EX-10.8





 Exhibit 10.8 

August 1, 2019 
 Private & Confidential

 By Electronic Mail 
 Dr. Carl Hansen 

Dear Carl: 
 Re: Employment Agreement 

I am pleased to offer you a full-time position as Chief Executive Officer at AbCellera Biologics Inc. (the “Company”). This letter agreement
contains the complete terms and conditions of your employment with the Company (the “Agreement”). 
 The terms of this agreement will take
effect on September 1, 2019 (the “Effective Date”), and will continue until terminated in accordance with the provisions of this Agreement. The Company will continue to recognize your original start date (the “Start
Date”) with the Company in connection with determining any rights and benefits related to length of service. Please review the terms of this Agreement carefully. If you wish to accept these terms of employment, please sign and return a copy
of this agreement to Veronique Lecault at             . 
 In consideration for the compensation
provided under this Agreement and other good and valuable consideration, you agree as follows: 
  

	1.	 Employment 



The terms of your employment will be as follows: 
  

	 	(a)	 Position and Responsibilities: You will be employed by the Company in the position of Chief Executive
Officer, reporting to the Board. You will perform or fulfill all duties and responsibilities of your position, subject to applicable laws, and the duties and responsibilities that the Company may reasonably assign to you from time to time. You will
at all times conform to the reasonable and lawful instructions and directions of the Board. You will adhere to all applicable policies of the Company as established and amended from time to time. 



 

	 	(b)	 Duties: During your employment you will devote the whole of your time, attention and abilities to your
duties, which you agree to carry out faithfully, honestly, diligently and to the best of your ability. You agree to give the Company the full benefit of your knowledge, expertise, skill and ingenuity, and exercise the degree of care, diligence and
skill that a prudent professional would exercise in comparable circumstances. You may not engage in other work or business activities without the Company’s prior written consent. The Company hereby consents to the work and business activities
set out in Schedule A. 















	 	(c)	 Base Compensation: You will earn a base salary in the amount of CAD $300,000 per annum, less statutory
and other required deductions for all work and services you perform for the Company, paid to you bi-monthly in 24 equal payments, in arrears (the “Base Salary”). Your base salary compensation will be reviewed periodically by the
Company compensation committee elected by the Board (the “Compensation Committee”), which shall determine and recommend any adjustments to your annual base salary compensation. 



 

	 	(d)	 Vacation Entitlement: You will continue to be eligible to earn up to five (5) weeks’
paid vacation per annum, pro-rated for any partial year of employment. Your vacation must be taken at a time or times acceptable to the Company and in accordance with the Company’s vacation policy in effect from time to time. It is your
responsibility to schedule and take your vacation at a time or times acceptable to the Company and in accordance with the Company’s vacation policy in effect from time to time. 



 

	 	(e)	 Benefits: You will be eligible to participate in applicable employee benefits plans such as the Company
offers its Canadian-based employees from time to time (the “Employee Benefits”) The Company reserves the right to amend, eliminate, substitute or otherwise change the Employee Benefits at its sole discretion, at any time and without
notice, including but not limited to changes to cost sharing, premium amounts, terms of benefits and deductibles. Details of the Employee Benefits will be provided to you once in place and, thereafter, when changes are made to the Employee Benefits.



  

	 	(f)	 Incentive Program: You will continue to be eligible to participate in the Company’s Annual Employee
Incentive Program. The incentive target for your position is 30% of Base Salary based on the Compensation Committee’s assessment of your performance and achievement of annual goals that have been approved by the Board. 



 

	 	(g)	 Stock Options: You may be eligible to earn stock options pursuant to the Company’s Incentive Stock
Option Plan as amended from time to time (the “Plan”) subject to the discretion of the Board and the terms of grant (the “Option”). The Option is granted under the terms of the Plan. Your Stock Option compensation will be
reviewed by the Compensation Committee annually. The Compensation Committee shall evaluate your performance and, based on such evaluation, may determine and recommend the granting of Stock Options. 



 

	 	(h)	 Signing Bonus: You will receive a one-time signing bonus of one pair of Air Jordan basketball shoes
which shall be used on a regular basis to maintain your physical vigor and for one-on-one battles with the CFO. You will also receive a one-time signing bonus of CAD
$5,392.02. 















	 	(i)	 Business Expenses: The Company will reimburse you for all authorized travelling and out-of-pocket
expenses actually, exclusively and necessarily incurred by you in connection with your duties under this Agreement, provided that you first furnish statements with accompanying receipts or vouchers for all such expenses to the Company and otherwise
comply with the Company’s expense policies as in effect from time to time. 


  

	 	(j)	 Travel: You will be expected to travel frequently, as business needs require, in the course of
performing your duties. 


  

	 	(k)	 Offer of Comparable Employment by Affiliate: You agree that if an Affiliated Company offers you
comparable employment on terms substantially similar to the terms of this Agreement, you will accept such offer and take up employment with the Affiliate of the Company. You will receive equal credit for your length of service with the Company and
all probation and benefit-qualifying periods will be waived where in the Affiliate Company’s power to do so. 


  

	2.	 Obligations of Employment 



In addition to your employment obligations at common law, you covenant and agree as follows: 

 

	 	(a)	 Loyalty to the Company: Throughout your employment you will well and faithfully serve the Company and
use your best efforts to promote the Business of the Company. You will act honestly and in good faith, and in the best interests of the Company. 


  

	 	(b)	 Business of the Company: You will not, during your employment with the Company, engage in any business,
enterprise or activity that is contrary to or detracts from the due performance of the Business of the Company. You will not engage in any other employment without the written consent of the Company. 



 

	 	(c)	 No Personal Benefit: You will not receive or accept for your own benefit or for any other Person’s
benefit, either directly or indirectly, any commission, rebate, discount, gratuity or profit from any Person having or proposing to have one or more business transactions with the Company, without the prior approval of the Company. You will comply
with the Company’s Code of Ethics and Conduct policies as in effect from time to time. 


  

	 	(d)	 Business Opportunities: During your employment you will communicate and channel to the Company all
knowledge, business and customer contacts and any other information that could concern or be in any way beneficial to the Business of the Company. Any such information communicated to the Company as aforesaid will be and remain the property of the
Company notwithstanding any subsequent termination of your employment. 


  

	 	(e)	 Return of Company Property: Upon termination of your employment, or at any time upon request, you will
promptly return to the Company all Company property including all written information, tapes, discs or memory devices and copies thereof, and any other material on any medium in your possession or control pertaining to the Business of the Company,
without retaining any copies or records of any Confidential Information whatsoever. You will also return any keys, pass cards, identification cards, equipment or other property belonging to the Company or the Company’s customers.
















	 	(f)	 Pre-existing Obligations: You are hereby requested and directed
by the Company to comply with any existing common law, contractual or statutory obligations to your former employer and to any other Person. The Company is not employing you to obtain the confidential information or business opportunities of your
former employer or any other Person. 


  

	 	(g)	 Policies and Procedures: You are required to comply with the Company’s policies and procedures as
established and amended from time to time; however such policies and procedures do not form contractual terms and may be amended without notice. You are required to comply with all lawful directions of the Company, and follow all workplace policies
and procedures and with the Company’s rules, regulations, policies, practices, and procedures, as amended from time to time. The Company’s policy and procedures manuals are available through Human Resources and on the Company’s
network. It is your responsibility to familiarize yourself with the Company’s policies and procedures. 


  

	 	(h)	 Use of Company Resources: The Company’s equipment, tools and communication devices are for business
purposes only. The Company may, at any time and without further notice or consent, access, monitor and review you usage of Company information and resources, including without limitation, computers, computer software, electronic mail (including
web-based email or electronic communications applications or services), instant messaging, on-line services (including the Internet), voice mail, facsimile machines, telephones and photocopiers and any of the
contents of any of the foregoing. Accordingly, you should have no expectation of privacy in connection with the use of Company resources, and your use of any of the foregoing Company resources will be regarded as your waiver to any right to privacy
in such use and your express consent to your use of resources being monitored, accessed by and reviewed by the Company. 


  

	 	(i)	 Legal Obligations Concerning Privacy: You agree that you will not collect, use or disclose the personal
information of any employees, contractors or customers of the Company other than as authorized in the course of your duties. You agree that you will adhere to and comply with all Company policies and laws governing the protection of personal
information. 


  

	 	(j)	 No Use of Unauthorized Software: You agree that you will not download any unauthorized software onto any
Company device, nor knowingly make use of any unauthorized software in the performance of your duties. 















	3.	 Confidential Information 



 

	 	(a)	 Non-Disclosure of Confidential Information: At all times during
your employment and subsequent to the termination of your employment with the Company, you will keep the Confidential Information in strictest confidence and trust. You will take all necessary precautions against unauthorized disclosure of the
Confidential Information, and you will not directly or indirectly disclose, allow access to, transmit or transfer the Confidential Information to a third party, nor will you copy or reproduce the Confidential Information except as may be reasonably
required for you to perform your duties for the Company. 


  

	 	(b)	 You represent and warrant that, in performing your duties under this Agreement, you will not disclose or use
the confidential information of any other person or business in violation of the Company’s contractual or legal obligations to that other person or business. 



 

	 	(c)	 You agree to indemnify the Company for any costs, fees, expenses, damages or penalties imposed upon the Company
with respect to your unauthorized disclosure or misuse of such confidential information. 


  

	 	(d)	 Restricted Use of Confidential Information: 



 

	 	(i)	 At all times during and subsequent to the termination of your employment with the Company, you will not use the
Confidential Information in any manner except as reasonably required for you to perform your duties for the Company. 


  

	 	(ii)	 Without limiting your obligations under subsection 3(a), you agree that at all times during and subsequent to
the termination of your employment with the Company, you will not use or take advantage of the Confidential Information for creating, maintaining or marketing, or aiding in the creation, maintenance, marketing or selling, of any Products which are
competitive with the Products of the Company. 


  

	 	(iii)	 Upon the request of the Company, and in any event upon the termination of your employment with the Company, you
will immediately return to the Company all materials, including all copies in whatever form, containing the Confidential Information which are in your possession or under your control. 



 

	 	(e)	 Ownership of Confidential Information and Developments: 



 

	 	(i)	 You acknowledge and agree that you will not acquire any right, title or interest in or to the Confidential
Information or the Developments. 















	 	(ii)	 You agree to make full disclosure to the Company of each Development promptly after its creation. You hereby
irrevocably assign and transfer to the Company, and agree that the Company will be the exclusive owner of, all of your right, title and interest in and to each Development throughout the world, including all trade secrets, patent rights, copyrights
trademarks, industrial designs and all other intellectual property rights therein, whether realized within or beyond the scope of your employment, and regardless of the true purpose of the employment relationship, and you irrevocably waive all moral
rights you may have in these Developments. You further agree to cooperate fully at all times during and subsequent to your employment with respect to signing further documents and doing such acts and other things reasonably requested by the Company
to confirm such transfer of ownership of rights, including intellectual property rights, effective at or after the time the Development is created and to obtain patents or copyrights or the like covering the Developments. You agree that the
obligations in this section will continue beyond the termination of your employment with the Company with respect to Developments created during your employment with the Company. 



 

	 	(iii)	 You agree that the Company, its successors, its assignees and their licensees are not required to designate you
as the author of any Developments. You hereby waive in whole all moral rights which you may have in the Developments in favour of the Company, including the right to disclose the Developments to the public, retract the developments from the public,
the right to the integrity of the Developments, the right to be associated with the Developments, the right to restrain or claim damages for any distortion, mutilation or other modification of the Developments, and the right to restrain use or
reproduction of the Developments in any context and in connection with any product, service, cause or institution. In the event of having any other right in and to the Developments that cannot be assigned to the Company, you hereby unconditionally
and irrevocably waive the enforcement of all such rights, and all claims and causes of action of any kind with respect to any of the foregoing (including moral rights) against the Company, its successors, distributors, licensees, sublicensees and
customers, whether now known or hereafter to become known, and you agree, at the request and expense of the Company and its respective successors and assigns, to consent to and join in any action to enforce such rights and to procure a waiver of
such rights from the holders of such rights; 


  

	 	(iv)	 You agree, in the event of having any rights in and to the Developments that cannot be assigned to the Company
and cannot be waived, you hereby grant to the Company and its respective successors and assigns, an irrevocable, unconditional, perpetual, exclusive, worldwide, transferable, fully-paid and royalty-free license, with rights to sublicense throughout
multiple levels of sublicensees, to use in any way whatsoever the Developments and the intellectual property rights embodied therein. 















	 	(v)	 In performing your duties in the course of your employment with the Company, you agree to avoid designing or
developing any Development, in part or in whole, that intentionally infringes any intellectual property rights of any third party or that incorporates the intellectual property of any third party. If you become aware of any such possible
infringement in the course of your employment, you agree to immediately notify the Company in writing of all particulars of the same. Without limiting the forgoing, you agree that in working on any Development, you will not take any action that
creates any obligation on behalf of the Company to any third party, and you will not incorporate any third party or publically available software, in whole or in part, into any Development, and you will not use any such software, in whole or in
part, in a manner that may subject any Development to any license obligations of any third party. 


  

	4.	 Restrictive Covenants 



 

	 	(a)	 Non-Competition: You agree that while you are employed by the Company, and for a period of one
(1) year following the termination of your employment with the Company, you will not become engaged, directly or indirectly, as an employee, consultant, partner, principal, agent, officer, director, proprietor, shareholder (other than a
holding of shares listed on a stock exchange that does not exceed 2% of the outstanding shares so listed) or advisor, in any Competitive Business that is located or operates within Canada or the United States. 



 

	 	(b)	 Non-Solicitation of Clients: You agree that while you are employed by the Company, and for one
(1) year following the termination of your employment with the Company, you will not, directly or indirectly, contact or solicit any Clients of the Company for the purpose of selling or supplying to these Clients of the Company any
products or services which are competitive with the products or services sold or supplied by the Company at the time of your termination. The term “Client of the Company” in the preceding sentence means any Person that:



  

	 	(i)	 was a client of the Company at the time of the termination of your employment with the Company; or



  

	 	(ii)	 the Company actively solicited within the twelve months prior to the termination of your employment.



  

	 	(c)	 Non-Solicitation of Employees: You agree that while you are employed by the Company, and for one
(1) year following the termination of your employment with the Company, without the prior written consent of the Company, you will not directly or indirectly hire any employees of or consultants or contractors to the Company, nor will
you solicit or induce or attempt to induce any persons who are employees of or consultants to the Company to terminate their employment or consulting agreement with the Company. 















	5.	 Reasonableness of the Restrictive Covenants 



 

	 	(a)	 You confirm that the obligations in Section 4 are fair and reasonable, given that, among other
reasons: 


  

	 	(i)	 the nature of the Business is such that you could relatively easily and effectively compete with the Business,
and you therefore agree that the geographic scope of the obligation in Section 4 is reasonable; 


  

	 	(ii)	 the Company operates in a relatively small but highly competitive market, in which there is intense competition
from competing businesses; and (iii) you will have access to Confidential Information concerning the Business, including information concerning the Products and Developments and prospective Products which the Company is contemplating
developing, producing, marketing, licensing or selling; 


 and 
  

	 	(b)	 You agree that the obligations in Section 4, together with your other obligations under this
Agreement, are reasonably necessary for the protection of the Company’s proprietary interests, and you acknowledge and agree that your obligations contained in this Agreement will not preclude you from becoming gainfully employed in a similar
capacity, following a termination of your employment with the Company, given your training, general knowledge and experience. 


  

	6.	 Termination 


  

	 	(a)	 Resignation: If for any reason you should wish to leave the Company, you will provide the Company with
three (3) month’s prior written notice of your intention (the “Resignation Period”). The Parties hereby agree that in order to protect the Company’s interests, the Company may, in its sole and unfettered
discretion, waive the Resignation Period and end your employment immediately by delivering to you a written notice followed by payment of your Base Salary due to you during the remainder of the Resignation Period. 



 

	 	(b)	 Termination for Cause: The Company may terminate your employment at any time for Cause, effective upon
delivery by the Company to you of a written notice of termination of your employment for Cause. You will not be entitled to receive any further pay or compensation (except for pay, if any, accrued and owing under this Agreement up to the date of
termination of your employment), severance pay, notice, payment in lieu of notice, benefits or damages of any kind, and for clarity, without limiting the foregoing, you will not be entitled to any bonus or pro rata bonus payment that has not already
been awarded by the Company. 


  

	 	(c)	 Termination Without Cause: The Company may terminate your employment without cause at any time upon
providing you with severance equal to base salary for a period of 6 months plus an additional month for every year of service rendered to the Company from the date of incorporation of the Company, up to a maximum of 18 months. 















	 	(d)	 Termination following Change of Control: Notwithstanding any other provision in this Agreement, if
within twelve (12) months following a Change of Control of the Company (as defined below), the Employee’s employment is terminated by the Company without cause, the Employee shall receive severance of twenty-four
(24) months of base salary and benefits continuation as at that date, and full vesting acceleration of all unvested stock options or other equity grants made to the Employee as at that date. For all purposes of this Agreement,
“Change of Control” means: 


  

	 	(i)	 the acquisition, directly or indirectly, by any person or group of persons acting jointly or in concert, as
such terms are defined in the Securities Act, British Columbia, of common shares of the Company which, when added to all other common shares of the Company at the time held directly or indirectly by such person or persons acting jointly or in
concert constitutes for the first time in the aggregate 51% or more of the outstanding common shares of the Company; or 


  

	 	(ii)	 the removal, by extraordinary resolution of the shareholders of the Company, of more than 51% of the then
incumbent Board of the Company, or the election of a majority of Board members to the Company’s board who were not nominees of the Company’s incumbent board at the time immediately preceding such election; or 



 

	 	(iii)	 consummation of a sale of all or substantially all of the assets of the Company; or 



 

	 	(iv)	 the consummation of a reorganization, plan of arrangement, merger, or other transaction which has substantially
the same effect as to above. 


  

	 	(e)	 Garden Leave: Once notice of resignation or termination has been given by you or the Company, the
Company may excuse you from the performance of your duties and/or exclude you from any premises of the Company or any Affiliated Company. Base Salary and other contractual benefits shall continue to be paid or provided to you until the last day of
the notice period, subject to the terms of the governing agreements or plans. During any period where you are excused from your duties and/or excluded from the Company’s premises, you shall not, without the prior written consent of the Company,
contact (either directly or indirectly) any clients, customers, suppliers or employees of the Company or any Affiliated Company. At any time, the Company may require you to return to the Company all property in your possession or under your control
belonging to the Company or any Affiliated Company. 















	 	(f)	 Repurchase of Founder Shares upon Resignation or Termination for Cause: For a period of 23 months after
the Effective Date, if you cease to be employed by the Company due to resignation or termination for Cause, then, for a period of 12 months following the resignation or termination for Cause, the Company will have the right to repurchase:



  

	 	(i)	 50% of the Founder Shares at a price of 50% of the Series A Preferred Price if the resignation or termination
occurs within the first 11 months; 


  

	 	(ii)	 25% of the Founder Shares at a price of 50% of the Series A Preferred Price if the resignation or termination
occurs between 12 months and 23 months after the Effective Date; and 


 Notwithstanding the above, the Company will not
have the right to repurchase your Founder Shares in the event that you cease to be employed because of your death, or in the case of termination or resignation for reasons of physical or mental disability. 

 

	 	(g)	 No Implied Entitlement: Other than as expressly provided herein, you will not be entitled to receive any
further pay or compensation, severance pay, notice, payment in lieu of notice, incentives, bonuses, benefits or damages of any kind. 


  

	 	(h)	 Continued Effect: Notwithstanding any changes in the terms and conditions of your employment which may
occur in the future, including any changes in position, duties or compensation, the termination provisions in this Agreement will continue to be in effect for the duration of your employment with the Company unless otherwise amended in writing and
signed by the Company. 


  

	 	(i)	 Authorization to Deduct Debts: If, on the date you leave employment, you owe the Company any money, you
hereby authorize the Company to deduct any such debt from your final salary payment or any other payment due to you. Any remaining debt will be immediately payable to the Company and you agree to satisfy such debt within 14 days of any demand for
repayment. 


  

	7.	 Severability 



If any part, article, section, clause, paragraph or subparagraph of this Agreement is held to be indefinite, invalid, illegal or otherwise voidable or
unenforceable for any reason, the entire Agreement will not fail on the account thereof and the validity, legality and enforceability of the remaining provisions will in no way be affected or impaired thereby. Further, if any provision of this
Agreement is held by a court of competent jurisdiction to be excessively broad as to duration, activity, geography, or subject, said court will deem and interpret such provision to be valid and enforceable to the maximum duration, activity,
geographic extent, and subject permissible under applicable law. 
  

	8.	 Entire Agreement 



This Agreement constitutes the entire agreement between you and the Company with respect to the subject matter herein and cancels and supersedes all previous
invitations, proposals, letters, correspondence, negotiations, promises, agreements, covenants, conditions, representations and warranties with respect to the subject matter of this Agreement. There is no representation, warranty, collateral term or
condition affecting this Agreement for which any Party can be held responsible in any way, other than as expressed in writing in this Agreement. No change or modification of this Agreement will be valid unless it is in writing and signed by both
Parties. 













	9.	 Non-waiver 



No failure or delay by you or the Company in exercising any power or right under this Agreement will operate as a waiver of such power or right. Any consent or
waiver by any Party to this Agreement to any breach or default under this Agreement will be effective only in the specific instance and for the specific purpose for which it was given. 

 

	10.	 Survival of Terms 



The provisions of sections 2(e), 3, 4, 6(h), 7, 8, 9, 10, 11, 12, 13, 14, 15 and 16 of this Agreement will survive the termination of your employment, as well
as any other provisions herein that are necessary for the post termination protection of the Company or its Confidential Information or intellectual property. 
  

	11.	 Further Assistance 



The Parties will execute and deliver any documents and perform any acts necessary to carry out the intent of this Agreement. 

 

	12.	 Equitable Remedies 



You hereby acknowledge and agree that a breach of your obligations under this Agreement would result in damages to the Company that could not be adequately
compensated for by monetary award. Accordingly, in the event of any such breach by you, in addition to all other remedies available to the Company at law or in equity, the Company will be entitled as a matter of right to apply to a Court of
competent jurisdiction for such relief by way of restraining order, injunction, decree or otherwise, as may be appropriate to ensure compliance with the provisions of this Agreement. 

 

	13.	 Dispute Resolution 



In the event of a dispute arising out of or in connection with this Agreement, or in respect of any legal relationship associated with it or from it, which
does not involve the Company seeking a court injunction or other injunctive or equitable relief to protect its business, confidential information or intellectual property, that dispute will be resolved confidentially as follows: 

 

	 	(a)	 Amicable Negotiation – The Parties agree that, both during and after the performance of their
responsibilities under this Agreement, each of them will make bona fide efforts to resolve any disputes arising between them by amicable negotiations; 


  


	 	(b)	 Mediation – If the Parties are unable to negotiate resolution of a dispute, either Party may refer the
dispute to mediation by providing written notice to the other Party. If the Parties cannot agree on a mediator within thirty (30) days of receipt of the notice to mediate, then either Party may make application to the British Columbia
Arbitration and Mediation Society to have one appointed. The mediation will be held in Vancouver, BC, in accordance with the British Columbia International Commercial Arbitration Centre’s (the “BCICAC”) Commercial Mediation
Rules, and each Party will bear its own costs, including one-half share of the mediator’s fees. 















	 	(c)	 Arbitration – If, after mediation, the Parties have been unable to resolve a dispute and the mediator has
been inactive for more than 90 days, or such other period agreed to in writing by the Parties, either Party may refer the dispute for final and binding arbitration by providing written notice to the other Party. If the Parties cannot agree on an
arbitrator within thirty (30) days of receipt of the notice to arbitrate, then either Party may make application to the British Columbia Arbitration and Mediation Society to appoint one. The arbitration will be held in Vancouver, BC, in
accordance with the BCICAC’s Shorter Rules for Domestic Commercial Arbitration, and each Party will bear its own costs, including one-half share of the arbitrator’s fees. 



 

	14.	 Definitions 



In this Agreement: 
  

	 	(a)	 “Affiliated Company” means an “affiliate” as defined in the Business Corporations
Act (BC) or any successor legislation, as amended from time to time. 


  

	 	(b)	 “Board” means the board of directors of the Company. 



 

	 	(c)	 “Business” means the business of discovering, researching, developing, producing, licensing
selling and marketing new antibody molecules for therapeutics, diagnostics and reagents, and such other products and services the Company offers during your employment. 



 

	 	(d)	 “Cause” includes i) material and uncured breach of this Agreement that causes damage to the
Company, ii) serious infractions such as theft, fraud, dishonesty, assault or harassment of co-workers, conflict of interest, or wilful misconduct, and iii) proven incompetence. 



 

	 	(e)	 “Competitive Business” means any business operation, whether a partnership, proprietorship,
joint venture, company or otherwise, that develops, produces, licences or markets any products or services that are competitive with the Company’s products and services. 



 

	 	(f)	 “Company” means AbCellera Biologics Inc., a company with an office at 2215 Yukon Street,
Vancouver, British Columbia, V5Y 0A1, and where used in the context of protection of Confidential Information, intellectual property or the Business, “Company” includes any Affiliated Company. 



 

	 	(g)	 “Confidential Information” includes any of the following: 



 

	 	(i)	 information concerning all Products and Developments (as defined below); 















	 	(ii)	 information regarding the Company’s business, operations, financing, strategies, methods and practices,
including marketing strategies, product mix, product pricing, sales, margins, pay and compensation for staff, and any other information regarding the financial affairs of the Company; 



 

	 	(iii)	 the identity of the Company’s clients, business partners, licensees, agents and suppliers, and the nature
of the Company’s relationships with such clients, partners, licensees, agents and suppliers; 


  

	 	(iv)	 information belonging to the Company’s clients, business partners, licensees, agents and suppliers, which
is disclosed to you or the Company; and 


  

	 	(v)	 any other trade secrets or confidential or proprietary information in the possession or control of the Company,



 but does not include information which is or becomes generally available to the public through no fault of your own or
which you can establish, through written records, was in your possession prior to its disclosure to you as a result of your work for the Company. 
  

	 	(h)	 “Developments” includes all: 



 

	 	(i)	 Products, analyses, compilations, studies, concepts, software, documentation, research, data, designs, reports,
flowcharts, training materials, trade-marks, and specifications, and any related works, including any enhancements, modifications or additions to the Products owned, licensed, sold, marketed or used by the Company; 



 

	 	(ii)	 copyrightable works of authorship including, without limitation, any technical descriptions for Products, user
guides, instructions, illustrations and advertising materials; and 


  

	 	(iii)	 inventions, devices, concepts, ideas, formulae, know-how, processes,
techniques, systems, methods and improvements, 


 in each case related to the Business, whether patentable or not,
developed, created, generated or reduced to practice by you, alone or jointly with others, during your employment with the Company or which result from tasks assigned to you by the Company or which result from the use of the premises or property
(including equipment, supplies or Confidential Information) owned, leased or licensed by the Company. 
  

	 	(i)	 “Founder Shares” means 6,461,383.19 common shares owned outright by Carl Hansen.



  

	 	(j)	 Parties” means, collectively, you and the Company, and for clarity, a “Party”
means any one of the Parties. 















	 	(k)	 “Person” means any individual, partnership, limited partnership, joint venture, syndicate,
sole proprietorship, company or company with or without share capital, unincorporated association, trust, trustee, executor, administrator or other legal personal representative, regulatory body or agency, government or governmental agency or entity
however designated or constituted. 


  

	 	(l)	 “Products” means (i) any products developed by, for or on behalf of the Company for use
in its Business or operations, (ii) any intellectual property or assets owned, licensed, sold, marketed or used by the Company in connection with the Business, including enhancements, modifications, additions or other improvements to such
intellectual property; and (iii) any other products and services that the Company discovers or develops during your employment. 


  

	 	(m)	 “Series A Preferred Price” means in respect of the Founder Shares, USD $3.61 per share.



  

	 	(n)	 “Start Date” means January 1st, 2017. 



 

	15.	 Conflict 



In the event of any conflict between the terms and conditions of this agreement and any other agreement, the terms of this Agreement will prevail. 

 

	16.	 Governing Laws 



This Agreement will be governed by and construed in accordance with the laws of British Columbia and the laws of Canada applicable in British Columbia. 

 

	17.	 Acknowledgement of Terms and Obligations 



You agree that you have read and understand all of the terms, rights and obligations under this Agreement, that you have had the opportunity to discuss and
negotiate these terms, rights and obligations with the Company, and that you have executed this Agreement voluntarily and of your own free will. 
  

	18.	 Counterparts 



This Agreement may be executed in two or more counterparts, each of which will be deemed to be an original and all of which will constitute one Agreement. 

 

			
	AbCellera Biologics Inc.
		
	By:	 	/s/ Véronique Lecault
	 Véronique Lecault
COO & Director 















 I have read, understand, acknowledge and accept the terms and conditions of my employment with the Company
as set out above: 
  

	
	/s/ Carl Hansen
	Dr. Carl Hansen













 SCHEDULE A 

AUTHORIZED WORK AND BUSINESS ACTIVITIES OUTSIDE THE COMPANY 

AbCellera Biologics Inc. (the “Company”) hereby agrees that you may engage in the following work and business activities: 

 

	1.	 Continued participation on the Scientific Advisory Board of Precision Nanosystems Inc. 



 

	2.	 Fulfill your commitment as an Adjunct Professor at the University of British Columbia. 














 March 6, 2020 

Private & Confidential 
 By Electronic Mail

 Carl Hansen 
 Dear Carl: 

Re: Amendment of Employment Agreement to Increase Base Compensation 

In recognition of your performance and excellent contributions to AbCellera, the compensation committee has recommended an increase in your base compensation
for your ongoing employment, from CAD $300,000 per annum to CAD $400,000 per annum. 
 Effective February 1, 2020, your employment agreement will be
amended as follows: 
 Article 1c will be replaced with 
  

	 	(c)	 Base Compensation: You will earn a base salary in the amount of CAD $400,000 per annum, less statutory
and other required deductions, for all work and services you perform for the Company, paid to you bi-monthly in 24 equal payments, in arrears (the “Base Salary”). Your base salary will be
reviewed periodically by the Company compensation committee elected by the Board (the “Compensation Committee”), which shall determine and recommend any adjustments to your annual base salary compensation. 



To accept this amendment please sign and return this letter to             . I want to sincerely
express my appreciation for your work and contributions to AbCellera. 
  

					
			
	 /s/ John Hamer
	 		 	 /s/ Carl Hansen

	 John Hamer
 Director
	 		 	Carl Hansen