Document:

SETTLEMENT AGREEMENT

 Exhibit 10.1 
 SETTLEMENT AGREEMENT 
 This SETTLEMENT AGREEMENT (the “Agreement”) is made and
entered into as of November 10, 2006, by and between Nabi Biopharmaceuticals, a Delaware corporation (“Nabi”), and Third Point LLC, a Delaware limited liability company (“Third Point”). 
 RECITALS 
 WHEREAS, Third Point
intends to solicit written consents from Nabi’s stockholders (the “Solicitation”) to (i) remove a majority of the members of Nabi’s board of directors (the “Board”) and (ii) request that the
Board fill the resulting vacancies on the Board with nominees selected by Third Point; and 
 WHEREAS, among other things, Nabi is willing to
add to the Board certain individuals selected by Third Point and to create a Strategic Action Committee of the Board (the “SAC”), and Third Point is willing to terminate the Solicitation; 
 NOW, THEREFORE, in consideration of the premises, the mutual covenants and agreements contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I. 
 AGREEMENTS 
 Section 1.1. Board
Composition Matters; Nominations at 2007 Stockholder Meeting. 
 (a) Nabi shall as promptly as practicable, and in any event within one business day
after the date hereof, take all action necessary (including the calling of a special meeting of the Board to approve such actions) to: 
 (i) expand the size of the Board so as to create two new directorships on the Board in accordance with Article Fifth of its Restated Certificate of Incorporation and Article III of its By-Laws, and 
 (ii) appoint Jason Aryeh and Timothy Lynch (collectively, the “Third Point Nominees”) to fill such newly-created
directorships. 
 (b) At the annual meeting of stockholders of Nabi to be held in 2007 (the “2007 Annual Meeting”), Nabi
shall nominate the Third Point Nominees as directors for a term commencing from the close of the 2007 Annual Meeting and shall include the Third Point Nominees on the Board’s proposed slate of nominees for election at the 2007 Annual Meeting.
Prior to the 2007 Annual Meeting, Nabi shall solicit proxies for the election of the Board’s slate of nominees (including the Third Point Nominees) at the 2007 Annual Meeting. 
 (c) Should any Third Point Nominee resign from the Board prior to the annual meeting of stockholders of Nabi to be held in 2008, or decide not to seek
appointment or election to the Board at the 2007 Annual Meeting, Third Point shall, with the consent of Nabi (which consent shall not be unreasonably withheld or delayed), be entitled to designate a reasonably qualified replacement for such Third
Point Nominee as a member of the Board and as a member of the SAC, and Nabi shall take all necessary action to implement the foregoing as promptly as practicable. Any such designated replacement who becomes a Board member shall be deemed to be a
Third Point Nominee for all purposes under this Agreement. 
 Section 1.2. Strategic Alternatives Process. (a) Nabi agrees
to form the SAC as a committee of the Board with the full power and authority of the Board, subject only to the limitations on power and authority contained in Section 141(c) of the Delaware General Corporation Law, (i) to actively explore
and consider for recommendation to the Board strategic alternatives for Nabi, including (A) asset acquisitions or sales, joint ventures, strategic alliances and licensing and development agreements, in each case involving the expenditure or
receipt by Nabi of more than $10 million, (B) a recapitalization, and (C) the merger or sale of all or substantially all assets of Nabi (each of the transactions described in the foregoing clauses (A), (B) and (C) is referred to
as a “Strategic Transaction”) and (ii) to review and consider for recommendation to the Board any clinical trial to be conducted by Nabi involving the net expenditure by Nabi (after taking into consideration any reimbursement
by a third party) of 

 
more than $10 million other than any clinical trial that is currently being conducted by Nabi or that Nabi is obligated to conduct under any agreement with a
third party (each, a “Qualified Expenditure”). The Board shall not approve any Strategic Transaction or Qualified Expenditure without the recommendation of a majority of the members of the SAC. Subject to the foregoing, the full
Board (and not the SAC) shall have the sole power to approve any such Strategic Transaction or Qualified Expenditure. 
 (b) The SAC shall be
comprised of five members, two of whom shall be the Third Point Nominees. The remaining three members of the SAC shall be current Board members, other than the Management Director, one of whom (the “Company Designee”) shall be
designated by the Board within one business day after the date of this Agreement and two of whom (each of the two, a “Designated Board Member”) shall be designated by the Third Point Nominees within five business days of the date of
this Agreement. If the Company Designee shall resign from the SAC, or become unable to serve thereon, the Board shall designate a successor, other than the Management Director, to fill the vacancy on the SAC created by such resignation or inability
to serve thereon. If one or both of the Designated Board Members declines to serve on, or resigns from, the SAC, or becomes unable to serve thereon, the Third Point Nominees shall designate a successor or successors to any such Designated Board
Member, which successor or successors shall be chosen from among the members of the Board, other than the Management Director. If the Third Point Nominees are required to designate a successor to any Designated Board Member or Designated Board
Members and if all members of the Board, other than the Management Director, shall have declined to be designated by the Third Point Nominees as such Designated Board Member, or shall have resigned from the SAC or shall be unable to serve thereon,
then the Third Point Nominees, the Company Designee and any Designated Board Member remaining on the SAC who has not resigned therefrom and who is able to serve thereon (the “Remaining Members”) shall promptly seek in good faith to
identify and agree upon (by majority vote of the Remaining Members) an independent third party or parties (each, an “Independent Member”) to replace the Designated Board Member or Designated Board Members who declined to serve on,
or resigned from, the SAC or was or were unable to serve thereon. If the Remaining Members are able to identify and agree upon (by majority vote of the Remaining Members) an Independent Member or Independent Members, as the case may be, they shall
so advise the Board and the Board shall promptly add the Independent Member or Independent Members, as the case may be, to the Board and to the SAC. Pending the agreement of the Remaining Board Members to one or two Independent Members, as the case
may be, the SAC shall be deemed to be duly constituted and shall operate in all respects as a committee of the Board as contemplated by Section 1.2(a). “Management Director” shall mean any member of the current Board who, as of
the date hereof, is also an executive officer of Nabi. 
 (c) The five members of the SAC, once they have been all appointed to the SAC,
shall (by majority vote thereof) appoint one of the Third Point Nominees to serve as Chairman of the SAC. The Chairman of the SAC shall preside at all meetings of the SAC, shall be the principal liaison of the SAC with its financial, legal and other
advisors and shall generally serve with respect to the SAC in a manner comparable to the manner in which the Chairman of the Board and/or Nabi’s lead director serves with respect to the Board. All significant directions to Nabi’s financial
and other advisors and all other significant actions and decisions of the SAC shall be considered and approved by the SAC. All meetings of the SAC shall be held at reasonable times and at reasonable places, and members of the SAC shall be entitled
to participate in meetings telephonically. 
 (d) Nabi represents and warrants to Third Point that each member of the Board other than the
Management Director has been asked about his or her willingness to serve on the SAC, and each such member of the Board has advised Nabi that he or she will serve on the SAC if requested to do so by the Third Point Nominees. 
 (e) The Company Designee and/or one or more of the Designated Board Members shall communicate to the Board all actions taken by the SAC and any
significant communications with any advisor by the SAC as promptly as practicable. 
 (f) Third Point represents and warrants to Nabi that
each Third Point Nominee has been asked about his willingness to serve on the Board and the SAC (including as Chairman of the SAC), and each such Third Point Nominee has advised Third Point that he will serve on the Board and the SAC and, if
requested by the SAC, as Chairman of the SAC. 
 (g) At any time after the completion of the annual meeting of stockholders of Nabi to be
held in 2008, the Board may in its sole discretion dissolve the SAC, and upon such dissolution the provisions of this Section 1.2 and Section 1.3 hereof shall terminate. 
  

 Section 1.3. Right to Detailed Updates. At Third Point’s option, Third Point shall have
the right from time to time to be updated in detail by the Third Point Nominees, the SAC and its financial advisors as to any and all matters within the power and authority of the SAC. Third Point agrees to keep all such information it may receive
confidential and shall not disclose such information to any third party other than its employees and legal counsel who have a need to know such information, provided such employees and legal counsel agree to keep such information confidential and
not disclose the same. Third Point shall be responsible for any disclosure by its employees and legal counsel of any such information. Notwithstanding the foregoing, Third Point, and its employees and legal counsel to whom it discloses information
such shall not be required to keep confidential any such information (i) that is made public by Nabi or any other person who is not known to Third Point to be subject to a confidentiality obligation to Nabi or (ii) that Third Point has
developed on its own prior to receiving such information from a Third Point Nominee, the SAC, Nabi or any of their respective financial advisors. Third Point acknowledges that it is aware that the United States securities laws prohibit any person
who has material nonpublic information about a company from purchasing or selling securities of such company, or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is
likely to purchase or sell such securities. 
 Section 1.5. Annual Meeting. Nabi shall hold the 2007 Annual Meeting no later than
May 31, 2007, and shall give notice of the date of that meeting no later than 120 days prior to the 2007 Annual Meeting. 
 Section 1.6. Termination of Solicitation; Voting Agreement. (a) From the date hereof through the completion of the 2007 Annual Meeting, neither Third Point nor any of its Affiliates will, directly or indirectly, solicit
proxies or consents for the voting of any voting or other securities of Nabi or otherwise become a “participant,” directly or indirectly, in any “solicitation” of “proxies” or consents to vote, or become a
“participant” in any “election contest” involving Nabi or Nabi’s securities (all terms used herein and defined in Regulation 14A under the Exchange Act of 1934, as amended (the “Exchange Act”) having the meanings
assigned to them therein), (ii) seek to advise or influence any person with respect to the voting of any securities of Nabi, (iii) initiate, propose or otherwise “solicit” Nabi stockholders for the approval of shareholder
proposals, (iv) otherwise communicate with Nabi’s stockholders or others pursuant to Rule 14a-1(l)(2)(iv) under the Exchange Act, (v) otherwise engage in any course of conduct with the purpose of causing stockholders of Nabi to vote
contrary to the recommendation of the Board on any matter presented to Nabi’s stockholders for their vote or challenging the policies of Nabi or (vi) otherwise act, directly or indirectly, alone or in concert with others, to seek to
control or influence the management, the Board, policies or affairs of Nabi, other than through the Third Point Nominees. For purposes of this Agreement, “Affiliate” means, with respect to any person, any other person that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such first person and any employees, officers and partners of Third Point. 
  

	 	(b)	Until the completion of the 2007 Annual Meeting, 

 (i) at
each meeting of stockholders of Nabi held for the purpose of electing any member of the Board, Third Point shall, and shall cause its Affiliates to, cause all voting securities of Nabi beneficially owned by each of them to be present at such meeting
for purposes of establishing a quorum and to be voted (x) for the nominees recommended by the Board (provided such nominees include the Third Point Nominees), (y) on all other proposals of the Board and any proposals by other stockholders
of Nabi not covered by clause (z) below, as Third Point determines is appropriate, and (z) in accordance with the recommendation of the Board on any proposals of any other stockholder of Nabi who is also proposing one or more nominees for
election as director in opposition to the nominees of the Board at any such meeting. No later than five business days prior to each such meeting of stockholders, Third Point shall, and shall cause each of its Affiliates to, vote in accordance with
this Section 1.6(b). Third Point shall not, and shall cause each of its Affiliates not to, revoke or change any vote in connection with any such meeting of stockholders unless such revocation or change is required or permitted in accordance
with the first sentence of this Section 1.6(b); and 
 (ii) Third Point shall not, and shall cause its Affiliates not to, execute any
written consent to approve any proposal by any other stockholder of Nabi (including a proposal for the removal and/or election of new members of the Board) that has not been recommended by the Board. 
 Section 1.7. Expenses. Nabi shall pay for all out-of-pocket costs and expenses incurred by Third Point and its Affiliates in connection with
their efforts to induce Nabi to pursue strategic alternatives and in connection with the Solicitation, including without limitation legal fees and the fees of the proxy solicitor retained by Third Point and its affiliates. To the extent Third Point
or its Affiliates have already paid any such expenses, Nabi shall 

 
promptly reimburse them for such payments. In no event shall the costs and expenses to be paid or reimbursed by Nabi pursuant to this Section 1.7 exceed
$250,000. 
 ARTICLE II. 
 MISCELLANEOUS PROVISIONS 
 Section 2.1. Representations and Warranties. 
  

	 	(a)	Each of the parties hereto represents and warrants to the other party that: 

 (i) such party has all requisite authority and power to execute and deliver this Agreement and to consummate the transactions contemplated hereby, 
 (ii) the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by
all required action on the part of such party and no other proceedings on the part of such party are necessary to authorize the execution and delivery of this Agreement or to consummate the transactions contemplated hereby, 
 (iii) the Agreement has been duly and validly executed and delivered by such party and constitutes the valid and binding obligation of such party
enforceable against such party in accordance with their respective terms, and 
 (iv) this Agreement will not result in a violation of any
terms or provisions of any agreements to which such person is a party or by which such party may otherwise be bound or of any law, rule, license, regulation, judgment, order or decree governing or affecting such party. 
 (b) The parties hereto acknowledge, warrant and represent that they have carefully read this Agreement, understand it, have consulted with and received
the advice of counsel regarding this Agreement, agree with its terms, are duly authorized to execute it and freely, voluntarily and knowingly execute it. 
 Section 2.2. General. 
 (a) This Agreement shall be binding upon and inure to the benefit of and
be enforceable by the parties hereto and the respective successors, personal representatives and assigns of the parties hereto. 
 (b) This
Agreement contains the entire agreement between the parties with respect to the subject matter hereof and thereof and supersedes all prior and contemplated arrangements and understandings with respect thereto. 
 (c) This Agreement may be signed in counterparts, each of which shall constitute an original and all of which together shall constitute one and the same
Agreement. 
 (d) All notices and other communications required or permitted hereunder shall be effective upon receipt and shall be in
writing and may be delivered in person, by telecopy, electronic mail, express delivery service or U.S. mail, in which event it may be mailed by first-class, certified or registered, postage prepaid, addressed to the party to be notified at the
respective addresses set forth below, or at such other addresses which may hereinafter be designated in writing: 
 If to Nabi: 

Nabi Biopharmaceuticals 
 5800 Park of Commerce Boulevard, N.W. 
 Boca Raton, FL 33487 
 Attention: Thomas H. McLain 
 Fax No.: (561) 989-5801 
 with a copy to: 
  

 Gibson, Dunn & Crutcher LLP 
 200 Park Avenue 
 New York, New York 10166 
 Attention: Steven R. Shoemate 
                     Eduardo Gallardo

 Fax No.: (212) 351-4035 
 and 
 Nutter, McClennen & Fish LLP 
 World Trade Center West 
 155 Seaport Boulevard 
 Boston, Massachusetts 02210 
 Attention: James E. Dawson 
 Fax No.: (617) 310-9623 
 If to Third Point: 
 Third Point LLC 
 390 Park Avenue 
 New York, NY 10022 
 Attention: Dan Loeb 
 Fax No.: (212) 224-7401 
 with a copy to: 
 Willkie Farr & Gallagher LLP 
 787 Seventh Avenue 
 New York, New York 10019 
 Attention: Michael A. Schwartz 
 Fax No.: (212) 728-9267 
 (e) This Agreement and the legal relations hereunder between the parties
hereto shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and performed therein, without giving effect to the principles of conflicts of law thereof. 
 (f) Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid, but if any provision of this
Agreement is held to be invalid or unenforceable in any respect, such invalidity or unenforceability shall not render invalid or unenforceable any other provision of this Agreement. 
 (g) It is hereby agreed and acknowledged that it will be impossible to measure in money the damages that would be suffered if the parties fail to comply
with any of the obligations herein imposed on them and that in the event of any such failure, an aggrieved person will be irreparably damaged and will not have an adequate remedy at law. Any such person, therefore, shall be entitled to injunctive
relief, including specific performance, to enforce such obligations, without the posting of any bond, and, if any action should be brought in equity to enforce any of the provisions of this Agreement, none of the parties hereto shall raise the
defense that there is an adequate remedy at law. 
 (h) Each party hereto shall do and perform or cause to be done and performed all such
further acts and things and shall execute and deliver all such other agreements, certificates, instruments and documents as any other party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement
and the consummation of the transactions contemplated hereby. 
 (i) Each of the parties hereto hereby irrevocably and unconditionally
consents to submit to the exclusive jurisdiction of the courts of the State of Delaware and of the United States of America, in each case located in the County of New Castle, for any action, proceeding or investigation in any court or before any
governmental authority arising out of or relating to this Agreement and the transactions contemplated hereby (and agrees not to commence any action, proceeding or investigation relating thereto except in such courts), and further agrees that service
of any process, summons, notice or document by registered mail to its respective address set forth 

 
in this Agreement shall be effective service of process for any action, proceeding or investigation brought against it in any such court. Each of the parties
hereto hereby irrevocably and unconditionally waives any objection to the laying of venue of any action, proceeding or investigation arising out of this Agreement or the transactions contemplated hereby in the courts of the State of Delaware or the
United States of America, in each case located in the County of New Castle, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, proceeding or investigation brought in any
such court has been brought in an inconvenient forum. 
 [Remainder of page intentionally left blank.] 
  

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first written
above. 
 NABI BIOPHARMACEUTICALS 
 By: /s/ Thomas H. McLain 
         Name: Thomas H. McLain 
         Title: Chairman, Chief Executive Officer 
                 and President 
 THIRD POINT LLC 
 By:/s/ Daniel S. Loeb 
         Name: Daniel S. Loeb 
         Title: Chief Executive OfficerAGREEMENT

 Exhibit 10.2 
 AGREEMENT 
 This AGREEMENT (the “Agreement”) is made and entered into as of
November 10, 2006, by and between Nabi Biopharmaceuticals, a Delaware corporation (“Nabi”), Jason Aryeh (“Aryeh”) and JALAA Equities, LP (together with Aryeh, “JALAA”). 
 RECITALS 
 WHEREAS, Third Point LLC, a
Delaware limited liability company (“Third Point”) intends to solicit written consents from Nabi’s stockholders (the “Solicitation”) to (i) remove a majority of the members of Nabi’s board of
directors (the “Board”) and (ii) request that the Board fill the resulting vacancies on the Board with nominees selected by Third Point, including Aryeh; and 
 WHEREAS, concurrently with the execution of this Agreement, Nabi and Third Point are entering into a Settlement Agreement (the “Settlement
Agreement”), providing, among other things, that Aryeh will be appointed to the Board; 
 NOW, THEREFORE, in consideration of the
premises, the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 AGREEMENTS

 Section 1.1 Termination of Solicitation; Voting Agreement. (a) From the date hereof through the completion of the
annual meeting of stockholders of Nabi to be held in 2007 (the “2007 Annual Meeting”), neither JALAA nor any of its Affiliates will, directly or indirectly, solicit proxies or consents for the voting of any voting or other
securities of Nabi or otherwise become a “participant,” directly or indirectly, in any “solicitation” of “proxies” or consents to vote, or become a “participant” in any “election contest” involving
Nabi or Nabi’s securities (all terms used herein and defined in Regulation 14A under the Exchange Act of 1934, as amended (the “Exchange Act”) having the meanings assigned to them therein), (ii) seek to advise or influence
any person with respect to the voting of any securities of Nabi, (iii) initiate, propose or otherwise “solicit” Nabi stockholders for the approval of shareholder proposals, (iv) otherwise communicate with Nabi’s stockholders
or others pursuant to Rule 14a-1(l)(2)(iv) under the Exchange Act, (v) otherwise engage in any course of conduct with the purpose of causing stockholders of Nabi to vote contrary to the recommendation of the Board on any matter presented to
Nabi’s stockholders for their vote or challenging the policies of Nabi or (vi) otherwise act, directly or indirectly, alone or in concert with others, to seek to control or influence the management, the Board, policies or affairs of Nabi,
other than through the Third Point nominees to the Board (the “Third Point Nominees”). For purposes of this Agreement, “Affiliate” means, with respect to any person, any other person that directly, or indirectly through
one or more intermediaries, controls, is controlled by, or is under common control with, such first person and any employees, officers and partners of JALAA. 
 (b) Until the completion of the 2007 Annual Meeting, 
 (i) at each meeting of stockholders of Nabi held for
the purpose of electing any member of the Board, JALAA shall, and shall cause its Affiliates to, cause all voting securities of Nabi beneficially owned by each of them to be present at such meeting for purposes of establishing a quorum and to be
voted (x) for the nominees recommended by the Board (provided such nominees include the Third Point Nominees), (y) on all other proposals of the Board and any proposals by other stockholders of Nabi not covered by clause (z) below, as
JALAA determines is appropriate, and (z) in accordance with the recommendation of the Board on any proposals of any other stockholder of Nabi who is also proposing one or more nominees for election as director in opposition to the nominees of
the Board at any such meeting. No later than five business days prior to each such meeting of stockholders, JALAA shall, and shall cause each of its Affiliates to, vote in accordance with this Section 1.1(b). JALAA shall not, and shall cause
each of its Affiliates not to, revoke or change any vote in connection with any such meeting of stockholders unless such revocation or change is required or permitted in accordance with the first sentence of this Section 1.1(b); and 

 

 (ii) JALAA shall not, and shall cause its Affiliates not to, execute any written consent to approve any
proposal by any other stockholder of Nabi (including a proposal for the removal and/or election of new members of the Board) that has not been recommended by the Board. 
 ARTICLE II 
 MISCELLANEOUS PROVISIONS 
 Section 2.1 Representations and Warranties. 
 (a) Each of the parties hereto represents and warrants to the other party that: 
 (i) such party has all
requisite authority and power to execute and deliver this Agreement and to consummate the transactions contemplated hereby, 
 (ii) the
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all required action on the part of such party and no other proceedings on the part of such party are
necessary to authorize the execution and delivery of this Agreement or to consummate the transactions contemplated hereby, 
 (iii) the
Agreement has been duly and validly executed and delivered by such party and constitutes the valid and binding obligation of such party enforceable against such party in accordance with their respective terms, and 
 (iv) this Agreement will not result in a violation of any terms or provisions of any agreements to which such person is a party or by which such party
may otherwise be bound or of any law, rule, license, regulation, judgment, order or decree governing or affecting such party. 
 (b) The
parties hereto acknowledge, warrant and represent that they have carefully read this Agreement, understand it, have consulted with and received the advice of counsel regarding this Agreement, agree with its terms, are duly authorized to execute it
and freely, voluntarily and knowingly execute it. 
 Section 2.3. General. 
 (a) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and the respective successors, personal
representatives and assigns of the parties hereto. 
 (b) This Agreement contains the entire agreement between the parties with respect to
the subject matter hereof and thereof and supersedes all prior and contemplated arrangements and understandings with respect thereto. 
 (c)
This Agreement may be signed in counterparts, each of which shall constitute an original and all of which together shall constitute one and the same Agreement. 
 (d) All notices and other communications required or permitted hereunder shall be effective upon receipt and shall be in writing and may be delivered in person, by telecopy, electronic mail, express delivery service
or U.S. mail, in which event it may be mailed by first-class, certified or registered, postage prepaid, addressed to the party to be notified at the respective addresses set forth below, or at such other addresses which may hereinafter be designated
in writing: 
 If to Nabi: 
 Nabi Biopharmaceuticals 
 5800 Park of Commerce Boulevard, N.W. 
 Boca Raton, FL 33487 
 Attention: Thomas H. McLain 
 Fax No.: (561) 989-5801 
 with a copy to: 
  

 Gibson, Dunn & Crutcher LLP 
 200 Park Avenue 
 New York, New York 10166 
 Attention: Steven R. Shoemate 
                    Eduardo Gallardo

 Fax No.: (212) 351-4035 
 and 
 Nutter, McClennen & Fish LLP 
 World Trade Center West 
 155 Seaport Boulevard 
 Boston, Massachusetts 02210 
 Attention: James E. Dawson 
 Fax No.: (617) 310-9623 
 If to JALAA: 
 JALAA Equities, LP 
 34 Sumner Road 
 Greenwich CT 06831 
 Attention: Jason Aryeh 
 Fax No.: 203-618-9218 
 (e)
This Agreement and the legal relations hereunder between the parties hereto shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and performed therein, without giving effect to the
principles of conflicts of law thereof. 
 (f) Whenever possible, each provision of this Agreement shall be interpreted in such manner as to
be effective and valid, but if any provision of this Agreement is held to be invalid or unenforceable in any respect, such invalidity or unenforceability shall not render invalid or unenforceable any other provision of this Agreement. 
 (g) It is hereby agreed and acknowledged that it will be impossible to measure in money the damages that would be suffered if the parties fail to comply
with any of the obligations herein imposed on them and that in the event of any such failure, an aggrieved person will be irreparably damaged and will not have an adequate remedy at law. Any such person, therefore, shall be entitled to injunctive
relief, including specific performance, to enforce such obligations, without the posting of any bond, and, if any action should be brought in equity to enforce any of the provisions of this Agreement, none of the parties hereto shall raise the
defense that there is an adequate remedy at law. 
 (h) Each party hereto shall do and perform or cause to be done and performed all such
further acts and things and shall execute and deliver all such other agreements, certificates, instruments and documents as any other party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement
and the consummation of the transactions contemplated hereby. 
 (i) Each of the parties hereto hereby irrevocably and unconditionally
consents to submit to the exclusive jurisdiction of the courts of the State of Delaware and of the United States of America, in each case located in the County of New Castle, for any action, proceeding or investigation in any court or before any
governmental authority arising out of or relating to this Agreement and the transactions contemplated hereby (and agrees not to commence any action, proceeding or investigation relating thereto except in such courts), and further agrees that service
of any process, summons, notice or document by registered mail to its respective address set forth in this Agreement shall be effective service of process for any action, proceeding or investigation brought against it in any such court. Each of the
parties hereto hereby irrevocably and unconditionally waives any objection to the laying of venue of any action, proceeding or investigation arising out of this Agreement or the transactions contemplated hereby in the courts of the State of Delaware
or the United States of America, in each case located in the County of New Castle, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, proceeding or investigation brought
in any such court has been brought in an inconvenient forum. 
  

 (j) Aryeh and JALAA Equities, LP shall be jointly and severally liable with respect to all their
respective covenants under this Agreement. 
 [Remainder of page intentionally left blank.] 
  

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first written
above. 
 NABI BIOPHARMACEUTICALS 
 By:  /s/    Thomas H.
McLain                                     
         Name: Thomas H. McLain 
         Title: Chairman, Chief Executive Officer 
                   and President 
 JALAA EQUITIES, LP 
 By:  /s/    Jason
Aryeh                                       
            
 Name: Jason Aryeh 
 Title: General Partner 
 /s/    Jason
Aryeh                                       
                         
 JASON ARYEH

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