Document:

EX-10.3

 Exhibit 10.3 

EMPLOYMENT CONTRACT FOR CHIEF EXECUTIVE OFFICER 

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is executed on the 28th day of March 2018 by and between Legend Biotech USA Inc. (hereinafter referred
to as “Employer” or “Legend Biotech”) with a business address of 860 Centennial Ave, Piscataway, NJ 08854 and Yuan Xu, residing at 403 Country Club Drive, Apt 101, Simi Valley, CA 93065 (hereinafter referred to as
“Employee”). 
 Employer has hired Employee as its Chief Executive Officer, directly reporting to the Chairman of Legend Biotech’s Board of
Directors (the “Board”). The purpose of this Agreement is to set forth the terms and conditions of Employee’s employment. Therefore, Employer and Employee agree to the following terms and provisions: 

ARTICLE I. TERM OF EMPLOYMENT 

Section 1.01 Specified Period 
 Employer
employs Employee and Employee accepts employment with Employer for a period of six (6) years, beginning on March 28, 2018 and terminating on March 27, 2024. However, said specified period may be terminated prior to the end date
specified or the end date of any renewal in accordance with the terms identified below. 
 Section 1.02 Automatic Renewal 

This Agreement shall be renewed automatically for succeeding terms of one (1) year unless either party gives notice to the other at least ninety
(90) days prior to March 27, 2024 (or March 27 of any succeeding one (1) year renewal term, as applicable). 
 Section 1.03
“Employment Term” Defined 
 “Employment Term” refers to the entire period of employment of Employee by Employer, whether for the
periods provided above, or whether terminated earlier as hereinafter provided or extended by mutual agreement between Employer and Employee. 

ARTICLE II. DUTIES AND OBLIGATIONS OF EMPLOYEE 

Section 2.01 General Duties 
 Employee shall
serve as the Chief Executive Officer of Legend Biotech. In her capacity as Chief Executive Officer of Legend Biotech, Employee shall do and perform all services, acts, or things necessary or advisable to manage and conduct the business of Employer.
As CEO, Employee will have overall strategic and operational responsibility for Legend Biotech. Her duties will include but are not limited to: providing coordination for the senior leadership team; serving as liaison to Legend Biotech’s
clients, vendors and partners; working with Legend Biotech’s leadership team to keep them abreast of strategies and challenges; providing leadership to the strategic planning process; implementing new strategic initiatives; managing the annual
budget, etc. 

  
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 Section 2.02 Employment Authorization 

Employee’s employment is contingent upon Employee’s ability to present documentation to establish that Employee is in compliance with the employment
authorization provisions of the Immigration Reform and Control Act of 1986. Employee is responsible for obtaining an employment authorization document corresponding to Employee’s current immigration status. 

Section 2.03 Place of Performance 

Employee’s base office will be in New Jersey, USA. Frequent travel will be required, including but not limited to travel to China and work in China, with
total travel time up to 5 months per year, as needed. 
 Section 2.04 Devotion to Employer’s Business 

(a) Employee shall devote her full business time, ability, and attention to the business of Employer during the Employment Term, except as
stated in EXHIBIT A attached hereto. 
 (b) During the Employment Term, Employee shall not engage in any other business duties or pursuits
whatsoever, or directly or indirectly render any services of a business, commercial, or professional nature to any other person or organization, whether for compensation or otherwise, without the prior written consent of the Board; however, it is
agreed and acknowledged that the foregoing prohibitions shall not apply to those businesses or pursuits listed in EXHIBIT A. For the avoidance of doubt, Employee’s other business duties or pursuits relating to
for-profit enterprises involved in the same or related industry as the Employer currently include those activities set forth in EXHIBIT A. In the event that information contained or not contained in EXHIBIT A
changes, Employee shall have the duty to revise EXHIBIT A so that it remains accurate and up-to-date. 

(c) This Agreement shall not prohibit Employee from making passive personal investments or conducting private business affairs if those
activities do not materially interfere with the services required under this Agreement. However, Employee shall not directly or indirectly acquire, hold, or retain any interest in any business competing with or similar in nature to the business of
Employer, except as set forth in EXHIBIT A attached hereto. The foregoing shall not prohibit Employee from owning, as a passive portfolio investment, less than 1 % of the outstanding common stock of any publicly traded company. 

Section 2.05 Competitive Activities 
 The
Employee is required to sign the INTELLECTUAL PROPERTY RIGHTS ASSIGNMENT, NON-COMPETITION AND CONFIDENTIALITY AGREEMENT with Legend Biotech (the “Restrictive Covenant Agreement”) attached hereto as
EXHIBIT B, the terms of which are incorporate herein. 

  
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 ARTICLE III. OBLIGATIONS OF EMPLOYER 

Section 3.01 General Description 
 Employer
shall provide Employee with the compensation, incentives, benefits, indemnification and business expense reimbursements specified in this Agreement. 

Section 3.02 Office and Staff 
 Employer shall
provide Employee with equipment, office space, and administrative support suitable to Employee’s position and adequate for the performance of her duties. 

ARTICLE IV. INTRODUCTORY PERIOD 

Section 4.01 Employee will have an introductory period of three
(3) months, from March 28, 2018 until June 27th, 2018 (the “Introductory Period”). 

ARTICLE V. COMPENSATION OF EMPLOYEE 

Section 5.01 Annual Salary 

(a) During the Employment Term, Employee shall receive a base salary of $470,000 per year. Employee shall be paid semi-monthly on
Employer’s regularly scheduled pay dates. Employee will be eligible for consideration for annual merit-increase. 
 (b) Employee shall
be eligible to earn an annual, year-end performance-based bonus for each calendar year of the Employment Term. Employee’s target-level bonus shall be 55% of Employee’s base salary for the applicable
year. The annual bonus is discretionary, and will be based on employee’s performance rating. The bonus accrual for 2018 will be prorated based on days employed and will include the Introductory Period. Each annual bonus will be paid not later
than a date which complies with US tax law under IRC Section 409A. 
 Section 5.02 Stock Option Plan 

Employee will participate in Legend Biotech’s stock option plan, which is a performance-based incentive plan. Employee will be granted 4,400,000 option
shares of Legend Biotech (among the current total of 200,000,000 shares of Legend Biotech stock outstanding). The grant is subject to Board approval and will be made at the end of the Introductory Period. The purchase price per share will be the
Fair Market Value of one share on the grant date (currently is $1.00 per share), with “Fair Market Value” being determined in a manner consistent with the requirements of Section 409A (“Section 409A”) of the US Internal
Revenue Code of 1986, as amended (the “IRC”), and the option terms shall otherwise be compliant with the requirements of Section 409A. The option shares will vest in five (5) equal annual installments of up to 880,000 shares per
year, on each of the first five (5) anniversaries of the grant date. The option shares will be subject to performance-based vesting criteria to be developed jointly between the Board and Employee, and annual vesting will be determined as
follows: 
 (a) If the performance rating for the applicable annual performance period is A (Exceed Expectations) or S (Substantially Exceed
Expectations), 880,000 option shares will vest for that period. 

  
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 (b) If the performance rating for the applicable annual performance period is B (Meet
Expectations), 720,000 option shares will vest for that period, and the remaining 160,000 option shares will be cancelled. 
 As long as the Employee
remains employed and the performance rating is B, A, or S, the options will continue to vest in accordance with the above-referenced schedule. If the Employee’s performance fails to meet minimum expectations, Employee will be provided notice,
in writing of the deficiencies and Employee will have ninety (90) days to cure such deficiencies. At the end of the ninety (90) day cure period, if Employee’s performance has improved to meet minimum expectations (to be decided at the
discretion of the Board), Employee’s employment will remain. In such case, Employee’s right to earn and vest in option shares for current and any subsequent annual performance period should not be affected. 

In the case of any stock split, the number of option shares covered by the grant will be adjusted equitably to maintain Employee’s percentage ownership
of the current total of 200,000,000 outstanding shares. The foregoing shall not apply to shares issued for fair value in arms-length capital raising transactions. 

Options will expire 10 years from the date of the grant. 
 If
Employee’s employment is terminated, by Employer or by Employee, for any reason other than Employee’s death or disability, the vested option shares will remain exercisable for 90 days following the date of termination. If such employment
is terminated due to Employee’s death or disability, vested option shares will remain exercisable for 12 months after the date of termination. 
 The
options may be subject to other customary terms and conditions, not inconsistent with the terms hereof or with Section 409A. Shares of Legend Biotech acquired by Employee upon exercise shall be fully-vested and
non-forfeitable, and shall not be subject to any “call rights” or similar repurchase rights in favor of Legend Biotech or any of its affiliates. 

ARTICLE VI. EMPLOYEE BENEFITS 

Section 6.01 Company Benefits 
 Employee is
eligible for the following standard Company benefits: health, dental, and vision coverage, as well as subsidized coverage for family members. Employee is also eligible for Accidental Death and Dismemberment, Long Term Disability and Life Insurance
coverage. Additionally, Employee will be eligible to participate in Employer’s 401(k) plan. 
 Section 6.02 Relocation Assistance

 A one-time payment of $20,000 will be paid to Employee as a relocation allowance. Also, Employer will
provide up to 30 days hotel stay coverage to aid in Employee’s transition. 

  
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 ARTICLE VII. BUSINESS EXPENSES 

Section 7.01 Employee’s business expenses will be reimbursed in accordance with Employer’s
policy, which will be provided to the Employee. 
 ARTICLE VIII. TERMINATION OF EMPLOYMENT 

Section 8.01 Termination during Introductory Period 

If Employee’s employment is terminated for any reason during. the Introductory Period, no severance will be paid. The only compensation to be paid will be
as outlined in the Restrictive Covenant Agreement attached hereto as EXHIBIT B. 
 Section 8.02 Termination for Cause 

(a) Employer reserves the right to terminate Employee’s employment for “Cause”. Employer shall have “Cause” to
terminate Employee only if Employee commits an act of willful and material dishonesty, fraud, or misrepresentation, or other willful and material misconduct, in each case causing demonstrable and material harm to Employer or its affiliates. 

(b) If Employer wishes to terminate Employee for “Cause,” Employer will give Employee written notice, which shall state in reasonable
details the specific conduct and facts alleged to constitute Cause. 
 Upon termination for Cause, no severance will be provided and all unvested option
shares shall lapse immediately. 
 Section 8.03 Termination for Performance 

If the Employee’s performance fails to meet minimum expectations, Employee will be provided notice, in writing of the deficiencies and Employee will have
ninety (90) days to cure such deficiencies. 
 (a) At the end of the ninety (90) day cure period, if Employee’s performance
has not met minimum expectations, Employee’s employment will be terminated. Upon termination for performance, all unvested option shares will be forfeited except that the unvested options for the period between the last vesting date and the
performance notice date will be prorated at performance level “B” and be vested immediately. Employee will receive severance equal to twelve (12) months of Employee’s base salary, paid in twelve (12) equal monthly
installments immediately following the date of termination. 
 (b) At the end of the ninety (90) day cure period, if Employee’s
performance has improved to meet minimum expectations (to be decided at the discretion of the Board), Employee’s employment will remain. Employee shall remain the right to earn and vest in option shares, as well as annual bonus, at performance
level “B” for the applicable annual performance period. 

  
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 Section 8.04 Termination without Cause 

Employer may terminate Employee’s employment without Cause. If Employee’s employment is terminated by Employer without Cause at any time after the
Introductory Period, (i) Employee will receive severance equal to twelve (12) months of Employee’s base salary, paid in twelve (12) equal monthly installments immediately following the date of termination; (ii) option shares
which are then eligible to vest at performance level “B” during the 18 month period following the termination date will become immediately vested and exercisable, irrespective of whether performance criteria are otherwise met; and
(iii) any remaining unvested option shares will be forfeited. 
 A termination of Employee’s employment without Cause means any termination which
(i) is not a voluntary resignation by Employee, and (ii) fails to meet the conditions of termination “for Cause” as set forth in Section 8.02, and includes the following: 

(a) The death of Employee. 
 (b)
Termination of Employee by reason of disability, which shall include any physical or mental disability that prevents Employee from being able to perform her essential job duties under this Agreement, unless reasonable accommodation can be made to
allow Employee to continue working. Such a termination shall be effected by Employer giving 30 days written notice of termination to Employee. 

(c) If in the opinion of the Board, for any other reason, Employee should no longer occupy the CEO position. Employer will give Employee at
least ninety (90) days’ notice of termination without Cause as under this clause (c). 
 Section 8.05 Employee’s Resignation for
Good Reason 
 If Employee terminates her employment for “Good Reason”, as defined below, Employee will receive severance equal to the
severance payout set forth in Section 8.04, and her option shares will vest or expire as set forth in Section 8.04. 
 Employee shall have
“Good Reason” to terminate her employment if, without Employee’s express written consent, one or more of the following occurs: (a) a ten percent (10%) or greater reduction of Employee’s base salary; (b) a failure of the
Board to timely approve and grant the option shares as set forth in Section 5.02; (c) a change of Employee’s base office to any location outside the USA; or (d) Employer’s material breach of the terms of this Agreement or any
other material written agreement/covenant with Employee related to Employee’s provision of services to Employer. In order for an event to qualify as Good Reason, Employee must not terminate employment with Employer without first providing
Employer with written notice of the acts or omissions constituting the grounds for “Good Reason” within three (3) months of her first becoming aware of such grounds. Employer shall have thirty (30) days following such written
notice to cure such acts or omissions (the “Cure Period”). If Employer has not cured such acts or omissions by the last day of the Cure Period, Employee’s employment shall be deemed terminated for Good Reason immediately following the
Cure Period. 

  
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 Section 8.06 Change in Control 

For purposes of this Agreement, a “Change in Control” is defined as: (i) Any voluntary or involuntary dissolution of Employer resulting from
either a merger or consolidation in which Employer is not the consolidated or surviving corporation; (ii) a transfer or sale of all or substantially all of the assets of Employer; or (iii) any disposition of the equity interests in the
Employer to any one Person or to more than one Person acting as a group which acquires more than fifty percent (50%) of either the total fair market value or total voting control of the Employer. In the event of a Change in Control, if the new
ownership of Employer decides to terminate and/or not hire Employee under terms substantially similar in all material respects to her employment prior to the Change in Control, then (1) Employee shall receive severance equal to 24 months of
base salary, payable in equal monthly installments immediately following the termination date, and (2) all unvested options will become immediately and fully vested and exercisable, irrespective of whether performance criteria are otherwise
met. Employer shall require any successor or acquirer in a Change in Control transaction to expressly assume and perform the Employer’s obligations under this Agreement. 

Section 8.07 Bonus upon Termination 
 If,
after the Introductory Period, Employee is terminated without Cause or resigns for Good Reason, and at such time Employee has worked for at least six (6) months of the calendar year, a determination regarding the amount of the performance based
bonus referenced in Section 5.01 (b) will be established. The Employee will be paid a prorated share of the determined bonus based on the number of months worked in the calendar year, such amount to be paid when annual bonuses are otherwise
paid, and in any event no later than a date which complies with US tax law under IRC Section 409A. In addition, if Employee has earned an annual bonus for a preceding calendar year which has not been paid as of the termination date, such bonus
shall be paid at the time otherwise due. 
 Section 8.08 COBRA 

Employee shall be entitled to COBRA benefits (for continued health, dental and vision plan coverage) upon termination of employment as provided under
applicable law. Upon a termination by Employer without Cause, termination for performance, or a termination by Employee for Good Reason, Employer will pay the applicable premiums (inclusive of premiums for Employee’s dependents for such health,
dental, and vision plan coverage as is effect immediately prior to the date of the termination) for such continued health, dental, and vision plan coverage following the date of the termination for up to 12 months (but in no event after such time as
Employee is eligible for coverage under a health, dental and vision insurance plan of a subsequent employer or as Employee and Employee’s dependents are no longer eligible for COBRA coverage). Employer shall have no obligation in respect of any
premium payments (or any other payments in respect of health, dental, and vision coverage from Employer) following the date of Employee’s coverage by a health, dental, and vision insurance plan of a subsequent employer. Employee shall be
required to notify Employer immediately if Employee becomes covered by a health, dental, and vision insurance plan of a subsequent employer. If the termination is due to circumstances described in Sections 8.06, Employer will pay up to 24 months of
COBRA coverage. 

  
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 Section 8.09 Termination by Employee 

Employee may terminate her employment without Good Reason by giving Employer at least ninety (90) days’ notice in advance. In such event, Employee
shall not receive severance, and all unvested options shall be cancelled. 
 ARTICLE IX. GENERAL PROVISIONS 

Section 9.01 Notices 
 Any notices to be given
hereunder by either party to the other shall be in writing and may be transmitted by personal delivery, electronic mail, or by mail, registered or certified, postage prepaid with return receipt requested. Mailed notices shall be addressed to the
parties at the addresses appearing in the introductory paragraph of this Agreement, but each party may change that address by written notice in accordance with this Section. Notices delivered personally shall be deemed communicated as of the date of
actual receipt; mailed notices shall be deemed communicated as of the date of mailing. 
 Section 9.02 Arbitration 

The parties agree to execute the Arbitration Agreement attached here to as EXHIBIT C, the terms of which are incorporated herein. 

Section 9.03 Attorneys’ Fees and Costs 

If any legal action is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorney’s fee,
costs, and necessary disbursements in addition to any other relief to which the prevailing party may be entitled. This provision shall be construed as applicable to the entire Agreement, including the Restrictive Covenant Agreement and any dispute
involving the option shares. A prevailing party shall be defined as the party who is entitled to affirmative relief, recovers at least fifty (50%) of any money requested, or owes no affirmative relief/action which was requested by the moving party.

 Section 9.04 Entire Agreement 

(a) This Agreement supersedes any and all other agreements, either oral or in writing, between the parties with respect to the employment of
Employee by Employer, and, together with the Restrictive Covenant Agreement, contains all of the covenants and agreements between the parties with respect to that employment in any manner whatsoever. 

(b) Each party to this Agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, other than
those set forth herein, have been made by any party, or anyone acting on behalf of any party, and that no other agreement, statement, or promise not contained in this Agreement shall be valid or binding. 

Section 9.05 Modifications 
 Any modification
of this Agreement will be effective only if it is in writing and signed by all the parties to this Agreement. 

  
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 Section 9.06 Copies 

This Agreement may be executed in counterparts, and each counterpart, when executed, shall have the efficacy of a signed original. Photostatic, facsimile and
email copies of such signed counterparts may be used in lieu of the originals for any purpose. 
 Section 9.07 Effect of Waiver 

The failure of either party to insist on strict compliance with any of the terms, covenants, or conditions of this Agreement by the other party shall not be
deemed a waiver of that term, covenant, or condition, nor shall any waiver or relinquishment of any right or power at any one time or times be deemed a waiver or relinquishment of that right or power for all or any other times. 

Section 9.08 Partial Invalidity 
 If any
provision in this Agreement is held by a court or arbitrator of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions shall nevertheless continue in full force without being impaired or invalidated in any way. This
Agreement was negotiated at arms-length and shall not be construed against its drafter as each party participated equally in its drafting. 

Section 9.09 Law Governing Agreement 
 This
Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey. 
 Section 9.10 Sums due Deceased Employee

 If Employee dies prior to the expiration of the term of her employment, any sums that may be due her from Employer under this Agreement as of the
date of death shall be paid to Employee’s executors, administrators, heirs, personal representatives, successors, and assigns. 

Section 9.11 Section Titles 
 The heading and
subheadings herein are inserted as a matter of convenience only and do not define, control or limit the scope of this Agreement or the intent or the provisions thereof. 

Section 9.12 Warranty of Capacity to Execute Agreement 

Employer and Employee represent and warrant that they have the mental capacity to understand the terms and conditions of this Agreement. 

Section 9.13 Compliance with Section 409A and Section 280G 

(i) General. The intent of the parties is that the payments and benefits under this Agreement comply with or be exempt
from Section 409A, Section 280G and Section 4999 of the IRC and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In the event of a Change in Control or similar

  
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transaction involving Employer or any its affiliates which could cause any portion of the compensation (including compensation attributable to option shares) or benefits provided to Employee
hereunder to be subject to the excise tax imposed under Section 4999 of the IRC, Employer shall take, upon mutual agreement, reasonable and necessary actions to help minimize the risk of such taxes being imposed. 

(ii) Separation from Service. Notwithstanding anything in this Agreement to the contrary, any compensation or benefits
payable under this Agreement that is considered nonqualified deferred compensation under Section 409A and is designated under this Agreement as payable upon Employee’s termination of employment shall be payable only upon Employee’s
“separation from service” with the Company within the meaning of Section 409A (a “Separation from Service”). 

(iii) Specified Employee. Notwithstanding anything in this Agreement to the contrary, if Employee is deemed by Employer
at the time of Employee’s Separation from Service to be a “specified employee” for purposes of Section 409A, to the extent delayed commencement of any portion of the benefits to which Employee is entitled under this Agreement is
required in order to avoid a prohibited distribution under Section 409A, such portion of Employee’s benefits shall not be provided to Employee prior to the earlier of (i) the expiration of the
six-month period measured from the date of Employee’s Separation from Service with Employer or (ii) the date of Employee’s death. Upon the first business day following the expiration of the
applicable Section 409A period, all payments deferred pursuant to the preceding sentence shall be paid in a lump sum to Employee (or Employee’s estate or beneficiaries), and any remaining payments due to Employee under this Agreement shall
be paid as otherwise provided herein. 
 (iv) Expense Reimbursements. To the extent that any reimbursements under this
Agreement are subject to Section 409A, any such reimbursements payable to Employee shall be paid to Employee no later than December 31 of the year following the year in which the expense was incurred; provided, that Employee submits
Employee’s reimbursement request promptly following the date the expense is incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, other than medical expenses
referred to in Section 105(b) of the Code, and Employee’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit. 

(v) Installments. Employee’s right to receive any installment payments under this Agreement, including without
limitation any continuation salary payments that are payable on Employer’s payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a
separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax
or interest pursuant to Section 409A. 

  
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 THE PARTIES ACKNOWLEDGE THAT EACH HAS READ THIS AGREEMENT IN ITS ENTIRETY, UNDERSTAND ALL OF THE TERMS AND
FREELY, VOLUNTARILY AND KNOWINGLY, WITHOUT DURESS OR COERCION, CONSENT TO ALL THE TERMS AND CONDITIONS CONTAINED THEREIN. 
 IN WITNESS WHEREOF, the parties
have caused this Agreement to be executed as of the date set forth herein. 
  

					
	EMPLOYEE	 		 	EMPLOYER
			
	/s/ Yuan Xu	 		 	/s/ Frank Zhang
	Yuan Xu	 		 	Frank Zhang
			
	March 23, 2018	 		 	 Chairman of the Executive Board
 Legend
Biotech

  
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 EXHIBIT A TO EMPLOYMENT AGREEMENT 

Employee’s other business duties or pursuits relating to for-profit enterprises involved in the same or related
industry as the Employer: 
 1.
                                         
                                         
                                         
                                      

2.
                                         
                                         
                                         
                                      

3.
                                         
                                         
                                         
                                      

4.
                                         
                                         
                                         
                                      

5.
                                         
                                         
                                         
                                      

6.
                                         
                                         
                                         
                                      

7.
                                         
                                         
                                         
                                      

8.
                                         
                                         
                                         
                                      

9.
                                         
                                         
                                         
                                      

10.                         
                                         
                                         
                                         
             
 None 

/s/ Yuan Xu 
 March 23, 2018 

  
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 EXHIBIT B TO EMPLOYMENT AGREEMENT 

INTELLECTUAL PROPERTY RIGHTS ASSIGNMENT, 

NON-COMPETITION AND CONFIDENTIALITY AGREEMENT 

As a condition of my employment with Legend Biotech (the “Company”) pursuant to my employment agreement with the Company
dated March 28, 2018 (the “Employment Agreement”), and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by the Company, I agree to the following provisions of
this Intellectual Property Rights Assignment, Non-Competition and Confidentiality Agreement (this “Agreement”): 

1. Confidential Information 

1.1 Legend Biotech Confidential Information. “Legend Biotech Confidential Information” means any non-public information that relates to the actual or anticipated business, research or development of the Company, its subsidiaries and affiliates (collectively the “Legend Biotech Group”), or that relates
to the Legend Biotech Group’s technical data, trade secrets, or know-how, including, but not limited to, research, product plans, or other information regarding the Legend Biotech Group’s products or
services and markets therefor, customer lists and customers (including, but not limited to, customers of the Legend Biotech Group on which I called or with which I may become acquainted during the term of my employment), software, developments,
inventions, ideas, processes, formulas, technologies, designs, drawings, engineering, specifications, information regarding routes of synthesis, patent analyses relating to products, test results, reports, studies, analyses, hardware configuration
information, marketing, distribution and sales, finances, projects, strategies, opportunities, and all other information which if disclosed would materially adversely affect the Legend Biotech Group or would aid or benefit its competitors; provided,
however, Legend Biotech Confidential Information does not include any of the foregoing items to the extent the same have become publicly known and made generally available through no wrongful act of mine or of others. 

1.2 Use of Legend Biotech Confidential Information. I agree that during and after my employment with the Company, I shall use
the Legend Biotech Confidential Information for the sole and exclusive benefit of the Legend Biotech Group. I agree not to otherwise use or exploit the Legend Biotech Confidential Information without the Company’s prior written consent, which
consent may be withheld in the Company’s sole and absolute discretion. 
 1.3 Confidentiality. During and after my
employment with the Company, I agree to hold in the strictest confidence, and will not, either directly or indirectly, disclose any Legend Biotech Confidential Information to any third party except as may be authorized by the Company in writing. I
understand that the absence of any marking or legend indicating that any particular information disclosed by the Legend Biotech Group is to be treated as confidential shall not limit or diminish my obligation to treat such information as
confidential information. I understand that my unauthorized use or disclosure of Legend Biotech Confidential Information during my employment may lead to disciplinary action, up to and including immediate termination and legal action by the Company.
I understand that nothing in this Agreement is intended to limit my rights to discuss the terms, wages, and working conditions of my employment, as protected by applicable law. 

  
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 1.4 Former Employer Information. I agree that during my employment with the
Company, I will not improperly use, disclose, or induce the Legend Biotech Group to use any proprietary information or trade secrets of any former or concurrent employer or other person or entity. I further agree that I will not bring onto the
premises of the Legend Biotech Group or transfer onto the Legend Biotech Group’s technology systems any unpublished document, proprietary information, or trade secrets belonging to any such employer, person, or entity unless consented to in
writing by both the Company and such employer, person, or entity. 
 1.5 Third Party Information. I recognize that the Legend
Biotech Group may have received and in the future may receive from third parties associated with the Legend Biotech Group, e.g., the Legend Biotech Group’s customers, suppliers, licensors, licensees, partners, or collaborators (“Associated
Third Parties”), their confidential or proprietary information (“Associated Third Party Confidential Information”). By way of example, Associated Third Party Confidential Information may include the habits or practices of Associated
Third Parties, the technology of Associated Third Parties, requirements of Associated Third Parties, and information related to the business conducted between the Legend Biotech Group and such Associated Third Parties. I agree at all times during my
employment with the Company and thereafter to hold in the strictest confidence, and not to use or, directly or indirectly, to disclose to any third party, any Associated Third Party Confidential Information, except as necessary in carrying out my
work for the Legend Biotech Group consistent with the Legend Biotech Group’s agreement with such Associated Third Parties. I further agree to comply with any and all of the Legend Biotech Group’s policies and guidelines that may be adopted
from time to time regarding Associated Third Parties and Associated Third Party Confidential Information. I understand that my unauthorized use or disclosure of Associated Third Party Confidential Information or violation of any Legend Biotech
Group’s policies during my employment may lead to disciplinary action, up to and including immediate termination and legal action by the Company. 

2. Inventions 

2.1 Inventions Retained and Licensed. I have attached hereto as Exhibit A, a list describing all inventions, patents,
discoveries, original works of authorship, developments, improvements, and trade secrets that were conceived in whole or in part by me prior to my employment with the Company (“Prior Inventions”), which belong solely to me or belong to me
jointly with others, and which relate to the Company’s proposed business, products, or research and development; or, if no such list is attached, I represent and warrant that there are no such Prior Inventions. Furthermore, I represent and
warrant that if any Prior Inventions are included on Exhibit A, they will not materially affect my ability to perform all obligations under this Agreement. If, in the course of my employment with the Company, I incorporate into or use in
connection with any product, process, service, technology, or other work by or on behalf of the Company any Prior Inventions, I hereby grant to the Legend Biotech Group a non-exclusive, royalty-free, fully paid-up, irrevocable, perpetual, transferable, worldwide license, with the right to grant and authorize sublicenses, to make, have made, modify, use, import, offer for sale, sell, reproduce, distribute, modify,
adapt, prepare derivative works of, display, perform, and otherwise exploit such Prior Inventions without restriction, including, without limitation, as part of or in 

  
 Page 14 | 26

 
connection with such product, process, service, technology, or other work, and to practice any method related thereto. I agree not to incorporate or use of any Prior Inventions without written
consent of the Company. I further represent and warrant that the incorporation and use of any Prior Inventions will not infringe upon any party or person’s rights or interests in the Prior Inventions, including but not limited to their
intellectual property rights. Moreover, I agree to fully indemnify the Company, its directors, officers, agents, employees, investors, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations, and
assigns for all verdicts, judgments, settlements, and other losses incurred by any of them resulting from my incorporation or use of any Prior Inventions, as well as any reasonable attorneys’ fees and costs. 

2.2 Assignment of Inventions. I agree that I will promptly make full written disclosure to the Company, will hold in trust for
the sole right and benefit of the Company, and agree to assign and hereby do irrevocably assign to the Company, or its designee, all my right, title, and interest in and to any and all inventions, original works of authorship, developments,
concepts, improvements, designs, discoveries, ideas, trademarks, or trade secrets, whether or not patentable or registrable under patent, copyright, or similar laws, which I may solely or jointly conceive or develop or reduce to practice, or cause
to be conceived or developed or reduced to practice, during the period of time I am in the employ of the Company (including during my off-duty hours), or with the use of Company’s equipment, supplies,
facilities, resources, or Legend Biotech Confidential Information (collectively referred to as “Inventions”). I further acknowledge that all original works of authorship that are made by me (solely or jointly with others) within the
scope of and during the period of my employment with the Company and that are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act. I understand and agree that the decision whether
or not to commercialize or market any Inventions is within the Company’s sole discretion and for the Company’s sole benefit, and that no royalty or other consideration will be due to me as a result of the Company’s efforts to
commercialize or market any such Inventions. 
 2.3 Moral Rights. Any assignment to the Company of Inventions includes all
rights of attribution, paternity, integrity, modification, disclosure and withdrawal, and any other rights throughout the world that may be known as or referred to as “moral rights,” “artist’s rights,” “droit
moral,” or the like (collectively, “Moral Rights”). To the extent that Moral Rights cannot be assigned under applicable law, I hereby waive and agree not to enforce any and all Moral Rights, including, without limitation, any right to
identification of authorship or limitation on subsequent modification that I may have in the assigned Inventions. 
 2.4
Maintenance of Records. I agree to keep and maintain adequate, current, accurate, and authentic written records of all Inventions made by me (solely or jointly with others) during the term of my employment with the Company. The records will
be in the form of notes, sketches, drawings, electronic files, reports, or any other format that may be specified by the Company. The records are and will be available to and remain the sole property of the Company at all times. 

2.5 Further Assurances. I agree to assist the Company, or its designee, at the Company’s expense, in every proper way to
secure the Company’s rights in the Inventions and any rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications,
specifications, oaths, assignments, and all other instruments that the Company shall deem proper 

  
 Page 15 | 26

 
or necessary in order to apply for, register, obtain, maintain, defend, and enforce such rights, and in order to assign and convey to the Company, its successors, assigns, and nominees the sole
and exclusive rights, title, and interest in and to such Inventions and any rights relating thereto, and testifying in a suit or other proceeding relating to such inventions and any rights relating thereto. I further agree that my obligations under
this Section 2.5 shall continue after the termination of this Agreement. If the Company is unable because of my mental or physical incapacity or for any other reason to secure my signature with respect to any Inventions, including, without
limitation, to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering such Inventions, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and
agents as my agent and attorney in fact, to act for and in my behalf and stead, to execute and file any papers and oaths, and to do all other lawfully permitted acts with respect to such Inventions with the same legal force and effect as if executed
by me. 
 3. Conflicting Employment 

3.1 Current Obligations. I agree that during the term of my employment with the Company, I will not engage in or undertake any
other employment, occupation, consulting relationship, or commitment that is directly related to the business in which the Company is now involved or becomes involved or has plans to become involved, nor will I engage in any other activities that
conflict with my obligations to the Company. 
 3.2 Prior Relationships. Without limiting Section 3.1, I represent that I have no
other agreements, relationships, or commitments to any other person or entity that conflict with my obligations to the Company under this Agreement or my ability to become employed and perform the services for which I am being hired by the Company.
I further agree that if I have signed a confidentiality agreement or similar type of agreement with any former employer or other entity, I will comply with the terms of any such agreement to the extent that its terms are lawful under applicable law.
I represent and warrant that after undertaking a careful search (including searches of my computers, cell phones, electronic devices, and documents), I have returned all property and confidential information belonging to all prior employers.
Moreover, I agree to fully indemnify the Company, its directors, officers, agents, employees, investors, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations, and assigns for all verdicts,
judgments, settlements, and other losses incurred by any of them resulting from my breach of my obligations under any agreement to which I am a party or obligation to which I am bound, as well as any reasonable attorneys’ fees and costs if the
plaintiff is the prevailing party in such an action, except as prohibited by law. 
 4.
Non-Competition 
 4.1 I agree that, during the term of my employment with the
Company, and for a period of twelve (12) months immediately following the termination of my employment for any reason, I will not, without the prior written consent of the Company, serve as a partner, member, owner, employee, consultant,
officer, director, manager, agent, associate, investor or otherwise for any company whose work involves CAR-T Drug Discovery and Cell therapy: provided, however, that if my employment is terminated during the
Introductory Period (as defined in the Employment Agreement), (a) such twelve (12) month non-compete requirement shall not apply, and (b) the Company may, in its discretion, require me to refrain
from competition for period of three (3) months following termination, by continuing to pay me 60% of my regular base salary, as defined in Section 5.01 of the Employment Agreement, for a period of three (3) months. 

  
 Page 16 | 26

 4.2 I acknowledge that I will have access to Legend Biotech Confidential Information
during my employment to enable me to optimize the performance of my duties for the Company. I further acknowledge that my fulfillment of the obligations contained in this Agreement, including, but not limited to, my obligation neither to disclose
nor to use the Legend Biotech Confidential Information other than for the exclusive and sole benefit of the Legend Biotech Group and my obligation not to compete contained in Section 4.1 above, is necessary, reasonable, and required to protect
the Legend Biotech Confidential Information and, consequently, to preserve and protect the value, interest, and goodwill of the Company. I further acknowledge the time, geographic and scope limitations of my obligations under Section 4.1 above
are reasonable, especially in light of the Company’s legitimate interest to protect Legend Biotech Confidential Information, and that I will not be precluded from gainful employment if l am obligated not to compete with the Company during the
period and within the Territory as described above. I further agree that the salary and compensation I receive during my employment with the Company reasonably and adequately compensate my obligation under Section 4, and such obligation under
Section 4 will not impose undue burden on me. 
 4.3 I acknowledge and agree that monetary damages would be an insufficient
remedy for any violation or breach of the non-compete obligation under Section 4 and any such violation or breach will cause irreparable harm to the Company, its subsidiaries and affiliates. I agree that
the Company, on its own behalf or on behalf of its affiliates or subsidiaries, shall be entitled to specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive
remedies for a breach of the covenants set forth in Section 4, but shall be in addition to all remedies available at law or in equity to the Company, including, without limitation, the recovery of damages from me. 

4.4 Compensation for Non-Competition; Termination Certificate 

(a) Following my termination of employment, unless my employment is terminated during the Introductory Period, I agree that I will sign and execute the
Termination Certification attached as Exhibit B. If l am leaving to accept a new position, and if the Company reasonably determines that the new position (as described in the Termination Certification) is in competition with the Company within the
meaning of Section 4.1, I agree to not accept the new position within the 12- month non-compete period. 

(b) If my employment was terminated (i) by the Company for Cause, or (ii) by me without Good Reason, then in consideration for my non-competition obligation, the Company will pay me an amount equal to seven (7) months’ base salary, based on my base salary for the twelve (12) month period immediately preceding my termination date
(the “Compensation”). The Compensation will be paid in equal monthly installments over the twelve-month period immediately following my employment termination date; provided, however, that the Company may thereafter, in its discretion,
waive the non-competition obligation by providing me with one-month’s advance notice in writing, and following such notice the Company shall no longer be obligated
to pay me the Compensation, and I shall no longer be subject to the non-competition obligation. If my 

  
 Page 17 | 26

 
employment was terminated by the Company for Performance, terminated without Cause, terminated due to Change in Control, or if I resigned for Good Reason, in each case as defined in the
Employment Agreement, I will be paid severance as provided in the Employment Agreement, and will not be entitled to the Compensation outlined above, and will still be required to comply with the
non-competition obligation set forth in Section 4.1. 
 (c) I agree that if I fail to execute and deliver the
Termination Certification required under Section 4.4(a), my right to the Compensation shall be deemed waived, but such waiver shall not release or diminish my non-competition obligation under
Section 4.1 of this Agreement. 
 5. Returning Company Documents and Property 

Upon termination of or resignation from employment with the Company, or on demand by the Company during my employment, I shall immediately
deliver to the Company, and shall not keep in my possession, recreate, or deliver to anyone else, any and all Company property, including, but not limited to, Legend Biotech Confidential Information, Associated Third Party Confidential Information,
as well as all devices and equipment belonging to the Company, its subsidiaries and affiliates (including computers, handheld electronic devices, telephone equipment, and other electronic devices), credit cards, records, data, notes, notebooks,
reports, files, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, photographs, charts, any other documents and property, and reproductions of any and all of the aforementioned items that were developed by
me pursuant to my employment with the Company, obtained by me in connection with my employment with the Company, or otherwise belonging to the Company, its subsidiaries or affiliates. I also consent to an exit interview to confirm my compliance with
this Section 5. 
 6. Home or Business Address 

I agree to keep the Company advised of my home and business address for a period of three (3) years after termination of my employment
with the Company, so that the Company can contact me regarding my continuing obligations provided by this Agreement. 
 7. Notification
of New Employer 
 In the event that I leave the employment of the Company, I hereby grant consent to notification by the Company to my
new employer about my obligations under this Agreement. 
 8. Non-solicitation of Employees

 I agree that for a period of twelve (12) months immediately following the termination of my relationship with the Company for any
reason, whether voluntary or involuntary, with or without cause, I shall not either directly or indirectly solicit any of the Company’s employees to leave their employment, or attempt to solicit employees of the Company, either for myself or
for any other person or entity. I agree that nothing in this Section 8 shall affect my continuing obligations under this Agreement during and after this twelve (12) month period, including, without limitation, my obligations under
Section 1. 

  
 Page 18 | 26

 9. Conflict of Interest Guidelines 

I agree to diligently adhere to all policies of the Company, including the Company’s insider’s trading policies and the
Company’s Conflict of Interest Guidelines. A copy of the Company’s current Conflict of Interest Guidelines is attached as Exhibit C hereto, but I understand that these Conflict of Interest Guidelines may be revised from time to time during
my employment. 
 10. Representations 

I agree to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. I represent that my
performance of all the terms of this Agreement will not breach any agreement prior to my employment by the Company in which I am a party. I hereby represent and warrant that I have not entered into, and I will not enter into, any oral or written
agreement in conflict with this Agreement. 
 11. Audit 

I acknowledge that I have no reasonable expectation of privacy in any computer, technology system, email, handheld device, telephone, or
documents that are used to conduct the business of the Company. As such, the Company has the right to audit and search all such items and systems, without further notice to me, to ensure that the Company is licensed to use the software on the
Company’s devices in compliance with the Company’s software licensing policies, to ensure compliance with the Company’s policies, and for any other business-related purposes in the Company’s sole discretion. I understand that I
am not permitted to add any unlicensed, unauthorized, or non-compliant applications to the Company’s technology systems, including, without limitation, open source or free software not authorized by the
Company, and that I shall refrain from copying unlicensed software onto the Company’s technology systems or using non-licensed software or websites. I understand that it is my responsibility to comply with the Company’s policies governing
use of the Company’s documents and the internet, email, telephone, and technology systems to which I will have access in connection with my employment. 

12. Voluntary Nature of Agreement 

I ACKNOWLEDGE AND AGREE THAT I VOLUNTARILY ENTER INTO THIS AGREEMENT WITHOUT ANY DURESS OR UNDUE INFLUENCE BY THE COMPANY OR ANYONE ELSE. I
FURTHER ACKNOWLEDGE AND AGREE THAT I HAVE CAREFULLY READ THIS AGREEMENT AND THAT I COMPLETELY UNDERSTAND THE TERMS, CONSEQUENCES, AND BINDING EFFECT OF THIS AGREEMENT. I HAVE BEEN PROVIDED AN OPPORTUNITY TO SEEK THE ADVICE OF AN ATTORNEY OF MY
CHOICE BEFORE SIGNING THIS AGREEMENT. 
 General Provisions. 

12.1 Governing Law; Consent to Personal Jurisdiction. This Agreement will be governed by the laws of the State of New Jersey
without giving effect to any choice-of-law rules or principles that may result in the application of the laws of any jurisdiction other than New Jersey. I hereby
expressly consent to the personal and exclusive jurisdiction and venue of the state and federal courts located in New Jersey for any lawsuit filed against me by the Company. 

  
 Page 19 | 26

 12.2 Entire Agreement. This Agreement, together with the Exhibits herein and
any executed written offer letter between me and the Company, to the extent such materials are not in conflict with this Agreement, sets forth the entire agreement and understanding between the Company and me relating to the subject matter herein
and supersedes all prior discussions or representations between us, including, but not limited to, any representations made during my interview(s) or relocation negotiations, whether written or oral. No modification of or amendment to this
Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the chairman of the Board and me. 

12.3 Severability. If one or more of the provisions in this Agreement are deemed void by law, the remaining provisions will
continue in full force and effect. 
 12.4 Successors and Assigns. This Agreement will be binding upon my heirs, executors,
assigns, administrators, and other legal representatives, and will be for the benefit of the Company, its subsidiaries and affiliates, and their successors and assigns. There are no intended third-party beneficiaries to this Agreement, except as
expressly stated herein. Notwithstanding anything to the contrary herein, Company may assign this Agreement and its rights and obligations under this Agreement to any successor to all or substantially all of the Company’s relevant assets,
whether by merger, consolidation, sale of assets or stock, or otherwise. 
 12.5 Waiver. Waiver by the Company of a breach of
any provision of this Agreement will not operate as a waiver of any other or subsequent breach. Any waiver must be in writing. 

12.6 Survivorship. The rights and obligations of the parties to this Agreement will survive termination of my employment with
the Company. 
 12.7 Signatures. This Agreement may be signed in two counterparts, each of which shall be deemed an original,
with the same force and effectiveness as though executed in a single document. 
  

					
	Employee:	 		 	Legend Biotech:
			
	/s/ Yuan Xu	 		 	/s/ Frank Zhang
	March 23, 2018	 		 	
	Signature	 		 	Signature
			
	Yuan Xu	 		 	FRANK ZHANG
	Name of Employee (typed or printed)	 		 	Name (typed or printed) and Title

  
 Page 20 | 26

 Exhibit A 

LIST OF PRIOR INVENTIONS 

AND ORIGINAL WORKS OF AUTHORSHIP 

Identifying Number or Brief 
  

					
	Title	  	Date	  	Description

 None 
  

	
	 __No inventions or improvements__
 Additional
Sheets Attached

	
	Signature of Employee: /s/ Yuan Xu
	
	Print Name of Employee: Yuan Xu
	
	Date: March 23, 2018

  
 Page 21 | 26

 Exhibit B 

TERMINATION CERTIFICATION 

This is to certify that I do not have in my possession, nor have I failed to return, Legend Biotech Confidential Information as defined in
Section 1.1 of the Intellectual Property Rights Assignment, Non-Competition and Confidentiality Agreement (the “Agreement”) and the Company Documents and Property as set forth in Section 5
of the Agreement, any other documents or property, or reproductions of any and all aforementioned items belonging to Legend Biotech USA Incorporated, its subsidiaries, affiliates, their successors or assigns (together, the “Company”). 

I further certify that I have complied with all the terms of the Agreement signed by me, including the reporting of any inventions and
original works of authorship (as defined therein) conceived or made by me (solely or jointly with others), as covered by the Agreement. 
 I
further agree that, in compliance with the Agreement, I will preserve as confidential all Legend Biotech Confidential Information and Associated Third Party Confidential Information, including trade secrets, confidential knowledge, data, or other
proprietary information relating to products, services, processes, know-how, designs, formulas, developmental or experimental work, computer programs, databases, other original works of authorship, customer
lists, business plans, financial information, or other subject matter pertaining to any business of the Company, its subsidiaries, affiliates, or any of its employees, clients, consultants, or licensees. 

I further agree that, in compliance with the non-competition provisions under Section 4 of the
Agreement and within twelve (12) months from the termination date, I will not directly or indirect compete with the Company within the scope and territory set forth in Section 4 of the Agreement. 

I also agree that for twelve (12) months from this date, I will not either directly or indirectly solicit any of the Company’s
employees (i) to leave their employment, or (ii) to enter into an employment, consulting, contractor, or other relationship with any other person, firm, business entity, or organization (including with myself). I agree that nothing in this
paragraph shall affect my continuing obligations under the Agreement during and after this twelve (12) month period, including, without limitation, my obligations under Section 1 thereof. 

After leaving the Company’s employment, I will be employed by in the position of: 

 

							
				
	Date:                    	 		 	Signature of employee:	 	 
				
		 		 	Print name:	 	

 Address for Notifications: 

  
 Page 22 | 26

 Exhibit C 

CONFLICT OF INTEREST GUIDELINES 

It is the policy of Legend Biotech USA Incorporated to conduct its affairs in strict compliance with the letter and spirit of the law and to
adhere to the highest principles of business ethics. Accordingly, all officers, employees, and independent contractors must avoid activities that are in conflict, or give the appearance of being in conflict, with these principles and with the
interests of the Company. The following are potentially compromising situations that must be avoided: 
  

	 	1.	 Revealing confidential information to outsiders or misusing confidential information. Unauthorized divulging of
information is a violation of this policy whether or not for personal gain and whether or not harm to the Company is intended. (The Intellectual Property Rights Assignment, Non-Competition and Confidentiality
Agreement elaborate on this principle and is a binding agreement.) 

  

	 	2.	 Accepting or offering substantial gifts, excessive entertainment, favors, or payments that may be deemed to
constitute undue influence or otherwise be improper or embarrassing to the Company. 

  

	 	3.	 Participating in civic or professional organizations that might involve divulging confidential information of
the Company. 

  

	 	4.	 Initiating or approving personnel actions affecting reward or punishment of employees or applicants where there
is a family relationship or is or appears to be a personal or social involvement. 

  

	 	5.	 Initiating or approving any form of personal or social harassment of employees. 

 

	 	6.	 Investing or holding outside directorship in suppliers, customers, or competing companies, including financial
speculations, where such investment or directorship might influence in any manner a decision or course of action of the Company. 

  

	 	7.	 Borrowing from or lending to employees, customers, or suppliers. 

 

	 	8.	 Acquiring real estate of interest to the Company. 

 

	 	9.	 Improperly using or disclosing to the Company any proprietary information or trade secrets of any former or
concurrent employer or other person or entity with whom obligations of confidentiality exist. 

  

	 	10.	 Unlawfully discussing prices, costs, customers, sales, or markets with competing companies or their employees.

  

	 	11.	 Making any unlawful agreement with distributors with respect to prices. 

  
 Page 23 | 26

	 	12.	 Improperly using or authorizing the use of any inventions that are the subject of patent claims of any other
person or entity. 

  

	 	13.	 Engaging in any conduct that is not in the best interest of the Company. 

Each officer, employee, and independent contractor must take every necessary action to ensure compliance with these guidelines and to bring
problem areas to the attention of higher management for review. Violations of this conflict of interest policy may result in discharge without warning. 

  
 Page 24 | 26

 EXHIBIT C TO EMPLOYMENT AGREEMENT 

ARBITRATION AGREEMENT 
 This Arbitration Agreement
(“Agreement”) is entered into by and between Legend Biotech USA Inc., (the “Employer”), and Yuan Xu (the “Employee”) (the Employer and the Employee are collectively referred to herein as the “Parties”) as of
March 28, 2018 (the “Effective Date”). 
 In consideration of the Employee’s continued employment by the Employer,
which the Employee acknowledges to be for good and valuable consideration for her obligations hereunder, Employer and the Employee hereby agree as follows: 

Both Parties recognize that differences may arise between them. The Parties mutually consent to the resolution by arbitration of any and all
claims/controversies/disputes arising out of this Agreement or the Employee’s employment with Employer, including, but not limited to, any and all claims by the Employee against Employer (including, but not limited to, harassment,
discrimination, whistleblower, wage and hour claims, and leave issues), and any and all claims by Employer against the Employee. 
 Both
Parties understand that federal, state and administrative avenues to resolve disputes/claims exist. Both parties are waiving their right to pursue those avenues, specifically, both Parties are waiving their right to a jury trial. This waiver is made
voluntarily, knowingly and free from duress or coercion. The Parties understand that any other avenues/forums/jurisdictions/remedies are forever precluded and regardless of the nature of the claim/dispute, the Parties understand that any
claim/controversy/dispute can only be resolved through arbitration. 
 There will be a single arbitrator to be selected and agreed upon by
the Parties. The arbitration shall be in accordance with the then current rules of the AAA (American Arbitration Association). The arbitration will take place in Piscataway, New Jersey. 

The Arbitrator shall apply the substantive law (and the law of remedies, if applicable) of New Jersey. The Arbitrator, and not a federal,
state or local court or agency, shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability or formulation of this Agreement, including, but not limited to, any claim that all or any part of
this Agreement is void. 
 The arbitration shall be final and binding upon the Parties. 

Except as provided in the Employment Agreement between the Parties dated March 28, 2018, each party shall bear its own costs and fees
(including, but not limited to, attorneys’ fees) for the arbitration unless same are awarded by the arbitrator. Further, the parties shall equally share/be responsible for the costs and fees of the arbitration and arbitrator unless same are
awarded by the arbitrator. 
 Employee and Employer represent and warrant that they have the mental capacity to understand the terms and conditions of this
Agreement. 

  
 Page 25 | 26

 THE PARTIES ACKNOWLEDGE THAT THEY HAVE READ THIS AGREEMENT IN ITS ENTIRETY, UNDERSTAND ALL OF THE TERMS AND
FREELY, VOLUNTARILY AND KNOWINGLY, WITHOUT DURESS OR COERCION, CONSENT TO ALL THE TERMS AND CONDITIONS CONTAINED THEREIN. 
  

					
	EMPLOYEE	 		 	EMPLOYER
			
	/s/ Yuan Xu	 		 	/s/ Frank Zhang
	Yuan Xu	 		 	Frank Zhang
			
	March 23, 2018	 		 	 Chairman of the Executive Board

Legend Biotech

  
 Page 26 | 26EX-10.4

 Exhibit 10.4 

April 20th, 2019 

Ying Huang, PhD 
 908-307-8008 
 vhuang1992@gmail.com 

Dear Ying, 
 Congratulations! We are pleased to offer you
the full time position of Chief Financial Officer at Legend Biotech USA, Inc. (referred to as “the Company” in the rest of this document.) We trust that your knowledge, skills and experience will be among our most valuable assets. The
following is a summary of your compensation package. 
 Location: New Jersey, USA 

Remuneration: The base salary for this position is $450,000 per year, plus 40% of annual base salary as the
year-end performance-based bonus target. The year-end bonus is based on employee’s performance rating. The first year’s bonus accrual is prorated based on
percentage of time employed. 
 Long-term Incentive Plan: 

You will be eligible to participate in Legend Biotech share option plan, which is a performance-based incentive plan. You will be granted a total of 1,000,000
option shares in the year of 2019, and the options will be vested evenly in 5 years starting from the first anniversary of the grant date. The purchase price per share for these total 1,000,000 shares will be at the fair market value on the grant
date upon the board of Legend Biotech’s approval. The terms of the grants will be in accordance with the LEGEND BIOTECH CORPORATION SHARE OPTION SCHEME. 

In the event that Legend is acquired by another company, if the new ownership of the employer decides to terminate and/or not hire you under terms
substantially similar in all material respects to your employment prior to the acquisition, then you will receive severance pay equal to 6 months of then-current base salary and all unvested options will vest immediately upon the board of Legend
Biotech’s approval provided that same would not violate the option scheme at that time. 
 Company Benefits: You will be eligible for Health,
Dental and Vision coverage, as well as subsidized coverage for family members. You will be automatically enrolled in Accidental Death and Dismemberment, Long Term Disability and life Insurance. You will also be eligible to participate in
Employer’s 401(k) plan. 
 Non-competition: You are required to sign the “INTELLECTUAL PROPERTY
RIGHTS ASSIGNMENT, NON-COMPETITION AND CONFIDENTIALITY AGREEMENT” with Legend Biotech prior to the employment. 

Legend Biotech USA. Inc. 
 10
Knightsbridge Rd, Piscataway, NJ 08854 | 2101 Cottontail Lane, Somerset NJ 08873 

 Commencement Date: Your employment will commence on July 22nd, 2019. This offer is valid for THREE
business days from the date of issuance. 
 At will: Your employment with the Company is at-will. 

This summary supersedes all other commitments either verbal or written that may have been made to you before. 

Your offer is contingent upon the followings: 1) satisfactory reference check and background check, including, but not limited to: verification of education,
previous employment, personal history verification, and criminal history; 2) your employment with the company will be confirmed only after we receive the results of a drug-screening procedure. Please complete your drug screen within 72 hours from
the receipt of the email from our vendor; 3) verification of your right to work in the United States. The 1986 Immigration Reform and Control Act requires U.S. employers to ensure that all candidates for employment are legally authorized to work.
Therefore, you must furnish documentation of your identity and authorization to work in the U.S. 
 Sincerely, 

/s/ Yuan Xu 
 Yuan Xu 

Chief Executive Officer, Legend Biotech 
 Offer
Confirmation 
 I, Ying Huang, hereby accept the offer by Legend Biotech USA, Inc. 

 

					
			
	/s/ Ying Huang	 		 	4/20/2019
	Candidate Employee Signature	 		 	Date

 Legend Biotech USA. Inc. 

10 Knightsbridge Rd, Piscataway, NJ 08854 | 2101 Cottontail Lane, Somerset NJ 08873

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