EX-10.51



 Exhibit 10.51 

 

			
	 BIOAMBER SARNIA INC.
	  	 APPLICANT #: 5000002171
 PROJECT #:509040


 PROSPERITY INITIATIVE 
 AMENDING AGREEMENT #1 
 This Amending Agreement made on March 26, 2012

  

			
	BETWEEN:	  	HER MAJESTY THE QUEEN IN RIGHT OF CANADA, (“Her Majesty”) hereby represented by the Minister responsible for the Federal Economic Development Agency for Southern
Ontario (“Minister”)
		
	AND:	  	BIOAMBER SARNIA INC. (previously known as “BlueWater Biochemicals Inc.”) (“Recipient”), a corporation incorporated established under the laws of
Canada
		
		  	(collectively referred to as the “Parties”)

 WHEREAS the Minister and the Recipient entered into a contribution agreement dated the September 16, 2011
under the Prosperity Initiative the (“Contribution Agreement”) whereby the Minister agreed to make a repayable contribution to the Recipient in the maximum amount of $12,000,000; 
 WHEREAS the Recipient has changed its name to “Bioamber Sarnia Inc.”; 

WHEREAS the Parties wish to amend the Contribution Agreement in order to amend the project Completion Date (as defined in the Contribution
Agreement); 
 WHEREAS the Minister wishes to disburse the Contribution (as defined in the Contribution Agreement) in earlier Fiscal
Years (as defined in the Contribution Agreement) and the Recipient has agreed to the new fiscal allocation; and 
 WHEREAS the Parties
wish to make other amendments to the Contribution Agreement, 
 NOW THEREFORE in consideration of their respective obligations contained
herein, the Parties agree to the following: 
  

	1.	Interpretation 

 All capitalized
terms used and not otherwise defined herein will have the meanings given to them in the Contribution Agreement. 









			
	BIOAMBER SARNIA INC.	  	 APPLICANT #: 5000002171
 PROJECT #:509040


  


	2.	Execution 

 This Amending Agreement
must be executed by the Recipient and received by the Minister within thirty (30) days of its signature on behalf of the Minister, failing which the Minister may declare it will be null and void. 

 

	3.	Amendment 

  

	3.1	In the Contribution Agreement, the name of “BlueWater Biochemicals Inc.” is hereby replaced by “Bioamber Sarnia Inc.” 


 

	3.2	In Subsection 2.1 of the Contribution Agreement, the definition of “Completion Date” is hereby deleted and replaced by the following new definition:


 “Completion Date means the Project completion date, March 31, 2014.”

  

	3.3	In the Contribution Agreement, Subsection 4.2 is hereby deleted and replaced by the following new Subsection 4.2: 


“The Contribution will be allocated in the following manner: 

 

	 	(i)	up to seventy-five percent (75%) of Eligible and Supported Costs for the Project for the Fiscal Year ending March 31, 2012; 


 

	 	(ii)	up to seventeen percent (17%) of Eligible and Supported Costs for the Project for the Fiscal Year ending March 31, 2013; 


 

	 	(iii)	up to seventeen percent (17%) of Eligible and Supported Costs for the Project for the Fiscal Year ending March 31, 2014; 


The payment of the Contribution is estimated at amounts specified below in each of the following Fiscal Years: 

 

					
	 2011/2012
	  	$	3,580,000	  
	 2012/2013
	  	$	5,000,000	  
	 2013/2014
	  	$	3,420,000	  

 The Minister will have no obligation to pay any amounts in any other years than those specified
herein.” 
  

	 	3.3	In the Contribution Agreement, Subsection 18.7 in its entirety. 

  

	 	3.4	In the Contribution Agreement, Annex 4 is hereby deleted and replaced by the following new Annex 4 attached hereto. 


 

	4.	General 

  

	 	4.1	The Contribution Agreement and this Amending Agreement will henceforth be read together and will have the effect as if all the provision of such agreements were
contained in one instrument. 










			
	BIOAMBER SARNIA INC.	  	 APPLICANT #: 5000002171
 PROJECT #:509040


  


	 	4.2	Except for the amendments expressly set forth in this Amending Agreement, the other terms and provisions of the Contribution Agreement remains unchanged.


  

	 	4.3	This Amending Agreement is governed by the laws of the Province of Ontario. 


 

	 	4.4	This Amending Agreement may be executed and delivered in any number of counterparts, each of which when executed and delivered is an original but all of which taken
together constitutes one and the same instrument. 

  

	 	4.5	Each of the Parties shall, at the request of the other Party to this Amending Agreement, execute such documents and do such acts as may be reasonably required to carry
out the terms of this Amending Agreement. 

  

	 	4.6	This agreement shall enure to the benefit of, and be binding upon, the Parties and their respective successors and permitted assigns. 










			
	BIOAMBER SARNIA INC.	  	 APPLICANT #: 5000002171
 PROJECT #:509040


  

 IN WITNESS WHEREOF the Parties hereto have executed this Amending Agreement through duly
authorized representatives. 
  

							
	HER MAJESTY THE QUEEN IN RIGHT OF CANADA,
				
	 Per:
	 	 /s/ David Elgie
	 		 	 March 28/12

		 	David Elgie	 		 	Date
		 	Director, Business Development	 		 	
		 	Federal Economic Development Agency for	 		 	
		 	Southern Ontario	 		 	
	
	BIOAMBER SARNIA INC.,
				
	 Per:
	 	 /s/ Jean-Francois Huc
	 		 	 April 2, 2012

		 	Jean-Francois Huc	 		 	Date
		 	President	 		 	
		 	Bioamber Sarnia Inc.	 		 	

 I have authority to bind the corporation 

 

							
	 Per:
	 	 /s/ Mike Hartmann
	 		 	 April/2/12

		 	Mike Hartmann	 		 	Date
		 	 Executive Vice-President
	 		 	
		 	 Bioamber Sarnia Inc.
	 		 	
		 		 		 	

 I have authority to bind the corporation 







 



 
 BIOAMBER SARNIA INC. 

APPLICANT #: 5000002171 
 PROJECT #: 509040 
 Annex 4 

PROSPERITY INITIATIVE 
 CERTIFIED COPY OF AUTHORIZING DOCUMENTS 
 Industry
Industrie 
 Canada Canada 
 2010-05-07 
 ILLEGIBLE 

9th floor ILLEGIBLE 
 365 ILLEGIBLE Avenue West 
 Ottawa, Ontario KIA 0C8

 ILLEGIBLE 
 365 ILLEGIBLE 
 Ottawa ILLEGIBLE KIA 0C8

 Corporation Information Sheet 
 Canada Business Corporations Act (CBCA) 
 Fiche de
renseignements 
 Concernant la societe 
 Loi ILLEGIBLE cur les societes par actions (LCSA) 

7546360 CANADA INC. 
 Corporation Number 
 754636-0 

Numero de societe 
 Corporation Key 
 Cle de societe 

Requested for changes of address or directors ILLEGIBLE 

84343573 
 ILLEGIBLE 
 Anniversary Date 

05-07 
 ILLEGIBLE 
 Requested to ILLEGIBLE 

Date ILLEGIBLE 
 ILLEGIBLE 
 Annual Returns Filing Period ILLEGIBLE
2011 
 05-07 to/au 07-06 
 ILLEGIBLE 
 Periode poor deposer le rapport annuel
ILLEGIBLE 2011 
 Reporting Obligations 
 A ILLEGIBLE can be ILLEGIBLE if it ILLEGIBLE in filing a document required by the CBCA To understand the ILLEGIBLE reporting ILLEGIBLE Keeping Your ILLEGIBLE in Good Standing ILLEGIBLE or
ILLEGIBLE) 
 Obligations de declaration 
 ILLEGIBLE societe ILLEGIBLE 
 Corporate Name

 Where a ILLEGIBLE has been approved be ILLEGIBLE that the ILLEGIBLE in the NUANS ILLEGIBLE report). The
corporation may be required to change its name in the event that ILLEGIBLE are made to ILLEGIBLE established that ILLEGIBLE to occur ILLEGIBLE that may ILLEGIBLE granted ILLEGIBLE to the ILLEGIBLE For addressed ILLEGIBLE Presenting Year Corporate
Name (enclosed or available ILLEGIBLE) 
 Denomenation societe 

ILLEGIBLE Canada ILLEGIBLE la ILLEGIBLE societe ILLEGIBLE NUANS ILLEGIBLE Web 

Canada 
 Telephone/ Telephone 
 1-866-ILLEGIBLE 

Email / ILLEGIBLE 
 ILLEGIBLE.ca 
 Website / ILLEGIBLE Web 

www ILLEGIBLE ca 







 



 
 BIOAMBER SARNIA INC. 

APPLICANT#: 5000002171 
 PROJECT #:509040 
 Industry 

Canada 
 Industrie 
 Canada 

Certificate of Incorporation 
 Certificat de constitution 
 Canada Business
Corporations Act 
 Loi canadienne sur les societes par actions 

7546360 CANADA INC. 
 Corporate name / Denomination societe 
 754636-0

 Corporation number/Numero de societe 
 I HEREBY CERTIFY that the above-named corporation, the articles of incorporation of which are attached, is incorporated under the Canada Business Corporations Act. 

JE CERTIFIE que la societe susmentionnee, dont les statuts constitutifs sont joint, est constituee en vertu de la Loi
canadienne sur les societes par actions. 
 Aissa Aomari 

Deputy Director / Derecteur ILLEGIBLE 
 2010-05-07 
 Date of Incorporation (YYYY-MM-DD)

 Date de constitution (AAAA-MM-JJ) 
 Canada 







 



 
 BIOAMBER SARNIA INC. 

APPLICANT#: 5000002171 
 PROJECT #:509040 
 Schedule / Annexe Other
Provisions / Autres dispositions 
 7 OTHER PROVISIONS BORROWING POWERS 

7.1 The Board of Directors may by resolution and without the approval of the shareholders. 

7.1.1. Borrow money, taking into account the credit of the Corporation, 

7.1.2 Issue, reissue, sell or pledge the Corporation’s debt instruments. 

7.1.3 Guarantee in the name of the Corporation the execution of an obligation of which another person is responsible

 71.4 Delegate one or many of the aforementioned powers to a director, a committee of directors or to an
officer of the Corporation. 







 



 
 BIOAMBER SARNIA INC. 

APPLICANT #: 5000002171 
 PROJECT #:509040 
 Industry 

Industrie 
 Canada 
 Canada 

Certificate of Amendment 
 Certificat de modification 
 Canada Business
Corporations Act 
 Loi canadienne sur les societes par actions 

BLUEWATER BIOCHEMICALS INC. 
 Corporate name / Denomination sociale 
 754363-0

 Corporation number/Numero de societe 
 I HEREBY CERTIFY that the articles of the above-named corporation are amended under section 179 of the Canada Business Corporations Act as set out in the attached articles of amendment.

 JE CERTIFIE que les status de la societe susmentionnee sont modifies aux termes de l’article 179 de la
Loi canadienne sur les societes par actions, tel quil est indique dans les clauses modificatrices ci-jointes. 

Aissa Aomarl 
 Deputy Director / Director adjount 
 2010-05-11

 Date of Amendment (YYYY-MM-DD) 
 Date de modification (AAAA-MM-JJ) 
 Canada








 



 
 BIOAMBER SARNIA INC. 

APPLICANT #: 5000002171 
 PROJECT #:509040 
 Industry 

Canada 
 Industrie 
 Canada 

Form 4 
 Articles of Amendment 
 Canada Business
Corporations Act 
 (CBCA) (s. 27 or 177) 

Formulaire 4 
 Clauses modificatrices 
 Loi canadienne sur les
societes par 
 actions (LCSA) (art 27 ou 177) 

1 
 Corporate name 
 Denomination societe 

7546360 CANADA INC. 
 2 
 Corporation number 

Numero de la sociele 
 754636-0 
 3 

The articles are amended as follows 
 Les statuts sont modifies de la facon survante 

The corporation changes its name to 
 La denomination societe est modifies pour 

BLUEWATER BIOCHEMICALS INC. 
 4 
 Declaration I certify that I am a director or
an officer of the corporation 
 Declaration J’atteste que je surs un adminstrateus ou un dengeant de la
societe 
 Original signed by / Original signe par 

Jean-Francois Huc 
 Jean-Francois Huc 514-844-8000 
 Note
Misrepresentation ILLEGIBLE a person is liable to a fine not exceeding $5000 or to ILLEGIBLE for a term not ILLEGIBLE months or both (ILLEGIBLE 250(1) of the CBCA) 
 ILLEGIBLE 
 Canada 

IC 3069 (2008/04) 







 



 
 BIOAMBER SARNIA INC. 

APPLICANT #: 5000002171 
 PROJECT #:509040 
 Industry 

Canada 
 Industrie 
 Canada 

Form 4 
 Articles of Amendment 
 Canada Business
Corporations Act 
 (CBCA) (s. 27 or 177) 

Formulaire 4 
 Clauses modificatrices 
 Loi canadienne sur les
societes par 
 actions (LCSA) (art 27 ou 177) 

1 
 Corporate name 
 Denomination sociale 

BLUEWATER BIOCHEMICALS INC. 
 2 
 Corporation number 

Numero de la societe 
 754636-0 
 3 

The articles are amended as follows 
 Les statuts sont modifies de la facon survante 

The corporation changes the province or territory in Canada where the registered office is situated to. 

La province ou le territorie au Canada ou est situe le uege social est modifie pour 

QC 
 4 
 Declaration I certify that I am a director or
an officer of the corporation 
 Declaration J’atteste que je surs un administratues ou un dingeant de la
societe 
 Jean-Francois Huc 514-844-8000 

Note Misrepresentation ILLEGIBLE a person is liable to a fine not exceeding $5000 or to ILLEGIBLE for a term not ILLEGIBLE
months or both (ILLEGIBLE 250(1) of the CBCA) 
 ILLEGIBLE 

Canada 
 IC 3069 (2008/04) 







 



 
 BIOAMBER SARNIA INC. 

APPLICANT #: 5000002171 
 PROJECT #:509040 
 Industry 

Canada 
 Industrie 
 Canada 

Form 3 
 Change of Registered Office Address 
 Canada
Business Corporations Act 
 (CBCA) (s. 19) 

Formulaire 3 
 Changement d’adresse du slege social 
 Loi
canadienne sur les societes par actions (LCSA) (art. 19) 
 1 

Corporate name 
 Denomination sociale 
 BLUEWATER BIOCHEMICALS INC.

 2 
 Corporation number 
 Numero de la societe

 754636-0 
 3 
 New registered office address 

Nouvelle adresse du siege social 
 1250, BOULEVARD RENE-LEVESQUE OUEST 
 SUITE 4110

 MONTREAL QC H3B 4W8 
 4 
 Additional address 

Autre adresse 
 5 
 Declaration I certify that I have relevant
knowledge of the corporation and that I am authorized to sign this form. 
 Declaration J’atteste que je
possede une connaissance suffisante de la societe et que je suis autorise(e) a signer le present formulaire 

Jean-Francois Huc 514-844-8000 
 Note Misrepresentation ILLEGIBLE a person is liable to a fine not exceeding $ 5000 or to ILLEGIBLE for a term not ILLEGIBLE months or both (ILLEGIBLE 250(1) of the CBCA) 

ILLEGIBLE 
 Canada 
 IC 3420 (2008/04) 







 



 
 BIOAMBER SARNIA INC. 

APPLICANT #: 5000002171 
 PROJECT #:509040 
 Industry 

Canada 
 Industrie 
 Canada 

Certificate of Amendment 
 Canada Business Corporations Act 
 Certificat de
modification 
 Loi canadienne sur les societes par actions 

BIOAMBER SARNIA INC. 
 Corporate name / Denomination societe 
 754636-0

 Corporation number / Numero de societe 

I HEREBY CERTIFY that the articles of the above-named corporation are amended under section 178 of the Canada Business
Corporations Act as set out in the attached articles of amendment. 
 JE CERTIFIE que les statuts de la societe
susmentionnee sont modifeis aux termes de l’article 178 de la Loi canadienne sur les societes par actions. tel quil est indique dens les clauses modificationnes ca-jointes. 

Marcie Girouard 
 Director/Directour 
 2011-12-01 

Date of Amendment (YYYY-MM-DD) 
 Date de modification (AAAA-MM-JJ) 
 Canada








 



 
 BIOAMBER SARNIA INC. 

APPLICANT #: 5000002171 
 PROJECT #:509040 
 Industry 

Canada 
 Industrie 
 Canada 

Form 4 
 Articles of Amendment 
 Canada Business
Corporations Act 
 (CBCA) (s. 27 or 177) 

Formulaire 4 
 Clauses modificatrices 
 Loi canadienne sur les
societes par 
 actions (LCSA)(art. 27 ou 177) 

1 
 Corporate name 
 ILLEGIBLE 

BLUEWATER BIOCHEMICALS INC. 
 2 
 Corporation number 

ILLEGIBLE 
 754636-0 
 3 

The articles are amended as follows 
 ILLEGIBLE 
 The corporation changes its name to:

 ILLEGIBLE 
 BIOAMBER SARNIA INC. 
 4 

Declaration I certify that I am a director or an officer of the corporation 

Declaration J’ILLEGIBLE que je suis un adminstrateus on un ILLEGIBLE 

Original signed by / Original signe par 
 JEAN-FRANCOIS HUC 
 JEAN-FRANCOIS HUC 

514-844-8000 
 Note Misrepresentation ILLEGIBLE a person is liable to a fine not exceeding $ 5000 or to ILLEGIBLE for a term not ILLEGIBLE months or both (ILLEGIBLE 250(1) of the CBCA) 

ILLEGIBLE 
 Canada 
 IC 3069 (2008/04) 







 



 
 BIOAMBER SARNIA INC. 

APPLICANT #: 5000002171 
 PROJECT #:509040 
 RESOLUTIONS OF THE BOARD OF
DIRECTORS OF BLUEWATER BIOCHEMICALS INC. 
 EFFECTIVE DATE: AUGUST 25, 2011 

REPAYABLE CONTRIBUTION FROM HER MAJESTY THE QUEEN IN RIGHT CANADA REPRESENTED BY THE MINISTER RESPONSIBLE FOR FEDERAL
ECONOMIC DEVELOPMENT AGENCY FOR SOUTHERN ONTARIO 
 WHEREAS the corporation wishes to be granted a repayable
contribution of up to a maximum amount of twelve million dollars ($12,000,000) from her Majesty the Queen in Right of Canada represented by the Minister Responsible for Federal Economic Development Agency for Southern Ontario (the
“Agency”) and that the Agency wishes to make a repayable contribution of such amount to the corporation as part of its Prosperity initiative, the whole in accordance with the Prosperity Initiative Regional Diversification Contribution
Agreement to be entered into between her Majesty the Queen in Right of Canada represented by the Minister Responsible for the Agency and the corporation (the “Contribution Agreement”); 

IT IS RESOLVED: 
 1 To approve that the corporation be granted a repayable contribution of up to a maximum amount of twelve million dollars ($12,000,000) from her Majesty the Queen in Right of Canada
represented by the Minister Responsible for the Agency, the whole in accordance with the Contribution Agreement. 

2 To authorize Mr. Jean-Francois Huc and Mr. Mike Hartmann to sign, for and on behalf of the corporation, the
Contribution Agreement, substantially in the form and terms in which it has been submitted to the Board of directors of the corporation, with any modification that may be required to be done at the sole discretion of Mr. Jean-Francois Huc and
Mr. Mike Hartmann, and to sign any document and to take any action, required or useful, at their sole discretion, in order to give full effect to these resolutions. 
 INSERTION 
 IT IS RESOLVED to keep a copy of the
above-mentioned resolutions in the corporate book of the corporation in accordance with section 117(2) of the Canada Business Corporations Act. 
 VALIDITY 
 We, the undersigned, being all the
directors of the corporation entitled to vote, hereby sign these resolutions so that they shall have the same value as if they had been adopted at a meeting of the Board of directors, in accordance with section 117( 1) of the Canada Business
Corporations Act. 
 JEAN-FRANCOIS HUC 
 MIKE HARTMANN