Brent Bailey

Cyanotech Corporation – Settlement Agreement (April 11th, 2017)

This SETTLEMENT AGREEMENT (the "Settlement Agreement" or the "Agreement") is effective as of April 6, 2017 (the "Effective Date"), and is made by, between and among, Brent Bailey ("Bailey"), on the one hand, and Cyanotech Corporation ("Cyanotech") (hereinafter, Bailey and Cyanotech are referred to collectively as the "Parties"), as follows:

Cyanotech Corporation – Separation Agreement and Release of Claims (April 4th, 2016)

This Separation Agreement and Release of Claims (this "Agreement") is made and entered into as of March 31, 2016 (the "Separation Date") by and between Brent D. Bailey ("Bailey") and Cyanotech Corporation, a Nevada corporation, and its affiliated entities (collectively "Cyanotech" or the "Company"), with Bailey and the Company together referred to herein as the "parties."

Cyanotech Corporation – Cyanotech Names Gerry Watts as Chief Operations Officer (August 18th, 2014)

KAILUA KONA, Hawaii (August 18, 2014) --Cyanotech Corporation (Nasdaq Capital Market: CYAN) has named Gerard "Gerry" Watts to fill a newly-created position as Chief Operations Officer, effective today.

Cyanotech Corporation – Cyanotech Names Jole Deal as Chief Financial Officer (August 17th, 2011)

KAILUA KONA, Hawaii (August 17, 2011) Jole Deal has been appointed as Chief Financial Officer, Vice President of Finance and Administration, Treasurer and Secretary by the Board of Directors of Cyanotech Corporation (Nasdaq Capital Market: CYAN). She succeeds Deanna Spooner, who resigned.

Cyanotech Corporation – Cyanotech Names Ralph Carlton as a Director (January 28th, 2011)

KAILUA KONA, Hawaii (January 28, 2011) Ralph Carlton has been elected as Director by the Board of Directors of Cyanotech Corporation (Nasdaq Capital Market: CYAN). Mr. Carlton was determined to be an independent Director and also was named as a member of the Audit Committee of the Board.

Cyanotech Corporation – Cyanotech Names Brent Bailey as President, Chief Executive Officer and a Director (November 9th, 2010)

KAILUA KONA, Hawaii (November 8, 2010) Cyanotech Corporation (Nasdaq Capital Market: CYAN) today announced that the Board of Directors has named Brent Bailey as a Director of the company, effective immediately, and as President and Chief Executive Officer, effective January 11, 2011. He will replace David I. Rosenthal, who has served as Interim President and Chief Executive Officer since February 27, 2010. Mr. Rosenthal will remain as a Director, in which position he has served since November 2000.

Cyanotech Corporation – November 5, 2010 (November 9th, 2010)

This letter (Letter Agreement) confirms Cyanotech Corporations employment offer to you for the position of President and Chief Executive Officer of Cyanotech Corporation and its subsidiary (Company), in accordance with our extensive discussions over the past several weeks.