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CDXS > SEC Filings for CDXS > Form 8-K on 13-Sep-2013All Recent SEC Filings

Show all filings for CODEXIS INC

Form 8-K for CODEXIS INC


Termination of a Material Definitive Agreement

Item 1.02. Termination of a Material Agreement.

As described in the Prior Form 8-K, the Company received a letter (the "Letter") from Dyadic International, Inc. ("Dyadic") on July 30, 2013 alleging that the Company is in breach under the License Agreement, dated November 14, 2008, by and among the Company, Dyadic International (USA), Inc. ("Dyadic International") and Dyadic (the "Dyadic License Agreement"), and that Dyadic intends to terminate the Dyadic License Agreement if the alleged breach is not cured to Dyadic's satisfaction by September 28, 2013.
On September 10, 2013, the Company, Dyadic and Dyadic International agreed to extend Codexis' time for response to the allegations contained in the Letter until November 15, 2013 as part of ongoing negotiations between Codexis and Dyadic to resolve the dispute.
For additional information about the Letter and the Dyadic License Agreement, see the Prior Form 8-K and Exhibit 10.6 to the Company's Registration Statement on Form S-1 (File No. 333-164044), effective April 21, 2010.

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