EX-10.11



 Exhibit 10.11 

SEVERANCE AND CHANGE IN CONTROL AGREEMENT 

This Severance and Change in Control Agreement (“Agreement”) is made effective as of July 3, 2007 (“Effective Date”),
by and between Ambrx, Inc., a Delaware corporation (the “Company”), and Cris Calsada (“Executive”). 
 The parties agree
as follows: 
 1.           Severance.   Executive shall be entitled
to receive benefits upon termination of Executive’s employment with the Company only as set forth in this Section 1. 

(a)        Termination Without Cause or By Executive For Good Reason. 

(i)          Termination Without Cause or By Executive For Good
Reason.  If Executive’s employment is terminated by the Company without Cause (as defined below) or by Executive for Good Reason (as defined below), Executive shall be entitled to receive, in lieu of any severance benefits to
which Executive may otherwise be entitled under any severance plan or program of Company, the benefits provided below: 

(A)        The Company shall pay to Executive her fully earned but unpaid base salary
(at the rate in effect immediately prior to the date of termination) (the “Base Salary”), when due, through the date of termination at the rate then in effect, plus all other amounts to which Executive is entitled under any compensation
plan or practice of the Company at the time of termination; 
 (B)        Subject
to Executive’s continued compliance with Sections 3, 4 and 5, Executive shall be entitled to receive severance pay in an amount equal to Executive’s monthly Base Salary as in effect immediately prior to the date of termination for the
twelve (12) month period following the date of termination, payable in a lump sum within fifteen (15) days following the effective date of Executive’s Release (as defined below), but in no event later than two and one-half (2  1⁄2) months following the last day of the calendar year in which the date of Executive’s termination of employment occurs; 

(C)        Subject to Executive’s continued compliance with Sections 3, 4 and 5,
Executive shall be entitled to receive a lump sum cash payment equal to (1) twelve (12) multiplied by (2) the monthly premium Executive would be required to pay for continuation coverage pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”) for Executive and her eligible dependents who were covered under the Company’s health plans as of the date of Executive’s termination such that Executive’s premiums are the
same as for active employees (calculated by reference to the premium as of the date of termination) (provided that Executive shall be solely responsible for all matters relating to her continuation of coverage pursuant to COBRA, including,
without limitation, her election of such coverage and her timely payment of premiums), which payment shall be paid within fifteen (15) days following the effective date of Executive’s Release, but in no event later than two and one-half
(2  1⁄2) months following the last day of the calendar year in which the date of Executive’s termination of employment occurs; and 

(D)        The payments and benefits provided for in this Section 1(a)(i) shall only
be payable in the event Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason. If, however, Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason more
than three (3) months prior to or more than twelve (12) months following a Change in Control, then Executive shall receive the payments and benefits described in Section 1(a)(ii) in lieu of the payments and benefits described in this
Section 1(a)(i). 

  
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 (ii)         Termination Without Cause or By
Executive For Good Reason In Connection With Change in Control.  If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason within three (3) months prior to or twelve (12) months
following a Change in Control, Executive shall be entitled to receive, in lieu of any severance benefits to which Executive may otherwise be entitled under any severance plan or program of the Company, the benefits provided below: 

(A)        The Company shall pay to Executive her fully earned but unpaid Base
Salary, when due, through the date of termination at the rate then in effect, plus all other amounts to which Executive is entitled under any compensation plan or practice of the Company at the time of termination; 

(B)        Subject to Executive’s continued compliance with Sections 3, 4 and 5,
Executive shall be entitled to receive severance pay in an amount equal to Executive’s monthly Base Salary as in effect immediately prior to the date of termination for the twelve (12) month period following the date of termination,
payable in a lump sum within fifteen (15) days following the effective date of Executive’s Release, but in no event later than two and one-half
(2  1⁄2) months following the last day of the calendar year in which the date of Executive’s termination of employment occurs; 

(C)        Subject to Executive’s continued compliance with Sections 3, 4 and 5,
Executive shall be entitled to receive a lump sum cash payment equal to (1) twelve (12) multiplied by (2) the monthly premium Executive would be required to pay for continuation coverage pursuant to COBRA for Executive and her
eligible dependents who were covered under the Company’s health plans as of the date of Executive’s termination such that Executive’s premiums are the same as for active employees (calculated by reference to the premium as of the date
of termination) (provided that Executive shall be solely responsible for all matters relating to her continuation of coverage pursuant to COBRA, including, without limitation, her election of such coverage and her timely payment of premiums),
which payment shall be paid within fifteen (15) days following the effective date of Executive’s Release, but in no event later than two and one-half (2  1⁄2) months following the last day of the calendar year in which the date of Executive’s termination of employment occurs; 

(D)        Subject to Executive’s continued compliance with Sections 3, 4 and 5,
Executive shall be entitled to receive a lump sum cash payment of $10,000 for executive-level outplacement services, payable within fifteen (15) days following the effective date of Executive’s Release, but in no event later than two and
one-half (2  1⁄2) months following the last day of the calendar year in which the date of Executive’s termination of employment occurs (or, in the
event the date of termination precedes the consummation of a Change in Control, such amounts shall be paid within fifteen (15) days following the date of the Change in Control, but in no event later than two and one-half (2  1⁄2) months following the consummation of the Change in Control); and 

(E)        The payments and benefits provided for in this Section 1(a)(ii) shall only
be payable in the event Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason within three (3) months prior to or twelve (12) months following a Change in Control. If Executive’s employment is
terminated by the Company without Cause or by Executive for Good Reason more than twelve (12) months following a Change in Control or prior to a Change in Control and such Change in Control is not consummated within three (3) months following such
termination, then Executive shall receive the payments and benefits described in Section 1(a)(i) and shall not be eligible to receive any of the payments and benefits described in this Section 1(a)(ii). 

  
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 (b)          Other
Terminations.  If Executive’s employment is terminated at any time by the Company for Cause, by Executive without Good Reason, or as a result of Executive’s death or Disability, the Company shall not have any other or further
obligations to Executive under this Agreement (including any financial obligations) except that Executive shall be entitled to receive (i) Executive’s fully earned but unpaid Base Salary, through the date of termination at the rate then in
effect, and (ii) all other amounts or benefits to which Executive is entitled under any compensation, retirement or benefit plan or practice of the Company at the time of termination in accordance with the terms of such plans or practices,
including, without limitation, any continuation of benefits required by COBRA or applicable law. In addition, all vesting of Executive’s unvested Stock Awards previously granted to him by the Company shall cease and none of such unvested Stock
Awards shall be exercisable following the date of such termination. The foregoing shall be in addition to, and not in lieu of, any and all other rights and remedies which may be available to the Company under the circumstances, whether at law or in
equity. 
 (c)          Delay of Payments.  If at the time of
Executive’s termination of employment with the Company Executive is a “specified employee” as defined in Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), as determined by the Company in
accordance with Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional
tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to Executive) until the
date that is at least six (6) months following Executive’s termination of employment with the Company (or the earliest date as is permitted under Section 409A of the Code). 

(d)          Release.  As a condition to Executive’s receipt of any
post-termination benefits pursuant to Section 1(a) above, Executive shall execute and not revoke a general release of all claims in favor of the Company (the “Release”) in the form attached hereto as Exhibit A. Such Release
shall specifically relate to all of Executive’s rights and claims in existence at the time of such execution, including any claims related to Executive’s employment by the Company and her termination of employment, and shall exclude any
continuing obligations the Company may have to Executive following the date of termination under this Agreement or any other agreement providing for obligations to survive Executive’s termination of employment. In the event Executive does not
sign or revokes the Release within sixty (60) day period following the date of Executive’s termination of employment, Executive shall not be entitled to the aforesaid payments and benefits. 

(e)          Exclusive Remedy.  Except as otherwise expressly required by
law (e.g., COBRA) or as specifically provided herein, all of Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such
termination. In the event of a termination of Executive’s employment with the Company, Executive’s sole remedy shall be to receive the payments and benefits described in this Section 1. In addition, Executive acknowledges and agrees that
she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 1, including, without limitation, any excise tax imposed by
Section 4999 of the Code. 
 (f)          No Mitigation.  Executive
shall not be required to mitigate the amount of any payment provided for in this Section 1 by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in this Section 1 be reduced by any
compensation earned by 

  
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Executive as the result of employment by another employer or self-employment or by retirement benefits; provided, however, that loans, advances or other amounts owed by Executive to
the Company may be offset by the Company against amounts payable to Executive under this Section 1. 

(g)          Return of the Company’s Property.  If Executive’s
employment is terminated for any reason, the Company shall have the right, at its option, to require Executive to vacate her offices prior to or on the effective date of termination and to cease all activities on the Company’s behalf. Upon the
termination of her employment in any manner, as a condition to Executive’s receipt of any post-termination benefits described in this Agreement, Executive shall immediately surrender to the Company all lists, books and records of, or in
connection with, the Company’s business, and all other property belonging to the Company, it being distinctly understood that all such lists, books and records, and other documents, are the property of the Company. Executive shall deliver to
the Company a signed statement certifying compliance with this Section 1(g) prior to the receipt of any post-termination benefits described in this Agreement. 

(h)          Definitions.  For purposes of this Agreement, the following
terms shall have the following meanings: 
 (i)          “Cause” shall mean any
of the following: (i) any act of personal dishonesty taken by Executive in connection with Executive’s responsibilities to the Company or any successor or affiliate thereof; (ii) Executive’s conviction of a felony; (iii) a
willful act by Executive which constitutes gross misconduct and is materially injurious to the Company or any successor or affiliate thereof; (iv) Executive’s willful and material breach of a material obligation or material duty under this
Agreement, the Company’s Confidentiality and Proprietary Rights Agreement or the Company’s written employment or other written policies that have previously been furnished to Executive, which breach is not cured within thirty
(30) days after written notice thereof is received by Executive; (v) Executive’s failure to comply with reasonable directives of the Board of Directors that are consistent with Executive’s job duties (which directives are not in
conflict with applicable law), which failure is not cured within thirty (30) days after written notice thereof is received by Executive; or (vi) Executive’s misappropriation of any material property, including but not limited to
intellectual property, of the Company or any successor or affiliate thereof. 

(ii)         “Change in Control” means and includes each of the following: 

(A)        the acquisition, directly or indirectly, by any “person” or
“group” (as those terms are defined in Sections 3(a)(9), 13(d), and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules thereunder) of “beneficial ownership” (as determined
pursuant to Rule 13d-3 under the Exchange Act) of securities entitled to vote generally in the election of directors (“voting securities”) of the Company that represent fifty percent (50%) or more of the combined voting power of the
Company’s then outstanding voting securities, other than: 
 (1)        an
acquisition by a trustee or other fiduciary holding securities under any employee benefit plan (or related trust) sponsored or maintained by the Company or any person controlled by the Company or by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any person controlled by the Company, or 

(2)        an acquisition of voting securities by the Company or a corporation
owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of the stock of the Company, or 

  
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 (3)        an acquisition of voting
securities pursuant to a transaction described in subsection (C) below that would not be a Change in Control under subsection (C); 

Notwithstanding the foregoing, the following event shall not constitute an “acquisition” by any person or group for purposes of this
Section 1(h)(ii): an acquisition of the Company’s securities by the Company which causes the Company’s voting securities beneficially owned by a person or group to represent fifty percent (50%) or more of the combined voting
power of the Company’s then outstanding voting securities; provided, however, that if a person or group shall become the beneficial owner of fifty percent (50%) or more of the combined voting power of the Company’s then
outstanding voting securities by reason of share acquisitions by the Company as described above and shall, after such share acquisitions by the Company, become the beneficial owner of any additional voting securities of the Company, then such
acquisition shall constitute a Change in Control; or 
 (B)        during any
period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to
effect a transaction described in subsections (A) or (C) of this Section 1(h)(ii)) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors at the beginning of the two year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

(C)        the consummation by the Company (whether directly involving the Company or
indirectly involving the Company through one or more intermediaries) of a merger, consolidation, reorganization, or business combination, a sale or other disposition of all or substantially all of the Company’s assets, or the acquisition of
assets or stock of another entity, in each case, other than a transaction 

(1)        which results in the Company’s voting securities outstanding
immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company
or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least fifty
percent (50%) of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and 

(2)        after which no person or group beneficially owns voting securities
representing fifty percent (50%) or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this paragraph (iii) as beneficially owning fifty
percent (50%) or more of combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 

(D)        the Company’s stockholders approve a liquidation or dissolution of
the Company. 
 For purposes of subsection (A) above, the calculation of voting power shall be made as if the date of the acquisition
were a record date for a vote of the Company’s stockholders, and for purposes of subsection (C) above, the calculation of voting power shall be made as if the date of the consummation of the transaction were a record date for a vote of the
Company’s stockholders. 

  
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 Notwithstanding the foregoing, a transaction shall not constitute a “Change in Control”
if: (A) its sole purpose is to change the state of the Company’s incorporation; (B) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s
securities immediately before such transaction; (C) it constitutes the Company’s initial public offering of its securities; or (D) it is a transaction effected primarily for the purpose of financing the Company with cash (as
determined by the Administrator in its discretion and without regard to whether such transaction is effectuated by a merger, equity financing or otherwise). 

The Administrator shall have full and final authority, which shall be exercised in its sole discretion, to determine conclusively whether a
Change in Control of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change in Control and any incidental matters relating thereto. 

(iii)          “Disability” means the inability of Executive, in the opinion of a
qualified physician acceptable to the Company, to perform the major duties of Executive’s position with the Company or any parent or subsidiary or successor because of the sickness or injury of Executive. 

(iv)          “Good Reason” shall mean the occurrence of any of the following
events or conditions without Executive’s written consent: 
 (A)        a
material diminution in Executive’s authority, duties or responsibilities; provided, however, that the hiring by the Company of a full-time Chief Financial Officer to whom Employee reports and any corresponding change in
Executive’s authority, duties or responsibilities shall not constitute “Good Reason” hereunder; 

(B)        a material diminution in Executive’s base compensation, unless such a
salary reduction is imposed across-the-board to senior management of the Company; 

(C)        a material change in the geographic location at which Executive must
perform her duties, except for reasonably required travel on the Company’s or any successor’s or affiliate’s business that is not materially greater than such travel requirements prior to the date of this Agreement; or 

(D)        any other action or inaction that constitutes a material breach by the
Company or any successor or affiliate of its obligations to Executive under this Agreement. 
 Executive must provide written notice to the
Company of the occurrence of any of the foregoing events or conditions without Executive’s written consent within ninety (90) days of the occurrence of such event. The Company or any successor or affiliate shall have a period of thirty
(30) days to cure such event or condition after receipt of written notice of such event from Executive. Any voluntary termination of Executive’s employment for “Good Reason” following such thirty (30) day cure period must
occur no later than the date that is six (6) months following the initial occurrence of one of the foregoing events or conditions without Executive’s written consent. 

2.          Stock Awards. 

(a)          If Executive’s employment is terminated by the Company without Cause or
by Executive for Good Reason or as a result of Executive’s death or Disability, the vesting and exercisability of 

  
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twenty-five percent (25%) of Executive’s outstanding unvested Stock Awards (other than any awards the vesting of which is performance-based and not time-based) shall be automatically
accelerated on the date of such termination. 
 (b)        If Executive’s employment is
terminated by the Company without Cause or by Executive for Good Reason within three (3) months prior to or twelve (12) months following a Change in Control, the vesting and/or exercisability of any outstanding unvested portions of such
Stock Awards shall be automatically accelerated on the later of (i) the date of termination or (ii) the date of the Change in Control. In addition, Executive’s Stock Awards may be exercised by Executive (or Executive’s guardian
or legal representative) until the latest of (i) six (6) months after the date of termination, (ii) with respect to any portion of the Stock Awards that become exercisable on the date of a Change in Control pursuant to this
Section 2(b), six (6) months after the date of the Change in Control, or (iii) such longer period as may be specified in the applicable stock award agreement; provided, however, that in no event shall any Stock Award
remain exercisable beyond the original outside expiration date of such Stock Award. 

(c)        The vesting pursuant to clauses (a) and (b) of this Section 2 shall be
cumulative. The foregoing provisions are hereby deemed to be a part of each Stock Award and to supersede any less favorable provision in any agreement or plan regarding such Stock Award. 

(d)        “Stock Awards” means all stock options, restricted stock and such other awards
granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof. 

3.          No Conflict of Interest.  During Executive’s employment
with the Company, Executive shall not engage in any activity that creates an actual conflict of interest with the Company without the prior written consent of the CEO or an authorized representative of the Board. Such work shall include, but is not
limited to, directly competing with the Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with,
the business in which the Company is now engaged or in which the Company becomes engaged during Executive’s employment with the Company, as may be determined by the Board in its sole discretion. If the Company believes such a conflict exists
during Executive’s employment with the Company, the Company may ask Executive to choose to modify the scope of the other activity, discontinue the other activity, or resign employment with the Company. Moreover, during Executive’s
employment with the Company, it shall not be a violation of this Agreement for Executive to (a) serve on any corporate board or committee thereof (with the prior approval of the Board); (b) serve on any civic or charitable boards or
committees; (c) deliver lectures, fulfill teaching or speaking engagements; or (d) manage personal investments; provided, however, that any such activities must not materially interfere with Executive’s performance of
her duties and responsibilities under this Agreement. 
 4.          Confidentiality
and Proprietary Rights.  Executive and the Company have executed the Company’s Confidentiality and Proprietary Rights Agreement, a copy of which is attached to this Agreement as Exhibit B and incorporated herein by
reference. 
 5.          Non-Interference and
Nonsolicitation.  Executive understands and agrees that the Company’s employees, customers and actual or potential partners and any information regarding the Company’s employees, customers and/or actual or potential partners
is confidential and constitutes trade secrets of the Company. Executive agrees that during her employment and for a period of one (1) year after termination of her employment, Executive will not, either directly or indirectly, separately or in
association with others use the Company’s confidential information or trade secrets to interfere with, 

  
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impair, disrupt or damage the Company’s relationship or existing or potential business with any of its customers or actual or potential partners, either by soliciting or encouraging others
to solicit any of them for the purpose of diverting or taking away business from the Company. Additionally, notwithstanding any other provision of this Agreement, including the Company Confidentiality and Proprietary Rights Agreement incorporated
herein by reference, Executive agrees that during her employment and for a period of one (1) year after the termination of her employment, Executive will not, either directly or indirectly, separately or in association with others:
(a) interfere with, impair, disrupt or damage the Company’s relationship with any of its customers or customer prospects by soliciting or encouraging others to solicit any of them for the purpose of diverting or taking away business from
the Company; or (b) interfere with, impair, disrupt or damage the Company’s business by soliciting, encouraging or attempting to hire any of the Company’s employees or causing others to solicit or encourage any of the Company’s
employees to discontinue their employment with the Company. 
 6.          Remedies;
Injunctive Relief.  The parties acknowledge that a breach of the covenants contained in Sections 3, 4 and 5 would cause irreparable injury and agree that in the event of any such breach, the nonbreaching party shall be entitled to seek
temporary, preliminary and permanent injunctive relief, as specified under Section 1281.8 of the California Code of Civil Procedure, without the necessity of proving actual damages or posting any bond or other security. In addition, the Company
shall be entitled to cease all severance payments to Executive in the event of her breach of Section 3, 4 or 5. 

7.          Agreement to Arbitrate.  Any dispute, claim or controversy
based on, arising out of or relating to Executive’s employment or this Agreement shall be settled by final and binding arbitration in San Diego, California, before a single neutral arbitrator in accordance with the National Rules for the
Resolution of Employment Disputes (the “Rules”) of the American Arbitration Association, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction. Arbitration may be compelled pursuant to the
California Arbitration Act (Code of Civil Procedure §§ 1280 et seq.). If the parties are unable to agree upon an arbitrator, one shall be appointed by the AAA in accordance with its Rules. Each party shall pay the fees of its
own attorneys, the expenses of its witnesses and all other expenses connected with presenting its case; however, Executive and the Company agree that, to the extent permitted by law, the arbitrator may, in his or her discretion, award
reasonable attorneys’ fees to the prevailing party. Other costs of the arbitration, including the cost of any record or transcripts of the arbitration, AAA’s administrative fees, the fee of the arbitrator, and all other fees and costs,
shall be borne by the Company. This Section 7 is intended to be the exclusive method for resolving any and all claims by the parties against each other for payment of damages under this Agreement or relating to Executive’s employment;
provided, however, that neither this Agreement nor the submission to arbitration shall limit the parties’ right to seek provisional relief, including without limitation injunctive relief, in any court of competent jurisdiction pursuant to
California Code of Civil Procedure § 1281.8 or any similar statute of an applicable jurisdiction. Seeking any such relief shall not be deemed to be a waiver of such party’s right to compel arbitration. Both Executive and the Company
expressly waive their right to a jury trial. 
 8.          At-Will Employment
Relationship.  Executive’s employment with the Company is at-will and not for any specified period and may be terminated at any time, with or without Cause or advance notice, by either Executive or the Company. In addition, the
Company reserves the right to modify Executive’s position or duties to meet business needs and to use discretion in deciding on appropriate discipline. No representative of the Company, other than an authorized representative of the Board, has
the authority to alter the at-will employment relationship. Any change to the at-will employment relationship must be by specific, written agreement signed by Executive and an authorized representative of the Company. Nothing in this Agreement is
intended to or should be construed to contradict, modify or alter this at-will relationship. If Executive’s employment with the Company terminates for any reason. Executive shall not be entitled to any payments, benefits, damages, awards or
compensation other than as provided in this Agreement. 

  
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 9.          General Provisions. 

9.1        Successors and Assigns.  The rights of the Company under this Agreement
may, without the consent of Executive, be assigned by the Company, in its sole and unfettered discretion, to any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly,
acquires all or substantially all of the assets or business of the Company. The Company will require any successor (whether direct or indirect, by purchase, merger or otherwise) to all or substantially all of the business or assets of the Company
expressly to assume and to agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place; provided, however, that no such assumption
shall relieve the Company of its obligations hereunder. As used in this Agreement, the “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to
perform this Agreement by operation of law or otherwise. Executive shall not be entitled to assign any of Executive’s rights or obligations under this Agreement. This Agreement shall inure to the benefit of and be enforceable by
Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Executive should die while any amount is at such time payable to him or her hereunder, all such amounts, unless
otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Executive’s devisee, legatee, or other designee or, if there be no such designee, to her estate. 

9.2        Waiver.  Either party’s failure to enforce any provision of this
Agreement shall not in any way be construed as a waiver of any such provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement. 

9.3        Attorneys’ Fees.  Each side will bear its own attorneys’ fees
in any dispute unless a statutory section at issue, if any, authorizes the award of attorneys’ fees to the prevailing party. 

9.4        Severability.  In the event any provision of this Agreement is found to
be unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the
benefit contemplated herein to the fullest extent permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of
the remaining provisions shall not be affected thereby. 
 9.5        Interpretation;
Construction.  The headings set forth in this Agreement are for convenience only and shall not be used in interpreting this Agreement. This Agreement has been drafted by legal counsel representing the Company, but Executive has
participated in the negotiation of its terms. Furthermore, Executive acknowledges that Executive has had an opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of
construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement. 

9.6        Governing Law.  This Agreement will be governed by and construed in
accordance with the laws of the United States and the State of California. Each party consents to the jurisdiction and venue of the state or federal courts in San Diego, California, if applicable, in any action, suit, or proceeding arising out of or
relating to this Agreement. 
 9.7        Notices.  Any notice required or
permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given as indicated: (a) by personal delivery when delivered personally; (b) by overnight courier upon written verification of receipt; (c
) by telecopy or 

  
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facsimile transmission upon acknowledgment of receipt of electronic transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall
be sent to Executive at the address set forth below and to the Company at its principal place of business, or such other address as either party may specify in writing. 

9.8          Survival.  Sections 1 (“Severance”), 4
(“Confidentiality and Proprietary Rights”), 5(“Non-Interference and Nonsolicitation”), 6 (“Remedies; Injunctive Relief”), 7 (“Agreement to Arbitrate”) and 9 (“General Provisions”) of this Agreement
shall survive termination of Executive’s employment by the Company. 

9.9          Entire Agreement.  This Agreement, the Company
Confidentiality and Proprietary Rights Agreement incorporated herein by reference and the Stock Option Agreement(s) referenced in Section 2 of this Agreement, together constitute the entire agreement between the parties relating to this subject
matter and supersedes all prior or simultaneous representations, discussions, negotiations, and agreements, whether written or oral. This Agreement may be amended or modified only with the written consent of Executive and an authorized
representative of the Company. No oral waiver, amendment or modification will be effective under any circumstances whatsoever. 

9.10        Code Section 409A Exempt.  The compensation and benefits payable
under this Agreement, including without limitation the severance benefits described in Section 4, are not intended to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code. To the extent
applicable, this Agreement shall be interpreted in accordance with Code Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder. If the Company and Executive determine that any compensation or
benefits payable under this Agreement may be or become subject to Code Section 409A and related Department of Treasury guidance, the Company and Executive agree to amend this Agreement or adopt other policies or procedures (including
amendments, policies and procedures with retroactive effect), or take such other actions as the Company and Executive deem necessary or appropriate to (a) exempt the compensation and benefits payable under this Agreement from Code
Section 409A and/or preserve the intended tax treatment of the compensation and benefits provided with respect to this Agreement, or (b) comply with the requirements of Code Section 409A and related Department of Treasury guidance.

 9.11        Counterparts.  This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
 (Signature
Page Follows) 

  
 10 








 THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND
EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 
  

																			
		 		 		 	CRIS CALSADA	 	
					
	Dated: 	 	 	 		 	/s/ Cris Calsada	 	
										
		 		 		 		 		 		 		 	Address: 	 	 	 	
		 		 		 		 		 		 		 		 	 	 	
				
		 		 		 	AMBRX, INC.
						
	Dated: 	 	 	 		 	By:	 	        /s/ Stephen W. Kaldor	 	
		 		 		 	Name:	 	 	 	 	 	
		 		 		 	Title:	 	 	 	 	 	 	 	


  
 11 








 EXHIBIT A 

GENERAL RELEASE OF CLAIMS 

This General Release of Claims (“Release”) is entered into as of this
           day of                 ,         , between Cris
Calsada (“Executive”), and Ambrx, Inc., a Delaware corporation (the “Company”) (collectively referred to herein as the “Parties”). 

WHEREAS, Executive and the Company are parties to that certain Severance and Change in Control Agreement dated as of
                , 2007 (the “Agreement”); 

WHEREAS, the Parties agree that Executive is entitled to certain severance benefits under the Agreement, subject to Executive’s execution
of this Release; and 
 WHEREAS, the Company and Executive now wish to fully and finally to resolve all matters between them. 

NOW, THEREFORE, in consideration of, and subject to, the severance benefits payable to Executive pursuant to the Agreement, the adequacy of
which is hereby acknowledged by Executive, and which Executive acknowledges that she would not otherwise be entitled to receive, Executive and the Company hereby agree as follows: 

1.          General Release of Claims by Executive. 

(a)          Executive, on behalf of herself and her executors, heirs, administrators,
representatives and assigns, hereby agrees to release and forever discharge the Company and all predecessors, successors and their respective parent corporations, affiliates, related, and/or subsidiary entities, and all of their past and present
investors, directors, shareholders, officers, general or limited partners, employees, attorneys, agents and representatives, and the employee benefit plans in which Executive is or has been a participant by virtue of her employment with or service
to the Company (collectively, the “Company Releasees”), from any and all claims, debts, demands, accounts, judgments, rights, causes of action, equitable relief, damages, costs, charges, complaints, obligations, promises, agreements,
controversies, suits, expenses, compensation, responsibility and liability of every kind and character whatsoever (including attorneys’ fees and costs), whether in law or equity, known or unknown, asserted or unasserted, suspected or
unsuspected (collectively, “Claims”), which Executive has or may have had against such entities based on any events or circumstances arising or occurring on or prior to the date hereof or on or prior to the date hereof, arising directly or
indirectly out of, relating to, or in any other way involving in any manner whatsoever Executive’s employment by or service to the Company or the termination thereof, including any and all claims arising under federal, state, or local laws
relating to employment, including without limitation claims of wrongful discharge, breach of express or implied contract, fraud, misrepresentation, defamation, or liability in tort, and claims of any kind that may be brought in any court or
administrative agency including, without limitation, claims under Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. Section 2000, et seq.; the Americans with Disabilities Act, as amended. 42 U.S.C. § 12101
et seq.; the Rehabilitation Act of 1973, as amended, 29 U.S.C. § 701 et seq.; the Civil Rights Act of 1866, and the Civil Rights Act of 1991; 42 U.S.C. Section 1981, et seq.; the Age Discrimination
in Employment Act, as amended, 29 U.S.C. Section 621, et seq. (the “ADEA”); the Equal Pay Act, as amended, 29 U.S.C. Section 206(d); regulations of the Office of Federal Contract Compliance, 41 C.F.R.
Section 60, et seq.; the Family and Medical Leave Act, as amended, 29 U.S.C. § 2601 et seq.; the Fair Labor Standards Act of 1938, as amended, 29 U.S.C. § 201 et seq.; the Employee Retirement
Income Security Act, as amended, 29 U.S.C. § 1001 et seq.; and the California Fair Employment and Housing Act, California Government Code Section 12940, et seq. 

  
 A-1 








 Notwithstanding the generality of the foregoing, Executive does not release the following claims:

 (i)          Claims for unemployment compensation or any state
disability insurance benefits pursuant to the terms of applicable state law; 

(ii)         Claims for workers’ compensation insurance benefits under the
terms of any worker’s compensation insurance policy or fund of the Company; 

(iii)        Claims pursuant to the terms and conditions of the federal law known as
COBRA; 
 (iv)        Claims for indemnity under the bylaws of the Company, as
provided for by Delaware law or under any applicable insurance policy with respect to Executive’s liability as an employee, director or officer of the Company; 

(v)         Claims based on any right Executive may have to enforce the
Company’s executory obligations under the Agreement; and 
 (vi)        Claims
Executive may have to vested or earned compensation and benefits. 

(b)          EXECUTIVE ACKNOWLEDGES THAT SHE HAS BEEN ADVISED OF AND IS FAMILIAR WITH THE
PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

BEING AWARE OF SAID CODE SECTION, EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS SHE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR
COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 
 (c)          Executive acknowledges that this
Release was presented to him or her on the date indicated above and that Executive is entitled to have twenty-one (21) days’ time in which to consider it. Executive further acknowledges that the Company has advised him or her that she is
waiving her rights under the ADEA, and that Executive may obtain advice concerning this Release from an attorney of her choice, and Executive has had sufficient time to consider the terms of this Release. Executive represents and acknowledges that
if Executive executes this Release before twenty-one (21) days have elapsed, Executive does so knowingly, voluntarily, and upon the advice and with the approval of Executive’s legal counsel (if any), and that Executive voluntarily waives
any remaining consideration period. 
 (d)          Executive understands that after
executing this Release, Executive has the right to revoke it within seven (7) days after her execution of it. Executive understands that this Release will not become effective and enforceable unless the seven (7) day revocation period passes and
Executive does not revoke the Release in writing. Executive understands that this Release may not be revoked after the seven (7) day revocation period has passed. Executive also understands that any revocation of this Release must be made in writing
and delivered to the Company at its principal place of business within the seven (7) day period. 

  
 A-2 








 (e)          Executive understands that this
Release shall become effective, irrevocable, and binding upon Executive on the eighth (8th) day after my execution of it, so long as Executive has not revoked it within the time period and in
the manner specified in clause (d) above. Executive further understands that Executive will not be given any severance benefits under the Agreement until the effective date of this Release. 

2.          No Assignment.  Executive represents and warrants to the
Company Releasees that there has been no assignment or other transfer of any interest in any Claim that Executive may have against the Company Releasees, or any of them. Executive agrees to indemnify and hold harmless the Company Releasees from any
liability, claims, demands, damages, costs, expenses and attorneys’ fees incurred as a result of any such assignment or transfer from Executive. 

3.          Paragraph Headings.  The headings of the several paragraphs in
this Release are inserted solely for the convenience of the Parties and are not a part of and are not intended to govern, limit or aid in the construction of any term or provision hereof. 

4.          Severability.  The invalidity or unenforceability of any
provision of this Release shall not affect the validity or enforceability of any other provision of this Release, which shall remain in full force and effect. 

5.          Governing Law and Venue.  This Release is to be governed by and
construed in accordance with the laws of the State of California applicable to contracts made and to be performed wholly within such State, and without regard to the conflicts of laws principles thereof. Any suit brought hereon shall be brought in
the state or federal courts sitting in San Diego, California, the Parties hereby waiving any claim or defense that such forum is not convenient or proper. Each party hereby agrees that any such court shall have in personam jurisdiction over it and
consents to service of process in any manner authorized by California law. 

6.          Counterparts.  This Release may be executed in several
counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. 

7.          Construction.  The language in all parts of this Release shall
in all cases be construed simply, according to its fair meaning, and not strictly for or against any of the parties hereto. Without limitation, there shall be no presumption against any party on the ground that such party was responsible for
drafting this Release or any part thereof. 
 8.          Entire
Agreement.  This Release and the Agreement set forth the entire agreement of the Parties in respect of the subject matter contained herein and therein and supersede all prior agreements, promises, covenants, arrangements,
communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party hereto, and any prior agreement of the Parties in respect of the subject matter contained herein. 

9.          Amendment.  No provision of this Release may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by Executive and such officer of the Company as may be specifically designated by the Board. 

10.        Understanding and Authority.  The Parties understand and agree that all
terms of this Release are contractual and are not a mere recital, and represent and warrant that they are competent to 

  
 A-3 








 
covenant and agree as herein provided. The Parties have carefully read this Release in its entirety; fully understand and agree to its terms and provisions; and intend and agree that it is final
and binding on all Parties. 
 (Signature Page Follows) 

  
 A-4 








 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed the foregoing
Release as of the date first written above. 
  
  

											
	EXECUTIVE	 		 	AMBRX, INC.
					
	 	 		 	By:	 	 	 	 
					
	Print Name:	 	 	 		 	Print Name:	 	 
						
		 		 		 	Title: 	 	 	 	 


  
 A-5 








 EXHIBIT B 

COMPANY CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT 

 
 [Attached] 







 AMBRX, INC. 

CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT 
  

1.          Definitions. 

1.1        “Company” means Ambrx, Inc., a Delaware corporation. 

1.2        “Party” means the person signing this Agreement, who is an employee of
Company. 
 1.3        “Invention” means inventions, discoveries, developments,
concepts, and ideas, whether patentable, copyrightable or otherwise registrable, including but not limited to assays, targets, receptors, mask works, trademarks, trade names, logos, Internet domain names, URLs, service marks, processes, designs,
techniques, data, formulas, formulations, know-how, improvements, research results, methods, formulas, techniques, devices, designs, programs (including computer programs), computer graphics, sources and object codes, other works of authorship,
organisms, plasmids, expression vectors, cell lines, chemical, biological and other material and their progeny, clones and derivatives, including but not limited to all genetically-engineered plants and animals, plans and designs for testing and
clinical trials, apparatus, products, as well as improvements thereof or know-how related thereto, relating to (i) any past or present business or activities of Company, or (ii) any reasonably anticipated business or activities of Company,
so long as such anticipated business or activities were communicated to or known to Party during his or her employment with Company. 

1.4        “Trade Secret” means, without limitation, any document or information
relating to the Company’s plans for research, development, manufacturing, engineering, new products, marketing and selling, business plans, proposed research or business affiliations, joint ventures or other collaborative or business
relationships, budgets and unpublished financial statements, licenses, prices and costs, supplier and customer information, and information regarding the skills and compensation of other employees of the Company, which documents or information have
been disclosed to Party or known to Party as a consequence of or through Party’s employment by Company (including documents, information or Inventions conceived, originated, discovered or developed by Party), which is not generally known in the
relevant trade or industry. The covenants of Sections 4 through 6 hereof shall terminate as to any Trade Secret which becomes known in the relevant trade or industry through no fault of Party. 

2.          Purpose.  In recognition of the need for Company to protect its
proprietary rights, and in consideration of the employment benefits to Party, and to memorialize and implement the previously existing oral agreements and implied agreement between Party and Company, this Agreement is being signed by Party. 

3.          Inventions. 

3.1        Disclosure.  Except for items excluded pursuant to Section 3.3,
Party shall disclose promptly to Company each Invention, whether or not reduced to practice, which is conceived or learned by Party (either alone or jointly with others) during the term of his or her employment with Company. Following any
termination of employment, Party shall promptly disclose in writing to Company any such Invention for which a written disclosure had not been given previously. 

  
 B-1 








 3.2        Company Property;
Assignment.  Except for items excluded pursuant to Section 3.3, Party acknowledges and agrees that all Inventions which are discovered, conceived, developed, made, produced or prepared by Party (alone or in conjunction with
others) during the duration of Party’s employment with Company shall be the sole properly of Company. Said property rights of Company include without limitation all domestic and foreign patent rights, rights of registration or other protection
under the patent and copyright laws, and all other rights pertaining to the Inventions. Party further agrees that all services, products and Inventions that directly or indirectly result from engagement with Company shall be deemed “works for
hire” as that term is defined in Title 17 of the United States Codes and accordingly all rights associated therewith shall vest in the Company. Notwithstanding the foregoing, Party hereby assigns to Company all of Party’s right, title and
interest in any such services, products and Inventions, in the event any such services, products and Inventions shall be determined not to constitute “works for hire.” To the extent any of the rights, title and interest to such services,
products and Inventions cannot be assigned to Company, Party hereby grants to Company an exclusive, royalty-free, fully paid-up, transferable, irrevocable, worldwide license (with the right authorize and grant sublicenses through multiple tiers of
sublicensees) to practice all applicable patent, copyright, trade secret or other proprietary or intellectual property rights relating to any such services, products or Inventions. 

3.3        Exclusion Notice.  Party has identified on Exhibit “A” attached
hereto all Inventions, applicable to the business of Company or relating in any way to Company’s business or demonstrably anticipated research and development or business, which were conceived, reduced to practice, created, derived, developed,
or made by Party prior to Party’s employment with Company (collectively, the “Prior Inventions”), and Party hereby represents that such list is complete. The assignment by Party of Inventions under this Agreement does not apply to
Prior Inventions made by Party. If there is no such list on Exhibit “A”, Party represents that Party has neither conceived, reduced to practice, created, derived, developed, or made any such Prior Inventions at the time of signing this
Agreement. Additionally, Party is not required to assign an idea or invention where the invention or idea meets all of the following criteria, namely that the invention or idea: (i) was created or conceived without the use of any of
Company’s equipment, supplies, facilities, or trade secret information, and (ii) was developed entirely on Party’s own time, and (iii) does not relate to the business of Company, and (iv) does not relate to Company’s
actual or demonstrably anticipated business, research or development, and (v) does not result from any work performed by Party for Company. 

3.4        Patents and Copyrights: Attorney-in-Fact.  Both before and after
termination of this Agreement (and with reasonable compensation to be paid by Company to Party for any activities after termination), Party agrees to assist Company to apply for, obtain and enforce patents on, and to apply for, obtain and enforce
copyright protection and registration of, the Inventions described in Section 3.2 in any and all countries. To that end, Party shall (at Company’s request and expense) without limitation, testify in any proceeding, and execute any
documents and assignments determined to be necessary or convenient for use in applying for, obtaining, registering and enforcing patent or copyright protection involving any of the Inventions. If Party is no longer employed by Company at the time
when Party’s assistance is needed, then Party and Company will cooperate to minimize any adverse impact on Party’s new employment, to the extent reasonably feasible. Party hereby irrevocably appoints Company, and its duly authorized
officers and agents, as Party’s agent and attorney-in-fact to act for and in behalf of Party in filing all patent applications, applications for copyright protection and registration, amendments, renewals, and all other appropriate documents in
any way related to the Inventions described in Section 3.2. 
 3.5        Maintenance of
Records.  Party agrees to keep and maintain adequate and current written records of all Inventions made by Party (solely or jointly with others) during the term of employment with Company. The Records will be in the form of notes,
sketches, drawings, and any other format that may be specified by Company. The records shall be maintained solely on the Company premises and shall be available to and remain the sole property of Company at all times. 

  
 B-2 








 4.          Trade Secrets. 

4.1        Acknowledgment of Proprietary Interest.  Party recognizes the proprietary
interest of Company in any Trade Secrets of Company, Party acknowledges and agrees that any and all Trade Secrets of Company shall be and are the property of Company, including without limitation, any such Trade Secrets which may be developed by
Party while Party remains employed by Company. 
 4.2        Covenant Not to Divulge Trade
Secrets.  Party acknowledges and agrees that Company is entitled to prevent the disclosure of Trade Secrets of Company. As a portion of the consideration for the employment of Party and for the compensation being paid to Party by
Company, Party agrees at all times during the term of the employment by Company and thereafter that Party will hold in strictest confidence, and not use, disclose, allow others to use, or allow to be disclosed to any person, organization, or
corporation, Trade Secrets of Company, including Trade Secrets developed by Party, other than disclosures to persons engaged by Company to further the business of Company, and other than use in the pursuit of the business of Company. 

4.3        Confidential Information of Others.  Party represents and warrants that
if Party has any confidential information belonging to others, Party will not knowingly use or disclose to Company any such information or documents, Party represents that, to the best of his or her knowledge, his or her employment with Company and
performance under this Agreement will not require Party to violate any obligation to or confidence with any other party. To the extent that Company receives from third parties their confidential or proprietary information subject to a duty on
Company to maintain the confidentiality of such information and to use it only for certain limited purposes, Party hereby agrees to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any
person, firm or corporation or to use it except as necessary in carrying out Party’s work for Company consistent with Company’s agreement with such third party. 

5.          No Adverse Use.  Party will not at any time during the term of
employment or thereafter use Company’s Trade Secrets or Inventions in any manner which may directly or indirectly have an adverse effect upon Company’s business, nor will Party perform any acts which would tend to reduce Company’s
proprietary value in Company’s Trade Secrets or Inventions. In addition, following any termination of Party’s employment, Party shall not engage, directly or indirectly, for the benefit of any other organization or Company, in any activity
or employment in the performance of which any of Company’s Trade Secrets obtained by Party during the course of his or her employment with Company would inevitably be used. These covenants shall not limit in any way Party’s obligation not
to use or disclose Company’s Trade Secrets as set forth in Section 4.2 above. 

6.          Return of Materials at Termination.  In the event of any
termination of Party’s employment, Party will promptly deliver to Company all materials (including, but not limited to, documents, drawings, models, apparatus, sketches, designs, laboratory notebooks, chemical and biological reagents (i.e.,
cell lines, vectors, plasmids and the like)), property, documents, data, and other information belonging to Company or pertaining to Trade Secrets or Inventions. Party shall not take any materials, property, documents or other information, or any
reproduction or excerpt thereof, belonging to Company or containing or pertaining to any Trade Secrets or Inventions. Upon termination of Party’s employment with Company, or at any time on the request of Company prior to termination, Party will
promptly (but no later than five days after the earlier of Party’s termination of employment or Company’s request) destroy or deliver to Company, at Company’s option (a) all materials furnished to Party by Company, (b) all
tangible media of expression which are in Party’s possession and which incorporate any 

  
 B-3 








 
Inventions or Trade Secrets or otherwise relate to the business of the Company and (c) written certification of Party’s compliance with his or her obligations under this Section in the
form attached hereto as Exhibit “B”. 
 7.          No Conflict of Interest
During Employment.  For the duration of the employment relationship (and any consulting relationship), Party agrees to not pursue any activities, directly or indirectly, that creates a conflict of interest with Company, including but
not limited to competing with the existing or planned business of Company. 

8.          Remedies Upon Breach.  In the event of a breach by either party
of the provisions in this Agreement, the nonbreaching party shall be entitled, if it so elects, to obtain injunctive relief as specified by California Civil Procedure Code section 1281.8, to enjoin the breaching party from violating any of the terms
of this Agreement, or to enforce the specific performance by the breaching party of any of the terms of this Agreement, but nothing herein contained shall be construed to prevent such remedy or combination of remedies as the nonbreaching party may
elect to invoke or pursue. The failure of either party to promptly institute legal action upon any breach of this Agreement shall not constitute a waiver of that or any other breach hereof. 

9.          Exception.  Notwithstanding the foregoing, if Party is required
by a binding court or governmental order to disclose specified information, and Company has been given reasonable advance written notice thereof to enable Company to oppose the same, then Party may make such limited disclosures as are necessary to
comply with said order. 
 10.        Applicable Provisions.  The undersigned Party
acknowledges and agrees that the foregoing provisions were understood and agreed to be applicable from the outset of Party’s association with Company, and that the foregoing provisions shall remain applicable for the duration of his or her
employment with Company, and thereafter to the extent applicable as set forth above. 

11.        No Solicitation.  Due to the confidential and proprietary nature of the
Inventions and Trade Secret to which Party has been exposed, or which Party will learn or be exposed to, while at Company, Party agrees that during the term of his or her employment with Company and for a period of two (2) years thereafter,
Party will not: (a) solicit, encourage, or cause others to solicit or encourage any employee of Company to terminate his or her employment with Company; or (b) interfere with, disrupt or impair, or cause others to interfere with, disrupt
or impair any of Company’s collaborations, business relationships or strategic partnerships with any third parties. 

12.        General Provisions. 

12.1    Entire Agreement.  This Agreement constitutes the entire agreement between the parties with
respect to its subject matter. This Agreement supersedes all prior or contemporaneous agreements or understandings, whether oral or written, on the same subjects, and this agreement cannot be modified unless such modification is in writing and
signed by me and by an authorized representative of the Company. 
 12.2    Severability.  In the
event any provision of this Agreement is found unenforceable by an arbitrator or court of competent jurisdiction, that provision will be deemed modified to the extent necessary to allow enforceability of the provision as so limited. 

12.3    Applicable Law; Jurisdiction.  This Agreement will be interpreted, construed and enforced under
the laws of the State of California. Each of the parties irrevocably consents to the exclusive personal jurisdiction of the federal and state courts located in California, as applicable, for the resolution of any matter arising out of or relating to
this Agreement. 

  
 B-4 








 I certify and acknowledge that I have carefully read all of the provisions of this Agreement and
that I understand and will fully and faithfully comply with such provisions. 
  
  

													
	DATED:	 	____________________	 		 	  
	 	
		 		 		 	Party’s Signature	 	
					
		 		 		 	  
	 	
		 		 		 	Party’s Name (Print)	 	
					
		 		 		 	AMBRX, INC.	 	
							
	DATED:	 	____________________	 		 	By:	 	 	 		 	
						
		 		 		 	  
	 		 	


  
 B-5 








 EXHIBIT A 

Inventions Owned by Party Prior to 

Commencement of Employment 
 (Attach
and sign additional sheets if necessary 
  
  

 
  

									
	DATED:	 	____________________	 		 	  
	 	
		 		 		 	Party’s Signature	 	
					
		 		 		 	  
	 	
		 		 		 	Party’s Name (Print)	 	


  
 B-6 








 EXHIBIT B 

TERMINATION CERTIFICATION 
 This
is to certify that I do not have in my possession, nor have I failed to return, any research materials or papers, laboratory notebooks, software programs, financial information, business or market information that falls within the definition of
“Trade Secret” in the Confidentiality and Proprietary Rights Agreement (the “Agreement”) between me and Ambrx, Inc. (“Ambrx”); or any reproductions or copies of the aforementioned items belonging to Ambrx. 

I further certify that I have complied with all the terms of the Agreement, including the provisions regarding the disclosure of Inventions
and the return of materials, property or Trade Secrets. 
 I further acknowledge and agree that, in compliance with the Agreement, I will
keep in confidence and trust all proprietary or confidential information, including but not limited to all Inventions and Trade Secrets, and I will not disclose or use the same without the prior written consent of Ambrx. 

I acknowledge that I have carefully read all of the provisions of this certification and that I understand and will fully and faithfully
comply with such provisions. 
  
  

									
	DATED:	 	____________________	 		 	  
	 	
		 		 		 	Party’s Signature	 	
					
		 		 		 	  
	 	
		 		 		 	Party’s Name (Print)	 	

  
 [Not to be completed until termination
of employment] 

  
 B-7