Document:

exhibit10_29d.htm

    
      

    

    Exhibit
      10.29(d)

     

     

    THIRD
      AMENDMENT

     

     

               
      This Third Amendment is dated as of July 19, 2007 by and between The Vail
      Corporation (d/b/a Vail Associates, Inc.) (“VA”) and William A. Jensen
      (“Executive”). 

     

     

    RECITALS

     

     

               
      A.        VA and Executive are parties to
      that certain Employment Agreement, dated as of May 1, 1997, as amended by the
      First Amendment, dated as of August 1, 1999, and the Second Amendment, dated
      as
      of July 22, 1999 (collectively “Employment Agreement”), whereby Executive agreed
      to render certain services and serve in the employ of VA under the terms and
      conditions provided for in the Employment Agreement; and

     

     

               
      B.         VA and Executive wish to
      amend certain terms and conditions of the Employment Agreement as hereinafter
      provided.  All terms not defined herein shall have the meaning given in the
      Employment Agreement.

     

     

    COVENANTS

     

     

               
      NOW THEREFORE, the parties agree hereto as follows:

     

     

            
      1.         Section 2(g) is hereby
      amended to add the following language as a new paragraph after the fifth full
      paragraph of Section 2(g):

     

     

    “Notwithstanding
      the foregoing,
      Executive shall have the right to purchase VA’s interest in the Residence at any
      time during the term of the Employment Agreement by providing VA notice of
      such
      intent to purchase.  Upon closing of the purchase of VA’s interest in
      the Residence by Executive, VA shall be entitled to receive its proportionate
      share of the appraised price, net of actual normal and customary closing costs
      incurred in connection with such purchase (e.g. title insurance premiums,
      transfer taxes, etc.) and material home improvements, each in accordance with
      the terms set forth herein.”

     

     

              2.             This
      Third Amendment shall be binding upon Executive, his spouse as acknowledged
      and
      agreed below, and the heirs, estate and personal representatives of
      Executive.  This Third Amendment shall run with the Residence and shall
      survive the termination or expiration of the Employment Agreement.  This
      Third Amendment may be disclosed to all persons and entities as necessary to
      enforce its terms or as may be required by law, including without limitation
      proxy statements of VA’s parent company or otherwise, and VA, in its sole and
      absolute discretion, may record this Third Amendment in the office of the Clerk
      and Recorder of Eagle County, Colorado.

     

     

            
       3.              All
      other terms and conditions stated in the Employment Agreement shall remain
      in
      full force and effect.  To the extent there is any conflict between the
      terms of this Third Amendment and the terms of the Employment Agreement, the
      terms of this Third Amendment shall control. 

     

     

               
      IN WITNESS whereof, the parties have executed this Third Amendment as of the
      day
      first written above.

     

     

    EXECUTIVE:                                                           
      THE VAIL CORPORATION (d/b/a VAIL ASSOCIATES,
      INC.)

     

     

    /s/
      William A. Jensen______               By:  /s/
      Robert A.
      Katz                                  

     

    William
      A. Jensen                       Name:     Robert
      A.
      Katz                                                                           

                       Its:       CEO                                              

     

     

    

     

     

    ACKNOWLEDGED
      AND AGREEMENT BY CHERYL S. ARMSTRONG-JENSEN.

     

     

    I,
      Cheryl
      S. Armstrong-Jensen, acknowledge that although I am not a party to the
      Employment Agreement or this Third Amendment, I specifically agree that, in
      connection with any ownership interest that I may have or hereafter acquire
      in
      the Residence, I will be bound by the terms of this Third Amendment and agree
      to
      cooperate with VA and Executive such that the terms of this Third Amendment
      may
      be fully performed for the benefit of VA.

     

     

       /s/
      Cheryl S.
      Armstrong-Jensen                             
Date:     7/19/07                                 

     

     

    Cheryl
      S.
      Armstrong-JensenExhibit 10.13

(LOGO)                                                 Dah Sing Financial Centre
Dah Sing Bank                                          108 Gloucester Road,
                                                       Hong Kong

27th June, 2007

Private & Confidential

Concord Camera HK Ltd.
14/F ADP Pentagon Centre
98 Texaco Road
Tsuen Wan
N.T.

For kind attention of
Mr. Wong Kim Fai Paul

Dear Sirs,

Re: Banking Facilities

We have the pleasure to inform you that we will extend your banking facilities
for two months time with expiry date amended to 31st August, 2007. Your existing
facilities will be unchanged for these period. In the meantime, your facilities
is under general review and detailed facility letter will be issued immediately
to you upon approval of our review.

Yours faithfully,
For and on behalf of
Dah Sing Bank, Limited

/s/ Vincent M.T. Tsang
---------------------------
Authority Signature
Commercial Banking Division
VT/(3916)/hh

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
<S>         <C>              <C>                      <C>                       <C>                   <C>
Telephone:  2507 8866        Cable:  Dahsingbank      Telex: 74063 DSB HX       Fax: 2598 5052        Website: www.dahsing.com
</TABLE>Exhibit 10.14

(LOGO)                                                 Dah Sing Financial Centre
Dah Sing Bank                                          108 Gloucester Road,
                                                       Hong Kong

27th August, 2007

Private & Confidential

Concord Camera HK Ltd.
14/F ADP Pentagon Centre
98 Texaco Road
Tsuen Wan
N.T.

For kind attention of
Mr. Wong Kim Fai Paul

Dear Sirs,

Re: Banking Facilities

We have the pleasure to inform you that we will extend your banking facilities
for one month time with expiry date amended to 30th September, 2007. Your
existing facilities will be unchanged for these period. In the meantime, your
facilities is under general review and detailed facility letter will be issued
immediately to you upon approval of our review.

Yours faithfully,
For and on behalf of
Dah Sing Bank, Limited

/s/ Henry P.H. Lau
------------------
Authority Signature
Commercial Banking Division
VT/(3916)/hh

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
<S>         <C>              <C>                      <C>                       <C>                   <C>
Telephone:  2507 8866        Cable:  Dahsingbank      Telex: 74063 DSB HX       Fax: 2598 5052        Website: www.dahsing.com
</TABLE>Exhibit 10.73

(LOGO)                                                 Dah Sing Financial Centre
Dah Sing Bank                                          108 Gloucester Road,
                                                        Hong Kong

25th September, 2007

Private & Confidential

Concord Camera HK Ltd.
14/F ADP Pentagon Centre
98 Texaco Road
Tsuen Wan
N.T.

For kind attention of
Mr. Wong Kim Fai Paul

Dear Sirs,

Re:   Banking Facilities

We have the pleasure to inform you that we will extend your banking facilities
for another one-month time with expiry date amended to 31st October, 2007. Your
existing facilities will be unchanged for these period. In the meantime, your
facilities are under review and detailed facility letter will be issued
immediately to you upon approval of our review.

Yours faithfully,
For and on behalf of
Dah Sing Bank, Limited

      Henry P.H. Lau
---------------------------
Authority Signature
Commercial Banking Division
VT/(3916)/hh

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
<S>                     <C>                   <C>                    <C>               <C>
Telephone: 2507 8866    Cable: Dahsingbank    Telex: 74063 DSB HX    Fax: 2598 5052    Website: www.dahsing.com
</TABLE>exv10w13

 

Exhibit 10.13

SUBLICENSE AGREEMENT

     This Sublicense Agreement (“Sublicense Agreement”) is made and entered into and is effective
on November 13, 2006 (the “Effective Date”) by and between Bio-Rad Laboratories, Inc., a Delaware
company, and its Affiliates (“Bio-Rad”) and Ciphergen Biosystems, Inc. (“Ciphergen”). Bio-Rad and
Ciphergen may each be referred to herein individually as a “Party” or, collectively, as “Parties.”

RECITALS

     WHEREAS, Bio-Rad and Ciphergen have entered into an Asset Purchase Agreement dated August 14,
2006 (the “APA”), pursuant to which Bio-Rad is acquiring certain assets and liabilities of
Ciphergen related to the Business (as such term is defined below);

     WHEREAS, Pursuant to a Settlement Agreement among Ciphergen, MAS, LumiCyte and Hutchens
effective as of February 21, 2003 (the “Settlement Agreement”) Ciphergen obtained certain rights to
the Baylor Technology and the MAS Technology (as those terms are defined below); and

     WHEREAS, Bio-Rad is desirous of obtaining a sublicense of such technologies;

     NOW, THEREFORE, in consideration of the promises and the mutual covenants and agreements
hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties hereto agree as follows:

1. DEFINITIONS

     As used in this Sublicense Agreement, except where the context otherwise dictates, the
following capitalized terms shall have the following meanings:

     1.1 “Affiliate” shall have the meaning set forth in the Securities Exchange Act of 1934, as
amended, and the rules and regulations thereunder.

     1.2 “Adjusted Total Revenue” shall mean, with respect to a given period, total revenues of
Bio-Rad and its Affiliates as customarily recognized for financial reporting purposes in such
period, in accordance with GAAP to the extent attributable to the commercialization of Products
that incorporate the Licensed Technology.

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Sublicense Agreement between

Bio-Rad and Ciphergen

     1.3 “Baylor” shall mean the Baylor College of Medicine, a Texas non-profit corporation having
its principal place of business at One Baylor Plaza, Houston, Texas 77030.

     1.4 “Baylor Agreement” shall mean that certain Technology Transfer Agreement dated September
14, 1993, between MAS and Baylor.

     1.5 “Baylor Patent Rights” shall mean all U.S. patents or patent applications (including but
not limited to the Disclosure of Invention) listed on Schedule 1.2 of the Baylor Agreement and all
divisions, reissues re-examinations, renewals, continuations, continuations in-part, extensions and
patents issued thereon, and any and all other counterpart applications in any other countries and
patents and inventor’s certificates, utility models and the like issuing therefrom.

     1.6 “Baylor Technology” shall mean the Baylor Patent Rights and Improvements to the Baylor
Technology together with related know-how, information, processes, formulae, patterns,
compilations, programs, devices, methods, techniques, compounds, products, data, preparations and
usage information or materials and sources thereof, whether or not patentable, in each case that
relate to the Baylor Patent Rights and are included within desorption and ionization strategies for
the analysis of analytes and molecules and (A) have been developed in a laboratory at Baylor that
was under the direct supervision of Hutchens or Tai-Tung Yip (“Yip”) or (B) that otherwise have
been developed by Hutchens or Yip prior to September 14, 1993. The Baylor Technology includes, but
is not limited to, biological, medical, mechanical, chemical, engineering and other scientific and
practical information, drawings, specifications, notes, records, lab notebooks and other writings
or compilations of information.

     1.7 “Business” shall have the meaning given such term in the APA.

     1.8 “Ciphergen” shall mean Ciphergen Biosystems, Inc., a Delaware corporation.

     1.9 “Ciphergen Agreement” shall mean that certain Assignment Agreement among MAS, LumiCyte,
Hutchens and Ciphergen executed on May 28, 2003.

     1.10 “Ciphergen Exclusivity Period” shall mean a period of five (5) years after the Effective
Date.

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Sublicense Agreement between

Bio-Rad and Ciphergen

     1.11 “Clinical Diagnostics” shall mean, in the clinical medical practice, the assaying,
testing or determination of, inside or outside of a living human or animal, one or more biomarkers
in or on any test sample for the purpose of identifying, characterizing, defining or diagnosing a
disease state (including, without limitation, determining the state of health of a human or animal)
to identify, treat or prevent disease, as well as the screening, prognosis, therapeutic monitoring
and/or evaluation of the progression of any disease. For the avoidance of doubt, if an assay is
being performed on a living animal, or on animal tissue or other sample derived from a living
animal, for the purpose of food testing, such application shall not be considered a Clinical
Diagnostic.

     1.12 “Clinical Diagnostics Developer” shall mean any Laboratory within any entity (including
Ciphergen) engaged in the research and development and/or manufacture or sale of product, processes
or services for Clinical Diagnostics purposes.

     1.13 “Clinical Diagnostics Market” shall mean (1) Clinical Diagnostics Developers, (2)
Commercial Clinical Laboratories, (3) Collaborators, (4) home-users of Clinical Diagnostic assays,
and (5) physician’s office user of Clinical Diagnostic assays.

     1.14 “Collaborator” shall mean any Laboratory within any entity with whom Ciphergen has agreed
to collaborate, in writing and with prior written notification to Bio-Rad, in research and
development activities related to products, processes or services for Clinical Diagnostic purposes.
During the Ciphergen Exclusivity Period, the number of such Collaborators shall not increase by
more than 5 per year nor total more than 30, including collaborators existing as of the Effective
Date. Collaborators existing as of the Effective Date are identified on Schedule A of the Cross
License Agreement.

     1.15 “Commercial Clinical Laboratory” shall mean any clinical Laboratory (including, without
limitation, laboratories contained within a hospital, physician’s office or other similar treatment
center, e.g., urgent care centers, chronic care facilities and stand-alone Laboratories that
collect samples for purposes of testing) engaged in the sale of products, processes or services for
Clinical Diagnostic purposes.

     1.16 “Cross License Agreement” shall mean the Cross License Agreement between Ciphergen and
Bio-Rad, entered into at even date herewith.

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     1.17 “Excluded Field” shall mean making, having made, using, selling, offering for sale,
importing and otherwise commercially exploiting any products, processes and services (a) in the
field of Clinical Diagnostics into the Clinical Diagnostics Market, and (b) subject only to Section
2.3, for internal research, development, and commercialization related to products, processes, and
services in the field of Clinical Diagnostics into the Clinical Diagnostics Market, and including
internal research activities related to discovering biomarkers, developing diagnostic tests, and in
its capacity as a Clinical Diagnostics Developer or Commercial Clinical Laboratory,.

     1.18 “Exclusive License Agreement” shall mean that certain Exclusive License Agreement
effective as of February 21, 2003 between Ciphergen and MAS.

     1.19 “GAAP” shall mean the then-current applicable United States Generally Accepted Accounting
Principles consistently applied as recognized or accepted by the Financial Accounting Standards
Board.

     1.20 “Hutchens” shall mean T. William Hutchens, an individual.

     1.21 “Improvement” shall mean any change or modification to an invention disclosed in the
Baylor Patent Rights or comprising the Baylor Technology that, if unlicensed, would infringe one or
more claims of any issued patent included within the Baylor Patent Rights and made in a laboratory
at Baylor under the supervision of Hutchens and Yip during the four year period commencing on
September 14, 1993.

     1.22 “Laboratory” shall mean any laboratory equipped for scientific research and/or engaged in
the development, manufacture and/or sale of products, processes or services including, without
limitation, clinical reference laboratories.

     1.23 “Licensed Technology” shall mean, collectively, the Baylor Technology, any Improvement
and the MAS Technology.

     1.24 “LumiCyte” shall mean LumiCyte, Inc., a California corporation.

     1.25 “MAS” shall mean Molecular Analytical Systems, Inc., a Texas corporation.

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Sublicense Agreement between

Bio-Rad and Ciphergen

     1.26 “MAS Agreements” shall mean, collectively, the CTI Agreement, the IllumeSys Agreement,
the LumiCyte Agreement and the LumiGen Agreement, as referenced, amended and assigned pursuant to
Sections 2.1 through 2.4 of the Ciphergen Agreement.

     1.27 “MAS Technology” shall mean all inventions, know-how, information, processes, formulae,
patterns, compilations, programs, devices, methods, techniques, compounds, products, data,
preparations and usage information or materials and sources thereof, whether or not patentable,
which have been developed or otherwise acquired by MAS, including all rights licensed to Ciphergen
pursuant to the MAS Agreements, the Ciphergen Agreement and the Exclusive License Agreement, and
including any improvement which has been licensed to Ciphergen by MAS. MAS Technology shall not
include the Baylor Technology and Improvements.

     1.28 “Person” shall mean an individual, sole proprietorship, partnership; limited partnership,
corporation, limited liability company, trust, unincorporated association, or other similar entity
or organization, including a government or political subdivision, department or agency of a
government.

     1.29 “Products” shall mean any and all products of any kind whatsoever, including, but not
limited to, processes, machines, articles of manufacture, compositions of matter, instruments,
devices, consumables, components, services, information, and software.

     1.30 “Royalty Expiration Date” shall have the meaning as set forth in Section 2.4.

     1.31 “Third Party” shall mean any Person other than Ciphergen, Bio-Rad, and their Affiliates.

2. GRANT OF LICENSES AND ROYALTIES

     2.1 Baylor Technology. Ciphergen hereby grants to Bio-Rad a royalty-bearing,
irrevocable, worldwide sublicense, including the right to sublicense outside of the field of
Clinical Diagnostics, under the Baylor Technology to make, have made, use, sell, offer for sale,
import and otherwise commercially exploit any products, processes and services outside of the
Excluded Field. This license shall be exclusive to Bio-Rad, provided that Ciphergen shall retain
all rights in the Excluded Field (subject only to Section 2.3) during the Ciphergen Exclusivity
Period.

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Sublicense Agreement between

Bio-Rad and Ciphergen

          (a) Upon the expiration of the Ciphergen Exclusivity Period, such license shall also extend to
the Excluded Field, provided that it shall be co-exclusive between Ciphergen and Bio-Rad in the
Excluded Field, except that Bio-Rad shall have no right to sublicense the Baylor Technology in the
field of Clinical Diagnostics, except as may be required by its customers or end users.

          (b) The scope of this license shall not exceed the scope of rights granted from MAS and/or
LumiCyte to Ciphergen under the MAS Agreements, the Ciphergen Agreement, and the Exclusive License
Agreement.

     2.2 MAS Technology. Ciphergen hereby grants to Bio-Rad a royalty-bearing,
irrevocable, worldwide sublicense, including the right to sublicense outside of the field of
Clinical Diagnostics, under the MAS Technology to make, have made, use, sell, offer for sale,
import and otherwise commercially exploit any products, processes and services outside of the
Excluded Field. This license shall be exclusive to Bio-Rad, provided that Ciphergen shall retain
all rights in the Excluded Field (subject only to Section 2.3) during the Ciphergen Exclusivity
Period.

          (a) Upon the expiration of the Ciphergen Exclusivity Period, such license shall extend to the
Excluded Field, provided that it shall be co-exclusive between Ciphergen and Bio-Rad in the
Excluded Field, except that Bio-Rad shall have no right to sublicense the MAS Technology in the
field of Clinical Diagnostics, except as may be required by its customers or end users.

          (b) The scope of this license shall not exceed the scope of rights granted from MAS and/or
LumiCyte to Ciphergen under the MAS Agreements, the Ciphergen Agreement, and the Exclusive License
Agreement.

     2.3 Restrictions. Bio-Rad shall not sell products or services in the field of
Clinical Diagnostics into the Clinical Diagnostics Market that utilize the Baylor Technology or the
MAS Technology, nor enter into a collaboration, license, or other agreement with any third party to
sell any such products or services, for a period of 5 years after the Effective Date. In addition
to the above, Bio-Rad shall not sell products or services in the field of Clinical Diagnostics into
the Clinical Diagnostics Market that utilize any mass spectrometry technology, nor enter into a
collaboration,

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Bio-Rad and Ciphergen

license, or other agreement with any third party to sell any such products or services, for a
period of one (1) year after the Effective Date.

     2.4 Royalties. As consideration for the grant by Ciphergen of the rights set forth in
Sections 2.1 and 2.2 and other obligations and covenants of Ciphergen herein, Bio-Rad agrees to pay
Ciphergen (or, at Bio-Rad’s option, to pay MAS, in satisfaction of Ciphergen’s royalty obligations
to MAS under the Exclusive License Agreement) an amount equal to two percent (2%) of Adjusted Total
Revenue recognized between the Effective Date and the earlier of (i) February 21, 2013 and (ii) the
date on which the aggregate cumulative payments to MAS pursuant to this Agreement and Section 2.3
of the Exclusive License Agreement between Molecular Analytical Systems and Ciphergen (effective
February 21, 2003) have reached Ten Million Dollars ($10,000,000) (the earlier such date, the
“Royalty Expiration Date”). Ciphergen agrees that any royalties paid to Ciphergen under this
Agreement shall be paid within ten (10) business days to MAS.

     2.5 For the avoidance of confusion, it is understood that the Licensed Technology that is the
subject of this Sublicense Agreement is “otherwise licensed” under Section 2.2 of the Cross License
Agreement.

3. WARRANTIES AND REPRESENTATIONS

     3.1 Ciphergen. Ciphergen represents and warrants, after due inquiry by its directors
and officers, and covenants that:

          (a) The execution and delivery of this Sublicense Agreement has been duly authorized by any
necessary action on the part of Ciphergen;

          (b) It has the power and authority to execute and deliver this Sublicense Agreement and to
perform its obligations and grant the rights granted under this Sublicense Agreement;

          (c) As of the Effective Date, it is not a party to any agreement or arrangement with any
Person, or to any obligation or restriction, including pursuant to its Certificate of Incorporation
or Bylaws, which in any way limits or conflicts with its ability to fulfill any of its obligations
under this Sublicense Agreement;

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Sublicense Agreement between

Bio-Rad and Ciphergen

          (d) As of the Effective Date, it is the exclusive licensee under the Baylor Technology, the
MAS Technology or any Improvement, and it has the sole right to grant licenses and other rights
hereunder, and it has not granted any sublicenses or other rights under the Baylor Technology, the
MAS Technology or any Improvement to any Person that would conflict with the rights granted Bio-Rad
hereunder; or

          (e) As of the Effective Date, it is not aware of any action, suit, proceeding, or
investigation pending, or currently threatened against Ciphergen that questions the validity of
this Sublicense Agreement, the rights of Ciphergen to the Baylor Technology, any Improvement or the
MAS Technology, or its right to enter into and deliver this Sublicense Agreement, or to consummate
the transactions contemplated hereby.

     3.2 Bio-Rad. Bio-Rad represents and warrants, after due inquiry by its directors and
officers, and covenants that:

          (a) The execution and delivery of this Sublicense Agreement has been duly authorized by all
necessary action on the part of Bio-Rad;

          (b) It has the power and authority to execute and deliver this Sublicense Agreement and to
perform its obligations under this Sublicense Agreement;

          (c) As of the Effective Date, it is not a party to any agreement or arrangement with any
Person, or to any obligation or restriction, including pursuant to its Certificate of Incorporation
or Bylaws, which in any way limits or conflicts with its ability to fulfill any of its obligations
under this Sublicense Agreement; and

          (d) As of the Effective Date, it is not aware of any action, suit, proceeding, or
investigation pending, or currently threatened against Bio-Rad that questions the validity of this
Sublicense Agreement or its right to enter into and deliver this Sublicense Agreement, or to
consummate the transactions contemplated hereby.

     3.3 Disclaimer. WITHOUT LIMITING SECTIONS 3.1 EXCEPT AS EXPRESSLY SET FORTH IN THIS
AGREEMENT OR THE APA: (A) THE PROPRIETARY RIGHTS LICENSED BY CIPHERGEN TO BIO-RAD HEREUNDER ARE
PROVIDED “AS IS” AND WITHOUT

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Bio-Rad and Ciphergen

WARRANTY OF ANY KIND AND (B) CIPHERGEN MAKES NO, AND HEREBY DISCLAIMS, ALL OTHER WARRANTIES,
WHETHER EXPRESS, STATUTORY OR IMPLIED INCLUDING, WITHOUT LIMITATION, ALL WARRANTIES OF
NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

4. FINANCIAL STATEMENTS

     At the close of each calendar quarter through the Royalty Expiration Date, Bio-Rad shall
compute Adjusted Total Revenue for such calendar quarter, and the amounts due thereon pursuant to
Section 2.4 shall be paid to Ciphergen (or, at its option, MAS) within fifty-five (55) days after
the close of such quarter by mail to Ciphergen at 6611 Dumbarton Circle, Fremont, CA 94555 (or MAS,
101 First St., Suite 478, Los Altos, CA 94022, or such other address as Ciphergen (or MAS) may
notify to Bio-Rad. All amounts payable under this Sublicense Agreement shall be paid in United
States Dollars. With each royalty payment, Bio-Rad shall furnish to Ciphergen a written accounting
report for the closed quarter stating the Adjusted Total Revenue for such calendar quarter, the
amounts due to Ciphergen (or MAS) and the amounts already paid to Ciphergen (or MAS), together with
an officer’s certificate certifying the foregoing information. Bio-Rad agrees, for three (3) years
following a given calendar quarter, to maintain written records with respect to Adjusted Total
Revenue for such calendar quarter. Ciphergen agrees to keep strictly confidential all information
within or relating to the reports that Bio-Rad provides pursuant to this Article 4, which shall be
deemed “CBI Confidential Information” as defined in the Exclusive License Agreement. Ciphergen
further agrees not to use such confidential information for any purpose other than as set forth
herein.

5. PROTECTION OF PROPERTY RIGHTS

     5.1 Baylor Patent Rights. Ciphergen agrees to assign to Bio-Rad all rights and
responsibilities of Ciphergen under Section 5.4 of the Exclusive License Agreement, subject to the
consent of Baylor, which consent Ciphergen agrees to use its best efforts to obtain within forty
five (45) days of the Effective Date of this Agreement, other than with respect to prosecution of
patent re-examination number 90/007,449, which prosecution Ciphergen shall control as set forth in
Section 9.2 of the Cross License Agreement. In the event that consent of Baylor is obtained by
Ciphergen, any prosecution, maintenance, and enforcement of rights covered by the Baylor Patent
Rights shall

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Sublicense Agreement between

Bio-Rad and Ciphergen

be subject to Articles 8 and 9 of the Cross License Agreement. In the event that consent of
Baylor is not obtained by Ciphergen within forty five (45) days of the Effective Date, Bio-Rad will
have the irrevocable option, exercisable at any time during which this Agreement is in force and
effect, to control and direct Ciphergen’s prosecution and maintenance of the Baylor Patent Rights,
and the right to control and direct Ciphergen’s enforcement of the Baylor Patent Rights against
Third Parties at Bio-Rad’s own expense. Ciphergen hereby agrees to fully cooperate with Bio-Rad in
its request to enforce any of the Baylor Patent Rights. In the event that Ciphergen elects to
retain its own counsel in connection with such prosecution, maintenance, or enforcement, it shall
be solely at Ciphergen’s expense.

     5.2 Patents Covering MAS Technology. Prosecution, maintenance, and enforcement of
rights covered by the MAS Technology shall be subject to Articles 8 and 9 of the Cross License
Agreement.

     5.3 Cooperation. At Bio-Rad’s or its designee’s written request and expense,
Ciphergen hereby agrees to, and to cause its officers, directors, and employees to: (i) as
reasonable, execute documents necessary to, or typically filed in the ordinary course of or in
connection with, the filing, prosecution, maintenance, protection, interference proceedings,
opposition proceedings, or enforcement of patent and other intellectual property rights in and to
the Baylor Technology, any Improvement or the MAS Technology (e.g., powers of attorney,
declarations, affidavits, oaths or petitions); and (ii) be available for and testify (in court,
administrative hearing, deposition or otherwise) in connection with the filing, prosecution,
maintenance, protection, interference proceedings, opposition proceedings, or enforcement of patent
and other intellectual property rights in and to the Baylor Technology, any Improvement or the MAS
Technology in accordance with Sections 5.1 and 5.2, provided that Bio-Rad or its designee shall
reimburse Ciphergen for its expenses and at a reasonable hourly rate for such activities undertaken
at Bio-Rad’s or its designee’s request pursuant to this clause (ii).

6. DEFENSE ACTIONS

     Notwithstanding the terms of Section 10.4 of the APA, Bio-Rad (itself or through a designee)
shall have the sole right, but not the obligation, at its own expense, to defend and control

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Sublicense Agreement between

Bio-Rad and Ciphergen

the defense of any legal action by a Third Party alleging that the exercise by Bio-Rad of its
rights under the Licensed Technology infringes the rights of such Third Party.

7. TERM AND TERMINATION

     7.1 Expiration. This Sublicense Agreement will commence upon the Effective Date and
shall continue in full force and effect until expiration, revocation or invalidation of the last
patent or the abandonment of the last application within the Baylor Patent Rights or the MAS
Technology licensed hereunder, whichever is later.

     7.2 No Termination. Neither this Sublicense Agreement, nor any of the rights
expressly granted or agreed to herein is terminable by Ciphergen for any reason.

     7.3 Effects of Expiration. Expiration of this Sublicense Agreement (including
termination of this Sublicense Agreement by Bio-Rad) for any reason shall not release either Party
hereto from any liability that at the time of such expiration has already accrued to the other
Party. In the event of expiration, the licenses granted under Sections 2.1 and 2.2(a) shall
survive on an exclusive basis. In addition, the provisions of Section 7.3 and Articles 4 and 9
shall survive the expiration of this Sublicense Agreement. Except as otherwise provided in this
Section 7.3, all rights and obligations of the Parties under this Sublicense Agreement shall
terminate upon the expiration of this Sublicense Agreement.

8. ASSIGNMENT

     8.1 General. This Sublicense Agreement is assignable by Bio-Rad without the prior
written consent of Ciphergen, by Ciphergen with the permission of Bio-Rad, such permission not to
be unreasonably withheld and either party may assign to an entity that succeeds to all or
substantially all of the business or assets of such Party relating to this Sublicense Agreement
whether by sale, merger, operation of law or otherwise, provided that such assignee promptly agrees
in writing to be bound by the terms and conditions of this Sublicense Agreement.

     8.2 Effect. This Sublicense Agreement shall be binding upon and inure to the benefit
of successors and permitted assigns of the Parties. Any assignment not in accordance with this
Article 8 will be null and void.

-11-

 

Sublicense Agreement between

Bio-Rad and Ciphergen

9. MISCELLANEOUS

     9.1 Attorneys’ Fees and Costs. The Parties shall bear their own costs and attorneys’
fees incurred in negotiating and executing this Sublicense Agreement.

     9.2 Notice and Service. All notices or correspondence to be given pursuant to this
Sublicense Agreement or relating to this Sublicense Agreement shall be served at the following
addresses:

     All correspondence to Ciphergen shall be mailed to:

Ciphergen Biosystems, Inc.

Attn: President and CEO

6611 Dumbarton Circle

Fremont, CA 94555

(510) 505-2100 (tel.)

(510) 505-2101 (fax)

     With a copy to:

Wilson, Sonsini, Goodrich & Rosati

Attn: Michael J. O’Donnell, Esq.

650 Page Mill Road

Palo Alto, CA 94304-1050

(650) 493-9300 (tel.)

(650) 493-6811 (fax)

and

     All correspondence to Bio-Rad shall be mailed to:

Bio-Rad Laboratories, Inc.

1000 Alfred Nobel Drive

Hercules, CA 94547

Attention: General Counsel

(510) 741-1000 (tel)

(510) 741-5158 (fax)

     9.3 Governing Law. This Sublicense Agreement shall be governed by and construed in
accordance with the laws of the State of California, without reference to those provisions
governing conflicts of law.

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Sublicense Agreement between

Bio-Rad and Ciphergen

     9.4 Compliance with Laws. Each Party shall comply with all applicable federal, state
and local laws and regulations in connection with its activities pursuant to this Sublicense
Agreement.

     9.5 No Waiver. Failure of a Party to enforce a right under this Sublicense Agreement
shall not act as a waiver of that right or the ability to later assert that right relative to the
-particular situation involved.

     9.6 Severability. The provisions of this Sublicense Agreement are contractual, not
mere recitals, and shall be construed severably such that, if any provision or part thereof shall
at any time be prohibited by or invalid under applicable law, such provision or part shall remain
in force to the fullest extent allowed by law and all other provisions shall remain in full force
and effect.

     9.7 Counterparts. This Sublicense Agreement may be signed in any number of
counterparts, each of which shall be an original, but all of which together shall constitute one
instrument, and shall be binding and effective immediately upon the execution by all Parties of one
or more counterparts.

     9.8 Entire Agreement. This Sublicense Agreement, and the APA, together with the
Exhibits and Schedules to all of the foregoing, constitute and contain the entire understanding and
agreement of the Parties respecting the subject matter hereof and supersedes any and all other
prior and contemporaneous negotiations, correspondence, understandings and agreements between the
Parties. No agreements altering or supplementing the terms hereof may be made except by means of a
written document signed by the duly authorized representatives of the Parties.

     9.9 Execution. This Sublicense Agreement may be executed by facsimile signature,
which shall be an equivalent to an original signature.

-13-

 

Sublicense Agreement between

Bio-Rad and Ciphergen

     IN WITNESS WHEREOF, the Parties have caused this Sublicense Agreement to be executed by their
respective duly authorized officers on the Effective Date, each copy of which will for all purposes
be deemed to be an original.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	BIO-RAD LABORATORIES, INC.	 	 	 	CIPHERGEN BIOSYSTEMS, INC.
	By:

	 	/s/ Norman Schwartz 	 	 
	 	By:	 	/s/ Debra Young 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Name:

	 	Norman Schwartz 	 	 	 	Name:	 	Debra Young 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Title:

	 	President 	 	 	 	Title:	 	CFO & VP of Finance 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 	 	 	 	 

-14-

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