Document:

Amyris Q2-2012 10-Q Ex 10.09 Richardson James Offer Letter - December 21, 2010

James Young Richardson
500 Las Lomas Way
Walnut Creek, CA 94598

December 21, 2010

Re: Offer of Employment with Amyris Inc.

Dear Jim:

On behalf of Amyris Inc. ("Amyris"), I am delighted to offer to you employment with Amyris. If you accept this offer and satisfy the conditions of acceptance set forth herein, your employment with Amyris will commence on January 31, 2011 or a mutually agreeable date, under the following terms:

1. Position
You will be employed full-time by Amyris as Senior Vice President, Vertical Markets and Sales Operations, reporting to me, Chief Executive Officer. You will be a member of the Operating Committee and Executive Committee of Amyris.

2. Salary
Your base salary will be $325,000 per year ($27,083.33 per month) payable in accordance with Amyris' regular payroll schedule, which is currently semi-monthly. Your salary will be subject to adjustment from time to time pursuant to Amyris' employee compensation policies then in effect.

3. Bonus
You will be eligible for a performance based bonus. Subject to the approval of the Board, your annual bonus target will be a total of $200,000 paid out as $120,000 in cash compensation plus $80,000 in Amyris Inc. stock value. Stock value will be provided in either Amyris Inc. stock options or Restricted Share Units of Amyris Inc. stock as determined by Amyris executive compensation plan established by the Amyris Board of Directors' Compensation Committee. Such bonus will be payable provided that (i) you achieve certain mutually agreed performance objectives which shall be established during the first month of your employment with Amyris, (ii) you arc still employed by Amyris at year-end and when the bonus is paid out. Such bonus shall be paid no later than March 15 of the year following the year in which the bonus is earned.

4. Signing Bonus
You will also receive a one-time signing bonus in the amount of $140,000 in two installments. The first payment of $100,000 will be payable at the time you receive your first regular pay check. The additional $40,000 will be paid when you complete your relocation from the Houston, Texas area to the San Francisco Bay Area. This entire amount will be repayable by you to Amyris in full in the event you voluntarily terminate your employment prior to the completion of one (1) year of service with Amyris.

5. Equity
Amyris will recommend to its Board of Directors that you be granted an option to purchase 225,000 shares of common stock of Amyris at the fair market value of the common stock on the date of Board approval. Such shares would vest as follows: (i) twenty percent (20%) upon completion of your twelfth (12th) month of employment, and (ii) the balance in a series of forty-eight (48) equal monthly installments upon completion of each additional month or employment with Amyris thereafter. Any option(s) granted to you will be subject to the then-current terms and conditions of Amyris' employee stock option plan and agreement.

6. Benefits
You will be eligible to participate in the employee benefits and benefit plans that are available to full-time employees of Amyris. Currently, these include (i) 12 paid holidays per year, (ii) 5 weeks of paid vacation pro year (pro-rated by hiring date), (iii) up to 6 days of paid sick leave per year (pro-rated by hiring date), (iv) medical insurance, (v) dental insurance, (vi) supplemental health and flexible spending accounts, (vii) group term life insurance, (viii) accidental death & disability insurance, (ix) long-term disability insurance, and (x) 401K plan. You will also be eligible to receive paid access to gym facilities. The terms of your benefits will be governed by the applicable plan documents and Amyris' policies. Enclosed is an Employee Benefit Overview.

7. Termination of Employment
If you resign your employment with Amyris or if Amyris terminates your employment tor Cause (as defined below) at any time, you will receive your base salary as well as any accrued but unused vacation (if applicable) earned through the effective resignation or termination date and no additional compensation. If Amyris terminates your employment for any reason other than Cause, it will give you written notice of termination, any base salary and accrued but unused vacation that is earned through the effective termination date and, conditioned on your (i) signing and not revoking a release of any and all claims, in a form prescribed by Amyris, and (ii) returning to Amyris all of its property and confidential information that is in your possession, you will receive the following:

(A) Continuation of your base salary for twelve (12) months beyond the effective termination date, payable in accordance with the regular payroll practices of Amyris, provided that these payments will be terminated as of the date you commence employment with another employer or engage or participate in any consulting or advisory arrangement or any other arrangement that involves any form of remuneration, including remuneration for services performed by you as an officer, director, employee, representative or agent of, or in any other capacity for, any other person or entity (each, an "Engagement");

(B) If you elect to continue your health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA") following the termination of your employment, then Amyris shall pay your monthly premium under COBRA until the earlier of (x) twelve (12) months following the effective termination date, or (y) the date upon which you commence employment with an entity other than Amyris or any other Engagement; and

(C) If your employment is terminated by Amyris for any reason other than for Cause within your first year of employment, a portion of your option granted under Section 5 above will vest as follows: the number of shares that shall vest shall be equal to the number obtained by multiplying the number of shares of common stock subject to the option granted pursuant to Section 5 by a fraction, the numerator of which shall be the number of complete months you have been employed by Amyris up to the date of termination and the denominator of which shall be 60. 

You will notify Amyris in writing within five (5) days of your receipt of an offer of employment with any entity other than Amyris or for any other type of Engagement, and will accordingly identify the date upon which you will commence such employment or Engagement in such writing. These salary and benefits continuance benefits are intended to be provided to you as you actively seek future employment or another Engagement, and therefore, as noted, will cease once you have secured such employment or Engagement.1 

For all purposes under this Agreement, a termination for "Cause" shall mean a determination that your employment be terminated for any of the following reasons: (i) failure or refusal to comply in any material respect with lawful policies, standards or regulations of Amyris, (ii) a violation of a federal or state law or regulation applicable to the business of Amyris, (iii) conviction or plea of no contest to a felony or to a misdemeanor involving moral turpitude under the laws of the United States or any State, (iv) fraud or misappropriation of property belonging to Amyris or its affiliates, (v) non-performance, non-compliance or interference with any third party's performance of the terms of any confidentiality, invention assignment or proprietary information agreement with Amyris or with a former employer, (vi) your failure to satisfactorily perform your duties as assigned from time to time by Amyris after having received written notice of such failure and at least thirty (30) days to cure such failure, or (vii) your misconduct or gross negligence in connection with the performance of your duties.

8. Change of Control
If, during your employment with Amyris, there is a Change of Control event (as defined below), and Amyris terminates your employment without Cause or you are Constructively Terminated (as defined below) within six (6) months of that event, then you will be eligible to receive the benefits provided in Section 8, as well as immediate accelerated vesting of fifty percent (50%) of any of the unvested shares under your outstanding options as of the date of termination, conditioned on your complying with the requirements of Section 7 above.

_________________________
1 Depending on the size of the option grant and the value of the shares at termination, the severance payments may become subject to IRC Section 280G.

"Change of Control" shall mean (i) a merger, reorganization, consolidation or other transaction (or series of related transactions of such nature) pursuant to which more than fifty percent (50%) of the voting power of all outstanding equity securities of Amyris is transferred by the holders of Amyris's outstanding shares (excluding a reincorporation to effect a change in domicile), (ii) a sale of all or substantially all of the assets of Amyris, or (iii) any other transaction or series of related transactions, in which Amyris' stockholders immediately prior to such transaction or transactions own immediately after such transaction less than fifty (50%) of the voting equity securities of the surviving corporation or its parent.

"Constructive Termination" shall mean a resignation of your employment within thirty (30) days of the occurrence of any of the following events which occurs within six (6) months following a Change of Control: (i) a material reduction in your responsibilities, (ii) a material reduction in your base salary, unless such reduction in your base salary is comparable in percentage to, and is part of, a reduction in the base salary of all or substantially all executive officers of Amyris, or (iii) a relocation of your principal office to a location more than fifty (50) miles from the location of your principal office immediately preceding a Change of Control.

9. Amyris' Policies
As an employee of Amyris, you will be subject to, and expected to comply with its policies and procedures, personnel and otherwise, as such policies are developed and communicated to you.

10. "At-Will" Employment
Employment with Amyris is "at-will". This means that it is not for any specified period of time and can be terminated by you or by Amyris at any time, with or without advance notice, and for any or no particular reason or cause. It also means that your job duties, title and responsibility and reporting level, compensation and benefits as well as Amyris' personnel policies and procedures, may be changed at any time in the sole discretion of Amyris. However, the "at-will" nature of your employment shall remain unchanged during your tenure as an employee of Amyris and may not be changed, except in an express writing signed by you and by Amyris' Chief Executive Officer.

11. Full-Time Service to Amyris
Amyris requires that, as a full-time employee, you devote your full business time, attention, skills and efforts to the tasks and duties of your position as assigned by Amyris. If you wish to request consent to provide services (for any or no form of compensation) to any other person or business entity while employed by Amyris, you must first receive permission from the Chief Executive Officer of Amyris.

12. Conditions of Offer
In order to accept this offer, and for your acceptance to be effective, you must satisfy the following conditions:

		
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	You must provide satisfactory documentary proof of your identity and right to work in the United States of America on your first day of employment.

		
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	You must agree in writing to the terms of the enclosed Proprietary Information and Inventions Agreement ("PIIA") without modification.

		
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	Yon must consent to, and Amyris must obtain satisfactory results from, reference and background checks. Until you have been informed in writing by Amyris that such checks have been completed and the results satisfactory, you may wish to defer reliance on this offer.

		
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	You must agree in writing to the terms of the enclosed Mutual Agreement to Binding Arbitration ("Arbitration Agreement") without modification.

By signing and accepting this offer, you represent and warrant that: (i) you are not subject to any pre-existing contractual or other legal obligation with any person or entity that may be an impediment to your employment with, or your providing services to, Amyris as its employee; and (ii) you have not and shall not bring onto Amyris' premises, or use in the course of your employment with Amyris, any confidential or proprietary information of another person or entity to whom you previously provided services.

13. Entire Agreement
Provided that the conditions of this offer and your acceptance are satisfied, this letter together with the enclosed PIIA and Arbitration Agreement (collectively, the "Offer Documents") shall constitute the full and complete agreement between you and Amyris regarding the terms and conditions of your employment. The Offer Documents cancel, supersede and replace any and all prior negotiations, representations or agreements, written and oral, between you and Amyris or any representative or agent of Amyris regarding any aspect of your employment. Any change to the terms of your employment with Amyris, as set forth in this letter, must be in an individualized writing to you, signed by the Chief Executive Officer of Amyris to be effective.

Please confirm your acceptance of this offer by signing and returning the enclosed copy of this letter as well as the PIIA and Arbitration Agreement to me by December 31, 2010. If not accepted by you as of that date, this offer will expire. We look forward to having you join Amyris. If you have any questions, please do not hesitate to contact me at (510) 740-7440.

Sincerely,
/s/ John G. Melo
John G. Melo
Chief Executive Officer

I HAVE READ AND ACCEPT THIS EMPLOYMENT OFFER:

/s/ James Young Richardson            22nd December, 2010
James Young Richardson            Date

EnclosuresAmyris Q2-2012 10-Q Ex 10.10 Diniz Paulo Offer Letter - February 11, 2011

Paulo Diniz
Rua Visconde de Nacar 150/2nd floor
05685-010 Sao Paulo, SP, Brazil

February 11, 2011

Re: Offer of Employment with Amyris Brasil.

Dear Paulo:

On behalf of Amyris, Inc. ("Amyris US"), I am delighted to offer to you employment with Amyris, Brasil ("Amyris Brasil"). If you accept this offer and satisfy the conditions of acceptance set forth herein, your employment with Amyris Brasil will commence on March 1, 2011 or a mutually agreeable date, under the following terms:

1. Position
You will be employed full-time as Chief Executive Officer, Amyris Brasil reporting to me, Chief
Executive Officer, Amyris US.

2. Salary
Your base salary will be USD$ 400,000.00 per year (USD$ 33,333.33 per month) payable in accordance with Amyris Brasil's regular payroll schedule. Your salary will be subject to adjustment from time to time pursuant to Amyris Brasil's employee compensation policies then in effect.

3. Bonus
You will be eligible for a performance based bonus. Subject to the approval of the Board, your annual bonus target will be a total of USD$ 200,000.00. Such bonus will be payable provided that (i) you achieve certain mutually agreed performance objectives which shall be established during the first month of your employment with Amyris Brasil, (ii) you are still employed by Amyris Brasil at year-end and when the bonus is paid out. Such bonus shall be paid no later than March 15 of the year following the year in which the bonus is earned. For the calendar year 2011, the full bonus will be paid to you no later than March 15, 2012.

4. Signing Bonus
You will also receive a one-time signing bonus in the amount of USD$ 100,000.00. This entire amount will be repayable by you to Amyris Brasil in full in the event you voluntarily terminate your employment prior to the completion of one (1) year of service with Amyris Brasil.

5. Equity
Amyris US will recommend to its Board of Directors that you be granted an option to purchase 250,000 shares of common stock of Amyris US at the fair market value of the common stock on the date of Board approval. Such shares would vest as follows: (i) twenty percent (20%) upon completion of your twelfth (12th) month of employment, and (ii) the balance in a series of forty-eight (48) equal monthly installments upon completion of each additional month of employment with Amyris Brasil thereafter. Any option(s) granted to you will be subject to the then-current terms and conditions of Amyris US's employee stock option plan and agreement.

In addition, you will receive 40,000 Restricted Share Units (RSUs) of Amyris US stock. Such shares would vest with the same schedule as your option grant mentioned above. Any RSUs granted to you will be subject to the then-current terms and conditions of Amyris US employee stock plan and agreement.

6. Benefits
You will be eligible to participate in the employee benefits and benefit plans that are available to full-time employees of Amyris Brasil. In addition, you will receive the following benefits:

		
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	Car: Amyris Brasil will acquire your current vehicle at a predetermined fair market value

		
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	Car Fuel: Provided by Amyris Brasil under standard plan to Amyris Brasil executives

		
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	Medical Plan: Standard plan provided to Amyris Brasil executives

		
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	Dental Care Program: Standard plan provided to Amyris Brasil executives

		
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	Pharmacy and Drugstore: Standard plan provided to Amyris Brasil executives

		
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	Life Insurance: Standard plan provided to Amyris Brasil executives

		
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	Cellular Phone: Standard plan provided to Amyris Brasil executives.

7. Termination of Employment
If you resign your employment with Amyris Brasil or if Amyris Brasil terminates your employment for Cause (as defined below) at any time, you will receive your base salary as well as any accrued but unused vacation (if applicable) earned through the effective resignation or termination date and no additional compensation. If Amyris Brasil terminates your employment for any reason other than Cause, it will give you written notice of termination, any base salary and accrued but unused vacation that is earned through the effective termination date and, conditioned on your (i) signing and not revoking a release of any and all claims, in a form prescribed by Amyris Brasil, and (ii) returning to Amyris Brasil all of its property and confidential information that is in your possession, you will receive the following:

(A) Continuation of your base salary for twelve (12) months beyond the effective termination date, payable in accordance with the regular payroll practices of Amyris Brasil, provided that these payments will be terminated as of the date you commence employment with another employer or engage or participate in any consulting or advisory arrangement or any other arrangement that involves any form of remuneration, including remuneration for services performed by you as an officer, director, employee, representative or agent of, or in any other capacity for, any other person or entity (each, an "Engagement");

(B) If you elect to continue your health insurance coverage following the termination of your employment, then Amyris Brasil shall pay your monthly premium until the earlier of (x) twelve (12) months following the effective termination date, or (y) the date upon which you commence employment with an entity other than Amyris Brasil or any other Engagement; and 

(C) If your employment is terminated by Amyris Brasil for any reason other than for Cause within your first year of employment, a portion of your option granted under Section 5 above will vest as follows: the number of shares that shall vest shall be equal to the number obtained by multiplying the number of shares of common stock subject to the option granted pursuant to Section 5 by a fraction, the numerator of which shall be the number of complete months you have been employed by Amyris Brasil up to the date of termination and the denominator of which shall be 60.

You will notify Amyris Brasil in writing within five (5) days of your receipt of an offer of employment with any entity other than Amyris Brasil or Amyris US or for any other type of Engagement, and will accordingly identify the date upon which you will commence such employment or Engagement in such writing. These salary and benefits continuance benefits are intended to be provided to you as you actively seek future employment or another Engagement, and therefore, as noted, will cease once you have secured such employment or Engagement.1 

For all purposes under this Agreement, a termination for "Cause" shall mean a determination that your employment be terminated for any of the following reasons: (i) failure or refusal to comply in any material respect with lawful policies, standards or regulations of Amyris Brasil, (ii) a violation of a federal or state law or regulation applicable to the business of Amyris Brasil, (iii) conviction or plea of no contest to a felony or to a misdemeanor involving moral turpitude under the laws of the Brazil, the United Sates or any State, (iv) fraud or misappropriation of property belonging to Amyris Brasil or its affiliates, (v) non-performance, non-compliance or interference with any third party's performance of the terms of any confidentiality, invention assignment or proprietary information agreement with Amyris Brasil or with a former employer, (vi) your failure to satisfactorily perform your duties as assigned from time to time by Amyris Brasil after having received written notice of such failure and at least thirty (30) days to cure such failure, or (vii) your misconduct or gross negligence in connection with the performance of your duties.

8. Change of Control
If, during your employment with Amyris Brasil, there is a Change of Control event (as defined below), and Amyris Brasil terminates your employment without Cause or you are Constructively Terminated (as defined below) within six (6) months of that event, then you will be eligible to receive the benefits provided in Section 7, as well as immediate accelerated vesting of fifty percent (50%) of any of the unvested shares under your outstanding options as of the date of termination, conditioned on your complying with the requirements of Section 7 above.

"Change of Control" shall mean (i) a merger, reorganization, consolidation or other transaction

____________________________________

1 Depending on the size of the option grant and the value of the shares at termination, the severance payments may become subject to IRC Section 280G.

(or series of related transactions of such nature) pursuant to which more than fifty percent (50%) of the voting power of all outstanding equity securities of Amyris US is transferred by the holders of Amyris US's outstanding shares (excluding a reincorporation to effect a change in domicile), (ii) a sale of all or substantially all of the assets of Amyris US, or (iii) any other transaction or series of related transactions, in which Amyris US's stockholders immediately prior to such transaction or transactions own immediately after such transaction less than fifty (50%) of the voting equity securities of the surviving corporation or its parent.

"Constructive Termination" shall mean a resignation of your employment within thirty (30) days of the occurrence of any of the following events which occurs within six (6) months following a Change of Control: (i) a material reduction in your responsibilities, (ii) a material reduction in your base salary, unless such reduction in your base salary is comparable in percentage to, and is part of, a reduction in the base salary of all or substantially all executive officers of Amyris Brasil, or (iii) a relocation of your principal office to a location more than fifty (50) miles from the location of your principal office immediately preceding a Change of Control.

9. Amyris Brasil's Policies
As an employee of Amyris Brasil, you will be subject to, and expected to comply with its policies and procedures, personnel and otherwise, as such policies are developed and communicated to you.

10. "At-Will" Employment
Employment with Amyris Brasil is "at-will". This means that it is not for any specified period of time and can be terminated by you or by Amyris Brasil at any time, with or without advance notice, and for any or no particular reason or cause. It also means that your job duties, title and responsibility and reporting level, compensation and benefits, as well as Amyris Brasil's personnel policies and procedures, may be changed at any time in the sole discretion of Amyris Brasil. However, the "at-will" nature of your employment shall remain unchanged during your tenure as an employee of Amyris Brasil and may not be changed, except in an express writing signed by you and by Amyris US's Chief Executive Officer.

11. Full-Time Service to Amyris Brasil
Amyris Brasil requires that, as a full-time employee, you devote your full business time, attention, skills and efforts to the tasks and duties of your position as assigned by Amyris Brasil. If you wish to request consent to provide services (for any or no form of compensation) to any other person or business entity while employed by Amyris Brasil, you must first receive permission from the Chief Executive Officer of Amyris US.

12. Conditions of Offer
In order to accept this offer, and for your acceptance to be effective, you must satisfy the following conditions:

		
	•
	You must provide satisfactory documentary proof of your identity and right to work in Brazil on your first day of employment.

		
	•
	You must agree in writing to the terms of the enclosed Proprietary Information and Inventions Agreement ("PIIA") without modification.

By signing and accepting this offer, you represent and warrant that: (i) you are not subject to any pre-existing contractual or other legal obligation with any person or entity that may be an impediment to your employment with, or your providing services to, Amyris Brasil as its employee; and (ii) you have not and shall not bring onto Amyris Brasil's premises, or use in the course of your employment with Amyris Brasil, any confidential or proprietary information of another person or entity to whom you previously provided services.

13. Entire Agreement
Provided that the conditions of this offer and your acceptance are satisfied, this letter together with the enclosed PIIA and Arbitration Agreement (collectively, the "Offer Documents") shall constitute the full and complete agreement between you and Amyris Brasil regarding the terms and conditions of your employment. The Offer Documents cancel, supersede and replace any and all prior negotiations, representations or agreements, written and oral, between you and Amyris Brasil or any representative or agent of Amyris Brasil regarding any aspect of your employment. Any change to the terms of your employment with Amyris Brasil, as set forth in this letter, must be in an individualized writing to you, signed by the Chief Executive Officer of Amyris US to be effective.

Please confirm your acceptance of this offer by signing and returning the enclosed copy of this letter as well as the PIIA and Arbitration Agreement to me by February 25, 2011. If not accepted by you as of that date, this offer will expire. We look forward to having you join Amyris Brasil. If you have any questions, please do not hesitate to contact me at (510) 740-7440.

Sincerely,

/s/ John G. Melo    
John G. Melo
Chief Executive Officer
Amyris US

I HAVE READ AND ACCEPT THIS EMPLOYMENT OFFER:

/s/ Paulo Diniz                    February 16, 2011    
Paulo Diniz                    Date

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