Document:

Exhibit

Jonathan Wolfson 
Portola Valley, CA 

March 3, 2017 

Apu Mody 
Chief Executive Officer 
TerraVia Holdings, Inc. 
225 Gateway Boulevard
South San Francisco, CA 94080 
Dear Apu: 
This letter agreement confirms my understanding and agreement with TerraVia Holdings, Inc. (the "Company" or "TerraVia") regarding my final day of employment with the Company. I have currently been employed as Executive Chairman of the Company. Subject to the Company's agreement to the terms of this letter agreement, my employment with the Company will cease and I will be deemed to have resigned employment as of the date hereof (the "Effective Date"), but for financial purposes my employment compensation shall be deemed to have terminated on January 13,2017. The Company shall pay me on the Effective Date my accrued but unused vacation balance as of the Effective Date, which the parties agree is in the amount of $66,576. The Company shall also pay me within 10 business days of the Effective Date, a bonus payment in the amount of $200,000 in respect of my service to the Company for 2016. I confirm that, other than the obligations set forth in this letter agreement, I have received all salary and other payments as of the Effective Date and that my status as an employee of the Company will end as of the Effective Date. From and after the Effective Date, I will continue on as a member of the Board of Directors and Chairman of the Board of the Company, which is a non-executive position. From and after the Effective Date, my status will be as a non-employee director and I will receive the same level of compensation and benefits as are provided by the Company to its outside directors commencing as of the Effective Date, which amounts shall begin to accrue on the Effective Date and shall be paid in accordance with standard practices of the Company for compensation of directors. Despite my change in status from employee to non-employee director, there will be no interruption in my Continuous Service Status (as defined in the TerraVia 2004 Equity Incentive Plan and the TerraVia 2011 Equity Incentive Plan). From and after the Effective Date, the Company will pay for my COBRA premiums for calendar year 2017, provided that I timely and effectively enroll in COBRA coverage within the time period instructed. 

In connection with my change of status, and notwithstanding the foregoing definition of Continuous Service Status, I agree that as January 13, 2017 (i) all of my then unvested TerraVia stock options shall be cancelled for no value and (ii) all of my then unvested TerraVia restricted stock units shall be cancelled for no value. 

The Company further agrees that I may pursue a hair care business based on the AlgaPro concept I developed while at TerraVia and may also, subject to my fiduciary obligations as a director, pursue other business opportunities notwithstanding my continuing service as a director of the Company. I also acknowledge that should I pursue an opportunity that is competitive with the Company's business that it would be in the best interests of me and the Company to resign my position on the Board. I also acknowledge that the above approval does not authorize me to use any intellectual property, trade secrets or confidential information of the Company other than (a) materials, images and branding developed for the AlgaPro hair care concept, or (b) as may otherwise be agreed by the Company. I understand, and the Company agrees, that the Indemnification Agreement dated April 29, 2011 by and between the Company and me remains in force. 

The Company shall reimburse me for reasonable expenses for legal representation in connection with this letter agreement in an amount not to exceed $10,000. 
This letter agreement may be executed in counterparts. 
Sincerely, 
/s/ Jonathan Wolfson
Jonathan Wolfson 

Agreed and accepted to by the Company in all respects. 
TerraVia Holdings, Inc. 
By: /s/ Apu Mody
Apu Mody
Chief Executive OfficerEXHIBIT 10.1

Fintel (USA) Limited

602 Nan Fung Tower, 88 Connaught Road Central,
Hong Kong

 

 

	Gold Billion Group Holdings Limited	1 March, 2016

Room 1202A, Empire Center

68 Mody Road, TsimShaTsui

Kowloon

 

Dear Sir,

 

We are pleased to outline the service we are prepared to provide
to your company and the related fee below:

 

Service to be provided:

 

		1.	Preparation of the required quarterly and annual filings;

		2.	Coordination with the auditor on audit and review of financial statements and filings;

		3.	Coordination with filing agent on matters relating to filing of required reports and forms;

		4.	Coordination with stock transfer agent on issuance and transfer of share certificates;

		5.	Communication with legal advisors on the normal operation of company;

		6.	Communication with the company’s registration agent.

 

Note: Gold Billion Group Holdings Limited will prepare its financial
statements in accordance to the relevant account guidelines to meet reporting requirement.

 

Fee:

 

Our fee for the above service shall be US$1,700 per month payable
quarterly in advance. Please note that this fee assumes that your business operation remains at the present state. All out-of-pocket
expenses shall be for the account of the company. If Gold Billion Group Holdings Limited acquires other business and assets or
enters into new business development, the fee will be revised to reflect the additional work load, if any.

 

Commencement:

 

The commencement date of the service shall be 1 May, 2016.

 

If you find the above correctly outlines our understanding,
please confirm by signing at the space provided below and return to us a copy of this letter. We thank you for giving us the opportunity
to be of service.

 

	For and on behalf of	Agreed and confirmed by
	Fintel (USA) Limited	Gold Billion Group Holdings Limited
	 	 
	/s/ Stephen Tang                           	/s/ KOK Seng Yeap                       
	Authorized Signature	Authorized SignatureExhibit

Exhibit 10.1

AMENDMENT TO RAYONIER INVESTMENT AND SAVINGS PLAN FOR SALARIED EMPLOYEES ("the Plan")

WHEREAS, Rayonier lnc. (the "Employer") maintains the Rayonier Investment and Savings Plan for Salaried Employees (the "Plan") for its employees;

WHEREAS, Rayonier Inc. has decided that it is in its best interest to amend the Plan;

WHEREAS, Section 14.0l(b) of the Plan authorizes the Employer to amend the selections under the Rayonier Investment and Savings Plan for Salaried Employees Adoption Agreement.

NOW THEREFORE BE IT RESOLVED, that the Rayonier Investment and Savings Plan for Salaried Employees Adoption Agreement is amended as follows. The amendment of the Plan is effective as of 1-1-2017.

		
	1.
	The Adoption Agreement is amended to read:

		
	5-2
	POST-SEVERANCE COMPENSATION.  Total Compensation includes post-severance compensation, to the extent provided in Section l.14l(b) of the Plan.

		
	x (a)
	 Exclusion of post-severance compensation from Total Compensation. The following amounts paid after a Participant's severance of employment are excluded from Total Compensation:

		
	x (1)
	Unused leave payments.  Payment for unused accrued bona fide sick, vacation, or other leave, but only if the Employee would have been able to use the leave if employment had continued.

		
	x (2)
	Deferred compensation.  Payments received by an Employee pursuant to a nonqualified unfunded deferred compensation plan, but only if the payment would have been paid to the Employee at the same time if the Employee had continued in employment and only to the extent that the payment is includible in the Employee's gross income.

[Note: Plan Compensation (as defined in Section 1.97 of the Plan) includes any post-severance compensation amounts that are includible in Total Compensation. The Employer may elect to exclude all compensation paid after severance of employment or may elect to exclude specific types of post-severance compensation from Plan Compensation under AA
§5-3.]
		
	o (b)
	Continuation payments for disabled Participants. Unless designated otherwise under this subsection, Total Compensation does not include continuation payments for disabled Participants.

Payments to disabled Participants. Total Compensation shall include post-severance compensation paid to a Participant who is permanently and totally disabled, as provided in Section 1.141(c) of the Plan. For this purpose, disability continuation payments will be included for:
o (1)    Nonhighly Compensated Employees only,
o (2)    All Participants who arc permanently and totally disabled for a fixed or determinable period.

		
	© Copyright 2014
	Massachusetts Mutual Life Insurance Company Page 1

EMPLOYER SIGNATURE PAGE

PURPOSE OF EXECUTION. This Signature Page is being executed for Rayonier Investment and Savings Plan for Salaried Employees to effect:

o (a)) The adoption of a new plan, effective__ [insert Effective Date of Plan]. [Note: Date can be no earlier than the first day of the Plan Year in which the Plan is adopted.]

o (b) The restatement of an existing plan, in order to comply with the requirements of PPA, pursuant to Rev. Proc. 2011-49.
		
	(1)
	Effective date of restatement: __. [Note: Date can be no earlier than January 1, 2007. Section 14.01(/)(2) of Plan provides for retroactive effective dates for all PPA provisions. Thus, a current effective date may be used under this subsection (I) without jeopardizing reliance.]

		
	(2)
	Name of plan(s) being restated:      

		
	(3)
	The original effective date of the plan(s) being restated:      

		
	x (c)
	An amendment or restatement of the Plan (other than to comply with PPA). If this Plan is being amended, a snap-on amendment may be used to designate the modifications to the Plan or the updated pages of the Adoption Agreement may be substituted for the original pages in the Adoption Agreement. All prior Employer Signature Pages should be retained as part of this Adoption Agreement.

		
	(1)
	Effective Date(s) of amendment/restatement:   _ 1-1-2017________________________________________________ ______________

		
	(2)
	Name of plan being amended/restated: Rayonier Investment and Savings  Plan  for Salaried Employees_________________

		
	(3)
	The original effective date of the plan being amended/restated:  3-1-1994                                                                                            

		
	(4)
	If Plan is being amended, identify the Adoption Agreement section(s) being amended: Section 5-2(a) is amended  to

exclude unused leave from total compensation.    

VOLUME SUBMITTER SPONSOR INFORMATION. The Volume Submitter Sponsor (or authorized representative) will inform the Employer of any amendments made to the Plan and will notify the Employer if it discontinues or abandons the Plan. To be eligible to receive such notification, the Employer agrees to notify the Volume Submitter Sponsor (or authorized representative) of any change in address. The Employer may direct inquiries regarding the Plan or the effect of the Favorable IRS Letter to the Volume Submitter Sponsor (or authorized representative) at the following location:
Name of Volume Submitter Sponsor (or authorized representative): Massachusetts Mutual Life Insurance Company__________________
Address: 1295 State Street Springfield. MA 01111-0001_____________________________________________________________________
Telephone number: (800) 309-3539       
IMPORTANT INFORMATION ABOUT THIS VOLUME SUBMITTER PLAN. A failure to properly complete the elections in this Adoption Agreement or to operate the Plan in accordance with applicable law may result in disqualification of the Plan. The Employer 
may rely on the Favorable IRS Letter issued by the National Office of the Internal Revenue Service to the Volume Submitter Sponsor as evidence that the Plan is qualified under Code §401(a), to the extent provided in Rev. Proc. 2011-49. The Employer may not rely on the Favorable IRS Letter in certain circumstances or with respect to certain qualification requirements, which are specified in the Favorable 
IRS Letter issued with respect to the Plan and in Rev. Proc. 2011-49. In order to obtain reliance in such circumstances or with respect to 
such qualification requirements, the Employer must apply to the office of Employee Plans Determinations of the Internal Revenue 
Service for a determination letter. See Section 1.66 of the Plan.
By executing this Adoption Agreement, the Employer intends to adopt the provisions as set forth in this Adoption Agreement and the  
related Plan document. By signing this Adoption Agreement, the individual below represents that he/she has the authority to execute this Plan document on behalf of the Employer. This Adoption Agreement may only be used in conjunction with Basic Plan Document #04.  
The Employer understands that the Volume Submitter Sponsor has no responsibility or liability regarding the suitability of the Plan for  
the Employer's needs or the options elected under this Adoption Agreement. It is recommended that the Employer consult with legal  
counsel before executing this Adoption Agreement.
	
		
	Rayonier Inc.
	 

	(Name of Employer)
	 

	 
	 

	Shelby Pyatt
	VP, HR and IT

	(Name of authorized representative)
	(Title)

	 
	 

	/s/ SHELBY PYATT
	1/17/2017

	(Signature)
	(Date)

		
	© Copyright 2014
	Massachusetts Mutual Life Insurance Company                    1-1-2017

                           Page 2

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