Document:

exv10w2

Exhibit 10.2

CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A
REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION.

CONFIDENTIAL

LICENSE AGREEMENT

     This LICENSE AGREEMENT (the “Agreement”) is entered into as of the 9th day of October, 2009
(the “Effective Date”) by and between Santarus, Inc., a Delaware corporation, with its principal
office at 3721 Valley Centre Drive, Suite 400, San Diego, CA 92130 (“Santarus”) and Norgine B.V.,
a limited liability company under the laws of the Netherlands with its principal office at
Hogehilweg 7, 1101 CA Amsterdam ZO, the Netherlands (“Norgine”). Santarus and Norgine are
sometimes referred to herein collectively as the “Parties” and separately as a “Party.”

     WHEREAS, Santarus has developed and is commercializing in the United States a line of
pharmaceutical products based on proton pump inhibitors in combination with one or more buffering
agents under the trademark Zegerid®;

     WHEREAS, Norgine is interested in developing, manufacturing and commercializing Licensed
Products in the Territory (each as defined below); and

     WHEREAS, Santarus is willing to grant Norgine licenses to develop, manufacture and
commercialize Licensed Products for use in the Field in the Territory, all on the terms and
conditions set forth herein below.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein below
and other good and valuable consideration, the receipt and legal sufficiency of which are hereby
mutually acknowledged, Norgine and Santarus hereby agree as follows:

ARTICLE 1

DEFINITIONS

     The following capitalized terms shall have the meanings set forth below when used in this
Agreement:

     1.1 “Adverse Event” means any untoward medical occurrence in a patient or clinical trial
subject who has been administered a Licensed Product, where the untoward medical occurrence is
temporally associated with the use of the Licensed Product, whether or not considered related to
the Licensed Product. An Adverse Event can therefore be any unfavourable and unintended sign
(including an abnormal laboratory finding), symptom or disease (new or exacerbated) temporally
associated with the use of a Licensed Product. For a marketed Licensed
Product, this can also include failure to produce expected benefits (i.e. lack of efficacy),
and adverse events associated with circumstances of abuse or misuse. In addition to the foregoing,
in the context of clinical trials, an Adverse Event will also mean events associated with or
possibly attributable to the clinical trial protocol design or clinical trial procedures.

     1.2 “Affiliate” with respect to any Person, means any other Person, whether de jure or de
facto, that directly or indirectly, controls, is controlled by, or is under common control with
such first Person, as applicable, for as long as such control exists. Solely as used in this
definition, “control” means (a) direct or indirect ownership of more than fifty percent (50%) of
the equity (or such lesser percentage which is the maximum allowed to be owned by a foreign
corporation in a particular

 

 

jurisdiction) having the power to vote on or direct the affairs of such
Person, as applicable, (b) the possession, directly or indirectly, of the power to direct or cause
the direction of the policies and management of such Person, as applicable, whether by the
ownership of stock, by contract, or otherwise, or (c) status as a general partner in any
partnership.

     1.3 “Applicable Law” means applicable provisions of federal, national, multinational, state,
provincial, and local statutes, laws, rules, regulations, administrative codes, ordinances,
decrees, orders, decisions, injunctions, awards judgments, permits and licenses of or from
governmental authorities (i) in the Territory, that apply to the development, manufacture or
commercialization of Licensed Products and (ii) inside or outside the Territory that apply to the
performance of either Party’s obligations under this Agreement.

     1.4 “Business Day” means any day other than a day which is a Saturday, a Sunday or any day
banks are authorized or required to be closed in New York, New York or the Netherlands.

     1.5 “Calendar Quarter” means each of the consecutive three (3) month periods ending March 31,
June 30, September 30, and December 31, as the case may be.

     1.6 “Commercially Reasonable Efforts” means those diligent efforts and resources, with respect
to a particular Party, at the relevant point in time, that are comparable to those generally used
by that Party, in good faith, in the exercise of its reasonable and prudent business judgment
relating to other prescription pharmaceutical products owned or licensed by it, which have market
potential and are at a stage of product life similar to the Licensed Products in the Territory,
taking into account measures of relative safety and efficacy, product profile, the competitiveness
of the marketplace, the regulatory structure involved, the relative profitability of the products
and other relevant factors, when utilizing sound and reasonable technical, scientific or medical
practice and judgment.

     1.7 “Confidential Information” means any and all information disclosed to or obtained by
Recipient pursuant to or in connection with the negotiation, execution, delivery and performance of
this Agreement or the consummation of the transactions contemplated hereby and any and all
information regarding, related to, or associated with any or all elements of this Agreement,
including Licensed Products or each Party’s operations, that is disclosed by the Disclosing Party
to the Recipient; provided, however, that Confidential Information will not include information
which: (a) at the time of disclosure is in the public domain; (b) after
disclosure becomes part of the public domain, except through breach of this Agreement; (c) the
Recipient can demonstrate by reasonable proof was in its possession prior to the time of disclosure
by the Disclosing Party hereunder, and was not acquired directly or indirectly from the Disclosing
Party; (d) the Recipient can demonstrate by reasonable proof was developed by or on behalf of
Recipient independent of and without reference to the Disclosing Party’s Confidential Information;
or (e) becomes available to Recipient from a Third Party who did not acquire such information
directly or indirectly from the Disclosing Party and who is not otherwise prohibited from
disclosing such information.

     1.8 “Control” means, with respect to any Santarus IP or Norgine IP, possession by the Party
granting the applicable right, license or sublicense to the other Party as provided herein of the
power and authority, whether arising by ownership, license, or other authorization (in each case
other than pursuant to this Agreement) to disclose and deliver the particular Know-How to the other
Party, and to grant and authorize under such Santarus IP or Norgine IP the right, license or

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sublicense, as applicable, of the scope granted to such other Party in this Agreement without
giving rise to a violation of the terms of any written agreement with any Third Party.
“Controlled” or “Controlling” shall have their correlative meanings.

     1.9 “Data” means any and all research and development data, such as preclinical data,
pharmacology data, chemistry data (including analytical, product characterization, manufacturing,
and stability data), toxicology data, clinical data (including investigator reports (both
preliminary and final), statistical analyses, expert opinions and reports, safety and other
electronic databases), together with supporting data, in each case specifically directed to, or
used in the development of, a Licensed Product. For clarity, “Data” includes results from any
post-approval clinical studies of Licensed Products.

     1.10 “FDA” means the United States Food and Drug Administration or any successor thereto.

     1.11 “Field” means all therapeutic uses and indications in humans for which a physician’s
prescription is required or which require a pharmacist’s approval to purchase. For purposes of
clarity, the “Field” is intended to be limited to
[***].

     1.12 “Force Majeure” means occurrences beyond the reasonable control of the Party affected,
including acts of God, embargoes, governmental restrictions, terrorism, materials shortages or
failure of any supplier (where such shortage or failure is attributable to an event of Force
Majeure suffered by such supplier), fire, flood, explosion, earthquake, hurricanes, storms,
tornadoes, riots, wars, civil disorder, failure of public utilities or common carriers, labor
disturbances, rebellion or sabotage, provided that lack of funds shall not be interpreted as an
occurrence beyond the reasonable control of the Party affected.

     1.13 “IFRS” means International Financial Reporting Standards established by the International
Accounting Standards Board, as amended from time to time.

     1.14 “GAAP” means United States generally accepted accounting principles, in each case
consistently applied.

     1.15 “Know-How” means any and all information and tangible materials comprising (a) ideas,
discoveries, inventions, improvements or trade secrets, (b) Data, (c) databases, practices,
methods, techniques, specifications, formulations, formulae, knowledge, (d) techniques, methods,
formulas, processes, manufacturing information, and (e) research materials, reagents and
compositions of matter and biological materials. Know-How shall not include any Patent rights with
respect thereto but Know-How does include documents and other media on which Know-How is
permanently stored and any rights including trade secrets, copyright, database rights or design
rights protecting such Know-How.

     1.16 “Licensed Product(s)” means (a) the following immediate-release pharmaceutical products
incorporating omeprazole in combination with one or more buffering agents, for which regulatory
approval has been obtained by Santarus in the Field from the FDA as of the Effective

 

			
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and Exchange Commission. Confidential treatment has been requested with respect to the omitted
portions.

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Date: Zegerid® (omeprazole/sodium bicarbonate) Capsules, Zegerid®
(omeprazole/sodium bicarbonate) Powder for Oral Suspension, and Zegerid®
(omeprazole/sodium bicarbonate/magnesium hydroxide) with Magnesium Hydroxide Chewable Tablets, each
in 20 mg and 40 mg dosage strengths of omeprazole; (b) other formulations of immediate-release
pharmaceutical products incorporating omeprazole in combination with one or more buffering agents
in the Field developed by Norgine following the Effective Date pursuant to the last sentence of
Section 3.1.1; and (c) other formulations of immediate-release pharmaceutical products
incorporating omeprazole in combination with one or more buffering agents in the Field developed by
Norgine following the Effective Date other than pursuant to the last
sentence of Section 3.1.1.[***].

     1.17 “Major Country” means each of the following: France, Germany, Italy, Spain and the
United Kingdom.

     1.18 “Marketing Authorization” means, with respect to a Licensed Product in a particular
jurisdiction in the Territory, all approvals, licenses, registrations or authorizations necessary
for the commercialization of such Licensed Product in the Field in such jurisdiction, including
only where mandatory, approval of labeling, price, reimbursement and manufacturing.

     1.19 “MAA” (Marketing Authorization Application) means any filing, application or submission
filed with or submitted to any Regulatory Authority in the Territory in order to obtain a Marketing
Authorization with respect to a Licensed Product in the applicable jurisdiction in the Field in the
Territory.

     1.20 “Missouri Agreement” means that certain Exclusive License Agreement between Santarus and
the Curators of the University of Missouri (“UMissouri”) effective as of January 26, 2001, as
amended from time to time.

     1.21 “Missouri IP” means, individually and collectively, the Missouri Patents and the Missouri
Know-How.

     1.22 “Missouri Know-How” means any and all Know-How Controlled by the UMissiouri and licensed
to Santarus pursuant to the Missouri Agreement and that is reasonably necessary for the
development, manufacture (including testing) or commercialization of a Licensed Product within the
Field in the Territory in accordance with this Agreement.

     1.23 “Missouri Patents” means the Patents listed on Part A of Exhibit 1.37, together
with any and all other Patents in the Territory that are Controlled by UMissouri or co-owned by
UMissouri with Santarus and are licensed to Santarus pursuant to the Missouri Agreement and that
claim (specifically or generically) subject matter developed before or after the Effective Date
which would be infringed by (a) a formulation of any Licensed Product, (b) a method or process for
the manufacture of any Licensed Product, or (c) a method of use or administration of any Licensed
Product.

 

			
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and Exchange Commission. Confidential treatment has been requested with respect to the omitted
portions.

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     1.24 “Net Sales” means the gross amount invoiced by Norgine and its Affiliates and
Sublicensees (the “Selling Party”) to Third Parties for the sales of Licensed Products in the Field
and in the Territory. To the extent that the gross amounts invoiced by the Selling Party for such
sales of Licensed Products do not already reflect deductions or exclusions of the following
amounts, the following may be deducted in calculation of Net Sales, to the extent such deductions
are at rates customary within the industry:

          (a) trade, quantity and cash discounts, rebates, chargebacks and price adjustments or
reductions allowed to be and actually taken by the Third Party’s customers;

          (b) allowances or credits to any of its customers granted by the Selling Party on account of
price adjustments or billing errors for Licensed Products, and for Licensed Products which are
rejected, damaged, defective, outdated or returned;

          (c) sales taxes and other direct taxes (excluding franchise or income taxes) included as a
specific line item in an invoice, to the extent imposed upon and paid directly with respect to the
sales price, but excluding taxes not actually incurred by the Selling Party or that are
reimbursable, refundable or creditable to the Selling Party; and

          (d) reasonable and customary freight, shipping, insurance and other transportation expenses,
to the extent included as a specific line item in an invoice and directly related to the sale of
Licensed Products.

     Net Sales shall not include sales of Licensed Products between and among Norgine and its
Affiliates and Sublicensees; provided, however, that Net Sales shall include the amounts invoiced
by the Selling Party (with applicable deductions as set forth above) upon any resale of such
Licensed Products to a Third Party. Norgine, its Affiliates and Sublicensees shall not promote or
sell any Licensed Product as a loss-leader for their other pharmaceutical products in the
Territory, but Norgine, its Affiliates and Sublicensees may offer customers discounts, price
reductions and adjustments on Licensed Products so long as such discounts, price reductions and
adjustments are at rates customary within the industry. If Norgine or any of its Affiliates or
Sublicensees effects a sale, disposition or transfer of a Licensed Product to a customer in a
particular country other than at rates customary within the industry, the Net Sales of such
Licensed Product to such customer shall be deemed to be “the fair market value” of such Licensed
Product. For purposes of this subsection, “fair market value” shall mean the value that would have
been derived had such Product been sold as a separate product to another customer in the country
concerned on customary commercial terms during the applicable Calendar Quarter. Disposal of
Licensed Products for or use of the Licensed Products in clinical trials or as free samples shall
not give rise to any deemed sale under this Section. Net Sales shall be determined from the books
and records of the Selling Party maintained in accordance with IFRS, consistently applied, which
figures shall be adjusted at an aggregate level to Net Sales in accordance with GAAP. For purposes
of clarity, any royalty payments due under Section 7.5 will be calculated based upon aggregated Net
Sales in accordance with GAAP.

     1.25 “Norgine IP” means (a) any Patent Controlled by Norgine or its Affiliates that claims
(specifically or generically) subject matter developed before or after the Effective Date, which
would be infringed by (i) a formulation of any Licensed Product, (ii) a method or process for the
manufacture of any Licensed Product, or (iii) a method of use or administration of any Licensed
Product (in each case other than Santarus Patents), and (b) any Know-How developed or utilized by

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Norgine in connection with any Licensed Product (other than Santarus Know-How). For clarity,
Norgine IP includes Norgine Inventions, Patents claiming Norgine Inventions and Norgine’s interest
in Joint Inventions and Norgine’s interest in Patents claiming Joint Inventions (each as defined in
Section 8.1.1).

     1.26 “Other Santarus IP” means, individually and collectively, the Other Santarus Patents, and
the Santarus Know-How. For clarity, Other Santarus IP includes Santarus Inventions and Santarus’
interest in Joint Inventions (each as defined in Section 8.1.1).

     1.27 “Other Santarus Patents” the Patents listed on Part B of Exhibit 1.37, together
with any and all other Patents in the Territory that are Controlled by Santarus and claim
(specifically or generically) subject matter developed before or after the Effective Date which is
(a) a formulation of any Licensed Product, (b) a method or process for the manufacture of any
Licensed Product, or (c) a method of use or administration of any Licensed Product, including
Patents claiming Santarus Inventions or Joint Inventions (to the extent of Santarus’ interest
therein) but excluding always the Missouri Patents.

     1.28 “Patent” means any of the following, whether existing now or in the future anywhere in
the world: (a) any issued patent, including any inventor’s certificate, substitution, extension,
supplemental protection certificate, registration, confirmation, reissue, re-examination, renewal
or any like governmental grant for protection of inventions; and (b) any pending application for
any of the foregoing, including any continuation, divisional, substitution, continuations-in-part,
provisional and converted provisional applications.

     1.29 “Person” means any individual, corporation, partnership, firm, association, joint
venture, joint stock company, trust or other entity, or any government or regulatory administrative
or political subdivision or agency, department or instrumentality thereof.

     1.30 “PPI” means any proton pump inhibitor, including those specified from time to time in the
Anatomical Therapeutic Chemical (ATC) classification class A02BC.

     1.31 “PPI Pharmaceutical Product” means a pharmaceutical product containing one or more PPIs
as active pharmaceutical ingredients.

     1.32 “Regulatory Authority” means any federal, national, multinational, state, provincial or
local regulatory agency, department, bureau or other governmental entity with authority over the
development, commercialization or other use or exploitation (including the granting of Marketing
Authorizations) of any Licensed Product in any jurisdiction.

     1.33 “Regulatory Filing” means any filing, application or submission filed with or submitted
to any Regulatory Authority, including applications to initiate or continue clinical or other
studies and MAAs and authorizations, approvals or clearances arising from the foregoing, including
Marketing Authorizations, and all correspondence with any Regulatory Authority, as well as minutes
of any material meetings, telephone conferences or discussions with the relevant Regulatory
Authority, in each case with respect to a Licensed Product.

     1.34 “Santarus IP” means, individually and collectively, the Missouri IP, and the Other
Santarus IP.

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     1.35 “Santarus Know-How” means any and all Know-How Controlled by Santarus during the Term
that is reasonably necessary for the development, manufacture (including testing) or
commercialization of a Licensed Product within the Field in the Territory in accordance with this
Agreement.

     1.36 “Santarus Marks” means the trademarks Controlled by Santarus in the Territory during the
Term which are to be utilized in conjunction with the Licensed Product, as set forth on Exhibit
1.36, and all common law rights, applications and registrations therefor, and all goodwill
associated therewith.

     1.37 “Santarus Patents” means the Missouri Patents and the Other Santarus Patents.

     1.38 “Sublicensee” means any Third Party to whom Norgine or its Affiliates have granted a
sublicense under the licenses conveyed to Norgine under the Santarus IP to make, have made, use,
sell, offer for sale or import a Licensed Product in the Field in the Territory in accordance with
Section 2.1.2. As used in this Agreement, the term “Sublicensee” shall also include a Third Party
to whom Norgine or its Affiliate have granted, directly or indirectly, the right to distribute a
Licensed Product; provided that such Third Party has the responsibility for marketing or promotion
of a Licensed Product within the markets or territories for which such distribution rights are
granted, but “Sublicensee” shall not include a Third Party whose only role with respect to a
Licensed Product is as a contractor or service provider such as a contract manufacturer or contract
researcher or the like.

     1.39 “Territory” means those countries of the world set forth on Exhibit 1.39 hereto.

     1.40 “Third Party” means any Person other than the Parties or their respective Affiliates.

     1.41 “Valid Claim” means a claim (a) of any issued Santarus Patent that has not expired, been
permanently abandoned, been held permanently revoked, unenforceable or invalid
by a decision of a court or governmental agency of competent jurisdiction from which no appeal
can be taken, or with respect to which an appeal is not taken within the time allowed for appeal,
and that has not been disclaimed, denied or admitted to be invalid or unenforceable through
reissue, disclaimer or otherwise, or (b) of any pending patent application for any of the foregoing
provided that any such application which has been pending for more than
[***] years from its earliest priority date claimed
shall be excluded unless and until a claim from such application is granted.

ARTICLE 2

LICENSES

     2.1 Licenses to Santarus IP.

          2.1.1 General. Subject to the terms and conditions of this Agreement (including
without limitation Section 2.1.2 and Section 15.5.6), Santarus hereby grants to Norgine and its
Affiliates:

 

			
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          (a) an exclusive license under the Other Santarus IP to sell, offer for sale, have sold,
import and have imported for sale Licensed Products in the Field in the Territory. Additionally,
subject to the terms and conditions of this Agreement (including without limitation Section 2.1.2),
Santarus hereby grants to Norgine and its Affiliates a non-exclusive license under (i) the Other
Santarus IP to develop and use Licensed Products in the Field in the Territory; and (ii) (a) the
Other Santarus IP and (b) the Know-How and Patents outside the Territory which are Controlled by
Santarus and which are reasonably necessary to make Licensed Products, in each case to make and
have made Licensed Products anywhere in the world solely for the purpose of supplying Licensed
Products for Norgine’s and its Affiliates’ exercise of the license granted in the first sentence
of this Section 2.1.1(a) (or any Sublicensee’s exercise of a sublicense granted in Section 2.1.2);
and

          (b) an exclusive sublicense under the Missouri IP to sell, offer for sale, have sold, import
and have imported for sale Licensed Products in the Field in the Territory. Additionally, subject
to the terms and conditions of this Agreement (including without limitation Section 2.1.2) Santarus
hereby grants to Norgine and its Affiliates a non-exclusive sublicense under (i) the Missouri IP to
develop and use Licensed Products in the Field in the Territory; and (ii) (a) the Missouri IP, and
(b) the Know-How and Patents that are either Controlled by UMissouri or co-owned by UMissouri and
in either case licensed to Santarus pursuant to the Missouri Agreement and which Patents and
Know-How are reasonably necessary to make Licensed Products, in each case to make and have made
Licensed Products anywhere in the world solely for the purpose of supplying Licensed Products for
Norgine’s and its Affiliates’ exercise of the license granted in the first sentence of this
Section 2.1.1(b) (or any Sublicensee’s exercise of a sublicense granted in Section 2.1.2).

          2.1.2 Sublicenses. The licenses under Section 2.1.1 and Section 4.4.2(a) include the
right for Norgine to grant sublicenses within the scope thereof to Third Parties, subject to the
terms and conditions of this Section 2.1.2; and accordingly, except as otherwise expressly
provided herein, Norgine shall have the right to fulfill any or all of its obligations hereunder
through one or more Sublicensees:

          (a) Each sublicense shall be approved in advance in writing by Santarus, which approval shall
not be unreasonably withheld, conditioned or delayed.

          (b) Each sublicense shall be subject to the sublicense fees as set forth in Section 7.4.

          (c) Each sublicense shall not conflict with and shall be subordinate to the terms and
conditions of this Agreement, and shall contain provisions substantially equivalent to Section
4.4.2 (Use of Santarus Marks), Section 4.5 (Third Party Allegation of Infringement), Section 6.5
(Reporting), Section 8.4 (Enforcement of Santarus Patents), Section 10.5 (Insurance), Article 12
(Confidentiality) and Section 13.6 (General Effects of Expiration or Termination).

          (d) Norgine shall promptly notify Santarus in writing of the grant of each sublicense and
provide Santarus a copy of the final executed sublicense agreement redacted as Norgine, acting
reasonably, deems necessary to protect the confidential information of Norgine and/or its
Sublicensee (provided that the unredacted portions of any such sublicense shall contain

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sufficient detail to enable Santarus to confirm the performance of Norgine’s obligations under this Agreement,
including under Section 7.4, as determined by Santarus, acting reasonably).

          2.1.3 Performance by Affiliates and Sublicensees. Norgine shall be responsible for
the failure by its Affiliates and Sublicensees to comply with, and Norgine guarantees the
compliance by each of its Affiliates and Sublicensees with, all relevant restrictions, limitations
and obligations in this Agreement. In addition, Norgine shall remain responsible for all payments
and other obligations under this Agreement arising from activities of its Affiliates and
Sublicensees.

     2.2 License to Santarus. Subject to the terms and conditions of this Agreement
(including Section 3.3.4), Norgine hereby grants to Santarus a non-exclusive, perpetual,
royalty-free, sublicensable and irrevocable license under all Norgine IP to develop, use, sell,
offer for sale and import Licensed Products (a) outside of the Territory or (b) in the Territory
but outside the Field. Additionally, subject to the terms and conditions of this Agreement,
Norgine hereby grants to Santarus a non-exclusive, perpetual, royalty-free, sublicensable and
irrevocable license under the Norgine IP to make and have made Licensed Products anywhere in the
world solely for the purpose of Santarus’ exercise of the license granted in this Section 2.2.

     2.3 Right of First Negotiation to OTC License. Subject to Section 6.2, in the event
that Santarus desires to convey to one or more Third Parties a license to any immediate-release
pharmaceutical product [***] outside the Field (e.g., for therapeutic uses and indications in humans for which a prescription from a
physician is not required or which do not require a pharmacist’s approval to purchase) in the
Territory (each a “OTC License”), Santarus shall comply with the process set forth in this Section
2.3. During the Term, prior to granting an OTC License for one or more immediate-release
pharmaceutical products [***] to a Third Party, Santarus shall give Norgine written notice of its
intention to convey an OTC License (a “Negotiation Notice”) [***].

     2.4 No Other Rights. Each Party acknowledges that the rights and licenses granted
under this Article 2 and elsewhere in this Agreement are limited to the scope expressly granted.
Accordingly, except for the rights expressly granted under this Agreement, no right, title, or
interest of any nature whatsoever is granted whether by implication, estoppel, reliance, or
otherwise, by either Party to the other Party. All rights with respect to Know-How, Patent or
other intellectual property rights that are not specifically granted herein are reserved to the
owner thereof.

ARTICLE 3

DEVELOPMENT / REGULATORY

     3.1 Development of Licensed Products.

          3.1.1 General. Norgine shall have the right and be responsible for conducting at its
expense: (a) all development (including product development and clinical studies) with respect to
the Licensed Products necessary to file for and obtain Marketing Authorizations to launch the
Licensed Products for application in the Field throughout the Territory in accordance with this
Agreement, and (b) all phase IV clinical studies, quality of life assessments, pharmacoeconomic,
label expansion or other post-marketing studies as may be required by any applicable Regulatory

 

			
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Authority or as Norgine may elect to perform in the Territory. Without limiting the foregoing,
Norgine shall have the right, but not the obligation, to develop additional Licensed Products,
including line extensions and new formulations, in the Territory; provided that Norgine shall keep
Santarus informed with respect to such activities in accordance with Section 6.5. In the event
that Norgine desires to develop and commercialize a Licensed Product for which Santarus has
received FDA approval and commercially launched in the U.S. after the Effective Date and desires
that Santarus transfer the associated Santarus Know-How to Norgine, then the Parties shall
negotiate in good faith an arrangement under which Norgine compensates Santarus for a portion of
the costs incurred by Santarus in connection with the development of such product prior to
Santarus having any obligation to transfer such Santarus Know-How to Norgine.

          3.1.2 Stability Data. Norgine shall have the right and be responsible for generating
at its expense any stability data necessary to file for and obtain Marketing Authorizations
throughout the Territory. Santarus shall have the right to use any such stability
data generated by Norgine for applications outside the Territory or outside the Field,
pursuant to the terms of the license set forth in Section 2.2.

     3.2 Regulatory Matters.

          3.2.1 Interactions. Norgine shall have, at its expense, the responsibility for all
interactions with any Regulatory Authority in the Territory and for filing, obtaining and
maintaining approvals for development and commercialization of Licensed Products in the Field in
the Territory, including any MAA. Notwithstanding the foregoing, Santarus shall be able to
communicate with any Regulatory Authority in the Territory regarding any Licensed Product, but
only to the extent that such communication is (a) reasonably necessary to comply with the terms of
this Agreement or any Applicable Law, (b) relates to manufacture of Licensed Products for use or
sale outside the Territory or outside the Field, or (c) relates to clinical trials of Licensed
Products in the Territory, consistent with the terms of Section 3.3.4. As between the Parties,
Norgine shall own all Regulatory Filings filed by or under authority of it for the Licensed
Products for applications in the Field in the Territory. For clarity, as between the Parties,
Santarus shall retain the right and, at its expense, the responsibility for all interactions with
any Regulatory Authority and filing, obtaining and maintaining approvals for development and
commercialization of Licensed Products outside the Territory or outside the Field, including any
MAA or any comparable regulatory filing, application or submission outside the Territory. Each
Party shall provide to the other copies of any regulatory correspondence related to Licensed
Products in its Control that are reasonably likely to have a material adverse impact on the other
Party’s or its partners’ activities with regard to Licensed Products in the Territory, in the case
of Norgine and its partners, or PPI Pharmaceutical Products inside or outside the Territory, in
the case of Santarus and its partners.

          3.2.2 Assistance. Each Party agrees to provide in a timely manner such assistance in
connection with the other Party exercising its rights or fulfilling its responsibilities described
in Section 3.2.1 as such other Party may reasonably request; provided that the requesting Party
shall reimburse the other Party for all reasonable costs and expenses incurred in providing such
assistance. In addition, each Party shall provide the other Party information regarding plans to
make any Regulatory Filings to the extent such Regulatory Filings are reasonably likely to affect
the other Party’s Regulatory Filings in their respective territories.

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          3.2.3 Safety Data Exchange. Each of Santarus and Norgine agree to notify
each other concerning actual or possible Adverse Events within the respective time periods, and in
accordance with the applicable procedures, set forth in a pharmacovigilance agreement to be
mutually agreed and executed by the Parties within one hundred and twenty (120) days of the
Effective Date, but in any event prior to the first administration of any Licensed Product to a
human in a clinical trial conducted by or under authority of Norgine or, if earlier, the first
sale of Licensed Product by or under authority of Norgine, which pharmacovigilance agreement shall
be reviewed and revised, as may be necessary, annually by the Parties. 

     3.3 Access to Know-How.

          3.3.1 By Norgine. Promptly after the Effective Date and in any event
during the three (3) month period thereafter, Santarus shall make available to Norgine the
following Know-How in its Control as of the Effective Date: (a) regulatory dossiers covering each
of the Zegerid Capsule, Zegerid Powder for Oral Suspension and Zegerid with Magnesium Hydroxide
Chewable Tablet products approved by the FDA for prescription use in the U.S. as of the Effective
Date (the “Currently Approved U.S. Products”); (b) formal development reports for the Currently
Approved U.S. Products; (c) formal stability reports for the Currently Approved U.S. Products; and
(d) upon the reasonable request of Norgine and for Norgine’s review at Santarus’ corporate
offices, such other Data Controlled by Santarus relating to the Currently Approved U.S. Products
which is necessary for Norgine to develop, manufacture or commercialize the Currently Approved
U.S. Products in the Field in the Territory and, should Norgine require it, Norgine may take a
copy of such Data (collectively, the “Transferred Know-How”). Santarus’ obligation to provide
access to and/or transfer Know-How to Norgine shall be limited to those materials described in the
preceding sentence, except to the extent otherwise mutually agreed by the Parties. Norgine shall
have the right to use and reference all Data and Regulatory Filings included in the Transferred
Know-How in connection with Norgine’s, its Affiliates’ and Sublicensees’ development, manufacture
and commercialization of Licensed Products in the Field in the Territory. The mode that Santarus
makes available the Transferred Know-How under this Section 3.3.1 shall be as mutually determined
by Santarus and Norgine in good faith. All Transferred Know-How received by Norgine from
Santarus, together with all embodiments thereof, shall be deemed the Confidential Information of
Santarus.

          3.3.2 By Santarus. Norgine shall provide to Santarus the core regulatory
file used by Norgine to generate each Regulatory Filing within thirty (30) days after its initial
submission to a Regulatory Authority in the Territory and thirty (30) days after any updates
thereto is filed with a Regulatory Authority in the Territory. In addition, from time to time and
upon Santarus’ reasonable request, Norgine shall provide to Santarus all Data in its Control
during the Term. Santarus shall have the right to use and reference all Data and Regulatory
Filings in connection with Santarus’ development, manufacture and commercialization of Licensed
Products and PPI Pharmaceutical Products outside of the Territory or outside of the Field (subject
to Sections 2.3 and 6.1); provided that such Regulatory Filings and Data received by Santarus,
together with all embodiments thereof, shall be deemed the Confidential Information of Norgine.
The mode that Norgine provides Data and the core regulatory file under this Section 3.3.2 shall be
mutually determined by Santarus and Norgine in good faith.

          3.3.3 Additional Assistance. If requested by Norgine, Santarus personnel
will be made available to introduce Norgine to Santarus’ contract manufacturers for the Currently

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Approved U.S. Products and use reasonable efforts to facilitate a meeting between Norgine and each
such contract manufacturer.

          3.3.4 Coordination Regarding Conduct of Clinical Trials in the Territory.
Notwithstanding anything to the contrary in this Agreement, Norgine acknowledges and agrees that
Santarus’ existing partners at the Effective Date (and any current or future sublicensees of such
partners the appointment of which is permitted under agreements existing as of the Effective Date)
retain rights to conduct clinical trials involving PPI Pharmaceutical Products in the Territory.
Santarus (on behalf of itself and its Affiliates and its future partners and sublicensees but not
on behalf of its partners at the Effective Date and any current or future sublicensees of such
partners the appointment of which is permitted under agreements existing as of the Effective Date)
and Norgine (on behalf of itself, its Affiliates and Sublicensees) each agree to provide
reasonable advance notice and reasonable coordination concerning any clinical trials involving
Licensed Products proposed to be conducted in the Territory. In addition, without the prior
written consent of Norgine, which consent shall not be unreasonably withheld, conditioned or
delayed, (a) neither Santarus nor its Affiliates shall conduct any clinical trial of a Licensed
Product in a country of the Territory and (b) Santarus shall not grant any future rights to Third
Parties (beyond those rights existing as of the Effective Date) to conduct any clinical trial of a
Licensed Product in a country of the Territory in each case without the prior written consent of
Norgine (not to be unreasonably withheld, conditioned or delayed). When Norgine is considering
whether to consent to a clinical trial pursuant to (a) or (b) above, (i) Santarus shall include
with its consent request reasonable information describing the proposed clinical trial(s); (ii)
Norgine may consider its development and commercialization plans for Licensed Products in such
country in the Field and its commercial strategy for Licensed Products in such country in the
Field and the effect such proposed trials may have on Norgine’s strategies and plans; (iii)
Norgine shall notify Santarus of its consent decision no later than thirty (30) business days
after the date of Santarus’ consent request; and (iv) Norgine may withhold its consent to such
clinical trial if it reasonably believes that the conduct of such clinical trial is likely to have
a material adverse affect on Norgine’s plans and strategies described in clause (ii) above.

ARTICLE 4

COMMERCIALIZATION

     4.1 Commercialization of Licensed Products. Norgine shall have the right and be
responsible at its expense for commercializing the Licensed Products for applications in the Field
in the Territory. Norgine agrees to use Commercially Reasonable Efforts to: (a)
[***], (b) [***], and (c) [***].

     4.2 Specific Requirements.

          4.2.1 Without limiting the provisions of Section 4.1 and subject to the exceptions
set forth in Section 4.2.2, Norgine shall: (a) file an MAA in each Major Country [***] years after
the Effective Date, and [***] months of receipt of Marketing Authorization in a Major Country,
launch the applicable Licensed Product in such Major Country; and (b) file an MAA in each

 

			
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jurisdiction in the Territory other than a Major Country [***] years after the Effective Date, and
[***] months of receipt of Marketing Authorization in a jurisdiction in the Territory other than a Major Country, launch the applicable Licensed Product
in such jurisdiction. In order to allow Santarus to monitor the progress of the activities
described in this Section 4.2, Norgine shall notify Santarus in writing within thirty (30) days of
each filing for an MAA in any country or jurisdiction in the Territory and within thirty (30) days
of each launch of a Licensed Product in any country or jurisdiction in the Territory.

          4.2.2 In the event that Norgine fails to comply with the specific diligence
obligations set forth in Section 4.2.1 (each such failure, a “Diligence Failure”), then Santarus
shall have the right to terminate this Agreement in accordance with Section 13.2; provided that
any such event shall not be deemed to be a “Diligence Failure” if Norgine demonstrates by
providing reasonably detailed written documentation to Santarus within [***] days following
receipt by Norgine of notice from Santarus of its intent to terminate under Section 13.2 that:
(1) with regard to a Major Country, Norgine has been making an on-going investment in the Major
Countries as a whole, (2) with regard to a non-Major Country, Norgine has been making an on-going
investment in the non-Major Countries as a whole, (3) with regard to either a Major Country or a
non-Major Country, Norgine’s filing of an MAA or launching a Licensed Product in a particular
country or jurisdiction would have a material adverse impact on Norgine’s business and prospects
relating to Licensed Products in the Territory as a whole, or (4) with regard to either a Major
Country or non-Major Country, Norgine has received written input from the applicable Regulatory
Authority for a particular country or jurisdiction or other competent body for a particular country or jurisdiction that
indicates that it would not be commercially reasonable to pursue obtaining a Marketing
Authorization in such particular country or jurisdiction.

     4.3 Reimbursement. For clarity, Norgine shall be responsible for decisions and
negotiations with relevant governmental authorities, agencies and other organizations and
institutions regarding price and reimbursement status of Licensed Products in the Field within the
Territory.

     4.4 Trademark Matters. 

          4.4.1 Trademark Filings and Maintenance. As of the Effective Date,
Santarus has filed trademark registrations for the Santarus Marks in or for the countries of the
Territory set forth on Exhibit 1.36, and shall maintain all such existing registrations
for the Santarus Marks as set forth on Exhibit 1.36 during the Term at Santarus’ sole cost
and expense, taking into account use and other legal requirements necessary to maintain the
existing registrations. As reasonably requested by Norgine, Santarus shall file additional
trademark registration applications for the Santarus Marks in the Territory beyond the
registration set forth on Exhibit 1.36, and Santarus shall maintain any registrations
resulting from such applications during the Term taking into account use and other legal
requirements necessary to maintain the existing registrations. Norgine shall reimburse Santarus
its out of pocket expenses for filing such additional applications and maintaining such additional
registrations for the Santarus Marks in the Territory. In the event of any challenge to the
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prosecution, including oppositions, cancellations or the like,
Santarus, in its sole discretion shall be responsible as between the Parties for responding to such challenge. Where
such challenge is to a registration for a Santarus Mark set forth on Exhibit 1.36 as of the Effective Date,
Santarus shall bear the costs of responding to such challenge. In all other cases Norgine shall reimburse Santarus its costs
of responding to such challenge. 

          4.4.2 Use of Santarus Marks. After the Effective Date and for the duration
of the Term, and subject to the terms and conditions of this Agreement:

          (a) Santarus hereby grants to Norgine and its Affiliates an exclusive, sublicensable license
to use the Santarus Marks to promote, advertise, market, sell and distribute the Licensed Products
in Field in the Territory. To the extent permitted by Applicable Laws, neither Norgine nor its
Affiliates will identify any Licensed Product by any designation other than the Santarus Marks
without the prior written consent of Santarus, although Norgine, its Affiliates and Sublicensees
(pursuant to Section 2.1.2), and as applicable in the circumstances and as allowed by Applicable
Laws, may (i) include its own corporate name and logo on the Licensed Product, its pack inserts
(e.g. the patient information leaflet) and its packaging and (ii) use its own corporate name and
logo in connection with the commercialization of Licensed Products in the Field in the Territory.
The use of the Santarus Marks by Norgine and its Affiliates will be expressly subject to Section
4.4.2(d). Notwithstanding anything to the contrary contained in this Agreement, the license granted
pursuant to this Section 4.4.2(a) shall not permit Norgine or its Affiliates or Sublicensees to use
the Santarus Marks in conjunction with any OTC License granted pursuant to Section 2.3 for any
purpose or in any manner, unless otherwise agreed in writing by the Parties.

          (b) If any Regulatory Authority in the Territory requires the use of a trademark other than
the Santarus Marks in a country or group of countries or a Party has reason to believe it would be
reasonable or prudent to use a trademark other than the Santarus Marks in a country or group of
countries, Santarus or Norgine, as the case may be, shall send written notice to the other
requesting a meeting to consider the issue, and such meeting shall take place within sixty (60)
days to discuss a course of action. If a different trademark (“New Trademark”) is adopted by the
Parties in the Territory for any reason, including in response to such Regulatory Authority
requirement, references to the Santarus Marks in this Agreement from Section 4.4.2(c) onwards
(except Sections 4.4.2(d)-first sentence, 4.4.2(e)-first sentence, 4.4.3, 4.4.4, 4.5 and 9.2) shall
include any New Trademark. Unless otherwise agreed by the Parties in writing, Norgine shall
prosecute and maintain all New Trademark applications for registration during the Term at Norgine’s
sole cost and expense, and shall maintain any registrations resulting from such applications during
the Term at Norgine’s sole cost and expense and Norgine shall own all such applications and
registrations for New Trademarks. In the event of any challenge to a registration or application
for registration for a New Trademark during prosecution, including oppositions, cancellations for
the like, Norgine, in its sole discretion and at Norgine’s sole cost and expense, shall be
responsible as between the Parties for responding to such challenges.

          (c) Norgine and its Affiliates will use the Santarus Marks solely with respect to the Licensed
Products and only in accordance with the standards of quality established or approved by Santarus
or its designee, and only in the Field in the Territory.

          (d) To the extent permitted by Applicable Laws, whenever Norgine or an Affiliate uses the
Santarus Marks in any other manner in connection with any Licensed Product, it will clearly

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indicate that the Santarus Marks are owned by Santarus, its Affiliates and/or its licensors, as
applicable, and that Santarus is the licensor of the Licensed Products. When using the Santarus
Marks under this Agreement, Norgine and its Affiliates will comply with all Applicable Laws
pertaining to the Santarus Marks and in force at any time in the Territory.

          (e) Norgine acknowledges and agrees that Santarus or its Affiliates are, and at all times will
remain the owner of the Santarus Marks. Norgine acknowledges that no other license is conveyed
under this Agreement to Norgine or its Affiliates with respect to Santarus’ corporate name and
logo, any other trademarks of Santarus, or any modifications or variations thereof, or to any
replacements thereof that Santarus may or its licensees may use in connection with Licensed
Products outside the Territory or outside the Field. Norgine will not at any time do, cause to be
done, or permit any of its employees, agents, contractors and subcontractors to commit any act
inconsistent with, contesting or in any way impairing, or tending to impair, such ownership rights
in the Santarus Marks or any other Santarus names, logos and trademarks, and accordingly agrees
that at no time during the Term or thereafter will it attempt to register any trademarks, service
marks or trade names either (i) the same as the Santarus Marks at all or (ii) confusingly similar
to the Santarus Marks in the gastrointestinal field..

          4.4.3 Notice to Santarus of Infringement. Each Party may perform searches
and other activities it deems necessary or useful in its discretion to monitor the trademark
registers in the Territory for potentially infringing or harmful trademark applications or
registrations. Each Party shall cooperate with the other to ensure such searches and other
activities are not being unnecessarily duplicated. Norgine shall promptly advise Santarus of any
known or threatened infringement of any Santarus Marks or New Trademark, Santarus shall promptly
advise Norgine of any known or threatened infringement of any Santarus Marks or New Trademark, and
the Parties shall discuss an appropriate course of action.

          (a) Subject to Section 4.4.4(a), for any known or threatened infringement of any Santarus
Mark, at Santarus’ request and expense, Norgine shall assist Santarus in any enforcement action
which Santarus in its discretion determines to take in respect of any such infringement. Santarus
shall have the right to retain [***] of any settlement
amounts or costs or damages awarded by a court with respect to such enforcement actions inside the
Territory and shall pay the balance to Norgine.

          (b) Subject to Section 4.4.4(b), for any known or threatened infringement of any New
Trademark, at Norgine’s request and expense, Santarus shall assist Norgine in any enforcement
action which Norgine in its discretion determines to take in respect of any such infringement.
Norgine shall have the right to retain [***] of any settlement amounts or costs or damages awarded
by a court with respect to such enforcement actions inside the Territory and shall pay the balance
to Santarus.

          4.4.4 Other Trademark Enforcement Matters. If, after receiving notice in writing
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          (a) of any known or threatened infringement of any Santarus Mark, and (i) Santarus elects in
writing not to bring or defend an enforcement action with respect to such Santarus Mark in the
Territory for use in the Field for which Norgine has license rights under this Agreement or (ii)
within ninety (90) days following a written request by Norgine to do so and confirmation of facts
reasonably supporting existence of such known or threatened infringement with respect to such
Santarus Mark in the Territory for use in the Field for which Norgine has license rights under this
Agreement, Santarus fails to bring an enforcement action or take other commercially reasonable
action to protect such Santarus Mark from such infringement, or to abate such infringement (which
may in Santarus’ discretion include, without limitation, negotiations for a license (not in
conflict with the licenses granted Norgine herein) from Santarus), then Norgine shall have the
right, at its sole discretion, to institute an enforcement action in its own name to the extent
allowed under applicable law using counsel of its choice, at its own expense, and with the right to
control the course of such enforcement action (and Santarus shall provide all reasonable
assistance, other than financial, to Norgine for such enforcement action, at Norgine’s expense,
including joining such enforcement action if necessary to maintain the enforcement action, and
Santarus shall have the right to join and participate in the enforcement action whether or not such
joinder is requested by Norgine at its own expense).

          (b) of any known or threatened infringement of any New Trademark, and (i) Norgine elects in
writing not to bring or defend an enforcement action with respect to such New Trademark in the
Territory for use in the Field for which Norgine has license rights under this Agreement or (ii)
within ninety (90) days following a written request by Santarus to do so and confirmation of facts
reasonably supporting existence of such known or threatened infringement with respect to such New
Trademark in the Territory for use in the Field for which Norgine has license rights under this
Agreement, Norgine fails to bring an enforcement action or take other commercially reasonable
action to protect such New Trademark from such infringement, or to abate such infringement (which
may in Norgine’s discretion include, without limitation, negotiations for a license (not in
conflict with the licenses granted Norgine herein) from Norgine), then Santarus shall have the
right, at its sole discretion, to institute an enforcement action in its own name to the extent
allowed under applicable law using counsel of its choice, at its own expense, and with the right to
control the course of such enforcement action (and Norgine shall provide all reasonable assistance,
other than financial, to Santarus for such enforcement action, at Santarus’ expense, including
joining such enforcement action if necessary to maintain the enforcement action, and Norgine shall
have the right to join and participate in the enforcement action whether or not such joinder is
requested by Santarus at its own expense).

     4.5 Third Party Allegation of Infringement. If the use of any Santarus Mark or New
Trademark in conjunction with any Licensed Product becomes the subject of a Third Party’s claim or
assertion of trademark infringement through Norgine’s use of a Santarus Mark or New Trademark in
the Field in the Territory, the Party first having notice of the claim or assertion shall promptly
notify the other Party in writing. The Parties shall promptly confer to consider the claim or
assertion and the appropriate course of action, and (i) with respect to the use of any Santarus
Mark, Norgine shall have sole discretion on the course to respond to or otherwise defend the claim
or assertion, such defense to be at the cost and expense of Norgine
for all claims or assertions relating to use of the Santarus Marks under this Agreement in the Territory (provided that Santarus
shall have a right to join and/or participate in the defense action at its own expense), and (ii)
with respect to the use of any New Trademark, Norgine shall have sole discretion on the course to
respond to or otherwise defend the claim or assertion, such defense to be at the cost and expense
of Norgine for all claims or

16

 

assertions relating to use of the New Trademarks under this agreement
in the Territory. Neither Party shall enter into any settlement of any claim described in this
Section 4.5 that adversely affects the other Party’s rights or interests (including in the case of
Santarus, Santarus’ interests in the Santarus Mark outside the Territory) without such other
Party’s written consent, which consent shall not be unreasonably withheld, delayed or conditional.

     4.6 No Use of Norgine Marks. Santarus acknowledges that, subject to Section 13.6.8,
no license is conveyed under this Agreement to Santarus or its Affiliates with respect to Norgine’s
corporate name and logo (collectively, the “Norgine Marks”). Santarus hereby acknowledges
Norgine’s ownership rights in the Norgine Marks, and accordingly agrees that Santarus and its
Affiliates shall not use the Norgine Marks in connection with the development, importation,
marketing or promotion of Licensed Products without first entering into a written license therefor
from Norgine.

     4.7 Domain Names. Before using a domain name with a country code in the Territory for
use with a Licensed Product in the Field in the Territory, Norgine and Santarus shall agree as to
the general design of the homepage of such domain name (the Parties accepting that the layout of
each homepage may need to vary on a country by country to comply with Applicable Laws), such
agreement not to be unreasonably withheld or delayed. As between the Parties, (i) Santarus shall
own and shall register all domain names with a country code in the Territory that incorporate a
Santarus Mark in its own name and at its own cost and shall be responsible for the maintenance of
such domain names at its own cost, and (ii) Norgine shall own and shall register all domain names
with a country code in the Territory that incorporate a New Trademark in its own name and at its
own cost and shall be responsible for the maintenance of such domain names at its own cost. Norgine
shall be permitted to use domain names with a country code in the Territory that incorporate a
Santarus Mark as if they are Santarus Marks and the terms of Sections 4.4.2(a), 4.4.2(c) — (e),
4.4.4(a) and 4.5 shall apply to such use. For any known or threatened infringement of any domain
name with a country code in the Territory that incorporates a Santarus Mark (e.g., by the
registration or use of a domain name with a country code in the Territory that incorporates a
Santarus Mark or is confusingly similar thereto), Santarus shall institute an enforcement action,
as reasonably requested by and at Norgine’s cost and expense, and Norgine shall assist Santarus in
any such enforcement action. Santarus shall have the right to retain
[***] of any settlement amounts or costs or damages awarded by a
court with respect to such enforcement actions inside the Territory and shall pay the balance to
Norgine. Norgine shall be permitted to use domain names with a country code in the Territory that
incorporate a New Trademark as if they are New Trademarks and the terms of Sections 4.4.2(b),
4.4.3(b), 4.4.4(b) and 4.5 shall apply to such use.

ARTICLE 5

MANUFACTURE

     5.1 Manufacture of Licensed Products. Norgine shall have the right and, at its
expense shall be responsible to, manufacture or have manufactured all Licensed Products (including
all omeprazole used therein) and to maintain adequate levels of stock of product to ensure product
availability in accordance with the terms and conditions of this Agreement necessary for Norgine to

 

			
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fulfill its obligations with respect to the development and commercialization of Licensed Products
in the Field and within the Territory.

ARTICLE 6

EXCLUSIVITY/OTHER RESTRICTIONS/REPORTING

     6.1 Exclusivity. During the Term, neither Norgine nor any of its Affiliates or
Sublicensees will directly or indirectly develop, distribute, market, promote, detail, advertise or
sell any PPI Pharmaceutical Product in the Territory other than Licensed Products pursuant to this Agreement. During the Term, neither Santarus
nor any of its Affiliates will directly or indirectly distribute, market, promote, detail,
advertise or sell any PPI Pharmaceutical Product in the Field in the Territory. For purposes of
clarity, this Section 6.1 shall not limit Santarus’ rights with regard to OTC Licenses, subject to
Sections 2.3 and 6.2.

     6.2 OTC License Restriction.

          6.2.1 During the [***] of the Term (the
“OTC Restriction Period”), neither Santarus nor any of its Affiliates will grant an OTC License
under the Santarus IP to any Third Party in the Territory which permits such Third Party to import
into the Territory, have imported into the Territory, sell, offer for sale or have sold Licensed
Products under an OTC License prior to the expiry of the OTC Restriction Period, without the prior
written consent of Norgine.

          6.2.2 Section 7.6 of this Agreement shall apply to any OTC License granted by
Santarus to any Third Party in the Territory during the [***] following the Effective Date.

          6.2.3 For the avoidance of doubt, there shall be no restrictions on the grant by
Santarus of an OTC License to a Third Party in the Territory following the [***] following the
Effective Date.

     6.3 Know-How Restrictions and Firewall. Except as may be permitted under an OTC
License granted to Norgine pursuant to Section 2.3, Norgine shall not, and shall ensure its
Affiliates and Persons acting under its authority do not, use or practice (or authorize the use or
practice of) any Santarus Know-How or other Confidential Information of Santarus (including Data
regarding the manufacture, formulation, release profile, efficacy or safety, use, sale or promotion
of any Licensed Product), for the purposes of manufacturing, developing or commercializing any
product (other than Licensed Products for applications in the Field in the Territory in accordance
with this Agreement). Norgine shall limit disclosure of Santarus Know-How or other Confidential
Information of Santarus to its and its Affiliates’ and Sublicensees’ employees, consultants and
other agents who need to access such Santarus Know-How or other Confidential Information of
Santarus for the development, manufacture or commercialization of Licensed Products in the
Territory in accordance with this Agreement and who are bound by obligations of confidentiality and
non-use no less burdensome than those set forth in this Agreement.

     6.4 Missouri Agreement. Santarus shall have the obligation to pay all amounts owed to
the UMissouri under the Missouri Agreement, and in accordance with the terms set forth therein,

 

			
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with respect to sales of Licensed Products by Norgine (and any of its Affiliates and Sublicensees)
pursuant to the terms and conditions of this Agreement. Santarus shall use Commercially Reasonable
Efforts to maintain the Missouri Agreement in full force and effect and to comply with and perform
its material obligations under the Missouri Agreement. It is understood and agreed that the
sublicense to Norgine under the Missouri IP set out in Section 2.1.1(b) of this Agreement is
subject to the terms and conditions of the Missouri Agreement applicable to such a sublicense, and
that such obligations are incorporated by reference herein. Santarus shall not agree without the
prior written consent of Norgine to any amendment or modification of the Missouri Agreement that
negatively impacts the exclusive rights of Norgine in the Territory under this Agreement. Santarus
shall promptly notify Norgine of any written notice of default or notice of termination which
Santarus receives from the UMissouri in relation to the Missouri Agreement, which would negatively
impact the exclusive rights of Norgine in the Territory. In the event of termination (but not
earlier expiration) of the Missouri Agreement during the Term of this Agreement, (a) Norgine’s
sublicense under the Missouri IP shall be assigned by Santarus to the UMissouri with respect to
Licensed Products for applications in the Field in the Territory, and this Agreement will be
assigned in part to the UMissouri to effect such assignment of the sublicense, (b) this Agreement
(including all payment obligations of Norgine hereunder) shall otherwise be retained by Santarus
with respect to all matters other than the sublicense of rights under the Missouri Agreement, and
(c) Norgine shall thereafter be responsible for making all payments that would have been owed by
Santarus to UMissouri pursuant to the Missouri Agreement (if the Missouri Agreement had not been
terminated) in respect of Norgine’s, its Affiliates’ and their Sublicensees’ sales of Licensed
Products for applications in the Field in the Territory after the date of such assignment. In such
event, Norgine may offset against any payments subsequently due to be paid by Norgine to Santarus
under this Agreement any amounts paid by it directly to UMissouri with respect to Licensed Products
and their development and commercialization after the date of such assignment.

     6.5 Reporting. Without limiting any other provision herein, Norgine agrees to provide
Santarus during the Term with quarterly reports within thirty (30) days following the end of the
applicable Calendar Quarter summarizing the activities taken during such Calendar Quarter and
Norgine’s plans for activities during the upcoming year with respect to Norgine’s obligations to
develop (including plans for and results of non-clinical and clinical studies regarding Licensed
Products), manufacture (including establishment of Third Party contractors) and commercialize the
Licensed Products (including sales forecasts, budgets and marketing plans for the forthcoming year) and
interactions with Regulatory Authorities in the Territory with respect to the Licensed Products
(including status of MAA filings and receipt of Market Authorizations in each country within the
Territory). On a semi-annual basis (in January and July of each year, or on such other dates as may
be mutually agreed by the Parties), the Parties shall meet (telephonically or in person) to discuss
Norgine’s then current and anticipated development, manufacturing, launch, commercialization and
regulatory activities conducted by or under authority of Norgine in or for the Territory and
details of the countries in which Norgine does not currently intend to launch Licensed Products.

ARTICLE 7

PAYMENTS; ROYALTIES; REPORTS

     7.1 Up-Front Payment. Within three (3) days after the Effective Date, Norgine shall
pay Santarus an up-front license fee of Two Million Five Hundred Thousand U.S. Dollars
(US$2,500,000), which amount shall be non-refundable and non-creditable against other amounts due
to Santarus hereunder.

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     7.2 Milestone Payments. In partial consideration for the licenses and rights granted
to Norgine hereunder, Norgine shall pay Santarus the following amounts (each, a “Milestone
Payment”) within [***] days following the first achievement by
Norgine, its Affiliates and/or Sublicensee(s), as the case may be, of each of the following
milestones (“Milestones”), and Norgine shall promptly notify Santarus of the achievement of each
Milestone:

          (a) [***] (the “First Milestone Payment”).

          (b) [***] (the “Second Milestone Payment”).

     7.3 Deduction of Out-Of-Pocket Costs from Milestone Payments. To support Norgine’s
clinical, regulatory and reimbursement efforts for Licensed Products in the Territory and help
defray such costs of Norgine, Santarus agrees to the following deductions: (a) from the First
Milestone Payment, [***] of the actual out-of-pocket costs incurred through the date of achievement
of the Milestone event described in Section 7.2(a) up to [***], which costs are directly related to
Norgine’s clinical, regulatory and reimbursement efforts to gain market access in any Major Country
for the initial Licensed Product; and (b) from the Second Milestone Payment, [***] of any
additional out-of-pocket costs incurred subsequent to the event described in Section 7.2(a) and
through the date of achievement of the Milestone event described in Section 7.2(b) up to [***],
which costs are directly related to Norgine’s clinical, regulatory and reimbursement efforts to
gain market access in any Major Country for the initial Licensed Product. For clarity, the
deduction of out-of-pocket costs under this Section 7.3 shall not exceed [***] in the aggregate,
and Norgine shall be solely responsible for any additional out-of-pocket costs incurred above such
amount. Upon the request of Santarus, Norgine shall provide Santarus with reasonably detailed
documentary evidence which reflects the amounts expended and the nature of such expenditures
incurred by Norgine and claimed as deductions pursuant to this Section 7.3. Santarus shall have no
obligation to compensate Norgine for any of its costs, other than the specific deductions described
above in this Section 7.3 and only in the event of achievement of the applicable Milestone event.

     7.4 Sublicensee Fees. In the event that Norgine receives any upfront payment,
milestone payment or any other consideration (other than royalties on Net Sales by Sublicensees
which are payable by Norgine pursuant to Section 7.5) from a Third Party in connection with a
sublicense under this Agreement for Licensed Products in the Field and in the Territory, Norgine
shall pay [***] of any such consideration to Santarus within [***] days of such consideration
becoming due and payable to Norgine, regardless of when such consideration is actually received by
Norgine.

     7.5 Royalties on Net Sales. In partial consideration for the rights and licenses
granted to Norgine under this Agreement, Norgine shall pay to Santarus tiered royalties on Net
Sales of Licensed Products in the Territory during the Royalty Term at the applicable rates set
forth in Section 7.5.1, subject to adjustment as set forth in Section 7.5.2 and Section 7.5.3.
Royalties with respect to Net Sales made in each Calendar Quarter shall be paid within [***] days
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          7.5.1 Royalty Rates. It is understood and agreed that applicable royalty rates on
Net Sales of Licensed Products under this Agreement shall be determined based on the Net Sales of
Licensed Products under this Agreement during the applicable calendar year, as follows:

	 	 	 
	Net Sales of Licensed Products (in U.S. Dollars) During Applicable Calendar Year	 	Royalty Rate
	 
	 	 
	Portion of annual Net Sales up to and including $[***] Million Dollars

	 	[***]%
	 
	 	 
	Portion of annual Net Sales over $[***] and up to and including $[***] Million Dollars

	 	[***]%
	 
	 	 
	Portion of annual Net Sales over $[***] and up to and including $[***] Million Dollars

	 	[***]%
	 
	 	 
	Portion of annual Net Sales over $[***] Million Dollars

	 	[***]%

          7.5.2 Royalty Term. Norgine’s obligation to pay royalties under this Agreement shall
continue with respect to sales of Licensed Product in a particular country within the Territory
until the date which is the later of: (i) fifteen (15) years from the first commercial sale
of a Licensed Product in such country in the Territory, or (ii) expiration of the last Valid Claim
in such country that would be infringed by the sale of such Licensed Product (the “Initial Royalty
Term”). Prior to the expiration of the Initial Royalty Term, Norgine, at its sole option, may
elect by notice to writing to Santarus to either: (i) extend Norgine’s rights and obligations under
this Agreement for an additional, mutually agreed upon period, including Norgine’s obligations to
pay the royalties on Net Sales as set forth in this Section 7.5, (ii) terminate this Agreement with
immediate effect, and Section 13.6 shall apply, or (iii) request, and Santarus may in its
reasonable discretion agree, to negotiate in good faith with respect to the reduction of the
royalty rates set forth in Section 7.5.1, or the elimination of royalties payable to Santarus, in
exchange for consideration from Norgine to be determined in connection with such good faith
negotiations, provided that in such event Norgine shall continue to be responsible for the payment
of any royalties owed to UMissouri pursuant to the Missouri Agreement. The Initial Royalty Term
and any extension of the Initial Royalty Term are referred to herein as the “Royalty Term”.

          7.5.3 Reduction in Royalties. In the event that Santarus’ obligation to pay royalties
to UMissouri on account of Net Sales of Licensed Products in the Territory is reduced in accordance
with the terms of the Missouri Agreement (as in effect as of the Effective Date) below the levels
set forth in Section 4.5.1 of the Missouri Agreement (as in effect as of the Effective Date), then
the royalty rates set forth in Section 7.5.1 above shall be reduced by an amount equal to [***] of
the difference between [***] and the reduced royalty rate due under the Missouri Agreement. By way
of example only, in the event that the royalty rate to be paid under the Missouri Agreement with
respect to Net Sales of Licensed Products in the Territory is reduced to [***], the royalty rate
payable by Norgine to Santarus under Section 7.5.1 above on account of such annual Net Sales under
[***] shall be reduced to [***]. For clarity, this Section
7.5.3 is not intended to apply to any

 

			
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circumstance where Santarus compensates UMissouri in exchange
for a reduced royalty rate or otherwise renegotiates the terms of the Missouri Agreement.

     7.6 OTC License Revenue. In the event that Santarus enters into an OTC License with
any Third Party at any time during the [***] following the
Effective Date, Santarus shall pay to Norgine [***] of all royalties and milestone payments
(excluding any upfront payments due to Santarus thereunder) (after deducting in each case all
payments due pursuant to the Missouri Agreement which are payable to Santarus pursuant to such OTC
License within [***] days of the date when such payment was due to be received by Santarus.

     7.7 Withholding. It is the understanding of the Parties that, at the Effective Date,
Norgine will not be required by Applicable Law to withhold taxes from milestone or royalty payments
due to Santarus under Sections 7.2 and 7.5 and Santarus will not be required by Applicable Law to
withhold taxes from payments due to Norgine under Section 7.6. If, during the term of this
Agreement a Party or its permitted assignee or successor in title changes its country of
incorporation or domicile such that following such change in country of incorporation or domicile
Norgine is required by Applicable Law to withhold taxes from milestone or royalty payments due to
Santarus under Sections 7.2 and 7.5 or Santarus is required by Applicable Law to withhold taxes
from payments due to Norgine under Section 7.6 the Parties shall meet to discuss and agree what
reasonable steps the Parties may take to mitigate the impact of withholding taxes on both
Parties. In the event that a Party is required under Applicable Law to withhold taxes from any
milestone, royalty or other payment payable to the other Party under this Agreement as a result of
a change of country of incorporation or domicile of the payee, its permitted assignee or successor
in title the payor shall make such payments net of the taxes it is required to withhold by
Applicable Law (but doing everything it can under Applicable Law to assist the other Party, its
permitted assignee or successor in title to recover such taxes or obtain tax credits therefor in
its then country of incorporation or domicile as agreed pursuant to the foregoing discussions). In
the event that the payor is required under Applicable Law to withhold taxes from any milestone or
royalty payment payable to the other Party under this Agreement as a result of a change of country
of incorporation or domicile of the payor, its permitted assignee or successor in title the amount
due from the payor to the payee shall be increased to an amount which (after making any required
withholding in respect of tax) leaves an amount equal to the payment which the payee would have
received if no such deduction or withholding had been required (and the payee shall do such things
reasonably required for the payor to reduce the amount it must withhold on such a payment as agreed
pursuant to the foregoing discussions).

     7.8 Method of Payments. All amounts payable to Santarus under this Agreement shall be
paid by wire transfer to a bank account it designates. All amounts payable to Norgine under this
Agreement shall be paid by wire transfer to a bank account it designates. All payments hereunder
shall be made in the legal currency of the United States of America, and all references to “$” or
“Dollars” shall refer to United States dollars. When Licensed Products are sold for monies other
than Dollars, the royalties will first be determined in the foreign currency of the country in
which such Licensed Products were sold and then converted into equivalent Dollars. The exchange
rate will be that rate quoted by The Wall Street Journal on the last Business Day of the reporting
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Except as otherwise set forth in this Agreement, including Section 7.5 with respect to
royalty payments, all payments due to a Party hereunder shall be due and payable within thirty (30)
days of an invoice from the other Party. All payments under this Agreement shall bear interest
from the date due until paid at a rate equal to [***] per
month, or, if less, the maximum rate permitted by Applicable Law. The payment of such interest
shall not limit either Party from exercising any other rights it may have as a consequence of the
lateness of any payment or breach of this Agreement by the other Party.

     7.9 Royalty Reports. Norgine shall, within [***] days following each Calendar
Quarter, make quarterly written reports to Santarus stating in each report, separately for Norgine
and each of its Affiliates and Sublicensees, and by country: (a) the number, description and
aggregate gross amounts invoiced and Net Sales of each Licensed Product sold in the Territory
during the immediately preceding Calendar Quarter, including reasonably detailed descriptions of
all itemized deductions from gross amounts invoiced; (b) the number of Licensed Products sold or
distributed on a product-by-product basis; (c) the calculated amount of royalties due Santarus on
account of such Net Sales; (d) the basis for calculation of royalties due to Santarus, including
applicable deductions or adjustments; (e) the exchange rates used in making such calculations; and
(f) the date of first commercial sale of each Licensed Product. If no royalties are due for a
particular Calendar Quarter, Norgine shall so report to Santarus. These reports shall be prepared
on a country-by-country basis in accordance with IFRS accounting principles, consistently applied.
Each Calendar Quarter Norgine shall also produce a consolidated figure of Net Sales made in the
entire Territory in that Calendar
Quarter, which figure shall be provided in accordance with GAAP. Norgine shall also make
monthly interim written reports to Santarus stating in each such report the aggregate Net Sales of
Licensed Products sold in each country in the Territory during the immediately preceding month.
This monthly report shall also state the aggregate Net Sales of Licensed Product in the Territory
in the relevant month in Euro plus the equivalent value of Net Sales in US dollars, with the
relevant exchange rate being the average monthly exchange rate for the month in question as quoted
by The Wall Street Journal on the last Business Day of the month in question, adjusted at an
aggregate level to Net Sales in accordance with GAAP. Norgine’s reports under this Section 7.9
shall be transmitted to Santarus by email (to [***] and [***], or to such other e-mail address(es)
as Santarus may from time to time designate in writing). Monthly interim reports shall be sent
within seven (7) Business Days after the end of each calendar month.

     7.10 Audits. Norgine shall keep, and cause its Affiliates and any Sublicensees to
keep, complete and accurate records in sufficient detail to enable a calculation of royalties due
to Santarus on account of Net Sales of Licensed Products in the Territory, determined in accordance
with IFRS, consistently applied (including calculation of gross amounts invoiced for each Licensed
Product, Net Sales of each Licensed Product, all itemized deductions from gross amounts invoiced
taken to calculate Net Sales, and amounts payable hereunder to Santarus for each Licensed Product)
and adjusted at an aggregate level to Net Sales in accordance with GAAP. Upon the written request
of Santarus, Norgine shall permit a certified public accounting firm reasonably acceptable to the
Parties to inspect during regular business hours on Business Days and no more than [***] a calendar
year and going back no more than [***] years after receipt of the respective royalty report, all or
any part of the records and books necessary to verify such report. The accounting firm shall enter
into

 

			
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appropriate confidentiality obligations with Norgine to treat all information it receives
during its inspection in confidence. The accounting firm shall disclose to the Parties only the
extent to which such reports are correct and details concerning any discrepancies, and no other
information shall be disclosed to Santarus. The records and results of such audits shall be deemed
Confidential Information of Norgine. If the review reflects an underpayment to Santarus, such
underpayment shall be promptly remitted to Santarus, together with interest calculated in the
manner provided in Section 7.8. If the review reflects an overpayment to Santarus, such
overpayment shall be credited against the next payment due Santarus. If the review reveals an
underpayment of more than [***] of the amounts due for any period of
[***] consecutive Calendar Quarters, Norgine shall reimburse
Santarus for the costs of such audit.

ARTICLE 8

INTELLECTUAL PROPERTY RIGHTS

     8.1 Inventions.

          8.1.1 General. With respect to Know-How and Patents arising as a result of each
Party’s performance under this Agreement, (a) title to all Know-How and any other intellectual
property developed, conceived or reduced to practice solely by Norgine or its Affiliates,
employees, agents or subcontractors hereunder (each a “Norgine Invention”) shall, as between the
Parties, be solely owned by Norgine, (b) title to all Know-How and any other intellectual
property developed, conceived or reduced to practice solely by Santarus or its Affiliates,
employees, subcontractors or agents hereunder (each a “Santarus Invention”) shall, as between the
Parties, be solely owned by Santarus, and (c) title to all Know-How and any other intellectual
property made jointly by Norgine, or its Affiliates, employees, agents or subcontractors and
Santarus, or its Affiliates, employees,
subcontractors or agents (each a “Joint Invention”) shall, as between the Parties, be jointly
owned. Inventorship for the purposes of this Section shall be determined in accordance with, and
taking into account, the laws of inventorship in the country in which such Know-How or other
intellectual property is developed, conceived or reduced to practice. Each Party retains an
undivided one-half interest in and to Joint Inventions (including Patents and Know-How therein).

     8.2 Patent Prosecution.

          8.2.1 Other Santarus Patents. As between the Parties, Santarus shall have the sole
right, to control the Prosecution and Maintenance of the Other Santarus Patents using counsel of
its choice and Norgine agrees to reimburse Santarus for Santarus’ reasonable out-of-pocket
expenses (including amounts reimbursed therefor to any other licensor of Santarus Patents) in
connection with such activities with respect to the Territory as they are incurred. Santarus
shall use reasonable efforts to prosecute patent applications forming part of Other Santarus
Patents to grant with Valid Claims in the Territory as reasonably directed by Norgine. Santarus
shall keep Norgine reasonably informed of all filings made for Santarus Patents in the Territory.
Santarus shall give Norgine the opportunity to advise and comment upon the prosecution of patent
application claims that are subject to Norgine’s license rights under this Agreement in the
Territory. Santarus shall, in good faith, consider such advice and comments of Norgine and
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reasonably acceptable to Santarus. Upon the request of Norgine,
the Parties shall discuss in good faith the filing at Norgine’s expense of any further Patents
claiming priority or filing rights from the Other Santarus Patents beyond those Santarus may elect
to file, provided that such future Patents contain claims that are subject to Norgine’s license
rights under this Agreement. In the event that Santarus declines to file or, having filed,
declines to further Prosecute and Maintain any Other Santarus Patent in any country of the
Territory, Santarus shall provide Norgine with written notice thereof. In the case where Santarus
has filed but is declining to further Prosecute or Maintain such Other Santarus Patent, Santarus
shall use reasonable effort to provide such notice at least thirty (30) days prior to the
expiration of any official substantive deadline relating to such activities. In any of such
circumstances Norgine shall have the right to decide that Norgine should file, continue to file or
Prosecute and Maintain such Other Santarus Patent and in such case Norgine shall give written
notice to Santarus and Santarus will Prosecute or Maintain such Other Santarus Patent as
reasonably directed by Norgine.

          8.2.2 Missouri Patents. Santarus shall use Commercially Reasonable Efforts to
exercise its rights under the Missouri Agreement concerning the prosecution and maintenance of the
Missouri Patents in the Territory. Santarus shall keep Norgine reasonably informed of all filings
made for Missouri Patents and shall share with Norgine material filings and patent office
correspondence received by Santarus relating to the prosecution and maintenance of the Missouri
Patents in the Territory. This information shall be the Confidential Information of Santarus.
Santarus shall communicate to UMissouri’s patent counsel all reasonable requests of Norgine
concerning submission of documents to government patent offices it receives from Norgine. Norgine
agrees to reimburse Santarus for Santarus’ reasonable out-of-pocket expenses including amounts
reimbursed therefor to UMissouri in connection with the Prosecution and Maintenance of Missouri
Patents with respect to the Territory as they are incurred.

          8.2.3 Joint Patents. Should there be any patentable Joint Inventions the Parties
will discuss which Party will be responsible for the Prosecution and Maintenance of Patents
claiming Joint Inventions on a case by case basis.

          8.2.4 Prosecute and Maintain. For purposes of this Section 8.2, “Prosecution and
Maintenance” shall mean, with respect to a Patent, the preparing, filing, prosecuting,
nationalizing, registering and maintaining such Patent, as well as reexaminations, reissues,
confirmations, renewals, requests for Patent term extensions, supplemental protection certificates
and the like with respect to such Patent, together with the conduct of interferences, the
defense of oppositions and other similar proceedings with respect to the particular Patent; and
“Prosecute and Maintain” shall have the correlative meaning.

     8.3 Third Party Patent Issues

          8.3.1 Defense of Third Party Infringement Claims. If any Licensed Product developed,
manufactured or commercialized by or under authority of Norgine or its Affiliates or Sublicensees
becomes the subject of a Third Party’s claim or assertion of infringement of a Patent relating to
the development, manufacture or commercialization of such Licensed Product for applications in the
Field in the Territory, the Party first having notice of the claim or assertion shall promptly
notify the other Party in writing, and, without limiting Norgine’s indemnification obligations
under Section 10.2, the Parties shall promptly confer to consider the claim or assertion and the
appropriate course of action. Unless the Parties otherwise agree in writing, each Party

25

 

shall
have the right to defend itself against a suit that names it as a defendant (the “Defending
Party”). Neither Party shall enter into any settlement of any claim described in this Section 8.3
that adversely affects the other Party’s rights or interests without such other Party’s written
consent, which consent shall not be unreasonably conditioned, withheld or delayed. In any event,
the other Party shall reasonably assist the Defending Party and cooperate in any such litigation
at the Defending Party’s request and expense.

          8.3.2 Relevant Third Party Patents. In the event that Norgine is required by law or
by written agreement of the Parties to enter into a license with the Third Party and to pay
license fees to a Third Party in respect of Relevant Third Party Patent rights in any country,
then Norgine will be entitled to deduct from the future royalties payable to Santarus a proportion
of any royalties due to such Third Party for a license under such Relevant Third Party Patent as
set forth below. For the purposes of Section 8.3, a “Relevant Third Party Patent” shall mean a
Patent Controlled by a Third Party which contains a claim that covers (as determined by a final,
unappealable determination by a court of law) or arguably covers (as mutually agreed by the
Parties) a Licensed Product (as defined in parts (a) and (b) of Section 1.16), the formulation of
such a Licensed Product (as defined in parts (a) and (b) of Section 1.16), a method or process for
the manufacture of such a Licensed Product (as defined in parts (a) and (b) of Section 1.16) or a
method of use or administration of such a Licensed Product (as defined in parts (a) and (b) of
Section 1.16) in the country of development, manufacture, use or sale of the Licensed Product as
the case may be. Norgine shall bring to the attention of Santarus any Patent which it believes is
a Relevant Third Party Patent. The Parties agree to meet, within [***] days after such
notification, along with their patent counsel under the appropriate confidentiality obligations,
including if necessary the execution of a joint defense agreement to discuss in good faith the
basis of the determination that such Patent is a Relevant Third Party Patent. During such meeting
the Parties agree to discuss such facts, findings, conclusions, opinions and other information as
the Parties deem relevant. At the end of such discussions,

	 	(i)	 	if the Parties, acting reasonably, agree such Patent is a
Relevant Third Party Patent, and Santarus agrees to a maximum royalty rate
that may be paid to the owner of the Relevant Third Party Patent under a
license agreement for such Relevant Third Party Patent, then Norgine will be
entitled to deduct
from the future royalties payable to Santarus
[***] of any royalties paid to such Third Party for a license
under such Relevant Third Party Patent provided that such royalties due do
not exceed the maximum royalty rate agreed to by Santarus and Norgine;
	 
	 	(ii)	 	if the Parties, acting reasonably, agree such Patent is a
Relevant Third Party Patent, but, acting reasonably, are unable to reach
agreement on a maximum royalty rate that may be paid to the owner of the
Relevant Third Party Patent under a license agreement for such Relevant Third
Party Patent, then Norgine will be entitled to deduct from the future royalties

 

			
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	 	 	 	payable to Santarus [***] of any royalties paid to such Third Party
for a license under such Relevant Third Party Patent, provided, however, that
the amount of such deduction in any accounting period shall not exceed [***]
of royalties otherwise due under this Agreement; or
	 
	 	(iii)	 	if the Parties, acting reasonably, are unable to reach
agreement on whether such Patent is a Third Party Patent, the matter shall be
handled in accordance with the dispute resolution procedures set forth in
Article 14 (provided that to the extent that the Parties are unable to
resolve such dispute informally in accordance with Section 14.1 and have
determined to pursue further action in accordance with Section 14.2, the
Parties shall take all reasonable steps to maintain confidentiality and joint
defense/privilege to the fullest extent permitted by law and the
determination concerning whether a particular Patent is a Relevant Third
Party Patent shall be governed by the laws of the country in which such
Patent is granted). In the event there is a dispute resolution under this
Section 8.3.2(iii) to reach an agreement on whether a Patent is a Relevant
Third Party Patent, each Party shall bear its own costs, and if such Patent
is determined to be a Relevant Third Party Patent pursuant to Article 14,
Section 8.3.2(ii) will apply.

Notwithstanding the foregoing, in no event shall the royalties payable by Norgine to Santarus under
this Agreement on account of Net Sales in the Territory be less than the royalties payable by
Santarus pursuant to the Missouri Agreement on account of Net Sales in the Territory.

     8.4 Enforcement of Santarus Patents.

          8.4.1 Missouri Patents. It is understood and agreed that, with respect to the
Missouri Patents, the provisions set forth in this Section 8.4 shall apply only to the extent
consistent with Santarus’ rights under the Missouri Agreement.

          8.4.2 General Enforcement. Each Party shall promptly notify the other Party in
writing of any actual or suspected infringement of any claim in a Santarus Patent in the Field in
the Territory, which claim is subject to Norgine’s license rights hereunder (including via
unauthorized importation into the Territory for sale in the Territory) or is subject to a
declaratory judgment action alleging non-infringement or unenforceability. Such notice shall
specify in reasonable detail the nature of such actual or suspected infringement or judicial
action. Norgine shall not give notice (written or other) of infringement of any of the Santarus
Patents to any Third Party without Santarus’ prior written consent; provided, however, that Norgine
may give such notice to a Third Party,
without Santarus’ consent but upon [***] days’ prior written
notice to Santarus, if (a) Santarus has declined to take steps to abate such infringement in the
Field in the Territory and Norgine has the right to enforce the Santarus Patents against such Third
Party infringer as set forth in this Section 8.4.2; or (b) disclosure is required by securities or
other Applicable Laws to which Norgine is subject; or (c) disclosure is made confidentially (as
allowed under Applicable Laws) in the course of a financial audit. Unless the Parties otherwise
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initial right, using counsel of its choice, to
enforce the Santarus Patents in the Field in the Territory or defend any declaratory action with
respect thereto in the Territory (an “Enforcement Action”), at its expense, and Norgine shall give
all reasonable assistance (excluding financial assistance) as requested by Santarus to Santarus in
such Enforcement Action, at Santarus’ expense. However, if (i) Santarus elects in writing not to
bring or defend an Enforcement Action with respect to any Licensed Product in the Territory for use
in the Field for which Norgine has license rights under this Agreement or (ii) within [***] days
following a written request by Norgine to do so and confirmation of facts reasonably supporting
existence of such actual or suspected infringement with respect to Licensed Products in the
Territory for use in the Field for which Norgine has license rights under this Agreement, Santarus
fails to bring or defend an Enforcement Action or take other commercially reasonable action to
protect the Santarus Patents from such infringement, or to abate such infringement (which may in
Santarus’ discretion include, without limitation, negotiations for a license (not in conflict with
the licenses granted Norgine herein) from Santarus), then Norgine shall have the right, at its sole
discretion, to institute an Enforcement Action in the Field in the Territory in its own name using
counsel of its choice, at its own expense, and with the right to control the course of such
Enforcement Action (and Santarus shall provide all reasonable assistance, other than financial, to
Norgine for such Enforcement Action, at Norgine’s expense, including joining such Enforcement
Action if necessary to maintain the Enforcement Action, and Santarus shall have the right to join
and participate in the Enforcement Action if such joinder is not requested by Norgine or otherwise
required at its own cost and expense).

          8.4.3 Recoveries. Any recovery received as a result of any Enforcement Action to
enforce a Santarus Patent pursuant to this Section 8.4 shall be used first to reimburse the
Parties for the costs and expenses (including attorneys’ and professional fees and amounts paid or
payable to the UMissouri) incurred in connection with such Enforcement Action (and not previously
reimbursed), first to the first Party bringing or defending the Enforcement Action. Of any
remaining amounts, the amount (if any) which is required to be paid to UMissouri under the terms
of the Missouri Agreement, shall then be paid to UMissouri, and any amounts remaining thereafter
shall: (i) if such Enforcement Action was brought with respect to infringing activities in a
country in the Territory where Norgine, its Affiliates or Sublicensees had not commenced
commercial sales of a Licensed Product in such country at the time of the notice pursuant to the
first sentence of Section 8.4.2, be shared [***] to
Santarus and [***] to Norgine, and (ii) if such Enforcement Action was brought with respect to
infringing activities in a country in the Territory where Norgine, its Affiliates or Sublicensees
had commenced commercial sales of a Licensed Product in such country at the time of the notice
pursuant to the first sentence of Section 8.4.2, be treated as Net Sales and Santarus shall be
entitled to receive a royalty thereon pursuant to Section 7.5.

          8.4.4 Limits on Disposition. In no case may Norgine enter into any settlement or
consent judgment or other voluntary final disposition that: (a) extends, or purports to exercise,
Norgine’s rights under the Santarus IP beyond the rights expressly granted pursuant to this
Agreement, (b) makes any admission regarding wrongdoing by Norgine, its Affiliates or Sublicensees
by Santarus or UMissouri or any other licensor of Santarus Patents, or the invalidity,
unenforceability or absence of infringement of any Santarus Patents; (c) subjects Santarus, its
Affiliates, licensors or licensees to an injunction or other equitable relief; or (d) obligates
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its Affiliates, licensors or licensees to make a monetary payment; in all cases without
the prior written consent of Santarus. Similarly, in no case may Santarus enter into any
settlement or consent judgment or other voluntary final disposition that: (i) limits Norgine’s
rights under the Santarus IP or under this Agreement other than as expressly stated herein; (ii)
makes any admission regarding wrongdoing on the part of Norgine, an Affiliate or Sublicensee, or
the invalidity, unenforceability or absence of infringement of any Norgine IP; (iii) subjects
Norgine to an injunction or other equitable relief; (iv) obligates Norgine to make a monetary
payment; or (v) extends, or purports to exercise, Santarus’ rights under the Norgine IP beyond the
rights expressly granted pursuant to this Agreement; in all cases without the prior written
consent of Norgine.

ARTICLE 9

REPRESENTATIONS AND WARRANTIES

     9.1 Representations and Warranties of Both Parties. Each Party hereby represents and
warrants to the other Party that, as of the Effective Date:

          9.1.1 Good Standing. Such Party is duly organized, validly existing and in good
standing under the applicable law of the state or country of its incorporation, is duly qualified
to transact the business in which it is engaged in each jurisdiction where failure to be so
qualified would have a material adverse effect upon its business as currently conducted, and has
full corporate power and authority to enter into this Agreement and to carry out the provisions of
this Agreement.

          9.1.2 Power and Authority. Such Party has the requisite power and authority and the
legal right to enter into this Agreement, and to perform its obligations hereunder, and has taken
all necessary corporate action on its part to authorize the execution and delivery of the
Agreement and the performance of its obligations hereunder. All Persons who have executed this
Agreement on behalf of such Party, or who will execute on behalf of such Party any agreement or
instrument contemplated hereby, have been duly authorized to do so by all necessary corporate
action.

          9.1.3 Binding Obligation. This Agreement has been duly executed and delivered on its
behalf and (assuming the due execution and delivery hereof by the other Party) each such agreement
is a legal and valid obligation binding upon it and is enforceable, in accordance with its terms,
to the extent provided under Applicable Law.

          9.1.4 No Conflicts. The execution and the delivery of this Agreement by such Party
and the consummation of the transactions contemplated hereby will not, to the best of such Party’s
knowledge, materially conflict with or result in a material breach of any of the terms, conditions
or provisions of, or constitute an express event of default under, any material instrument,
agreement, mortgage, judgment, order, award, or decree to which such Party is a party or by which
it is bound.

          9.1.5 Compliance with Applicable Law. Such Party and its Affiliates are, and will
ensure that they remain throughout the Term, in compliance in all material respects with all
requirements of Applicable Laws. Norgine shall also ensure that any Sublicensees remain
throughout the Term in compliance in all material respects with all requirements of Applicable
Laws.

     9.2 Representations and Warranties of Santarus. Santarus hereby represents and
warrants to Norgine that, as of the Effective Date:

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          9.2.1 Right, Title and Interest. Except as provided in the Missouri Agreement or as
otherwise described on Exhibit 1.37, Santarus is the sole and exclusive owner or exclusive
licensee of the rights under each of the Santarus Patents granted to Norgine pursuant to Section
2.1.1, and to Santarus’ knowledge, all maintenance fees and annual payments due for the Santarus
Patents have been paid. Santarus is the sole owner of the Santarus Marks set forth in Exhibit
1.36 and to Santarus’ knowledge all maintenance fees due for the Santarus Marks have been
paid. Santarus is the owner of or licensee under the Santarus Know How to which Norgine has been
granted rights pursuant to Section 2.1.1 or otherwise has the right to provide the
Santarus Know How the subject of such license to Norgine.

          9.2.2 Exhibits are Complete. Exhibit 1.36 is a complete and accurate listing
of all Patents in the Territory in the Field existing as of the Effective Date covering the
Licensed Products Controlled by Santarus. Exhibit 1.37 is a complete and accurate listing
of all Santarus Marks in the Territory in the Field existing as of the Effective Date Controlled
by Santarus.

          9.2.3 No Charges. Except as set forth on Exhibit 1.36 and Exhibit
1.37, there are no liens or security interests granted by Santarus in favor of a third party
to any Other Santarus Patent or Santarus Marks at the Effective Date.

          9.2.4 No Third Party Claims. Santarus has not received any written claim or demand
from any Third Party alleging any infringement, violation or misappropriation of such Third
Party’s intellectual property rights has occurred as a result of Santarus’ activities in the
Territory, nor is Santarus aware of any material actual, alleged or threatened infringement,
violation or misappropriation by a Third Party of any of the Santarus IP in the Territory. There
are no existing or, to Santarus’ knowledge, threatened litigation actions, suits, claims,
proceedings or governmental investigations in the Territory involving Licensed Products or
Santarus Patents by or against Santarus or any of its Affiliates.

          9.2.5 Patent Proceedings. To Santarus’ knowledge, none of the Santarus Patents
listed on Exhibit 1.37 is subject to any pending re-examination, opposition, interference
or other invalidity proceeding in the Territory.

          9.2.6 Infringement by Third Parties. To Santarus’ knowledge, there are no current
infringements of Santarus Patents or Santarus Marks by any Person in the Territory.

          9.2.7 Completeness of Data. Santarus has made available to Norgine at Santarus’ San
Diego, California offices, all material regulatory correspondence and clinical study results in
its Control for the Currently Approved U.S. Products.

          9.2.8 Missouri Agreement. To Santarus’ knowledge UMissouri is in material compliance
with the terms of the Missouri Agreement. Santarus has not received written notice of default or
termination from UMissouri with respect to the Missouri Agreement

     9.3 No Reliance by Third Parties. The representations and warranties of a Party set
forth in this Agreement are intended for the sole and exclusive benefit of the other Party hereto,
and may not be relied upon by any Third Party.

     9.4 Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS ARTICLE 9,
SANTARUS AND NORGINE EXPRESSLY DISCLAIM ANY

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REPRESENTATIONS OR WARRANTIES, EXPRESS, IMPLIED,
STATUTORY OR OTHERWISE, WITH RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT (INCLUDING THE
SANTARUS IP), INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR
NON-INFRINGEMENT OF THE INTELLECTUAL PROPERTY RIGHTS OF ANY THIRD PARTY.

ARTICLE 10

INDEMNIFICATION; INSURANCE AND LIMITATIONS

     10.1 Santarus Indemnification Obligations. Santarus will indemnify, defend and hold
harmless Norgine, its Affiliates, and their respective officers, directors, trustees, agents,
employees and Sublicensees (collectively, “Norgine Indemnitees”), from and against any and all
losses, liabilities, claims, obligations, demands, awards, settlements, penalties, fines, suits,
damages, costs (including costs of investigation, defense and enforcement of this Agreement), fees,
taxes, and expenses, including reasonable attorneys’ fees, experts’ fees and expenses, incurred or
suffered in respect of a claim or action of a Third Party (collectively, “Losses”) that are
incurred or suffered by the Norgine Indemnitees or any of them by reason of, arising out of or in
connection with:

          (a) any breach of contract or negligence on the part of Santarus in performing Santarus’
obligations under this Agreement, or

          (b) the development, manufacture, storage, handling, physical distribution, import or use of
Licensed Products by or under authority of Santarus, its Affiliates its partners or other
sublicensees in the Territory, whether such activities relate to the use of Licensed Product inside
or outside the Field;

provided, however, except in each case to the extent that such Loss is attributable to any matter
for which Norgine is obligated to indemnify a Santarus Indemnitee as provided in Section 10.2.

     10.2 Norgine Indemnification Obligations. Norgine will indemnify, defend and hold
harmless Santarus, its Affiliates and licensors (including the UMissouri), and their respective
officers, directors, trustees, agents, curators and employees, inventors of, and sponsors of the
research that led to, any of the inventions covered by Santarus Patents, and their employees
(collectively, “Santarus Indemnitees”), from and against any and all Losses incurred or suffered by
the Santarus Indemnitees or any of them, by reason of, arising out of or in connection with:

          (a) any breach of contract or negligence on the part of Norgine in performing Norgine’s
obligations or permitted activities under this Agreement; or

          (b) the development, manufacture, storage, handling, distribution, marketing, advertisement,
promotion, import, use or sale of Licensed Products by or under authority of Norgine, its
Affiliates or Sublicensees;

provided, however, (i) except in each case to the extent that such Loss is attributable to any
matter for which Santarus is obligated to indemnify a Norgine Indemnitee as provided in Section
10.1 and (ii) that any deduction from a payment made by Norgine pursuant to Section 7.5 shall not
be a Loss for the purposes of Section 10.2 where the deduction is made in circumstances where the
Parties have agreed pursuant to Section 8.3.2 or it has otherwise been settled pursuant to Section
8.3.2 that

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the Parties will share the royalties paid by Norgine to a Third Party with respect to a
Relevant Third Party Patent.

     10.3 Indemnity Procedures. A Person entitled to indemnification pursuant to either
Section 10.1 or Section 10.2 will hereinafter be referred to as an “Indemnitee.” A Party obligated
to indemnify an Indemnitee hereunder will hereinafter be referred to as an “Indemnitor.” In the
event an Indemnitee is seeking indemnification under either Section 10.1 or Section 10.2, the
Indemnitee will inform the Indemnitor of a claim as soon as reasonably practicable after it
receives notice of the claim, it being understood and agreed that the failure by an Indemnitee to
give notice of a claim as provided in this Section 10.3 will not relieve the Indemnitor of its
indemnification obligation under this Agreement except and only to the extent that such Indemnitor
is actually prejudiced as a result of such failure to give notice. The Indemnitee will permit the
Indemnitor to assume direction and control of the defense of the claim (including, subject to this
Section 10.3, the right to settle the claim solely for monetary consideration to be paid by the
Indemnitor), and, at the Indemnitor’s expense, will co-operate as reasonably requested in the
defense of the claim. The Indemnitee will
have the right to retain its own counsel at its own expense; provided that, if the Indemnitor
assumes control of such defense and the Indemnitee reasonably concludes, based on advice from
counsel, that the Indemnitor and the Indemnitee have conflicting interests with respect to such
action, suit, proceeding or claim, the Indemnitor will be responsible for the reasonable fees and
expenses of counsel to the Indemnitee solely in connection therewith. The Indemnitor may not settle
such action or claim, or otherwise consent to an adverse judgment in such action or claim, in any
manner which admits liability or wrongdoing of the Indemnitee, or which would subject the
Indemnitee to an injunction, or if such settlement or judgment would materially diminish or limit
or otherwise adversely affect the rights, activities or financial interests of the Indemnitee,
without the express written consent of the Indemnitee.

     10.4 No Punitive or Exemplary Damages. EXCEPT FOR BREACHES OF THE OBLIGATIONS SET
FORTH IN ARTICLE 12, NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR (A) ANY LOSS OF PROFITS OR
TURNOVER, OR (B) SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES SUFFERED BY THE OTHER PARTY
UNDER THIS AGREEMENT, EXCEPT TO THE EXTENT A PARTY IS REQUIRED TO INDEMNIFY THE OTHER PURSUANT TO
THIS ARTICLE 10 WITH RESPECT TO ANY SUCH DAMAGES PAID TO A THIRD PARTY AS PART OF A CLAIM.

     10.5 Insurance.

               10.5.1 Norgine. Norgine shall itself, and shall ensure its Affiliates and
Sublicensees, maintain comprehensive general liability insurance, including broad form contractual
liability, in an amount of at least [***] and product
liability coverage in an amount of at least [***] for bodily injury and property damage during the
Term and thereafter for a period of five (5) years. Norgine shall give Santarus at least thirty
(30) days prior written notice of any cancellation or termination of such insurance. The minimum
level of insurance set forth herein will not be construed to create a limit on Norgine’s or its
Affiliates or Sublicensees’ liability with respect to its indemnification obligations hereunder.
Norgine will furnish to Santarus a certificate of insurance evidencing such coverage (or evidence
reasonably acceptable to Santarus of Norgine’s level of self-insurance) as of the Effective Date
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of insurance evidencing such coverage (or evidence reasonably acceptable to Santarus of
Norgine’s level of self-insurance) as of the Effective Date and upon reasonable request by
Santarus at any time thereafter.

ARTICLE 11

FORCE MAJEURE

     Any delays in performance by any Party under this Agreement, other than with respect to the
payment obligations, shall not be considered a breach of this Agreement if and to the extent caused
by Force Majeure. The Party suffering such Force Majeure event shall notify the other Party in
writing as soon as practicable of such inability and of the period for which such inability is
expected to continue, and any time for performance hereunder shall be extended by the actual time
of delay caused by the Force Majeure event; provided that the Party suffering such occurrence uses
Commercially Reasonable Efforts to mitigate any damages incurred by the other Party.

ARTICLE 12

CONFIDENTIALITY

     12.1 Confidential Information. Norgine and Santarus each hereby recognize and
acknowledge that the other Party’s Confidential Information constitutes valuable and confidential
information. Subject to other express provisions of this Agreement, Norgine and Santarus each
agree as follows that during the Term, and for a period of five (5) years after the effective date
of termination of this Agreement for any reason:

               (a) The Parties will not disclose, directly or indirectly, in any manner whatsoever to any
Third Parties any Confidential Information received from the other Party (the “Disclosing Party”)
without first obtaining the written consent of the Disclosing Party, and the other Party
(“Recipient”) will keep confidential, all of the Disclosing Party’s Confidential Information that
is disclosed to Recipient. Recipient agrees to use the same level of care in safeguarding the
Disclosing Party’s Confidential Information that Recipient uses with its own confidential
information of a similar nature, but in no event less than reasonable care. Recipient will
restrict disclosure of the Disclosing Party’s Confidential Information solely to those of its (or
its Affiliate’s) employees or representatives having a need to know such Confidential Information
in order to exercise a right granted or fulfill an obligation under, this Agreement.

               (b) Both Parties shall ensure that each of their respective employees and representatives who
will have access to the Confidential Information of the Disclosing Party are bound by an agreement
to maintain such Confidential Information in accordance with the confidentiality obligations set
forth in this Article 12.

               (c) Recipient will not use the Disclosing Party’s Confidential Information in any manner
whatsoever other than solely in connection with the performance of its obligations, or exercise of
its rights, under this Agreement in accordance with the terms and conditions set forth in this
Agreement.

               (d) Except as permitted by this Article 12, Norgine and Santarus each agree not to disclose
any terms or conditions of this Agreement or the existence of this Agreement to any Third Party
without the prior written consent of the other Party, provided that each Party will be entitled to
disclose the terms of this Agreement without such consent to its advisors and

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potential and existing financing sources, acquirors/acquirees (including to the consultants
and advisors of the foregoing), and to others (including in the case of Santarus, to UMissouri and,
in the case of Norgine, to potential and existing Sublicensees), in each case on a need-to-know
basis and on the condition that such Persons agree to keep such Confidential Information in
accordance with the obligations set forth in this Article 12. In addition, either Party may
disclose the terms of this Agreement to the extent reasonably required by Applicable Law or by
applicable rules of any national stock exchange on which the shares of such Party are listed.

               (e) In the event Recipient is requested pursuant to, or required by, Applicable Law to
disclose any of the Disclosing Party’s Confidential Information, it will notify the Disclosing
Party promptly in writing so that the Disclosing Party may seek a protective order or other
appropriate remedy or, in the Disclosing Party’s sole discretion, waive compliance with the
confidentiality provisions of this Agreement. At the Disclosing Party’s expense, Recipient will
co-operate in all reasonable respects, in connection with any reasonable actions to be taken for
the foregoing purpose. Recipient may, without liability, disclose the Confidential Information of
the other Party to the extent such disclosure is required under Applicable Law, and Recipient will
exercise reasonable efforts to obtain reliable assurances that confidential treatment will be
accorded to any of the Disclosing Party’s Confidential Information so disclosed.

               (f) Upon the effective date of the termination of this Agreement for any reason, either Party
may request in writing, and the other Party will either: (i) promptly destroy all copies of the
requesting Party’s Confidential Information in the possession of the other Party and confirm such
destruction in writing to the requesting Party; or (ii) promptly deliver to the requesting Party,
at the other Party’s expense, all copies of such Confidential Information in the possession of the
other Party, provided, however, the other Party will be permitted to retain one (1) copy of the
requesting Party’s Confidential Information for the sole purpose of determining any continuing
obligations hereunder (or in the case of Santarus, fulfill its obligations under the Missouri
Agreement). Additionally, except as otherwise expressly provided herein, upon termination of this
Agreement for any reason, both Parties will immediately cease all use of the other Party’s
Confidential Information including, to the extent reasonably possible, removing all references to
such Confidential Information from its internal analyses, memoranda, compilations, studies or other
documents. All Confidential Information will continue to be subject to the terms of this Agreement
for the period set forth in this Section 12.1.

               (g) Notwithstanding the provisions of this Article 12, the Parties agree that nothing
contained in this Article 12 will prevent (i) Norgine from disclosing any Santarus Confidential
Information, without obtaining Santarus’ prior consent, to any Affiliate of Norgine or to any Third
Party who has a need to know such Confidential Information for the purposes of engaging in the
development, manufacture or commercialization of Licensed Products in the Field in the Territory in
accordance with this Agreement (including but not limited to Sublicensees); provided that such
Affiliate, Third Party or Sublicensee is bound by obligations of confidentiality and non-use no
less burdensome than those set forth in this Agreement with respect to the Confidential
Information, (ii) Norgine from disclosing any Santarus Confidential Information, without obtaining
Santarus’ prior consent, to Regulatory Authorities in the Territory for the purposes of obtaining
Marketing Authorizations for Licensed Products in the Field in the Territory, (iii) Santarus from
disclosing any Norgine Confidential Information, without obtaining Norgine’s prior consent, to
UMissouri, as required under the Missouri Agreement, or to any Affiliate of Santarus or to any
Third Party who has a need to know such Confidential Information for the purposes of engaging in
the

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development, manufacture or commercialization of Licensed Products for sale outside of the
Territory; provided that such Affiliate or Third Party is bound by obligations of confidentiality
and non-use no less burdensome than those set forth in this Agreement with respect to the
Confidential Information or (iv) Santarus from disclosing information or data related to Licensed
Products in its filings or submissions to Regulatory Authorities in connection with Licensed
Products.

               (h) The confidentiality obligations set forth in this Article 12 will supersede that certain
Mutual Confidentiality Agreement between Norgine or its Affiliate and Santarus dated August 11,
2005 (“Confidentiality Agreement”), and will govern any and all information disclosed by either
Party to the other pursuant thereto.

     12.2 Publicity. Any key announcements or publicity regarding the existence of this
Agreement or any terms or subject matter of this Agreement by either Norgine or Santarus will be
agreed to by Norgine and Santarus in writing in advance of any such announcement or publicity. The
Party preparing any such announcement, publicity or press release will provide the other Party with
a draft thereof reasonably in advance of disclosure so as to permit the other Party to review and
comment on such announcement, publicity or press release, unless securities or other Applicable Law
otherwise requires sooner public disclosure. The foregoing notwithstanding, the Parties have
agreed on a press release to announce the execution of this Agreement, together with a
corresponding question/answer outline for use in responding to inquiries about this Agreement.
Thereafter, Norgine and Santarus may each disclose to Third Parties the information contained in
such press release and question/answer outline without the need for further approval by the other
Party. Each Party agrees that it will cooperate fully with the other with respect to all
disclosures regarding or arising out of the activities under this Agreement as required by the U.S.
Securities Exchange Commission (or any foreign equivalent thereof), the rules of any stock exchange
on which such Party’s securities may be listed from time to time, and any other governmental
authority, including requests for confidential treatment of proprietary information of either Party
included in any such disclosure.

     12.3 Trial Data; Publication; Trade Shows and Conferences. To the extent that Norgine
conducts any clinical trials permitted under the terms and conditions of this Agreement, Norgine
shall not submit for written, electronic or oral publication any document, manuscript, abstract or
the like which includes any Data related to Licensed Products, without obtaining Santarus’ prior
written consent, not to be unreasonably withheld, conditioned or delayed. The Parties also agree
to notify each other in advance and reasonably coordinate in the event that, in the case of
Santarus, Santarus plans to present at a trade show or conference in the Territory with regard to
Licensed Products, or in the case of Norgine, Norgine plans to present at a trade show or
conference outside the Territory with regard to Licensed Products.

ARTICLE 13

TERM AND TERMINATION

     13.1 Term. The term of this Agreement (the “Term”) will commence on the Effective
Date and, unless sooner terminated as provided in this Article 13, shall continue in effect for so
long as Norgine continues to sell any Licensed Product pursuant to the licenses granted hereunder
in any country within the Territory.

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     13.2 Termination for Material Breach. Each Party will be entitled to terminate this
Agreement in its entirety at any time during the Term by written notice to the other Party in the
event that the other Party is in default or breach of any of its material obligations hereunder,
and fails to remedy any such default or breach within sixty (60) days or, in the case of a failure
to pay amounts due hereunder, within fifteen (15) days (respectively, the “Cure Period”) after
written notice thereof by the non-defaulting/non-breaching Party. In addition, and notwithstanding
the generality of the foregoing, Santarus will be entitled to, upon written notice to Norgine
referencing this Section 13.2, terminate this Agreement in the event of a Diligence Failure as set
forth in Section 4.2, which is not cured by Norgine within sixty (60) days of such notice. If such
default or breach is not corrected within the applicable Cure Period, the
non-defaulting/non-breaching Party will have the right to immediately terminate this Agreement by
giving written notice to the Party in default or breach, except that if the allegedly
defaulting/breaching Party in good faith disputes either such default or breach or the failure to
remedy such default or breach and provides written notice thereof to the
non-defaulting/non-breaching Party within the applicable time period, then the matter will be
addressed under the dispute resolution provisions in Section 14, and the
non-defaulting/non-breaching Party may not terminate this Agreement until it has been determined by
lower court decision that the allegedly defaulting/breaching Party was in default or breach of a
material obligation, which was not remedied within the applicable Cure Period.

     13.3 Termination for Challenge. Santarus will be entitled to terminate the Agreement
in its entirety upon thirty (30) days written notice to Norgine if at any time Norgine, any of its
Affiliates or any Sublicensee challenges or directs a Third Party to challenge or knowingly assists
a Third Party in challenging in any way the validity or enforceability of any Santarus Patent
licensed hereunder or any Santarus Mark licensed hereunder. In such event, the Agreement shall
terminate upon expiration of the thirty (30) day notice period (and the cure and good faith dispute
provisions set forth above in Section 13.2 shall not apply).

     13.4 Termination Without Cause.

          13.4.1 Mutual. The Parties may terminate this Agreement in its entirety at any time
and for any reason during the Term upon their mutual written agreement; or

          13.4.2 By Norgine. Norgine may terminate this Agreement in its entirety at any time
and for any reason during the Term upon providing Santarus with not less than twelve (12) months’
prior written notice referencing this Section 13.4.2

     13.5 Bankruptcy. Either Party may terminate this Agreement in its entirety at any
time during the Term by giving written notice to the other Party if the other Party files in any
court or agency pursuant to any statute or regulation of any state or country, a petition in
bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a
receiver or trustee of the Party or of its assets, or if the other Party is served with an
involuntary petition against it, filed in any insolvency proceeding, and such petition will not be
dismissed with sixty (60) days after the filing thereof, or if the other Party proposes or is a
party to any dissolution or liquidation, or if the other Party makes an assignment for the benefit
of creditors. Should the insolvent Party under this Section 13.5 be Santarus and/or should
Santarus seek to be or is involuntarily placed under the protection of the “Bankruptcy Code” (i.e.,
Title 11, U.S. Code), then Norgine hereby requests, under Section 365(n)(4) of the Bankruptcy Code,
that, unless and until the trustee in bankruptcy, or Santarus as a debtor in possession, rejects
the Agreement, Santarus and/or the trustee in bankruptcy

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shall perform Santarus’ obligations under the Agreement. As of the commencement of a
bankruptcy proceeding by or against Santarus under the Bankruptcy Code, Norgine is entitled to a
complete duplicate of all embodiments of intellectual property licensed to it hereunder. To the
extent such embodiments are not already in Norgine’s possession as of the commencement of a
bankruptcy, Santarus (or the trustee in bankruptcy) shall make such embodiments available to
Norgine in a manner consistent with Section 3.3.1 upon a rejection of this Agreement by or on
behalf of Santarus or if Santarus elects not to continue to perform all of its obligations under
this Agreement. All licenses granted under this Agreement are deemed to be, for purposes of
Section 365(n) of the Bankruptcy Code, licenses of “intellectual property” as defined in Section
101 of such Code.

     13.6 General Effects of Expiration or Termination.

          13.6.1 Accrued Obligations. Expiration or termination of this Agreement for any
reason shall not release either Party from any obligation or liability which, at the time of such
expiration or termination, has already accrued to the other Party or which is attributable to a
period prior to such expiration or termination.

          13.6.2 Termination of License. Upon termination or expiration of this Agreement
pursuant to its terms, all rights and licenses granted to Norgine hereunder shall concurrently
terminate, and Santarus shall thereafter have the right (itself or through Third Parties) to
continue the development, manufacture and commercialization of Licensed Products in the Field and
in the Territory, without further obligation to Norgine, except as set forth in
[***] below and Norgine shall cease to develop, manufacture and
commercialize Licensed Product in the Field in the Territory.

          13.6.3 Non-Exclusive Remedy. Notwithstanding anything herein to the contrary,
termination of this Agreement by a Party shall be without prejudice to other remedies such Party
may have at law or equity.

          13.6.4 General Survival. Sections 1, 2.2, 7.10, 8.1, 10, 12.1, 13.6, 14 and 15 shall
survive expiration or termination of this Agreement in accordance with its terms. Except as
otherwise provided in this Section 13.6.4, all rights and obligations of the Parties under this
Agreement shall terminate upon expiration or termination of this Agreement in accordance with its
terms.

          13.6.5 Termination Press Releases. In the event of any termination of this Agreement
for any reason, the Parties shall cooperate in good faith to coordinate public disclosure, if any,
of such termination and the reasons therefor, and shall not, except to the extent required by
applicable laws or the rules of a recognized stock exchange, disclose such information without the
prior approval of the other Party, such approval not to be unreasonably withheld, conditioned or
delayed.

          13.6.6 Regulatory Filings. Upon expiration of the Term, termination of the Agreement
by Santarus pursuant to Section 13.2, 13.3 or 13.5 or termination of the Agreement by Norgine
pursuant to Section 13.2, 13.4.2 or 13.5 Norgine shall promptly assign and transfer to

 

			
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Santarus or its nominee all Regulatory Filings for Licensed Products in the country(ies)
affected by such termination (or the entire Territory if termination of this Agreement in its
entirety) that are held or controlled by or under authority of Norgine or its Affiliates or
Sublicensees, and shall take such actions and execute such other instruments, assignments and
documents as may be necessary to effect the transfer of rights under the Regulatory Filings to
Santarus. Norgine shall cause each of its Sublicensees to transfer any such Regulatory Filings to
Santarus if this Agreement terminates. If Applicable Law prevents or delays the transfer of
ownership of a Regulatory Filing to Santarus, Norgine shall grant, and does hereby grant, to
Santarus an exclusive and irrevocable right of access and reference to such Regulatory Filing for
Licensed Products, and shall cooperate fully to make the benefits of such Regulatory Filings
available to Santarus or its designee(s). Within sixty (60) days after written notice of such
termination, Norgine shall provide to Santarus copies of all such Regulatory Filings, and of all
Data and other Know-How pertaining to the Licensed Products not previously provided. Santarus
shall be free to use and disclose such Regulatory Filings and other items in connection with the
exercise of its rights and licenses under this Section 13.6.

          13.6.7 Technology Licenses. Upon expiration of the Term, termination of the
Agreement by Santarus pursuant to Section 13.2, 13.3 or 13.5, or termination of the Agreement by
Norgine pursuant to Section 13.2, 13.4.2 or 13.5, Norgine hereby grants Santarus, effective upon
the relevant notice of a termination, an exclusive, irrevocable, license in the Territory, with
the right to sublicense under Norgine IP to make, have made, use, sell, offer for sale and import
Licensed Products in the Field in the Territory. This license shall be fully paid up and royalty
free, (a) if the termination is [***] or (b) if
termination occurs [***]. If termination is [***] pursuant to Section 13.2 and occurs at a time
when [***], the license shall be royalty bearing and Santarus will pay Norgine an amount equal to
[***] of Net Sales of Licensed Product in the Field in the Territory made by Santarus, its
Affiliates or sublicensees for a period of [***] from the relevant notice of termination, after
which period such license shall be fully paid up and royalty free.

          13.6.8 Trademarks. Upon expiration of the Term, termination of the Agreement by
Santarus pursuant to Section 13.2, 13.3 or 13.5, or termination of the Agreement by Norgine
pursuant to Section 13.2, 13.4.2 or 13.5, Norgine hereby assigns and shall cause to be assigned to
Santarus all rights in New Marks and any domain including a New Mark. It is understood that such
assignment shall not include the name of Norgine or any of its Affiliates or trademark for Norgine
or any Affiliate itself (except to the limited extent necessary in connection with the transition
activities set forth in Section 13.6.10).

          13.6.9 Sublicensees. Norgine’s sublicenses with respect to Licensed Products shall
be assigned to Santarus to the furthest extent possible in the Territory.

          13.6.10 Transition Assistance. Upon expiration of the Term, termination of the
Agreement by Santarus pursuant to Section 13.2, 13.3 or 13.5, or termination of the Agreement by
Norgine pursuant to Section 13.2, 13.4.2 or 13.5, Norgine agrees to fully cooperate, at its own
expense (in the case of termination by Santarus pursuant to Sections 13.2, 13.3 or 13.5 or
termination by Norgine pursuant to 13.4.2) or at Santarus’ expense (in the case of termination by

 

			
	***	 	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

38

 

Norgine pursuant to Sections 13.2 or 13.5), with Santarus and its designee(s) to facilitate a
smooth, orderly and prompt transition of the development, manufacture and commercialization of
Licensed Products to Santarus or its designee(s) in the Territory. Without limiting the
foregoing, Norgine shall promptly provide Santarus, at Norgine’s expense and to the extent
permitted by Applicable Laws (a) copies of customer lists, customer data and other customer
information to the extent it can, pursuant to its contractual obligations to the relevant Third
Parties, and (b) marketing and promotional materials relating to Licensed Products at Norgine’s
expense, and (c) any other Licensed Product related information, licenses or permits reasonably
requested by Santarus, all of which Santarus shall have the right to use for any purpose related
to Licensed Products. Upon request by Santarus, Norgine shall transfer to Santarus some or all
quantities of Licensed Products in Norgine’s or its Affiliates’ possession (as requested by
Santarus) intended for sale in the Territory, within thirty (30) days after the effective date of
such termination; provided, however, that Santarus shall reimburse Norgine for the out-of-pocket
costs that Norgine actually incurred to manufacture or otherwise acquire the quantities so
provided to Santarus. If any Licensed Product was manufactured by any Third Party for Norgine, or
Norgine had contracts with vendors which contracts are necessary or useful for Santarus to take
over responsibility for the Licensed Products in the Territory, then Norgine shall to the extent
possible and requested in writing by Santarus, assign all of the relevant Third-Party contracts to
Santarus, and in any case, Norgine agrees to cooperate with Santarus to ensure uninterrupted
supply of Licensed Products. If Norgine or its Affiliate manufactured any Licensed Product at the
time of such termination, then Norgine (or its Affiliate) shall continue to provide for
manufacturing of such Licensed Product for Santarus, at a mutually agreed “cost of goods” that
would be comparable to pricing typically established by a Third Party contract manufacturing
organization, from the date of written notice of such termination until such time as Santarus is
able, using Commercially Reasonable Efforts to do so but no longer than twenty-four (24) months
after the effective date of such termination, to secure an acceptable alternative commercial
manufacturing source from which sufficient quantities of Licensed Product may be procured and
legally sold in the Territory.

          13.6.11 Return of Materials. Within fifteen (15) days after the effective date of a
termination of this Agreement in its entirety, Norgine shall destroy all tangible items
comprising, bearing or containing any Confidential Information of Santarus that are in Norgine’s
or its Affiliates’ possession or control, and provide written certification of such destruction,
or prepare such tangible items of Confidential Information for shipment to Santarus, as Santarus
may direct, at Santarus’ expense; provided that Norgine may retain one copy of such Confidential
Information for its legal archives. 

ARTICLE 14

DISPUTE RESOLUTION

     14.1 Informal Resolution. In the event of any dispute, controversy or claim arising
out of, relating to or in connection with any provision of this Agreement or the rights or
obligations of the Parties hereunder (a “Dispute”), the Parties will try to settle their
differences amicably between themselves as contemplated herein. Either Party may initiate such
informal dispute resolution by sending written notice setting forth in reasonable detail the nature
of the dispute (the “Dispute Notice”) to the other Party. Within thirty (30) days after such
notice, the Chief Executive Officer of Norgine, or his/her designee with authority to resolve such
matter, and the Chief Executive Officer of Santarus, or his/her designee with authority to resolve
such matter, shall meet to negotiate in good faith a resolution to the dispute within such thirty
(30) day period. If such representatives are unable

39

 

to promptly resolve such disputed matter within the said thirty (30) days, either Party may
thereafter initiate court proceedings in accordance with Section 14.2. The provisions of this
Section 14.1 will not restrict in any way the Parties’ rights to seek preliminary injunctive or
other equitable relief from any court having jurisdiction.

     14.2 Additional Remedies/Venue. If the representatives of each Party are unable to
promptly resolve any Dispute within the thirty (30)-day period described in Section 14.1 above, the
Parties shall be entitled to pursue any available legal or equitable remedy, subject to the
limitation on liability and other terms and conditions set forth in this Agreement. Any action,
claim, suit, litigation or other proceeding commenced by a Party to enforce or invalidate any right
or obligation arising hereunder (each, an “Action”) shall be brought in the national or federal
court located within the State of New York. Each Party hereby consents to the personal
jurisdiction of such court in connection with such Action, and agrees that the placing of venue in
such court is convenient.

ARTICLE 15

GENERAL PROVISIONS

     15.1 Compliance with Laws/Other. Notwithstanding anything to the contrary contained
herein, all rights and obligations of the Parties are subject to prior compliance with, and each
Party shall comply with, all Applicable Laws, including obtaining all necessary approvals required
by the applicable agencies of the governments of the United States and foreign jurisdictions with
respect to the export to, and sale in, certain countries of products and technologies.

     15.2 Notices. Notices required or permitted under this Agreement will be in writing
and sent by prepaid registered or certified air mail or by overnight express mail (e.g., FedEx), or
by facsimile (receipt confirmed and copy provided by prepaid registered or certified air mail
letter or by overnight express mail (e.g., FedEx)), and will be deemed to have been properly served
to the addressee upon receipt of such written communication, to the following addresses of the
Parties, or such other address as each Party may from time to time designate by written notice to
the other Party as set forth herein:

	 	 	 
	     If to Santarus:
	 	 
	 

	 	Santarus, Inc.
	 

	 	3721 Valley Centre Drive, Suite 400
	 

	 	San Diego, California 92130
	 

	 	Attention: President and CEO
	 

	 	Facsimile No.: 858-314-5701
	     with a copy to:
	 	 
	 

	 	Santarus, Inc.
	 

	 	3721 Valley Centre Drive, Suite 400
	 

	 	San Diego, California 92130
	 

	 	Attention: Legal Affairs Department
	 

	 	Facsimile No.: 858-314-5702

40

 

	 	 	 
	     If to Norgine:
	 	 
	 

	 	Norgine B.V.
	 

	 	Hogehilweg 7
	 

	 	1101 CA Amsterdam ZO
	 

	 	The Netherlands
	 

	 	Attention: [***]
	 

	 	Facsimile No.: [***]
	     with a copy to:
	 	 
	 

	 	Norgine Limited
	 

	 	Chaplin House
	 

	 	Widewater Place
	 

	 	Moorhall Road
	 

	 	Harefield
	 

	 	Middlesex, UB9 6NS, UK
	 

	 	Attention: [***]
	 

	 	Facsimile No.: [***]

     15.3 Governing Law. Except as specifically provided in Section 8.3.2, the form,
execution, validity, construction and effect of this Agreement will be governed by and construed in
accordance with the laws of the State of New York, without regard to the choice-of-law provisions
thereof.

     15.4 Performance by Affiliates. The Parties recognize that each Party may perform
some or all of its obligations under this Agreement through Affiliates; provided, however, that
each Party will remain responsible for and guarantees the performance by its Affiliates and will
cause its Affiliates to comply with the provisions of this Agreement in connection with such
performance. Each Party hereby expressly waives any requirement that the other Party exhaust any
right, power or remedy, or proceeds against an Affiliate, for any obligation or performance
hereunder prior to proceeding directly against such Party.

     15.5 Miscellaneous.

          15.5.1 Binding Effect. This Agreement will be binding upon and inure to the benefit
of the Parties and their respective legal representatives, successors and permitted assigns.

          15.5.2 Headings. Article and Section headings are inserted for convenience of
reference only and do not form a part of this Agreement.

          15.5.3 Counterparts. This Agreement may be executed simultaneously in two (2) or
more counterparts, each of which will be deemed an original.

          15.5.4 Entire Agreement; Amendment; Waiver. This Agreement constitutes the entire
understanding of the Parties with respect to the subject matter hereof and supersedes all

 

			
	***	 	Certain information on this
page has been omitted and filed separately with the Securities and Exchange
Commission. Confidential treatment has been requested with respect to the omitted
portions.

41

 

previous writings and understandings, including the Confidentiality Agreement. This
Agreement may be amended, modified, superseded or cancelled, and any of the terms may be waived,
only by a written instrument executed by each Party or, in the case of waiver, by the Party
waiving compliance. No waiver by any Party of any condition or of the breach of any term
contained in this Agreement, whether by conduct, or otherwise, in any one or more instances, will
be deemed to be, or considered as, a further or continuing waiver of any such condition or of the
breach of such term or any other term of this Agreement.

          15.5.5 No Third Party Beneficiaries. Except as expressly provided in Sections 10.1
and 10.2 (in either case subject to Section 10.3), no Third Party, including any employee of any
Party to this Agreement, will have or acquire any rights by reason of this Agreement.

          15.5.6 Assignment and Successors. Neither party may assign or transfer its rights
under this Agreement or delegate its duties hereunder, by merger, sale of assets, operation of law
or otherwise, without the prior written consent of the other; provided, however, that either Party
may assign this Agreement in whole without such consent either (a) to an Affiliate, or (b) in
connection with the sale or transfer of all or substantially all of its business or assets,
whether by merger, sale of assets or otherwise. Any attempted assignment, sale or transfer in
violation of the prior sentence will be void. Upon any permitted assignment or transfer of this
Agreement by either Party, (i) the other Party shall be given prompt written notice of such
assignment and (ii) the assignee shall agree in writing to be bound by the terms and conditions
set forth herein.

          15.5.7 Severability. If any provision of this Agreement is or becomes invalid or is
ruled invalid by any court of competent jurisdiction or is deemed unenforceable, such provision
shall be considered severed from this Agreement, and it is the intention of the Parties that the
remainder of the Agreement will not be affected. The Parties will make a good faith effort to
replace any invalid or unenforceable provision with a valid and enforceable one which as closely
as possible achieves the objectives contemplated by the Parties when entering this Agreement.

          15.5.8 Further Actions. Each Party agrees to execute, acknowledge and deliver such
further instruments, and to do all such other commercially reasonable acts, as may be necessary or
appropriate in order to carry out the purposes and intent of this Agreement.

          15.5.9 Relationship of the Parties. It is not the intent of the Parties hereto to
form any partnership or joint venture. Each Party will, in relation to its obligations hereunder,
be deemed to be and will be an independent contractor, and nothing in this Agreement will be
construed to give such Party the power or authority to act as agent for the other Party for any
purpose, or to bind or commit the other Party in any way whatsoever.

          15.5.10 General Interpretation. The captions to the several Articles and Sections of
this Agreement are not a part of this Agreement, but are included for convenience of reference and
shall not affect its meaning or interpretation. In this Agreement: (a) the word “including” shall
be deemed to be followed by the phrase “without limitation” or like expression; (b) the singular
shall include the plural and vice versa; and (c) masculine, feminine and neuter pronouns and
expressions shall be interchangeable.

42

 

[The remainder of this page is intentionally left blank; signature page follows.]

43

 

     IN WITNESS WHEREOF, the Parties have caused this License Agreement to be executed by
their duly authorized representatives as of the Effective Date.

	 	 	 	 	 	 	 
	NORGINE B.V.	 	SANTARUS, INC.
	 
	 	 	 	 	 	 
	By:

	 	/s/  Peter Stein	 	By:	 	/s/ Gerald T. Proehl
	 

	 	 
	 	 	 	 
	 

	 	Name: Peter Stein
	 	 	 	Name: Gerald T. Proehl
	 

	 	Title: Managing Director
	 	 	 	Title: President and CEO

List of Exhibits:

     Exhibit 1.36: Santarus Marks

     Exhibit 1.37: Santarus Patents

     Exhibit 1.39: Territory

44

 

EXHIBIT 1.36

SANTARUS MARKS

	 	 	 	 	 
	Product Mark	 	Country	 	Registration Number
	Zegerid
	 	CTM(1)
	 	3814126

 

			
	(1)	 	To the extent included within the Territory.

 

 

EXHIBIT 1.37 A(1)

SANTARUS PATENTS

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Application	 	 	 	 
	Title	 	Country	 	Number	 	Status	 	Ownership
	Novel Substituted
Benzimidazole
Dosage Forms and
Method of Using
Same

	 	EPO(2)
	 	 	01904818.0	 	 	Granted as

EP1246622(3)
	 	Licensed from Univ.
Missouri
	 
	 	 	 	 	 	 	 	 	 	 
	Novel Substituted
Benzimidazole
Dosage Forms and
Method of Using
Same

	 	EPO(2)
	 	 	04003380.5	 	 	Pending
	 	Licensed from Univ.
Missouri
	 
	 	 	 	 	 	 	 	 	 	 
	Novel Substituted
Benzimidazole
Dosage Forms and
Method of Using
Same

	 	EPO(2)
	 	 	02768296.2	 	 	Pending
	 	Licensed from Univ.
Missouri
	 
	 	 	 	 	 	 	 	 	 	 
	Novel Substituted
Benzimidazole
Dosage Forms and
Method of Using
Same

	 	EPO(2)
	 	 	03710694.5	 	 	Pending
	 	Licensed from Univ.
Missouri
	 
	 	 	 	 	 	 	 	 	 	 
	Novel Substituted
Benzimidazole
Dosage Forms and
Method of Using
Same

	 	EPO(2)
	 	 	06020125.8	 	 	Pending
	 	Licensed from Univ.
Missouri
	 
	 	 	 	 	 	 	 	 	 	 
	Novel Substituted
Benzimidazole
Dosage Forms and
Method of Using
Same

	 	ISRAEL(2)
	 	 	150696	 	 	Pending
	 	Licensed from Univ.
Missouri
	 
	 	 	 	 	 	 	 	 	 	 
	A Novel
Formulation,
Omeprazole Antacid
Complex-Immediate
Release for Rapid
and Sustained
Supression of
Gastric Acid

	 	EPO(2)
	 	 	04713382.2	 	 	Pending
	 	Santarus and Univ.
Missouri (4)
(5)
	 
	 	 	 	 	 	 	 	 	 	 
	A Novel
Formulation,
Omeprazole Antacid
Complex-Immediate
Release for Rapid
and Sustained
Supression of
Gastric Acid

	 	EPO(2)
	 	 	05735477.1	 	 	Pending
	 	Santarus and Univ.
Missouri (4)
(5)
	 
	 	 	 	 	 	 	 	 	 	 
	Immediate-Release
Formulation of
acid-Labile
Pharmaceutical
Compositions

	 	EPO(2)
	 	 	04778879.9	 	 	Pending
	 	Santarus and Univ.
Missouri (4)
(6)

[***]

[***]

[***]

[***]

[***]

[***]

 

			
	***	 	Certain information on this page has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment
has been requested with respect to the omitted portions.

 

 

EXHIBIT 1.37 B(1)

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Application	 	 	 	 
	Title	 	Country	 	Number	 	Status	 	Ownership
	Pharmaceutical
Formulations Useful
for Inhibiting Acid
Secretion and
Methods for Making
and Using Them

	 	EPO(2)
	 	 	05755940.3	 	 	Pending
	 	Santarus
	 
	 	 	 	 	 	 	 	 	 	 
	Pharmaceutical
Formulations Useful
for Inhibiting Acid
Secretion and
Methods for Making
and Using Them

	 	EPO(2)
	 	 	04778425.1	 	 	Pending
	 	Santarus
	 
	 	 	 	 	 	 	 	 	 	 
	Pharmaceutical
Formulation and
Method for Treating
Acid-Caused
Gastrointestnal
Disorders

	 	EPO(2)
	 	 	04778512.6	 	 	Pending
	 	Santarus
	 
	 	 	 	 	 	 	 	 	 	 
	Combination of
Proton Pump
Inhibitor and Sleep
Aid

	 	EPO(2)
	 	 	04818347.9	 	 	Pending
	 	Santarus
	 
	 	 	 	 	 	 	 	 	 	 
	Combination of
Proton Pump
Inhibitor,
Buffering Agent and
Nonsteroidal
anti-inflammatory
agent

	 	EPO(2)
	 	 	05722791.0	 	 	Pending
	 	Santarus
	 
	 	 	 	 	 	 	 	 	 	 
	Combination of
Proton Pump
Inhibitor,
Buffering Agent,
and Prokinetic
Agent

	 	EPO(2)
	 	 	05804774.7	 	 	Pending
	 	Santarus
	 
	 	 	 	 	 	 	 	 	 	 
	A Novel
Formulation,
Omeprazole Antacid
Complex-Immediate
Release for Rapid
and Sustained
Supression of
Gastric Acid

	 	EPO(2)
	 	 	04713382.2	 	 	Pending
	 	Santarus and Univ.
Missouri (3)
(4)
	 
	 	 	 	 	 	 	 	 	 	 
	A Novel
Formulation,
Omeprazole Antacid
Complex-Immediate
Release for Rapid
and Sustained
Supression of
Gastric Acid

	 	EPO(2)
	 	 	05735477.1	 	 	Pending
	 	Santarus and Univ.
Missouri (3)
(4)
	 
	 	 	 	 	 	 	 	 	 	 
	Immediate-Release
Formulation of
acid-Labile
Pharmaceutical
Compositions

	 	EPO(2)
	 	 	04778879.9	 	 	Pending
	 	Santarus and Univ.
Missouri (3)
(5)

[***]

[***]

[***]

[***]

[***]

 

			
	***	 	Certain information on this page has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment
has been requested with respect to the omitted portions.

 

 

EXHIBIT 1.39

TERRITORY

Andorra; Albania; Austria; Belgium; Bosnia and Herzegovina; Bulgaria; Croatia; Cyprus; Czech
Republic; Denmark; Estonia; Finland; France (including
Monaco); Germany; Greece; Hungary; Iceland; Ireland; Israel; Italy (including San Marino and Vatican
City); Kosovo; Latvia; Liechtenstein; Lithuania; Luxembourg; Macedonia; Malta; Netherlands; Norway;
Poland; Portugal; Romania; Serbia; Slovakia; Slovenia; Spain; Sweden; Switzerland; Ukraine; United Kingdomexv10w1

Exhibit 10.1

THIRD AMENDMENT TO LEASE

     This
Third Amendment to Lease (the “Amendment”) is made and entered into as of October 12, 2009
(the “Effective Date”), by and between THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR
UNIVERSITY, a body having corporate powers under the laws of the
State of California (“Landlord”),
and STEMCELLS, INC., a Delaware corporation
(“Tenant”).

     A. Landlord and Tenant entered into that certain Restated and Amended Lease
dated as of December 19, 2002 as amended by that certain Lease Amendment dated as of
August 1, 2003 and that certain Second Amendment to Lease dated April 1, 2005 (as amended,
the “Lease”), pursuant to which Landlord has leased to Tenant 68,162 rentable square feet in
that certain property commonly known as 3155 Porter Drive, Palo Alto, California and more
particularly described in the Lease (“Premises”). Each capitalized term not defined in this
Amendment shall have the same meaning given to such term in the Lease.

     B. Landlord and Tenant now desire extend the Term of the Lease, on the terms and
conditions more particularly set forth below.

     NOW THEREFORE, Landlord and Tenant hereby agree as follows:

     Section 1 Extended Term. The term of the Lease is hereby extended commencing on April 1, 2010
and expiring on August 31, 2011 (“Extended Term”) [Tenant shall have no further rights to renew or
extend the term of the Lease and Section 3(B) of the Second
Amendment to Lease is hereby deleted in
its entirety.]

     Section 2 Base Monthly Rent. The Base Monthly Rent payable by Tenant during the Extended Term
shall be as follows:

	 	 	 	 	 	 	 	 	 
	Period During	 	Base Monthly Rent per	 	 
	Extended Term	 	rentable square foot	 	Base Monthly Rent
	April 1,
2010 — March 31, 2011
	 	$	2.65	 	 	$	180,629.30	 
	April 1,
2011 — August 31, 2011
	 	$	2.73	 	 	$	186,082.26	 

     Section 3
Condition of the Premises. Tenant hereby accepts the Premises in its “as-is”
condition, and Landlord shall not be obligated to make any alterations, additions, repairs or
improvements or to do any work whatsoever on, to or within the Premises.

     Section 4 Space Sharing Agreement. The Space Sharing Agreement and Tenant’s obligations
pursuant to Section 7 of the Second Amendment to Lease shall remain in full force and effect during
the Extended Term.

     Section 5 Brokerage Commission. Landlord is not represented by a broker and Tenant is
represented by Cornish & Carey Commercial (“Tenant’s Broker”) with respect to this Amendment
Landlord shall pay Tenant’s Broker pursuant to the terms of a separate commission agreement. Tenant
and Landlord represent and warrant that they have had no other dealings with any other real estate
broker or agent in connection with this Amendment. Tenant and Landlord shall indemnify, defend and
hold the other harmless from and against all liabilities arising from any other claims of brokerage
commissions or finder’s fees based on

-1-

 

Tenant’s or Landlord’s, as applicable, dealings or contacts with brokers or agents, other than, as
to Tenant, Tenant’s Broker.

     Section 6 Effect of Amendment. As modified by this Amendment, all of the terms and conditions
of the Lease remain unchanged and in full force and effect. In the event of any express conflict or
inconsistency between the terms of this Amendment and the terms of the Lease, the terms of this
Amendment shall control and govern.

     Section 7 Counterparts. This Amendment may be executed in any number of counterparts, each of
which shall be an original, but all of which, when taken together, shall constitute one and the
same instrument.

     IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the Effective Date.

	 	 	 	 	 	 	 	 	 	 	 
	LANDLORD:	 	TENANT:
	 
	 	 	 	 	 	 	 	 	 	 
	THE BOARD OF TRUSTEES OF THE LELAND	 	STEMCELLS, INC.,
	STANFORD JUNIOR UNIVERSITY	 	a Delaware corporation
	 
	 	 	 	 	 	 	 	 	 	 
	By:	 		 	By:	 	
	 

	 	Name:
	 	JEAN SNIDER
	 	 	 	Name:
	 	Rodney Young
	 

	 	Its:
	 	MANAGING DIRECTOR, RE
	 	 	 	Its:
	 	CFO

-2-

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