SCHEDULE 7 (BREEDING)

Exhibit 10.26.1

Pages where confidential treatment has been requested are stamped ‘Confidential Treatment Requested and the Redacted Material has been separately filed with the Commission,’ and the confidential section has been marked as follows: [***].

SCHEDULE 7 (BREEDING)

THIS SCHEDULE is made this 1st day of August 2012;

WHEREAS, CERES and NOBLE have entered into a Master Research Agreement (“MRA”), dated 19 May 2006, which allows for the undertaking of RESEARCH PROJECTS pursuant to SCHEDULES, these terms being defined in the MRA; and

THEREFORE, the parties have agreed to undertake the following RESEARCH PROJECT as defined herein on the following terms and conditions:

GENERAL

A. Unless otherwise specified herein, the terms of the MRA shall apply to this SCHEDULE.

B. In the event of any difference between the terms of this SCHEDULE and the MRA, then the terms of this SCHEDULE shall prevail.

RESEARCH PROJECT TITLE: Switchgrass Cultivar Development

1.1 Testing of Experimental [***] Cultivars and [***]

1.2 Building Populations for Use as [***] for Future [***] Parents

NOBLE Work:

All NOBLE laboratory and greenhouse facilities and properties will be conducted at its Ardmore and Burneyville locations, as well as current plots at UGA farms in Georgia.

CERES Work:

College Station Research Center, TX

Confidential Treatment Requested and the Redacted Material has been separately filed with the Commission

Joe Bouton (NOBLE)

Charlie Brummer (NOBLE)

Malay Saha (NOBLE)

Jeff Gwyn (CERES)

Charlie Rodgers (CERES)

Tim Swaller (CERES)

None

All reports shall be delivered to the MANAGEMENT COMMITTEE on or before the required delivery dates for the same.

NOBLE will deliver at each quarterly MANAGEMENT COMMITTEE meeting (or annual meeting, as the case may be):

Additional information, if not specifically included in the delivered information (above), shall be delivered (or later provided, wherein the delivering party shall indicate the delivery method and time) as supporting information at the related quarterly meeting, if available:

NOBLE will deliver:

CERES will deliver:

Commencement: August 1, 2012

Termination: July 31, 2014

Confidential Treatment Requested and the Redacted Material has been separately filed with the Commission

Joe Bouton (NOBLE)

Charlie Brummer (NOBLE)

Malay Saha (NOBLE)

Jeff Gwyn (CERES)

Charlie Rodgers (CERES)

Tim Swaller (CERES)

Quarterly reports and information: Due at quarterly meetings of the MANAGEMENT COMMITTEE per the MRA (e.g., March, June, September, December).

Not applicable

Not applicable

Controlled by MRA

Not applicable

Not applicable

This SCHEDULE does not terminate automatically upon termination of the MRA.

Confidential Treatment Requested and the Redacted Material has been separately filed with the Commission

This SCHEDULE shall expire pursuant to the terms set forth in this SCHEDULE, unless extended by the mutual agreement of the parties, or unless sooner terminated in accordance with the following provisions of this Paragraph:

(a) mutual, written agreement of the parties;

(b) failure of one party to satisfy its material obligations under this Agreement, and such party subsequently fails to cure such failure(s) within (i) thirty (30) days for failures to remit payment for amounts due under this Agreement and (ii) ninety (90) days for all other obligations in each case after receipt of written notice from the non-breaching party specifying such failure(s);

(c) one hundred eighty (180) days’ prior written notice of termination by either CERES or NOBLE to the other party in case either the terminating party or the other party ceases substantially all activities in the COLLABORATION CROPS;

(d) NOBLE will have the right to terminate this Agreement unilaterally with thirty (30) days’ written notice to CERES, (i) if CERES seeks protection under any bankruptcy, insolvency, receivership, trust, deed, creditors arrangement or comparable proceeding or if any such proceeding is instituted against CERES (and not dismissed within one hundred twenty (120) days); (ii) in case of dissolution or winding up of CERES (excluding any situation where all or substantially all of CERES’ assets, stock or business to which this Agreement relates are acquired by a third party (whether by sale, acquisition, merger, operation of law or otherwise)); or (iii) with one hundred twenty (120) days’ written notice to CERES, if the institutional mission, purpose or structure of NOBLE would change substantially and adversely affect NOBLE’S ability to satisfy its obligations hereunder; or

(e) CERES will have the right to terminate this Agreement unilaterally: (i) with thirty (30) days’ written notice to NOBLE if Dr. Joe Bouton and Dr. Charlie Brummer cease to be associated with NOBLE and the research activities associated with this SCHEDULE, and NOBLE has not replaced him within one hundred twenty (120) days by a person reasonably acceptable to CERES; (ii) with ninety (90) days’ written notice to NOBLE, if the institutional mission, purpose or structure of NOBLE would change substantially; or (iii) with one (1) year’s written notice to NOBLE, if CERES has compelling business reasons to cease the collaboration.

Controlled by MRA

Controlled by MRA

Projected Budget (per year from CERES):

Budget justification:

Salaries:

The Research Assistant and hourly labor will provide additional hands for the field evaluations, harvesting, and greenhouse work needed to complete the project. Fringe benefits are calculated at [***]% to include FICA and health insurance and thrift for the Research Assistant. A five percent fixed salary increase is requested for the second year. Hourly labor support is requested both years for additional help with fieldwork and data collection.

Travel:

Travel funds are requested to allow the main scientific personnel to travel to the off-site research plots in Georgia.

Supplies:

$[***] per year is requested for general supplies for field and greenhouse studies.

Billing Schedule: Invoices will be sent by NOBLE to CERES for actual expenses from the previous period on the last day of the first month following the close of each quarter, not to exceed the total amounts per year as specified above.

Confidential Treatment Requested and the Redacted Material has been separately filed with the Commission

IN WITNESS THEREOF this SCHEDULE has been executed on the date hereinbefore entered.

CERES, INC.

THE SAMUEL ROBERTS NOBLE FOUNDATION, INC.

ATTACHMENT A

RESEARCH AND DEVELOPMENT PLAN

CERES-NOBLE SCHEDULE 7 (BREEDING 2012-2014)

Goal 1: Testing of Experimental [***] Cultivars and [***]

The following experimental [***] developed during the previous schedules were established in performance trials at both Ardmore, OK and Athens, GA during 2010. They were harvested for yield during 2011 and as part of this current schedule, and will be harvested again during 2012 and 2013. The best performing cultivars will be identified based on their multi-location yields and performance and pre-breeder seed from the superior [***] cultivars, and clonal [***] that gave the best [***] and will be stored or transferred to Ceres.

In 2011, the following experimentals were likewise established and harvested at Ardmore. Certain designated entries were also being evaluated in UGA Athens, along with other UGA

Confidential Treatment Requested and the Redacted Material has been separately filed with the Commission

entries. In addition, all entries from this trial, plus the 2010 trial shown above, were established by Ceres at College Station, TX. These trials will be harvested during the 2012 and 2013 growing seasons. Again, the best performing cultivars will be identified based on their multi-location yields and performance and seed from the superior [***] cultivars and clonal [***] that gave the best [***] and will be stored or transferred to Ceres.

Goal 2: Building Populations for Use as [***] for Future [***] Parents:

Work to date:

This is an extension of the CERES-NOBLE Schedule 5.

Proposed work:

The [***] from the [***] by [***] crosses were established in the field at Burneyville, OK in May 2012 and will be evaluated for yield and performance during 2012 and 2013. Since phenotyping will be accomplished during the proposed work, it is also possible that a project could result based on these [***]. Noble could collect plant tissue and Ceres could conduct the actual [***]. The feasibility of this project can be determined at a later date by the MANAGEMENT COMMITTEE.

Confidential Treatment Requested and the Redacted Material has been separately filed with the Commission