Document:

EX-10.1

 Exhibit 10.1 

NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS® 
 COMMERCIAL CONTRACT OF SALE 
 (Check all boxes applicable to this Contract -Boxes
not checked do not apply to this Contract) 
 In consideration of the agreements contained in this Commercial Contract of Sale
(the “Contract”), Seller shall sell and convey to Purchaser, and Purchaser shall buy and pay for, the Property (defined below) pursuant to the provisions, and subject to the conditions, of this Contract. 

1. PARTIES. The parties to this contract are: 
 Seller: Vista Land & Equipment, L.L.C. 
 Address: 4301 Vista Road

 Pasadena, TX 77504 
 Phone: (713)378-3000
                                   Fax: 

Email:    -                

 Purchaser: RCR Healthcare, LLC DBA-Sundance Hospital Dallas 

Address: 2707 Airport Freeway # 216, 
 Fort Worth, TX 76111 

Phone;                      
                                       Fax: 

Email:     ,----,———————————--,———- 

2. PROPERTY. The address of the Property is: 
 2692 W. Walnut Street 
 Garland Texas 75042. The Property is located in
Dallas County, Texas, the land portion of which is further described as: 
 Garland Hospital & Clinic Rep. Blk 1 lots 1-4
Acres 22. 714 
 or as described in Exhibit “A”, LEGAL DESCRIPTION and/or shown on Exhibit
“B”, SITE PLAN. The Property includes, all and singular, all improvements and fixtures situated thereon, and all rights and appurtenances pertaining thereto, including any right, title and interest of Seller in and to adjacent streets,
alleys, or rights-of-way (such land, improvements, fixtures, rights and appurtenances being collectively herein referred to as the “Property”). 
 3. PURCHASE PRICE. 
 A. Amount and Payable. The purchase price for the Property
is $5,100,000.00 (the “Purchase Price”), payable at the Closing as follows (with the Earnest Money to be applied to the Purchase Price) [Check only one]: 

 

	 	(x) (1)	All in cash (meaning Good Funds, as defined in Section 4F below). If this Contract is subject to approval for Purchaser to obtain financing from a third party,
then Addendum B-l, THIRD PARTY FINANCING is attached. 

  

	 	 0  (2)	Part in cash (Good Funds), in the following amount or percentage [Check only one]: 

0
(a) $                     
 0 (b)
                                        
                                         
                percent (     %) of the Purchase Price. 

  
 1 

 If only part of the Purchase Price is to be paid in cash, then the balance of the Purchase
Price will be paid according to the provisions in Addendum_B2, SELLER FINANCING. If part of the Purchase Price is to be paid by Purchaser assuming an existing promissory note secured by the Property, or taking the Property subject to an
existing promissory note secured by the Property, then Addendum B-3, EXISTING LOAN, is attached. 
 B. DELETED. 

4. EARNEST MONEY AND TITLE COMPANY ESCROW. 
 A. Title Company. The Title Company to serve as escrow agent for this Contract is (the “Title Company’): 
 Capital Title 
 2951 Ridge Road 

Rockwall, TX 75032 
 B.
Effective Date. The “Effective Date” is the date the Title Company acknowledges receipt of this fully executed Contract as indicated by the signature block for the Title Company. 

C. Earnest Money. Within two (2) Business Days after the Effective Date, Purchaser shall deliver an earnest money deposit in the
amount of $ 100,000.00 (the “Earnest Money”) payable to the Title Company, in its capacity as escrow agent, to be held in escrow pursuant to the terms of this Contract. Seller’s acceptance of this Contract is expressly
conditioned upon Purchaser’s timely deposit of the Earnest Money with the Title Company. If Purchaser fails to timely deposit the Earnest Money with the Title Company, then Seller may, at Seller’s option, terminate this Contract by
delivering a written termination notice to Purchaser at any time until Purchaser deposits the Earnest Money with the Title Company. 
 The Title Company shall deposit the Earnest Money in one or more fully insured accounts in one or more federally insured banking or savings institutions. Purchaser hereby instructs the Title Company to
promptly deposit the check upon receipt (which instruction may not be retracted without Seller’s written consent). After receipt of necessary tax forms from Purchaser, the Title Company will deposit the Earnest Money in an interest bearing
account unless this box (x) is checked, in which case the Title Company will not be required to deposit the Earnest Money in an interest bearing account. Any interest earned on the Earnest Money will become a part of the Earnest Money. At the
Closing, the Earnest Money will be applied to the Purchase Price or, at Purchaser’s option, will be returned to Purchaser upon full payment of the Purchase Price. 
 D. Independent consideration. Notwithstanding anything in this Contract to the contrary, a portion of the Earnest Money in the amount of $50,000.00, will be non-refundable and will be distributed to
Seller upon any termination of this Contract, other than pursuant to Section 6 or Section 13A, as independent consideration for Seller’s performance under this Contract If this Contract is properly terminated by Purchaser pursuant to
a right of termination granted to Purchaser by any provision of this Contract, the Earnest Money will be promptly returned to Purchaser. Any provision of this Contract that states that the Earnest Money is to be returned to Purchaser means that the
Earnest Money, less the non-refundable portion, is to be returned to Purchaser. 
 E. Escrow. The Earnest Money is deposited
with the Title Company with the understanding that the Title Company is not: (1) responsible for the performance or non-performance of any party to this Contract; or (2) liable for interest on the funds except to the extent interest has
been earned after the funds have been deposited in an interest bearing account. 
 F. Definition of Good Funds. “Good
Funds” means currently available funds, in United States dollars, paid in the form of a certified check, cashier’s check, official bank check or wire transfer acceptable· to the Title Company, such that the payment may not be
stopped by the paying party. Any reference in this Contract to “cash” means Good Funds. 
 5. SURVEY AND TITLE.

 A. Survey. Within twenty (20) days after the Effective Date [Check only one]: 

 

	 	(    )	Seller shall deliver to Purchaser a new survey (the “Survey”) of the Property prepared at Seller’s expense. 

 

	 	(    )	Seller shall deliver to Purchaser a new survey (the “Survey”) of the Property prepared at Purchaser’s expense. 

  
 2 

	 	(    )	Seller shall deliver to Purchaser a new survey (the “Survey”) of the Property prepared at Purchaser’s expense, and Seller will give a credit to Purchaser
against the Purchase Price at the Closing for the cost of the Survey in an amount not to exceed $            . 

 

	 	(X)	Seller shall deliver to Purchaser a copy of the most recent existing survey (the “Survey”) of the Property in Seller’s possession. Seller shall also
deliver an Affidavit to the Title Company, in form and substance reasonably satisfactory to the Title Company; stating that none of the improvements on the Property and other matters shown by the existing Survey have changed since the existing
Survey was prepared. If Purchaser, Purchaser’s lender or the Title Company requires a new survey for any reason, then Purchaser shall pay for the cost of the new Survey, and [check only one]: 0 Seller will not be required to pay for any portion
of the cost of the new Survey; or (x) Seller will give a credit to Purchaser against the Purchase Price at the Closing for the cost of the new Survey in an amount not to exceed $1,000.00. 

Any new Survey must: 
  

	 	(1)	be prepared by a Registered Professional Land Surveyor; 

  

	 	(2)	be in a form reasonably acceptable to Purchaser and the Title Company; 

  

	 	(3)	set forth a legal description of the Property by metes and bounds or by reference to a platted lot or lots; 

 

	 	(4)	show that the Survey was made on the ground with comers marked with monuments either found or placed; 

 

	 	(5)	show any discrepancies or conflicts in boundaries, and any visible encroachments; 

 

	 	(6)	contain the surveyor’s certificate that the Survey is true and correct; and 

 

	 	(7)	show the location and size of all of the following on or immediately adjacent to the Property, if any, if recorded or visible and apparent: 

 

	 	(a)	buildings, 

  

	 	(b)	building set back lines (as shown on any recorded plat, but not as may be described in any restrictive covenants or zoning ordinances), 

 

	 	(c)	streets and roads, 

  

	 	(d)	100-year flood plain (approximate location), (e) improvements, 

  

	 	(f)	encroachments, 

  

	 	(g)	easements, 

  

	 	(h)	recording information of recorded easements, (i) pavements, 

  

	 	G)	protrusions, 

  

	 	(k)	fences, 

  

	 	(1)	rights-of-way, and 

  

	 	(m)	any markers or other visible evidence of utilities. 

 Any area of the Property within the 100-year flood plain will be shown on the Survey as the approximate location of the 100-year flood plain as defined by the Federal Emergency Management Agency or other
applicable governmental authority. If the area within any 100-year flood plain is to be deducted for the purpose of determining Net Land Area (defined below), then the Survey must show the area of the Property covered by the 100-year flood plain,
and that area, as reasonably determined by the surveyor, will be conclusive for purposes of this Contract, even though the surveyor may qualify that determination as approximate. 

After the delivery of the Survey, the legal description of the Property set forth in the Survey will be incorporated in this Contract as
the legal description of the Property, and will be used in the deed and any other documents requiring a legal description of the Property. 
 The Survey must show the gross land area of the Property, and if the Purchase Price is based upon the Net Land Area then the Survey must also show the Net Land Area, expressed in both acres and square
feet. The term “Net Land Area” means the gross land area of the Property less the area within any of the following (if recorded or visible and apparent, but excluding those within set back areas) [Check all that apply]: 

 

	 	IxI	utility easements; 

  
 3 

	 	IxI	drainage easements; 

  

	 	IxI	access easements; 

  

	 	IxI	rights-of way; 

  

	 	IxI	100-year flood plain; and 

  

	 	IxI	any encroachments on the Property. 

 B. Title Commitment. Within twenty (20) days after the Effective Date, Seller shall deliver or cause to be delivered to Purchaser: 

(I) A title commitment (the “Title Commitment” covering the Property binding the Title Company to Texas Owner Policy of Title
Insurance (the “Title Policy”) on the standard form prescribed by the Texas Department of Insurance at the Closing, in the full amount of the Purchase Price, insuring Purchaser’s fee simple title to the Property to be good and
indefeasible, subject only to the Permitted Exceptions (defined below); and 
 (2) the following (collectively, the “Title
Documents”): 
 (a) true and legible copies of all recorded instruments affecting the Property and recited as exceptions in
the Title Commitment; 
 (b) a current tax certificate; 

(c) any written notices required by applicable statutes, including those referenced in Section 17; and 

(d) if the Property includes any personal property, UCC search reports pertaining to the Seller. 

6. REVIEW OF SURVEY AND TITLE. 
 A. Title Review Period. Purchaser will have 15 days (the “Title Review Period”) after receipt of the last of the Survey, Title Commitment and Title Documents to review them and to deliver a
written notice to Seller stating any objections Purchaser may have to them or any item disclosed by them. Purchaser’s failure to object within the time provided will be a waiver of the right to object. Any item to which Purchaser does not
object will be deemed a “Permitted Exception.” The items set forth on Schedule C of the Title Commitment, and any other items the Title Company identifies to be released upon the Closing, will be deemed objections by Purchaser.
Zoning ordinances and the lien for current taxes are deemed to be Permitted Exceptions. 
 B. Cure Period. If
Purchaser delivers any written objections to Seller within the Title Review Period, then Seller shall use reasonable efforts to cure the objections within ten (10) days (the “Cure Period”) after receipt of the objections. However,
Seller is not required to incur any cost to do so. If Seller cannot cure the objections within the Cure Period, Seller may deliver a written notice to Purchaser, before expiration of the Cure Period, stating whether Seller is committed to cure the
objections at or before the Closing. If Seller does not cure the objections within the Cure Period, or does not timely deliver the notice, or does not commit in the notice to fully cure all of the objections at or before the Closing, then Purchaser
may terminate this Contract by delivering a written notice to Seller on or before the earlier to occur of: (1) the date that is seven (7) days after the expiration of the Cure Period; or (2) the expiration of the Inspection Period.

 C. New Items. If any new items are disclosed by any updated Survey, updated Title Commitment, or any new Title Documents,
that were not disclosed to Purchaser when the Survey, Title Commitment, and Title Documents were first delivered to Purchaser, then Purchaser will have fifteen (15) days to review the new items and to deliver a written notice to Seller stating
any objections Purchaser may have to the new items. If Purchaser timely delivers any written objections as to the new items to Seller, then Seller shall use reasonable efforts to cure the objections to the new items within ten (10) days (the
“Additional Cure Period”) after receipt of the objections as to the new items. However, Seller is not required to incur any cost to do so. If Seller does not cure the objections as to the new items within the Additional Cure Period, or
does not deliver a written notice to Purchaser before the expiration of the Additional Cure Period stating whether Seller is committed to cure the objections as to the new items at or before the Closing, then Purchaser may terminate this Contract by
delivering a written notice to · Seller on or before the earlier to occur of: (1) that date that is seven (7) days after the expiration of the Additional Cure Period; or (2) the scheduled Closing Date. 

D. Return of Earnest Money or Waiver. If Purchaser properly and timely terminates this Contract, the Earnest Money will be returned to
Purchaser in accordance with Paragraph 4(D). If Purchaser does not properly and timely terminate this Contract, then Purchaser will be deemed to have 

  
 4 

 
waived any uncured objections and must accept title at the Closing subject to the uncured objections and other Permitted Exceptions. Seller’s failure to cure Purchaser’s objections
under this Section 6 does not constitute a default by Seller. 
 7. SELLER’S REPRESENTATIONS. 

A. Statements. Seller represents to Purchaser, to the best of Seller’s knowledge, as follows: 

(1) Deleted. 
 (2) Leases. There are no parties in possession of any portion of the Property as lessees, tenants at sufferance or trespassers. 

(3) Deleted. 
 (4) Litigation. There is no pending or threatened litigation, condemnation, or assessment affecting the Property. Seller shall promptly advise Purchaser of any litigation, condemnation or assessment
affecting the Property that is instituted after the Effective Date. 
 (5) Deleted. 

(6) Hazardous Materials. Except as otherwise disclosed in writing by Seller to Purchaser, Seller has not received any
notice of any violation of any environmental law regarding any hazardous materials (defined below). 
 B. Remedies. If Purchaser
discovers, before the Closing, that any of Seller’s representations have been misrepresented in any material respect, Purchaser may notify Seller of the misrepresentation in writing, and Seller shall attempt to correct the misrepresentation.

 C. Negative Covenants. After the Effective Date and through the Closing, Seller shall not, without Purchaser’s prior
written approval: (1) further encumber the Property or allow an encumbrance upon the title to the Property, or modify the terms of any existing encumbrance, if the encumbrance would still be in effect after Closing; or (2) enter into any
lease or contract affecting the Property, if the lease or contract would still be in effect after Closing. However, Seller may enter into a lease or contract with an independent third party, in the ordinary course of business, without
Purchaser’s consent, if Purchaser will be entitled to terminate the lease or contract after Closing, without incurring any termination charge, by delivering a termination notice thirty (30) days in advance of the termination date. If
Seller enters into any lease or contract affecting the Property after the Effective Date, then Seller shall promptly deliver a photocopy of the signed document to Purchaser. 
 8. NONCONFORMANCE. Purchaser has or will independently investigate and verify to Purchaser’s satisfaction the extent of any limitations of uses of the Property. Purchaser acknowledges that the
current use of the Property or the improvements located on the Property (or both) may not conform to applicable Federal, State or municipal laws, ordinances, codes or regulations. Zoning, permitted uses, height limitations, setback requirements,
minimum parking requirements, limitations on coverage of improvements to total area of land, Americans with Disabilities Act requirements, wetlands restrictions and other matters may have a significant economic impact upon the intended use of the
property by Purchaser. 
 9. INSPECTION. [Check only one] 

 

	 	(X)	Inspection Desired. Purchaser desires to inspect the Property and Seller grants to Purchaser the right to inspect the Property as described in Addendum C,
INSPECTION. 

  

	 	(    )	Inspection Not Necessary. Purchaser acknowledges that Purchaser has inspected the Property, including all buildings and improvements, and is thoroughly familiar with
their condition. Purchaser accepts the Property in its present “AS IS” condition, and any changes caused by normal wear and tear before the Closing, but without waiving Purchaser’s rights by virtue of Seller’s representations
expressed in this Contract. 

 10. CASUALTY LOSS AND CONDEMNATION. 

A. Damage or Destruction. All risk of loss to the Property will remain on Seller before the Closing. If the Property is damaged or
destroyed by fire or other casualty, then Purchaser may terminate this Contract by 

  
 5 

 
delivering a written termination notice to Seller within ten (10) days after the date the casualty occurred (and in any event before the Closing), in which case the Earnest Money will be
returned to Purchaser. If the transaction is to proceed to Closing, despite any damage or destruction, there will be no reduction in the Purchase Price and Seller shall assign to Purchaser all of Seller’s right, title and interest in and to any
claims Seller may have under the property insurance policies covering the property. 
 B. Condemnation. If condemnation
proceedings are commenced before the Closing against any portion of the Property, then Seller shall immediately notify Purchaser in writing of the condemnation proceedings, and Purchaser may terminate this Contract by delivering a written notice to
Seller within ten (10) days after Purchaser receives the notice (and in any event before the Closing), in which case the Earnest Money will be returned to Purchaser. If this Contract is not terminated, then any condemnation award will
(a) if known on the Closing Date, belong to Seller and the Purchase Price will be reduced by the same amount, or (b) if not known on the Closing Date, belong to Purchaser and the Purchase Price will not be reduced. 

11. ASSIGNMENT. (Check only one) 
  

	 	(    )	A. Assignment Permitted. Purchaser may assign this Contract provided the assignee assumes in writing all obligations and liabilities of Purchaser under this Contract,
in which event Purchaser will be relieved of any further liability under this Contract. 

  

	 	(X)	B Limited Assignment Permitted. Purchaser may assign this Contract only to a related party, defined as: (1) an entity in which Purchaser is an owner, partner or
corporate officer; (2) an entity which is owned or controlled by the same person or persons that own or control Purchaser; or (3) a member or members of the immediate family of Purchaser, or a trust in which the beneficiary or
beneficiaries is or are a member or members of the immediate family of Purchaser. Purchaser will remain liable under this Contract after any assignment. 

  

	 	(    )	C. Assignment Prohibited. Purchaser may not assign this Contract without Seller’s prior written consent. 

12. CLOSING. 

A. Closing Date. The closing of the transaction described in this Contract (the “Closing”) will be held at the offices of the
Title Company at its address stated below, on the date (the “Closing Date”) that is [complete only one]: 
 15 days after the expiration of the Financing Contingency Period defined in Addendum B-1. 
 B. Seller’s Closing Obligations. At the Closing, Seller shall deliver to Purchaser, at Seller’s expense: 
 (1) A duly executed [check only one} 0 General Warranty Deed [x] Special Warranty Deed (with vendor’s lien retained if financing is given by Seller or obtained from a third party) conveying the
Property in fee simple according to the legal description prepared by the surveyor as shown on the Survey, subject only to the Permitted Exceptions; 
 (2) An updated Title Commitment committing the underwriter for the Title Company to issue promptly after the Closing, at Seller’s expense, the Title Policy pursuant to the Title Commitment, subject
only to the Permitted Exceptions, in the full amount of the Purchase Price, dated as of the date of the Closing, and (at an additional premium cost) {check only one if applicable] (     ) with the survey exception modified at
Seller’s expense to read “any shortages in area,” or (     ) with the survey exception modified at Purchaser’s expense to read “any shortages in area;” 

(3) A Bill of Sale conveying the personal property, if any, including, but not limited to, any described on Addendum
A, IMPROVED PROPERTY, free and clear of liens, security interests and encumbrances, subject only to the Permitted Exceptions (to the extent applicable); 
 (4) Possession of the Property, subject to valid existing leases disclosed by Seller to Purchaser and other applicable Permitted Exceptions; 

(5) Deleted. 
 (6) Deleted. 

  
 6 

 (7) Evidence of Seller’s authority and capacity to close this transaction; and

 (8) All other documents reasonably required by the Title Company to close this transaction. 

 

	 	C.	Purchaser’s Closing Obligations. At the Closing, Purchaser shall deliver to Seller, at Purchaser’s expense: 

(1) The cash portion of the Purchase Price (with the Earnest Money being applied to the Purchase Price); 

(2) The Note and the Deed of Trust, if Addendum B-2, SELLER FINANCING, is attached; 

(3) An Assumption Agreement in recordable form agreeing to pay all commissions payable under any lease affecting the Property;

 (4) Evidence of Purchaser’s authority and capacity to close this transaction; and 

(5) All other documents reasonably required by the Title Company to close this transaction. 

 

	 	D.	Closing Costs. Each party shall pay its share of the closing costs which are customarily paid by a seller or purchaser in a transaction of this character in the county
where the Property is located, or as otherwise agreed. Purchaser shall solely be responsible for the costs of any title policy endorsements and for the costs attributable to any requested modifications to the standard printed exceptions.

 E. Prorations. Rents, lease commissions, interest on any assumed loan, insurance premiums on any transferred
insurance policies, maintenance expenses, operating expenses, standby fees, and ad valorem taxes for the year of the Closing will be prorated at the Closing effective as of the date of the Closing. Seller shall give a credit to Purchaser at the
Closing in the aggregate amount of any security deposits deposited by tenants under leases affecting the Property. If the Closing occurs before the tax rate is fixed for the year of the Closing, the apportionment of the taxes will be upon the basis
of the tax rate for the preceding year applied to the latest assessed valuation, but any difference between actual and estimated taxes for the year of the Closing actually paid by Purchaser will be adjusted equitably between the parties upon receipt
of a written statement of the actual amount of the taxes. This provision will survive the Closing. 
 F. Rollback Taxes. If any
Rollback Taxes are due before the Closing due to a change in use of the Property by Seller or a denial of any special use valuation of the Property before the Closing, then Seller shall pay those Rollback Taxes (including any interest and penalties)
at or before the Closing. If this sale or a change in use of the Property or denial of any special use valuation of the Property after the Closing would result in the assessment after the Closing of additional taxes and interest applicable to the
period of time before the Closing (“Rollback Taxes”), then: (I) Purchaser shall pay the Rollback Taxes (including any interest and penalties) if and when they are assessed, without receiving any credit from Seller; unless
(2) this box [(x) is checked, in which case Seller shall give a credit to Purchaser at the Closing for the amount of the Rollback Taxes (including interest and penalties) that may be assessed after the Closing as reasonably estimated by the
Title Company, and Purchaser shall pay the Rollback Taxes (including any interest and penalties) if and when they are assessed after the Closing. If Seller gives a credit to Purchaser for the estimated amount of Rollback Taxes, and the actual
Rollback Taxes assessed after the Closing are different from the estimate used at the Closing, then there will be no subsequent adjustment between Seller and Purchaser. 
 G. Loan Assumption. If Purchaser assumes an existing mortgage loan, or takes the Property subject to an existing lien, at the Closing, Purchaser shall pay: (1) to the lender, any assumption fee
charged by the lender; (2) to the lender, reasonable attorney’s fees charged by the lenders’ attorney; and (3) to Seller, a sum equal to the amount of any reserve accounts held by the lender for the payment of taxes, insurance
and any other expenses applicable to the Property for which reserve accounts are held by the lender, and Seller shall transfer the reserve accounts to Purchaser. Purchaser shall execute, at the option and expense of Seller, a Deed of Trust to Secure
Assumption 

  
 7 

 
with a trustee named by Seller. If consent to the assumption is required by the lender, Seller shall obtain the lender’s consent in writing and deliver the consent to Purchaser at the
Closing. If Seller does not obtain the lender’s written consent (if required) and deliver it to Purchaser at or before the Closing, Purchaser may terminate this Contract by delivering a written termination notice to Seller, and the Earnest
Money will be returned to Purchaser. 
 H. Foreign Person Notification. 1f Seller is a Foreign Person, as defined by the
Internal Revenue Code, or if Seller fails to deliver to Purchaser a non-foreign affidavit pursuant to §1445 of the Internal Revenue Code, then Purchaser may withhold from the sales proceeds an amount sufficient to comply with applicable tax law
and deliver the withheld proceeds to the Internal Revenue Service, together with appropriate tax forms. A non-foreign affidavit from Seller must include: (I) a statement that Seller is not a foreign person; (2) the U. S. taxpayer
identification number of Seller, and (3) any other information required by Section 1445 of the Internal Revenue Code. 

13. DEFAULT. 
  

	 	A.	Purchaser’s Remedies. If Seller fails to close this Contract for any reason except Purchaser’s default or the termination of this Contract pursuant to a right
to terminate set forth in this Contract, Seller will be in default and Purchaser may either (1) enforce specific performance of this Contract (force Seller to sell the Property to Purchaser pursuant to this Contract) provided that the right to
enforce specific performance shall not require Seller to remove any title encumbrances not affirmatively placed on the property by Seller, or (2) terminate this Contract by delivering a written notice to Seller. If Purchaser elects to terminate
this Contract due to Seller’s default, then Purchaser will be deemed to have waived any other remedies available to Purchaser and the Earnest Money will be returned to Purchaser. In the event Purchaser fails to file civil action for specific
performance within 90 days after such default, Purchaser shall be deemed to have waived its right to specific performance of this Contract. 

 The foregoing will be Purchaser’s sole and exclusive remedies for Seller’s default unless this box (    )is checked , in which case Purchaser may sue Seller for damages. If
the box is checked to allow Purchaser to sue Seller for damages, then Purchaser must elect to pursue either specific performance or a claim for damages at the beginning of any legal action initiated by Purchaser. 

1. 
 B. Seller’s
Remedies. If Purchaser fails to close this Contract for any reason except Seller’s default or the termination of this Contract pursuant to a right to terminate set forth in this Contract, Purchaser will be in default and Seller may terminate
this Contract and receive the Earnest Money as liquidated damages for Purchaser’s breach of this Contract, thereby releasing Purchaser from this Contract. If Seller terminates this Contract due to Purchaser’s default, then the Earnest
Money will be paid to Seller. 
 The right to receive the Earnest Money will be Seller’s sole and exclusive remedy for
Purchaser’s default unless one of the following remedies is selected, in which case Seller may sue Purchaser: (x) to enforce specific performance (force Purchaser to purchase the Property pursuant to this Contract); or
(    ) for damages. If one or both of the boxes is checked to allow Seller to sue Purchaser to enforce specific performance or for damages, then Seller must elect to either receive the Earnest Money as liquidated damages or
pursue one of the other selected remedies at the beginning of any legal action initiated by Seller. 
 14. AGENCY DISCLOSURE.

 A. Agency Relationships. The term “Brokers” refers to the Principal Broker and the Cooperating Broker, if
applicable, as set forth on the signature page. Each Broker has duties only to the party the Broker represents as identified below. If either Broker is acting as an intermediary, then that Broker will have only the duties of an intermediary, and the
intermediary disclosure and consent provisions apply as set forth below. [Each broker check only one] 
 (1) The Principal
Broker is: (x) agent for Seller only; or (    ) agent for Purchaser only; or (    ) an intermediary. 
 (2) The Cooperating Broker is: (    ) agent for Seller only; or (X) agent for Purchaser only; or (    ) an intermediary. 

  
 8 

 B. Other Brokers. Seller and Purchaser each represent to the other that they have had no
dealings with any person, firm, agent or finder in connection with the negotiation of this Contract or the consummation of the purchase and sale contemplated by this Contract, other than the Brokers named in this Contract, and no real estate broker,
agent, attorney, person, firm or entity, other than the Brokers, is entitled to any commission or finder’s fee in connection with this transaction as the result of any dealings or acts of the representing party. Each party agrees to indemnify;
defend, and hold the other party harmless from and against any costs, expenses or liability for any compensation, commission, fee, or charges that may be claimed by any agent, finder or other similar party, other than the Brokers, by reason of any
dealings or acts of the indemnifying party. 
 C. Fee Sharing. Seller and Purchaser agree that the Brokers may share the Fee
(defined below) among themselves, their sales associates, and any other licensed brokers involved in the sale of the Property. The parties authorize the Title Company to pay the Fee directly to the Principal Broker and, if applicable, the
Cooperating Broker, in accordance with Section 15 (Professional Service Fee) or any other agreement pertaining to the Fee. Payment of the Fee will not alter the fiduciary relationships between the parties and the Brokers. 

D. Intermediary Relationship. If either of the Brokers has indicated in Section14A (Agency Relationships) that the Broker is acting as an
intermediary in this transaction, then Purchaser and Seller hereby consent to the intermediary relationship, authorize such Broker or Brokers to act as an intermediary in this transaction, and acknowledge that the source of any expected compensation
to the Brokers will be Seller, and the Brokers may also be paid a fee by Purchaser. A broker is required to treat each party honestly and fairly and to comply with the Texas Real Estate License Act. A broker who acts as an intermediary in a
transaction: 
 < 
 (1) shall treat all parties honestly; 
 (2) may not disclose that
the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; 

(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless
authorized in writing to do so by the buyer; and 
 (4) may not disclose any confidential information or any
information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by the Texas Real Estate License Act or a court order or if the information
materially relates to the condition of the property. 
 Broker is authorized to appoint, by providing written
notice to the parties, one or more licensees associated with Broker to communicate with and carry out instructions of one party, and one or more other licensees associated with Broker to communicate with and carry out instructions of the other party
or parties. During negotiations, an appointed licensee may provide opinions and advice to the party to whom the licensee is appointed. 
 15. PROFESSIONAL SERVICE FEE. 
 A. Payment of Fee. Seller agrees to pay the Brokers
a professional service fee (the “Fee”) for procuring the Purchaser and for assisting in the negotiation of this Contract as follows” Total fees 1.5% paid as follows: .3% (20% of listing agent’s fee) to Buyers Agent James Keoughan
RE/MAX Heritage; and 1.2% to Charles Lester CML Advisor. 
 The Fee will be earned upon the execution of this Contract and will
be paid at the Closing of a sale of the Property by Seller pursuant to this Contract (as may be amended or assigned). The Fee will be paid by Seller to the Brokers in the county in which the Property is located. Seller shall pay any applicable sales
taxes on the Fee. The Title Company or other escrow agent is authorized and directed to pay the Fee to the Brokers out of the Closing proceeds. A legal description of the Property, as set forth in this Contract and any Survey delivered pursuant to
this Contract, is incorporated by reference in the agreement pertaining to the Fee set forth or referenced in this Section. 

The Fee is earned notwithstanding: (1) any subsequent termination of this Contract (except a termination by Seller or Purchaser
pursuant to a right of termination in this Contract); or (2) any default by Seller. If the Closing does not occur due to Purchaser’s default, and Seller does not elect tci enforce specific performance,

  
 9 

 
the Fee will not exceed one half of the Earnest Money. If either party defaults under this Contract, then the Fee will be paid within ten (10) days after the scheduled Closing Date, and the
Title Company is authorized to pay the fee out of the Earnest Money or any other escrow deposit made pursuant to this Contract. If Seller defaults, then Seller’s obligation to pay the Fee will not be affected if Purchaser chooses the remedy of
terminating this Contract, and the amount of the Fee will not be limited to the amount of the Earnest Money or any other escrow deposit made pursuant to this Contract. 
 B. Consent Required. Purchaser, Seller and Title Company agree that the Brokers are third party beneficiaries of this Contract with respect to the Fee, and that no change may be made by Purchaser, Seller
or Title Company as to the time of payment, amount of payment or the conditions for payment of the Fee without the written consent of the Brokers. 
 C. Right to Claim a Lien. Pursuant to Chapter 62 of the Texas Property Code, the Brokers hereby disclose their right to claim a lien based on the commission agreement set forth in this Section 15 and
any other commission agreements referenced in this Contract or applicable to the transaction contemplated by this Contract. This disclosure is hereby incorporated in any such commission agreements. 

16. MISCELLANEOUS PROVISIONS. 
 A. Definition of Hazardous Materials. ‘‘Hazardous Materials” means any pollutants, toxic substances, oils, hazardous wastes, hazardous materials or hazardous substances as defined in or
pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, as amended, the Clean Water Act, as amended, or any other Federal, State or local environmental law, ordinance, rule, or regulation, whether existing as of the
Effective Date or subsequently enacted. 
 B. Notices. All notices and other communications required or permitted under this
Contract must be in writing and will be deemed delivered on the earlier of: (1) actual receipt, if delivered in person or by courier, with evidence of delivery; (2) receipt of an electronic facsimile (“Fax”) transmission with
confirmation of delivery to the Fax numbers specified in this Contract, if any; or (3) upon deposit with the United States Postal Service, certified mail, return receipt requested, postage prepaid, and properly addressed to the intended
recipient at the address set forth in this Contract. Any party may change its address for notice purposes by delivering written notice of its new address to all other parties in the manner set forth above. Copies of all written notices should also
be delivered to the Brokers and to the Title Company, but failure to notify the Brokers or the Title Company will not cause an otherwise properly delivered notice to be ineffective. 

C. Termination. If this Contract is terminated for any reason, the parties will have no further rights or obligations under this
Contract, except that: (1) Purchaser shall pay the costs to repair any damage to the property caused by Purchaser or Purchaser’s agents; (2) Purchaser shall return to Seller any reports or documents delivered to Purchaser by Seller;
and (3) each party shall perform any other obligations that, by the explicit provisions of this Contract, expressly survive the termination of this Contract. The obligations of this Section 16C will survive the termination of this
Contract. The tenns of any mutual termination agreement will supersede and control over the provisions of this Section 16C to the extent of any conflict. 
 D. Forms. In case of a dispute as to the form of any document required under this Contract, the most recent form prepared by the State Bar of Texas will be used, modified as necessary to conform to the
terms of this Contract. 
 E. Attorneys’ Fees. The prevailing party in any proceeding brought to enforce this Contract, or
brought relating to the transaction contemplated by this Contract, will be entitled to recover, from the non-prevailing party, court costs, reasonable attorneys’ fees and all other reasonable related expenses. 

F. Integration. This Contract contains the complete agreement between the parties with respect to the Property and cannot be varied except
by written agreement. The parties agree that there are no oral agreements, understandings, representations or warranties made by the parties that are not expressly set forth in this Contract. Any prior written agreements, understandings,
representations or wan-antics between the parties will be deemed merged into and superceded by this Contract, unless it is clear from the written document that the intent of the parties is for the previous written agreement, understanding,
representation or warranty to survive the execution of this Contract. 

  
 10 

 G. Survival. Any representation or covenant contained in this Contract not otherwise
discharged at the Closing will survive the Closing. 
 H. Binding Effect. This Contract will inure to the benefit of, and will be
binding upon, the parties to this Contract and their respective heirs, legal representatives, successors and assigns. 
 I. Time
for Performance. Time is of the essence under each provision of this Contract. Strict compliance with the times for performance is required. 
 J. Business Day. If any date of performance under this Contract falls on a Saturday, Sunday or Texas legal holiday, such date of performance will be deferred to the next day that is not a Saturday, Sunday
or Texas legal holiday. 
 K. Right of Entry. After reasonable advance notice and during normal business hours,
Purchaser, Purchaser’s representatives and the Brokers have the right to enter upon the Property before the Closing for purposes of viewing, inspecting and conducting studies of the Property, so long as they do not unreasonably interfere with
the use of the Property by Seller or any tenants, or cause damage to the Property. 
 L. Governing Law. This
Contract will be construed under and governed by the laws of the State of Texas, and unless otherwise provided in this Contract, all obligations of the parties created under this Contract are to be performed in the county where the Property is
located. 
 M. Severability. If any provision of this Contract is held to be invalid, illegal, or unenforceable
by a court of competent jurisdiction, the invalid, illegal, or unenforceable provision will not affect any other provisions, and this Contract will be construed as if the invalid, illegal, or unenforceable provision is severed and deleted from this
Contract. 
 N. Broker Disclaimer. The Brokers will disclose to Purchaser any material factual knowledge the
Brokers may possess about the condition of the Property. Purchaser understands that a real estate broker is not an expert in matters of law, tax, financing, surveying, hazardous materials, engineering, construction, safety, zoning, land planning,
architecture, or the Americans with Disabilities Act. Purchaser should seek expert assistance on such matters. The Brokers do not investigate a property’s compliance with building codes, governmental ordinances, statutes and laws that relate to
the use or condition of the Property or its construction, or that relate to its acquisition. Purchaser is not relying upon any representations of the Brokers concerning permitted uses of the Property or with respect to any nonconformance of the
Property. If the Brokers provide names of consultants or sources for advice or assistance, the Brokers do not warrant the services of the advisors or their products. The Brokers cannot warrant the suitability of property to be acquired. Purchaser
acknowledges that current and future federal, state and local laws and regulations may require any Hazardous Materials to be removed at the expense of those persons who may have had or continue to have any interest in the Property. The expense of
such removal may be substantial. Purchaser agrees to look solely to experts and professionals selected or approved by Purchaser to advise Purchaser with respect to the condition of the Property and will not hold the Brokers responsible for any
condition relating to the Property. The Brokers do not warrant that Seller will disclose any or all property defects or other matters pertaining to the Property or its condition. Seller and Purchaser agree to hold the Brokers harmless from any
damages, claims, costs and expenses including, but not limited to, reasonable attorneys’ fees and court costs, resulting from or related to any person furnishing any false, incorrect or inaccurate information with respect to the Property,
Seller’s concealing any material information with respect to the condition of the Property, or matters that should be analyzed by experts. To the extent permitted by applicable law, the Brokers’ liability for errors cir omissions,
negligence, or otherwise, is limited to the return of the Fee, if any, paid to the responsible Broker pursuant to this Contract. The parties agree that they are not relying upon any oral statements that the Brokers may have made. Purchaser is
relying solely upon Purchaser’s own investigations and the representations of Seller, if any, and Purchaser acknowledges that the Brokers have not made any warranty or representation with respect to the condition of the Property or otherwise.

 O. Counterparts. This Contract may be executed in a number of identical counterparts. Each counterpart is
deemed an original and all counterparts will, collectively, constitute one agreement. 

  
 11 

 P. Patriot Act Representation. Seller and Purchaser each represent to the other that:
(1) its property interests are not blocked by Executive Order No. 13224, 66 Fed. Reg. 49079; (2) it is not a person listed on the Specially Designated Nationals and Blocked Persons list of the Office of Foreign Assets Control of the
United States Department of the Treasury; and (3) it is not acting for or on behalf of any person on that list. 
 Q.
Exchange. Seller and Purchaser shall cooperate with each other in connection with any tax deferred exchange that either party may be initiating or completing in connection with Section 1031 of the Internal Revenue Code, so long as neither party
will be required to pay any expenses related to the other party’s exchange and the Closing is not delayed. Notwithstanding any other provision that may prohibit the assignment of this Contract, either party may assign this Contract to a
qualified intermediary or exchange accommodation title holder, if the assignment is required in connection with the exchange. The parties agree to cooperate with each other, and sign any reasonable documentation that may be required, to effectuate
any such exchange. 
 17. STATUTORY NOTICES. 
 A. Abstract or Title Policy. At the time of the execution of this Contract, Purchaser acknowledges that the Brokers have advised and hereby advise Purchaser, by this writing, that Purchaser should have
the abstract covering the Property examined by all attorney of Purchaser’s own selection or that Purchaser should be furnished with or obtain a policy of title insurance. 
 B. Notice Regarding Unimproved Property Located in a Certificated Service Area. If the Property is unimproved and is located in a certificated service area of a utility service, then Seller shall give to
Purchaser a written notice in compliance with §13.257 of the Texas Water Code, and Purchaser agrees to acknowledge receipt of the notice in writing. The notice must set forth the correct name of utility service provider authorized by law to
provide water or sewer service to the Property, and must comply with all other applicable requirements of the Texas Water Code. 

C. Special Assessment Districts. If the Property is situated within a utility district or flood control district subject to the
provisions of §49.452 of the Texas Water Code, then Seller shall give to Purchaser the required written notice and Purchaser agrees to acknowledge receipt of the notice in writing. The notice must set forth the current tax rate, the current
bonded indebtedness and the authorized indebtedness of the district, and must comply with all other applicable requirements of the Texas Water Code. 
 D. Property Owners’ Association. If the Property is subject to mandatory membership in a property owners’ association, Seller shall notify Purchaser of the current annual budget of the property
owners’ association, and the current authorized fees, dues and/or assessments relating to the Property. In addition, Seller shall give to Purchaser the written notice required under §5.012 of the Texas Property Code, if applicable, and
Purchaser agrees to acknowledge receipt of the notice in writing. Also, Seller shall give to Purchaser the resale certificate required under Chapter 207 of the Texas Property Code, if applicable, and Purchaser agrees to acknowledge receipt of the
resale certificate in writing. 
 E. Notice Regarding Possible Annexation. If the Property that is the subject of this Contract
is located outside the limits of a municipality, the Property may now or later be included in the extraterritorial jurisdiction of the municipality and may now or later be subject to annexation by the municipality. Each municipality maintains a map
that depicts its boundaries and extraterritorial jurisdiction. To determine if the Property is located within a municipality’s extraterritorial jurisdiction or is likely to be located within a municipality’s extraterritorial jurisdiction,
contact all municipalities located in the general proximity of the Property for further information: 
 F. Notice Regarding
Coastal Area Property. If the Property adjoins or shares a common boundary with the tidally influenced submerged lands of the state, then Seller shall give to Purchaser a written notice regarding coastal area property, in compliance with
§33.135 of the Texas Natural Resources Code, and Purchaser agrees to acknowledge receipt of the notice in writing. 
 G.
Gulf Intracoastal Waterway Notice. If the Property is located seaward of the Gulf Intracoastal Waterway, Waterway, then Seller shall give to Purchaser a written notice regarding the seaward location of the Property, in compliance with §61.025
of the Texas Natural Resources Code, and Purchaser agrees to acknowledge receipt of the notice in writing. 

  
 12 

 H. Notice for Property Located in an Agricultural Development District. If the Property is
located in an agricultural development district, then in accordance with §60.063 of the Texas Agricultural Code: (1) Seller shall give to Purchaser a written notice that the Property is located in such a district; (2) Purchaser agrees
to acknowledge receipt of the notice in writing; and (3) at the Closing, a separate copy of the notice with current information about the district will be executed by Seller and Purchaser and recorded in the deed records of the county in which
the Property is located. 
 I. Disclosure of Dual Capacity as Broker and Principal. [Complete if applicable]. 

                         
                is a licensed Texas real estate broker and is acting in a dual capacity as broker for the Purchaser and as a principal in this transaction, as he or she may be
the Purchaser (or one of the owners of the Purchaser after any assignment of this Contract). 

                         
                                    is a licensed Texas real estate broker
and is acting in a dual capacity as broker for the Seller and as a principal in this transaction, as he or she may be the Seller (or one of the owners of the Seller). 
 18. DISPUTE RESOLUTION. 
 A. Mediation. If any dispute (the “Dispute”)
arises between any of the parties to this Contract including, but not limited to, payment of the Fee, then any party (including any Broker) may give written notice to the other parties requiring all involved parties to attempt to resolve the Dispute
by mediation. Except in those circumstances where a party reasonably believes that an applicable statute of limitations period is about to expire, or a party requires injunctive or equitable relief, the parties are obligated to use this mediation
procedure before initiating arbitration. or any other action. Within seven (7) days after receipt of the mediation notice, each party must deliver a written designation to all other parties stating the names of one or more individuals with
authority to resolve the Dispute on such party’s behalf Within fourteen (14) days after receipt of the mediation notice, the parties shall make a good faith effort to select a qualified mediator to mediate the Dispute. If the parties are
unable to timely agree upon a mutually acceptable mediator, any party may request any state or federal judge to appoint a mediator. In consultation with the mediator, the parties shall promptly designate a mutually convenient time and place for the
mediation that is no later than thirty (30) days after the date the mediator is selected. In the mediation, each patty must be represented by persons with authority and discretion to negotiate a resolution of the Dispute, and may be represented
by counsel. The mediation will be governed by applicable provisions of Chapter 154 of the Texas Civil Practice and Remedies Code, and such other rules as the mediator may prescribe. The fees and expenses of the mediator will be shared equally by all
parties included in the Dispute. 
 B. Deleted. 
 19. CONSULT AN ATTORNEY. This Contract is a legally binding agreement. The Brokers cannot give legal advice. The parties to this Contract acknowledge that they have been advised to have this Contract
reviewed by legal counsel before signing this Contract. 
  

			
	Purchaser’s	 	Seller’s
	attorney is: Bryon Hammer 817-877-1088	 	attorney is: David Farley (713)378- 2012

 20. EXHIBITS AND ADDENDA. All Exhibits and Addenda attached to this Contract are incorporated herein by
reference and made a part of this Contract for all purposes [check all that apply]: 
  

					
	X	  	Exhibit “A”	  	Legal Description
	O	  	Exhibit “B”	  	Site Plan
	O	  	Exhibit “C’’	  	
			
	X	  	Addendum A	  	Improved Property
	X	  	Addendum B-1	  	Third Party Financing
	O	  	Addendum B-2	  	Seller Financing
	O	  	Addendum B-3	  	Existing Loan
	X	  	Addendum C	  	Inspection
	X	  	Addendum D	  	Disclosure Notice

  
 13 

					
	X	  	Addendum E	  	Lead Based Paint
	X	  	Addendum F	  	Information About Brokerage Services
	X	  	Addendum G	  	Additional Provisions
	O	  	Addendum H	  	

 21. CONTRACT AS OFFER. The execution of this Contract by the first party to do so constitutes an offer to
purchase or sell the Property. If the other party does not accept that offer by signing this Contract and delivering a fully executed copy to the first party within 5 days after the date this Contract is executed by the first party, then the first
party may withdraw that offer by delivering a written notice to the other party at any time before the other party accepts that offer, in which case the Earnest Money, if any, will be returned to Purchaser. 

22. ADDITIONAL PROVISIONS. [Additional provisions may be set forth below or on any attached Addendum]. 

  
 14 

 This Contract is executed to be effective as of the date the Title Company acknowledges
receipt of this fully executed Contract as indicated by the signature block for the Title Company (the Effective Date). 
  

			
	SELLER:	  	PURCHASER
		
	Vista Land & Equipment, L.L.C.	  	RCR Healthcare, LLC DBA – Sundance Hospital Dallas
		
	By: (Signature) /s/ Eric Chan	  	By: (Signature) /s/ Raju Indukuri
		
	Name: Eric Chan	  	Name: Raju Indukuri
	Title: CEO	  	Title: Principle
		
	PRINCIPAL BROKER	  	COOPERATING BROKER
		
	Charles Lester	  	RE/MAX Heritage Commercial Division
		
	By: /s/ Charles Lester	  	By: /s/ James Keoughan
	Title: Broker	  	Title: Dir. Of Comm. Sales & Leasing
		
	Address: 201 Rainbow Cir.	  	Address: 2301 W. Southlake Blvd. # 500
	Rockwall, TX 75032	  	Southlake, TX 76092
		
	Telephone: (214) 883-4000	  	Telephone: (817) 697-2345
	Email: chas@cmladvisor.com	  	Email: jameskeoughan@verizon.net
	TREC License No.: 035783	  	TREC License No.: 0499543

  
 15 

 TITLE COMPANY RECEIPT: The Title Company acknowledges receipt of this Contract on
March 7, 2013 (the “Effective Date”). Upon receipt of the Earnest Money, the Title Company accepts the Earnest Money subject to the terms and conditions set forth in this Contract. 

TITLE COMPANY: 
 Capitol Title 
 By: (Signature) /s/ Julie Barrow 

Title: Escrow Officer 
 Address: 2951 Ridge Rd. 
 Rockwall, TX 75032 

PERMISSION TO USE: This form is provided for use by members of the North Texas Commercial Association of Realtors®, Inc.
(“NTCAR’ and members of the North Texas Commercial Association of Real Estate Professionals, Inc. Permission is given to make limited copies of the current version of this form for use in a particular Texas real estate transaction. Please
contact the NTCAR office to conjit·m you are using the current version of this form. Mass production, or reproduction for resale, is not allowed without express permission. Any changes to this form must be made in a manner that is obvious. If
any words are deleted, they must be left in the form with a line drawn through them. If changes are made that are not obvious, they are not enforceable. 

  
 16 

 RE/MAX Heritage 

EXHIBIT “A” 
 Survey and/or Legal Description of the Property 
 2692 West Walnut Street, Garland, TX
75042 
 Garland Hospital & Clinic Rep. Blk 1 lots 1-4 Acres 22.714 
 EXHIBIT “A “ – SURVEY AND/OR LEGAL DESCRIPTIQN OF THE PROPERTY 

  
 17 

 RE/MAX Heritage 
 NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS® 
 ADDENDUM A TO COMMERCIAL
CONTRACT OF SALE IMPROVED 
 PROPERTY 
  

			
		  	2692 West Walnut Street
	Property address or description:	  	Garland, TX. 75042

  
  
 Garland Hospital & Clinic Rep. Blk 1 Lots 1-4 Acres 22.714 
 1.
Documents, 
 A. Delivery. Seller agrees to deliver to Purchaser within ten (10) days after the Effective Date complete and
legible copies of the following pertaining to the Property, to the extent in Seller’s possession or readily available to Seller: 
 (1) Deleted. 
 (2) Deleted. 

(3) A current general inventory of all tangible personal property and fixtures owned by Seller and located on, attached to, or used in
connection with the Property, to be sold with the Property, certified by Seller to be true and correct as of the date of delivery; 
 (4) Deleted. 
 (5) All service, maintenance, management, or other contracts
relating to the ownership and operation of the Property; 
 (6) All warranties and guaranties; 

(7) All fire, hazard, liability, and other insurance policies; 

(8) The real estate and personal property tax statements for the previous two (2) calendar years; 

(9) Deleted. 
 (10) The “as built” or other plans and specifications; 
 (11) A
statement of utility charges, repair costs and other expenses incurred by Seller for the operation and maintenance of the Property for each month for the two (2) years preceding the Effective Date; 

(12) Deleted; and 
 13) Other             
 B. Review of
Documents. Purchaser will have a period of time (the “Document Review Period”) to review the information identified above, ending the later to occur of: 

(1) 15 days after the Effective Date; or 

(2) the end of the Inspection Period (if any). 

If Purchaser objects to any information disclosed to or discovered by Purchaser, in Purchaser’s sole discretion, no
matter how arbitrary, Purchaser may: (i) terminate this Contract by delivery of a written notice to Seller before the expiration of the Document Review Period, in which case the Earnest Money will be returned to Purchaser; or (ii) waive
the objections and close the transaction. If Purchaser does not deliver a written notice to Seller before expiration of the Document Review Period, then any objections as to the information provided by Seller pursuant to this Addendum will be deemed
to be waived by the Purchaser. 
 2. Deleted. 
 3. Operation of Property. After the Effective Date until the Closing Date, Seller shall: (I) operate the Property in the same manner as the Property has been operated by Seller, and (2) maintain the
Property in the same condition as existed on the Effective Date, except for ordinary wear and any casualty loss. 

  
 18 

 4. Persona] Property. All fixtures and personal property on the Property and owned by Seller
are included as part of the Property including, but not limited to: 
 (1) Lighting fixtures, signs, decorative accessories,
barriers, traffic control devices and similar equipment; 
 (2) Refrigeration, heating, ventilating and air conditioning units
and equipment; 
 (3) Electronic security equipment and remote transmitter devices, if any; 

(4) Deleted 
 (5)
Furnishings and decorations situated in common areas such as rugs, artwork, lamps, furniture, planters, and trash containers except as describe in item (10) below. 
  

	 	(6)	Deleted. 

  

	 	(7)	Deleted. 

  

	 	(8)	Deleted. 

  

	 	(9)	Licenses, permits, maintenance agreements, management agreements, plans and specifications, as-built drawings, shop drawings, warranties, guarantees and any other
agreements relating to the Property or any part thereof, if any; and 

  

	 	(10)	Other items: Notwithstanding the preceding, all medical records are expressly excluded and will be removed from the property prior to closing. In addition, the
following personal property is excluded from the sale: 

 (i) Ice machine; 

(ii) Fryer; 

(iii) eight (8) file cabinets; 
 (iv) 30 +/- stackable chairs; 
 (v) large conference table and chairs; 

(vi) maintenance and related items; 
 (vii) surgical equipment; 
 (viii) operating room beds and tables (other hospital
room beds will remain); and 
 (ix) radiology equipment and fixtures (MRI machine remains). 

These items will be removed by Seller from the Property prior to closing. Seller shall allow a representative of Purchaser to be present
during removal. Seller will repair any damage caused during removal. Any items not removed before closing will be deemed conveyed to Purchaser. 

  
 19 

 RE/MAX Heritage 
 NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS® 
 ADDENDUM B-1 TO COMMERCIAL
CONTRACT OF SALE 
 THIRD PARTY FINANCING 
 2692 West Walnut Street 
 Property address or description:,Garland, ‘l’X 75042

 Garland Hospital & Clinic Rep. Blk 1 Lots 1-4 Acres 22.714 

 
 1. THIRD PARTY FINANCING. [Choose
one]: 
 0 This Contract is subject to Purchaser obtaining approval from a third party lender of financing in the amount of
$            , payable at                      intervals based on an amortization of not
less than                      years, with a payment term of not less than years, and with the initial interest rate not to exceed
            % per annum for the first years of the loan. 
 (X) This Contract is
subject to Purchaser obtaining approval from a third party lender of financing upon terms acceptable to Purchaser. 
 2.
APPLICATION. Purchaser shall apply for the desired third party financing approval within seven (7) days after the Effective Date and shall use reasonable efforts to obtain the financing approval. 

3. FINANCING CONTINGENCY. If Purchaser does not obtain the financing approval by the date that is 60 days (the “Financing
Contingency Period”) after the Effective Date, then Purchaser may terminate this Contract by delivering a written notice to Seller within five (5) days after the end of the Financing Contingency Period (but in any event before the
Closing). Purchaser shall deliver a written notice to Seller confirming Purchaser has obtained the financing approval promptly after Purchaser receives the approval. If Seller does not receive that notice on or before the date that is two
(2) business days after the end of the Financing Contingency Period, then Seller may terminate this Contract by delivering a written notice to Purchaser at any time thereafter until Seller receives that notice (but in any event before the
Closing). If either party terminates this Contract pursuant to this Section, the Earnest Money will be returned to Purchaser in accordance with Section 4.D. 
 4. Purchaser shall have a one-time right to extend the Financing Contingency Period for an additional thirty (30) days by providing written notice to Seller prior to the expiration of the
then-effective financing contingency period if Purchaser has not received final financing approval. Upon such extension of the financing contingency period, an additional $25,000.00 (for a total of $75,000) shall be deemed independent consideration
and payable in accordance with Section 4.D. 

  
 20 

 NORTH TEXAS COMMERCIAL ASSOCIAT ION OF REALTORS® 

ADDENDUM C TO COMMERCIAL CONTRACT OF SALE INSPECTION 
 2692 West Walnut Street 
 Property address or description: Garland TX 75042 

Garland Hospital & Clinic Rep. Blk 1 Lots 1-4 Acres 22.714 
 1. Inspection Period. Purchaser will have a period of 60 days after the Effective Date (the “Inspection Period”) to inspect the Property and conduct studies regarding the Property
Purchaser’s s dies may include, without limitation: (1) permitted use and zoning of the Property; (2) core borings; (3) environmental and architectural tests and investigations; (4) physical inspections of improvements,
fixtures, equipment, subsurface soils, structural members, and personal property; and (5) examination of agreements, manuals, plans, specifications and other documents relating to the construction and condition of the Property, Purchaser and
Purchaser’s agents, employees, consultants and contractors will have the right of reasonable entry onto the Property during normal business hours, and upon reasonable advance notice to Seller and any tenants on the Property, for purposes of
inspections, studies, tests and examinations deemed necessary by Purchaser. The inspections, studies, tests and examinations will be at Purchaser’s expense and risk. Purchaser shall defend and indemnify Seller against any claims that arise due
to any actions by Purchaser or Purchaser’s agents, employees, consultants and contractors. Purchaser may also use the Inspection Period to perform feasibility studies, obtain equity ftmding, seek financing, and satisfy other conditions
unrelated to the condition of the Property. 
 2. Reports. 

OA. Within                      days
after the Effective Date, Seller shall deliver to Purchaser a written “Phase I” report of an environmental assessment of the Property. The report will be prepared, at Seller’s expense, by an environmental consultant reasonably
acceptable to Purchaser. The environmental assessment must include an investigation into the existence of Hazardous Materials (as defined in Section l6A of this Contract) in, on or around the Property. The environmental assessment must also
include a land use history search, engineering inspections, research and studies that may be necessary to discover the existence of Hazardous Materials. 
 (x) B. Within ten (10) days after the Effective Date, Seller shall deliver to Purchaser copies of all reports in Seller’s possession or control of engineering investigations, tests and
environmental studies that have been made with respect to the Property within the three year period before the Effective Date. 

O C. If Purchaser terminates this Contract, Purchaser shall deliver to Seller, at Purchaser’s expense and contemporaneously with the
termination, copies of all written reports, inspections, plats, drawings and studies that relate to the condition of the Property made by Purchaser’s agents, consultants and contractors. This provision will survive the termination of this
Contract. 
 3. Termination. If Purchaser determines, in Purchaser’s sole discretion, no matter how arbitrary, that
Purchaser chooses not to purchase the Property for any reason, then Purchaser may terminate this Contract by delivering a written notice to Seller on or before the last day of the Inspection Period, in Which case the Earnest Money will be returned
to Purchaser in accordance with Section 4.D. Purchaser’s reason for choosing to terminate this Contract does not need to be related to the condition of the Property, and Purchaser is not required to justify Purchaser’s decision to
terminate this Contract. 

  
 21 

 4. Acceptance, If Purchaser does not properly and timely terminate this Contract before the
expiration of the Inspection Period (or if Purchaser accepts the Property in writing) then Purchaser will be deemed to have waived all objections to the Property, except for any title objections that may be outstanding pursuant to Section 6
(Review of Survey and Title) of this Contract. In that event, except as may be expressly stated otherwise in this Contract, Purchaser agrees to purchase the Property in its current “AS IS” condition without any further representations of
Seller, this Contract will continue in full force and effect, and the parties shall proceed to the Closing. This provision does not, however, limit or invalidate any express representations Seller has made in this Contract. 

5. Deleted. 
 6. Restoration.
If the transaction described in this Contract does not close through no fault of Seller, and the condition of the Property was altered due to inspections, studies, tests or examinations performed by Purchaser or on Purchaser’s behalf, then
Purchaser must restore the Property to its original condition at Purchaser’s expense. 

  
 22 

 RE/MAX Heritage 
 NORTH TEXAS COMMERCIAL ASSOCIATION OF 
 REALTORS® 

ADDENDUM F TO COMMERCIAL CONTRACT OF 
 SALE INFORMATION ABOUT BROKERAGE 
 SERVICES 

Property address or description: 2692 West Walnut Street, Garland, Texas 75042 
 Garland Hospital & Clinic Rep Blk 1 lots 1-4 Acres 22.714 
 Texas law requires all real
estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 
 Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or
tenant (buyer); you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who also acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s
agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A
broker is obligated by law to treat you honestly. 
 IF THE BROKER REPRESENTS THE OWNER: 

The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written listing agreement, or by
agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the
interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. 

IF THE BROKER REPRESENTS THE BUYER: 
 The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does
not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material
information known to the agent. 
 IF THE BROKER ACTS AS AN INTERMEDIARY: 

A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must
obtain the written Consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary.
The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: 
 (1) shall treat all parties honestly; 
 (2) may not disclose that the owner will
accept a price less than the asking price unless authorized in writing to do so by the owner; 
 (3) may not disclose that the
buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and 
 (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or
required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. 
 With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to
communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. 

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the
broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not
necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding. 

  
 23 

 ADDENDUM G 
 Additional Provisions 
  

	1.	“AS IS” SALE. 

1.1 PURCHASER HEREBY ACKNOWLEDGES AND AGREES THAT THE SALE OF THE PROPERTY HEREUNDER IS AND WILL BE MADE ON AN “AS IS, WHERE IS AND
WITH ALL FAULTS” BASIS (EXCEPT FOR THE EXPRESS REPRESENTATIONS CONTAINED IN THIS CONTRACT AND THE SPECIAL WARRANTY OF TITLE SET FORTH IN THE SPECIAL WARRANTY DEED). THE OCCURRENCE OF CLOSING SHALL CONSTITUTE AN ACKNOWLEDGMENT BY PURCHASER THAT
THE PROPERTY WAS ACCEPTED WITHOUT REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED (EXCEPT FOR THE REPRESENTATIONS CONTAINED IN THIS CONTRACT AND THE SPECIAL WARRANTY OF TITLE SET FORTH IN THE SPECIAL WARRANTY DEED). 

1.2 EXCEPT FOR THE WRITTEN REPRESENTATIONS SPECIFICALLY SET FORTH IN THIS CONTRACT, SELLER HEREBY SPECIFICALLY NEGATES AND DISCLAIMS ANY
FURTHER REPRESENTATIONS, WARRANTIES OR GUARANTIES OF ANY KIND OR CHARACTER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT, FUTURE OR OTHERWISE, OF, AS TO, CONCERNING OR WITH RESPECT TO THE PROPERTY, INCLUDING WITHOUT LIMITATION
(I) THE NATURE AND CONDITION OF THE PROPERTY AND THE SUITABILITY THEREOF FOR ANY AND ALL ACTIVITIES AND USES WHICH PURCHASER MAY ELECT TO CONDUCT THEREON, (II) THE NATURE AND EXTENT OF ANY RIGHT-OF-WAY, LEASE, POSSESSION, LIEN, ENCUMBRANCE,
LICENSE, RESERVATION, CONDITION OR ANY OTHER MATTER RELATING IN ANY WAY TO THE PROPERTY, (III) THE COMPLIANCE OF THE PROPERTY OR ITS OPERATION WITH ANY LAWS, ORDINANCES OR REGULATIONS OF ANY GOVERNMENT OR OTHER AUTHORITY OR BODY, (N) THE
EXISTENCE OF ANY TOXIC OR HAZARDOUS SUBSTANCE OR WASTE IN, ON, UNDER THE SURFACE OF OR ABOUT THE PROPERTY, (V) GEOLOGICAL CONDITIONS, INCLUDING, WITHOUT LIMITATION, SUBSIDENCE, SUBSURFACE CONDITIONS, WATER TABLE, UNDERGROUND WATER RESERVOIRS,
LIMITATIONS REGARDING THE WITHDRAWAL OF WATER AND FAULTING, (VI) WHETHER OR NOT AND TO THE EXTENT TO WHICH THE PROPERTY OR ANY PORTION THEREOF IS AFFECTED BY ANY STREAM (SURFACE OR UNDERGROUND), BODY OF WATER, FLOOD PRONE AREA, FLOODPLAIN, FLOODWAY
OR SPECIAL FLOOD HAZARD, (VII) DRAINAGE, (VIII) ZONING OR LAND USE RESTRICTIONS RULES AND REGULATIONS TO WHICH THE PROPERTY OR ANY PORTION THEREOF MAY BE SUBJECT, (IX) THE AVAILABILITY OF ANY UTILITIES TO THE PROPERTY OR ANY PORTION THEREOF
INCLUDING, WITHOUT LIMITATION, WATER, SEWAGE, GAS AND ELECTRIC AND INCLUDING THE UTILITY AVAILABILITY CAPACITIES ALLOCATED TO THE PROPERTY BY THE RELEVANT GOVERNMENTAL OR REGULATORY AUTHORITY, (X) USAGES OF ADJOINING PROPERTY, (XI) ACCESS TO
THE PROPERTY OR ANY PORTION THEREOF, (XII) THE VALUE, COMPLIANCE WITH THE PLANS AND SPECIFICATIONS, SIZE, LOCATION, AGE, USE, DESIGN, QUALITY, DESCRIPTION, DURABILITY, STRUCTURAL INTEGRITY, OPERATION, LEASING, TITLE TO, OR PHYSICAL OR FINANCIAL
CONDITION OF THE PROPERTY OR ANY PORTION THEREOF, OR ANY INCOME, EXPENSES, CHARGES, LIENS, ENCUMBRANCES, RIGHTS OR CLAIMS ON OR AFFECTING OR PERTAINING TO THE PROPERTY OR ANY PART THEREOF, (XIII) THE POTENTIAL FOR FURTHER DEVELOPMENT OF THE
PROPERTY, OR (XN) THE MERCHANTABILITY OF THE PROPERTY OR FI1NESS OF THE PROPERTY FOR ANY PARTICULAR PURPOSE (PURCHASER AFFIRMING THAT PURCHASER HAS NOT RELIED ON SELLER’S SKILL OR JUDGMENT TO SELECT OR

  
 24 

 
FURNISH THE PROPERTY FOR ANY PARTICULAR PURPOSE, AND THAT SELLER MAKES NO WARRANTY THAT THE PROPERTY IS FIT FOR ANY PARTICULAR PURPOSE). 

1.3 PURCHASER FURTHER ACKNOWLEDGES THAT THE INFORMATION PROVIDED AND TO BE PROVIDED WITH RESPECT TO THE PROPERTY WAS OBTAINED FROM A
VARIETY OF SOURCES AND SELLER (A) HAS NOT MADE ANY INDEPENDENT INVESTIGATION OR VERIFICATION OF SUCH INFORMATION AND (B) HAS NOT MADE ANY EXPRESS OR IMPLIED, ORAL OR WRITTEN, REPRESENTATIONS AS TO THE ACCURACY OR COMPLETENESS OF SUCH
INFORMATION, EXCEPT AS SPECIFICALLY SET FORTH HEREIN. 
 1.4 PURCHASER AGREES THAT IT HAS EXAMINED AND INVESTIGATED THE PROPERTY
PRIOR TO EXECUTION HEREOF OR THAT IT WILL INVESTIGATE THE PROPERTY PRIOR TO THE EXPIRATION OF THE INSPECTION PERIOD AND THAT IN PURCHASING THE PROPERTY PURCHASER WILL RELY SOLELY UPON ITS INDEPENDENT EXAMINATION, STUDY, INSPECTION AND KNOWLEDGE OF
THE PROPERTY, AND PURCHASER IS RELYING SOLELY UPON ITS OWN EXAMINATION, STUDY, INSPECTION, AND KNOWLEDGE OF THE PROPERTY AND PURCHASER’S DETERMINATION OF THE VALUE OF THE PROPERTY AND USES TO WHICH THE PROPERTY MAY BE PUT, AND NOT ON ANY
INFORMATION PROVIDED OR TO BE PROVIDED BY SELLER. 
 1.5 PURCHASER AGREES TO PAY FOR AND HAS MADE OR CAUSED TO BE MADE ALL
INSPECTIONS, INVESTIGATIONS AND ANALYSES NECESSARY OR APPROPRIATE FOR THE PURPOSE OF DETERMINING COMPLIANCE OR NON-COMPLIANCE BY THE PROPERTY WITH ALL BUILDING, HEALTH, ENVIRONMENTAL, ZONING AND LAND USE LAWS, ORDINANCES, RULES AND REGULATIONS.

 1.6 PURCHASER HEREBY EXPRESSLY ASSUMES ALL RISKS, LIABILITIES, CLAIMS, DAMAGES, AND COSTS (AND AGREES THAT SELLER SHALL NOT
BE LIABLE FOR ANY SPECIAL, DIRECT, INDIRECT, CONSEQUENTIAL, OR OTHER DAMAGES) RESULTING OR ARISING FROM OR RELATED TO THE OWNERSHIP, USE, CONDITION, LOCATION, MAINTENANCE, REPAIR OR OPERATION OF THE PROPERTY. PURCHASER ACKNOWLEDGES THAT ANY
CONDITION OF THE PROPERTY WHICH PURCHASER DISCOVERS PRIOR TO OR AFTER THE CLOSING DATE SHALL BE AT PURCHASER’S SOLE EXPENSE AND PURCHASER EXPRESSLY WAIVES AND RELEASES SELLER AND SELLER’S AGENT’S AND REPRESENTATNES FROM ANY CLAIMS
UNDER FEDERAL LAW, STATE OR OTHER LAW THAT PURCHASER MIGHT OTHERWISE HAVE AGAINST SELLER OR SELLER’S AGENTS AND/OR REPRESENTATIVES RELATING TO THE PHYSICAL CHARACTERISTICS OR CONDITION OF THE PROPERTY INCLUDING THE ENVIRONMENTAL CONDITION OF
THE PROPERTY. PURCHASER ACKNOWLEDGES THAT THE PURCHASE PRICE REFLECTS THE “AS-IS” NATURE OF THIS SALE AND ANY FAULTS, LIABILITIES; DEFECTS OR OTHER ADVERSE MATTERS THAT MAY BE ASSOCIATED WITH THE PROPERTY. PURCHASER HAS FULLY REVIEWED THE
DISCLAIMERS AND WAIVERS SET FORTH IN THIS CONTRACT WITH ITS COUNSEL AND UNDERSTANDS THE SIGNIFICANCE AND EFFECT THEREOF 
 1.7
THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE TERMINATION OF THIS CONTRACT AND THE CLOSING. 
 INSPECTION INDEMNITY. PURCHASER
AGREES TO INDEMNIFY, DEFEND AND HOLD SELLER, ITS AGENTS, PARTNERS, DIRECTORS, OFFICERS AND REPRESENTATIVES, HARMLESS FROM AND AGAINST ANY LIENS, CLAIMS, OR DAMAGES INCLUDING, WITHOUT LIMITATION, ANY AND ALL DEMANDS, ACTIONS OR CAUSES OF ACTION,
ASSESSMENTS, LOSSES, COSTS, LIABILITIES, INTEREST AND PENALTIES, AND REASONABLE 

  
 25 

 
ATTORNEY’S FEES SUFFERED OR INCURRED BY SELLER, ITS AGENTS, PARTNERS, DIRECTORS, OFFICERS AND REPRESENTATIVES AS A RESULT OF, ARISING OUT OF, OR IN CONNECTION WITH, DIRECTLY OR INDIRECTLY,
PURCHASER OR PURCHASER’S AGENTS OR REPRESENTATIVES EXERCISING THE RIGHTS SET FORTH IN THIS ADDENDUM C OR ARISING FROM PURCHASER OR ITS AGENTS OR REPRESENTATIVES OTHERWISE ENTERING UPON THE PROPERTY. HOWEVER, THE FOREGOING INDEMNITY SHALL NOT BE
APPLICABLE TO THE MERE DISCOVERY OF AN EXISTING CONDITION ON THE PROPERTY. PURCHASER WILL, AS DIRECTED BY SELLER, REPAIR OR CAUSE TO BE REPAIRED ANY DAMAGE CAUSED BY PURCHASER OR PURCHASER’S AGENTS OR REPRESENTATIVES IN THE CONDUCT OF THE
REVIEW AND/OR INSPECTION CONTEMPLATED HEREUNDER. NOTWITHSTANDING ANYTHING SET FORTH HEREIN TO THE CONTRARY, THE INDEMNIFICATION AND OTHER OBLIGATIONS OF PURCHASER IN THIS PARAGRAPH WILL SURVIVE THE CLOSING OR EARLIER TERMINATION OF THIS CONTRACT.

  
 26EX-10.2

 Exhibit 10.2 
 BIOAMBER INC. 
 STOCK INCENTIVE PLAN UPDATED ON DECEMBER 6, 2011

 BioAmber Inc., a Delaware corporation (the “Company”), sets forth herein the terms of its Stock Incentive Plan
(the “Plan”) as follows: 
  

	1.	PURPOSE 

 The Plan is
intended to enhance the Company’s and its Affiliates’ (as defined herein) ability to attract and retain highly qualified officers, directors, key employees, and other persons, and to motivate such persons to serve the Company and its
Affiliates and to expend maximum effort to improve the business results and earnings of the Company, by providing to such persons an opportunity to acquire or increase a direct proprietary interest in the operations and future success of the
Company. To this end, the Plan provides for the grant of stock options and restricted stock in accordance with the terms hereof. Stock options granted under the Plan may be nonqualified stock options or incentive stock options, as provided herein.

  

	2.	DEFINITIONS 

 For purposes
of interpreting the Plan and related documents (including Award Agreements), the following definitions shall apply: 
 2.1
“Affiliate” means, with respect to the Company, any company or other trade or business that controls, is controlled by or is under common control with the Company within the meaning of Rule 405 of Regulation C under the
Securities Act, including, without limitation, any Subsidiary. 
 2.2 “Award Agreement” means the stock
option and restricted stock or other written agreement between the Company and a Grantee that evidences and sets out the terms and conditions of a Grant. 
 2.3 “Benefit Arrangement” shall have the meaning set forth in Section 12 hereof. 
 2.4 “Board” means the Board of Directors of the Company. 

2.5 “Cause” means, as determined by the Board, which determination shall be final, binding and conclusive, and
unless otherwise provided in an applicable agreement with the Company or an Affiliate, (i) gross negligence or willful misconduct in connection with the performance of duties; (ii) willful failure or refusal to perform the duties of the
position; (iii) conviction of a criminal offense (other than minor traffic offenses); or (iv) material breach of any term of any employment, consulting or other services, confidentiality, intellectual property or non-competition
agreements, if any, between the Service Provider and the Company or an Affiliate. 
 2.6 “Change of
Control” means (i) the dissolution or liquidation of the Company or a merger, consolidation, or reorganization of the Company with one or more other entities in 

  
 - 1 -

 
which the Company is not the surviving entity, (ii) a sale of substantially all of the assets of the Company to another person or entity, or (iii) any transaction (including without
limitation a merger or reorganization in which the Company is the surviving entity) which results in any person or entity (other than persons who are shareholders or Affiliates immediately prior to the transaction) owning 50% or more of the combined
voting power of all classes of stock of the Company. 
 2.7 “Code” means the Internal Revenue Code of
1986, as now in effect or as hereafter amended. 
 2.8 “Committee” means a committee of, and designated
from time to time by resolution of, the Board, which shall consist of one or more members of the Board. 
 2.9
“Company” means BioAmber Inc. 
 2.10 “Disability” means the Grantee is unable
to perform each of the essential duties of such Grantee’s position by reason of a medically determinable physical or mental impairment which is potentially permanent in character or which can be expected to last for a continuous period of not
less than 12 months; provided, however, that, with respect to rules regarding expiration of an Incentive Stock Option following termination of the Grantee’s Service, Disability shall mean the Grantee is unable to engage in any substantial
gainful activity by reason of a medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. 

2.11 “Effective Date” means December 8, 2008, the date the Plan is approved by the Board. 

2.12 “Exchange Act” means the Securities Exchange Act of 1934, as now in effect or as hereafter amended.

 2.13 “Fair Market Value” means the value of a share of Stock, determined as follows: if on the Grant
Date or other determination date the Stock is listed on an established national or regional stock exchange, is admitted to quotation on The Nasdaq Stock Market, Inc., or is publicly traded on an established securities market, the Fair Market Value
of a share of Stock shall be the closing price of the Stock on such exchange or in such market (if there is more than one such exchange or market the Board shall determine the appropriate exchange or market) on the Grant Date or such other
determination date (or if there is no such reported closing price, the Fair Market Value shall be the mean between the highest bid and lowest asked prices or between the high and low sale prices on such trading day) or, if no sale of Stock is
reported for such trading day, on the next preceding day on which any sale shall have been reported. If the Stock is not listed on such an exchange, quoted on such system or traded on such a market, Fair Market Value shall be the value of the Stock
as determined by the Board in good faith, and shall be determined by the reasonable application of a reasonable valuation method within the meaning of Section 409A of the Code and the regulations promulgated thereunder. 

2.14 “Family Member” means a person who is a spouse, former spouse, child, stepchild, grandchild, parent,
stepparent, grandparent, niece, nephew, mother-in-law, father-in- law, 

  
 - 2 -

 
son-in-law, daughter-in-law, brother, sister, brother-in-law, or sister-in-law, including adoptive relationships, of the Grantee, any person sharing the Grantee’s household (other than a
tenant or employee), a trust in which any one or more these persons have more than fifty percent of the beneficial interest, a foundation in which any one or more of these persons (or the Grantee) control the management of assets, and any other
entity in which one or more these persons (or the Grantee) own more than fifty percent of the voting interests; provided, however, that to the extent required by applicable law, the term Family Member shall be limited to a person who is a spouse,
former spouse, child, stepchild, grandchild, parent, stepparent, grandparent, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother, sister, brother-in-law, or sister-in-law, including adoptive relationships, of the Grantee or a trust
or foundation for the exclusive benefit of any one or more of these persons. 
 2.15 “Grant” means an
award of an Option or Restricted Stock under the Plan. 
 2.16 “Grant Date” means, as determined by the
Board, the latest to occur of (i) the date as of which the Board approves a Grant, (ii) the date on which the recipient of a Grant first becomes eligible to receive a Grant under Section 5 hereof, or (iii) such other date
as may be specified by the Board. 
 2.17 “Grantee” means a person who receives or holds a Grant under
the Plan. 
 2.18 “Incentive Stock Option” means an “incentive stock option” within the
meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute, as amended from time to time. 
 2.19 “Nonqualified Stock Option” means a stock option that is not an Incentive Stock Option. 
 2.20 “Option” means an option to purchase one or more shares of Stock pursuant to the Plan. 
 2.21 “Option Price” means the purchase price for each share of Stock subject to an Option. 
 2.22 “Other Agreement” shall have the meaning set forth in Section 12 hereof. 
 2.23 “Plan” means this BioAmber Inc. Stock Incentive Plan. 

2.24 “Purchase Price” means the purchase price for each share of Stock pursuant to a Grant of Restricted Stock.

 2.25 “Reporting Person” means a person who is required to file reports under Section 16(a) of
the Exchange Act. 
 2.26 “Restricted Stock” means shares of Stock, awarded to a Grantee pursuant to
Section 8 hereof, that are subject to restrictions and to a risk of forfeiture. 

  
 - 3 -

 2.27 “Securities Act” means the Securities Act of 1933, as now in
effect or as hereafter amended. 
 2.28 “Service” means service as an employee, officer, director or
other Service Provider of the Company or an Affiliate. Unless otherwise stated in the applicable Award Agreement, a Grantee’s change in position or duties shall not result in interrupted or terminated Service, so long as such Grantee continues
to be an employee, officer, director or other Service Provider of the Company or an Affiliate. Subject to the preceding sentence, whether a termination of Service shall have occurred for purposes of the Plan shall be determined by the Board, which
determination shall be final, binding and conclusive. 
 2.29 “Service Provider” means an employee,
officer or director of the Company or an Affiliate, or a consultant or adviser to the Company or an Affiliate. 
 2.30
“Stock” means the common stock, $.01 par value per share, of the Company. 
 2.31
“Subsidiary” means any “subsidiary corporation” of the Company within the meaning of Section 424(f) of the Code. 
 2.32 “Ten-Percent Stockholder” means an individual who owns more than ten percent (10%) of the total combined voting power of all classes of outstanding stock of the Company,
its parent or any of its Subsidiaries. In determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied. 
  

	3.	ADMINISTRATION OF THE PLAN 

  

	 	3.1	Board. 

 The Board shall
have such powers and authorities related to the administration of the Plan as are consistent with the Company’s certificate of incorporation and by-laws and applicable law. The Board shall have full power and authority to take all actions and
to make all determinations required or provided for under the Plan, any Grant or any Award Agreement, and shall have full power and authority to take all such other actions and make all such other determinations not inconsistent with the specific
terms and provisions of the Plan that the Board deems to be necessary or appropriate to the administration of the Plan, any Grant or any Award Agreement. All such actions and determinations shall be by the affirmative vote of a majority of the
members of the Board present at a meeting or by unanimous consent of the Board executed in writing in accordance with the Company’s certificate of incorporation and by-laws and applicable law. The interpretation and construction by the Board of
any provision of the Plan, any Grant or any Award Agreement shall be final, binding and conclusive. To the extent permitted by law, the Board may delegate its authority under the Plan to a member of the Board or an executive officer of the Company
who is a member of the Board. 
  

	 	3.2	Committee. 

 The Board
from time to time may delegate to one or more Committees such powers and authorities related to the administration and implementation of the Plan, as set forth in Section 3.1 above and in other applicable provisions, as the Board shall
determine, consistent with the 

  
 - 4 -

 
certificate of incorporation and by-laws of the Company and applicable law. In the event that the Plan, any Grant or any Award Agreement entered into hereunder provides for any action to be taken
by or determination to be made by the Board, such action may be taken by or such determination may be made by the applicable Committee if the power and authority to do so has been delegated to the Committee by the Board as provided for in
Section 3.1. Unless otherwise expressly determined by the Board, any such action or determination by the Committee shall be final, binding and conclusive. To the extent permitted by law, the Committee may delegate its authority under the
Plan to a member of the Board or an executive officer of the Company. 
  

	 	3.3	Grants. 

 Subject to the
other terms and conditions of the Plan, the Board shall have full and final authority to: 
  

	 	(i)	designate Grantees, 

  

	 	(ii)	determine the type or types of Grants to be made to a Grantee, 

  

	 	(iii)	determine the number of shares of Stock to be subject to a Grant, 

  

	 	(iv)	establish the terms and conditions of each Grant (including, but not limited to, the Option Price of any Option, the nature and duration of any restriction or condition
(or provision for lapse thereof) relating to the vesting, exercise, transfer, or forfeiture of a Grant or the shares of Stock subject thereto, and any terms or conditions that may be necessary to qualify Options as Incentive Stock Options),

  

	 	(v)	prescribe the form of each Award Agreement evidencing a Grant, and 

  

	 	(vi)	amend, modify, or supplement the terms of any outstanding Grant. 

 Notwithstanding the foregoing, no amendment, modification or supplement of any Grant shall, without the consent of the Grantee, impair the Grantee’s rights under such Grant. 

Such authority specifically includes the authority, in order to effectuate the purposes of the Plan but without amending the Plan, to
modify Grants to eligible individuals who are foreign nationals or are individuals who are employed outside the United States to recognize differences in local law, tax policy, or custom. As a condition to any Grant, the Board shall have the right,
at its discretion, to require Grantees to return to the Company Grants previously awarded under the Plan. Subject to the terms and conditions of the Plan, any such subsequent Grant shall be upon such terms and conditions as are specified by the
Board at the time the new Grant is made. The Board shall have the right, in its discretion, to make Grants in substitution or exchange for any other grant under another plan of the Company, any Affiliate, or any business entity to be acquired by the
Company or an Affiliate. The Company may retain the right in an Award Agreement to cause a forfeiture of the gain realized by a Grantee on account of actions taken by the Grantee in violation or breach of or in conflict with any non-competition
agreement, any agreement prohibiting solicitation of employees or clients of the Company or any Affiliate thereof or any confidentiality obligation with respect to the Company or any Affiliate thereof or

  
 - 5 -

 
otherwise in competition with the Company or any Affiliate thereof, to the extent specified in such Award Agreement applicable to the Grantee. Furthermore, the Company may annul a Grant if the
Grantee is an employee of the Company or an Affiliate thereof and is terminated for Cause as defined in the Award Agreement or the Plan, as applicable. 
  

	 	3.4	Deferral Arrangement. 

The Board may permit or require the deferral of any award payment into a deferred compensation arrangement, subject to such rules and
procedures as it may establish, which may include provisions for the payment or crediting of interest or dividend equivalents, including converting such credits into deferred Stock equivalents and restricting deferrals to comply with hardship
distribution rules affecting 401(k) plans. 
  

	 	3.5	No Liability. 

 No member
of the Board or of the Committee shall be liable for any action or determination made in good faith with respect to the Plan or any Grant or Award Agreement. 
  

	4.	STOCK SUBJECT TO THE PLAN 

Subject to adjustment as provided in Section 14 hereof, the number of shares of Stock available for issuance under the Plan
shall be 60,600. All shares of Stock issuable under the Plan may be issued as Incentive Stock Options. Stock issued or to be issued under the Plan shall be authorized but unissued shares or, to the extent permitted by applicable law, issued shares
that have been reacquired by the Company. If any shares covered by a Grant are not purchased or are forfeited, or if a Grant otherwise terminates without delivery of any Stock subject thereto, then the number of shares of Stock counted against the
aggregate number of shares available under the Plan with respect to such Grant shall, to the extent of any such forfeiture or termination, again be available for making Grants under the Plan. If the exercise price of any Option granted under the
Plan is satisfied by tendering shares of Stock to the Company (by either actual delivery or by attestation), only the number of shares of Stock issued net of the shares of Stock tendered shall be deemed delivered for purposes of determining the
maximum number of shares of Stock available for delivery under the Plan. 
  

	5.	GRANT ELIGIBILITY 

  

	 	5.1	Employees and Other Service Providers. 

 Grants (including Grants of Incentive Stock Options, subject to Section 5.2) may be made under the Plan to any employee, officer or director of, or other Service Provider providing
services to, the Company or any Affiliate. To the extent required by applicable state law, Grants within certain states may be limited to employees and officers or employees, officers and directors. An eligible person may receive more than one
Grant, subject to such restrictions as are provided herein. 

  
 - 6 -

	 	5.2	Limitations on Incentive Stock Options. 

 An Option shall constitute an Incentive Stock Option only (i) if the Grantee of such Option is an employee of the Company or any Subsidiary of the Company; (ii) to the extent specifically
provided in the related Award Agreement; and (iii) to the extent that the aggregate Fair Market Value (determined at the time the Option is granted) of the shares of Stock with respect to which all Incentive Stock Options held by such Grantee
become exercisable for the first time during any calendar year (under the Plan and all other plans of the Grantee’s employer and its affiliates) does not exceed the higher permitted amount pursuant to the applicable laws. This limitation shall
be applied by taking Options into account in the order in which they were granted. 
  

	6.	AWARD AGREEMENT 

 Each
Grant pursuant to the Plan shall be evidenced by an Award Agreement, in such form or forms as the Company shall from time to time determine, which specifies the number of shares subject to the Grant (subject to adjustment in accordance with
Section 14). Award Agreements granted from time to time or at the same time need not contain similar provisions but shall be consistent with the terms of the Plan. Each Award Agreement evidencing a Grant of Options shall specify whether
such Options are intended to be Nonqualified Stock Options or Incentive Stock Options, and in the absence of such specification such options shall be deemed Nonqualified Stock Options. 

 

	7.	TERMS AND CONDITIONS OF OPTIONS 

  

	 	7.1	Option Price. 

 The Option
Price of each Option shall be fixed by the Board and stated in the Award Agreement evidencing such Option. The Option Price shall not be less than the Fair Market Value on the Grant Date of a share of Stock. In no case shall the Option Price of any
Option be less than the par value of a share of Stock. 
  

	 	7.2	Vesting. 

 Subject to
Sections 7.3 and 14.3 hereof, each Option granted under the Plan shall become exercisable at such times and under such conditions as shall be determined by the Board and stated in the Award Agreement. For purposes of this
Section 7.2, fractional numbers of shares of Stock subject to an Option shall be rounded down to the next nearest whole number. To the extent required by applicable law, each Option shall become exercisable no less rapidly than the rate
of twenty percent (20%) per year for each of the first five (5) years from the Grant Date based on continued Service. Subject to the preceding sentence, the Board may provide, for example, in the Award Agreement or subsequently, for
(i) accelerated exercisability of the Option in the event the Grantee’s Service terminates on account of death, Disability or another event, (ii) expiration of the Option prior to its term in the event of the termination of the
Grantee’s Service, (iii) immediate forfeiture of the Option in the event the Grantee’s Service is terminated for Cause, (iv) unvested Options to be exercised subject to the Company’s right of repurchase with respect to
unvested shares of Stock. 

  
 - 7 -

	 	7.3	Term. 

 Each Option
granted under the Plan shall terminate, and all rights to purchase shares of Stock thereunder shall cease, upon the expiration of ten years from the Grant Date, or under such circumstances and on such date prior thereto as is set forth in the Plan
or as may be fixed by the Board and stated in the Award Agreement relating to such Option. 
  

	 	7.4	Exercise of Options on Termination of Service. 

 Each Award Agreement shall set forth the extent to which the Grantee shall have the right to exercise the Option following termination of the Grantee’s Service. Such provisions shall be determined in
the sole discretion of the Board, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service. Except as otherwise provided in an Award Agreement, each Grantee shall
have the right to exercise the vested portion of any Option held at termination for at least three (3) months following termination of Service with the Company for any reason other than death or Disability, that the Grantee shall have the right
to exercise the Option for one (1) year if the Grantee’s Service terminates due to death or Disability, and that unvested Options will immediately terminate upon the date of termination of Service. Notwithstanding the foregoing, if a
Service Provider is terminated for Cause, then all Options or any portion of such Options held by such Service Provider shall terminate immediately whether or not such Options are vested or exercisable at the time of such termination. 

 

	 	7.5	Limitations on Exercise of Option. 

 Notwithstanding any other provision of the Plan, in no event may any Option be exercised, in whole or in part, after ten years following the Grant Date, or after the occurrence of an event referred to in
Section 14 hereof which results in termination of the Option. 
  

	 	7.6	Exercise Procedure. 

 An
Option that is exercisable may be exercised by the Grantee’s delivery to the Company of written notice of exercise on any business day, at the Company’s principal office. Such notice shall specify the number of shares of Stock with respect
to which the Option is being exercised and shall be accompanied by payment in full of the Option Price of the shares for which the Option is being exercised. The minimum number of shares of Stock with respect to which an Option may be exercised, in
whole or in part, at any time shall be the lesser of (i) 100 shares or such lesser number set forth in the applicable Award Agreement and (ii) the maximum number of shares available for purchase under the Option at the time of exercise.
The Option Price shall be payable in a form described in Section 9. 
  

	 	7.7	Right of Holders of Options. 

 Unless otherwise stated in the applicable Award Agreement, an individual holding or exercising an Option shall have none of the rights of a shareholder (for example, the right to cash or dividend payments
or distributions attributable to the subject shares of Stock or to direct the voting of shares of Stock) until the shares of Stock covered thereby are fully paid and issued to such individual. 

  
 - 8 -

	 	7.8	Delivery of Stock Certificates. 

 Promptly after the exercise of an Option by a Grantee and the payment in full of the Option Price, such Grantee shall be entitled to the issuance of a stock certificate or certificates evidencing such
Grantee’s ownership of the shares of Stock purchased upon such exercise of the Option. Notwithstanding any other provision of this Plan to the contrary, the Company may elect to satisfy any requirement under this Plan for the delivery of stock
certificates through the use of book-entry. 
  

	 	7.9	Transferability of Options. 

 Except as provided in Section 7.10, during the lifetime of a Grantee, only the Grantee (or, in the event of legal incapacity or incompetency, the Grantee’s guardian or legal
representative) may exercise an Option. Except as provided in Section 7.10, no Option shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution. 

 

	 	7.10	Family Transfers. 

 If
authorized in the applicable Award Agreement, a Grantee may transfer, not for value, all or part of an Option that is not an Incentive Stock Option to any Family Member or any trust for which the beneficiaries are Family Members. For the purpose of
this Section 7.10, a “not for value” transfer is a transfer which is (i) a gift, (ii) a transfer under a domestic relations order in settlement of marital property rights; or (iii) unless applicable law does not
permit such transfers, a transfer to an entity in which more than fifty percent of the voting interests are owned by Family Members (or the Grantee) in exchange for an interest in that entity. Following a transfer under this
Section 7.10, any such Option shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer, and shares of Stock acquired pursuant to the Option shall be subject to the same restrictions
on transfer of shares as would have applied to the Grantee. Subsequent transfers of transferred Options are prohibited except to Family Members of the original Grantee in accordance with this Section 7.10 or by will or the laws of
descent and distribution. The events of termination of Service under an Option shall continue to be applied with respect to the original Grantee, following which the Option shall be exercisable by the transferee only to the extent, and for the
periods specified in the applicable Award Agreement, and the shares may be subject to repurchase by the Company or its assignee. 
  

	8.	RESTRICTED STOCK 

  

	 	8.1	Grant of Restricted Stock. 

The Board may from time to time grant Restricted Stock to persons eligible to receive Grants under Section 5 hereof, subject
to such restrictions, conditions and other terms as the Board may determine. 
  

	 	8.2	Restrictions. 

 At the
time a Grant of Restricted Stock is made, the Board shall establish a restriction period applicable to such Restricted Stock. Each Grant of Restricted Stock may be subject to a 

  
 - 9 -

 
different restriction period. The Board may, in its sole discretion, at the time a Grant of Restricted Stock is made, prescribe conditions that must be satisfied prior to the expiration of the
restriction period, including the satisfaction of corporate or individual performance objectives or continued Service, in order that all or any portion of the Restricted Stock shall vest. To the extent required by applicable law, the vesting
restrictions applicable to a Grant of Restricted Stock shall lapse no less rapidly than the rate of twenty percent (20%) per year for each of the first five (5) years from the Grant Date, based on continued Service. 

The Board also may, in its sole discretion, shorten or terminate the restriction period or waive any of the conditions applicable to all
or a portion of the Restricted Stock. The Restricted Stock may not be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the restriction period or prior to the satisfaction of any other conditions prescribed by the
Board with respect to such Restricted Stock. 
  

	 	8.3	Restricted Stock Certificates. 

 The Company shall issue, in the name of each Grantee to whom Restricted Stock has been granted, stock certificates representing the total number of shares of Restricted Stock granted to the Grantee, as
soon as reasonably practicable after the Grant Date. The Board may provide in an Award Agreement that either (i) the Secretary of the Company shall hold such certificates for the Grantee’s benefit until such time as the Restricted Stock is
forfeited to the Company, or the restrictions lapse, or (ii) such certificates shall be delivered to the Grantee, provided, however, that such certificates shall bear a legend or legends that complies with the applicable securities laws
and regulations and makes appropriate reference to the restrictions imposed under the Plan and the Award Agreement. 
  

	 	8.4	Rights of Holders of Restricted Stock. 

 Unless the Board otherwise provides in an Award Agreement, holders of Restricted Stock shall have the right to vote such Stock and the right to receive any dividends declared or paid with respect to such
Stock. The Board may provide that any dividends paid on Restricted Stock must be reinvested in shares of Stock, which may or may not be subject to the same vesting conditions and restrictions applicable to such Restricted Stock. All distributions,
if any, received by a Grantee with respect to Restricted Stock as a result of any stock split, stock dividend, combination of shares, or other similar transaction shall be subject to the restrictions applicable to the original Grant. 

  
 - 10 -

	 	8.5	Termination of Service. 

Unless otherwise provided by the Board in the applicable Award Agreement, upon the termination of a Grantee’s Service with the
Company or an Affiliate, any shares of Restricted Stock held by such Grantee that have not vested, or with respect to which all applicable restrictions and conditions have not lapsed, shall immediately be deemed forfeited. Upon forfeiture of
Restricted Stock, the Grantee shall have no further rights with respect to such Grant, including but not limited to any right to vote Restricted Stock or any right to receive dividends with respect to shares of Restricted Stock. 

 

	 	8.6	Purchase and Delivery of Stock. 

 The Grantee shall be required to purchase the Restricted Stock from the Company at a Purchase Price equal to the greater of (i) the aggregate par value of the shares of Stock represented by such
Restricted Stock or (ii) the Purchase Price, if any, specified in the Award Agreement relating to such Restricted Stock. The Purchase Price shall be payable in a form described in Section 9 or, at the discretion of the Board, in
consideration for past Services rendered to the Company or an Affiliate. To the extent required by applicable law, the Purchase Price of a share of Restricted Stock shall be not less than 85 percent of the Fair Market Value on the Grant Date of a
share of Stock; provided, however, that in the event that the Grantee is a Ten-Percent Stockholder, the Purchase Price shall be not less than 100 percent of the Fair Market Value on the Grant Date of a share of Stock. 

Upon the expiration or termination of the restriction period and the satisfactory completion of any other conditions prescribed by the
Board, having properly paid the Purchase Price, the restrictions applicable to shares of Restricted Stock shall lapse, and, unless otherwise provided in the Award Agreement, a stock certificate for such shares shall be delivered, free of all such
restrictions, to the Grantee or the Grantee’s beneficiary or estate, as the case may be. 
  

	9.	FORM OF PAYMENT 

 Payment
of the Option Price for the shares purchased pursuant to the exercise of an Option or the Purchase Price for Restricted Stock shall be made in cash or in cash equivalents acceptable to the Company. In addition, to the extent the Award Agreement so
provides, payment of the Option Price for shares purchased pursuant to exercise of an Option or the Purchase Price for Restricted Stock may be made in any other form that is consistent with applicable laws, regulations and rules. 

 

	10.	WITHHOLDING TAXES 

 The
Company or any Affiliate, as the case may be, shall have the right to deduct from payments of any kind otherwise due to a Grantee any Federal, state, or local taxes of any kind required by law to be withheld with respect to the vesting of or other
lapse of restrictions applicable to Restricted Stock or upon the issuance of any shares of Stock or payment of any kind upon the exercise of any Grant. At the time of such vesting, lapse, or exercise, the Grantee shall pay to the Company or
Affiliate, as the case may be, any amount that the Company or Affiliate may reasonably determine to be necessary to satisfy such withholding obligation. Subject to the prior approval of the Company or the Affiliate, which may be withheld by the

  
 - 11 -

 
Company or the Affiliate, as the case may be, in its sole discretion, the Grantee may elect to satisfy such obligations, in whole or in part, (i) by causing the Company or the Affiliate to
withhold shares of Stock otherwise issuable to the Grantee or (ii) by delivering to the Company or the Affiliate shares of Stock already owned by the Grantee. The shares of Stock so delivered or withheld shall have an aggregate Fair Market
Value equal to such withholding obligations. The Fair Market Value of the shares of Stock used to satisfy such withholding obligation shall be determined by the Company or the Affiliate as of the date that the amount of tax to be withheld is to be
determined. A Grantee who has made an election pursuant to this Section 10 may satisfy his or her withholding obligation only with shares of Stock that are not subject to any repurchase, forfeiture, unfulfilled vesting, or other similar
requirements. 
  

	11.	RESTRICTIONS ON TRANSFER OF SHARES OF STOCK 

  

	 	11.1	Right of First Refusal. 

Subject to Section 11.4 below, a Grantee (or such other individual who is entitled to exercise an Option or otherwise acquire
shares pursuant to a Grant under the terms of this Plan) shall not sell, pledge, assign, gift, transfer, or otherwise dispose of any shares of Stock acquired pursuant to a Grant to any person or entity (except, if permitted by law, to any Family
Member or holding company or trust controlled by Family Members, which assignment and transfer shall be permitted without condition) without first offering such shares to the Company for purchase on the same terms and conditions as those offered the
proposed transferee. The Company may assign its right of first refusal under this Section 11.1 in whole or in part, to (1) any holder of stock or other securities of the Company (a “Stockholder”), (2) any Affiliate or
(3) any other person or entity that the Board determines has a sufficient relationship with or interest in the Company. The Company shall give reasonable written notice to the Grantee of any such assignment of its rights. The restrictions of
this Section 11.1 apply to any person to whom Stock that was originally acquired pursuant to a Grant is sold, pledged, assigned, bequeathed, gifted, transferred or otherwise disposed of, without regard to the number of such subsequent
transferees or the manner in which they acquire the Stock, but the restrictions of this Section 11.1 do not apply to a transfer of Stock that occurs as a result of the death of the Grantee or of any subsequent transferee (but shall apply
to the executor, the administrator or personal representative, the estate, and the legatees, beneficiaries and assigns thereof). 
  

	 	11.2	Repurchase and Other Rights. 

 Stock issued upon exercise of a Grant or pursuant to the Grant of Restricted Stock may be subject to such right of repurchase or other transfer restrictions as the Board may determine, consistent with
applicable law. Any such additional restriction shall be set forth in the Award Agreement. 
  

	 	11.3	Installment Payments. 

  

	 	11.3.1	General Rule. 

 In the
case of any purchase of Stock or an Option under this Section 11, the Company or its permitted assignee may pay the Grantee, transferee of the Option or other registered owner of the Stock the purchase price in three or fewer annual
installments. Interest shall be credited on 

  
 - 12 -

 
the installments at the applicable federal rate (as determined for purposes of Section 1274 of the Code) in effect on the date on which the purchase is made. The Company or its permitted
assignee shall pay at least one-third of the total purchase price each year, plus interest on the unpaid balance, with the first payment being made on or before the 60th day after the purchase. 

 

	 	11.3.2	Exception in the Case of Stock Repurchase Right. 

 If an Award Agreement authorizes, upon the Grantee’s termination of Service, the repurchase of shares of Stock acquired by the Grantee pursuant to the exercise of an Option or under a Grant of
Restricted Stock, to the extent required by applicable law, payment shall be made in cash or by cancellation of indebtedness within the later of 90 days from the date of termination of Service or 90 days from the date of exercise or purchase, as the
case may be. 
  

	 	11.4	Publicly Traded Stock. 

If the Stock is listed on an established national or regional stock exchange or is admitted to quotation on The Nasdaq Stock Market, Inc.,
or is publicly traded in an established securities market, the foregoing transfer restrictions of Sections 11.1 and 11.2 shall terminate as of the first date that the Stock is so listed, quoted or publicly traded. 

 

	 	11.5	Legend. 

 In order to
enforce the restrictions imposed upon shares of Stock under this Plan or as provided in an Award Agreement, the Board may cause a legend or legends to be placed on any certificate representing shares issued pursuant to this Plan that complies with
the applicable securities laws and regulations and makes appropriate reference to the restrictions imposed under it. 
  

	12.	PARACHUTE LIMITATIONS 

Notwithstanding any other provision of this Plan or of any other agreement, contract, or understanding heretofore or hereafter entered
into by a Grantee with the Company or any Affiliate, except an agreement, contract, or understanding hereafter entered into that expressly modifies or excludes application of this paragraph (an “Other Agreement”), and notwithstanding any
formal or informal plan or other arrangement for the direct or indirect provision of compensation to the Grantee (including groups or classes of participants or beneficiaries of which the Grantee is a member), whether or not such compensation is
deferred, is in cash, or is in the form of a benefit to or for the Grantee (a “Benefit Arrangement”), if the Grantee is a “disqualified individual,” as defined in Section 280G(c) of the Code, any Grants held by that Grantee
and any right to receive any payment or other benefit under this Plan shall not become exercisable or vested (i) to the extent that such right to exercise, vesting, payment, or benefit, taking into account all other rights, payments, or
benefits to or for the Grantee under this Plan, all Other Agreements, and all Benefit Arrangements, would cause any payment or benefit to the Grantee under this Plan to be considered a “parachute payment” within the meaning of
Section 280G(b)(2) of the Code as then in effect (a “Parachute Payment”) and (ii) if, as a result of receiving a Parachute Payment, the aggregate after-tax amounts received by the Grantee from the Company under this Plan, all
Other Agreements, and all Benefit Arrangements would be less than the maximum after-tax amount that could be received by the Grantee without causing any 

  
 - 13 -

 
such payment or benefit to be considered a Parachute Payment. In the event that the receipt of any such right to exercise, vesting, payment, or benefit under this Plan, in conjunction with all
other rights, payments, or benefits to or for the Grantee under any Other Agreement or any Benefit Arrangement would cause the Grantee to be considered to have received a Parachute Payment under this Plan that would have the effect of decreasing the
after-tax amount received by the Grantee as described in clause (ii) of the preceding sentence, then the Grantee shall have the right, in the Grantee’s sole discretion, to designate those rights, payments, or benefits under this Plan, any
Other Agreements, and any Benefit Arrangements that should be reduced or eliminated so as to avoid having the payment or benefit to the Grantee under this Plan be deemed to be a Parachute Payment; provided, however, that in order to comply with Code
Section 409A, the reduction or elimination will be performed in the order in which each dollar of value subject to an Award reduces the Parachute Payment to the greatest extent. 

 

	13.	REQUIREMENTS OF LAW 

  

	 	13.1	General. 

 The Company
shall not be required to sell or issue any shares of Stock under any Grant if the sale or issuance of such shares would constitute a violation by the Grantee, any other individual exercising a right emanating from such Grant, or the Company of any
provision of any law or regulation of any governmental authority, including without limitation any federal or state securities laws or regulations. If at any time the Company shall determine, in its discretion, that the listing, registration or
qualification of any shares subject to a Grant upon any securities exchange or under any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance or purchase of shares hereunder, no shares of
Stock may be issued or sold to the Grantee or any other individual exercising an Option pursuant to such Grant unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not
acceptable to the Company, and any delay caused thereby shall in no way affect the date of termination of the Grant. Specifically, in connection with the Securities Act, upon the exercise of any right emanating from such Grant or the delivery of any
shares of Restricted Stock, unless a registration statement under the Securities Act is in effect with respect to the shares of Stock covered by such Grant, the Company shall not be required to sell or issue such shares unless the Board has received
evidence satisfactory to it that the Grantee or any other individual exercising an Option may acquire such shares pursuant to an exemption from registration under the Securities Act. Any determination in this connection by the Board shall be final,
binding, and conclusive. The Company may, but shall in no event be obligated to, register any securities covered hereby pursuant to the Securities Act. The Company shall not be obligated to take any affirmative action in order to cause the exercise
of an Option or the issuance of shares of Stock pursuant to the Plan to comply with any law or regulation of any governmental authority. As to any jurisdiction that expressly imposes the requirement that an Option shall not be exercisable until the
shares of Stock covered by such Option are registered or are exempt from registration, the exercise of such Option (under circumstances in which the laws of such jurisdiction apply) shall be deemed conditioned upon the effectiveness of such
registration or the availability of such an exemption. 

  
 - 14 -

	 	13.2	Rule 16b-3. 

 During any
time when the Company has a class of equity security registered under Section 12 of the Exchange Act, it is the intent of the Company that Grants pursuant to the Plan and the exercise of Options granted hereunder will qualify for the exemption
provided by Rule 16b-3 under the Exchange Act. To the extent that any provision of the Plan or action by the Board does not comply with the requirements of Rule 16b-3, it shall be deemed inoperative to the extent permitted by law and deemed
advisable by the Board, and shall not affect the validity of the Plan. In the event that Rule 16b-3 is revised or replaced, the Board may exercise its discretion to modify this Plan in any respect necessary to satisfy the requirements of, or to take
advantage of any features of, the revised exemption or its replacement. 
  

	 	13.3	Financial Reports. 

 To
the extent required by applicable law, not less often than annually, the Company shall furnish to Grantees summary financial information including a balance sheet regarding the Company’s financial condition and results of operations, unless
such Grantees have duties with the Company that assure them access to equivalent information. Such financial statements need not be audited. 
  

	14.	EFFECT OF CHANGES IN CAPITALIZATION 

  

	 	14.1	Changes in Stock. 

 The
number of shares for which Grants may be made under the Plan shall be proportionately increased or decreased for any increase or decrease in the number of shares of Stock on account of any recapitalization, reclassification, stock split, reverse
split, combination of shares, exchange of shares, stock dividend or other distribution payable in capital stock, or for any other increase or decrease in such shares effected without receipt of consideration by the Company occurring after the
Effective Date ( any such event hereafter referred to as a “Corporate Event”). In addition, subject to the exception set forth in the last sentence of Section 14.4, the number of shares for which Grants are outstanding shall be
proportionately increased or decreased for any increase or decrease in the number of shares of Stock on account of any Corporate Event. Any such adjustment in outstanding Options shall not change the aggregate Option Price payable with respect to
shares that are subject to the unexercised portion of an Option outstanding but shall include a corresponding proportionate adjustment in the Option Price per share. The conversion of any convertible securities of the Company shall not be treated as
an increase in shares effected without receipt of consideration. In the event of any distribution to the Company’s stockholders of an extraordinary cash dividend or securities of any other entity or other assets (other than ordinary dividends
payable in cash or stock of the Company) without receipt of consideration by the Company, the Company may, in such manner as the Company deems appropriate, adjust (i) the number and kind of shares subject to outstanding Grants and/or
(ii) the exercise price of outstanding Options to reflect such distribution. 

  
 - 15 -

	 	14.2	Reorganization in Which the Company Is the Surviving Entity and in Which No Change of Control Occurs. 

Subject to the exception set forth in the last sentence of Section 14.4, if the Company shall be the surviving entity in any
reorganization, merger, or consolidation of the Company with one or more other entities and in which no Change of Control occurs, any Grant theretofore made pursuant to the Plan shall pertain to and apply solely to the common stock shares to which a
holder of the number of shares of Stock subject to such Grant would have been entitled immediately following such reorganization, merger, or consolidation, and in the case of Options, with a corresponding proportionate adjustment of the Option Price
per share so that the aggregate Option Price thereafter shall be the same as the aggregate Option Price of the shares remaining subject to the Option immediately prior to such reorganization, merger, or consolidation. Subject to any contrary
language in an Award Agreement evidencing a Grant of Restricted Stock, any restrictions applicable to such Restricted Stock shall apply as well to any replacement shares received by the Grantee as a result of the reorganization, merger or
consolidation. 
  

	 	14.3	Change of Control. 

Subject to the exceptions set forth in the last sentence of this Section 14.3 and the last sentence of Section 14.4
upon the occurrence of a Change of Control: 
 (i) all outstanding shares of Restricted Stock shall be deemed to have
vested, and, with the exception of such restrictions imposed under Section 11, all restrictions and conditions applicable to such shares of Restricted Stock shall be deemed to have lapsed, immediately prior to the occurrence of such
Change of Control, and 
 (ii) either of the following two actions shall be taken: 

(A) prior to the scheduled consummation of a Change of Control, all Options outstanding hereunder shall become immediately exercisable
and shall remain exercisable for a reasonable period of time determined by the Board in its sole discretion, or 
 (B) the Board
may elect, in its sole discretion, to cancel any outstanding Grants and pay or deliver, or cause to be paid or delivered, to the holder thereof an amount in cash or securities having a value (as determined by the Board acting in good faith), in the
case of Restricted Stock, equal to the formula or fixed price per share paid to holders of shares of Stock and, in the case of Options, equal to the product of the number of shares of Stock subject to the Grant (the “Grant Shares”)
multiplied by the amount, if any, by which (I) the formula or fixed price per share paid to holders of shares of Stock pursuant to such transaction exceeds (II) the Option Price applicable to such Grant Shares. 

With respect to the Company’s establishment of an exercise window, (i) any exercise of an Option during such period shall be
conditioned upon the consummation of the event and shall be effective only immediately before the consummation of the event, and (ii) upon consummation of any Change of Control the Plan, and all outstanding but unexercised Options shall
terminate. The Board shall send written notice of an event that will result in such a termination to all individuals who hold Options not later than the time at which the Company gives notice thereof to its shareholders. 

  
 - 16 -

 This Section 14.3 shall not apply to any Change of Control to the extent that
provision is made in writing in connection with such Change of Control for the assumption or continuation of the Options and Restricted Stock theretofore granted, or for the substitution for such Grants for new common stock options and new common
stock restricted stock relating to the stock of a successor entity, or a parent or subsidiary thereof, with appropriate adjustments as to the number of shares (disregarding any consideration that is not common stock) and option prices, in which
event the Grants theretofore granted shall continue in the manner and under the terms so provided. 
  

	 	14.4	Adjustments. 

 Adjustments
under Section 14 related to shares of Stock or securities of the Company shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. No fractional shares or other securities shall be issued
pursuant to any such adjustment, and any fractions resulting from any such adjustment shall be eliminated in each case by rounding downward to the nearest whole share. The Board may provide in the Award Agreements at the time of Grant, or any time
thereafter with the consent of the Grantee, for different provisions to apply to a Grant in place of those described in Sections 14.1, 14.2 and 14.3. 
  

	 	14.5	No Limitations on Company. 

The making of Grants pursuant to the Plan shall not affect or limit in any way the right or power of the Company to make adjustments,
reclassifications, reorganizations, or changes of its capital or business structure or to merge, consolidate, dissolve, or liquidate, or to sell or transfer all or any part of its business or assets. 

 

	15.	DURATION AND AMENDMENTS 

  

	 	15.1	Term of the Plan. 

 The
Effective Date of this Plan is the date of its adoption by the Board. The Plan shall terminate automatically ten (10) years after its adoption by the Board and may be terminated on any earlier date as next provided. 

 

	 	15.2	Amendment and Termination of the Plan. 

 The Board may, at any time and from time to time, amend, suspend, or terminate the Plan as to any shares of Stock as to which Grants have not been made. An amendment to the Plan shall be contingent on
approval of the Company’s stockholders only to the extent required by applicable law, regulations or rules. No Grants shall be made after the termination of the Plan. No amendment, suspension, or termination of the Plan shall, without the
consent of the Grantee, alter or impair rights or obligations under any Grant theretofore awarded under the Plan. 

  
 - 17 -

	16.	GENERAL PROVISIONS 

  

	 	16.1	Disclaimer of Rights 

 No
provision in the Plan or in any Grant or Award Agreement shall be construed to confer upon any individual the right to remain in the employ or service of the Company or any Affiliate, or to interfere in any way with any contractual or other right or
authority of the Company either to increase or decrease the compensation or other payments to any individual at any time, or to terminate any employment or other relationship between any individual and the Company or any Affiliate. The obligation of
the Company to pay any benefits pursuant to this Plan shall be interpreted as a contractual obligation to pay only those amounts described herein, in the manner and under the conditions prescribed herein. The Plan shall in no way be interpreted to
require the Company to transfer any amounts to a third party trustee or otherwise hold any amounts in trust or escrow for payment to any participant or beneficiary under the terms of the Plan. 

 

	 	16.2	Nonexclusivity of the Plan 

The adoption of the Plan shall not be construed as creating any limitations upon the right and authority of the Board to adopt such other
incentive compensation arrangements (which arrangements may be applicable either generally to a class or classes of individuals or specifically to a particular individual or particular individuals) as the Board in its discretion determines
desirable, including, without limitation, the granting of stock options otherwise than under the Plan. 
  

	 	16.3	Captions 

 The use of
captions in this Plan or any Award Agreement is for the convenience of reference only and shall not affect the meaning of any provision of the Plan or such Award Agreement. 

 

	 	16.4	Other Award Agreement Provisions 

 Each Grant awarded under the Plan may contain such other terms and conditions not inconsistent with the Plan as may be determined by the Board, in its sole discretion. 

 

	 	16.5	Number and Gender 

 With
respect to words used in this Plan, the singular form shall include the plural form, the masculine gender shall include the feminine gender, etc., as the context requires. 

 

	 	16.6	Severability 

 If any
provision of the Plan or any Award Agreement shall be determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms,
and all provisions shall remain enforceable in any other jurisdiction. 

  
 - 18 -

	 	16.7	Governing Law 

 The
validity and construction of this Plan and the instruments evidencing the Grants awarded hereunder shall be governed by the laws of the State of Delaware other than any conflicts or choice of law rule or principle that might otherwise refer
construction or interpretation of this Plan and the instruments evidencing the Grants awarded hereunder to the substantive laws of any other jurisdiction. 
  

	 	16.8	Code Section 409A 

The Board intends to comply with Section 409A of the Code, or an exemption to Section 409A of the Code, with regard to Grants
hereunder that constitute nonqualified deferred compensation within the meaning of Section 409A of the Code. To the extent that the Board determines that a Grantee would be subject to the additional 20% tax imposed on certain nonqualified
deferred compensation plans pursuant to Section 409A of the Code as a result of any provision of any Grant granted under this Plan, such provision shall be deemed amended to the minimum extent necessary to avoid application of such additional
tax. The nature of any such amendment shall be determined by the Board. 
  

	17.	EXECUTION 

 To record
adoption of the Plan by the Board as of December 8, 2008, and as amended on November 12, 2009, July 21, 2010, April 15, 2011, June 27, 2011 and December 6, 2011, the Company has caused its authorized
officer to execute the Plan. 
  

			
		 	BioAmber Inc.
		
	By:	 	 /s/ Jean-François Huc

		 	Jean-François Huc
		 	President

  
 - 19 -

 BIOAMBER INC. OPTION CERTIFICATE NUMBER
OC-— 
 

 
 FORM OF OPTION CERTIFICATE AND AWARD AGREEMENT 

This Option Certificate and Award Agreement (“Certificate”) certifies that the Board of directors of BioAmber Inc., a Delaware corporation (the
“Corporation”) granted to — (the “Grantee”), in his capacity as —, an option (the “Option”) to purchase, in whole or in
part, — shares of the Corporation’s (the “Option Shares”) $.01 par value common stock (the “Stock”), at a price of US$— per
Option Share (the “Option Price”), the whole in accordance with the Corporation’s stock incentive plan dated December 8, 2008, as amended on November 12, 2009, July 21, 2010, April 15, 2011, June 27,
2011 and December 6, 2011 (the “Plan”). Capitalized terms used herein that are not otherwise defined shall have the meaning as provided in the Plan. 
 1. Character of Option. This Option is an Incentive Stock Option. 
 2. Exercise vesting
conditions. The Options described herein may be exercised and vest [as follows: twenty-five percent (25%) vesting on —, and the remaining seventy-five percent (75%) vesting on a monthly
basis over the following three (3) years] [over a three (3) year period (prorated monthly) from —, at the rate of 1/36 of the total number of options granted per month] [over a four (4) year
period, in reason of 25% per year (prorated monthly)], subject to the terms and conditions set out in the Plan. 
 Notwithstanding the
preceding, all Options will vest in their entirety upon the Corporation effecting [(a) the sale of all or substantially all of its assets to another person or entity, or (b) any transaction (including without limitation a merger or
reorganization in which the Company is the surviving entity) which results in any person or entity (other than persons who are shareholders or affiliates immediately prior to the transaction) owning 50% or more of the combined voting power of all
classes of stock of the Corporation. For greater clarity, it is understood that the Options shall not vest automatically upon the Corporation effecting an initial public offering] [(a) an initial public offering, (b) the sale of all or substantially
all of its assets to another person or entity, or (c) any transaction (including without limitation a merger or reorganization in which the Company is the surviving entity) which results in any person or entity (other than persons who are
shareholders or affiliates immediately prior to the transaction) owning 50% or more of the combined voting power of all classes of stock of the Corporation]. 
 3. Expiration of Option. Subject to the terms of the Plan, the right to exercise the Options granted by this Option Certificate shall expire and be null and void and of no further force or effect
to the extent not exercised by 5:00 p.m., on the — day of —, — (the “Option Expiration
Date”). 
 4. Method of Exercise and payment. This Option may be exercised by the Grantee by the surrender of this Option
Certificate, together with a properly completed and executed written exercise notice in the form provided for in Exhibit “A” hereto (the “Notice”) and the full payment of the Option Price, either in cash, by certified check or
bank draft payable to the order of the Corporation, on any business day, at the Corporation’s principal offices located at 1250 Rene-Levesque West, Suite 4110, Montreal, Quebec, H3B 4W8 or such other address as may be notified in writing by the
Corporation. 
 5. Certificates for Shares. Upon the exercise of the Option evidenced by this Option Certificate, one or more
certificates for the number of shares so purchased shall be issued as soon as practicable thereafter to the Grantee at the address indicated in the Notice, and in any event within ten (10) days of receipt by the Corporation of the Notice and
the Option Price. 

 BIOAMBER INC. OPTION CERTIFICATE NUMBER
OC-— 
  

 6. Minimum number of shares of Stock to be exercised. The minimum number of shares of Stock with
respect to which an Option may be exercised, in whole or in part, at any time shall be the lesser of (i) 100 shares and (ii) the maximum number of shares available for purchase under the Option at the time of exercise. 

7. Exercise of Option on Termination of Service. While the Option terminates on the Option Expiration Date, the Option shall terminate earlier in
the following events: 
  

	 	(i)	in the event of termination of Service with the Corporation for any reason other than death, Disability or for Cause, the Option shall terminate three (3) months
following the date of termination and is exercisable during such three (3) month period as to the portion of the Option which has vested prior to the date of termination of Service; 

 

	 	(ii)	in the event of termination of Service with the Corporation due to death or Disability, the Option shall terminate two (2) years following the date of termination
and is exercisable during such two (2) year period as to the portion of the Option which has vested prior to the date of termination of Service; 

  

	 	(iii)	in the event of termination of Service for Cause, the Option shall terminate immediately. 

Notwithstanding the foregoing, any unvested Options will immediately terminate upon the date of termination of Service. 

8. Adjustment of Number of Option Shares. The number of Option Shares and kind of shares purchasable upon exercise of this Option shall be subject
to adjustment from time to time according to the terms of the Plan. 
 9. Transferability of Options. No Option shall be assignable or
transferable by the Grantee, other than as provided in the Plan, by will or the laws of descent and distribution. 
 10. Right of Option
Holders. A Grantee shall not be, nor have any of the rights or privileges of, a shareholder of the Corporation in respect of any share purchasable upon the exercise of any part of the Option unless and until certificates representing such shares
shall have been issued by the Corporation to such Grantee. 
 11. Terms of the Plan. All of the terms and provisions of the Plan are
incorporated herein by reference as if fully set forth at length herein, and the Grantee acknowledges receipt and review of the Plan. In the event of any conflict or inconsistency between the Plan and the terms set forth herein, the terms of the
Plan shall have priority and precedence over the terms herein. 
 12. Notices. All notices, requests, demands, consents, instructions or
other communications required or permitted hereunder shall be in writing and mailed or delivered to each party at the respective addresses of the parties as set forth hereunder, or at such other address as the Corporation shall have furnished to the
Grantee in writing. All such notices and communications will be deemed effectively given the earlier of (i) when received, (ii) when delivered personally, (iii) two business days after being deposited with an overnight courier service
of recognized standing or (iv) four days after being deposited with US Post, first class with postage prepaid. 

 BIOAMBER INC. OPTION CERTIFICATE NUMBER
OC-— 
  

 13. Governing Law. This Option Certificate and Award Agreement and all actions arising out of or
in connection with this Option Certificate and Award Agreement shall be governed by and construed in accordance with the laws of the state of Delaware and the laws of United States of America applicable therein. 

Issued as of this — day of —, 2012.

  

			
		 	BIOAMBER INC.
		
	By:	 	  

		 	Jean-François Huc, President and CEO

 READ AND ACCEPTED THIS     the day of
            , 2012. 
  

	
	  

	Signature
	
	 —

	Name
	
	 —

	Address
	
	  

	—

 BIOAMBER INC. OPTION CERTIFICATE NUMBER
OC-— 
  

 EXHIBIT A 

NOTICE OF EXERCISE 
  

	TO:	BIOAMBER INC. 

  

	1.	The undersigned hereby exercises its Option to purchase              shares of Stock of BioAmber Inc.
pursuant to the terms of the attached Option Certificate. 

  

	2.	The undersigned tenders herewith payment in full for the Option Price of the shares for which the Option is being exercised. 

 

	3.	Please issue a certificate or certificates representing said shares in the name of the undersigned or in such other name as is specified below:

  
  

(Name) 
  

	4.	Please issue the certificate or certificates representing said shares at the following address: 

 

									
		 	  
	 	
			
		 	  
	 	
			
		 	  
	 	
		 		 		 	(Address)	 	
					
	SIGNED AT	 	  
	 	, on	 	  
	 	.

  

	
	  

	(Signature)
	
	  

	(Name)

 BIOAMBER INC. OPTION CERTIFICATE NUMBER
OC-— 
  

 

 
 OPTION CERTIFICATE AND AWARD AGREEMENT 

This Option Certificate and Award Agreement (“Certificate”) certifies that the Board of directors of BioAmber Inc., a Delaware corporation (the
“Corporation”) granted to — (the “Grantee”), in his capacity as Consultant to the Corporation, an option (the “Option”) to purchase, in whole or in part, — shares of the Corporation’s (the “Option Shares”) $.01 par value common stock (the “Stock”), at a price of US$— per Option Share
(the “Option Price”), the whole in accordance with the Corporation’s stock incentive plan dated December 8, 2008, as amended on November 12, 2009, July 21, 2010, April 15, 2011, June 27, 2011 and
December 6, 2011 (the “Plan”). Capitalized terms used herein that are not otherwise defined shall have the meaning as provided in the Plan. 
  

	1.	Character of Option. This Option is a Non-Qualified Stock Option. 

 2. Exercise vesting conditions. The Options described herein may be exercised according to the following vesting schedule, subject to the terms and conditions set out in the Plan: 

 

			
	 Number of Options
	  	 Vesting Date

		
	 —
	  	—
		
	 —
	  	—

 Notwithstanding the preceding, all Options will vest in their entirety upon the Corporation effecting [(a) the sale
of all or substantially all of its assets to another person or entity, or (b) any transaction (including without limitation a merger or reorganization in which the Company is the surviving entity) which results in any person or entity (other
than persons who are shareholders or affiliates immediately prior to the transaction) owning 50% or more of the combined voting power of all classes of stock of the Corporation. For greater clarity, it is understood that the Options shall not vest
automatically upon the Corporation effecting an initial public offering] [(a) an initial public offering, (b) the sale of all or substantially all of its assets to another person or entity, or (c) any transaction (including without limitation a
merger or reorganization in which the Company is the surviving entity) which results in any person or entity (other than persons who are shareholders or Affiliates immediately prior to the transaction) owning 50% or more of the combined voting power
of all classes of stock of the Corporation]. 
 3. Expiration of Option. Subject to the terms of the Plan, the right to exercise the
Options granted by this Option Certificate shall expire and be null and void and of no further force or effect to the extent not exercised by 5:00 p.m., on the — day of —, — (the “Option Expiration Date”). 

4. Method of Exercise and payment. This Option may be exercised by the Grantee by the surrender of this Option Certificate, together with a
properly completed and executed written exercise notice in the form provided for in Exhibit “A” hereto (the “Notice”) and the full payment of the Option Price, either in cash, by certified check or bank draft payable to the order
of the Corporation, on any business day, at the Corporation’s principal offices located at 1250 Rene-Levesque West, Suite 4110, Montreal, Quebec, H3B 4W8 or such other address as may be notified in writing by the Corporation. 

 BIOAMBER INC. OPTION CERTIFICATE NUMBER
OC-— 
  

 5. Certificates for Shares. Upon the exercise of the Option evidenced by this Option Certificate,
one or more certificates for the number of shares so purchased shall be issued as soon as practicable thereafter to the Grantee at the address indicated in the Notice, and in any event within ten (10) days of receipt by the Corporation of the
Notice and the Option Price. 
 6. Minimum number of shares of Stock to be exercised. The minimum number of shares of Stock with respect
to which an Option may be exercised, in whole or in part, at any time shall be the lesser of (i) 100 shares and (ii) the maximum number of shares available for purchase under the Option at the time of exercise. 

7. Exercise of Option on Termination of Service. While the Option terminates on the Option Expiration Date, the Option shall terminate earlier in
the following events: 
  

	 	(i)	in the event of termination of Service with the Corporation for any reason other than death, Disability or for Cause, the Option shall terminate three (3) months
following the date of termination and is exercisable during such three (3) month period as to the portion of the Option which has vested prior to the date of termination of Service; 

 

	 	(ii)	in the event of termination of Service with the Corporation due to death or Disability, the Option shall terminate two (2) years following the date of termination
and is exercisable during such two (2) year period as to the portion of the Option which has vested prior to the date of termination of Service; 

  

	 	(iii)	in the event of termination of Service for Cause, the Option shall terminate immediately. 

Notwithstanding the foregoing, any unvested Options will immediately terminate upon the date of termination of Service. 

8. Adjustment of Number of Option Shares. The number of Option Shares and kind of shares purchasable upon exercise of this Option shall be subject
to adjustment from time to time according to the terms of the Plan. 
 9. Transferability of Options. No Option shall be assignable or
transferable by the Grantee, other than as provided in the Plan, by will or the laws of descent and distribution. 
 10. Right of Option
Holders. A Grantee shall not be, nor have any of the rights or privileges of, a shareholder of the Corporation in respect of any share purchasable upon the exercise of any part of the Option unless and until certificates representing such shares
shall have been issued by the Corporation to such Grantee. 
 11. Terms of the Plan. All of the terms and provisions of the Plan are
incorporated herein by reference as if fully set forth at length herein, and the Grantee acknowledges receipt and review of the Plan. In the event of any conflict or inconsistency between the Plan and the terms set forth herein, the terms of the
Plan shall have priority and precedence over the terms herein. 
 12. Notices. All notices, requests, demands, consents, instructions or
other communications required or permitted hereunder shall be in writing and mailed or delivered to each party at the respective addresses of the parties as set forth hereunder, or at such other address as the Corporation shall have furnished to the
Grantee in writing. All such notices and communications will be deemed effectively given the earlier of (i) when received, (ii) when delivered personally, (iii) two business days after being deposited with an overnight courier service
of recognized standing or (iv) four days after being deposited with US Post, first class with postage prepaid. 

 BIOAMBER INC. OPTION CERTIFICATE NUMBER
OC-— 
  

 13. Governing Law. This Option Certificate and Award Agreement and all actions arising out of or
in connection with this Option Certificate and Award Agreement shall be governed by and construed in accordance with the laws of the state of Delaware and the laws of United States of America applicable therein. 

Issued as of this — day of —, 2012.

  

			
		 	BIOAMBER INC.
		
	By:	 	  

		 	Jean-François Huc, President and CEO

 READ AND ACCEPTED THIS     the day of
            , 2012. 
  

	
	  

	Signature
	
	 —

	Name
	
	 —

	Address
	
	 —

	E-mail and phone number

 BIOAMBER INC. OPTION CERTIFICATE NUMBER
OC-— 
  

 EXHIBIT A 

NOTICE OF EXERCISE 
  

	TO:	BIOAMBER INC. 

  

	1.	The undersigned hereby exercises its Option to purchase              shares of Stock of BioAmber Inc.
pursuant to the terms of the attached Option Certificate. 

  

	2.	The undersigned tenders herewith payment in full for the Option Price of the shares for which the Option is being exercised. 

 

	4.	Please issue a certificate or certificates representing said shares in the name of the undersigned or in such other name as is specified below:

  
  

(Name) 
  

	5.	Please issue the certificate or certificates representing said shares at the following address: 

 

									
		 	  
	 	
			
		 	  
	 	
			
		 	  
	 	
		 		 		 	(Address)	 	
					
	SIGNED AT	 	  
	 	, on	 	  
	 	.

  

	
	  

	(Signature)
	
	  

	(Name)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}]]