Document:

EX-10.2(w)

 Exhibit 10.2(w) 

APPENDIX A 

ECHELON CORPORATION 
 1997 PLAN 
 Performance Share Agreement 

for Participants Outside the U.S. 
 Terms and Conditions 
 This Appendix A includes additional terms and conditions that
govern the Award of Performance Shares granted to the Employee under the Plan if the Employee resides and/or works in one of the countries listed below. This Appendix A forms part of the Agreement. Capitalized terms used, but not defined herein,
shall have the same meanings assigned to them in the Plan and the Agreement. 
 If the Employee is a citizen or resident of a country other than
the one in which the Employee is currently working, is considered a resident of another country for local law purposes or transfers employment and/or residency between countries after the date of grant, the Company shall, in its sole discretion,
determine to what extent the additional terms and conditions included herein will apply to the Employee under these circumstances. 

Notifications 
 This Appendix A
also includes information regarding exchange controls and certain other issues of which the Employee should be aware with respect to his or her participation in the Plan. The information is based on the securities, exchange control, and other laws
in effect in the Employee’s country as of July 2012. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Employee not rely on the information in this Appendix A as the only source of
information relating to the consequences of his or her participation in the Plan because the information may be out of date at the time the Employee vests in the Performance Shares or sells Shares acquired under the Plan. 

In addition, the information contained herein is general in nature and may not apply to the Employee’s particular situation, and the Company is not
in a position to assure the Employee of a particular result. Accordingly, the Employee is advised to seek appropriate professional advice as to how the relevant laws in his or her country may apply to the Employee’s situation. 

Finally, if the Employee is a citizen or resident of a country other than the one in which the Employee is currently working, is considered a resident of
another country for local law purposes or transfers employment and/or residency between countries after the date of grant, the information contained herein may not be applicable in the same manner to the Employee. 

FRANCE 
 Terms and Conditions

 Language Consent 
 In
accepting this Award, the Employee confirms having read and understood the Plan, the Agreement and this Appendix A, including all terms and conditions included therein, which were provided in the English language. The Employee accepts the terms of
those documents accordingly. 
 En acceptant cette Attribution, l’Employé confirme avoir lu et compris le Plan, le Contrat
d’Attribution et le présent Appendice A, y compris leurs termes et conditions, qui lui ont été communiqués en langue anglaise. L’Employé accepte les termes de ces documents en connaissance de cause.

  
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 Notifications 
 Tax Information 
 The Performance Shares are not intended to be French tax-qualified Awards.

 Exchange Control Information 

If the Employee maintains a foreign bank account, he or she is required to report such to the French tax authorities when filing his or her annual tax
return. 
 GERMANY 

Notifications 
 Exchange Control
Information 
 If the Employee makes cross-border payments in excess of €12,500 in connection with the sale of securities (including
Shares acquired under the Plan) or the receipt of any dividends, the Employee must file a report with the Servicezentrum Außenwirtschaftsstatistik, which is the competent federal office of the Deutsche Bundesbank (the German
Central Bank) for such notifications in Germany. The Employee is responsible for satisfying the reporting obligation and should be able to obtain a copy of the form used for this purpose from the German bank the Employee uses to carry out the
transfer. 
 In addition, in the unlikely event that the Employee holds Shares exceeding 10% of the total capital of the Company, the Employee
must report his or her holdings in the Company on an annual basis. 
 HONG KONG 
 Terms and Conditions 
 Performance Shares Payable in Shares Only 

Notwithstanding any discretion in the Plan or anything to the contrary in the Agreement, the Performance Shares are payable in Shares only and does not
provide any right for the Employee to receive a cash payment. 
 Securities Law Information 

WARNING: The Award of the Performance Shares under the terms of the Agreement and the Plan and the issuance of Shares upon vesting of the Performance
Shares do not constitute a public offer of securities under Hong Kong law and are available only to Employees of the Company or its Subsidiaries or affiliates of the Company. 
 Please be aware that the Agreement, including this Appendix A and Appendix B (if any), the Plan, and other incidental communication materials related to the Performance Shares that the Employee may
receive have not been reviewed by any regulatory authority in Hong Kong. The Employee is advised to exercise caution in relation to the right to acquire Shares at vesting of the Performance Shares, or otherwise, under the Plan. If the Employee is in
any doubt about any of the contents of the Agreement, the Plan or any other communication materials, the Employee should obtain independent professional advice. 
 Sale of Shares 
 In accepting the Award, the Employee agrees that in the event that
Performance Shares vest and Shares are issued to the Employee within six months of the date of grant, the Employee agrees that he or she will not dispose of any Shares acquired prior to the six-month anniversary of the date of grant. 

  
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 Notifications 
 Nature of Scheme 
 The Company specifically intends that the Plan will not be an
occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance. 
 ITALY 

Terms and Conditions 

Data Privacy. This section replaces paragraph 13 of the Agreement. 
 The Employee understands that the Employer, the Company and any of its Subsidiaries and affiliates may hold certain personal information about the Employee, including, but not limited to, the
Employee’s name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company or its Subsidiaries and affilitates,
and details of any Performance Shares or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding for the purpose of implementing, administering and managing the Plan (“Personal Data”).

 The Employee also understands that providing the Company with Personal Data is necessary for the performance of the Plan and
that the Employee’s refusal to provide such Personal Data would make it impossible for the Company to perform its contractual obligations and may affect the Employee’s ability to participate in the Plan. The Controller of Personal Data
processing is Echelon Corporation, with registered offices at 550 Meridian Avenue, San Jose, CA 95126, U.S.A., and, pursuant to Legislative Decree no. 196/2003, its representative in Italy for data privacy purposes is Echelon Europe LTD – Italy
with registered offices in Piazzale Biancamano 8, 20121 Milano, Italy. The Employee understands that Personal Data will not be publicized, but it may be accessible by the Employer and its internal and external personnel in charge of processing of
such Personal Data and by the data processor (the “Processor”), if any. An updated list of Processors and other transferees of Personal Data is available upon request from the Employer. Furthermore, Personal Data will be transferred to
Morgan Stanley Smith Barney and may also be transferred to banks, other financial institutions or brokers involved in the management and administration of the Plan. The Employee understands that Personal Data may also be transferred to the
independent registered public accounting firm engaged by the Company. The Employee further understands that the Company and/or its Subsidiaries and affiliates will transfer Personal Data amongst themselves as necessary for the purpose of
implementing, administering and managing the Employee’s participation in the Plan and that the Company and/or its Subsidiaries and affiliates may each further transfer Personal Data to third parties assisting the Company in the implementation,
administration and management of the Plan, including any requisite transfer to Morgan Stanley Smith Barney, or another third party with whom the Employee may elect to deposit any Shares acquired under the Plan. Such recipients may receive, possess,
use, retain and transfer Personal Data in electronic or other form, for the purposes of implementing, administering and managing the Employee’s participation in the Plan. The Employee understands that these recipients may be acting as
Controllers, Processors or persons in charge of processing, as the case may be, in accordance with local law and may be located in or outside the European Economic Area in countries such as the United States that may not provide the same level of
protection as intended under Italian data privacy laws. Should the Company exercise its discretion in suspending all necessary legal obligations connected with the management and administration of the Plan, it will delete Personal Data as soon as it
has accomplished all the necessary legal obligations connected with the management and administration of the Plan. 

  
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 The Employee understands that Personal Data processing related to the purposes specified above shall
take place under automated or nonautomated conditions, anonymously when possible, that comply with the purposes for which Personal Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations,
with specific reference to Legislative Decree no. 196/2003. 
 The processing activity, including communication, the transfer of
Personal Data abroad, including outside of the European Economic Area, as herein specified and pursuant to applicable laws and regulations, does not require the Employee’s consent thereto as the processing is necessary to performance of
contractual obligations related to implementation, administration and management of the Plan. The Employee understands that, pursuant to Section 7 of the Legislative Decree no. 196/2003, the Employee has the right to, including but not limited
to, access, delete, update, correct or terminate, for legitimate reason, the Personal Data processing. The Employee should contact the Employer in this regard. Furthermore, the Employee is aware that Personal Data will not be used for direct
marketing purposes. In addition, the Personal Data provided can be reviewed and questions or complaints can be addressed by contacting the Employee’s human resources department. 
 Plan Acknowledgment 
 In accepting the Award, the Employee acknowledges that he or she has
received a copy of the Plan and the Agreement, including this Appendix A and Appendix B (if any), and has reviewed such documents in their entirety, fully understands the contents thereof and accepts all provisions of the Plan and the Agreement,
including this Appendix A and Appendix B (if any). 
 The Employee further acknowledges that he or she has read and specifically and expressly
approves, without limitation, the following clauses in the Agreement: Paragraph 3: Vesting Schedule/Period of Restriction; Paragraph 4: Administrator Discretion; Paragraph 6: Forfeiture; Paragraph 7: Death of Employee; Paragraph 8: Responsibility
for Taxes; Paragraph 9: Rights as Stockholder; Paragraph 10: No Effect on Employment; Paragraph 11: Nature of Grant; Paragraph 12: No Advice Regarding Grant; Paragraph 15 or 16 (as applicable): Grant is Not Transferable; Paragraph 16 or 17 (as
applicable): Restrictions on Sale of Securities; Paragraph 24 or 25 (as applicable): Notice of Governing Law and Venue; Paragraph 26 or 27 (as applicable): Language; Paragraph 28 or 29 (as applicable): Imposition of Other Requirements; and the Data
Privacy consent above. 
 Notifications 
 Exchange Control Information 
 Exchange control reporting is required if the
Employee transfers cash or Shares to or from Italy in excess of €10,000 or the equivalent amount in U.S. dollars. If the payment is made through an authorized broker resident in Italy, the broker will comply with the reporting obligation. In
addition, the Employee will have exchange control reporting obligations if the Employee has any foreign investment (including Shares) held outside Italy in excess of €10,000. The reporting must be done on the Employee’s individual tax
return. 
 JAPAN 

Notifications 
 Exchange Control
Information 
 If the Employee maintains a foreign bank account outside of Japan with a value exceeding ¥50 million as of
December 31, the Employee is required to report such to the Japanese authorities on an annual basis. 

  
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 KOREA 
 Notifications 
 Exchange Control Information 

If the Employee realizes US$500,000 or more from the sale of Shares or the receipt of any dividends in a single transaction, he or she must repatriate the
proceeds to Korea within eighteen (18) months of receipt. 
 NETHERLANDS 
 Notifications 
 Insider Trading Notification 

The Employee should be aware of the Dutch insider trading rules, which may impact the sale of Shares acquired pursuant to vested Performance Shares. In
particular, the Employee may be prohibited from effecting certain transactions involving Shares during the period in which the Employee possesses “insider information” regarding the Company. 

In accepting the Award, the Employee acknowledges having read and understood the Insider Trading Notification and further acknowledges that it is the
Employee’s responsibility to comply with the following Dutch insider trading rules: 
 Under Article 5:56 of the Dutch Financial
Supervision Act, anyone who has “inside information” related to an issuing company is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is knowledge of a detail concerning
the issuing company to which the securities relate that is not public and which, if published, would reasonably be expected to affect the stock price, regardless of the development of the price. The insider could be any Employee of the Company or a
Subsidiary or affiliate of the Company in the Netherlands who has inside information as described herein. 
 Given the broad scope of the
definition of inside information, certain Employees of the Company working at a Subsidiary or affiliate of the Company in the Netherlands (including the Employees participating in the Plan) may have inside information and, thus, would be prohibited
from effectuating a transaction in securities in the Netherlands at a time when the Employee had such inside information. Please note that the Company cannot be held liable if the Employee violates the Dutch insider trading rules. If the Employee is
uncertain whether the insider trading rules apply to him or her, the Employee should consult with his or her personal legal advisor. 

NORWAY 
 No country-specific terms apply.

 SINGAPORE 

Notifications 
 Securities Law
Information 
 The Award of the Performance Shares under the Plan is being granted in reliance on Section 273(1)(f) of the Securities
and Futures Act (Chapter 289, 2006 Ed.) (“SFA”), pursuant to which it is exempt from the prospectus and registration requirements under the SFA. The Plan has not been lodged or registered as a prospectus with the Monetary Authority of
Singapore. The Employee should note that the Performance Shares are subject to Section 257 of the SFA and that the Employee will not be able to sell, or offer for sale, Shares acquired pursuant to vested Performance Shares, unless such sale or
offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA (Chapter 289, 2006 Ed.). 

  
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 Director Notification Obligation 
 If the Employee is a director, associate director or shadow director of a Singapore Subsidiary or affiliate of the Company, the Employee is subject to certain notification requirements under the Singapore
Companies Act. Among these requirements is an obligation to notify the Singapore Subsidiary or affiliate in writing of an interest (e.g., Performance Shares, Shares, etc.) in the Company or any Subsidiary, affiliate or other related companies
within two (2) business days of (i) its acquisition or disposal, (ii) any change in previously disclosed interest (e.g., when Shares acquired pursuant to vested Performance Shares are sold), or (iii) becoming a director,
associate director or shadow director. 
 Insider Trading Notification 
 The Employee should be aware of the Singapore insider trading rules, which may impact the acquisition or disposal of Shares or rights to Shares (e.g., an Award of Performance Shares) the under the
Plan. Under the Singapore insider trading rules, the Employee is prohibited from selling Shares when in possession of information which is not generally available and which the Employee knows or should know will have a material effect on the price
of Shares once such information is generally available. 
 SWEDEN 
 No country-specific terms apply. 
 UNITED KINGDOM 

Terms and Conditions 

Performance Shares Payable in Shares Only 

Notwithstanding any discretion in the Plan or anything to the contrary in the Agreement, the Performance Shares are payable in Shares only. An Award of
Performance Shares does not provide any right for the Employee to receive a cash payment. 
 Responsibility for Taxes. This provision
supplements paragraph 8 of the Agreement. 
 If payment or withholding of the income tax due is not made within ninety (90) days of the
event giving rise to the income tax or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due Date”), the amount of any uncollected income tax shall constitute a loan owed by
the Employee to the Employer, effective as of the Due Date. The Employee agrees that the loan will bear interest at the then-current Official Rate of Her Majesty’s Revenue and Customs (“HMRC”), it will be immediately due and
repayable, and the Company and/or the Employer may recover it at any time thereafter by any of the means referred to in paragraph 8 of the Agreement. The Employee authorizes the Company to delay the issuance of Shares to the Employee unless and
until the loan is repaid in full. 
 Notwithstanding the foregoing, if the Employee is a director or executive officer of the Company (within
the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the Employee will not be eligible for such a loan to cover the income tax due. In the event that the Employee is a director or executive officer and the
income tax is not collected from or paid by the Employee by the Due Date, the amount of any uncollected income tax will constitute a benefit to the Employee on which additional income tax and national insurance contributions (“NICs”) may
be payable. The Employee will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing the Company and/or the Employer (as applicable) the value of
any employee NICs due on this additional benefit. 

  
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 Joint Election 
 As a condition of the Performance Shares becoming vested and the Shares subject to the Performance Shares being delivered to the Employee, the Employee agrees to accept any liability for secondary Class 1
NICs (the “Employer NICs”) that may be payable by the Company and/or the Employer in connection with the Performance Shares and any event giving rise to Tax-Related Items. Without limitation to the foregoing, the Employee agrees to enter
into a joint election with the Employer (the “Election”) in the form approved for such Election by HMRC, and any other required consent or election required to accomplish the transfer of Employer NICs to the Employee. The Employee
understands that the Election applies to any Performance Shares granted to the Employee under the Plan after the execution of the Election. The Employee further agrees to execute such other joint elections as may be required between the Employee and
any successor to the Company and/or the Employer. 
 If the Employee does not enter into the Election prior to the vesting of the Performance
Shares or any other event giving rise to Tax-Related Items, the Employee shall not be entitled to vest in the Performance Shares or receive any benefit in connection with the Award unless and until the Employee enters into the Election, and no
Shares or other benefit pursuant to the Award will be issued or delivered to the Employee under the Plan, without any liability to the Company or the Employer. 
 The Employee further agrees that the Company and/or the Employer may collect the Employer NICs by any of the means set forth in paragraph 8 of the Agreement, as supplemented above. 

  
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 Exhibit 10.1 
 SETTLEMENT AGREEMENT AND MUTUAL RELEASE 
 This SETTLEMENT AGREEMENT
AND MUTUAL RELEASE (“Agreement”) is made by and between Syntroleum Corporation (“Syntroleum”), Tyson Foods, Inc. (“Tyson”), and Dynamic Fuels, LLC (“DF”) (collectively the “Parties”) as of
June 27, 2012 (the “Effective Date”) 
 Recitals 

WHEREAS, Syntroleum and Tyson are parties to that certain Limited Liability Company Agreement of Dynamic Fuels, LLC dated June 22,
2007 (the “LLC Agreement”) and as such are equal owners in DF which in turn operates a biofuels refinery in Geismar, Louisiana (the “Geismar Plant”); 
 WHEREAS, DF and Syntroleum are parties to that certain Master License Agreement dated June 22, 2007 (the “Master License”) in which Syntroleum agreed to execute a Site License in
substantially the same form as Exhibit B to the Master License (the “Site License”); 
 WHEREAS, DF and Tyson are
parties to that certain Sales Agreement dated June 22, 2007 under which Tyson agreed to sell and DF agreed to buy Bio-feedstocks for the Geismar Plant (the “Sales Agreement”); 

WHEREAS, Tyson and Syntroleum are parties to that certain Warrant Agreement dated June 22, 2007 (the “Warrant Agreement”)
under which Syntroleum agreed to issue certain warrants to Tyson to purchase in various installments a certain number of shares of Syntroleum’s common stock upon terms and conditions set forth in that agreement; 

WHEREAS, both Tyson and Syntroleum have billed DF for hourly services and expenses in connection with those two certain Service
Agreements entered into on June 22, 2007 by DF with Tyson and with Syntroleum (collectively the “Service Agreements”); 
 WHEREAS, Tyson has sought payment from DF of Sourcing Fees in connection with the Sales Agreement and for reimbursement of letter of credit fees and interest rate swap payments (“LC and Interest
Fees”) made by Tyson in connection with it guarantee of certain financial obligations of DF; 
 WHEREAS, Syntroleum has
sought payment from DF of Running Royalty Fees in connection with the Site License (“Running Royalty Fees”); 

WHEREAS, various issues have arisen and been discussed among the Parties relating to their respective rights and obligations related to
or arising out of the Master License, the Site License, the Sales Agreement and the Service Agreements; 
 WHEREAS, the Parties
wish to resolve any and all such issues related to or arising out of the Master License, the Site License, the Sales Agreement and Service Agreements as of the Effective Date of this Agreement; 

 NOW, THEREFORE, in consideration of the mutual promises and obligations set forth below and
other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree as follows: 

COVENANTS, TERMS AND CONDITIONS 
 1. Definitions. All terms not specifically defined in this Agreement shall be given their ordinary and customary meaning unless such terms are specifically defined in the LLC Agreement, Master
License, Site License, Sales Agreement, Services Agreements or Warrant Agreement in which case such terms shall have the meaning ascribed in those specifically referenced agreements. 

2. Consideration For Releases and Additional Agreements. In consideration of the mutual promises, covenants and releases set forth
hereinafter, the Parties agree as follows: 
  

	 	a.	Master License and Site License. The Process Guarantee and Performance Test requirements set forth in the Master License and Site License and the Parties’
rights and obligations under such provisions are waived and deemed unnecessary. Contemporaneous with the execution of this Agreement, Syntroleum and DF will enter into the revised and finalized version of the Site License attached as Exhibit 1 to
this Agreement. 

  

	 	b.	Sales Agreement. Tyson shall receive an additional Sourcing Fee equal to $.01 per pound from DF in accordance with terms and conditions of the Amendment to the
Sales Agreement attached as Exhibit 2 to this Agreement which Amendment shall be executed by Tyson and DF contemporaneous with the execution of this Agreement. 

 

	 	c.	Outstanding Invoices. The Parties agree that all disputes relating to all invoices which have been or could have been submitted to DF by either Tyson or
Syntroleum as of May 31, 2012 for Sourcing Fees, Running Royalty Fees, LC or Interest Fees or hourly services and expenses under the Service Agreements shall be fully satisfied by equal payments by DF to Tyson and Syntroleum in the amount of
$6,597,128 with such obligations converted into additional contributions under each of the Party’s contribution accounts. Any amounts previously claimed by either Tyson or Syntroleum for Sourcing Fees, Running Royalty Fees, LC or Interest Fees
or hourly services and expenses under the Service Agreements prior to June 1, 2012 are hereby waived, withdrawn and released. 

  

	 	d.	Syntroleum Technical Services. Syntroleum will provide DF, at no cost to DF, P&ID drawings for the Geismar Plant following the completion of the redesign and
modification of the pre-treatment system and processes. The P&ID drawings shall be provided as soon as reasonably practical but in no event later than July 31, 2012. Following the Effective Date of this Agreement, Syntroleum will also
provide free of charge to DF 2,000 man hours of Technical Services beyond the P&ID work described herein. 

  
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	 	e.	Warrant Vesting. Syntroleum agrees that the Warrants issued to Tyson to purchase 4,250,000 Shares pursuant to Schedule 1 of the Warrant Agreement shall vest on
the Effective Date of this Agreement and be exercisable by Tyson in accordance with the terms of the Warrant Agreement. 

 3. Releases. 
 a. Tyson Release. In consideration of
the foregoing, the sufficiency of which is hereby acknowledged, and for other good and valuable consideration as set forth in this Agreement, Tyson on behalf of itself and each of its parents, shareholders, subsidiaries, affiliates, predecessors,
successors, and assigns, or any other person who may claim an interest in the matters released hereby, and on behalf of each of their respective current and former officers, directors, managers, members, employees, agents and other representatives
including their attorneys (collectively, the “Tyson Releasors”) hereby agrees to release, acquit, and forever discharge DF and Syntroleum, and anyone in privity with either of them, and their respective agents, servants, successors, heirs,
assigns, employees, and all other persons, firms, corporations, subsidiaries, affiliates, associations or partnerships (“Released Entities”) of and from any and all demands, causes of action or liabilities related to or arising out of the
Master License, the Site License (including, without limitation, a Process Guarantee or Performance Test), the Sales Agreement or the Service Agreements which were known, or should have been known, and could have been asserted as of May 31,
2012 in any legal or equitable proceedings or forum of any kind, including in any lawsuits of any kind, any and all formal or informal administrative or governmental proceedings of any kind, and any and all arbitration, conciliation, or mediation
proceedings of any kind, regardless of the type of relief sought, regardless of the type of harm, injury or damage alleged or incurred, regardless of the legal or equitable basis for the relief sought, regardless of venue, forum or jurisdiction, and
regardless of the asserted basis for the action or the type of conduct or misconduct alleged. 
 b. Syntroleum
Release. In consideration of the foregoing, the sufficiency of which is hereby acknowledged, and for other good and valuable consideration as set forth in this Agreement, Syntroleum on behalf of itself and each of its parents, shareholders,
subsidiaries, affiliates, predecessors, successors, and assigns, or any other person who may claim an interest in the matters released hereby, and on behalf of each of their respective current and former officers, directors, managers, members,
employees, agents and other representatives including their attorneys (collectively, the “Syntroleum Releasors”) hereby agrees to release, acquit, and forever discharge DF and Tyson, and anyone in privity with either of them, and their
respective agents, servants, successors, heirs, assigns, employees, and all other persons, firms, corporations, subsidiaries, affiliates, associations or partnerships (“Released Entities”) of and from any and all demands, causes of action
or liabilities related to or arising out of the Master License, the Site License (including, without limitation, a Process Guarantee or Performance Test), the Sales Agreement or the Service Agreements which were known, or should have been known, and
could have been asserted as May 31, 2012 of this Agreement in any legal or equitable proceedings or forum of any kind, including in any lawsuits of any kind, any and all formal or informal administrative or governmental proceedings of any kind,
and any and all arbitration, conciliation, or mediation proceedings of any kind, regardless of the type of relief sought, regardless of the type of harm, injury or damage alleged or incurred, regardless of the legal or equitable basis for the relief
sought, regardless of venue, forum or jurisdiction, and regardless of the asserted basis for the action or the type of conduct or misconduct alleged. 

  
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 c. DF Release. In consideration of the foregoing, the sufficiency of
which is hereby acknowledged, and for other good and valuable consideration as set forth in this Agreement, DF on behalf of itself and each of its parents, shareholders, subsidiaries, affiliates, predecessors, successors, and assigns, or any other
person who may claim an interest in the matters released hereby, and on behalf of each of their respective current and former officers, directors, managers, members, employees, agents and other representatives including their attorneys
(collectively, the “DF Releasors”) hereby agrees to release, acquit, and forever discharge Tyson and Syntroleum, and anyone in privity with either of them, and their respective agents, servants, successors, heirs, assigns, employees, and
all other persons, firms, corporations, subsidiaries, affiliates, associations or partnerships (“Released Entities”) of and from any and all demands, causes of action or liabilities related to or arising out of the Master License, the Site
License (including, without limitation, a process Guarantee or Performance test), the Sales Agreement or the Service Agreements which were known, or should have been known, and could have been asserted as May 31, 21012 in any legal or equitable
proceedings or forum of any kind, including in any lawsuits of any kind, any and all formal or informal administrative or governmental proceedings of any kind, and any and all arbitration, conciliation, or mediation proceedings of any kind,
regardless of the type of relief sought, regardless of the type of harm, injury or damage alleged or incurred, regardless of the legal or equitable basis for the relief sought, regardless of venue, forum or jurisdiction, and regardless of the
asserted basis for the action or the type of conduct or misconduct alleged. 
 d. Preservation of Rights and
Future Claims. In granting the foregoing releases, the Parties do not intend to release the Parties’ rights or responsibilities to act in the future in accordance with the terms of Parties’ agreements including the terms of agreements
referenced in or attached as Exhibits to this Agreement. The liability of any Party for injuries or damages arising from future acts or omissions of a Party in connection with the terms of agreements referenced in or attached as Exhibits to this
Agreement is not limited, affected, extinguished, waived or released by this Agreement. 
 4. Entire Agreement. The
Parties acknowledge this Agreement sets forth the entire agreement of the Parties hereto, that all prior statements, representations and covenants are merged herein, and that any other agreements not expressly stated herein are void and have no
further force and effect. The Parties agree that this Agreement may not be amended or modified except by a subsequent, written agreement executed by the Parties. 

  
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 5. Construction. It is acknowledged that each of the Parties participated in drafting
this Agreement. The Parties agree that ambiguities in an agreement are not to be construed against any of them. 
 6.
Voluntary Agreement. Each of the Parties declares and acknowledges it has read and understands the terms of this Agreement, it has had the opportunity to be represented by attorneys of its choice with regard to the execution of this Agreement
and it executes this Agreement voluntarily after and without being pressured or influenced by any statement or representation made by any person acting on behalf of any other Party. 

7. Authority. Each of the Parties declares and warrants (a) it has all the necessary right, power and authority to enter into
and perform under this Agreement, (b) the person executing this Agreement on its behalf was fully authorized to do so at the time of execution, (c) this Agreement constitutes a binding and valid obligation of the Party in accordance with
its terms, and (d) it has the authority to release the rights and liabilities being released hereunder. 
 8. No
Assignment. The Parties warrants and represents that no portion of any right, action, cause of action or any claim it/they have/has or may have against the other has been assigned or transferred in any manner, including by way of subrogation or
operation of law. 
 9. Other Instruments. The Parties agree to execute and deliver to the each other all instruments and
do such further acts and things as are reasonably necessary to accomplish the purposes of this Agreement. 
 10. Validity of
Agreement. The invalidity, in whole or in part, of any term of this Agreement does not affect the validity of the remainder of this Agreement. 
 11. Choice of Law and Venue. This Agreement shall be governed by, and shall be enforced, construed and interpreted in accordance with, the laws of the State of New York (without giving effect to
any principle of conflict of laws that would result in the application of the law of another jurisdiction as the governing law of this Agreement), which shall be deemed to be the proper law of this Agreement. The Parties agree that the jurisdiction
governing any such disputes or interpretation of matters arising from the Agreement is the State of New York, in New York County. Any action or proceeding which is permitted to be brought by a Party against a Party to this Agreement, whether in tort
or contract or at law or in equity, shall be brought in a federal court in the State of New York, in New York County or, if federal court shall not have jurisdiction, state court in the State of New York, in New York County and each Party:
(a) irrevocably submits to the personal jurisdiction of such courts; (b) waives any objection to laying venue in any such action or proceeding in such courts; (c) waives any objection that such courts are an inconvenient forum or do
not have jurisdiction over it; and (d) agrees that service of process upon it may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to its corporate headquarters.
The foregoing consents to jurisdiction and service of process shall not constitute general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any person other
than the Parties to the Agreement. Each Party shall appoint an agent for service in New York County for service of process in any dispute arising out of or relating to the Agreement and agrees that service upon such agent shall constitute personal
service upon each such Party. 

  
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 12. Execution of Agreement. It is understood this Agreement may be executed in
counterparts, each of which shall be deemed an original, but which, when taken together, shall constitute one and the same Agreement. Signatures transmitted by facsimile or by electronic mail shall be effective as originals. 

13. Confidentiality. The Parties and their representatives, including but not limited to legal counsel and agents, acknowledge and
agree the terms of this Agreement shall be confidential and shall not be disclosed to any person not a Party, or an agent or representative of a Party to this Agreement except as ordered by a court of competent jurisdiction, as required by law, or
by the rules of any listing exchange. The parties acknowledge this covenant of confidentiality is a material term of this Agreement. This covenant shall not restrict any Party from disclosing such information for any purpose to its lawyers or
accountants to the extent such information is necessary for tax-reporting purposes. 
  

									
	 SYNTROLEUM CORPORATION
	 		 	TYSON FOODS, INC.
					
	 By:
	 	 /s/ Gary Roth
	 		 	By:	 	 /s/ Andrew Rojeski

	 Name: Gary Roth
	 		 	Name: Andrew Rojeski
	 Title: President & CEO
	 		 	Title: Vice President
	 Date: 06/27/12
	 		 	Date: June 27, 2012
				
	 DYNAMIC FUELS, LLC
	 		 		 	
					
	 By:
	 	 /s/ Karen L. Power
	 		 	By:	 	 /s/ Jeffrey M. Bigger

	 Name: Karen L. Power
	 		 	Name: Jeffrey M. Bigger
	 Title: Management Committee Member
	 		 	Title: Management Committee Member
	 Date: June 27, 2012
	 		 	Date: June 27, 2012
					
	 By:
	 	 /s/ Andrew Rojeski
	 		 	By:	 	 /s/ Craig Hart

	 Name: Andrew Rojeski
	 		 	Name: Craig Hart
	 Title: Management Committee Member
	 		 	Title: Management Committee Member
	 Date: June 27, 2012
	 		 	Date: June 27, 2012

  
 6 

 Exhibit 1 
 Site License 

  
 7 

 BIO-SYNFINING 
 SITE LICENSE AGREEMENT 
 THIS SITE LICENSE AGREEMENT is made and entered
into as of this 27th day of June, 2012 by and between Syntroleum Corporation (“Syntroleum”), a Delaware corporation having its principal place of business at 5416 South Yale Avenue, Tulsa, Oklahoma 74135, and Dynamic Fuels, LLC
(“Licensee”), a Delaware company having its principal place of business at 2200 Don Tyson Parkway, Springdale, Arkansas 72762. 
 The parties agree as follows: 
 1. 

Definitions 
 Except as otherwise expressly provided in this Agreement or unless the context in this Agreement requires otherwise, the terms set forth in Exhibit A when used in this Agreement will have the respective
meanings assigned to them in Exhibit A (such meanings to be equally applicable to the singular and plural forms thereof). Each exhibit hereto is attached and incorporated into this Agreement. 

2. 

Syntroleum Grants to Licensee 
  

	2.01	Subject to the terms and conditions of this Agreement, Syntroleum hereby grants to Licensee a limited, non-exclusive, royalty bearing, non-transferable (except as
provided in Article 10 of this Agreement) right and license to use the Syntroleum Bio-Synfining Technology to design, construct, operate and maintain (including modification, debottlenecking and replacement, but excluding expansion) the Licensed
Plant to produce Bio-Synfined Renewable Fuels and sell Bio-Synfined Renewable Fuels produced at the Licensed Plant world-wide. 

  

	2.02	Subject to the terms and conditions of this Agreement, Syntroleum hereby grants to Licensee a limited, non-exclusive, royalty free, non-transferable (except as provided
in Article 10 of this Agreement) right to purchase from Syntroleum under a Catalyst Sales Agreement the appropriate Syntroleum Bio-Synfining Catalysts to produce Bio-Synfined Renewable Fuels at the Licensed Plant. Unless otherwise agreed in writing,
Licensee will have no right to make, have made, or sell any Syntroleum Bio-Synfining Catalysts. 

  

	2.03	 Notwithstanding anything to the contrary contained in this Agreement, Syntroleum does not grant to Licensee any right to use any trademark of
Syntroleum, including the trademarks Syntroleum® or Bio-SynfiningTM. Licensee will not use any trademark of
Syntroleum without the express written consent of Syntroleum, which consent will not be unreasonably withheld and will be provided without a licensing fee. 

  
 1 

 3. 
 Process Design Package 
  

	3.01	Licensee provided Syntroleum with a written notice for the development of a Process Design Package, Syntroleum has developed and delivered to Licensee the Process
Design Package for the Licensed Plant, and Licensee has paid Syntroleum for the Process Design Package in accordance with the fee schedule set forth in Exhibit B. Syntroleum will deliver to Licensee by July 31, 2012 certain P&ID drawings
for certain areas of the Licensed Plant as agreed upon by the parties. On the date of this Agreement the parties will sign a Work Order under the Technical Services Agreement describing the scope of the Technical Services to be provided in regards
to the P&ID drawings, and the parties agree that such costs are included in the fees already paid by Licensee for the Process Design Package and there are no further amounts due by Licensee for such Work Order. 

 

	3.02	If Syntroleum has not approved the feedstocks that Licensee plans to use in the Licensed Plant for conversion into Bio-Synfined Renewable Fuels, Licensee will be solely
responsible for all Feedstock Qualification Fees associated with qualifying each such feedstock as an approved feedstock for conversion into Bio-Synfined Renewable Fuels. Syntroleum will provide to Licensee an estimate of (i) the total time,
which in no event will be longer than six (6) months, and (ii) the cost on a month by month basis to approve each such feedstock. As soon as practicable after Licensee’s receipt of such cost estimate, Licensee will notify Syntroleum
in writing to proceed with the qualification of such feedstock. Syntroleum will notify Licensee in writing as soon as practicable of the results of each such feedstock qualification. Syntroleum will provide to Licensee a monthly written progress
report regarding the qualification of each feedstock in form and substance reasonably acceptable to the Parties along with an invoice for the monthly Feedstock Qualification Fees. At anytime and from time to time during the feedstock qualification
process, upon the reasonable request of Licensee, Syntroleum will notify Licensee of the amount of the Feedstock Qualification Fees as of the date of such request. Certain feedstocks have been approved for use at the Licensed Plant prior to the date
of this Agreement. Syntroleum has prepared (and updated from time to time) and delivered to Licensee a written list of each approved feedstock. No previously approved feedstock will be deleted from such list without the prior written consent of both
Parties. 

 4. 
 Technical Assistance 
  

	4.01	Syntroleum will disclose and make available to Licensee as part of this Agreement, upon the reasonable request of Licensee, any and all Inventions or Improvements
developed by Syntroleum or its Affiliates relating to the Syntroleum Bio-Synfining Technology or received by Syntroleum from other licensees of Syntroleum who are eligible to receive a sublicense relating to Licensee Patent Rights and Licensee
Technical Information pursuant to Section 6.02 of this Agreement. Subject to Section 6.02 of this Agreement, Syntroleum shall use reasonable commercial efforts to cause each of its licensees to become eligible to receive a sublicense
relating to Licensee Patent Rights and Licensee Technical Information. 

  
 2 

	4.02	Except as provided under Sections 4.01 and 4.03 of this Agreement, Syntroleum will provide any and all Technical Services for the Licensed Plant to Licensee under that
certain Services Agreement entered into between the Parties on June 22, 2007. A sample listing of the Technical Services that Syntroleum can provide to Licensee is set forth on Exhibit C. 

 

	4.03	After the date this Agreement is entered, as such date is first written above, Syntroleum will provide to Licensee Technical Services free of charge, subject to the
following: 

  

	 	(a)	such Technical Services will be limited to a total of 2,000 man hours (in addition to the 1,920 provided for free prior to the date of this Agreement) consisting of
Syntroleum personnel having the requisite skills to effectively and efficiently provide the required Technical Services; 

  

	 	(b)	such Technical Services will be limited to matters covered by the scope of this Agreement as applicable to Syntroleum; and 

 

	 	(c)	such Technical Services will not include any third party costs or travel costs. Any third party costs or travel costs will be invoiced to Licensee in accordance with
the fee schedule set forth in Exhibit B, as adjusted, of the Technical Services Agreement. 

 Except for the
Technical Services that Syntroleum has agreed to provide free of charge in this Section 4.03, if Licensee desires to otherwise engage Syntroleum to provide any Technical Services to Licensee such services will be provided under the Services
Agreement entered into between the Parties on June 22, 2007. 
 5. 

Process Guarantee and Performance Test 
 Based upon the current status of the Licensed Plant, the fact this Site License is being executed after the commission date of the Licensed Plant, and the other agreements amongst the Parties; a Process
Guarantee and Performance Test are being waived and deemed unnecessary. For purposes of the Warrant Agreement dated June 22, 2007 between Syntroleum and Tyson Foods, Inc., the First Plant Commercial Operation Date, as such term is defined in
Schedule 1 of such Warrant Agreement, shall be the date of this Agreement as first written above. 
 6. 

Licensee Grants to Syntroleum 
  

	6.01	Licensee will disclose and make available to Syntroleum as part of this Agreement, upon the reasonable request of Syntroleum, any and all Inventions or Improvements
developed by Licensee or its Affiliates relating to the production of Bio-Synfined Renewable Fuels. 

  
 3 

	6.02	Subject to the terms and conditions of this Agreement and the exclusivity provisions of the Bio-Synfining (Biofining) Master License Agreement, Licensee grants to
Syntroleum a limited, non-exclusive, irrevocable, royalty free, world-wide right and license under Licensee Patent Rights and Licensee Technical Information for the design, construction, operation and maintenance (including modification,
debottlenecking and replacement, but excluding expansion) of facilities producing Bio-Synfined Renewable Fuels, together with the right to grant corresponding sublicenses of Licensee Patent Rights and Licensee Technical Information to other
licensees of the Syntroleum Bio-Synfining Technology for use at a licensed plant producing Bio-Synfined Renewable Fuels, provided that any such licensee to whom a sublicense is to be granted will have granted reciprocal rights to Syntroleum to use
and grant sublicenses under such licensee’s patent rights and technical information for the benefit of Licensee and Syntroleum will have granted such sublicenses to Licensee. Licensee will have the right to charge Syntroleum a reasonable fee
for any training with respect to Licensee Patent Rights and Licensee Technical Information as may be agreed with Syntroleum on a case by case basis. Any intellectual property or similar asset developed by Licensee other than Licensee Patent Rights
and Licensee Technical Information are not included in such license. The parties mutually agree that any technology developed on the pretreatment system of the Licensed Plant since the original design of the PDP, which work has been done at
Licensee’s cost, will belong to Licensee and would be a Licensee Patent Right or Licensee Technical Information that Syntroleum could use in accordance with the terms of this Section 6.02. The parties further agree that Tyson Foods, Inc.
(one of Licensee’s owners, and referred to herein as “Tyson”), has participated in the further development of the pretreatment system and that Licensee grants to Tyson a limited, non-exclusive, irrevocable, royalty free, world-wide
right and license under Licensee Patent Rights and Licensee Technical Information for use of such pretreatment system in non-fuel related applications, together with the right to grant corresponding sublicenses of Licensee Patent Rights and Licensee
Technical Information to other licensees using in a non-fuel application. Tyson agrees that it will take all actions and execute all documents and will cause its employees, agents and contractors to take all actions and execute all documents that
are necessary or appropriate to carry out the provisions of this Section 6.02 or to assist Licensee in the preparation, filing and prosecution of patent applications. 

 

	6.03	Should Licensee, during the term of this Agreement, make any patentable Inventions or Improvements, Licensee may, at its sole discretion, file patent applications,
whether in the U.S., Patent Cooperation Treaty and/or another jurisdiction, with respect to such Inventions or Improvements in its own name and at its own expense, and take such other steps as are necessary, in the sole judgment of Licensee, to
protect its rights in such Inventions or Improvements. In the event Licensee declines to file any patent application with respect to any Inventions or Improvements, it will notify Syntroleum within thirty (30) days of its decision not to file
such application and will allow Syntroleum, at its sole discretion, to file such patent application at its sole expense and to take such other steps as are necessary, in Syntroleum’s sole judgment, to protect any patent rights in such
Inventions or Improvements. Subject to Licensee’s obligation to account to any third parties pertaining to the patentable Inventions or Improvements, if Syntroleum elects to pursue such patent application, Licensee will assign to Syntroleum all
of Licensee’s right, title and interest in and to the patentable Inventions or Improvements. 

  
 4 

	6.04	In the event Licensee files an application on any Invention or Improvements in any jurisdiction and later decides to terminate prosecution of such application, Licensee
will notify Syntroleum of such decision within a reasonable time prior to allowing such application to lapse or become abandoned. In such event, Syntroleum, in its own and sole discretion, may continue prosecution of such application, with all title
to such patent application assigned to Syntroleum. 

  

	6.05	Syntroleum and Licensee each agree that they will take all actions and execute all documents and will cause their employees, agents and contractors to take all actions
and execute all documents as are necessary or appropriate to carry out the provisions of this Article 6 or to assist each other in the preparation, filing and prosecution of patent applications or securing such protection referenced in this Article
6 when so requested. 

  

	6.06	Licensee hereby grants to Syntroleum the right to reasonably inspect, at mutually convenient times, the operating procedures, process conditions, material balances,
energy consumption, catalyst performance, and analyses of the Bio-Synfined Renewable Fuels which are applicable to Licensee’s Inventions or Improvements at the Licensed Plant incorporating such Inventions or Improvements. Syntroleum hereby
grants to Licensee the right to reasonably inspect, at mutually convenient times, the operating procedures, process conditions, material balances, energy consumption, catalyst performance, and analyses of the Bio-Synfined Renewable Fuels which are
applicable to Licensee’s Inventions or Improvements at plants owned by Syntroleum. 

  

	6.07	Licensee will provide safe access to Syntroleum, from time to time and upon request by Syntroleum, to collect and remove samples of intermediate streams and the
Bio-Synfined Renewable Fuels as they are produced by the Licensed Plant, in reasonable amounts in number and quantity as necessary to verify compliance with this Agreement. Syntroleum’s cost to collect, remove and analyze samples will be born
by Syntroleum. 

  

	6.08	Licensee will allow Syntroleum and its representatives the right to access the Licensed Plant at reasonable and convenient times to observe the construction, start-up
and ongoing plant operations over the service life of the Licensed Plant and to train third party licensees. 

  

	6.09	No grant, transfer or use by Syntroleum or any Syntroleum sub-licensee of any Licensee Patent Rights or Licensee Technical Information will imply or result in any
indemnity, warranty, liability or obligation by Licensee with respect to such rights or information, it being understood that Licensee is not in the business of developing intellectual property rights, and that all such rights and information will
be transferred by Licensee as is, where is and without any express or implied warranty or representation of any kind to Syntroleum, any Syntroleum sub-licensee or any other person, including as to title, merchantability or usefulness for a
particular purpose. 

  
 5 

 7. 
 Fees and Royalties 
  

	7.01	Licensee will pay the following fees and royalties to Syntroleum: 

  

	 	(a)	Intentionally Omitted; 

  

	 	(b)	any Feedstock Qualification Fees under Article 3 of this Agreement; 

  

	 	(c)	any third party costs or travel costs associated with any Technical Services rendered under Article 4 of this Agreement; and 

 

	 	(d)	if Syntroleum owns a ten percent (10%) or higher ownership interest in Licensee, either directly or indirectly, the Running Royalty on every gallon of Bio-Synfined
Renewable Fuels produced from the Licensed Plant or, if Syntroleum does not own at least a ten percent (10%) ownership interest in Licensee, either directly or indirectly, the Upfront Royalty. 

 

	7.02	Except for any Running Royalty due under Section 7.01(d) of this Agreement, Syntroleum will invoice Licensee on a monthly basis for all fees. Each such invoice
will be due and payable within seven (7) days after the receipt of the invoice by Licensee and accompanied by suitable documentation to identify the services rendered, summary timesheets, and any relevant receipts and other records
substantiating the amounts invoiced. For any Running Royalty due under Section 7.01(d) of this Agreement, such Running Royalty will be paid by Licensee to Syntroleum within seven (7) days after the end of the calendar month in which the
Bio-Synfined Renewable Fuels were produced, including documentation to identify the quantity of Bio-Synfined Renewable Fuels produced. For the Upfront Royalty due under Section 7.01(d) of this Agreement, the Upfront Royalty shall be paid within
seven (7) days of (i) for Licensed Plants in which Syntroleum no longer has at least a ten percent (10) ownership interest in Licensee, but Syntroleum had at least a ten percent (10%) ownership interest in Licensee at the time of
the delivery of the Process Design Package at such Licensed Plants, the closing of the event which causes Syntroleum to no longer have at least a ten percent (10%) ownership interest, direct or indirect, in Licensee of such Licensed Plants; or
(ii) for those Licensed Plants in which Syntroleum has less than a ten percent (10%) ownership interest (direct or indirect) in Licensee at the time of the delivery of the Process Design Package, payment will be made upon the delivery of
the Process Design Package by Syntroleum to Licensee. If a Licensed Plant in which Syntroleum does not have at least a ten percent (10%) ownership interest (direct or indirect) does not pass the Process Guarantee under the Site License
Agreement any repayment of the Upfront Royalty, if any, will be calculated pursuant Section 5.09(b). 

  

	7.03	Unpaid invoices and unpaid Running Royalty or Upfront Royalty past seven (7) days will begin accruing interest at a rate of one and one-half percent
(1.5%) per month from the due date until the time the payment is made. 

  
 6 

	7.04	All payments by Licensee under this Agreement will be in immediately available funds in U.S. dollars, and will be made via wire transfer to the following account (or
such other account as Syntroleum may designate from time to time): 

 Bank Name: JPMorgan Chase Bank, N.A.

 Oklahoma City OK 
 ABA#: 021000021 
 For credit to Syntroleum Corporation 

Account #: 836536276 
 SWIFT CODE: CHASUS33 
  

	7.05	During any period in which the Running Royalty is payable to Syntroleum and for a period equal to the lesser of Licensee’s document retention policy and three
(3) years thereafter, Licensee will keep, or cause to be kept, proper books, records and accounts in accordance with generally accepted accounting principles covering its operations hereunder, and containing all information necessary for the
accurate determination of the Running Royalty. At Syntroleum’s request, Licensee agrees to direct its auditor to review such books, records and accounts reports required to be made hereunder. Should a royalty underpayment for any year, in
excess of ten percent (10%) of the royalties paid for that calendar year, be discovered, Licensee shall pay the reasonable cost of the audit. Licensee shall promptly pay to Syntroleum any underpayment, together with interest at the prime rate
published from time to time in the Wall Street Journal. Syntroleum shall promptly refund to Licensee any overpayment, together with interest at the prime rate published from time to time in the Wall Street Journal. 

8. 

Warranties and Indemnities 
  

	8.01	Syntroleum represents and warrants that it is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware, United
States of America, and has full power and authority to enter into and perform its obligations under this Agreement. The execution, delivery and performance of this Agreement and all documents relating hereto by Syntroleum have been duly and validly
authorized by all requisite corporate action and constitute valid and binding obligations of Syntroleum enforceable in accordance with their respective terms. Syntroleum owns or has the right to use all intellectual property rights required in
connection with the Syntroleum Bio-Synfining Technology. If Syntroleum has licensed any technology from a third party, or licenses such technology in the future, such fees will be paid by Syntroleum. 

 

	8.02	Licensee represents and warrants that it is a limited liability company duly organized, validly existing, and in good standing under the laws of the State of Delaware,
and has full power and authority to enter into and perform its obligations under this Agreement including the right to grant the rights and licenses as set forth in Article 6 of this Agreement. The execution, delivery and performance of this
Agreement and all documents relating hereto by Licensee have been duly and validly authorized by all requisite limited liability company action and constitute valid and binding obligations of Licensee enforceable in accordance with their respective
terms. 

  
 7 

	8.03	Except as otherwise expressly set forth in this Agreement, SYNTROLEUM MAKES NO AND HEREBY DISCLAIMS ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS OF ANY KIND,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR ANY OTHER WARRANTIES OR REPRESENTATIONS OF ANY KIND TO LICENSEE, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OR REPRESENTATION WITH RESPECT TO USE OF THE SYNTROLEUM
BIO-SYNFINING TECHNOLOGY AS AUTHORIZED HEREUNDER. 

  

	8.04	IN NO EVENT WILL A PARTY BE LIABLE TO THE OTHER FOR ANY SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING WITHOUT LIMITATION,
LOST PROFITS OR SAVINGS, REGARDLESS OF THE FORM OF ACTION GIVING RISE TO SUCH A CLAIM FOR SUCH DAMAGES, WHETHER IN CONTRACT OR TORT INCLUDING NEGLIGENCE, EVEN IF SYNTROLEUM OR LICENSEE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. BUT IF A
PARTY IS FOUND LIABLE, DESPITE THE ABOVE LANGUAGE, TO THE OTHER PARTY FOR SPECIAL, INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR EXEMPLARY DAMAGES THEN THE MAXIMUM LIMIT OF SUCH DAMAGES IS AGREED TO BE $50,000. ANY DAMAGES RESULTING FROM
UNAUTHORIZED DISCLOSURE OR USE OF CONFIDENTIAL INFORMATION OR UNAUTHORIZED USE OF THE SYNTROLEUM BIO-SYNFINING PATENT RIGHTS OR THE LICENSEE PATENT RIGHTS UNDER THIS AGREEMENT SHALL BE DEEMED TO BE DIRECT DAMAGES. SPECIAL, INDIRECT, CONSEQUENTIAL,
INCIDENTAL, PUNITIVE, OR EXEMPLARY DAMAGES RECOVERED FROM A PARTY BY A THIRD PARTY WITH RESPECT TO WHICH THE OTHER PARTY IS REQUIRED TO PROVIDE INDEMNIFICATION PURSUANT TO THIS AGREEMENT SHALL BE DEEMED TO BE DIRECT DAMAGES.

  

	8.05	A Party will promptly advise the other Party in writing of any claim made or lawsuit alleging infringement of any intellectual property right of a third party or
misappropriation of Confidential Information based on the design, construction and/or operation of the Licensed Plant (including the Bio-Synfined Renewable Fuels produced from the Licensed Plant). 

 

	 	(a)	If Licensee has made a modification to the Process Design Package without the written consent of Syntroleum, and infringement or misappropriation at the Licensed Plant
would not exist in the absence of Licensee’s modification, Licensee will be solely responsible for any claim or lawsuit. Licensee will: 

  
 8 

	 	(i)	promptly undertake at its own expense the defense of the claim or lawsuit; and 

 

	 	(ii)	hold Syntroleum, its Affiliates, and their officers, directors, and employees harmless from any Loss arising out of the claim or lawsuit. 

 

	 	(b)	If the design, construction and/or operation of the Licensed Plant which is the basis for alleged infringement or misappropriation, is (i) in accordance with the
designs, specifications and operating conditions (including, but not limited to, catalysts) embodied in the Process Design Package for the Licensed Plant, or (ii) as otherwise subsequently approved by Syntroleum in writing, Syntroleum will
subject to limitation of liability set forth in Section 8.08 of this Agreement: 

  

	 	(i)	promptly undertake at its own expense the defense of the claim or lawsuit; and 

 

	 	(ii)	hold Licensee, its Affiliates, and their officers, directors, and employees harmless from any Loss arising out of the claim or lawsuit. 

Syntroleum specifically acknowledges and agrees that it will indemnify and hold harmless the Licensee and Tyson pursuant to the terms of
this Section 8.05(b) for the infringement related claims raised by Neste in its complaint dated May 29, 2012, and filed in United States District Court for the District of Delaware. 

 

	 	(c)	A Party will render all reasonable assistance that may be required by the other Party in the defense of a claim or lawsuit alleging infringement or misappropriation and
such Party will have the right to be represented therein by advisory counsel of its selection and at its expense. 

  

	 	(d)	In the event a court or other tribunal finds that infringement and/or misappropriation has occurred not as a result of Licensee’s modifications, Syntroleum will
have the option, at its sole expense but subject to the limitation of liability set forth in Section 8.08 of this Agreement, to either: 

  

	 	(i)	provide designs, specifications and/or operating conditions (including, but not limited to, catalysts) and make modifications to the Licensed Plant which avoid such
infringement and/or misappropriation without degrading the economics or performance of the Licensed Plant; or 

  

	 	(ii)	acquire the right to continue using the design, construction and operating conditions (including, but not limited to, catalysts), which were the subject of such
infringement and/or misappropriation and obtain a full and unconditional release of Licensee with respect to any claims of infringement and/or misappropriation by Licensee. 

  
 9 

	 	(e)	Except as provided in section 8.05(d)(ii), a Party will not settle or compromise any claim or lawsuit alleging infringement or misappropriation without the written
consent of the other Party if such settlement or compromise obligates the other Party to make any payment or part with any property, to assume any obligation or grant any licenses or other rights, or to be subject to any injunction by reason of such
settlement or compromise. 

  

	8.06	Except for patent infringement claims by a third party, Syntroleum subject to the limitation of liability set forth in Section 8.08 of this Agreement agrees to
indemnify, defend and hold harmless Licensee, its Affiliates, and their officers, directors, and employees from and against any Loss arising out of the following: 

 

	 	(a)	Syntroleum’s use of Licensee Patent Rights and Licensee Technical Information in a plant operated by Syntroleum or Person under license from Syntroleum; or

  

	 	(b)	any property (real or personal) damage, personal injury or death caused by Syntroleum or its representatives. 

 

	8.07	Except as provided in Section 8.04 of this Agreement, Licensee agrees to indemnify, defend and hold harmless Syntroleum, its Affiliates, their officers, directors,
and employees from and against any Loss arising out of: 

  

	 	(a)	Licensee’s construction, operation and maintenance of the Licensed Plant in a manner inconsistent in any material respect with the Process Design Package; or

  

	 	(b)	any property (real or personal) damage, personal injury or death caused by Licensee or its representatives. 

 

	8.08	IF SYNTROLEUM HAS AT LEAST A TEN PERCENT (10%) OWNERSHIP INTEREST (DIRECT OR INDIRECT) IN LICENSEE, SYNTROLEUM’S TOTAL LIABILITY TO LICENSEE UNDER SECTIONS
8.04, 8.05 AND 8.06 OF THIS AGREEMENT WILL BE LIMITED TO $19,600,000; AND IF SYNTROLEUM HAS LESS THAN A TEN PERCENT (10%) OWNERSHIP INTEREST (DIRECT OR INDIRECT) IN LICENSEE, SYNTROLEUM’S TOTAL LIABILITY TO LICENSEE UNDER SECTIONS 8.04,
8.05 AND 8.06 OF THIS AGREEMENT WILL BE LIMITED TO THE AMOUNT OF THE UPFRONT ROYALTY PLUS $9,800,000. ONCE THE LIMIT IN THE PRECEDING SENTENCE HAS BEEN REACHED, SYNTROLEUM WILL HAVE NO FURTHER LIABILITY WHATSOEVER TO LICENSEE UNDER THIS AGREEMENT.

  

	8.09	IN THE EVENT THAT AN UPFRONT ROYALTY IS NOT TIMELY PAID TO SYNTROLEUM WHEN DUE, IN ADDITON TO ANY CLAIM FOR DAMAGES AGAINST LICENSEE, SYNTROLEUM SHALL HAVE THE RIGHT TO
IMMEDIATELY TERMINATE THIS AGREEMENT BY GIVING WRITTEN NOTICE TO LICENSEE. EXCEPT AS PROVIDED IN THE PREVIOUS SENTENCE, SYNTROLEUM’S SOLE REMEDY FOR BREACH OF THIS AGREEMENT BY LICENSEE IS MONEY DAMAGES. 

  
 10 

 9. 
 Confidentiality and Limitations 
  

	9.01	Licensee agrees that any Confidential Information disclosed by Syntroleum or an Affiliate directly or indirectly to Licensee during the term of this Agreement will be
kept confidential by Licensee until five (5) years after the termination of this Agreement or fifteen (15) years from the Effective Date, whichever last occurs, with the same standard of care Licensee uses to protect its own similar
confidential information and, except as otherwise provided in this Agreement, will not be disclosed to others or copied or duplicated (except for internal use) and will be used by Licensee solely for purposes covered by the scope of each license
granted pursuant to this Agreement. Licensee may disclose such Confidential Information to third parties, except competitors of Syntroleum as a technology provider (including, but not limited to those entities listed on Exhibit E which Exhibit may
be amended from time to time by the mutual agreement of the Parties, such agreement not to be unreasonably withheld) , who have executed a confidentiality agreement with Syntroleum with confidentiality terms no less restrictive than those set forth
in this Section 9.01. To the extent reasonably necessary to carry out the purposes of this Agreement, Licensee may disclose any of the foregoing information to an Affiliate, provided that the Affiliate has agreed in writing to be bound by
confidentiality terms no less restrictive than those set forth in this Section 9.01. 

  

	9.02	Syntroleum agrees that any Confidential Information disclosed by Licensee or an Affiliate directly or indirectly to Syntroleum during the term of this Agreement will be
kept confidential by Syntroleum until five (5) years after the termination of this Agreement or fifteen (15) years from the Effective Date, whichever last occurs, with the same standard of care Syntroleum uses to protect its own similar
confidential information, and except as otherwise provided in this Agreement will not be disclosed to others or copied or duplicated, and will be used by Syntroleum solely in the development, marketing and licensing of Bio-Synfined Renewable Fuels,
and for no other purpose. Syntroleum may disclose such Confidential Information to third parties who have executed a confidentiality agreement with Licensee with confidentiality terms no less restrictive than those set forth in this
Section 9.02. To the extent reasonably necessary to carry out the purposes of this Agreement, Syntroleum may disclose any of the foregoing information to an Affiliate, provided that the Affiliate has agreed in writing to be bound by
confidentiality terms no less restrictive than those set forth in this Section 9.02. 

  
 11 

	9.03	A Party will not be subject to the restrictions set forth in Sections 9.01 and 9.02 of this Agreement as to the disclosure, duplication or use of disclosed Confidential
Information, if the receiving Party can prove by competent evidence that such Confidential Information (and not a general description of the subject of such Confidential Information): 

 

	 	(a)	was already known to the receiving Party or an Affiliate prior to the disclosure thereof by the disclosing Party; 

 

	 	(b)	is or becomes part of the public knowledge or literature without breach of this Agreement by the receiving Party but only after it becomes part of the public knowledge
or literature; 

  

	 	(c)	will otherwise lawfully become available to the receiving Party or an Affiliate from a third party but only after it becomes so available and provided the third party
is not under obligation of confidentiality to disclosing Party; or 

  

	 	(d)	is developed by the receiving Party or an Affiliate independently of any disclosure by the disclosing Party to the receiving Party or an Affiliate under this Agreement
or independently of any joint research and development activities of Licensee and Syntroleum which may occur under a separate agreement. 

  

	9.04	The receiving Party will limit access to the Confidential Information disclosed to it to those employees of the receiving Party or an Affiliate who reasonably require
the same and who are under a legal obligation of confidentiality on the terms set forth herein. The receiving Party will be responsible to the disclosing Party for the performance by its employees of their confidentiality obligations.

  

	9.05	In the event that a Party which is recipient of Confidential Information from the other Party is requested or required by deposition, interrogatory, request for
documents, subpoena, civil investigative demand or similar process to disclose any such Confidential Information, the receiving Party will provide the disclosing Party with prompt written notice of such request or requirement prior to making the
requested disclosure, and will cooperate with the disclosing Party so that the disclosing Party may seek a protective order or other appropriate remedy. In the event that such protective order or other remedy is not obtained, the receiving Party may
disclose only that portion of the Confidential Information that the receiving Party is advised by counsel is legally required to be disclosed. 

  

	9.06	The Parties agree that they will each take all actions and execute all documents, and will cause their employees, agents and contractors to take all actions and execute
all documents as are necessary or appropriate to carry out the provisions of this Article 9 or to assist each other in securing protection of intellectual property and Confidential Information referenced in this Article 9. 

  
 12 

	9.07	With respect to any Syntroleum Bio-Synfining Catalysts furnished to Licensee under any Catalyst Sales Agreement for use by Licensee at the Licensed Plant, Licensee will
not, and Licensee will not allow any other person to, analyze, break down, reverse engineer or otherwise seek to determine the chemical composition of any such catalyst, except that Licensee will be entitled to: 

 

	 	(a)	perform analyses that Syntroleum may from time to time specifically authorize in writing, to the extent required for monitoring the performance of the Licensed Plant
and for reclamation or disposal of spent catalysts, such authorization not to be unreasonably withheld; and 

  

	 	(b)	provide results of the aforementioned analyses to other parties to the extent required for reclamation or disposal of spent catalysts, but only after such other parties
have entered into a confidentiality agreement with Syntroleum with confidentiality terms no less restrictive than those set forth in Section 9.01 of this Agreement. 

Syntroleum will be provided with a copy of all such analyses which has been approved in writing prior to release to other parties.

  

	9.08	It is recognized that public announcements of the material terms regarding this Agreement may be necessary upon execution to comply with the rules and regulations of
the U.S. Securities and Exchange Commission, any other regulatory body or any public trading exchange. In such instance, each Party agrees to provide written notice to the other Party of the content of any proposed disclosure, press release, or
other announcement relating to this Agreement at least twenty-four (24) hours prior to its intended release. 

10. 

Assignment and Transfers 
  

	10.01 	Licensee will not assign its rights and obligations under this Agreement to any competitor of Syntroleum as a technology provider listed on Exhibit E (which exhibit may
be amended from time to time by the mutual agreement of the Parties, such agreement not to be unreasonably withheld). Except for assignment to a wholly-owned subsidiary, this Agreement will not be assignable by Licensee without the prior written
consent of Syntroleum which consent will not be unreasonably withheld. Licensee will promptly notify Syntroleum in writing of any assignment to a wholly-owned subsidiary. Except for assignment to a wholly-owned subsidiary, any attempted assignment
of this Agreement by Licensee without consent of Syntroleum will be void. 

  

	10.02 	Except for assignment to a wholly-owned subsidiary, this Agreement may not be assigned by Syntroleum without the prior written consent of Licensee which consent will
not be unreasonably withheld. Except for assignment to a wholly-owned subsidiary, any attempted assignment of this Agreement by Syntroleum without the prior written consent of Licensee will be void. No assignment of this Agreement to a wholly-owned
subsidiary by Syntroleum will be valid unless such subsidiary has the appropriate rights to grant the license provided under this Agreement and the ability to perform the other obligations of Syntroleum under this Agreement.

  
 13 

	10.03. 	Syntroleum acknowledges and agrees that Licensee may assign this Agreement as collateral to any lender providing financing to Licensee, and Syntroleum shall execute a
form of consent to assignment reasonably requested by any such lender. 

 11. 

Term and Termination 
  

	11.01	 The term of this Agreement will begin on the Effective Date and end on the last day of the useful life of the Licensed Plant. 

 

	11.02	 Termination of this Agreement will not: 

  

	 	(a)	relieve Licensee of its obligations to account for and pay all amounts due Syntroleum under this Agreement for work performed or liabilities incurred prior to
termination; 

  

	 	(b)	affect any rights granted under Article 7 with respect to Licensee Patent Rights and Licensee Technical Information, which will survive termination in accordance with
its terms; or 

  

	 	(c)	affect the obligations of Syntroleum and Licensee under Articles 8 and 9 and Section 12.02, which will survive termination in accordance with their terms.

  

	11.03	 No Party will be in default in performing its obligations under this Agreement, except the obligation to provide the license or pay the amounts required under
this Agreement, to the extent that performing such obligations, or any of them, is delayed or prevented by Force Majeure. Each Party will do all things reasonably possible to remove the cause of such default. Notwithstanding the above, if any Force
Majeure event prevents a Party from performing all or substantially all of its obligations under this Agreement and continues for more than three (3) years, either Party may terminate their rights and obligations under this Agreement by written
notice to the other. Such termination will not relieve any Party from obligations undertaken and due before such termination or otherwise under this Agreement. 

 

	11.04 	Notwithstanding anything to the contrary set forth in this Agreement, if Licensee fails to take any action contemplated by this Agreement within the period of time
specified in this Agreement due to Excusable Delay, then such period of time shall be extended by an amount of time equal to the period of such Excusable Delay. 

 12. 
 Miscellaneous 

 

	12.01 	This Agreement embodies the entire intent of the Parties and merges all prior oral and written agreements between the Parties hereto with respect to subject matter
hereof. No stipulation, agreement, representation or understanding of the Parties hereto will be valid or enforceable unless contained in this Agreement or in a subsequent written agreement signed by the Parties hereto. 

  
 14 

	12.02 	This Agreement shall be governed by, and shall be enforced, construed and interpreted in accordance with, the laws of the State of New York (without giving effect to
any principle of conflict of laws that would result in the application of the law of another jurisdiction as the governing law of this Agreement), which shall be deemed to be the proper law of this Agreement. For any matter (i) seeking
equitable relief that is not available in arbitration, (ii) to enforce an arbitration award under Section 12.03, or (iii) for any other matter the parties mutually agree not to submit to arbitration under Section 12.03, the
Parties agree that the jurisdiction governing any such disputes or interpretation of matters arising from the Agreement is the State of New York, in New York County. Any action or proceeding which is permitted to be brought by a Party against a
Party to this Agreement pursuant to this Section 12.02, whether in tort or contract or at law or in equity, shall be brought in a federal court in the State of New York, in New York County or, if federal court shall not have jurisdiction, state
court in the State of New York, in New York County and each Party: (a) irrevocably submits to the personal jurisdiction of such courts; (b) waives any objection to laying venue in any such action or proceeding in such courts;
(c) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it; and (d) agrees that service of process upon it may be effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to it at its address specified in the heading of this Agreement or as specified below. The foregoing consents to jurisdiction and service of process shall not constitute general consents to
service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any person other than the parties to the Agreement. Each Party shall appoint an agent for service in New York County
for service of process in any dispute arising out of or relating to the Agreement and agrees that service upon such agent shall constitute personal service upon each such Party. 

 

	12.03 	The Parties agree that in the event of any dispute, controversy, or claim between the Parties arising out of or relating to this Agreement, or the alleged breach of
this Agreement (expressly including the validity, scope, and enforceability of this arbitration agreement), the Controller of Licensee and the President of Syntroleum shall confer. If they fail within fifteen (15) days to agree on a
satisfactory resolution, then the Parties agree that any such dispute, controversy, claim or alleged breach shall be settled by final and binding arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association
(the “AAA”), and judgment on the award rendered by the arbitrator may be entered by a United States District Court. The Parties stipulate this Agreement involves a transaction in interstate commerce and that the Federal Arbitration Act is
fully applicable. Within thirty (30) days of either Party delivering to the other party notice of arbitration under this Section 12.03, each party shall select an arbitrator. The two arbitrators selected by the parties shall, within ten
(10) days of their appointment, select as chairman of the tribunal, a third neutral arbitrator (collectively with the party-appointed arbitrators, the “Arbitrators” and each an “Arbitrator”). If the two party-appointed
Arbitrators do not agree on a third neutral Arbitrator, the third Arbitrator shall be selected by the AAA. The arbitration hearing shall be held in Houston, Texas before the three Arbitrators. Each of the Arbitrators shall be unaffiliated with
either Party or its Affiliates, shall not have any material financial dependence on either Party, and shall at all times remain neutral and wholly impartial. The arbitration hearing shall commence within twenty (20) days of the appointment of
the third Arbitrator. The arbitrators shall have no power to modify the terms of this Agreement or to award punitive damages. The Parties hereto hereby waive any rights or claims for punitive damages in arbitration. Notwithstanding the above, a
Party seeking equitable relief that is not available under arbitration will not be subject to the arbitration provisions of this Section 12.03, and such Party may bring such claim pursuant to the provisions of Section 12.02.

  
 15 

	12.04 	This Agreement does not grant and will not be construed as granting any license, authorization or consent, to either Party by the other Party hereto, to use any name,
trademark, service mark or slogan of the other Party. Except as required by law, a Party will not use the other Party’s name without written consent, except for the identification of the other Party as Syntroleum or a licensee of Syntroleum.

  

	12.05 	Failure of either Syntroleum or Licensee at any time or from time to time to exercise any of its rights under this Agreement or to insist upon strict performance of the
other Party’s obligations hereunder will not be deemed a waiver of or to limit any of such rights or obligations with respect to such rights or obligations or any subsequent occurrence. 

 

	12.06 	The Parties may publish the existence of this Agreement but agree not to disclose, without the prior written consent of the other Party, any of the terms of this
Agreement or any portion thereof, or any amendment concerning the same, except as required by law or by the rules of any listing exchange. 

  

	12.07 	In construing this Agreement: (i) no consideration shall be given to the captions of the Articles, Sections, subsections or clauses, which are inserted for
convenience in locating the provisions of this Agreement and not as an aid to construction and shall not be interpreted to limit or otherwise affect the provisions of this Agreement, (ii) no consideration shall be given to the fact or
presumption that any party had a greater or lesser hand in drafting this Agreement, (iii) examples shall not be construed to limit, expressly or by implication, the matter they illustrate, (iv) the word “includes” and its
syntactic variants means “includes, but is not limited to” and corresponding syntactic variant expressions, words such as “herein,” “hereafter,” “hereof,” “hereto” and “hereunder” refer to
this Agreement as a whole and the word “and” shall be deemed to mean “and/or” where the context so requires, (v) the plural shall be deemed to include the singular, and vice versa, (vi) each gender shall be deemed to
include the other gender, (vii) each Exhibit, Appendix, Attachment and Schedule to this Agreement is part of this Agreement, (viii) references to a Person are also to its permitted successors and permitted assigns and (ix) unless
otherwise expressly provided herein, any agreement, instrument or statute defined or referred to herein means such agreement, instrument or statute as from time to time amended, modified or supplemented, included (in the case of agreements or
instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and reference to all attachments thereto and instruments incorporated therein. 

  
 16 

	12.08 	Should any part or provision of this Agreement be held unenforceable or in conflict with the laws of the State of New York, the validity of the remaining parts or
provisions will not be affected by such holding. 

  

	12.09 	All notices hereunder will be addressed to the Parties as follows: 

  

			
	 If to Syntroleum:
	  	 If to Licensee:

		
	 Syntroleum Corporation
	  	 Dynamic Fuels, LLC

	 5416 South Yale Avenue
	  	 2200 Don Tyson Parkway

	 Tulsa, OK 74107
	  	 Springdale, AR 72762

	 Fax No.: (918) 592-7979
	  	 Fax No: (479) 575-7921

	 Phone No.: (918) 592-7900
	  	Phone No: (800) 643-3410
	 ATTN: President and CEO
	  	ATTN: Management Committee

 Any notice required or permitted to be given under this Agreement by one of the Parties to the other will
be deemed to have been sufficiently given for all purposes hereof if mailed by registered or certified mail, postage prepaid, addressed to such Party at its address indicated above, electronically transmitted and acknowledged by the other Party or
by actual delivery of written notice to the other Party. 

  
 17 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date
set forth above. 
  

			
	SYNTROLEUM CORPORATION
		
	By:	 	/s/ Jeffrey M. Bigger
	 Name: Jeffrey M. Bigger
 Title: Sr. VP–Business Development

  

			
	DYNAMIC FUELS, LLC
		
	By:	 	/s/ Craig Hart
	 Name: Craig Hart

Title: Mgt. Committee Member

 Tyson Foods, Inc. is executing this Agreement solely to acknowledge its obligations and rights under
Section 6.02 of this Agreement. 
  

			
	By:	 	/s/ Andrew Rojeski
	 Name: Andrew Rojeski

Title: Vice President

  
 18 

 Exhibit A 
 to Site License Agreement 
 Definitions 

 

	1.	“Affiliate” means, with respect to a Person, its owners, parent, subsidiary or any Person directly or indirectly Controlling, Controlled by or under
common Control with such Person. 

  

	2.	“Agreement” means the Site License Agreement to which this Exhibit A is attached together with all exhibits thereto. 

 

	3.	“BLS” means the factor equal to (a) the BLS Index for the calendar year in which the payment is being made divided by (b) the BLS Index
applicable as of the Effective Date. 

  

	4.	“BLS Index” means the index for January of the year in question represented by the Producer Price Index for Industrial Commodities as published by the
Bureau of Labor Statistics, U.S. Department of Labor, using the year 1982 as the base index equal to 100. If, at any time, the above index should cease to be published, then another suitable index published by the U.S. Government or other
authoritative organization and generally recognized by the trade as authoritative with respect to changes in the U.S. of equivalent commodity costs will be used. 

 

	5.	“Bio Feedstock” means animal fats and other feedstocks, including, but not limited to, vegetable oils, yellow, brown and recycled grease, glycerin,
glycerol, palm oil, soybean oil and other bio-oils, but excluding any material or product produced from a Fischer-Tropsch synthesis process. 

  

	6.	“Biofined Renewable Fuels” means renewable fuels made from Bio Feedstocks, including, but not limited to, iso-paraffinic kerosene, jet fuel, diesel,
naphtha, petroleum jelly and liquefied petroleum gas. This term has been replaced by “Bio-Synfined Renewable Fuels”. 

  

	7.	“Biofining Master License Agreement” means the Biofining Master License Agreement, between Syntroleum Corporation and Dynamic Fuels, LLC, dated
June 22, 2007. 

  

	8.	“Bio-Synfining” is the name that replaced the name Biofining after the date of the Biofining Master License Agreement, for the process of converting
Bio-Feedstocks into renewable fuels via Syntroleum’s hydroprocessing technology. 

  

	9.	“Catalyst Sales Agreement” means that certain agreement to be entered into between Licensee and Syntroleum whereby Syntroleum will sell to Licensee the
Syntroleum Bio-Synfining Catalysts for use in the Licensed Plant, dated June 27, 2012. 

	10.	“Confidential Information” means: 

  

	 	(a)	the Agreement and the terms thereof; and 

  

	 	(b)	information of Syntroleum or Licensee disclosed to the other Party under the Agreement, including any formula, pattern, compilation, program, apparatus, device,
drawing, schematic, method, technique, know-how, process or pilot plant data, and other non-public information such as business plans, financial information or other technology that: 

 

	 	(i)	derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain
economic value from its disclosure or use; and 

  

	 	(ii)	is the subject of efforts that are reasonable under the circumstances to maintain its confidentiality, which information will be disclosed in writing and labeled as
“Confidential” or the equivalent, or if disclosed verbally or in other non-written form, identified as such at the time of disclosure and thereafter summarized in writing by the disclosing Party within thirty (30) days of such initial
disclosure. 

 Confidential Information includes, without limit, Syntroleum Bio-Synfining Catalyst Information,
Syntroleum Bio-Synfining Technical Information, and Licensee Technical Information. 
  

	11.	“Control,” “Controlling” or “Controlled” means the possession, directly or indirectly, of the right or power to
direct or cause the direction of the management and policies of another Person, whether through the ownership of voting securities, partnership interests, management authority, by contract or otherwise; and without limiting the foregoing, it shall
be deemed that the ownership of more than 50% of the voting securities, partnership interests, member interests or percentage interest of another Person shall be deemed to meet such control test. 

 

	12.	“Effective Date” means the date set forth in the first paragraph of the Agreement. 

 

	13.	“Excusable Delay” means a period of delay by the Licensee in taking any action caused by (i) the failure of Syntroleum to perform an obligation
under this Agreement or any agreement entered into in connection with this Agreement, (ii) a decision by Licensee to delay taking such action made with the consent of or without objection by Syntroleum or (iii) the delay of any
governmental authority, body or agency granting any permit, license or authorization so long as Licensee is prudently and diligently pursuing the permit, license or authorization but in no event longer than 18 months from the decision by Licensee to
delay such action. 

  

	14.	“FEED” means front-end engineering design. 

  
 2 

	15.	“Feedstock Qualification Fees” means, based on the fee schedule set forth in Exhibit B, all of the fees, costs and expenses associated with
Syntroleum’s qualification of any specific type of feedstock under Section 3.10 of the Agreement, including: 

  

	 	(a)	all man hours spent by Syntroleum personnel in qualifying such feedstock for conversion into Bio-Synfined Renewable Fuels, including: 

 

	 	(i)	all man hours spent engaging, working with and managing all third party contractors (selected by Syntroleum and reasonably acceptable to Licensee);

  

	 	(ii)	all man hours spent working with Licensee and its representatives; and 

  

	 	(iii)	all man hours spent traveling; 

  

	 	(b)	all third party costs and expenses, including travel; 

  

	 	(c)	all material costs, including catalyst, chemicals and feedstock costs; and 

 

	 	(d)	all other fees, costs and expenses described on Exhibit B. 

  

	16.	“Force Majeure” means any revolution, civil unrest, strike, labor disturbances, epidemic, fire, lightening, flood, storm, earthquake, explosion,
blockage or embargo, or any law, proclamation, regulation or ordinance, or any other cause that is beyond the control and without the fault or negligence of the Party asserting the benefit of a Force Majeure event. 

 

	17.	“Inventions or Improvements” means any process, formula, composition, device, catalyst, apparatus, technology, know-how, operating technique,
improvement, modification, or enhancement relating to the use, operation, or commercialization of any technology capable of producing Bio-Synfined Renewable Fuels, which is discovered, made, designed, developed or acquired by Licensee, solely or
with others, since the Effective Date, whether patentable or not, including, without limitation, patents, copyrights, and Confidential Information and further including the full scope and content of the intellectual and tangible property included
therein and produced therefrom, e.g., drawings, prints, chemical formulae, prototypes, data, computer programs and software, and the like. Inventions or Improvements will not include any information relating to methods of manufacturing catalysts for
use in the production of Bio-Synfined Renewable Fuels. 

  

	18.	“Licensed Plant” means one (1) fixed plant licensed to operate under the terms of the Agreement, located at 36187 Highway 30, Geismar, Louisiana,
70734, with a design production capacity of a Nominal 210,000 gallons of Bio-Synfined Renewable Fuels per day, using or designed to use the Syntroleum Bio-Synfining Technology to produce Bio-Synfined Renewable Fuels. 

  
 3 

	19.	“Licensee” means Dynamic Fuels, LLC, a Delaware company having its principal place of business at 2200 Don Tyson Parkway, Springdale, Arkansas 72762,
and its successors and assigns, subject to Article 10 of the Agreement. 

  

	20.	“Licensee Patent Rights” means all rights with respect to patents and patent applications of all relevant countries to the extent that the claims cover
features or aspects of Inventions or Improvements practiced in the Licensed Plant and applicable to the production of Bio-Synfined Renewable Fuels, in each case to the extent that, and subject to the terms and conditions under which, Licensee has
the right to grant licenses, immunities or licensing rights without having to make payment to others. 

  

	21.	“Licensee Technical Information” means all unpatented Inventions or Improvements practiced in the Licensed Plant and applicable to the production of
Bio-Synfined Renewable Fuels, in each case to the extent that, and subject to the terms and conditions under which, Licensee has the right to grant licenses, immunities or licensing rights without having to make payment to others.

  

	22.	“Loss” or “Losses” means any losses, liabilities, damages, obligations, claims, lawsuits, judgments, settlements, costs and expenses,
including court costs, interest and attorney’s fees. 

  

	23.	“PDP Fees” means, based on the fee schedule set forth in Exhibit B, all of the fees, costs and expenses that have been incurred by Syntroleum and are
associated with Syntroleum’s development of the Process Design Package, including: 

  

	 	(a)	all man hours spent by Syntroleum personnel in developing the Process Design Package, including: 

 

	 	(i)	all man hours spent engaging, working with and managing all third party contractors, including all independent third party engineering contractors (selected by
Syntroleum and reasonably acceptable to Licensee); 

  

	 	(ii)	all man hours spent working with Licensee and its representatives; and 

  

	 	(iii)	all man hours spent traveling; 

  

	 	(b)	all third party costs and expenses; and 

  

	 	(c)	all other fees, costs and expenses described on Exhibit B. 

  

	24.	“Parties” means Syntroleum and Licensee. 

  

	25.	“Party” means Syntroleum or Licensee. 

  
 4 

	26.	“Performance Test” means the operation of and the measurement of the outputs of the Licensed Plant to determine whether the Licensed Plant meets or
exceeds the Process Guarantee. 

  

	27.	“Person” means any natural person, corporation, joint venture, partnership, limited liability company, firm, association, trust, government,
governmental agency or any other entity, other than the Parties. 

  

	28.	“Process Design Package” means the following list of text, figures, drawings and documentation relating to the design and construction of the Licensed
Plant: 

  

	 	(a)	A process description. This will include a brief description of the process and the highlighting of special features, including an equipment list and tag numbers;

  

	 	(b)	A basis of design. This will include a concise review of feed stream basis, rates and compositions, produce specifications and battery limit conditions, safeguarding
memorandum, control philosophy, operation philosophy, and a description of the Syntroleum Bio-Synfining Catalyst required for the operation of the Licensed Plant which shall be the Syntroleum Bio-Synfining Catalyst provided under the Catalyst Sales
Agreement; 

  

	 	(c)	Heat, material and pressure balances. This will include: 

  

	 	(i)	heat and material balances with all pertinent physical characteristics of the process fluids shown; 

 

	 	(ii)	all changes in process conditions, including temperature, pressure, heat content and vapor-liquid distribution; and 

 

	 	(iii)	utility streams involved in heat transfer calculations; 

  

	 	(d)	Process flow diagrams. This will include: 

  

	 	(i)	major process lines showing interconnection of major equipment; 

  

	 	(ii)	arrangement of the flow sequence; 

  

	 	(iii)	principle control systems; 

  

	 	(iv)	equipment items, including spare equipment; 

  

	 	(v)	operating conditions, including temperatures, pressures and flows at principle points; 

 

	 	(vi)	exchanger and furnace duties; and 

  
 5 

	 	(vii)	sampling points for product sample removal; 

  

	 	(e)	Piping and instrumentation diagrams. This will include: 

  

	 	(i)	a list of major equipment with important process and mechanical details shown; 

 

	 	(ii)	a list of recommended line sizes for lines, bypasses, circulating lines, startup connections, inert gas, gas blanketing, pumpout lines, relief and safety valves
(location only) based on standardized line sizing criteria. The FEED contractor is responsible for final sizing of all safety system components and their connections to the appropriate headers and sample connections. Vents and drains in process
piping which are required to suit the mechanical layout of the piping will not be included; 

  

	 	(iii)	minimum required instrumentation will be shown using standard ISA symbols to code the systems. Where a control loop involves some definition of mechanical attachment to
a vessel, a typical detail will be shown; 

  

	 	(iv)	control valves and manifolds will be shown, including those valves in utility systems that have a process control function; 

 

	 	(v)	minimum process valving and utility system tie-ins will be shown; and 

  

	 	(vi)	general notes to the mechanical designer will be given which provide information or recommendations pertinent to detailed engineering design; 

 

	 	(f)	Utility flow diagrams. This will include: 

  

	 	(i)	utility systems for the Syntroleum Bio-Synfining Conversion Process will be shown on separate flow diagrams because of their dependence on plot layout;

  

	 	(ii)	the utility flow diagrams will show recommended utility lines and sizes for cooling water, condensate, steam and fuel gas systems. Air piping will be shown in control
systems and where air piping serves a process function, such as regeneration air and for overall unit supply. Sumps and drain are excluded from the utility diagrams; 

 

	 	(iii)	hot oil or other heating medium supply systems will be shown; and 

  

	 	(iv)	electrical load list and single line diagram; 

  

	 	(g)	A plot plan. This will include a recommended equipment layout that also serves to document the basis for plot oriented design work; 

  
 6 

	 	(h)	Tower and vessel outline drawings and specifications. This will include vessel sketches including pressure and temperature design ratings, a nozzle schedule specifying
flange or coupling rating, typical of all openings and other pertinent dimensions. Special internals required for the process will be shown for the process design. The number, type, pitch and spacing of trays will be shown; 

 

	 	(i)	Tray and column loading specifications. This will include critical vapor-liquid loadings, stream gravities, and operating conditions will be developed for all trayed
columns. Minimum tower diameters, and recommended vessel heights will be shown. Details necessary to solicit quotations from tray vendors and column vendors will be provided; 

 

	 	(j)	Equipment duty specifications. This will include standard specification forms for major equipment items. Data provided includes process criteria, general mechanical
specifications and outline sketches, condensation curves for exchangers, as required for the proper function of the equipment. The information will be of sufficient quality to obtain competitive proposals from equipment suppliers;

  

	 	(k)	Utility requirements. This will include estimates of the consumption of steam, electrical power, cooling water, instrument air, inert gas, fuel gas and fuel oil;

  

	 	(l)	Environmental specifications. This will include a tabulation of the potential emissions to air or water, a qualitative identification of pollutants and sources and,
where possible, an estimate of the quantities and concentrations; 

  

	 	(m)	Instrument and control specifications. This will include instrument lists and process data sheets for minimum required instruments and controls, including cause and
effect diagrams; 

  

	 	(n)	Piping and line specifications. This will include a line list and designation sheets, including operating and design conditions, designation of pipe material and
flange ratings, and insulation requirements; 

  

	 	(o)	A materials list. This will include a list of recommended materials with specifications for material or corrosion allowances necessary for anti-corrosion or
anti-corrosion protection; 

  

	 	(p)	the reactor mechanical design; 

  

	 	(q)	the Process Guarantee Conditions; 

  

	 	(r)	the Process Guarantee; 

  
 7 

	 	(s)	the procedure for conducting the Performance Test. This will include the feedstock composition, the nature and origin of samples to be taken for analysis, and the
methods of sampling, testing and analytical procedures to be followed; and 

  

	 	(t)	guidelines for the start-up, operation and shut down of the Licensed Plant (basis for Licensed Plant operating manual). 

Any structural, civil or piping and equipment stress related deliverables are expressly excluded from Syntroleum’s scope of supply
under the Process Design Package. The Process Design Package also does not include any Technical Services or any technical support whatsoever from Syntroleum for the transfer of the Syntroleum Bio-Synfining Technology to Licensee. 

 

	29.	“Process Design Package Questionnaire” means a complete list of the data and information pertaining to the Licensed Plant, including specific site
conditions and feedstock information, that Licensee must fully answer and deliver to Syntroleum in order for Syntroleum to develop the Process Design Package. 

 

	30.	“Process Guarantee” means at least 90% of the output of the Licensed Plant as specified in the Process Design Package when the Licensed Plant is
constructed according to the Process Design Package and when Licensee meets all of the Process Guarantee Conditions. 

  

	31.	“Process Guarantee Conditions” means the input and design conditions of the Licensed Plant, as specified in the Process Design Package and
Licensee’s responses to the Process Design Package Questionnaire, that Licensee must meet in order for Syntroleum to make the Process Guarantee which shall be reasonably satisfactory in all material respects to Licensee.

  

	32.	“Prudent Refinery Practice” means, in relation to any undertaking and any circumstances, the exercise of that degree of skill, diligence, prudence and
foresight which would reasonably and ordinarily be expected from a skilled and experienced operator of a refinery in the United States in a manner consistent with the terms of this Agreement, legal requirements, reliability, safety, environmental
protection, economy and expediency. Prudent Refinery Practice does not necessarily mean one particular practice, method, equipment specification or standard in all cases, but is instead intended to encompass a broad range of practices, methods,
equipment specifications and standards satisfying the requirements set out above. 

  

	33.	“Remedial Measures” means all materials and services relating to the Process Design Package deemed necessary by Syntroleum to enable the Licensed Plant
to meet the Process Guarantee. 

  
 8 

	34.	“Running Royalty” means: 

  

	 	(a)	a royalty of $0.025 per gallon of Bio-Synfined Renewable Fuels produced at the Licensed Plant. Such royalty shall be adjusted annually for inflation using the BLS. Such
inflation adjustment shall begin the year following commencement of operations at the Licensed Plant; and 

  

	 	(b)	an incremental royalty of $0.025 for each gallon of Bio-Synfined Renewable Fuels produced at the Licensed Plant in excess of 110% of the output of the Licensed Plant as
specified in the Process Design Package measured on a monthly basis (e.g., if the output of the Licensed Plant as specified in the Process Design Package is 210,000 gallons per day and in any month the Licensed Plant produces an average of 231,000
gallons per day, for each gallon of Bio-Synfined Renewable Fuel produced in excess of 231,000 gallons the total Running Royalty would be $.05, as adjusted for inflation pursuant to 32(a)). 

 

	35.	“Start-up Date” means the first full calendar day following a five (5) day period, after completion of catalyst pre-treatment and other
preliminary operations, during which the Licensed Plant produces quantities in an amount equal to at least seventy-five percent (75%) of the per-day design production capacity of Bio-Synfined Renewable Fuels from the Licensed Plant averaged
over such five (5) day period as specified in the Process Design Package. 

  

	36.	“Syntroleum” means Syntroleum Corporation, a Delaware corporation having its principal place of business at 5416 South Yale Ave., Tulsa,
Oklahoma 74135, and its successors and assigns. 

  

	37.	“Syntroleum Bio-Synfining Catalysts” means any and all catalysts proprietary to and/or provided by Syntroleum for use in the production of Bio-Synfined
Renewable Fuels. 

  

	38.	“Syntroleum Bio-Synfining Catalyst Information” means, without limit, information relating to any catalyst, catalyst formulation, conditioning
procedure, start-up procedure, regeneration procedure, or performance considered to be proprietary by and to Syntroleum or acquired by Syntroleum which is useful in producing Bio-Synfined Renewable Fuels and which has been used commercially or is
ready for commercial use. Syntroleum Bio-Synfining Catalyst Information will not include any information relating to methods for manufacturing catalysts for use in producing Bio-Synfined Renewable Fuels. 

 

	39.	“Syntroleum Bio-Synfining Catalyst Patent Rights” means all rights with respect to patents and patent applications of all relevant countries to the
extent that the claims cover features or aspects of catalysts useable in producing Bio-Synfined Renewable Fuels and expressly excluding any process operating techniques or apparatus or methods for manufacturing such catalysts, which are acquired by
Syntroleum (with right to sublicense) or are based on inventions conceived by Syntroleum prior to termination of this Agreement; in each case to the extent that, and subject to the terms and conditions, including the obligation to account to and/or
make payments to others, under which Syntroleum has the right to grant licenses, sublicenses, immunities or licensing rights. 

  
 9 

	40.	“Syntroleum Bio-Synfining Patent Rights” means all rights with respect to patents and patent applications of all relevant countries to the extent that
the claims cover features or aspects of producing Bio-Synfined Renewable Fuels (including, without limitation, any operating techniques and apparatus and expressly excluding Syntroleum Bio-Synfining Catalyst Patent Rights) which are acquired by
Syntroleum (with right to sublicense) or are based on inventions conceived by Syntroleum prior to termination of this Agreement; in each case to the extent that, and subject to the terms and conditions, including the obligation to account to and/or
make payments to others, under which Syntroleum has the right to grant licenses, sublicenses, immunities or licensing rights. 

  

	41.	“Syntroleum Bio-Synfining Technical Information” means all unpatented information relating to the production of Bio-Synfined Renewable Fuels
(including, without limitation, operating techniques and apparatus for carrying out the production of Bio-Synfined Renewable Fuels and expressly excluding Syntroleum Bio-Synfining Catalyst Information) which (a) either (i) has been
commercially used or (ii) is in a stage of development suitable for commercial use, and (b) has been made or acquired by Syntroleum (with right to sublicense) prior to the termination of this Agreement; in each case to the extent that, and
subject to, the terms and conditions, including the obligation to account to and/or make payments to others, under which Syntroleum has the right to disclose and grant rights to others. 

 

	42.	“Syntroleum Bio-Synfining Technology” means Syntroleum’s proprietary technology for producing Bio-Synfined Renewable Fuels and includes Syntroleum
Bio-Synfining Technical Information, Syntroleum Bio-Synfining Patent Rights, Syntroleum Bio-Synfining Catalyst Information and Syntroleum Bio-Synfining Catalyst Patent Rights. Syntroleum Bio-Synfining Technology expressly excludes the right to make
or sell Syntroleum Bio-Synfining Catalysts. 

  

	43.	“Technical Services” means any of the following services pertaining to the Licensed Plant that Syntroleum may provide to Licensee under a separate
Technical Services Agreement: 

  

	 	(a)	review of any design information relating to any existing plant facilities; 

 

	 	(b)	review of any re-designs, modifications or other information prepared by Licensee’s engineer; 

 

	 	(c)	review of any information, specifications or drawings received by Licensee from equipment suppliers; 

 

	 	(d)	commissioning or start-up assistance of the Licensed Plant; 

  

	 	(e)	training of Licensee’s operating, maintenance, laboratory or product development personnel; 

  
 10 

	 	(f)	preparing customized, site-specific guidelines for Licensee’s use in drafting its own operating procedures for the Licensed Plant; 

 

	 	(g)	providing product development or customer service assistance; 

  

	 	(h)	performing tests in Syntroleum’s laboratories or production facilities; 

 

	 	(i)	trouble-shooting, maintenance and repair assistance; 

  

	 	(j)	providing any of the services listed on Exhibit C to the Agreement; and 

  

	 	(k)	providing any other services necessary to transfer of the Syntroleum Bio-Synfining Technology to Licensee. 

 

	44.	“Technical Services Agreement” means the Technical Services Agreement that Licensee must enter into with Syntroleum for Syntroleum to provide any
Technical Services for the Licensed Plant or any other technical support whatsoever for the transfer of the Syntroleum Technology to Licensee. 

  

	45.	“Upfront Royalty” means a lump sum royalty calculated by determining the total Running Royalty to be paid on every gallon of Bio-Synfined Renewable
Fuels to be produced (for an existing facility production will be based on recent actual historic production, and for a new facility will be based on a reasonable estimate of its production capacity) from the Licensed Plant during:

  

	 	(a)	the useful life of the Licensed Plant, if at the time of the delivery of the Process Design Package, Syntroleum owns less than a ten percent (10%) ownership
interest, either direct or indirect, in Licensee, or 

  

	 	(b)	the remaining useful life of the Licensed Plant, if Syntroleum, through an event comes to own less than a ten percent (10%) ownership interest, direct or indirect,
in Licensee after the time of the delivery of the Process Design Package of the Licensed Plant, 

 and discounting
such total Running Royalty using a discount rate of ten percent (10%). 
  

	46.	“U.S.” or “US” means the United States of America. 

  
 11 

 Exhibit B 
 to Site License Agreement 
 Fee Schedule for Process Design Package and
Feedstock Qualification 
 In developing the Process Design Package and qualifying any specific type of feedstock for
conversion into Bio-Synfined Renewable Fuels, Syntroleum will invoice Licensee in accordance with the following fee schedule and subject to the following terms and conditions. 

 

					
	Personnel Charges	  	U.S. Dollars per Hour (Base)	 
	 Engineering Project Manager, Technical Director, Manager of Catalyst Technology, Special Products,or Product Upgrading, Specialty
Project Engineer
	  	$	275	  
		
	 Senior Process Engineer, Senior Research Engineer Senior Control Systems
	  	$	220	  
		
	 Engineer, Process Engineer, Technical Service Engineer Research Engineer
	  	$	155	  
		
	 Technical, Draftsman, Operator, Chemist, Instrument Engineer, Laboratory Specialist
	  	$	130	  
		
	 Project Accountant
	  	$	75	  
		
	 Administration assistants
	  	$	40	  

  

	1.	 The above referenced personnel charges may be adjusted by Syntroleum each January 1st. Such adjustment will not exceed the percentage increase in the Consumer Price Index for Urban Wage Earners and
Clerical Workers as published by the U.S. Department of Labor – Bureau of Labor Statistics. 

  

	2.	Licensee will be responsible for paying the above referenced personnel charges for each hour any Syntroleum personnel work on developing the Process Design Package or
qualifying any specific type of feedstock for conversion into Bio-Synfined Renewable Fuels. 

  

	3.	Licensee will be responsible for all of Syntroleum’s costs associated with relocating any of Syntroleum’s personnel to any third party engineering site or
third party feedstock qualification site. These costs will be invoiced to Licensee at Syntroleum’s cost. 

  

	4.	Licensee will be responsible for all of Syntroleum’s costs associated with installing and servicing all information technology services, including printers,
computers and video conferencing, for Syntroleum’s personnel to use at any third party engineering site or third party feedstock qualification site. These costs will be invoiced to Licensee at Syntroleum’s cost. 

	5.	For all business conducted outside of Tulsa, Oklahoma, Licensee will be responsible for all of Syntroleum’s costs associated with travel and living expenses of
Syntroleum’s personnel. These costs will be invoiced to Licensee at Syntroleum’s cost. In addition, Licensee will be responsible for paying the above referenced personnel charges for each hour that any Syntroleum personnel spend traveling,
whether on a weekday or weekend. 

  

	6.	All third party costs, including all costs associated with Syntroleum’s utilization of independent third party engineering contractors or independent third party
feedstock qualification contractors, will be invoiced to Licensee at Syntroleum’s cost. If Syntroleum chooses, it may forward invoices for third party contractors to Licensee for direct payment by Licensee. If Syntroleum forwards a third party
invoice to Licensee in a timely manner for direct payment, Licensee will be responsible for paying such invoice when due. If Syntroleum has forwarded the invoice in a timely manner, and Licensee fails to pay when due, then Licensee will be
responsible for paying any late penalties or fees related to such invoice. 

  

	7.	Copies, phones calls and other general administrative costs will be invoiced at Syntroleum’s cost. 

 

	8.	Syntroleum will prepare and present to Licensee an estimate of the total cost to develop the Process Design Package and/or to qualify any specific type of feedstock for
conversion into Bio-Synfined Renewable Fuels. 

  

	9.	All invoices shall be due and payable within seven (7) days after the receipt thereof by License. All invoices will be accompanied by suitable documentation to
identify the services rendered, summary timesheets, and any relevant receipts and other records substantiating the amounts invoiced. 

  

	10.	Syntroleum’s internal laboratory costs will be invoiced to Licensee at Syntroleum’s cost. Any external laboratory costs will be invoiced to Licensee in
accordance with item 6 above. 

 Exhibit C 
 to Site License Agreement 
 List of Technical Services 

Below is a list of Technical Services that Syntroleum can provide to Licensee under a separate Technical Service Agreement. 

 

	1.	Plant design review and recommendation; 

  

	2.	Engineering design review; 

  

	3.	Equipment and vendor recommendation; 

  

	4.	Preparation of guidelines for operating procedures; 

  

	5.	Operating procedure review; 

  

	6.	Lab and quality control manuals; 

  

	7.	Training at Syntroleum facilities; 

  

	8.	Syntroleum training personnel; 

  

	9.	Syntroleum management, administration and support; 

  

	10.	Training manuals and aids; 

  

	11.	Training instruction rooms; 

  

	12.	Office space, furnishings and supplies for trainees; 

  

	13.	Safety equipment for trainees; 

  

	14.	Commissioning and start-up assistance and training; 

  

	15.	Operational plant design review and troubleshooting assistance; 

  

	16.	Catalyst quality assurance and quality control support; and 

  

	17.	Catalyst purchase support. 

 Exhibit D 
 to Site License Agreement 
 Process Guarantee 

Intentionally Omitted 

 Exhibit E 
 To Site License Agreement 
 List of Syntroleum Competitors 

 

	1.	Sasol 

  

	2.	ExxonMobil 

  

	3.	Rentech 

  

	4.	Shell 

  

	5.	UOP 

  

	6.	Neste 

  

	7.	British Petroleum 

  

	8.	ConocoPhillips 

  

	9.	Changing World Technology 

  

	10.	Ben Gurion University 

 Exhibit F 
 to Site License Agreement 
 Catalyst Sales Agreement 

Intentionally Omitted 

 Exhibit G 
 to Site License Agreement 
 Service Agreement 

Intentionally Omitted 

 Exhibit 2 
 Amendment to the Sales Agreement 

  
 9 

			
	

	  	

 Andrew Rojeski 

Vice President Renewable Fuels 
 Tyson Foods

 2210 Don Tyson Parkway 
 Springdale,
AR 72762 
 General Counsel 
 Tyson
Foods 
 2210 Don Tyson Parkway 

Springdale, AR 72762 
 RE: First Amendment to
Sales Agreement Dated June 22, 2007 
 Dear Mr. Rojeski: 
 This letter is being sent to formalize in writing the mutual agreement of Dynamic Fuels LLC (“Buyer”) and Tyson Foods (“Seller”), to amend the Sales Agreement dated June 22, 2007
(“Agreement”) between the parties. Specifically, the parties have mutually agreed to modify in Section 1, the definition of “Service Charge”, and delete it in its entirety and replace such definition with the following:

 “Service Charge” shall mean (i) $0.0033 per pound of Approved Bio-Feedstock produced by Seller
or an Affiliate of Seller or sourced from a Third Party and delivered to the Plant, and (ii) an incremental $0.01 per pound of Approved Bio-Feedstock, up to a cumulative total of 1.1 billion pounds, beginning the date of acceptance below, for
any Approved Bio-Feedstocks except Inedible Tallow, Technical Tallow, Edible Tallow, Soy Bean Oil and the Jacob Stern Blend (for purposes of this provision, these five Approved Feedstocks are referred to as a Listed Approved Bio-Feedstock); unless
at the time of purchase the delivered price of a Listed Approved Bio-Feedstock is equal to or lower than the delivered price of all other commercially available (i.e. at the time of order volume is available for the relevant delivery period as
determined by Tyson) Approved Bio-Feedstock that is not a Listed Approved Bio-Feedstock, and (iii) an incremental $0.0033 per pound of Approved Bio-Feedstock produced by Seller or an Affiliate of Seller or sourced from a Third Party and
delivered to the Plant for each Gallon of renewable fuel produced at the Plant in excess of 110% of the Plant’s design production capacity measured on a monthly basis (e.g., for each Gallon of renewable fuel produced in excess of 110% of the
Plant’s design production capacity, the total Service Charge would be $0.0066, and if the provisions of subpart (ii) apply the total Service Charge would be $0.0166), in each case adjusted annually from and after the year following the
commencement of Commercial Operations using the BLS. 
 Dynamic Fuels, LLC, PO Box 599, 36187 Highway 30, Geismar, LA. 70734,
225-744-1300 

			
	

	  	

 If the terms of this letter Agreement are acceptable to Seller, please acknowledge by signing below. Upon Seller’s
acknowledgement of this letter agreement, as signed by Buyer, this letter shall be binding upon both parties as of June 25, 2012. If you have any questions, please feel free to contact me at 1-918-764-3490. 

 

	
	Best Regards,
	
	Jeffrey M. Bigger
	Director

 The terms of this letter agreement are acceptable to Tyson Foods, and the first amendment to the Agreement, as specified
herein, will be binding upon Tyson Foods. 
  

	
	Signature: /s/ Andrew Rojeski
	
	Name: Andrew Rojeski
	
	Title: Vice President
	
	Date: June 27, 2012

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