AMENDMENT NO. 1 TO WARRANT TO PURCHASE STOCK

Exhibit 4.3.2

AMENDMENT NO. 1 TO WARRANT TO PURCHASE STOCK

This Amendment No. 1 to Warrant to Purchase Stock (“Amendment”) is entered into as of June 20, 2012 between SVB Financial Group (“Holder”) and Ceres, Inc. (“Company”).

Reference is made to that certain Warrant to Purchase Stock (the “Warrant”) issued by the Company in favor of Silicon Valley Bank having the issue date of March 1, 2010, as assigned by Silicon Valley Bank to Holder. The Warrant originally granted to Holder the right to purchase 24,615 shares of the Company’s Series F Convertible Preferred Stock at a Warrant Price of $6.50 per share. Terms defined in the Warrant are used herein as therein defined. As a result of the initial public offering of the shares of the Company’s common stock, par value $.01 per share (the “Common Stock”), the number and/or class of securities issuable upon exercise or conversion of this Warrant has changed.

This Amendment and the Warrant set forth in full all of the representations and agreements between the parties with respect to the subject matter hereof and supersede all prior discussions, representations, agreements and understandings between the parties with respect to the subject hereof. Except as herein expressly amended, all of the terms and provisions of the Warrant shall continue in full force and effect and the same are hereby ratified and confirmed. This Amendment is deemed attached to and made part of the Warrant instrument, which all together shall comprise the Warrant instrument.