Document:

exv10w2

 

Exhibit 10.2

OMEROS MEDICAL SYSTEMS, INC.

SECOND AMENDED AND RESTATED 1998 STOCK OPTION PLAN

     1. Purposes of the Plan. The purposes of this Amended and Restated 1998 Stock Option
Plan are to attract and retain the best available personnel for positions of substantial
responsibility, to provide additional incentive to Employees and Consultants of the Company and its
Subsidiaries and to promote the success of the Company’s business. Options granted under the Plan
may be incentive stock options (as defined under Section 422 of the Code) or non-statutory stock
options, as determined by the Administrator at the time of grant of an option and subject to the
applicable provisions of Section 422 of the Code, as amended, and the regulations promulgated
thereunder.

     2. Definitions. As used herein, the following definitions shall apply:

          (a) “Administrator” means the Board or any of its Committees appointed pursuant to
Section 4 of the Plan.

          (b) “Board” means the Board of Directors of the Company.

          (c) “Cause” for termination of an Optionee’s Continuous Status will exist if the
Optionee is terminated for any of the following reasons: (i) Optionee’s willful failure
substantially to perform his or her duties and responsibilities to the Company or deliberate
violation of a Company policy; (ii) Optionee’s commission of any act of fraud, embezzlement,
dishonesty or any other willful misconduct that has caused or is reasonably expected to result in
material injury to the Company; (iii) unauthorized use or disclosure by Optionee of any proprietary
information or trade secrets of the Company or any other party to whom the Optionee owes an
obligation of nondisclosure as a result of his or her relationship with the Company; or (iv)
Optionee’s willful breach of any of his or her obligations under any written agreement or covenant
with the Company. The determination as to whether an Optionee is being terminated for Cause shall
be made in good faith by the Company and shall be final and binding on the Optionee. The foregoing
definition does not in any way limit the Company’s ability to terminate an Optionee’s employment or
consulting relationship at any time as provided in Section 5(d) below, and the term “Company” will
be interpreted to include any Subsidiary, Parent, Affiliate or successor thereto, if appropriate.

          (d) “Code” means the Internal Revenue Code of 1986, as amended.

          (e) “Committee” means the Committee appointed by the Board of Directors in accordance
with Section 4(a) of the Plan.

          (f) “Common Stock” means the Common Stock of the Company.

          (g) “Company” means Omeros Medical Systems, Inc., a Washington corporation.

 

 

          (h) “Consultant” means any person, including an advisor, who is engaged by the Company
or any Parent or Subsidiary to render services and is compensated for such services, and any
director of the Company whether compensated for such services or not, provided that if and in the
event the Company registers any class of any equity security pursuant to the Exchange Act, the term
Consultant shall thereafter not include directors who are not compensated for their services or are
paid only a director’s fee by the Company.

          (i) “Constructive Termination” shall be deemed to occur if (A)(1) there is a material
adverse change in Employee’s position causing such position to be of materially reduced stature or
responsibility, (2) a reduction of more than thirty percent (30%) of Employee’s base compensation
unless in connection with similar decreases of other similarly situated employees of the Company or
(3) Employee’s refusal to comply with the Company’s request to relocate to a facility or location
more than fifty (50) miles from the Company’s current location and (B) within the thirty (30) day
period immediately following such material change or reduction Employee elects to terminate his or
her employment voluntarily.

          (j) “Continuous Status as an Employee or Consultant” means the absence of any
interruption or termination of service as an Employee or Consultant. Continuous Status as an
Employee or Consultant shall not be considered interrupted in the case of: (i) sick leave; (ii)
military leave; (iii) any other leave of absence approved by the Administrator, provided that such
leave is for a period of not more than ninety (90) days, unless re-employment upon the expiration
of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to
Company policy adopted from time to time; or (iv) in the case of transfers between locations of the
Company or between the Company, its Subsidiaries or their respective successors. For purposes of
this Plan, a change in status from an Employee to a Consultant or from a Consultant to an Employee
will not constitute an interruption of Continuous Status as an Employee or Consultant.

          (k) “Employee” means any person, including officers and directors, employed by the
Company or any Parent or Subsidiary of the Company, with the status of employment determined based
upon such minimum number of hours or periods worked as shall be determined by the Administrator in
its discretion, subject to any requirements of the Code. The payment of a director’s fee by the
Company to a director shall not be sufficient to constitute “employment” of such director by the
Company.

          (l) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (m) “Fair Market Value” means, as of any date, the fair market value of Common Stock
determined as follows:

               (i) If the Common Stock is listed on any established stock exchange or a national market
system including without limitation the National Market of the National Association of Securities
Dealers, Inc. Automated Quotation System (“Nasdaq”), its Fair Market Value shall be the closing
sales price for such stock (or the closing bid, if no sales were reported), as quoted on such
system or exchange, or the exchange with the greatest volume of trading in Common Stock for the last market trading day prior to the time of determination, as
reported in The Wall Street Journal or such other source as the Administrator deems reliable;

-2-

 

               (ii) If the Common Stock is quoted on the Nasdaq (but not on the National Market thereof) or
regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair
Market Value shall be the mean between the high bid and low asked prices for the Common Stock for
the last market trading day prior to the time of determination, as reported in The Wall Street
Journal or such other source as the Administrator deems reliable; or

               (iii) In the absence of an established market for the Common Stock, the Fair Market Value
thereof shall be determined in good faith by the Administrator.

          (n) “Incentive Stock Option” means an Option intended to qualify as an incentive stock
option within the meaning of Section 422 of the Code, as designated in the applicable option
agreement.

          (o) “Listed Security” means any security of the Company that is listed or approved for
listing on a national securities exchange or designated or approved for designation as a national
market system security on an interdealer quotation system by the National Association of Securities
Dealers, Inc.

          (p) “Named Executive” means any individual who, on the last day of the Company’s
fiscal year, is the chief executive officer of the Company (or is acting in such capacity) or among
the four most highly compensated officers of the Company (other than the chief executive officer).
Such officer status shall be determined pursuant to the executive compensation disclosure rules
under the Exchange Act.

          (q) “Nonstatutory Stock Option” means an Option not intended to qualify as an
Incentive Stock Option, as designated in the applicable option agreement.

          (r) “Option” means a stock option granted pursuant to the Plan.

          (s) “Optioned Stock” means the Common Stock subject to an Option.

          (t) “Optionee” means an Employee or Consultant who receives an Option.

          (u) “Parent” means a “parent corporation”, whether now or hereafter existing, as
defined in Section 424(e) of the Code, or any successor provision.

          (v) “Plan” means this Amended and Restated 1998 Stock Option Plan .

          (w) “Reporting Person” means an officer, director, or greater than ten percent (10%)
shareholder of the Company within the meaning of Rule 16a-2 under the Exchange Act, who is required
to file reports pursuant to Rule 16a-3 under the Exchange Act.

          (x) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, as the same may
be amended from time to time, or any successor provision.

          (y) “Share” means a share of the Common Stock, as adjusted in accordance with Section
11 of the Plan.

-3-

 

          (z) “Stock Exchange” means any stock exchange or consolidated stock price reporting
system on which prices for the Common Stock are quoted at any given time.

          (aa) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing,
as defined in Section 424(f) of the Code, or any successor provision.

     3. Stock Subject to the Plan. Subject to the provisions of Section 11 of the Plan,
the maximum aggregate number of shares that may be optioned and sold under the Plan is
2,611,516 shares of Common Stock. The shares may be authorized, but unissued, or
reacquired Common Stock. If an Option should expire or become unexercisable for any reason without
having been exercised in full, the unpurchased Shares that were subject thereto shall, unless the
Plan shall have been terminated, become available for future grant under the Plan. In addition,
any shares of Common Stock which are retained by the Company upon exercise of an Option in order to
satisfy the exercise price for such Option or any withholding taxes due with respect to such
exercise shall be treated as not issued and shall continue to be available under the Plan.

     4. Administration of the Plan

          (a) Initial Plan Procedure. Prior to the date, if any, upon which the Company becomes
subject to the Exchange Act, the Plan shall be administered by the Board or a committee appointed
by the Board.

          (b) Plan Procedure After the Date, if any, Upon Which the Company Becomes Subject to the
Exchange Act.

               (i) Multiple Administrative Bodies. If permitted by Rule 16b-3, the Plan may be
administered by different bodies with respect to directors, non-director officers and Employees or
Consultants who are not Reporting Persons.

               (ii) Administration With Respect to Reporting Persons. With respect to grants of
Options to Employees who are Reporting Persons, the Plan shall be administered by (A) the Board if
the Board may administer the Plan in compliance with Rule 16b-3 with respect to a plan intended to
qualify thereunder as a discretionary plan, or (B) a committee designated by the Board to
administer the Plan, which committee shall be constituted in such a manner as to permit the Plan to
comply with Rule 16b-3 with respect to a plan intended to qualify thereunder as a discretionary
plan. Once appointed, such committee shall continue to serve in its designated capacity until
otherwise directed by the Board. From time to time the Board may increase the size of the
committee and appoint additional members thereof, remove members (with or without cause) and
appoint new members in substitution therefor, fill vacancies, however caused, and remove all
members of the committee and thereafter directly administer the Plan, all to the extent permitted
by Rule 16b-3 with respect to a plan intended to qualify thereunder as a discretionary plan. No
person serving as a member of an Administrator that has authority with respect to grants to Reporting Persons shall be eligible to receive any grant under the Plan which would cause
such member to cease to be “disinterested” within the meaning of Rule 16b-3.

               (iii) Administration With Respect to Consultants and Other Employees. With respect to
grants of Options to Employees or Consultants who are not Reporting Persons,

-4-

 

the Plan shall be administered by (A) the Board or (B) a committee designated by the Board, which committee shall be
constituted in such a manner as to satisfy the legal requirements relating to the administration of
incentive stock option plans, if any, of state corporate and securities laws, of the Code and of
any applicable Stock Exchange (the “Applicable Laws”). Once appointed, such Committee shall
continue to serve in its designated capacity until otherwise directed by the Board. From time to
time the Board may increase the size of the Committee and appoint additional members thereof,
remove members (with or without cause) and appoint new members in substitution therefor, fill
vacancies, however caused, and remove all members of the Committee and thereafter directly
administer the Plan, all to the extent permitted by the Applicable Laws.

          (b) Powers of the Administrator. Subject to the provisions of the Plan and in the
case of a Committee, the specific duties delegated by the Board to such Committee, and subject to
the approval of any relevant authorities, including the approval, if required, of any Stock
Exchange, the Administrator shall have the authority, in its discretion:

               (i) to determine the Fair Market Value of the Common Stock, in accordance with Section 2(m) of
the Plan;

               (ii) to select the Consultants and Employees to whom Options may from time to time be granted
hereunder;

               (iii) to determine whether and to what extent Options are granted hereunder;

               (iv) to determine the number of shares of Common Stock to be covered by each such option
granted hereunder;

               (v) to approve forms of agreement for use under the Plan;

               (vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of
any option granted hereunder;

               (vii) to determine whether and under what circumstances an Option may be settled in cash under
Section 9(d) instead of Common Stock;

               (viii) to reduce the exercise price of any Option to the then current Fair Market Value if the
Fair Market Value of the Common Stock covered by such Option shall have declined since the date the
Option was granted;

               (ix) to construe and interpret the terms of the Plan and awards granted pursuant to the Plan;

               (x) to permit the early exercise of any Option in exchange for restricted stock subject to a
Company right of repurchase; and

               (xi) in order to fulfill the purposes of the Plan and without amending the Plan, to modify
grants of Options to participants who are foreign nationals or employed

-5-

 

outside of the United States in order to recognize differences in local law, tax policies or customs.

          (c) Effect of Administrator’s Decision. All decisions, determinations and
interpretations of the Administrator shall be final and binding on all Optionees.

     5. Eligibility

          (a) Nonstatutory Stock Options may be granted to Employees and Consultants. Incentive Stock
Options may be granted only to Employees. An Employee or Consultant who has been granted an Option
may, if he or she is otherwise eligible, be granted additional Options.

          (b) Each Option shall be designated in the written option agreement as either an Incentive
Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designations, to the
extent that the aggregate Fair Market Value of the Shares with respect to which Options designated
as Incentive Stock Options are exercisable for the first time by any Optionee during any calendar
year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess
Options shall be treated as Nonstatutory Stock Options.

          (c) For purposes of Section 5(b), Incentive Stock Options shall be taken into account in the
order in which they were granted, and the Fair Market Value of the Shares subject to an Incentive
Stock Option shall be determined as of the date of the grant of such Option.

          (d) The Plan shall not confer upon any Optionee any right with respect to continuation of
employment or consulting relationship with the Company, nor shall it interfere in any way with such
Optionee’s right or the Company’s right to terminate his or her employment or consulting
relationship at any time, with or without Cause.

     6. Term of Plan. The Plan shall become effective upon the earlier to occur of its
adoption by the Board of Directors or its approval by the shareholders of the Company as described
in Section 18 of the Plan. It shall continue in effect for a term of ten (10) years unless sooner
terminated under Section 14 of the Plan.

     7. Term of Option. The term of each Option shall be the term stated in the Option
Agreement; provided, however, that the term shall be no more than ten (10) years from the date of
grant thereof or such shorter term as may be provided in the Option Agreement. However, in the
case of an Option granted to an Optionee who, at the time the Option is granted, owns stock
representing more than ten percent (10%) of the voting power of all classes of stock of the Company
or any Parent or Subsidiary, the term of the Option shall be five (5) years from the date of grant
thereof or such shorter term as may be provided in the Option Agreement.

     8. Option Exercise Price and Consideration

          (a) The per share exercise price for the Shares to be issued pursuant to exercise of an Option
shall be such price as is determined by the Board, but shall be subject to the following:

-6-

 

               (i) In the case of an Incentive Stock Option that is:

                    (A) granted to an Employee who, at the time of the grant of such Incentive Stock Option, owns
stock representing more than ten percent (10%) of the voting power of all classes of stock of the
Company or any Parent or Subsidiary, the per Share exercise price shall be no less than one hundred
ten percent (110%) of the Fair Market Value per Share on the date of grant.

                    (B) granted to any Employee, the per Share exercise price shall be no less than one hundred
percent (100%) of the Fair Market Value per Share on the date of grant.

               (ii) In the case of a Nonstatutory Stock Option, the per Share exercise price shall be such
price as determined by the Administrator provided that if such eligible person is, at the time of
the grant of such Option, a Named Executive of the Company, the per Share exercise price shall be
no less than 100% of the Fair Market Value on the date of grant if such Option is intended to
qualify as performance-based compensation under Section 162(m) of the Code.

               (iii) Notwithstanding the foregoing, Options may be granted with a per Share exercise price
other than as required above pursuant to a merger or other corporate transaction.

          (b) The consideration to be paid for the Shares to be issued upon exercise of an Option,
including the method of payment, shall be determined by the Administrator (and, in the case of an
Incentive Stock Option, shall be determined at the time of grant) and may consist entirely of (i)
cash, (ii) check, (iii) promissory note, (iv) other Shares that (x) in the case of Shares acquired
upon exercise of an Option, have been owned by the Optionee for more than six months on the date of
surrender or such other period as may be required to avoid a charge to the Company’s earnings, and
(y) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the
Shares as to which such Option shall be exercised, (v) authorization for the Company to retain from
the total number of Shares as to which the Option is exercised that number of Shares having a Fair
Market Value on the date of exercise equal to the exercise price for the total number of Shares as
to which the Option is exercised, (vi) delivery of a properly executed exercise notice together
with such other documentation as the Administrator and the broker, if applicable, shall require to
effect an exercise of the Option and delivery to the Company of the sale or loan proceeds required
to pay the exercise price and any applicable income or employment taxes, (vii) delivery of an
irrevocable subscription agreement for the Shares that irrevocably obligates the option holder to
take and pay for the Shares not more than twelve months after the date of delivery of the
subscription agreement, (viii) any combination of the foregoing methods of payment, or (ix) such other consideration and method
of payment for the issuance of Shares to the extent permitted under Applicable Laws. In making its
determination as to the type of consideration to accept, the Administrator shall consider if
acceptance of such consideration may be reasonably expected to benefit the Company.

-7-

 

     9. Exercise of Option

          (a) Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder
shall be exercisable at such times and under such conditions as determined by the Administrator,
including performance criteria with respect to the Company and/or the Optionee, and as shall be
permissible under the terms of the Plan.

               An Option may not be exercised for a fraction of a Share.

               An Option shall be deemed to be exercised when written notice of such exercise has been given
to the Company in accordance with the terms of the Option by the person entitled to exercise the
Option and the Company has received full payment for the Shares with respect to which the Option is
exercised. Full payment may, as authorized by the Board, consist of any consideration and method
of payment allowable under Section 8(b) of the Plan. Until the issuance (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the
Company) of the stock certificate evidencing such Shares, no right to vote or receive dividends or
any other rights as a shareholder shall exist with respect to the Optioned Stock, not withstanding
the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate
promptly upon exercise of the Option. No adjustment will be made for a dividend or other right for
which the record date is prior to the date the stock certificate is issued, except as provided in
Section 11 of the Plan.

               Exercise of an Option in any manner shall result in a decrease in the number of Shares that
thereafter may be available, both for purposes of the Plan and for sale under the Option, by the
number of Shares as to which the Option is exercised.

          (b) Termination of Employment or Consulting Relationship. Except as otherwise set
forth in this Section 9(b), the Administrator shall establish and set forth in the applicable
Option Agreement the terms and conditions upon which an Option shall remain exercisable, if at all,
following termination of an Optionee’s Continuous Status, which provisions may be waived or
modified by the Administrator at any time in the Administrator’s sole discretion. To the extent
that the Optionee is not entitled to exercise an Option at the date of his or her termination of
Continuous Status, or if the Optionee (or other person entitled to exercise the Option) does not
exercise the Option to the extent so entitled within the time specified in the Option Agreement or
below (as applicable), the Option shall terminate and the Optioned Stock underlying the unexercised
portion of the Option shall revert to the Plan. In no event may any Option be exercised after the
expiration of the Option term as set forth in the Option Agreement (and subject to Section 7).

          The following provisions (1) shall apply to the extent an Option Agreement does not specify
the terms and conditions upon which an Option shall terminate upon termination of an Optionee’s Continuous Status, and (2) establish the minimum post-termination exercise
periods that may be set forth in an Option Agreement:

               (i) Termination other than Upon Disability or Death or for Cause. In the event of
termination of an Optionee’s Continuous Status, such Optionee may exercise an Option for 30 days
following such termination to the extent the Optionee was entitled to exercise

-8-

 

it at the date of such termination. No termination shall be deemed to occur and this Section 9(b)(i) shall not apply
if (i) the Optionee is a Consultant who becomes an Employee, or (ii) the Optionee is an Employee
who becomes a Consultant.

               (ii) Disability of Optionee. In the event of termination of an Optionee’s Continuous
Status as a result of his or her disability within the meaning of Section 22(e)(3) of the Code,
such Optionee may exercise an Option at any time within twelve months following such termination to
the extent the Optionee was entitled to exercise it at the date of such termination.

               (iii) Death of Optionee. In the event of the death of an Optionee during the period
of Continuous Status since the date of grant of the Option, or within thirty days following
termination of Optionee’s Continuous Status, the Option may be exercised by Optionee’s estate or by
a person who acquired the right to exercise the Option by bequest or inheritance at any time within
twelve months following the date of death, but only to the extent of the right to exercise that had
accrued at the date of death or, if earlier, the date the Optionee’s Continuous Status terminated.

               (iv) Termination for Cause. In the event of termination of an Optionee’s Continuous
Status for Cause, any Option (including any exercisable portion thereof) held by such Optionee
shall immediately terminate in its entirety upon first notification to the Optionee of termination
of the Optionee’s Continuous Status. If an Optionee’s employment or consulting relationship with
the Company is suspended pending an investigation of whether the Optionee shall be terminated for
Cause, all the Optionee’s rights under any Option likewise shall be suspended during the
investigation period and the Optionee shall have no right to exercise any Option. This Section
9(b)(iv) shall apply with equal effect to vested Shares acquired upon exercise of an Option granted
prior to the date, if any, upon which the Common Stock becomes a Listed Security to a person other
than an officer, Director or Consultant, in that the Company shall have the right to repurchase
such Shares from the Optionee upon the following terms: (A) the repurchase is made within 90 days
of termination of the Optionee’s Continuous Status for Cause at the Fair Market Value of the Shares
as of the date of termination, (B) consideration for the repurchase consists of cash or
cancellation of purchase money indebtedness, and (C) the repurchase right terminates upon the
effective date of the Company’s initial public offering of its Common Stock. With respect to
vested Shares issued upon exercise of an Option granted to any officer, Director or Consultant, the
Company’s right to repurchase such Shares upon termination of the Optionee’s Continuous Status for
Cause shall be made at the Optionee’s original cost for the Shares and shall be effected pursuant
to such terms and conditions, and at such time, as the Administrator shall determine. Nothing in
this Section 9(b)(iv) shall in any way limit the Company’s right to purchase unvested Shares issued
upon exercise of an Option as set forth in the applicable Option Agreement.

          (c) Rule 16b-3. Options granted to Reporting Persons shall comply with Rule 16b-3 and
shall contain such additional conditions or restrictions as may be required thereunder to qualify
for the maximum exemption for Plan transactions.

          (d) Buyout Provisions. The Administrator may at any time offer to buy out for a
payment in cash or Shares, an Option previously granted, based on such terms and

-9-

 

conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made.

     10. Stock Withholding to Satisfy Withholding Tax Obligations.

          (a) As a condition of the exercise of an Option granted under the Plan, the Optionee (or in
the case of the Optionee’s death, the person exercising the Option) shall make such arrangements as
the Administrator may require for the satisfaction of any applicable federal, state, local or
foreign withholding tax obligations that may arise in connection with the exercise of the Option
and the issuance of Shares. The Company shall not be required to issue any Shares under the Plan
until such obligations are satisfied. If the Administrator allows the withholding or surrender of
Shares to satisfy an Optionee’s tax withholding obligations under this Section 10 (whether pursuant
to Section 10(c), (d) or (e), or otherwise), the Administrator shall not allow Shares to be
withheld in an amount that exceeds the minimum statutory withholding rates for federal and state
tax purposes, including payroll taxes.

          (b) In the case of an Employee and in the absence of any other arrangement, the Employee shall
be deemed to have directed the Company to withhold or collect from his or her compensation an
amount sufficient to satisfy such tax obligations from the next payroll payment otherwise payable
after the date of an exercise of the Option.

          (c) This Section 10(c) shall apply only after the date, if any, upon which the Common Stock
becomes a Listed Security. In the case of Optionee other than an Employee (or in the case of an
Employee where the next payroll payment is not sufficient to satisfy such tax obligations, with
respect to any remaining tax obligations), in the absence of any other arrangement and to the
extent permitted under the Applicable Laws, the Optionee shall be deemed to have elected to have
the Company withhold from the Shares to be issued upon exercise of the Option that number of Shares
having a Fair Market Value determined as of the applicable Tax Date (as defined below) equal to the
amount required to be withheld. For purposes of this Section 10, the Fair Market Value of the
Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to
be determined under the Applicable Laws (the “Tax Date”).

          (d) If permitted by the Administrator, in its discretion, an Optionee may satisfy his or her
tax withholding obligations upon exercise of an Option by surrendering to the Company Shares that
have a Fair Market Value determined as of the applicable Tax Date equal to the amount required to
be withheld. In the case of shares previously acquired from the Company that are surrendered under
this Section 10(d), such Shares must have been owned by the Optionee for more than six (6) months
on the date of surrender (or such other period of time as is required for the Company to avoid
adverse accounting charges).

          (e) Any election or deemed election by an Optionee to have Shares withheld to satisfy tax
withholding obligations under Section 10(c) or (d) above shall be irrevocable as to the particular
Shares as to which the election is made and shall be subject to the consent or disapproval of the
Administrator. Any election by an Optionee under Section 11(d) above must be made on or prior to
the applicable Tax Date.

-10-

 

          (f) In the event an election to have Shares withheld is made by an Optionee and the Tax Date
is deferred under Section 83 of the Code because no election is filed under Section 83(b) of the
Code, the Optionee shall receive the full number of Shares with respect to which the Option is
exercised but such Optionee shall be unconditionally obligated to tender back to the Company the
proper number of Shares on the Tax Date.

     11. Adjustments Upon Changes in Capitalization; Corporate Transactions

          (a) Changes in Capitalization. Subject to any required action by the shareholders of
the Company, the number of shares of Common Stock covered by each outstanding Option, and the
number of shares of Common Stock that have been authorized for issuance under the Plan but as to
which no Options have yet been granted or that have been returned to the Plan upon cancellation or
expiration of an Option, as well as the price per share of Common Stock covered by each such
outstanding Option, shall be proportionately adjusted for any increase or decrease in the number of
issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend,
combination, recapitalization or reclassification of the Common Stock, or any other increase or
decrease in the number of issued shares of Common Stock effected without receipt of consideration
by the Company; provided, however, that conversion of any convertible securities of the Company
shall not be deemed to have been “effected without receipt of consideration.” Such adjustment
shall be made by the Board, whose determination in that respect shall be final, binding and
conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of
any class, or securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price of shares of Common
Stock subject to an Option.

          (b) Dissolution or Liquidation. In the event of the proposed dissolution or
liquidation of the Company, the Option will terminate immediately prior to the consummation of such
proposed action, unless otherwise provided by the Administrator. The Administrator may, in the
exercise of its sole discretion in such instances, declare that any Option shall terminate as of a
date fixed by the Administrator and give each Optionee the right to exercise his or her Option as
to all of the Optioned Stock, including Shares as to which the Option would not otherwise be
exercisable.

          (c) Acquisition, Merger or Change in Control

               (i) In the event of a proposed sale of all or substantially all of the assets of the Company,
or the merger of the Company with or into another corporation, or other change in control (a
“Change in Control”), the exercisability of each outstanding Option shall automatically be
accelerated completely so that one hundred percent (100%) of the number of shares of Common Stock
covered by such Option shall be fully vested upon the consummation of the Change in Control; provided, however, that each outstanding Option shall automatically be
accelerated by only fifty percent (50%) of the number of shares of Common Stock covered by such
Option that are unvested at the consummation of the Change in Control if and to the extent: (A)
such Option is either to be assumed by the successor corporation at the consummation of the Change
of Control or be replaced with a comparable option to purchase shares of the capital stock of the
successor corporation at the consummation of the Change in

-11-

 

Control, or (B) such Option is to be replaced by a comparable cash incentive program of the successor corporation based on the value of
the Option at the time of the consummation of the Change in Control, or (C) the acceleration of
such Option is subject to other limitations imposed by the Administrator at the time of grant.

               (ii) With respect to executive officers, as designated by the Administrator, the
exercisability of each outstanding Option held by such executive officer shall be accelerated
completely so that one hundred percent (100%) of the number of shares of Common Stock covered by
such Option are fully vested if the termination of such executive officer is without Cause or a
Constructive Termination within twelve (12) months after the consummation of a Change in Control.

               (iii) The Administrator shall have the authority, in the Administrator’s sole discretion, to
provide for the automatic acceleration of any outstanding Option upon the occurrence of a Change in
Control.

     12. Non-Transferability of Options. Options may not be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or by the laws of
descent or distribution and may be exercised or purchased during the lifetime of the Optionee, only
by the Optionee.

     13. Time of Granting Options. The date of grant of an Option shall, for all purposes,
be the date on which the Administrator makes the determination granting such Option, or such other
date as is determined by the Board. Notice of the determination shall be given to each Employee or
Consultant to whom an Option is so granted within a reasonable time after the date of such grant.

     14. Amendment and Termination of the Plan

          (a) Amendment and Termination. The Board may at any time amend, alter, suspend or
discontinue the Plan, but no amendment, alteration, suspension or discontinuation shall be made
that would impair the rights of any Optionee under any grant theretofore made, without his or her
consent. In addition, to the extent necessary and desirable to comply with Rule 16b-3 or with
Section 422 of the Code (or any other applicable law or regulation, including the requirements of
any Stock Exchange), the Company shall obtain shareholder approval of any Plan amendment in such a
manner and to such a degree as required.

          (b) Effect of Amendment or Termination. No amendment or termination of the Plan shall
adversely affect Options already granted, unless mutually agreed otherwise between the Optionee and the Board, which agreement must be in writing and signed by the
Optionee and the Company.

     15. Conditions Upon Issuance of Shares. Shares shall not be issued pursuant to the
exercise of an Option unless the exercise of such Option and the issuance and delivery of such
Shares pursuant thereto shall comply with all relevant provisions of law, including, without
limitation, the Securities Act of 1933, as amended, the Exchange Act, the rules and regulations
promulgated thereunder, and the requirements of any Stock Exchange.

-12-

 

          As a condition to the exercise of an Option, the Company may require the person exercising
such Option to represent and warrant at the time of any such exercise that the Shares are being
purchased only for investment and without any present intention to sell or distribute such Shares
if, in the opinion of counsel for the Company, such a representation is required by law.

     16. Reservation of Shares. The Company, during the term of this Plan, will at all
times reserve and keep available such number of Shares as shall be sufficient to satisfy the
requirements of the Plan. The inability of the Company to obtain authority from any regulatory
body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the
lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite authority shall not
have been obtained.

     17. Agreements. Options shall be evidenced by written agreements in such form as the
Administrator shall approve from time to time.

     18. Shareholder Approval. Continuance of the Plan shall be subject to approval by the
shareholders of the Company within twelve (12) months before or after the date the Plan is adopted.
Such shareholder approval shall be obtained in the degree and manner required under applicable
state and federal law and the rules of any Stock Exchange upon which the Common Stock is listed.
All Options issued under the Plan shall become void in the event such approval is not obtained.

     19. Information to Optionees. To the extent required by Applicable Laws, the Company
shall provide financial statements at least annually to each Optionee during the period such
Optionee has one or more Options outstanding. The Company shall not be required to provide such
information if the issuance of Options under the Plan is limited to key employees whose duties in
connection with the Company assure their access to equivalent information.

     20. Awards Granted to California Residents. Prior to the date, if any, upon which the
Common Stock becomes a Listed Security, Options granted under the Plan to persons resident in
California shall be subject to the provisions set forth in Attachment A hereto. To the
extent the provisions of the Plan conflict with the provisions set forth on Attachment A,
the provisions in Attachment A shall govern the terms of such Options.

-13-

 

Attachment A

Provisions Applicable to Option Recipients

Resident in California

     Until such time as any security of the Company becomes a Listed Security and if required by
applicable laws, the following additional terms shall apply to Options, and Shares issued upon
exercise of such Options, granted under the Amended and Restated 1998 Stock Option Plan (the
“Plan”) to persons resident in California as of the grant date of any such Option (each
such person, a “California Recipient”):

     1. In the case of an Option, whether an Incentive Stock Option or a Nonqualified Stock Option,
that is granted to a California Recipient who, at the time of the grant of such Option, owns stock
representing more than 10% of the total combined voting power of all classes of stock of the
Company or any Parent or Subsidiary, the per Share exercise price shall be no less than 110% of the
Fair Market Value on the grant date.

     2. In the case of a Nonqualified Stock Option that is granted to any other California
Recipient, the per Share exercise price shall be no less than 85% of the Fair Market Value per
Share on the grant date.

     3. With respect to an Option issued to any California Recipient who is not an Officer,
Director or Consultant, such Option shall become exercisable, or any repurchase option in favor of
the Company shall lapse, at the rate of at least 20% per year over five years from the grant date.

     4. The following rules shall apply to an Option issued to any California Recipient or to stock
issued to a California Recipient upon exercise of an Option, in the event of termination of the
California Recipient’s employment or services with the Company:

          (a) If such termination was for reasons other than death or disability, the California
Recipient shall have at least 30 days after the date of such termination (but in no event later
than the expiration of the term of such Option established by the Plan Administrator as of the
grant date) to exercise such Option.

          (b) If such termination was on account of the death or disability of the California Recipient,
the holder of the Option may, but only within six months from the date of such termination (but in
no event later than the expiration date of the term of such Option established by the Plan
Administrator as of the grant date), exercise the Option to the extent the California Recipient was
otherwise entitled to exercise it at the date of such termination. To the extent that the
California Recipient was not entitled to exercise the Option at the date of termination, or if the
holder does not exercise such Option to the extent so entitled within six months from the date of
termination, the Option shall terminate and the Common Stock underlying the unexercised portion of
the Option shall revert to the Plan.

          (c) Section 9(b)(iv) of the Plan shall apply with equal effect to vested Shares acquired upon
exercise of an Option granted prior to the date, if any, upon which the Common Stock becomes a Listed Security to a person other than an Officer, Director or Consultant, in
that

-14-

 

the Company shall have the right to repurchase such Shares from the Optionee upon the
following terms: (A) the repurchase is made within 90 days of termination of the Optionee’s
Continuous Status for Cause at the Fair Market Value of the Shares as of the date of termination,
(B) consideration for the repurchase consists of cash or cancellation of purchase money
indebtedness, and (C) the repurchase right terminates upon the effective date of the Company’s
initial public offering of its Common Stock. With respect to vested Shares issued upon exercise of
an Option granted to any Officer, Director or Consultant, the Company’s right to repurchase such
Shares upon termination of the Optionee’s Continuous Status for Cause shall be made at the
Participant’s original cost for the Shares and shall be effected pursuant to such terms and
conditions, and at such time, as the Administrator shall determine. Nothing in this Section
9(b)(iv) shall in any way limit the Company’s right to purchase unvested Shares issued upon
exercise of an Option as set forth in the applicable Option Agreement.

     5. The Company shall provide financial statements at least annually to each California
Recipient during the period such person has one or more Options outstanding, and in the case of an
individual who acquired Shares pursuant to the Plan, during the period such individual owns such
Shares. The Company shall not be required to provide such information if the issuance of awards
under the Plan is limited to key employees whose duties in connection with the Company assure their
access to equivalent information.

     6. Unless defined below or otherwise in this Attachment, Capitalized terms shall have the
meanings set forth in the Plan. For purposes of this Attachment, “Officer” means a person who is
an officer of the Company within the meaning of Section 16(a) of the Exchange Act and the rules and
regulations promulgated thereunder.

-15-exv10w3

 

 Exhibit
10.3

OMEROS CORPORATION

SECOND AMENDED AND RESTATED 1998 STOCK OPTION PLAN

NOTICE OF STOCK OPTION GRANT

«Optionee» (“Optionee”)

«OptioneeAddress1»

«OptioneeAddress2»

     You have been granted an option to purchase Common Stock of Omeros Corporation (the “Company”)
as follows:

	 	 	 	 
	 	Date of Grant (Later of Board
Approval Date or Commencement
of Employment/Consulting):
	 	«GrantDate»
	 	 	 	 
	 	Vesting Commencement Date:
	 	«VestingCommenceDate»
	 	 	 	 
	 	Exercise Price per Share:
	 	$«ExercisePrice»
	 	 	 	 
	 	Total Number of Shares Granted:
	 	«NoOfShares»
	 	 	 	 
	 	Type of Option:
	 	«Type»
	 	 	 	 
	 	Term/Expiration Date:
	 	«ExpirDate»
	 	 	 	 
	 	Vesting Schedule:
	 	This Option may be exercised, in whole or in part, in accordance with the

following vesting schedule: «Vesting»
	 	 	 	 
	 	Termination Period:
	 	Option may be exercised for ninety (90) days after termination of
employment or consulting relationship except as set out in Sections 6 and 7 of the
Stock Option Agreement (but in no event later than the Expiration Date).

 

 

     This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original and all of which together shall constitute one document.

     OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE OPTION HEREOF IS
EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT
OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER
ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS AGREEMENT OR IN THE COMPANY’S STOCK OPTION PLAN SHALL
CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE
COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO
TERMINATE OPTIONEE’S EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE.

     This option is granted under and governed by the terms and conditions of the Second Amended
and Restated 1998 Stock Option Plan (the “Plan”) and the Stock Option Agreement, both of
which are attached and incorporated in their entireties into this document. By your signature, you
acknowledge receipt of a copy of the Plan and the Stock Option Agreement, and represent that you
are familiar with the terms and provisions thereof, and hereby accept this Option subject to all of
the terms and provisions thereof. You further acknowledge that you have reviewed the Plan, the
Stock Option Agreement and this Option in their entirety, have had an opportunity to obtain the
advice of counsel prior to executing this Option and fully understand all provisions of this
Option. You hereby agree to accept as binding, conclusive and final all decisions or
interpretations of the Administrator (as defined in the Plan) upon any questions arising under the
Plan, the Stock Option Agreement or this Option.

	 	 	 	 	 	 	 
	«Optionee»:	 	 	 	Omeros Corporation
	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	Signature

	 	 	 	 	 	Gregory A. Demopulos, M.D.
	 

	 	 	 	 	 	Chief Executive Officer
	 
	 	 	 	 	 	 
	 

Print Name

	 	 
	 	 	 	 

-2-

 

OMEROS CORPORATION

SECOND AMENDED AND RESTATED 1998 STOCK OPTION PLAN

STOCK OPTION AGREEMENT

     1. Grant of Option. Omeros Corporation, a Washington corporation (the “Company”),
hereby grants to Optionee, an option (the “Option”) to purchase a total number of shares of Common
Stock (the “Shares”) set forth in the Notice of Stock Option Grant, at the exercise price per share
set forth in the Notice of Stock Option Grant (the “Exercise Price”) subject to the terms,
definitions and provisions of the Omeros Corporation Second Amended and Restated 1998 Stock Option
Plan (the “Plan”) adopted by the Company, which is incorporated herein by reference. Unless
otherwise defined herein, capitalized terms used herein shall have the same meaning as set forth in
the Notice of Stock Option Grant or Plan.

          If designated an Incentive Stock Option, this Option is intended to qualify as an Incentive
Stock Option as defined in Section 422 of the Code.

     2. Exercise of Option. This Option shall be exercisable during its Term in accordance
with the Vesting Schedule set out in the Notice of Stock Option Grant and with the provisions of
Section 9 of the Plan as follows:

          (a) Right to Exercise

               (i) This Option may not be exercised for a fraction of a share.

               (ii) In the event of Optionee’s death, disability or other termination of employment, the
exercisability of the Option is governed by Sections 5, 6 and 7 below, subject to the limitation
contained in Section 2(a)(i).

               (iii) In no event may this Option be exercised after the date of expiration of the term of
this Option as set forth in the Notice of Stock Option Grant.

          (b) Method of Exercise. This Option shall be exercisable by execution and delivery of
the Exercise Notice and Restricted Stock Purchase Agreement attached hereto as Exhibit A
(the “Exercise Agreement”) or of any other form of written notice approved for such purpose by the
Company which shall state the election to exercise the Option, the number of Shares in respect of
which the Option is being exercised, and such other representations and agreements as to the
holder’s investment intent with respect to such shares of Common Stock as may be required by the
Company pursuant to the provisions of the Plan. Such written notice shall be signed by Optionee
and shall be delivered in person or by certified mail to the Secretary of the Company. The written
notice shall be accompanied by payment of the Exercise Price. This Option shall be deemed to be
exercised upon receipt by the Company of such written notice accompanied by the Exercise Price.

 

 

                    No Shares will be issued pursuant to the exercise of an Option unless such issuance and such
exercise shall comply with all relevant provisions of applicable law and the requirements of any
stock exchange upon which the Shares may then be listed. Assuming such compliance, for income tax
purposes the Shares shall be considered transferred to Optionee on the date on which the Option is
exercised with respect to such Shares.

     3. Method of Payment. Payment of the Exercise Price shall be by any of the following,
or a combination thereof, at the election of Optionee:

          (a) cash;

          (b) check;

          (c) surrender of other shares of Common Stock of the Company which (i) in the case of Shares
acquired pursuant to the exercise of a Company option, have been owned by Optionee for more than
six (6) months on the date of surrender, and (ii) have a fair market value on the date of surrender
equal to the Exercise Price of the Shares as to which the Option is being exercised; or

          (d) if there is a public market for the Shares and they are registered under the Securities
Act of 1933, as amended (the “Securities Act”), delivery of a properly executed exercise notice
together with irrevocable instructions to a broker to deliver promptly to the Company the amount of
sale or loan proceeds required to pay the exercise price.

     4. Restrictions on Exercise. This Option may not be exercised until such time as the
Plan has been approved by the shareholders of the Company, or if the issuance of such Shares upon
such exercise or the method of payment of consideration for such shares would constitute a
violation of any applicable federal or state securities or other law or regulation, including any
rule under Part 207 of Title 12 of the Code of Federal Regulations as promulgated by the Federal
Reserve Board. As a condition to the exercise of this Option, the Company may require Optionee to
make any representation and warranty to the Company as may be required by any applicable law or
regulation.

     5. Termination of Relationship. In the event of termination of Optionee’s Continuous
Status as an Employee or Consultant, Optionee may, to the extent otherwise so entitled at the date
of such termination (the “Termination Date”), exercise this Option during the Termination Period
set forth in the Notice of Stock Option Grant. To the extent that Optionee was not entitled to
exercise this Option at such Termination Date, or if Optionee does not exercise this Option within
the Termination Period, the Option shall terminate.

     6. Disability of Optionee

          (a) Notwithstanding the provisions of Section 5 above, in the event of termination of
Optionee’s Continuous Status as an Employee or Consultant as a result of his or her total and
permanent disability (as defined in Section 22(e)(3) of the Code), Optionee may, but only within
twelve (12) months from the Termination Date (but in no event later than the

-2-

 

Expiration Date set forth in the Notice of Stock Option Grant and in Section 9 below),
exercise this Option to the extent Optionee was entitled to exercise it as of such Termination
Date. To the extent that Optionee was not entitled to exercise the Option as of the Termination
Date, or if Optionee does not exercise the Option (to the extent so entitled) within the time
specified in this Section 6(a), the Option shall terminate.

          (b) Notwithstanding the provisions of Section 5 above, in the event of termination of
Optionee’s Continuous Status as an Employee or Consultant as a result of any disability not
constituting a total and permanent disability (as set forth in Section 22(e)(3) of the Code),
Optionee may, but only within six (6) months from the Termination Date (but in no event later than
the Expiration Date set forth in the Notice of Stock Option Grant and in Section 9 below), exercise
this Option to the extent Optionee was entitled to exercise it as of such Termination Date;
provided, however, that if this is an Incentive Stock Option and Optionee fails to exercise this
Incentive Stock Option within three (3) months from the Termination Date, this Option will cease to
qualify as an Incentive Stock Option (as defined in Section 422 of the Code) and Optionee will be
treated for federal income tax purposes as having received ordinary income at the time of such
exercise in an amount generally measured by the difference between the Exercise Price for the
Shares and the fair market value of the Shares on the date of exercise. To the extent that
Optionee was not entitled to exercise the Option at the Termination Date, or if Optionee does not
exercise the Option to the extent so entitled within the time specified in this Section 6(b), the
Option shall terminate.

     7. Death of Optionee. In the event of the death of Optionee (a) during the Term of
this Option and while an Employee or Consultant of the Company and having been in Continuous Status
as an Employee or Consultant since the date of grant of the Option, or (b) within thirty (30) days
after Optionee’s Termination Date, the Option may be exercised at any time within six (6) months
following the date of death (but in no event later than the Expiration Date set forth in the Notice
of Stock Option Grant and in Section 9 below), by Optionee’s estate or by a person who acquired
the right to exercise the Option by bequest or inheritance, but only to the extent of the right to
exercise that had accrued at the Termination Date.

     8. Non-Transferability of Option. This Option may not be transferred in any manner
otherwise than by will or by the laws of descent or distribution and may be exercised during the
lifetime of Optionee only by him or her. The terms of this Option shall be binding upon the
executors, administrators, heirs, successors and assigns of Optionee.

     9. Term of Option. This Option may be exercised only within the Term set forth in the
Notice of Stock Option Grant, subject to the limitations set forth in Section 7 of the Plan.

     10. Tax Consequences. Set forth below is a brief summary as of the date of this
Option of certain of the federal tax consequences of exercise of this Option and disposition of the
Shares under the laws in effect as of the Date of Grant. THIS SUMMARY IS NECESSARILY INCOMPLETE,
AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO

-3-

 

CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISER
BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

          (a) Exercise of Incentive Stock Option. If this Option qualifies as an Incentive
Stock Option, there will be no regular federal income tax liability upon the exercise of the
Option, although the excess, if any, of the fair market value of the Shares on the date of exercise
over the Exercise Price will be treated as an adjustment to the alternative minimum tax for federal
tax purposes and may subject Optionee to the alternative minimum tax in the year of exercise.

          (b) Exercise of Nonstatutory Stock Option. If this Option does not qualify as an
Incentive Stock Option, there may be a regular federal income tax liability upon the exercise of
the Option. Optionee will be treated as having received compensation income (taxable at ordinary
income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date
of exercise over the Exercise Price. If Optionee is an employee, the Company will be required to
withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing
authorities an amount equal to a percentage of this compensation income at the time of exercise.

          (c) Disposition of Shares. In the case of a Nonstatutory Stock Option, if the Shares
are held for at least one (1) year, any gain realized on disposition of the Shares will be treated
as long-term capital gain for federal income tax purposes. In the case of an Incentive Stock
Option, if Shares transferred pursuant to the Option are held for at least one (1) year after
exercise and are disposed of at least two (2) years after the Date of Grant, any gain realized on
disposition of the Shares will also be treated as long-term capital gain for federal income tax
purposes. If Shares purchased under an Incentive Stock Option are disposed of within such one (1)
year period or within two (2) years after the Date of Grant, any gain realized on such disposition
will be treated as compensation income (taxable at ordinary income rates) to the extent of the
difference between the Exercise Price and the lesser of (i) the fair market value of the Shares on
the date of exercise, or (ii) the sale price of the Shares.

          (d) Notice of Disqualifying Disposition of Incentive Stock Option Shares. If the
Option granted to Optionee herein is an Incentive Stock Option, and if Optionee sells or otherwise
disposes of any of the Shares acquired pursuant to such Incentive Stock Option on or before the
later of (i) the date two (2) years after the Date of Grant, or (ii) the date one (1) year after
the date of exercise, Optionee shall immediately notify the Company in writing of such disposition.
Optionee acknowledges and agrees that he or she may be subject to income tax withholding by the
Company on the compensation income recognized by Optionee from the early disposition by payment in
cash or out of the current earnings paid to Optionee.

     11. Withholding Tax Obligations. Optionee understands that, upon exercising a
Nonstatutory Stock Option, he or she will recognize income for tax purposes in an amount equal to
the excess of the then fair market value of the Shares over the Exercise Price. However, the
timing of this income recognition may be deferred for up to six (6) months if Optionee is subject
to Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). If Optionee
is an employee, the Company will be required to withhold from Optionee’s

-4-

 

compensation, or collect
from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this
compensation income. Additionally, Optionee may at some point be required to satisfy tax
withholding obligations with respect to the disqualifying disposition of an Incentive Stock Option.
Optionee shall satisfy his or her tax withholding obligation arising upon the exercise of this Option by one or some combination of the following methods: (a) by cash
payment, (b) out of Optionee’s current compensation, (c) if permitted by the Administrator, in its
discretion, by surrendering to the Company Shares which (i) in the case of Shares previously
acquired from the Company, have been owned by Optionee for more than six (6) months on the date of
surrender, and (ii) have a fair market value on the date of surrender equal to or greater than
Optionee’s marginal tax rate times the ordinary income recognized, or (d) by electing to have the
Company withhold from the Shares to be issued upon exercise of the Option that number of Shares
having a fair market value equal to the amount required to be withheld. For this purpose, the fair
market value of the Shares to be withheld shall be determined on the date that the amount of tax to
be withheld is to be determined (the “Tax Date”).

          If Optionee is subject to Section 16 of the Exchange Act (an “Insider”), any surrender of
previously owned Shares to satisfy tax withholding obligations arising upon exercise of this Option
must comply with the applicable provisions of Rule 16b-3 promulgated under the Exchange Act (“Rule
16b-3”).

          All elections by Optionee to have Shares withheld to satisfy tax withholding obligations shall
be made in writing in a form acceptable to the Administrator and shall be subject to the following
restrictions:

          (a) the election must be made on or prior to the applicable Tax Date;

          (b) once made, the election shall be irrevocable as to the particular Shares of the Option as
to which the election is made; and

          (c) all elections shall be subject to the consent or disapproval of the Administrator.

     12. Market Standoff Agreement. In connection with the initial public offering of the
Company’s securities and upon request of the Company or the underwriters managing any underwritten
offering of the Company’s securities, Optionee hereby agrees not to sell, make any short sale of,
loan, grant any option for the purchase of, or otherwise dispose of any Shares (other than those
included in the registration) without the prior written consent of the Company or such
underwriters, as the case may be, for such period of time (not to exceed one hundred eighty (180)
days) from the effective date of such registration as may be requested by the Company or such
managing underwriters and to execute an agreement reflecting the foregoing as may be requested by
the underwriters at the time of the public offering.

     13. Miscellaneous

          (a) Governing Law. This Stock Option Agreement, together with the related Notice of
Stock Option Grant (collectively this “Agreement”), and all acts and transactions

-5-

 

pursuant hereto
and the rights and obligations of the parties hereto shall be governed, construed and interpreted
in accordance with the laws of the State of Washington, without giving effect to principles of
conflicts of law.

          (b) Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire
agreement and understanding of the parties relating to the subject matter herein and merges all
prior discussions between them. No modification of or amendment to this Agreement, nor any waiver
of any rights under this Agreement, shall be effective unless in writing signed by the parties to
this Agreement. The failure by either party to enforce any rights under this Agreement shall not
be construed as a waiver of any rights of such party.

          (c) Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, the parties agree to renegotiate such provision in good faith.
In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of
the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of
the Agreement shall be enforceable in accordance with its terms.

          (d) Construction. This Agreement has been reviewed by each of the parties hereto and
is the result of negotiations between each of the parties hereto and their respective counsel, if
any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto,
and no ambiguity shall be construed in favor of or against any one of the parties hereto.

          (e) Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be deemed sufficient when delivered personally or sent by telegram or fax or forty-eight
(48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage
prepaid, and addressed to the party to be notified at such party’s address as set forth below or as
subsequently modified by written notice.

          (f) Successors and Assigns. The rights and benefits of this Agreement shall inure to
the benefit of, and be enforceable by the Company’s successors and assigns. The rights and
obligations of Optionee under this Agreement may only be assigned with the prior written consent of
the Company.

          (g) Arbitration. The parties agree to attempt in good faith to negotiate a settlement
of any and all controversies, claims, or disputes arising out of, relating to, or resulting from
this Agreement. If, after such good faith negotiation, the parties are not able to reach a
settlement, any and all of such controversies, claims, or disputes arising out of, relating to, or
resulting from this Agreement shall be subject to binding arbitration. Such arbitration shall take
place in Seattle, Washington and will be administered by the American Arbitration Association
(“AAA”) in accordance with its Rules for the Resolution of Commercial Disputes. The
parties agree that the arbitrator shall have the power to decide any motions brought by any party
to the arbitration, including motions for summary judgment and/or adjudication and motions to
dismiss and demurrers, prior to any arbitration hearing. The parties also agree that the
arbitrator shall have the power to award any remedies, including attorneys’ fees and costs,
available under

-6-

 

applicable law, provided that the prevailing party in any arbitration shall be
entitled to its reasonable attorneys fees and costs. The decision of the arbitrator shall be in
writing. Arbitration shall be the sole, exclusive and final remedy for any dispute under this
Agreement and the decision of the arbitrator may be entered by a party in any court or forum, state
or federal, being of
competent jurisdiction. Accordingly, no party will be permitted to pursue court action
regarding this Agreement except as expressly permitted in the preceding sentence. Notwithstanding
the foregoing, each party retains the right to seek injunctive relief to prevent a breach,
threatened breach or continuing breach of this Agreement that would cause irreparable injury to
such party.

-7-

 

Exhibit A

OMEROS
CORPORATION

SECOND
AMENDED AND RESTATED 1998 STOCK OPTION PLAN

EXERCISE NOTICE AND RESTRICTED STOCK PURCHASE AGREEMENT

     This Agreement (“Agreement”) is made as of ___, by and between Omeros Corporation,
a Washington corporation (the “Company”), and Optionee (also referred to as “Purchaser”). To the
extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Second Amended and Restated 1998 Stock Option Plan.

     1. Exercise of Option. Subject to the terms and conditions hereof, Purchaser hereby
elects to exercise his or her option to purchase ___ shares of the Common Stock (the
“Shares”) of the Company under and pursuant to the Company’s Second Amended and Restated 1998 Stock
Option Plan (the “Plan”) and the Stock Option Agreement
dated ___ (the “Option
Agreement”). The purchase price for the Shares shall be
$      per Share for a total purchase
price of $___. The term “Shares” refers to the purchased Shares and all securities
received in replacement of the Shares or as stock dividends or splits, all securities received in
replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and
all new, substituted or additional securities or other properties to which Purchaser is entitled by
reason of Purchaser’s ownership of the Shares.

     2. Time and Place of Exercise. The purchase and sale of the Shares under this
Agreement shall occur at the principal office of the Company simultaneously with the execution of
this Agreement in accordance with the provisions of Section 2(b) of the Option Agreement. On such
date, the Purchaser will deliver payment of the purchase price therefor by (a) check made payable
to the Company, (b) cancellation of indebtedness of the Company to Purchaser, (c) delivery of
shares of the Common Stock of the Company in accordance with Section 3 of the Option Agreement, or
(d) by a combination of the foregoing.

     3. Limitations on Transfer. In addition to any other limitation on transfer created
by applicable securities laws, Purchaser shall not assign, encumber or dispose of any interest in
the Shares except in compliance with the provisions below and applicable securities laws.

          (a) Right of First Refusal. Before any Shares held by Purchaser or any transferee of
Purchaser (either being sometimes referred to herein as the “Holder”) may be sold or otherwise
transferred (including transfer by gift or operation of law), the Company or its assignee(s) shall
have a right of first refusal to purchase the Shares on the terms and conditions set forth in this
Section 3(a) (the “Right of First Refusal”).

               (i) Notice of Proposed Transfer. The Holder of the Shares shall deliver to the
Company a written notice (the “Notice”) stating: (A) the Holder’s bona fide
intention to sell or otherwise transfer such Shares; (B) the name of each proposed purchaser
or

 

 

other transferee (“Proposed Transferee”); (C) the number of Shares to be transferred to each
Proposed Transferee; and (D) the terms and conditions of each proposed sale or transfer. The
Holder shall offer the Shares at the same price (the “Offered Price”) and upon the same terms (or
terms as similar as reasonably possible) to the Company or its assignee(s).

               (ii) Exercise of Right of First Refusal. At any time within thirty (30) days after
receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the
Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to
any one or more of the Proposed Transferees, at the purchase price determined in accordance with
subsection (iii) below.

               (iii) Purchase Price. The purchase price (“Purchase Price”) for the Shares purchased
by the Company or its assignee(s) under this Section 3(a) shall be the Offered Price. If the
Offered Price includes consideration other than cash, the cash equivalent value of the non-cash
consideration shall be determined by the Board of Directors of the Company in good faith.

               (iv) Payment. Payment of the Purchase Price shall be made, at the option of the
Company or its assignee(s), in cash (by check), by cancellation of all or a portion of any
outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an
assignee, to the assignee), or by any combination thereof within thirty (30) days after receipt of
the Notice or in the manner and at the times set forth in the Notice.

               (v) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be
transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s)
as provided in this Section 3(a), then the Holder may sell or otherwise transfer such Shares to
that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or
other transfer is consummated within sixty (60) days after the date of the Notice and provided
further that any such sale or other transfer is effected in accordance with any applicable
securities laws and the Proposed Transferee agrees in writing that the provisions of this Section 3
shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares
described in the Notice are not transferred to the Proposed Transferee within such period, or if
the Holder proposes to change the price or other terms to make them more favorable to the Proposed
Transferee, a new Notice shall be given to the Company, and the Company and/or its assignees shall
again be offered the Right of First Refusal before any Shares held by the Holder may be sold or
otherwise transferred.

               (vi) Exception for Certain Family Transfers. Anything to the contrary contained in
this Section 3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser’s
lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or a trust
for the benefit of the Optionee’s Immediate Family shall be exempt from the provisions of this
Section 3(a). “Immediate Family” as used herein shall mean spouse, lineal descendant or
antecedent, father, mother, brother or sister. In such case, the transferee or other recipient
shall receive and hold the Shares so transferred subject to the provisions of this Section, and
there shall be no further transfer of such Shares except in accordance with the terms of this
Section 3.

-2-

 

          (b) Involuntary Transfer.

               (i) Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time
after the date of this Agreement, of any transfer by operation of law or other involuntary transfer
(including death or divorce, but excluding a transfer to Immediate Family as set forth in
Section 3(a)(vi) above) of all or a portion of the Shares by the record holder thereof, the Company
shall have an option to purchase all of the Shares transferred at the greater of the purchase price
paid by Purchaser pursuant to this Agreement or the fair market value of the Shares on the date of
transfer. Upon such a transfer, the person acquiring the Shares shall promptly notify the
Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to
the Company for a period of thirty (30) days following receipt by the Company of written notice by
the person acquiring the Shares.

               (ii) Price for Involuntary Transfer. With respect to any stock to be transferred
pursuant to Section 3(b)(i), the price per Share shall be a price set by the Board of Directors of
the Company that will reflect the current value of the stock in terms of present earnings and
future prospects of the Company. The Company shall notify Purchaser or his or her executor of the
price so determined within thirty (30) days after receipt by it of written notice of the transfer
or proposed transfer of Shares. However, if the Purchaser does not agree with the valuation as
determined by the Board of Directors of the Company, the Purchaser shall be entitled to have the
valuation determined by an independent appraiser to be mutually agreed upon by the Company and the
Purchaser and whose fees shall be borne equally by the Company and the Purchaser.

          (c) Assignment. The right of the Company to purchase any part of the Shares may be
assigned in whole or in part to any shareholder or shareholders of the Company or other persons or
organizations; provided, however, that an assignee, other than a corporation that
is the parent or a one hundred percent (100%) owned subsidiary of the Company, must pay the
Company, upon assignment of such right, cash equal to the difference between the original purchase
price and fair market value, if the original purchase price is less than the fair market value of
the Shares subject to the assignment.

          (d) Restrictions Binding on Transferees. All transferees of Shares or any interest
therein will receive and hold such Shares or interest subject to the provisions of this Agreement.
Any sale or transfer of the Company’s Shares shall be void unless the provisions of this Agreement
are satisfied.

          (e) Termination of Rights. The right of first refusal granted the Company by
Section 3(a) above and the option to repurchase the Shares in the event of an involuntary transfer
granted the Company by Section 3(b) above shall terminate upon the first sale of Common Stock of
the Company to the general public pursuant to a registration statement filed with and declared
effective by the Securities and Exchange Commission under the Securities Act. Upon termination
of the right of first refusal described in Section 3(a) above, a new certificate or
certificates representing the Shares not repurchased shall be issued, on request, without the
legend referred to in Section 6(a)(ii) herein and delivered to Purchaser.

-3-

 

     4. Investment and Taxation Representations. In connection with the purchase of the
Shares, Purchaser represents to the Company the following:

          (a) Purchaser is aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and knowledgeable decision
to acquire the Shares. Purchaser is purchasing the Shares for investment for his or her own
account only and not with a view to, or for resale in connection with, any “distribution” thereof
within the meaning of the Securities Act.

          (b) Purchaser understands that the Shares have not been registered under the Securities Act by
reason of a specific exemption therefrom, which exemption depends upon, among other things, the
bona fide nature of Purchaser’s investment intent as expressed herein.

          (c) Purchaser understands that the Shares are “restricted securities” under applicable U.S.
federal and state securities laws and that, pursuant to these laws, Purchaser must hold the Shares
indefinitely unless they are registered with the Securities and Exchange Commission and qualified
by state authorities, or an exemption from such registration and qualification requirements is
available. Purchaser acknowledges that the Company has no obligation to register or qualify the
Shares for resale. Purchaser further acknowledges that if an exemption from registration or
qualification is available, it may by conditioned on various requirements including, but not
limited to, the time and manner of sale, the holding period for the Shares, and requirements
relating to the Company which are outside of Purchaser’s control, and which the Company is under no
obligation and may not be able to satisfy.

          (d) Purchaser understands that Purchaser may suffer adverse tax consequences as a result of
Purchaser’s purchase or disposition of the Shares. Purchaser represents that Purchaser has
consulted any tax consultants Purchaser deems advisable in connection with the purchase or
disposition of the Shares and that Purchaser is not relying on the Company for any tax advice.

     5. Restrictive Legends and Stop-Transfer Orders

          (a) Legends. The certificate or certificates representing the Shares shall bear the
following legends (as well as any legends required by applicable state and federal corporate and
securities laws):

               (i) THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND HAVE BEEN ACQUIRED FOR INVESTMENT
AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR
DISPOSITION
MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF
COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE
SECURITIES ACT OF 1933.

-4-

 

               (ii) THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE
TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE SHAREHOLDER, A COPY OF WHICH IS ON FILE WITH THE
SECRETARY OF THE COMPANY.

          (b) Stop-Transfer Notices. Purchaser 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.

          (c) Refusal to Transfer. The Company shall not be required (i) to transfer on its
books any Shares that have been sold or otherwise transferred in violation of any of the provisions
of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay
dividends to any purchaser or other transferee to whom such Shares shall have been so transferred.

     6. No Employment Rights. Nothing in this Agreement shall affect in any manner
whatsoever the right or power of the Company, or a parent or subsidiary of the Company, to
terminate Purchaser’s employment, for any reason, with or without cause.

     7. Market Stand-off Agreement. In connection with the initial public offering of the
Company’s securities and upon request of the Company or the underwriters managing any underwritten
offering of the Company’s securities, Purchaser agrees not to sell, make any short sale of, loan,
grant any option for the purchase of, or otherwise dispose of any Shares (other than those included
in the registration) without the prior written consent of the Company or such underwriters, as the
case may be, for such period of time (not to exceed one hundred eighty (180) days) from the
effective date of such registration as may be requested by the Company or such managing
underwriters and to execute an agreement reflecting the foregoing as may be requested by the
underwriters at the time of the public offering.

     8. Miscellaneous

          (a) Governing Law. This Agreement and all acts and transactions pursuant hereto and
the rights and obligations of the parties hereto shall be governed, construed and interpreted in
accordance with the laws of the State of Washington, without giving effect to principles of
conflicts of law.

          (b) Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire
agreement and understanding of the parties relating to the subject matter herein and merges all
prior discussions between them. No modification of or amendment to this Agreement, nor any
waiver of any rights under this Agreement, shall be effective unless in writing signed by the
parties to this Agreement. The failure by either party to enforce any rights under this Agreement
shall not be construed as a waiver of any rights of such party.

          (c) Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, the parties agree to renegotiate such provision in good faith.

-5-

 

In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of
the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of
the Agreement shall be enforceable in accordance with its terms.

          (d) Construction. This Agreement has been reviewed by each of the parties hereto and
is the result of negotiations between each of the parties hereto and their respective counsel, if
any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto,
and no ambiguity shall be construed in favor of or against any one of the parties hereto.

          (e) Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be deemed sufficient when delivered personally or sent by telegram or fax or forty-eight
(48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage
prepaid, and addressed to the party to be notified at such party’s address as set forth below or as
subsequently modified by written notice.

          (f) Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original and all of which together shall constitute one instrument.

-6-

 

     (g) Successors and Assigns. The rights and benefits of this Agreement shall inure to
the benefit of, and be enforceable by the Company’s successors and assigns. The rights and
obligations of Purchaser under this Agreement may only be assigned with the prior written consent
of the Company.

     (h) Arbitration. The parties agree to attempt in good faith to negotiate a settlement
of any and all controversies, claims, or disputes arising out of, relating to, or resulting from
this Agreement. If, after such good faith negotiation, the parties are not able to reach a
settlement, any and all of such controversies, claims, or disputes arising out of, relating to, or
resulting from this Agreement shall be subject to binding arbitration. Such arbitration shall take
place in Seattle, Washington and will be administered by the American Arbitration Association
(“AAA”) in accordance with its Rules for the Resolution of Commercial Disputes. The
parties agree that the arbitrator shall have the power to decide any motions brought by any party
to the arbitration, including motions for summary judgment and/or adjudication and motions to
dismiss and demurrers, prior to any arbitration hearing. The parties also agree that the
arbitrator shall have the power to award any remedies, including attorneys’ fees and costs,
available under applicable law, provided that the prevailing party in any arbitration shall be
entitled to its reasonable attorneys fees and costs. The decision of the arbitrator shall be in
writing. Arbitration shall be the sole, exclusive and final remedy for any dispute under this
Agreement and the decision
of the arbitrator may be entered by a party in any court or forum, state or federal, being of
competent jurisdiction. Accordingly, no party will be permitted to pursue court action regarding
this Agreement except as expressly permitted in the preceding sentence. Notwithstanding the
foregoing, each party retains the right to seek injunctive relief to prevent a breach, threatened
breach or continuing breach of this Agreement that would cause irreparable injury to such party.

[Signature Page Follows]

-7-

 

The parties have executed this Exercise Notice and Restricted Stock Purchase Agreement as of the
date first set forth above.

	 	 	 	 	 	 	 	 	 
	 	 	COMPANY:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	OMEROS CORPORATION	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	(Signature)

	 	 	 	 	 
	 

	 	Name:	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	(Print)

	 	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	PURCHASER:	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	(Signature)

	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	(Printed Name)

	 	 	 	 	 
	 

	 	Address:	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 

I,                     , spouse of                     , have read and hereby approve the foregoing
Agreement. In consideration of the Company’s granting my spouse the right to purchase the Shares
as set forth in the Agreement, I hereby agree to be irrevocably bound by the Agreement and further
agree that any community property or other such interest shall hereby by similarly bound by the
Agreement. I hereby appoint my spouse as my attorney-in-fact with respect to any amendment or
exercise of any rights under the Agreement.

	 	 	 	 	 	 	 
	 	 
	 

	Spouse of	 	 	 	 	 
	 	 	 	   

-8-

 

RECEIPT

     The
undersigned hereby acknowledges receipt of Certificate No. ___ representing ___
shares of Common Stock of Omeros Corporation (the “Company”).

	 	 	 	 	 	 	 
	Dated:

	 	 	 	 
	 	 
	 

	 	 

	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	(Signature)
	 
	 	 	 	 	 	 
	 

	 	 	 	 
	 	  

(Printed Name)

 

 

RECEIPT

     Omeros Corporation (the “Company”) hereby acknowledges receipt of (check as
applicable):

                          A check in the amount of $                    

                          The cancellation of indebtedness in the amount of $                     

                          Certificate No.             representing                      shares of the Company’s Common Stock with a
fair market value of 

$                    

     given by                      as consideration for Certificate No.                   representing
                     shares of Common Stock of the Company.

	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Omeros Corporation
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	(Signature)
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	(Printed Name)
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]