Document:

EX-10.2

 Exhibit 10.2 
 FIRST AMENDMENT TO 
 SALE AND SERVICING AGREEMENT 

This First Amendment to Sale and Servicing Agreement, dated as of April 13, 2017 (this “Amendment”), is by and
among Santander Drive Auto Receivables LLC, as seller (the “Seller”), and Santander Consumer USA Inc. (“SC”), as servicer (in such capacity, the “Servicer”). 

WHEREAS, Santander Drive Auto Receivables Trust 2013-1, as issuer (the “Issuer”), the Seller, the Servicer, and Deutsche
Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”) are parties to that certain Sale and Servicing Agreement, dated as of January 16, 2013 (as amended, supplemented and modified from time to time, the
“Sale and Servicing Agreement”); 
 WHEREAS, pursuant to the Sale and Servicing Agreement, the Servicer is
required to pay all expenses incurred by it in connection with its activities as servicer other than expenses in connection with the sale of a repossessed vehicle, which may be netted from liquidation proceeds from such sale; 

WHEREAS, the Servicer has paid, and has agreed to continue to pay, external costs associated with repossession expenses attributable to
Financed Vehicles sold after the related Receivables have become Defaulted Receivables; 
 WHEREAS, the Seller and the Servicer
desire to amend the Sale and Servicing Agreement to memorialize the agreement of the Servicer to pay such external costs rather than netting such amounts from sale proceeds from the disposition of a repossessed Financed Vehicle; 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree as follows: 
 SECTION 1. Definitions. Capitalized terms used in this Amendment and not otherwise defined herein
shall have the meanings assigned thereto in the Sale and Servicing Agreement, as amended hereby. 
 SECTION 2.
Amendments. Effective as of January 1, 2017, the Sale and Servicing Agreement is hereby amended as follows: 
 (a)
The definition of “Liquidation Proceeds” in Appendix A of the Sale and Servicing Agreement is hereby amended by deleting the phrase “net of any expenses (including, without limitation, any auction, painting, repair or refurbishment
expenses in respect of the related Financed Vehicle)” where it appears therein and replacing it with the phrase “net of auction, painting, repair, refurbishment and similar expenses (but excluding any external costs associated with
repossession expenses, which shall be an expense of the Servicer)”. 
  

					
		 		  	 SDART 2013-1: Amendment to

Sale and Servicing Agreement

 SECTION 3. Miscellaneous. The Sale and Servicing Agreement, as amended hereby,
remains in full force and effect. Any reference to the Sale and Servicing Agreement from and after the date hereof shall be deemed to refer to the Sale and Servicing Agreement as amended hereby, unless otherwise expressly stated. This Amendment may
be executed in any number of counterparts and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same
agreement. Executed counterparts of this Amendment may be delivered by facsimile, which shall be effective as delivery of a manually executed signature page. This Amendment shall be governed by and construed in accordance with the internal,
substantive laws of the State of New York without reference to the rules thereof relating to conflicts of law, other than Sections 5-1401 and 5-1402 of the New York General Obligations Law, and the obligations, rights and remedies of the parties
hereunder shall be determined in accordance with such laws. 
 [Signatures follow] 

 

					
		 	2	  	 SDART 2013-1: Amendment to

Sale and Servicing Agreement

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	SANTANDER DRIVE AUTO RECEIVABLES LLC, as Seller
		
	By:	 	 /s/ Mark McCastlain

	Name:	 	Mark McCastlain
	Title:	 	Vice President
	
	SANTANDER CONSUMER USA INC., as Servicer
		
	By:	 	 /s/ Corey Henry

	Name:	 	Corey Henry
	Title:	 	Vice President

  

					
		 	S-1	  	 SDART 2013-1: Amendment to

Sale and Servicing AgreementExhibit 4.16

 

 

Exchange Agreement

 

December 28, 2016

 

Amyris, Inc.

5885 Hollis Street, Suite 100

Emeryville, California 94608

Attention: Raffi Asadorian

 

Re: Amyris, Inc. Exchange for 9.50% Convertible Senior Notes
due 2019 

 

Ladies and Gentlemen:

 

Amyris, Inc., a Delaware corporation (the “Company”),
is offering the opportunity for existing beneficial owners (each, an “Investor” and collectively, the “Investors”)
of the Company’s 3% Senior Unsecured Convertible Notes due 2017 (the “Old Notes”) to exchange Old Notes
(the “Exchange Offer”) for the Company’s 9.50% Convertible Senior Notes due 2019 (the “New Notes”)
pursuant and subject to the terms and conditions set forth in this Exchange Agreement.

 

Each Investor understands that the Exchange Offer is being made
without registration under the

Securities Act of 1933, as amended (the “Securities Act”), or any
securities laws of any state of the

United States or of any other jurisdiction, and that the Exchange Offer is only being
made to Investors

who are both “accredited investors” (as defined in Rule 501 of Regulation
D under the Securities Act) and “qualified institutional buyers” (as defined in Rule 144A under the Securities Act)
in reliance upon a

private placement exemption from registration.

 

1.                 
The Exchange Offer. Subject to the terms and conditions of this Exchange Agreement, each undersigned Investor hereby agrees
to exchange the aggregate principal amount of Old Notes set forth on the signature page of such Investor hereto (such Old Notes,
the “Exchanged Old Notes”), together with any accrued and unpaid interest on such Exchanged Old Notes to, but
excluding, the Closing Date (as defined below), for New Notes having an aggregate principal amount equal to approximately 125%
of the principal amount of the Exchanged Old Notes, as set forth on the signature page of such Investor hereto (the “Exchanged
New Notes”), and the Company hereby agrees to issue such aggregate principal amount of Exchanged New Notes to such Investor
in exchange for such Exchanged Old Notes (and accrued and unpaid interest thereon). The Company and each Investor further agree
that interest on the Exchanged New Notes will accrue from, and including, October 15, 2016.

 

2.                 
The Closing. The closing of the Exchange Offer (the “Closing”) shall take place remotely via the exchange
of documents and signatures at 10:00 a.m., Pacific Time, on the first business day on which the conditions to the Closing set forth
in Section 6 below are satisfied or waived, or at such other time and place as mutually agreed by the Company and the undersigned
Investors (the “Closing Date”).

 

		3.	The Terms of the Exchange Offer; Closing Mechanics.

 

Subject to the terms and conditions of this Exchange Agreement,
each undersigned Investor hereby sells, assigns and transfers to, or upon the order of, the Company, all right, title and interest
in the Exchanged Old Notes as is indicated on the signature page of such Investor hereto, waives any and all other rights with
respect to such Exchanged Old Notes, and releases and discharges the Company from any and all claims the undersigned may now have,
or may have in the future, arising out of, or related to, such Exchanged Old Notes.

 

     

     

    

(a) The Depository Trust Company (“DTC”) will act
as securities depositary for the New Notes. At or prior to the times set forth in the Investor Exchange Procedures set forth in
Annex A hereto, each Investor shall cause the Exchanged Old Notes to be delivered to the Company for cancellation as instructed
in the Exchange Procedures; and

 

(b) On the Closing Date, subject to satisfaction of the conditions
precedent specified in Section 6 hereof, the Company shall execute, and cause Wells Fargo Bank, National Association, as
Trustee (the “New Note Trustee”) under the Indenture, dated as of October 20, 2015, between the Company and
the New Note Trustee relating to the New Notes (the “Indenture”) to authenticate and deliver to the DTC account
specified by each undersigned Investors on its signature page hereto, the Exchanged New Notes.

 

4. Representations and Warranties of the Company. The Company represents
and warrants to each Investor that:

 

(a) Organization and Good Standing. The Company is duly organized
and is validly existing and in good standing under the laws of its jurisdiction of organization.

 

(b) Due Authorization. This Exchange Agreement has been duly
authorized, executed and delivered by the Company.

 

(c) Authorization of Exchanged New Notes. The Exchanged New
Notes have been duly authorized by the Company and, when issued, authenticated and delivered in accordance with the Indenture and
this Exchange Agreement and paid for by the Investors in accordance with the terms hereof, the New Notes will be validly issued
and will constitute legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their
terms, except that the enforcement thereof may be subject to (1) bankruptcy, insolvency, reorganization, receivership, moratorium,
fraudulent conveyance, fraudulent transfer or other similar laws now or hereafter in effect relating to creditors’ rights
generally; and (2) general principles of equity (whether applied by a court of law or equity) and the discretion of the court before
which any proceeding therefor may be brought.

 

(d) Authorization of Indenture. The Indenture has been duly
authorized, executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except that the enforcement thereof may be subject to (1) bankruptcy, insolvency,
reorganization, receivership, moratorium, fraudulent conveyance, fraudulent transfer or other similar laws now or hereafter in
effect relating to creditors’ rights generally; and (2) general principles of equity (whether applied by a court of law or
equity) and the discretion of the court before which any proceeding therefor may be brought.

 

(e) Authorization of Conversion Shares. The shares of the
Company’s common stock, par value $0.0001 per share (the “Common Stock”) issuable upon conversion of the
Exchanged New Notes, upon the Company’s election to pay interest on the Exchange New Notes in shares of Common Stock and
as early conversion payment of future interest upon conversion of the Exchange New Notes, in each case in accordance with the terms
of the Exchanged New Notes and the Indenture (collectively, the “Conversion Shares”) have been duly authorized
and reserved for issuance by all necessary corporate action, and the Conversion Shares, when and if issued in accordance with the
terms of the Exchanged New Notes and the Indenture, will be validly issued, fully paid and non-assessable. The issuance of the
Conversion Shares will not be subject to the preemptive or other similar rights of any securityholder of the Company.

 

(f) Exemption from Registration. Assuming the accuracy of
the representations and warranties of the Investors herein, (1) the issuance of the Exchanged New Notes in exchange for the Exchanged
Old Notes

 

     

     

    

pursuant to this Exchange Agreement is exempt from the registration requirements of the
Securities Act; and (2) the Indenture is not required to be qualified under the Trust Indenture Act of 1939, as amended.

 

(g) New Class. The Exchanged New Notes, when issued, will
not be of the same class as securities listed on a national securities exchange registered under Section 6 of the Securities Exchange
Act of 1934 (the “Exchange Act”), or quoted in a U.S. automated inter-dealer quotation system, within the meaning
of Rule 144A(d)(3)(i) under the Securities Act.

 

5. Representations and Warranties of the Investors. Each Investor hereby represents
and warrants to and covenants with the Company that:

 

(a) Organization and Good Standing. The Investor is a corporation,
limited partnership, limited liability company or other entity, as the case may be, duly formed, validly existing and in good standing
under the laws of the jurisdiction of its formation.

 

(b) Due Authorization. The Investor has full power and authority
to exchange, sell, assign and transfer the Exchanged Old Notes exchanged hereby and to enter into this Exchange Agreement and perform
all obligations required to be performed by the Investor hereunder.

 

(d) No Conflict. Participation in the Exchange Offer will
not contravene (1) any law, rule or regulation binding on the Investor or any investment guideline or restriction applicable to
the Investor and (2) the charter or bylaw (or equivalent organizational documents) of the Investor.

 

(e) Investor Identity. The Investor is a resident of the state
set forth on its signature page hereto and is not acquiring the Exchanged New Notes as a nominee or agent or otherwise for any
other person.

 

(f) Compliance with Laws. The Investor will comply with
all applicable laws and regulations in effect in any jurisdiction in which the undersigned acquires or sells Exchanged New Notes
and will obtain any consent, approval or permission required for such purchases, acquisitions or sales under the laws and regulations
of any jurisdiction to which the undersigned is subject or in which the undersigned makes such purchases, acquisitions or sales,
and the Company shall have no responsibility therefor.

 

(g) Information. The Investor acknowledges that no person has
been authorized to give any information or to make any representation concerning the Exchange Offer and the Company and its subsidiaries
other than the Exchange Agent and the Company’s duly authorized officers and employees in connection with the Investor’s
examination of the Company and its subsidiaries and the terms of the Exchange Offer and the Company and its subsidiaries do not
take any responsibility for, and neither the Company nor its subsidiaries can provide any assurance as to the reliability of, any
other information that may have been provided to the Investor. The Investor hereby acknowledges that the Exchange Agent (as defined
below) does not take any responsibility for, and can provide no assurance as to the reliability of, any such information.

 

(h) Risk of Investment. The Investor understands
and accepts that acquiring the New Notes in the Exchange Offer involve risks. The Investor has such knowledge, skill and experience
in business, financial and investment matters that the Investor is capable of evaluating the merits and risks of the Exchange
Offer and an investment in the New Notes. With the assistance of the Investor’s own professional advisors, to the extent
that the Investor has deemed appropriate, the Investor has made its own legal, tax, accounting and financial evaluation of the
merits and risks of an investment in the New Notes and the consequences of the Exchange Offer and this Exchange Agreement. The
Investor has considered the suitability of the New Notes as an investment in light of its own circumstances and

 

     

     

    

financial condition, and the Investor is able to bear the risks associated
with an investment in the New Notes.

 

(i) No Reliance. The Investor confirms that it is not relying
on any communication (written or oral) of the Company, Stifel, Nicolaus & Company, Incorporated (the “Exchange Agent”)
or any of their respective agents or affiliates as investment advice or as a recommendation to participate in the Exchange Offer
and receive the Exchanged New Notes pursuant to the terms hereof. It is understood that information provided by the Company, the
Exchange Agent or any of their respective agents or affiliates, shall not be considered investment advice or a recommendation with
respect to the Exchange Offer, and that none of the Company, the Exchange Agent or any of their respective agents or affiliates
is acting or has acted as an advisor to the Investor in deciding whether to participate in the Exchange Offer.

 

(j) Advisors. The Investor confirms that neither the Company
nor the Exchange Agent has (1) given any guarantee or representation as to the potential success, return, effect or benefit (either
legal, regulatory, tax, financial, accounting or otherwise) of an investment in the New Notes; or (2) made any representation to
the Investor regarding the legality of an investment in the New Notes under applicable investment guidelines, laws or regulations.
In deciding to participate in the Exchange Offer, the Investor is not relying on the advice or recommendations of the Company or
the Exchange Agent, and the Investor has made its own independent decision that the investment in the New Notes is suitable and
appropriate for the Investor.

 

(k) Company Information. The Investor is familiar with the
business and financial condition and operations of the Company and has conducted its own investigation of the Company and the New
Notes. The Investor has had access to the Company’s filings with the Securities and Exchange Commission (the “Commission”)
and such other information concerning the Company and the New Notes as it deems necessary to enable it to make an informed investment
decision concerning the Exchange Offer. The Investor has been offered the opportunity to ask questions of the Company and its representatives
and has received answers thereto as the Investor deems necessary to enable it to make an informed investment decision concerning
the Exchange Offer and the New Notes.

 

(l) Governmental Approval. The Investor understands that
no federal, state, local or foreign agency has passed upon the merits or risks of an investment in the New Notes or made any finding
or determination concerning the fairness or advisability of such investment.

 

(m) Investor Qualification. The Investor is an “accredited
investor” as defined in Rule 501(a) under the Securities Act and a “qualified institutional buyer” as defined
in Rule 144A under the Securities Act. The Investor agrees to furnish any additional information reasonably requested by the Company
or any of its affiliates to assure compliance with applicable U.S. federal and state securities laws in connection with the Exchange
Offer.

 

(n) Affiliate Status. The Investor is not directly,
or indirectly through one or more intermediaries, controlling or controlled by, or under direct or indirect common control with,
the Company and is not, and has not been for the immediately preceding three months, an “affiliate” (within the meaning
of Rule 144 under the Securities Act) of the Company.

 

(o) Purchase for Investment Only; No Registration. The Investor
is acquiring the Exchanged New Notes solely for the Investor’s own beneficial account, or for an account with respect to
which the Investor exercises sole investment discretion, for investment purposes, and not with a view to, or for resale in connection
with, any distribution of the Exchanged New Notes. The Investor understands that the offer and sale of the Exchanged New Notes
have not been registered under the Securities Act or any state securities laws by reason of specific exemptions under the provisions
thereof that depend in part

 

     

     

    

upon the investment intent of the Investor and the accuracy of the other representations
made by the Investor in this Exchange Agreement.

 

(p) Company Reliance. The Investor understands that the Company
is relying upon the representations and agreements contained in this Exchange Agreement (and any supplemental information) for
the purpose of determining whether the Investor’s participation in the Exchange Offer meets the requirements for such exemptions.
In addition, the Investor acknowledges and agrees that any hedging transactions engaged in by the Investor after the Exchange Offer
is made public and prior to the Closing in connection with the issuance and sale of the Exchanged New Notes have been and will
be conducted in compliance with the Securities Act and the rules and regulations promulgated thereunder.

 

(q) Restricted Securities. The Investor acknowledges that
the Exchanged New Notes and the shares of Common Stock, if any, issuable upon conversion thereof have not been registered under
the Securities Act. As a result, the Exchanged New Notes and the shares of Common Stock, if any, issuable upon conversion thereof
may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, except to the extent
such securities are registered with the Commission and qualified by state authorities, or pursuant to an exemption from, or in
a transaction not subject to, the registration requirements of the Securities Act and the Investor hereby agrees that it will not
sell the Exchanged New Notes or the shares of Common Stock, if any, issuable upon conversion thereof other than in compliance with
such transfer restrictions.

 

(r) Mutual Negotiation. The Investor acknowledges that the
terms of the Exchange Offer and/or the New Notes Offering have been mutually negotiated between the Investor and the Company and
that the Investor was given a meaningful opportunity to negotiate the terms of the Exchange Offer. The Investor acknowledges that
it had a sufficient amount of time to consider whether to participate in the Exchange Offer and that neither the Company nor the
Exchange Agent has placed any pressure on the Investor to respond to the opportunity to participate in the Exchange Offer.

 

(s) Finder Fee. The Investor acknowledges the Company intends
to pay the Exchange Agent a fee in respect of the Exchange Offer.

 

(t) Additional Documentation. The Investor will, upon request,
execute and deliver any additional documents reasonably requested by the Company or the New Notes Trustee to complete the Exchange
Offer.

 

(u) Representations and Warranties. The Investor understands
that, unless the Investor notifies the Company in writing to the contrary before the Closing, each of the Investor’s representations
and warranties contained in this Exchange Agreement will be deemed to have been reaffirmed and confirmed as of the Closing, taking
into account all information received by the Investor.

 

(v) No Minimum Investment. The Investor’s participation
in the Exchange Offer was not conditioned by the Company on the Investor’s exchange of a minimum principal amount of Exchanged
Old Notes.

 

6. Conditions to Obligations of the Investors and the Company. The obligations
of each Investor to deliver the Exchanged Old Notes of such Investor and of the Company to deliver the Exchanged New Notes to
each Investor are subject to the satisfaction or waiver at or prior to the Closing of the conditions precedent that (a) the representations
and warranties of the Company and such Investor contained in Sections 4 and 5 , respectively, shall be true and
correct as of the Closing in all material respects with the same effect as though such representations and warranties had been
made as of the Closing, (b) the Company shall have obtained any required consents, waivers and/or approvals under its existing
agreements with its securityholders with respect to the issuance of the Exchanged New Notes in exchange

 

     

     

    

for the Exchanged Old Notes (and accrued and unpaid interest thereon) and the consummation
of the transactions related thereto, and (c) the Conversion Shares shall be approved for listing on The NASDAQ Stock Market (“NASDAQ”),
subject to official notice of issuance.

 

7. Covenant and Acknowledgment of the Company. At or prior to 9:00 a.m., New York
City time, on the first business day after the date hereof, the Company shall file a press release or Current Report on Form 8-K
announcing the Exchange Offer, which press release or Form 8-K the Company acknowledges and agrees will disclose all material non-public
information, if any, with respect to the Exchange Offer or otherwise communicated by the Company to the Investors in connection
with the Exchange Offer.

 

Notwithstanding the foregoing, the Company shall not publicly disclose the name of any
Investor or Fidelity Management & Research Company (“Fidelity”) or any of their respective affiliates, or
include the name of any Investor or Fidelity or any of their respective affiliates in any press release or in any filing with the
Commission or any regulatory agency or trading market, without the prior written consent of such Investor or Fidelity or such affiliate,
as applicable, except (i) as required by the federal securities law, (ii) the filing of this Exchange Agreement with the Commission
and in the related current report on Form 8-K or other applicable filing with the Commission required under the Securities Exchange
Act of 1934, in each case in a manner acceptable to such Investor, (iii) in the press release issued by the Company in connection
with the announcement of the Exchange Offer in a manner acceptable to the Investor, and (iv) to the extent such disclosure is required
by law, at the request of the Staff of the Commission or regulatory agency or under the regulations of NASDAQ, in which case the
Company shall provide the applicable Investor, Fidelity or the applicable subsidiary, as applicable, with prior written notice
of such disclosure permitted under this subclause (iv).

 

8.                 
Waiver, Amendment. Neither this Exchange Agreement nor any provisions hereof shall be modified, changed, discharged or terminated
except by an instrument in writing, signed by the party against whom any waiver, change, discharge or termination is sought.

 

9.                 
Assignability. Neither this Exchange Agreement nor any right, remedy, obligation or liability arising hereunder or by reason
hereof shall be assignable by the Company without the prior written consent of each Investor nor by any Investor without the prior
written consent of the Company, which consent shall not be unreasonably withheld.

 

10.             
Taxation. Each Investor acknowledges that, if such Investor is a United States person for U.S. federal income tax purposes,
either (1) the Company and the New Notes Trustee must be provided with a correct taxpayer identification number (“TIN”),
generally a person’s social security or federal employer identification number, and certain other information on Internal
Revenue Service (“IRS”) Form W-9, which is provided as an attachment hereto, and a certification, under penalty
of perjury, that such TIN is correct, that such Investor is not subject to backup withholding (at a rate of 28%) and that such
Investor is a United States person, or (2) another basis for exemption from backup withholding must be established. Each Investor
further acknowledges that, if such Investor is not a United States person for U.S. federal income tax purposes, (1) the Company
and the New Notes Trustee must be provided the appropriate IRS Form W-8 signed under penalties of perjury, attesting to that non-U.S.
Investor’s foreign status, and (2) such Investor may be subject to 30% U.S. federal withholding or 28% U.S. federal backup
withholding tax on certain payments made to such Investor unless such Investor properly establishes an exemption from, or a reduced
rate of, withholding or backup withholding.

 

11. Waiver of Jury Trial. EACH OF THE COMPANY AND EACH INVESTOR IRREVOCABLY WAIVES
ANY AND ALL RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS EXCHANGE
AGREEMENT.

 

     

     

    

12. Governing Law/Venue. THIS EXCHANGE AGREEMENT SHALL BE GOVERNED BY THE LAWS
OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN
THE LAW OF THE STATE OF NEW YORK. Each of the Company and each Investor (a) agrees that any legal suit, action or proceeding arising
out of or relating to this agreement or the transactions contemplated hereby shall be instituted exclusively in the courts of the
State of New York located in the City and County of New York or in the United States District Court for the Southern District of
New York; (b) waives any objection that it may now or hereafter have to the venue of any such suit, action or proceeding; and (c)
irrevocably consents to the jurisdiction of the aforesaid courts in any such suit, action or proceeding.

 

13. Section and Other Headings. The section and other headings contained in this
Exchange Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Exchange Agreement.

 

14. Counterparts. This Exchange Agreement may be executed by one or more of the
parties hereto in any number of separate counterparts (including by facsimile or other electronic means, including telecopy, email
or otherwise), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery
of an executed signature page of this Exchange Agreement by facsimile or other transmission (e.g. , “pdf” or
“tif” format) shall be effective as delivery of a manually executed counterpart hereof.

 

15. Notices. All notices and other communications provided for herein shall be
in writing and shall be deemed to have been duly given if delivered personally or sent by prepaid overnight courier or registered
or certified mail, return receipt requested, postage prepaid to, in the case of the Company, the following address and, in the
case of any Investor, the address provided on the signature page of such Investor (or such other address as any party shall have
specified by notice in writing to the other):

 

	If to the Company:	
        Amyris, Inc.

        5885 Hollis Street, Suite 100

        Emeryville, California 94608

        Fax: (510) 225-2645

        Attention: General Counsel

 

 

16. Binding Effect. The provisions of this Exchange Agreement shall be binding
upon and accrue to the benefit of the parties hereto and their respective heirs, legal representatives, successors and permitted
assigns.

 

17. Notification of Changes. Each Investor hereby covenants and agrees to notify
the Company upon the occurrence of any event prior to the Closing that would cause any representation, warranty, or covenant of
such Investor contained in this Exchange Agreement to be false or incorrect in any material respect.

 

18. [Reserved.] 

 

19. Severability. If any term or provision (in whole or in part) of this Exchange
Agreement is determined to be invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other term or provision of this Exchange Agreement or invalidate or render unenforceable such term or provision
in any other jurisdiction.

 

20. Termination of Old Notes SPA. The Company and the Investors hereby agree and
acknowledge that, upon the Closing, the Securities Purchase Agreement, dated as of February 24, 2012, between the

 

     

     

    

Company and the entities listed on Schedule I thereto, including the Investors, relating
to the Old Notes (the “Old Notes SPA”) shall terminate and be of no further force or effect, except for any
provisions thereof that the Old Notes SPA expressly states shall survive such termination.

 

[SIGNATURE PAGES FOLLOW]

 

 

 

 

 

 

 

     

     

    

IN WITNESS WHEREOF, the undersigned has executed this Exchange
Agreement as of the date first written above.

 

AMYRIS, INC.

 

By: /s/ Raffi Asadorian

Name: Raffi Asadorian

Title: Chief Financial Officer

 

 

 

 

 

 

 

 

 

     

     

    

IN WITNESS WHEREOF, the undersigned has executed this Exchange
Agreement as of the date first written above.

 

	 	
        INVESTOR:

         

	 	Fidelity Advisor Series I:
	 	Fidelity Advisor Equity Income Fund
	 	
         

        By:
	
         

        /s/ Jeffrey Christian

	 	Name:	Jeffrey Christian
	 	Title:	Authorized Signatory
	 	 	 
	 	Address for Notices:
	 	
         

         

 

 

Old Exchange Notes Principal Amount: $516,000

 

Exchanged New Notes Principal Amount: $645,000

 

DTC Participant Number for Delivery of Exchanged New Notes:

 

DTC Participant Name: JP Morgan Chase

 

Participant Contact:

 

Name:

 

Telephone Number

 

 

 

 

     

     

    

IN WITNESS WHEREOF, the undersigned has executed this Exchange
Agreement as of the date first written above.

 

	 	
        INVESTOR:

         

	 	Variable Insurance Products Fund:
	 	Equity Income Portfolio
	 	
         

        By:
	
         

        /s/ Jeffrey Christian

	 	Name:	Jeffrey Christian
	 	Title:	Authorized Signatory
	 	 	 
	 	Address for Notices:
	 	
         

         

 

 

Old Exchange Notes Principal Amount: $1,383,000

 

Exchanged New Notes Principal Amount: $1,729,000

 

DTC Participant Number for Delivery of Exchanged New Notes:

 

DTC Participant Name: Northern Trust

 

Participant Contact:

 

Name:

 

Telephone Number

 

 

 

 

 

     

     

    

IN WITNESS WHEREOF, the undersigned has executed this Exchange
Agreement as of the date first written above.

 

	 	
        INVESTOR:

         

	 	Fidelity Devonshire Trust: Fidelity
	 	Equity-Income Fund
	 	
         

        By:
	
         

        /s/ Jeffrey Christian

	 	Name:	Jeffrey Christian
	 	Title:	Authorized Signatory
	 	 	 
	 	Address for Notices:
	 	
         

         

 

 

Old Exchange Notes Principal Amount: $2,101,000

 

Exchanged New Notes Principal Amount: $2,626,000

 

DTC Participant Number for Delivery of Exchanged New Notes:

 

DTC Participant Name: Northern Trust

 

Participant Contact:

 

Name:

 

Telephone Number

 

 

 

 

     

     

    

IN WITNESS WHEREOF, the undersigned has executed this Exchange
Agreement as of the date first written above.

 

	 	
        INVESTOR:

         

	 	Fidelity Destiny Portfolios: Fidelity
	 	Advisor Diversified Stock Fund
	 	
         

        By:
	
         

        /s/ Jeffrey Christian

	 	Name:	Jeffrey Christian
	 	Title:	Authorized Signatory
	 	 	 
	 	Address for Notices:
	 	
         

         

 

 

Old Exchange Notes Principal Amount: $2,000,000

 

Exchanged New Notes Principal Amount: $2,500,000

 

DTC Participant Number for Delivery of Exchanged New Notes:

 

DTC Participant Name: State Street Bank

 

Participant Contact:

 

Name:

 

Telephone Number

 

 

 

 

     

     

    

IN WITNESS WHEREOF, the undersigned has executed this Exchange
Agreement as of the date first written above.

 

	 	
        INVESTOR:

         

	 	Variable Insurance Products Fund III:
	 	VIP Balanced Portfolio
	 	
         

        By:
	
         

        /s/ Jeffrey Christian

	 	Name:	Jeffrey Christian
	 	Title:	Authorized Signatory
	 	 	 
	 	Address for Notices:
	 	
         

         

 

 

Old Exchange Notes Principal Amount: $1,162,000

 

Exchanged New Notes Principal Amount: $1,452,000

 

DTC Participant Number for Delivery of Exchanged New Notes:

 

DTC Participant Name: JP Morgan Chase

 

Participant Contact:

 

Name:

 

Telephone Number

 

 

 

 

     

     

    

IN WITNESS WHEREOF, the undersigned has executed this Exchange
Agreement as of the date first written above.

 

	 	
        INVESTOR:

         

	 	Fidelity Advisor Series I: Fidelity
	 	Advisor Dividend Growth Fund
	 	
         

        By:
	
         

        /s/ Jeffrey Christian

	 	Name:	Jeffrey Christian
	 	Title:	Authorized Signatory
	 	 	 
	 	Address for Notices:
	 	
         

         

 

 

Old Exchange Notes Principal Amount: $791,000

 

Exchanged New Notes Principal Amount: $989,000

 

DTC Participant Number for Delivery of Exchanged New Notes:

 

DTC Participant Name: State Street Bank

 

Participant Contact:

 

Name:

 

Telephone Number

 

 

 

 

     

     

    

IN WITNESS WHEREOF, the undersigned has executed this Exchange
Agreement as of the date first written above.

 

	 	
        INVESTOR:

         

	 	Fidelity Securities Fund: Fidelity
	 	Divident Growth Fund
	 	
         

        By:
	
         

        /s/ Jeffrey Christian

	 	Name:	Jeffrey Christian
	 	Title:	Authorized Signatory
	 	 	 
	 	Address for Notices:
	 	
         

         

 

 

Old Exchange Notes Principal Amount: $7,356,000

 

Exchanged New Notes Principal Amount: $9,195,000

 

DTC Participant Number for Delivery of Exchanged New Notes:

 

DTC Participant Name: Brown Brothers Harriman

 

Participant Contact:

 

Name:

 

Telephone Number

 

     

     

    

Annex A

 

INVESTOR EXCHANGE PROCEDURES

 

Delivery of New Notes

 

To receive your Exchanged New Notes, you must direct the eligible
DTC participant through which you wish to hold a beneficial interest in the New Notes to set up, no later than 10:00 a.m., New
York City time on the Closing Date, a Deposit/Withdrawal at Custodian (DWAC) instruction for the aggregate principal amount of
New Notes (CUSIP/ISIN #03236M AG6/US03236MAG69) set forth next to the caption “Exchanged New Notes Principal Amount”
in Annex A to your Exchange Agreement.

 

Delivery of Old Notes

 

You must send your Exchanged Old Notes to the Company at the address below no later than
five (5) business days after receipt of your Exchanged New Notes:

 

Amyris, Inc.

 

5885 Hollis St., Suite 100

 

Emeryville, CA 94608

 

Attention:

 

Settlement

 

After the Company receives your delivery instructions as set forth
above, and subject to the satisfaction of the conditions to closing as set forth in your Exchange Agreement, the Company will deliver
your Exchanged New Notes in accordance with the delivery instructions set forth above.

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