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CDXS > SEC Filings for CDXS > Form 8-K on 12-Nov-2013All Recent SEC Filings

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Form 8-K for CODEXIS INC


12-Nov-2013

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 intended to terminate the Dyadic License Agreement if the alleged breach was not cured to Dyadic's satisfaction within 60 days. As described in the Prior Form 8-K, the Company previously reached agreement with Dyadic to extend the Company's time for response to the allegations contained in the Letter until November 15, 2013 as part of ongoing negotiations between the Company and Dyadic to resolve the dispute.
On November 11, 2013, the Company, Dyadic and Dyadic International agreed to further extend Codexis' time for response to the allegations contained in the Letter until January 17, 2014 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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