Document:

Restricted Stock Award Agreement

 Exhibit 10.1 
 PRICESMART, INC. 
 RESTRICTED STOCK AGREEMENT 
 THIS AGREEMENT is made between Jose Luis Laparte (the “Grantee”) and PriceSmart, Inc., a Delaware corporation (the “Company”), as of
December 7, 2006. This Agreement is subject to the Company’s 2002 Equity Participation Plan (the “Plan”), the terms of which are hereby incorporated by reference. Any capitalized term not defined herein shall have the meaning
ascribed to such term under the Plan. 
 A. The Company hereby grants to Grantee an award of 124,400 shares of common stock of the Company
(the “Shares”) effective as of December 7, 2006 (the “Effective Date”), with a purchase price of $0.00 per share of common stock of the Company. 
 B. In connection with the grant of the Shares, the parties hereby execute this Restricted Stock Agreement (this “Agreement”), which
sets forth the rights and obligations of the parties with respect to the Shares, as follows: 
 1. Vesting. 
 (a) Notwithstanding anything herein to the contrary, in the event of a Termination of Employment, or a Termination of Consultancy, for any reason,
including for cause, death, or disability, all unvested Shares as of the date of such termination shall immediately be forfeited and shall be transferred to the Company. 
 (b) One hundred percent (100%) of the Shares shall initially be subject to forfeiture pursuant to Section 1(a). The Shares issued hereunder shall become vested over five (5) years, as follows: 23,600
shares vesting annually for the first four years and 30,000 shares vesting the fifth year on each anniversary of December 7, 2006 (the “Vesting Commencement Date” and each such anniversary, a “Vesting Date”), so that one
hundred percent (100%) of the Shares shall be vested and not subject to forfeiture pursuant to Section 1(a) upon the fifth anniversary of the Vesting Commencement Date; provided, however, that Grantee has not had a Termination of
Employment, or a Termination of Consultancy, as of each such Vesting Date. Fractional shares shall be rounded to the nearest whole share. 
 2. Transferability of the Shares; Escrow. 
 (a) With the exception of Shares which have been forfeited and required to
be transferred to the Company pursuant to this Agreement, no unvested Shares nor any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of Grantee or Grantee’s successors in interest or shall be
subject to disposition by transfer, alienation, anticipation, pledge, 

 
encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment,
garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect. Grantee hereby authorizes and directs the Secretary of the Company, or such other person
designated by the Company, to transfer the unvested Shares which are forfeited pursuant to Section 1(a) from Grantee to the Company. 
 (b) To insure the availability for delivery of Grantee’s unvested Shares upon forfeiture pursuant to Section 1(a), Grantee hereby appoints the Secretary, or any other person designated by the Company as escrow agent, as its
attorney-in-fact to assign and transfer unto the Company, such unvested Shares, if any, forfeited to the Company pursuant to Section 1(a) and shall, upon execution of this Agreement, deliver and deposit with the Secretary of the Company, or
such other person designated by the Company, the share certificates representing the unvested Shares, together with the stock assignment duly endorsed in blank, attached hereto as Exhibit A. The unvested Shares and stock assignment shall be
held by the Secretary in escrow, pursuant to the Joint Escrow Instructions of the Company and Grantee attached as Exhibit B hereto, until the Shares, if any, are forfeited as provided in Section 1(a), until such unvested Shares are
vested, or until such time as this Agreement no longer is in effect. As a further condition to the Company’s obligations under this Agreement, the spouse of the Grantee, if any, shall execute and deliver to the Company the Consent of Spouse
attached hereto as Exhibit C. Upon vesting of the unvested Shares, the escrow agent shall promptly deliver to the Grantee the certificate or certificates representing such Shares in the escrow agent’s possession belonging to the Grantee,
and the escrow agent shall be discharged of all further obligations hereunder; provided, however, that the escrow agent shall nevertheless retain such certificate or certificates as escrow agent if so required pursuant to other restrictions imposed
pursuant to this Agreement. 
 3. Ownership, Voting Rights, Duties. This Agreement shall not affect in any way the ownership,
voting rights or other rights or duties of Grantee, except as specifically provided herein. 
 4. Legends. Grantee understands
and agrees that the Company shall cause the legends set forth below or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by state or
federal securities laws: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN FORFEITURE RESTRICTIONS AND RESTRICTIONS ON
TRANSFER AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 
  

 Grantee agrees that, in order to ensure compliance with the restrictions referred to herein, the Company
may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 
 5. Adjustment for Stock Split. All references to the number of Shares shall be appropriately adjusted to reflect any stock split, stock
dividend or other change in the Shares which may be made by the Company after the date of this Agreement. 
 6. Notices.
Notices required hereunder shall be given in person or by registered mail to the address of Grantee shown on the records of the Company, and to the Company at its principal executive office. 
 7. Survival of Terms. This Agreement shall apply to and bind Grantee and the Company and their respective permitted assignees and
transferees, heirs, legatees, executors, administrators and legal successors. 
 8. Section 83(b) Election. Grantee hereby
acknowledges that he or she has been informed that, with respect to the Shares, unless an election is filed by the Grantee with the Internal Revenue Service and, if necessary, the proper state taxing authorities, within thirty (30) days
of the Effective Date, electing pursuant to Section 83(b) of the Code (and similar state tax provisions if applicable) to be taxed currently on any difference between the purchase price of the Shares, if any, and their Fair Market Value on the
Effective Date, there will be a recognition of taxable income to the Grantee, measured by the excess, if any, of the Fair Market Value of the Shares, at the time the Shares are not subject to forfeiture under Section 1(a), over the purchase
price, if any, for the Shares. Grantee represents that Grantee has consulted any tax consultant(s) Grantee deems advisable in connection with the grant of the Shares or the filing of the election under Section 83(b) and similar tax provisions.

 GRANTEE ACKNOWLEDGES THAT IT IS GRANTEE’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY AN ELECTION UNDER
SECTION 83(b), EVEN IF GRANTEE REQUESTS THE COMPANY OR ITS REPRESENTATIVE TO MAKE THIS FILING ON GRANTEE’S BEHALF. 
 9.
Representations. Grantee has reviewed with Grantee’s own tax advisors the federal, state, local and foreign tax consequences of the grant of Shares hereunder and the transactions contemplated by this Agreement. Grantee is relying
solely on such advisors and not on any statements or representations of the Company or any of its agents. Grantee understands that Grantee (and not the Company) shall be responsible for Grantee’s own tax liability that may arise as a result of
this investment or the transactions contemplated by this Agreement. 
  

 10. Withholding. At the discretion of the Company, Grantee may satisfy federal and state
withholding tax obligations with respect to the vesting of Shares by electing to forfeit and have transferred to the Company that number of Shares to be vested having a Fair Market Value equal to the minimum amount required to be withheld based on
the statutory withholding rates for federal and state tax purposes that apply to supplemental taxable income. The Fair Market Value of the Shares to be forfeited shall be determined on the date that the amount of tax to be withheld is to be
determined. Any election by Grantee to have Shares forfeited for this purpose shall be made in such form and under such conditions as the Company may deem necessary or advisable. 
 11. Governing Law; Severability. This Agreement shall be governed by and construed in accordance with the laws of the State of California
excluding that body of law pertaining to conflicts of law. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable.
Grantee represents that Grantee has read this Agreement and is familiar with its terms and provisions. 
 IN WITNESS WHEREOF, this Agreement
is deemed made as of the date first set forth above. 
  

			
	PRICESMART, INC.
	
	 /s/ Robert M. Gans

	By:	 	Robert M. Gans
	Title:	 	Executive Vice President
	
	GRANTEE
	
	 /s/ Jose Luis Laparte

	Jose Luis Laparte
	
	Address:
	
	  

	  
  

  

 EXHIBIT A 
 ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED I, Jose Luis Laparte, hereby sell, assign
and transfer unto PriceSmart, Inc., a Delaware corporation,                      shares of the Common Stock of PriceSmart, Inc. standing in my
name of the books of said corporation represented by Certificate No.                      herewith and do hereby irrevocably constitute
and appoint                      to transfer the said stock on the books of the within named corporation with full power of substitution in
the premises. 
 This Stock Assignment may be used only in accordance with the Restricted Stock Agreement between PriceSmart, Inc. and the
undersigned dated as of December 7, 2006. 
  

			
	Signature:	 	 /s/ Jose Luis Laparte

		 	Jose Luis Laparte

 INSTRUCTIONS: Please do not fill in any blanks other than the signature line. The purpose of this
assignment is to enable the forfeiture of unvested Shares, as set forth in the Restricted Stock Agreement, without requiring additional signatures on the part of the Grantee. 
  

 EXHIBIT B 
 JOINT ESCROW INSTRUCTIONS 
 PriceSmart, Inc. 
 9740 Scranton Road 
 San Diego, CA. 92121 
 Attention: Corporate Secretary 
 To Whom It May Concern: 
 As Escrow Agent for both PriceSmart, Inc., (the “Company”), and the undersigned grantee (the “Grantee”) of common stock of the Company
(the “Shares”), you are hereby authorized and directed to hold the documents delivered to you pursuant to the terms of that certain Restricted Stock Agreement (“Agreement”) between the Company and the undersigned, in accordance
with the following instructions: 
 1. In the event of a forfeiture of the Shares pursuant to Section 1(a) of the Agreement, the Company
shall give to Grantee and you a written notice specifying the number of Shares to be forfeited and the time for a closing hereunder at the principal office of the Company. Grantee and the Company hereby irrevocably authorize and direct you to close
the transaction contemplated by such notice in accordance with the terms of said notice. 
 2. At the closing, you are directed (a) to
date the stock assignments necessary for the transfer in question, (b) to fill in the number of shares being transferred, and (c) to deliver the same, together with the certificate evidencing the shares of stock to be transferred, to the
Company or its assignee. 
 3. Grantee irrevocably authorizes the Company to deposit with you any certificates evidencing shares of stock to
be held by you hereunder and any additions and substitutions to said shares as defined in the Agreement. Grantee does hereby irrevocably constitute and appoint you as Grantee’s attorney-in-fact and agent for the term of this escrow to execute
with respect to such securities all documents necessary or appropriate to make such securities negotiable and to complete any transaction herein contemplated, including but not limited to the filing with any applicable state blue sky authority of
any required applications for consent to, or notice of transfer of, the securities. Subject to the provisions of this paragraph 3, Grantee shall exercise all rights and privileges of a stockholder of the Company while you hold the stock.

 4. Upon written request of the Grantee, but no more than twice per calendar year, unless the Shares have been forfeited to the Company,
you will deliver to Grantee a certificate or certificates representing so many Shares of stock as are not then subject to 

 
forfeiture under the Agreement. Within one hundred twenty (120) days after Grantee has a Termination of Employment or Termination of Consultancy, you
will deliver to Grantee a certificate or certificates representing the aggregate number of shares held or issued pursuant to the Agreement and not forfeited to the Company or its assignees pursuant to the Agreement. 
 5. If at the time of termination of this escrow you should have in your possession any documents, securities, or other property belonging to Grantee, you
shall deliver all of the same to Grantee and shall be discharged of all further obligations hereunder. 
 6. Your duties hereunder may be
altered, amended, modified or revoked only by a writing signed by all of the parties hereto. 
 7. You shall be obligated only for the
performance of such duties as are specifically set forth herein and may rely and shall be protected in relying or refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper
party or parties. You shall not be personally liable for any act you may do or omit to do hereunder as Escrow Agent or as attorney-in-fact for Grantee while acting in good faith, and any act done or omitted by you pursuant to the advice of your own
attorneys shall be conclusive evidence of such good faith. 
 8. You are hereby expressly authorized to disregard any and all warnings given
by any of the parties hereto or by any other person or corporation, excepting only orders or process of courts of law and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case you obey or comply
with any such order, judgment or decree, you shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed,
modified, annulled, set aside, vacated or found to have been entered without jurisdiction. 
 9. You shall not be liable in any respect on
account of the identity, authorities or rights of the parties executing or delivering or purporting to execute or deliver the Agreement or any documents or papers deposited or called for hereunder. 
 10. You shall not be liable for the expiration of any rights under any applicable state, federal or local statute of limitations or similar statute or
regulation with respect to these Joint Escrow Instructions or any documents deposited with you. 
 11. You shall be entitled to employ such
legal counsel and other experts as you may deem necessary properly to advise you in connection with your obligations hereunder, may rely upon the advice of such counsel, and may either pay such counsel reasonable compensation therefor or be
reimbursed by the Company for such expense. 
  

 12. Your responsibilities as Escrow Agent hereunder shall terminate if you shall cease to be an officer
or agent of the Company or if you shall resign by written notice to each party. In the event of any such termination, the Company shall appoint a successor Escrow Agent mutually acceptable to the Company and Grantee. 
 13. If you reasonably require other or further instruments in connection with these Joint Escrow Instructions or obligations in respect hereto, the
necessary parties hereto shall join in furnishing such instruments. 
 14. It is understood and agreed that should any dispute arise with
respect to the delivery and/or ownership or right of possession of the securities held by you hereunder, you are authorized and directed to retain in your possession without liability to anyone all or any part of said securities until such disputes
shall have been settled either by mutual written agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but you shall be
under no duty whatsoever to institute or defend any such proceedings. 
 15. Any notice required or permitted hereunder shall be given in
writing and shall be deemed effectively given upon personal delivery or three (3) days following deposit in the United States Post Office, by registered or certified mail with postage and fees prepaid, addressed to each of the other parties
thereunto entitled at the following addresses or at such other addresses as a party may designate by ten (10) days’ advance written notice to each of the other parties hereto. 
  

			
	COMPANY:	 	PriceSmart, Inc.
		 	9740 Scranton Road
		 	San Diego, CA 92121
		
		 	Fax: 858-404-8828
		
	GRANTEE:	 	                                
		 	                                
		 	                                
		 	                                
		
	ESCROW AGENT:	 	PriceSmart, Inc. Corporate Secretary

 16. By signing these Joint Escrow Instructions, you become a party hereto only for the purpose of
said Joint Escrow Instructions; you do not become a party to the Agreement. 
 17. This instrument shall be binding upon and inure to the
benefit of the parties hereto, and their respective successors and permitted assigns. 
  

 18. These Joint Escrow Instructions shall be governed by, and construed and enforced in accordance with,
the laws of the State of California, excluding that body of law pertaining to conflicts of law. 
 Dated as of December 7, 2006 
  

			
	PRICESMART, INC.
	
	  

	By:	 	  

	Title:	 	  

	
	GRANTEE:
	
	  

	
	Escrow Agent:
	
	  

	Corporate Secretary of PriceSmart, Inc.

  

 EXHIBIT C 
 CONSENT OF SPOUSE 
 I,
                                        ,
spouse of Jose Luis Laparte have read and approve the foregoing Agreement. In consideration of granting of the right to my spouse to purchase shares of PriceSmart, Inc. as set forth in the Agreement, I hereby appoint my spouse as my attorney-in-fact
in respect to the exercise of any rights under the Agreement and agree to be bound by the provisions of the Agreement insofar as I may have any rights in said Agreement or any shares issued pursuant thereto under the community property laws or
similar laws relating to marital property in effect in the state of our residence as of the date of the signing of the foregoing Agreement. 
 Dated:
                    ,Letter Agreement

 Exhibit 10.1 
 

 
 January 5, 2007 
 Mr. Howard W. Robin 
 [Address] 
 Dear
Howard, 
 On behalf of the Board of Directors (the “Board”), I am pleased and excited to offer you the position of President and Chief Executive
Officer of Nektar Therapeutics (“Nektar” or the “Company”). In addition, should you accept this offer, the Board will consider your appointment as a member of the Board at the first regularly scheduled meeting of the Board after
the date you start as a full-time employee (“Start Date”). Accordingly, I present you with this offer letter agreement setting forth certain terms and conditions of your employment. Capitalized terms used herein and not defined shall have
the meanings ascribed to them in the Company’s Change of Control Severance Benefit Plan, as it may be amended from time to time (the “COC Plan”). 
 As President and Chief Executive Officer, you shall have the general powers and duties of management usually vested in the office of chief executive officer of a corporation of the size and nature of Nektar. You shall report directly to the
Board. The Chairman of the Board shall be a non-executive chairman. Your principal place of employment will be 150 Industrial Road, San Carlos, CA. 
 Your
annual cash compensation will consist of two components: base salary and an annual performance bonus. Your base salary will be $680,000 on an annual basis and paid in accordance with Nektar’s regular payroll schedule. Your annual performance
bonus target each year will be at least 59% of your annual base salary for each annual period and $400,000 for 2007 (“Target Annual Bonus”). Your base salary and Target Annual Bonus shall be subject to annual performance review by the
Board for appropriate upward adjustment. The actual amount of your annual performance bonus will range from 0% to 150% of the Target Annual Bonus based on the Board’s assessment of your achievement of a combination of corporate and personal
objectives agreed upon by you and the Board at the beginning of each annual performance period. Your annual performance bonus for the prior year will be paid in the first calendar quarter of each year within the period of time required to avoid
taxes and penalties under Section 409A of the Internal Revenue Code. 
 Subject to approval by the Board prior to and effective as of your Start Date,
you will be granted a stock option to purchase 600,000 shares of Nektar common stock (the “Initial Option”, which together with any subsequent stock options you may receive, are the “Stock Options”) under Nektar’s 2000
Equity Incentive Plan (“2000 Plan”). The maximum number of shares subject to the Stock Options will be granted as incentive stock options within the meaning of Section 422 of the Internal Revenue Code to the extent permissible under
Section 10(d) of the 2000 Plan. 

 
The remainder of shares subject to the Stock Options will be granted as non-statutory stock options. The exercise price will be set at the closing price of
Nektar’s common stock on Nasdaq on your Start Date in the case of the Initial Option or at the date determined by the Board in the case of any subsequent Stock Options. Your Start Date shall be no later than February 1, 2007. The shares
subject to the Initial Option will vest according to a 5-year vesting schedule for so long as you provide Continuous Service (as defined in the 2000 Plan) to the Company with 20% of the shares subject to the Initial Option vesting on the one year
anniversary of your Start Date and the remainder vesting monthly on a pro-rata basis over the following 4 years. You will be eligible for annual equity awards, in the sole discretion of the Board, based on the Board’s review of your individual
performance and annual equity compensation levels of non-founder chief executive officers of comparator companies as analyzed by a reputable, nationally-recognized, independent compensation consultancy firm. 
 You will also be eligible to participate in Nektar’s executive benefits program including medical, dental and vision insurance, term life insurance, 401(k), the
flexible health spending plan, short & long-term disability upon the terms specified in those plans, and the COC Plan. 
 Your employment is by
continued mutual agreement and may be terminated at will with or without cause by either you or Nektar at any time with or without advanced notice. You will also be required to enter into Nektar’s standard Employment Agreement, a copy of which
is attached as Exhibit A hereto. 
 In the event of your death or Disability (as defined in the 2000 Plan), (a) 50% of the unvested shares under your
Stock Options will automatically vest, (b) Nektar will pay to you or your estate, as applicable, all unreimbursed expenses, all of your then accrued but unpaid base salary, and your target bonus prorated for the portion of the last year in
which you were employed by Nektar prior to death or Disability, and (c) you and your dependents shall be entitled to continued medical, dental, and vision insurance for yourself and your dependents, at your or their expense, at the same level
of coverage as was provided to you and your dependents under Nektar’s insurance and benefits plans immediately prior to the termination by electing COBRA continuation coverage in accordance with applicable law. 
 In the event your employment is terminated for reasons not related to a Change of Control (a) by the Company without Cause; or (b) by you for a Good Reason
Resignation, then you and the Company will meet in good faith to discuss the terms of an appropriate separation. In any event, at a minimum, the Company will enter into a severance arrangement with you which will include the following: (i) a
fully effective mutual waiver and release in such form as the Company may reasonably require, (ii) a cash severance payment equal to your total annual cash compensation target (defined as your current monthly base salary annualized for 12
months, plus your 59% bonus target multiplied by the expected pay-out percentage used by the Company for its GAAP financial statements in the previous calendar quarter, but not to exceed 100%), payable in accordance with the severance payment
schedule described in the COC Plan and subject to such delay in payment required for compliance with Section 409A, (iii) pro-rata vesting credit (based on conversion of the vesting schedule to a monthly vesting schedule) on your Initial
Option through the date of termination if your termination occurs prior to the first anniversary of the Start Date, based on months completed since your Start Date, (iv) the exercise period for the vested and unexercised portion of your Stock
Options shall be 18 months following the termination date and (v) the Company shall pay all applicable COBRA payments for you and your family for one year after the termination date (such payments shall cease in the event that you become
eligible for comparable benefits with another employer). 

 In compliance with the terms of the Federal Immigration Reform and Control Act, you will be required to provide us with
proof of authorization to work and proof of identity. 
 The terms, compensation and benefits set forth in this letter, which shall be governed by California
law, without reference to principles of conflicts of laws, may not be reduced without your prior written consent and shall be binding upon and inure to the benefit of (a) your heirs, executors, and legal representatives upon your death and
(b) any person or entity which at any time, whether by purchase, merger, or otherwise, directly or indirectly acquires all or a majority of the assets, business, capital stock, or voting stock of the Nektar. Any such person or entity shall be
deemed substituted for the Nektar under this letter for all purposes. 
 Howard, on behalf of the Board, I am delighted at the prospect of your leadership at
Nektar as the President and Chief Executive Officer. Please feel free to call me if you have any questions and I look forward to working with you. 
 Sincerely, 
  

	
	 /s/ Michael A. Brown

	Michael A. Brown
	 Chairman, Organization and Compensation
 Committee of the
Board of Directors

 OFFER ACCEPTED: 
  

					
	 /s/ Howard W. Robin
	 		 	 1/5/07

	Howard W. Robin	 		 	Date

 

 
  

 EXHIBIT A 
 EMPLOYEE AGREEMENT 
 In consideration of my employment or continued employment by Nektar
Therapeutics, its subsidiaries or affiliates (collectively, the “Company”), I,
                             (name) residing at
                             (address), agree as of the date I was first employed by Company as
follows: 
 1. Entire Agreement: This Agreement sets forth the complete and entire agreement between Company and me and
supersedes any and all previous oral or written communications, discussions and agreements between Company and me with respect to the subject of this Agreement. 
 2. Employment: 
 a. Duty of Loyalty. During the period of my employment by the Company, I shall
devote my full time and best efforts to the business of the Company, and I shall neither pursue any business opportunity outside the Company nor take any position with any organization other than as authorized in writing by the Chief Executive
Officer of the Company. While employed by the Company, I will avoid all conflicts of interest and will not compete with the Company or undertake other acts of disloyalty. 
 b. Change in Jobs. I agree that all of my obligations under this Agreement will remain in full force and effect should I receive a promotion, demotion or experience a change in job title or duties while
employed by the Company. 
 c. Employment at Will. I agree that this Agreement does not guarantee my continued employment with the
Company. I acknowledge that, unless I enter into a written employment agreement with the Company that provides for a specified period of employment, I am employed “at-will,” meaning that either the Company or I may terminate the employment
relationship at any time, for any or no reason, with or without cause or prior notice. 
 3. Assignment of Developments: 

a. Assignment to Company. If at any time or times during my employment or other association with the Company, I shall (either alone or with
others) make, conceive, create, discover, invent or reduce to practice any development that (i) relates to the business of the Company or any of the products or services being explored, developed, manufactured or sold by the Company or which
may be used in relation therewith; or (ii) results from tasks assigned to me by the Company; or (iii) results from the use of premises or personal property (whether tangible or intangible) owned, leased or contracted for by the Company
(hereinafter collectively referred to as “Developments”), then all such Developments and the benefits thereof are and shall immediately become the sole and absolute property of the Company and its assigns, as works made for hire or
otherwise. I shall promptly disclose to the Company (or any persons 

 

 
  

 
designated by it) each such Development. I hereby assign all rights (including, but not limited to, rights to inventions, patentable subject matter,
copyrights and trademarks) I may have or may acquire in the Developments, as well as all benefits and/or rights resulting therefrom, to the Company and its assigns without further compensation and shall communicate, without cost or delay, and
without disclosing to others the same, all available information relating thereto (with all necessary plans and models) to the Company. 
 b.
Requirement to Provide Assistance. I agree to assist the Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s rights in the Developments and any copyrights, patents, trademarks, and trade
secret rights or other intellectual property rights in connection with any such Developments in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all
applications, specifications, oaths, assignments and all other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns, and nominees
the sole and exclusive rights, title and interest in and to such Developments, and any copyrights, patents, trademark and other intellectual property rights relating thereto. I further agree that my obligation to execute or cause to be executed,
when it is in my power to do so, any such instrument or papers shall continue after the termination of this Agreement. If the Company is unable, because of my mental or physical incapacity or for any other reason, to secure my signature to apply for
or to pursue any application for any United States or foreign patents or copyright registrations covering Developments or original works of authorship assigned to the Company as above, then I hereby irrevocably designate and appoint the Company and
its duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters
patent or copyright registrations thereon with the same legal force and effect as if executed by me. 
 c. Works Made For Hire. I will
promptly disclose to the Company all material which I produce, compose or write, individually or in collaboration with others, which arises out of work delegated to me by the Company. I agree that all such material constitutes a work for hire, and
at the expense of the Company, I will assign to the Company all my interest in such copyrightable material and will sign all papers and do all other acts necessary to assist the Company to obtain copyrights on such material in any and all countries.

 d. Ongoing Notice Obligation. I agree that for a period of one (1) year following the termination of my employment for any
reason, I will notify the Company immediately of any and all creations, discoveries, inventions or other developments made by me (either alone or with others) that relate to the business of the Company or relate to research and development in which
I was involved during the course of my employment by the Company. Any such creation, discovery, invention or other development relating to the Company’s business made by me (either alone or with others) within one (1) year following the
termination of my employment shall be presumed to be owned by the Company. 

 

 
  

 e. Inventions Not Assigned to Company. I understand and acknowledge that the assignment of
Developments under this Agreement does not apply to an invention which qualifies fully for protection under section 2870 California Labor Code section, a copy of which is attached as Appendix A, which pertains to any rights I may have acquired
in connection with an invention, discovery or improvement that was developed entirely on my own time for which no equipment, supplies, facilities or trade secret information of the Company was used and (a) that does not relate directly or
indirectly to the business of the Company or to the Company’s actual or demonstrably anticipated research or development, or (b) that does not result from any work performed by me for the Company. 
 f. Disclosure of Prior Inventions. I represent that the creations, discoveries, inventions or other developments identified in Appendix B attached
hereto (“Prior Developments”), if any, comprise all the Prior Developments that I made or conceived prior to my employment by the Company, which Prior Developments are excluded from this Agreement. I understand that it is only necessary to
list the title of such Prior Developments and the purpose thereof, but not details of the Prior Development itself. IF THERE ARE ANY SUCH DEVELOPMENTS TO BE EXCLUDED, THE UNDERSIGNED SHOULD INITIAL HERE; OTHERWISE IT WILL BE DEEMED THAT THERE ARE NO
SUCH EXCLUSIONS. 
 4. Nondisclosure of Confidential Information: I shall not at any time, whether during or after the termination of
my employment, reveal to any person or entity any Confidential Information except to employees of the Company who need to know such Confidential Information for the purposes of their employment, or as otherwise authorized by the Company in writing.
The term “Confidential Information” shall include any information concerning the organization, business or finances of the Company or of any third party which the Company is under an obligation to keep confidential that is maintained by
the Company as confidential. Such Confidential Information shall include, but is not limited to, trade secrets or confidential information respecting methods, know-how, techniques, systems, processes, specifications, blueprints, formulae, devices,
models, software programs, works of authorship, customer lists, partner lists, customer information, financial information, pricing or commission information, business plans, projects, plans and proposals. I shall keep confidential all matters
entrusted to me and shall not use or attempt to use any Confidential Information except as may be required in the ordinary course of performing my duties as an employee of the Company, nor shall I use any Confidential Information in any manner which
may injure or cause loss or may be calculated to injure or cause loss to the Company, whether directly or indirectly. 
 5.
Nonsolicitation of Customers, Partners and Employees: I agree that the Company has invested substantial time, effort and expense in compiling its confidential and trade secret information and in assembling its present personnel. In order to
protect the confidentiality of the Company’s sensitive information, I agree that, during my employment and for one (1) year thereafter, I shall not do the following: 
 a. approach, contact or otherwise communicate in any way with any customer or partner of the Company with the use or assistance of Confidential
Information of the Company that I obtained during my employment for the purpose of engaging in or assisting in soliciting business from that customer or partner; 

 

 
  

 b. solicit, approach, counsel or attempt to induce any person who is then in the employ of the
Company to leave the employ of the Company; or 
 c. aid, assist or counsel any other person, firm or corporation to do any of the above.

 6. Return of Property: I shall keep on Company’s premises (except when required elsewhere in connection with the conduct of
Company’s business) and shall deliver to Company upon termination of my employment all writings related to the business of Company, and all documents, equipment, materials and other personal property belonging to Company. I further agree not to
make or retain any copy, duplication, facsimile, reproduction or replication of any of the foregoing except as necessary to perform my duties as an employee of the Company. 
 7. No Violation Of Prior Trade Secret Or Non-Competition Agreements: I represent that the performance of all the terms of this Agreement as an
employee of this Company will not conflict with, and will not breach, any other development assignment agreement, confidentiality agreement, employment agreement or non-competition agreement to which I am or have been a party. To the extent that I
have confidential information or materials of any former employer of mine, I acknowledge that the Company has directed me to not disclose such confidential information or materials to the Company or any of its employees, and that the Company
prohibits me from using said confidential information or materials in any work that I may perform for the Company, and I will not bring with me to the Company, and will not use or disclose any confidential, proprietary information, or trade secrets
acquired by me prior to my employment with the Company. I will not disclose to the Company or any of its employees, or induce the Company or any of its employees to use, any confidential or proprietary information or material belonging to any
previous employers or others, nor will I bring to the Company or use in connection with my work for the Company copies of any software, computer files, or any other copyrighted or trademarked materials except those owned by or licensed to the
Company. I am not a party to any other agreement that will interfere with my full compliance with this Agreement. I further agree not to enter into any agreement, whether written or oral, in conflict with the provisions of this Agreement.

 8. Choice of Law: This Agreement shall be construed and governed by the laws of the state in which I am primarily assigned to
perform my job for, or engagement with, the Company and shall in all respects be interpreted, enforced and governed under the internal and domestic laws of such state. 
 9. No Waiver: The waiver of any breach of this Agreement shall not constitute a waiver of subsequent similar of dissimilar breaches of this Agreement, or a waiver of any of the obligations contained herein.

 

 
  

 10. Assignment: The Company shall have the right to assign this Agreement to its successors
and assigns, and all covenants and agreements hereunder shall inure to the benefit of and be enforceable by said successors and assigns. 
 11. Right to Notify: I recognize the right of Company to notify any third party of the existence of this Agreement and/or its provisions and/or my agreeing to it. 
 12. Severability: Should a provision or part of a provision of this Agreement be found as a matter or law to be invalid, such finding shall not
have the effect of invalidating the remainder of this Agreement and the provision or part thereof as to which such finding of invalidity is made shall be interpreted so as to be ineffective only to the extent of such invalidity without invalidating
the remainder of such provision or part thereof or any of the other provisions of this Agreement. 
 13. Breach: I agree that any
breach of this Agreement by me will cause irreparable damage to the Company and that in the event of such breach the Company shall have, in addition to any and all remedies of law, the right to an injunction, specific performance or other equitable
relief to prevent the violation of my obligations hereunder. The Company may apply for such injunctive relief in any court of competent jurisdiction without the necessity of posting any bond or other security. 
  

							
	EMPLOYEE:	 	    NEKTAR THERAPEUTICS:
				
	Signed:	 	 	 	    By:	 	 
				
	Name:	 	 	 	    Title:	 	Vice President, Human Resources
				
	Dated:	 	 	 	    Dated:	 	 

 

 
  

 APPENDIX A 
 Section 2870 of California Labor Code: Application of provision providing that employee shall assign or offer to assign rights in invention to employer. 
 a. Any provision and employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to
his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities or trade secret information except for those inventions that either:

  

	 	1	Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the
employer; or 

  

	 	2	Result from any work performed by the employee for the employer. 

 b. To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to be +assigned under subdivision (a), the provision is against the public policy of this
state and is unenforceable. 

 

 
  

 APPENDIX B 
 PRIOR INVENTIONS

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