SEC Contract Filing

Filing Date: 2020-08-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_200328.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.1</b></font></p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><b>PORTIONS OF THIS EXHIBIT MARKED BY [**] HAVE BEEN OMITTED PURSUANT TO RULE 601(B)(10) OF REGULATION S-K. THE OMITTED INFORMATION IS (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-indent:36pt;text-transform:uppercase;"><b>Master Framework Agreement</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">This Master Framework Agreement (&#8220;<i><b>Agreement</b></i>&#8221;) is executed and effective as of August 13, 2020 (&#8220;<i><b>Effective Date</b></i>&#8221;) by and between Gevo, Inc., a Delaware corporation, with offices at 345 Inverness Drive South, Building C, Suite 310, Englewood, CO 80112, hereinafter collectively referred to as &#8220;<i><b>Gevo</b></i>&#8221; (which is deemed to mean and include its successors and assigns), and Praj Industries Ltd., (CIN L27101PN1985PLC038031), Praj Tower 274 &amp; 275/2 Bhumkar Chowk-Hinjewadi Road, Hinjewadi, Pune 411057 India, hereinafter collectively referred to as &#8220;<i><b>Praj</b></i>&#8221; (which is deemed to mean and include its permitted successors and assigns). &nbsp;Gevo and Praj are collectively referred to as the &#8220;<i><b>Parties</b></i>&#8221; and individually as &#8220;<i><b>Party</b></i>&#8221;.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-indent:36pt;"><b>RECITALS</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Parties have entered into that certain Joint Development Agreement effective as April 1, 2018, as amended (the &#8220;<i><b>Feedstock JDA</b></i>&#8221;) pursuant to which the Parties developed the Feedstock PDP (as defined below) from Feedstock (as defined below) to produce Biobutanol (as defined below);</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gevo has certain Patent and/or Technology Rights for (i) the production of Biocatalysts (as defined below) used in production of Biobutanol and (ii)&nbsp;conversion of Biobutanol to Hydrocarbon Transportation Fuel (as defined below);</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Praj would like to provide services, such as basic engineering and design package, supply of critical equipment, supervision services, and possible additional services such as engineering, procurement and construction services, to certain Plant Operator(s) for production of Biobutanol from the Feedstock using the Feedstock PDP, and Gevo desires to grant a license to Praj that would allow Praj to provide such services to such Plant Operator(s);</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Praj would also like to use the applicable PDPs (as defined below) to provide services, such as basic engineering and design package, supply of critical equipment, and supervision services and possible additional services, such as engineering, procurement and construction services, to Plant Operator(s) that use Biobutanol as input for production of Hydrocarbon Transportation Fuel, and Gevo desires to grant a license to Praj that would allow Praj to provide such services to such Plant Operator(s) as well as to sublicense applicable intellectual property rights to such Plant Operator(s) to enable them to operate such Plants;</p>

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