Related Party Transactions

12 Months Ended

Dec. 31, 2019

The Company is a party to an ongoing transition services agreement with Dow, a related party. In connection with the transition services agreement, the Company paid Dow a $5.0 million set-up fee which was amortized over the period during which the services were expected to be provided.

The Company incurred expenses for such services for the year ended December 31, 2019, December 31, 2018, and December 31, 2017 as follows:


(amounts in thousands)	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Amortization of prepayment related to set-up of transition services	$	—	$	—	$	827
Ongoing costs of transition services agreement	120		335		2,970
Rent expense	—		—		902
Other expenses	—		1,484		439
Total incurred expenses	$	120	$	1,819	$	5,138

As of December 31, 2019 and December 31, 2018, the Company had an outstanding payable to Dow of $0.1 million and $0.0 million, respectively.

Refer to Note 3 regarding the contingent consideration owed to Dow as part of the Business Combination, as well as certain other agreements entered into in connection with the Business Combination, including the termination of the Tax Receivables Agreement in 2019.

In addition, during 2016, the Company made a minority investment in RipeLocker, LLC ("RipeLocker"), a company led by George Lobisser, a director of AgroFresh. In February 2019, the Company made a further minority investment in RipeLocker. On November 29, 2016, the Company entered into a Mutual Services Agreement (the “Services Agreement”) with George Lobisser and RipeLocker. Pursuant to the Services Agreement, (i) the Company agreed to provide RipeLocker with technical support, in the form of access to the Company’s research and development personnel for a specified number of hours for purposes of providing advice and input relating to RipeLocker’s products and services, and (ii) Mr. Lobisser agreed to provide consulting services to the Company as may be reasonably requested by the Company from time to time. The Services Agreement provides for Mr. Lobisser to receive a consulting fee of $5,000 per full day for time spent performing consulting services under the Services Agreement (pro-rated for any partial day), plus reimbursement for out-of-pocket expenses, provided that for each hour of technical support provided by the Company to RipeLocker, Mr. Lobisser agreed to provide one-half hour of consulting services for no consideration. In February 2017, the Company and Mr. Lobisser agreed to substantially curtail any mutual consulting services to be provided under the Services Agreement, and that any further services would be provided at no charge. For the years ended December 31, 2019 and December 31, 2018, there were no amounts paid and as of December 31, 2019 and December 31, 2018, there were no material amounts owed to RipeLocker for consulting services.