SEC Contract Filing

Filing Date: 2019-08-08

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>ex10-3.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REGISTRATION
RIGHTS AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REGISTRATION
RIGHTS AGREEMENT </B>(this &ldquo;<B>Agreement</B>&rdquo;), dated as of August 6, 2019, by and among Marrone Bio Innovations,
Inc., a Delaware corporation, with headquarters located at 1540 Drew Avenue, Davis, CA 95618 (the &ldquo;<B>Company</B>&rdquo;),
and the Investors (as hereinafter defined).</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS<FONT STYLE="font-weight: normal">:</FONT></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
Pursuant to the Warrant Amendment and Plan of Reorganization Agreement by and among the Company, Ospraie Ag LLC (&ldquo;<B>Ospraie</B>&rdquo;)
and Ardsley Partners Renewable Energy Fund, L.P. (&ldquo;<B>Ardsley</B>&rdquo;) and Ivan Saval (Mr. Saval, together with Ospraie
and Ardsley, the &ldquo;<B>Investors</B>&rdquo; and each, an &ldquo;<B>Investor</B>&rdquo;) dated as of the date hereof (the &ldquo;<B>Warrant
Reorganization Agreement</B>&rdquo;), the Company has agreed, upon the terms and subject to the conditions of the Warrant Reorganization
Agreement, to issue and sell to each Investor warrants (the &ldquo;<B>Warrants</B>&rdquo;), which will be exercisable to purchase
shares of Common Stock (as exercised, collectively, the &ldquo;<B>Warrant Shares</B>&rdquo;) in accordance with the terms of the
Warrants.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
In connection with transactions described above, the Company has agreed to provide certain registration rights under the Securities
Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the &ldquo;<B>1933
Act</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE, </B>in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and each of the Investors hereby agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Definitions.</U></FONT></P>

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 <TD STYLE="width: 0.25in; padding-right: 5.8pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capitalized
 terms used herein and not