Document:

Lease by and between BASF Corp. and AMVAC Corp.

 EXHIBIT 10.11 
 LEASE 
 BETWEEN 
 BASF Corporation, as LESSOR 
 AND 
 AMVAC Chemical Corporation, as LESSEE 
 For Lease of Land located at 
 Hannibal, Missouri 
 Dated as of DECEMBER 28, 2007 

 LEASE 
 THIS LEASE made as of the 28th day of December, 2007, by and between BASF Corporation, with a location at Hannibal, Missouri (“LESSOR”) and AMVAC Chemical Corporation (“LESSEE”), having its
principal place of business at 4695 MacArthur Court, Suite 1250, Newport Beach, California 92660. 
 WHEREAS, LESSEE has purchased
from LESSOR and its Affiliates certain of the assets of LESSOR and its Affiliates (the “Purchased Assets”) relating to the Terbufous Product Line pursuant to a Sale and Purchase Agreement dated as of November 27, 2006 entered into by
between LESSOR’s parent company and LESSEE (the “SPA”); 
 WHEREAS, pursuant to Article 3 of the SPA, LESSEE has
exercised an Option to purchase certain manufacturing assets currently located on the Premises (defined below); 
 WHEREAS, LESSEE
wishes to use the Premises (defined below) for the continued operation of the manufacturing equipment within the buildings within LESSOR’s production site at Hannibal Missouri; and, 
 WHEREAS, LESSOR desires to lease and demise to LESSEE and LESSEE desires to lease and hire from LESSOR all that certain land, more particularly
described in Exhibit A, annexed hereto and made a part hereof. 
 In consideration of the mutual covenants contained herein, the
parties agree as follows: 
 ARTICLE 1 
 DEFINITONS 
 1.1 For purposes of this Lease the following terms shall have the following
meanings: 
 “Affiliate” means, with respect to any Person, any other Person, who directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with, such Person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlled” and “controlling” have meanings correlative thereto; 
 “Additional Plants” shall have the meaning ascribed to such term in Section 5.02; 

 “Base Rent” shall have the meaning ascribed to such term in Section 4.01; 
 “Effective Date” shall mean the date that LESSOR delivers possession of the Premises to LESSEE or any earlier date upon which LESSEE uses or occupies
the Premises; 
 “Effective Date” shall mean the date of this Lease; 
 “Existing Improvements” means Improvements existing upon the Premises as of the Term Effective Date; 
 “Force Majeure” shall have the meaning ascribed to such term in Section 22.2; 
 “Governmental Authority”
means any national, federal, state, provincial, county, municipal or local government, foreign or domestic, or the government of any political subdivision of any of the foregoing, or any entity, authority, agency, ministry or other similar body
exercising executive, legislative, judicial, regulatory or administrative authority or functions of or pertaining to government, including any authority or other quasi-governmental entity established to perform any of such functions; 
 “Hannibal Site” shall mean LESSOR’s production site located in Hannibal, Missouri, USA. 
 “Improvements” means all excavations, paving, landscaping, utility lines, pipes, fences, walls, buildings, and other structures and permanent
improvements located on the Premises, whether presently in existence or hereafter erected or placed upon the Premises, including all alterations and additions thereto, and without regard to whether ownership thereof is in LESSOR or LESSEE,
including, but not limited to, the buildings located within the Premises and the Roadways to the extent the Roadways are located on the Premises; 
 “Initial Term” shall have the meaning ascribed to such term in Section 2.01; 
 “Law” shall mean any present
and future laws, statutes, codes, regulations, rules, ordinances, injunctions, judgments, orders, decrees, rulings, charges, or other restrictions, administrative guidelines, requirements or directions and actions of any Governmental Authority and
any other legal requirements of whatever kind or nature that are applicable to the Leased Premises and/or the Lease and any amendments, modifications or changes to any of the foregoing; 
 “Lease” means this Lease Agreement; 
 “LESSEE’s Access Rights” is defined in
Section 2.02; 
 “LESSOR’s Adjoining Uses” shall mean the uses, from time to time, on LESSOR’s Premises; 

 “LESSOR’s Premises” shall mean all that portion of the Property, which is not leased to LESSEE
hereunder, as such portion of the Property exists as of the Effective Date; 
 “LESSEE’s Improvements” shall mean all those
Improvements existing upon the Premises as of the Effective Date together with all Improvements constructed or installed in, at or on the Premises by or for the benefit of LESSEE; 
 “MSSA” shall mean the Manufacturing and Shared Service Agreement between the parties of even date herewith; 
 “Permitted Uses” shall have the meaning as described in Sections 5.01 and 5.02; 
 “Person” means an individual,
partnership, corporation, joint stock company, unincorporated organization or association, trust or joint venture, or a governmental agency or political subdivision thereof; 
 “Personal Property” means all furnishings, equipment, inventory, trade fixtures, and other personal property owned by Lessee or by any other person or entity holding an interest in the Premises or any
portion thereof under LESSEE and located, from time to time, on or about the Premises and not included in the definition of Improvements set forth above; 
 “Plant” shall mean the T/C Unit facilities located at the LESSOR’s Property that operates and manufactures the Products as more fully set forth in accordance with the terms and conditions of the MSSA; 
 “Purchased Assets” shall have the meaning ascribed to such term in the preamble hereof; 
 “Premises” shall mean the surface area of that certain land leased to LESSEE herein, upon which the T/C Unit facilities are located within the Hannibal Site, as such land is more particularly
described in Exhibit A annexed hereto; 
 “Product(s)” shall have the meaning ascribed to such term in the MSSA, which from time to
time, may be changed, altered or supplemented in accordance with the provisions of the MSSA; 
 “Property” shall mean that certain
real property, as the same is more particularly described in Exhibit B, attached hereto and made a part hereof, within which the Premises are located; 
 “Renewal Term” shall have the meaning ascribed to such term in Section 3.02; 
 “Roadway(s)” shall mean those
certain private road(s) within the Property that provide access, ingress and egress to and from the Property and the Premises, as the same may be altered, changed or modified, as provided in this Lease, and more particularly as provided in
Section 2.02 herein; 

 “SPA” shall mean that certain Sale and Purchase Agreement between LESSOR’s parent company and
LESSEE as identified in the preamble hereof; 
 ““Service” or “Services”” shall have the meaning ascribed to such terms
in the MSSA; 
 “Term” the Initial Term and any Renewal Term. 
 Section 1.2 Other Terms. Other terms not defined in this Section 1 shall have the meanings given in the text. The definitions in this Section 1 and elsewhere on this Lease shall apply equally to
both the singular and the plural terms defined, as the context may require. The terms “herein”, and “hereof” refer to this Lease on its entirety unless the context otherwise requires. 
 ARTICLE 2 
 PREMISES

 Section 2.01 Grant. In consideration of the terms, covenants, conditions, and agreements set forth in this Lease to be
kept and performed by LESSEE, LESSOR does hereby lease unto LESSEE and LESSEE does hereby lease from LESSOR, the Premises, together with all rights, privileges, easements and appurtenances relating thereto, but excluding any and all mineral, water
and subsurface rights, or other rights of LESSOR as provided herein and expressly subject to all of the following: 
  

	 	(a)	All existing encumbrances, easements, covenants and restrictions of record, if any, to the extent that the same are in force or effect; 

  

	 	(b)	Any state of facts which an accurate survey may show; 

  

	 	(c)	Present and future zoning laws, ordinances, resolutions and regulations of the City of Hannibal, and all present and future ordinances, laws, regulations and orders of all boards,
bureaus, commissions and bodies of any municipal, county, state or federal sovereigns now or hereafter having or acquiring jurisdiction of the Premises and the use and improvement thereof; 

  

	 	(d)	Condition and state of repair of the Premises, including all faults, as the same may be on the date of the commencement of the term of this Lease; 

  

	 	(e)	All drainage, surface and sub-surface conditions, whether visible or invisible, foreseen or unforeseen; 

 Section 2.02 Access Rights. LESSOR hereby agrees to provide to LESSEE, at all times during
the Term, reasonable and sufficient ingress and egress to and from the Premises over, upon and across portions of LESSOR’s Property as designated by LESSOR to provide the Premises with access to the nearby public highway (“LESSEE’s
Access Rights”). LESSEE’s Access Rights shall be deemed to be a license coupled with an interest that LESSOR shall have no right to terminate during the Term, subject to the following provisions: 
  

	 	(a)	LESSEE’s Access Rights are non-exclusive and shall be exercised only upon such Roadways, or portions thereof, as are reasonably designated from time to time by LESSOR;

  

	 	(b)	Subject to the terms and conditions of LESSEE’s Access Rights as set forth in this Lease, and subject to the rights, if any, to use Roadways granted by LESSOR to others from
time to time, whether before or after the execution of this Lease, LESSOR shall control all Roadways, including, but not limited to, the portions of the Roadways located on the Premises, and every part thereof, including, but not limited to, the
exclusive right and power: 

  

	 	(1)	To adopt from time to time and to enforce reasonable rules and regulations respecting use of the Roadways by LESSEE and others; 

  

	 	(2)	To adopt security measures designed to prevent or discourage use of Roadways by unauthorized people and to comply with governmental requirements, as applicable from time to time,
for the operation and security of LESSOR’s Adjoining Uses, including, but not limited to, fencing and locked gates and imposition of background and identity checking and other procedures for all or some persons entering upon LESSOR’s
Property or through Roadways or LESSOR’s Property to the Premises; 

  

	 	(3)	To close or restrict temporarily use of the Roadways or any portion thereof as may be necessary in the event of any emergency or to make improvements to, or to repair, the Roadways,
or for security or other legitimate purposes; 

  

	 	(4)	To close, relocate, realign, replace, regrade, repave, improve, abandon, or demolish, from time to time, all or any part of the Roadways, in which event any new or different roads
that LESSOR may, in the future, build upon the LESSOR’s Property shall be deemed part of the “Roadways” as that term in used in this Lease; provided that LESSOR shall always and continuously during the Term provide reasonable means
for LESSEE’s exercise of LESSEE’s Access Rights; 

	 	(5)	To offer all or any part of the Roadways for dedication to public use or to any governmental entity, and with respect to any such offer, LESSEE agrees fully and promptly to
cooperate with LESSOR and to execute, acknowledge (when needed), and deliver all appropriate instruments and documents; 

  

	 	(6)	To grant easements over, and licenses to use, the Roadways or any portion thereof to third parties chosen by LESSOR; and 

  

	 	(7)	To conduct, or contract for, all maintenance, repair, and improvement work on the Roadways as LESSOR, in its sole and absolute discretion, may determine is appropriate or necessary
from time to time. 

  

	 	(c)	With respect to any portion of the Roadways over which Lessee exercises Lessee’s Access Rights: 

  

	 	(1)	LESSEE agrees that, when, and if ever, that portion becomes a public roadway, whether through acceptance of an offer of dedication made by LESSOR or otherwise, then LESSEE’s
Access Rights shall cease as to that portion, with LESSEE relying upon the public nature of that portion to assure access to the Premises; and 

  

	 	(2)	LESSOR shall, subject to reimbursement for Lessee’s share of Roadway Costs, if any, as provided in the MSSA, arrange and pay for all appropriate maintenance and repair of the
Roadways, as well as for any improvements to the Roadways that LESSOR may deem desirable. 

 Section 2.03
Partitioning. Subject to the consent of LESSOR, LESSEE may, at its option and at its own cost, build a fence(s) and segregate the Premises from LESSOR’s Adjoining Property, or any part thereof. The fence shall be reasonably consistent
with other fencing used at LESSOR’s Property. 
 Section 2.04. Effect of Conditions. This Lease is granted and
accepted upon the foregoing terms and conditions of this Section 2 and upon the following covenants and conditions of this Lease. Subject to the restrictions herein, to all and every one of which the parties consent; each of the parties hereby
expressly covenants and agrees to keep, perform and observe all the terms, covenants and conditions herein contained on its part to be kept, performed and observed. 
 ARTICLE 3 
 TERM 
 Section 3.01 Term. The Initial Term of this Lease shall commence on the Effective Date and shall expire at 11:59 p.m. local time twenty
(20) years from Effective Date, subject to earlier termination or expiration in accordance with any express provisions contained herein. 

 Section 3.02 Extension of Term. If this Lease shall be in force and effect on the date for
expiration of the Initial Term and provided that no event of default under the Lease or the MSSA has occurred or exists on the date of renewal, this Lease shall renew for additional (1) year terms (each a Renewal Term) thereafter, unless
terminated by either party at the end of the Initial or any Renewal Term by written notice given twelve (12) months in advance of the end of such Initial or Renewal Term. The Renewal Term shall be upon the same terms, covenants and conditions
as those contained herein except Base Rent. 
 Section 3.03 Early Termination. 
 Section 3.03.01 As of Right. Provided that LESSEE shall not be in default under this Lease, LESSEE shall have the right to
terminate this Lease by giving LESSOR one hundred and eighty (180) days prior written notice of termination, such notice to provide the date of termination which shall not be sooner than that date which is 180 days from date of delivery to
LESSOR of said termination notice. 
 Section 3.02.02 For Cause. Provided that LESSEE shall not be in default
under this Lease, LESSEE shall have the right to terminate this Lease for cause as set forth in Section 6(b) of the MSSA. 
 Section 3.02.03 By LESSOR. In addition to all rights of LESSOR hereunder, LESSOR shall have the right to terminate this Lease as provided in Section 6(b) of the MSSA. 
 Section 3.03.04 Effect of Termination. Termination of this Lease shall also terminate the MSSA. 
 ARTICLE 4 
 RENT 

 Section 4.01 Base Rent. The Base Rent for the Initial Term shall be *** per month, payable in advance on the first day of each
month beginning January 1, 2008. 
 Section 4.02 Additional Rent. Lessee shall pay and discharge as additional rent, as and
when the same shall become due and payable, all other amounts to be paid by LESSEE pursuant to this Lease and the MSSA. If not directly billed to LESSEE, all or any part of such amounts as aforesaid, shall be paid within thirty (30) days from
the date LESSOR renders an invoice therefor to LESSEE. If the LESSOR makes any 

 
expenditure for which the LESSEE is responsible under this Lease, or if the LESSEE fails to make any required payment under this Lease, LESSOR shall have all
remedies for the collection thereof that it may have for the nonpayment of Base Rent hereunder. 
 Section 4.03 Net Lease. This
is an absolute net lease, so that this Lease shall yield net to LESSOR the rent for each year during the term of this Lease. LESSEE shall pay all costs, expenses, and obligations of every kind or nature, relating to the Premises, the Plant, the
Additional Plants or any Improvements that may arise or become due during the term of this Lease, and LESSEE shall protect, indemnify, defend and hold harmless LESSOR from and against all costs, expenses, fees or impositions whatsoever in connection
with the Premises. 
 Section 4.04 No Services. Except as set forth in the MSSA, LESSEE assumes the sole responsibility for the
condition, operation, maintenance, repair, replacement and management of the Premises, the Plant, the Additional Plants and all Improvements, facilities or appurtenances now or hereafter erected, installed or constructed in, at, on, or under the
Premises by LESSEE or for LESSEE’s use. Except as provided in the MSSA, LESSOR shall have no obligation to provide LESSEE any services for or in connection with LESSEE’s use of the Premises. 
 ARTICLE 5 
 USE OF THE
PREMISES 
 Section 5.01 Permitted Use. The Premises shall be used for the construction, installation, operation,
maintenance and removal of the Plant and such other uses as expressly permitted in this Lease. In connection with the use for the Plant, the Premises may also be used, at LESSEE’ option, for the construction, installation, operation,
maintenance and removal of any facility (e.g., a wastewater treatment facility), pipeline, system or equipment and activities related thereto, reasonably ancillary or accessory to LESSEE’s operations on the Premises, provided however that such
reasonably ancillary or accessory uses are not in conflict with the MSSA and do not impair or interfere with any infrastructure of LESSOR or LESSOR’s Adjoining Uses. 
 Section 5.02 Approved Use. LESSEE may use the Premises to construct and operate any new plants (including any additional T/C Unit or other plant) that produce Products for conversion or resale
(“Additional Plants”), as set forth in the MSSA. 
 Section 5.03 No other Uses. Except the Permitted Uses, as expressly
permitted by Sections 5.01 and 5.02, LESSEE shall not use the Premises for any other use or purpose. 
 Section 5.04 Condition of
Leased Premises. LESSEE has made such inspections of the Premises as it deems necessary and Lessee accepts possession of the Premises in an “AS IS, WHERE IS” condition, with all faults. LESSOR makes no representations or warranties
whatsoever (express, implied, statutory or otherwise) as to the nature, condition, habitability, merchantability, fitness for a particular purpose or use, or compliance with laws and regulations, of the Premises. 

 Section 5.05 LESSOR Representation. LESSOR represents and warrants that it has good title to
the Premises and the Roadways. 
 Section 5.06 Plant Rules. LESSEE undertakes the duty to control movement of its employees,
contractors, suppliers and other invitees and shall limit their movements to the Premises by and through LESSEE’s Access Rights. While off the Premises on LESSOR’s Property, LESSEE shall obey and cause its employees and contractors to obey
all of LESSOR’s rules and regulations which are contained in the most recent written form provided to LESSEE in accordance with the Notice provisions in Article 17 of this Lease. 
 Section 5.07. Compliance With Law. LESSEE agrees that it shall during the Term, fulfill, observe and comply with all of the terms and
provisions of any Law applicable to LESSEE, or LESSEE’s use of, or operations on, the Premises or in the use or exercise of LESSEE’s Access Rights, or promulgated by any governmental or quasi-governmental agency, authority or body having
jurisdiction. Except as otherwise provided expressly to the contrary herein, LESSEE shall perform all obligations and conditions with regard to its use of the Premises and operations thereon or in connection therewith as may be required by Law,
including without limitation such obligations as the Law may impose upon an owner or operator of the property. 
 ARTICLE 6 

 LESSEE’S IMPROVEMENTS, ALTERATIONS, LIENS AND TITLE 
 Section 6.01 LESSEE’s Improvements. After the Effective Date, at any time during the Term, but subject to the limitations
otherwise set forth in this Lease and the MSSA, LESSEE may, at LESSEE’s sole expense, commence new construction, or, enlarge, replace or alter any of LESSEE’s Improvements in place on the Premises. All operating expenses and maintenance
associated with the Premises and any Improvements thereon shall be borne by LESSEE. LESSEE shall, at all times during the Term of the Lease, keep or cause to be kept the Plant and all of LESSEE’s improvements in a condition so as to not cause a
hazard or unsafe condition on the premises. LESSEE shall use all reasonable precaution to prevent waste, damage or injury to the Premises and the Roadways. LESSEE shall not allow any process water, onto LESSOR’s adjacent property. 

 Section 6.02 Title. Title to the buildings, equipment and Improvements erected by LESSEE on the Premises, and the
equipment and other items installed thereon, and any alterations, changes, or additions thereto, shall remain solely the property of LESSEE. LESSEE shall alone be entitled to deduct all depreciation on LESSEE’ income tax returns for the
buildings, equipment, Improvements and other items, alterations, changes or additions made by LESSEE on the Premises. 

 Section 6.03. Removal of Personal Property and Improvements. Subject to the limitations set
forth in section 7 of the MSSA, upon surrender of the Premises, LESSEE shall remove, at its own cost and expense, the Plant, Additional Plants and all other Improvements upon the Premises, unless purchased by LESSOR, owned by LESSOR and elected by
LESSOR to remain, or otherwise agreed by the parties in writing. If LESSEE is required to remove the Plant, Additional Plants and other Improvements, LESSEE shall remove the same to grade including, the surface foundations and all infrastructure and
Improvements below grade, but LESSEE shall not be required to remove any Roadways or rail tracks upon the Premises. LESSEE shall surrender and deliver the Premises to LESSOR free of all surface debris, but shall not be required to plant trees or
otherwise restore the land to the condition in which it existed on the Effective Date, provided that nothing herein is intended to, nor shall it, relieve LESSEE or LESSOR from any obligation either has pursuant to Article 13. 
 Section 6.04 LESSEE’s Liens. LESSEE shall pay when due all claims for labor or materials furnished to or for LESSEE at or for use in the
Premises or Plants. If, because of any act of omission of LESSEE, any mechanic’s lien or other lien for the payment of money shall be filed against LESSOR or any portion of the Premises, LESSEE shall, at its own cost and expense, cause the same
to be discharged of record or bonded within forty-five (45) days after LESSOR shall have given LESSEE notice of the filing thereof, or if LESSEE shall fail to do so within such time, LESSOR may do so at LESSEE’ cost and expense. LESSEE
shall indemnify and save harmless LESSOR from and against all costs, liabilities, suits, penalties, claims and demands, including reasonable attorneys’ fees, resulting therefrom. LESSEE shall give LESSOR not less than ten (10) days notice
prior to the commencement of any construction work on the Premises estimated to exceed $100,000.00, and LESSOR shall have the right to post notices of non-responsibility in or on the Premises as provided by law. 
 Section 6.05 LESSOR’s Liens. LESSOR shall pay when due all claims for labor or materials furnished to or for LESSOR at or for use in the
property it owns or holds other than the Premises. If, because of any act or omission of LESSOR, any mechanic’s lien or other lien for the payment of money shall be filed against LESSEE or any portion of the Premises or the Plant or Additional
Plants, LESSOR shall, at its own expense, cause the same to be discharged of record or bonded within forty-five (45) days after LESSOR receives written notice of the filing thereof, or if LESSOR shall fail to do so within such time, LESSEE may
do so at LESSOR’s cost and expense. LESSOR shall indemnify and save harmless LESSEE from and against all costs, liabilities, suits, penalties, claims and demands, including reasonable attorneys’ fees, resulting therefrom. 

 ARTICLE 7 
 REQUIREMENTS OF GOVERNMENTAL AUTHORITY 
 Section 7.01. Requirements of Governmental
Authority. LESSEE shall have the right to contest by appropriate legal proceedings, in the name of LESSEE, or, in the name of LESSOR (if legally required), or both (if legally required), the validity or application of any law, ordinance, rule,
regulation or requirement affecting the Premises or LESSEE operations on the Premises. If by the terms of any such law, ordinance, order, rule, regulation or requirement, compliance therewith may legally be delayed pending the prosecution of any
such proceeding, LESSEE may delay such compliance therewith until the final determination of such proceeding. If, because of any such proceeding by LESSEE, any lien shall be filed against LESSOR or any portion of the Premises or the Hannibal Site,
LESSEE shall, at its own cost and expense, cause the same to be discharged of record or bonded within thirty (30) days after LESSOR shall have given LESSEE notice of the filing thereof, or if LESSEE shall fail to do so within such time, LESSOR
may do so at LESSEE cost and expense. 
 ARTICLE 8 
 INSURANCE 
 Section 8.01 LESSEE’s Insurance. During the term of this Lease, LESSEE
shall procure and maintain in full force and effect (or shall have the option to self insure), the following minimum insurance coverage against the risks specified in this Agreement: 
  

	 	(a)	All risks property insurance (including fire and extended coverage) sufficient to provide full replacement value for loss or damage to facilities and equipment owned by LESSEE, or
for which LESSEE may be responsible. 

  

	 	(b)	Workers’ compensation insurance in compliance with the workers’ compensation laws of the State of Missouri, and employer’s liability insurance with a minimum limit of
$500,000/occurrence but only for employees of LESSEE working on the Premises. 

 Section 8.02 LESSOR’s
Insurance. During the term of this Agreement, BASF shall procure and maintain in full force and effect or shall have the option to self insure), the following minimum insurance coverage against the risks specified in this Agreement: 

 

	 	(a)	Workers’ compensation insurance in compliance with the workers’ compensation laws of the state in which LESSOR has employees performing Services, and employer’s
liability insurance with a minimum limit of $500,000/occurrence, and coverage required under the Longshoreman and Harbor Workers’ Act, and Federal Employee Liability Act if applicable; 

  

	 	(b)	Commercial general liability insurance including premises, broad form property damage, contractual, products/completed operations coverage, each with a minimum limit of $5,000,000
each occurrence; 

	 	(c)	All risks insurance (including fire and extended coverage) sufficient to provide full replacement value for loss or damage to Products and raw material and packaging of LESSEE in
the care, custody or control of LESSOR; and 

  

	 	(d)	Motor vehicle insurance for vehicles owned, leased or operated by LESSOR, with minimum limits of $1,000,000 liability coverage per occurrence combined single limit.

 Section 8.02 Coverage Conditions. 
  

	 	(a)	All insurance required to be maintained by LESSEE in Section 8.01 (a) above, shall (i) include LESSOR as additional insureds (policies to be primary with respect to
coverages afforded to additional insureds), and (ii) indicate that the insurer will endeavor to provide at least thirty (30) days’ prior written notice to LESSOR before any cancellation, or non-renewal. Evidence of all such insurance
shall be made available by LESSEE to LESSOR (A) upon execution of this Agreement and (B) as reasonably requested thereafter. 

  

	 	(b)	All insurance required to be maintained by LESSOR in Section 8.01 (b) above, shall (i) include LESSEE as additional insureds (policies to be primary with respect to
coverages afforded to additional insureds), and (ii) indicate that the insurer will endeavor to provide at least thirty (30) days’ prior written notice to LESSEE before any cancellation or non-renewal. Evidence of all such insurance
shall be made available by LESSOR to LESSEE (A) prior to performance of Services as specified in this Agreement and (B) as reasonably requested thereafter 

 Section 8.03 Subrogation Waiver. LESSEE agrees to release and waive, and hereby releases and waives, all rights of subrogation against LESSOR
possessed by LESSEE’s insurer(s). LESSEE hereby represents to LESSOR that it is authorized to make such release and waiver under such policies of insurance. LESSOR agrees to release and waive, and hereby releases and waives, all rights of
subrogation against LESSEE possessed by LESSOR’s insurer(s). LESSOR hereby represents to LESSEE that it is authorized to make such release and waiver under such policies of insurance. 
 ARTICLE 9 
 ASSIGNMENT AND SUBLETTING 
 Section 9.01 Assignment and Subletting. Except as expressly provided to the contrary in Section 9.03, LESSEE will not transfer, sell,
pledge, hypothecate, assign or sublease its leasehold interests created hereby without LESSOR’s prior written consent, which LESSOR may grant or withhold in its absolute discretion. Except as provided in Section 9.03, any attempted
assignment shall be null and void. 

 Section 9.02 No Release. Except as expressly provided in Section 9.03, no transfer,
sale, pledge, hypothecation, assignment or subletting, with or without consent, shall release LESSEE from any liability for any failure in the performance of LESSEE’s obligations under this Lease notwithstanding the assumption of such
obligations by the assignee or sublessee. 
 Section 9.03 Exceptions. Notwithstanding Section 9.01 to the contrary, either
party may without further consent of the other party assign its rights under this Lease (a) in connection with the transfer or sale of all or substantially all of the assets of such party, (b) pursuant to the sale of a majority of the
ownership interest of such party or the merger or consolidation of such party with a third party, (c) to any affiliate of the assigning party, or (d) in connection with the sale by LESSOR of the Hannibal Site to a third party. Any
successor, assign or legal representative of the assigning party shall assume all of the party’s obligations under this Lease and shall be fully bound by the terms and conditions of this Lease, and any such assignment shall relieve the
assigning party of any further obligations first arising under this Lease from and after the date of the assignment. LESSOR shall not sell or assign either: (i) all or substantially all of its assets or (ii) the Hannibal Site to a third
party without also assigning this Lease to such third party. 
 ARTICLE 10 
 EMINENT DOMAIN 
 Section 10.01 Whole Taking. If the whole of the Premises shall be acquired by any authority having the power of eminent domain (referred to as a “Taking”), this Lease shall automatically terminate as of the date title
shall vest in the condemning authority. 
 Section 10.02 Partial Taking. If there is a partial Taking of the Premises and the
remaining part of the Premises would not be suitable for the conduct of LESSEE’s business (as conducted on the Premises at the time of the Taking), then LESSEE shall have the right, at its election, by written notice to LESSOR either before the
Taking or within sixty (60) days thereafter, to terminate this Lease and all rent and other charges which under any provision hereof are payable by LESSEE shall be prorated, adjusted and apportioned as of the date of termination. If LESSEE
exercises its election under this Section 10.02, this Lease shall terminate on the later of the date of LESSEE’s exercise of its election or on the date of the Taking. 
 Section 10.03 Allocation of Award. In the event of either a total or a partial Taking, the parties hereto agree to cooperate in applying for
and in prosecuting any claim for such Taking. LESSOR and LESSEE will separately pay for such counsel as each directly and independently retains to defend their respective interests. 

 Section 10.04 Moving and Other Business Expenses and Damages. LESSEE will have the right to
claim and recover from such acquiring authority such compensation as may be separately awarded or recoverable by LESSEE, in its own right on account of any and all damages to LESSEE’ businesses by reason of such Taking of personal property, or
for damages for business interruption or displacement. LESSOR will not participate in any such recovery. 
 If LESSEE is not permitted to apply independently
for a claim for such Taking, the parties hereto agree to cooperate in applying for and in prosecuting any claim for such Taking, and further agree that the aggregate award shall be paid and distributed as follows: 
  

	 	(a)	LESSEE shall be entitled to the proportion of any award attributable to the businesses and property of LESSEE (including LESSEE’ leasehold interest in the event that
LESSEE’ use of the Premises is materially altered), particularly all improvements of LESSEE after the commencement of this Lease, their removal, and relocation, and for any damages afforded for inconvenience, business interruption, lost profits
and displacement or dislocation of its operations. 

  

	 	(b)	During the Term of this Lease, LESSOR shall be entitled to the proportion of the award attributable to the fee value of the land portion of the property taken, any damages afforded
the value of the remainder lands, and to any damages afforded for any loss of value suffered by LESSOR due to any adverse impact of the Taking on the material/products then being supplied by LESSEE to LESSOR. 

 Section 10.05 General. Nothing herein shall relieve LESSEE of any of its obligations under Section 6.03 above. 
 ARTICLE 11 
 QUIET
ENJOYMENT 
 Section 11.01 Quiet Enjoyment. LESSOR covenants and agrees that LESSEE, upon observing and keeping the
covenants and conditions of this Lease and the MSSA on its part to be kept, shall lawfully and quietly hold, occupy, use and enjoy the Premises throughout the entire term of this Lease free from any claim of any entity or person of superior title
thereto and without hindrance to, interference with or molestation of LESSEE’ use and enjoyment thereof, whether by LESSOR, LESSOR’s agents, or by any entity, person or persons having or claiming an interest in the Premises through LESSOR.

 Section 11.02 LESSOR Entry. Upon reasonable advance notice, LESSOR shall have the right to enter upon and examine and inspect
the Premises at reasonable times during the Term (except during emergencies, when LESSOR shall have immediate access to the Premises, if desired by LESSOR) to monitor LESSEE’s compliance with the terms and conditions of this Lease or to make
repairs or perform any obligations of LESSOR. 

 ARTICLE 12 
 DEFAULT 
 Section 12.01 Default. For the purposes of this Lease, the terms
“Default by Lessee” and “Lessee’s Default” both mean the occurrence of any one or more of the following events: 
  

	 	(a)	failure of LESSEE to pay when due any Base Rent and Additional Rent; 

  

	 	(b)	failure of LESSEE timely to perform any obligation under this Lease; 

  

	 	(c)	commencement of any action or proceeding by or against LESSEE under any federal or state bankruptcy or insolvency law or other debtors’ relief law, whether now or hereafter in
force, if such proceedings continued for a period of ninety (90) days after such commencement, and provided no law then prohibits the treatment of such commencement as a default under a lease; 

  

	 	(d)	appointment, either voluntarily or involuntarily, of a receiver, trustee, keeper, or other person to take possession of all or substantially all of the assets of Lessee, if such
appointment and possession continues for a period of ninety (90) days after commencement, and provided no law then prohibits the treatment of such appointment as a default under a lease; 

  

	 	(e)	the abandonment or vacation of the Premises; 

  

	 	(f)	execution by LESSEE of an assignment for the benefit of creditors of all or substantially all of its assets that are available by law for the satisfaction of claims of judgment
creditors of LESSEE; or 

  

	 	(g)	breach by LESSEE of any provision of this Lease, except those mentioned in subparts (a) through (f)of this Section 12.1, not cured within thirty (30) days after
LESSOR gives LESSEE written notice of the breach, or, in the case of breaches reasonably requiring more than thirty (30) days to cure, not cured within a reasonable time after the giving of such notice, provided that the curing of the breach is
commenced within said thirty (30) days after the giving of such notice and is diligently prosecuted to completion thereafter, provided further that, in all events, the curing of the breach must be completed within ninety (90) days after
the giving of such notice. 

 Section 12.2 LESSOR’s Right to Terminate. In the event of a Default by LESSEE, LESSOR
shall have, in addition to any other remedies now or later available to LESSOR at law or equity, the right to terminate this Lease and LESSEE’s right to possession of the Premises by giving written notice of termination to LESSEE and to recover
from LESSEE: 
  

	 	(a)	the worth at the time of award (computed by including interest at the rate specified elsewhere in this Lease for arrearages) of the unpaid Base Rent and Additional Rent required to
be paid by LESSEE under this Lease that had been earned at the time of termination; 

  

	 	(b)	the worth at the time of award (computed by including interest at the rate specified elsewhere in this Lease for arrearages) of the amount by which the unpaid Rent and Additional
Rent required to be paid by LESSEE under this Lease that would have been earned after termination until the time of award exceeds the amount of such rental loss that LESSEE proves could have been reasonably avoided; 

  

	 	(c)	the worth at the time of award (computed by discounting at the discount rate of the Federal Reserve Bank of New York City at the time of award plus one percent (1%)) of the
amount by which the unpaid Rent and Additional Rent required to be paid by LESSEE under this Lease for the balance of the Term after the time of award exceeds the amount of such rental loss that LESSEE proves could be reasonably avoided; and

  

	 	(d)	any and all other amounts necessary to compensate LESSOR for detriment proximately caused by the Default by LESSEE or which in the ordinary course of events would be likely to
result therefrom. 

 Section 12.3 LESSOR’s Right Not to Terminate. Unless and until LESSOR elects to terminate
this Lease and LESSEE’s right to possession as provided in Section 12.2, this Lease shall continue in full force and effect after Default by LESSEE, and LESSOR may enforce all of its rights and remedies under this Lease, including, but not
limited to, the right to recover or enforce payment of Base Rent and Additional Rent as they become due under this Lease. 
 Section 12.4 General. Efforts by LESSOR to mitigate damages caused by any Default by LESSEE shall not constitute a waiver by LESSOR of any of LESSOR’s rights or remedies under this Lease, and nothing contained in this Lease
shall affect the right of LESSOR under this Lease to indemnification for liability for personal injuries or property damages arising prior to termination of this Lease. Neither reasonable acts of repair, alteration, maintenance, reletting, or
preservation of the Premises, nor the appointment of a receiver or trustee, whether in bankruptcy proceedings or otherwise, upon initiative of LESSOR to protect LESSOR’s interests under this Lease, shall constitute an election by LESSOR to
terminate this Lease or LESSEE’s right to possession of the Premises. If LESSOR permits this Lease to continue in full force and effect after a Default by LESSEE, LESSOR may, nevertheless, at any time thereafter elect to terminate this Lease
and LESSEE’s right to possession of the Premises under the provisions of Section 12.2, for such previous Default by LESSEE, provided the 

 
Default by LESSEE has not then been cured. The rights and remedies of LESSOR under this Article 12 shall be additional to all other rights and remedies
provided to LESSOR in this Lease or by Law, whether now in force or hereafter enacted, including, but not limited to, injunctions and other equitable relief. 
 Section 12.5 LESSOR’s Default. If LESSOR shall be in default hereunder, which default may be cured with the mere payment of money, then LESSEE, after sixty (60) days written notice that LESSEE
intends to cure such default, or without notice if in LESSEE’s reasonable judgment an emergency shall exist, shall have the right, but not the obligation, to cure such default, and LESSOR shall pay to LESSEE upon demand the reasonable cost
thereof. Notwithstanding the foregoing provisions of this Section 12.5, and notwithstanding any other provision of this Lease, (a) LESSEE’s recourse against LESSOR with respect to any breach by LESSOR of any of its obligations under
or related to this Lease or the Premises shall extend only to LESSOR’s interest in the Premises and not to any other assets of LESSOR; (b) LESSOR shall have no personal liability with respect to any such obligations or any breach thereof;
(c) LESSEE agrees not to assert, or bring any action against LESSOR or any of its affiliates, employees, agents, or representatives alleging, personal liability of any of them for any such breach by LESSOR; and (d) in no event shall LESSEE
or any of its assets, including its interest in the Premises, be held liable for, or be a source of collection of, any consequential damages or damages for loss of profits or business goodwill arising from or related to any alleged breach by LESSOR
of its said obligations. 
 Section 12.6 Right of LESSOR to Perform. LESSOR may, but shall not be obligated, to make any payment
or perform any obligation required of LESSEE under this Lease that LESSEE fails timely to pay or perform, and LESSOR may do so with or without giving notice of LESSOR’s intention to do so. No such payment or performance by LESSOR shall
constitute a waiver of, or release LESSEE from, LESSEE’s said obligation or any other obligation of LESSEE under this Lease, nor shall such payment or performance by LESSOR diminish or affect in any way other rights and remedies of LESSOR set
forth elsewhere in this Lease that may be applicable by reason of such failure by LESSEE to pay or perform its obligation. 
 ARTICLE 13

 INDEMNIFICATION 
 Section 13.01 LESSEE’s Indemnity. Notwithstanding LESSOR’s operation of the T/C Unit for LESSEE pursuant to the MSSA, LESSEE shall assume the sole responsibility for and indemnify, defend and hold LESSOR harmless from
and against all costs, claims and liabilities arising from LESSEE’s use or occupancy of the Premises, including without limitation: (i) damage to LESSEE’s building and all equipment located on the Premises and (ii) environmental
liabilities at the Premises arising after the Effective Date, including without limitation those that arise from LESSOR’s use or occupancy of the Premises or performance of obligations under this Lease or of Services under the MSSA, except to
the extent arising from LESSOR’s intentionally tortious acts or omissions. 

 Section 13.02 LESSOR’s Indemnity. LESSOR shall defend and indemnify LESSEE: (i) for
any liabilities claimed against LESSEE by third parties to the extent arising from LESSOR’s breach of its obligations under Sections 4(b), 10, 14, and 18 of the MSSA (ii) for any liabilities claimed against LESSEE by LESSOR employees
providing Services for worker’s compensation obligations owed by LESSSOR to said LESSOR employees, and (iii) any liabilities arising from the LESSOR’s use, occupancy or operation of the Premises or Property prior to the Effective Date
hereof. 
 ARTICLE 14 
 ENTIRE AGREEMENT 
 Section 14.01 Entire Agreement. This Lease, together with the other agreements
referred to herein, is a full recitation of the terms of the understanding between the parties with respect to the respective subject matters thereof, superseding all prior agreements, representations, proposals or understandings relating to such
subject matters and may only be modified by a writing signed by both parties. The parties intend that the terms of this Lease and those of the MSSA be read, wherever possible, to give full expression to all documents. However, in the event of a
conflict between any term of this Lease and a term of the MSSA, the terms of the MSSA shall control. 
 ARTICLE 15 

WAIVER 
 Section 15.01.
Waiver. Failure of LESSOR or LESSEE to seek redress for violation of or to insist upon the timely performance of any term, covenant or condition of this Lease (regardless of the length of the breach), shall not be deemed to be a waiver by
said party of any of its rights hereunder. No waiver by LESSOR or LESSEE at any time, expressed or implied, of any breach of any provision of this Lease shall be deemed a waiver of the breach or of any other provision of this Lease or a consent to
any subsequent similar breach or breach of any other provision. 
 ARTICLE 16 
 GOVERNING LAW 
 Section 16.01 Governing Law. To the extent that this Lease affects the rights and obligations pertaining to immovable property, it shall be construed and enforced in accordance with the laws of the State of Missouri. In all
other respects, this Lease shall be construed and enforced in accordance with the laws of the State of Missouri. 

 ARTICLE 17 
 NOTICE 
 Section 17.01 Notice. To be effective, any notice, consent, approval,
submission or demand given pursuant to this Lease or pursuant to any law or governmental regulation must be in writing. Any notice to be given under this Lease shall be in writing and shall be delivered personally or by certified mail (postage
prepaid and return receipt delivered), courier or overnight delivery service (delivery charge prepaid), or by telecopy. Any notice shall be effective only if and when it is received by the addressee. For the purposes hereof, the addresses and
telephone and telecopier numbers of LESSEE and LESSOR are as follows, provided that, either party may change such address, telephone and/or telecopier number by notice to the other party given in accordance with the provisions of this
Section 17.01: 
  

			
	LESSEE:	  	 AMVAC Chemical Corporation
 c/o American Vangard
Corporation
 4695 MacArthur Court, Suite 1250
 Newport Beach, CA
92660
 Attn: Eric Wintemute
 Fax No.:
(949) 260-1201

		
	 	  	With a copy to:
		  	 Timothy J. Donnelly
 American Vanguard
Corporation
 4695 MacArthur Court, Suite 1250
 Newport Beach, CA
92660
 timd@amvac-chemical.com

		
	LESSOR:	  	 BASF Corporation
 100 Campus Drive
 Florham Park, NJ
 Attention: Corporate Real Estate
 Telephone: (973)245-6591
 Telecopier: (973)245-6782

		
		  	With a copy to:
		
		  	 Legal Department (at the same address)
 Telecopier:
(973) 245-6706

 ARTICLE 18 
 SIGNS 
 Section 18.01 Signs. LESSEE shall have the right to install, maintain and
replace signs identifying LESSEE at the entrance to the Access Area, at the entrance to the Premises, and within the Premises, provided that LESSEE shall first have obtained the prior written approval of LESSOR of the appearance of the signs, which
approval shall not be unreasonably withheld, and LESSEE shall comply with any applicable requirements of any Governmental Authority having jurisdiction and shall obtain all necessary permits for such purposes. As used herein, the word
“sign” shall be construed to include any placard, pylon, logo, light or other advertising symbol or object, irrespective of whether it is temporary or permanent. Any signs installed by LESSEE shall be removed by LESSEE at the expiration of
the Term or sooner termination of this Lease and LESSEE shall promptly repair any damage caused thereby. 
 ARTICLE 19

 BROKERS 
 Section 19.01 Commissions. Each party represents and warrants to the other party that it has not dealt with any broker, salesman or other person who may be entitled to claim a broker’s commission, finder’s fee or other
compensation in connection with the leasing of the Premises and it has no knowledge or information that any party may or shall make such claim. Each party shall defend, indemnify and hold harmless the other party from and against any and all claims,
loss, liability, cost, and expense (including reasonable attorneys’ fees) resulting from any claim that may be made by any broker or other person claiming a commission, fee or other compensation by reason of this transaction, if the same shall
arise from a breach of the foregoing representation or warranty by such party. 
 ARTICLE 20 
 PARTIAL INVALIDITY 
 Section 20.01 Partial Invalidity. If any provision of this Lease shall be invalid or unenforceable, the remainder of the provisions of this Lease shall not be effected thereby and each and every provision of this Lease shall be
enforceable to the fullest extent permitted by law. 

 ARTICLE 21 
 FORCE MAJEURE 
 Section 21.01 Excusable Delays. The delay or inability of either
party to perform any obligation to be performed by it pursuant hereto when required (other than the obligation to make payments as provided herein), if caused by reason of “Force Majeure” (as hereafter defined) will not constitute a
default nor subject the party so failing to any liability to the other. The party affected by or anticipating a Force Majeure will promptly notify the other by the most expeditious means, confirming in writing within ten (10) working days, the
details thereof and of its expected duration and the estimated effect upon its ability to perform its obligations hereunder. Such party will promptly notify the other party when Force Majeure circumstances have ceased to affect its ability to
perform its obligations pursuant to this Lease. 
 Section 21.02 Force Majeure. The phrase “Force Majeure” means any
act of God or the public enemy; explosion; fire; storm; lightning; earthquake; flood; drought; strike; lockout or other labor trouble; riot or civil disorder; sabotage; blockade or embargo; war (whether or not declared and whether or not the United
States is a participant); Federal, State or Municipal law, regulation, order, license, priority, seizure, requisition or allocation, whether or not valid; inability of LESSEE or LESSOR to obtain raw materials, equipment, fuel, power, labor, or
transportation equipment; machinery or equipment breakdown of the Plants or a supplier’s plant, delay or accident involving transportation equipment; or any other circumstances of a similar or different nature beyond the reasonable control of
the party affected thereby. 
 ARTICLE 22 
 SHORT FORM LEASE 
 Section 22.01 Memorandum of Lease. The parties hereto will at
any time, at the request of either one, promptly execute duplicate originals of a Memorandum of Lease (in the form set forth at Exhibit C) in recordable form. In the event that this Lease is terminated pursuant to the provisions contained
herein for any cause other than LESSOR’s breach, and thirty (30) days prior to the expiration of the Term, LESSEE shall execute and deliver to LESSOR, within ten (10) days after LESSOR’s written request therefor, a release and
cancellation of this Lease, in recordable form. 
 ARTICLE 23 
 AMENDMENTS 
 Section 23.01 Amendments. No amendments or other
changes to this Lease shall be effective or binding unless the same shall be in writing and signed by the party to be charged or against whom such document is to be enforced. 

 ARTICLE 24 
 SUCCESSORS AND ASSIGNS 
 Section 24.01 Successors and Assigns. The terms,
covenants, conditions, and agreements of this Lease shall be binding upon and shall inure to the benefit of the Lessor and Lessee and their respective permitted successors and assigns, and such terms, covenants, conditions and agreements shall be
covenants running with the land and with each subsequent permitted transfer or assignment of the Leased Premises. 
 ARTICLE 25 

 HEADINGS 
 Section 25.01 Headings. The titles and headings set forth in this Lease have been included solely for ease of reference and shall not be considered in the interpretation or construction of this Lease. 
 ARTICLE 26 
 NO
PARTNERSHIP 
 Section 26.01 No Partnership Created. It is not the purpose or intention of this Lease to create (and it
shall not be construed as creating) a joint venture, partnership or any type of association, and the parties are not authorized to act as agent or principal for each other with respect to any matter related hereto. 
 ARTICLE 27 
 CONSTRUCTION

 Section 27.01 Not to be Construed Against Drafter. The parties acknowledge that they have had an adequate opportunity
to review each and every provision contained in this Lease and to submit the same to legal counsel for review and comment, including without limitation the waivers and indemnities. Based on said review and consultation, the parties agree with each
and every term contained in this Lease. Based on the foregoing, the parties agree that the rule of construction that a contract be construed against the drafter, if any, shall not be applied in the interpretation and construction of this Lease.

 ARTICLE 28 
 SEVERABILITY 
 Section 28.01. Severability. The invalidity of any one or more provisions of this Lease
shall not affect the validity of this Lease as a whole, and in case of any such invalidity, this Lease shall be construed as if the invalid provision had not been included herein. 

 ARTICLE 29 
 TIME OF THE ESSENCE 
 Section 29.01 Time of the Essence. Time is of the essence
for the performance of each and every provision of this Lease. 
 ARTICLE 30 
 SURVIVAL 
 Section 30.01.
Survival. Notwithstanding anything to the contrary contained in this Lease, all disclaimers, indemnities, representations and warranties contained in this Lease shall survive any expiration or termination of this Lease; any other agreements,
covenants, obligations and liabilities described in this Lease which from their sense and context are intended to survive any expiration or termination of this Lease (whether or not such provision expressly provides as such) shall also survive such
expiration or termination of this Lease. 
 ARTICLE 31 
 NO THIRD PARTY BENEFICIARIES 
 Section 31.01. No Third Party
Beneficiaries. Nothing contained in this Lease shall entitle anyone other than Lessor or Lessee or their permitted successors and assigns to any claim, cause of action, remedy or right of any kind whatsoever. 
 ARTICLE 32 
 OBLIGATIONS
UNCONDITIONAL 
 Section 32.01 Obligations Unconditional and Absolute. The obligations of LESSEE to make the payments
required hereof and to perform and observe the other agreements on its part contained herein shall be for purposes hereof construed as separate and independent, and the breach of any covenant by LESSOR shall not discharge or relieve LESSEE from its
obligations to perform such obligations and agreements. 
 ARTICLE 33 
 RULES OF CONSTRUCTION 
 Section 33.01 Rules of Construction. Unless
the context clearly indicates to the contrary: 
  

	 	(a)	“Herein”, “hereby”, “hereunder”, “hereinbefore”, “hereafter” and any other equivalent words refer to this Lease and not solely to
the particular portion thereof in which such word is used; 

	 	(b)	Words importing the singular number shall include the plural number and vice versa, and any pronoun used herein shall be deemed to cover all genders; 

  

	 	(c)	All references therein to particular Articles or Sections are references to Articles or Sections of this Lease; and 

  

	 	(d)	Any certificate or statement required to be delivered under the provisions of this Lease shall, in the absence of manifest error, be deemed to be conclusive evidence of the truth,
correctness and accuracy of the matters covered in such certificate or statement. 

 ARTICLE 34 
 Negotiated Resolution 
 Section 34.01 Arbitration; Consent to Jurisdiction. In the event of any dispute
between the parties arising out of or relating to the subject matter of this Agreement, the parties shall first use their reasonable efforts to resolve such dispute among themselves. If the parties are unable to use their reasonable efforts to
resolve the dispute within thirty (30) calendar days of the initiation of such procedure, the dispute shall be referred to and finally resolved by arbitration under the Rules of Arbitration of the American Arbitration Association, which Rules
shall be deemed to be incorporated by reference into this clause. The tribunal shall consist of three (3) arbitrators, of whom each of Seller and Purchaser shall be entitled to nominate one (1) and the third (3rd) of whom shall be nominated by the arbitrators nominated by Seller and Purchaser. The place of arbitration shall be Washington, D.C., USA and the
language of arbitration shall be English. 
 ARTICLE 35 
 SURRENDER 
 Section 35.01 Delivery of Possession. LESSEE
shall, at the end of the Term, or upon any earlier or sooner termination of this Lease, or upon any termination of LESSEE’s right to possess the Premises pursuant to the provisions of this Lease, well and truly surrender and deliver up the
Premises into the possession and use of LESSOR, without fraud or delay and in the condition in which LESSOR has herein agreed to maintain them, free and clear of all lettings, occupancies, liens and encumbrances, other than those existing
immediately prior to the commencement of the Term. 
 Section 35.02 Removal of Personal Property. LESSEE shall remove any and all
of LESSEE’s Personal Property which does not constitute part of the Premises. 
 Section 35.03 Retention of Personal
Property. Any Improvements or personal property which shall remain on the Premises after the expiration of the Term 

 
or earlier termination of this Lease or LESSEE’s right to possess the Premises may, at the option of LESSOR, be deemed to have been abandoned by LESSEE
and may be retained by LESSOR as LESSOR’s property or be disposed of, without liability of or accounting by LESSOR, in such manner as LESSOR may see fit, or LESSOR, at its option, may require LESSEE to remove the same at LESSEE’s expense.
In case of such removal, all costs of removal and of repairing any damage to the Premises arising from such removal shall be paid by LESSEE upon LESSOR’s demand. LESSEE shall pay to LESSOR on demand (a) a reasonable fee for storing and
disposing of any such personal property, and (b) all costs and expenses incurred by LESSOR in storing and disposing of any such personal property (including, without limitation, counsel fees relating to claims against LESSOR by any and all
parties claiming interests in such personal property). 
 {Signatures appear on the next page} 

 IN WITNESS WHEREOF the parties have caused this Lease to be executed by their duly authorized
representatives as of the Effective Date. 
  

									
	WITNESSES:	 		 	
		 		 	BASF Corporation
				
	 	 		 	By	 	 
				
	 	 		 	Title	 	 
			
	WITNESSES:	 		 	
		 		 	AMVAC Chemical Corporation
				
	 	 		 	By	 	 
				
	 	 		 	Title	 	 

 STATE OF
                                 
 COUNTY OF
                             
 BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this the
             day of December2007, personally came and appeared
                             who, being first duly sworn, did declare and acknowledge that he is the
identical person who executed the foregoing instrument in writing, that his signature thereto is his own true and genuine signature, and that he executed said instrument in his capacity as
                         of LESSOR Corporation of his own free will and accord, and as the act and deed of the said
corporation, for the purposes and consideration therein set forth and expressed. 
  

					
			
	  	 		 	  
	My Commission Expires	 		 	Notary Public

 STATE OF
                                 
 COUNTY OF
                             
 BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this the
             day of                      2007, personally came and appeared
                         who, being first duly sworn, did declare and acknowledge that he is the identical person who
executed the foregoing instrument in writing, that his signature thereto is his own true and genuine signature, and that he executed said instrument in his capacity
as                         of LESSEE and Chemicals, Inc., of his own free will and accord, and as the act and deed of the
said corporation, for the purposes and consideration therein set forth and expressed. 
  

					
			
	  	 		 	  
	My Commission Expires	 		 	Notary PublicManufacturing and Shared Service Agreement

 EXHIBIT 10.12 
 MANUFACTURING AND SHARED SERVICE AGREEMENT 
 THIS AGREEMENT is made as of
December 31, 2007 (“Effective Date”) (this “Agreement”) by and between BASF Corporation, a Delaware corporation (“BASF”), with offices at 100 Campus Drive, Florham Park, New Jersey 07932, and AMVAC Chemical
Corporation, a California corporation, with offices at 4695 MacArthur Court, Suite 1250, Newport Beach, CA 92660 (“AMVAC”). All capitalized terms herein, not otherwise defined, shall have the same meaning given to them in that certain Sale
and Purchase Agreement by and between AMVAC and BASF, dated November 27, 2006 (the “SPA”). 
 WHEREAS, AMVAC and BASF’s
parent company BASF Aktiengesellschaft entered into a Sale and Purchase Agreement dated November 17, 2006 (“SPA”), and pursuant to Article 3 of the terms of that SPA, AMVAC exercised its option to purchase those certain assets defined
and set forth in the SPA as the Optioned Assets, and have purchased such Optioned Assets as of the Option Closing Date; and 
 WHEREAS, in
connection with such purchase BASF and AMVAC have entered into a lease of that certain parcel of land described in a Ground Lease as of the Option Closing Date; and 
 WHEREAS, AMVAC desires to obtain from BASF and BASF desires to provide certain manufacturing services and the sharing of support services as more fully set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties agree as follows: 
 WITNESSETH: 
 1. Definitions. 
 (a) All capitalized terms not defined herein shall have the definition set forth in the SPA. 
 (b) “Hannibal Site” shall mean BASF's production site located in Hannibal, Missouri, U.S.A. 
 (c) Reserved. 
 (d) “Product(s)”
shall mean those products listed on Exhibit B of the SPA. New products may be added to the definition of Products upon the written agreement of both Parties, which agreement shall not be unreasonably withheld or delayed, provided however, that BASF
may take into account, without limitation, the following factors in considering the appropriateness of new products proposed by AMVAC: (i) the compatibility of the proposed new product and its associated equipment, raw materials, intermediates,
and waste streams, with those already existing at, and planned for, the Hannibal Site, and (ii) the ability of BASF to stay within all regulatory permit conditions. As part of the new product discussions between the parties as contemplated by
this section, AMVAC shall provide adequate information and training to BASF concerning any agreed new product, including without limitation the information set forth on Exhibit B-1. Once new products are accepted, all terms related to Products,
including without limitation the Management Fee set forth in Exhibit I, shall apply to such new products. 
  

 1 

 (e) “Services” shall mean those activities and services described in this Agreement and all
other services, sites, equipment, material and activities, including labor and performance, necessary, incidental or appropriate to provide the services called for in this Agreement, in a safe, clean, prompt and efficient manner. 
 (f) “T/C Unit” shall mean the T/C Site as defined in the SPA located on the property as defined in the Ground Lease. 
 2. Services. 
 (a) During the Term, and in
consideration of the fee set forth in Section 4, BASF shall: (i) purchase and pay for, receive, and store (subject to the storage limitations set forth in Exhibit M) quantities of raw materials (mutually agreed upon as set forth more fully
in Exhibit E) and packaging materials, and (ii) manufacture, load, ship and deliver, such quantities of Product, both as shall from time to time be specified by AMVAC. Manufacturing of the Product shall take place only at the T/C Unit using the
Manufacturing Equipment, and warehousing and other non-manufacturing facilities. However, the parties acknowledge that the Services shall further include all necessary services and infrastructure provided at the Hannibal Site necessary for BASF to
meet its obligations under this Agreement in a timely manner. The Services may only be conducted at facilities that operate in compliance with all Federal, State and local laws and in conformance with good practices. The Services shall also include
quality assurance and quality control (QA/QC) services for AMVAC. BASF will not change any process qualified for use in the production of Products without the prior written consent of AMVAC, except that BASF may change such processes within the
current ranges of accepted and existing process controls. BASF also agrees to test and approve production lots according to an agreed upon sample and control plan. 
 (b) So long as AMVAC performs its obligations under Section 8, BASF shall maintain the Manufacturing Equipment and other Hannibal Site resources, including employees, necessary to provide the Services to AMVAC
pursuant to this Agreement. 
 (c) BASF shall operate the T/C Unit in compliance with BASF's then applicable Hannibal Site policies relating
to health and safety, and applicable permit and other legal requirements and restrictions. 
 (d) The Parties acknowledge that a crew of
operational, supervisory and clerical personnel, as set forth at Exhibit K (“Direct Charged Personnel”), shall be charged directly to the T/C Unit. In the event the T/C Unit does not need the services of one or more of the Direct Charged
Personnel, and BASF is able to employ such personnel, then AMVAC will be credited for all hours they are employed outside the T/C Unit, at the rate BASF then is able to obtain for temporary workers for such work. BASF shall have no obligation to
employ such personnel outside the T/C Unit. BASF shall take direction from AMVAC concerning the employment at the T/C Unit of any unused Direct Charged Personnel. 
 (e) AMVAC grants to BASF and its Affiliates a revocable, paid up, royalty free, T/C Unit based license to use the Divested Transferred Rights to the extent necessary to perform BASF’s obligations under this
Agreement. BASF shall have the right to sublicense such rights to their permitted assigns, coextensive with BASF rights to assign this Agreement to a third party under Section 23 herein. 
  

 2 

 (f) BASF reserves the right, upon reasonable notice to AMVAC, to decline to operate the Manufacturing
Equipment at the T/C Unit if BASF deems it unsafe to do so. 
 3. Volume Forecasts. 
 (a) Forecast: Each month AMVAC will for planning purposes provide to BASF a non-binding rolling written forecast of its estimated monthly
requirements for Products for the ensuing eighteen (18) month period. 
 (b) Binding Forecast: At least six (6) months prior
to the date of delivery, AMVAC shall submit a binding order for Product. AMVAC is responsible for variable costs to the extent reasonably incurred in reliance on such forecast, changes that are made thereto, and other direction given to BASF from
time to time. BASF agrees that to the extent reasonably practicable, it will provide AMVAC with a best estimate of forecast changes and the potential impact on scheduled production as a result of other directions made by AMVAC.  

(c) Deliveries: BASF shall make commercially reasonable efforts to meet delivery schedule specified by AMVAC, but BASF shall have no liability
to AMVAC if, despite BASF’s efforts, a particular delivery is not made on schedule. 
 4. Payment for Services. 
 (a) In consideration of the Services rendered pursuant to this Agreement, AMVAC shall pay monthly BASF a fee equal to: 
 ***. 
 (b) BASF shall accept, in connection
with the Services called for hereby, exclusive liability for the payment of any wages, salaries or other remuneration paid to any and all persons employed by BASF in connection with the performance of the Services and other direct costs associated
with the Services. BASF shall also accept exclusive liability for the payment and reporting of any taxes or contributions for Social Security, unemployment insurance, old age payments, annuities or retirement benefits which are measured by such
wages, salaries or other remuneration paid by it in connection with the performance of the Services and comply with all applicable rules and regulations respecting the assumption of liability for any of the aforesaid taxes or contributions.

 (c) BASF shall invoice AMVAC at the end of each calendar month for the fees for that month set forth in Section 4(a). 
 5. Payment Terms. 
 AMVAC shall pay the invoices referenced in Section 4(c) above within forty-five (45) days from invoice date. Any invoiced amount not paid by the forty-sixth (46th) day following the invoice date (the “Forty-Sixth Day”) will accrue interest at the default interest rate set forth in Section 17.4 of the SPA from the
Forty-Sixth Day to the date of payment. 
  

 3 

 6. Term. 
 (a) This Agreement shall commence on the Effective Date and shall continue in effect twenty (20) years, and shall renew for additional one (1) year terms thereafter, unless terminated by either party at the end of the initial, or
any subsequent term by written notice given six (6) months in advance of the end of such term (the “Term”). 
 (b) AMVAC shall
have an immediate right to terminate this Agreement and the Ground Lease by providing written notice to BASF in the event that (A) BASF is in material breach of any of the provisions of this Agreement and does not (i) either cure such
breach within thirty (30) days after the date of such notice or, (ii) if cure can not be accomplished within thirty (30) days, begin such cure within such thirty (30) days and proceed diligently to effect such cure thereafter, or
(B) BASF (i) ceases to function as a going concern, (ii) makes an assignment for the benefit of its creditors, (iii) becomes the subject of any proceeding under applicable bankruptcy, receivership, insolvency or similar laws
instituted by or against AMVAC, which proceeding is not dismissed as to AMVAC within forty-five (45) days after it has been instituted, or (iv) liquidates or dissolves. BASF shall have an immediate right to terminate this Agreement and the
Ground Lease by providing written notice to AMVAC in the event that (A) AMVAC is in breach of any of the provisions of this Agreement and does not cure such breach within thirty (30) days after the date of such notice, or (B) AMVAC
(i) ceases to function as a going concern, (ii) makes an assignment for the benefit of its creditors, (iii) becomes the subject of any proceeding under applicable bankruptcy, receivership, insolvency or similar laws instituted by or
against BASF, which proceeding is not dismissed as to BASF within forty-five (45) days after it has been instituted, or (iv) liquidates or dissolves. 
 (c) AMVAC shall have the right to assume the operations of the T/C Unit, upon one hundred eighty (180) days written notice to BASF. In that event: (i) AMVAC shall pay to BASF all the training costs
associated with retraining of each of the BASF operating personnel covered by a collective bargaining agreement as such personnel are reassigned (through any “bid and bump” procedure then in effect with any collective bargaining agreement)
into BASF jobs outside the T/C Unit, and (ii) the fee payable to BASF shall be reduced as set forth on Exhibit J. AMVAC shall thereafter be responsible for all operation of the T/C Unit, and BASF shall be responsible only for the providing of
the Services as set forth on Exhibit H and those Services set forth on Exhibit F. 
 (d) AMVAC shall have the right to cease operations at
the Hannibal facility, upon one hundred eighty (180) days prior written notice, to terminate this Agreement and the Ground Lease without cause, provided that AMVAC shall be responsible for the Shutdown Costs (defined in Section 7).

 (e) The Parties intend that all obligations of this Agreement shall be performed, and accordingly, any provisions and obligations of this
Agreement that must survive termination or expiration of this Agreement for their fulfillment shall so survive. 
 7. Termination and Obligation to Remove
Manufacturing Equipment. 
 Upon termination of the Agreement, AMVAC will remove at its sole cost and expense and will assume sole responsibility and
liability for the dismantling, cleaning and removal of the Manufacturing Equipment and Improvements as defined in the Ground Lease from the T/C Unit as set forth more fully in the Ground Lease (“Shutdown Costs”). In the event BASF assigns
this Agreement, by operation of law or otherwise to a non-Affiliate, and AMVAC within two (2) years of such assignment elects, pursuant to Section 6(d) to terminate this Agreement and the Ground Lease, then notwithstanding the provisions
set forth above, AMVAC shall be relieved of the obligation to pay Shutdown Costs, but will make to BASF’s Assignee a one time payment of *** on the last day of this Agreement. 
  

 4 

 8. Maintenance Capital and Identified Capital Expenditures. 
 (a) As described in Section 4(v) hereof, AMVAC shall pay to BASF the costs of maintenance capital items above five thousand US Dollars ($5,000.00)
expended at the T/C Unit which (i) appreciably extend the life of the Manufacturing Equipment or (ii) are necessary for the mechanical reliability of the Manufacturing Equipment to produce Products or (iii) for the protection of
health, safety and the environment. An item shall only be defined as maintenance capital if doing so would be consistent with past practices at the Hannibal Site. BASF agrees to provide AMVAC with a maintenance capital appropriation request prior to
incurring any such cost, to which AMVAC may consent or not in its reasonable discretion. 
 AMVAC has in Section 8.4 of the SPA committed to reimburse
BASF the costs of the Maintenance Capital items set forth in Exhibit C, and in reliance upon such commitment, BASF has previously undertaken such Maintenance Capital efforts. AMVAC shall have the right to retain a third party to perform maintenance
capital items provided that (a) AMVAC shall pay such third party directly for such work and such work shall be removed from AMVAC’s payment responsibilities in the maintenance capital budget, (b) the third party must perform the work
to reasonable standards required by BASF, (c) such third party shall agree to abide by BASF’s contractor Hannibal Site rules and policies in effect at such time, and (d) the retention of such third party complies with the Hannibal
Site collective bargaining agreement(s) in place at such time. 
 (b) AMVAC agrees that it shall, at its sole cost and expense, perform, or
arrange with third parties to perform, all engineering services associated with identified capital improvements set forth on Exhibit C which remain unimplemented as of the Effective Date of this Agreement. 
 (c) AMVAC acknowledges that under no circumstances is BASF required to perform or provide to AMVAC engineering services, but further acknowledges that,
in order to safely perform the Services hereunder, BASF shall need to monitor and understand the engineering services being provided by AMVAC or such third party, and the costs of such monitoring shall be deemed by the parties part of the costs of
BASF’s rendered Services hereunder. 
 9. BASF Standard of Care and Limitation of Warranty. 
 (a) BASF shall perform the services that it is required to provide to AMVAC under this Agreement with reasonable skill and care and shall use at least
that degree of skill and care that it would exercise in similar circumstances in carrying out its own business, provided that, notwithstanding any provision of this Agreement to the contrary, the liability of BASF with respect to its performance
hereunder shall be subject to Section 9(b) and (c), below. 
 (b) Except as set forth in Section 15(c), neither BASF nor any of its
respective officers, directors, employees, agents, attorneys-in-fact or affiliates shall be liable, either in contract, in tort or otherwise, for any action taken or omitted to be taken by it or such person under or in connection with this
Agreement, except that BASF shall be liable for losses incurred by AMVAC arising out of the gross negligence or willful misconduct of BASF in the performance of the Services; provided, however, BASF’s total liability shall be limited to 100% of
the fee for the particular Service for which BASF failed to provide the required standard of care. NOTWITHSTANDING ANYTHING TO THE CONTRARY, IN NO EVENT SHALL BASF HAVE ANY LIABILITY UNDER THIS AGREEMENT FOR PUNITIVE, SPECIAL, INDIRECT OR
CONSEQUENTIAL DAMAGES OR LOSSES. 
  

 5 

 (c) EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, NEITHER PARTY GIVES NOR RECEIVES ANY WARRANTY OR
INDEMNITY, WHETHER EXPRESS OR IMPLIED, IN FACT OR IN LAW (INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE). 
 (d) EXCEPT AS EXPRESSLY SET FORTH HEREIN, AMVAC SHALL NOT HAVE ANY LIABILTY UNDER THIS AGREEMENT FOR PUNITIVE, SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR LOSSES. 
 10. Covenant Not To Encumber. 
 Title to all raw material, Products and packaging furnished by or on
behalf of AMVAC shall at all times remain in AMVAC, and BASF hereby disclaims any right, title or interest in any such raw material, Products or packaging. BASF shall not impose or permit to be imposed upon any of the raw material, Product or
packaging furnished by or on behalf of AMVAC or the Manufacturing Equipment and within the custody and control of BASF any liens or encumbrances whatsoever, except for liens caused by or created by AMVAC, and BASF warrants to AMVAC with respect to
all of the same delivered by it hereunder, that such raw material, Products and packaging shall be delivered free from any lawful security interest or lien or other encumbrance through BASF. BASF shall defend, indemnify and hold AMVAC harmless
against all liens and claims created by BASF against any of the raw material, Products or packaging, and those for labor and materials, except for liens caused or created by AMVAC. AMVAC shall be solely responsible for settling by agreement or
otherwise providing for the discharge of any lien or claim not created by BASF which prevents or interferes with BASF's performance of Services, and shall indemnify and hold BASF harmless from all claims, liabilities, expenses, damages or losses
arising out of or resulting from any such lien or claim. BASF shall be solely responsible for settling by agreement or otherwise providing for the discharge of any lien or claim permitted by BASF on the raw material, Products, packaging, or
Manufacturing Equipment. 
 11. Hazards. 
 AMVAC must
receive BASF's prior written approval, which approval shall not be unreasonably withheld or delayed, before bringing any raw material onto the Hannibal Site, shall be responsible for properly registering all such materials with the USEPA, shall
convey in writing to BASF any use restrictions that may exist in connection with such materials, and shall provide BASF at a minimum with a copy of the MSDS and the materials set forth in Exhibit B-1. 
 12. Insurance. 
 (a) During the term of this
Agreement, BASF shall procure and maintain in full force and effect (or shall have the option to self insure), the following minimum insurance coverage against the risks specified in this Agreement: 
 (i) Workers’ compensation insurance in compliance with the workers’ compensation laws of the state in which BASF has employees performing
Services, and employer’s liability insurance with a minimum limit of $500,000/occurrence, and coverage required under the Longshoreman and Harbor Workers’ Act, and Federal Employee Liability Act if applicable; 
  

 6 

 (ii) Commercial general liability insurance including premises, broad form property damage, contractual,
products/completed operations coverage, each with a minimum limit of $5,000,000 each occurrence; 
 All risks insurance (including fire and
extended coverage) sufficient to provide full replacement value for loss or damage to Products and raw material and packaging of AMVAC in the care, custody or control of BASF; and 
 (iii) Motor vehicle insurance for vehicles owned, leased or operated by BASF, with minimum limits of $1,000,000 liability coverage per occurrence combined
single limit. 
 (b) All insurance required to be maintained by BASF in paragraph 12(a) above, shall (i) include AMVAC as additional
insureds (policies to be primary with respect to coverages afforded to additional insureds), and (ii) indicate that the insurer will endeavor to provide at least thirty (30) days’ prior written notice to AMVAC before any cancellation
or non-renewal. Evidence of all such insurance shall be made available by BASF to AMVAC (A) prior to performance of Services as specified in this Agreement and (B) as reasonably requested thereafter. 
 (c) BASF agrees to release and waive, and hereby releases and waives, all rights of subrogation against AMVAC possessed by BASF’s insurer(s). BASF
hereby represents to AMVAC that it is authorized to make such release and waiver under such policies of insurance. 
 (d) During the term of
this Agreement, AMVAC shall procure and maintain in full force and effect (or shall have the option to self insure), the following minimum insurance coverage against the risks specified in this Agreement: 
 (i) All risks property insurance (including fire and extended coverage) sufficient to provide full replacement value for loss or damage to facilities and
equipment owned by AMVAC, or for which AMVAC may be responsible. 
 (ii) With respect to any AMVAC employees located at the T/C Unit, Workers'
compensation insurance in compliance with the workers’ compensation laws of the State of Missouri, and employer's liability insurance with a minimum limit of $500,000/occurrence. 
 (e) All insurance required to be maintained by AMVAC in paragraph 12(d) above, shall (i) include BASF as additional insureds (policies to be primary
with respect to coverages afforded to additional insureds), and (ii) indicate that the insurer will endeavor to provide at least thirty (30) days’ prior written notice to BASF before any cancellation, or non-renewal. Evidence of all
such insurance shall be made available by AMVAC to BASF (A) upon execution of this Agreement and (B) as reasonably requested thereafter. 
 (f) AMVAC agrees to release and waive, and hereby releases and waives, all rights of subrogation against BASF possessed by AMVAC’s insurer(s). AMVAC hereby represents to BASF that it is authorized to make such release and waiver under
such policies of insurance. 
  

 7 

 13. Inspection. Audit Rights. 
 (a) BASF shall keep separate, full and accurate books, accounts and records pertaining to (i) the provision of Services, including the quantities and inventories of raw material, packaging and labels received
from AMVAC or on behalf of AMVAC and the quantities and inventory of raw materials, containers, and Product used, manufactured, packaged, repackaged, stored and loaded by BASF, whichever applies, (ii) the performance of capital maintenance and
(iii) its calculation of the costs of both (i) and (ii) for a period of three (3) calendar years or for any additional periods as may be prescribed or required by applicable law. BASF shall also provide to AMVAC a sample of each
batch of Product manufactured or packaged under this Agreement, appropriately coded to identify samples to the Product shipped. BASF shall sample each batch of deodorized product and maintain a four (4) ounce sample onsite for one
(1) year. 
 (b) BASF shall provide to AMVAC such information as AMVAC shall reasonably request with respect to the employee benefits
provided to any employees who perform Services on a substantially full-time basis for a period of one year or longer and such other information needed by AMVAC to demonstrate compliance with the requirements of Internal Revenue Code
Section 4l4(n) and related subsections, as amended from time to time, pertaining to “leased employees.” For this purpose, “on a substantially full-time basis” shall mean 1500 hours or more in a twelve (12) month period
or such other amount specified by U.S. tax regulation or notice in effect during the term of this Agreement. 
 (c) AMVAC shall have the
right to request an independent audit in order to verify that all costs charged to AMVAC by BASF under this Agreement have been calculated in accordance with the provisions of this Agreement, provided, however that such request must be made in
writing delivered to BASF within one year after the costs involved are invoiced to AMVAC. AMVAC may request that such audit be made by an independent auditor acceptable to BASF, no more than once per year. The auditor shall report its findings and
the auditor’s report shall be final and binding on both parties. BASF shall make any necessary adjustments to the charges, including reimbursement of any retroactive overcharges or invoicing of any retroactive undercharges, based on the
auditor's report. The costs of any audit would be borne by AMVAC, unless a discrepancy of ten percent (10%) or greater is discovered in favor of AMVAC, in which instance the cost of the audit shall be borne by BASF. 
 14. Taxes. 
 All Federal, state and municipal taxes (except taxes
levied on net income or net worth and except taxes and withholdings based on wages and salaries) which are directly attributable to the receipt by BASF of raw material, the manufacture, packaging or repackaging, as applicable, of Product or
deliveries of Product made pursuant to this Agreement, shall be for the account of AMVAC, and AMVAC shall either pay all such taxes directly or reimburse BASF for payment of the same, as the case may be, consistent with the provisions hereof. In no
event shall AMVAC be liable to BASF for any license, franchise or income tax payable by BASF as a result of the existence of the Hannibal Site or income derived therefrom. BASF shall pay all property, ad valorem and other taxes and charges relating
to the T/C Unit, the Hannibal Site, materials and services provided to AMVAC hereunder directly to the appropriate taxing authority, except personal property taxes on the Manufacturing Equipment, which shall be paid by AMVAC, and except for those
permits required by Section 21 to be obtained and maintained by AMVAC shall obtain and maintain all necessary federal, state or local licenses, permits and other required documentation for BASF's operations hereunder. 
  

 8 

 15. Risk of Loss/Indemnification. 
 (a) BASF shall have responsibility and liability for care, custody or control of all raw materials, container, labels and Product from the time the same is delivered to BASF until delivery of Product to AMVAC, and
shall use commercially reasonable efforts to reduce yield loss to two and one half percent (2.5%) above the target yields for the Products set forth in Exhibit E-1. 
 (b) Notwithstanding BASF’s operation of the T/C Unit for AMVAC as set forth herein, AMVAC shall assume the sole responsibility for and indemnify, defend and hold BASF harmless from and against all liabilities,
including without limitation: (i) damage to AMVAC building and all equipment located on the T/C Unit and environmental liabilities at the T/C Unit arising after the Effective Date, including without limitation those that arise from BASF’s
performance of Services under this Agreement, except to the extent arising from BASF’s intentionally tortious acts or omissions. 
 (c)
BASF shall defend and indemnify AMVAC: (i) for any liabilities claimed against AMVAC by third parties to the extent arising from BASF’s breach of its obligations under Sections 4(b), 10, 14, and 18 , and (ii) for any liabilities
claimed against AMVAC by BASF employees providing Services hereunder for worker’s compensation obligations owed by BASF to said BASF employees, and (iii) for any liabilities claimed against AMVAC by third parties solely arising from
BASF’s failure to maintain necessary licenses and permits applicable to the performance of Services hereunder, but such indemnity in this subsection (iii) shall only apply if obtaining and maintenance of such permits was within the control
of BASF. 
 (d) In the case of any claim for indemnification arising from a claim of a third party, the Indemnified party shall give prompt
written notice, in no event more than twenty (20) days following such indemnified party's receipt of such claim or demand, to the indemnifying party of any claim or demand which such indemnified party has knowledge and as to which it may
request indemnification hereunder, provided that the failure so to notify the indemnifying party shall not relieve such indemnifying party of its obligations hereunder except to the extent such failure shall have actually and materially prejudiced
the indemnifying party. The indemnifying party shall have the right to defend and to direct the defense against any such claim or demand, in its name or in the name of the indemnified party, as the case may be, at the expense of the indemnifying
party, and with counsel selected by the indemnifying party unless (i) such claim or demand seeks an order, injunction or other equitable relief against the indemnified party, or (ii) the indemnified party shall have reasonably concluded
that (x) there is a conflict of interest between the indemnified party and the indemnifying party in the conduct of the defense of such claim or demand or (y) the indemnified party has one or more defenses not available to the indemnifying
party. Notwithstanding anything in this Agreement to the contrary, the indemnified party shall, at the expense of the indemnifying party, cooperate with the indemnifying party, and keep the indemnifying party fully informed, in the defense of such
claim or demand. The indemnified party shall have the right to participate in the defense of such claim or demand with counsel employed at its own expense; provided, however, that, in the case of any claim or demand described in clause (i) or
(ii) of the second preceding sentence or as to which the indemnifying party shall not in fact have employed counsel to assume the defense of such claim or demand, the reasonable fees and disbursements of such counsel shall be at the expense of
the indemnifying party. The indemnifying party shall have no indemnification obligations with respect to any such claim or demand which shall be settled by the indemnified party without the prior written consent of the indemnifying party, which
consent shall not be unreasonably withheld or delayed. 
  

 9 

 16. Delivery. 
 Product shall be delivered to AMVAC FOB BASF’s Hannibal, MO site, to the T/C Unit warehouse for Product in drums and the bulk tanks in the case of bulk Product. 
 17. Force Majeure. 
 Notwithstanding any other provision of this Agreement, no liability for failure or delay in
performance hereunder (other than payment of any invoice) shall be incurred by either party to the other, where such failure or delay is due, in whole or in part, to acts of civil or military authority, national emergencies, war, riot, fire, flood,
storm, labor difficulties, act of God, unavailability or shortage of raw material or energy, failure of transportation or transmission facilities or any cause beyond the reasonable control of the affected party. In the event of an occurrence of any
contingency which interrupts or interferes with, or can reasonably be foreseen to interrupt or interfere with, the delivery of Products hereunder, the affected party shall notify the other party, in writing and with particularity, of the nature of
any such occurrence and the projected duration thereof, and shall thereafter continue to keep the other party apprised of developments that may lengthen or shorten the duration of such interruption or interference. The affected party shall act in
good faith and with due diligence to remove such contingency; provided, however, that the settlement of any labor dispute by the party so affected shall be within the sole discretion of that party. Nothing in this Section 17 shall be construed
so as to excuse liability for any payment due and unpaid during the time of the force majeure event. 
 18. Exclusive Use of Manufacturing Equipment. 

 BASF agrees that it shall use the Manufacturing Equipment and T/C Unit exclusively to perform Services for AMVAC, provided, however, that BASF shall have
the right to use the P255 Tow Motor for occasional use, such use not to interfere with the operation of the T/C Unit. 
 19. Relationship of Parties. 

 Nothing contained in any Agreement shall be deemed to create an agency, joint venture, partnership or franchise relationship between the parties, and
neither AMVAC nor BASF is authorized to take any action in any way whatsoever binding on, or for or on behalf of, the other, except to the extent, if any, expressly set forth in the applicable Agreement. 
 20. Confidentiality. 
 All confidential and/or proprietary information
or documentation, regardless of its form (“Confidential Information”), of either party which is disclosed to, is acquired by or comes into the possession of, the other party hereto through operation of this Agreement shall be held in
confidence by the other party (including its affiliates) and shall be protected against unauthorized disclosure to the same extent and in the same manner as such party protects its own confidential or proprietary information. Neither party shall
disclose, publish, release, transfer or otherwise make available Confidential Information of the other party in any form to, or for the use or benefit of, any person or entity, or duplicate or reproduce the same, without such other party's prior
written approval. Each party shall, however, be permitted to disclose relevant aspects of the other party’s Confidential Information to its officers, agents, employees and authorized representatives and to the officers, agents, employees and
authorized representatives of its affiliates, to the extent that such disclosure is reasonably necessary to the performance of its duties and obligations under this Agreement, provided that such party shall take all reasonable measures to ensure
that Confidential 

  

 10 

 
Information of the other party is not disclosed or duplicated in contravention of the provisions of this Agreement by any such officer, agent, employee or
authorized representative. The obligations in this Section 21 shall not ( a) restrict any disclosure by either party of the other party’s Confidential Information pursuant to any applicable law, or in compliance with the order of any
governmental or regulatory authority of competent jurisdiction, provided that the disclosing party shall promptly give written notice thereof to the other party so as to permit such other party to apply for a protective order, (b) apply with
respect to information that (i) can be demonstrably shown to have been in the possession of the receiving party at the time of disclosure by the disclosing party or to have been independently developed by the receiving party; (ii) is at
the time of such disclosure in the public domain, or thereafter comes into the public domain from a third party and through no fault of the receiving party; or (iii) shall have become legally available to the receiving party from a third party
having no obligation of confidentiality with respect thereto; or (c) apply after five (5) years from the termination date of this Agreement. 
 21. Compliance With Laws. 
 (a) BASF hereby agrees that in performing its obligations under this Agreement, BASF shall comply
with all Federal, state and local laws, rules, regulations and ordinances (including, but not limited to, CERCLA, RCRA, CWA, HMTA and OSHA) as the same may be amended from time to time. BASF has maintained and shall at all times maintain all
necessary licenses and permits applicable to the performance of the Services under this Agreement except for a Missouri permit for air emissions and a permit from the US Bureau of Alcohol, Tobacco and Firearms of the use of ethanol, to be obtained
and maintained by AMVAC. 
 (b) AMVAC shall provide and be solely responsible for the legal and regulatory company of container markings,
label text or the labels themselves and AMVAC warrants that such markings, text and labels shall be, at all times, in compliance with, and shall conform to the requirements of all applicable Federal, state and local laws, ordinances, rules, and
regulations. BASF shall affix such markings, text and labels to Product, packaging and containers as directed by AMVAC. 
 (c) BASF
acknowledges that it understands that AMVAC is an Equal Opportunity Employer and BASF warrants that BASF complies with the Fair Labor Standard Act of 1938, as amended, in its operations in support of this Agreement. BASF agrees that, if this
Agreement is construed to be a subcontract within the meaning of the Rules and Regulations approved by the United States Secretary of Labor pursuant to Executive Order 11246, as amended, the Vietnam Era Veterans Readjustment Act of 1974, as amended,
or the Rehabilitation Act of 1973, as amended, or of the regulations issued pursuant to Executive Order 11625, the provisions of those regulations as well as the Equal Opportunity and Nondiscrimination provision of Section 202 of Executive
Order 11246 shall be incorporated herein by reference and shall be binding upon BASF as part of this Agreement. 
 22. Access Rights. 
 During the Term, BASF shall provide AMVAC with access to the T/C Unit for the purpose of observing, forecasting, planning production and operations. Additionally, AMVAC
shall have reasonable access to the employees operating the Manufacturing Equipment and the T/C Unit provided that at no time shall AMVAC act in a supervisory position to the operators. All access shall be in accordance with the provisions set forth
in Exhibit G hereto. AMVAC employees that are granted such access shall at all times be subject to and shall follow all Hannibal Site and T/C Unit guidelines and policies, including all safety guidelines and policies. 
  

 11 

 23. Miscellaneous. 
 (a) Entire Agreement. This Agreement, together with the Exhibits hereto, and the Ground Lease, and the SPA, constitutes the entire agreement and sets forth the entire understanding of the parties and their
Affiliates with respect to the subject matter hereof, supersedes all prior agreements, covenants, arrangements, letters, communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party,
including without limitation the Technical Deodorized Grade Phorate Product Sales Agreement dated October 31, 2005 and the Terbufos Supply Agreement as defined in the SPA, and may not be modified, amended or terminated by mutual consent except
by a written agreement specifically referring to this Agreement and signed by the parties hereto and any other party to be charged. The parties expressly agree that to the extent that form purchase orders, confirmations, acceptances and invoices, or
similar documents, are used to facilitate specific purchases of Services or payment for Services under this Agreement, any conflicting, additional or different terms (other than transaction specific information covering quantity, times for
performance or method for transportation, which information is added to the forms), provisions or conditions contained therein, shall not become a part of the Agreement. 
 (b) Notices. Any and all notices or other communications required or permitted to be given under any of the provisions of this Agreement shall be in writing and shall be delivered personally, or by facsimile,
or sent by first class registered or certified mail, return receipt requested, or if mailed, five (5) Business Days after the date of mailing. For the purposes hereof, the addresses, telephone numbers and facsimile numbers (until notice of a
change thereof, served as provided in this section) are as follows: 
 If to BASF: 
 BASF Corporation 
 26 Davis Drive 
 Research Triangle Park, NC 27709 
 Attn: Group Vice President Agricultural Products 
 With a copy to: 
 BASF Corporation 
 100 Campus Drive 
 Florham Park, NJ 07932 
 Attn:
General Counsel 
 If to American Vanguard Corporation: 
 American Vanguard Corporation 
 4695 MacArthur Court, Suite 1250 
 Newport Beach, CA 92660 
 Attn: Eric Wintemute 
 Fax No.: (949) 260-1201 
 With a copy to: 
 Timothy J. Donnelly 
 American Vanguard Corporation 
 4695 MacArthur Court, Suite 1250 
 Newport Beach, CA 92660timd@amvac-chemical.com 
  

 12 

 Routine operating instructions, requests, directions and notices dealing with the delivery and shipment of Products, and
other similar communications, unless otherwise requested to be in writing, may be given in such manner and to such persons as is customary or practicable. 
 (c) No Waiver; Remedies. No waiver of any breach or default hereunder shall be considered valid unless in writing and signed by the party giving such waiver, and no such waiver shall be deemed a waiver of any
subsequent breach or default of the same or similar nature. No failure on the part of any party to exercise, and no delay in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right, remedy, power or privilege; and no waiver whatever shall be valid unless in writing signed by the party or parties to be charged and then only to the extent specifically set forth in such writing. All remedies, rights,
powers and privileges, either under an Agreement or by law or otherwise afforded the parties to an Agreement shall be cumulative and shall not be exclusive of any remedies, rights, powers and privileges provided by law. Each party hereto may
exercise all such remedies afforded to it in any order of priority. 
 (d) Assignment; Successors and Assigns. This Agreement may not
be assigned by operation of law or otherwise, and any attempted assignment shall be null and void. Notwithstanding the foregoing, either party may without further consent of the other party assign its rights under this Agreement (a) in
connection with the transfer or sale of all or substantially all of the assets of such party, (b) pursuant to the sale of a majority of the ownership interest of such party or the merger or consolidation of such party with a third party,
(c) to any affiliate of the assigning party, or (d) in connection with the sale by BASF of the Hannibal Site to a third party. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors, assigns and legal representatives. Any such successor or assign shall assume all of the party's obligations under this Agreement and shall be fully bound by the terms and conditions of this Agreement, and any such assignment shall
relieve the assigning party of any further obligations arising from this Agreement. BASF shall not sell or assign either: (i) all or substantially all of its assets or (ii) the Hannibal Site to a third party without also assigning this
Agreement to such third party. 
 (e) Governing Law. This Agreement shall be governed by and construed in accordance with the internal
laws of the State of Missouri. 
 (f) Arbitration; Consent to Jurisdiction. In the event of any dispute between the parties arising
out of or relating to the subject matter of this Agreement, the parties shall first use their reasonable efforts to resolve such dispute among themselves. If the parties are unable to use their reasonable efforts to resolve the dispute within thirty
(30) calendar days of the initiation of such procedure, the dispute shall be settled by arbitration as provided in Section [17.11] of the SPA. 
 (g) Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective as to the extent of such prohibition or unenforceability without invalidating
the remaining provisions of this Agreement or affecting the validity or enforcement of such provision in any other jurisdiction. 
  

 13 

 (h) Counterparts/Facsimile Signature. This Agreement may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Additionally, the parties acknowledge and agree that a facsimile signature to this
Agreement shall be recognized as an original signature. 
 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement
on the date and year first above written. 
  

			
	AMVAC CHEMICAL CORPORATION
		
	By:	 	 
		
	Name:	 	
		
	Title:	 	
		
	Date:	 	

  

			
	BASF CORPORATION
		
	By:	 	 
		
	Name:	 	
		
	Title:	 	Assistant Secretary
		
	Date:	 	

  

 14

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