Document:

Second Modification Agreement

 Exhibit 10.39 
 SECOND MODIFICATION AGREEMENT 
 Secured Loan 
 THIS SECOND MODIFICATION AGREEMENT (“Agreement”) dated June 12, 2009, is made and entered into by and between KBSII
100-200 CAMPUS DRIVE, LLC, a Delaware limited liability company (“Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”). 
 R E C I T A L S 
 A.    Pursuant to the terms of a Loan Agreement
(Non-Revolving) between Borrower and Lender dated September 9, 2008, as amended by the Modification Agreement dated March 11, 2009 (as amended, the “Loan Agreement”), Lender made a loan to Borrower in the principal amount of
Eighty-Nine Million Eight Hundred Thousand Dollars ($89,800,000) (the “Loan”). The Loan is evidenced by an Amended and Restated Promissory Note Secured by Mortgage, dated March 11, 2009, executed by Borrower in favor of Lender, in the
principal amount of the Loan (the “Note”), and is further evidenced by the documents described in the Loan Agreement as “Loan Documents”. The Note is secured by, among other things, a Mortgage with Absolute Assignment of Leases
and Rents, Security Agreement and Fixture Filing (the “Mortgage”), dated September 9, 2008, executed by Borrower, as Mortgagor, in favor of Lender, as Mortgagee, and recorded on September 12, 2008, in Book 21155, at Page 1469, in
the Official Records of Morris County, New Jersey. 
 B.    The Note, Mortgage, Loan Agreement, this
Agreement, the other documents described in the Loan Agreement as “Loan Documents”, together with all modifications and amendments thereto and any document required hereunder, are collectively referred to herein as the “Loan
Documents”. 
 C.    By this Agreement, Borrower and Lender intend to modify and amend certain terms
and provisions of the Loan Documents. 
 NOW, THEREFORE, Borrower and Lender agree as follows: 
  

	1.	 CONDITIONS PRECEDENT. The following are conditions precedent to Lender’s obligations under this Agreement: 

  

	 	1.1	 Receipt by Lender of the executed originals of this Agreement, the Second Amended Note (as defined herein below), the short form of this Agreement (if any) and
any and all other documents and agreements which are required by this Agreement or by any other Loan Document, each in form and content acceptable to Lender; 

  

	 	1.2	 Recordation in the Official Records of the County where the Property is located of (i) the short form of this Agreement (if any), and (ii) any other
documents which are required to be recorded by this Agreement or by any other Loan Document (if any); 

  

	 	1.3	 Reimbursement to Lender by Borrower of Lender’s costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby,
including, without limitation, title insurance costs, recording fees, attorneys’ fees, appraisal, engineers’ and inspection fees and documentation costs and charges, whether such services are furnished by Lender’s employees or agents
or by independent contractors; 

  

	 	1.4	 The representations and warranties contained in this Agreement shall be true and correct; 

  

	 	1.5	 All payments due and owing to Lender under the Loan Documents shall have been paid current as of the effective date of this Agreement;

  

	 	1.6	 The payment to Lender of legal fees in the amount of $3,000; and 

	 	1.7	 The payment to Lender of a modification fee in the amount of $179,600. 

  

	2.	 REPRESENTATIONS AND WARRANTIES. Borrower hereby represents and warrants that no Default, breach or failure of condition has occurred, or would
exist with notice or the lapse of time or both, under any of the Loan Documents (as modified by this Agreement) and that all representations and warranties herein are true and correct, which representations and warranties shall survive execution of
this Agreement. 

  

	3.	 MODIFICATION OF LOAN DOCUMENTS. The Loan Documents are hereby supplemented and modified to incorporate the following, which shall supersede and
prevail over any conflicting provisions of the Loan Documents: 

  

	 	3.1	 Second Amended and Restated Note. Effective as of June 10, 2009, the Note is hereby replaced by a Second Amended and Restated Promissory Note Secured
by Mortgage (the “Second Amended Note”), dated of even date herewith. The terms, covenants and conditions of the Second Amended Note shall supersede the Note. Any reference to the Note hereinafter shall mean the Second Amended Note.

  

	 	3.2	 Term; Extension. Section 2.1(c) of the Loan Agreement is hereby deleted in its entirety and restated as follows: 

 “(c) Term. The outstanding balance of the Loan, together with all accrued and unpaid interest and other amounts accrued and unpaid
under the Loan Documents, shall be payable in full on the earliest to occur of (i) September 9, 2009, (ii) the acceleration of the Loan pursuant to Section 10.2(a), or (iii) Borrower’s written notice to Lender (pursuant
to Section 2.4(a)) of Borrower’s election to prepay all accrued Obligations (said earliest date referred to herein as the “Maturity Date”).” 
  

	4.	 REQUIRED REMARGIN. Within five (5) days after Lender’s receipt of an appraisal of the Property commissioned by TD Banknorth (the “TD
Appraisal”) (which Appraisal (a) is expected on or before July 31, 2009 and (b) shall be delivered to Lender as soon as reasonably practical), Borrower shall repay such portion of the outstanding principal amount of the Loan as
is necessary to reduce the ratio of (i) the outstanding principal amount of the Loan to (ii) the value of the Property (as determined by the TD Appraisal) (the “LTV Ratio”), to not greater than fifty-five percent (55%). If,
however, the TD Appraisal has not been received by Lender by July 31, 2009, then Borrower shall be required to repay a portion of the outstanding principal amount of the Loan, in an amount equal to $5,000,000, on July 31, 2009.
Notwithstanding the foregoing, if upon receipt of the TD Appraisal, Lender determines that the LTV Ratio exceeds fifty-five percent (55%), then Borrower shall still be obligated to repay (within five (5) days after Lender’s receipt of the
TD Appraisal) such portion of the outstanding principal amount of the Loan as is necessary to reduce the LTV Ratio to not greater than fifty-five percent (55%). Further, for clarification, in no event shall Borrower have the right to reborrow any
amount repaid. 

  

	5.	 FORMATION AND ORGANIZATIONAL DOCUMENTS. Borrower has previously delivered to Lender all of the relevant formation and organizational documents of
Borrower, of the partners, members or joint venturers of Borrower (if any), and of all guarantors of the Loan (if any), and all such formation documents remain in full force and effect and have not been amended or modified since they were delivered
to Lender. Borrower hereby certifies that: (i) the above documents are all of the relevant formation and organizational documents of Borrower; (ii) they remain in full force and effect; and (iii) they have not been amended or modified
since they were previously delivered to Lender. 

  

	6.	 NON-IMPAIRMENT. Except as expressly provided herein, nothing in this Agreement shall alter or affect any provision, condition, or covenant
contained in any Loan Document or affect or impair any rights, powers, or remedies of Lender, it being the intent of the parties hereto that the 

  

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provisions of the Loan Documents shall continue in full force and effect except as expressly modified hereby. 
  

	7.	 MISCELLANEOUS. This Agreement and the other Loan Documents shall be governed by and interpreted in accordance with the laws of the State of
California, except if preempted by federal law. In any action brought or arising out of this Agreement or the other Loan Documents, Borrower, and the general partners, members and joint venturers of Borrower (if any), hereby consent to the
jurisdiction of any federal or state court having proper venue within the State of California and also consent to the service of process by any means authorized by California or federal law. The headings used in this Agreement are for convenience
only and shall be disregarded in interpreting the substantive provisions of this Agreement. All capitalized terms used herein, which are not defined herein, shall have the meanings given to them in the other Loan Documents. Time is of the essence of
each term of the Loan Documents, including this Agreement. If any provision of this Agreement or any of the other Loan Documents shall be determined by a court of competent jurisdiction to be invalid, illegal or unenforceable, that portion shall be
deemed severed from this Agreement and the remaining parts shall remain in full force as though the invalid, illegal, or unenforceable portion had never been a part thereof. 

  

	8.	 INTEGRATION; INTERPRETATION. The Loan Documents, including this Agreement, contain or expressly incorporate by reference the entire agreement of
the parties with respect to the matters contemplated therein and supersede all prior negotiations or agreements, written or oral. The Loan Documents shall not be modified except by written instrument executed by all parties. Any reference to the
Loan Documents includes any amendments, renewals or extensions now or hereafter approved by Lender in writing. 

  

	9.	 EXECUTION IN COUNTERPARTS. To facilitate execution, this document may be executed in as many counterparts as may be convenient or required. It
shall not be necessary that the signature of, or on behalf of, each party, or that the signature of all persons required to bind any party, appear on each counterpart. All counterparts shall collectively constitute a single document. It shall not be
necessary in making proof of this document to produce or account for more than a single counterpart containing the respective signatures of, or on behalf of, each of the parties hereto. Any signature page to any counterpart may be detached from such
counterpart without impairing the legal effect of the signatures thereon and thereafter attached to another counterpart identical thereto except having attached to it additional signature pages. 

 [Signatures Follow on Next Page] 
  

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 IN WITNESS WHEREOF, Borrower and Lender have caused this Agreement to be duly executed as
of the date first above written. 
  
 “LENDER”

 WELLS FARGO BANK, 
 NATIONAL ASSOCIATION 
  

			
		
	By:	 	/s/ Irie Dadabhoy
		 	 Irie Dadabhoy
 Vice President

 Lender’s Address: 
 Real Estate Group (AU #02955) 
 2030 Main Street, Suite 800 
 Irvine, CA 92614 
 Attn: Rhonda Friedly

  
 “BORROWER” 
 KBSII 100-200 CAMPUS DRIVE, LLC, 
 a
Delaware limited liability company 
  

			
	By:	 	KBSII REIT ACQUISITION I, LLC,
		 	a Delaware limited liability company, its sole member

  

					
		 	By:	 	KBS REIT PROPERTIES II, LLC,
		 		 	a Delaware limited liability company, its sole member

  

							
		 		 	By:	 	KBS LIMITED PARTNERSHIP II,
		 		 		 	a Delaware limited partnership, its sole member

  

									
		 		 		 	By:	 	KBS REAL ESTATE INVESTMENT TRUST II, INC.,
		 		 		 		 	a Maryland corporation, general partner

  

											
		 		 		 		 	By:	 	/s/ Charles J. Schreiber, Jr.
		 		 		 		 		 	 Charles J. Schreiber, Jr.
 Chief Executive Officer

 Borrower’s Address: 
 c/o KBS Capital Advisors LLC 
 620 Newport Center Drive, Suite 1300 
 Newport Beach, CA 92660 
 Attn: Michael Costa

 GUARANTOR’S CONSENT 
 The undersigned (“Guarantor”) consents to the foregoing Second Modification Agreement and the transactions contemplated thereby and reaffirms its obligations under the Limited Guaranty
(“Guaranty”) dated September 9, 2008, and its waivers, as set forth in the Guaranty, of each and every one of the possible defenses to such obligations. Guarantor further reaffirms that its obligations under the Guaranty are separate
and distinct from Borrower’s obligations. 
  
 Agreed and Acknowledged: 

Dated as of: June 12, 2009 
 “GUARANTOR”

 KBS REIT PROPERTIES II, LLC, 
 a Delaware limited
liability company 
  

							
		 		 	By:	 	KBS LIMITED PARTNERSHIP II,
		 		 		 	a Delaware limited partnership, its sole member

  

									
		 		 		 	By:	 	KBS REAL ESTATE INVESTMENT TRUST II, INC.,
		 		 		 		 	a Maryland corporation, general partner

  

											
		 		 		 		 	By:	 	/s/ Charles J. Schreiber, Jr.
		 		 		 		 		 	 Charles J. Schreiber, Jr.
 Chief Executive Officer

 HAZARDOUS INDEMNITOR’S CONSENT 
 The undersigned (“Indemnitor”) consents to the foregoing Second Modification Agreement and the transactions contemplated thereby and reaffirms its obligations under the Hazardous
Materials Indemnity Agreement (Secured) (“Indemnity”) dated September 9, 2008, and its waivers, as set forth in the Indemnity, of each and every one of the possible defenses to such obligations. 
  
 Agreed and Acknowledged: 
 Dated as of: June 12, 2009 
 “INDEMNITOR” 
 KBSII 100-200 CAMPUS DRIVE, LLC, 
 a Delaware limited liability
company 
  

					
		 	By:	 	KBSII REIT ACQUISITION I, LLC,
		 		 	a Delaware limited liability company, its sole member

  

							
		 		 	By:	 	KBS REIT PROPERTIES II, LLC,
		 		 		 	a Delaware limited liability company, its sole member

  

									
		 		 		 	By:	 	KBS LIMITED PARTNERSHIP II,
		 		 		 		 	a Delaware limited partnership, its sole member

  

											
		 		 		 		 	By:	 	KBS REAL ESTATE INVESTMENT TRUST II, INC.,
		 		 		 		 		 	a Maryland corporation, general partner

  

													
		 		 		 		 		 	By:	 	/s/ Charles J. Schreiber, Jr.
		 		 		 		 		 		 	 Charles J. Schreiber, Jr.
 Chief Executive OfficerAmended and Restated Executive Change-in-Control Plan

 EXHIBIT 10.1 
 ANTIGENICS INC. 
 AMENDED AND RESTATED EXECUTIVE CHANGE OF CONTROL PLAN 
 Subject to the terms and conditions hereinafter set forth, Antigenic Inc., a Delaware corporation, has established this Executive Change of Control Plan
(the “Plan”) to offer certain compensation and benefits to certain Executives (as defined herein) in the event of a Change of Control (as defined herein), subject to the terms and conditions set forth in this Plan and the Participation
Agreement to be executed by each Executive wishing to participate in this Plan, a form of which is attached hereto as Exhibit A (the “Participation Agreement”). 
 1. Definitions. For purposes of this Plan, the following definitions apply: 
 (a) “Affiliates” means all persons and entities directly or indirectly controlling, controlled by or under common control with the Company,
where control may be by either management authority or equity interest. 
 (b) “Cause”, as determined by the Company, means:
(i) Executive’s willful failure to perform (other than by reason of disability), or material negligence in the performance of, his/her duties and responsibilities to the Company or any of its Affiliates; or (ii) material breach by
Executive of any provision of this Plan or the Participation Agreement; or (iii) other conduct by Executive that is materially harmful to the business, interests or reputation of the Company or any of its Affiliates. 
 (c) “Change in Control” shall mean: (A) the acquisition by any Organization of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of 50% or more of the common stock of the Company; provided, however, that for purposes of this subsection (A), an acquisition shall not constitute a Change in Control if it is: (i) by a Benefit Plan
sponsored or maintained by the Company or an entity controlled by the Company or (ii) by an entity pursuant to a transaction that complies with clauses (i), (ii) and (iii) of subsection (C) of this Section 2(c); or
(B) individuals who, as of June 2, 2005, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to
June 2, 2005 whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board (or a majority of the members of a nominating
committee who are members of the Incumbent Board) shall be treated as a member of the Incumbent Board unless he/she assumed office as a result of an actual or threatened election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of an Organization other than the Board; or (C) consummation of a merger or consolidation involving the Company, or a sale or other disposition of all or substantially all
of the assets of the Company, (a “transaction”) in each case unless, immediately following such transaction, (i) the beneficial owners of the common stock of the Company outstanding immediately prior to such transaction beneficially
own, directly or indirectly, more than 50% of the combined voting power of the outstanding voting securities of 

 
the entity resulting from such transaction (including, without limitation, an entity which as a result of such transaction owns the Company or all or
substantially all of the Company’s assets either directly or through one or more subsidiaries), (ii) no Organization (excluding any entity resulting from such transaction or any Benefit Plan of the Company or such entity resulting from
such transaction) beneficially owns, directly or indirectly, 50% or more of the combined voting power of the then outstanding voting securities of such entity and (iii) at least a majority of the members of the board of directors or similar
board of the entity resulting from such transaction were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such transaction; or (D) approval by the stockholders of
the Company of a complete liquidation or dissolution of the Company. For purposes of the foregoing: “Benefit Plan” means any employee benefit plan, including any related trust; “Board” means the Board of Directors of the Company;
“Exchange Act” means the Securities Exchange Act of 1934, as amended; and “Organization” means any individual, entity or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act).

 (d) “Company” means Antigenics Inc., a Delaware corporation, and any successor in interest to the Company. 
 (e) “Executive” means each employee of the Company specifically designated by the Compensation Committee (or an individual specifically
appointed by the Compensation Committee to make such determination) as eligible to participate in this Plan, provided such individual holds the position of Vice President or above in the Company, or is otherwise identified as an essential employee
by the Compensation Committee. 
 (f) “Good Reason” means (i) material reduction in Executive’s base salary, benefits,
duties or responsibilities; or (ii) relocation of Executive’s principal office, without his/her consent, to a location more than thirty (30) miles from its location on the day prior to the Change in Control. 
 (g) “Person” means an individual, a corporation, an association, a partnership, an estate, a trust and any other entity or organization, other
than the Company or any of its Affiliates. 
 (h) “Products” mean all products planned, researched, developed, under development,
tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Company or any of its Affiliates, together with all services provided or planned by the Company or any of its Affiliates, during Executive’s
employment. 
 2. Change of Control. 
 (a) If a Change of Control occurs, on the date of such Change in Control, fifty-percent (50%) of any stock options or shares of restricted stock of the Company previously granted or issued to the Executive that
are outstanding and unvested as of the date of the Change 

  

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in Control shall become vested, exercisable and, in the case of shares of restricted stock, no longer subject to forfeiture,, provided that Executive is
employed by the Company on the date of such Change in Control. 
 (b) If a Change of Control occurs and, within eighteen (18) months
following such Change of Control, the Company terminates Executive’s employment other than for Cause, or such Executive terminates his/her employment for Good Reason, then the Company shall, until the conclusion of a period of twelve
(12) months following the effective date of such termination, and subject to Executive’s continued compliance with this Plan and the Participation Agreement: (A) continue to pay Executive his/her base salary at the rate in effect on
the date of termination; (B) continue to make payments to Executive under the Company’s then Executive incentive plan, if such a plan exists on the date of termination; and, (C) continue to contribute to the premium cost of
Executive’s participation in the Company’s group medical and dental insurance plans at the same rate that it contributes for active employees, provided that Executive is entitled to continue such participation under applicable law and plan
terms, and provided further that Executive pays his/her portion of the premium cost by payroll deduction. The payment(s) described in subparagraph (B) above shall be equal to the higher of (x) Executive’s target incentive bonus or
(y) the actual incentive bonus paid to Executive, if any, under the Company’s Executive incentive plan for the last full fiscal year preceding the year in which Executive’s employment is terminated, and shall be pro-rated for any
period less than a full year. In addition, in the event the Company terminates Executive’s employment other than for Cause, or Executive terminates his/her employment for Good Reason within eighteen (18) months following a Change of
Control, then (I) any outstanding unvested options granted or issued to the Executive as of the date of the Change in Control shall become vested and shall be exercisable for ninety (90) days following termination of the Executive’s
employment, (II) any shares of unvested restricted stock of the Company granted or issued to the Executive as of the date of the Change in Control shall become vested and no longer subject to forfeiture, and (III) the Company will provide Executive
with outplacement assistance through a firm of its choice at a cost not to exceed $10,000. 
 (c) All payments required to be made by the
Company hereunder to Executive or his/her dependents, beneficiaries, or estate will be reduced by any tax, payroll deductions or other amounts required to be withheld by the Company under applicable law. 
 (d) Payment(s) by the Company and contributions to the cost of Executive’s continued participation in the Company’s group health and dental
plans that may be due Executive under Section 2(b) shall constitute the entire obligation of the Company to Executive. In order to receive any payments or other benefits under Section 2(b), Executive must execute a General Release of
Claims in a form acceptable to the Company. 
 (e) Except for medical and dental insurance coverage continued pursuant to Section 2(b),
benefits shall terminate pursuant to the terms of the applicable benefit plans based on the date of termination of Executive’s employment without regard to any continuation of base salary or other payment to Executive following such date of
termination. 
  

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 (f) The obligation of the Company to make payments to or on behalf of Executive under Section 2(b)
is expressly conditioned upon Executive’s continued full performance of obligations under the Plan and Executive’s Participation Agreement. Executive recognizes that, except as expressly provided in Section 2(b), no compensation is
earned by, or in any way owing to, Executive after termination of employment. 
 (g) To the extent any payment hereunder shall be required to
be delayed until six months following separation from service to comply with the “specific employee” rules of Section 409A of the Internal Revenue Code, it shall be delayed (but not more than is required to comply with such rules).

 3. Amendment. This Plan may be amended, modified or terminated by the Compensation Committee of the Board of Directors in sole
discretion, provided that any such amendment, modification or termination shall not be effective with respect to any Executive that has executed a Participation Agreement, except to the extent such Executive has agreed in writing to be bound by such
amendment, modification or termination. 
 4. Governing Law. This is Plan shall be construed and enforced under and be governed in all
respects by the laws of the Commonwealth of Massachusetts, without regard to the conflict of laws principles thereof. 
 Adopted by
Compensation Committee – June 10, 2009 
  

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 Exhibit A 
 CHANGE OF CONTROL PLAN 
 Participation Agreement 
 Executive signing below, hereby wishes to participate in the Executive Change of Control Plan of the Company, dated June 2, 2005 (the
“Plan”). In order for Executive to participate in the Plan, Executive must agree to the restrictions on his/her activities during and after his/her employment as provided in this Participation Agreement. Any capitalized terms used in this
Participation Agreement and not defined shall have the meaning set forth in the Plan. By signing below, the Company and Executive agree as follows: 
 1.
Participation in the Plan. Executive shall be entitled to participate in the Plan on the terms and condition provided for in the Plan and this Participation Agreement, as the same may be amended from time to time. 
 2. Non-competition. While Executive is employed by the Company and for the greater of (i) twelve (12) months after his/her employment terminates or
(ii) the period during which Executive is receiving payments under the Plan (the “Non-Competition Period”), Executive shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or
otherwise, compete with the Company or any of its Affiliates or undertake any planning for any business competitive with the Company or any of its Affiliates. Specifically, but without limiting the foregoing, Executive agrees not to engage in any
manner in any activity that is directly or indirectly competitive with the business of the Company or any of its Affiliates as conducted or under consideration at any time during Executive’s employment. Restricted activity includes without
limitation accepting employment or a consulting position with any Person who is, or at any time within twelve (12) months prior to termination of Executive’s employment has been, a competitor or a customer of the Company or any of its
Affiliates. For the purposes of this Section 2, the business of the Company and its Affiliates shall include all Products and Executive’s undertaking shall encompass all items, products and services that may be used in substitution for
Products. The foregoing shall not prohibit Executive’s passive ownership of two percent (2%) or less of the equity securities of any publicly traded company. Executive agrees that, during his/her employment with the Company or any
Affiliate of the Company, he/she will not undertake any outside activity, whether or not competitive with the business of the Company or its Affiliates, that could reasonably give rise to a conflict of interest or otherwise interfere with his/her
duties and obligations to the Company or any of its Affiliates. 
 3. Non-solicitation. Executive further agrees that while he/she is employed by the
Company or any Affiliate of the Company and thereafter during the Non-Competition Period, Executive will not hire or attempt to hire any employee of the Company or any of its Affiliates, assist in such hiring by any Person, encourage any such
employee to terminate his or her relationship with the Company or any of its Affiliates, or solicit or encourage any customer or vendor of the Company or any of its Affiliates to terminate its relationship with them, or, in the case of a customer,
to conduct with any Person any business or activity which such customer conducts or could conduct with the Company or any of its Affiliates. 

 4. Conflicting Agreements. Executive hereby represents and warrants that the execution of this Participation
Agreement, participation in the Plan and the performance of his/her obligations hereunder will not breach or be in conflict with any other agreement to which Executive is a party or is bound. In addition, except where specifically provided in the
Plan or this Participation Agreement, nothing in the Plan or this Participation Agreement is intended to replace, amend or modify any other agreement between the Company and Executive, and to the extent such other agreements contain similar
provisions to those provided for in this Participation Agreement, such provisions shall be in addition to the provisions provided herein and shall remain in effect. 
 5. Notification Requirement. Until the conclusion of the Non-Competition Period Executive shall give notice to the Company of each new business activity he/she plans to undertake, at least twenty-one
(21) days prior to beginning any such activity. Such notice shall state the name and address of the Person for whom such activity is undertaken and the nature of Executive’s business relationship(s) and position(s) with such Person.
Executive shall provide the Company with such other pertinent information concerning such business activity as the Company may reasonably request in order to determine Executive’s continued compliance with this Participation Agreement and the
Plan. 
 6. Enforcement of Covenants. Executive acknowledges that he/she has carefully read and considered all the terms and conditions of this
Agreement, including the restraints imposed upon his/her pursuant to the Plan and this Participation Agreement. Executive agrees that said restraints are necessary for the reasonable and proper protection of the Company and its Affiliates and that
each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. Executive further acknowledges that, were he/she to breach any of his/her covenants contained in the Plan or Participation
Agreement, the damage to the Company would be irreparable. Executive therefore agrees that the Company, in addition to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against any breach or
threatened breach by Executive of any of said covenants, without having to post bond. The parties further agree that, in the event that any provision of Sections 4 hereof shall be determined by any court of competent jurisdiction to be unenforceable
by reason of its being extended over too great a time, too large a geographic area or too great a range of activities, such provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law. 
 7. General. This Participation Agreement may be amended or modified by execution of an amendment signed by Executive and the Company. This is Participation
Agreement and the Plan shall be construed and enforced under and be governed in all respects by the laws of the Commonwealth of Massachusetts, without regard to the conflict of laws principles thereof. 

 IN WITNESS WHEREOF, this Participation Agreement has been executed as a sealed instrument by the Company,
by its duly authorized representative, and by Executive, as of [INSERT DATE]. 
  

							
	EXECUTIVE:	 		 	ANTIGENICS INC., a Delaware corporation
				
	  
	 		 	By:	 	  

	[NAME OF EXECUTIVE]	 		 	Name:	 	  

		 		 	Title:

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