of, incident to, or
otherwise with respect to any such taxes. The Consultant further acknowledges that the Company is
legally obligated, and shall endeavor to issue timely, a yearly Form 1099 to the Consultant, and a
Form 1096 to the Internal Revenue Service, reporting the full amount of fees paid to the Consultant
during each annual reporting period.

ARTICLE II

CONFIDENTIALITY

     2.01 Confidentiality. The Consultant acknowledges that, during the Term of this
Agreement, the Consultant will become privy to certain Confidential Information (hereinafter
defined) of the Company and the Consultant agrees that it shall not, without the prior written
consent of the Company, at any time during or after the Term, use, disseminate, disclose, or
communicate any Confidential Information to any person or entity inside or outside the United
States other than in the performance of the Services hereunder. As used herein, the term
“Confidential Information” means all information about the Company disclosed or made known to the
Consultant during the Term of this Agreement that is marked by the Company as “confidential” at the
time it is so disclosed or made known and that is not generally known in the industries in which
the Company or any of its Affiliates is engaged, including, but not limited to, information about:
(A) financial position, product line, customers, suppliers, and market; (B) profit margins,
pricing techniques, or pricing information as to both purchase prices from suppliers and sale
prices to customers; (C) past, present, or future plans with respect to the business of the
Company; (D) bids, negotiations, or techniques in bidding or negotiating, pursuant to supplier,
wholesaler, customer or other contracts; (E) current or future Company advertising or promotion
plans or programs; (F) any Company system, procedure, or administrative operations; (G) the
Company’s structure, employees, or processes; and (H) present or future plans for the extension of
the present business or commencement of a new business by the Company or any subsidiary or division
of the Company. Confidential Information shall exclude information that: (i) was known to the
Consultant before receipt from the Company, (ii) is or becomes publicly available through no fault
of the Consultant, (iii) is rightfully received by the Consultant from a third party without a duty
of confidentiality, (iv) is disclosed by the Company to a third party without a duty of
confidentiality on the third party, (v) is independently developed by the Consultant without a
breach of this Section 2.01, or (vi) is disclosed by the Consultant with the Company’s prior
written approval. The parties acknowledge that the Company will provide the Consultant with
non-confidential information and materials regarding the Company for disclosure to potential
investors for the Financing.

5

 

     2.02 Competition. Nothing in this Agreement shall prohibit the Consultant from
providing services to any other person or entity, including without limitation providing the same
or similar services to any competitor of the Company, so long as the Consultant abides by its
obligations under this Agreement (including Section 2.01 hereof).

ARTICLE III

RIGHTS WITH RESPECT TO ADDITIONAL FINANCING

     3.01 Grant of Additional Financing Right. The Company acknowledges that it may pursue
various types of, and rounds of, Government financings, including without limitation the types of
financings contemplated by Section 1.03(b)(i), (iii) and (iv) hereof, from time to time after the
expiration of this Agreement (each, a “Government Financing”), with respect to the construction,
ownership and/or operation of the Project. In consideration of the Consultant’s Services hereunder,
the Company hereby grants to the Consultant the first right (the “Government Financing Right”) to
perform the Services with respect to any Government Financing for the Project pursued by the
Company and/or its Affiliates after the expiration Agreement.

     3.02 Notice and Exercise of Government Financing Right. In the event that the Company
or any of its Affiliates intends to pursue Government Financing for the Project after the
expiration of this Agreement, the Company shall deliver (or shall cause such Affiliate to deliver)
to the Consultant written notice (an “Government Financing Notice”) of such intention prior to
seeking any Government Financing for the Project. Any such Government Financing Notice shall
describe in reasonable detail such proposed Government Financing. Upon receipt of a Government
Financing Notice, the Consultant shall notify the Company (or its applicable Affiliate which
delivered such Government Financing Notice, as the case may be) in writing (an “Exercise Notice”),
on or before the 30th day immediately following the date on which the Consultant
received such Government Financing Notice, whether or not the Consultant desires to exercise its
Government Financing Right with respect to such Government Financing. The failure by the Consultant
to provide an Exercise Notice to the Company (or its applicable Affiliate which delivered such
Government Financing Notice, as the case may be) prior to the expiration of such 30-day period
shall be deemed an election by the Consultant not to exercise its Government Financing Right with
respect to such Government Financing. If the Consultant elects to exercise its Government Financing
Right with respect to any Government Financing, then within 10 calendar days of the date on which
the Consultant delivers its Exercise Notice with respect to such Government Financing, the Company
shall (or shall cause its applicable Affiliate to) enter into a consulting agreement with the
Consultant with respect to such Government Financing, which consulting agreement shall be in form
and substance, and shall contain economic terms and other terms, identical to those set forth in
this Agreement; provided, however, that this Article III shall not be required to be set forth in
any such consulting agreement.

6

 

ARTICLE IV

MISCELLANEOUS

     4.01 Further Assurances Each party hereto, without further consideration, shall, at
the reasonable request of any other party hereto, execute and deliver any instruments or documents
and take such other actions, as such other party may reasonably request to more effectively
consummate the transactions contemplated by this Agreement.

     4.02 Severability. If any provision of this Agreement is held to be illegal, invalid,
or unenforceable under any present or future law, and if the rights or obligations of either of the
parties hereto would not be materially and adversely affected thereby, (a) such provisions shall be
fully severable; (b) this Agreement shall be construed and enforced as if such illegal, invalid, or
unenforceable provisions had never comprised a part hereof; (c) the remaining provisions of this
Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid,
or unenforceable provision or by its severance; (d) in lieu of such illegal, invalid, or
unenforceable provision, there shall be added automatically as a part of this Agreement a legal,
valid, and enforceable provision as similar in terms to such illegal, invalid, or unenforceable
provision as may be possible.

     4.03 Assignment. This Agreement may be freely assigned and transferred to, and in such
event shall be binding upon and shall inure to the benefit of, any successor of the Company, and
any such successor shall be deemed substituted as the “Company” hereunder for all purposes. As
used in this Agreement, the term “successor” shall mean any person, firm, corporation, or business
entity that at any time, whether by merger, spin off, purchase, or otherwise, acquires all or
substantially all of the equity interests, assets or business of the Company. This Agreement may
also be freely assigned and transferred to any affiliate of the Consultant.

     4.04 Number and Gender of Words. Any references herein to the masculine gender, or to
the masculine form of any noun, adjective, or possessive, shall be construed to include the
feminine or neuter gender and form, and vice versa. Additionally, whenever used herein, the
singular number shall include the plural, and the plural number shall include the singular.

     4.05 Headings. The headings contained in this Agreement are for purposes of reference
only and shall not limit or otherwise affect the meaning of any of the provisions contained herein.

     4.06 GOVERNING LAW; VENUE. THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE
OF TEXAS WITHOUT GIVING EFFECT TO THE CHOICE OR CONFLICT OF LAWS RULES THEREOF OR OF ANY STATE. THE
PARTIES HEREBY EXPRESSLY AGREE THAT VENUE FOR ANY DISPUTE ARISING UNDER THIS AGREEMENT SHALL RESIDE
EXCLUSIVELY IN DALLAS COUNTY, TEXAS.

7

 

     4.07 Legal Remedies; Specific Performance. The parties to this Agreement
understand and agree that it will be impossible to measure in money the damages that may accrue to
a party to this Agreement or to its heirs, personal representatives, or assigns by reason of a
failure to perform any of the obligations set forth in this Agreement, and that any such money
damages would be an insufficient remedy for such failure of performance. Therefore, each party
hereto hereby consents to be subject to the remedy of specific performance of any provision of this
Agreement if such party shall have been found to be in violation of such provision by any court of
competent jurisdiction. If any party or its successors or assigns institute any action or
proceeding to specifically enforce the provisions of this Agreement, any person against whom such
action or proceeding is brought hereby waives the claim or defense in such action or proceeding
that such party has an adequate remedy at law, and such person shall not urge in any such action or
proceeding a claim or defense that such remedy at law exists.

     4.08 Court Costs and Attorneys’ Fees. If any action at law or in equity, including an
action for declaratory relief or an action brought under Section 4.07 hereof, is brought to enforce
or interpret the provisions of this Agreement, the prevailing party shall be entitled to recover
costs of court and reasonable attorneys’ fees from the other party or parties to such action, which
fees may be set by the court in the trial of such action or may be enforced in a separate action
brought for that purpose, and which fees shall be in addition to any other relief that may be
awarded.

     4.09 Inurement. Subject to the restrictions against transfer or assignment
as herein contained, the provisions of this Agreement shall inure to the benefit of, and shall be
binding on, the assigns, successors in interest, personal representatives, estates, heirs, and
legatees of each of the parties hereto.

     4.10 Notices. Any notice or other communication required or permitted to be
given hereunder shall be in writing and shall be sent by first class U.S. mail or facsimile
transmission, or delivered by hand or by overnight or similar delivery service, fees prepaid, to
the party to whom it is to be given at the address of such party set forth below or to such other
address for notice as such party shall provide in accordance with the terms of this section. Except
as otherwise specifically provided in this Agreement, notice so given shall, in the case of notice
given by certified mail (or by such comparable method) be deemed to be given and received three
business days after the time of certification thereof (or comparable act), in the case of notice so
given by overnight delivery service, on the date of actual delivery, and, in the case of notice so
given by facsimile transmission or personal delivery, on the date of actual transmission or, as the
case may be, personal delivery.

	 	 	 

	If to the Company:

	 	Myriant Lake Providence Inc.
	 

	 	c/o Myriant Technologies LLC
	 

	 	Attn: Sam McConnell
	 

	 	Sr. VP, Corporate Development
	 

	 	1 Pinehill Drive
	 

	 	Batterymarch Park II; Suite 301
	 

	 	Facsimile: (617) 657-5210
	 

	 	Email: smcconnell@myriant.com

8

 

	 	 	 

	If to the Consultant:

	 	Clear Creek Capital, LLC
	 

	 	Attn: Neal Roy
	 

	 	5950 Berkshire Lane, Suite 125
	 

	 	Dallas, TX 75225
	 

	 	Facsimile: (214) 871-8625
	 

	 	Email: nroy@clearcreekcapital.com

     4.11 Waivers. No waiver of any provision or condition of this Agreement shall be
valid unless executed in writing and signed by the party to be bound thereby, and then only to the
extent specified in such waiver. No waiver of any provision or condition of this Agreement shall be
construed as a waiver of any other provision or condition of this Agreement, and no present waiver
of any provision or condition of this Agreement shall be construed as a future waiver of such
provision or condition.

     4.12 Amendment. This Agreement may be amended only by the unanimous written consent
of all of the parties hereto.

     4.13 Entire Agreement. This Agreement contains the entire understanding between the
parties hereto concerning the subject matter contained herein. There are no representations,
agreements, arrangements, or understandings, oral or written, between or among the parties hereto
relating to the subject matter of this Agreement that are not fully expressed herein.

     4.14 Construction of Agreement. Each party and its counsel have participated fully in
the review and revision of this Agreement. Any rule of construction to the effect that ambiguities
are to be resolved against the drafting party shall not apply in the interpretation of this
Agreement.

     4.15 Execution. Each party to this Agreement hereby represents and warrants to the
other parties hereto that such party has full power and capacity to execute, deliver, and perform
this Agreement, which has been duly executed and delivered by, and which evidences the valid and
binding obligation of, such party enforceable in accordance with its terms subject to applicable
liquidation, conservatorship, bankruptcy, insolvency, reorganization, or similar laws affecting the
enforcement of creditor’s right’s from time to time in effect and to general principles of equity.

     4.16 Survival. The terms of Sections 1.03, 1.04, 1.05, 2.01, Article III, 4.01, 4.02,
4.03, 4.06, 4.07, 4.08, 4.09 and other sections which by their nature are intended to extend beyond
termination will survive termination of this Agreement for any reason.

     4.17 Multiple Counterparts. This Agreement may be executed in multiple counterparts,
including by facsimile signature, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.

9

 

     IN WITNESS WHEREOF, the parties to this Agreement have set their respective hands as of the
Effective Date.

	 	 	 	 	 
	 	THE COMPANY:

MYRIANT LAKE PROVIDENCE INC.

 	 
	 	By:  	/s/ Samuel G. McConnell
 	 
	 	 	Name:  	Samuel G. McConnell 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	THE CONSULTANT:

CLEAR CREEK CAPITAL LLC

 	 
	 	By:  	/s/ Neal Roy
 	 
	 	 	Neal Roy, President 	 
	 	 	 	 

10

 

	 	 	 	 	 

SCHEDULE A

In accordance with and subject to Section 1.03(a) hereof, the Consultant shall earn the following
Services Fees upon accomplishment by the Company of the following milestones with respect to the
Company or the Project:

	 	 	 	 	 
	Milestone	 	Services Fee Due	 
	Acceptance by the U.S. Department of Energy of a Part I submission
pursuant to 17 U.S.C. § 1703 and authorization by the U.S.
Department of Energy to submit a Part II application (regardless of
whether or not the associated filing fee is actually paid)
	 	$	25,000	 
	Approval by the U.S. Department of Energy of an application
pursuant to 17 U.S.C. § 1703
	 	$	225,000	 
	Acceptance by the U.S. Department of Agriculture of an application
for the Business & Industry loan program under 6 U.S.C. § 4279b
	 	$	25,000	 
	Conditional commitment of a Business & Industry loan program
guarantee by the U.S. Department of Agriculture under 6 U.S.C. §
4279b
	 	$	225,000	 
	Allocation of any New Market Tax Credits by any Community
Development Entity
	 	$	25,000	 
	Approval of New Market Tax Credits by any investor/purchaser
thereof
	 	$	225,000	 

11

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