SECOND AMENDMENT TO THE RESTATED LIMITED LIABILITY COMPANY AGREEMENT ENTERED INTO BETWEEN SINOVEN BIOPOLYMERS INC., NATUREWORKS LLC, AMBERWORKS LLC AND BIOAMBER INC. AS OF FEBRUARY 15, 2012
Exhibit 10.61
SECOND AMENDMENT TO THE RESTATED LIMITED LIABILITY COMPANY AGREEMENT ENTERED INTO BETWEEN SINOVEN BIOPOLYMERS INC., NATUREWORKS LLC, AMBERWORKS LLC AND BIOAMBER INC. AS OF FEBRUARY 15, 2012
This Second Amendment Agreement is made as of November 5, 2012, between Sinoven Biopolymers Inc. (“Sinoven”), NatureWorks LLC (“NatureWorks”), AmberWorks LLC (“AmberWorks”) and BioAmber Inc. (“BioAmber”).
WHEREAS Sinoven, NatureWorks, AmberWorks and BioAmber have entered into a Restated Limited Liability Company Agreement as of February 15, 2012, as amended (the “Agreement”);
WHEREAS the parties agree to amend the Agreement as set forth herein.
THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS:
1. | The Agreement is modified in the following manner, the provisions of the Agreement not modified herein shall continue to be in force as stated in the Agreement: |
1.1. | Schedule 11.2(b) is modified as follows: |
“The Umbrella/Excess Liability insurance to be maintained by AmberWorks shall be of a limit of $5 million per occurrence and in aggregate, instead of $10 million.”
IN WITNESS WHEREOF, THE PARTIES HERETO HAVE SIGNED THIS AGREEMENT AS OF THE DATE FIRST WRITTEN ABOVE.
SINOVEN BIOPOLYMERS INC. | NATUREWORKS LLC | |||||||||
By: | /s/ Xxxx-Xxxxxxxx Huc |
By: | /s/ Xxxx Xxxxxxxxxx | |||||||
Xxxx-Xxxxxxxx Huc, Director | Xxxx Xxxxxxxxxx, President & CEO | |||||||||
AMBERWORKS LLC | ||||||||||
By: | /s/ Xxxx Xxxxxxxxxx | |||||||||
Xxxx Xxxxxxxxxx, duly authorized by the Board | ||||||||||
By: | /s/ Xxxx-Xxxxxxxx Xxx | |||||||||
Xxxx-Xxxxxxxx Huc, duly authorized by the Board | ||||||||||
BIOAMBER INC. | ||||||||||
By: | /s/ Xxxx-Xxxxxxxx Huc | |||||||||
Name: | Xxxx-Xxxxxxxx Huc | |||||||||
Title: | President & CEO |
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