Document:

Exhibit
10.33

 

CERTAIN
IDENTIFIED INFORMATION, MARKED WITH “[****]”, HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND
(II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

 

FINAL

 

MASTER
COLLABORATION AGREEMENT

 

 

by
and between

 

SomaLogic,
Inc.

 

and

 

Novartis
Pharma AG

 

September
20, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

     

    

 

	 	Table of Contents	 
	 	 	 
	1.	PURPOSE OF AGREEMENT; STEERING COMMITTEE; CONTRIBUTIONS
  OF THE PARTIES	3
	 	 	 
	2.	TERM AND TERMINATION	6
	 	 	 
	3.	PAYMENT TERMS, RECORDKEEPING AND REPORTS	7
	 	 	 
	4.	CONFIDENTIALITY	10
	 	 	 
	5.	PUBLICATION	15
	 	 	 
	6.	DATA; INTELLECTUAL PROPERTY; LICENSE GRANTS	16
	 	 	 
	7.	REPRESENTATIONS; DISCLAIMER; LIMITATION OF LIABILITY; INDEMNITIES	20
	 	 	 
	8.	MISCELLANEOUS	23
	 	 	 
	 	APPENDIX 1: DEFINITIONS	27
	 	 	 
	 	APPENDIX 2: [****].	34

 

	EXHIBIT A: PROGRAM PLAN FOR NOVARTIS SOMASCAN SERVICES	 
	 	 
	EXHIBIT B: [****].	 
	 	 
	EXHIBIT C: [****].	 

 

    	Rev. FINAL	Page 2 of 41	CONFIDENTIAL

     

    

 

MASTER
COLLABORATION AGREEMENT

 

This
Master Collaboration Agreement (the “Agreement”) is made effective as of the last date of signature set forth below
(the “Effective Date”) between SOMALOGIC, INC., a Delaware corporation having its principal office ‘at
2945 Wilderness Place, Boulder, CO 80301 (“SomaLogic”), and Novartis Pharma AG, a Swiss company with its principal
place of business at Lichtstrasse 35, Basel, Switzerland 4056 (“Novartis”). SomaLogic and Novartis may be referred
to herein individually as a “Party” and together as the “Parties”. Capitalized terms set forth
herein have the meanings set forth in the body of this Agreement or in Appendix 1 (Definitions).

 

The
Parties agree as follows:

 

		1.	PURPOSE
                                            OF AGREEMENT; STEERING COMMITTEE; CONTRIBUTIONS OF THE PARTIES

 

1.1.
Purpose. SomaLogic and an Affiliate of Novartis previously entered into a Research Collaboration Agreement, dated June 27, 2011,
as amended by various amendment agreements (the “Original Agreement”) and now wish to expand and recommit to the successful
strategic partnership created under the Original Agreement by terminating and replacing the Original Agreement with this Agreement, except
as set forth in Section 8.6. The aim of this Agreement is to apply proteomic science and technology for the advancement of breakthrough
medicines and health insights, to help people manage and maintain their health and to advance the respective business missions of the
Parties (the “Purpose”). This Agreement sets forth the terms and conditions under which the Parties will engage in
the Program as memorialized in the Program Plan and to be mutually agreed upon Project Plans, each of which, upon execution, will be
incorporated herein by reference. Each Party will perform the Program in accordance with the best practices then-employed by such
Party in the conduct of its operations.

 

1.2.
Project Steering Committee.

 

1.2.1.
General. During the Term and within thirty (30) calendar days after the Effective Date, each Party will appoint [****] representatives
to a Joint Steering Committee (“JSC”) that will meet at mutually agreeable intervals (at least once per calendar year
with each Party having the alternating right to select the time and location of the meeting) to ensure the objective(s) of the Program
Plan and the Project Plans are being met and to review the progress of the Program. A Party’s appointed JSC members will have appropriate
expertise and experience to carry out their responsibilities as members of the JSC. If the JSC chooses to designate a chairperson, the
chairperson will be appointed from among the members of the JSC designated by Novartis. The JSC will not have the authority to amend
or modify the terms of this Agreement, to alter either Party’s financial or resourcing obligations, or to materially alter the
Program Plan or any Project Plan, including its scope or timing, or any other obligations or rights of the Parties. Each Party may replace
its representatives to the JSC at any time upon written notice to the other Party. With the consent of the other Party, each Party may
invite up to [****] on-voting employees, consultants and scientific advisors to attend meetings of the JSC to discuss the
Program; provided that any such employees, consultants or scientific advisors shall be subject to restrictions regarding the confidentiality
and non- use of Confidential Information no less restrictive than set out in this Agreement.

 

1.2.2.
Responsibilities of the JSC. The primary purpose of the JSC will be to oversee and provide strategic planning for the Program being
carried out under this Agreement. Specific JSC responsibilities will include:

 

a.
to informally resolve disagreements between the Parties with respect to this Agreement or the activities contemplated by this Agreement;

 

b.
to discuss potential joint collaborations with academic, governmental, and not for profit Third Parties or joint participation in consortia,
taking into account each of the Parties’ respective business plans, strategies, and scientific and commercial interests, and to
coordinate the Parties’ activities with respect to the structure, negotiation, and execution of such consortia with Third Parties;

 

    	Rev. FINAL	Page 3 of 41	CONFIDENTIAL

     

    

 

c.
to discuss potential collaborative research activities between the Parties that would employ SomaLogic’s “Insights”
or, to the extent SomaLogic is reasonably able to determine that a proposed query is legally and contractually permissible, is operationally
feasible and has a reasonable likelihood of success, its “Knowledge Base” (other than data, findings and conclusions generated
as part of the Program) in connection with Novartis’ research and development efforts, it being understood that any such activities
would be conducted pursuant to separate written agreements to be negotiated by the Parties;

 

d.
to review and approve a process proposed by subject matter experts to bridge the transition from [****] to [****] and migrate
Novartis’s work to SOMAscan V4.1, allowing for any necessary modifications (e.g., high priority Novartis SOMAmer content
and qualifications); thereafter, the JSC will develop a process to manage future updates and qualification of the SOMAscan Assay in a
manner that addresses both Parties’ needs for long term data comparability;

 

e.
to discuss proposed Subject Consortia and to review consortium, collaboration, and research agreements, or similar arrangements as contemplated
by Section 4.11; and

 

f.
to evaluate opportunities for the Parties to collaborate on improving and reducing the cost of performing the SOMAscan Assay (e.g.,
content expansion, automation, and additional applications), subject to each Party’s contractual obligations to Third Parties.

 

For
the avoidance of doubt, nothing herein shall give the JSC any authority over the right of a Party to enter into any collaboration with
a Third Party or any consortium (other than Subject Consortia) that does not involve the other Party.

 

1.2.3.
Decisions of the JSC; Resolution of Disputes. The JSC shall make decisions unanimously where possible, with each Party having one
vote. In the event of a deadlock [****] shall decide the matter; provided, however, that such right will not extend
to the activities described in Section 1.2.2(b) or Section 1.2.2(c), or as expressly provided in the final sentence of
Section 1.8.1. For the avoidance of doubt, [****] right to cast this deciding vote shall only apply to matters within the
authority of the JSC.

 

1.2.4.
Alliance Managers. In addition to the JSC, the Parties shall each appoint a primary contact person to serve as an alliance manager,
who shall be responsible for the day-to-day management of the Program.

 

1.2.5.
Minutes of JSC Meetings; Yearly Reports. The JSC shall keep and maintain minutes of all meetings and actions of the JSC, which shall
be prepared by those persons specified by the JSC. The JSC shall further provide yearly reports to each Party, with such authorship and
content as is specified by the JSC.

 

1.3.
Contributions of the Parties. Each Party will provide certain materials, data, or technology and anticipate creating certain technology
and data as set forth below and in the Program Plan in furtherance of the Purpose. The rights and obligations of each Party with respect
to such materials, data and technology are described in this Agreement (including the Program Plan) and the relevant Project Plan. To
the extent this Agreement (including the Program Plan) and any such Project Plan conflict or are otherwise inconsistent with respect
to such rights and obligations, this Agreement shall prevail.

 

1.4.
Access to Data.

 

		1.4.1.	[****].

 

		1.4.2.	[****].

 

    	Rev. FINAL	Page 4 of 41	CONFIDENTIAL

     

    

 

		1.5.	Additional
                                            Obligations With Respect to Contributions.

 

1.5.1.
Novartis and its Affiliates will provide Samples to be assayed by SomaLogic and SomaLogic, will perform such assays in accordance
with the terms of the Program Plan and the respective Project Plans conducted under this Agreement.

 

1.5.2.
Upon SomaLogic’s request, Novartis or its Affiliate will confirm in writing that Samples to be provided by Novartis or its
Affiliate to SomaLogic under this Agreement have been obtained in accordance with applicable law and Regulatory Requirements.

 

1.5.3.
With respect to Clinical Data or other information Novartis or its Affiliate provides to SomaLogic along with Samples for Novartis
SOMAscan Services pursuant to Sections 3.1.2 and 4.10.2(a), Novartis or its Affiliate will provide all such information
in accordance with the Program Plan, when it is reasonably available, that is relevant’ to the objectives of the clinical program,
the Program Plan, and the relevant Project Plan, to the extent that such transfer and use is not legally or contractually prohibited
or otherwise prohibited by Novartis’ quality management and compliance policies. Novartis will ensure that all such information
has been pseudonymized or is otherwise provided in a fashion that renders study participants not personally identifiable by SomaLogic
in compliance with both Applicable Law and Novartis’ general policies and practices with respect to anonymization of personally
identifiable information. SomaLogic agrees not to re-identify study participants and will adhere to the terms of Appendix 2
attached hereto. In the event there is an out-of-pocket cost to Novartis to provide Clinical Data to SomaLogic in addition to
any cost to Novartis to obtain the Clinical Data for its own use, SomaLogic will promptly reimburse Novartis for such out-of-pocket
cost. Subject to Section 4.3.3, SomaLogic will not provide Clinical Data to any Third Party except as expressly permitted herein.

 

1.5.4.
SomaLogic will use and retain Samples only in accordance with the Informed Consent, applicable laws, and Regulatory Requirements,
and any other specific requirements of which Novartis notifies SomaLogic in writing.

 

1.5.5.
Novartis will promptly notify SomaLogic in writing if a study participant notifies Novartis that the study participant withdraws
or materially varies his or her Informed Consent, and SomaLogic will either cease or modify its use of that study participant’s
Sample, and take such other steps with regard to such Sample and information derived from it as requested by Novartis, immediately upon
receipt of such written notice.

 

1.5.6.
The Parties will execute a separate tissue transfer agreement for the transfer of Samples if required by a Regulatory Requirement
or to the extent reasonably required by Novartis’ policies with respect to human tissue transfer and use.

 

1.6.
SomaLogic Insights. Upon request from Novartis or its Affiliate, solely to the extent already available and operationalized by SomaLogic,
and as mutually agreed by the Parties, SomaLogic will run its proprietary “Insight” models on the SOMAscan Data generated
on Samples analyzed for and on behalf of Novartis or its Affiliate as part of the Program and deliver results of those Insights which
are qualified for the context of use (“Insight Results”). Novartis and its Affiliates will use all Insight Results
for [****] unless otherwise expressly agreed in writing by SomaLogic. SomaLogic will provide such Insight Results at Cost.

 

1.7.
Novartis Infrastructure. Novartis and its Affiliates has the express right to integrate SOMAscan Data generated under the Agreement
and the equivalent of such SOMAscan Data generated under the Original Agreement into Novartis’ and its Affiliates’ infrastructure,
systems, and databases. Any such integration by Novartis or its Affiliates shall not render any other data in such integrated infrastructure,
systems or databases to be SOMAscan Data.

 

1.8.
SomaLogic Platform Update. Upon Novartis investment of an amount of [****], SomaLogic will update its SOMAscan Assay platform
to [****] and make the relevant versions [****] available to Novartis for the purpose of validation and qualification.
SomaLogic will update and validate (at SomaLogic’s cost) [****] with qualification, SOMAmers and validation standards as
agreed by the Parties in the SOMAscan Assay Transition an Reversioning Plan attached hereto as Exhibit B (the “Reversioning
Plan”). Until such time as activities described in the Reversioning Plan are completed, Novartis will continue to have access
to Novartis SOMAscan Services using [****]. If SomaLogic does not complete the activities described in the Reversioning Plan to
Novartis’ reasonable satisfaction by the [****] anniversary of the above-described investment (or such later date as
the Parties may agree), Novartis may elect to continue receiving Novartis SOMAscan Services using [****].

 

    	Rev. FINAL	Page 5 of 41	CONFIDENTIAL

     

    

 

1.8.1.
For SOMAmers included in [****] at are not [****], Novartis may request [****] and SomaLogic will provide [****]
to Novartis. Novartis will be allowed to [****] using [****] for the Purpose and in accordance with this Agreement
but will not perform any informatics analysis on [****] or otherwise [****] upon the completion of the Reversioning Plan
activities and Novartis’ move to [****], Novartis will pay SomaLogic an amount equal to [****] provided to Novartis
as [****]. All updates to the content of the SOMAscan platform after [****] will be made by SomaLogic in consultation with
Novartis and, unless otherwise agreed, will be performed in a manner that supports the backward compatibility of SOMAscan Data generated
from prior versions of the SOMAscan Assay (as contemplated by Section 1.8.2); provided, however, that all final
decisions regarding the implementation of such updates will be made by SomaLogic and any Technology related to such implementation will
be Assay Technology.

 

1.8.2.
SomaLogic will ensure that Novartis is consulted prior to any update of the SOMAscan Assay. Novartis will be given a reasonable opportunity
to access [****] of the SOMAscan platform, and SomaLogic will provide a bridging strategy to migrate Novartis to such version
at the request of Novartis, as validated by standards reasonably agreed to by Novartis. Any cost to Novartis of future SOMAscan platform
updates/migrations [****] will be charged at a rate of [****]. There shall be no other cost charged to Novartis for any
SOMAmer sequences or SOMAscan Assay platform updates. Novartis may elect not to move to a new version of the SOMAscan Assay only if the
new version fails to meet acceptance criteria reasonably agreed upon by the Parties prior to undertaking the update.

 

		2.	TERM
                                            AND TERMINATION

 

2.1.
Term. This Agreement will commence on the Effective Date and will continue in effect until [****] unless terminated earlier
in accordance with this Section 2 (the “Term”). If any Project Plan it progress upon e expiration of this Agreement,
the terms and conditions of this Agreement w- continue to apply until such Project Plan has been completed. The Parties may extend
the Term for an additional [****] years upon mutual written agreement of the Parties.

 

2.2.
Termination

 

2.2.1.

 

2.2.2.
Material Breach. A Party may terminate this Agreement for a material breach by the other Party of any provision herein by giving
the other Party prior written notice of its intention to terminate. The notice will include a detailed statement describing the nature
of the breach. Unless the Parties agree otherwise in writing: (a) if the breach is capable of being remedied and is remedied to the non-breaching
Party’s reasonable satisfaction within 90 days after receipt of the notice, then the termination will not take effect; (b) if the
breach is not remedied to the non-breaching Party’s reasonable satisfaction within 90 days after receipt of the notice or is
incapable of remedy, then the termination of this Agreement will take effect at the end of the ninety-day period.

 

2.2.3.
Insolvency. Either Party may terminate this Agreement immediately by written notice to the other Party if the other Party undergoes
an Insolvency Event.

 

    	Rev. FINAL	Page 6 of 41	CONFIDENTIAL

     

    

 

2.2.4.
Change of Control. Novartis may terminate this Agreement immediately by written notice in the event of a Change of Control of SomaLogic.
For the avoidance of doubt, after termination of this Agreement pursuant to this Section 2.2.4, SomaLogic shall fully comply with
Sections 2.3.1 and 4.6 and shall not share with any acquirer involved in the Change of Control of SomaLogic any Novartis
Confidential Information for the purpose of [****].

 

2.2.5.
Failure to Reversion. If SomaLogic has not completed! the activities described in the Reversioning Et Plan to Novartis’ reasonable
satisfaction by not later than [****] year following the payment of investment as contemplated by Section 1.8 (or such
later date as may be mutually agreed upon by the Parties), Novartis will have the right to terminate this Agreement immediately upon
written notice to SomaLogic delivered not later than 30 days after such anniversary or Novartis will otherwise be deemed to have elected
to continue receiving Novartis SOMAscan Services using Novartis SOMAscan V3.0.

 

2.3.
Effect of Expiration or Termination

 

2.3.1.
Return of Confidential Information. Upon the expiration or termination of this Agreement for any reason, each Party will comply with
the provisions of Section 4.6.

 

2.3.2.
Samples. SomaLogic will complete all SOMAscan Assays on Samples for Project Plans currently in progress at the time of termination
at the rates specified herein.If Novartis does not otherwise provide written instructions to SomaLogic regarding the disposition
of any remaining quantities of the Samples within ninety (90) days after the expiration or termination of this Agreement or the completion
of any Project Plan, SomaLogic will return such Samples to Novartis at Novartis’s sole expense and arrangement upon expiry of the
Agreement.

 

2.3.3.
 [****].

 

		2.3.4.	Termination
                                            for Cause.

 

a.
By Novartis.If Novartis terminates this Agreement pursuant to Sections 2.2.2, 2.2.3, 2.2.4, or 2.2.5,
the licenses granted to it and its Affiliates of (and other interests in) Intellectual Property set forth in Section 6 in this
Agreement shall continue in full force and effect; provided that, if Novartis terminates the Agreement pursuant to Sections
2.2.2 or 2.2.5, the license to SomaLogic set forth in Section 65 shall thereupon terminate.

 

b.
By SomaLogic. If Soma Logic terminates this Agreement pursuant to Sections 2.2.2 or 2.2.4, the licenses granted
to it and its Affiliates of (and other interests in) Intellectual Property set forth in Section 6 in this Agreement shall continue
in full force and effect; provided that, if SomaLogic terminates the Agreement pursuant to Section 2.2.2, the license to
Novartis set forth in Section 6.4 shall thereupon terminate.

 

    	Rev. FINAL	Page 7 of 41	CONFIDENTIAL

     

    

 		3.	PAYMENT
                                            TERMS, RECORDKEEPING AND REPORTS

 

3.1.
Novartis SOMAscan Services

 

3.1.1.
Services. Novartis and its Affiliates shall submit SOMAscan Study Submission Forms to SomaLogic (as described in Exhibit A)
to request the performance of Novartis SOMAscan Services for the following projected annual minimum number of Samples (the “Projected
Annual Minimum”):

 

	Calendar
  Year 	 	Projected
  Annual Minimum
	 	 	 
	2019	 	[****]*
	 	 	 
	2020	 	[****]  
	 	 	 
	2021	 	[****]  
	 	 	 
	2022	 	[****]  
	 	 	
	2023+	 	[****]  

 

*[****]

 

Notwithstanding
the foregoing, the Parties will periodically revise the Projected Annual Minimum set forth above as reasonably necessary to reflect:
(a) SomaLogic’s limitations with respect to assay capacity (particularly with respect to [****]) (b) the Parties’
desire to support backwards compatibility of SOMAscan Data with respect to SOMAscan Assays conducted on [****]) after the Effective
Date; (c) Sample flow; (d) Sample backlog; (e) Novartis’ access to and supply of Samples appropriate for both versions of the SOMAscan
Assay [****]; and (f) the status of Reversioning Plan activities; in an effort ensure a reasonably consistent flow of Samples
over the course of each calendar year and to minimize large seasonal or periodic variations that would negatively affect SomaLogic’s
ability to manage its assay capacity. The Parties acknowledge Novartis may exceed its Projected Annual Minimums by [****] following
completion of the Reversioning Plan and the migration to [****]. Within thirty (30) days after the execution of this Agreement,
Novartis will provide SomaLogic with a non-binding [****] forecast of its SOMAscan Assay requirements. Thereafter, Novartis
will provide a rolling, non-binding forecast of its SOMAscan Assay requirements on a [****] basis, with each estimate to be
provided at least thirty (30) days prior to the commencement or each [****]; provided, however, that Novartis will
not increase or decrease its [****] forecasted number of Samples by more than [****]. If Novartis does not submit Samples
meeting a least the relevant Projected Annual Minimum in a given calendar year as required by this Agreement (a “Shortfall Year”),
Novartis will have the right, for a period of 90 days following the end of such calendar year, to submit additional Samples to SomaLogic
that will be deemed to be included in the number of Samples submitted in the Shortfall Year for the purpose of determining if the Projected
Annual Minimum has been met for such calendar year. Following such 90-day period, and except if a Force Majeure event has prevented
Novartis from collecting or submitting Samples to SomaLogic as contemplated by Section 8.16, if Novartis still not submitted Samples
meeting at least the Projected Annual Minimum (taking into account any additional Samples submitted pursuant to the prior sentence),
Novartis will be obligated to make a true up payment to SomaLogic in an amount equal to the difference between the Projected Annual Minimum
and the amount of Samples actually submitted or deemed to be submitted in such calendar year, multiplied by [****]. Any such payment
will be made by Novartis within 60 days of receipt of an invoice, which SomaLogic may issue upon a determination of the Sample shortfall
for the relevant calendar year.

 

		3.1.2.	Service
                                            Fees.

 

a.
Novartis and its Affiliates shall pay the following per Sample fee for the performance of Novartis SOMAscan Services (individually and
collectively, the “Novartis Price”):

 

i.
[****]USD/Sample for Novartis SOMAscan Services performed during the Term using (1) Samples for which [****] are provided
in accordance with the Program Plan; or (2) Samples for which [****] are provided in accordance with the Program Plan; and

 

ii.
[****]USD/Sample for Novartis SOMAscan Services performed during the Term using Samples for which neither (1) [****] nor
(2) [****] are provided.

 

b.
The price per Sample shall be determined on a clinical study by clinical study basis for each Project Plan prior to the commencement
of any SOMAscan Assays for the Novartis clinical study (based on the projected Sample/Clinical Data combinations anticipated to be provided),
with a true up to be completed upon completion of the relevant Novartis clinical study to reflect actual combinations of Samples and
Clinical Data provided to SomaLogic. Samples provided in excess of the Projected Annual Minimums shall be at the same price per Sample.
The only firm commitment of Novartis, however, is the Projected Annual Minimums listed in Section 3.1.1, it being understood that
such Projected Annual Minimums may be revised by the Parties as set forth in that Section.

 

    	Rev. FINAL	Page 8 of 41	CONFIDENTIAL

     

    

 

c.
Notwithstanding the foregoing, during the Term: (i) in the event SomaLogic offers another [****] a standard price per sample (excluding,
for example, [****] that is lower than the Novartis Price and is offered under terms and conditions that are the same or substantially
similar to those set forth in this Agreement (“Comparable Transaction”), Novartis will pay such lower price; and (ii)
if at any time the per Sample Cost to SomaLogic of performing Novartis SOMAscan Services, as determined by SomaLogic in good faith using
generally-accepted Accounting Standards, is below [****] USD per Sample, then SomaLogic will reduce the Novartis Price by
[****] of the dollar amount representing the difference between [****] USD and the then current Cost per Sample. Items
(i) and (ii) from the preceding sentence shall apply only during the Term, and SomaLogic will provide Novartis with a written report
summarizing all Cost decreases from the previous calendar year and all prices applicable to Comparable Transactions no later than [****]
of each year.

 

d.
Notwithstanding anything in this Agreement to the contrary, in the event Novartis invests at least [****] a SomaLogic initial
public offering or other pre-IPO round of financing, where such at least [****] is invested following an investment in SomaLogic
by Novartis of not less than [****] the Novartis Price for SOMAscan Assays other than those performed using [****] will
be the lesser of (i) [****] USD per Sample or (ii) the reduced price per Sample reflected in Section 3.1.2.c(ii), for each
year during the remainder of the Term regardless of whether or not [****] or [****] are provided; provided,
however, that in the event the Novartis Price is adjusted pursuant to this Section such that it is the same for all Samples assayed
by SomaLogic, and regardless of the provision of Clinical Data to SomaLogic: (1) Novartis will use commercially reasonable efforts to
provide [****], and, in Novartis’ sole discretion, [****], in both cases as provided in Section 4.10.2; (2)
the Parties will review the historical percentage of the Projected Annual Minimum that has been provided to SomaLogic with [****]
and [****]; and (3) in view of such historical percentage, the Parties will negotiate in good faith to determine a reasonable
minimum for the percentage of the Projected Annual Minimum with which Novartis will provide [****] and [****] to SomaLogic
for the remainder of the Term. For the avoidance of doubt, the reduced pricing set forth in this Section 3.1.2.d will not apply
to Samples assayed using[****].

 

3.2.
Payment Terms; Late Payments. All payments are due within [****] days after receipt of the invoice. Late payments may be subject
to interest. Annual interest on any overdue amounts owed to a Party shall be calculated at the average one-month London Interbank
Offered Rate (LIBOR) for the payment currency as reported from time to time in the Wall Street Journal plus [****], but in no
event higher than [****] effective for the first date on which payment was delinquent and calculated on the number of days such
payment overdue. The foregoing remedy is in addition to any other rights and remedies available to SomaLogic for past due amounts. All
payments shall be made in US Dollars. For the avoidance of doubt, no payments shall become due and payable and neither Party will be
obligated to reimburse the other Party for any costs incurred by the other Party under or in connection with this Agreement unless and
until this Agreement becomeseffective.

 

3.3.
Recordkeeping. Each Party shall keep complete, true and accurate books and records in accordance with its Accounting Standards, as
applicable, in relation to this Agreement. Each Party will keep such books and records for at least three years following the calendar
year to which they pertain.

 

    	Rev. FINAL	Page 9 of 41	CONFIDENTIAL

     

    

 

3.4.
Financial Audit Right.

 

3.4.1.
Each Party may, upon not less than [****] prior written notice and not more than [****] per calendar year during the
Term, cause an internationally-recognized independent firm (the “Auditor”), which is reasonably acceptable to
the other Party, to inspect the relevant records of the other Party and its Affiliates with respect to the following:

 

(a)
For audits conducted by SomaLogic: to verify Novartis’ reports with respect to royalty- bearing licenses granted under this
Agreement; and

 

(b)
For audits conducted by Novartis: to verify the amounts invoiced by SomaLogic to Novartis under this Agreement.

 

3.4.2.
Before beginning its audit, the Auditor shall execute an undertaking acceptable to the audited Party by which the Auditor agrees
to keep confidential all information reviewed during the audit. Such audit will be conducted during regular business hours, in a manner
so as not to unreasonably interfere with the audited Party’s normal business operations, and at such place or places where such
records are customarily kept. The Party requesting the audit will bear all costs and expenses associated with such audit.

 

3.4.3.
The Auditor shall provide its audit report and basis for any determination to the audited Party at the time such report is provided
to the requesting Party before it is considered final. The audited Party shall have the right to request a further determination by such
Auditor as to matters which the audited Party disputes within thirty (30) days following receipt of such report. The audited Party will
provide the requesting Party and the Auditor with a reasonably detailed statement of the grounds upon which it disputes any findingsin
the audit report and the Auditor shall undertake to complete such further determination within thirty (30) days after the dispute notice
is provided, which determination shall be limited to the disputed matters. Any matter that remains unresolved shall be resolved in accordance
with the dispute resolution procedures contained in Section 8.15.

 

3.4.4.
In the event that the final result of the inspection reveals an undisputed underpayment or overpayment by the requesting Party, the
underpaid or overpaid amount shall be settled promptly.

 

3.5.
[****].

 

		4.	CONFIDENTIALITY

 

4.1.
Non-Disclosure; Limited Use. Recipient and its Affiliates may only use Confidential Information for the purposes of this Agreement
and pursuant to the rights granted to the Recipient under this Agreement. Except as otherwise expressly permitted by this Agreement (including
the Program Plan) or the relevant Project Plan (including, without limitation, the provisions of Section 5), Recipient will not
publish, disclose, or use Confidential Information without the prior written consent of the Discloser. Recipient will protect Discloser’s
Confidential Information from unauthorized use, access, or disclosure in the same manner that Recipient protects its own confidential
and proprietary information of a similar nature or importance but in no event with less than reasonable care. Recipient will be liable
for any breach of this Section 4 by any of Recipient’s Personnel or any Third Party to whom Recipientdiscloses Confidential
Information.

 

4.2.
Trade Secret Information.

 

4.2.1.
General. “Trade Secret Information” means any information, or any physical or chemical material provided that
contains or otherwise embodies information, including any formula, pattern, compilation, program, device, method, technique, process,
nucleic acid sequence, modified nucleotide, synthesis method, algorithm, computer script or derivatives thereof, that: (a) derives independent
economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other
Person who can derive economic value from its disclosure or use; (b) is the subject of efforts that are reasonable under the circumstances
to maintain its secrecy; and [****]. Party may use Trade Secret Information belonging to the other Party only for the Purpose
and will take reason e and necessary measures to preserve the secrecy and confidentiality and avoid the unauthorized use or disclosure
of the other Party’s Trade Secret Information, including, without limitation, taking such measures it takes to protect its own
trade secret information. Neither Party will attempt to obtain or obtain through improper means or misappropriate Trade Secret Information
of the other Party. Except as otherwise expressly set forth in this Section 4.2.1, a Party will not disclose or transfer Trade
Secret Information of the other Party, in any form, to any Third Party. A Party may disclose Trade Secret Information to its directors,
officers, employees or Service Providers who need to know Trade Secret Information in connection with the Purpose, so long as each of
its directors, officers, employees and Service Providers has a legally enforceable obligation to such Party to comply with provisions
no less restrictive than those set forth herein for Trade Secret Information and such Party notifies its directors, officers, employees
and Service Providers who receive Trade Secret Information of the existence of such Party’s obligation to maintain such information
as a Trade Secret and not to use any such Trade Secret Information except as expressly permitted under this Agreement. At the beginning
of each Calendar Quarter, each Party will report in writing to the other Party the list of Service Providers to whom it has disclosed
Trade Secret Information during the immediately preceding Calendar Quarter. A Party or its Affiliate that receives Trade Secret Information
from the other Party or its Affiliates may not disclose such Trade Secret Information to its Affiliates, Collaboration Partners or agents
without the prior written consent of the other Party. Each Party will be liable to the other Party for any breach of this Section
4.2, including any public disclosure or misappropriation of Trade Secret Information, by such Party or any of Its directors, officers,
employees, agents, Affiliates, Service Providers or Collaboration Partners.

 

    	Rev. FINAL	Page 10 of 41	CONFIDENTIAL

     

    

 

4.2.2.
Exclusions. Obligations of non-disclosure and non-use of Trade Secret Information will not apply to information provided
to a Party hereunder by or on behalf of the other Party if such information: (a) was already known to such Party at the time of disclosure
by the other Party, as evidenced by written records kept in the ordinary course of business or by proof of actual use thereof; (b) was
disclosed to such Party by a Third Party who had an apparent bona fide right to make such disclosure without breaching any Trade Secret
non-use obligations or confidentiality obligations to the other Party, as evidenced by such Party’s written records kept in
the ordinary course of business; (c) is, or through no act or failure to act by such Party in breach of this Agreement has become, publicly
known or generally available to the public; or (d) was independently developed by or for such Party without use of or reference to the
other Party’s Trade Secret Information, as evidenced by such Party’s written records kept ss missions of the Partiebusiness.

 

4.2.3.
SomaLogic Trade Secrets. Novartis acknowledges that SomaLogic regards all [****] including the [****] as SomaLogic’s
Trade Secret Information. Novartis will maintain all Novartis SOMAmer Sequence Information as Trade Secret Information belonging to SomaLogic
(“SomaLogic Trade Secret Information”). Except as expressly permitted in this Agreement (including the Program Plan)
or in any Project Plan, Novartis am its Affiliates will not obtain through improper means or misappropriate any SomaLogic Trade Secret
Information. All SomaLogic Trade Secret Information will be used by Novartis and its Affiliates solely in the performance of the Program
and its rights under this Agreement. For clarity, SOMAscan Data relating to Novartis’ Samples are not SomaLogic Trade Secret Information.

 

4.3.
Permitted Disclosures.

 

4.3.1.
General. For each permitted disclosure of Confidential Information as set forth In this Section 4.3, Recipient may only disclose
Confidential Information to its Personnel and those Third Parties identified in the applicable subsection below, provided that
each such party has (a) a need to know such Confidential Information for the purposes of this Agreement or for the exercise of rights,
including the licenses, granted under this Agreement; and (b) a contractual, fiduciary, or other legal duty of confidentiality to Recipient
sufficient to enable compliance with the provisions of this Section 4.

 

4.3.2.
SOMAscan Data and Novartis Results.Subject to the restrictions set forth in this Agreement, SOMAscan Data and Novartis Results
will be owned by and be the Confidential Information of Novartis.

 

4.3.3.
Clinical Data. SomaLogic may disclose Clinical Data to a Service Provider only upon written request to Novartis and with the prior
written consent of Novartis’ data quality assurance, which will not be unreasonably withheld or delayed if Novartis has audited
and approved such Service Provider.

 

4.3.4.
Patent Rights. Each Party may use and disclose Confidential Information of the other Party or its Affiliates to the extent such use
or disclosure is necessary for filing or prosecuting Patents; provided that such disclosure shall be limited to such disclosures
that are reasonably necessary for the purposes of preparing such Patents.

 

    	Rev. FINAL	Page 11 of 41	CONFIDENTIAL

     

    

 

4.3.5.
Regulatory Approval. Each Party may disclose Confidential Information of the other Party or its Affiliates to the extent such use
or disclosure is necessary in connection with seeking for or obtaining regulatory approval for a Diagnostic or Therapeutic.

 

4.4.
Prohibited Transfers and Disclosures. SomaLogic may not transfer or otherwise provide Samples or Clinical Data to any Third Party
without Novartis’s prior written consent.

 

4.5.
Exclusions. Recipient’s obligations of confidentiality will not apply to information that the Recipient can demonstrate by
competent evidence: (a) was already known to Recipient or its Affiliates at the time of disclosure by Discloser; (b) was disclosed to
Recipient by a Third Party who, to Recipient’s knowledge, had a right to make such disclosure without breaching any confidentiality
obligations to Discloser; (c) is, or through no act or failure to act by Recipient or its Affiliates in breach of this Agreement has
become, publicly known or generally available to the public; (d) was independently developed by or for Recipient or its Affiliates without
use of or reference to Discloser or Discloser’s Affiliates’ Confidential Information; (e) was published or disclosed in accordance
with the terms and conditions of this Agreement. Specific aspects or details of Confidential Information shall not be deemed to be within
the public domain or in the possession of the Recipient merely because the Confidential Information is embraced by more general information
in the public domain or in the possession of the Recipient. Further, any combination of Confidential Information shall not be considered
in the public domain or in the possession of the Recipient merely because individual elements of such Confidential Information are in
the public domain or in the possession of the Recipient unless the combination and its principles are in the public domain or in the
possession of theRecipient.

 

4.6.
Required Disclosures.

 

4.6.1.
In the event the Recipient is required to disclose Confidential Information to comply with any law, regulation or valid court order,
Recipient will provide Discloser with prompt and timely written notice of the requirement to permit Discloser to object or seek protection
from the order. If the requirement is not timely limited or quashed, Recipient-may then furnish only such portion of the Confidential
Information that Recipient’s legal counsel reasonably determines is necessary to comply with the requirement.

 

4.6.2.
Each Party may disclose Confidential Information belonging to the other Party or its Affiliates to the extent disclosure is necessary
in connection with prosecuting or defending legal proceedings as permitted by this Agreement.

 

4.6.3.
Either Party may disclose the existence or terms of this Agreement without the consent of the other Party as may be required by applicable
laws, regulations or valid court orders, including those incident to the listing of securities on the stock exchange, provided that
the Party disclosing such information will: (a) only disclose such information as required by such laws, regulations or valid court orders;
(b) provide reasonable advance written notice to the other Party of the intended disclosure and the content of that disclosure; and (c)
the disclosing Party shall submit a confidential treatment request for all provisions of this Agreement that can be reasonably deemed
to be trade secrets of the non-disclosing Party and shall provide the non-disclosing Party reasonable advance written notice
and the opportunity to comment on any such confidential treatment request prior to its submission.

 

4.6.4.
Each Party may also disclose the existence or terms of this Agreement, without the consent of the other Party, to: (a) its board
of directors, with financial information included; (b) financial investors (including prospective investors), with financial information
redacted; or (c) Collaboration Partners, with financial information and commercially sensitive information redacted; provided
that, in each case of any proposed disclosure by a Party, the other Party will be provided reasonable written notice and the opportunity
to review the proposed redaction in advance of the disclosure and to require the redaction of any financial information or commercially
sensitive information not redacted by the disclosing Party.

 

    	Rev. FINAL	Page 12 of 41	CONFIDENTIAL

     

    

 

4.7.
Obligation to Return or Destroy. Subject to the rights granted in Section 6, upon Discloser’s written request, Recipient
will promptly return to Discloser or destroy (and certify to Discloser in writing, within thirty (30) days after the request, the destruction
of) the original and all copies of Discloser’s Confidential Information not necessary for the Recipient’s use of the rights
and licenses granted to it hereunder. The foregoing obligation does not apply to (a) Confidential Information that is maintained on routine
computer system backup storage devices if such Confidential Information is not used, disclosed, or otherwise recovered from such backup
devices; or (b) a single record copy of Confidential Information kept as required by applicable law or for the purpose of ascertaining
and monitoring Recipient’s continuing rights and obligations under this Agreement.

 

4.8.
Duration of Obligation. The obligations under this Section 4 will continue in effect during the Term and for [****] years
after the expiration or termination of this Agreement; except that obligations of confidentiality and limited use regarding Trade Secret
Information and other Confidential Information that Discloser has expressly identified in writing as constituting a Trade Secret will
continue until such information is no longer a trade secret under applicable law.

 

4.9.
Equitable Relief. The Parties acknowledge and agree that damages alone may not be an adequate remedy for any breach or violation
of this Section 4 and that Discloser will, in addition to any other remedies, be entitled to seek in any court of competent jurisdiction
injunctive relief, including specific performance, with respect to Recipient’s breach or threatened breach of such obligations.

 

4.10.
Data Use Rights

 

4.10.1.
SOMAscan Data.

 

a.
Novartis. Notwithstanding anything in this Agreement to the contrary and in addition to other rights expressly granted herein, SomaLogic
hereby gives Novartis and its Affiliates access to and hereby grants to Novartis and its Affiliates a worldwide, non-exclusive, nontransferable,
perpetual, sublicensable (as described below), fully paid, royalty-free license and right to use SOMAscan Data generated by SomaLogic
under this Agreement or under the Original Agreement to research and develop (including obtaining regulatory approval for) Novartis Diagnostics
and Novartis Therapeutics, and for the Commercialization of Novartis Therapeutics, by or on behalf or for the account of Novartis or
any of its Affiliates, as well as a right to disclose both SOMAscan Data and Novartis Results to Third Parties (in the case of SOMAscan
Data, subject to the obligations set forth in Section 4.10.1.b below).

 

b.
Novartis Collaboration Partners. Novartis may disclose and sublicense the use of Novartis SOMAscan Data to a Collaboration Partner
solely for such Novartis Collaboration Partner’s use in collaborative research with Novartis. Novartis Collaboration Partners may
not use SOMAscan Data to develop Diagnostics other than Novartis Diagnostics and, for the avoidance of doubt, except as permitted by
Section 5, may not disclose any such SOMAscan Data to any other Person (i.e., no 4th party transfer).

 

c.
SomaLogic. Notwithstanding anything in this Agreement to the contrary and in addition to other rights expressly granted herein,
Novartis and its Affiliates hereby give SomaLogic and its Affiliates access to and hereby grant to SomaLogic and its Affiliates a [****]
and right to use [****] solely to [****] by or on behalf or for the account of SomaLogic or any of its Affiliates,
including without limitation for use in support of regulatory filings and related submissions. Novartis acknowledges that SomaLogic and
its Affiliates will aggregate SOMAscan Data, in whole or in part, with other data for the research and development of such Medical Diagnostics
and agrees that SomaLogic and its Affiliates will have no obligation with respect to any such Medical Diagnostics to provide prior notice
to Novartis of any regulatory submissions containing aggregated data that may include, in whole or in part, SOMAscan Data generated for
Novartis or any of its Affiliates; provided, however, that in no event will SomaLogic publish non-aggregated SOMAscan
Data in connection with such activities without Novartis’ prior written consent, which consent shall not be unreasonably withheld
or delayed. The foregoing license is only sublicensable to any SomaLogic Collaboration Partner (except [****] researching, developing,
obtaining regulatory approval for, or Commercializing Medical Diagnostics by or on behalf or for the account of SomaLogic or its Affiliates
(and for no other purpose). For the avoidance of doubt, SomaLogic and its Affiliates may research or develop Medical Diagnostics (but
not Therapeutics) using SOMAscan Data in conjunction with both Clinical Data and other data obtained from other research projects or
from any Third Party if such research or development falls within the scope of the Informed Consent.

 

    	Rev. FINAL	Page 13 of 41	CONFIDENTIAL

     

    

 

4.10.2.
Clinical Data.

 

a.
Clinical Data from Novartis-Sponsored Studies. In connection with Samples derived from Novartis-sponsored clinical studies
and except as otherwise set forth in the following sentence, Novartis will provide to SomaLogic, in the manner detailed in the Program
Plan, the Baseline and Control Sample Data as detailed in the Program Plan, and may, at its option, provide the Intervention Sample Data
as detailed in the Program Plan, for use by SomaLogic in accordance with the license granted to it in Section 4.10.21. Notwithstanding
the foregoing sentence, under certain circumstances (e.g., where a trial is not completed due to unforeseen circumstances, a trial
is not unblinded, required Informed Consents are withdrawn, or if Novartis does not itself obtain access to the Clinical Data, etc.),
Novartis will not be required to transfer the relevant Clinical Data to SomaLogic.

 

b.
Clinical Data from Novartis Collaboration Partners. Novartis and its Affiliates will make a good faith request of, and attempt
to negotiate with, each Novartis Collaboration Partner to share the Novartis Collaboration Partner’s Clinical Data with SomaLogic
Where Samples are obtained from a Novartis Collaboration Partner and such Collaboration Partner is willing to do so, the requisite parties
will enter into a multi-party collaboration agreement to enable SomaLogic to receive Clinical Data related to the Samples directly
from the Novartis Collaboration Partner. Where a Novartis Collaboration Partner is unwilling to share its Clinical Data with SomaLogic,
prior to transferring SOMAscan Data to any such Novartis Collaboration Partner, Novartis or its Affiliate will ensure that such Novartis
Collaboration Partner is subject to an obligation (naming SomaLogic as a third party beneficiary) that such Novartis Collaboration Partner
will not file any Patents claiming Biomarkers discovered or created through the use of the SOMAscan Data.

 

c.
License Grant to SomaLogic. Notwithstanding anything in this Agreement to the contrary and in addition to other rights expressly
granted herein, Novartis and its Affiliates hereby give SomaLogic and its Affiliates (other than any Affiliate company primarily engaged
in the development or commercialization of its own drugs or biologic products) access to and hereby grant to SomaLogic and its Affiliates
a [****] to [****] by or on behalf or for the account of SomaLogic or any of its Affiliates, including without limitation
for use in support of regulatory filings and related submissions. For the avoidance of doubt, no license is granted with respect to SOMAscan
Data generated from Novartis Samples where no associated Clinical Data has been shared by Novartis. Novartis acknowledges that SomaLogic
and its Affiliates will aggregate Clinical Data, in whole or in part, with other patient clinical data in the research and development
of Medical Diagnostics and agrees that SomaLogic and its Affiliates will have no obligation to provide prior notice to Novartis of any
regulatory submissions containing aggregated clinical data that may include, in whole or in part, Clinical Data provided by Novartis
or any of its Affiliates; provided, however, that in no event will SomaLogic publish non-aggregated SOMAscan Data in
connection with such activities without Novartis prior written consent, which consent shall not be unreasonably withheld or delayed.
The foregoing license is only sublicensable to SomaLogic’s Affiliates or an SomaLogic Collaboration Partner researching, developing,
obtaining regulatory approval for, manufacturing or selling [****] by or on behalf or for the account of SomaLogic. For the avoidance
of doubt, SomaLogic and its Affiliates may research or develop [****] using SOMAscan Data generated from Novartis Samples where
the associated Clinical Data has been shared by Novartis in conjunction with both Clinical Data and data obtained from other research
projects or from any Third Party if such research or development falls within the scope of the Informed Consent.

 

4.11.
Subject Consortia.Prior to execution of any Subject Consortium, Novartis will provide timely notice to SomaLogic of the proposed
Subject Consortium via the JSC and allow SomaLogic to provide input to Novartis regarding relevant discussions related to the consortium,
where appropriate. SomaLogic will discuss such matter in a commercially reasonable, good faith manner consistent with the spirit of this
Agreement, provided that SomaLogic will have a veto right with respect to the pricing of any SOMAscan Assay services to be performed
for the benefit of such Subject Consortium. “Subject Consortium” or “Subject Consortia,” as applicable,
means any collaboration, research agreement, or similar arrangement that (a) Novartis or its Affiliates is a party to; (b) Is not a Novartis-sponsored
clinical study; (c) does not relate to a Novartis Therapeutic or its use; (d) the relevant agreement contemplates performance of the
SOMAscan Assay on more than [****] Samples and the delivery of resulting SOMAscan Data to one or more Third Parties; and (e) either
or both (i) includes as its members or as the counter- party a commercial, for-profit entity or company (other than SomaLogic
or any of its Affiliates or Novartis or any of Re’ its Affiliates); or (ii) as a condition to participation in such collaboration,
research agreement, or similar arrangement, SOMAscan Data would be required to be submitted to a data repository as contemplated by Section
5.4. On an annual basis, the JSC will review all consortium, collaboration, and research agreements, or similar arrangements to which
Novartis or any of its Affiliates are a party that otherwise would constitute a Subject Consortium if the number of Samples to be analyzed
using the SOMAscan Assay had exceeded [****]; provided, however, that Novartis will not be required to disclose confidential
information of a Third Party without the relevant Third Party’s consent.

 

    	Rev. FINAL	Page 14 of 41	CONFIDENTIAL

     

    

 

		5.	PUBLICATION

 

5.1.
Publication Rights.The Parties acknowledge that, from time-to-time, publications in peer reviewed journals arising from
activities under this Agreement may require the publication or submission of Novartis Results with supporting SOMAscan Data that does
not include all or substantially all of the SOMAscan Data provided to Novartis under a Project Plan. In these instances, supporting SOMAscan
Data and limited Clinical Data may be made available to such publications as per the standard for such scientific communications (and
subject to their applicable restrictions). Novartis has the sole right to control publication of Novartis Results whether Novartis is
the sole publisher or joint publisher with SomaLogic. When Novartis is the sole publisher, Novartis will use its best efforts provide
SomaLogic, for SomaLogic’s information, a complete copy of the publication, including supporting documentation, which Novartis
intends to make public on acceptance for publication by the journal. Novartis or its Affiliates will not publish or otherwise publicly
disclose, or permit any Third Party to publish or otherwise publicly disclose, SOMAscan Data except in accordance with this Section5.

 

5.2.
Submission of Data; Novartis Collaboration Partners. If publication in a peer-reviewed journal of an analysis of SOMAscan Data
arising from research activities conducted by Novartis or any of its Affiliates or Novartis Collaboration Partners requires the publication
or submission to the journal of raw data, supporting SOMAscan Data may be included as part of, or as a supplement to, any publication
in a peer-reviewed journal solely to the extent that such supporting SOMAscan Data directly supports the Novartis Results described
in the proposed publication and, specifically, does not include the entire data set that may be used by Novartis, or provided, in whole
or part, to a Novartis Collaboration Partner for use, in a clinical study or other research project.

 

5.3.
Access for Verification and Reproducibility of Novartis Results.In the event that a publisher requires the submission of, or
enablement of access to, the SOMAscan Data underlying a manuscript submitted for publication by Novartis or any of its Affiliates or
Novartis Collaboration Partners, such SOMAscan Data may be made available to Third Party scientific researchers who agree to execute
the Data Access Request and Data Use Agreement shown in Exhibit C prior to being given controlled access to such SOMAscan Data.

 

5.4.
Data Repository. If any research conducted by Novartis or any of its Affiliates, either alone or with a Novartis Collaboration Partner
that has shared its Clinical Data with SomaLogic, is part of a study funded by a United States federal agency or similar government entity
that has a data sharing policy to which Novartis, any of its Affiliates or any such Novartis Collaboration Partner must adhere that requires
the integration into a public database of all or substantially all of the SOMAscan Data provided to Novartis under a Project Plan, Novartis
or its Affiliates will not, and it will procure that any Novartis Collaboration Partner will not, to the extent permitted by the study’s
data sharing policy, provide any SOMAscan Data to the data repository until the earlier to occur of [****] after completion of
the applicable clinical study or other project or waive [****] after acceptance for publication of a primary manuscript describing
the Novartis Results of the applicable clinical study or other project conducted by Novartis or any of its Affiliates, either alone or
with any such Novartis Collaboration Partner. For the avoidance of doubt, any Novartis Collaboration Partner that has not shared its
Clinical Data with SomaLogic will not be permitted to provide any SOMAscan Data to a data repository at any time unless such Novartis
Collaboration Partner is subject to an obligation (naming SomaLogic as a third party beneficiary) that such Novartis Collaboration Partner
will not file any Patents claiming Biomarkers discovered or created through the use of the SOMAscan Data.

 

    	Rev. FINAL	Page 15 of 41	CONFIDENTIAL

     

    

 

		6.	DATA;
                                            INTELLECTUAL PROPERTY; LICENSE GRANTS

 

6.1.
Ownership; Inventorship

 

6.1.1.
Inventorship Determination. Inventorship of inventions conceived of and reduced to practice in the Program shall be determined in
accordance with the laws of the United States of America. The Parties will promptly notify each other in confidence of any inventions
if such inventions are required to be assigned to the other Party pursuant to this Agreement. In the event of a dispute between Novartis
and SomaLogic over inventorship, the Parties will attempt in good faith to resolve such dispute through discussions and, if the dispute
is not resolved within thirty (30) days after commencing such discussions, will designate independent U.S. patent counsel mutually acceptable
to the Parties to render a binding and non-appealable opinion with respect to such dispute, who (and whose firm) is not at the time
of the dispute, and was not at any time during the five (5) years prior to such dispute, performing services for either of the Parties.
Expenses and fees of such patent counsel will be shared equally by the Parties.

 

6.1.2.
SomaLogic Intellectual Property. As between the Parties, SomaLogic will have sole and exclusive ownership (regardless of inventorship)
of all right, title and interest on a worldwide basis in and to any and all Assay Technology, Assay Patents, SOMAmer Technology and SOMAmer
Patents.

 

6.1.3.
Novartis Intellectual Property. As between the Parties, Novartis will have sole and exclusive ownership (regardless of inventorship)
of all right, title and interest on a worldwide basis in and to any and all Novartis Technology and Novartis Patents.

 

6.1.4.
Joint Intellectual Property.The Parties do not anticipate the creation or discovery of any Joint However, in the event Joint Technology
is created, conceived of, or reduced to practice, unless and until the Parties agree otherwise in writing: (a) Joint Technology will
be jointly owned by the Parties; (b) neither Party may use any Joint Technology or file any Joint Patents without the prior written consent
of the other Party; (c) all Joint Technology will be the Confidential Information of both Parties, with each Party deemed to be a Recipient
for the purposes of Section 4; and (d) the Parties shall negotiate in good faith with respect to the responsibility for, and costs
associated with, filing, prosecuting, maintaining and enforcing any associated Joint Patents. Notwithstanding the foregoing, Joint Technology
consisting of Improvements to SOMAmer Technology, SOMAmer Patents, Assay Technology or Assay Patents is hereby assigned by Novartis to
SomaLogic, and Joint Technology consisting of Improvements to Novartis Technology or Novartis Patents is hereby assigned to Novartis,
in each case upon the creation of, conception of, or reduction to practice of such Joint Technology.

 

6.1.5.
Other Intellectual Property. Subject to Sections 6.1.2, 6.1.3 and 6.1.4, rights of ownership in and title to
any Program Technology will be determined in accordance with the laws of the United States of America.

 

6.2.
Patent Filing, Prosecution, and Maintenance.

 

6.2.1.
Novartis Patents. Novartis, at its sole discretion and expense shall be responsible for the preparation, filing, prosecution, and
maintenance of all Novartis Patents. At Novartis’ written request, SomaLogic shall cooperate with and assist Novartis in all reasonable
respects in connection with such preparation, filing, prosecution, and maintenance of such Patents, including but not limited to obtaining
assignments to reflect chain of title consistent with the terms of this Agreement, gaining United States patent term extensions, supplementary
protection certificates and any other extensions that are now or become available in the future wherever applicable.

 

6.2.2.
SomaLogic Patents. SomaLogic, at its sole discretion and expense and acting through patent counsel or agents of its choice, shall
be responsible for the preparation, filing, prosecution, and maintenance of all SomaLogic Patents. At SomaLogic’s written request,
Novartis shall cooperate with and assist SomaLogic in all reasonable respects in connection with such preparation, filing, prosecution,
and maintenance of such Patents, including but not limited to obtaining assignments to reflect chain of title consistent with the terms
ofthis Agreement, gaining United States patent term extensions, supplementary protection certificates and any other extensions that
are now or become available in the future wherever applicable.

 

    	Rev. FINAL	Page 16 of 41	CONFIDENTIAL

     

    

 

6.3.
Patent Litigation

 

6.3.1.
Solely Owned Patents. All litigation or other similar proceedings related to a Party’s solely owned Patents will be directed
and controlled by such Party (at such Party’s sole expense, subject to the indemnification obligations of the Parties set forth
in Section 7), and the other Party shall not have the right to commence, direct, or control any such litigation orproceedings.

 

6.4.
License Grants to Novartis.

 

6.4.1.
Novartis Therapeutics. SomaLogic hereby grants to Novartis and its Affiliates a [****] under all [****] to [****]
in connection with this Agreement, regardless of time of discovery.

 

6.4.2.
Novartis Diagnostics. SomaLogic hereby grants to Novartis and its Affiliates a [****] under all [****] in connection
with this Agreement, regardless of time of discovery.

 

6.4.3.
Pathway Panel Assays; SOMAmer Panels; [****].

 

a.
Pathway Panel Assays.SomaLogic hereby grants to Novartis and its Affiliatesa [****] under [****] solely
for [****].

 

b.
SOMAmer Panels. Subject to Sections 6.9 and 6.10, Soma Logic hereby grants to Novartis and its Affiliates a [****]
under [****] to [****]. To the extent additional SOMAmers (i.e., in addition to the [****] are necessary for
Novartis to reasonably Commercialize [****], the Parties will negotiate in good faith with respect to an expansion of such limit,
taking in account Novartis’ interest in developing the relevant [****] and SomaLogic’s interest in preventing the
duplication of its SOMAscan Assay.

  

c.
[****].

 

6.4.4.
SOMAmer Drug Discovery and Development. SomaLogic hereby grants to Novartis and its Affiliates a [****] during the Term under
[****] solely to [****] by or on behalf of Novartis and its Affiliates. As used herein, [****].

 

6.4.5.
Reservation of Rights by SomaLogic.SomaLogic retains all right, title, and interest in and to all Intellectual Property of SomaLogic
not expressly licensed to Novartis and its Affiliates pursuant to this Agreement. For the avoidance of doubt, (a) except as set forth
in Section 6.4.6, no license is granted to Novartis or its Affiliates under this Agreement, by implication, estoppel, or otherwise,
to make or use any SELEX Technology or SomaLogic Biomarker Technology, to practice any invention Covered by a SELEX Patent or a SomaLogic
Biomarker Patent, or to make, use, or otherwise perform the SOMAscan Assay; and (b) [****].

 

6.4.6.
SOMAscan Assay License and Technology Transfer. Subject to the terms and conditions of this Agreement, SomaLogic hereby grants to
Novartis and its Affiliates a [****] solely to [****] for the sole purpose of [****]. Novartis agrees that Novartis
and its Affiliates shall exercise their rights under the licenses granted to Novartis and its Affiliates in this Section 6.4.6 only
upon the occurrence of any of the following events during the Term (without giving effect to any termination of this Agreement arising
as a result of the occurrence of such event): [****] or [****]. For the avoidance of doubt the license rights granted to
Novartis and its Affiliates by SomaLogic under this Section 6.4.6 do not in any way limit the obligation of Novartis to submit
Samples in the Projected Annual Minimum amounts set forth in Section 3.1.1. prior to the exercise of such license rights by Novartis
or its Affiliates.

 

    	Rev. FINAL	Page 17 of 41	CONFIDENTIAL

     

    

 

6.5.
License Grants to SomaLogic.

 

6.5.1.
License for Medical Diagnostics. Novartis hereby grants to SomaLogic and its Affiliates a[****] under [****] to [****].

 

6.5.2.
Grant back License. Novartis hereby grants SomaLogic and its Affiliates a [****] under[****]. SomaLogic may sublicense
the foregoing license to any Third Party.

 

6.5.3.
License to Use Novartis Proteins. Novartis hereby grants to SomaLogic and its Affiliates a[****] to [****]; to [****]
and to [****]; provided, however, [****].

 

6.6.
Third Party Technologies.Each of the Parties shall obtain, and shall be responsible for all costs related to obtaining, any necessary
license or right to any Third Party Patents Covering such Party’s own Background Technology and Program Technology sufficient to
fulfil such Party’s obligations under this Agreement; provided, however, that this Section 6.6 does not (a)
require a Party to obtain such license or right for the other Party, or (b) in any way expand such Party’s obligations under Section
7 of this Agreement. For clarity, each Party shall be solely responsible for obtaining any necessary license or right from a Third
Party to [****] including, for example, [****].

 

6.7.
Bankruptcy. All licenses granted under or pursuant to this Agreement are, and will otherwise be deemed to be, for purposes of Section
365(n) of the US Bankruptcy Code (the “Code”), licenses of rights to “intellectual property” as defined
under Section 101 of the Code. Each licensee may retain and may fully exercise all of its protections, rights and elections under the
Code. In the event of the commencement of a bankruptcy proceeding by or against a Party under the Code, each licensee will be entitled
to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual
property, and the same, if not already in its possession, will be promptly delivered to it (i) upon any such commencement of a bankruptcy
proceeding upon its written request therefor, unless licensor elects to continue to perform all of its obligations under this Agreement,
or (ii) if not delivered under (i) above, following the rejection of this Agreement by or on behalf of licensor upon written request
therefor by the relevant Party.

 

6.8.
General Provisions Relating to Sublicenses. Any sublicenses granted by either Party pursuant to this Agreement shall contain all
of the applicable conditions, restrictions, and reservations of this Agreement, except for the provisions related to fees. For the avoidance
of doubt, the immediately foregoing sentence means that (a) neither Party shall have the right to grant a sublicense to an Affiliate
or Third Party that grants to such Affiliate or Third Party greater rights than the sublicensor Party has; and (b) to the extent that
a Party has obligations to grant back rights to the other Party with respect to Improvements, or Biomarkers or the like. Each Party that
grants a sublicense to an entity that is not an Affiliate under this Agreement shall give prompt written notice to the other Party of
the fact thereof, which notice shall include the identity of the sublicensee. In addition, when granting a sublicense, the sublicensing
Party shall be responsible to the other Party for any breaches by its sublicensee with respect to the conditions, restrictions, reservations
and grant backs required under this Agreement. The granting of a sublicense by either Party under this Agreement shall not operate to
relieve the sublicensing Party from any of its obligations under this Agreement. Except as specifically permitted in this Agreement,
neither Party shall have the right to grant any sublicenses under this Agreement without the prior written consent of the other Party.

 

6.9.
Novartis [****] Development. In the event Novartis wishes to develop a [****] that incorporates [****], Novartis will
notify SomaLogic prior to developing such [****] either alone or with a Third Party. The Parties will discuss the [****] and
Novartis will choose in its sole discretion if it wishes to develop the [****].

 

a.
[****]; and

 

    	Rev. FINAL	Page 18 of 41	CONFIDENTIAL

     

    

 

b.
if Novartis wishes to work with SomaLogic (in its sole discretion), and SomaLogic agrees (in its sole discretion) to undertake the development
and [****] of a [****] [****], the Parties will enter into a commercially reasonable development and commercialization
agreement, and SomaLogic will take the [****] through development and regulatory filing and be responsible for the [****]
of the [****]. [****].

 

6.10.
  No Other Rights; No Implied Licenses. Only the licenses and other rights expressly granted by one Party to the other Party
under terms of this Agreement are of any legal force or effect. No other licenses or other rights are granted, conveyed or created (whether
by implication, estoppel or otherwise).

 

6.11.
Royalties.

 

6.11.1.
Royalty Rate.

 

a.
Novartis Diagnostic. Novartis or the Third Party (as applicable) will make royalty payments to SomaLogic at a rate of [****]
of worldwide, annual Net Sales of each Novartis Diagnostic developed and Commercialized by or for the benefit or account of Novartis,
its Affiliates, or its or their sublicensees that incorporates a SOMAmer or SOMAmer Panel.

 

b.
Medical Diagnostics without SOMAmers. Novartis or the Third Party (as applicable) will make royalty payments to Soma Logic at
a rate of [****] of worldwide, annual Net Sales of each Medical Diagnostic developed and Commercialized by or for the benefit
or account of Novartis, its Affiliates, or its or their sublicensees pursuant to Section 6.4.3 that uses one or more Biomarkers
derived from an analysis of any SOMAscan Data and that is implemented without incorporating a SOMAmer or SOMAmer Panel.

 

c.
Medical Diagnostics with SOMAmers.Novartis or the Third Party (as applicable) will make royalty payments to SomaLogic at a
rate of [****] of worldwide, annual Net Sales of each Medical Diagnostic developed and Commercialized by or for the benefit of
account of Novartis, its Affiliates, or its or their sublicensees pursuant to Section 6.4.3 that uses one or more Biomarkers derived
from an analysis of any SOMAscan Data and that incorporates a SOMAmer or SOMAmer Panel.

 

d.
Exempt Products. For the avoidance of doubt, (1) Novartis Diagnostics that do not incorporate a SOMAmer or SOMAmer Panel are not
subject to any royalty obligation to SomaLogic; and (2) other diagnostic tests, devices, software, etc., that both (A) do not use Biomarkers
derived from an analysis of any SOMAscan Data, and (B) do not Incorporate a SOMAmer or SOMAmer Panel, are not subject to any royalty
obligation to SomaLogic.

 

6.11.2.
Royalty Term. Royalties will be payable on a Diagnostic-by-Diagnostic and country-by-country basis from the First
Commercial Sale of each Novartis Diagnostic incorporating a SOMAmer or SOMAmer Panel and each Medical Diagnostic in such country until
the later of (a) the expiration of the last to expire Valid Claim of the SomaLogic Patents Covering the relevant Diagnostic; or (b) [****]
of the First Commercial Sale of the relevant Diagnostic (the “Royalty Term”). As used herein, “First
Commercial Sale” means the first sale of each Novartis Diagnostic incorporating a SOMAmer or SOMAmer Panel or each Medical
Diagnostic to a Third Party by or under the authority of Novartis or an Affiliate or licensee or sublicensee of Novartis or its Affiliate
in any country following regulatory approval of such Novartis Diagnostic or Medical Diagnostic in that country or, if no such regulatory
approval or similar marketing approval is required, the date upon which such Novartis Diagnostic or Medical Diagnostic is first commercially
sold in such country. For this purpose, “regulatory approval” means approval (including, where applicable, pricing and reimbursement
approvals), registration, license or authorization to market and sell the Novartis Diagnostic or Medical Diagnostic from the governmental
agency or authority responsible for granting approval for the marketing and sale of such Diagnostics, including the United States Food
and Drug Administration, the European Medicines Agency, the Japanese Ministry of Health, Labor and Welfare and Pharmaceuticals and Medical
Devices Agency, and any corresponding national or regional regulatory authorities in a country or other jurisdiction.

 

    	Rev. FINAL	Page 19 of 41	CONFIDENTIAL

     

    

 

6.11.3.
Payment of Royalties.Within sixty (60) days after the end of any Calendar Quarter, Novartis or the Third Party (as applicable)
will provide SomaLogic with a report stating the Net Sales of both Novartis Diagnostics incorporating a SOMAmer or SOMAmer Panel and
Medical Diagnostics, in each case, sold by or for the benefit or account of Novartis or any of its Affiliates or its or their sublicensees
worldwide, on a country-by-country basis during that Calendar Quarter, together with the calculation of the royalties due to
SomaLogic. Royalty payments will be made by Novartis, its Affiliate or the Third Party (as applicable) to a bank account indicated by
SomaLogic within 30 days following the date of receipt by Novartis or the Third Party (as applicable) of an invoice for the indicated
amount(s). All payments shall be made in US Dollars.

 

		7.	REPRESENTATIONS;
                                            DISCLAIMER; LIMITATION OF LIABILITY; INDEMNITIES

 

7.1.
Mutual Representations.Each Party represents and warrants that: (a) it is legally permitted to enter into this Agreement; (b)
the person executing this Agreement on its behalf is duly authorized and empowered to do so; (c) the terms and conditions of this Agreement
do not conflict with other contractual obligations (express or implied) that it has or may have, or any provision of its organizational
documents, or violate any law, regulation or valid court order; (d) it will process all Clinical Data in accordance with Appendix
2; (e) it has and will maintain all authorizations and licenses from all governmental authorities or third parties necessary to perform
its obligations under this Agreement; (f) it is a corporation duly organized, validly exiting and in good standing under the laws of
its jurisdiction of incorporation; and (g) this Agreement constitutes a valid and binding agreement enforceable against it in accordance
with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, receivership, moratorium,
fraudulent transfer or other similar laws affecting the rights and remedies of creditors generally and by general principles of equity.

 

7.2.
Additional Representations of SomaLogic. SomaLogic represents as of the Effective Date and warrants to Novartis:

 

7.2.1.
that is has obtained from all Personnel who participated in any aspect in the invention or authorship of SOMAmer Technology and Assay
Technology effective assignments of all ownership rights of such individuals to Intellectual Property, either pursuant to written agreement
or by operation of law;

 

7.2.2.
all of its Personnel have executed agreements or have existing obligations under applicable laws requirement assignment to SomaLogic
of all inventions made during the course of and as a result of the Program and obligating the individual to maintain as confidential
SomaLogic’s Confidential Information as well as Confidential Information of other parties (including Novartis and Novartis’s
Affiliates) that such individual may receive in the conduct of the Program;

 

7.2.3.
it has not granted and will not grant to any Third Party rights that would otherwise interfere with or be inconsistent with Novartis’s
rights hereunder, and there are no agreements or arrangements to which SomaLogic or any of its Affiliates is a party relating to any
Intellectual Property Controlled by SomaLogic that would limit the rights granted to Novartis under this Agreement;

 

7.2.4.
to SomaLogic’s knowledge, the SOMAmer Technology and Assay Technology, and the conduct of the Program (including the uses of
the SOMAmer Technology and Assay Technology), does not, and will not, infringe or misappropriate any Third Party’s Intellectual
Property rights;

 

7.2.5.
SomaLogic has the authority to grant licenses to use SOMAmer Technology and Assay Technology as contemplated by this Agreement, without,
to SomaLogic’s knowledge, misappropriating or infringing any Third Party Intellectual Property rights;

 

7.2.6.
SomaLogic will perform all services hereunder in a good and workmanlike manner in accordance with standard industry practice.

 

    	Rev. FINAL	Page 20 of 41	CONFIDENTIAL

     

    

 

7.3.
Additional Representations of Novartis. Novartis represents as of the Effective Date and warrants to SomaLogic:

 

7.3.1.
it has obtained from all of its employees, officers, and consultants who participated in any respect in the invention or authorship
of the Novartis Background Technology effective assignments of all ownership rights of such individuals to such Intellectual Property,
either pursuant to written agreement or by operation of law;

 

7.3.2.
all of its employees, officers, and consultants have executed agreements or have existing obligations under applicable laws requiring
assignment to Novartis of all inventions made during the course of and as the result of the Program and obligating the individual to
maintain as confidential Novartis’s Confidential Information as well as confidential information of other parties (including SomaLogic’s)
that such individual may receive in the conduct of the Program;

 

7.3.3.
it has not granted and will not grant to any Third Party rights that would otherwise interfere with or be inconsistent with SomaLogic’s
rights hereunder, and there are no agreements or arrangements to which Novartis or any of its Affiliates is a party relating to any Intellectual
Property Controlled by Novartis that would limit the rights granted to SomaLogic under this Agreement;

 

7.3.4.
to Novartis’ knowledge, the conduct of the Program as contemplated by this Agreement will not infringe or misappropriate any
Third Party’s Intellectual Property rights; and

 

7.3.5.
Novartis has the authority to grant licenses to the Novartis Background Technology as contemplated by this Agreement.

 

7.4
DISCLAIMER. Except as set forth in Sections 7.1, 7.4. 7.2,7.3, and other terms of this Agreement, all Confidential Information,
data, results, Intellectual Property, and other information provided under this Agreement are provided “as is,” and each
Party’s use of the other Party’s Confidential Information, data, results or any other information provided under this Agreement
is at its own risk. Neither Party makes any representations nor extends any warranties, express or implied, with respect to any Confidential
Information, results, Intellectual Property or other information provided under this Agreement or any uses thereof. Each Party expressly
excludes any implied warranties of merchantability, fitness for a particular purpose or use, or non-infringement with respect to
any Confidential Information, results, Intellectual Property, or other information provided under this Agreement.

 

7.5.
LIMITATION OF LIABILITY. Neither Party nor any of its Affiliates shall be liable in contract, tort, negligence, breach of statutory
duty or otherwise for any special, indirect, incidental, punitive or consequential damages or for any economic loss or loss of profits
suffered by the other Party, except to the extent such damages (i) are required to be paid to a Third Party as a part of a Loss
for which that Party provided indemnification under this Section 7, (ii) arise from a breach of the confidentiality obligations
under Section 4, or (iii) arise from a breach of the license grants and restrictions in Section 6.

 

7.5.1.
Nothing in this Agreement limits or excludes a Party’s liability for (a) death or personal injury caused by such Party’s
negligence; (b) fraud or any liability that, by law, cannot be limited or excluded; or (c) any loss or damage caused by
its intentional breach of this Agreement.

 

7.6.
Indemnities

 

7.6.1.
Each Party will indemnify, defend, and hold harmless the other Party, its Affiliates, and its and its Affiliates’ Personnel
(“lndemnitees”) from and against any and all liabilities, losses, damages, costs and other expenses (including reasonable
attorneys’ and expert witnesses’ costs and fees) incurred in connection with a claim, demand, suit, action or other legal
proceeding brought by a Third Party (each a “Claim”) and arising from: (a) the gross negligence or willful
misconduct of the indemnifying Party or its Personnel; (b) the failure of the indemnifying Party or its Personnel to comply with
applicable law; (c) any breach by the indemnifying Party or its Personnel of its representations and warranties under Sections
7.1 and 7.2 and Appendix 2; or (d) the exercise by the indemnifying Party of its rights to and interest in Joint Technology
and Joint Patents (if applicable); except that the indemnifying Party will not be required to defend, indemnify or hold harmless the
lndemnitees to the extent that any Claim results from a breach of this Agreement by any lndemnitee or the negligence or intentional acts
or omissions of any lndemnitee.

 

    	Rev. FINAL	Page 21 of 41	CONFIDENTIAL

     

    

 

7.6.2.
Procedure

 

a.
To receive indemnification under this Section 7.6.2, the indemnified Party will: (i) promptly notify the indemnifying Party
in writing when it becomes aware of a Claim for which indemnification may be sought pursuant hereto; (ii) cooperate with the indemnifying
Party (at the indemnifying Party’s expense} in the defense, settlement or compromise of such Claim, including that each indemnified
Party shall furnish such information or reasonable assistance regarding itself or the claim in question as an indemnifying Party may
reasonably request in writing and shall be reasonably required in connection with the defense of such claim and litigation resulting
therefrom; and (iii) permit the indemnifying Party to control the defense, settlement or compromise of such claim or suit, including
the right to select defense counsel.

 

b.
The indemnifying Party will not compromise or settle any claim or suit in a manner that requires the indemnified Party to admit fault
or negligence or to take or not take any action, without the indemnified Party’s prior written consent. No indemnifying Party,
in the defense of any such claim or litigation, shall consent to entry of any judgment or enter into any settlement, except with the
approval of each indemnified Party (which approval shall not be unreasonably withheld}, except for a settlement which imposes only a
monetary obligation on the indemnifying Party and which includes as an unconditional term thereof the giving of a release from all liability
in respect to such claim or litigation by the claimant or plaintiff to the indemnified Party.

 

c.
The failure of any indemnified Party to give written notice as provided herein shall not relieve the indemnifying Party of its obligations
under this Agreement to the extent that the failure to give notice did not result in harm to the indemnifying Party or materially compromise
the defense of such claim.

 

7.6.3.
Mitigation of Claims. Each indemnified Party will take and arrange for its Affiliates to take all such reasonable steps and action
as are necessary or as the indemnifying Party may reasonably require in order to mitigate any Claim under this Section 7.6. Nothing
in this Agreement shall or shall be deemed to relieve any Party of any common law or other duty to mitigate any losses incurred by it.

 

7.7.
Covenants

 

7.7.1.
Compliance with Policies, Law and this Agreement. Novartis gives preference to those who share Novartis’s societal and environmental
values. As such, SomaLogic agrees to comply with all reasonable Novartis policies and guidelines provided to it by Novartis. Upon provision
of such policies and guidelines to Somalogic, the same are incorporated herein by reference. Each of the Parties will, and will ensure
that each of their respective Affiliates will, conduct the Program in compliance with the terms of this Agreement and all applicable
laws and regulations, including, without limitation, laws and regulations relating to health, safety and the environment, fair labor
practices and unlawful discrimination.

 

7.7.2.
Debarment. If at any time either Party becomes aware that it or any of its Affiliates or their respective employees or agents involved
in the Program have been or are in the process of being debarred under Section 306(a} or (b} of the U.S. Federal Food, Drug and Cosmetic
Act, such Party shall notify the other Party without delay.

 

7.7.3.
Animal Welfare. Each Party undertakes that any animals used in experiments as part of the Program will be used and disposed of in
strict accordance with the applicable laws and regulations, but at least by US standards (see the U.S. Animal Welfare Act and its Regulations},
and will under no circumstances be used as food for humans or animals.

 

    	Rev. FINAL	Page 22 of 41	CONFIDENTIAL

     

    

 

7.7.4.
Government Approvals. Each Party will use commercially reasonable efforts to obtain any government approval required in its country
of domicile to enable this Agreement to become effective, or to enable any payment hereunder to be made, or any other obligation hereunder
to be observed or performed . Each Party will keep the other informed of progress in obtaining any such government approval, and will
cooperate with the other Party in any such efforts.

 

7.7.5.
No Conflicting Agreements. Each of the Parties covenants that it shall not enter into any agreement, arrangement, or undertaking
after the Effective Date that would prohibit or restrict its ability to perform its obligations as set forth in this Agreement or materially
alter the other Party’s rights under this Agreement.

 

		8.	MISCELLANEOUS

 

8.1.
Language. Except as otherwise expressly provided or unless the context otherwise requires, the use herein of: (a) the plural
includes the singular and vice versa; (b) “including” means “including but not limited to” and derivative
forms will be construed accordingly; (c) “herein,” “hereof,” “hereunder,” and other words
of similar import refer to this Agreement as a whole and not to any particular provision; and (d) “or” will notbe
construed as exclusive.

 

8.2.
Assignment. A Party may not assign or transfer this Agreement or any of its rights or duties under this Agreement without the prior
written consent of the other Party, which consent will not be unreasonably withheld; except that (a) [****]; and (b) [****].
Subject to the foregoing, the provisions hereof will inure to the benefit of, and be binding upon, the successors and permitted assigns
of each Party. Any purported assignment that does not comply with this Section 8.2, at the option of the non-assigning Party,
is null and void. No assignment shall release either Party from responsibility for the performance of any accrued obligation of such
Party hereunder. The assigning Party will continue to be responsible for all its obligations under this Agreement prior to the effective
date of any permitted assignment.

 

8.3.
Independence of Parties; Similar Research. No agency or partnership relationship is created by this Agreement. The Parties expressly
agree that the relationship created by this Agreement is one of independent contractors, and neither Party has the power or authority
to bind or obligate the other Party except as expressly set forth in this Agreement. Except as otherwise expressly set forth in this
Agreement, either Party may participate in other research similar to that described in any Project Plan without violating the terms of
this Agreement.

 

8.4.
  Notices. All notices, requests and consents hereunder will be in writing and deemed given on the date received as evidenced
by proof of receipt, if delivered to the Parties’ addresses set forth below by: (a) hand; (b) certified mail, return
receipt requested; or (c) overnight courier of national reputation.

 

	 	If
    to Novartis:	If to Somalogic:
	 	Novartis Pharma	AG Somalogic, Inc.
	 	Basel 4056	Boulder, CO 80301
    USA
	 	Switzerland	
	 	Attn: Novartis General
    Counsel	Attn: Legal Department

 

With
a required copy to:

Novartis
Pharma AG

Lichtstrasse
35

Basel
4056

Switzerland

Attn:
Head, NIBR Legal Europe

 

    	Rev. FINAL	Page 23 of 41	CONFIDENTIAL

     

    

 

and

Novartis
Institutes for BioMedical Research, Inc.

250
Massachusetts Avenue

Cambridge,
MA 02139 USA

Attn:
General Counsel

 

8.5.
Publicity. SomaLogic shall be entitled to issue a press release announcing the execution of this Agreement and provide other communications
(for example, the content of SomaLogic’s web sites and marketing materials) containing not more than the content set forth in the
press release; provided that the content of such press releases and other communications shall be subject to Novartis’ prior review
and approval. Novartis will be entitled to issue a press release announcing execution of this Agreement if it elects to do so in its
discretion.

 

8.6.
Integration. This Agreement (including the Program Plan) and the Project Plans constitute the entire agreement between the Parties
concerning the subject matter thereof and supersedes all prioror contemporaneous oral or written understandings with respect thereto,
including, for the avoidance of doubt, the Original Agreement; provided, however, that except as expressly indicated otherwise
in this Agreement, the Original Agreement shall remain in full force and effect (and shall govern the Parties’ relationship) with
respect to any Samples submitted to SomaLogic prior to the Effective Date, and provided further that any agreements among Novartis
or its Affiliates, SomaLogic, and any Third Parties (e.g., multi-party agreements) shall not be superseded by this Agreement,
and any references to the Original Agreement in such ongoing multi-party agreements shall continue in effect as references to the
Original Agreement. Any Appendices and Exhibits to this Agreement form part of this Agreement and will have effect as if set out in full
in the body of this Agreement. In the event of any conflict or inconsistency between any provisions in the body of this Agreement and
the terms of any Appendix or Exhibit, the body of this Agreement will govern and control, except as otherwise expressly stated in an
Appendix or in the Program Plan or other Exhibit with reference to this Section 8.6.

 

8.7.
Modifications; Waiver. No amendment or modification of this Agreement , including of the Program Plan or any Project Plan, will be
valid or binding upon the Parties unless made in writing and signed by an authorized representative of each Party. Failure of a Party
to enforce any rights under this Agreement will not be construed as a waiver of such rights nor will a waiver by a Party in one or more
instances constitute a continuing waiver or a waiver in other instances.

 

8.8.
Severability. If any provision of this Agreement is found to be invalid or unenforceable, all other provisions of this Agreement
will remain valid and enforceable. In lieu of the invalid or unenforceable provision, the Parties will substitute or add as part of this
Agreement a provision that most closely approximates the business and economic objectives intended by the invalid or unenforceable provision.
If the Parties are unable to agree on such valid provisions, the invalidity of such one or more provisions of this Agreement shall not
affect the validity of the Agreement as a whole, unless the invalid provisions are of such essential importance for this Agreement that
it may be reasonably presumed that the Parties would not have entered into this Agreement without the invalid provisions.

 

8.9.
Government Acts. In the event that any act, regulation, directive, or law of a country or its government, including its departments,
agencies or courts, should make impossible or prohibit, restrain, modify or limit any material act or obligation of the Parties under
this Agreement, the Party, if any, not so affected, shall have the right, at its option, to suspend or terminate this Agreement as to
such country, if good faith negotiat ion s between the Parties to make such modifications therein as may be necessary to fairly address
the impact thereof, are not successful after a reasonable period of time in producing mutually acceptable modifications to this Agreement.

 

8.10.
Export Controls. This Agreement is made subject to any restrictions concerning the export of materials and technology from the United
States that may be imposed upon or related to either Party to this Agreement from time to time by the government of the United States.
Furthermore, each of the Parties agrees that it will not export, directly or indirectly, any technical information acquired from the
other Party under this Agreement or any products using such technical information to any countries for which the United States government
or any agency thereof at the time of export requires an export license or other governmental approval, without first obtaining the written
consent to do so from the Department of Commerce or other agency of the United States government when required by applicable statute
or regulation.

 

    	Rev. FINAL	Page 24 of 41	CONFIDENTIAL

     

    

 

8.11.
Affiliates. Each Party may perform its obligations hereunder personally or through one or more of its Affiliates. Each Party shall
be solely responsible for the acts and omissions of its Affiliates. Neither Party shall permit any of its Affiliates to commit any act
(including any omission) that such Party is prohibited hereunder from committing directly. Any material breach of the terms and conditions
of this Agreement by a Party’s Affiliate shall be construed as a material breach by such Party under this Agreement.

 

8.12.
Survival. The terms of Sections 1.4, 1.5.5, 1.7, 2.1, 2.3, 3.3, 4, 5, 6 (except for Sections 6.4.3.c, 6.4.4, and 6.6
and except to the extent this Agreement is terminated pursuant to Section 2.3.4), 7.l(d), 7.2.3, 7.3.3, 7.4, 7.5, 7.6, 7.7.5,
8.1, 8.2, 8.3, 8.4, 8.6, 8.7, 8.8, 8.11, 8.12, 8.13, and 8.14, as well as any provisions which, by their nature, are intended
to survive, will survive any expiration or termination of this Agreement.

 

8.13.
Headings. The section headings in this Agreement are intended for convenience only and are not intended to be part of or affect the
meaning or interpretation of any term or provision of this Agreement.

 

8.14.
Governing Law and Jurisdiction. This Agreement and all claims between the Parties arising out of or relating to this Agreement or
to its interpretat ion, validity and enforcement shall be governed by the laws of the State of New York regardless of the effect of the
choice of law principles under such laws. This original English language version of this Agreement is controlling in all respects.

 

8.15.
Dispute Resolution.

 

8.15.1.
Referral to Executives. Either Party may refer any question, difference or dispute that may arise concerning the construction, meaning,
or effect of this Agreement or concerning the rights and liabilities of the Parties hereunder, to senior officers ofSomalogic and Novartis
(or their designees), who shall attempt ingood faith to resolve such question, difference or dispute. If the question, difference or
dispute cannot be resolved within 30 days of such referral, either Party shall be free to initiate the arbitration proceedings outlined
in Section 8.15.2, below.

 

8.15.2.
Arbitration. Any question, difference or dispute that cannot be resolved through informal means as set forth in Section 8.15.1
shall be either (i) litigated in a court of competent jurisdiction or (ii) resolved by arbitration administered by
the American Arbitration Association (“AAA”) in accordance with its Commercial Arbitration Rules including the Optional
Rules for Emergency Measures of Protection. Any arbitration proceedings shall be conducted in New York City, before one mutually acceptable
arbitrator selected jointly by the Parties from a panel of persons experienced in the pharmaceutical and life sciences industries (or
by the AAA In accordance with its rules in the event the Parties are unable to reach agreement). Each Party shall have all rights of
discovery as provided by the Federal Rules of Civil Procedure for any arbitral proceeding pursuant to this Section 8.15.2. Each
Party shall submit to the arbitrator and exchange with each other at least 30 days in advance of the arbitration hearing their respective
last, best offer with respect to settlement of the relevant dispute. Taking into account the respective interests of the Parties, the
arbitrator shall select between the two complete sets of settlement terms (i.e., the arbitrator will select the more suitable settlement
offer submitted by the Parties based on his or her findings, and will not combine the terms or reach an independent judgment as to an
appropriate settlement). The arbitrator shall render his or her opinion within 30 days after the final arbitration hearing. The decision
of the arbitrator shall be final and binding on the Parties. The arbiter’s fees and expenses shall be borne by the Parties evenly.
Judgment to enforce the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The existence, content,
and results of any arbitration will be deemed to be the Confidential Information of both Parties. The provisions of this Section 8.15.2
shall survive any expiration or termination of this Agreement, and shall be severable and binding on the Parties hereto, notwithstanding
that any other provision of this Agreement may be held or declared to be invalid, illegal, or unenforceable.

 

    	Rev. FINAL	Page 25 of 41	CONFIDENTIAL

     

    

 

8.15.3.
Stay of Termination. Any purported termination of this Agreement under Section 2.2.2 will be automatically stayed during the
pendency of any arbitration proceeding commenced under Section 8.15.2.

 

8.16.
Force Majeure. Neither Party shall be responsible to the other for any failure or delay in performing any of its obligations under
this Agreement or for other nonperformance hereunder if such delay or nonperformance is caused by an act of God or of the government
..of any country or of any local government, or is unavoidable or beyond the control of any Party hereto. In such event, the Party affected
will use commercially reasonable efforts to resume performance of its obligations.

 

8.17.
Execution; Counterparts. The execution and delivery of this Agreement by facsimile transmission or email delivery of a portable document
format (“pdf”) or other common format electronic file will be valid. This Agreement may be executed in counterparts, each
of which constitutes an original and all of which together constitute one and the same legal instrument.

 

Executed
by a duly authorized representative of each Party as of the Effective Date.

 

	NOVARTIS
    PHARMA AG	 	SOMALOGIC,
    INC.
	 	 	 
	BY:	 	 	BY:	 
	PRINTED
    NAME:		 	PRINTED
    NAME:	  
	TITLE:	 	 	TITLE:	 
	DATE:		 	DATE:	 

 

    	Rev. FINAL	Page 26 of 41	CONFIDENTIAL

     

    

 

APPENDIX
1: DEFINITIONS

 

“Accounting
Standards” means, in the case of Novartis and its Affiliates, International Financial Reporting Standards (IFRS), consistently
applied, and in the case of Somalogic, US Generally Accepted Accounting Principles (US GAAP), consistently applied. Each Party will promptly
notify the other in the event that it changes the Accounting Standards pursuant to which its records are maintained, it being understood
that each Party may only use internationally recognized accountingprinciples.

 

“Affiliate”
means, with respect to any Party, any Person that, directly or indirectly, by itself or through one or more intermediaries, controls,
is controlled by, or is under common control with, such Part y. For the purpose of this definition, the term “control” means
the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether
through the ownership of voting securities, by contract or otherwise. For this purpose, control will bepresumed if one Person owns, either
of record or beneficially, at least 50% of the voting securities of the other Person. The Parties acknowledge that in the case of certain
entities organized under the laws of certain countries, the maximum percentage ownership permitted by law for a foreign investor may
be less than 50%, and that in such case such lower maximum percentage shall be substituted in the preceding sentence; provided that such
foreign investor has the power to direct the management and policies of such entity. In the case of Novartis, “Affiliates”
shall also be deemed to include the Novartis Institute for Functional Genomics, Inc. (also known as the Genomics Institute of the Novartis
Research Foundation), the Friedrich Miescher Institute for BioMedical Research and their respective Affiliates.

 

“Approved
Service Provider” means, as of the date of any determination, any Service Provider that has been audited by Novartis and has
met Novartis quality assurance compliance standards for clinical sample and data handling then in effect and requires no further auditing
or qualification by Novartis at such time to act as a Service Provider under such standar ds.

 

“Assay
Patent” means any Patent Controlled by Somalogic that contains one or more claims Covering Assay Technology.

 

“Assay
Technology” means (a) anyTechnologyrelatingto the SOMAscan Assay, Pathway Panel Assays, or SOMAmer Panels, including
any analytic processes related to any of the foregoing, which is Controlled by SomaLogic as of the Effective Date or on or after the
Effective Date other than in connection with the performance of the Program; and

 

(b)
any Program Technology that is an Improvement of the Technology in part (a) of this definition.

 

“Baseline
and Control Sample Data” means Clinical Data associated with a Sample contributed to the Program by or on behalf of Novartis
or its Affiliate that was obtained from a patient/subject (a) at baseline (i.e., at t=O) in any clinical study; and 

 

(b)
any additional time point from the control arm of such clinical study.

 

“Biomarker”
means a distinctive protein indicator first discovered by a Party from SOMAscan Data generated under the Program, which is used to
(a) indicate or predict the presence or absence of a disease, health condition, or state of health or wellness; (b) permit
a disease prognosis; (c) indicate or predict a response to a particularTherapeutic; or

 

(d)
indicate the presence or absence of certain anthropometric or behavioral attributes.

 

“Calendar
Quarter” means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and
December 31, except that the first Calendar Quarter of the Royalty Term shall commence on the First Commercial Sale and the last Calendar
Quarter shall end on the last day of the Royalty Term.

 

“Change
of Control of Somalogic” means anyof the following events: (a) any company becomes the beneficial owner, directly or
indirectly, of more than 50% of SomaLogic’s outstanding voting stock; {b) Somalogic consolidates with or merges into another
corporation or entity, and as a result of such merger or consolidation, the holders of all of the outstanding voting stock of Somalogic
prior to the merger or consolidation hold less than 50% of the voting stock of Somalogic after the merger or consolidation; or (c)
SomaLogic conveys, transfers or leases all or substantially all of itsassetsto acompany.

 

“Clinical
Data” means demographic and medical information relating to a patient/subject from whom a Sample was collected and for which
a SOMAscan Assay was or will be conducted, to the extent relevant and when reasonably available.

 

    	Rev. FINAL	Page 27 of 41	CONFIDENTIAL

     

    

 

“Collaboration
Partner” means any Third Party (including commercial, academic, and not for profit entities) with which a Party or its Affiliates
is engaged, from time to time, in a collaborative effort to research, develop or Commercialize Diagnostics or Therapeutics or to conduct
early-stage biological research by or for the benefit of such Party or its Affiliates pursuant to a written agreement, including collaborative
research, co-development, co- commercialization and co-marketing agreements. For the purpose of this definition, a “collaborative
effort” includes, without limitation, out- licensing of Diagnostics or Therapeutics researched, developed or Commercialized by
such Party or its Affiliates and in- licensing of Diagnostics or Therapeutics researched, developed or Commercialized by such Collaboration
Partner.

 

“Combination
Product” means any product or kit that consists of (a) a Novartis Diagnostic or a Medical Diagnostic, together with (b)
a Novartis Therapeutic, other Therapeutic, or other Diagnostic.

 

“Commercialize”
or “Commercialization” means to manufacture for commercial sale, market, co-market, promote, co-promote, distribute,
import, export, offer for sale or sell, or conduct post-marketing clinical studies.

 

“Confidential
Information” means anydata orinformation, other than Trade Secret Information, made available by or on behalf of a Party or
any of its Affiliates (the “Discloser”) to the other Party (the “Recipient”) in connection with
this Agreement or pursuant to the Original Agreement, including all confidential know-how and other proprietary information (including,
without limitation, chemical, physical and analytical, safety, manufacturing and quality control data and information) and data of a
financial, commercial or technical nature, that is either marked or otherwise identified as “Confidential” at the time of
disclosure or would be reasonably understood to be confidential due to legends or other markings, the circumstances of disclosure, or
the nature of the information itself, whether tangible or intangible and made available orally, in writing or in electronic form. Confidential
Information that is jointly owned by the Parties will be deemed to be the Confidential Information of both Parties, with each Party deemed
to be a Recipient. Notwithstanding the foregoing, where a Party is designated as the owner of Confidential Information as set forth in
this Agreement, such Party will be deemed to be the Discloser of such Confidential Information, notwithstanding if the information is
otherwise made available by or on behalf of the other Party.

 

“Control”
or “Controlled” means (a) as to any Confidential Information, Technology, or Patents owned by a Party or its Affiliates,
co-owned by a Party or its Affiliates, in-licensed by a Party from an Affiliate or Third Party, or obtained by assignment from an Affiliate
or Third Party, in each instance, possessing the right to disclose or grant the licenses or sublicenses as provided for herein without
violating the terms of any agreement or other arrangement with any such Affiliate or Third Party; and (b) as to any proprietary
materials, possessing the right to supply such proprietary materials to the other Party as provided herein without violating the terms
of any agreement or other arrangement with any Affiliate or Third Party.

 

“Cost”
means the monetary expenditures incurred by SomaLogic in connection with performing the SOMAscan Assay or generating Insight Results,
as applicable, and providing related information and services, which includes the cost of raw materials (e.g., purchase cost,
freight, and associated taxes), standard batch size assumptions, estimated production yield based on historical data, and an allocation
of direct and indirect labor and overhead.

 

“Covering,”
“Cover” or “Covered” means a use, manufacture, sale, import or export of a product, good or service that,
absent a license, infringes a Valid Claim.

 

“Data
Protection Laws” mean all applicable privacy, data protection or similar laws and regulations, which may be amended from time
to time.

 

“Diagnostic”
means any test, instrument, apparatus, software (including clinical decision support software and patient decision support software,
if and as applicable), machine, assay, implant, in vitro or in vivo reagent, or other similar or related article, reagent,
system or device used to (a) diagnose a disease or other medical condition using Biomarker or Biomarker signature information
or data, or (b) determine, analyze, or display Biomarker or Biomarker signature information or data; in both cases, includingtechnologies
used to diagnose or detect, confirm the presence or absence of, or determine the current state or predict thefuture state or progression
of a medical condition, disease, toxin, or infectious agent in humans or animals, whether or not a specific intervention is available;
provided that, in anycase, suchtechnologies incorporate thedetection of or otherwise interrogate a Biomarker.

 

    	Rev. FINAL	Page 28 of 41	CONFIDENTIAL

     

    

 

“Digital
Therapeutic” means asoftware product that (a) delivers medical interventions to patients to prevent, treat, or relieve symptoms
of a disease or abnormal medical condition, (b) has been cleared for sale through a regulatory pathway, and (c) is available
solelythrough a prescription provided by amedical doctor.

 

“Divestiture”
means anydispositionorsale bya Partyof asubsidiary, business unit, product, diseaseorproduct group or other asset to which a license
granted to such Party under this Agreement relates.

 

“Drug
Class” means a grouping or classification of Therapeutics onthe basis of oneor more of: (a) a similar chemical structure
not covered by a Valid Claim of relevant Novartis Patents, (b) the same mechanism of action, and (c) a related mode ofaction.

 

“GDPR”
means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons
regarding the processing of personal data and onthe free movement of such data, and repealing Directive 95/46/EC.

 

“Improvement”
means, with respect to a Party, anyinvention, whether patentable or not, discovery or development that (a) requires a license
to such Party’s Intellectual Property to practice the invention, discovery or development; or (b) is a modification of any
Technology Controlled by such Party. Notwithstanding the foregoing, the term “Improvement” expresslyexcludes Technology derivedfromanybioinformaticsanalysis
of SOMAscan Data.

 

“Informed
Consent” means anyinformed consent form(s) (includingwithout limitation consent form(s) regardingany applicable privacy laws
or regulations) approved by an independent ethics committee or institutional review board and signed by a study participant from whom
a Sample or Clinical Data was or will be obtained that authorizes use of their Sample and Clinical Data consistent withthe objective(s)
of aProject Plan.

 

“Insolvency
Event” means (a) a Party ceases to function as a going concern by suspending or discontinuing its business; (b) a
Party becomes insolvent (i.e., is unable to pay debts as they become due); (c) a Party is the subject of voluntary or involuntary
bankruptcy proceedings instituted on behalf of or against such Party (except for involuntary bankruptcy proceedings that are dismissed
within 90 days); (d) an administrative receiver, receiver and manager, interim receiver, custodian, sequestrator or similar officer
is appointed for a Party; (e) a notice to convene a meeting for the purpose of passing a resolution to wind up a Party is issued
or such a resolution is passed; (f) a resolution shall have been passed by a Party or the Party’s directors to make an application
for an administration order or to appoint an administrator; (g) a Party proposes or makes any general assignment, composition
or arrangement with or for the benefit of all or some of its creditors; or (h) a Party makes or suspends or threatens to suspend
making payments to all or some of its creditors or submits to any type of a similar voluntary arrangement.

 

“Intervention
Sample Data” means Clinical Data associated with a patient/subject enrolled in an interventional clinical program in which
the subjects use Novartis Therapeutic(s) and from whom one or more Samples has been obtained subsequent to the administration of the
Novartis Therapeutic(s), but in any event will not include outcomes data.

 

“Intellectual
Property” means any and all rights, title, and interest in, arising from, or relating to any inventions, discoveries, ideas,
Know-How, and works of authorship, including copyrights, Patents, trade secrets, trademarks, service marks, any registrations orapplications
relatingto any of the foregoing, andany other rights of asimilar nature or character whether now existing or hereafter created, developed,
arising or otherwise coming into being, as recognizedbyapplicablelaw.

 

“Joint
Patent” means any Patent that contains one or more claims Covering Joint Technology.

 

“Joint
Technology” means any Program Technology that is jointly conceived or reduced to practice by employees, Affiliates or agents
of Novartis and employees, Affiliates or agents of Somalogic.

 

“Medical
Diagnostic” means any Diagnostic other than a Novartis Diagnostic, including, without limitation, for research use; exploratory
use; use as a clinical diagnostic in the diagnosis or ongoing evaluation of a disease or medical condition in humans or animals, including
the prediction or monitoring of a response to a Therapeutic that is not a Novartis Therapeutic; and use as an in vitro diagno
stic product (as defined at 21 C.F.R. § 809.3(a) or under a comparable regulation in jurisdictions outside the United States) that
is intended for use in disease prognosis or treatment selection / prediction, including a determination of the state of health, in order
to cure, mitigate, treat, or prevent disease or its sequelae in human beings or animals.

 

    	Rev. FINAL	Page 29 of 41	CONFIDENTIAL

     

    

 

“Net
Sales” means [****].

 

“Novartis
Background Patent” means any Patent Controlled by Novartis or its Affiliate that contains one or more claims Covering Novartis
Background Technology.

 

“Novartis
Background Technology” means any Technology that is used by Novartis or its Affiliates, or provided by Novartis or its Affiliates
for use, in the Program that either (a) is Controlled by Novartis or any of its Affiliates as of the Effective Date; or (b) is independently
developed or acquired on or after the Effective Date by Novartis or any of its Affiliates other than in connection with the Program.

 

“Novartis
Diagnostic” means a Diagnostic discovered in the Program that (a) provides information about how a specific Novartis Therapeutic
should be administered or whether someone should receive a specific Novartis Therapeutic; or (b) is intended for use and is used in conjunction
with the use or administration (including any use or administration in any clinical study) of a specific Novartis Therapeutic, it being
acknowledged that the Diagnostic may not be required by applicable law to be included in the governmentally-approved label for such Novartis
Therapeutic. The term Novartis Diagnostic expressly excludes Diagnostics intended for commercialization or medical use in conjunction
with the use or administration, or the potential use or administration (including any use or administration in any clinical study) of
a Therapeutic in the same Drug Class as a Novartis Therapeutic but is not a Novartis Therapeutic (i.e., Therapeutics that are
Commercialized by Third Parties other than licensees or sublicensees ofNovartis).

 

“Novartis
Patents” means Novartis Background Patents and Novartis Program Patents.

 

“Novartis
Program Patent” means any Patent Controlled by Novartis or its Affiliate that contains one or more claims Covering Novartis
Program Technology.

 

“Novartis
Program Technology” means any Program Technology that is discovered, created, conceived, or first actually reduced to practice
solely by employees or agents of Novartis or its Affiliates.

 

“Novartis
Protein” means a protein provided by Novartis to SomaLogic under the research plan conducted under the Original Agreement and
used to select a SOMAmer.

 

“Novartis
Results” means any analysis performed by or on behalf of Novartis or its Affiliates of any SOMAscan Data generated by SomaLogic
and provided to Novartis under a Project Plan for Novartis SOMAscan Services, but excluding Patent Rights.

 

“Novartis
SOMAmer” means any SOMAmer or SOMAmer sequence transferred by SomaLogic to Novartis under either the Original Agreement or
this Agreement.

 

“Novartis
SOMAmer Sequence Information” means the nucleotide sequence of a SOMAmer selected by SomaLogic for a specific protein target
using SELEX Technology along with a collection of nucleotide sequences imported by SomaLogic from the SELEX pool into its sequence analysis
system. [****].

 

“Novartis
SOMAscan V3.0” means the SOMAscan Assay as defined in the validation report entitled Novartis_SOMAscan_V3_Reproducibility_Report_Revision_1
dated 7 May 2015.

 

“Novartis
SOMAscan Services” means an assay service performed by SomaLogic for Novartis using Novartis SOMAscan V3.0, SOMAscan V4.1 or
any later version that is the most recent version of the SOMAscan Assay as agreed by the Parties pursuant to this Agreement.

 

“Novartis
Technology” means Novartis Background Technology and Novartis Program Technology.

 

    	Rev. FINAL	Page 30 of 41	CONFIDENTIAL

     

    

 

“Novartis
Therapeutic” means any Therapeutic that is researched, developed or Commercialized by or for the benefit or account of Novartis
or any of its Affiliates. The term “Novartis Therapeutic” expressly excludes any Therapeutic that includes a SOMAmer.

 

“Patents”
means the rights and interests in and to patents and patent applications, in any country or region, including any continuation, continuation-in-part,
division, provisional or any substitute applications, any patent issued with respect to any such patent applications, any reissue, reexamination,
renewal or extension (including any supplementary protection certificate) of any such patent, any confirmation patent or registration
patent or patent of addition based on any such patent, and all foreign counterparts of any of theforegoing.

 

“Pathway
Panel Assay” means a multiplexed assay intended for research use only and not for human or animal Therapeutic or Diagnostic
applications that uses at least one and not more than 300 SOMAmers.

 

“Personal
Data” means any information relating to an identified or identifiable natural person, where an identifiable natural person
is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number,
location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural
or social identity of that natural person.

 

“Person”
means any individual, corporation, partnership, association, joint-stock company, trust, unincorporated organization or government or
political subdivision thereof.

 

“Personnel”
means one or more officers, directors, employees, contractors, consultants, agents or other representatives of a Party when acting
on that Party’s behalf.

 

“Pharmaceutical
Company” means a company that had (together with its Affiliates) sales in such year of human prescription pharmaceutical products
(including therapeutic biologics) exceeding USD$[****], measured for the fiscal year that ended in the calendar year prior to the effective
date of the relevant agreement.

 

“Program”
means the use of SOMAscan Data generated through Novartis SOMAscan Services performed by Somalogic pursuant to the Program Plan and
the Project Plans.

 

“Program
Plan” means the plan for the Parties’ activities in the Program as set forth in Exhibit A.

 

“Program
Technology” means any Technology that is discovered, created, conceived, or first actually reduced to practice by either Party
or any of its Affiliates in connection with and as part of the Program.

 

“Project
Plan” means a SOMAscan Study Submission Form for a particular set of activities, together with any information associated with
the SOMAscan services to be completed with respect to such Samples.

 

“Regulatory
Authority” means any national or state or local agency, authority, department, inspectorate, minister, ministry official, parliament
or public or statutory person of any government of any country having jurisdiction over any of the activities undertaken by the Parties
under this Agreement or over either Party itself .

 

“Regulatory
Requirements” means all laws, statutes, acts, rules, regulations, guidelines, codes, orders, directives or other legally binding
requirements of any Regulatory Authority and industry standards or codes of conduct applicable to a Project Plan.

 

“Sample”
means human-derived biological material contributed by or on behalf of a Party for use in the Program.

 

“SELEX
Patent” means any Patent Controlled by Somalogic or its Affiliate that contains one or more claims Covering SELEX Technology.

 

    	Rev. FINAL	Page 31 of 41	CONFIDENTIAL

     

    

 

“SELEX
Technology” means any Technology Controlled by Somalogic relating to the proprietary combinatorial chemistry ligand discovery
process(es) (Systematic Evolution of Ligands by EXponential enrichment) for the generation and identification of SOMAmers, including
without limitation the process as described in United States Patent No. 7,947,447 and all Improvements and modifications thereof.

 

“Service
Provider” means a Third Party that provides services for the benefit of a Party for the performance of research or other activities
pursuant to a written agreement that defines the scope of the services and includes terms that are not less restrictive than the obligations
undertaken by the Parties hereunder regarding the use or disclosure of any Confidential Information, Samples, SOMAscan Data or Novartis
Results.

 

“Somalogic
Biomarker Patent” means any Patent Controlled by Somalogic or its Affiliate that contains one or more claims Covering SomaLogic
Biomarker Technology.

 

“Somalogic
Biomarker Technology’’ means any Technology that either (a) exists as of the Effective Date and is Controlled
by Somalogic; or (b) is independently developed or acquired by Somalogic on or after the Effective Date other than in connection
with the Program; and, in either case, relates to specific Biomarkers, specific Biomarker signatures, or uses of specific Biomarkers
or Biomarker signatures to diagnose or detect, confirm the presence or absence of, or determine the current state or predict the future
state or progression of, a specific state of health or wellness, medical condition, disease, toxin, or infectious agent.

 

“Somalogic
Patents” means SOMAmer Patents, Assay Patents and Somalogic Program Patents.

 

“Somalogic
Program Patent” means any Patent Controlled by Somalogic or its Affiliate that contains one or more claims Covering Somalogic
Program Technology.

 

“Somalogic
Program Technology” means any Program Technology consisting of Biomarkers or Biomarker signatures discovered, created, conceived,
or first actually reduced to practice solely by employees or agents of Somalogic.

 

“SOMAmer”
or “SOMAmer® Reagent” means Somalogic’s proprietary slow off-rate modified aptamer.

 

“SOMAmer
Panel” means a multiplexed assay that uses at least one and not more than fifty (SO) SOMAmers to detect and measure the relative
abundance of a corresponding number of Biomarkers that may be present in a biological sample.

 

“SOMAmer
Patent” means any Patent Controlled by Somalogic or its Affiliate that contain one or more claims Covering SOMAmer Technology.

 

“SOMAmer
Technology” means (a) any Technology relating to SOMAmers that is Controlled by SomaLogic either as of the Effective
Date or on or after the Effective Date other than in connection with the performance of the Program; and (b) any Program Technology
that is an Improvement of the Technology in part (a) of thisdefinition.

 

“SOMAscan®
Assay” means the then-current version of a multiplexed assay, other than a Pathway Panel Assay or a SOMAmer Panel, intended
for research use only and not for human or animal Therapeutic or Diagnostic applications, that uses multiple SOMAmers to detect or measure
the presence, absence, or concentration of multiple target proteins that may be present in a Sample. The term “SOMAscan Assay”
expressly excludes any Medical Diagnostic Commercialized by or on behalf or for the account of Somalogic and any Novartis Diagnostic
incorporating a SOMAmer Panel Commercialized by or on behalf or for the account of Novartis or any of its Affiliates.

 

“SOMAscan
Assay Validation Report” means a report detailing the experiments, data, results and analyses of all activities undertaken
to validate a version of the SOMAscan Assay.

 

“SOMAscan
Data” means the raw data generated by or on behalf of Somalogic in the performance of Novartis SOMAscan Services.

 

    	Rev. FINAL	Page 32 of 41	CONFIDENTIAL

     

    

 

“SOMAscan
Study Submission Form” (abbreviated SSSF) means an Excel format form that details information about the Samples provided by
Novartis under a Project Plan for Novartis SOMAscan Services.

 

“Technology’’
means, with respect to a Party, any proprietary: know-how, inventions, discoveries, ideas, techniques, methods, processes, specifications,
instructions, techniques, formulae, articles of manufacture, compositions of matter, algorithms, software, or trade secrets, whether
or not patentable, including without limitation: data or other technical information (including, without limitation, chemical, physical
and analytical, safety, manufacturing, and quality control data and information), methods of use, methods of manufacture, formulations,
proprietary materials and expertise relating specifically to any of theforegoing.

 

“Term”
means the term of this Agreement as set forth in Section 2.1.

 

“Therapeutic”
means any therapeutic drug, biologic, or Digital Therapeutic for use in humans or animals and includes all treatments with any substance
that is used to prevent, treat, or relieve symptoms of a disease or abnormal condition following a regulatory pathway for approval, including
small molecules, large molecules, peptides, RNAi, siRNA, mRNAs, etc.

 

“Therapeutic
Target” means a distinctive biological or biologically derived target (i.e., a protein or a gene) that is used only
as either a candidate target or a validated target for a pharmaceutically active Therapeutic.

 

“Third
Party’’ means a Person other than Novartis, Somalogic, or their respective Affiliates.

 

“Trade
Secret” means “trade secret” as set forth in 18 U.S.C. § 1839.

 

“Valid
Claim” means a claim of an issued Patent that has not expired or been revoked, held invalid or unenforceable by a patent office,
court or other governmental agency of competent jurisdiction in a final and non-appealable judgment (or judgment from which no appeal
was taken within the allowable time period).

 

    	Rev. FINAL	Page 33 of 41	CONFIDENTIAL

     

    

 

APPENDIX
2: [****]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	Rev. FINAL	Page 34 of 41	CONFIDENTIAL

     

    

 

EXHIBIT
A: PROGRAM PLAN

 

PROGRAM
PLAN FOR NOVARTIS SOMASCAN SERVICES

 

This
Program Plan describes the Program to be completed pursuant to the terms and conditions of the Master Research Collaboration Agreement
between SomaLogic, Inc. (“SomaLogic”) and Novartis Pharma AG and all Novartis Affiliates (“Novartis”)
with an Effective Date of June , 2019 (the “Agreement”), which is incorporated herein by reference. Terms in this
Program Plan with initial letters capitalized have the respective meanings set forth in the Agreement.

 

PART
I — ALLIANCE MANAGERS

 

	A.	SomaLogic	 	 	B.	Novartis
	 	 	 	 	 	 
	 	Name	[****]	 	 	Name
	 	Address	2945 Wilderness Place 

    Boulder, CO 80301	 	 	Address
	 	Phone	[****]	 	 	Phone
	 	Email	[****]	 	 	Email

 

PART
II — NOVARTIS SOMASCAN STUDY SUBMISSIONS

 

	A.	For
                                            submission of a study by Novartis to SomaLogic, Novartis may initiate requests for a Novartis
                                            SOMAscan study substantially in a form as illustrated below, the SOMAscan Study Submission
                                            Form (SSSF):

 

[****]

 

Each
Novartis SOMAscan Study Submission Form will include the following information:

 

		1)	Study
                                            champion (a primary contact person for each Project Plan), a study identifier (a unique identifier
                                            for the Project Plan) and the Novartis division/unit sponsoring the study. Columns A through
                                            C.

 

		2)	A
                                            Box/plate identifier, box/plate map, and with unique identifiers the tube/container for the
                                            Samples. Columns D through J.

 

		3)	Sample
                                            type: Novartis may provide standard matrices such as serum or plasma as well as non- standard
                                            matrices such [****] or other matrix types as agreed to by the Parties. Matrices will be
                                            collected and prepared by Novartis standard protocols. Column K.

 

		4)	Volume:
                                            the minimum volume to be provided by Novartis to SomaLogic for standard matrices such as
                                            serum, plasma and CSF is [****]. The minimum volume for Samples can be delivered in
                                            a single tube/container or as a primary [****] aliquot and a secondary [****] aliquot.
                                            The secondary aliquot is to be available in the case of technical failures in SOMAscan Assay
                                            execution. For Samples prepared as primary and secondary aliquots, the Samples may be shipped
                                            to SomaLogic together or the secondary aliquot may be held by Novartis and shipped immediately
                                            at the request of SomaLogic. The minimum volume for others matrices will be determined as
                                            agreed by the Parties. Column L.

 

		5)	Columns
                                            M through P are optional and will be populated with information relevant for Samples with
                                            non-standard matrices.

 

    	Rev. FINAL	Page 35 of 41	CONFIDENTIAL

     

    

 

		6)	Columns
                                            Q and R are optional and will be populated at the discretion of the study champion.

 

		B.	A
                                            Project Plan is a valid request for assay execution upon delivery of the SSSF from the Alliance
                                            Manager of Novartis to the Alliance Manager of SomaLogic (or delegates appointed by Novartis
                                            or SomaLogic, respectively). SSSF will be delivered to SomaLogic by electronic sharing via
                                            an established secure collaboration space (for e.g., OneDrive) prior to shipment of
                                            Samples by Novartis. Novartis will notify SomaLogic of SSSF delivery by a method agreed upon
                                            by the Parties (e.g., automated email from OneDrive).

 

	C.	Novartis
                                            or a Service Provider on behalf of Novartis will notify SomaLogic in advance of all sample
                                            shipments and provide SomaLogic with shipment tracking information with reference made to
                                            the appropriate SSSF. Samples will be shipped to SomaLogic on dry ice at Novartis’s
                                            expense and arrangement.

 

PART
III — RESPONSIBILITIES OF SOMALOGIC FOR STUDY EXECUTION

 

	A.	Sample
                                            Receipt: SomaLogic will promptly (within five (5) business days or, for large studies,
                                            within a time using commercially reasonable efforts) on receipt of Samples from Novartis,
                                            inspect Samples, notify Novartis of approval of the SSSF study request or note discrepancies
                                            or required modifications to the study request. SomaLogic will ensure that all Samples received
                                            from Novartis are entered into the appropriate SomaLogic databases for inventory and tracking.

 

	B.	SomaLogic
                                            will perform the SOMAscan Assay on the Samples in its laboratories.

 

Deliverable:
SomaLogic will deliver a “SOMAscan Report” to Novartis or its relevant Affiliate, and the study identifier, as
referenced in the SSSF, will be included in all data files associated with the Project Plan. Each SOMAscan Report will contain the
following information: [****].

 

    	Rev. FINAL	Page 36 of 41	CONFIDENTIAL

     

    

  

	C.	Prior
                                            to delivery of the SOMAscan Report, Soma Logic will perform analyses for quality assurance
                                            to ensure the data in the SOMAscan Report adhere to the defined metrics as established in
                                            the SomaLogic SOP defining standardization procedures and acceptance criteria for the current
                                            version of the SOMAscan Assay. If a plate fails to meet the defined metrics, SomaLogic will
                                            promptly notify Novartis, request shipment of the secondary sample aliquot if not provided
                                            in the original shipment, and repeat the SOMAscan Assay. SomaLogic will provide Novartis
                                            with information on the execution measures that will be taken to ensure performance of the
                                            repeat SOMAscan Assay. For clarity, SomaLogic will ensure any new lots or batches of SOMAscan
                                            Assay reagents or calibration or quality control samples are adequately bridged to previous
                                            batches and lots to assess technical performance and batch effects that will enable inter-assay
                                            data quality and sustained comparability of SOMAscan Reports within assay version throughout
                                            the Program.

 

	D.	The
                                            SOMAscan Report will be delivered to Novartis within sixty [****] after acceptance by SomaLogic
                                            of the SOMAscan study as detailed in Part Ill (A) of this Program Plan. For large studies,
                                            the delivery time may vary and will be discussed by the JSC. SomaLogic will transfer the
                                            SOMAscan Report per secure file transfer protocols as established by theParties.

 

	E.	The
                                            Clinical Data will be delivered to SomaLogic within [****] days after (as applicable) either
                                            (i) acceptance by SomaLogic of the SOMAscan study as detailed in Part Ill (A) of this Program
                                            Plan or (ii) the Clinical Data becomes available to Novartis (i.e., a database lock
                                            that triggers the unblinding of a Novartis clinical study). Novartis or its Affiliate or
                                            Collaboration Partner will transfer the Clinical Data per secure file transfer protocols
                                            as established by the Parties.

 

PART
IV — RESPONSIBILITIES OF NOVARTIS FOR SHARING CLINICAL DATA

 

	A.	On
                                            a study by study basis, Novartis will share Clinical Data with SomaLogic. SomaLogic may,
                                            at its discretion, perform its own bioinformatics analyses of the SOMAscan Reports from the
                                            baseline and control arm Samples in conjunction with the Clinical Data provided by Novartis
                                            and the interventional arm Samples only when the Clinical Data for the interventional arm
                                            is provided by Novartis at the discretion of Novartis in accordance with the Agreement.

 

		1)	Baseline
                                            and Control Sample Data that Novartis has a right to share will be provided at a time when
                                            the clinical program is no longer blinded under standard randomization protocols. This Clinical
                                            Data will include, as available, medical, demographic, physical, physiological, family history,
                                            and other clinical information collected on the subjects associated with the Samples in the
                                            clinical program, at time points and during study follow-up. The details of Clinical Data
                                            described below are intended as examples and it is acknowledged by the Parties that the Clinical
                                            Data will vary on a study by study basis and that Novartis will provide the Clinical Data
                                            that can be shared using commercially reasonable efforts. The Parties further acknowledged
                                            that Novartis is actively engaged in an initiative to operationalize the integration of Clinical
                                            Data from its clinical programs into Novartis infrastructure and databases to reduce the
                                            burden of collation and data sharing.

 

		i.	Demographics
                                            and health history, such as [****].

 

		ii.	Comorbidities
                                            and prior events, such as [****].

 

		iii.	Family
                                            history (first degree relative) [****].

 

		iv.	Clinical
                                            laboratory values, as determined on a study by study basis, with date, value and unit of
                                            measure, such as: [****].
	 	 	 

    	Rev. FINAL	Page 37 of 41	CONFIDENTIAL

     

    

	 	 	 
		v.	Concurrent
                                            relevant medications, as a yes/no, such as: [****].

 

		vi.	Additional
                                            variables as relevant to the specific study design.

 

		vii.	On
                                            a study by study basis, Baselines and Control Sample Data may include other significant conditions
                                            and clinical outcome data relevant for specific disease(s), such as histology measures, acute
                                            events, pathological diagnosis, histological type and staging and imaging results. Examples
                                            include: [****].

 

		2)	Intervention
                                            Sample Data will be shared on a study by study basis, at the discretion of Novartis. For
                                            clarity, Intervention Sample Data will not be shared with SomaLogic at any time during the
                                            active development of the Novartis Therapeutic(s).

 

		i.	Clinical
                                            outcome, as related to study aims, include [****].

 

		ii.	SomaLogic
                                            may perform bioinformatics analyses of the SOMAscan Data derived from Samples obtained from
                                            subjects during the Novartis Therapeutic(s) intervention, only when Novartis has provided
                                            the associated Clinical Data, either alone or with the Clinical Data associated with such
                                            subjects, both before and during the Therapeutic(s) intervention

 

PART
V — JOINT RESPONSIBILITIES OF SOMALOGIC AND NOVARTIS FOR SOMASCAN SERVICES

 

	A.	The
                                            Parties will appoint key personnel to coordinate the workflow and manage the queue for Novartis
                                            SOMAscan Services, using a secure electronic collaboration interface (e.g., OneDrive)
                                            to track activities and update the status of Project Plans. The electronic collaboration
                                            interface will have restricted access to the Novartis and SomaLogic Alliance Managers or
                                            delegated key personnel by each of the Parties.

 

	B.	On
                                            a yearly basis, the Joint Steering Committee will review the operational aspects pertainingto
                                            management of the workflow and may recommend processes and procedures to improve theworkflow.
                                            Amendments to the Program Plan will be mutually beneficial.
	 	 

    	Rev. FINAL	Page 38 of 41	CONFIDENTIAL

     

    

 

EXHIBIT
B:

 

[****]

 

 

 

 

 

 

 

 

 

 

 

 

    	Rev. FINAL	Page 39 of 41	CONFIDENTIAL

     

    

  

EXHIBIT
C: [****]

 

 

 

 

 

 

 

 

 

 

 

 

 

	Rev.
                         FINAL

	 	Page
                         40 of 41

	 	CONFIDENTIALExhibit 10.34

 

Amgen Proprietary - Confidential

 

CERTAIN
IDENTIFIED INFORMATION, MARKED WITH “[****]”, HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND
(II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

 

AMENDED
AND RESTATED MASTER SOMASCAN® DISCOVERY SERVICES AGREEMENT

TERMS
AND CONDITIONS

The
following terms and conditions of this Amended and Restated Master SomaScan Discovery Services Agreement (“Agreement”),
effective as of October 13, 2020 (the “Amendment Effective Date”), govern the services to be performed for AMGEN INC.,
a Delaware corporation with a business address at One Amgen Center Drive, Thousand Oaks, California 91320 (“Client”
or “Amgen”), by SomaLogic, Inc., a Delaware corporation having its principal office at 2945 Wilderness Place, Boulder,
CO 80301 (“SomaLogic”). SomaLogic and Client may be referred to herein individually as a “Party”
and collectively as the “Parties.”

 

WHEREAS,
Client and SomaLogic entered into that certain SomaScan® Master Discovery Services Agreement, effective July 23, 2020 (such date,
the “Effective Date,” and such agreement, the “Original Agreement”); and

 

WHEREAS,
the Parties now wish to amend and restate the terms of the Original Agreement to undertake such activities in accordance with the terms
and conditions of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual promises, conditions and undertakings hereinafter set forth, the receipt and sufficiency of
which are hereby acknowledged, SomaLogic and Client agree as follows:

 

1. Performance
of Research Services. SomaLogic shall use its
proprietary SomaScan® Assay and proprietary SOMAmer® reagents and bioinformatic tools and methodologies (“SomaScan Technology”)
to detect and measure the presence, absence, or relative abundance of a corresponding number of protein analytes in a number of biological
samples (“Services”) for Client during the Term (defined in Section 6). The Services and certain terms pertaining
to the Services will be described in one or more statements of work (“SOW”), in a form substantially similar to the
form attached hereto as Exhibit A, each of which, upon execution by an authorized representative of each Party, will be incorporated
herein by reference. Upon completion of the Services and payment of Fees as set forth in Section 3, SomaLogic shall deliver
both raw and normalized assay data generated under each SOW (“Assay Data”), as described in that SOW. Client shall
provide the Samples and other information required for SomaLogic to provide the Services, as described in each SOW, in a timely manner.

 

2. Provision
and Use of Samples. Client
or its designee shall provide SomaLogic with biological samples (“Samples”) that are to be used in the performance
of the Services, as described in each SOW. As between the parties, Client holds all right, title and interest to the Samples. SomaLogic
shall use the Samples solely to perform the Services and shall not provide Samples or Assay Data, or any subset thereof, to any third
party, or make any other use of Samples or Assay Data or subset thereof not expressly provided for in this Agreement, without Client’s
prior written approval. Upon completion of the Services, or any earlier termination or expiration of this Agreement under Section
6, SomaLogic shall, at Client’s election to either return any remaining quantities of the Samples at Client’s sole expense
or destroy them in accordance with Applicable Law, as set forth in each SOW. As used in this Agreement, “Applicable Law”
means all statutes, laws, governmental orders, common laws, rules and regulations, including Data Protection Laws (defined in Appendix
2), of any governmental authority applicable to the performance of a Party’s obligations under this Agreement, including the Services
as describe in each SOW. Client shall ensure that all Samples and any other information associated with the Samples provided to SomaLogic
hereunder are appropriately de-identified or pseudonymized, as the case may be, in accordance with Data Protection Laws. Appendix 2 (Data
Protection) attached hereto shall apply to the processing of any Personal Data provided in connection with SomaLogic’s performance
of Services hereunder. Client represents and covenants that Client has complied with Applicable Law relating to the protection of human
subjects and the collection, handling, packaging, shipment and use for the purposes of this Agreement of all Samples. Client shall provide
SomaLogic with all information (including, if applicable, material safety data sheets) concerning the potentially hazardous or infectious
properties of the Samples as well as any applicable safe handling instructions. SomaLogic acknowledges that the Samples are provided
on an “as is” basis and may contain viruses, latent viral genomes or other infectious agents. Notwithstanding the preceding
sentence, Amgen shall inform SomaLogic of any known or suspected viruses, latent viral genomes or other infectious agents in the Samples
no later than the time of delivery of the Samples to SomaLogic. SomaLogic acknowledges and agrees that from the time of receipt of the
Samples until such Samples are returned or destroyed, SomaLogic is responsible for the safe and appropriate handling of the Samples.
SomaLogic shall ensure the Services are undertaken in accordance with appropriate health and safety policies and good health and safety
at work practices, in each case, in accordance with Applicable Law and relevant codes of practice consistent with generally accepted
industry standards, and shall notify Client promptly, and in writing as soon as practicable, of any health and safety incident arising
out of the Services.

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 1 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

3. Fees;
Payment; Taxes. Client shall pay SomaLogic the
fees set forth in each SOW (the “Fees”) for the Services and the Deliverables (as defined in the applicable SOW).
SomaLogic shall invoice Client as provided in the applicable SOW and Client shall pay the invoiced Fees within [****] days after receipt
of the invoice. SomaLogic has a right to charge interest for all past-due Fees at a rate that is [****] from the due date until paid.
Any interest charges due are payable upon demand by SomaLogic. All amounts due will be paid in United States Dollars. The Fees are exclusive
of, and Client is responsible for, any taxes (other than taxes based solely on SomaLogic’s income) imposed by any governmental
authority in connection with this Agreement or its performance, including but not limited to VAT, sales or use taxes. In the event that
any Applicable Law requires Client to withhold taxes with respect to any payment to be made by Client pursuant to this Agreement, Client
will notify SomaLogic of such withholding requirement prior to making the payment to SomaLogic and provide such assistance to SomaLogic,
including the provision of such documentation as may be required by a tax authority, as may be reasonably necessary in SomaLogic’s efforts
to claim an exemption from or reduction of such taxes. Client will, in accordance with such Applicable Law, withhold taxes from the amount
due, remit such taxes to the appropriate tax authority, and furnish SomaLogic with proof of payment of such taxes within [****] days
following the payment. If taxes are paid to a tax authority, Client shall provide reasonable assistance to SomaLogic to obtain a refund
of taxes withheld, or obtain a credit with respect to taxes paid.

 

4. Intellectual
Property and Confidential Information.

 

4.1 Ownership
of Deliverables; Use of Assay Data. As between the Parties, Client shall and hereby does solely own all right, title, and interest
in and to (1) the Assay Data and Deliverables and (2), except as contemplated below with respect to SomaScan Technology Improvements,
all results or other information or intellectual property created or generated using the Assay Data, whether or not it is patentable
or subject to other forms of intellectual property protection (collectively (1) and (2), the “Assay Data IP”). SomaLogic
shall, and hereby does, assign, transfer and convey (and shall cause to be assigned, transferred and conveyed) to Client SomaLogic’s
right, title, and interest in and to all such Assay Data IP. SomaLogic shall provide, at Client’s expense, all assistance reasonably
required by Client to consummate, record, and perfect the foregoing assignment, including without limitation signing all papers and documents
necessary to register and/or record such assignment with the United States Patent & Trademark Office, other state and federal agencies,
and all corresponding government agencies and departments in all other countries. SomaLogic shall also provide, at Client’s expense,
all assistance reasonably required by Client to defend, assert or otherwise enforce any patent rights claiming or disclosing Assay Data
IP, including without limitation by executing documents, providing documents, affidavits or witness testimony. Client will have the sole
right to prepare, file, defend and enforce patent rights claiming or otherwise disclosing any Assay Data IP.

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 2 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

4.2 Confidential
Information. SomaLogic shall hold in confidence, and use only for the performance of the Services, the Assay Data and any non-public
information provided by Client in connection with the Services (“Confidential Information”). The terms and conditions
of this Agreement shall be Confidential Information. Notwithstanding the foregoing sentence, Confidential Information does not include
information that: (a) is disclosed to SomaLogic by a third party who had a bona fide right to make such disclosure without
breaching any confidentiality obligations , as evidenced by its written records kept in the ordinary course of business; (b) is
or becomes publicly available other than through SomaLogic’s breach of this Agreement; or (c) is already known to SomaLogic
at the time of disclosure by Client, as evidenced by written records kept in the ordinary course of business or by proof of actual use
thereof; or (d) is subsequently independently developed by SomaLogic without use of or reference to Confidential Information,
as evidenced by written records kept in the ordinary course of business. SomaLogic has a right to disclose Confidential Information solely
to the extent necessary to enforce its rights under this Agreement or to the extent required by Applicable Law or a judicial order, if
and to the extent permitted by Applicable Law, SomaLogic first promptly notifies Client of the required disclosure in writing and reasonably
cooperates with Client, at Client’s written request and expense, to avoid or limit the disclosure, including by seeking a protective
order. Upon Client’s written request, SomaLogic will return or destroy or render otherwise unrecoverable Confidential Information
and, in the case of destruction or rendering unrecoverable, will certify that it has destroyed or rendered unrecoverable the same. Notwithstanding
the foregoing sentence, the obligation to return or destroy or render unrecoverable Confidential Information does not include Confidential
Information that is maintained on routine computer system backup tapes, disks, or other backup storage devices so long as the backup
Confidential Information is not accessed, used, disclosed, copied, or recovered from the backup devices without the written consent of
Client. The maintenance of Confidential Information on computer systems, servers, backup tapes, disks, or other storage devices will
not otherwise alter or affect the confidential nature of the Confidential Information. SomaLogic may disclose Confidential Information
only to its personnel, Affiliates and service providers who have a need to know such Confidential Information for the purposes of this
Agreement and who are under a duty of confidentiality to SomaLogic that is not less restrictive than its duty of confidentiality under
this Section 4.2. SomaLogic shall enlist or use the services only of personnel who have affirmative, present, and continuing obligations,
consistent with SomaLogic’s obligations under this Agreement, to maintain the confidentiality of Confidential Information made
available to such personnel. SomaLogic shall protect Confidential Information from unauthorized use, access, or disclosure in the same
manner that it protects its own confidential and proprietary information of a similar nature or importance but in no event with less
than reasonable care. SomaLogic shall be responsible for any breach of the terms or conditions of this Section 4.2 by any of its
personnel, Affiliates and service Providers.

 

4.3 SomaLogic
Limited Rights. Notwithstanding the preceding provisions of this Section 4 to the contrary, but subject to any express limitations
on SomaLogic’s use of Assay Data in an applicable Statement of Work, SomaLogic has a right to store, retain, maintain, access and
use Assay Data during the Term solely for SomaLogic’s internal calibration and other quality control purposes and for the development
of improvements to its SomaScan Technology (“SomaScan Technology Improvements”), but only if these uses do not [****].
SomaLogic expressly agrees not to analyze the Assay Data: (i) [****], (ii) [****], (iii) [****], or (iv)
[****] (collectively, (i) to (iv) are referred to herein as “Excluded Activities”). SomaLogic will solely own all
SomaScan Technology Improvements.

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 3 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

4.4 Ownership
of SomaLogic Technology. Client acknowledges and agrees that (a) SomaLogic possesses, and in the course of providing Services
might discover, improve, make, or develop, and acquire rights in, inventions, trade secrets, know-how, copyrights, trademarks or other
intellectual property related to its SomaScan Technology or its independent research and development activities; and (b) SomaLogic
engages in biomarker discovery in the ordinary course of its diagnostics business and maintains active and ongoing programs in various
areas, [****], and, therefore, owns or controls as of the Effective Date (as defined in Section 6), or might come to own or control
independent of the this Agreement, biomarkers, biomarker signatures, algorithms, methods, and processes; which, other than the SomaScan
Technology Improvements, do not rely on, use, or incorporate any Confidential Information or the Assay Data (collectively, “SomaLogic
Background Technology”). SomaLogic retains sole ownership of all SomaLogic Background Technology. Client shall not intentionally
use any Assay Data to reverse engineer, or attempt to reverse engineer, any SomaScan Technology or algorithm used by SomaLogic to deliver
algorithm-based proteomic test results to Client at any time during or after the Term in connection with Samples used to generate that
Assay Data.

 

4.5 [****].

 

4.6 [****].

 

5. Representations;
Disclaimer.

 

5.1 SomaLogic
represents and covenants to Client that the Services will be performed in accordance with: (a) the applicable SOW in all
material respects; (b) all applicable requirements of any governmental authority having jurisdiction over SomaLogic, its
facility or its storage or handling of Samples in connection with the Services; and (c) established occupational health and
safety practices and procedures set forth in applicable material safety data sheets available to SomaLogic. SomaLogic warrants that it
has not and shall not employ, contract with, or retain any person, directly or indirectly, to perform the Services if such a person is
debarred by the FDA under 21 U.S.C. § 335(a) or disqualified as described in 21 C.F.R. §812.119. If SomaLogic becomes aware
of, or receives notice of, the debarment or disqualification of any person providing the Services, then SomaLogic will promptly notify
Client and address the issue as mutually agreed by the Parties. Except as expressly provided in
this Section 5, the Services, Assay Data, and Deliverables are provided “as is,” and SomaLogic expressly disclaims
all warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, title,
non-infringement, or warranties arising from a course of performance, dealing or usage of trade. Delivery dates specified in any SOW
are estimates only and SomaLogic will not be liable (in contract, tort, or otherwise) for any losses, expenses, claims, or damages caused
by a late delivery. Client acknowledges that the Services provided under this Agreement are experimental in nature, not all sample
matrices have been tested or fully characterized by SomaLogic, and, therefore, SomaLogic does not guarantee the Services will produce
any particular outcome or result.

 

5.2 Each
Party represents and certifies that: (a) it is an entity duly organized and validly existing under the laws of the state or other
jurisdiction of its incorporation or formation; (b) the execution, delivery and performance of this Agreement by such Party has
been duly authorized by all requisite action; (c) this Agreement is a legal and valid obligation binding upon it and enforceable
according to its terms; and (d) the terms and conditions of this Agreement do not conflict with other contractual obligations
(express or implied) that it has or may have.

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 4 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

6. Term;
Termination. The
term of this Agreement will commence on the date of the last signature below (“Effective Date”) and will continue
for [****] thereafter if no SOW is then in effect unless earlier terminated as set forth herein (“Term”), except that
if any Services are in progress upon the expiration of this Agreement, the terms and conditions of this Agreement will continue to apply
until all such Services have been completed under the Agreement. Either Party has a right to terminate (a) this Agreement and
all then outstanding SOWs for a material breach by the other Party of this Agreement or (b) any SOW for a material breach of that
SOW; in either (a) or (b), if the material breach is curable and remains uncured for [****] after receipt of written notice of the alleged
breach. On or before the effective date of termination, SomaLogic will cease all work not required for the orderly wind-down of the applicable
Services. Upon the expiration of this Agreement or the early termination of this Agreement or any SOW, Client will pay SomaLogic any
unpaid Fees and interest charges due under this Agreement or the applicable SOW(s), and, if Client terminates this Agreement or any SOW,
any reasonable, non-cancelable expenses incurred by SomaLogic before receipt of the notice of termination. The Parties’ obligations
under Sections 3, 4, 6, 7, 8, 9, 10, 11 and 12 and Appendices 2 and 3 will survive the expiration or early
termination of this Agreement.

 

7. Limitation
of Liability. Except for a Party’s liability for
breach of its confidentiality obligations under this Agreement, infringement or misappropriation of the other Party’s intellectual
property rights or trade secrets, gross negligence, intentional misconduct, fraud, or willful and knowing breach, (a) Neither
Party will be liable to the other Party for any loss of use, interruption of business, cost of procurement of substitute technology or
services, or any consequential, incidental, special, indirect or exemplary damages of any kind (including lost profits) arising out of
or related to this Agreement, regardless of the form of action, whether in contract, tort, strict liability or any other legal or equitable
theory, even if that Party has been advised of the possibility of the damages, and (b) Each Party’s total aggregate liability
to the other Party for any claim or cause of action relating to this Agreement or the Services will not exceed [****]under
this Agreement.

 

8. Use
of Name; Trademarks. Except as may be required
by law, neither Party shall use the name, trademarks, or logo of the other Party, or any Affiliate of the other Party, in any promotion,
publication or advertisement without the prior written consent of the other Party, except that SomaLogic may identify Client solely by
name (as set forth above) as a customer on SomaLogic’s website or any collateral materials used to promote SomaLogic’s SomaScan
discovery services. Any SomaLogic use of a Client quote or other statement regarding SomaLogic Services or SomaScan Technology in any
press release, materials or website requires approval and written consent from Client, except that SomaLogic has a right to use and republish
in whole or without modification, without the need for further approval or written consent by Client, any such Client quote or other
statement. Amgen may use the SOMAmer®, SOMAscan®, and SomaLogic® trademarks only to describe the origin of the Assay Data
provided by SomaLogic under this Agreement and, where possible, must include attribution of the trademarks as those of SomaLogic.

 

9. Interpretation.
Except where the context expressly requires otherwise, (a) the use of the singular includes the plural (and vice versa); (b)
the words “hereof,” “herein,” “hereby,” “hereunder” and derivative or similar terms
refer to this Agreement in its entirety and not to any particular provision of this Agreement; (c) the term “or” will
be interpreted in the inclusive sense to mean that any one or more items in a list connected by the term may occur and is not intended
to mean that any items in the list are mutually exclusive; and (d) the terms “include,” “includes” and
“including” means “including, without limitation” or “includes, without limitation,” respectively.

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 5 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

10. Force
Majeure. Neither
Party shall be responsible for any default under this Agreement, except for any default relating solely to the payment of Fees and confidentiality
obligations, due to any strikes, riots, wars, acts of terrorism, pandemic, fire, acts of God, acts in compliance with any Applicable
Law or governmental order or other action if the affected Party promptly gives notice thereof to the other Party and takes commercially
reasonable steps to overcome the effects of the event.

 

11. Notice.
All notices, consents, and approvals under this Agreement must be delivered to the other Party in writing by an internationally recognized
overnight courier service or by certified or registered mail (postage prepaid and return receipt requested), if delivered to the applicable
address below, and will be effective upon receipt or when delivery is refused. Either Party is entitled to change the address provided
by giving written notice to the other Party.

 

	 

    If
    to Client:

    Amgen
    Inc.

    One
    Amgen Center Drive

    Thousand
    Oaks, CA 91320

    Attn:
    Corporate Secretary

    Facsimile
    No.: (805) 499-4531
	If
    to SomaLogic:

    SomaLogic,
    Inc.

    Attn:
    Legal Department

    2945
    Wilderness Place

    Boulder,
    CO 80301

    LegalDept@somalogic.com

 

12. Miscellaneous
Provisions.

 

12.1 General.
This Agreement is governed by and will be interpreted and construed in accordance with United States federal law and the laws of the
State of New York without reference to its conflicts or choice of laws rules. This original English version of this Agreement is controlling
in all respects. All waivers must be in writing and any waiver or failure to enforce any provision of this Agreement will not be deemed
a waiver of any other provision. If any provision of this Agreement is held to be unenforceable, the provision will be severed, changed,
or interpreted to accomplish the objectives of the provision to the greatest extent possible under Applicable Law, and the remaining
provisions will continue in full force and effect. No person or entity other than Client or SomaLogic will have any rights under this
Agreement. This Agreement (including Exhibit A, all SOWs executed by an authorized representative of each Party, and all appendices)
constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes all prior or contemporaneous
agreements or understandings, whether written or oral, including the Original Agreement. This Agreement may be amended only by a written
document signed by an authorized representative of each Party. Any terms and conditions included in a purchase order or similar document
submitted by Client in connection with this Agreement or any SOW are not accepted by SomaLogic and will be null and void. In the event
of a conflict or any inconsistency between the terms and conditions provided in this Agreement and the Services described in any SOW,
the terms and conditions of this Agreement will govern and control. Headers are for convenience only and will not guide the interpretation
of this Agreement. This Agreement may be executed in multiple counterparts, each of which is deemed an original and all of which together
constitutes one instrument.

 

12.2 Press
Release. The Parties will cooperate to produce a SomaLogic press release to announce the execution of this Agreement in a form and
with content mutually agreed to by the Parties.

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 6 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

12.3 
Appendices. [****]. 

 

12.4 Assignment.
A Party may not assign or transfer this Agreement or any of its rights or duties under this Agreement without the prior written consent
of the other Party, which consent will not be unreasonably withheld; except that no such consent will be required to assign this Agreement
to an Affiliate or a successor in connection with a merger, acquisition or sale of all or substantially all of the capital stock of a
Party, or all or substantially all of the assets of the business to which this Agreement. Subject to the foregoing, the provisions hereof
will inure to the benefit of, and be binding upon, the successors and permitted assigns of each Party. Any purported assignment that
does not comply with this Section 12.4 is void. Any permitted assignment will not relieve the assigning Party of any of its obligations
that have accrued prior to the assignment.

 

12.5 Affiliates.
Each Party has the right to exercise its rights and perform its obligations hereunder through its Affiliates (including by licensing
rights hereunder where such rights are held in the name of any such Affiliate), [****]. Amgen may engage its Affiliates, including deCODE
genetics ehf., to effect any SOW. However, SomaLogic shall not use any third-party subcontractor or contract service provider other than
its contract employees to perform any portions of the Services hereunder. “Affiliate” means, in relation to a Party,
any entity that directly or indirectly Controls, is Controlled by, or is under common Control with that Party, for so long as such Control
exists. “Control” or “Controlled” means as to any company or other legal entity, the actual power,
either directly or indirectly through one or more intermediaries, to direct or cause the direction of the management and policies of
such company or other legal entity, whether by the ownership of 50% or more (or if less than 50%, the maximum ownership interest permitted
by Applicable Law) of the securities entitled to be voted generally or in the election of directors of such company or other legal entity,
or by contract or otherwise.

 

\\

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 7 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

In
Witness Whereof, the Parties have caused this Agreement
to be executed by their respective duly authorized representatives as of the date of last signature below.

 

	Amgen Inc.	 	SomaLogic, Inc.
	 	 	 
	Signature:  	                                                                  	 	Signature:  	                                                                                      
	Printed: 	 David M. Reese	 	Printed:  	Amy Graves
	Title:  	EVP, Research & Development	 	Title:  	Sr. Corporate Controller
	Date:  	 	Date:  

 

Signature Page to AMENDED AND RESTATED

MASTER SOMASCAN® DISCOVERY SERVICES AGREEMENT

 

    
	MSDS (Amgen ref. no. 2020075257-002)
		CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

Master SomaScan Discovery
Services Agreement

 

Exhibit
A

 

[****]

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 9 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

Master SomaScan Discovery Services Agreement

 

STATEMENT
OF WORK NO. 1 FOR SOMASCAN DISCOVERY SERVICES

 

This
Statement of Work (“SOW”) is incorporated into the Master SomaScan® Discovery Services Agreement dated July
23, 2020, amended and restated into the Amended and Restated Master SomaScan Discovery Services Agreement dated October 13, 2020, by
and between Amgen Inc. and SomaLogic, Inc. (for the purposes of this SOW, the “MSDS”). All capitalized
terms used and not expressly defined in this SOW will have the meanings given to them in the MSDS.

 

Please
note: SomaLogic cannot accept Samples without the following:

 

		●	Receipt
                                            by SomaLogic of a Purchase Order 

		●	Receipt
                                            by SomaLogic of a completed Sample Submission Form (to be provided by SomaLogic) 

 

1. Study
Information:

 

	 	Study
    Identifier	[****]
	 	Client
    Contact Name	[****]
	 	Address	[****]
	 	Phone	[****]
	 	Email	[****]

 

2. Description
of Services.

 

a. Purpose.
Analysis of Client’s Samples using the SomaScan Technology, including SomaLogic’s proprietary SomaScan® Assay and reagents.

 

b. Samples.
Client shall ship all Samples to SomaLogic at Client’s expense and arrangement in accordance with instructions provided by SomaLogic.

 

	 	Number
    of Samples	[****]
	 	Species	[****]
	 	Sample
    Type (e.g., serum or EDTA plasma)	[****]
	 	Sample
    matrix concentration (e.g., 100% serum or 200 μg/mL in PBS)	[****]
	 	Sample
    Volume	[****]
	 	Expected
    Sample Ship Date	[****]

 

SomaLogic
only accepts, and Client shall send, Samples with a designation of Biosafety Level 1 (BSL- 1) or Biosafety Level 2 (BSL- 2),
as defined by the U.S. Centers for Disease Control and Prevention.

 

c. Sample
Submission. Client shall ship Samples to SomaLogic on dry ice after submitting a completed electronic Sample Submission Form.

 

d. Deliverables.
SomaLogic shall deliver, on an ongoing basis for each batch, a report in an Excel-compatible file format that contains the Assay Data
for all 5,000 protein analytes, measured in Relative Fluorescence Units (RFU) and organized on a per-Sample basis (the “Deliverables”).

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 10 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

Master SomaScan Discovery
Services Agreement

 

e. Protection
of Assay Data. Assay Data stored and processed by SomaLogic at all times will be protected, as further described in Appendix 2
(Data Protection) and Appendix 3 (Information Security Requirements Schedule), by administrative and technical controls under
SomaLogic’s NIST Cybersecurity Framework (CSF) compliance program. Collectively, these controls prevent unauthorized access to
data and provide identification, detection, protection, and response mechanisms for data stored, processed, and transmitted within the
SomaLogic environment. During the Term, while Assay Data is being processed or stored under the MSDS, SomaLogic will restrict access
to the Assay Data only to those of its employees who have roles directly related to: (i) the performance of this SOW or the limited
use rights in Section 4.3 of the MSDS; or (ii) the protection of data and, therefore, require access to the Assay
Data to comply with this Section 2(e) and Appendices 2 and 3 to the MSDS (collectively “Protection of Data”).
In the event of any data breach in which Assay Data becomes available to or has been provided to anyone other than those SomaLogic employees
identified in Section 4.3 of the MSDS or this Section 2(e), SomaLogic will immediately notify Client in writing, as described
in paragraph 4 of Appendix 3. After delivering the Assay Data to Amgen as described in Section 2(d) of this SOW and receipt
of Amgen’s written verification that the Assay Data is complete, within [****] after receipt of a written request from Amgen to
delete identified Assay Data, SomaLogic shall delete the identified Assay from its active data systems and remove any remaining access
rights to the Assay Data. If SomaLogic recovers any Assay Data from its Storage Devices (as defined below in Section 2(f)) following
the deletion of such Assay Data from its active data systems, then it shall immediately delete the recovered Assay Data.

f. Storage
Devices; Use of Assay Data; Deletion. Notwithstanding the obligation to destroy Confidential Information at Client’s request
as set forth in Section 4.2 of the MSDS, the obligation to return or destroy or render unrecoverable Assay Data does not include
Assay Data that is maintained on routine computer system backup tapes, disks, or other backup storage devices so long as the backup Assay
Data is not accessed, used, disclosed, or recovered from the backup devices without the written consent of Client. The maintenance of
Assay Data on computer systems, servers, backup tapes, disks, or other storage devices (collectively, “Storage Devices”)
will not otherwise alter or affect the confidential nature of the Assay Data. At all times while in possession of the Assay Data, SomaLogic
shall take all reasonably necessary and appropriate actions to protect against any disclosure or unauthorized access to or use of the
Assay Data and shall ensure (i) the Assay Data is incorporated only into databases necessary for SomaLogic to exercise its rights
under Section 4.3 and will not be incorporated into any database that SomaLogic (1) utilizes to identify biomarkers or
drug development targets or study biological pathways or human health, or (2) enables its other clients to access or use; and
(ii) the Assay Data is not incorporated into any data sets SomaLogic utilizes for the activities identified in subpart (1) of
this Section 2(f) or any other biological analysis or otherwise makes available to its other clients, including any data sets
employed by SomaLogic for any of the Excluded Activities described in Section 4.3 of the MSDS; and (iii) the Assay Data
will not be disclosed to any Affiliate of SomaLogic or any third party other than its personnel who have a need to access the Assay Data
for the purposes of performing SomaLogic’s obligations under this SOW (including the Protection of Data) or exercising its rights
under Section 4.3 of the MSDS. For clarity, SomaLogic will not authorize or permit extraction of the Assay Data from the permitted
databases as set forth in Section 2(f)(i) into a [****] with respect to any of the foregoing. Notwithstanding that the Assay Data
may be stored in the same database in which SomaLogic stores other assay data used to perform its SomaSignal® Tests, SomaLogic agrees
not to use Assay Data, even Assay Data corresponding to a single Sample, for the development or conduct of any SomaSignal® Tests,
including any successor or similar tests, or any analysis thereof.

 

g. Sample
Disposition. Please indicate the appropriate disposition for the Samples upon completion of the Services.

 

	 	[****]	Destroy
	 	[****]	Return
    at Client’s expense (FOB shipping point and client to arrange for international shipments)

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 11 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

Master SomaScan Discovery
Services Agreement

 

If
“Return” is selected, please provide the following information:

 

	 	Shipper
Vendor Name
	 
	 	Account
    #	 
	 	Return
    Contact Name	 
	 	Return
    Address	 
	 	Return
    Phone Number	 
	 	Return
    Contact Email	 

 

If
Client does not reply within [****] days to a request from SomaLogic to coordinate the return of any remaining Samples, SomaLogic is
entitled to destroy Samples in accordance with Applicable Law.

 

3. Fees
and Payment Schedule.

 

a. Assay
Services. In consideration for the Services, Client shall pay SomaLogic [****] (USD) per Sample for the Samples received, for a total
amount equal to [****] for [****] and shall issue a purchase order for this amount within [****] days after mutual execution of this
SOW. If Client delivers a different number of Samples, the total price will be adjusted to reflect a rate of [****] (USD) per Sample
for the Samples assayed. Minimum amount due for assay Services performed under this SOW is [****] (USD) for [****] or fewer Samples.

 

b. Batches.
Additional Samples may be added to this SOW in accordance with supplemental quotes provided by SomaLogic and corresponding purchase orders
provided by Client. Payment in full is due and payable per batch upon Client’s receipt from SomaLogic of the deliverable described
in Section 2 above and a corresponding invoice.

 

c. Payment.
Payment is due and payable as follows: [****] of the total amount payable for assay Services will be processed upon mutual execution
of this Agreement. For clarity, Amgen has been paying and will continue to pay pursuant to the terms of the Original Agreement, and the
Amended and Restated Master SomaScan Discovery Services Agreement does not create any new obligations for payment. SomaLogic will invoice
Amgen for the remaining balance on an ongoing, batch-by-batch basis, for assays performed on all Samples received after the first [****].
Amgen shall pay the amount due for each invoice within [****] after receipt of the invoice.

 

d. 

 

	 	Quantity	Item	Unit
    Price	Cost	                                
	 	[****]	Assay
    Services	[****]	[****]	 
	 	Total	[****]	 
	 	[****]
    upfront	[****]	 
	 	Subtotal
    Due Upon Mutual Execution	[****]	 
	 	Balance
    Due	[****]	 

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 12 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

Master SomaScan Discovery
Services Agreement

 

The
Parties have caused this Statement of Work No. 1 to be executed by their respective duly authorized representatives as of the date of
last signature below.

 

	Amgen Inc.	 	SomaLogic, Inc.
	 	 	 
	Signature:  	       	 	Signature:  	                                                    
	Printed:  	David M. Reese	 	Printed:  	Amy Graves
	Title:  	EVP, Research & Development	 	Title: 	 Sr. Corporate Controller
	Date:  	 	Date:  

 

Signature Page to Statement of Work No. 1

to AMENDED AND RESTATED MASTER SOMASCAN® DISCOVERY SERVICES AGREEMENT

 

    
	MSDS (Amgen ref. no. 2020075257-002)
		CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

Master SomaScan Discovery Services Agreement

APPENDIX
1

[****]

 

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 14 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

Master
SomaScan Discovery Services Agreement 

 

APPENDIX
2

[****]

 

 

    
	MSDS (Amgen ref. no. 2020075257-002)
	Page 15 of 16	CONFIDENTIAL

    Amgen Proprietary - Confidential
 

    

 

Master SomaScan Discovery Services Agreement 

 

APPENDIX
3

[****]

 

 

 

	MSDS (Amgen ref. no. 2020075257-002)	Page 16 of 16	CONFIDENTIAL

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]