Document:

Exhibit 10.04

 

EXECUTION VERSION

 

CREDIT AGREEMENT 

This CREDIT AGREEMENT, dated as of April
8, 2019 (as amended, modified or supplemented from time to time, this “Agreement”), is entered into by and between
AMYRIS, INC., a Delaware corporation (the “Company”), and Foris
Ventures, LLC, a Delaware limited liability company (the “Lender”).

 

RECITALS

    A.  Subject to the terms
and conditions hereof, the Lender has agreed to purchase from the Company, and the Company has agreed to sell to the Lender, an
unsecured promissory note (the “Note”) having an aggregate principal amount of Eight Million Dollars ($8,000,000).

AGREEMENT 

    NOW THEREFORE, in consideration
of the representations, warranties, and conditions set forth below, the parties hereto, intending to be legally bound, hereby agree
as follows:

    1.  Purchase and Sale of the
Note.  

 

		(a)	Purchase and Sale. The sale and purchase of the Note shall take place at such place and
time as the Company and the Lender may determine, but in no event later than April 12, 2019 (the “Closing”).
At the Closing, the Company will deliver to the Lender the Note, against receipt by the Company of Eight Million Dollars ($8,000,000)
in immediately available funds. The Note will be registered in the Lender’s name in the Company’s records.

 

		(b)	Subordination. The Note shall be subordinated in right of payment to that certain Tranche
II Senior Convertible Note issued on January 15, 2014 by the Company to Wolverine Flagship Fund Trading Limited (the “Senior
Debt”). For the avoidance of doubt, the Lender will not demand or receive from the Company (and the Company will not
pay to the Lender) all or any part of the Note, by way of payment, prepayment, setoff, lawsuit or otherwise, nor will the Lender
commence, or cause to commence, prosecute or participate in any administrative, legal or equitable action against the Company,
for so long as any portion of the Senior Debt (other than any contingent obligations for which no claim has been asserted) remains
outstanding; provided, however, that if a proceeding has been commenced by or against the Company, the Lender may file a claim
or statement of interest with respect to the Note, the Lender may file any necessary responsive or defensive pleadings in opposition
to any motion, claim, adversary proceeding, or other pleading made by any person objecting to or otherwise seeking the disallowance
of the claims of the Lender, vote on any plan of reorganization and make any filings and motions that are, in each case, not in
contravention of the provisions of this Agreement, with respect to the Note, and the Lender may exercise any rights or remedies
as unsecured creditors against the Company so long as doing so is not, directly or indirectly, inconsistent with, or in violation
of, the terms of this provision.

   2.  Representations and Warranties
of the Company.  The Company represents and warrants to the Lender as of the date hereof and as of the Closing
that:

 

     

     

    
		(a)	Due Incorporation, Qualification, etc.  The Company (i) is a corporation
duly organized, validly existing and in good standing under the laws of Delaware; (ii) has the power and authority to own,
lease and operate its properties and carry on its business as now conducted; and (iii) is duly qualified, licensed to do business
and in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified or licensed could reasonably
be expected to have a Material Adverse Effect.

		(b)	Authority.  The execution, delivery and performance by the Company of this Agreement
and the Note and the consummation by the Company of the transactions contemplated hereby and thereby have been duly authorized
by all necessary corporate actions on the part of the Company.

		(c)	Enforceability.  This Agreement and the Note have been duly executed and delivered
by the Company and constitute a legal, valid and binding obligation of the Company, enforceable against the Company in accordance
with its respective terms, except in each case as may be limited by bankruptcy, insolvency or other laws of general application
relating to or affecting the enforcement of creditors’ rights generally and general principles of equity.

		(d)	Non-Contravention.  The execution and delivery by the Company of this Agreement
and the Note and the performance and consummation by the Company of the transactions contemplated hereby and thereby do not and
will not (i) violate the certificate of incorporation or bylaws of the Company or any judgment, order, writ, decree, statute,
rule or regulation applicable to the Company; (ii) violate any provision of, or result in the breach or the acceleration
of, or entitle any other Person to accelerate (whether after the giving of notice or lapse of time or both), any mortgage, indenture,
agreement, instrument or contract to which the Company is a party or by which it is bound except to the extent such violation,
breach or acceleration could not reasonably be expected to result in a Material Adverse Effect; or (iii) result in the creation
or imposition of any lien upon any property, asset or revenue of the Company or the suspension, revocation, impairment, forfeiture,
or nonrenewal of any permit, license, authorization or approval applicable to the Company, its business or operations, or any of
its assets or properties except to the extent such suspension, revocation, impairment, forfeiture or nonrenewal could not reasonably
be expected to have a Material Adverse Effect. The Company is not in breach of any mortgage, indenture, agreement, instrument or
contract to which the Company is a party or by which it is bound except to the extent such violation, breach or acceleration could
not reasonably be expected to result in a Material Adverse Effect.

		(e)	Approvals.  No consent, approval, order or authorization of, or registration, declaration
or filing with, any governmental authority or other Person is required in connection with the execution and delivery by the Company
of this Agreement and the Note and the performance and consummation by the Company of the transactions contemplated hereby and
thereby, except for those already obtained or those that will be obtained prior to the Closing.

		(f)	Tax Returns and Payments. The Company has timely filed all required tax returns and
reports, and the Company has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed
by the Company except to the extent such taxes are being contested in good faith by appropriate proceedings promptly instituted
and diligently conducted, so long as such reserve or other appropriate provision, if any, as shall be required in conformity with
GAAP shall have been made therefor.

    	 	2	 

     

    
		(g)	Litigation. There are no actions or proceedings pending or threatened in writing by or against
the Company except for such actions or proceedings that, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect.

		(h)	Full Disclosure.  No written representation, warranty or other statement of the Company
in any certificate or written statement given to Lender by the Company in connection with this Agreement or the Note, as of the
date such representation, warranty, or other statement was made, contains any untrue statement of a material fact or omits to state
a material fact necessary to make the statements contained in the certificates or written statements not misleading in light of
the circumstances under which they were made.

   3.  Representations and Warranties
of the Lender.  The Lender represents and warrants to the Company as of the date hereof and as of the Closing
that:

		(a)	Due Incorporation, Qualification, etc.  The Lender (i) is a limited liability
company duly organized, validly existing and in good standing under the laws of Delaware; and (ii) has all requisite power
to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement.

		(b)	Authority.  The execution, delivery and performance by the Lender of this Agreement
and the consummation by the Company of the transactions contemplated hereby and thereby have been duly authorized by all necessary
corporate actions on the part of the Lender.

		(c)	Enforceability.  The Lender has full legal capacity, power and authority to execute
and deliver this Agreement and to perform its obligations hereunder. This Agreement is a valid and binding obligation of the Lender,
enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating
to or affecting the enforcement of creditors’ rights generally and general principles of equity.

		(d)	Securities Law Compliance.   The Lender is purchasing the Note for its own account
for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof.
Lender has received or has had full access to all of the information necessary and appropriate to make an informed investment decision.
The Lender is an accredited investor as such term is defined in Rule 501 of Regulation D under the Securities Act. The
Lender acknowledges that it can bear the economic risk of the investment the Note.

		(e)	Approvals. No consent, approval, order or authorization of, or registration, declaration
or filing with, any governmental authority or other Person is required in connection with the execution and delivery by the Lender
of this Agreement and the performance and consummation by the Lender of the transactions contemplated hereby and thereby, except
for those already obtained.

		(f)	Non-Contravention.  The execution and delivery by the Lender of this Agreement
and the performance and consummation by the Lender of the transactions contemplated hereby do not and will not (i) violate
the organizational documents of the Lender or any judgment, order, writ, decree, statute, rule or regulation applicable to
the Lender; or (ii) violate any agreement to which the Company is a party or by which it is bound.

    	 	3	 

     

    

    4.  Conditions to Obligations
of the Lender.  The Lender’s obligations hereunder are subject to the fulfillment, on or prior to the Closing,
of all of the following conditions, any of which may be waived in whole or in part by the Lender:

 

		(a)	Representations and Warranties.  The representations and warranties made by the
Company in Section 2 hereof shall have been true and correct when made, and shall be true and correct as of the Closing.

		(b)	Governmental Approvals and Filings.  The Company shall have obtained all governmental
approvals required in connection with the sale and issuance of the Note.

		(c)	Legal Requirements.  At the Closing, the sale and issuance by the Company, and
the purchase by the Lender, of the Note shall be legally permitted by all laws and regulations to which the Lender or the Company
is subject.

 

		(d)	Transaction Documents.  The Company shall have duly executed and delivered to
the Lender this Agreement and the Note.

    5.  Conditions to Obligations of the Company.  The
Company’s obligations hereunder are subject to the fulfillment, on or prior to the Closing, of all of the following conditions,
any of which may be waived in whole or in part by the Company:

		(a)	Representations and Warranties.  The representations and warranties made by the Lender in Section 3 hereof
shall be true and correct when made, and shall be true and correct as of the Closing.

		(b)	Governmental Approvals and Filings.  The Lender shall have obtained all governmental
approvals required in connection with the sale and issuance of the Note.

		(c)	Legal Requirements.  At the Closing, the sale and issuance by the Company, and
the purchase by the Lender, of the Note shall be legally permitted by all laws and regulations to which the Lender or the Company
are subject.

		(d)	Purchase Price.  The Lender shall have delivered to the Company eight million dollars ($8,000,000) in immediately
available funds.

    6.   Definitions.  As
used in this Agreement, the following capitalized terms have the following meanings:

“Material
Adverse Effect” means a material adverse effect, individually or in the aggregate, upon the business, properties, tangible
and intangible assets, liabilities, operations, prospects, financial condition or results of operation of the Company or the ability
of the Company to perform its obligations under this Agreement.

“Obligations”
means all loans, advances, debts, liabilities and obligations, howsoever arising, owed by the Company to the Lender under the Note of
every kind and description (whether or not evidenced by any note or instrument and whether or not for the payment of money), now
existing or hereafter arising under or pursuant to the terms of the Note, including all principal, interest, fees, charges, expenses,
attorneys’ fees and costs and accountants’ fees and costs chargeable to and payable by the Company thereunder, in each
case, whether direct or indirect, absolute or contingent, due or to become due, and whether or not arising after the commencement
of a proceeding under Title 11 of the United States Code (11 U.S.C. Section 101 et seq.), as amended from time
to time (including post-petition interest) and whether or not allowed or allowable as a claim in any such proceeding.

    	 	4	 

     

    

“Person” shall
mean and include an individual, a partnership, a corporation (including a business trust), a joint stock company, a limited liability
company, an unincorporated association, a joint venture or other entity or a governmental authority.

    7.  Miscellaneous.  

		(a)	Waivers and Amendments.  Any provision of this Agreement may be amended, waived
or modified only upon the written consent of the Company and the Lender.

		(b)	Governing Law.  This Agreement and all actions arising out of or in connection
with this Agreement shall be governed by and construed in accordance with the laws of the State of California, without regard to
the conflicts of law provisions of the State of California.

		(c)	Survival.  The representations, warranties, covenants and agreements made herein shall survive the execution
and delivery of this Agreement.

		(d)	Successors and Assigns.  Subject to the restrictions on transfer described in
Sections 7(e) below, the rights and obligations of the Company and the Lender hereunder and under the Notes shall be binding
upon and inure to the benefit of the successors, assigns, heirs, administrators and transferees of the parties.

		(e)	Assignment by the Company; Assignment by the Lender.  Neither this Agreement nor
the Note nor any of the rights, interests or obligations hereunder or thereunder may be assigned, by operation of law or otherwise,
in whole or in part, by the Company without the prior written consent of the Lender. The Lender will not assign, by operation of
law or otherwise, this Agreement or the Note or any of its rights, interests or obligations hereunder or thereunder without the
prior written consent of the Company.

		(f)	Entire Agreement.  This Agreement and with the Note constitute the full and entire
understanding and agreement between the parties relating to the subject matter hereof and thereof and supersede any previous written
or verbal agreements between the parties with regard to the subject matter hereof and thereof.

		(g)	Notices.  Any notice, request or other communication required or permitted hereunder shall be in writing and
shall be deemed to have been duly given if delivered personally or by commercial delivery service, or sent via telecopy (receipt
confirmed) to the parties at the following addresses or telecopy numbers (or at such other address or telecopy numbers for a party
as shall be specified by like notice):

If to the Company, to:

Amyris, Inc.

5885 Hollis St., Ste. 100

Emeryville, CA 94608

Attention: General Counsel

    	 	5	 

     

    

If to the Lender, to:

Foris Ventures, LLC

Attention:

JEMA Management LLC

751 Laurel St. #717

San Carlos, CA 94070-3113

 

		(h)	Severability of this Agreement.  If any provision of this Agreement shall be judicially
determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall
not in any way be affected or impaired thereby.

		(i)	Counterparts.  This Agreement may be executed in any number of counterparts, each
of which shall be an original, but all of which together shall be deemed to constitute one instrument.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

 

    	 	6	 

     

    

IN WITNESS WHEREOF, the parties
have caused this Agreement to be duly executed and delivered by their proper and duly authorized officers as of the date and year
first written above.

	 	 	
         

        COMPANY:

	 	 	

AMYRIS, INC.
	 	 	

By:	 	

    /s/ Kathleen Valiasek ____
	 	 	Name:	 	Kathleen Valiasek
	 	 	Title:	 	Chief Financial Officer
	 	 	 
	 	 	

                                                   LENDER:

	 	 	 
	 	 	FORIS VENTURES, LLC
	 	 	

By:	 	

    /s/ Barbara Hager___________
	 	 	Name:	 	 Barbara Hager_____________
	 	 	Title:	 	 Manager__________________Exhibit 10.05

 

LOAN PURCHASE AGREEMENT 

This Loan Purchase Agreement (“Agreement”),
dated as of April 15, 2019 (the “Effective Date”), between GACP Finance Co., LLC., a Delaware limited liability
company (the “Seller”), Foris Ventures, LLC, a Delaware limited liability company (the “Purchaser”)
and Borrower (as defined below), solely for purposes of Sections 3.03 and 4.03.

 

 

RECITALS 

A. The Seller has extended credit (the
“Loan”) to Borrower in the original principal amount of Thirty-Six Million Dollars ($36,000,000.00) pursuant
to that certain Loan and Security Agreement, dated as of June 29, 2018, as modified by that certain First Modification Agreement,
effective as of June 29, 2018 and as amended pursuant to that certain Amendment No 1 to Loan Agreement, effective as of August
24, 2018, that certain Amendment No 2 to Loan Agreement, effective as of September 30, 2018, that certain Amendment No 3 to Loan
Agreement, effective as of December 14, 2018 and that certain Amendment No 4 to Loan Agreement (“Amendment No 4”),
effective as of April 4, 2019 (the “Loan Agreement”), each by and among by Amyris, Inc., a Delaware corporation
(“Parent”), each “Subsidiary Guarantor” party thereto (together with Parent, “Borrower”),
the several banks and other financial institutions or entities from time to time parties thereto (collectively, referred to as
“Lender”) and Seller, in its capacity as administrative agent for itself and the Lender (in such capacity, the
“Agent”) and evidenced by that certain Secured Term Promissory Note, dated as of June 29, 2018, by Borrower
in favor of Seller (the Note, and together with the Loan Agreement and the following documents, the “Loan Documents”):

(i) Joinder Agreement, dated June 29, 2018, by and between Amyris Fuels, LLC,
a Delaware limited liability company (“Fuels”), and Seller;

(ii) Joinder Agreement, dated October 2, 2018, by and between Amyris Clean Beauty
LLC, a Delaware limited liability company (“Clean Beauty”), and Seller;

 

(iii) Joinder Agreement, dated February 8, 2019, by and
between AB Technologies LLC, a Delaware limited liability company (“AB Tech”), and Seller;

(iv) Amended and Restated Fee Letter, dated November 14, 2018, by and between
Borrower and Seller;

(v) Grant of Patent Security Interest, dated June 29, 2018, by Parent in favor
of and Seller;

(vi) Grant of Patent Security Interest, dated June 29, 2018, by Fuels in favor of
and Seller;

 

     

     

    

(vii) Grant of Trademark Security Interest, dated June
29, 2018, by Parent in favor of and Seller;

(xviii) Grant of Trademark Security Interest, dated June
29, 2018, by Fuels in favor of and Seller;

(ix) Grant of Copyright Security Interest, dated June 29, 2018, by Parent in
favor of and Seller;

(x) Grant of Copyright Security Interest, dated June 29, 2018, by Fuels in
favor of and Seller;

(xi) Pledge Agreement, dated June 29, 2018, by and between Borrower and Seller, as
amended by Amendment No. 1 to Pledge Agreement dated October 2, 2018,

 

(xii) Joinder Agreement to Pledge Agreement, dated February
8, 2019, by and between Clean Beauty and Seller;

(xiii) Joinder Agreement to Pledge Agreement, dated February
8, 2019, by and between AB Tech and Seller;

(xiv) Notice of Pledge Agreement by Parent, dated June
29, 2018, in respect of AB Tech;

(xv) Notice of Pledge Agreement by Parent, dated June
29, 2018, in respect of Amyris Bio Products Portugal, Unipessoal, LDA;

(xxii) Notice of Pledge Agreement by Parent, dated June
29, 2018, in respect of Fuels;

(xvi) Notice of Pledge Agreement by Parent, dated June
29, 2018, in respect of SMA Industria Quimica LTDA;

(xvii) Notice of Pledge Agreement by Parent, dated October
2, 2018, in respect of Clean Beauty;

(xviii) Notice of Pledge Agreement by Parent, dated February
8, 2019, in respect of Amyris Brotas Fermentacao de Performance Ltda.

(xix) Notice of Pledge Agreement by AB Tech, dated February
8, 2019, in respect of Amyris Brotas Fermentacao de Performance Ltda.

(xx) Notice of Pledge Agreement by Clean Beauty, dated
February 8, 2019, in respect of Amyris Biossance do Brasil Comercio de Cosmeticos Ltda.

(xxi) Notice of Pledge Agreement by AB Tech, dated February
8, 2019, in respect of Amyris Biossance do Brasil Comercio de Cosmeticos Ltda.

     

     

    

(xxii) Notice of Pledge Agreement by AB Tech, dated February
8, 2019, in respect of Amyris Biotechnologia do Brasil Ltda.

(xxiii) Irrevocable Proxy Coupled with Interest, dated
June 29, 2018, by Parent in respect of AB Tech;

(xxiv) Irrevocable Proxy Coupled with Interest, dated
June 29, 2018, by Parent in respect of Amyris Bio Products Portugal, Unipessoal, LDA;

(xxv) Irrevocable Proxy Coupled with Interest, dated June
29, 2018, by Parent in respect of Fuels;

(xxvi) Irrevocable Proxy Coupled with Interest, dated
June 29, 2018, by Parent in respect of SMA Industria Quimica LTDA;

(xxvii) Irrevocable Proxy Coupled with Interest, dated
October 2, 2018, by Parent in respect of Clean Beauty;

(xxviii)Irrevocable Proxy Coupled with Interest, dated
February 8, 2019, by Clean Beauty in respect of Amyris Biossance do Brasil Comercio de Cosmeticos Ltda;

(xxxix) Irrevocable Proxy Coupled with Interest, dated
February 8, 2019, by AB Tech in respect of Amyris Biossance do Brasil Comercio de Cosmeticos Ltda;

(xl) Irrevocable Proxy Couple with Interest, dated February
8, 2019, by AB Tech in respect of Amyris Biotechnologia do Brasil Ltda;

(xli) Irrevocable Proxy Couple with Interest, dated February
8, 2019, by AB Tech in respect of Amyris Brotas Fermentacao de Performance Ltda.

(xlii) Irrevocable Proxy Couple with Interest, dated February
8, 2019, by Parent in respect of Amyris Brotas Fermentacao de Performance Ltda.

(xliii) UCC 1 Financing Statement naming Amyris, Inc.
as Debtor and Assignor as Secured Party, filed with the Delaware Secretary of State, file number 2018 4480998, file date June 29,
2018, as amended by UCC 3 Financing Statement naming Amyris, Inc. as Debtor and Assignor as Secured Party, filed with the Delaware
Secretary of State, file number 2018 8186262, file date December 17, 2018;

(xliv) UCC 1 Financing Statement naming Amyris Fuels,
LLC as Debtor and Assignor as Secured Party, filed with the Delaware Secretary of State, file number 2018 4481145, file date June
29, 2018;

(xlv) UCC 1 Financing Statement naming Amyris Clean Beauty LLC
as Debtor and Assignor as Secured Party, filed with the Delaware Secretary of State, file number 2018 6821769, file date October
3, 2018;

     

     

    

(xlvi) UCC 1 Financing Statement naming AB Technologies
LLC as Debtor and Assignor as Secured Party, filed with the Delaware Secretary of State, file number 2019 1279475, file date February
22, 2019;

(xlvii) Deposit Account Control Agreement effective as
July 6, 2018, between Seller, Parent and Bank of the West (“Parent Control Agreement”);

(xlviii) Deposit Account Control Agreement effective as
July 8, 2018, between Seller, Fuels and Bank of the West (“Fuels Control Agreement” and together with the Parent
Control Agreement, the (“Control Agreements”); and

(xlix) all other notices, certificates, agreements, instruments
or other documents entered into in connection with the Note, the Loan Agreement or any of the foregoing.

B. The Purchaser has agreed to purchase
from the Seller, and the Seller has agreed to sell to Purchaser, the Loan and all documents and assets related thereto, on the
terms and conditions set forth in this Agreement.

NOW THEREFORE, in consideration of the premises
and mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Purchaser and the Seller hereby agree as follows:

 

ARTICLE I -TERMS OF PURCHASE AND SALE 

Section 1.01 Agreement to Purchase.
Subject to the terms and conditions set forth in this Agreement, on the Closing Date (defined below), the Purchaser hereby agrees
to purchase, and the Seller hereby agrees to irrevocably sell, all right, title and interest of the Seller in (a) the Loan, (b)
the Loan Documents, (c) all existing collateral for the Loan, including the Collateral (as defined in the Loan Agreement), (d)
all of the Seller’s rights and obligations as the “Agent” and a “Lender” (or similar defined term)
under the Loan Agreement and the other Loan Documents and any other documents or instruments delivered pursuant thereto to the
extent related to, (e) to the extent permitted by applicable law, all suits, claims, causes of action and any other right of the
Seller against any Person, whether known or unknown, arising under or with respect to the Loan Agreement, any other Loan Document,
any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or otherwise based on or
related to any of the foregoing, including, but not limited to, contract claims, statutory claims, tort claims, malpractice claims
and all other claims at law or in equity with respect to the rights and obligations sold and assigned pursuant to this Agreement
and (f) all future claims against Borrower or other persons liable for the repayment of the Loan or the performance of the Borrower’s
obligations under the Loan, including, without limitation, any guarantor. In addition, any and all tax and insurance escrows or
reserves held by the Seller on account of the Loan as of the Closing Date shall be transferred to the Purchaser as of the Closing
Date.

Section 1.02 Purchase Price. The total purchase
price which Purchaser agrees to pay for the Loan and related assets set forth in Section 1.01 hereof is $38,841,416.67 (the “Purchase
Price”), payable as follows:

     

     

    

(a) No later than 5:00 p.m. (Pacific
Standard Time) on the Closing Date, Purchaser shall deliver $38,445,500.00, in respect of the following:

	Principal:	$36,000,000.00 
	Accrued and unpaid interest:	$292,500.00 
	Make-Whole payment:	$1,073,000.00 
	Prepayment fee:	$1,080,000.00 

to the Seller by wire transfer of immediately available funds to the account set forth
below:

City National Bank

555 South Flower Street

Los Angeles, CA 90071

ABA

Acct #

Acct Name

 

(b) No later than 5:00 p.m. (Pacific Standard Time) on the Closing Date,
Purchaser shall deliver $65,000.00 in respect of outstanding invoices and fees related to the Loan Documents by wire transfer of
immediately available funds to the account set forth below:

 

JPMorgan Chase Bank N.A.

201 N. Central Avenue

Phoenix, AZ 85004

ABA

Acct #

Acct Name

Reference

 

(c) No later than 5:00 p.m. (Pacific Standard Time) on the Closing Date,
Purchaser shall deliver $30,500.00 in respect of outstanding invoices for intellectual property appraisal work completed through
March 18, 2019 by wire transfer of immediately available funds to the account set forth below:

 

Wells Fargo Bank, N.A.

21255 Burbank Blvd.

Woodland Hills, CA 91367

ABA

Acct #

Acct Name

Reference

 

Section 1.03 Closing. The closing of the purchase contemplated
by this Agreement will be conducted either (i) by telephone, confirmed by letter, facsimile or wire as the

     

     

    

parties may agree, or (ii) conducted in person, at such place as the parties agree
at 10:00 a.m. Pacific Standard Time on April 15, 2019, or such earlier date as may be mutually acceptable to the Seller and the
Purchaser (the “Closing Date”).

Section 1.04 Sale of Loan. Simultaneously
with the payment of the Purchase Price by the Purchaser on the Closing Date, Seller will irrevocably sell, assign, transfer and
convey to the Purchaser on the Closing Date, and the Purchaser will purchase, assume and accept on the Closing Date, all rights,
title, interests and obligations of the Seller, as of the Closing Date, in, to and under the Loan, the Loan Documents, all existing
collateral for the Loan, including the Collateral (as defined by the Loan Agreement, all of the Seller’s rights and obligations
as the “Agent” and a “Lender” (or similar defined term) under the Loan Agreement and the other Loan Documents
and any other documents or instruments delivered pursuant thereto to the extent related to, to the extent permitted by applicable
law, all suits, claims, causes of action and any other right of the Seller against any Person, whether known or unknown, arising
under or with respect to the Loan Agreement, any other Loan Document, any other documents or instruments delivered pursuant thereto
or the loan transactions governed thereby or otherwise based on or related to any of the foregoing, including, but not limited
to, contract claims, statutory claims, tort claims, malpractice claims and all other claims at law or in equity with respect to
the rights and obligations sold and assigned pursuant to this Agreement and all future claims against any Borrower or other persons
liable for the repayment of the Loan or the performance of the Borrower’s obligations under the Loan, including, without
limitation, any guarantor, and in connection therewith, the Seller shall execute and deliver to the Purchaser such documents as
may be required to transfer all of Seller’s interest in the Loan to Purchaser, including, without limitation, the Closing
Documents listed in Section 2.02 below. It is understood and agreed that Purchaser is not assuming, and will not be liable for,
any liabilities or obligations or actions or inactions of Seller with respect to any Loan or Loan Document with respect to any
period of time prior to the Closing Date.

ARTICLE II -CLOSING 

Section 2.01 Closing Conditions.
The obligation of the Purchaser to purchase the Loan shall be subject to satisfaction of the following conditions on or before
the Closing Date, any of which may be waived by the Purchaser in its sole and absolute discretion:

(a) the Purchaser shall have received, or the Purchaser’s
attorneys shall have received in escrow, all Closing Documents as specified in Section 2.02 hereof, in such forms as are required
under this Agreement, duly executed by all signatories, and all other terms, covenants and conditions of this Agreement shall have
been satisfied; and

 

(b) each of the representations and warranties of the Seller
contained in this Agreement shall be true, complete and correct as of the Effective Date and as of the Closing Date.

     

     

    

Section 2.02 Closing Documents.

(a) The closing documents for the Loan to be purchased
on the Closing Date shall consist of fully executed originals (unless otherwise indicated) of the following documents (the “Closing
Documents”):

(i) the Note and all intervening allonges and assignments necessary to evidence
a complete chain of title to the Note;

(ii) an Allonge in the form attached as Exhibit A for the Note;

(iii) an Assignment of Note and Ancillary Security Documents in the form
attached as Exhibit B for the Loan; and

(iv) the Loan Documents.

(b) The parties hereto agree that each shall, at its
own expense, at any time and from time to time after the Closing Date, upon the other’s request, do, execute, acknowledge,
and deliver all such further acts and assignments as may be reasonably requested to carry out the purchase and sale of the Loan
and assignment of rights and obligations thereunder as contemplated by this Agreement. Seller agrees and consents to the Purchaser
filing, on Seller’s behalf, appropriate documentation, including any UCC-3 filings, to properly amend or assign all outstanding
UCC financing statements related to the Loan.

(c) Seller hereby covenants and agrees, and Purchaser hereby
authorizes and directs Seller, at any time and from time to time after the Closing Date, to (i) release any dominion and/or control
it has noticed under the terms of either of the Control Agreements prior to the Closing Date and (ii) prior to such release becoming
effective under such Control Agreements, provide prompt instructions to Bank (as defined in the applicable Control Agreement) concerning
the Account (as defined in the applicable Control Agreement) in accordance with written instructions provided by Purchaser to Seller,
which written instructions may be delivered by email pursuant to Section 5.04 of this Agreement.

 

(d) Seller
hereby covenants and agrees that if an original copy of the Note should ever come into the Seller’s possession, custody
or power, the Seller will promptly, and without consideration, deliver such original copy of the Note to Purchaser, together with
an Allonge in the form attached as Exhibit A for such Note.

 

ARTICLE III -DUE DILIGENCE/ PURCHASER’S ACKNOWLEDGMENT

Section 3.01 Representations and Warranties
of Seller. The Seller represents, warrants and covenants to the Purchaser, as of the Effective Date and the Closing Date, as
follows:

(a) Due Organization. The Seller
is a Delaware Limited liability company, validly existing and in good standing under the laws of the State of Delaware.

     

     

    

(b) Authority. The Seller
has the full right and authority to sell, assign and transfer the Loan and Loan Documents to the Purchaser, and that the Seller
has the full authority to execute, deliver and perform this Agreement and all of the transactions contemplated hereby. The Seller
has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement,
and, assuming due authorization, execution and delivery by the Purchaser, this Agreement constitutes a legal, valid and binding
obligation of the Seller, enforceable against it in accordance with its terms except to the extent that (i) the enforceability
thereof may be limited by federal or state bankruptcy, insolvency, moratorium, receivership and other similar laws relating to
creditors’ rights generally and (ii) the remedy of specific performance and injunctive and other forms of equitable relief
may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefore may be brought.
No notice to or consent of any third party is required by Seller in connection with the sale of Loan or the Loan Documents by Seller
to Purchaser hereunder, except as those that have already been obtained.

(c) No Conflicts. Neither
the execution and delivery of this Agreement by the Seller nor the Seller’s performance of and compliance with the terms
of this Agreement will conflict with the Seller’s governing documents or constitute a default under, or result in a breach
or acceleration of, any of the Loan Documents or any other material contract, agreement or other instrument to which the Seller
is a party or which may be applicable to the Seller or its assets or result in the violation of any law, rule or regulation to
which the Seller or any of its properties are subject.

(d) No Violation of Court Order.
The Seller is not in violation of, and the execution and delivery of this Agreement by the Seller and its performance and compliance
with the terms of this Agreement will not constitute a violation with respect to, any order, judgment, injunction or decree of
any court or any order or regulation of any federal, state, municipal or governmental agency or regulatory authority having jurisdiction
over the Seller or its assets, which violation might have consequences that would materially and adversely affect the financial
condition or the operation of the Seller or its assets or might have consequences that would materially and adversely affect the
performance of its obligations and duties hereunder.

(e) No Consent. No consent,
approval, authorization or order of, or filing or registration with, any state or federal court or governmental or regulatory agency
or body is required for the consummation by the Seller of the transactions contemplated herein other than those consents, approvals,
authorizations or orders already obtained by Seller and copies of which have been provided to the Purchaser.

(f) Ownership. Seller represents
and warrants to the Purchaser that the Seller is the legal and beneficial owner of the Loan and Loan Documents, that the Seller
has not transferred, assigned or hypothecated its interest in the Loan or Loan Documents, that the Seller is the sole owner of
the Loan and Loan Documents free and clear of any ownership, security or participation interest in the Loan in favor of any other
person. Upon the payment of the Purchase Price by the Purchaser, the Purchaser will own the Loan and the Loan Documents free and
clear of any lien, encumbrance, security interest,

     

     

    

pledge, charge or claim. The Loan does not constitute all
or substantially all of the assets of the Seller.

 

(g) No Release. The liens on the
Loan have not been satisfied, canceled, subordinated or rescinded, in whole or in part, and all collateral with respect to the
Loan has not been released from the lien, in whole or in part, nor has any instrument been executed that would effect any such
satisfaction, cancellation, subordination, rescission or release.

 

(h) Bankruptcy. Seller (i) is not
currently insolvent, nor will Seller be rendered insolvent by virtue of making the payments required hereunder, (ii) has no present
intent to file any voluntary petition in bankruptcy under any Chapter of the Bankruptcy Code, (iii) has no present intent to seek
relief, protection, reorganization, liquidation, dissolution or similar relief for debtors under any federal, state or local law
or in equity, and (iv) has no present intent to cause the Loan or the Loan Documents to be the subject of or attached in connection
with any bankruptcy or insolvency proceedings or the property of any bankruptcy or insolvency estate.

 

(i) Obligations. The present unpaid
balance of the Obligations as of April 15, 2019 is as set forth in Section 1.02(a) above.

 

(j) Loan Documents. Seller has
provided true and correct copies of all principal or material Loan Documents to Purchaser.

 

(k) Security Interest. Seller has
not released the Borrower from the security interest granted under the Loan Documents in the Collateral (as defined in the Loan
Agreement). Seller has not terminated or released any financing statements filed

 

against the Borrower or any other instruments or perfection.
To the Seller’s knowledge,

the Loan is secured by and the security interest granted
under the Loan Documents is a first priority perfected security interest in the Collateral (as defined in the Loan Agreement) to
the extent such first priority security interest can be perfected by the filing of a financing statement in the appropriate office
or jurisdiction. To the Seller’s knowledge, all financing statements and other instruments of perfection have been duly recorded
or filed in the appropriate office or jurisdiction and remain in full force and effect and have not expired or been terminated,
amended (as to an amendment, other than pursuant to an amendment that has disclosed to Purchaser by Seller), or assigned or transferred
to a third party.

(l) Note. To the knowledge
of Seller, there does not currently exist, and Seller is not in possession of, an original “wet ink” copy of the Note.

Section 3.02 Representations and Warranties
of Purchaser. The Purchaser represents, warrants and covenants to the Seller as follows:

(a) Due Organization. The Purchaser
is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware.

 

     

     

    

(b) Authority. The Purchaser has
the full authority to execute, deliver and perform this Agreement and all of the transactions contemplated hereby. The Purchaser
has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement,
and, assuming due authorization, execution and delivery by the Seller, this Agreement constitutes a legal, valid and binding obligation
of the Purchaser, enforceable against it in accordance with its terms except to the extent that (i) the enforceability thereof
may be limited by federal or state bankruptcy, insolvency, moratorium, receivership and other similar laws relating to creditors’
rights generally and (ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject
to the equitable defenses and to the discretion of the court before which any proceeding therefore may be brought.

 

(c) No
Conflicts. Neither the execution and delivery of this Agreement by the Purchaser nor the Purchaser's performance of and compliance
with the terms of this Agreement will conflict with the Purchaser’s governing documents or constitute a default under,
or result in a breach or acceleration of any material contract, agreement or other instrument to which the Purchaser is a party
or which may be applicable to the Purchaser or its assets or result in the violation of any law, rule or regulation to which the
Purchaser or any of its properties are subject.

 

(d) No Violation of Court Order.
The Purchaser is not in violation of, and the execution and delivery of this Agreement by the Purchaser and its performance and
compliance with the terms of this Agreement will not constitute a violation with respect to, any order, judgment, injunction or
decree of any court or any order or regulation of any federal, state, municipal or governmental agency having jurisdiction over
the Purchaser or its assets, which violation might have consequences that would materially and adversely affect the financial condition
or the operation of the Purchaser or its assets or might have consequences that would materially and adversely affect the performance
of its obligations and duties hereunder.

Section 3.03 Representations and Warranties
of Borrower. Borrower represents, warrants and covenants to the Purchaser as follows:

(a) At Borrower’s request,
the Purchaser has agreed to purchase the Loan and pay the amounts set forth in Section 1.02 above in connection with the purchase
of the Loan, all of which Borrower would be required to pay upon acceleration of the Loan and enforcement of the Loan Documents
by the Seller, and Borrower represents and hereby agrees to repay the Purchaser the amount of the Purchase Price (as defined above)
in excess of $36,000,000.

(b) The debt evidenced by the Loan
Agreement and Loan Documents is fully enforceable against the Borrower and each Subsidiary Guarantor and is not subject to any
defenses, claims, counterclaims or setoffs and is not subject to any claims for recharacterization or equitable subordination
or other similar equitable remedies or any lender liability claims.

     

     

    

ARTICLE IV -INDEMNIFICATION 

Section 4.01 Indemnification of Purchaser.
Seller will indemnify, hold harmless and defend Purchaser and each of Purchaser’s directors, officers, subsidiaries, successors
and assigns, and affiliates (collectively, the “Purchaser’s Indemnified Parties”) from and against any
and all damage, loss, liability, cost, claim, or expense (including reasonable legal fees and expenses) incurred or suffered by
Purchaser’s Indemnified Parties (i) arising out of or resulting from the breach or inaccuracy of any representation or warranty
made by the Seller in this Agreement, (ii) failure to comply with any covenant made by the Seller in this Agreement, or

(iii) arising out of or resulting from Seller’s ownership
of the Loan and the Loan Documents before the Closing Date or any action or inaction thereon.

Section 4.02 Indemnification of Seller.
Purchaser will indemnify, hold harmless and defend Seller and Seller’s directors, officers, subsidiaries, successors and
assigns, and affiliates (collectively the “Seller’s Indemnified Parties”) from and against any and all
damage, loss, liability, cost, claim, or expense (including reasonable legal fees and expenses) incurred or suffered by Seller's
Indemnified Parties (i) arising out of or resulting from the breach or inaccuracy of or failure to comply with any representation,
warranty or covenant made by Purchaser in this Agreement, (ii) arising out of or resulting from Purchaser’s ownership of
the Loan and the Loan Documents on or after the Closing Date, or (iii) arising out of or resulting from Purchaser’s directions
pursuant to Section 2.02(c).

Section 4.03 Indemnification by Borrower.
Borrower will indemnify, hold harmless and defend Purchaser and each of the Purchaser’s Indemnified Parties from and against
any and all damage, loss, liability, cost, claim, or expense (including reasonable legal fees and expenses) incurred or suffered
by Purchaser’s Indemnified Parties (i) arising out of or resulting from the breach or inaccuracy of any representation or
warranty made by Borrower in this Agreement, (ii) failure to comply with any covenant made by Borrower in this Agreement or (iii)
arising out of or resulting from Purchaser's directions pursuant to Section 2.02(c) made at the request of Borrower.

ARTICLE V -MISCELLANEOUS 

Section 5.01 Entire Agreement; Amendments.
This Agreement, the other Closing Documents and that certain Promissory Note, dated as of the date hereof, by Borrower in favor
of Seller contain the entire agreement between the parties hereto and supersedes any prior agreements relating to the subject matter
hereof. This Agreement may be amended only by written agreement signed by the parties.

Section 5.02 Governing Law; Jurisdiction. This
Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to its choice
of law provisions and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such
laws.

     

     

    

Section 5.03 Waiver of Trial by Jury. Each of the parties
hereby irrevocably waives any and all rights to trial by jury in any legal proceeding arising out of or relating to this Agreement
or the transactions contemplated hereby.

Section 5.04 Notices. Unless otherwise
expressly set forth herein, all demands, notices and communications hereunder shall be in writing and shall be deemed to have been
duly given if delivered by hand, or sent by reputable overnight courier electronic mail or facsimile transmission (provided
that, in the case of facsimile transmission, a confirmation copy of the notice shall be delivered by hand or sent by reputable
overnight courier within two (2) days of transmission) as follows (until notice of a change thereof is given as provided in this
Section 5.04, and actually received by the other party hereto):

(a) If to the Seller, to:

 

GACP FINANCE CO., LLC

Attention:

 

 

Email:

 

Attention:

 

 

Email:

 

Copy to:

 

SNELL & WILMER, L.L.P.

Attention:

 

 

Email:

 

(b) If to the Purchaser, to:

 

FORIS VENTURES, LLC

Attention:

 

 

Email:

 

Copy to:

 

GOODWIN PROCTER LLP

Attention:

 

     

     

    

Email:

All notices given in accordance with this Section 5.04, are
effective if delivered by hand or mailed by reputable overnight courier, at the time of delivery, and, if communicated by facsimile,
at the time of transmission.

Section 5.05 Severability of Provisions.
If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be held invalid for any reason whatsoever,
then to the extent permitted by law such covenants, agreements, provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other
provisions of this Agreement. Furthermore, the parties shall in good faith endeavor to replace any provision held to be invalid
or unenforceable with a valid and enforceable provision that most closely resembles the provision held to be invalid or unenforceable.

Section 5.06 No Partnership. Nothing
herein contained shall be deemed or construed to create a partnership or joint venture between the parties hereto. Nothing herein
contained shall be deemed or construed as creating an agency relationship between the Purchaser and the Seller and neither party
shall take any action that could reasonably lead a third party to assume that it has the authority to bind the other party or make
commitments on such party’s behalf.

Section 5.07 Fees and Expenses. Each
party will pay the costs of its own counsel in connection with the execution of this Agreement and the consummation of the transactions
contemplated hereby.

Section 5.08 Confidentiality. Purchaser
and Seller will cooperate with each other in the development and distribution of all news releases and other public disclosures
concerning this Agreement and the transaction contemplated herein and will not issue any news release or make any other public
disclosure without the prior consent of the other party, unless such is required by law or is in response to published newspaper
or other mass media reports regarding the transaction contemplated hereby, in which latter event the parties will consult with
each other regarding such responsive public disclosure.

Section 5.09 Counterparts. This Agreement
may be executed in one or more counterparts and by the different parties hereto on separate counterparts, each of which, when so
executed, shall be deemed to be an original, and such counterparts, together, shall constitute one and the same agreement.

Section 5.10 Headings. The Section
headings are for convenience only and shall not affect the construction hereof.

[SIGNATURES APPEAR ON THE FOLLOWING PAGE] 

 

 

     

     

    

IN WITNESS WHEREOF, the Seller, the Purchaser
and Borrower have caused their names to be signed by their respective officers thereunto duly authorized as of the date first above
written.

 

		SELLER:	GACP Finance Co., LLC, a Delaware limited liability company

 

By:/s/ John Ahn

Name: John Ahn

Title: CEO

 

		PURCHASER:	FORIS VENTURES, LLC, a Delaware limited liability company

 

By:/s/ Barbara Haeger

Name: Barbara Haeger

Title: CEO

 

 

BORROWER, SOLELY FOR PURPOSES

OF SECTION 3.03 AND 4.03:

Amyris, Inc., a Delaware corporation

 

 

By:/s/ Kathleen Valiasek

Name:______________

Title:______________

 

Amyris Fuels, LLC, a Delaware limited
liability company

 

By:/s/ Kathleen Valiasek

Name: ______________

Title: ______________

 

Amyris Clean Beauty LLC, a Delaware
limited liability company

 

By:/s/ Kathleen Valiasek

Name:______________

Title:______________

 

AB TECHNOLOGIES LLC, a Delaware limited
liability company

 

By:/s/ Kathleen Valiasek

Name:______________

Title:______________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}]]