Document:

EX-10.19

 Exhibit 10.19 
 LOAN AGREEMENT 
 THIS LOAN AGREEMENT (this “Agreement”),
dated as of October 16, 2012, is made by and among Marrone Bio Innovations, Inc., a Delaware corporation (the “Company”), each of the Lenders named on the signature pages of this Agreement (each a “Lender” and,
collectively, the “Lenders”), and Gordon Snyder, an individual (“Snyder”), as administrative agent and collateral agent for the Lenders (in such capacity, the “Agent”). 

The Company has requested that the Lenders make term loans to the Company in an aggregate principal amount of up to $2,500,000 and that
the Agent agree to act as administrative agent and collateral agent for the benefit of the Lenders with respect thereto. 
 The
Company, the Agent, and the Lenders desire to enter into this Agreement to evidence the willingness of the Lenders to provide the term loan facility and of the Agent to act on behalf of the Lenders and to set forth the rights and obligations of the
parties with respect to such credit facility. 
 Accordingly, the parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS 

SECTION 1.01 Certain Defined Terms. As used in this Agreement (including in the recitals hereof), the following terms shall have
the following meanings: 
 “Acquired Indebtedness” means Indebtedness of a Person whose assets or stock is
acquired by the Company in a Permitted Acquisition; provided, however, that such Indebtedness (i) was in existence prior to the date of such Permitted Acquisition, and (ii) was not incurred in connection with, or in
contemplation of, such Permitted Acquisition. 
 “Administrative Agency Fee” has the meaning set forth in
Section 2.05. 
 “Affiliate” means any Person which, directly or indirectly, controls, is
controlled by or is under common control with another Person. For purposes of the foregoing, “control,” “controlled by” and “under common control with” with respect to any Person shall mean the possession, directly or
indirectly, of the power (i) to vote 10% or more of the securities having ordinary voting power of the election of directors of such Person, or (ii) to direct or cause the direction of the management and policies of such Person, whether
through the ownership of voting securities or by contract or otherwise. 
 “Agent” has the meaning set forth in
the recital of parties to this Agreement. 
 “Applicable Maturity Date” means, with respect to each Loan, the
date when such Loan is paid in full or otherwise no longer outstanding, including, without limitation, the date when any Note related to such Loan is converted pursuant to Section 2.13(a), (b), or (c). 

“Assignment and Assumption” has the meaning set forth in Section 9.07(b)(ii). 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy.” 

  
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 “Business Day” means a day other than a Saturday or a Sunday on which banks
are open for business in California. 
 “Closing Date” has the meaning set forth in Section 3.01.

 “Code” means the California Uniform Commercial Code, as in effect from time to time. 

“Collateral” means the property described in the Collateral Documents, and all other property now existing or hereafter
acquired which may at any time be or become subject to a Lien in favor of the Agent for the benefit of the Lenders pursuant to the Collateral Documents or otherwise, securing the payment and performance of the Obligations. 

“Collateral Documents” means any Security Agreement, any pledge agreement or any other agreement pursuant to which the
Company or any other Person provides a Lien on its assets in favor of the Agent for the benefit of the Lenders, and all filings, documents and agreements made or delivered pursuant thereto. 

“Commitment” means, as to any Lender, the amount set forth opposite its name on Schedule 1, or, where the context
so requires, the obligation of such Lender to make its Loan up to such amount on the terms and conditions set forth in this Agreement. 
 “Company” has the meaning set forth in the recital of parties to this Agreement. 
 “Company IPO” means the Company’s initial public offering of common stock. 
 “Default” means an Event of Default or an event or condition which with notice or lapse of time or both would constitute an Event of Default. 

“Dollars” and the sign “$” each means lawful money of the United States. 

“Environmental Laws” means all federal, state or local laws, statutes, common law duties, rules, regulations, ordinances
and codes, together with all administrative orders, directives, requests, licenses, authorizations and permits of, and agreements with (including consent decrees), any governmental agencies or authorities, in each case relating to or imposing
liability or standards of conduct concerning public health, safety and environmental protection matters. 
 “Equity
Financing” means an equity financing of the Company for an aggregate consideration of at least $5,000,000 (other than the Company IPO). 
 “ERISA” means the Employee Retirement Income Security Act of 1974, including (unless the context otherwise requires) any rules or regulations promulgated thereunder. 

“Event of Default” has the meaning set forth in Section 6.01. 

“First Extended Term” means the period of time commencing from and after (but not including) the Initial Maturity Date
until October 16, 2016. 
 “GAAP” means generally accepted principles of good accounting practice in the
United States, consistently applied. 
 “Highest Lawful Rate” has the meaning set forth in Section 2.07.

  
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 “Indebtedness” any indebtedness or obligation for borrowed money, the
deferred purchase price of property or leases which would be capitalized in accordance with GAAP, any reimbursement and other obligations in respect of letters of credit and surety or performance bonds, and all net obligations in respect of
derivative products; and any liability as a surety, guarantor, accommodation party or otherwise for or upon the indebtedness or obligation of any other Person of the nature described above. 

“Initial Maturity Date” means October 16, 2015. 

“Insolvency Proceeding” means (i) any case, action or proceeding before any court or other governmental agency or
authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (ii) any general assignment for the benefit of creditors, composition, marshalling of assets for
creditors, or other, similar arrangement in respect of any Person’s creditors generally or any substantial portion of such Person’s creditors, in each case undertaken under U.S. Federal, state or foreign law, including the Bankruptcy Code.

 “Intercreditor Agreement” means an intercreditor agreement or agreement among lenders or similar agreement
between Snyder, as agent for the Lenders party hereto and the lenders party to the Loan Agreement with respect to the Note Financing With Warrants [October] 2012, and Point setting forth the rights and obligations of such Persons with respect to the
security interests granted to such Persons in and to the property of the Company. 
 “Internal Revenue Code”
means the Internal Revenue Code of 1986, including (unless the context otherwise requires) any rules or regulations promulgated thereunder. 
 “IRS” means the Internal Revenue Service or any successor thereto. 
 “Lender” and “Lenders” have the respective meanings set forth in the recital of parties to this Agreement. 

“Lien” means any mortgage, deed of trust, pledge, security interest, assignment, deposit arrangement in the nature of a
security interest, charge or encumbrance, lien or other type of preferential arrangement (other than a financing statement filed by a lessor in respect of an operating lease not intended as security). 

“Loan” and “Loans” have the respective meanings set forth in Section 2.01. 

“Loan Documents” means this Agreement, the Notes, the Collateral Documents, any Subordination Agreement, and all other
certificates, documents, agreements and instruments required to be delivered to the Agent or the Lenders under or in connection with this Agreement. 
 “Majority Lenders” has the meaning set forth in Section 7.03. 
 “Material Adverse Effect” means any change, occurrence, event, circumstance or development that has had or could reasonably be expected to have a material adverse effect on (i) the
business, properties, assets, liabilities, financial condition, operation or performance of the Company; or (ii) the validity or enforceability of any of the Loan Documents or the rights and remedies of the Agent or the Lenders hereunder.

 “Michigan Facility” means the plant facility located in Bangor, Michigan. 

“Note” has the meaning set forth in Section 2.03. 

  
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 “Note Financing With Warrants October 2012” means the financing pursuant to
that certain Loan Agreement, dated as of October 2, 2012, by and among the lenders from time to time party thereto, Snyder, as administrative agent and collateral agent for such lenders, and the Company relating to the term loans in an
aggregate amount of up to $7,500,000, as such agreement is amended, restated, supplemented or otherwise modified from time to time. 
 “Obligations” means the indebtedness, liabilities and other obligations of the Company to the Agent and the Lenders under or in connection with the Loan Documents, including the Loans,
all interest accrued thereon, all fees due under this Agreement and all other amounts payable by the Company to the Agent or any Lender thereunder or in connection therewith, whether now or hereafter existing or arising, and whether due or to become
due, absolute or contingent, liquidated or unliquidated, determined or undetermined. 
 “Organic Documents”
means, relative to any Person, its articles or certificate of incorporation, or certificate of limited partnership or formation, and its bylaws, partnership or operating agreement or other organizational documents. 

“Permitted Acquisition” means any acquisition so long as: 

(i) no Event of Default shall have occurred and be continuing or would result from the consummation of the proposed
acquisition and the proposed acquisition is consensual; 
 (ii) no Indebtedness will be incurred, assumed, or
would exist with respect to the Company as a result of such acquisition, other than Indebtedness permitted under Section 5.03(a)(xi) and (xii) and no Liens will be incurred, assumed, or would exist with respect to the assets of the
Company as a result of such acquisition other than Permitted Liens; 
 (iii) the Company has provided the Agent
with written notice of the proposed acquisition at least five (5) days prior to the anticipated closing date of the proposed acquisition and, not later than two (2) days prior to the anticipated closing date of the proposed acquisition,
copies of the acquisition agreement and other material documents relative to the proposed acquisition; 
 (iv)
the assets being acquired (other than a de minimis amount of assets in relation to the Company’s total assets), or the Person whose stock is being acquired, are useful in or engaged in, as applicable, the business of the Company or a
business reasonably related thereto; and 
 (v) prior to the closing of the Company IPO, the purchase
consideration payable in respect of all Permitted Acquisitions (including the proposed acquisition and including deferred payment obligations) shall not exceed $30,000,000 in the aggregate (it being agreed and acknowledged by the Agent, the Lenders,
and the Company that on, in connection with, or after the closing of the Company IPO, there shall not be a limit as to the purchase consideration payable in respect of Permitted Acquisitions). 

“Permitted Liens” has the meaning set forth in Section 5.03(b). 

“Person” means an individual, corporation, partnership, limited liability company, joint venture, trust, unincorporated
organization or any other entity of whatever nature or any governmental agency or authority. 
 “Point” means
Point Financial, Inc. 

  
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 “Point Security Agreement” means that certain Security Agreement, dated
April 13, 2012, by and between the Company and Point, as such agreement is amended, restated, supplemented or otherwise modified from time to time; provided, however, that the principal amount of the indebtedness evidenced or secured by
the Point Security Agreement is not increased except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such amendment, restatement, supplement or other
modification. 
 “Prepayment Notice” has the meaning set forth in Section 2.09(a). 

“Pro Rata Share” means, as to any Lender at any time, the percentage equivalent (expressed as a decimal) at such time of
such Lender’s Commitment divided by the combined Commitments of all Lenders (or, if all Commitments have been terminated, the aggregate principal amount of such Lender’s Loans divided by the aggregate principal amount of the Loans then
held by all Lenders). The initial Pro Rata Share of each Lender is set forth opposite such Lender’s name in Schedule 1 under the heading “Pro Rata Share.” 

“Purchase Money Indebtedness” means Indebtedness incurred to finance the acquisition of fixed assets, capital assets
(whether pursuant to a loan, a capitalized lease or otherwise) or other assets (including manufacturing plants), including the development, furnishing and operation hereof. 
 “Responsible Officer” means, with respect to any Person, the chief executive officer, the president, the chief financial officer or the treasurer of such Person, or any other senior
officer of such Person having substantially the same authority and responsibility. 
 “Sale of the Company”
means (a) a sale or transfer of all or substantially all of the Company’s assets, or (b) the acquisition of the Company by means of any transaction or series of related transactions (including, without limitation, any reorganization,
merger or consolidation) that results in the transfer of more than 50% of the outstanding voting power of the Company; provided that a transaction shall not constitute a Sale of the Company if its sole purpose is to change the state of the
Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the Persons who held the Company’s securities immediately before such transaction. 

“SEC” means the Securities and Exchange Commission, or any successor thereto. 

“Securities Act” has the meaning set forth in Section 8.01(c). 

“Second Extended Term” means the period of time commencing from and after (but not including) the First Extended Term
until October 16, 2017. 
 “Security Agreement” means a Security Agreement between the Company and the
Agent, in form and substance reasonably satisfactory to the Agent. 
 “Snyder” has the meaning set forth in the
recital of parties to this Agreement. 
 “Subordinated Debt” means any Indebtedness of the Company subordinated
to the Obligations, incurred or outstanding in accordance with Section 5.03(a)(xv) and subject to a Subordination Agreement. 
 “Subordination Agreement” means any subordination agreement with respect to Subordinated Debt among the Company, the applicable creditor(s) and the Agent, in form and substance reasonably
satisfactory to the Agent. 

  
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 “Subsidiary” means any corporation, association, partnership, limited
liability company, joint venture or other business entity of which more than 50% of the voting stock or other equity interest is owned directly or indirectly by any Person or one or more of the other Subsidiaries of such Person or a combination
thereof. 
 “United States” and “U.S.” each means the United States of America. 

SECTION 1.02 Accounting Terms. Unless otherwise defined or the context otherwise requires, all accounting terms not expressly
defined herein shall be construed, and all accounting determinations and computations required under this Agreement or any other Loan Document shall be made, in accordance with GAAP. 

SECTION 1.03 Interpretation. In the Loan Documents, except to the extent the context otherwise requires: (i) any reference
to an Article, a Section, a Schedule or an Exhibit is a reference to an article or Section thereof, or a schedule or an exhibit thereto, respectively, and to a subsection or a clause is, unless otherwise stated, a reference to a subsection or a
clause of the Section or subsection in which the reference appears; (ii) the words “hereof,” “herein,” “hereto,” “hereunder” and the like mean and refer to this Agreement or any other Loan Document as a
whole and not merely to the specific Article, Section, subsection, paragraph or clause in which the respective word appears; (iii) the meaning of defined terms shall be equally applicable to both the singular and plural forms of the terms
defined; (iv) the words “including,” “includes” and “include” shall be deemed to be followed by the words “without limitation;” (v) references to agreements and other contractual instruments shall be
deemed to include all subsequent amendments and other modifications thereto, but only to the extent such amendments and other modifications are not prohibited by the terms of the Loan Documents; (vi) references to statutes or regulations are to
be construed as including all statutory and regulatory provisions consolidating, amending, supplementing, interpreting or replacing the statute or regulation referred to; (vii) any table of contents, captions and headings are for convenience of
reference only and shall not affect the construction of this Agreement or any other Loan Document; and (viii) in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and including.” 
 ARTICLE II 
 THE LOAN 

SECTION 2.01 The Loans. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a term loan
(each, a “Loan”) to the Company on the Closing Date, in a principal amount up to but not exceeding its Commitment. The Loans advanced to the Company on the Closing Date shall equal an aggregate principal amount of $2,500,000.

 SECTION 2.02 Maturity. The principal amount of the Loans shall be due and payable on the Initial Maturity Date,
subject to (a) an extension until the last day of the First Extended Term at the option of the Company by providing written notice to the Agent of such extension prior to the Initial Maturity Date, and (b) an additional extension until the
last day of the Second Extended Term at the option of the Company by providing written notice to the Agent of such extension prior to the last day of the First 

  
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Extended Term; provided that, in the case of each of (a) and (b), no Event of Default shall have occurred and be continuing on the date the Company provides such written
notice. 
 SECTION 2.03 Evidence of Indebtedness. As additional evidence of the Indebtedness of the Company to each
Lender resulting from the Loan made by such Lender, upon such Lender’s written request (which request shall be communicated in writing by the Agent to the Company), the Company shall execute and deliver to each Lender a promissory note dated
the Closing Date in the principal amount of the Loan made by such Lender on the Closing Date (each, a “Note”). 
 SECTION 2.04 Interest. The Company shall pay to each Lender interest on the unpaid principal amount of the Loan made by such Lender (in each of the following cases, with such interest to be paid on
the Applicable Maturity Date (other than when any Note related to a Loan is converted pursuant to Section 2.13(a), (b), or (c), in which case any accrued and unpaid interest shall be converted pursuant to such sections)),
(a) from the date of such Loan until and including the Initial Maturity Date, at a rate per annum equal to 12%, (b) from and after Initial Maturity Date until and including the last day of the First Extended Term (if applicable), at a rate
per annum equal to 13%, (c) from and after the first day of the First Extended Term until and including the last day of the Second Extended Term (if applicable), at a rate per annum equal to 14%. After the occurrence and during the continuance
of an Event of Default pursuant to Section 6.01(a), interest on the unpaid principal balance of the Loan shall accrue until all obligations of the Company to each Lender have been paid in full, at a rate per annum equal to 18%.

 SECTION 2.05 Fees. The Company agrees to pay to the Agent a fee (the “Administrative Agency Fee”)
equal to (a) if the Applicable Maturity Date is on or before the Initial Maturity Date, 5% of the principal amount of the Loans funded on the Closing Date, (b) if the Applicable Maturity Date is after the Initial Maturity Date but on or
before the last day of the First Extended Term, 6% of the principal amount of the Loans funded on the Closing Date, and (c) if the Applicable Maturity Date is after the First Extended Term but on or before the last day of the Second Extended
Term, 7% of the principal amount of the Loans funded on the Closing Date, which fee shall be payable within thirty days following repayment in full of the Loans pursuant to Section 2.08. All fees payable under this
Section 2.05 shall be nonrefundable. 
 SECTION 2.06 Computations. All computations of fees and interest
hereunder shall be made on the basis of a year of 360 days for the actual number of days occurring in the period for which any such interest or fee is payable. 
 SECTION 2.07 Highest Lawful Rate. In no event shall the Company be obligated to pay the Lenders interest, charges or fees at a rate in excess of the highest rate permitted by applicable law (the
“Highest Lawful Rate”); provided, however, that notwithstanding the foregoing, the Company shall pay the Lenders such interest, charges, and fees not in excess of the Highest Lawful Rate as required by the terms of
this Agreement. 

  
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 SECTION 2.08 Repayment of the Loans. The Company shall repay to each Lender the
principal amount of the Loan made by such Lender in full plus all accrued but unpaid interest on the Applicable Maturity Date pursuant to and as set forth in Section 2.02 so long as such Loan has not been converted pursuant to
Section 2.13. 
 SECTION 2.09 Prepayments of the Loans. 

(a) Optional Prepayments. Upon the earliest of (i) the date that is six months after the Closing Date, (ii) the closing
of the Company IPO, and (iii) the date on which a Sale of the Company is consummated, the Company may, upon 30 days’ prior written notice to the Agent, prepay the outstanding amount of the Loans in whole or in part, without premium or
penalty; provided that if the Company provides written notice to the Agent pursuant to this Section 2.09(a) (any such notice, a “Prepayment Notice”) buts fails to prepay the amount of the Loans to be prepaid as
set forth in such Prepayment Notice on the prepayment date as set forth in such Prepayment Notice, then the Agent shall have the right to declare an Event of Default by providing the Company with two (2) Business Days’ prior written notice
thereof; provided, further, that the first proviso of this Section 2.09(a) shall not apply (and for the avoidance of doubt, the Agent shall not have any right to declare any Event of Default) in the event of any Prepayment
Notice provided to the Agent in connection with, or in contemplation of, (x) the closing of the Company IPO, (y) any Sale of the Company, or (z) any equity financing of the Company. 

(b) Notice; Application. The notice given of any prepayment shall specify the date and amount of the prepayment. If the notice of
prepayment is given, the Company shall make such prepayment and the prepayment amount specified in such notice shall be due and payable on the date specified therein, with accrued interest to such date on the amount prepaid. Partial prepayments of
the Loans shall be applied to the installments of principal thereof as determined by the Company in its sole discretion.  
 SECTION 2.10 Payments. 
 (a) Payments. Each payment made by the
Company shall be made to the Agent not later than 5:00 p.m. (California time) on the day when due in Dollars and in same day funds, or such other funds as shall be separately agreed upon by the Company and the Agent, in accordance with the
Agent’s wire instructions or other instructions provided in writing to the Company. 
 (b) Extension. Whenever any
payment hereunder shall be stated to be due, or whenever any interest payment date or any other date specified hereunder would otherwise occur, on a day other than a Business Day, then, except as otherwise provided herein, such payment shall be
made, and such interest payment date or other date shall occur, on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or per annum fee hereunder. 

(c) Application. Subject to Section 2.10(d) and after the exercise of remedies provided for in
Section 6.02 (or after the Loans have automatically become immediately due and payable as set forth in Section 6.02) each payment by or on behalf of the Company hereunder shall be applied (i) first, to any fees, costs,

  
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expenses and other amounts (other than principal and interest) due the Lenders; (ii) second, to accrued and unpaid interest due the Lenders; (iii) third, to principal due the Lenders,
(iv) fourth, to the payment of fees due to the Agent pursuant to Section 2.05, and (v) fifth, the balance, if any, after all Obligations have been indefeasibly paid in full, to the Company or as otherwise required by applicable
law. 
 (d) Subordination of Indebtedness. Anything to the contrary in the Intercreditor Agreement notwithstanding, the
Agent and the Lenders each hereby agree: 
 (i) to subordinate all of the Company’s Indebtedness and other
obligations to the Agent and the Lenders in connection with the Loan Documents, whether presently existing or arising in the future (the “Subordinated Convertible Indebtedness”), to all of the Company’s Indebtedness and other
obligations to the lenders party to the Loan Agreement with respect to the Note Financing With Warrants October 2012, and Snyder, as administrative agent and collateral agent for such lenders, in connection with the Note Financing With Warrants
October 2012, whether presently existing or arising in the future (the “Senior Warrant Indebtedness”); 
 (ii) that the Subordinated Convertible Indebtedness shall be subordinated in right of payment to all obligations of the Company with respect to the Senior Warrant Indebtedness; 

(iii) that any security interest or lien granted to the Agent or the Lenders to secure the Subordinated Convertible
Indebtedness shall be subordinated to any security interest or lien granted to secure the Senior Warrant Indebtedness; 
 (iv) that any security interest or lien granted to secure the Senior Warrant Indebtedness shall at all times be prior to any security interest and lien granted to the Agent in connection with the
Subordinated Convertible Indebtedness notwithstanding the respective dates of attachment or perfection of any such security interest or lien; and 
 (v) that this Section 2.10(d) shall remain effective for so long as the Company owes any amounts with respect to the Senior Warrant Indebtedness. 

(e) Pro Rata Treatment 
 (f) . Except as otherwise provided in this Agreement, each borrowing hereunder and each payment (including each prepayment) by the Company on account of the principal of and interest on the Loans and on
account of any fees shall be made ratably in accordance with the respective Pro Rata Shares of the Lenders. 
 SECTION 2.11
Obligations Several. The obligations of the Lenders under the Loan Documents are several. The failure of any Lender or the Agent to carry out its obligations thereunder shall not relieve any other Lender or the Agent of any obligation
thereunder, nor shall any Lender or the Agent be responsible for the obligations of, or any action taken or omitted by, any other Person hereunder or thereunder. Nothing contained in any Loan Document shall be deemed to cause any Lender or the Agent
to be considered a partner of or joint venturer with any other Lender or Lenders, the Agent or the Company. 

  
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 SECTION 2.12 Sharing. If any Lender shall obtain any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise) on account of the Loans made by it (other than pursuant to a provision hereof providing for non-pro rata treatment) in excess of its Pro Rata Share of payments on account of
the Loans obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders, without recourse, such participations in the Loans made by them as shall be necessary to cause such purchasing Lender to share the excess payment
ratably with each of them in accordance with the respective Pro Rata Shares of the Lenders; provided, however, that if all or any portion of such excess payment is thereafter recovered by or on behalf of the Company from such
purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. The Company agrees that any Lender so purchasing a participation from another Lender pursuant to this
Section 2.12 may exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of the Company in the amount of such participation. No
documentation other than notices and the like referred to in this Section 2.12 shall be required to implement the terms of this Section 2.12. 
 SECTION 2.13 Conversion of the Notes; Lock-Up. 
 (a) Upon the closing
of the Company IPO, the outstanding principal and accrued and unpaid interest due on each Lender’s Note(s) shall be convertible, automatically and without further action by such Lender, into that number of shares of the Company’s common
stock that equals (i) the outstanding principal amount of such Lender’s Note(s), plus all accrued and unpaid interest, divided by (ii) (x) if the closing of the Company IPO occurs on or before the date that is eighteen
months after the Closing Date, 85% of the per share price of the common stock sold in the Company IPO, and (y) if the closing of the Company IPO occurs after the date that is eighteen months after the Closing Date but prior to the Initial
Maturity Date (or the last day of the First Extended Term or the last day of the Second Extended Term, if applicable), 80% of the per share price of the common stock sold in the Company IPO. 

(b) Upon the closing of a Sale of the Company, the outstanding principal and accrued and unpaid interest due on each Lender’s
Note(s) shall be convertible, automatically and without further action by such Lender, into that number of shares of the Company’s common stock that equals (i) the outstanding principal amount of such Lender’s Note(s), plus all
accrued and unpaid interest, divided by (ii) (x) if the closing of such Sale of the Company occurs on or before the date that is eighteen months after the Closing Date, 85% of the per share price of the common stock sold in or
otherwise valued in such Sale of the Company, and (y) if the closing of the Sale of the Company occurs after the date that is eighteen months after the Closing Date but prior to the Initial Maturity Date (or the last day of the First Extended
Term or the last day of the Second Extended Term, if applicable), 80% of the per share price of the common stock sold in or otherwise valued in such Sale of the Company. 
 (c) Upon the closing of an Equity Financing, the outstanding principal and accrued and unpaid interest due on each Lender’s Note(s) shall be convertible, automatically and without further action by
such Lender, into that number of shares of the Company’s common stock that equals (i) the outstanding principal amount of such Lender’s Note(s), plus all accrued and unpaid interest, divided by (ii) (x) if the closing
of such Equity Financing occurs on or before the date that is eighteen months after the Closing Date, 85% of the per share price of the Company’s equity securities issued in such Equity Financing, and (y) if the closing of such Equity
Financing occurs after the date that is eighteen months after the Closing Date but prior to the Initial Maturity Date (or the last day of the First Extended Term or the last day of the Second Extended Term, if applicable), 80% of the per share price
of the Company’s equity securities issued in such Equity Financing. 
 (d) The shares of the Company’s common stock
issued to the Lenders upon conversion of the Notes pursuant to Section 2.13(a), (b), and (c) shall be subject to the same underwriter’s 

  
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lock-up applicable to the other investors in the Company; provided that in no event shall the lock-up period exceed 180 days. 

ARTICLE III 

CONDITIONS PRECEDENT 
 SECTION 3.01 Conditions Precedent to the Loans. The obligation of each Lender to make its Loan on the date of the borrowing hereunder (the “Closing Date”) shall be subject to the
satisfaction of each of the following conditions precedent before or concurrently with the making of the Loans: 
 (a) Fees
and Expenses. The Company shall have paid all fees and expenses required to be paid pursuant to Section 9.04; provided that the Agent shall have provided the Company with a detailed invoice at least two Business Days prior to
the Closing Date. 
 (b) Loan Documents. The Agent shall have received the following Loan Documents executed by each of
the respective parties thereto: 
 (i) this Agreement; 

(ii) any Notes required hereunder; and 

(iii) the Security Agreement. 
 (c) Documents and Actions Relating to Collateral. The Agent shall have received all financing statements and other documents, instruments and agreements requested in writing by the Agent, which
shall be necessary to create, in favor of the Agent for the benefit of the Lenders, a perfected Lien on the Collateral, subject to Permitted Liens. 
 (d) Additional Closing Documents /Closing Deliverables. The Agent shall have received the following, executed by each of the respective parties thereto: 

(i) the Intercreditor Agreement; and 

(ii) a certificate of the Secretary or other appropriate officer of the Company, dated the Closing Date, certifying
(A) copies, certified, where appropriate, by the Secretary of State of the State of Delaware, of the Organic Documents of the Company and the resolutions and other actions taken or adopted by the Company authorizing the execution, delivery and
performance of the Loan Documents, and (B) the incumbency, authority and signatures of each officer of the Company authorized to execute and deliver the Loan Documents and act with respect thereto. 

  
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 SECTION 3.02 Certain Additional Conditions Precedent to the Loans. The obligation of
each Lender to make its Loan shall also be subject to the satisfaction of each of the following conditions precedent: 
 (a)
Representations and Warranties. 
 (i) On the date of the Loans, both before and after giving effect thereto and to the
application of proceeds therefrom: (i) the representations and warranties contained in Section 4.01 shall be true and correct in all material respects, except for any representation and warranty that is qualified by materiality or
reference to Material Adverse Effect, which representation and warranty shall be true and correct in all respects on and as of such date with the same effect as if made on and as of such date (except for any such representation and warranty that by
its terms is made only as of an earlier date, which representation and warranty shall remain true and correct in all material respects as of such earlier date, except for any representation and warranty that is qualified by materiality or reference
to Material Adverse Effect, which representation and warranty shall be true and correct in all respects as of such earlier date). 
 (b) No Default. No Default shall have occurred and be continuing or shall result from the making of the Loans. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES OF THE COMPANY 

SECTION 4.01 Representations and Warranties. The Company represents and warrants to the Agent and the Lenders that: 

(a) Organization and Powers. The Company is duly organized or formed, as the case may be, validly existing and in good standing
under the laws of the State of Delaware. The Company is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would result in a Material Adverse Effect. 

(b) Authorization; No Conflict. The execution, delivery and performance by the Company of the Loan Documents have been duly
authorized by all necessary action of the Company and do not and will not, to the best of the Company’s knowledge, (i) contravene the terms of the Organic Documents of the Company; (ii) result in a breach of or constitute a default
under any material lease, instrument, contract or other agreement to which the Company is a party or by which it or its properties may be bound or affected, except where such breach or default could not reasonably be expected to have a Material
Adverse Effect; or (iii) violate any provision of any law, rule, regulation, order, judgment, decree or the like binding on or affecting the Company, except where such violation could not reasonably be expected to have a Material Adverse
Effect. 
 (c) Binding Obligation. The Loan Documents constitute, or when delivered under this Agreement will constitute,
legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, 

  
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insolvency, reorganization, moratorium, or similar debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of
equitable remedies. 
 (d) Litigation. As of the Closing Date, there are no actions, suits or proceedings pending or, to
the best of the Company’s knowledge, threatened against or affecting the Company before any governmental agency or authority or arbitrator which if determined adversely to the Company would result in a Material Adverse Effect. 

(e) Financial Statements. All financial statements of the Company delivered to the Agent on or prior to the Closing Date are
complete and correct in all material respects and fairly present the financial condition of the Company as at the times and for the periods covered by such statements, in each case in accordance with GAAP, subject, in the case of any unaudited
financial statements, to normal yearend adjustments and any absence of notes, except as otherwise amended, restated, supplemented or otherwise subsequently modified by the Company on or prior to the Closing Date. 

(f) Taxes. As of the Closing Date, the Company has duly filed all tax returns required to be filed, and has paid all taxes, fees,
assessments and other governmental charges or levies that have become due and payable, except to the extent such taxes or other charges are being contested in good faith and are adequately reserved against in accordance with GAAP; provided
that the failure to file tax returns or to pay taxes shall not constitute a breach of this representation and warranty unless the aggregate amount of taxes relating thereto could reasonably be expected to exceed $100,000. 

(g) Insurance. The properties of the Company are insured in such amounts, with such deductibles and covering such risks as is
customarily carried by companies engaged in similar businesses and owning similar properties in the localities where the Company operates as determined by the Company in its sole discretion. 

(h) Compliance With Laws. As of the Closing Date, the Company is in compliance with all material laws, rules, regulations, orders
and decrees which are applicable to it or its properties, except where the failure to be in compliance could not reasonably be expected to result in a Material Adverse Effect. Without limiting the generality of the foregoing, as of the Closing Date,
the Company is in material compliance with all Environmental Laws, and there are no actions, suits, claims, notices of violation, hearings, investigations or proceedings pending or, to the best of the Company’s knowledge, threatened against or
affecting the Company or with respect to the ownership, use, maintenance and operation of the Company’s properties, relating to any Environmental Laws, where any adverse determination with respect thereto or liability imposed therein could
reasonably be expected to result in a Material Adverse Effect. 

  
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 ARTICLE V 
 COVENANTS 
 SECTION 5.01 Reporting Covenants. So long as any of the
Obligations shall remain unpaid or the Lenders shall have any Commitments, the Company agrees that: 
 (a) Financial
Statements and Other Reports. The Company will furnish to the Agent: (i) no later than 120 days after and as of the end of each fiscal year, the Company’s annual financial statements for such fiscal year; and (ii) simultaneously
with the delivery of the financial statements referred to in clause (i), a certificate of a Responsible Officer of the Company in form and substance reasonably satisfactory to the Agent stating whether any Event of Default exists on the date of such
certificate, and if so, setting forth the details thereof and the action which the Company is taking or proposes to take with respect thereto (which delivery may be by electronic communication including fax or email and shall be deemed to be an
original authentic counterpart thereof for all purposes). 
 (b) Additional Information. The Company will furnish to the
Agent: (i) promptly after the Company has knowledge or becomes aware thereof, notice of the occurrence of any Event of Default; (ii) prompt written notice of all actions, suits and proceedings before any governmental agency or authority or
arbitrator pending, or to the best of the Company’s knowledge, threatened against or affecting the Company, including any actions, suits, claims, notices of violation, hearings, investigations or proceedings pending, or to the best of the
Company’s knowledge, threatened against or affecting the Company, or with respect to the ownership, use, maintenance and operation of their respective properties, relating to Environmental Laws, which could reasonably be expected to result in a
Material Adverse Effect; and (iii) prompt written notice of any other condition or event which has resulted, or that could reasonably be expected to result, in a Material Adverse Effect. 

SECTION 5.02 Affirmative Covenants. So long as any of the Obligations shall remain unpaid or the Lenders shall have any
Commitments, the Company agrees that: 
 (a) Preservation of Existence, Etc. The Company will maintain and preserve its
legal existence, its rights to transact business and all other rights, franchises and privileges necessary or desirable in the normal course of its business and operations and the ownership of its properties, except in connection with any
transactions not expressly prohibited hereunder. 
 (b) Payment of Taxes. The Company will pay and discharge all material
taxes, fees, assessments and governmental charges or levies imposed upon it or upon its properties or assets prior to the date on which penalties attach thereto, and all lawful claims for labor, materials and supplies which, if unpaid, might become
a Lien upon any properties or assets of the Company, except to the extent such taxes, fees, assessments or governmental charges or levies, or such claims, are being contested in good faith by appropriate proceedings and are adequately reserved
against in accordance with GAAP; provided that the failure to make any such payments shall not constitute a breach of this covenant unless the aggregate amount of such payments could reasonably be expected to exceed $200,000. 

  
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 (c) Maintenance of Insurance. The Company will (i) carry and maintain in full
force and effect insurance in such amounts, with such deductibles and covering such risks as is customarily carried by companies engaged in the same or similar businesses and owning similar properties in the localities where the Company operates as
determined by the Company in its sole discretion and (ii) if requested by the Agent in writing, promptly provide the Agent with such evidence as it reasonably requests to demonstrate compliance with this Section 5.02(c), including
delivering to the Agent a report from the Company’s insurance broker regarding the adequacy of the Company’s insurance; provided, however, that (x) if the Agent requests such evidence that would require the Company to
pay or incur additional fees and/or expenses in excess of the fees and expenses historically paid by the Company with respect to insurance as determined by the Company in its sole discretion, then the Company shall inform the Agent of such
additional fees and/or expenses and (y) if the Agent requests such evidence after being informed of such additional fees and/or expenses, then such additional fees and/or expenses shall be paid by the Agent. 

(d) Keeping of Records and Books of Account. The Company will keep adequate records and books of account, in which entries will be
made in accordance with GAAP. 
 (e) Inspection Rights. Upon ten Business Days’ prior written notice, the Company
will, at any reasonable time during normal business hours and from time to time, permit the Agent or any of its agents or representatives to examine the records and books of account of the Company. 

(f) Compliance with Laws, Etc. The Company will comply in all material respects with the requirements of all applicable material
laws, rules, regulations and orders of any governmental agency or authority, including all Environmental Laws and ERISA, and the terms of any contract or other instrument to which it may be a party or under which it may be bound. 

(g) Maintenance of Properties, Etc. The Company will maintain and preserve all of its material properties necessary or useful in
the proper conduct of its business in good working order and condition in accordance with the general practice of other Persons of similar character and size, ordinary wear and tear excepted. 

(h) Licenses. The Company will obtain and maintain all material licenses, authorizations, consents, filings, exemptions,
registrations and other governmental approvals of any governmental agency or authority necessary for the operation and conduct of its business. 
 (i) Observer Rights. From the Closing Date until the earlier to occur of (i) the closing of the Company IPO or (ii) the closing of a Sale of the Company, the Company will allow the
Lenders to have the right to appoint one individual to attend meetings of the Company’s Board of Directors as an observer; provided that such individual shall be reasonably acceptable to the Company; and provided, further,
that notwithstanding the foregoing provisions of this Section 5.02(i), such observer may be excluded from any meeting or receiving any information, but only to the extent necessary or appropriate (A) to protect any confidential
matters discussed therein, (B) to protect the Company’s 

  
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attorney/client privilege or (C) in the event that the Company’s Board of Directors reasonably determines in good faith that such observer has a conflicting interest. 

(j) Minimum Cash Balance. From the Closing Date until the date that the Indebtedness of the Company owed to Point has been paid in full,
the Company and its Subsidiaries, on a consolidated basis, will maintain a cash balance at all times in an amount equal to or greater than the lesser of (i) $5,000,000 and (ii) the outstanding Indebtedness of the Company owed to Point.

 SECTION 5.03 Negative Covenants. So long as any of the Obligations shall remain unpaid or the Lenders shall have any
Commitments, the Company agrees that: 
 (a) Indebtedness. The Company will not create, incur, assume or otherwise become
liable for or suffer to exist any Indebtedness, other than: 
 (i) Indebtedness of the Company to the
Lenders or the Agent hereunder; 
 (ii) Indebtedness of the Company existing on the Closing Date and
disclosed on Schedule 2 and extensions, renewals and refinancings of such Indebtedness, provided that (x) such Indebtedness has been disclosed on the most recent financial statements of the Company submitted to the Agent or any
Lender on or prior to the date of this Agreement, and (y) the principal amount of such Indebtedness is not increased except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred,
in connection with such extension, renewal or refinancing and by an amount equal to any existing unused commitments thereunder; 
 (iii) unsecured trade, utility or non-extraordinary accounts payable arising in the ordinary course of business; 

(iv) [intentionally omitted]; 
 (v) Purchase Money Indebtedness; provided that the material terms and conditions of any Purchase Money Indebtedness relating to the Michigan Facility shall have been (x) disclosed to the Agent
prior to the Company’s incurrence of such Indebtedness such that the Agent is provided with reasonably sufficient time to review such terms and conditions prior to the Company becoming obligated to incur such Indebtedness, and
(y) consented to in writing by the Agent (such consent not to be unreasonably withheld, delayed or conditioned); 
 (vi) cash management agreements in the ordinary course of business; 

(vii) Indebtedness arising from judgments or decrees in an aggregate principal amount outstanding at any time not to
exceed $100,000; 
 (viii) sales rebates issued by the Company to customers in the ordinary course of business;

  
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 (ix) grants provided by the United States government in exchange for the
Company’s obligation to purchase equipment specified by such grants or to fund research and development efforts specified in such grants; 
 (x) Indebtedness owed to the lenders pursuant to that certain Loan Agreement with respect to the Note Financing With Warrants October 2012; 

(xi) Indebtedness that is incurred on the date of the consummation of a Permitted Acquisition solely for the purpose of
consummating such Permitted Acquisition so long as no Event of Default has occurred and is continuing or would result therefrom; 
 (xii) Acquired Indebtedness; 
 (xiii) Indebtedness consisting of
guarantees resulting from endorsement of negotiable instruments for collection by the Company in the ordinary course of business; 
 (xiv) interest rate swaps, currency swaps and similar financial products entered into or obtained in the ordinary course of business; 

(xv) Subordinated Debt; 
 (xvi) Indebtedness of the Company to any of its wholly owned Subsidiaries; 
 (xvii) Indebtedness of the Company pursuant to a working capital facility secured by a first priority security interest in the Company’s Accounts (as such term is defined in the Code) and Inventory
(as such term is defined in the Code); and 
 (xviii) additional Indebtedness of the Company not otherwise
described above in an aggregate principal amount not to exceed $2,000,000 at any time outstanding. 
 (b) Liens. The
Company will not create, incur, assume or suffer to exist any Lien upon or with respect to any of its properties, revenues or assets, whether now owned or hereafter acquired, other than the following (such Liens, collectively, “Permitted
Liens”): 
 (i) Liens in favor of the Lenders or the Agent; 

(ii) the existing Liens listed in Schedule 3 or incurred in connection with the extension, renewal or
refinancing of the Indebtedness secured by such existing Liens, provided that any extension, renewal or replacement Lien shall be limited to the property encumbered by the existing Lien and the principal amount of the Indebtedness being
extended, renewed or refinanced does not increase; 
 (iii) Liens for taxes, fees, assessments or other
governmental charges or levies (A) not yet due or as to which the period of grace, if any, related thereto has not expired, or (B) which are being contested in good faith by appropriate proceedings and which are adequately reserved for in
accordance with GAAP; 
 (iv) Liens securing Indebtedness permitted by Section 5.03(a)(v);

  
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 (v) attachments, judgments, and other similar Liens arising in connection
with court proceedings; provided, however, that the execution or other enforcement of such Liens is effectively stayed and claims secured thereby are being actively contested in good faith by appropriate proceedings; 

(vi) Liens of materialmen, mechanics, warehousemen, repairmen, carriers or employees or other similar Liens provided
for by mandatory provisions of law (A) which are not filed or recorded for a period of more than sixty days, or (B) which are being contested in good faith by appropriate proceedings and which are adequately reserved for in accordance with
GAAP; 
 (vii) pledges or deposits made or Liens in incurred in the ordinary course of business in connection
with workers’ compensation, unemployment insurance and other social security or employment or insurance legislation; 
 (viii) Liens consisting of deposits or pledges to secure the performance of bids, trade contracts, leases, public or statutory obligations, or other obligations of a like nature incurred in the
ordinary course of business; 
 (ix) easements, rights-of-way, restrictions and other similar encumbrances
affecting real property which, in the aggregate, do not materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the Company; 

(x) Liens arising from precautionary UCC financing statements regarding operating leases; 

(xi) Liens in favor of financial institutions in the ordinary course of business in connection with, and which solely
encumber, deposit, disbursement or concentration accounts maintained with such financial institutions on funds and other items in such accounts; 
 (xii) Liens solely on any cash earnest money deposits made by the Company in connection with any letter of intent or purchase agreement with respect to a Permitted Acquisition; 

(xiii) Liens assumed by the Company in connection with a Permitted Acquisition that secure Acquired Indebtedness;

 (xiv) Liens securing Indebtedness permitted pursuant to Section 5.03(a)(x); 

(xv) Liens securing Indebtedness permitted pursuant to Section 5.03(a)(xv); 

(xvi) Liens securing Indebtedness permitted pursuant to Section 5.03(a)(xvii); 

(xvii) Liens securing Indebtedness under the Note Financing With Warrants October 2012; and 

(xviii) other Liens securing obligations in an aggregate amount not to exceed $2,000,000. 

  
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 (c) Accounting Methods. The Company will not change (i) the times of
commencement or termination of its fiscal year or (ii) its methods of accounting, in each case, except as required by GAAP. 
 (d) Name Change. The Company will not change its name unless the Company has provided at least 2 days’ prior written notice to the Agent of such change. 

ARTICLE VI 

EVENTS OF DEFAULT 
 SECTION 6.01 Events of Default. Any of the following events which shall occur shall constitute an “Event of Default”: 

(a) Payments. Immediately and without notice from the Agent or any Lender upon the Company’s failure to pay when due any
principal, interest or other charges or expenses that the Company is required to pay pursuant to this Agreement or the other Loan Documents; provided, however, that Company shall have the right to cure such Event of Default by paying the full amount
of such payment in accordance with this Agreement within thirty days following such failure. 
 (b) Representations and
Warranties. Any representation or warranty by the Company under or in connection with the Loan Documents shall prove to have been incorrect in any material respect when made or deemed made. 

(c) Failure by Company to Perform Covenants. The Company shall fail to perform or observe any covenant or agreement contained in
any Loan Document on its part to be performed or observed and any such failure continues uncured for a period of thirty days after the Company receives written notice of such failure from the Agent. 

(d) Voluntary Proceedings. The Company (i) generally fails to pay, or admits in writing its inability to pay, its debts as
they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to
itself; or (iv) takes any action to effectuate or authorize any of the foregoing. 
 (e) Involuntary Proceedings.
(i) Any involuntary Insolvency Proceeding is commenced or filed against the Company, or any writ, judgment, warrant of attachment, execution or similar process, is issued or levied against a substantial part of such Person’s properties,
and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded within sixty days after commencement, filing or levy;
(ii) the Company admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding; or (iii) the Company acquiesces
in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in 

  
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possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business. 
 (f) Dissolution, Etc. The Company shall (i) liquidate, wind up or dissolve (or suffer any liquidation, wind-up or dissolution), except in connection with any Sale of the Company,
(ii) suspend its operations other than in the ordinary course of business, or (iii) take any action to authorize any of the actions or events set forth above in this subsection (f). 

(g) [Intentionally Omitted]. 
 (h) Collateral Documents. The Company or any other Person shall fail to perform or observe in any material respect any term, covenant or agreement contained in the Collateral Documents on its part
to be performed or observed and any such failure shall remain unremedied beyond the grace period, if any, specified therein, or any “Event of Default” as defined in any Collateral Document shall have occurred; or any of the Collateral
Documents after delivery thereof shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any of the Collateral Documents for any reason, except to the extent permitted by the terms thereof, shall cease
to create a valid and perfected Lien subject only to Permitted Liens in any of the Collateral purported to be covered thereby. 

SECTION 6.02 Effect of Event of Default. If any Event of Default shall occur and be continuing beyond any cure period provided
for in this Agreement with respect to such Event of Default, the Agent may (i) by notice to the Company, (A) declare the Commitments of the Lenders to be terminated, whereupon the same shall forthwith terminate, and (B) declare the
entire unpaid principal amount of the Loans and any Notes, all interest accrued and unpaid thereon and all other Obligations, including without limitation, (subject only to any limitation imposed by applicable law) all out-of-pocket expenses,
including, without limitation, attorneys’ fees and legal expenses, incurred by any Lender in endeavoring to collect any amounts payable hereunder which are not paid when due, whether by acceleration or otherwise, all of which expenses shall be
deemed added to the Obligations immediately upon the occurrence of an Event of Default, to be forthwith due and payable, whereupon the Loans and any Notes, all such accrued interest and all such other Obligations shall become and be forthwith due
and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Company, provided that upon the occurrence of an actual or deemed entry of an order for relief with respect to
the Company under the Bankruptcy Code, the result which would otherwise occur only upon giving of notice by the Agent to the Company as specified in this clause (i) shall occur automatically, without the giving of any such notice; and
(ii) whether or not the actions referred to in clause (i) have been taken, (A) exercise any or all of the Lenders’ and/or the Agent’s rights and remedies under the Collateral Documents, and (B) proceed to enforce all
other rights and remedies available to the Lenders and the Agent (acting on behalf of the Lenders) under the Loan Documents and applicable law. 

  
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 ARTICLE VII 
 THE AGENT 
 SECTION 7.01 Appointment. Each Lender hereby irrevocably
designates and appoints the Agent as the Agent of such Lender under the Loan Documents and each such Lender hereby irrevocably authorizes the Agent, as the Agent for such Lender, to take such action on its behalf under the provisions of the Loan
Documents and to exercise such powers and perform such duties as are expressly delegated to the Agent by the terms of the Loan Documents, together with such other powers as are reasonably incidental thereto. 

SECTION 7.02 Delegation of Duties. The Agent may execute any of its duties under the Loan Documents by or through agents or
attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. 

SECTION 7.03 Successor Agent. The Agent may resign as Agent under the Loan Documents upon thirty days’ prior
written notice to the Company and the Lenders representing the majority by dollar value of the outstanding principal amount of the Loans hereunder (the “Majority Lenders”). If the Agent shall resign, then the Lenders shall appoint a
successor Agent, subject to the right of the Company to approve the successor Agent, which approval shall not be unreasonably withheld, delayed or conditioned, whereupon such successor Agent shall succeed to the rights, powers and duties of the
Agent, and the term “Agent” shall mean such successor Agent effective upon its appointment, and the former Agent’s rights, powers and duties as Agent shall be terminated, subject only to such former Agent’s right to be
compensated in the amount of such portion of the Administrative Agency Fee as shall be equal to the portion of the time which shall have elapsed between the Closing Date and the date upon which the Administrative Agency Fee shall have become due and
payable in accordance with Section 2.05, during which time such former Agent served as Agent under the Loan Documents, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement or
any of the Loan Documents or successors thereto; provided that in no event shall the former Agent be compensated prior to the Applicable Maturity Date. After any retiring Agent’s resignation hereunder as Agent, the provisions of this
Section 7.03 (including the rights of such former Agent to proportional compensation from the Administrative Agency Fee as set forth herein) shall inure to its benefit as to any actions taken or omitted to be taken by it while it was
Agent under the Loan Documents. 
 SECTION 7.04 Authorization to the Agent. Each Lender hereby authorizes the Agent
to take such action as agent on its behalf and to exercise such powers and perform such duties under this Agreement and the Notes as are delegated to the Agent by the terms hereof or thereof, together with such powers as are reasonably incidental
thereto. The duties and obligations of the Agent are strictly limited to those expressly provided for herein, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise
exist against the Agent. The Agent is hereby authorized on behalf of each of the Lenders to: (a) exercise or refrain from exercising any rights, remedies or powers of the Lenders under applicable law in respect of the Loan Documents or all or
any portion of any Collateral, (b) sell, release, surrender, realize upon, substitute or otherwise deal with, in any manner and in any order, all or any portion of any Collateral, (c) make any demands or give any notices under or in
connection with the Notes, the Loan Documents and this Agreement, (d) effect amendments to and grant waivers under the Loan Documents, including without limitation, this Agreement and any Security Agreement, (e) distribute payments to the
Lenders of amounts paid to it by the Company or received by it in connection with the Collateral, (f) receive and hold on behalf of the Lenders any instruments or other possessory Collateral, (g) exercise rights of conversion under the
Notes and distribute corporate stock or partnership units among the Lenders in proportion to their investment, and (h) engage, replace, instruct and remunerate on behalf of the Lenders consultants, experts, counsel and

  
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other persons to be engaged by the Agent or the Lenders, including legal counsel for Agent or the Lenders. As to the exercise of any of its powers and discharge of any of its duties, the Agent
shall be entitled, but shall not be required, to obtain instructions of the Majority Lenders, and shall be fully protected in acting or refraining from acting upon such instructions and such instructions, if any, shall be binding upon all Lenders.
Except for actions expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act under this Agreement and the Notes and other Loan Documents unless it shall be indemnified to its
satisfaction by the Lenders against any and all liability and expense which may be incurred by reason of taking or continuing to take any such action, and the Agent shall not in any event be required to take any action which exposes the Agent to
liability or which is contrary to this Agreement, the Loan Documents, the Notes or applicable law. Each Lender hereby agrees with the other Lenders that it shall not seek to exercise remedies of a secured party hereunder except through the Agent.

 SECTION 7.05 Apparent Authority. The Company acknowledges the authority granted to the Agent by the Lenders and
shall be permitted to rely exclusively, without further investigation, upon the representations, consents, waivers and all other actions taken by the Agent. The Company, for itself and its affiliates and their successors and assigns, hereby
acknowledges that at all times prior to the execution and delivery by the Agent of this Agreement, the Company has accepted and relied upon, and will continue to accept and rely upon the actual and apparent authority of the Agent acting alone and
without further authorization from the Lenders or any of them, with respect to any or all of the rights, powers, authority or remedies granted or reserved to the Agent or the Lenders, the Loan Documents, or the Notes or any of them. The Company
acknowledges and agrees that the Agent has all right and apparent and actual authority to exercise alone the rights, powers, and remedies granted or reserved to the Agent or the Lenders under this Agreement, the Notes and the Loan Documents without
further evidence of such authority or confirmation thereof from or by any Lender. 
 (a) Substitution of Collateral. The
Company acknowledges and agrees that the Agent has all necessary and sufficient authority, acting alone, to agree to the terms of this Agreement, including without limitation, the substitution of all loan or credit interests, including without
limitation any perfected security interests granted by the Company or its affiliates, for the equity interests which are the subject of the conversion provisions set forth in this Agreement or in the Notes or other Loan Documents, whether such
substituted equity interests are represented by partnership interests or by common or preferred stock interests in the Company, or its affiliates, successors or assigns. 
 (b) Allocation of Loan Payments. The Company acknowledges and agrees that the Agent has the all necessary and sufficient right and authority, acting alone to allocate any and all payments made by
the Company to any of the outstanding loan balances which shall be or become due from the Company in accordance with this Agreement, the Notes, or any of the Loan Documents. The Company agrees that the Agent may apply any and all payments made
pursuant this Agreement, the Notes, or any of the Loan Documents to any outstanding obligation of the Company to the Lenders or any of them in the manner the Agent, in his absolute discretion, sees fit, regardless of whether such allocation would or
might have the effect of creating a breach or Default or Event of Default under any of this Agreement, the Notes, or any of the Loan Documents. 
 ARTICLE VIII 
 REPRESENTATIONS AND WARRANTIES OF THE LENDERS 

SECTION 8.01 Representations and Warranties 

  
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 SECTION 8.02 of the Lenders. Each Lender represents and warrants to the Company,
severally and not jointly, with respect to its Note and any equity securities issuable upon any conversion of its Note, as follows: 
 (a) High Risk Investment. Such Lender is experienced in evaluating and investing in companies with similar financial concerns as those of the Company and understands the high risk nature of such
Lender’s investment. 
 (b) Accredited Investor. Such Lender (i) is an “accredited” investor as
defined under U.S. federal securities laws and (ii) has such knowledge and experience in financial and business matters that such Lender is capable of evaluating the merits and risks of such investment, is able to incur a complete loss of such
investment and is able to bear the economic risk of such investment for an indefinite period of time. Notwithstanding the foregoing and subject to compliance with applicable securities laws, the Company may consent in writing to allowing a Person to
be a Lender under this Agreement even if such Person cannot make the representations and warranties set forth in clause (b)(i) of this Section 8.01. 
 (c) Investment. Such Lender is acquiring its Note and any equity securities issuable upon any conversion of such Note for investment for such Lender’s own account, not as a nominee or agent,
and not with the view to, or for resale in connection with any distribution thereof. Such Lender understands that its Note to be issued to it and any equity securities issuable upon any conversion of such Note have not been, and will not be,
registered under the Securities Act of 1933, as amended (the “Securities Act”) by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the
investment intent and the accuracy of such Lender’s representations as expressed herein. 
 (d) Rule 144. Such
Lender acknowledges that its Note to be issued to it and any equity securities issuable upon any conversion of such Note must be held indefinitely unless subsequently registered under the Securities Act or an exemption from such registration is
available. Such Lender is aware of the provisions of Rule 144 promulgated under the Securities Act which permit limited resale of shares purchased in a private placement subject to the satisfaction of certain conditions, including, among other
things, the existence of a public market for the shares, the availability of certain current public information about the Company, the resale occurring not less than one year after a party has purchased and paid for the security to be sold, the sale
being effected through a “broker’s transaction” or in transactions directly with a “market maker” (as provided by Rule 144(f)) and the number of shares being sold during any three-month period not exceeding specified
limitations. 
 (e) No Public Market. Such Lender understands that no public market now exists for any of the securities
issued by the Company and that there is no assurance that a public market will ever exist for the Notes or the equity securities issuable upon conversion of the Notes. 
 (f) Access to Data. Such Lender has had an opportunity to discuss the Company’s business and financial affairs with its management. Such Lender understands that such discussions, as well as
any written information issued by the Company, were intended to describe the aspects of the Company’s business and prospects which it believes to be material but were not necessarily a thorough or exhaustive description. Such Lender
acknowledges that any estimates or projections as to events that may occur in the future are based upon the best judgment of the Company’s management as of the date of this Agreement. Whether or not such estimates or projections may be achieved
will depend upon the Company achieving its overall business objectives. There is no guarantee that any of these projections will be attained. Such Lender acknowledges that as part of the opportunity to investigate the Company’s affairs, such
Lender has been provided with the Company’s website address: https://marronebio.com, and 

  
 23 

 
access to a ShareFile Account maintained by the Company (https://marronebio.sharefile.com/) containing, inter alia, copies of the financial statements of the Company for the immediately
preceding three (3) fiscal years, copies of loan documents representing the prior and existing indebtedness of the Company as disclosed on Schedule 2 of this Agreement, copies of summaries prepared for the purpose of acquainting investors with
the business operations and prospects of the Company, an appraisal of the Michigan Facility and other data deemed pertinent by the Company to a reasonable portrayal of its financial and business affairs. 

ARTICLE IX 

MISCELLANEOUS 

SECTION 9.01 Amendments and Waivers. Except as otherwise provided herein or in any other Loan Document, (i) no amendment to
any provision of this Agreement or any of the other Loan Documents shall in any event be effective unless the same shall be in writing and signed by the Company and the Agent; and (ii) no waiver of any provision of this Agreement or any other
Loan Document, or consent to any departure by the Company or other party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Agent and the Company. Any such amendment, waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given; provided, however, that, notwithstanding the foregoing provisions of this Section 9.01, any term or provision of any such other Loan Document may
be amended without the agreement or consent of, or prior notice to, any party hereto, to the extent such Loan Document provides for amendments without the agreement or consent of, or notice to, such party. 

Notwithstanding any provision herein to the contrary, this Agreement may be amended with the written consent of the Agent and the
Company to add one or more additional term loan facilities to this Agreement, and to permit the extensions of credit and all related obligations and liabilities arising in connection therewith from time to time outstanding to share ratably (or on a
basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with the obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder. 

SECTION 9.02 Notices. All notices and other communications provided for hereunder and under the other Loan Documents shall,
unless otherwise stated herein, be in writing (including by facsimile transmission and by electronic mail) and mailed (by certified or registered mail), sent or delivered to the respective parties hereto at or to their respective addresses or
facsimile numbers set forth below their names on the signature pages hereof, or at or to such other address, facsimile number or email address as shall be designated by any party in a written notice to the other party hereto. All such notices and
communications shall be effective (i) if delivered by hand, sent by certified or registered mail or sent by an overnight courier service, when received; and (ii) if sent by facsimile transmission or electronic mail, when sent. Electronic
mail may be used only for routine communications, such as financial statements and other information documents, and to distribute Loan Documents for execution by the parties thereto, and may not be used for any other purpose. 

SECTION 9.03 No Waiver; Cumulative Remedies. No failure on the part of any Lender to exercise, and no delay in exercising, any
right, remedy, power or privilege under any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, remedy, power or privilege preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights and remedies 

  
 24 

 
under the Loan Documents are cumulative and not exclusive of any rights, remedies, powers and privileges that may otherwise be available to the Lenders. 

SECTION 9.04 Fees and Disbursements of Counsel. The Company agrees to pay on demand the reasonable fees and
disbursements of one special counsel for the Lenders in connection with the negotiation, preparation, execution, and delivery of the Loan Documents in an amount not to exceed (a) $25,000 minus (b) the fees and disbursements of one
special counsel for the Lenders in connection with the negotiation, preparation, execution, and delivery of the documents relating to the Note Financing With Warrants October 2012; provided that (x) in no event shall the Agent or any
Lender deduct such fees and disbursements of counsel from the Loans and (y) Agent shall promptly provide the Company with a detailed invoice of such fees and disbursements of counsel upon request thereof. 

SECTION 9.05 Survival. All covenants, agreements, representations and warranties made in any Loan Documents shall, except to the
extent otherwise provided therein, survive the execution and delivery of this Agreement, the making of the Loans and the execution and delivery of any Notes, and shall continue in full force and effect so long as any Lender has any Commitment, the
Loans shall remain outstanding or any other Obligations remain unpaid or any obligation to perform any other act hereunder or under any other Loan Document remains unsatisfied. 

SECTION 9.06 Benefits of Agreement. The Loan Documents are entered into for the sole protection and benefit of the parties hereto
and their successors and assigns, and no other Person shall be a direct or indirect beneficiary of, or shall have any direct or indirect cause of action or claim in connection with, any Loan Document. 

SECTION 9.07 Binding Effect; Assignment. (a) Binding Effect. This Agreement shall become effective when it shall have
been executed by the Company, the Lenders, and the Agent, and thereafter shall be binding upon, inure to the benefit of and be enforceable by the Company, each Lender, the Agent, and their respective successors and assigns. 

(b) Assignment. The Company shall not have the right to assign its rights and obligations hereunder or under the other Loan
Documents or any interest herein or therein without the prior written consent of the Agent, except in connection with an assignment in whole to a successor to the Company; provided that such successor acquires all or substantially all of the
assets or equity of the Company and the Agent’s and the Lenders’ rights hereunder are not materially impaired. Each Lender may sell, assign or transfer all or any portion of such Lender’s rights and obligations hereunder and under the
other Loan Documents to any Lender or other Person on the basis set forth below in this subsection (b) and subject to compliance with applicable securities laws. 
 (i) Any Lender may, with the written consent of the Company, at any time and from time to time, assign and delegate to one or more Persons all, or any ratable part, of such Lender’s Loan, its
Commitment and the other rights and obligations of such Lender hereunder; provided, however, that no written consent of the Company shall be required during the existence of a Default or in

  
 25 

 
connection with any assignment and delegation by a Lender to another Lender or an Affiliate of such Lender; and (ii) except in connection with an assignment of all of a Lender’s rights
and obligations with respect to its Commitment and Loan, any such assignment to any Person that is not a Lender hereunder shall be equal to or greater than $1,000,000. 
 (ii) In the event of any such assignment, unless and until an assignment and assumption agreement (an “Assignment and Assumption”) and notice of assignment shall have been delivered by the
assigning Lender and the assignee to the other Lenders and the Company (unless waived in writing by the Agent and the Company), such assignee shall not be entitled to exercise the rights of a Lender under this Agreement and the other Loan Documents
with respect to such assignment and the Company shall not be obligated to make payment of any amount to which such assignee may become entitled thereunder other than to the assigning Lender. Subject to satisfaction of the foregoing conditions in
connection with any assignment, upon the effectiveness of such assignment the assignee shall be deemed a “Lender” for all purposes of this Agreement and the other Loan Documents with respect to the rights and obligations assigned to it,
and the other Loan Documents with respect to the rights and obligations assigned to it, and the assigning Lender shall, to the extent that rights and obligations hereunder and under the other Loan Documents have been assigned by it pursuant to such
Assignment and Assumption, relinquish its rights and be released from its obligations under the Loan Documents. 
 (iii) In
connection with any partial assignment, upon the written request of the assigning Lender, the Agent, or the assignee, (A) the Company shall execute and deliver substitute Notes to the assigning Lender or the assignee, dated the effective date
of such assignment, setting forth the principal amount of the Loans held by such assigning Lender and assignee (after giving effect to the assignment), and containing other appropriate insertions, and the assigning Lender shall thereupon return the
Note previously held by it; and (B) Schedule 1 shall be deemed amended to reflect the adjustment of the Commitments and Pro Rata Shares of the Lenders resulting therefrom. 

(iv) The Company agrees that in connection with any such grant or assignment, the Agent or such Lender may deliver to the prospective
assignee financial statements and other relevant information relating to the Company. 
 (v) The Agent or each Lender shall
obtain from any such prospective assignee a confidentiality agreement in which such assignee agrees to an obligation of confidentiality substantially similar to the terms of Section 9.08. 

SECTION 9.08 Confidentiality. The Agent and each Lender shall hold all nonpublic information relating to the Company and its
Subsidiaries obtained by it under this Agreement in accordance with its customary procedures for handling confidential information of this nature, except for: (i) disclosure to it, its Affiliates and their respective directors, officers,
employees, agents and representatives in connection with the negotiation, execution or performance of the Loan Documents; (ii) disclosure as reasonably required in connection with a transfer to a prospective assignee of all or part of its Loan,
as provided in Section 9.07; (iii) disclosure as may be required or requested by any governmental agency or authority or representative thereof or pursuant to legal process; (iv) disclosure to any Person and in any proceeding
necessary in such Person’s judgment to protect its interests in connection with any claim or dispute involving such Person; and (v) any other disclosure with the prior written consent of the Company. Prior to any disclosure by the Agent or
any Lender of such nonpublic information permitted under clause (iii), it shall, if permitted by applicable laws or judicial order, notify the Company of such pending disclosure. Upon the Company’s written request, the Agent and the Lenders
shall promptly return any materials furnished by the Company or its Subsidiaries. Notwithstanding the foregoing, such obligation of 

  
 26 

 
confidentiality shall not apply if the information or substantially similar information is or becomes part of the public domain. 

SECTION 9.09 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
CALIFORNIA. 
 SECTION 9.10 Submission to Jurisdiction. The Company, the Lenders, and the Agent each hereby
(i) submits to the nonexclusive jurisdiction of the courts of the State of California and the Federal courts of the United States sitting in the State of California for the purpose of any action or proceeding arising out of or relating to the
Loan Documents, (ii) agrees that all claims in respect of any such action or proceeding may be heard and determined in such courts, (iii) irrevocably waives (to the extent permitted by applicable law) any objection which it now or
hereafter may have to the laying of venue of any such action or proceeding brought in any of the foregoing courts, and any objection on the ground that any such action or proceeding in any such court has been brought in an inconvenient forum, and
(iv) agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner permitted by law. 

SECTION 9.11 Entire Agreement. The Loan Documents reflect the entire agreement between the Company, the Agent, and the Lenders
with respect to the matters set forth herein and therein and supersede any prior agreements, commitments, drafts, communication, discussions and understandings, oral or written, with respect thereto. 

SECTION 9.12 Severability. Whenever possible, each provision of the Loan Documents shall be interpreted in such manner as to be
effective and valid under all applicable laws and regulations. If, however, any provision of any of the Loan Documents shall be prohibited by or invalid under any such law or regulation in any jurisdiction, it shall, as to such jurisdiction, be
deemed modified to conform to the minimum requirements of such law or regulation, or, if for any reason it is not deemed so modified, it shall be ineffective and invalid only to the extent of such prohibition or invalidity without affecting the
remaining provisions of such Loan Document, or the validity or effectiveness of such provision in any other jurisdiction. 

SECTION 9.13 Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 
 [signature pages follow] 

  
 27 

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

			
	THE COMPANY
	  
 MARRONE BIO INNOVATIONS, INC., a Delaware
corporation

		
	 By
	 	 /s/ Pam Marrone
		 	 Title: President & CEO

  

			
	 Address:

 
 2121 Second Street, Suite B-107

Davis, California 95618

Attn.: Chief Executive Officer
  

With a copy to:
  

Morrison & Foerster LLP

400 Capitol Mall
 Suite 2600
 Sacramento, California 95814

Attn.: Charles S. Farman, Esq.

 SIGNATURE PAGE TO LOAN AGREEMENT 

 
			
	THE AGENT
	
	 /s/ Gordon Snyder
	Gordon Snyder

 SIGNATURE PAGE TO LOAN AGREEMENT 

 
			
	LENDER
	
	IRREVOCABLE TRUST U/W J.H.
	EVANS, a California trust
		
	By:	 	  /s/ Jane B. Vilas

		 	Jane B. Vilas, Trustee

 SCHEDULE 1 

Commitments and Pro Rata Shares 
  

									
	 Lender
	  	 Commitment Amount
	 	  	 Pro Rata Share
	 
	 Irrevocable Trust U/W J.H. Evans
	  	$	2,500,000	  	  	 	100	% 
	 Total
	  	$	2,500,000	  	  	 	100	% 

 SCHEDULE 2 

Existing Indebtedness 
  

	1.	Indebtedness owed to Point Financial, Inc. (“Point”) pursuant to that certain Loan Agreement, dated as of April 13, 2012, by and between Marrone
Bio Innovations, Inc. (“MBI”) and Point, in an aggregate principal amount equal to $10,000,000, as such agreement may be amended, restated, supplemented or otherwise modified from time to time; provided, however, that the principal
amount of the indebtedness evidenced or secured by the Point Security Agreement is not increased except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such
amendment, restatement, supplement or other modification. 

  

	2.	Indebtedness relating to that certain Convertible Note Purchase Agreement, dated as of March 15, 2012, by and among MBI and the Investors listed on the Schedule of
Investors attached thereto, as such agreement may be amended, restated, supplemented or otherwise modified from time to time; provided, however, that the principal amount of the indebtedness evidenced or secured by the Convertible Note Purchase
Agreement is not increased except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such amendment, restatement, supplement or other modification.

  

	3.	Indebtedness owed to Five Star Bank in an aggregate principal amount up to $1,000,000, as the agreement relating to such Indebtedness may be amended, restated,
supplemented or otherwise modified from time to time; provided, however, that the principal amount of the indebtedness to Five Star Bank is not increased except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and
expenses reasonably incurred, in connection with such amendment, restatement, supplement or other modification. 

 SCHEDULE 3 

Existing Liens 
  

													
	  	  	 Secured Party
	  	 Initial Filing Number
	 	  	 Initial Filing Date
	 	  	 Collateral Description

	 1
	  	Manufacturers’ Lease Plans, Inc.	  	 	2009 2917117	  	  	 	9/11/2009	  	  	Equipment
	 2
	  	Wells Fargo Foothill	  	 	2009 3286207	  	  	 	10/13/2009	  	  	Equipment
	 3
	  	Thermo Fisher Financial Services Inc.	  	 	2011 0842388	  	  	 	3/8/2011	  	  	Equipment
	 4
	  	Manufacturers’ Lease Plans, Inc.	  	 	2011 1307423	  	  	 	4/7/2011	  	  	Equipment
	 5
	  	Manufacturers’ Lease Plans, Inc.	  	 	2011 1486599	  	  	 	4/20/2011	  	  	Equipment
	 6
	  	Point Financial, Inc.	  	 	2012 1440108	  	  	 	7/13/2012	  	  	All assets
	 7
	  	Thermo Fisher Financial Services Inc.	  	 	2012 1830845	  	  	 	5/11/2012	  	  	Equipment
	 8
	  	Manufacturers’ Lease Plans, Inc.	  	 	2012 2469296	  	  	 	6/26/2012	  	  	Equipment
	 9
	  	Farnam Street Financial, Inc.	  	 	2012 2776104	  	  	 	7/19/2012	  	  	Equipment
	 10
	  	Five Star Bank	  	 	08-7158560393	  	  	 	5/20/2008	  	  	All assets
	 11
	  	Five Star Bank	  	 	2012 0023053	  	  	 	1/3/2012	  	  	All assets

 PROMISSORY NOTE 

 

			
	$2,500,000.00	  	 Davis, California
 October     , 2012

 FOR VALUE RECEIVED, MARRONE BIO INNOVATIONS, INC., a Delaware corporation (the
“Borrower”), hereby promises to pay to              (the “Lender”), in lawful money of the United States of America in immediately available funds,
the principal sum of TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00) or, if less, the unpaid principal amount of all Loans (as defined in the Agreement) made by the Lender pursuant to the Agreement, payable at such times and in such
amounts as are specified in the Agreement (as defined below). 
 Subject to Section 2.13 of the Agreement, the
Borrower also promises to pay interest on the unpaid principal amount of each Loan made by the Lender in like money (in each of the following cases, with such interest to be paid on the date that is the earlier of (x) the date that this Note is
converted pursuant to Section 2.13(a), (b), or (c) of the Agreement and (y) the applicable maturity date as set forth in Section 2.02 of the Agreement), (a) from the date of such Loan until and
including the Initial Maturity Date, at a rate per annum equal to 12%, (b) from and after Initial Maturity Date until and including the last day of the First Extended Term (if applicable), at a rate per annum equal to 13%, (c) from and
after the first day of the First Extended Term until and including the last day of the Second Extended Term (if applicable), at a rate per annum equal to 14%. 
 This Note is one of the Notes referred to in that certain Loan Agreement, dated as of October     , 2012 (as amended, restated, supplemented or otherwise modified from time to
time, the “Agreement”; capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Agreement), by and among the Borrower, the lenders from time to time party thereto, and Gordon
Snyder, an individual, as administrative agent and collateral agent for the Lenders (in such capacity, the “Agent”) and is entitled to the benefits thereof and of the other Loan Documents. This Note is secured by the Security
Agreement. As provided in the Agreement, this Note is subject to voluntary prepayment prior to the applicable maturity date, in whole or in part. 
 In case an Event of Default shall occur and be continuing, the principal of and accrued but unpaid interest on this Note may be declared to be due and payable in the manner and with the effect provided in
the Agreement. 
 In addition to and not in limitation of the foregoing and the provisions of the Agreement, the undersigned
further agrees, subject to the cure periods set forth in the Agreement and any limitation imposed by applicable law, to pay all out-of-pocket expenses, including, without limitation, attorneys’ fees and legal expenses, incurred by the holder of
this Note in endeavoring to collect any amounts payable hereunder which are not paid when due, whether by acceleration or otherwise. 
 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WTH, THE LAW OF THE STATE OF CALIFORNIA. 

 
			
	 MARRONE BIO INNOVATIONS, INC.,
 a Delaware corporation

		
	By:	 	 
	Name:	 	 
	Title:	 	 

 SIGNATURE PAGE TO PROMISSORY NOTEEX-10.20

 Exhibit 10.20 
 SECURITY AGREEMENT 
 THIS SECURITY AGREEMENT (this “Agreement”),
dated as of October 16, 2012, is made between Marrone Bio Innovations, Inc., a Delaware corporation (“Debtor”) and Gordon Snyder, an individual (“Snyder”), as collateral agent for the lenders party to the Loan Agreement
referred to below (in such capacity, “Secured Party”). 
 Debtor and Secured Party hereby agree as follows:

 SECTION 1 Definitions; Interpretation. 
 (a) All capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned to them in the Loan Agreement referred to below. 

(b) As used in this Agreement, the following terms shall have the following meanings: 

“Collateral” has the meaning set forth in Section 2(a). 

“Loan Agreement” means that certain Loan Agreement dated as of the date hereof by and among Debtor, the lenders from
time to time party thereto, and Snyder, as administrative agent and collateral agent for such lenders, as such agreement may be amended, restated, supplemented or otherwise modified from time to time. 

“UCC” means the Uniform Commercial Code as the same may, from time to time, be in effect in the State of California.

 (c) Where applicable and except as otherwise defined herein, terms used in this Agreement shall have the meanings assigned to
them in the UCC. 
 (d) In this Agreement, (i) the meaning of defined terms shall be equally applicable to both the
singular and plural forms of the terms defined; and (ii) the captions and headings are for convenience of reference only and shall not affect the construction of this Agreement. 

SECTION 2 Security Interest. 
 (a) As security for the payment and performance of the Obligations, Debtor hereby grants to Secured Party as collateral agent, for itself and for the ratable benefit of the Lenders, a security interest in
all of Debtor’s right, title and interest in, to and under all of its (i) personal property, wherever located and whether now existing or owned or hereafter acquired or arising, including all accounts, chattel paper, commercial tort
claims, deposit accounts, documents, equipment (including all fixtures), general intangibles, instruments, inventory, investment property, letter-of-credit rights, money, and other goods, and (ii) real property and real property interests,
appurtenances, and fixtures, including rights of possession and use under leases and licenses, tenant improvements, and rights under options to lease or purchase and the like, and in the case of each of clauses (i) and (ii), all products,
proceeds and supporting obligations of any and all of the foregoing (collectively, the “Collateral”). The interest of any Lender in the Collateral shall be on a parity with the interests of all other Lenders, and the interest of each
Lender in the Collateral shall be ratable in the proportion that the aggregate indebtedness then outstanding and unpaid under the Note(s) held by such Lender bears to the aggregate indebtedness then outstanding and unpaid under the Notes held by all
Lenders (except to the extent the Lenders agree to any other ratable interest therein). 

  
 1 

 (b) This Agreement shall create a continuing security interest in the Collateral which shall
remain in effect until terminated in accordance with Section 15 hereof. 
 (c) Notwithstanding the foregoing provisions of
this Section 2, the grant of a security interest as provided herein shall not extend to, and the term “Collateral” shall not include, any general intangibles of Debtor (whether owned or held as licensee or lessee, or otherwise), to
the extent that (i) such general intangibles are not assignable or capable of being encumbered as a matter of law or under the terms of the license, lease or other agreement applicable thereto (but solely to the extent that any such restriction
shall be enforceable under applicable law), without the consent of the licensor or lessor thereof or other applicable party thereto and (ii) such consent has not been obtained; provided, however, that the foregoing grant of
security interest shall extend to, and the term “Collateral” shall include, (A) any general intangible which is an account receivable or a proceed of, or otherwise related to the enforcement or collection of, any account receivable,
or goods which are the subject of any account receivable, (B) any and all proceeds of any general intangibles which are otherwise excluded to the extent that the assignment or encumbrance of such proceeds is not so restricted, and (C) upon
obtaining the consent of any such licensor, lessor or other applicable party’s consent with respect to any such otherwise excluded general intangibles, such general intangibles as well as any and all proceeds thereof that might have theretofore
have been excluded from such grant of a security interest and the term “Collateral”. 
 (d) Anything herein to the
contrary notwithstanding, in no event shall the Collateral include, and Debtor shall not be deemed to have granted a security interest in, any of Debtor’s right, title or interest in any of the outstanding voting capital stock or other
ownership interests of a Controlled Foreign Corporation (as defined below) in excess of 65% of the voting power of all classes of capital stock or other ownership interests of such Controlled Foreign Corporation entitled to vote; provided
that (i) immediately upon the amendment of the Internal Revenue Code to allow the pledge of a greater percentage of the voting power of capital stock or other ownership interests in a Controlled Foreign Corporation without adverse tax
consequences, the Collateral shall include, and Debtor shall be deemed to have granted a security interest in, such greater percentage of capital stock or other ownership interests of each Controlled Foreign Corporation; and (ii) if no adverse
tax consequences to Debtor shall arise or exist in connection with the pledge of any Controlled Foreign Corporation, the Collateral shall include, and Debtor shall be deemed to have granted a security interest in, such Controlled Foreign
Corporation. As used herein, “Controlled Foreign Corporation” shall mean a “controlled foreign corporation” as defined in the Internal Revenue Code. 
 (e) Secured Party agrees that, notwithstanding the terms of any account control agreements, while no Event of Default exists Secured Party (i) shall refrain from exerting control over any deposit or
securities accounts subject to such account control agreements, (ii) shall defer to Debtor’s control over the assets and proceeds in such accounts, including Debtor’s ability to withdraw from, or otherwise direct the disposition of
funds from, deposit accounts for the payment of Debtor’s obligations to third parties as they become due and payable, and including Debtor’s ability to withdraw from, designate investments in, or otherwise direct activities in its
securities accounts, and (iii) shall not send a “Notice of Exclusive Control” (or similar notice pursuant to which Secured Party purports to exert exclusive control over any deposit or securities account of Debtor) to the applicable
bank, broker or other securities intermediary party to an account control agreement. 
 SECTION 3 Financing Statements,
Etc. 
 Debtor hereby authorizes Secured Party to file at any time and from time to time any financing statements describing
the Collateral, and Debtor shall execute and deliver to Secured Party, and Debtor hereby authorizes Secured Party to file (with or without Debtor’s signature), at any time and from time to time, all amendments to financing statements,
assignments, continuation financing statements, 

  
 2 

 
termination statements, and other documents and instruments, in form reasonably satisfactory to Secured Party, as Secured Party may reasonably request, to perfect and continue perfected, maintain
the priority of or provide notice of the security interest of Secured Party in the Collateral and to accomplish the purposes of this Agreement. 
 SECTION 4 Representations and Warranties. Debtor represents and warrants to Secured Party that: 
 (a) Debtor is duly organized, validly existing and in good standing under the law of the jurisdiction of its organization and has all requisite power and authority to execute, deliver and perform its
obligations under this Agreement. 
 (b) The execution, delivery and performance by Debtor of this Agreement have been duly
authorized by all necessary action of Debtor, and this Agreement constitutes the legal, valid and binding obligation of Debtor, enforceable against Debtor in accordance with its terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium, or similar debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of equitable remedies. 

(c) No authorization, consent, approval, license, exemption of, or filing or registration with, any governmental authority or agency, or
approval or consent of any other Person, is required for the due execution, delivery or performance by Debtor of this Agreement, except for any filings necessary to perfect any Liens on any Collateral. 

(d) Debtor’s exact legal name is as set forth in the first paragraph of this Agreement. 

(e) Debtor has rights in or the power to transfer the Collateral, and Debtor is the sole and complete owner of the Collateral, free from
any Lien other than Permitted Liens. 
 SECTION 5 Covenants. So long as any of the Obligations remain unsatisfied, Debtor
agrees that: 
 (a) Debtor shall do and perform all reasonable acts that may be necessary and appropriate to maintain, preserve,
and protect the Collateral. 
 (b) Debtor shall comply in all material respects with all laws, regulations and ordinances, and
all policies of insurance, relating in a material way to the possession, operation, maintenance and control of the Collateral. 

(c) Debtor shall give prompt written notice to Secured Party (and in any event not later than 60 days following any change described
below in this subsection) of: (i) any change in its name; (ii) any changes in its identity or structure in any manner which might make any financing statement filed hereunder incorrect or misleading; (iii) any change in its
registration as an organization (or any new such registration); or (iv) any change in its jurisdiction of organization. 

(d) Debtor shall pay and discharge all material taxes, fees, assessments and governmental charges or levies imposed upon it with respect
to the Collateral prior to the date on which penalties attach thereto, except to the extent such taxes, fees, assessments or governmental charges or levies are being contested in good faith by appropriate proceedings and are adequately reserved
against in 

  
 3 

 
accordance with GAAP; provided that the failure to make any such payments shall not constitute a breach of this covenant unless the aggregate amount of such payments could reasonably be
expected to exceed $200,000. 
 (e) Debtor shall maintain and preserve its legal existence, its rights to transact business and
all other rights, franchises and privileges necessary or desirable in the normal course of its business and operations and the ownership of the Collateral, except in connection with any transactions expressly not expressly prohibited hereunder.

 (f) Upon the written request of Secured Party, Debtor shall promptly deliver to Secured Party, or an agent designated by it,
appropriately endorsed or accompanied by appropriate instruments of transfer or assignment, all documents and instruments, all certificated securities with respect to any investment property, all letters of credit and all accounts and other rights
to payment at any time evidenced by promissory notes, trade acceptances or other instruments. 
 (g) Upon Secured Party’s
written request, Debtor shall promptly notify Secured Party if Debtor holds or acquires (i) any commercial tort claims, (ii) any chattel paper, including any interest in any electronic chattel paper, or (iii) any letter-of-credit
rights. 
 SECTION 6 Events of Default. An “Event of Default” under the Loan Agreement shall constitute an
Event of Default hereunder. 
 SECTION 7 Remedies. 

(a) Upon the occurrence and during the continuance of any Event of Default, Secured Party may, by notice to Debtor, declare any of the
Obligations to be immediately due and payable and shall have, in addition to all other rights and remedies granted to it in this Agreement, all rights and remedies of a secured party under the UCC and other applicable laws. 

(b) The cash proceeds actually received from the sale or other disposition or collection of Collateral, and any other amounts received in
respect of the Collateral the application of which is not otherwise provided for herein, shall be applied to the payment of the Obligations as set forth in the Loan Agreement. Any surplus thereof which exists after payment and performance in full of
the Obligations shall be promptly paid over to Debtor or otherwise disposed of in accordance with the UCC or other applicable law. 
 SECTION 8 Notices. All notices or other communications hereunder shall be provided in accordance with Section 9.02 of the Loan Agreement. 

SECTION 9 No Waiver; Cumulative Remedies. No failure on the part of Secured Party or any Lender 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 such right, remedy, power or privilege preclude any other or further exercise thereof or the exercise of
any other right, remedy, power or privilege. The rights and remedies under this Agreement are cumulative and not exclusive of any rights, remedies, powers and privileges that may otherwise be available to Secured Party and the Lenders. 

  
 4 

 SECTION 10 Binding Effect. This Agreement shall be binding upon, inure to the benefit
of and be enforceable by Debtor, Secured Party, each Lender and their respective successors and assigns and shall bind any Person who becomes bound as a debtor to this Agreement. 

SECTION 11 Governing Law. This Agreement shall be governed by, and construed in accordance with, the law of the State of
California, except as required by mandatory provisions of law and to the extent the validity or perfection of the security interests hereunder, or the remedies hereunder, in respect of any Collateral are governed by the law of a jurisdiction other
than California. 
 SECTION 12 Entire Agreement; Amendment. This Agreement contains the entire agreement of the parties
with respect to the subject matter hereof and shall not be amended except by the written agreement of the parties. 
 SECTION 13
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under all applicable laws and regulations. If, however, any provision of this Agreement shall be prohibited by
or invalid under any such law or regulation in any jurisdiction, it shall, as to such jurisdiction, be deemed modified to conform to the minimum requirements of such law or regulation, or, if for any reason it is not deemed so modified, it shall be
ineffective and invalid only to the extent of such prohibition or invalidity without affecting the remaining provisions of this Agreement, or the validity or effectiveness of such provision in any other jurisdiction. 

SECTION 14 Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 
 SECTION 15 Termination. Upon payment and performance in full of all Obligations, the security interest created under this Agreement shall terminate and Secured Party shall promptly execute and
deliver to Debtor such documents and instruments reasonably requested by Debtor as shall be necessary or appropriate to evidence termination of all security interests given by Debtor to Secured Party hereunder. 

SECTION 16 Conflicts. In the event of any conflict or inconsistency between this Agreement and the Loan Agreement, the terms of
this Agreement shall control. 
 SECTION 17 Confidentiality. Secured Party covenants and agrees, on a continuing basis,
to use reasonable efforts to maintain the confidentiality of and not to disclose to any person other than its officers, directors, attorneys and accountants and subsidiaries and affiliates, and such other persons to whom Secured Party shall at any
time be required to make such disclosure in accordance with applicable law, any and all proprietary, trade secret or confidential information provided to or received by Secured Party from or on account of

  
 5 

 
Debtor or any subsidiary or affiliate of Debtor, including business plans and forecasts, non-public financial information, confidential or secret processes, formulae, devices or contractual
information, customer lists, employee relation matters, and any other information the disclosure of which could reasonably be expected to have a material adverse impact on the business, finances or operations of Debtor or its subsidiaries and
affiliates; provided, however, the foregoing provisions shall not be effective regarding the disposition of Collateral after an Event of Default. 
 [remainder of page intentionally left blank] 

  
 6 

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

			
	 MARRONE BIO INNOVATIONS, INC.,
 a Delaware corporation

		
	By:	 	/s/ Pamela G. Marrone
	Name:	 	Pamela G. Marrone
	Title:	 	President & CEO

 

	
	
	/s/ Gordon Snyder
	GORDON SNYDER

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