Solazyme, Inc. Letterhead]
Exhibit 10.1
[Solazyme, Inc. Letterhead]
October 29, 2015
Xxxxxx-Xxxxxxx-Midland Company
0000 Xxxxxx Xxxxxxx
Decatur, Illinois 62526
Attn: Xxxxx Xxxxx
By Federal Express
Re: Termination of Operating Agreement by and between Solazyme, Inc. (“Solazyme”) and Xxxxxx-Xxxxxxx-Midland Company (“ADM”) entered into as of November 13, 2012 (the “Operating Agreement”)
Dear Sir/Madame:
Solazyme hereby gives notice under Section 17(b)(ii) of the Operating Agreement that it is terminating the Operating Agreement as of the date (the “Termination Date”) that is one hundred twenty (120) days after the date of this notice. Solazyme has determined that the requirements set forth in Section 17(b)(ii) have occurred. As a result of the termination of the Operating Agreement, pursuant to Section 17.3(d) of the Strategic Collaboration Agreement by and between Solazyme and ADM entered into as of November 13, 2012 (the “SCA”), the SCA will terminate concurrently with the termination of the Operating Agreement (i.e., on the Termination Date).
Yours truly,
SOLAZYME, INC.
By: | /s/ Xxxxxxxx Xxxxxxx | |
Xxxxxxxx Xxxxxxx | ||
Chief Executive Officer |
Copy to:
Xxxxxx-Xxxxxxx-Midland Company
0000 Xxxxxx Xxxxxxx
Decatur, Illinois 62526
Attn: General Counsel
By Federal Express and by facsimile to (000) 000-0000