Document:

exv10w6

Exhibit 10.6

*** Text Omitted and Filed Separately

Confidential Treatment Requested

Under 17 C.F.R. §§ 200.80(b)(4)

and 203.406

SUPPLY CONTRACT

     THIS SUPPLY CONTRACT (the “Contract”), is executed as of January 18, 2011, by and
between Myriant Technologies Inc, a Delaware limited liability corporation having principal place
of business at 2 Batterymarch Park, Suite 301, Quincy, MA 02169 (herein, together with its
successors and assigns, “Seller”), and Piedmont Chemical Industries Inc., having a
principal place of business at 331 Burton Ave, High Point, North Carolina 27261, (herein, together
with its successors and permitted assigns, “Buyer”).

     WHEREAS, Seller supplies Succinic Acid and desires to sell a certain amount of its annual
supply capacity of Succinic Acid; and

     WHEREAS, Buyer desires to purchase from Seller, and Seller desires to supply Buyer with all of
Buyer’s needs and requirements for Succinic Acid pursuant to the terms and conditions set forth in
this Contract.

     NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein,
Seller and Buyer hereby agree as follows:

1. Term. The term of this Contract shall be from (i) [...***...], or (ii) [...***...]. The
initial term shall commence on the Trigger Date and continue for five (5) years thereafter. The
Contract shall continue thereafter for successive terms for one (1) calendar year each, unless
terminated by Buyer and Seller on not less than [...***...] prior written notice to the other
party or unless sooner terminated as provided herein. Seller shall provide Buyer with advanced
written notice of the anticipated Trigger Date, which shall in no event be thirty (30) days prior
to the actual Trigger Date.

2. Quantity. Buyer hereby agrees to purchase one hundred percent (100%) of its requirements
of Succinic Acid from Seller, and Seller hereby agrees to supply Buyer with one hundred percent
(100%) of its total needs and requirements of Succinic Acid. The Target Volume shall be five (5)
million pounds of Succinic Acid annually. Actual ramp up Volume to be agreed upon between Seller
and Buyer.

1 Pine Hill Drive, Batterymarch Park II, Suite 301, Quincy, MA 02169

Tel: 617-657-5200 Fax: 617-657-5210

 

			
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\

3. Price. The price of Succinic Acid sold by Seller to Buyer hereunder shall be adjusted
[...***...] according to the provisions of this Section. As used herein, “[...***...]”
means a period of [...***...], except that the first such period shall commence upon the commencement of commercial supply of
product by Myriant and end on the day prior to the start of the first full [...***...].

The price of the Succinic Acid shall follow this formula:

Price = [...***...]

Price is calculated in USD per pound FOB Myriant producing plant.

[...***...]

[...***...]

[...***...]

The price will be updated on a [...***...] basis.

[...***...]

[...***...]

4. Forecasts. At least forty five (45) days prior to the first shipment of Succinic Acid by
Seller to Buyer under this Contract, Buyer shall provide Seller with a written forecast (the
“Initial Forecast”) of the amount of Succinic Acid that Buyer intends to purchase in the
first [...***...] following the effective date of this Contract. Thereafter, on or before the
first day of each [...***...], Buyer shall submit to Seller a written forecast of the quantity
of Succinic Acid (the “Forecast”) that Buyer intends to purchase during that [...***...]. Such Forecasts shall be non-binding upon either party.

5. Sale and Purchase. Seller agrees to sell to Buyer, and Buyer agrees to purchase from
Seller such quantities of Succinic Acid as specified in purchase orders which are issued by Buyer
to Seller from time to time during the Term of this Contract. The purchase price and the other
terms and conditions of such sales shall be as specified in said purchase orders and order
acknowledgments containing Seller’s Standard Terms and Conditions (a copy of which is set forth on
Exhibit A attached hereto); provided, however, in the event of any conflict or
inconsistency between or among the terms of this Contract, the purchase orders, and the order
acknowledgments containing Seller’s Standard Terms and Conditions, the conflict or inconsistency
shall be resolved by giving precedence in the following order: (i) this Contract, (ii) the order
acknowledgements containing Seller’s Standard Terms and Conditions, and (iii) the purchase orders.

6. Invoicing and Payments. Buyer acknowledges that it shall make payments on a monthly
basis, without any right of offset. Seller shall invoice all shipments in a single invoice monthly.

1 Pine Hill Drive, Batterymarch Park II, Suite 301, Quincy, MA 02169

Tel: 617-657-5200 Fax: 617-657-5210

 

			
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7. Exclusivity. During the term of this Contract, Buyer agrees that it will purchase
exclusively from Seller one-hundred percent (100%) of its Succinic Acid requirements. Buyer
represents and warrants that as of the effective date of this Contract, it has not entered into any
agreement with any third party that obligates Buyer to purchase any Succinic Acid from any third
party.

8. Title and Risk of Loss. Title and Risk of Loss with respect to the Succinic Acid sold
hereunder shall transfer from Seller to Buyer at the time the Succinic Acid is placed in the
possession of the Buyer’s carrier. Selection of carrier and routing of all shipments shall be at
Seller’s option.

9. Warranties. Seller warrants that the Succinic Acid delivered hereunder shall meet
Seller’s standard quality or such other specifications as have been expressly attached hereto and
made part of this Contract. SELLER MAKES NO WARRANTY AS TO THE FITNESS OF THE SUCCINIC ACID FOR ANY
PARTICULAR PURPOSE OR THE RESULTS TO BE OBTAINED FROM ITS USE BY BUYER EITHER ALONE OR IN
COMBINATION WITH OTHER SUBSTANCES. SELLER MAKES NO OTHER REPRESENTATIONS OR WARRANTIES OF ANY KIND,
EXPRESS OR IMPLIED, WITH RESPECT TO THE SUCCINIC ACID.

10. Limitation of Liability. All claims for damages shall be deemed waived unless Buyer
submits such claims to Seller in writing within ninety (90) days from the shipment of Succinic
Acid. Seller’s liability for any claim shall be limited to the purchase price of the Succinic Acid
in respect of which such damages are claimed. In no event shall Seller be liable for special,
indirect or consequential damages.

11. Taxes. Buyer shall reimburse Seller for all taxes, excise or other charges that Seller
may be required to pay to any government (national, state, provincial or local) upon, or measured
by, the sale, production, transportation or use of any Succinic Acid sold hereunder.

12. Force Majeure. Neither party shall be liable for its failure to perform hereunder if
said performance is made impracticable due to any circumstances beyond the reasonable control of
the party affected, including, but not limited to, acts of God, fires, floods, wars, sabotage, acts
of government or other legal authority, terrorism, civil unrest, pandemic flu, accidents, labor
disputes or shortages, plant shutdown, shortage of materials, equipment failure, voluntary or
involuntary compliance with any law, order, rule or regulation of government agency or authority,
or inability to obtain material (including power and fuel), equipment or transportation. The
affected party may omit purchases or deliveries during the period of continuance of such
circumstances and the Contract quantity shall be reduced by the quantities omitted. During any
period when Seller shall be unable to supply the total demands for the Succinic Acid provided for
in this Contract, whether caused by the circumstances specified above or otherwise, Seller may
allocate any available Succinic Acid among all buyers on such basis as it may deem fair and
practical.

13. Separate Transactions; Default. Each shipment shall constitute a separate and
independent transaction and Buyer or Seller may recover for such shipment without reference to any
other. If Buyer or Seller is in default with respect to any of the terms and conditions of this
Contract, the other party may, at its option, defer further shipments hereunder until such default
be remedied (in which event the non-defaulting party may elect to extend the Contract period for a
time equal to that for which shipments were so deferred), or, in addition to any other legal
remedy, the non-defaulting party may decline further performance of this Contract.

1 Pine Hill Drive, Batterymarch Park II, Suite 301, Quincy, MA 02169

Tel: 617-657-5200 Fax: 617-657-5210

 

			
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14. Entire Agreement. This Contract constitutes the entire agreement between the parties
with respect to the subject matter hereof and there are no understandings, representations or
warranties of any kind, express or implied, not expressly set forth herein. No modification of this
Contract shall be of any force or effect unless such modification is in writing and signed by the
party to be bound thereby; and no modifications shall be effected by the acknowledgment or
acceptance of purchase order forms containing terms or conditions at variance with those set forth
herein.

15. Successors and Assigns. This Contract shall the binding upon and inure to the benefit
of the respective successors and assigns of each of the parties hereto, but shall not be assigned
by Buyer without the prior written consent of Seller, which consent shall not be unreasonably
withheld.

16. No Waiver. Seller’s waiver of any breach, or failure to enforce any of the terms and
conditions of this Contract, at any time, shall not in any way affect, limit or waive Seller’s
right thereafter to enforce and compel strict compliance with every term and condition hereof.

17. Governing Law; Jurisdiction. This Contract shall be governed by the laws of the
Commonwealth of Massachusetts without reference to its conflicts of law principles and the courts
of the Commonwealth of Massachusetts shall have exclusive jurisdiction to resolve any dispute
arising under this Contract.

18. Counterparts. This Contract may be executed in counterparts, each of which shall be
deemed an original, but all of which shall constitute one document.

19. Independent Contractors. For the purposes of this Contract, Buyer and Seller shall be,
and shall be deemed to be, independent contractors and not agents or employees of the other party.
No party shall have the authority to make any statements, representations, or commitments of any
kind, or to take any action which shall be binding on the other party, except as may be explicitly
provided for herein or authorized in writing.

20. Notice. Any notice, demand, or communication required or permitted to be given by any
provision of this Contract shall be in writing and deemed to have been sufficiently given or served
for all purposes by (i) actual delivery of the notice; (ii) the mailing of the notice in the U.S.
mail, certified mail, return receipt request; or (iii)sending by nationally recognized, overnight
delivery service to the other party as follows:

	 	 	 
	If to the Seller:

	 	If to the Seller
	 
	 	 
	Myriant Technologies Inc

	 	Piedmont Chemical Industries Inc.
	Two Batterymarch Park

	 	331 Burton Avenue
	Quincy, MA 02169-4801

	 	High Point, NC 27261
	Attn: Alif Saleh

	 	Attn: Emil Delgado

1 Pine Hill Drive, Batterymarch Park II, Suite 301, Quincy, MA 02169

Tel: 617-657-5200 Fax: 617-657-5210

 

			
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IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Contract as of the
date and year first above mentioned.

	 	 	 	 	 
	 	Myriant Technologies Inc.

 	 
	 	By:  	/s/ Cenan Ozmeral
 	 
	 	 	Its: Chief Operating Officer 	 

	 	 	 	 	 
	 	Piedmont Chemical Industries Inc.

 	 
	 	By:  	/s/ Emil Delgado
 	 
	 	 	Its: Chief Operating Officer 	 

[Signature Page to Supply Contract]

1 Pine Hill Drive, Batterymarch Park II, Suite 301, Quincy, MA 02169

Tel: 617-657-5200 Fax: 617-657-5210

 

			
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MYRIANT TECHNOLOGIES LLC

TERMS AND CONDITIONS OF SALE OF PRODUCTS

Effective March 15, 2010

1. Contract Formation and Acceptance. In the absence of a written agreement to the contrary
executed by Myriant Technologies LLC or one of its affiliates or subsidiaries (“Myriant”),
these terms and conditions (the “Terms”) shall apply to every sale of goods
(“Products”) between Myriant and the party purchasing the Products (“Buyer”) and
shall survive any termination (by mutual agreement or otherwise) of these Terms. A quotation by
Myriant does not constitute an offer and Myriant reserves the right to withdraw or revise any
quotation prior to time of its acceptance of an order from Buyer. The contract shall be formed at
the time when Buyer’s order is confirmed in writing by Myriant or delivery of the Products is made
by Myriant and Myriant’s acceptance of the Buyer’s purchase order is expressly made conditional on
Buyer’s assent to these Terms.

2. Price and Taxes. The price for Products shall be the price quoted by Myriant to Buyer or, when
no price is quoted, the Myriant’s list price at date of delivery, unless otherwise agreed in
writing by the parties. Prices are subject to change at anytime without advance notification,
unless there is a binding contract between Myriant and Buyer. All prices quoted shall be exclusive
of sales tax or other applicable taxes, tariffs, duties or charges which are payable by Buyer.
Myriant may increase or decrease its prices at any time. New prices shall apply to Products not yet
delivered provided Myriant has notified Buyer in writing, who shall have ten (10) days prior to
delivery to cancel further deliveries at such increased price by sending a written cancellation to
Myriant without being entitled to any damages from Myriant. Unless otherwise specifically agreed in
writing, Buyer shall be responsible for payment of all freight charges and any freight charges
incurred by Myriant, including any increases in charges, shall be for the account of Buyer and
shall apply to any balances unshipped or undelivered from warehouse at time the freight increase
becomes effective. Any tax, tariff, duty or charge which Myriant may be required to pay or collect,
now or hereafter imposed by any governmental authority or agency, foreign or domestic, with respect
to the sale, purchase, production, processing, storage, delivery, transportation, use, or
consumption of any of the products or services covered hereby, including all taxes upon or measured
by receipts from sales or services, shall be for the account of Buyer, and any such charges may be
added by Myriant as a separate item to Myriant’s invoices.

3. Payment. All invoices are payable in full within thirty (30) days of date of the invoice and
payable in United States funds (unless a different currency is specified in the invoice), free of
exchange collection, or other charges. If Buyer fails to pay any invoice in full when due, or if
Myriant shall have any doubt at any time as to Buyer’s financial responsibility or capability,
Myriant may suspend production and/or decline to make shipment or delivery. Myriant reserves the
right to request payment or other form of security prior to delivery. Upon any default in payment,
Buyer shall pay Myriant interest on the unpaid balance at the lesser of 12% interest per annum or
the maximum interest rate permitted by law and all costs of collection, including attorneys’ fees
and expenses. Myriant shall have, and Buyer hereby grants to Myriant, a purchase money security
interest in all products purchased by Buyer and any product proceeds to secure payment of the
purchase price and all other amounts due Myriant, and Myriant shall retain all rights and remedies
of a secured party under the Uniform Commercial Code (or under comparable laws outside the United
States) including the right to repossess or require Buyer return products for which Myriant does
not have payment. Upon the request of Myriant, Buyer shall take such action as Myriant may deem
necessary or appropriate to protect, maintain, record or otherwise assure to Myriant the foregoing
security interest.

4. Delivery. Title to the Products and risk of loss of the Products shall pass to Buyer upon
delivery to a carrier or to Buyer truck (F.O.B. shipping point). If Buyer fails to fulfill terms
of purchase or payment under these Terms, Myriant may defer further shipments without notice until
such default is made good, or may treat such default as a final refusal by Buyer to accept further
shipments hereunder. Each delivery under these Terms shall be deemed to be a separate transaction,
and the cancellation or rejection of any delivery shall not affect the rights and obligations of
the parties under the agreement as a whole. Unless otherwise specifically provided herein, delivery
shall be F.O.B. point of shipment, all risk of loss shall pass to Buyer upon delivery to carrier or
into Buyer’s transports, and Buyer shall be responsible for obtaining and paying for insurance
(including war risk insurance) if desired. Unless otherwise agreed in writing, Products shall be
shipped in the manner and route of transportation Myriant decides. Dates proposed by Myriant for
delivery are approximate and Myriant shall not be liable for any delay in delivery of Products.
Time for delivery shall not be of the essence.

5. Intellectual Property.
(a) If the Products themselves, as and when sold at Myriant’s product specifications, become the
subject of a patent infringement claim, Myriant may, at its sole option and expense, either replace
or modify the Products, provide for the return of Products and refund the purchase price paid by
Buyer, or procure for Buyer the right to continue to use such Products. The foregoing states
Buyer’s sole remedy and Myriant’s entire obligation and liability with respect to any and all
intellectual property claims.

 

			
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(b) Buyer shall defend, indemnify and hold harmless Myriant from and against all loss, costs,
expenses, damages and liability of any kind arising out of any claims of infringement or alleged
infringement of any patent or other intellectual property right with respect to (i) the use of
Products in any application by Buyer or its affiliates, contract manufacturers or customers,
including but not limited to the use of Products alone or in combination with other substances or
components; (ii) any modification to the Products by Buyer or its affiliates, contract
manufacturers or customers; or (iii) Products furnished, or methods used, by Myriant in accordance
with the specifications or instructions furnished by or expressly or implicitly prescribed by
Buyer.

(c) Except as may be contained in a separate trademark license, the sale of Products (even if
accompanied by documents using a trademark or trade name of Myriant) does not convey a license,
express or implied, to use any trademark or trade name of Myriant, and Buyer shall not use any
trademark or trade name of Myriant in the conduct of its business without Myriant’s prior written
consent.

6. Force Majeure

Myriant shall not be liable for any failure to perform or delay in performance due to fire;
explosion; accident, theft, flood; accident; Acts of God; pandemics, labor difficulties; shortage
or unavailability on reasonable commercial terms of utility, facility, raw materials or labor;
delay in or unavailability on reasonable commercial terms of transportation; breakdown of equipment
or machinery; compliance with or other action taken to comply with any law or regulation; acts of
war or terrorism; restraints or requirements of any government or governmental authority or their
agents; or any other causes or contingencies, whether similar or dissimilar, beyond Myriant’s
reasonable control. In the case of such an event, Myriant may, in its sole discretion, cancel,
reduce or modify its deliveries to Buyer without liability for any damages whatsoever.

7. Warranty; Claims; and Limitation of Liability. Buyer agrees that the following terms and
conditions have applied and shall apply to all Products sold or agreed to be sold to Buyer by
Myriant and shall not be supplemented, modified or amended unless agreed to in a writing signed by
an officer of Myriant.

(a) Limited Warranty. The Myriant warrants all grades of Products to be supplied by Myriant to
Buyer shall meet the product specifications for such grade set by Myriant from time to time, or as
modified, in writing, by the mutual agreement of both parties. Claims in respect of any products at
any time sold or agreed to be sold by Myriant, whether in contract, tort or otherwise (including
negligence or misrepresentation), including claims on account of weight, quality, loss or damage to
said products, are waived by Buyer unless made in writing within 30 days after arrival thereof at
destination. In case of a timely claim concerning quality, Buyer shall promptly furnish to Myriant
appropriate samples of nonconforming Product for testing and analysis.

(b) Disclaimer of Other Warranties, Representations and Conditions. THE LIMITED WARRANTY ABOVE SETS
FORTH THE SOLE WARRANTY OF MYRIANT WITH RESPECT TO ANY PRODUCTS AT ANY TIME SOLD TO BUYER. ALL
OTHER WARRANTIES AND REPRESENTATIONS AND CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, AND
WHETHER ARISING UNDER STATUTE OR UNDER CONVENTION (INCLUDING THE UNITED NATIONS CONVENTION ON
CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS), ARE HEREBY EXPRESSLY EXCLUDED AND DISCLAIMED,
INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR
NON-INFRINGEMENT OF THIRD PARTY INTELLECTUALLY PARTY RIGHTS. THIS SHALL APPLY WHETHER THE PRODUCTS
ARE USED ALONE OR IN COMBINATION WITH OTHER SUBSTANCES OR MATERIALS, EVEN IF THE PURPOSES OR USES
OF SUCH PRODUCTS ARE KNOWN BY MYRIANT OR IF MYRIANT HAS BEEN INVOLVED IN THE ANALYSIS OF THE
PURPOSES OR USES OF SUCH PRODUCTS OR HAS PROVIDED ANY RECOMMENDATIONS, ASSISTANCE OR INSTRUCTIONS
IN CONNECTION THEREWITH. BUYER ACCEPTS AND ASSUMES ALL RESPONSIBILITY, RISK AND LIABILITY FOR, AND
AGREES TO DEFEND, INDEMNIFY AND HOLD MYRIANT HARMLESS FROM AND AGAINST, ANY CLAIMS OR LIABILITIES
RELATING TO ANY SUCH PRODUCTS OR ANY PRODUCTS MANUFACTURED BY BUYER CONTAINING ANY SUCH PRODUCTS
PROVIDED BY MYRIANT.

(c) Limitation of Remedies. Myriant’s liability, and Buyer’s sole remedy, for any claim in respect
of any products at any time sold or agreed to be sold by Myriant, is limited to, at Myriant’s
option (i) replacing the particular quantity of nonconforming Product or (ii) refunding the
purchase price of the particular quantity of nonconforming product, less the value, if any, to
Buyer of the nonconforming product. IN NO EVENT WILL MYRIANT’S AGGREGATE LIABILITY TO BUYER FOR ALL
DAMAGES ARISING FROM ANY AND ALL CLAIMS RELATED TO THE BREACH OF THESE TERMS, NON-DELIVERY, OR THE
PROVISION OF ANY PRODUCTS, REGARDLESS OF WHETHER THE FORM OF ACTION IS BASED ON CONTRACT, TORT
(INCLUDING NEGLIGENCE), STRICT LIABILITY, STATUTE, OR OTHERWISE, EXCEED THE TOTAL PRICE PAID BY
BUYER TO MYRIANT FOR THE PRODUCTS IN RESPECT OF WHICH DAMAGES ARE CLAIMED. NO CLAIM SHALL BE
ALLOWED FOR PRODUCT THAT HAS BEEN PROCESSED IN ANY MANNER. FAILURE TO GIVE NOTICE OF A CLAIM
WITHIN NINETY (90) DAYS FROM THE DATE OF DELIVERY, OR THE DATE FIXED FOR DELIVERY (IN CASE OF
NON-DELIVERY) SHALL CONSTITUTE A WAIVER BY BUYER OF ALL CLAIMS IN RESPECT OF SUCH PRODUCTS.
PRODUCTS SHALL NOT BE RETURNED TO MYRIANT WITHOUT MYRIANT’S PRIOR WRITTEN PERMISSION. IN ADDITION,
AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, BUYER WAIVES ANY CLAIM TO INDIRECT,

 

			
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CONSEQUENTIAL (INCLUDING WITHOUT LIMITATION ANY LOSS OF PROFITS EVEN IF ADVISED OF THE POSSIBILITY
THEREOF), PUNITIVE, EXEMPLARY OR MULTIPLIED DAMAGES ARISING OUT OF OR RELATING TO THESE TERMS OR
THE PROVISION OF ANY PRODUCT.

8. Legal Compliance. Buyer represents and warrants that it has complied and agrees that it will
comply with all applicable laws and regulations pertaining to the Products including, without
limitation, laws and regulations pertaining to transportation, storage, use, installation, resale,
export, and import of the products. Buyer shall have sole responsibility to obtain any
transportation, storage, use, export, import or other licenses or permits required under applicable
laws and regulations. Buyer acknowledges that it has received and is familiar with Myriant’s
labeling and literature concerning the products (including but not limited to instructions,
information, warnings and, if applicable, Material Safety Data Sheets) and agrees to, in a timely
manner, forward such information to its employees, agents, customers and others who will purchase,
handle, use, process, install, sell or be exposed to such products. Buyer agrees that it will not
knowingly sell or transfer the Products to persons using or proposing to use the Products for
purposes which are unsafe or prohibited by law. Nothing contained in these Terms shall be
construed to void or diminish any warnings, notices, instructions, or other information provided by
Myriant or its representatives or agents pertaining to product characteristics or the safe or
appropriate use, handling, storage, installation, transport or disposal of Products.

9. Applicable Law and Consent to Jurisdiction. Any claim or dispute arising hereunder hall be
governed by the laws of the Commonwealth of Massachusetts, irrespective of the choice of law rules
thereof. The United Nations Convention on Contracts for the International Sale of Goods is
expressly excluded. Any legal proceedings arising out of or relating in any way to these Terms
shall be commenced only in federal or state court located in the Commonwealth of Massachusetts and
each of the parties hereto consents to the jurisdiction of said courts in any such proceedings and
waives any objection to venue laid therein, provided, however, that nothing in this Section shall
be construed to preclude either party from asserting cross claims or third party claims in any
forum outside the Commonwealth of Massachusetts

10. Conflicting Terms. Any representations, warranties, conditions or indemnities or other terms
or conditions proposed or stated by Buyer in connection with any sale of products by Myriant or in
any purchase order or other document sent by Buyer which are in conflict with the foregoing are
expressly rejected by Myriant and waived by Buyer. The foregoing provision of this Section shall
not be supplemented, modified or amended unless agreed to in a writing signed by an officer of
Myriant.

 

			
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Exhibit 10.7

*** Text Omitted and Filed Separately

Confidential Treatment Requested

Under 17 C.F.R. §§ 200.80(b)(4)

and 203.406

SUPPLY AGREEMENT

     This Supply Agreement (“Agreements) is entered into this date, April 12th, 2011, between
Myriant Technologies, Inc (“SELLER”) having its place of business at 1 Pine Hill Drive,
Batterymarch Park II, Suite 301, Quincy MA 02169 and Wilson Industrial Sales Company, Inc.
(“BUYER”) having its place of business at 201 South Wilson Street, Brook, IN 47922. The BUYER and
SELLER are sometimes individually referred to as Party and collectively as the Parties.

WITNESSETH:

     Whereas, SELLER is planning to manufacture commercial grade succinic acid and as byproduct of
this manufacturing process SELLER is expected to produce a large volume of 40% (w/v) Liquid
Ammonium Sulfate (“Product”) in its demonstration plant to be built at Lake Providence, LA;

     Whereas, BUYER is in the business of marketing the Product and plans to purchase the entire
production of Product by SELLER at its plant in Lake Providence, LA;

     NOW, THEREFORE, in consideration of the mutual covenants contained herein the Parties agree as
follows:

1.0 QUANTITY:

	 	 	 	SELLER expects to produce 52,500 tons of Liquid Ammonium Sulfate per year
and BUYER will buy the entire production of SELLER’s Product in installments
as and when it becomes available.

2.0 QUALITY:

	 	 	 	Determination of the suitability of the Product supplied hereunder for the
uses and applications contemplated by BUYER and others shall be the sole
responsibility of BUYER. All warranties by SELLER pertaining to the Product
are expressed in this paragraph. SELLER warrants that upon delivery to BUYER
the Product supplied hereunder meets the specification expressly agreed upon
in writing by the parties and attached
hereto as EXHIBIT A. SELLER MAKES NO OTHER WARRANTIES OR REPRESENTATIONS OF
ANY KIND WHATSOEVER WITH RESPECT TO THE PRODUCT, EXPRESS OR IMPLIED,
STATUTORY, BY OPERATION OF LAW OR OTHERWISE, AND SELLER EXPRESSLY DISCLAIMS
ANY AND ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE.

 

			
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3.0 PRICE:

	 	 	 	The price paid to SELLER is based on [...***...]. [...***...] (including the
amortized cost of the storage facility set out in Section 9.0 of this
Agreement) incurred by the BUYER. The storage charge paid for storing the
Product at SELLER’s Lake Providence Plant goes toward the amortization cost
as described in Section 9.0 below. The price paid to SELLER will be
[...***...]% of the [...***...] subject to the following conditions: (1)
When the [...***...] is below $[...***...], the BUYER will retain
$[...***...] and the SELLER is entitled to the rest of the [...***...].
Prior approval by SELLER to BUYER would be required before BUYER could sell
the Product for [...***...] below $[...***...] (2) The BUYER is not assured
of any minimum profit under this Agreement. For example, when the
[...***...] is less than $[...***...], SELLER is not obligated to compensate
the BUYER so that the BUYER would receive a profit of $[...***...]. However,
if the [...***...] is less than $[...***...], BUYER will obtain prior
written approval from SELLER, and SELLER will pay BUYER a sum sufficient to
make the [...***...]. (3) When the
[...***...] is $[...***...], the [...***...]
will be shared in the ratio of [...***...]% to BUYER and
[...***...]% to SELLER. Given below are three examples to illustrate the
sharing of [...***...] between BUYER and SELLER.

     EXAMPLES:

	 	 	 	[...***...].
	 
	 	 	 	[...***...].
	 
	 	 	 	[...***...].

4.0 FREIGHT:

	 	 	 	BUYER will be required to acquire multiple freight rates from qualified
carriers for all delivered sales including quotes supplied from SELLER’S
contracted logistics supplier. SELLER is then required to use the company
that produces the best freight rates for those loads that are available in a
timely fashion.

5.0 TITLE TRANSFER:

	 	 	 	Title and risk of loss and all liability with respect to the Product will
transfer to BUYER when the truck or barge leaves SELLER’s plant at Lake
Providence, LA.

6.0 TERMS OF CONTRACT:

 

			
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	 	 	 	BUYER will purchase entire production of SELLER’S liquid ammonium sulfate
produced at SELLER’S Lake Providence, LA production plant on an even take
basis for five (5) years and three (3) months beginning on October 1, 2011
and ending on December 31, 2016 with an automatic renewal for two (2) years
upon the end of the initial term period or any renewal term period unless
either Party notifies the other in writing at least one (1) year prior to
the automatic renewal date that there is no intention of renewal.
	 
	 	 	 	BUYER will provide SELLER with sales and revenue forecast & projections for
the next eighteen (18) months semi-annually at the beginning of the first
and third quarter of each contract year. Mutual agreement will be made on
all sales and pricing.

7.0 ASSIGNMENT:

	 	 	 	Neither Party may assign this Contract, in whole or in part, without the
prior written consent of the other Party, which consent will not be
unreasonably withheld.

8.0 FORCE MAJEURE:

	 	 	 	Other than as expressly provided herein, neither Party shall be liable for
delays in performance caused by acts of God or the public enemy, embargoes,
strikes, lockouts or labor disturbances, compliance with or other action
taken to carry out the intent of purpose of any law or administrative
regulation having the effect of law now or hereafter enacted, nor shall
either Party be liable for delays in performance due to any contingency
beyond its reasonable control. In the event of any such occurrence, the
period for the Party’s performance affected thereby shall be extended for
such periods as reasonably required under the circumstances.

9.0 STORAGE OPTIONS:

	 	 	 	BUYER will have built and pay for a storage facility to hold [...***...] ton
of Product constructed on SELLER’S site. BUYER will initially fund up to
$[...***...] for the construction of the storage facility. The cost of said
storage facility will be repaid to BUYER by SELLER over a five (5) year
amortization period (with [...***...]% interest). Payments will be assuming
52,500 ton per year production, deducted from SELLER’S revenue until such
time total amount has been paid.
	 
	 	 	 	An example: [...***...].
	 
	 	 	 	SELLER acknowledges and agrees that SELLER will have complete responsibility
for the maintenance, repair, and replacement of the storage

 

			
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	 	 	 	facility, and all such activities will be carried out by SELLER at SELLER’s
expense.
	 
	 	 	 	If this agreement is terminated for any reason prior to SELLER [...***...]
BUYER for the [...***...] of the storage facility with interest as set out
above, [...***...].
	 
	 	 	 	In order to secure SELLER’S repayment obligations to BUYER, SELLER agrees to
grant BUYER a first priority security interest in the storage facility and
agrees to execute a security agreement and such other documentation
requested by BUYER to perfect such security interest.

10.0 LOADING:

	 	 	 	SELLER will have capacity of loading on the property during regular loading
hours [...***...] per day. Normal loading hours at SELLER’S plant to be
agreed upon but would expect to be approximately [...***...] per day, Monday
through Saturday at a minimum to accommodate production volume.

11.0 WEIGHTS:

	 	 	 	Weights will be determined by weights from scale at SELLER’S location or
barge drafts and shall govern unless proven in error. Net ton is equal to
2000 lbs.

12.0 PAYMENT TERMS:

	 	 	 	Payment terms will be SELLER’S normal payment terms of net [...***...] days
from date of invoice. BUYER will fax information to SELLER for billing
purposes of load numbers, tonnage and price.

13.0 GOVERNING LAW:

	 	 	 	This contract shall be governed and construed under the laws of the State of
Louisiana.

14.0 ARBITRATION:

	 	 	 	In the event that a disagreement arises in this agreement, both parties
would agree to use arbitration to solve any issues. Arbitration shall be
conducted in the state of New York and the firm chosen must be agreeable by
both Parties.

15.0 INSURANCE:

	 	 	 	BUYER agrees, at all times during the term of this Contract, to carry at its
own expense and keep in force the following minimum levels of insurance

 

			
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	 	 	 	as listed below and other insurance as required by all applicable laws and
governmental bodies and agencies. Such insurance shall be procured from
insurers rated A, Class VII or better by A. M. Best Company and be in a form
satisfactory to SELLER.

	 	a)	 	Worker’s Compensation insurance as prescribed
by applicable state Workers’ Compensation acts to provide statutory
coverage and Employers’ Liability insurance to include $1,000,000 per
employee, $1,000,000 per accident and $1,000,000 in the aggregate.
	 
	 	b)	 	Commercial General Liability insurance on an
occurrence basis with $5,000,000 per occurrence limit for bodily
injury, property damage, personal and advertiser’s injury, $5,000,000
aggregate limit for products/completed operations and a $5,000,000
general aggregate limit. This Commercial General Liability insurance
to include coverage for contractual liability and sudden and accidental
pollution.
	 
	 	c)	 	Business Automobile Liability insurance
including comprehensive third party coverage for injury, including
death and property damage with a combined single limit of $5,000,000
per occurrence including coverage for owned, non-owned and hired
vehicles.

	 	 	 	An MCS-90 endorsement is required if hauling hazardous materials. Coverage
shall include Endorsement CA 9948 or equivalent, providing transportation
related pollution coverage.
	 
	 	 	 	None of the above policies shall contain exclusions that would preclude
coverage for pollution related risks associated with the scope of services
provided to SELLER by the BUYER. All insurance policies, except Workers
Compensation, shall name SELLER and all subsidiary corporations, affiliates,
agents, employees, officers and directors as an Additional Insured. All
policies shall include a Waiver of Subrogation where permissible by law and
all policies shall be primary and non-contributory.

16.0 INDEMNIFICATION:

	 	 	 	Each Party shall defend, indemnify and hold the other Party harmless from
and against any liability, loss and expense (including reasonable attorney
fees) arising from (a) fines and civil penalties; and (b) personal injury
to, or damage to the property of, third persons in each case to the extent
that (a) and (b) are caused by the first Party’s negligence, willful
misconduct, or violation of law.
	 
	 	 	 	BUYER’S exclusive remedy, and SELLER’S sole liability, on any claim with
respect to the Product supplied hereunder, whether statutory, tort,

 

			
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	 	 	 	negligence, strict liability, contract or warranty, shall be limited to
rejection of any Product not in compliance with the Specifications in
Exhibit A and, at SELLER’S option, replacement of or reimbursement for such
nonconforming Product as determined by the net price paid to SELLER. No
claim of any kind, whether as to Product delivered or for non-delivery or
untimely delivery of Product, and whether arising in tort or Contract, shall
be greater in amount than the purchase price of the Product in respect of
which such damages are claimed; and the failure to give notice of claims
within thirty (30) days from the date of delivery, or the date fixed for
delivery, as the case may be, shall constitute an unconditional waiver by
BUYER of all claims in respect of such Product. SELLER shall not be liable
to either BUYER or BUYER’S customers in contract or warranty, or in tort
(including negligence or strict liability) or under any regulatory or other
theory or cause of action, implied or otherwise for special, indirect,
incidental, consequential or punitive damages such as, but not limited to,
lost profits, or injury or damage caused to property or persons by reason of
the application or use of any Products. BUYER agrees to include the
substance of this Section in all of its quotations, offers and contracts for
sale of Products.
	 
	 	 	 	If the BUYER breaches the Agreement after written notice from SELLER
specifying the nature of the breach and BUYER fails to cure the breach
within thirty days of BUYER’S receipt of SELLER’S notice, the SELLER is
entitled to incidental expenses incurred in identifying another buyer for
the Product. In addition, if the BUYER breaches the Agreement after written
notice from SELLER specifying the nature of the breach and BUYER fails to
cure the breach within thirty days of BUYER’S receipt of SELLER’S notice,
SELLER will be allowed to use the storage facility for the Product built on
the SELLER’S site and the SELLER will be allowed to make annual payments
according to the amortization schedule in the Section 9.0.

17.0 ENTIRE AGREEMENT:

	 	 	 	This Contract contains the entire agreement and understanding of the Parties
in regard to the subject matter hereof and supersedes and replaces all prior
oral or written agreements, statements or representations of the Parties in
regard to the subject matter hereof.

 

			
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	BUYER	 	SELLER
	Wilson Industrial Sales Co., Inc.	 	Myriant Technologies
	 	 	 	 	 	 	 
	 
	By: 	 /s/ Steve Wilson	 	By: 	 /s/ Cenan Ozmeral
	 	Printed: 	Steve Wilson	 	 	Printed: 	Cenan Ozmeral
	 	Title:	President	 	 	Title:	Chief Operating Officer

 

			
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EXHIBIT A

Product specification (40% Liquid Ammonium Sulfate)

     [...***...]

 

			
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