Document:

EX-10.20

 

Exhibit 10.20

STOCK OPTION AGREEMENT

(Non-Qualified Stock Option to Employee)

PURSUANT TO

SAVIENT PHARMACEUTICALS, INC.

2004 INCENTIVE PLAN

* * *

     NON-QUALIFIED STOCK OPTION AGREEMENT made as of date, between SAVIENT PHARMACEUTICALS,
INC., a Delaware corporation (the “Company”), and NAME, an employee of the Company or of a
subsidiary of the Company (the “Optionee”).

W I T N E S S E T H:

     WHEREAS, the Company desires, by affording the Optionee an opportunity to purchase shares of
its Common Stock, $.01 par value per share (the “Common Stock”), as hereinafter provided, to carry
out the purpose of the Company’s 2004 Incentive Plan (the “Plan”):

     NOW THEREFORE, in consideration of the premises and of the mutual covenants and agreements
hereinafter contained, the parties hereto mutually covenant and agree as follows:

     1. Grant of Option. The Company hereby grants to the Optionee a non-qualified stock
option to purchase all or any part of an aggregate of number shares of Common Stock (such number
being subject to adjustment as provided in Paragraph 6) on the terms and conditions hereinafter set
forth (the “Option”).

     2. Purchase Price. The purchase price of the shares of Common Stock issuable upon
exercise of the Option (the “Option Price”) shall be $price per share, which is not less than one
hundred percent (100%) of the fair market value per share of Common Stock on the date hereof.
Payment shall be made in cash, by certified check or in shares of Common Stock in the manner
prescribed in Paragraph 7 hereof.

     3. Term of Option. The term of the Option shall be for a period of ten (10) years
from the date hereof, subject to earlier termination as provided in Paragraph 5. The Option is
exercisable during its term only in accordance with the provisions of Exhibit A attached
hereto.

     Except as provided in Paragraph 5, the Option may not be exercised unless, at the time the
Option is exercised and at all times from the date it was granted, the Optionee shall then be and
shall have been, an employee of the Company or any subsidiary.

     4. Nontransferability. The Option shall not be transferable otherwise than by will
or the laws of descent and distribution to the extent provided in Paragraph 5, and the Option may
be exercised, during the lifetime of the Optionee, only by him. More particularly (but without
limiting the generality of the foregoing), the Option may not be assigned, transferred (except as
provided above), pledged or hypothecated in any way, shall not be assignable by operation of law,
and shall

1

 

not be subject to
execution, attachment or similar process. Any attempted assignment, transfer, pledge,
hypothecation or other disposition of the Option contrary to the provisions hereof and of the Plan,
and the levy of any execution, attachment, or similar process upon the Option, shall be null and
void and without effect; provided, however, that if the Optionee shall die while in the employ of
the Company or any subsidiary, his estate, personal representative, or beneficiary shall have the
right to exercise the Option to the extent provided in Paragraph 5.

     5. Termination of Option. If the Optionee shall cease to be employed by the Company
or any subsidiary as the result of his dismissal without cause, then the Option, to the extent that
it is exercisable by him at the time he ceases to be employed by the Company or any subsidiary, and
only to the extent that the Option is exercisable as of such time, may be exercised by him within
three (3) months after such time; provided, however, that the Compensation Committee may, in its
sole discretion, determine that he has more than three (3) months from the date he ceases to be
employed by the Company or any subsidiary to exercise the Option.

     If the Optionee shall cease to be employed by the Company or any subsidiary as the result of
his dismissal for cause (as determined by the Board of Directors in its sole discretion), then the
Compensation Committee may, in its sole discretion, determine that the Option, to the extent that
it is exercisable by the Optionee at the time he ceases to be employed by the Company or any
subsidiary, and only to the extent that the Option is exercisable as of such time, may be exercised
by him within thirty (30) days after such time.

     If the Optionee shall cease to be employed by the Company or any subsidiary as the result of
his disability, then the Option, to the extent that it is exercisable by him at the time he ceases
to be employed by the Company or any subsidiary, and only to the extent that the Option is
exercisable as of such time, may be exercised by him within twelve (12) months after such time.

     If the Optionee shall voluntarily terminate his employment with the Company or any subsidiary,
then the Option, to the extent that it is exercisable by the Optionee at the time he ceases to be
employed by the Company or any subsidiary, and only to the extent that the Option is exercisable as
of such time, may be exercised by him within three (3) months after such time; provided, however,
that the Compensation Committee may, in its sole discretion, determine that he has more than three
(3) months from the date he ceases to be employed by the Company or any subsidiary to exercise the
Option.

     If the Optionee shall die while in the employ of the Company or any subsidiary, his estate,
personal representative, or beneficiary shall have the right, subject to the provisions of
Paragraph 3, to exercise the Option (to the extent that the Optionee would have been entitled to do
so at the time of his death) at any time within twelve (12) months from the date of his death.

     6. Changes in Capital Stock. Upon any readjustment or recapitalization of the
Company’s capital stock whereby the character of the Common Stock shall be changed, appropriate
adjustments shall be made so that the capital stock issuable upon exercise of the Option after such
readjustment or recapitalization shall be the substantial equivalent of the Common Stock issuable
upon exercise of the Option. In the case of a merger, sale of assets or similar transaction which
results in a replacement of the Common Stock with stock of another corporation, the Company will
make a reasonable effort, but shall not be required, to replace any outstanding Options granted
under the Plan with comparable options to purchase the stock of such other corporation, or will
provide for immediate maturity of all outstanding Options, with all Options not being exercised

2

 

within the time period specified by the Board
of Directors being terminated.

     7. Method of Exercising Option. Subject to the terms and conditions of this
Agreement, the Option may be exercised by written notice to the Company at its offices at One Tower
Center, 14th floor, East Brunswick, New Jersey 08816 (Attention: President), or as
otherwise directed by the Company. Such notice shall state that the Option is being exercised
thereby and the number of shares of Common Stock in respect of which it is being exercised. It
shall be signed by the person or persons so exercising the Option and shall be accompanied by
payment in full of the Option Price for such shares of Common Stock in cash, by certified check or
in shares of Common Stock, provided that such shares of Common Stock are not subject to any
repurchase, forfeiture, unfulfilled vesting or other similar requirements.

     If shares of Common Stock are tendered as payment of the Option Price, the value of such
shares shall be their fair market value as of the date of exercise. If such tender would result in
the issuance of fractional shares of Common Stock, the Company shall instead return the balance in
cash or by check to the Optionee. The Company shall issue, in the name of the person or persons
exercising the Option, and deliver a certificate or certificates representing such shares as soon
as practicable after notice and payment shall be received.

     In the event the Option shall be exercised by any person or persons other than the Optionee,
pursuant to Paragraph 5, such notice shall be accompanied by appropriate proof of the right of such
person or persons to exercise the Option.

     The Optionee shall have no rights of a stockholder with respect to shares of Common Stock to
be acquired by the exercise of the Option until a certificate or certificates representing such
shares are issued to him. All shares of Common Stock purchased upon the exercise of the Option as
provided herein shall be fully paid and non-assessable.

     8. Treatment of Options. It is intended that this Option shall not be an “incentive
stock option” as defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any
regulations promulgated thereunder (the “Code”).

     9. General. The Company shall at all times during the term of the Option reserve and
keep available such number of shares of Common Stock as will be sufficient to satisfy the
requirements of this Agreement, shall pay all original issue taxes, if any, with respect to the
issuance of shares of Common Stock pursuant hereto and all other fees and expenses necessarily
incurred by the Company in connection therewith, and shall, from time to time, use its best efforts
to comply with all laws and regulations which, in the opinion of counsel for the Company, shall be
applicable thereto.

     10. Representations of Optionee. The Optionee hereby represents that he and any
related persons or entities, within the meaning of Section 425(d) of the Code, do not own as much
as ten percent (10%) of the total combined voting power of all classes of capital stock of the
Company, and in accepting the Option herein granted to him, agrees to the terms of such Option as
of the date hereof.

     11. Notices. Each notice relating to this Agreement shall be in writing and
delivered in person or by first class mail, postage prepaid, to the address as hereinafter
provided. Each notice shall be deemed to have been given on the date it is received. Each notice
to the Company shall be

3

 

addressed to it at its offices at One Tower Center, 14th floor,
East Brunswick, New Jersey 08816 (Attention: President). Each notice to the Optionee or other
person or persons then entitled to exercise the Option
shall be addressed to the Optionee or such other person or persons at the Optionee’s last
known address.

     12. Reimbursement of Expenses. If the Optionee is not a citizen or resident of the
United States, the Optionee, as a condition hereof, agrees to reimburse the Company at its request
for any foreign exchange premiums or license, transfer taxes or similar sums of money payable
outside the United States by the Company in connection with the exercise of the Option under this
Agreement.

     13. Incorporation of Plan. Notwithstanding the terms and conditions herein, this
Agreement shall be subject to and governed by all the terms and conditions of the Plan. A copy of
the Plan has been delivered to the Optionee and is hereby incorporated by reference. In the event
of any discrepancy or inconsistency between the terms and conditions of this Agreement and of the
Plan, the terms and conditions of the Plan shall control.

     14. Continuance of Employment. The granting of the Option is in consideration of the
Optionee’s continuing employment by the Company or any subsidiary; provided, however, nothing in
this Agreement shall
confer upon the Optionee the right to continue in the employ of the Company or
any subsidiary or affect the right of the Company or any subsidiary to terminate the Optionee’s
employment at any time in the sole discretion of the Company or any subsidiary, with or without
cause.

     15. Interpretation. The interpretation and construction of any terms or conditions
of the Plan, or of this Agreement or other matters related to the Plan by the Compensation and
Stock Option Plan Committee shall be final and conclusive.

     16. Enforceability. This Agreement shall be binding upon the Optionee, his estate,
his personal representatives and beneficiaries.

4

 

     IN WITNESS WHEREOF, the Company has caused this Agreement to be duly exercised by its officer
thereunto duly authorized, and the Optionee has hereunto set his hand all as of the day and year
first above written.

	 	 	 	 	 	 	 	 	 
	 	 	SAVIENT PHARMACEUTICALS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Authorized Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	OPTIONEE	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Name	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Address:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 

5

 

EXHIBIT A

TO

STOCK OPTION AGREEMENT

          The Option is exercisable during its term only in accordance with the following:

	 	 	 	 	 	 	 	 	 
	Number of Years From Date of	 	Percentage Exercisable
	Option Agreement	 	Per Time Period	 	Cumulative
	One
	 	 	25% = #	 	 	 	25% = #	 
	Two
	 	 	25% = #	 	 	 	50% = #	 
	Three
	 	 	25% = #	 	 	 	75% = #	 
	Four
	 	 	25% = #	 	 	 	100% = #	 

          Notwithstanding the foregoing, if there occurs a Change in Control of the Company, the Option
shall become immediately exercisable in full whether or not the dates above have passed. For
purposes hereof, a Change in Control of the Company is deemed to occur if (1) there occurs (A) any
consolidation or merger in which the Company is not the continuing or surviving entity or pursuant
to which shares of the Common Stock would be converted into cash, securities or other property,
other than a merger of the Company in which the holders of the Common Stock immediately prior to
the merger have the same proportionate ownership of common stock of the surviving corporation
immediately after the merger, or (B) any sale, lease, exchange or other transfer (in one
transaction or a series of related transactions) of all or substantially all the Company’s assets;
(2) the Company’s stockholders approve any plan or proposal for the liquidation or dissolution of
the Company; (3) any person (as such term is used in Sections 13(d) and 14(d)(2) of the Securities
Exchange Act of 1934) shall become the beneficial owner (within the meaning of Rule 13d-3 under
said Act) of 40% or more of the Common Stock other than pursuant to a plan or arrangement entered
into by such person and the Company; or (4) during any period of two consecutive years, individuals
who at the beginning of such period constitute the entire Board of Directors shall cease for any
reason to constitute a majority of the Board unless the election or nomination for election by the
Company’s stockholders of each new director was approved by a vote of at least two-thirds of the
directors then still in office who were directors at the beginning of the period.

6EX-10.21

 

Exhibit
10.21

Savient Pharmaceuticals, Inc.

Restricted Stock Agreement

Granted Under 2004 Incentive Plan

     AGREEMENT made [DATE], between Savient Pharmaceuticals, Inc., a Delaware corporation (the
“Company”), and [NAME] (the “Participant”).

     For valuable consideration, including employment services rendered and to be rendered by the
Participant to the Company, the parties hereto agree as follows:

     1. Purchase of Shares.

     The Company shall issue to the Participant, subject to the terms and conditions set forth in
this Agreement and in the Company’s 2004 Incentive Plan (the “Plan”), [#] shares (the
“Shares”) of common stock, $0.01 par value, of the Company (“Common Stock”). The
Shares will be held in book entry by the Company’s transfer agent in the name of the Participant
for that number of Shares issued to the Participant. The Participant agrees that the Shares shall
be subject to the forfeiture provisions set forth in Section 2 of this Agreement and the
restrictions on transfer set forth in Section 4 of this Agreement.

     2. Vesting.

          (a) In the event that the Participant ceases to be employed by the Company for any reason or
no reason, with or without cause, prior to three years from the date hereof, any Unvested Shares
shall be forfeited immediately and automatically to the Company in exchange for $.01 per Share.
Notwithstanding anything herein to the contrary, if the Shares do not vest on or before the
occurrence of one or more of the events set forth in this Section 2, the Shares shall automatically
be forfeited to the Company in exchange for $0.01 per Share. The aggregate amount to be paid for by
the Company to the Participant upon forfeiture of the Shares shall be referred to herein as the
“Forfeiture Amount”.

          (b) “Unvested Shares” means the total number of Shares multiplied by the Applicable
Percentage at the time the Shares are forfeited. Except as provided in paragraphs (c) through (e)
of this Section 2 and in Section 7(b) below, the “Applicable Percentage” shall be (i) 100%
during the one-year period ending on the day before the first anniversary of the date hereof, (ii)
66.7% during the one-year period beginning on the second anniversary of the date hereof and ending
on the day before the third anniversary of the date hereof and (iii) 0% beginning on the third
anniversary of the date hereof.

          (c) Notwithstanding the foregoing, in the event that the Participant’s employment with the
Company is terminated by reason of the Participant’s death or disability, the “Applicable
Percentage” shall immediately and thereafter be 0%. For this purpose, “disability” shall mean the
inability of the Participant, due to a medical reason, to carry out his duties as an employee of
the Company for a period of six consecutive months.

 

 

          (d) Notwithstanding the foregoing, if the Participant’s employment with the Company is
terminated by the Company without Cause, then effective immediately prior to such termination of
employment, the “Applicable Percentage” shall immediately and thereafter be 100% less the product
of 0.0685% times the number of days that have elapsed after the date hereof and through and
including the effective date of the termination of the Participant’s employment with the Company
without Cause. As used herein, “Cause” means any (i) willful failure by the Participant,
which failure is not cured within 30 days of written notice to the Participant from the Company, to
perform his or her material responsibilities to the Company or (ii) willful misconduct by the
Participant which affects the business reputation of the Company.

          (e) Notwithstanding the foregoing, if a Change in Control (as defined in the Plan) of the
Company occurs, the “Applicable Percentage” shall immediately and thereafter be 0%.

          (f) The Forfeiture Amount may be payable, at the option of the Company, in cancellation of all
or a portion of any outstanding indebtedness of the Participant to the Company or in cash (by
check) or both.

          (g) For purposes of this Agreement, employment with the Company shall include employment with
a parent or subsidiary of the Company.

     3. Automatic Sale Upon Vesting.

          (a) Upon any reduction in the Applicable Percentage, the Company shall sell, or arrange for
the sale of, such number of the Shares no longer subject to forfeiture under Section 2 as a result
of such reduction in the Applicable Percentage as is sufficient to generate net proceeds sufficient
to satisfy the Company’s minimum statutory withholding obligations with respect to the income
recognized by the Participant upon the lapse of the forfeiture provisions (based on minimum
statutory withholding rates for federal and state tax purposes, including payroll taxes, that are
applicable to such income), and the Company shall retain such net proceeds in satisfaction of such
tax withholding obligations.

          (b) The Participant hereby appoints the President and the Secretary of the Company, and each
of them acting singly, his or her attorney in fact, to sell the Participant’s Shares in accordance
with this Section 3. The Participant agrees to execute and deliver such documents, instruments and
certificates as may reasonably be required in connection with the sale of the Shares pursuant to
this Section 3.

          (c) The Participant represents to the Company that, as of the date hereof, he or she is not
aware of any material nonpublic information about the Company or the Common Stock. The Participant
and the Company have structured this Agreement to constitute a “binding contract” relating to the
sale of Common Stock pursuant to this Section 3, consistent with the affirmative defense to
liability under Section 10(b) of the Securities Exchange Act of 1934 under Rule 10b5-1(c)
promulgated under such Act.

     4. Restrictions on Transfer.

-2-

 

          (a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose
of, by operation of law or otherwise (collectively “transfer”) any Shares, or any interest
therein, until such Shares have vested, except that the Participant may transfer such Shares (i) to
or for the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any
other relatives approved by the Board of Directors (collectively, “Approved Relatives”) or
to a trust established solely for the benefit of the Participant and/or Approved Relatives,
provided that such Shares shall remain subject to this Agreement (including without
limitation the restrictions on transfer set forth in this Section 4 and the forfeiture provisions
contained in Section 2) and such permitted transferee shall, as a condition to such transfer,
deliver to the Company a written instrument confirming that such transferee shall be bound by all
of the terms and conditions of this Agreement or (ii) as part of the sale of all or substantially
all of the shares of capital stock of the Company (including pursuant to a merger or
consolidation), provided that, in accordance with the Plan and except as otherwise provided
herein, the securities or other property received by the Participant in connection with such
transaction shall remain subject to this Agreement.

          (b) The Company shall not be required (i) to transfer on its books any of the Shares which
have been transferred in violation of any of the provisions set forth in this Agreement or (ii) to
treat as owner of such Shares or to pay dividends to any transferee to whom such Shares have been
transferred in violation of any of the provisions of this Agreement.

     5. Restrictive Legends.

     All Shares subject to this Agreement shall be subject to the following restriction, in
addition to any other legends that may be required under federal or state securities laws:

“The shares of stock represented by this certificate are subject to
forfeiture provisions and restrictions on transfer set forth in a
certain Restricted Stock Agreement between the corporation and the
registered owner of these shares (or his predecessor in interest),
and such Agreement is available for inspection without charge at the
office of the Secretary of the corporation.”

     6. Provisions of the Plan.

     This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the
Participant with this Agreement.

     7. Reorganizations.

          (a) As used in this Agreement, a “Reorganization Event” means: (i) any merger or
consolidation of the Company with or into another entity as a result of which all of the Common
Stock of the Company is converted into or exchanged for the right to receive cash, securities or
other property, or is cancelled; (ii) any exchange of all of the Common Stock of the Company for
cash, securities or other property pursuant to a share exchange transaction; or (iii) any
liquidation or dissolution of the Company.

-3-

 

          (b) Upon the occurrence of a Reorganization Event other than a liquidation or dissolution of
the Company, the forfeiture provisions contained in Section 2 and the other rights of the Company
hereunder shall inure to the benefit of the Company’s successor and shall apply to the cash,
securities or other property into which the Shares were converted, or for which the Shares were
exchanged pursuant to such Reorganization Event, in the same manner and to the same extent as they
applied to the Shares. Upon the occurrence of a Reorganization Event involving the liquidation or
dissolution of the Company, all restrictions and conditions on all Restricted Stock Awards then
outstanding shall automatically be deemed terminated or satisfied.

          (c) If, in connection with a Reorganization Event, a portion of the cash, securities and/or
other property received upon the conversion or exchange of the Shares is to be placed into escrow
to secure indemnification or similar obligations, the mix between the vested and unvested portion
of such cash, securities and/or other property that is placed into escrow shall be the same as the
mix between the vested and unvested portion of such cash, securities and/or other property that is
not subject to escrow.

     8. Withholding Taxes; Section 83(b) Election.

          (a) The Participant acknowledges and agrees that the Company has the right to deduct from
payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind
required by law to be withheld with respect to the issuance of the Shares to the Participant or the
lapse of the forfeiture provisions.

          (b) The Participant has reviewed with the Participant’s own tax advisors the federal, state,
local and foreign tax consequences of this investment and the transactions contemplated by this
Agreement. The Participant is relying solely on such advisors and not on any statements or
representations of the Company or any of its agents. The Participant understands that the
Participant (and not the Company) shall be responsible for the Participant’s own tax liability that
may arise as a result of this investment or the transactions contemplated by this Agreement.

          THE PARTICIPANT AGREES NOT TO FILE AN ELECTION UNDER SECTION 83(B) OF THE CODE WITH RESPECT TO
THE PURCHASE OF THE SHARES.

     9. Miscellaneous.

          (a) No Rights to Employment. The Participant acknowledges and agrees that the vesting
of the Shares pursuant to Section 2 hereof is earned only by continuing service as an employee at
the will of the Company (not through the act of being hired or being granted the Shares hereunder).
The Participant further acknowledges and agrees that the transactions contemplated hereunder and
the vesting schedule set forth herein do not constitute an express or implied promise of continued
engagement as an employee or consultant for the vesting period, for any period, or at all.

          (b) Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this

-4-

 

Agreement, and each other provision of this Agreement shall be severable and enforceable to
the extent permitted by law.

          (c) Waiver. Any provision for the benefit of the Company contained in this Agreement
may be waived, either generally or in any particular instance, by the Board of Directors of the
Company.

          (d) Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the Company and the Participant and their respective heirs, executors, administrators, legal
representatives, successors and assigns, subject to the restrictions on transfer set forth in
Section 4 of this Agreement.

          (e) Notice. Each notice relating to this Agreement shall be in writing and delivered
in person or by first class mail, postage prepaid, to the address as hereinafter provided. Each
notice shall be deemed to have been given on the date it is received. Each notice to the Company
shall be addressed to it at its offices at One Tower Center, 14th floor, East Brunswick, New Jersey
08816 (Attention: President). Each notice to the Participant shall be addressed to the
Participant at the Participant’s last known address.

          (f) Pronouns. Whenever the context may require, any pronouns used in this Agreement
shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns
and pronouns shall include the plural, and vice versa.

          (g) Entire Agreement. This Agreement and the Plan constitute the entire agreement
between the parties, and supersede all prior agreements and understandings, relating to the subject
matter of this Agreement.

          (h) Amendment. This Agreement may be amended or modified only by a written instrument
executed by both the Company and the Participant.

          (i) Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the internal laws of the State of Delaware without regard to any applicable
conflicts of laws.

          (j) Continuance of Employment. The issuance of the Shares hereunder is in
consideration of the Participant’s continuing employment by the Company or any subsidiary;
provided, however, nothing in this Agreement shall confer upon the Participant the
right to continue in the employ of the Company or any subsidiary or affect the right of the Company
or any subsidiary to terminate the Participant’s employment at any time in the sole discretion of
the Company or any subsidiary, with or without cause.

          (k) Interpretation. The interpretation and construction of any terms or conditions of
the Plan, or of this Agreement or other matters related to the Plan by the Compensation Committee
of the Board of Directors of the Company shall be final and conclusive.

-5-

 

           (l) Participant’s Acknowledgments. The Participant acknowledges that he or she: (i)
has read this Agreement; (ii) has been represented in the preparation, negotiation, and execution
of this Agreement by legal counsel of the Participant’s own choice or has voluntarily declined to
seek such counsel; (iii) understands the terms and consequences of this Agreement; and (iv) is
fully aware of the legal and binding effect of this Agreement.

          (m) Delivery of Certificates. Subject to Section 3, the Participant may request that
the Company deliver the Shares in certificated form with respect to any Shares that have ceased to
be subject to forfeiture pursuant to Section 2.

-6-

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written.

	 	 	 	 	 
	 	SAVIENT PHARMACEUTICALS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 

[Name of Participant]

Address:   [                    ]

                 [                    ]

 	 
	 

-7-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}]]