AMENDMENT NO. 3 TO LOAN AGREEMENT This Amendment No. 3 to Loan Agreement ("Amendment") is made as of November 18, 1997 between DowElanco LLC, a Delaware corporation, f/k/a DowElanco, an Indiana general partnership (the "Lender"), and Mycogen Corporation, a California corporation (the "Borrower") (together, the "parties"). WHEREAS, Lender and Borrower are parties to that certain Loan Agreement dated as of April 1, 1997, as amended by Amendment No. 1 as of September 29, 1997, and Amendment No. 2 as of November 14, 1997 (the "Agreement"); and WHEREAS, the parties wish to further amend the Agreement; NOW THEREFORE, the parties hereto have agreed and do hereby agree to amend the Agreement as follows: Section 1.2 is hereby deleted in its entirety and replaced with the following: 1.2 Repayment Repayment may be made at any time, provided that the final repayment be made on or prior to September 30, 1998. All other terms and conditions of the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed on the date first written above. LENDER: BORROWER: DowElanco LLC Mycogen Corporation By: /s/ Sean S. Skinner By: /s/ James A. Baumker ----------------------------- ------------------------------- Printed: Sean S. Skinner Printed: James A. Baumker ----------------------- ---------------------- Title: Treasurer Title: VP CFO ------------------------- ------------------------ Date: 11/18/97 Date: 11/19/97 -------------------------- -------------------------