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Executive Employment Agreement

EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (Agreement) is made and entered into as of the 10^th day of November, 2006 (Effective Date) by and between MARTEK BIOSCIENCES CORPORATION (Company, which term shall include all subsidiaries of the Company as the context may require), a Delaware corporation, and Peter L. Buzy (Executive).

WHEREAS, the Company desires to employ the Executive and the Executive desires to be employed in accordance with the terms of this Agreement.

WHEREAS, the Company and the Executive have previously entered into a Proprietary Information, Inventions, and Non-Solicitation Agreement dated February 5, 1998; and

WHEREAS, both the Company and the Executive believe it to be in their mutual interest to cancel and supersede the aforementioned Proprietary Information, Inventions, and Non-Solicitation Agreement.

NOW, THEREFORE, in consideration of the mutual promises and agreements set forth below, the Company and the Executive hereby agree as follows:

1. Term of Employment. The Company agrees to employ the Executive and the Executive agrees to accept such employment for an initial term of three (3) years (the Initial Term), such Term commencing on the Effective Date and ending on the date that is the third anniversary of the Effective Date. The term of employment shall be automatically extended for an additional consecutive 1-year period (an Extended Term) on the third anniversary of the Effective Date and on each subsequent anniversary of the Effective Date, unless and until the Company or the Executive provides written notice to the other party in accordance with Section 13 hereof not less than 60 days before such anniversary date that such party is electing not to extend the Initial Term or the Extended Term, as the case may be (Non-Renewal), in which case the term of employment hereunder shall end as of the end of such Initial Term or Extended Term, as the case may be. The Initial Term and any Extended Term(s) are collectively referred to herein as the Term. Notwithstanding any other provision of this Agreement, the Executives employment, and the Term, may be terminated at any time pursuant to Section 6 hereof. Portions of this Agreement that by their terms provide or imply that they survive the end of the Term, including but not limited to Sections 9, 10, and 11, shall survive the end of the Term.

2. Duties and Responsibilities.

2.1. During the Term, the Executive shall be employed as the Companys Executive Vice President for Finance and Administration, Chief Financial Officer and Treasurer. The Executive shall have such duties, responsibilities, and authority as are customarily required of employees in the Executives position and such other duties and responsibilities commensurate with such position as the Company may assign to the Executive from time to time.

2.2. During the Term, the Executive shall devote his entire business time, attention and energies to the business and interests of the Company.

2.3. The Executive agrees that he is subject to and will comply with the policies and procedures of the Company, including but not limited to the Companys Code of Ethics for Directors, Officers and Employees and policies concerning confidential information, as such policies and procedures may be modified, added to or eliminated from time to time at the sole discretion of the Company, except to the extent any such policy or procedure conflicts with the express terms of this Agreement, in which case the terms of this Agreement shall control.

2.4. The Executives principal place of employment will be Columbia, Maryland or at such other place as may be mutually determined by the Executive and the Company; provided, however, that the Executive will travel to such other locations as may be reasonably necessary and/or required by the Company in its sole discretion in order to discharge his duties.

3. Outside Activities. Except with the prior written consent of the Companys Board of Directors, the Executive will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise, other than activities in which the Executive is a passive investor. The Executive may serve on outside boards of directors for both for profit and non-profit entities so long as (i) such service does not create a conflict of interest between the Executive and the Company, (ii) such service will not interfere with the Executives duties as set forth in this Agreement, and (iii) if the Executive was not already serving on such board on the Effective Date, he receives advance written permission from the Companys Chief Executive Officer. The Executive may engage in voluntary community activities without written permission from the Company, so long as such service (i) does not create a conflict of interest between the Executive and the Company, and (ii) will not interfere with the Executives duties as set forth in this Agreement.

4. Compensation and Benefits.

4.1. The Executive shall be paid an annual base salary (a Base Salary) of Three Hundred Seventy Thousand Dollars ($370,000), payable in accordance with the Companys normal payroll practices and schedule. The Executives Base Salary shall be reviewed annually, with the granting of any increases subject to the sole discretion of the Company. All payments provided for in this Agreement shall be subject to the deduction of payroll taxes and other withholdings and assessments as required by law or agreed to by the Executive.

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