Common use of Arcadia Investment in Bioceres S Clause in Contracts

Arcadia Investment in Bioceres S. A. From the date of Closing until December 31, 2015, Bioceres S.A., in order to fund Bioceres Inc.’s provision of services to Verdeca LLC pursuant to an approved Work Plan, may elect, in its discretion, to sell to ARCADIA, and ARCADIA may invest, up to Five Million Dollars (US$5,000,000) to purchase equity shares of Bioceres S.A. pursuant to the SPA, a copy of which is attached as Exhibit B hereto. ARCADIA will have a put right with respect to those shares of Bioceres S.A. acquired by it in accordance with the Current Related Agreements and Future Related Agreements, which put right is assertable against Bioceres S.A. as set forth in the SPA. In addition, however, ARCADIA and Bioceres, Inc. will execute a Future Related Agreement that enables ARCADIA to assert such put right against Bioceres, Inc., with Bioceres S.A. as a guarantor of Bioceres Inc.’s payment obligation thereunder.

Arcadia Investment in Bioceres S. A. From the date of Closing until December 31, 2015, Bioceres S.A., in order to fund Bioceres Inc.’s provision of services to Verdeca LLC pursuant to an approved Work Plan, may elect, in its discretion, to sell to ARCADIA, and ARCADIA may invest, up to Five Million Dollars (US$5,000,000) to purchase equity shares of Bioceres S.A. pursuant to the SPA, a copy of which is attached as Exhibit B hereto. ARCADIA will have a put right with respect to those shares of Bioceres S.A. acquired by it in accordance with the Current Related Agreements and Future Related Agreements, which put right is assertable against Bioceres S.A. as X.X.xx set forth in the SPA. In addition, however, ARCADIA and Bioceres, Inc. will execute a Future Related Agreement that enables ARCADIA to assert such put right against Bioceres, Inc., with Bioceres S.A. as a guarantor of Bioceres Inc.’s payment obligation thereunder.