**Exhibit 10.47**

**INDEMNIFICATION AGREEMENT**

**THIS AGREEMENT** is made and entered into this     day of                     , 20     by and between **COLEY PHARMACEUTICAL GROUP,INC.**, a Delaware corporation (the “**Corporation**”), and                             (“**Agent**”). 

**RECITALS**

**WHEREAS**, Agentperforms a valuable service to the Corporation in his capacity as [a director/an officer] of the Corporation; 

**WHEREAS**, theCorporation has adopted provisions in its Certificate of Incorporation (the “Charter”) and bylaws (the “**Bylaws**”) providing for the indemnification of the directors, officers, employees and other agents of the Corporation,including persons serving at the request of the Corporation in such capacities with other corporations or enterprises, as authorized by the Delaware General Corporation Law, as amended (the “**Code**”); 

**WHEREAS**, the Charter, the Bylaws and the Code, by their non-exclusive nature, permit contracts between the Corporation and its agents, officers,employees and other agents with respect to indemnification of such persons; and 

**WHEREAS**, in order to induce Agent to serve as [adirector/an officer] of the Corporation, the Corporation has determined and agreed to enter into this Agreement with Agent. 

**NOW,THEREFORE**, in consideration of Agent’s service as [a director/an officer] of the Corporation after the date hereof, the parties hereto agree as follows: 

**AGREEMENT**

**1. Services to the Corporation**. Agent will serve, at the will of the Corporationor under separate contract, if any such contract exists, as [a director/an officer] of the Corporation or as a director, officer or other fiduciary of an affiliate of the Corporation (including any employee benefit plan of the Corporation)faithfully and to the best of his ability so long as he [is duly elected and qualified in accordance with the provisions of the Bylaws or other applicable charter documents/is a duly appointed officer] of the Corporation or such affiliate;provided, however, that Agent may at any time and for any reason resign from such position (subject to any contractual obligation that Agent may have assumed apart from this Agreement) and that the Corporation or any affiliate shallhave no obligation under this Agreement to continue Agent in any such position. 

**2. Indemnity of Agent**. The Corporation herebyagrees to hold harmless and indemnify Agent to the fullest extent authorized or permitted by the provisions of the Charter, the Bylaws and the Code, as the same may be amended from time to time (but, only to the extent that such amendment permitsthe Corporation to provide broader indemnification rights than the Charter, the Bylaws or the Code permitted prior to adoption of such amendment). 

**3. Additional Indemnity**. In addition to and not in limitation of the indemnification otherwiseprovided for herein, and subject only to the exclusions set forth in Section 4 hereof, the Corporation hereby further agrees to hold harmless and indemnify Agent: 

**(a)** against any and all expenses (including attorneys’ fees), witness fees, damages, judgments, fines and amounts paid insettlement and any other amounts that Agent becomes legally obligated to pay because of any claim or claims made against or by him in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal,arbitrational, administrative or investigative (including an action by or in the right of the Corporation) to which Agent is, was or at any time becomes a party or a witness, or is threatened to be made a party or a witness, by reason of the factthat Agent is, was or at any time becomes a director, officer, employee or other agent of Corporation, or is or was serving or at any time serves at the request of the Corporation as a director, officer, employee or other agent of anothercorporation, partnership, joint venture, trust, employee benefit plan or other enterprise; and 

**(b)** otherwise to thefullest extent as may be provided to Agent by the Corporation under the non-exclusivity provisions of the Code, the Charter and the Bylaws. 

**4. Limitations on Additional Indemnity**. No indemnity pursuant to Section 3 hereof shall be paid by the Corporation: 

**(a)** on account of any claim against Agent for an accounting of profits made from the purchase or sale by Agent of securities of the Corporation pursuant to the provisions of Section 16(b) of the SecuritiesExchange Act of 1934 and amendments thereto or similar provisions of any federal, state or local statutory law; 

**(b)**on account of Agent’s conduct that is established by a final judgment as knowingly fraudulent or deliberately dishonest or that constituted willful misconduct; 

**(c)** on account of Agent’s conduct that is established by a final judgment as constituting a breach of Agent’s duty ofloyalty to the Corporation or resulting in any personal profit or advantage to which Agent was not legally entitled; 

**(d)** for which payment is actually made to Agent under a valid and collectible insurance policy or under a valid and enforceable indemnity clause, bylaw or agreement, except in respect of any excess beyond payment under suchinsurance, clause, bylaw or agreement; 

**(e)** if indemnification is not lawful (and, in this respect, both theCorporation and Agent have been advised that the Securities and Exchange Commission believes that indemnification for liabilities arising under the federal securities laws is against public policy and is, therefore, unenforceable and that claims forindemnification should be submitted to appropriate courts for adjudication); or 

**(f)** in connection with anyproceeding (or part thereof) initiated by Agent, or any proceeding by Agent against the Corporation or its directors, officers, employees or other agents, unless (i) such indemnification is expressly required to be made by law, (ii) theproceeding was authorized by the Board of Directors of the Corporation, (iii) such 

 

2 

indemnification is provided by the Corporation, in its sole discretion, pursuant to the powers vested in the Corporation under the Code, or (iv) theproceeding is initiated pursuant to Section 9 hereof. 

**5. Continuation of Indemnity**. All agreements and obligations of theCorporation contained herein shall continue during the period Agent is a director, officer, employee or other agent of the Corporation (or is or was serving at the request of the Corporation as a director, officer, employee or other agent of anothercorporation, partnership, joint venture, trust, employee benefit plan or other enterprise) and shall continue thereafter so long as Agent shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whethercivil, criminal, arbitrational, administrative or investigative, by reason of the fact that Agent was serving in the capacity referred to herein. 

**6. Partial Indemnification**. Agent shall be entitled under this Agreement to indemnification by the Corporation for a portion of the expenses (including attorneys’ fees), witness fees, damages, judgments, fines and amounts paidin settlement and any other amounts that Agent becomes legally obligated to pay in connection with any action, suit or proceeding referred to in Section 3 hereof even if not entitled hereunder to indemnification for the total amount thereof,and the Corporation shall indemnify Agent for the portion thereof to which Agent is entitled. 

**7. Notification and Defense of Claim**.Not later than thirty (30) days after Agent becomes aware, by written or other overt communication, of any pending or threatened litigation, claim or assessment, Agent will, if a claim in respect thereof is to be made against the Corporationunder this Agreement, notify the Corporation of such pending or threatened litigation, claim or assessment; but the omission so to notify the Corporation will not relieve it from any liability which it may have to Agent otherwise than under thisAgreement. With respect to any such pending or threatened litigation, claim or assessment as to which Agent notifies the Corporation of the commencement thereof: 

**(a)** the Corporation will be entitled to participate therein at its own expense; 

**(b)** except as otherwise provided below, the Corporation may, at its option and jointly with any other indemnifying party similarlynotified and electing to assume such defense, assume the defense thereof, with counsel reasonably satisfactory to Agent. After notice from the Corporation to Agent of its election to assume the defense thereof, the Corporation will not be liable toAgent under this Agreement for any legal or other expenses subsequently incurred by Agent in connection with the defense thereof except for reasonable costs of investigation or otherwise as provided below. Agent shall have the right to employseparate counsel in such action, suit or proceeding but the fees and expenses of such counsel incurred after notice from the Corporation of its assumption of the defense thereof shall be at the expense of Agent unless (i) the employment ofcounsel by Agent has been authorized by the Corporation, (ii) Agent shall have reasonably concluded, and so notified the Corporation, that there is an actual conflict of interest between the Corporation and Agent in the conduct of the defenseof such action or (iii) the Corporation shall not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of Agent’s separate counsel shall be at the expense of the Corporation. TheCorporation shall not be entitled to assume the defense of 

 

3 

any action, suit or proceeding brought by or on behalf of the Corporation or as to which Agent shall have made the conclusion provided for in clause(ii) above; and 

**(c)** the Corporation shall not be liable to indemnify Agent under this Agreement for any amountspaid in settlement of any action or claim effected without its written consent, which shall not be unreasonably withheld. The Corporation shall be permitted to settle any action or claim except that it shall not settle any action or claim in anymanner which would impose any penalty or limitation on Agent without Agent’s written consent, which may be given or withheld in Agent’s sole discretion. 

**8. Expenses**. The Corporation shall advance, prior to the final disposition of any proceeding, promptly following request therefor, all expenses incurred by Agent in connection with such proceeding upon receiptof an undertaking by or on behalf of Agent to repay said amounts if it shall be determined ultimately that Agent is not entitled to be indemnified under the provisions of this Agreement, the Charter, the Bylaws, the Code or otherwise. 

**9. Enforcement**. Any right to indemnification or advances granted by this Agreement to Agent shall be enforceable by or on behalf of Agent in anycourt of competent jurisdiction if (i) the claim for indemnification or advances is denied, in whole or in part, or (ii) no disposition of such claim is made within ninety (90) days of request therefor. Agent, in such enforcementaction, if successful in whole or in part, shall be entitled to be paid also the expense of prosecuting his claim. It shall be a defense to any action for which a claim for indemnification is made under Section 3 hereof (other than an actionbrought to enforce a claim for expenses pursuant to Section 8 hereof, provided that the required undertaking has been tendered to the Corporation) that Agent is not entitled to indemnification because of the limitations set forth inSection 4 hereof. Neither the failure of the Corporation (including its Board of Directors or its stockholders) to have made a determination prior to the commencement of such enforcement action that indemnification of Agent is proper in thecircumstances, nor an actual determination by the Corporation (including its Board of Directors or its stockholders) that such indemnification is improper shall be a defense to the action or create a presumption that Agent is not entitled toindemnification under this Agreement or otherwise. 

**10. Subrogation**. In the event of payment under this Agreement, the Corporationshall be subrogated to the extent of such payment to all of the rights of recovery of Agent, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Corporation effectively tobring suit to enforce such rights. 

**11. Non-Exclusivity of Rights**. The rights conferred on Agent by this Agreement shall not beexclusive of any other right which Agent may have or hereafter acquire under any statute, provision of the Corporation’s Certificate of Incorporation or Bylaws, agreement, vote of stockholders or directors, or otherwise, both as to action inhis official capacity and as to action in another capacity while holding office. 

**12. Survival of Rights**. 

**(a)** The rights conferred on Agent by this Agreement shall continue after Agent has ceased to be a director, officer, employee orother agent of the Corporation or to serve 

 

4 

at the request of the Corporation as a director, officer, employee or other agent of another corporation, partnership, joint venture, trust, employee benefitplan or other enterprise, and shall inure to the benefit of Agent’s heirs, executors and administrators. 

**(b)**The Corporation shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Corporation, expressly to assume and agree to perform thisAgreement in the same manner and to the same extent that the Corporation would be required to perform if no such succession had taken place. 

**13. Separability**. Each of the provisions of this Agreement is a separate and distinct agreement and independent of the others, so that if any provision hereof shall be held to be invalid or unenforceable for any reason, suchinvalidity or unenforceability shall not affect the validity or enforceability of the other provisions hereof. Furthermore, if this Agreement shall be invalidated in its entirety on any ground, then the Corporation shall nevertheless indemnify Agentto the fullest extent provided by the Charter, the Bylaws, the Code or any other applicable law. 

**14. Governing Law**. This Agreementshall be interpreted and enforced in accordance with the laws of the State of Delaware. 

**15. Amendment and Termination**. Noamendment, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by both parties hereto. 

**16. Identical Counterparts**. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute but one and the same Agreement. Onlyone such counterpart need be produced to evidence the existence of this Agreement. 

**17. Headings**. The headings of the sections ofthis Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof. 

**18. Notices**. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (i) upon delivery if delivered by hand to the party to whom such communication wasdirected or (ii) upon the third business day after the date on which such communication was mailed if mailed by certified or registered mail with postage prepaid: 

**(a)** If to Agent, at the address indicated on the signature page hereof. 

**(b)** If to the Corporation, to: 

Coley Pharmaceutical Group, Inc. 

93 Worcester Street, Suite 101 

Wellesley, MA 02481 

Attention: Chief Executive Officer 

 

5 

or to such other address as may have been furnished to Agent by the Corporation. 

**IN WITNESS WHEREOF**, the parties hereto have executed this Agreement on and as of the day and year first above written. 

 
**COLEY PHARMACEUTICAL GROUP, INC.**
By:   
   
Name:
 
Title:
 **AGENT**  
[Name]

Address:
    
 

6 

List of Directors and Officers that have executed the Indemnification Agreement

Officers 

CharlesAbdalian 

Steven Bernitz 

Robert Bratzler 

Sheryl Chiles 

Heather Davis 

Arthur Krieg 

Caroline Krump 

Trevor Mulzer 

Christian Schetter 

Charles Yon 

Directors 

Kenneth Bate 

Gert Caspritz 

Anthony Evnin 

Robert Hugin 

Manfred Karobath 

Patrick Langlois 

James Thomas 

 

7