Letter Agreement Terminating Revolving Credit Facility between Amyris, Inc. and Bank of the West (June 20, 2012)
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Summary
Amyris, Inc. and Bank of the West have mutually agreed to terminate their Revolving Credit Facility, originally dated December 23, 2010. Effective June 20, 2012, the lender's commitment is reduced to zero, and both parties' obligations under the agreement end, except for any indemnification obligations that survive termination. This agreement is signed by authorized representatives of both parties.
EX-10.07 8 amyrisq2-201210xqex1007let.htm LETTER AGREEMENT TERMINATING REVOLVING CREDIT FACILITY JUNE 20, 2012 Amyris Q2-2012 10-Q Ex 10.07 Letter Agreement Terminating Revolving Credit Facility June 20, 2012
June 20, 2012
Amyris, Inc.
5885 Hollis Street, Suite 100
Emeryville, CA 94608
Attn: Steven R. Mills, Chief Financial Officer
RE: Revolving Credit Facility dated December 23, 2010 between Amyris, Inc. and Bank of the West
Ladies and Gentlemen:
As parties to the Revolving Credit Facility described above (as amended, modified, or waived, the "Agreement"), BANK OF THE WEST (the "Lender") and AMYRIS, INC. a Delaware corporation (the "Borrower") mutually agree to reduce the Commitment (as defined in the Agreement) to $0.00 and to terminate the Commitment effective June 20, 2012. As of that date, the obligations of the Lender and the Borrower under the Agreement will terminate and, except for any inchoate indemnification obligations that by their terms survive termination of the Agreement, will be of no further force or effect.
BANK OF THE WEST
By: /s/ Lebbeus S. Case, Jr.
Lebbeus S. Case, Jr.
Vice President
ACKNOWLEDGED AND AGREED:
AMYRIS, INC.
By: /s/ Steven R. Mills
Name: Steven R. Mills
Title: Chief Financial Officer
