Document:

BioAmber Inc. Stock Incentive Plan

 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 

  
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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, 

  
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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. 

  
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 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 

  
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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

  
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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. 

  
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	 	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. 

  
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	 	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. 

  
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	 	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 

  
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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. 

  
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	 	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

  
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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-— 
 

 
 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, 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. 
 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. 
  

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

 15. 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. 
 16. 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”). 

17. 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-— 
  

 18. 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. 
 19. 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.

 20. 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. 

21. 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. 
 22. 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. 
 23. 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. 
 24. 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. 
 25. 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-— 
  

 26. 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)Deposit Agreement, dated as of February 27, 2012

 Exhibit 4.4 

 

SERVICE CONTRACT FOR THE ISSUANCE AND BOOKKEEPING OF BRAZILIAN 

DEPOSITARY RECEIPTS (BDRs) 

 ITAÚ CORRETORA DE VALORES S.A.,(“ITAUCOR”); Tax ID no 61.194.353/0001-64, with offices located in Avenida Brigadeiro Faria Lima 3400 – 10th floor, São
Paulo, SP; 
 Lan Airlines S.A, (the “CLIENT”), Tax ID no33.937.681/0001-78, share company created under Chilean law,
with offices located in Presidente Riesco 5711, 20th floor, Las Condes, Santiago, Chile, 
 Whereas: 

 

	 	(a)	ITAUCOR is the financial institution empowered and authorized by the Central Bank of Brazil and the Brazilian Securities and Exchange Commission
(“CVM”), to provide bookkeeping services and issuances of securities certificates, pursuant to Article 43 of law 6.404, of 15 December 1976 (“LSA – Stock Corporation Act”); 

 

	 	(b)	ITAUCOR is the financial institution empowered and authorized by CVM to provide bookkeeping services pertaining to Securities, pursuant to Article 34, paragraph
2, of the Stock Corporations Act (LSA); 

  

	 	(c)	The CLIENT intends to issue the securities certificates known as Brazilian Depositary Receipts (“BDR” or “BDRs”), each representing
one registered share (“Security” or “Securities”) issued by the CLIENT; 

  

	 	(d)	The CLIENT is interested in commissioning ITAUCOR to provide bookkeeping services and issuance of BDRs as well as services related to the depositary
institution of said certificates; 

  

	 	(e)	The CLIENT declares awareness of the Operating Rules of the STOCK EXCHANGE, COMMODITIES AND FUTURES EXCHANGE (“BM&BOVESPA”) and the contract
created by and between itself and ITAUCOR to sustain the provision of services under this contract; 

  

	 	(f)	The CLIENT declares responsibility for the decision to commission ITAUCOR to act as BDRs issuing agent and bookkeeper; 

 

	 	(g)	The issuance of BDRs (“BDR Program”) is subject to compliance with the provisions of this contract, especially with regard to the requirement of a deposit of
Securities to be made in advance by their holders to Banco Itau Chile, with offices in Avenida Apoquindo 3457, Las Condes, Santiago, Chile, which is acting as custodian of the Securities overseas (“CUSTODIAN”); 

  
 1 

 The parties mutually agree as follows. 

 

	 1.	PURPOSE 

  

	1.1.	ITAUCOR will provide the holders of BDRs representing Securities issued by the CLIENT, with the services of issuance, bookkeeping and cancellation of said
certificates in Brazil, and will take actions in the implementation of the BDR Program. 

  

	1.2.	ITAUCOR, will additionally provide holders of BDRs with the services required to protect their basic rights under this Agreement, including the right to vote and
rights of preference, payment of dividends, bonuses in cash or securities, share grouping and stock splits, among others, that take place abroad. 

  

	1.3.	The list of services to be provided by ITAUCOR is found in Annex l of this contract. 

 

	 2.	COMMUNICATION BETWEEN PARTIES 

  

	2.1.	Oral and written communication between the CLIENT and ITAUCOR shall be maintained exclusively through the persons appointed by them and authorized
in writing (“Authorized Persons”), as indicated in the sample authorization letter provided in Annex II of this contract. 

  

	2.2.	For the purposes of communication the parties may use SWIFT messages, fax, e-mail, letter or electronic proxy, provided that said communications are sent
by Authorized Persons. 

  

	2.3.	The parties may amend the appointed Authorized Persons or their data at any time by issuing a new authorization letter in accordance with the sample
authorization letter provided in Annex II, which is to be received by the recipient at least 1 (one) working day prior to the effective date of the change. 

 

	2.4.	The Parties shall keep all files and records of the correspondence and agreements of their representatives regarding the execution of this contract.

  

	 3.	CHARACTERISTICS OF BRAZILIAN DEPOSITARY RECEIPTS - BDRs 

  

	3.1.	FORM – BDRs shall be registered and will be recorded by ITAUCOR, in a book-entry system. 

 

	3.2.	ISSUANCE – The issuance of BDRs shall take place according to the instructions provided in Section III of Annex I of this contract.

  
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	3.3.	BOOKKEEPING – ITAUCOR shall keep a register of holders of BDRs (“BDR Register”), which shall contain information on holders of BDRs,
individually, as well as the total number of BDRs issued on behalf of BM & FBOVESPA, as nominal trust certificates, which shall be blocked for deposit in an escrow account at that entity. 

 

	 	3.2.1.	The BDR Register shall keep records of the total number of certificates, as well as issuance, cancellations and changes resulting from corporate actions such as
stock splits, reverse stock splits, redemptions, buybacks, share grouping, spin-offs, and bonuses, amongst others. 

  

	 	3.2.2.	ITAUCOR shall perform periodic reconciliation of BDRs recorded in the BDR Register with the total number of Securities deposited with the CUSTODIAN.

  

	3.4.	OWNERSHIP – BDR ownership shall be assumed through a written statement issued by ITAUCOR to the holders of BDRs who retain their
certificates in the BDR Register, and by a custody statement or an extract from the custody statement, to be submitted by BM & FBOVESPA to the holders of BDRs who hold their certificates in custody with the latter institution.

  

	3.5.	BDR CANCELLATION – The cancellation of BDRs shall take place according to the instructions provided in Section IV of Annex I of this contract.

  

	3.6.	TRADING ENVIRONMENT – Over the counter BDR transactions shall be permitted, with the consequent transfer of ownership, provided that they are
in compliance with all legal and operational procedures, including proof of payment of all taxes. 

  

	3.7.	CUSTODY – BDRs may be kept in custody at BM & FBOVESPA, with the option of withdrawal from custody for registration in the
CLIENT’s Brazilian Depositary Receipts (BDRs) Book. 

 

	 4.	RIGHTS OF BDR HOLDERS 

  

	4.1.	BDRs shall grant their holders the same rights and advantages of Asset-backed Securities, and shall be held in custody by the CUSTODIAN, with the
following provisions: 

  

	 	4.1.1.	Possession of BDRs does not confer the rights of shareholders of the CLIENT; 

 

	 	4.1.2.	the exercise of rights granted to BDR holders is subject to the terms and conditions contained herein; and 

 

	 	4.1.3.	the exercise of rights granted to holders of BDRs is subject to the restrictions set forth in Brazilian laws and regulations applicable hereto.

  
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	4.2.	PAYMENT OF DIVIDENDS AND OTHER DISTRIBUTIONS IN CASH – holders of BDRs shall be guaranteed the right to receive dividends and other cash
distributions paid by overseas customers. 

  

	 	4.2.1.	The CLIENT shall disclose information regarding payment of dividends and other distributions in cash to the Securities market, both overseas and in Brazil.

  

	 	4.2.2.	On the date that ITAUCOR receives the amounts owed overseas, and in order to make the corresponding payment to holders of BDRs, ITAUCOR shall appoint a
foreign exchange agency for the entry of funds into Brazil. 

  

	 	4.2.3.	Upon receipt of the CLIENT’s or CUSTODIAN’s information, and upon completion of the exchange agreement referred to in the previous subsection,
ITAUCOR shall inform BM & FBOVESPA of the base date of the payment terms, the amount per BDR, taxes, if any, and date of payment. 

  

	 	4.2.4.	Dividends and other cash distributions payable to holders of BDRs who maintain their certificates in custody at BM & FBOVESPA will be credited to the
latter, as the trustee holder of the BDRs. It shall be duty of BM&FBOVESPA, in turn, to undertake the distribution of dividends and other cash distributions to the escrow agents and brokers, who are responsible for making the payments to
BDR holders registered in their records in accordance with the credit option made before said institutions. Those holders of BDRs who keep their certificates in the record books shall receive payment for such credit according to the credit option
contained in their credit record with ITAUCOR.  

  

	 	4.2.5.	Cash distributions shall be proportionate to the number of Securities represented by the BDRs, and those distributions will only be made in real
(Brazilian currency – R$) and whole R$ cents. 

  

	 	4.2.6.	The CLIENT shall not be obliged to pay interest or any other fees during the time period from the date on which dividends and other cash distributions are paid
abroad and the date that funds are credited to the holders of BDRs in Brazil. 

  

	 	4.2.7.	Any taxes to be collected by ITAUCOR under applicable law will be withheld before the distribution of dividends is made to holders of BDRs.

  

	4.3.	PRE-EMPTION RIGHT – holders of BDRs will be guaranteed, when appropriate, the exercise or free disposal of the pre-emption right to subscribe
securities – before the offering is made to others – that may be issued by the CLIENT, or other rights to be granted to holders of the Securities. 

 

	 	4.3.1.	After being informed of the granting of pre-emption rights to subscribe for securities, ITAUCOR shall notify holders of BDRs and BM &
FBOVESPA of the granting of said right, and request holders of BDRs to express their interest and to either exercise their right or dispose of it. 

  
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	 	4.3.2.	It shall be the responsibility of the CLIENT or CUSTODIAN to inform ITAUCOR regarding the number of securities that may be subscribed to, as
well as to the extent to which holders of BDRs can exercise this right. 

  

	 	4.3.3.	It shall also be the responsibility of the CLIENT or CUSTODIAN to provide ITAUCOR with other information related to the exercise of
pre-emption rights, such as (i) the issue price of securities, which should be converted to local currency, with the subsequent addition of corresponding fees set forth in the pricing schedule attached (ii) the period of exercise of
subscription rights, (iii) the deadline for holders of BDRs to express their interest to ITAUCOR (iv) treatment of any surplus, and (v ) other information that may have been disclosed overseas. 

 

	 	4.3.4.	The subscription price of the Securities to be paid by holders of BDRs will consist of a lump sum equivalent to the following: (i) the subscription price in
foreign currency converted to local currency by the PTAX sale rate, published by the Central Bank of Brazil, the day prior to the dispatch of the subscription information that ITAUCOR is to disclose to the market, (ii) exchange rate
observed up until the date of payment, plus the issuance rate per BDR indicated in the Pricing Schedule in Annex III. 

  

	 	4.3.5.	For holders of BDRs who may hold their certificates (i) in custody at BM & FBOVESPA, the latter should make the individualized credit of the
subscription rights to each BDR holder, through brokers or escrow agents, who in turn will inform their customers that they may execute their option for subscription or sale of subscription rights in Brazil, or opt not to exercise any of the
foregoing. The holders of BDRs who hold their certificates (ii) recorded in the BDR Register shall receive from ITAUCOR a note of subscription, through which they can exercise their right, or assign it to another investor.

  

	 	4.3.6.	The broker or escrow agent shall exercise the right to subscribe on behalf of the of holders of BDRs before BM & FBOVESPA, by making payment to
the latter, which shall settle the transaction, crediting the corresponding amounts to ITAUCOR, including the amount related to the fees described in subsection 4.3.4. The subscribed BDRs at ITAUCOR shall be settled within the institution
itself. 

  

	 	4.3.7.	ITAUCOR shall receive from brokers that provide custodial services through the BM & FBOVESPA the sums required for the subscription payment, plus
any fees specified in subsection 4.3.4, and will provide a closing currency exchange rate for the transfer of funds sent abroad, for the amounts owed to the CUSTODIAN. 

 

	 	4.3.8.	The Custodian shall receive the amount corresponding to the issue price of the securities in foreign currency and will be responsible for the corresponding
payment to the CLIENT, receiving in turn the Securities, which will be held on behalf of ITAUCOR by the CUSTODIAN, securing the BDRs to be issued in Brazil. 

  
 5 

	 	4.3.9.	The CLIENT shall not be obliged to pay interest or any other fees, for the time period from the date on which the securities are subscribed to the date on
which they are delivered to the holders of BDRs. 

  

	 	4.4.	BONUSES IN STOCK SECURITIES AND STOCK SPLITS – In the hypothetical case of bonuses in stock securities or stock splits, ITAUCOR shall
issue the new BDRs corresponding to such securities, and will credit them to the holders of BDRs. 

  

	 	4.4.1.	The new BDRs will be credited to BM & FBOVESPA in the escrow account of the respective holders – for those who hold their certificates in
custody at BM & FBOVESPA. For investors who hold their BDRs in the BDR Register, the new certificates will be registered by ITAUCOR in that Register. 

 

	 	4.4.2.	BDRs will only be issued as whole depositary shares. The fractions generated, deemed insufficient to form a BDR, will be combined and sold by auction at
BM & FBOVESPA, and the value from the sale will be credited in proportion to each BDR holder. 

  

	 	4.4.3.	The CLIENT shall not be obliged to pay interest or any other fees for the time period from the date on which the fractions deemed insufficient to form a
BDR are assigned and transferred to ITAUCOR, to the date that the proceeds from the sale of the fractions are delivered to holders of BDRs. 

  

	 	4.4.4.	Any taxes that are to be collected by ITAUCOR under applicable law will be withheld before distribution is made to holders of BDRs.

  

	 	4.4.5.	The CLIENT may choose not to distribute additional BDRs to holders of BDRs, and rather to adjust the ratio between Securities and BDRs.

  

	4.5.	SHARE GROUPING – In the case of share grouping [reverse stock splits] of Securities an automatic cancellation of BDRs will take place in sufficient
numbers to reflect the new amount of securities on deposit with the CUSTODIAN. 

  

	 	4.5.1.	For holders of BDRs who hold their certificates in custody at BM&FBOVESPA, ITAUCOR will inform the latter that it will debit each holder’s
escrow account, automatically canceling the BDRs. For holders of BDRs who hold their certificates in the BDR Register, ITAUCOR will debit each individual BDR holder’s account 

 

	 	4.5.2.	Only whole BDRs will be cancelled. The fractions generated that are deemed insufficient to form a BDR shall be combined and sold by auction at BM &
FBOVESPA, and the value from the sale will be credited in proportion to each BDR holder. 

  
 6 

	 	4.5.3.	The CLIENT shall not have to pay interest or any other fees for the time period between the dates on which the fractions deemed insufficient to form a BDR
are assigned and transferred to ITAUCOR, and the date that the proceeds from the sale of the fractions are delivered to holders of BDRs. 

  

	 	4.5.4.	Any taxes that are to be collected by ITAUCOR under applicable law will be withheld before distribution is made to holders of BDRs.

  

	 	4.5.5.	The CLIENT may choose not to proceed with cancellation of the BDRs required to register the share grouping to the holders, and rather to adjust the ratio
between Securities and BDRs. 

  

	4.6.	SPIN-OFFS or (REVERSE STOCK-SPLITS), INCORPORATION AND MERGER – holders of BDRs will be entitled to demerge, merge or consolidate which may be
decided by the CLIENT, and the treatment to be adopted will depend on the characteristics of each event. 

  

	 	4.6.1.	ITAUCOR and BM & FBOVESPA shall provide the records to reflect the new number of BDRs withheld by their holders. 

 

	4.7.	VOTING RIGHTS – holders of BDRs have the right to instruct ITAUCOR to exercise the votes corresponding to the Securities deposited with the
CUSTODIAN, exclusively in relation to matters in which such Securities confer voting rights as provided in the CLIENT’s bylaws. 

  

	 	4.7.1.	When calling a General Shareholders’ Meeting, the CLIENT shall forward the call notice to ITAUCOR accompanied by a written report in support
thereof of up to 4 (four) pages, already translated into Portuguese, so that it may notify holders of BDRs, considering the time limits specified in Clause 4.7.2 here below. 

 

	 	4.7.2.	Upon receipt of the notification as provided in Section 4.7.1 here above, ITAUCOR shall, within a period no greater than 10 days, send to holders of BDRs
– at the addresses they keep on record with ITAUCOR – and their respective brokers or escrow agents, a notice which must contain: (a) the information contained in the notification received by ITAUCOR, (b) a
statement declaring that holders of BDRs shall have the right to send their voting instruction to ITAUCOR no later than 5 (five) working days before the meeting date, through the completion of voting instructions to be forwarded, together
with the written notice mentioned here above. 

  

	 	4.7.3.	Replies to communications sent in accordance with Clause 4.7.2 above, containing voting instructions, should be directed to ITAUCOR, Rua Ururaí,
111 – Prédio II – Piso Térreo – Tatuapé – São Paulo, SP, CEP 03084-010, aos cuidados da Unidade Dedicada de Produtos ADR/BDR (c/o Unit In Charge Of ADR/BDR.) 

  
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	 	4.7.4.	Upon receipt of the corresponding voting instructions, ITAUCOR shall proceed to tabulate the votes and will forward the information to the CUSTODIAN via a
SWIFT message, or a PDF email attachment, or fax. 

  

	 	4.7.5.	Upon receiving the information, the Custodian, will empower someone to vote – in accordance with the voting instructions received from ITAUCOR – as
representative in the shareholders’ meeting. 

  

	 	4.7.6.	ITAUCOR and its agents shall not be liable to the CLIENT, to holders of BDRs, or to any third party, as applicable, for failure due to non-receipt of
voting instructions or non-receipt of such instructions in time to meet the deadlines set forth in Section 4.7.2 here above. 

  

	 	4.7.7.	If the CLIENT sends ITAUCOR a notification of a call for a general meeting to request that the holders of BDRs voting instructions are sent in a timely
manner, but ITAUCOR does not receive the voting instructions by the specified date, it will be deemed by ITAUCOR that there are no voting instructions to be exercised. In such case, the votes corresponding to Securities deposited with
the CUSTODIAN will not be exercised. 

  

	 	4.7.8.	Under no circumstance shall ITAUCOR be entitled to exercise discretionary voting rights with respect to the Securities backing BDRs. If, after compliance with
the provisions in sections 4.7.1 to 4.7.5, ITAUCOR fails to receive voting instructions, from one or more BDR holders with respect to the Securities, ITAUCOR cannot delegate the right to vote on Securities to a person designated by the
CLIENT. 

  

	4.8.	OTHER BDR HOLDERS’ RIGHTS – Other rights of holders of BDRs that may affect the number of Securities or BDRs, or may bring consequences
unintended in this contract, shall be settled by agreement between the CLIENT and ITAUCOR. 

  

	 	4.8.1.	At any time that ITAUCOR receives cash distributions other than those previously set forth, ITAUCOR should distribute them to holders of BDRs in
proportion to the number of BDRs held by each, provided that this is in accordance with the provisions of this contract and applicable law. 

  

	 	4.8.2.	Holders of BDRs shall not be offered any rights or other prerogatives that are or may be illegal or inconsistent with Brazilian Law in force, or which are
impractical regarding availability to holders of BDRs. 

  

	 	4.8.3.	The holder of BDRs will be responsible for any taxes or other governmental charges debited to his/her BDRs, or securities deposited with the CUSTODIAN. 

  

	 	4.8.4.	ITAUCOR shall be under no obligation to become involved in any lawsuit or other legal action relating to BDRs or this contract, on behalf of holders of BDRs, or
on behalf of any other party. 

  
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	4.9.	CANCELLATION OF REGISTRATION WITH CVM and BM&FBOVESPA – The CLIENT may delist and become a company no longer listed with CVM for BDR
trading, canceling its registration for listing said certificates with BM & FBOVESPA. In this case, the CLIENT or its controlling shareholders must proceed under applicable laws and regulations. 

 

	 5.	ITAUCOR OBLIGATIONS 

  

	5.1.	ITAUCOR is responsible for: 

  

	 	(a)	the correct issuance of BDRs, based on the underlying Securities that were deposited with the CUSTODIAN; 

 

	 	(b)	adopting the same standard of care they would exercise over their own assets and securities when carrying out their functions and fulfilling their duties;
adhering to the principles and professional standards of diligence, prudence and expertise of normal activity of issuance of certificates; 

  

	 	(c)	acts or omissions that are exclusively attributable to ITAUCOR and which result in impairment or extinction of the BDRs or rights inherent to them;

  

	 	(d)	facilitation of inspection at its offices, located at Rua Ururaí, 111 – Prédio II – Piso Térreo – Tatuapé – São
Paulo, SP, as well as any reports issued or made available by the CLIENT, which must necessarily be provided in Portuguese, unless otherwise required by law; 

 

	 	(e)	sending to holders of BDRs, as per written request, copies of reports and notices mentioned here above; as well as 

 

	 	(f)	simultaneous disclosure in Brazil of information related to corporate events forwarded by the CLIENT, pursuant to subsection 6.1 (a) of this contract.

  

	 	5.1.1.	ITAUCOR shall not be liable for any disclosure of information that is no longer made or valid in Brazil, if the customer has not been previously notified,
pursuant to subsection 6.1 (a) and (b) of this agreement. 

  

	5.2.	Itaucor agrees, if the CLIENT requests, to provide the CLIENT with the information available as well as other information made available by the
BM & FBOVESPA, including: 

  

	 	(a)	disclosure of the BDRs holder’s name and the gross assets, net and income tax withholding for the payment of dividends and other cash distributions, if any;

  
 9 

	 	(b)	values of the ratio of total gross, net and income tax withholding for the payment of dividends or other cash distributions, according to the tax filing
frequency required under tax legislation; 

  

	 	(c)	communication, by mail or electronic correspondence, regarding the annual period, indicating the BDR holder’s name, values of the ratio of total gross, net
and income tax withholding for the payment of dividends or other distributions in cash, and 

  

	5.3.	ITAUCOR guarantees to transfer to BM & FBOVESPA the resources that are paid by the customer, either directly or through a custodian, for the cash
distributions to which holders of BDRs registered in its custody are entitled, as well as the resources they obtain from the sale of BDR fractions in listings with BM & FBOVESPA, if applicable. 

 

	 	5.3.1.	BM & FBOVESPA shall transfer such resources to the brokers and escrow agents, which, in turn, will make payments to holders of BDRs.

  

	 	5.3.2.	the CLIENT, at its discretion, may disclose to ITAUCOR and BM & FBOVESPA, those holders of BDRs whose payment of dividends, bonuses or
other cash distributions that the CLIENT wishes to make independently. 

  

	 	5.3.3.	Under no circumstance shall ITAUCOR transfer abroad dividends or other cash distributions. 

 

	5.4.	In cases of capital increase by way of subscription of Securities of the client, ITAUCOR guarantees to make payments of dividends or interest on equity,
or grant cash rebate on a pro rata basis, provided they applied similarly to any type or class of BDR issued. 

  

	 	5.4.1.	Under no circumstance shall ITAUCOR assume debt on payments of dividends, bonuses or other cash distributions, or advance or loan funds to the CLIENT.

  

	 	5.4.2.	If, on the date set for receipt of amounts in local currency, from the closing of the exchange contract for payment of distributions mentioned above, there is no
balance available in the CLIENT’s account to cover the exchange contract, ITAUCOR shall inform BM & FBOVESPA of this fact and will not transfer resources that day, letting the CLIENT assume the resulting burden
entirely. 

  

	5.5.	It is also the obligation of ITAUCOR, during the term of this agreement, to maintain in full validity all governmental authorizations necessary for the
provision of services under this Agreement. 

  

	5.6.	ITAUCOR guarantees to provide CVM, at any time within the time period set by the latter, with any information and documentation relating to the approved BDR
program and the Securities issued. 

  
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	 6.	OBLIGATIONS OF THE CLIENT 

 6.1.
The CLIENT agrees to: 
  

	 	(a)	notify ITAUCOR regarding the date scheduled for conducting any corporate events overseas; 

 

	 	(b)	simultaneously disclose in Brazil all information being disclosed abroad; 

  

	 	(c)	refrain from issuing publications in which reference is made to ITAUCOR, or services under this Agreement without the prior knowledge by the latter, except in
relation to publications determined by the LSA and public offerings of Securities that should contain information about the provision of BDRs issuance and bookkeeping services; 

 

	 	(d)	refrain from practicing or granting powers for third parties to practice any act relating to the service contract; 

 

	 	(e)	transfer to the CUSTODIAN, according to the conditions set forth in this contract, the payment amounts per item of distributions of dividends, bonuses and other
cash distributions; 

  

	 	(f)	give notice of the contents of this contract to the entire market, including holders of BDRs and intermediaries such as brokers and escrow agents, specifically with
regard to the duties and procedures to be followed, 

  

	 	(g)	bring to the knowledge of the market, brokers and escrow agents information regarding relevant facts related to the CLIENT and deliberate corporate events abroad, and;

  

	 	(h)	protect ITAUCOR in the event of noncompliance with the provisions of subparagraphs (a) and (b) here above 

 

	 7.	COMPENSATION 

  

	7.1.	ITAUCOR shall receive the compensation indicated in Annex III, according to the provisions set forth therein. 

 

	 8.	CONFIDENTIALITY 

  

	8.1.	The parties, their officers, employees and agents shall maintain confidentiality in all respects regarding all information to which they have access as a result
of the execution of this contract. 

  

	8.2.	The following items are considered confidential for the purposes of this contract: all documents, general information, commercial or operational assessments,
analysis, interpretations or other data that have not been published lawfully and without breach of this contract, together or separately designated confidential information, concerning the parties, their clients and persons or entities with whom
they have relationships. 

  
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	8.3.	Non-Confidential information: 

  

	 	(a)	information that is within or enters the public domain without the interference of any party; 

 

	 	(b)	was known to any party or their representatives before the start of negotiations that resulted in this contract. 

 

	8.4.	The parties may only disclose any confidential information to a third party with the prior consent of the owner of the corresponding information.

  

	8.5.	If any party, as determined by a public authority or as a result of a court order, is obliged to disclose any confidential information, it must proceed as
follows: 

  

	 	(a)	immediately inform the party owning the confidential information of the order from a public authority or judge, unless this information is sealed, and,

  

	 	(b)	facilitate all information and permissions as may be necessary for the holders of confidential information, as applicable, to defend themselves against disclosure of
any confidential information. 

  

	8.6.	Confidential information may not be used for any purpose other than: 

 

	 	(a)	the normal execution of this contract; or 

  

	 	(b)	the maintenance of records and files obtained by the legislation. 

  

	8.7.	Besides constituting a breach of contract, the violation of confidentiality, including that committed by the employees, officers and representatives of a party
for any purpose, requires the infringing party to pay compensation for damage caused to the other party’s proprietary information. 

  

	8.8.	Compensation payment does not relieve the parties, their directors, officers and representatives in any capacity from continuing to uphold, as appropriate, the
duty of confidentiality, as provided herein. 

  

	8.9.	Whatever the cause of dissolution of this agreement, the parties remain bound by it, and its officers, employees and representatives, in any title, are to
respect the duty of confidentiality, even after termination hereof. Failure to do so will result in liability for compensation for the damage caused. 

  
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	 9.	ASSIGNMENT 

  

	9.1.	The assignment of rights and transfer of rights and obligations, without the consent of the other party, is prohibited under this contract, except in the case
where ITAUCOR would assign them entirely or partially to the company with which they are associated, in which regard the CLIENT should be informed with 30 (thirty) days notice. 

 

	 10.	DURATION AND TERMINATION 

  

	10.1.	This agreement shall remain in force indefinitely and may be terminated, without charge, by either party by written notice sixty (60) days in advance.

  

	10.2.	The receiving party, at its discretion, may waive compliance with the other part of the notice period. 

 

	 11.	RESOLUTION 

  

	11.1.	UNILATERAL RESOLUTION FOR BREACH OF CONTRACT – This contract may be terminated by either party upon failure on the part of the other party to
comply with obligations contained herein and, after being notified in writing, to cease those actions, within 15 (fifteen) days from receipt of said notification, take one of the steps indicated here below: 

 

	 	(a)	cease or correct the violation committed, without prejudice to compensation to the aggrieved party for the damages caused, or 

 

	 	(b)	compensate the aggrieved party for the evidenced damage caused when compliance with the compliance obligation is no longer possible or is no longer in the interest of
the aggrieved party. 

 11.2. UNILATERAL RESOLUTION BY ITAUCOR –
ITAUCOR may unilaterally cancel this contract if: 
  

	 	(a)	the Client requires from ITAUCOR the practice of an illegal operation or an action of a dubious nature in the view of rules in financial and capital markets or uses and
customs of this market; and 

  

	 	(b)	the CLIENT has declared bankruptcy or has petitioned for judicial or extrajudicial deferment of liabilities. 

11.3. UNILATERAL RESOLUTION BY THE CLIENT – The CLIENT may unilaterally cancel this contract if ITAUCOR:

  

	 	(a)	has declared bankruptcy; or 

  

	 	(b)	is being subjected to extrajudicial intervention, or 

  

	 	(c)	is being subject to liquidation or judicial or extrajudicial dissolution. 

  
 13 

 
	 12.	OBLIGATIONS RELATING TO THE DISSOLUTION OF THE CONTRACT 

  

	12.1.	In any event of dissolution of the agreement, ITAUCOR must communicate this fact to holders of BDRs, in writing, through correspondence mailed to the
addresses of their brokers or escrow agents, at least 60 (sixty) days from the date of conclusion of the contract. 

  

	12.2.	In any event of dissolution of this contract, to prevent possible damage to the CLIENT and holders of BDRs, ITAUCOR shall remain responsible for
the maintenance of records in the BDR Register and other related services for a period of twenty (20) days following the termination of the contract. 

  

	 	12.2.1.	During the aforementioned period, only the entry of records and the provision of services, which had been requested or indicated prior to the date of dissolution
of this contract, ending after that period, in the BDRs Register Book, shall be included. 

  

	12.3.	ITAUCOR guarantees to provide the CLIENT, or the financial institution designated by the latter, with all existing documents and information that it
possesses as a result of services under this Agreement. 

  

	12.4.	In case of appointment of a new depositary before the expiration of this contract or during the period referred to in subsection 12.2 above, the CLIENT
must notify ITAUCOR, that it is required, immediately after receiving this notice, to: 

  

	 	(a)	transfer to the new custodian the registry of ownership of BDRs and all rights and faculties held by ITAUCOR through possession of the depository institution;

  

	 	(b)	immediately submit to the CLIENT and to the new custodian all information and documentation obtained as a result of the services rendered;

  

	 	(d)	facilitate the transfer to the new custodian of the BDRs, accounts, registers, and other information related to the CLIENT and to the new custodian, if necessary
tasking its qualified personnel with the execution of said transfer; and 

  

	 	(d)	provide the services set forth herein until the transfer to the new custodian is made effective. 

 

	 13.	AMENDMENTS 

  

	13.1.	This contracts and the rights hereby conferred upon the holders of the BDRs may be amended without the approval of the holders of the BDRs.

  

	 	13.1.1.	ITAUCOR shall inform the holders of the BDRs of any relevant amendment in writing, addressed to each holder of BDRs at the addresses listed in the BDR registries kept
by the corresponding brokers or escrow agents. 

  
 14 

	 	13.1.2.	In the event that an amendment (i) adds or increases fees or charges (except for taxes or other governmental charges or registration tariffs, or wire
transfer costs, by SWIFT or e-mail or fax or mailing costs, or any similar expenses); or (ii) affects a significant right held by the holders of the BDRs, said amendment may only come into force 30 (thirty) days after the
date of dispatch of the notification set forth in the previous paragraph. 

  

	13.2.	At such time as an amendment comes into force, the holders of the BDRs, on maintaining possession thereof, are deemed to (i) declare their agreement with
the amendment and their conformity with the amended terms hereof, and (ii) accept the modification of the rights of the BDRs. 

 

	 14.	REPAIRING DAMAGES 

  

	14.1.	The parties are obligated to make restitution for damages caused by one party to the other party or to third parties through negligence or willful misconduct in
relation to services contracted, including damage to the image of a party arising through the violation of privileged communications or confidentiality. 

  

	14.2.	The damages described in the previous paragraph shall include expenses and damages arising through court judgments, fines, interest, and other penalties imposed
by law, regulations, or tax authorities in administrative and legal procedures, as well as corresponding legal fees. 

  

	14.3.	The party found to be at fault shall make restitution within a maximum of five (5) days from the date of dispatch of the notification, accompanied by corresponding
and evidential documentation, amounting to the cost of damages caused, including corresponding legal fees and expenses, adjusted in accordance with variation in the IGPM/FGV index or, if this index is not available, the IGP-DI/FGV or, if neither
index is available, the IPC/FIPE, from the date on which the damage occurred up until the date of payment, adding an arrears interest rate of 12% (twelve percent) per year and a penalty of 2% (two percent). 

 

	 15.	GENERAL PROVISIONS 

  

	15.1.	The CLIENT may, at its own expense, personally or by means of an audit, oversee the execution of the services set forth herein and the accounts recorded
in the BDR Accounting Registry, by prior appointment. 

  

	15.2.	Oversight of the services is subject to the obligations of confidentiality and banking privacy, as defined in applicable legislation and herein.

  
 15 

	15.3.	The CLIENT must present documentation supporting tax exemption or immunity received by holders of BDRs under certain conditions, which documentation
shall, in the event of the dissolution of this agreement, be returned to the CLIENT, in accordance with protocol, for appropriate action and filing within legally stipulated periods. 

 

	15.4.	The CLIENT must grant ITAUCOR special faculties allowing it to act in the name of the CLIENT during the time in which this contract is in force and
in compliance with instructions received, in undertaking all actions necessary for the execution of the services set forth herein. 

  

	15.5.	The CLIENT and ITAUCOR accept no responsibility for any action or omission on the part of any holder of BDRs with regard to the obligations of the holder
under Brazilian legislation or regulations relating to foreign investment in Brazil with regard to the redemption or sale of securities deposited with the CUSTODIAN, including but not limited to failure to comply with a requirement to
register investment in conformity with terms of any applicable Brazilian regulation or any failure to report foreign currency transactions to the Banco Central do Brasil, as applicable. 

 

	 	15.5.1.	Each holder of BDRs shall take responsibility for the submittal of any false information regarding foreign currency transactions to ITAUCOR, CVM, or the Banco Central
do Brasil related to deposits and redemptions of securities deposited with the CUSTODIAN. 

 

	 16.	TOLERANCE 

  

	16.1.	The tolerance by one party of a failure on the part of the other party to comply with any obligation does not imply a waiver of the right to demand compliance, or
amnesty, or the amendment of any of the terms agreed herein. 

 

	 17.	JURISDICTION 

 17.1. The
district of the Comarca de la Capital de São Paulo is chosen as the competent jurisdiction. 
 This contract is signed in
3 (three) copies. 
  

					
		 		 	
			
	/s/ Adelmo F. Lima Filho	 		 	/s/ Fernando José E. Santos
	Adelmo F. Lima Filho	 		 	Fernando José E. Santos

 São Paulo, 27th February 2012 

 
  

ITAÚ CORRETORA DE VALORES S.A. 
 Santiago de Chile, 27th February 2012 

  
 16 

 /s/ Alejandro de la Fuente 

 
 Alejandro de
la Fuente 
 LAN Airlines S.A. 
 /s/ Roberto Alvo 
  

Roberto Alvo 

LAN Airlines S.A. 
  

					
	Declaration	 		 	
	Having read this contract, we declare that we are in no
doubt regarding any of its provisions.	 		 	
	CLIENT	 		 	

 Witnesses: 
  

			
	1)	 	  

		 	Name:
		 	R.G. :

  

			
	2)	 	  

		 	Name:
		 	R.G. :

  
 17 

 ANNEX I OF THE CONTRACT FOR THE PROVISION OF SERVICES FOR THE ISSUANCE AND

 BOOKKEEPING OF BDRs 
  

	I.	DESCRIPTION OF THE SERVICES PROVIDED BY ITAUCOR 

  

	1.1.	The services provided by ITAUCOR include: 

  

	 	(a)	Issuance and cancellation of BDRs; 

  

	 	(b)	payment of dividends or other distributions of funds to holders of BDRs registered in the BDR Registry; 

 

	 	(c)	transfer of resources to BM&FBOVESPA relating to the distribution of dividends or other distribution of funds with regard to BDRs in the custody of BM&FBOVESPA,
such that it is able to distribute these funds to the corresponding brokers or escrow agents who, in turn, shall transfer the resources to the owners of the BDRs; 

 

	 	(d)	responsibility for bonuses relating to the securities that serve as backing for the BDRs and, in consequence, relating to the BDRs themselves; 

 

	 	(e)	inscription of new securities that shall serve as backing for the BDRs; 

  

	 	(f)	stock splits and reverse stock splits of securities that serve as backing for the BDRs and, in consequence, relating to the BDRs themselves; 

 

	 	(g)	alteration of the proportional relationship between the securities and the BDRs arising through corporate events or simply in adjustment to market value;

  

	 	(h)	such steps as may be necessary as a result of demergers, mergers, and fusions relating to the CLIENT, in the event of a change in the value of the securities
that serve as backing for the BDRs and, in consequence, relating to the BDRs themselves; 

  

	 	(i)	accountancy and control of the BDR Registry; 

  

	 	(j)	accompanying accounting report and other information relating to the BDRs; 

 

	 	(k)	drawing up of a list of holders of BDRs containing information required in compliance with the specifications set forth by the CVM, or the Stock Exchange, relating to
the positions of holders of BDRs; 

	 	(l)	report of yields paid in compliance with the requirements of the Tax Authority; 

 

	 	(m)	services rendered to the holders of the BDRs in supplying information and guidance; and 

 

	 	(n)	all other services falling within the remit of issuing institutions and issuers of certificates of deposit of securities, in accordance with the law or with the
regulatory framework. 

  

	II.	CUSTODIAN ACCOUNT FOR THE DEPOSIT OF BDRs PENDING CANCELLATION 

  

	2.1.	In order to cancel ITAUCOR BDRs, they should be deposited in custodian account 3558-0, client 1-5, portfolio 2101-6. 

 

	III.	ISSUANCE OF BDRs 

  

	3.1.	Issuance of BDRs by investors resident and domiciled in Brazil 

  

	3.1.1.	Any investor resident and domiciled in Brazil may, at any time, give instructions to a Brazilian broker to request of foreign broker to purchase securities overseas, in
order to serve as backing for the issuance of BDRs in Brazil, undertaking the deposition of the securities with the CUSTODIAN. 

  

	3.1.2.	In order to liquidate the purchase of securities overseas, for use as backing of BDRs, the broker or escrow agent in Brazil may undertake the exchange of national
currency for a foreign currency by means of a specific purpose exchange contract for the BDR Program, which should be undertaken presenting a brokerage note for the purpose of securities and other documentation as required other financial
institution responsible for the currency exchange operation. 

  

	3.1.2.1.	The broker or escrow agent must undertake currency exchange operations relating to the purchase of securities for the issuance of BDRs in accordance with
applicable regulations. 

  

	3.1.3.	In the physical settlement of shares abroad, the CUSTODIAN will receive the securities, which will remain on deposit at the institution indicated as backing for
the BDRs that shall be issued by ITAUCOR in Brazil. 

  

	3.1.4.	The broker or escrow agent must send instructions to the CUSTODIAN, informing the escrow agent and the client in Brazil that the BDRs must be received.

  

	3.1.5.	 At such a time as the CUSTODIAN receives the securities, fully paid for and definitively, and the instruction informing the escrow agent and the
client in Brazil that the BDRs are to be 

	 	
received, the CUSTODIAN must send ITAUCOR a SWIFT message, a pdf file letter, or a fax, requesting the issuance of the BDRs and the provision of same to
the investor by means of BM&FBOVESPA, registered in the BDR Registry. 

  

	3.1.6.	The Brazilian broker or escrow agent must (i) pay to ITAUCOR the BDR issue fee indicated in the pricing schedule (Annex III) per BDR issued,
calculated by the multiplication of the quantity of BDRs by the value of the fee, which sum should be deposited into current account No 30.549-5 at Agencia 2001, designated by ITAUCOR on the date of the request for the issuance of BDRs
(“Issue Fee”), (ii) send to ITAUCOR by letter or fax the electronic receipt or SWIFT message, informing the escrow agent of the receipt of the BDRs (“BDR Issue Instruction”), and (iii) send to ITAUCOR
a copy of the currency exchange contract created in order to pay for the securities abroad, if applicable. 

  

	3.1.7.	ITAUCOR shall issue the BDRs following (a) receipt of (i) the SWIFT message from the CUSTODIAN, naming the recipient of the BDRs,
(ii) the Issue Fee, (iii) the BDR Issue Instruction, and (iv) the copy of the currency exchange contract created in order to pay for the securities abroad, if applicable, and (b) verification that all documents are valid and
contain the information necessary for the issuance of the BDRs. 

  

	3.1.8.	ITAUCOR shall accredit the BDRs in the BDR Registry in the name of the investor or in the name of BM&FBOVESPA for those investors who wish for their BDRs to
be held in custody. ITAUCOR shall then remit the BDRs to the corresponding holder. 

  

	3.1.9.	ITAUCOR and the CUSTODIAN may require that the person or body depositing the shares submit all documents and legal instruments that they consider
necessary for the issuance of the BDRs, documentation of ownership of the corresponding securities, and of compliance with applicable legislation, including instructions addressed to ITAUCOR for the issuance of the BDRs.

  

	3.1.9.1.	No BDRs shall be issued if the holders of the securities do not comply with these requirements. 

 

	3.1.10.	Under no circumstances may BDRs be issued without the corresponding confirmation by the CUSTODIAN that the entire sum corresponding to the securities has been
deposited with the CUSTODIAN. 

  

	3.1.11.	Once the BDR has been issued, the owner may trade the BDR freely, wherever permitted. 

 3.2. Issuance of BDRs by investors resident and domiciled overseas and registered in Brazil in accordance with the terms of the resolution in force 

 3.2.1. Investors resident and domiciled overseas may, at any time, give instructions to their escrow
agent or legal representative to deposit securities overseas with the CUSTODIAN in order to serve as backing for the issuance of BDRs in Brazil, 
  

	3.2.2	In the physical settlement of the securities overseas, the CUSTODIAN will receive the securities, which shall remain on deposit at the institution indicated as
backing for the BDRs that ITAUCOR shall issue in Brazil. 

  

	3.2.3.	The escrow agent or legal representative must send instructions to the CUSTODIAN, informing the escrow agent in Brazil that the BDRs are to be received.

  

	3.2.4.	At such a time as the CUSTODIAN receives the securities, fully settled, and instructions informing the escrow agent in Brazil that the BDRs are to be received,
the CUSTODIAN must send a SWIFT message, a pdf file letter, or a fax to ITAUCOR, requesting the issuance of the BDRs and the provision of same to the investor by means of BM&FBOVESPA,

  

	3.2.5.	The Brazilian broker or escrow agent must (i) pay to ITAUCOR the BDR issue fee indicated in the pricing schedule (Annex III) per BDR issued,
calculated by the multiplication of the quantity of BDRs by the value of the fee, which sum should be deposited into current account No 30.549-5 at Agencia 2001, designated by ITAUCOR on the date of the request for the issuance of BDRs
(“Issue Fee”), (ii) send to ITAUCOR by letter or fax the electronic receipt or SWIFT message, informing the escrow agent of the receipt of the BDRs (“BDR Issue Instruction”), and (iii) send to ITAUCOR
a copy of the simultaneous exchange contract for registration at the Banco Central do Brasil, in accordance with regulations in force. 

  

	3.2.6.	ITAUCOR shall issue the BDRs following (a) receipt of (i) the SWIFT message from the CUSTODIAN, naming the recipient of the BDRs,
(ii) the Issue Fee, (iii) the BDR Issue Instruction, and (iv) the copy of the simultaneous exchange contract for registration at the Banco Central do Brasil, in accordance with regulations in force, and (b) verification that all
documents are valid and contain the information necessary for the issuance of the BDRs. 

  

	3.2.7.	ITAUCOR shall accredit the BDRs in the BDR Registry in the name of BM&FBOVESPA, and shall then remit the BDRs to the corresponding holder.

  

	3.2.8.	ITAUCOR and the CUSTODIAN may require that the person or body depositing the shares submit all documents and legal instruments that they consider
necessary for the issuance of the BDRs, documentation of ownership of the corresponding securities, and of compliance with applicable legislation, including written instructions addressed to ITAUCOR for the issuance of the BDRs.

	3.2.9.	No BDRs shall be issued if the holders of the securities do not comply with these requirements. 

 

	3.2.10.	Under no circumstances may BDRs be issued without the corresponding confirmation by the CUSTODIAN that the entire sum corresponding to the securities has been
deposited with the CUSTODIAN. 

  

	3.2.11.	Once the BDR has been issued, the owner may trade the BDR freely, wherever permitted. 

 

	3.3.	Purchase of BDRs on BM&FBOVESPA by investors resident and domiciled in Brazil 

 

	3.3.1.	Investors resident and domiciled in Brazil are empowered to purchase BDRs on BM&FBOVESPA, and to hold them in their portfolios for later disposal on
BM&FBOVESPA or disposal of the underlying securities overseas following the cancelation of the BDRs. 

  

	3.4.	Purchase of BDRs on BM&FBOVESPA by investors resident and domiciled overseas and registered in Brazil in accordance with the terms of the resolution in force

  

	3.4.1.	Nonresident investors are empowered to purchase BDRs on BM&FBOVESPA. For these purposes they must make payment for the certificates by means of (i) resources
that they already hold in Brazil (ii) the creation of an exchange contract, in accordance with regulations in force. 

  

	IV.	CANCELLATION OF BDRs 

  

	4.1.	Cancellation of BDRs by investors resident and domiciled in Brazil 

  

	4.1.1.	Investors resident and domiciled in Brazil may, at any time, give instructions to a Brazilian broker to request that a foreign broker sell the securities
overseas through the cancellation of their BDRs in Brazil. 

  

	4.1.2.	In order to cancel BDRs, the holder must instruct the Brazilian broker or escrow agent to cancel the BDRs at ITAUCOR, liberating the securities the serve as
backing overseas, permitting their disposal. 

  

	4.1.3.	 In order to cancel BDRs, the Brazilian broker or escrow agent must (i) transfer the BDRs to ITAUCOR to escrow agent 3558-0, client
1-5, portfolio 2101-6, (ii) receive information from the foreign broker for the physical settlement of the securities, (iii) send a letter, fax, electronic receipt or SWIFT message to ITAUCOR, providing information on
the overseas 

	 	
escrow for the settlement of the sale of the securities backing the BDRs (“BDR Cancellation Instruction”) and (iv) make payment to ITAUCOR of the BDR Cancellation Fee
indicated in the pricing schedule (Annex III), calculated by multiplying the number of BDRs by the value of the fee, which sum should be deposited in current account No 30.549-5, at Agencia 2001, designated by ITAUCOR on the date of the
request for the cancellation of the BDRs (“Cancellation Fee”). 

  

	4.1.4.	ITAUCOR, following (a) receipt of (i) the BDRs, (ii) the BDR Cancellation Instruction, (iii) the Cancellation Fee, and (b) verification
that all documents are valid and contain the information necessary for the transfer of the securities for the cancellation of the BDRs, must send a SWIFT message requesting the transfer of the securities and providing information on the
account to which they are to be credited, in accordance with information received from the Brazilian broker or escrow agent. 

  

	4.1.5.	The CUSTODIAN, on receiving from ITAUCOR a SWIFT message, pdf file letter, or fax shall undertake the necessary verification steps
and then transfer the securities to the holding account of the foreign broker, thus settling the sale of the securities. 

  

	4.1.6.	Following the financial settlement of the sale of the securities that serve as backing for the issuance of the BDRs overseas, the Brazilian broker or escrow
agent may undertake the exchange of foreign currency for national currency, by means of an exchange contract, which must be undertaken together with the presentation of the brokerage note for the sale of the securities and other documents that may
be required by the financial institution responsible for the currency exchange operation. 

  

	4.1.6.1.	The broker or escrow agent may undertake currency exchange operations relevant to the settlement of the BDRs in accordance with applicable legislation.

  

	4.1.7.	ITAUCOR and the CUSTODIAN may require that the person or entity holding the BDRs to be cancelled submits all documents and legal instruments that they
consider necessary for the cancellation of the BDRs, the sale of the underlying securities abroad, and compliance with applicable legislation, including written orders sent to ITAUCOR for the cancellation of the BDRs.

  

	4.1.7.1.	No BDR may be canceled if its holders do not comply with these requirements. 

 

	4.1.8.	Under no circumstances may the CUSTODIAN transfer the underlying securities without ITAUCOR having confirmed that the corresponding BDRs have been
canceled. 

	4.1.9.	In accordance with Tax Acts # 324, of January 29, 1990, and # 3708, of October 1, 1999, of the Internal Tax Service of Chile, which regulates
tax imposition on foreign securities representing shares issued by Chilean entities, the purchase value of any equity at the time of the cancellation of a BDR by its holder, with the consequent processing of security documents, shall be the highest
sale value of such securities, as registered on the Santiago Stock Exchange Market on the day that said securities, transferred by ITAUCOR to the aforementioned holder were registered in the Client’s Shareholders Book. In the event that the
securities are not traded on the Santiago Stock Exchange Market, such value will be the highest sale price as registered in the Santiago Securities Exchange Market or any other security market available in Santiago. In the event that
no sale value is registered on the day of the inscription of the transfer in the Client’s Shareholders Book, said value will be considered equivalent to the highest sale value registered in the book on the last day on which sale values were
registered; dependent, however, on the circumstance that, if said date occurred more than 30 days prior to the date of said transfer, the considered price shall be increased (or decreased) by the same percentage as the increase (or decrease)
observed during the corresponding period in the Chilean Consumer Price Index, registered by the competent Chilean Authority. Notwithstanding the aforementioned, in the event that the equities exchanged are sold by the CDR holder on a Chilean Stock
Exchange market on the same day that the transfer was registered in the Client ́s Shareholders Book, or within two Chilean working days before the day on which the sale was registered in the books, the buying price of the exchanged
equities will be the price recorded on the receipt issued by the broker that participated in the sales operation. 

  

	4.2.	Sale of BDRs on BM&FBOVESPA by investors resident and domiciled in Brazil 

 

	4.2.1.	Investors resident and domiciled in Brazil are empowered to sell BDRs on BM&FBOVESPA or to cancel them through the disposal of the underlying securities
overseas, in accordance with the stipulations of points 4.1.1 to 4.1.9 above. 

  

	4.3.	Cancellation of BDRs by investors resident and domiciled overseas and registered in Brazil, in accordance with the resolution in force 

4.3.1. Nonresident investors may request the cancelation of BDRs. For these effects, they must (i) instruct their escrow agent or legal
representative to cancel the BDRs. 
 4.3.2. The escrow agent or legal representative of the nonresident investor, on
receipt of the corresponding instruction from the respective investor, must (i) register the cancellation of the BDRs at the Banco Central do Brasil, in accordance with the transaction at hand, (ii) inform ITAUCOR
regarding this registration, attaching a copy of the document issued by the Banco Central do Brasil, (iii) transfer the BDRs to ITAUCOR, (iv) send a letter, fax, electronic receipt, or SWIFT
message to  

 
ITAUCOR, reporting the information on custody overseas for the transfer of the underlying securities that serve as backing for the issuance of the BDRs and (v) make payment to
ITAUCOR of the Cancellation Fee. 
 4.3.3. ITAUCOR, following (a) receipt of (i) a credit of the BDRs, (ii) the BDR
Cancellation Instruction, (iii) the Cancellation Fee, and (iv) the documentation from the Banco Central do Brasil, and (b) verification that all documents are valid and contain the information necessary for the transfer of the
securities for the cancellation of the BDRs, must send a SWIFT message to the CUSTODIAN requesting the transfer of the securities and providing information on the account to which they are to be credited, in accordance with information
received from the broker or escrow agent of the nonresident investor. 
 4.3.4. The CUSTODIAN, on receiving a SWIFT message
from ITAUCOR, shall undertake the necessary verification steps and transfer the securities to the holding account of the foreign broker. 

4.3.5. ITAUCOR and the CUSTODIAN may require that the person or entity holding the BDRs to be cancelled submits all documents and legal
instruments that they consider necessary for the cancellation of the BDRs, the transfer of the underlying securities overseas, and compliance with applicable legislation, including orders sent to ITAUCOR for the cancellation of the BDRs.

 4.3.5.1. No BDR may be canceled if its holders do not comply with these requirements. 

4.3.6. Under no circumstances may the CUSTODIAN transfer the underlying securities without ITAUCOR having confirmed that the
corresponding BDRs have been canceled. 
  

	4.3.7.	 In accordance with Tax Acts # 324, of January 29, 1990, and # 3708, of October 1, 1999, of the Internal Tax Service of Chile,
which regulates tax imposition on foreign securities representing shares issued by Chilean entities, the purchase value of any equity at the time of the cancellation of a BDR by its holder, with the consequent processing of security documents, shall
be the highest sale value of such securities, as registered on the Santiago Stock Exchange Market on the day that said securities, transferred by ITAUCOR to the aforementioned holder were registered in the Client’s Shareholders Book. In the
event that the securities are not traded on the Santiago Stock Exchange Market, such value will be the highest sale price as registered in the Santiago Securities Exchange Market or any other security market available in Santiago. In
the event that no sale value is registered on the day of the inscription of the transfer in the Client’s Shareholders Book, said value will be considered equivalent to the highest sale value registered in the book on the last day on which sale
values were registered; dependent, however, on the circumstance that, if said date occurred more than 30 days prior to the date of said transfer, the considered price shall be increased (or decreased) by the same percentage as the increase (or
decrease) observed 

	 	
during the corresponding period in the Chilean Consumer Price Index, registered by the competent Chilean Authority. Notwithstanding the aforementioned, in the event that the equities exchanged
are sold by the CDR holder on a Chilean Stock Exchange market on the same day that the transfer was registered in the Client’s Shareholders Book, or within two Chilean working days before the day on which the sale was registered in the
books, the buying price of the exchanged equities will be the price recorded on the receipt issued by the broker that participated in the sales operation. 

  

	4.4.	Sale of BDRs on BM&FBOVESPA by investors resident and domiciled overseas and registered in Brazil, in accordance with the resolution in force.

 4.4.1. Nonresident investors are entitled to sell BDRs on BM&FBOVESPA. For these purposes, they must receive the
resources arising from the sale and may retain said resources in Brazil for reinvestment in other assets or transfer them overseas by the creation of a currency exchange contract under the RDE [Electronic Declaratory Registration] set forth in
Resolução CMN 2.689, of the Conselho Monetário Nacional. Nonresident investors are also entitled to cancel their BDR’s as per clauses 4.3.1. to 4.3.7, above. 

 

	V.	CLIENT SERVICE OFFICES FOR HOLDERS OF BDRs 

5.1. Any client service request, with the exception of those that relate to the exercise of voting rights, may be conducted at one of the
specialized agencies listed below: 
  

					
	São Paulo (SP)	 	Rua XV de Novembro, 176 - Térreo	 	Tel. (11) 3247-3138
	Rio de Janeiro (RJ)	 	Rua Sete de Setembro, 99, subsolo, Centro	 	Tel. (21) 2202-2592
	Curitiba (PR)	 	Rua João Negrão, 65	 	Tel. (41) 3320-4128
	Porto Alegre (RS)	 	Rua Sete de Setembro, 746	 	Tel. (51) 3210-9150
	Belo Horizonte (MG)	 	Rua João Pinheiro, 195, subsolo	 	Tel. (31) 3249-3524
	Salvador (BA)	 	Av. Estados Unidos, 50, 2o andar, E. Sesq.	 	Tel. (71) 3319-8010
	Brasília (DF)	 	SC Sul Quadra 3, Ed. Dona Ângela, s/ loja	 	Tel. (61) 3316-4849

 In order to make use of voting rights, correspondence must be addressed to: 

Banco Itaú S.A. 
 At. Unidade Dedicada de
Produtos ADR/BDR 
 Rua Ururaí, 111 – Prédio II – Piso Térreo – Tatuapé – São Paulo, SP,
CEP 03084-010. 

 ITAUCOR is entitles to amend the list of client service offices by communication in writing to the
CLIENT. 
  

							
				
	/s/ Adelmo F. Lima Filho	 		 	/s/ Fernando José E. Santos	    	São Paulo, Brazil
	Adelmo F. Lima Filho	 		 	Fernando José E. Santos	    	February 27, 2012

 ITAÚ CORREDORA DE VALORES S.A. 

 

					
		 	
        /s/ Alejandro de la Fuente     
   
	    	Santiago, Chile
		 	 Alejandro de la Fuente
 LAN Airlines S.A.
	    	February 27, 2012
			
		 	
                /s/ Roberto 
Alvo                
	    	
		 	 Roberto Alvo
 LAN Airlines S.A.
	    	

					
	Declaration	 		 	
	Having read this contract, we declare that we are in no
doubt regarding any of its provisions.	 		 	
	CLIENT	 		 	

 Witnesses: 
  

			
	1)	 	  

		 	Name:
		 	R.G. :

  

			
	2)	 	  

		 	Name:
		 	R.G. :

 ANNEX II TO THE SERVICE CONTRACT FOR THE ISSUANCE AND BOOKKEEPING OF BDRs 

SAMPLE LETTER OF AUTHORIZATION FOR THE ALLOCATION OF PERSONS AUTHORIZED FOR 

COMMUNICATIONS BETWEEN THE CLIENT AND ITAUCOR 
 São Paulo, 27 th February 2012 
 To : 

LAN AIRLINES S.A. 
 Av. Presidente Riesco 5711,
piso 20. Las Condes, Santiago. Chile 
 Dear sirs 
 Taking into account the provisions of the Contract for the Provision of Services for the Issuance and Bookkeeping of BDRs, signed at (place of signing of the contract),
below we name our representatives: 
  

							
	Name: Don G. Linford	  	Signature
			
	R.G.	  	CPF.	  	Date of Birth
				
	 Address
 R.
Ururaí,111 - Tatuapé
	  	 City
 São
Paulo
	  	State
 SP
	  	CEP
 03084-010

		
	Telephone: +55 11 2797-8427	  	E-mail: don.linford@itau-unibanco.com.br

  

							
	Name: Adelmo F. Lima Filho	  	Signature
			
	R.G.	  	CPF.	  	Date of Birth
				
	 Address
 R.
Ururaí,111 - Tatuapé
	  	 City
 São
Paulo
	  	State
 SP
	  	 CEP

03084-010

		
	Telephone: +55 11 2797-3408	  	E-mail: adelmo.lima-filho@itau-unibanco.com.br

 Additionally, we inform you that this document naming our representatives replaces other such documents sent previously,
revoking the capacities granted in such documents. 
  
  

			
	ITAÚ CORRETORA DE VALORE S.A. 	  	LAN AIRLINES S.A.

 ANNEX III TO THE SERVICE CONTRACT FOR THE ISSUANCE AND BOOKKEEPING OF BDRs

 REMUNERATION 
 I. ITAUCOR shall receive a monthly fee calculated in accordance with the services effectively rendered, multiplied by the values set forth in the table below. 

II. The calculation of fees shall be undertaken in accordance with the time invested in data processing, reports, and forms submitted, payments
made, and other activities applied in service provision, in accordance with said table. 
 III. Additionally, a uniform fixed rate shall
be charged for the entry of information on holders of BDRs into to the computer system of ITAUCOR. 
 IV. Fixed fees in the table
shall be updated on an annual basis in accordance with variations in the IPC (Consumer Price Index), published by the FIPE – Fundação do Instituto de Pesquisas Econômicas – USP and, in the absence thereof, the IGPM
(Índice Geral de Preços do Mercado) published by the FGV – Fundação Getúlio Vargas. 
 V. On a
monthly basis, ITAUCOR shall draw up a listing of services rendered; a receipt must be sent to the CLIENT, and the payment must be made by the 10th (tenth) day of the month following provision of the services. 

VI. Payment shall be made on the 10th (tenth) day of each month, by credit by the CLIENT of the sum calculated by ITAUCOR through
the creation of a currency exchange contract, the value of which in the national currency must be credited at Itaú Unibanco S.A., Agency 2001, to current account number No 30.549-5. 

VII. If the CLIENT fails to make payment by the due date, it shall be considered to be in arrears, and must pay the initial sum, plus
currency adjustment according to the price indices mentioned in paragraph IV above, with a 12% (twelve percent) annual interest rate and an additional penalty fee of 2% (two percent) over the total owed. 

 PRICING SCHEDULE 
 1. Bookkeeping 
 The bookkeeping tax is charged on an annual basis paid monthly in case of
arrears, and are calculated based on the BDR number and BDR program number of the holder. 
  

			
	1.1. Monthly FEE BDR program	  	R$ 750,00

 1.2. Monthly per holder in accordance with the table below: 

 

					
	 0 – 2,000
	  	R$	0.95	  
	 2,001 - 5,000
	  	R$	0.87	  
	 5,001 - 10,000
	  	R$	0.80	  
	 10,001 - 15,000
	  	R$	0.74	  
	 15,001 - 20,000
	  	R$	0.68	  
	 20,001 - 30,000
	  	R$	0.60	  
	 30,001 - 40,000
	  	R$	0.53	  
	 40,001 - 50,000
	  	R$	0.30	  
	 > 50,000
	  	R$	0.17	  

 2. Events and movements 
 2.1. Entry Zero 
  

			
	2.2. Issuing and payments of BDR (*)	  	R$ 0.05

  

											
	 0 – 2,000,000 BDRs
	  	g	 	  	  		  	R$	0.05 per BDR	  
	 2,000,001 – 4,000,000 BDRs
	  	g	 	  	  		  	R$	0.04 per BDR	  
	 4,000,001 – 5,000,000 BDRs
	  	g	 	  	  		  	R$	0.03 per BDR	  
	 > 5,000,001 BDRs
	  	g	 	  	  		  	R$	0.02 per BDR	  

  

	(*)	The Cancelation and Issue Fees are payable by investors and governed by the table shown above, when the investor requests a number of BDRs in a single operation

  

	

			
	2.3. Stock Option Rate per BDR issued.	  	R$ 0.03

 3. Transactions - Bookkeeping 
 3.1. Dividends and other payments 
  

			
	3.1.1. Per BDR holder – Itaú Client	  	R$ 0.80

			
	3.1.2. Per BDR Holder– Other Banks	  	R$ 3.00

 3.2. Transfer / entry / modification of records / account movement, in accordance with the table below: 

 

					
	 0 – 2,000
	  	R$	0.80	  
	 2,001 - 5,000
	  	R$	0.75	  
	 5,001 - 10,000
	  	R$	0.70	  
	 10,001 - 15,000
	  	R$	0.65	  
	 15,001 - 20,000
	  	R$	0.60	  
	 20,001 - 30,000
	  	R$	0.55	  
	 30,001 - 40,000
	  	R$	0.50	  
	 40,001 - 50,000
	  	R$	0.35	  
	 > 50,000
	  	R$	0.20	  

  

			
	3.3. Bonus / split / reverse split / demerger / merger / fusion	  	R$0.65

 3.4. Inscription forms 
  

			
	3.4.1. Inscription issued per BDR holder	  	R$0.40
	3.4.2 Received and processed forms of BDR holder	  	R$1.50

 3.5. Notices 
  

			
	Arrears, AGE / AGO, Corporate Events, etc	  	R$2.45
	3.6. For participation in the AGE/AGO assembly (Proxy Voting)	  	R$650.00

 Obs.: Net (Extra costs for such services) 
 Transaction types for the charging of the transaction fee: 
 - Arrears payment: Every payment
authorized by the responsible authority is established as corporate actions, such as: arrears and tax payments on the capital of the enterprise; 

- BDR Holder transactions: Any type of account transfer, adding and updating mailing addresses; 
 - Announcements: Any kind of announcements, AGE/AGO, Corporate events, etc. 
 - Assembly
participation: Receiving votes, validation, consolidation, and processing of the votes, for presentation at the meeting with the stock holders. 

4. Additional costs: 
 - Courier costs;

 - Translation costs: Translation is to be requested in any case, within the terms of applicable
regulations; 
 - Certified copies 
 -
External legal report: Any external legal report must be requested by the CLIENT 
 - Registry of documentation with regulatory bodies

 - Audit costs: Audits should be requested from a competent body 
 - CVM Audit tax, if applicable; 
 - Expenses in central settlement and stock exchanges, such as
(CBLC, CETIP), if applicable; 
 5. Other costs 
 - Mailing 
 - Specific reports other than standard publications on our website 

All fees charged and payment thereof must be completed by the 10th of every month starting from the month after the provision of services. 

 

							
				
	/s/ Adelmo F. Lima Filho	 		 	/s/ Fernando José E. Santos	    	São Paulo,
	Adelmo F. Lima Filho	 		 	Fernando José E. Santos	    	27th February, 2012

  
  

ITAÚ CORRETORA DE VALORES S.A. 
 Santiago de Chile, 27th February 2012 
  

					
	 /s/ Alejandro de la Fuente
	 		  	 /s/ Roberto Alvo

	 Alejandro de la Fuente
 LAN Airlines S.A.
	 		  	 Roberto Alvo
 LAN Airlines S.A.

  

					
	 Declaration
	 		 	
	Having read this contract, we declare that we are in no doubt regarding any of its provisions.	 		 	
	CLIENT	 		 	

 Witnesses: 
  

			
	 1)
	 	  

		 	Name:
		 	R.G. :
		
	 2)
	 	  

		 	Name:
		 	R.G. :

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