Document:

EX-10.29

 Exhibit 10.29 

TECHNOLOGY EVALUATION AND 

MASTER DEVELOPMENT AGREEMENT 

This Technology Evaluation and Master Development Agreement (the “Agreement”) is made as of the 13th day of
September, 2011 (the “Effective Date”) by and between The Scotts Company LLC, an Ohio limited liability company, having its principal place of business at 14111 Scottslawn Road, Marysville, Ohio 43041, U.S.A.
(“Scotts”), and Marrone Bio Innovations, Inc., a Delaware corporation, having its principal place of business at 2121 Second Street, Suite 107B, Davis, California 95618, U.S.A. (“MBI”). Each of Scotts and MBI is
sometimes individually referred to as a “Party” and collectively referred to as the “Parties”. 

WHEREAS, Scotts is a leading provider of high-quality branded consumer lawn, garden, and household pest control
products and services. 
 WHEREAS, MBI is a leading innovator that discovers, develops, and markets effective and
environmentally responsible natural products that focus on unmet needs for weed, pest, and plant disease management. 

WHEREAS, the Parties desire to enter into this Agreement, under which MBI grants to Scotts certain rights in the
Consumer Market (defined below) to the MBI Technology Portfolio (defined below) so that Scotts may evaluate the MBI Technology Portfolio for potential commercialization by Scotts in the Consumer Market; and, in furtherance thereof, the Parties may
undertake, as applicable, certain collaborative development activities under one or more Development Projects (defined below) as detailed in a corresponding Project Plan (defined below), each Project Plan being an addendum to this Agreement and
incorporated herein by reference. 
 NOW, THEREFORE, in consideration of the foregoing, the mutual agreements,
covenants and promises contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 

Article 1. 
 STRUCTURE;
DEFINITIONS 
 1.1 Agreement Components. The Parties intend to negotiate and potentially enter into
one or more related agreements in the form of addenda to this Agreement (each of such executed addenda shall be referred to as a “Project Plan”), and such Project Plans, if entered into, will incorporate the terms of this Agreement
and will be incorporated herein by reference subject to the terms and conditions hereof. 
 1.2
Conflicts. In the event of a conflict between this Agreement and a Project Plan, the terms of this Agreement shall govern unless an individual Project Plan expressly and specifically notes the deviations from the terms of this
Agreement. 

  
 1 

 1.3    Definitions. The capitalized
terms set forth below shall have the meanings indicated. Other capitalized terms defined elsewhere in this Agreement shall have the meaning ascribed to such terms when capitalized. 

1.3.1    “Ag Market” shall mean the market(s) for direct or indirect sale or provision
of pest and weed control or plant disease management products or services for use in commercial agriculture, including but not limited to applications for foliar, soil, root, seed, plant health, plant protection and/or fertility, and also including
without limitation commercial turf and ornamental markets. 
 1.3.2    “Aquatic
Market” shall mean the market(s) for direct or indirect sale or provision of aquatic pest control products or services for use in non-residential and non-individual consumer applications, including but not limited to applications in
industrial plants, power generation plants, open water, lakes and lake associations, fisheries, golf courses and ballast or containment treatments. 

1.3.3    “Background IP” shall mean any improvement, device, prototype, product, active
ingredient, formulation, apparatus, system, method, process, technique, invention, know-how, Trade Secret, Confidential Information, or other technical, industrial, or intellectual property, for which the Intellectual Property Rights became owned or
licensed by a Party prior to the Effective Date of this Agreement, or, outside the scope of any Development Project if after the Effective Date of this Agreement, whether protectable or not in the United States or abroad by Intellectual Property
Rights. 
 1.3.4    “Commercial Supply and License Agreement” shall have the meaning
attributed to it in Section 5.1 hereof. 
 1.3.5    “Confidential Information”
shall have the meaning attributed to it in Section 7.1 hereof. 
 1.3.6    “Consumer
Market” shall mean the market(s) for direct or indirect sale or provision of consumer lawn, garden, and outdoor living products, including, without limitation, plants, flowers, trees and shrubs, fertilizer, fertilizer combination products,
seed, growing media (including, without limitation, peat and/or coir products, soil conditioning agents, turf dressings, compost, mulches, combination growing media and bark), plant foods, wetting agents, plant protection products, pesticides,
herbicides, insecticides, fungicides, rodenticides, repellents, bird food, residential outdoor surface cleaners, residential aquatic pest control and related treatments, and durable applicators, through retail channels for end-use by consumers, as
will be further narrowed by the Parties by reference to a combination of certain parameters, such as package size, labeling, advertising, positioning and classification within store, price, and targeted end user, as is customary for such consumer
lawn, garden, and outdoor living products. For purposes of clarity, the “Consumer Market” shall expressly exclude the Ag Market, the Aquatic Market, and the Professional Market. 

  
 2 

 1.3.7    “Declined MBI Technology” shall
have the meaning attributed to it in Section 3.3.3 hereof. 
 1.3.8    “Development
IP” shall mean any improvement, device, prototype, product, active ingredient, formulation, apparatus, system, method, process, invention, know-how, Trade Secret, Confidential Information, or other technical, industrial, or intellectual
property, that is conceived or first reduced to practice during a Development Project under this Agreement and an executed Project Plan, whether protectable or not in the United States or abroad by Intellectual Property Rights; except that
Development IP shall expressly exclude any improvements made anytime by anyone to active ingredient compounds within the Intellectual Property Rights owned or licensed by MBI prior to the Effective Date of this Agreement or outside the scope of any
Development Project if owned or licensed by MBI after the Effective Date of this Agreement. 
 1.3.9 “Development
Project” shall mean any development activities specific to commercialization in the Consumer Market in the Territory that may be required for an MBI Proposed Technology, or, any other collaborative development activities as may be proposed
by the Project Management Committee, if mutually agreed by the Parties, which shall be governed by a corresponding Project Plan that is duly executed on behalf of the Parties. 

1.3.10  “Disputes” shall have the meaning attributed to it in Section 12.8 hereof. 

1.3.11  “Exclusivity Fee” shall have the meaning attributed to it in Section 2.4 hereof. 

1.3.12  “Exclusivity Grant” shall have the meaning attributed to it in Section 2.1 hereof.

 1.3.13  “Exclusivity Period” shall have the meaning attributed to it in Section 2.3
hereof. 
 1.3.14  “Intellectual Property Rights” or “IP Rights” shall mean any
and all: (i) patents, patent applications, copyrights, trademarks, trade names, domain names, goodwill associated with trademarks and trade names, and designs; (ii) rights relating to inventions, innovations, know-how, Trade Secrets, and
confidential, technical, and non-technical information; (iii) moral rights, mask work rights, author’s rights, and rights of publicity; and (iv) other industrial, proprietary, and intellectual property related rights anywhere in the
world, that exist as of the Effective Date or hereafter come into existence, and all applications for, renewals of and extensions of the foregoing, regardless of whether or not such rights have been registered with the appropriate authorities in
such jurisdictions in accordance with the relevant laws. 

  
 3 

 1.3.15 “Joint Development IP” shall have the meaning attributed
to it in Section 8.2.3 hereof. 
 1.3.16 “Legacy Agreement” shall have the meaning attributed to it
in Section 2.6 hereof. 
 1.3.17 “MBI Background IP” shall mean Background IP for which the
Intellectual Property Rights became owned or licensed by MBI prior to the Effective Date of this Agreement, or, outside the scope of any Development Project if after the Effective Date of this Agreement. Further, notwithstanding anything to the
contrary in this Agreement, MBI Background IP shall also include any improvements made anytime by anyone to active ingredient compounds within the Intellectual Property Rights owned or licensed by MBI prior to the Effective Date of this Agreement or
outside the scope of any Development Project if owned or licensed by MBI after the Effective Date of this Agreement. 

1.3.18 “MBI Development IP” shall have the meaning attributed to it in Section 8.2.2 hereof. 

1.3.19 “MBI Proposed Technology” shall have the meaning attributed to it in Section 3.1 hereof. 

1.3.20 “MBI Technology Portfolio” shall mean any and all products or technologies, including but not limited
to any improvement, device, prototype, product, active ingredient, formulation, apparatus, system, method, process, invention, know-how, Trade Secret, Confidential Information, or any other technical, industrial, or intellectual property, and the
Intellectual Property Rights related thereto, owned or controlled by MBI, whether existing as of the Effective Date or otherwise later conceived during the Exclusivity Period, including but not limited to the MBI Background IP. 

1.3.21 “MTA” shall mean that certain Materials Transfer, Confidentiality and Evaluation Agreement dated
May 2, 2011 by and between the Parties. 
 1.3.22 “Professional Market” shall mean the market(s) for
direct or indirect sale or provision of pest control or plant disease management products or services through non-retail channels for end-use by professional service providers in residential and non-residential applications. 

1.3.23 “Project Management Committee” shall have the meaning attributed to it in Section 6.1 hereof.

 1.3.24 “Project Plan” shall mean the specific terms and conditions, as may be agreed upon in writing by
the Parties, that govern a corresponding Development Project, and which shall be incorporated by reference into this Agreement pursuant to Section 1.1 hereof. 

  
 4 

 1.3.25 “Scotts Background IP” shall mean Background IP for
which the Intellectual Property Rights became owned or licensed by Scotts prior to the Effective Date of this Agreement, or, outside the scope of any Development Project if after the Effective Date of this Agreement. 

1.3.26 “Scotts Development IP” shall have the meaning attributed to it in Section 8.2.1 hereof. Scotts
Development IP shall not include improvements to MBI Background IP. 
 1.3.27 “Term” shall have the mean
attributed to it in Section 10.1 hereof. 
 1.3.28 “Territory” shall mean worldwide, except as
prohibited by applicable laws or regulations. 
 1.3.29 “Trade Secret” shall mean: information including,
but not limited to, technical or nontechnical data, a formula pattern, compilation, program, device, method, technique, drawing, process, financial data, or list of actual or potential customers or suppliers which: (i) derives economic value,
actual or potential, from not being generally known to other persons who can obtain economic value from its disclosure or use; and (2) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy or
confidentiality. 
 Article 2. 

EXCLUSIVITY 

2.1    Grant of Exclusivity.  MBI hereby grants to Scotts, and Scotts hereby accepts, a
first and exclusive right, during the Exclusivity Period, to evaluate, develop, and negotiate with MBI for a separate mutually agreeable Commercial Supply and License Agreement with respect to, the MBI Technology Portfolio, for potential
commercialization within the Consumer Market in the Territory, subject to the terms and conditions of this Agreement (the “Exclusivity Grant”). 

2.2    Exclusivity.  During the Exclusivity Period, MBI hereby covenants and agrees that,
except for any Declined MBI Technology, MBI will not grant to a third party any right, during the Exclusivity Period, to evaluate, develop, or negotiate with MBI for any agreement providing rights with respect to, the MBI Technology Portfolio, for
potential commercialization within the Consumer Market in the Territory, nor will MBI assign, license, or otherwise transfer to or for the benefit of a third party any right in or to, or otherwise take any action to encumber, in whole or in part,
the MBI Technology Portfolio, or any Intellectual Property Rights related thereto, to any extent or in any manner that is inconsistent with or in violation of Scotts’ exclusive rights under the Exclusivity Grant; provided, that nothing herein
shall limit MBI’s ability to grant a security interest in any of its property, including the Intellectual Property Rights, in connection with any bank or similar financing. 

  
 5 

 2.3     Exclusivity Period.  Subject to each
Party’s right to terminate pursuant to Section 2.5 hereof and provided that Scotts fully and timely pays MBI the Exclusivity Fee according to the payment schedule pursuant to Section 2.4 hereof, the Exclusivity Period shall run from
the Effective Date for a period of five (5) years (the “Exclusivity Period”). 

2.4     Exclusivity Fee. Subject to each Party’s right to terminate the Exclusivity Period
pursuant to Section 2.5 hereof, and in consideration for the Exclusivity Grant, Scotts shall pay MBI the following payments according to the following schedule and subject to the respective conditions (collectively, the “Exclusivity
Fee”): 
 (a) A first and non-refundable payment in the amount of [*****], to be paid [*****]. 

(b) A second non-refundable payment in the amount of [*****], to be paid [*****] (the “Second Exclusivity Fee
Payment”). 
 (c) A third non-refundable payment in the amount of [*****], to be paid [*****] (the “Third
Exclusivity Fee Payment”). 
 (d) An additional non-refundable payment in the amount of [*****], to be paid upon
the [*****] (the “Commercialization Fee Payment”). For purposes of clarity, no additional payment is due under this Section 2.4 for any subsequent commercialization(s) in the Consumer Market of any additional products or
technologies within the MBI Technology Portfolio. 
 2.5    Early Termination of the Exclusivity
Period. 
 2.5.1    Declined MBI Technologies.    The Exclusivity Period
and the Exclusivity Grant shall automatically terminate with respect to each and every MBI Proposed Technology that becomes a Declined MBI Technology pursuant to Section 3.3.3 hereof. 

2.5.2    Scotts’ Right to Terminate Exclusivity.    Scotts may, at its
sole discretion and for any or no reason (for example, but not limited to, if an MBI Proposed Technology fails to meet Scotts’ efficacy criteria, business model expectations, or other performance or success criteria, etc.), terminate the
Exclusivity Period and the Exclusivity Grant in its entirety, except for any Legacy Agreements, by giving MBI prior written notice that Scotts will not pay the Second Exclusivity Fee Payment and/or the Third Exclusivity Fee Payment and thereby is
terminating the Exclusivity Period and the Exclusivity Grant in its entirety, except for any Legacy Agreements, effective as of the date the first of such payments not paid otherwise would have been due. 

  

	 [*****]
	 Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission 

  
 6 

 2.5.3    MBI’s Right to Terminate
Exclusivity.  MBI may terminate the Exclusivity Period and the Exclusivity Grant, in its entirety except for any Legacy Agreements, in the event that Scotts materially defaults in performing any obligation under this Agreement or
otherwise is in breach of any material provision of this Agreement (for example, but not limited to, failure by Scotts to timely make any payment of the Exclusivity Fee), and such default or breach continues unremedied for a period of thirty
(30) days following written notice from MBI to Scotts of such default or breach, such termination being effective as of the end of the thirty (30) day period such default or breach continues unremedied, or if such default or breach is
incapable of cure then such termination shall be immediately effective upon such written notice. During the cure period, if any, neither Party may suspend its performance under this Agreement. 

2.6    Effect of Early Termination or Expiration of Exclusivity Period; Legacy
Agreements.  Unless otherwise agreed in writing by the Parties, and notwithstanding any other provision herein to the contrary, early termination or expiration of the Exclusivity Period and Exclusivity Grant under this Section 2
shall have no impact or effect on the Parties’ rights and obligations regarding exclusivity specifically with respect to any Project Plan or Commercial Supply and License Agreement that is entered into by the Parties pursuant to this Agreement
prior to the date of such early termination or expiration of the Exclusivity Period and Exclusivity Grant (each, a “Legacy Agreement”). Any such Legacy Agreement shall remain in effect and shall continue pursuant to its respective
terms and conditions, and any applicable terms and conditions of this Agreement, including any such terms and conditions regarding exclusivity. Moreover, in the event any such Legacy Agreement results in the first commercialization in the Consumer
Market by Scotts of an herbicide or insecticide as contemplated under Section 2.4(d) hereof, Scotts shall be obligated to pay MBI the Commercialization Fee Payment, notwithstanding the early termination or expiration of the Exclusivity Period
and Exclusivity Grant. 
 Article 3. 

EVALUATION 

3.1    Disclosure of MBI Technology Portfolio; Written Notice of MBI Proposed
Technology(ies).    During the Exclusivity Period, MBI shall give to Scotts written notice, which may be delivered via electronic mail, indicating that a product or technology within the MBI Technology Portfolio has been
determined by MBI to be ready to be commercialized, or is otherwise available for consideration for potential commercialization, in the Consumer Market in the Territory. If MBI, as of the Effective Date, is commercializing (itself or through a third
party) any product or technology within the MBI Technology Portfolio in any of the Ag Market, Aquatic Market, or Professional Market, or, subsequently during the Exclusivity Period, determines to commercialize (itself or through a third party) any
product or technology within the MBI Technology Portfolio in any of the Ag Market, Aquatic Market, or Professional Market, MBI shall give to Scotts written notice, which may be via electronic mail, indicating that such product or technology within
the MBI Technology Portfolio is available for 

  
 7 

 
evaluation by Scotts for potential commercialization in the Consumer Market in the Territory (inclusive of the preceding sentence in this Section 3.1, each such individual product or
technology matter within the MBI Technology Portfolio identified and disclosed to Scotts in writing by MBI under this Section 3.1, an “MBI Proposed Technology”). 

3.2     Evaluation by Scotts.    Scotts shall evaluate each MBI Proposed
Technology for potential commercialization in the Consumer Market in the Territory as provided herein. 

3.2.1  Evaluation under MTA.  The scope and extent of any such evaluation shall be at Scotts’
sole discretion, subject to Scotts’ obligation to provide written notice pursuant to Section 3.3 hereof, and provided that any evaluation by Scotts shall be conducted pursuant to the terms and conditions, including without limitation the
confidentiality provisions, of that certain Materials Transfer, Confidentiality and Evaluation Agreement dated May 2, 2011 by and between the Parties (the “MTA”), which is incorporated herein by reference. 

3.2.2    Cooperation by MBI.  As may be reasonably requested by Scotts, MBI shall
provide Scotts with reasonable assistance and cooperation to facilitate Scotts’ efforts in carrying out any evaluation pursuant to this Section 3.2. To the extent any evaluation by Scotts is delayed as a direct result of a delay by MBI in
providing such reasonable assistance and cooperation after written notice from Scotts detailing its request, Scotts’ obligation to provide written notice pursuant to Section 3.3 hereof shall extend for a period of time commensurate to such
delay, such extension to in no event be for longer than three (3) months. 
 3.3    Scotts’
Written Notice of Interest in Commercializing.  Within [*****] from receiving written notice from MBI regarding an MBI Proposed Technology, which [*****] period may be extended by mutual written agreement of the Parties for a
reasonable period of time to accommodate agronomic requirements or limitations for performing an evaluation pursuant to Section 3.2 hereof, Scotts shall give written notice, which may be delivered via electronic mail, to MBI indicating whether
Scotts has interest, or not, in commercializing such MBI Proposed Technology in the Consumer Market in the Territory, and, if so, whether Scotts believes additional development activities specific to commercialization in the Consumer Market in the
Territory may be required as specified in Article 4 hereof. 
 3.3.1    Additional Development
Required to Commercialize.  If Scotts indicates in such written notice to MBI that Scotts believes additional development activities specific to commercialization in the Consumer Market in the Territory may be required for such MBI
Proposed Technology, the Parties shall determine, via the Project Management Committee, whether or not such additional development is required pursuant to Article 4 hereof. 

  

	 [*****]
	 Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission 

  
 8 

 3.3.2    No Additional Development Required to
Commercialize.  If Scotts indicates in such written notice to MBI, or if the Parties otherwise determine pursuant to Article 4 hereof, that no additional development activities specific to commercialization in the Consumer Market in
the Territory are required for such MBI Proposed Technology, the Parties shall proceed with good faith negotiations of a separate mutually agreeable Commercial Supply and License Agreement pursuant to Article 5 hereof. 

3.3.3    No Interest in Commercializing; Declined MBI Technology.  If Scotts indicates
in such written notice that Scotts has no interest in commercializing such MBI Proposed Technology in the Consumer Market in the Territory, or if Scotts fails to timely reply within such [*****] period, then, in each case, such MBI Proposed
Technology shall be deemed declined by Scotts and discharged from the rights and obligations of the Exclusivity Grant (each, a “Declined MBI Technology”), and, effective immediately, the Exclusivity Period and Exclusivity Grant with
respect to such Declined MBI Technology shall terminate, and MBI shall be free to explore the possibility of commercializing any such Declined MBI Technology in the Consumer Market in the Territory with a third party and such Declined MBI Technology
shall be free from further restriction or limitation of any kind under this Agreement or otherwise. 
 Article 4. 

DEVELOPMENT 

4.1    Development Projects under Project Plans.  If Scotts indicates in written notice
to MBI, pursuant to Article 3 hereof, that additional development activities specific to commercialization in the Consumer Market may be required for an MBI Proposed Technology, or, if the Project Management Committee otherwise proposes that the
Parties undertake any other collaborative development activities, the Parties shall determine, via the Project Management Committee, and if mutually agreed then put in writing in a corresponding Project Plan that is duly executed on behalf of the
Parties, the scope and extent of any such development activities that shall be performed as a Development Project under this Agreement. 

4.1.1    Requirements for Project Plans.  The Parties agree that this Agreement provides
the general framework for collaborative development activities between the Parties as one or more Development Projects, and that any special terms for each of such Development Projects shall be set forth in a corresponding Project Plan executed and
delivered by the Parties. 
 4.1.2    Content of Project Plans.  In any Project Plan,
the Parties shall consider including terms addressing the following: 
 (a) a statement of the Parties’ specific
responsibilities, deliverables, and obligations. 
 (b) timelines and milestones for deliverables and obligations. 

(c) the financial and other contributions of the Parties and related operating budgets. 

  

	 [*****]
	 Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission 

  
 9 

 (d) the Parties’ respective rights in the output of the Parties’
collaborative development activities. 
 (e) the agreed upon territory. 

(f) the term of the Project Plan and any renewal or termination rights; 

(g) any other terms and conditions that the Parties deem necessary or appropriate with respect to the subject of such Project
Plan. 
 (h) any deviations from the terms of this Agreement. 

4.2        Development Responsibilities.   Each Party shall have
responsibility for all development activities attributed to it under a Development Project in the corresponding Project Plan. 

4.2.1    General Responsibilities - MBI.  Subject at all times to the terms and
conditions of this Agreement and of any specific executed Project Plan, it is anticipated that MBI shall have responsibility under this Agreement and under any executed Project Plan for the following: 

(a) Development of effective and environmentally responsible natural products that focus on unmet needs for weed, pest, and
plant disease management, as well as technologies for the commercially feasible manufacture of such products, that MBI, in its sole discretion, deems suitable for potential commercialization in the Ag Market in one or more countries or regions
within the Territory. 
 (b) Toxicology work and regulatory registrations of active ingredient(s) and final formulation(s)
of all MBI Proposed Technology for the Ag Market. 
 (c) Formulation and stability work of all MBI Proposed Technology for
the Ag Market. 
 (d) Biology / field testing commonly performed for potential commercialization in the Ag Market for all
MBI Proposed Technology. 
 (e) Reasonable support, assistance, and cooperation to facilitate Scotts’ efforts in
carrying out any activities, such as evaluation or development activities, under this Agreement. 
 (f) Any additional
responsibilities in connection with development activities under a Development Project as described in a corresponding Project Plan. 

4.2.2    General Responsibilities - Scotts. Scotts shall have responsibility under this Agreement,
generally, and under any executed Project Plan, specifically, unless expressly and specifically stated otherwise by the Parties in such executed Project Plan, for at least the following: 

(a) All formulation and application work specific to potential commercialization in the Consumer Market of an MBI Proposed
Technology. 
 (b) All toxicology work specific to potential commercialization in the Consumer Market of an MBI Proposed
Technology. 
 (c) All regulatory registration specific to potential commercialization in the Consumer Market of an MBI
Proposed Technology. 
 (d) All biology / field testing specific to potential commercialization in the Consumer Market of an
MBI Proposed Technology. 

  
 10 

 (e) Any additional responsibilities in connection with development activities
under a Development Project as described in a corresponding Project Plan. 
 4.3    Development Costs
and Expenses. 
 4.3.1     Ag Market – Costs Borne by MBI.  Unless otherwise
agreed by the Parties in an applicable executed Project Plan, MBI, at its sole discretion, shall bear any and all costs and expenses in connection with development of an MBI Proposed Technology for potential commercialization in the Ag Market. 

4.3.2    Consumer Market – Costs Borne by Scotts.  Unless otherwise agreed by the
Parties in an applicable executed Project Plan, Scotts shall bear any and all costs and expenses in connection with development of an MBI Proposed Technology for potential commercialization in the Consumer Market. 

4.4    Project Duration.  The duration of any Development Project shall be defined in the
corresponding executed Project Plan. Unless otherwise agreed in writing by the Parties, even upon expiration or termination of the Exclusivity Period pursuant to Article 2 above, any Project Plan executed prior to such early termination or
expiration of the Exclusivity Period shall remain in effect and shall continue pursuant to the terms and conditions of the corresponding Project Plan. 

Article 5. 

COMMERCIALIZATION 

5.1    Commercial Supply and License Agreement.  For any MBI Proposed Technology, which
is not a Declined MBI Technology, for which Scotts indicates in writing to MBI pursuant to Section 3.3 above that Scotts has interest in commercializing in the Consumer Market, the Parties shall proceed, in accordance with the provisions of
this Article 5, in good faith with negotiations of a separate mutually agreeable commercial supply and license agreement under which MBI would supply a suitable form (e.g., a technical grade active ingredient, a final formulation, etc.) of such MBI
Proposed Technology to Scotts for incorporation into a finished product for commercialization by Scotts in the Consumer Market in the Territory on an exclusive basis (each, a “Commercial Supply and License Agreement”). 

5.2    Negotiation Period.  Unless otherwise agreed in writing by the Parties, as part of
a Project Plan or otherwise, the Parties shall proceed in good faith with negotiations of a separate mutually agreeable Commercial Supply and License Agreement in connection with a specific MBI Proposed Technology for a period of no longer than
[*****] from the date of receipt by MBI of the written notice from Scotts pursuant to Section 3.3 above in connection with such MBI Proposed Technology (the “Negotiation Period”). 

  

	 [*****]
	 Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission 

  
 11 

 5.3     Supplied Price.  The Parties acknowledge and agree
that, as a term of any separate mutually agreeable Commercial Supply and License Agreement, MBI shall supply a suitable form (e.g., a technical grade active ingredient, a final formulation, etc.) of the subject MBI Proposed Technology to Scotts at a
price that is: (a) [*****]. In determining [*****], the Parties shall consider any available historical price data for comparable product(s) commercialized in the Ag Market and/or Consumer Market, as applicable, [*****]. 

5.4    Exclusivity of Supply and Purchase.  The Parties acknowledge and agree that, as a
term of any separate mutually agreeable Commercial Supply and License Agreement, MBI shall supply a suitable form (e.g., a technical grade active ingredient, final formulation, etc.) of the subject MBI Proposed Technology to Scotts on an exclusive
basis in the Consumer Market for an ongoing period under such Commercial Supply and License Agreement [*****]. Under any Commercial Supply and License Agreement, Scotts will agree to exclusively purchase all of its requirements of the subject MBI
Proposed Technology from MBI. 
 5.5    Other Terms of Commercial Supply and License
Agreement.   The Parties acknowledge and agree that any separate mutually agreeable Commercial Supply and License Agreement may contain certain additional terms and conditions, further to those expressly provided for in this Article 5,
as are customary and appropriate for such an agreement. 
 5.6     Final Approval; Effect of No
Agreement.   If, upon expiration of the Negotiation Period, the Parties have not executed a Commercial Supply and License Agreement with respect to such MBI Proposed Technology, then, in each case, such MBI Proposed Technology shall be
deemed to be a Declined MBI Technology, and, effective immediately, the Exclusivity Period and Exclusivity Grant with respect to such Declined MBI Technology shall terminate, MBI shall be free to explore the possibility of commercializing any such
Declined MBI Technology in the Consumer Market in the Territory with a third party and such Declined MBI Technology shall be free from further restriction or limitation of any kind under this Agreement or otherwise. 

  

	 [*****]
	 Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission 

  
 12 

 Article 6. 

GOVERNANCE 

6.1     Project Management Committee.  The Parties shall appoint and maintain a
committee, which shall be comprised of one representative of each Party, as an advisory body to manage the Parties’ collaborative activities under this Agreement and to provide a forum for the Parties to address issues relating to this
Agreement and the activities performed hereunder (the “Project Management Committee”). 

6.2    Meetings.  The Project Management Committee shall meet (telephonically or in
person) periodically, and in any event no less than once per calendar quarter during the Term of this Agreement, to review and discuss the MBI Technology Portfolio and/or each Party’s activities under this Agreement, including but not limited
to any MBI Proposed Technology, the status of any evaluations by Scotts regarding any such MBI Proposed Technology, any Development Projects and/or a need therefor, budgets under any Project Plans and expenditures pursuant to such budgets, and the
like. In addition, the Project Management Committee shall hold special meetings (telephonically or in person) if requested by any member of the Project Management Committee or either Party. 

6.3    Authority.  The Parties agree that the Project Management Committee shall be only
an advisory body and shall have no authority to bind the Parties. The Parties may only waive, modify, or amend this Agreement or any Project Plan by a written instrument duly executed on behalf of the Parties as set forth in Section 12.16
hereof. 
 6.4    Responsibilities.    The Project Management Committee shall
have responsibility for at least the activities identified in this Section 6.4 and its subsections. 

6.4.1    New Development Projects.  The Project Management Committee shall recommend and
advise, pursuant to Article 4 hereof, whether a Development Project shall be established to perform additional development activities specific to commercialization in the Consumer Market in the Territory for an MBI Proposed Technology. Additionally,
the Project Management Committee may propose that the Parties undertake any other collaborative development activities as a Development Project under this Agreement. The details of any Development Project shall be mutually agreed by the Parties and
described in writing in a corresponding Project Plan that is duly executed on behalf of the Parties pursuant to Article 4 hereof. 

6.4.2    Target Range Price Per Unit for the Consumer Market.  Prior to commencement of
work by either Party in connection with any Development Project, the Project Management Committee shall identify a target range for the price per unit of a suitable form (e.g., a technical grade active ingredient, final formulation, etc.) of the
subject MBI Proposed Technology for potential commercialization in the Consumer Market in the Territory, which target range shall be noted in the corresponding Project Plan. In determining any such target range for the price per unit, the Parties
shall consider any available historical price data for comparable product(s) commercialized in the Consumer Market in the Territory. 

  
 13 

 Article 7. 

CONFIDENTIAL INFORMATION 

7.1    Confidential Information.  All information related to this Agreement or MBI’s
or Scotts’ business or products or technologies, written and oral, furnished, directly or indirectly, by a Party (“Discloser”) or the Discloser’s directors, officers, employees, consultants, affiliates, agents or
representatives (collectively, “Representatives”), to the other Party (“Recipient”) or Recipient’s Representatives in connection with this Agreement, including all Project Plans attachments hereto, shall be
considered Discloser’s “Confidential Information”. Notwithstanding the foregoing, the following shall not be considered Discloser’s Confidential Information: (a) information which is or becomes publicly available
other than as a result of a disclosure by Recipient or Recipient’s Representatives, (b) information which is or becomes available to Recipient on a non-confidential basis from a source which, to the best of Recipient’s knowledge after
due inquiry, is not prohibited from disclosing such information to Recipient by a legal, contractual or fiduciary obligation to Discloser, or (c) information which is independently developed by Recipient or Recipient’s Representatives
without use or reference to Discloser’s Confidential Information. Discloser’s Confidential Information shall include all tangible and electronic copies of Discloser’s Confidential Information. Discloser’s Confidential Information
shall not become non-confidential as a result of being included in documents that also contain non-Confidential Information. 

7.2    Non-Disclosure Obligation.  Recipient hereby agrees that Recipient and
Recipient’s Representatives (a) will keep the Discloser’s Confidential Information confidential and will not (except as required by applicable law, regulation or legal process, and only after compliance with Section 7.3 hereof
below), without Discloser’s prior written consent, disclose any of Discloser’s Confidential Information in any manner whatsoever, and (b) will not use any of Discloser’s Confidential Information other than in connection with its
performance and/or obligations under this Agreement. Recipient further agrees to provide access to Discloser’s Confidential Information only to those of Recipient’s Representatives who have a “need to know” such information.
Recipient shall inform all of Recipient’s Representatives who have access to Discloser’s Confidential Information of the confidential nature of the Discloser’s Confidential Information and will cause Recipient’s Representatives
to observe the terms of this Agreement. Recipient hereby agrees to be responsible for any breach of this Agreement by any of Recipient’s Representatives. Either Party may disclose the existence and terms of this Agreement in connection with a
potential acquisition of substantially the entire business of that Party or a private or public offering of either Party’s securities, and each Party may also discuss the terms of this Agreement to its counsel, accountants, directors (including
board observers), and agents in accordance with the terms of this Article 7. 
 7.3    Legally
Compelled Disclosures.  In the event that Recipient or any of its Representatives are requested pursuant to, or required by, applicable law, regulation or legal process to disclose any of the Discloser’s Confidential Information,
Recipient will notify Discloser promptly so that Discloser may seek a protective order or other 

  
 14 

 
appropriate remedy or, in Discloser’s sole discretion, waive compliance with the terms of this Agreement. In the event that no such protective order or other remedy is obtained, or that
Discloser does not waive compliance with the terms of this Agreement, Recipient will furnish only that portion of the Discloser’s Confidential Information which Recipient is advised by counsel is legally required and will exercise all
reasonable efforts to obtain reliable assurance that confidential treatment will be accorded the Discloser’s Confidential Information. 

7.4    Injunctive Relief.    Each Party agrees that if a court of competent
jurisdiction determines that the other Party has breached, or attempted or threatened to breach, its confidentiality obligations to the other Party, the other Party will be entitled to obtain appropriate injunctive relief and other measures
restraining further, attempted or threatened breaches, of such obligations. Such relief or measures shall be in addition to, and not in lieu of, any other rights and remedies available to the other Party. 

7.5    Return of Information.  Discloser may, for any reason, at any time and from time
to time, deliver a written request to Recipient for the return of all, or a portion, of the Discloser’s Confidential Information in the possession of Recipient or Recipient’s Representatives. Upon receiving such written request from
Discloser, (a) Recipient shall promptly destroy or deliver to Discloser (as practical) all of Discloser’s Confidential Information that is the subject of Discloser’s request, and any copies thereof, in Recipient’s or
Recipient’s Representatives’ possession, and (b) neither Recipient nor any of Recipient’s Representatives shall retain any copies thereof. Any oral Confidential Information will continue to be subject to the terms of this
Agreement. 
 Article 8. 

INTELLECTUAL PROPERTY 

8.1    Background IP. 

8.1.1    MBI Background IP.  As between the Parties, MBI owns or retains all right,
title, and interest in the MBI Background IP. 
 8.1.2    Scotts Background
IP.    As between the Parties, Scotts owns or retains all right, title, and interest in the Scotts Background IP. 

8.1.3    Limited License to Scotts.    Subject to the terms and conditions
hereof and the terms and conditions of the MTA, MBI hereby grants to Scotts a limited, non-sublicensable and non-transferable license (or sublicense, as applicable) under the MBI Background IP to the extent necessary for Scotts to perform
evaluations under the terms of this Agreement and the MTA of MBI Proposed Technology and any development activities under a Development Project as detailed in a corresponding executed Project Plan. For purposes of clarity, Scotts shall have no
rights in the MBI Background IP for purposes of commercialization unless and until the Parties enter into a separate mutually agreeable Commercial Supply and License Agreement. The license 

  
 15 

 
granted in this Section 8.1.3 will continue for the Term of this Agreement, or, as to any MBI Proposed Technology that is the subject of an executed Project Plan, the term of such Project
Plan, unless this Agreement, or such Project Plan, is earlier terminated in accordance with Article 10 or otherwise. 

8.1.4    No Other License.  Except as expressly provided herein, and unless otherwise
agreed in writing by the Parties, neither Party grants to the other Party any right or license under or to its respective Background IP. 

8.2    Development IP. 

8.2.1    Ownership by Scotts; License to MBI.  Subject to the terms and conditions
hereof, Scotts shall solely own any and all Development IP that may arise under this Agreement and (A) is derived from solely (i) Scotts Background IP or Scotts’ Confidential Information, or (ii) contributions by one or more of
Scotts’ employees, and (B) is not an improvement to an active ingredient compound within the MBI Background IP (collectively, the “Scotts Development IP); and, subject to negotiation by the Parties of a separate mutually
agreeable reasonable royalty-bearing license agreement, Scotts will grant to MBI an exclusive, reasonable royalty-bearing, worldwide license to such Scotts Development IP, with a right to sublicense, for use solely outside the Consumer Market. For
purposes of clarity, MBI shall have no rights to use any Scotts Development IP outside the Consumer Market or otherwise, unless and until the Parties enter into a separate mutually agreeable licensing agreement under which MBI would pay Scotts a
reasonable royalty for such rights. Further, during the Term of this Agreement, other than to MBI, Scotts shall not grant to a third party any license or right to any Scotts Development IP outside of the Consumer Market, nor shall Scotts itself use
the Scotts Development IP in any market or markets other than the Consumer Market. 

8.2.2    Ownership by MBI.  MBI shall solely own any and all Development IP that may
arise under this Agreement and is derived from solely (i) MBI Background IP or MBI’s Confidential Information, or (ii) contributions by one or more of MBI’s employees (collectively, the “MBI Development IP”); and
all such MBI Development IP immediately and automatically becomes part of the MBI Technology Portfolio and subject to Scotts’ exclusive rights under the Exclusivity Grant. For purposes of clarity, Scotts shall have no rights in the MBI
Development IP for purposes of commercialization unless and until the Parties enter into a separate mutually agreeable Commercial Supply and License Agreement. 

8.2.3    Joint Ownership.  Unless otherwise agreed in a separate written and executed
agreement by the Parties, notwithstanding the provisions of Sections 8.2.1 and 8.2.2 above, the Parties shall jointly own any and all Development IP that may arise under this Agreement and (A) is derived from a combination of (i) Scotts
Background IP or Scotts’ Confidential Information and MBI Background IP or MBI Confidential Information, or (ii) contributions by one or more of Scotts’ employees and contributions by one or more of MBI’s employees, and
(B) is not an improvement to an active ingredient compound within the MBI Background IP (collectively, the “Joint 

  
 16 

 
Development IP”); provided that neither Party shall have any rights in the Joint Development IP for purposes of commercialization (by itself or via any third party) unless and until
the Parties enter into a separate mutually agreeable reasonable royalty-bearing license agreement under which the Parties shall specify rights and obligations as between the Parties with respect to the Joint Development IP. 

8.2.4    Patents; Further Assistance.  Each Party may, at its sole discretion and at its
own expense, file one or more applications for patents directed to its respective Background IP or Development IP. The other Party shall promptly execute and deliver any assignments, descriptions, or other instruments as may be necessary or proper
in the reasonable opinion of the first Party to vest in the first Party title to its respective Background IP or Development IP and to enable the first Party to obtain and maintain the entire right and title to its respective Background IP or
Development IP throughout the world. The other Party shall also render to the first Party, at the first Party’s expense, such assistance as the first Party may reasonably require in the preparation and prosecution of applications for patents in
connection with its respective Development IP, and in any litigation in which the first Party may be involved relating to its respective Background IP or Development IP. For any Joint Development IP, each Party shall confer in good faith with the
other to decide whether and when to file one or more applications for patents directed to the same, select suitable patent counsel, agree upon how costs shall be handled, and the like. For purposes of clarity, in any event, neither Party shall file
an application for patent directed to any Joint Development IP without providing thirty (30) days prior written notice to the other Party. Each Party shall promptly execute and deliver any assignments, descriptions, or other instruments as may
be necessary or proper in the reasonable opinion of either Party to vest in each Party joint title to the Joint Development IP and to enable each Party to obtain and maintain the entire joint right and title to the Joint Development IP throughout
the world. 
 Article 9. 

REPRESENTATIONS AND WARRANTIES; DISCLAIMER 

9.1    Representations.  Each Party represents, warrants and covenants to the other that:
(a) it has the full power and authority to enter into and fully perform this Agreement; (b) it has sufficient right and authority to grant all licenses and rights granted or agreed to be granted by it hereunder to the other Party; and
(c) at all times, it will comply with all applicable material international, federal, national, state, provincial, and local laws, treaties, directives, and/or regulations. 

9.2    Disclaimer of Other Warranties.  THE WARRANTIES SET FORTH IN THIS AGREEMENT
AND IN ANY EXECUTED PROJECT PLAN, IF ANY, ARE THE EXCLUSIVE WARRANTIES AND ARE IN LIEU OF ALL OTHER WARRANTIES, AND NEITHER MBI NOR SCOTTS MAKES ANY OTHER WARRANTIES, EXPRESS OR IMPLIED OR STATUTORY, INCLUDING WARRANTIES OF MERCHANTABILITY,
NONINFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE, PERFORMANCE, NONINTERRUPTION OF 

  
 17 

 
OPERATION, OR RESULTS WHICH MAY BE OBTAINED FROM ANY ACTIVITY HEREUNDER. MBI ASSUMES NO RESPONSIBILITIES WHATSOEVER WITH RESPECT TO THE USE, SALE OR OTHER DISPOSITION BY SCOTTS OF ANY PRODUCTS OR
TECHNOLOGY. 
 9.3    LIMITATION OF LIABILITY.    EXCEPT FOR (A) BREACH
BY EITHER PARTY OF ARTICLE 7 (CONFIDENTIALITY) OR BREACH BY EITHER PARTY OF ARTICLE 8 (INTELLECTUAL PROPERTY), OR (B) IN CONNECTION WITH ANY INFRINGEMENT OR MISAPPROPRIATION OF THE INTELLECTUAL PROPERTY OF A PARTY BY THE OTHER PARTY, TO THE
MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT AND UNDER NO LEGAL THEORY IN TORT (INCLUDING NEGLIGENCE), CONTRACT, OR OTHERWISE, INCLUDING ANY EQUITABLE THEORY, SHALL EITHER PARTY OR ITS AFFILIATES BE LIABLE TO THE OTHER PARTY FOR ANY LOST PROFITS OR
REVENUES OR FOR ANY INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL OR PUNITIVE DAMAGES, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER ARISING UNDER, OUT OF, IN RELATION TO, OR IN CONNECTION WITH THIS AGREEMENT OR
ANY PROJECT PLAN, OR ITS NEGOTIATION, PERFORMANCE, TERMINATION, OR ANY OTHER MEANS, AND REGARDLESS OF THE FORM OF ACTION UPON WHICH A CLAIM FOR SUCH DAMAGES MAY BE BASED. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, BOTH PARTIES AGREE THAT IF
ANY REMEDY HEREUNDER IS DETERMINED TO HAVE FAILED OF ITS ESSENTIAL PURPOSE, ALL LIMITATIONS OF LIABILITY AND EXCLUSION OF DAMAGES SET FORTH HEREIN SHALL REMAIN IN EFFECT. 

Article 10. 
 TERM AND
TERMINATION 
 10.1    Term.  The term of this Agreement shall commence on the
Effective Date and continue until the earlier of: (a) the termination or expiration of the Exclusivity Period, or (b) the termination or expiration of this Agreement in accordance with this Article 10 (the “Term”). The
Parties may extend the Term on terms mutually agreed upon in writing by the Parties. The provisions of Articles 7, 8, 9, 10, 11 and 12 of this Agreement shall survive the termination or expiration of this Agreement to the extent applicable to any
executed Project Plans the terms of which extend beyond the termination or expiration date of this Agreement. 

10.2    Termination Upon Default or Breach.  Either Party may terminate this Agreement in
the event that the other Party materially defaults in performing any obligation under this Agreement or otherwise is in breach of any material provision of this Agreement and such default or breach continues unremedied for a period of thirty
(30) days following written notice of such default or breach, such termination being effective as of the end of the thirty (30) day period if such default or breach continues unremedied, or, in the event that the other Party materially
defaults or breaches this Agreement in a manner that is incapable of cure, then this Agreement will automatically 

  
 18 

 
terminate upon notice from the non-defaulting, non-breaching Party. During a cure period, if any, neither Party may suspend its performance under this Agreement. 

10.3    Termination Upon Insolvency.    Either Party may terminate this
Agreement: (a) upon the institution of insolvency, receivership of bankruptcy proceedings or any other proceedings for the settlement of debts of the other Party; (b) upon the making of an assignment for the benefit of creditors by the
other Party; or (c) upon the dissolution of the other Party. 
 Article 11. 

INDEMNIFICATION 

11.1    Indemnity for MBI; Product Liability.    Scotts shall indemnify, hold
harmless and defend MBI, its affiliates and subsidiaries, and its and their respective employees, officers, and directors from and against any and all liabilities, losses, claims, judgments, assessments, obligations, penalties, damages, costs, and
expenses (including reasonably incurred attorneys’ fees) (collectively, “Damages”), resulting from, or arising out of (i) Scotts’ material breach of any of its duties or obligations under this Agreement, and/or
(ii) the willful misconduct of Scotts, its employees, or agents in the performance of Scotts’ duties and obligations, including its representations and warranties, under this Agreement. Scotts shall also indemnify, hold harmless and defend
MBI, its affiliates and subsidiaries, and its and their respective employees, officers and directors from and against any and all Damages suffered by Scotts, or purchasers or users of any products sold by or for Scotts, or any other party, resulting
from, or arising out of, personal injury, death, or property damage related to the manufacture, use, sale or import of such products in the Consumer Market (“Product Liability”), but only to the extent such Damages are not expressly within
the MBI Product Liability Indemnity (as defined below). 
 11.2    Indemnity for Scotts; Product
Liability.    MBI shall indemnify, hold harmless and defend Scotts, its affiliates and subsidiaries, and its and their respective employees, officers and directors from and against any and all Damages resulting from or
arising out of (i) MBI’s material breach of any of its duties or obligations under this Agreement, (ii) the willful misconduct of MBI, its employees or agents in the performance of MBI duties or obligations, including its
representations and warranties, under this Agreement, and/or (iii) a claim of infringement by MBI’s IP Rights of a valid third party patent, trade secret, or other intellectual property right to the extent such claim is based solely upon
Scotts’ use of MBI Proposed Technology in compliance with this Agreement (and not with any IP Rights of Scotts or any third party); provided that nothing in this Agreement shall limit MBI’s ability to enter into any license or other
agreement as necessary to make any MBI IP Rights non-infringing or modify any IP Rights so as to be non-infringing (and to replace any such otherwise used hereunder). MBI shall also indemnify, hold harmless and defend Scotts, its affiliates and
subsidiaries, and its and their respective employees, officers and directors from and against any and all Damages resulting from, or arising out of Product Liability claims, but only to the extent such Damages are attributable to MBI Proposed
Technology used in accordance with the 

  
 19 

 
terms and conditions of any applicable Commercial Supply and License Agreement and such Damages could not have been avoided by the use of such MBI Proposed Technology in unmodified form or
without combination with other technologies or compounds (the “MBI Product Liability Indemnity”). 

11.3    Notice.    In any action covered by the above indemnifications, and to
obtain indemnification from the other Party under this Article 11, the Party requesting indemnification must: (i) notify the indemnifying Party in writing promptly after the Party requesting indemnification receives notice of the claim or
allegation; (ii) allow the indemnifying Party to have sole control of the defense and all related settlement negotiations; and (iii) provide the indemnifying Party with reasonable assistance, information and authority as necessary to
perform its obligations under this Article 11. The indemnifying Party may direct the defense by counsel of its own choice, and the Party requesting indemnification shall be given the opportunity to participate in such defense, and to be
represented by counsel of its own choice and to direct its own defense, but in such case, it shall bear its own counsel fees and expenses. 

11.4    Exception to Indemnity. The indemnity provisions of this Article 11, and the obligations to
provide indemnification hereunder, shall not apply to the extent that the Party requesting indemnification is at fault or the claims at issue are or reasonably likely to be less than [*****]. The indemnity provisions of this Article 11 shall survive
any termination of this Agreement. 
 Article 12. 

MISCELLANEOUS PROVISIONS 

12.1    Survival.  The provisions of Sections 2.4(d), 2.6 and 10.1 and Articles 7, 8, 9,
11, and 12 shall survive termination of this Agreement. All other rights and obligations of the Parties shall cease upon termination of this Agreement. 

12.2    Relationship of Parties.  This Agreement does not create, and shall not be deemed
to create, a partnership, joint venture, agency or any similar relationship or arrangement between the Parties hereto. In carrying out its duties and performing its obligations hereunder, each of the Parties hereto is acting as an independent
contractor, and the employees, subcontractors, agents, or other representatives of one of them shall not be deemed to be employees, subcontractors, agents, or other representatives of the other. 

12.3    Publicity.  Upon execution of this Agreement or any Project Plan hereunder, and
from time to time with each Party’s consent, the Parties shall issue a mutually agreed upon press release or other promotion describing the general nature of such agreement(s) between or activities by the Parties. These shall include joint
announcements on discovery and commercialization and joint presentations at company or industry events. Otherwise, neither Party may make public use of the other Party’s name, proprietary marks, product names, or otherwise refer to or identify
the other Party, 

  

	 [*****]
	 Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission 

  
 20 

 
or its divisions and/or subsidiaries, in any advertising, publicity releases, or promotional or marketing correspondence, except to the extent required by law and except as provided in Article 7
above, without securing the prior written consent of such other Party. 

12.4    Counterparts.    This Agreement may be executed in any number of
counterparts, all of which constitute one and the same instrument, and any Party may execute this Agreement by signing and delivering one or more counterparts. 

12.5    Assignment.  Neither Party may, by operation of law or otherwise, assign,
sublicense, or otherwise transfer any of its right or obligations under this Agreement without the prior written consent of the other Party, such consent not to be unreasonably withheld. Notwithstanding the preceding, either Party may assign,
transfer, or otherwise delegate all of its rights and obligations under this Agreement to any successor in interest or purchaser of all or substantially all of its assets, provided that the assignor undertakes to inform in writing the other Party as
soon as reasonably possible. Any prohibited assignment, sublicense, or transfer shall be null and void. This Agreement shall bind, benefit, and be enforceable by and against both Parties and their respective successors and permitted assigns. 

12.6    Notices.  Except as expressly provided otherwise in this Agreement, all notices,
consents, and other communications required or permitted under this Agreement shall be in writing and sent via courier, postage prepaid, with a soft copy via electronic mail or transmitted by facsimile transmission, to the address specified below,
or such other address as either Party may indicate by notice to the other Party: 
  

			
	 If to Scotts:
	  	 If to MBI:

		
	 [*****]

[*****]
 Global R&D Outdoor
Living
  
 The Scotts Company LLC

14111 Scottslawn Road
 Marysville,
Ohio 43041, U.S.A.
  
 [*****]
	  	 Pamela G. Marrone

Founder & CEO
  

Marrone Bio Innovations, Inc.

2121 Second Street, Suite 107B

Davis, California 95618, U.S.A.
  

PHONE 530-750-2800
 FAX
530-750-2808
 [*****]

 12.7    Applicable Law.  This Agreement shall be governed
by the internal substantive laws of the State of Delaware, United States of America, without regard to conflict of laws principles. 

12.8    Disputes.  Other than as provided in Article 2 or Article 10, any and all
disputes arising under, out of, or in relation to this Agreement, its formation, performance or termination (“Disputes”) shall initially be referred to the Project Management 

  

	 [*****]
	 Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission 

  
 21 

 
Committee. If the Project Management Committee cannot resolve a Dispute within thirty (30) days of referral, the Dispute shall be referred to senior management from both Parties, who shall
meet and attempt to resolve the Dispute. If the Dispute has still not been resolved within fourteen (14) days of such referral, either Party may institute legal proceedings in accordance with Sections 12.7, 12.9, and 12.10 hereof. Other than as
provided in Article 2 or Article 10, the dispute resolution procedure set forth in this Section 12.8 is mandatory, and neither Party shall institute legal proceedings until it has been exhausted, provided, that either Party may resort to court
action for injunctive relief at any time if, in such Party’s good faith belief, the delay associated with the dispute resolution processes set forth in this Section 12.8 would permit or cause irreparable injury to such Party or any third
party claiming against such Party. 
 12.9    Jurisdiction and
Venue.    Disputes that have not been resolved in accordance with the Section 12.8 hereof shall be finally and conclusively determined by a bench trial in a state or federal court sitting in the State of Delaware. MBI
and Scotts expressly consent and submit to the personal jurisdiction of any state or federal court sitting in the State of Delaware. Both Parties further consent, submit to, and agree that venue in any such suit, action, proceeding, or claim is
proper in said court and further expressly waive any and all personal rights under applicable law or in equity to object to the jurisdiction and venue of said court. MBI and Scotts hereby irrevocably waive, to the fullest extent permitted by
applicable law, any and all right such Party has to a trial by jury in any litigation between them arising under, out of, or in relation to this Agreement, its formation, performance, or termination. 

12.10    Attorneys’ Fees.  If any legal action is necessary to enforce the terms of
this Agreement, the prevailing Party will be entitled to reasonable attorneys’ fees, costs, and expenses in addition to any other relief to which such prevailing Party may be entitled. 

12.11    No Waiver.  The failure by a Party to exercise any right hereunder shall not
operate as a waiver of such Party’s right to exercise such right or any other right in the future. No waiver of any breach of this Agreement shall constitute a waiver of any other breach of the same or other provisions of this Agreement, and no
waiver shall be effective unless made in writing and signed by an authorized representative of the Party waiving the breach. 

12.12    Force Majeure.  Neither Party shall be considered in default or incur any
liability hereunder due to any material failure in its performance of this Agreement should such failure arise out of causes beyond its control, including, without limitation, work stoppages, fires, riots, accidents, floods, storms, or failures of
communications or software. The time for performance shall be extended for a period equal to the duration of the conditions preventing performance; provided, however, that such extension may not exceed thirty (30) days without the written
consent of the performing Party. In such event, after the 30-day window or such other longer term as may be agreed between the Parties, the performing Party may terminate this Agreement upon written notice to the non-performing Party. 

  
 22 

 12.13    Severability.  Each of the
covenants of the Parties contained in this Agreement shall be deemed and shall be construed as a separate and independent covenant and should any provision of any such covenants be held or declared invalid, illegal or unenforceable by any court of
competent jurisdiction, such invalidity, illegality, or unenforceability shall in no way render invalid or unenforceable any other part or provision thereof or any other covenant of the Parties not held or declared invalid, and this Agreement shall
be construed as if such invalid, illegal, or unenforceable provision were not contained herein. Furthermore, it is the intention of the Parties hereto that such provision determined to be illegal, invalid, or otherwise unenforceable, to the
extent possible, shall be reformed and construed in a manner which would be valid and enforceable to the maximum extent of the law. 

12.14    Section Headings; Attachments.    The section and subsection headings
used herein are for reference and convenience only, and shall not affect the interpretation hereof. 

12.15    Third Party Beneficiaries.  This Agreement and the rights and obligations
created under it shall be binding upon and inure solely to the benefit of the Parties hereto and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended or should be construed to confer upon
any other person any right, remedy or claim under or by virtue of this Agreement. 
 12.16    Entire
Agreement; Amendment and Waiver.    Each Party acknowledges that it has read this Agreement, understands it, and agrees to be bound by its terms, and further agrees that this Agreement, any Project Plans, and the MTA, each of
which are incorporated herein, constitute the complete and exclusive statement of the agreement between the Parties and supersedes and merges all prior proposals, understandings, and all other agreements, oral and written, between the Parties
relating to the subject matter of this Agreement. No purchase order, or other ordering or confirming document or any handwritten or typewritten text issued by either Party which purports to modify or supplement the text of this Agreement shall add
to or vary the terms of this Agreement. This Agreement may not be modified or altered, and its terms may not be waived, except by a written instrument duly executed on behalf of the Parties (or, in the case of waiver, by the Party against whom such
waiver is to be enforced). 
 [Signatures Appear on the Following Page] 

  
 23 

 IN WITNESS WHEREOF, the Parties have caused this Technology Evaluation and
Master Development Agreement to be duly executed by their respective officers duly authorized therefor and to be effective as of the Effective Date. 
  

			
	 SCOTTS:

	
	 The Scotts Company LLC

		
	 By: 
	 	 /s/ Steve Titko

			
		
	 Name:
	 	 Steve Titko

			
		
	 Title:
	 	 V.P. Global Innovation

  

			
	 MBI:

	
	 Marrone Bio Innovations, Inc.

		
	 By: 
	 	 /s/ Pam Marrone

			
		
	 Name:
	 	 Pamela G. Marrone

			
		
	 Title:
	 	 CEO & Founder

  
 24EX-10.30

 Exhibit 10.30 
 ASSET PURCHASE AGREEMENT 
 This ASSET PURCHASE
AGREEMENT (the “APA”) is entered into as of this 25th day of May, 2012, by and between Thomas Tibble, as Bankruptcy Trustee and not individually (“Trustee”) for Michigan BioDiesel, LLC (“Debtor”), a Michigan limited
liability company and the debtor in Case No. 10:0578-swd, United States Bankruptcy Court for the Western District of Michigan (the “Bankruptcy Case”), and Marrone Bio Innovations, Inc., a Delaware corporation or its assignee
(“Buyer”). 
 WHEREAS, Debtor owns the real property and fixtures located at 700 Industrial Parkway, Bangor, MI
49013 (the “Facility”), and the equipment located at the Facility. 
 WHEREAS, Trustee, on behalf of the
Debtor’s bankruptcy estate, and Buyer are entering into this asset purchase agreement (“APA”) pursuant to which the Trustee has agreed to sell and Buyer has agreed to purchase the Acquired Assets as defined herein. 

WHEREAS, Debtor has filed for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Western
District of Michigan (“U.S. Bankruptcy Court”) and Trustee has been appointed the Chapter 11 Trustee for the Debtor in the Bankruptcy Case. 
 WHEREAS, this APA is intended to comply with the requirements of the U.S. Bankruptcy Court, including the Bidding Procedures embodied in an Order Approving Bidding Procedures dated April 24, 2012
entered by the U.S. Bankruptcy Court in the Bankruptcy Case. 
 NOW, THEREFORE, in consideration of the premises and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I 
 PURCHASE AND SALE OF ASSETS 

 1.1 Acquired Assets. Upon the terms and subject to the conditions set forth in
this Agreement, Trustee shall sell, transfer, convey, assign and deliver to Buyer, and Buyer shall purchase and acquire from Trustee, free and clear of all liens, pledges, mortgages, security interests, claims, interests and encumbrances of any
nature whatsoever, all right, title and interest of the Debtor and Trustee in and to (i) the Facility (which term includes, without limitation, all real property and fixtures comprising the premises legally described in attached Exhibit A or
included within the tax parcel numbers listed in attached Exhibit A, together with all hereditaments and appurtenances thereto and easements benefiting such premises, and all pipes, lines, poles, wires, controls, switches, pumps and other apparatus
and fittings necessary for or related to the HVAC, plumbing, electrical, mechanical, water, sewer and other systems at or serving the Facility, to the full extent of the right, title and interest of the Debtor or Trustee), and (ii) the
equipment of Debtor listed in attached Exhibit B (collectively, the “Acquired Assets”). For purposes hereof, Acquired Assets includes all unexpired warranties and guaranties and claims under insurance policies relating to any of the
items of property sold to Buyer pursuant to this APA, as well as any existing environmental permits (including without limitation, air and water discharge and soil erosion permits) and other existing permits and licenses associated with the items of
property sold to Buyer pursuant to this APA. 
 1.2 Conveyance of Acquired Assets. The sale, transfer, conveyance,
assignment and delivery of the Acquired Assets provided for in this Article I shall be made by the documentation which shall include all good and sufficient instruments of conveyance and transfer as shall be necessary to vest in Buyer as of the
Closing Date title to the Acquired Assets being sold, transferred, conveyed, assigned and delivered hereunder, which documentation shall include, 

  
 2 

 
without limitation, a Trustee’s deed in recordable form and otherwise meeting all statutory requirements. 
 Trustee shall obtain and provide to Buyer at Trustee’s expense (except that Buyer shall be responsible for paying any incremental premium amount due for increasing the coverage amount beyond
$250,000.00) a standard ALTA owner’s policy of title insurance in the amount of Six Hundred Thousand Dollars ($600,000.00), insuring marketable title vested in Buyer, effective as of the Closing Date. A commitment to issue such a policy
insuring marketable title vested in Buyer, including a tax status report, shall be made available to Buyer at least 10 days before the Closing Date. Buyer shall have the right to terminate this APA and receive a refund of its entire Earnest Money
Deposit if in the reasonable opinion of Buyer, due to recorded documents affecting title, title to the Facility is not marketable or otherwise reflects exceptions, encumbrances, covenants, restrictions or limitations that, in Buyer’s reasonable
opinion, could have a materially adverse effect on or limit Buyer’s ability to use and operate the Facility as it is currently or was historically used by the Debtor, or for other available uses in the City of Bangor M-1 zoning district.

 1.3 “As Is, Where Is” Sale. Buyer acknowledges to and in favor of Trustee that Buyer has relied upon
its own investigations and inspections of the Acquired Assets and that Buyer is responsible to conduct its own inspections and investigations of all matters and things connected with or in any way related to the Acquired Assets and that, subject to
the conditions and contingencies in this APA, Buyer has satisfied itself with respect to the Acquired Assets and all matters and things connected with or in any way related to the Acquired Assets. In addition, Buyer acknowledges that Buyer has
relied upon its own investigation and inspections in entering into this APA, that Buyer is purchasing the Acquired Assets on an “as is, where is” basis as of 

  
 3 

 
the Closing Date without any representation or warranty whatsoever, and that Buyer will accept the Acquired Assets in their present state, condition and location, subject to the Buyer’s
conditions and contingencies in this APA. Buyer hereby acknowledges that Trustee has made no representations, warranties, statements or promises with respect to the Acquired Assets, including without limitation any pertaining to title, description,
fitness for purpose, merchantability, quantity, conditions or the quality of any matter or thing whatsoever, and any and all conditions and warranties expressed or implied by law do not apply to the sale of the Acquired Assets and are hereby waived
by Buyer. This Section does not affect or limit the representations and warranties of the Trustee set forth in this APA. 
 1.4
Buyer Not Purchasing Business of Debtor, Not a Successor to Debtor. It is expressly acknowledged that Buyer is not purchasing (among other items) the inventory, work in process, goodwill, name, brand, business, business records or business
operations of Debtor, and that Buyer is not a successor to Debtor, whether as to Debtor’s business, business operations, name, brand, inventory, work in process or otherwise. It is also expressly acknowledged that Buyer is not purchasing the
Debtor’s cash, bank deposits, accounts receivable and causes of action under Chapter 5 of the United States Bankruptcy Code, nor any causes of action, choses in action and claims, including insurance claims (other than claims under insurance
policies relating to any of the items of property sold to Buyer pursuant to this APA), against other persons and entities that the Debtor and/or Trustee have. 
 1.5 Access to Business Records of Debtor. For a period not to exceed 120 days after Closing, Trustee shall have access (during regular business hours) to any of Debtor’s business records
located at the Facility, as may be necessary to enable the Trustee to administer the Debtor’s bankruptcy estate, including but not limited to the records necessary to prepare tax 

  
 4 

 
returns on behalf of the Debtor. Trustee shall remove all of Debtor’s business records from the Facility within 120 days after Closing. 

ARTICLE II 

PURCHASE PRICE 
 2.1 Purchase Price. The purchase price (the “Purchase Price”) for the Acquired Assets shall be the sum of (i) One Million One Hundred Ten Thousand Dollars ($1,110,000.00)
plus (ii) an amount, not to exceed Forty Thousand Dollars ($40,000.00), awarded by the U.S. Bankruptcy Court in the Bankruptcy Case to Energy Suppliers, LLC as a stalking horse fee, which shall be evidenced by an Order confirming same
(the “Purchase Price”). 
 2.2 Earnest Money Deposit/Breach. Buyer has deposited with the Trustee a
$60,000 Earnest Money Deposit which will be held by Trustee pending the Closing. At the Closing, the Earnest Money Deposit shall be paid to Trustee and credited toward payment of the Purchase Price. At the Closing, the Buyer shall pay the remaining
balance of the Purchase Price to the Trustee in cash, bank check or wire transfer. Notwithstanding anything to the contrary contained herein, if the Closing is not consummated after all conditions are met and as a result of Buyer’s failure to
perform any of its obligations hereunder, the sum of $30,000 of the Earnest Money Deposit shall be forfeited and immediately paid to Trustee, and this Agreement shall terminate without further recourse to the parties. Notwithstanding anything to the
contrary contained herein, if the Closing is not consummated as a result of Trustee’s failure to perform any of his obligations hereunder or due to the failure to satisfy any of the conditions precedent set forth in Section 1.2 or Article
X hereof, the Earnest Money Deposit shall be immediately returned to Buyer and this Agreement shall terminate without further recourse to the parties. 
 2.3 United States Dollars. Buyer and Trustee acknowledge and agree that all amounts in dollars set forth in this Agreement are in United States dollars. 

  
 5 

 2.4 Closing Adjustments. The following adjustments shall be made between the
parties as of the close of business on the Closing Date with the Buyer receiving a credit or assuming responsibility, as the case may be, for amounts attributed to time periods following the Closing Date: 

A. Property Taxes. Trustee shall pay all real estate and personal property taxes and special assessments that
will have come due prior to the Closing Date. Buyer shall receive a credit for the real and personal property taxes that become due during the 2012 calendar year for the pro-rata portion of the calendar year that has passed as of the Closing Date.
The credit shall be calculated by a fraction whose numerator is the number of days that have passed in 2012 and whose denominator is 365 days. The fraction shall be multiplied by the total estimated real and personal property taxes that will become
due during 2012. 
 B. Utilities. The parties shall notify all utilities to transfer service to Buyer
as of the Closing Date. The Trustee shall be responsible for any utility charges incurred through the Closing Date. Buyer shall be responsible for any utility charges incurred after the Closing Date. 

C. Transferable Service Contracts. To the extent requested by Buyer, Trustee shall transfer any transferable
service contracts relating to the Acquired Assets to Buyer. Trustee shall be responsible for any amounts owing under the transferable service contracts through the Closing Date. Buyer shall be responsible for any charges under the transferable
service contracts after the Closing Date. Buyer shall have the option to not assume any or all of the service contracts and instead have the Trustee terminate any such service contract or contracts. In the event Buyer elects not to assume any
transferrable 

  
 6 

 
service contract, Buyer shall have no responsibility for any amounts owed under the any such service contracts. Trustee will provide to Buyer true copies of all service contracts relating to the
Acquired Assets at least 10 days before the Closing Date to permit Buyer an opportunity to review same. 
 D.
Special Assessments. Special assessments which are due and payable, or a lien, or both, on any part of the Acquired Assets on or before the Closing Date, shall be paid by Trustee. All other special assessments for improvements now
installed or in the process of being installed, but not yet due and payable, or a lien, or both, shall be paid by the Buyer. 
 E. Sales/Use Tax; Transfer Tax. All sales and use taxes, and all transfer taxes, payable in connection with or with respect to the sale of the Acquired Assets and/or the recording of the deed for
the Facility, shall be paid by Trustee; provided, however, that that Buyer shall be responsible for paying any incremental deed transfer tax due for increasing the portion of the Purchase Price allocated to the real estate beyond $250,000.00.

 ARTICLE III 
 NON-ASSUMPTION OF ANY LIABILITIES 
 3.1 No Assumption of
Liabilities. With the sole exception of any service contracts transferred to Buyer pursuant to Section 2.4(C) above, Buyer does not assume and shall not in any manner become responsible or liable for, any agreements, debts,
obligations, responsibilities or liabilities of Debtor or Trustee of any nature whatsoever or for any claims against Debtor or any of the Acquired Assets, whether known or unknown, fixed, contingent or otherwise, including, without limitation, any
debts, obligations, or other liabilities directly or indirectly 

  
 7 

 
arising out of, or resulting from Debtor’s or Trustee’s ownership or use of the Acquired Assets or the operation of Debtor’s business prior to the Closing Date. 

ARTICLE IV 

ADDITIONAL COVENANTS OF PARTIES 
 4.1 Access Period, Use and Possession. From the date of this Agreement until the earlier of the Closing Date and the date on which this Agreement is terminated (the “Access
Period”), Trustee shall allow Buyer and its representatives, lawyers and consultants access to the Acquired Assets. Buyer’s access shall be at times mutually agreed upon by Buyer and Trustee, but shall be reasonable to Buyer.

 Debtor will continue to maintain the Acquired Assets in the ordinary course, consistent with past practice, between the date
of execution of this APA and the closing on the purchase of the Acquired Assets. Trustee will promptly provide Buyer with notice of any damage to or material adverse change in the Acquired Assets. With the exception of the desktop computers of the
Debtor on which the Debtor’s business and financial records are stored, none of the Acquired Assets, nor any of the items of equipment described on Exhibit B, shall be removed from the Facility or otherwise disposed of without the prior written
consent of Buyer. 
 ARTICLE V 
 CLOSING 
 5.1 The Closing. The consummation of the transactions
contemplated in this Agreement (the “Closing”) shall take place by July 31, 2012 or such earlier date permitted by the Sale Order as Buyer may request (the “Closing Date”), by electronic and or physical
delivery of the required closing items as may be mutually agreed to by the parties, or on such other date at such other location as is mutually agreed by the parties. The parties hereto agree that the Closing shall be deemed effective as of 12:01
a.m. on the Closing Date. 

  
 8 

 ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES OF TRUSTEE 
 Trustee represents and warrants
to Buyer as follows, which representations and warranties shall be true and correct as of the date hereof and true and correct as of the Closing but which shall not survive the Closing: 

6.1 Organization and Standing of Trustee. Trustee is the duly appointed Chapter 11 trustee of Debtor which is a limited
liability company duly organized and validly existing and in good standing under the laws of the State of Michigan, with full power and authority to sell Debtor’s assets. This Agreement, when duly executed and delivered by Trustee shall
constitute the legal, valid and binding obligation of Trustee and Debtor, enforceable in accordance with its terms. Trustee has full power and authority to enter into and deliver this Agreement and to execute and deliver all contemplated agreements
and documents provided in this Agreement and perform the transactions contemplated herein. Trustee’s obligations under this Agreement are subject to the terms of the Sale Order. 

6.2 Acquired Assets. At the Closing, Trustee shall transfer to Buyer good and marketable title to and actual and exclusive
possession of all of the Acquired Assets, free and clear of all liens, pledges, mortgages, security interests, claims, interests and encumbrances of any nature whatsoever. 
 6.3 Possession of Acquired Assets. At Closing, Trustee shall deliver actual and exclusive possession of the Acquired Assets to Buyer free and clear of all claims and interests of the
Debtor’s creditors. 
 ARTICLE VII 
 REPRESENTATIONS AND WARRANTIES OF BUYER 

  
 9 

 Buyer represents and warrants to Trustee as follows, which representations and warranties
shall be true and correct as of the date hereof and true and correct as of the Closing: 
 7.1 Organization of
Buyer. Buyer is a duly organized and validly existing corporation, in good standing under the laws of the State of Delaware. Buyer has full power and authority to own the Acquired Assets. 

7.2 Authorization of Buyer. This Agreement has been duly executed and delivered by Buyer and constitutes the legal, valid and
binding obligations of Buyer enforceable in accordance with its terms. Buyer has full power and authority, or otherwise, to enter into and deliver this Agreement and to execute and deliver all contemplated agreements and documents provided in
Agreement and perform the transactions contemplated therein. Buyer is not required to obtain the consent, approval or waiver of any person not a party to this Agreement to consummate the transactions contemplated hereby. 

7.3 No Broker. Buyer has carried on all negotiations relating to this Agreement and the transactions contemplated in this
Agreement directly and without the intervention on its behalf of any other party in such manner as to give rise to any valid claim for a brokerage commission, finder’s fee or other like payment. 

ARTICLE VIII 
 COVENANTS 
 8.1 Further Actions. Upon the terms and subject to
the conditions hereof, each of the parties hereto agrees to use its best efforts or take or cause to be taken all action and to do or cause to be done all things necessary, proper and advisable to consummate the transactions contemplated by this
Agreement, the related agreements and other documents necessary to close this transaction, and shall use its best efforts to obtain all necessary waivers, consents and approvals and to effect all necessary registrations and filings. 

  
 10 

 8.2 Press Releases. Before Closing, no general public announcement or release as
to any of the matters set forth herein may be made by Trustee or Buyer to any third party, including the news or other media, without consulting with each other and obtaining the prior written consent of each other (which consent shall not be
unreasonably withheld) as to the identity of such third party and the timing and content of any such announcement or release. However, Trustee may publish and release information necessary to provide notice as required by the Bankruptcy Code,
Bankruptcy Rules, and/or Orders of the Bankruptcy Court. After Closing, neither Trustee nor Debtor shall make any public announcement as to any of the matters set forth herein, including with or to news or other media, unless Buyer consents as to
the announcement and its content (which consent shall not be unreasonably withheld). 
 ARTICLE IX 

CLOSING DELIVERIES 
 At the Closing on the Closing Date: 
 9.1 Closing Documents. Trustee
and Buyer shall execute and deliver the conveyance documents described in Section 1.2 hereof. 
 9.2 Payment of Purchase
Price. Buyer shall pay the Purchase Price as set forth in Section 2.3 of this Agreement. 
 9.3 Other
Documents. Trustee and Buyer shall execute and deliver any and all other documents, agreements, instruments and other writings and have taken all actions necessary to carry out the transactions contemplated in this Agreement, including
(without limitation), as to Trustee, all actions set forth in and required by Article X hereof. 
 ARTICLE X 

BUYER’S CONDITIONS 

  
 11 

 The obligation of Buyer to purchase and pay for the Acquired Assets at Closing shall be
subject to the satisfaction, prior to or concurrently with the Closing Date, of each of the following express conditions precedent, unless waived by Buyer: 
 10.1 Closing Documents Delivered. Trustee shall have executed and delivered the documents, certificates, instruments and agreements and done the acts required of Trustee in connection with the
Closing as described in this Agreement. 
 10.2 Closing Date. In the event that the Closing does not occur by the
date of July 31, 2012 (the “Non-Fulfillment Date”) as a result of the non-fulfillment of one or more of the conditions in Section 1.2 or this Article X, Buyer may, upon written notice to Trustee at any time after the
Non-Fulfillment Date, terminate this Agreement without any further liability on the part of either of the parties. Buyer’s Earnest Money Deposit shall be returned to Buyer, in full, within five (5) days of Buyer providing Trustee with
written notice of the non-fulfillment of the conditions. If the Environmental Site Assessment to be conducted under Section 10.4 is not completed by June 20, 2012, the Non-Fulfillment Date and the deadline for Closing shall be extended by
the same number of days between June 20, 2012 and the date the Environmental Site Assessment is complete. (By way of example, if the Environmental Site Assessment is not complete until June 26, 2012, the Non-Fulfillment Date and the
deadline for closing shall automatically be extended until August 6, 2012.) 
 10.3 Survey. Buyer’s
obligation to purchase the Acquired Assets is subject to Buyer’s acceptance of a new ALTA/ACSM Land Title Survey showing all easements, rights of way, improvements (including dimensions), setbacks, parking spaces, and utilities. Trustee shall
pay the cost of obtaining the Survey; provided, however, that Buyer shall pay the incremental survey costs attributable to the survey scope being expanded to include showing rights of way, 

  
 12 

 
improvements (including dimensions), setbacks, parking spaces, and utilities. Trustee shall provide any existing surveys within a reasonable period after the date of this APA. 

10.4 Environmental Site Assessment. Buyer’s obligation to close on the purchase of the Acquired Assets is conditioned
upon satisfactory results from a Phase I and, if the Phase does not produce satisfactory results and Buyer deems it necessary, a Phase II environmental site assessment and/or Baseline Environmental Assessment. (The Phase 1 and, if deemed necessary,
the Phase II environmental site assessments and/or Baseline Environmental Assessment shall be known as the “Environmental Site Assessment” for purposes of this Agreement.) Satisfactory results shall mean a finding of the absence of
hazardous substances under, on, at or from the Acquired Assets. Buyer shall arrange for and pay for the Environmental Site Assessment, which, to the extent deemed necessary by Buyer, shall be ordered by Buyer immediately upon entry of the Sale
Order. Buyer understands no certified environmental testing has been done at the Premises to date. Buyer also understands that only minimal MDEQ inspections have occurred at the Facility over the past six years. In Buyer’s sole discretion, it
may waive the condition of having satisfactory results from a Phase I and, if needed, a Phase II environmental site assessment and/or Baseline Environmental Assessment. 
 10.5 Damage to Acquired Assets. There shall be no casualty loss or other material damage to any of the Acquired Assets. Buyer may waive this contingency, in which case all insurance or other
proceeds paid or payable in respect of such casualty loss or other damage shall belong solely to Buyer and Trustee shall execute such assignments and other instruments as shall reasonably be required or requested by Buyer to effectuate same.

 10.6 Sale Order. Buyer’s obligation to close on the purchase of the Acquired Assets is contingent upon delivery
to Buyer, before the Closing Date, of a final, non-appealable and not 

  
 13 

 
appealed Order signed and entered by the United States Bankruptcy Court with jurisdiction over the Bankruptcy Case, in the form attached to this APA as Exhibit C (“Sale Order”).

 10.7 EDC Confirmation. Buyer shall have received from the Economic Development Corporation of the City of Bangor
(“EDC”) a written instrument in recordable form and in form and substance acceptable to Buyer, duly signed and delivered by the EDC, in which the EDC unconditionally confirms that the conditions set forth in Section 5 of the Real
Estate Purchase and Sales Agreement dated January 25, 2006 between the EDC, as seller, and Debtor, as buyer, have been fully and timely satisfied, and that all rights and claims of reverter contemplated by Section 6 of such Real Estate
Purchase and Sales Agreement are null and void and waived in full. 
 ARTICLE XI 

TRUSTEE’S CONDITIONS 
 The obligation of Trustee to sell and convey the Acquired Assets at the Closing shall be subject to the satisfaction, prior to or concurrently with the Closing Date, of each of the following express
conditions precedent, unless waived by Trustee: 
 11.1 Closing Documents Delivered. Buyer shall have executed and
delivered the documents, certificates, instruments and agreements and done the acts required of Buyer in connection with the Closing, as described in this Agreement. 
 11.2 No Prohibition. No order, statute, rule, regulation, executive order, injunction, stay, decree or restraining order, shall have been enacted, entered, promulgated or enforced by any court
or competent jurisdiction or governmental or regulatory authority or instrumentality that prohibits the consummation of the transactions contemplated hereby. 
 11.3 Closing Date. In the event that the Closing does not occur by the Non-Fulfillment Date as a result of the non-fulfillment of one or more of the foregoing conditions in this Article

  
 14 

 
XI, Trustee may, upon written notice to Buyer at any time after the Non-Fulfillment Date, terminate this Agreement without any further liability on the part of either of the parties unless the
non-fulfillment is caused by Trustee’s breach of his obligations under this Agreement. Buyer’s Earnest Money Deposit shall be returned to Buyer, in full, within five (5) days of Trustee providing Buyer with written notice of the
non-fulfillment of the conditions. 
 11.4 Purchase Price. Buyer shall have delivered, or cause to be delivered, as
applicable, the Purchase Price to the Trustee as of the Closing. 
 ARTICLE XII 

MISCELLANEOUS 
 12.1 Waiver. Any party hereto may (a) agree to extend the time for the performance of any of the obligations or other acts of the other parties hereto, (b) waive any inaccuracies in
the representations and warranties contained herein or in any document delivered pursuant hereto or (c) waive compliance with any of the agreements or conditions contained herein. Any agreement on the part of the party hereto to any such
extension or waiver shall be valid only if set forth in an instrument in writing signed by the authorized representative of such party. 
 12.2 Notices. Any notices or other communications required or permitted hereunder or otherwise in connection herewith shall be in writing and shall be deemed to have been duly given when
delivered in person or transmitted by facsimile transmission or on receipt (or refusal to receipt) after dispatch by express, registered or certified mail, postage prepaid, or nationally recognized overnight delivery service, addressed as follows

 If to Trustee: 
 Thomas R. Tibble, Bankruptcy Trustee for Michigan BioDiesel, LLC 

  
 15 

 With a copy to: 

John T. Piggins, Esq. 
 Miller Johnson 
 If to Buyer: 

Donald J. Glidewell, Chief Financial Officer 
 Marrone Bio Innovations, Inc. 
 With a copy to: 

Brian J. Page 

Dykema Gossett PLLC 
 or such
other address as the person to whom notice is to be given has furnished in writing to the other parties. 
 12.3 Delivery of
Notices. After the Closing Date, each party shall promptly deliver to the other party any notices, correspondence and other documents relating to the Acquired Assets being conveyed hereunder and the Business, which are, from time to time,
received by that party. 
 12.4 Entire Agreement Binding Effect. This Agreement (together with the Exhibits and
Schedules hereto, and the other agreements, documents and instruments executed at the Closing) sets forth the entire integrated understanding and agreement of the parties with respect 

  
 16 

 
to the subject matter hereof and supersedes all prior agreements whether written or verbal. This Agreement may not be modified, amended or terminated except in a writing signed by all of the
parties hereto. 
 12.5 Assignment. No party to this Agreement shall have the right to assign any of its rights and
obligations hereunder without the prior written consent of the other parties hereto, except that Buyer may assign all of its rights hereunder to entities to be formed by it to own the Acquired Assets. To the extent that any such assignment occurs in
accordance with the terms hereof, this Agreement and all provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

12.6 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an
original instrument, but all such counterparts together shall constitute the same instrument. 
 12.7 Governing Law and Rules
of Construction. This Agreement is being made in and shall be governed by and construed and enforced in accordance with the laws of the State of Michigan. Notwithstanding the foregoing, the parties hereto agree that both parties have
equally participated in the drafting of this Agreement and that if any term, condition or provision of this Agreement is deemed or construed to be ambiguous or vague, such ambiguity or vagueness shall not be construed in favor of or against any
party to this Agreement. 
 12.8 Severability. Should any terms, provision or clause hereof or of any other
agreement or document which is required by this Agreement, be held to be invalid, such invalidity shall not affect or render invalid any other provisions or clauses hereof or thereof the consideration or mutuality of which can be given effect
without such invalid provision, and all of which shall remain in full force and effect. If any provision of this Agreement is so broad as to 

  
 17 

 
be unenforceable, such provision shall be interpreted to be only so broad as is enforceable under applicable law. 
 12.9 Headings. The headings to the sections of this Agreement are inserted for convenience and reference only and are not intended to define or limit the substance of any section. 

12.10 Singular and Plural. Singular terms in this Agreement may be deemed to include plural and plural terms to include the
singular. 
 12.11 No Third Party Rights. This Agreement and the other agreements entered into at the Closing are
solely for the benefit of the parties hereto. No third person shall acquire any rights or claims by reason of or under this Agreement. 
 12.12 Amendment. This Agreement may be amended only by a writing executed by the authorized representatives of Buyer and Trustee. 

12.13 Expenses. Except as otherwise expressly set forth herein, each of the parties hereto shall bear their own costs and
expenses in connection with the transactions contemplated hereby. 

  
 18 

 IN WITNESS WHEREOF, the parties hereto have executed this Asset Purchase Agreement as of the
date first above written. 
  

			
	 TRUSTEE:
  

THOMAS R. TIBBLE
 Bankruptcy Trustee for Michigan BioDiesel, LLC

		
	 By:
	 	/s/ Thomas R. Tibble
		 	 Thomas R. Tibble
 Bankruptcy
Trustee (and not individually)

	
	 BUYER:
  

MARRONE BIO INNOVATIONS, INC.

		
	 By:
	 	/s/ Donald J. Glidewell
		 	 Donald J. Glidewell
 Its:
Chief Financial Officer

  
 19 

 EXHIBIT A 
 City of Bangor, Van Buren County, Michigan 
 Parcel No. 80-54-813-002-10 (combination of
80-54-812-068-00, 80-54-812-069-00, 80-54-812-070-00, 80-54-812-073-00, and 80-54-813-002-00) 
 1042-A 13-2-16 1405-942
1426-483 1456-616 * COM AT N 1/4 POST OF SEC, TH N 89 DEG 48’20”W ON N SEC L 1371.22 FT TO ELY L OF RR ROW, TH S 32 DEG 31’45”W ALG SAID ROW 377.90 FT TO BEG, TH S 32 DEG 31’45”W ALG SAID ELY L 1837.23 FT TO ELY L OF
60TH ST, TH S 0 DEG 49’25”E ALG SAID ELY L
113.38 FT TO WLY L OF INDUSTRIAL PARK DR, TH N 89 DEG 10’35”E ALG SAID WLY L 117.0 FT, TH CON ALG SAID WLY L 86.21 FT ALG A CURVE TO THE LEFT WITH A RADIUS OF 226.18 FT AND A CHORD THAT BEARS N 78 DEG 15’28”E 85.69 FT, TH CON ALG
SAID WLY L N 67 DEG 20’18”E 202.58 FT, TH CON ALG SAID WLY L 130.94 FT ALG A CURVE TO THE LEFT WITH A RADIUS OF 284.78 FT AND A CHORD THAT BEARS N 54 DEG 21’37”E 129.79 FT, TH 45.87 FT ALG A CURVE TO THE RIGHT WITH A RADIUS OF
396.37 FT AND A CHORD THAT BEARS N 39 DEG 37’34”W 45.84 FT, TH N 27 DEG 52’27”E 48.04 FT, TH S 62 DEG 07’33”E 50.0 FT TO WLY L OF INDUSTRIAL PARK DR, TH ALG SAID WLY L 142.64 FT ALG A CURVE TO THE LEFT WITH A RADIUS OF
284.78 FT AND A CHORD THAT BEARS N 13 DEG 31’30”E 141.15 FT, TH CON ALG SAID WLY L 310.69 FT ALG A CURVE TO THE RIGHT WITH A RADIUS OF 533.72 FT AND A CHORD THAT BEARS N 15 DEG 51’10”E 306.32 FT, TH CON ALG SAID WLY L N 32 DEG
31’45”E 1028.09 FT, TH N 57 DEG 28’15”W 253.77 FT TO BEG. *** COMBINATION OF 80-54-812-068-00, 80-54-812-069-00, 80-54-812-070-00, 80-54-812-073-00 AND 80-54-813-002-00 ON 18 JULY 2006 FOR 2007. 

[NOTE: LEGAL DESCRIPTION SUBJECT TO VERIFICATION USING APPROVED SURVEY] 

  
 20 

 EXHIBIT B 
 EXTERNAL TANKS 
 24 – 30,000 gallon 

2 – 12,500 gallon 
 2 – 10,000 gallon 
 INTERNAL TANKS 

3 – 5,000 gallon fiberglass 
 2 – 7,200 gallon steel 
 1 – 12,000 gallon steel 

Various small process tanks 
 3
centrifuges 
 Distillation equipment 

500 kVA electric transformer 
 1,100 ton Cooling
Tower and associated cooling system 
 Natural Gas Boiler 
 All equipment, pipes, lines, towers, poles, switches, controls, wires, pumps, apparatus and fittings associated with or used with the foregoing 
 All other equipment of Debtor physically located at the Facility as of May 10, 2012. 

  
 21 

 EXHIBIT C 
 Form of Sale Order 

  
 22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}]]