Document:

Optimark Holdings, Inc. 10Q - Exhibit 10.3

EXHIBIT 10.3

SEPARATION
AGREEMENT

The following sets forth an
Agreement between Optimark, Inc. (the “Company”) and James G. Rickards
(“Employee”) regarding his separation from employment with the
Company. 

              
      WHEREAS, Employee's employment with the Company was terminated on April 6, 2001; and

              
      WHEREAS,
the parties mutually agree to resolve any issues that may exist between them
regarding the circumstances of Employee’s termination of employment,

              
      THEREFORE, the parties agree as follows:

              
      1.    Payments
and Benefits Supporting Agreement.   In consideration for signing this Agreement and compliance
with the promises made herein, OptiMark, Inc. agrees to and hereby does forgive Employee's repayment to OptiMark,
Inc. of a Promissory Note, dated February 27, 2001, in the amount of FIFTY THOUSAND DOLLARS ($50,000) and all
accrued interest thereon.

              
      2.    No Consideration Absent
Execution of this Agreement.  Employee understands and agrees that he would not
have received the consideration specified in paragraph "1" above except for his execution of this Agreement and
fulfillment of the promises contained herein.

              
      3.    General Release of
Claims.  Employee recognizes that the consideration referred to in
paragraph “1” is above and beyond any amounts otherwise due him for
services rendered or to be rendered or under the Company’s general policies
or programs or under the Employee’s employment agreement with the Company.

In consideration of and as
a condition to this consideration, Employee hereby, to the extent allowed by
law, releases and forever discharges the Company and all of its respective
affiliates, subsidiaries, parent, present or former partners, members,
stockholders, officers, directors, employees, subsidiaries, agents, successors
or assigns (collectively, the “Releasees”) from any claim for future
employment, and of and from all claims or causes of action or other demands
whatsoever, which he ever had, now has, or hereafter can, shall or may have
against the Releasees, arising out of or related to his employment relationship
with the Company or the termination of that relationship.

This general release or giving up of claims is binding on the Employee, his
heirs, his assigns, and/or his representatives.

Listed below are examples
of the statutes and legal theories from which the Employee has released and
discharged the Releasees and under which the Employee will not bring any claim.
In the event that the law prohibits a release or waiver of claims under any such
statute or theory, the Employee hereby waives the right to seek or accept
damages in a proceeding under the statute or theory and/or hereby acknowledges
that he has no valid claim under such statute or theory. The claims released or
acknowledged not to exist include, but are not limited to, any alleged violation
of: The Age Discrimination in Employment Act of 1967, as amended, and including
the Older Workers Benefit Protection Act of 1990,
29 U.S.C. § 621 et seq.; any other federal,
state or local civil or human rights law or any other local, state or federal
law, regulation or ordinance prohibiting, among other things, sexual harassment
or discrimination on the basis of sex, race, color, creed, religion, age,
disability, national origin, sexual orientation or marital status; and any
public policy, contract, tort, or other common law claim or cause of action,
including but not limited to breach of implied or express contract, intentional
or negligent infliction of emotional distress, negligent misrepresentation,
defamation, wrongful discharge. 

              
      4.    Unknown Claims
Released.  Employee understands that he is releasing Claims that he may
not know about. This is Employee’s knowing and voluntary intent, even
though Employee recognizes that someday he might learn that some or all of the
facts he currently believes to be true are untrue and even though he might then
regret having signed this Agreement. Nevertheless, Employee assumes that risk
and agrees that this Agreement shall remain effective in all respects in any
such case. Employee expressly waives all rights he might have under any law that
is intended to protect Employee from waiving unknown claims, and he understands
the significance of doing so.

              
      5.    Claims Not
Released.  Employee   understands   that   he  is   not
releasing  any claim that  relates to his right to enforce this  Agreement,  any
rights or claims that arise after the signing of this  Agreement,  or his right,
if any, to government provided unemployment benefits. The Company agrees that it
will  not  contest   Employee  seeking  or  otherwise   obtaining   unemployment
compensation benefits

              
      6.    No Participation
In Claims.  Employee understands that if this Agreement were not signed,
he would have the right to voluntarily assist other individuals or entities in
bringing claims against the Company. Employee hereby waives that right and he
will not provide any such assistance, other than assistance in an investigation
or proceeding conducted by an agency of the United States government. To the
extent that the law prohibits Employee from waiving his right to bring and/or
participate in the investigation of a claim, he nevertheless waives his right to
seek or accept any damages or relief in any proceeding. 

              
      7.    Prohibited Statements.  Employee agrees
to refrain  from  taking  action or making  statements,  written or oral,  which
disparage or defame the goodwill or

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reputation of the Releasees or which could  adversely  affect the morale of
other employees of the Company.

              
      8.    Confidentiality.  Except
for informing his spouse and communicating with legal or financial advisers,
and except as otherwise may be required by applicable law, Employee will keep confidential the terms and
conditions of this Agreement.

              
      9.    Nonadmission Of
Liability.  Employee recognizes and agrees that this Agreement is not
intended to imply any wrongdoing on the Company’s part with respect to his
employment or its termination, or any other reason, and shall not constitute
evidence of the same. Employee acknowledges that he resigned from the employment
with the Company on April 6, 2001; that such resignation was not a constructive
termination; and that such resignation was voluntary on his part.

              
      10.    Return of Company
Property.  Employee represents that he has returned all Company property,
documents and copies of documents, including but not limited to
“Confidential Information.” “Confidential Information” means
inventions, trade secrets, designs, discoveries and improvements, patentable and
unpatentable, concerning products and solutions related to the actual and
anticipated business of the Company, price and customer lists, customer contact
information, materials, research or test reports, sales organization or methods,
sales presentations, weekly reports, operating organization or methods, supplier
relationships, and inventories of the Company.” Employee further agrees not
to disclose or use any Confidential Information. 

              
      11.    Duty of
Cooperation.  Employee covenants and agrees to cooperate with the
Company with respect to any reasonable request to provide information or assist
in any matter relating to the business of the Company of which he may have
knowledge or information including, but not limited to, the defense of any
pending or threatened litigation or government audit. 

              
      12.    Voluntary
Agreement.  Employee’s decision to enter into this Agreement is
based solely on the mutual considerations described above and is wholly his free
act and deed. Before signing this Agreement, Employee has had the opportunity
for up to twenty-one (21) days to carefully consider the terms and ramifications
of the Agreement and the opportunity to consult with his advisors, legal or
otherwise, which the Company has encouraged Employee to do. 

              
      13.    Governing Law and Interpretation.  This
Agreement shall be governed and conformed in accordance with the
laws of the State of New Jersey without regard to its conflict of laws provision.

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      14.    Limitations
on Changing Agreement.  This Agreement may not be modified, altered or
changed except upon express written consent of both parties wherein specific
reference is made to this Agreement.

              
      15.    Entire Agreement.  Employee acknowledges that he has not relied on any representations, promises, or
agreements of any kind made to him in connection with his decision to sign this Agreement, except for those set
forth in this Agreement.

              
      16.    Revocation.  Employee may revoke this Agreement for a period of
seven (7) days following the day he executes this Agreement. Any revocation
within this period must be submitted, in writing, to Neil Cohen, Esq. and state,
“I hereby revoke my acceptance of our Agreement and General Release.”
This Agreement shall not become effective or enforceable until the revocation
period has expired. If the last day of the revocation period is a Saturday,
Sunday, or legal holiday, then the revocation period shall not expire until the
next following day which is not a Saturday, Sunday, or legal holiday. 

              
      17.    Severability.  If
any provision of this Agreement shall be deemed
invalid or unenforceable in any respect, such invalidity or unenforceability
shall not affect any other provision hereof, and this Agreement shall be
construed and enforced as if it had never contained such invalid or
unenforceable provision. In addition, in place of such invalid or unenforceable
provision, there shall automatically be added hereto a provision as similar to
such invalid or unenforceable provision as may be possible and still be valid
and enforceable. 

              
      EMPLOYEE
HAS HAD TWENTY ONE (21) DAYS TO CONSIDER THIS AGREEMENT AND GENERAL RELEASE AND
CONFIRMS THAT THE COMPANY ADVISED HIM TO CONSULT WITH HIS ATTORNEY BEFORE
EXECUTING THE AGREEMENT.

              
      EMPLOYEE
AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND
GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY ONE
DAY CONSIDERATION PERIOD. 

              
      HAVING
ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO FULFILL THE PROMISES
SET FORTH HEREIN, AND TO RECEIVE THE CONSIDERATION SET FORTH IN PARAGRAPH
“1” ABOVE, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION
ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO WAIVE, SETTLE AND
RELEASE ALL CLAIMS HE HAS OR MIGHT HAVE AGAINST THE RELEASED ENTITIES. 

4

              
      IN WITNESS  WHEREOF,  the parties  knowingly and voluntarily  executed this
agreement as of the date set forth below:

	October 15, 2001	 	/s/ JAMES G. RICKARDS
	
		

	Date	 	Employee
	
	
	

	
	
	

		 	Optimark, Inc.

	October 15, 2001	 	By:	/s/ NEIL G. COHEN
	
	 		

	Date	 		Its Secretary

5Q3 2001 Exhibit 10.1

EXHIBIT 10.1

INDEMNITY AGREEMENT

 

THIS AGREEMENT is made and entered into this __ day of September, 2001 by and
between SangStat Medical Corporation, a Delaware corporation (the
"Corporation"), and ______________ ("Agent").

RECITALS

 

WHEREAS, Agent performs a valuable service to the Corporation in his/her
capacity as _________________ of the Corporation;

WHEREAS, the current By-laws and Certificate of Incorporation (collectively,
the "Charter Documents") require the Corporation to indemnify and advance
expenses to its directors and officers to the full extent permitted by the
Delaware General Corporation Law, as amended (as applicable, the "Code") and the
Agent intends to continue serving as a director or officer of the Corporation in
part in reliance on such Charter Documents and Code;

WHEREAS, the Charter Documents and the Code, by their non-exclusive nature,
permit contracts between the Corporation and its agents, officers, employees and
other agents with respect to indemnification of such persons; and

 

WHEREAS, in order to induce Agent to continue to serve as ___________ of the
Corporation, the Corporation has determined and agreed to enter into this
Agreement with Agent;

NOW, THEREFORE, in consideration of Agent's continued service as a director
the parties hereto agree as follows:

AGREEMENT

 

1.SERVICES TO THE CORPORATION. Agent will serve, at the will of the
Corporation or under separate contract, if any such contract exists, as
director, officer or other fiduciary of an affiliate of the Corporation
(including any employee benefit plan of the Corporation) faithfully and to the
best of his ability so long as he is duly elected and qualified in accordance
with the provisions of the Charter Documents or the charter documents of such
affiliate; provided, however, that Agent may at any time and for any reason
resign from such position (subject to any contractual obligation that Agent may
have assumed apart from this Agreement) and that the Corporation or any
affiliate shall have no obligation under this Agreement to continue Agent in any
such position.

 

2.INDEMNITY OF AGENT. 

(a)The Corporation hereby agrees to hold harmless and indemnify Agent to
the fullest extent authorized or permitted by the provisions of the Charter
Documents and the Code, as the same may be amended from time to time (but only
to the extent that such amendment permits the Corporation to provide broader
indemnification rights than the Charter Documents or the Code permitted prior to
adoption of such amendment).

(b)Notwithstanding the foregoing, (i) the obligations of the Corporation
under Section 2(a) shall be subject to the condition that the Reviewing Party
(as defined below) shall not have determined (in a written opinion, in any case
in which the Independent Legal Counsel referred to in Section 11(a) hereof
is involved) that Agent would not be permitted to be indemnified under
applicable law, and (ii) the obligation of the Corporation to make an
advance pursuant to Section 8 shall be subject to the condition that, if,
when and to the extent that the Reviewing Party determines that Agent would not
be permitted to be so indemnified under applicable law, the Corporation shall be
entitled to be reimbursed by Agent (who hereby agrees to reimburse the
Corporation) for all such amounts theretofore paid; provided, however, that if
Agent has commenced or thereafter commences legal proceedings in a court of
competent jurisdiction to secure a determination that Agent should be
indemnified under applicable law, any determination made by the Reviewing Party
that Agent would not be permitted to be indemnified under applicable law shall
not be binding and Agent shall not be required to reimburse the Corporation for
any advance until a final judicial determination is made with respect thereto
(as to which all rights of appeal therefrom have been exhausted or lapsed). If
there has not been a Change in Control (as defined in Section 11(a)), the
Reviewing Party shall be selected by the Board of Directors, and if there has
been such a Change in Control (other than a Change in Control which has been
approved by a majority of the Corporation's Board of Directors who were
directors immediately prior to such Change in Control), the Reviewing Party
shall be the Independent Legal Counsel referred to in Section 11(a) hereof.
If there has been no determination by the Reviewing Party or if the Reviewing
Party determines that Agent substantively would not be permitted to be
indemnified in whole or in part under applicable law, Agent shall have the right
to commence litigation in any court in the State of Delaware having subject
matter jurisdiction thereof and in which venue is proper seeking an initial
determination by the court or challenging any such determination by the
Reviewing Party or any aspect thereof, including the legal or factual bases
therefor, and the Corporation hereby consents to service of process and to
appear in any such proceeding. Any determination by the Reviewing Party
otherwise shall be conclusive and binding on the Corporation and Agent.

"Reviewing Party" shall mean any appropriate person or body consisting of a
member or members of the Corporation's Board of Directors or any other person or
body appointed by the Board who is not a party to the particular claim for which
Agent is seeking indemnification, or Independent Legal Counsel. 

3.ADDITIONAL INDEMNITY. In addition to and not in limitation of the
indemnification otherwise provided for herein, and subject only to the
exclusions set forth in Sections 4 and 7 hereof, the Corporation hereby further
agrees to hold harmless and indemnify Agent:

(a)against any and all expenses (including attorneys' fees), witness
fees, damages, judgments, fines and amounts paid in settlement and any other
amounts that Agent becomes legally obligated to pay because of any claim or
claims made against or by him in connection with any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, arbitrational,
administrative or investigative (including an action by or in the right of the
Corporation) to which Agent is, was or at any time becomes a party, or is
threatened to be made a party, by reason of the fact that Agent is, was or at
any time becomes a director, officer, employee or other agent of Corporation, or
is or was serving or at any time serves at the request of the Corporation as a
director, officer, employee or other agent of another corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise; and

(b)otherwise to the fullest extent as may be provided to Agent by the
Corporation under the non-exclusivity provisions of the Code and the Charter
Documents.

4.LIMITATIONS ON ADDITIONAL INDEMNITY. No indemnity pursuant to Section 3
hereof shall be paid by the Corporation:

(a)on account of any claim against Agent for an accounting of profits
made from the purchase or sale by Agent of securities of the Corporation
pursuant to the provisions of Section 16(b) of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and amendments thereto or similar
provisions of any federal, state or local statutory law;

(b)on account of Agent's conduct that was knowingly fraudulent or
deliberately dishonest or that constituted willful misconduct;

(c)on account of Agent's conduct that constituted a breach of Agent's
duty of loyalty to the Corporation or resulted in any personal profit or
advantage to which Agent was not legally entitled;

(d)for which payment is actually made to Agent under a valid and
collectible insurance policy or under a valid and enforceable indemnity clause,
bylaw or agreement, except in respect of any excess beyond payment under such
insurance, clause, bylaw or agreement;

(e)if indemnification is not lawful (and, in this respect, both the
Corporation and Agent have been advised that the Securities and Exchange
Commission believes that indemnification for liabilities arising under the
federal securities laws is against public policy and is, therefore,
unenforceable and that claims for indemnification should be submitted to
appropriate courts for adjudication); or

(f) in connection with any proceeding (or part thereof) initiated by Agent,
or any proceeding by Agent against the Corporation or its directors, officers,
employees or other agents, unless (i) such indemnification is expressly required
to be made by law, (ii) the proceeding was authorized by the Board of Directors
of the Corporation, (iii) such indemnification is provided by the Corporation,
in its sole discretion, pursuant to the powers vested in the Corporation under
the Code, or (iv) the proceeding is initiated pursuant to Section 9 hereof.

5.CONTINUATION OF INDEMNITY. All agreements and obligations of the
Corporation contained herein shall continue during the period Agent is a
director, officer, employee or other agent of the Corporation (or is or was
serving at the request of the Corporation as a director, officer, employee or
other agent of another corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise) and shall continue thereafter so long as Agent
shall be subject to any possible claim or threatened, pending or completed
action, suit or proceeding, whether civil, criminal, arbitrational,
administrative or investigative, by reason of the fact that Agent was serving in
the capacity referred to herein.

6.PARTIAL INDEMNIFICATION. Agent shall be entitled under this Agreement
to indemnification by the Corporation for a portion of the expenses (including
attorneys' fees), witness fees, damages, judgments, fines and amounts paid in
settlement and any other amounts that Agent becomes legally obligated to pay in
connection with any action, suit or proceeding referred to in Section 3 hereof
even if not entitled hereunder to indemnification for the total amount thereof,
and the Corporation shall indemnify Agent for the portion thereof to which Agent
is entitled.

7.NOTIFICATION AND DEFENSE OF CLAIM. Not later than thirty (30) days
after receipt by Agent of notice of the commencement of any action, suit or
proceeding, Agent will, if a claim in respect thereof is to be made against the
Corporation under this Agreement, notify the Corporation of the commencement
thereof; but the omission so to notify the Corporation will not relieve it from
any liability which it may have to Agent otherwise than under this Agreement.
With respect to any such action, suit or proceeding as to which Agent notifies
the Corporation of the commencement thereof:

(a)the Corporation will be entitled to participate therein at its own
expense;

(b)except as otherwise provided below, the Corporation may, at its option
and jointly with any other indemnifying party similarly notified and electing to
assume such defense, assume the defense thereof, with counsel reasonably
satisfactory to Agent. After notice from the Corporation to Agent of its
election to assume the defense thereof, the Corporation will not be liable to
Agent under this Agreement for any legal or other expenses subsequently incurred
by Agent in connection with the defense thereof except for reasonable costs of
investigation or otherwise as provided below. Agent shall have the right to
employ separate counsel in such action, suit or proceeding but the fees and
expenses of such counsel incurred after notice from the Corporation of its
assumption of the defense thereof shall be at the expense of Agent unless (i)
the employment of counsel by Agent has been authorized by the Corporation, (ii)
Agent shall have reasonably concluded that there may be a conflict of interest
between the Corporation and Agent in the conduct of the defense of such action
or (iii) the Corporation shall not in fact have employed counsel to assume the
defense of such action, in each of which cases the fees and expenses of Agent's
separate counsel shall be at the expense of the Corporation. The Corporation
shall not be entitled to assume the defense of any action, suit or proceeding
brought by or on behalf of the Corporation or as to which Agent shall have made
the conclusion provided for in clause (ii) above; and

(c)the Corporation shall not be liable to indemnify Agent under this
Agreement for any amounts paid in settlement of any action or claim effected
without its written consent, which shall not be unreasonably withheld. The
Corporation shall be permitted to settle any action except that it shall not
settle any action or claim in any manner which would impose any penalty or
limitation on Agent without Agent's written consent, which may be given or
withheld in Agent's sole discretion.

8.EXPENSES. The Corporation shall advance, prior to the final disposition
of any proceeding, promptly following request therefor, all expenses incurred by
Agent in connection with such proceeding upon receipt of an undertaking by or on
behalf of Agent to repay said amounts if it shall be determined ultimately that
Agent is not entitled to be indemnified under the provisions of this Agreement,
the Charter Documents, the Code or otherwise.

9.ENFORCEMENT. Any right to indemnification or advances granted by this
Agreement to Agent shall be enforceable by or on behalf of Agent in any court of
competent jurisdiction if (i) the claim for indemnification or advances is
denied, in whole or in part, or (ii) no disposition of such claim is made within
twenty (20) days of request therefor. Agent, in such enforcement action, if
successful in whole or in part, shall also be entitled to be paid the expense of
prosecuting his claim. It shall be a defense to any action for which a claim for
indemnification is made under Section 3 hereof (other than an action brought to
enforce a claim for expenses pursuant to Section 8 hereof, provided that the
required undertaking has been tendered to the Corporation) that Agent is not
entitled to indemnification because of the limitations set forth in Section 4
hereof. Neither the failure of the Corporation (including its Board of Directors
or its shareholders) to have made a determination prior to the commencement of
such enforcement action that indemnification of Agent is proper in the
circumstances, nor an actual determination by the Corporation (including its
Board of Directors or its shareholders) that such indemnification is improper
shall be a defense to the action or create a presumption that Agent is not
entitled to indemnification under this Agreement or otherwise.

10.SUBROGATION. In the event of payment under this Agreement, the
Corporation shall be surrogated to the extent of such payment to all of the
rights of recovery of Agent, who shall execute all documents required and shall
do all acts that may be necessary to secure such rights and to enable the
Corporation effectively to bring suit to enforce such rights.

11.CHANGE IN CONTROL AND ESTABLISHMENT OF TRUST. 

(a)The Corporation agrees that if there is a Change in Control (as
defined below) of the Corporation (other than a Change in Control which has been
approved by a majority of the Corporation's Board of Directors who were
directors immediately prior to such Change in Control) then with respect to all
matters thereafter arising concerning the rights of Agent to indemnity payments
and advances under this Agreement or any other agreement or Corporation By-law
now or hereafter in effect relating to claims, the Corporation shall seek legal
advice only from Independent Legal Counsel (as defined below) selected by Agent
and approved by the Corporation (which approval shall not be unreasonably
withheld). Such counsel, among other things, shall render its written opinion to
the Corporation and Agent as to whether and to what extent the Agent would be
permitted to be indemnified under applicable law. The Corporation agrees to pay
the reasonable fees of the Independent Legal Counsel referred to above and to
indemnify fully such counsel against any and all expenses (including attorneys'
fees), claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto. Change in Control shall be deemed
to have occurred if (i) any "person" (as such term is used in Sections
13(d) and 14(d) of the Exchange Act), other than a trustee or other fiduciary
holding securities under an employee benefit plan of the Corporation or a
corporation owned directly or indirectly by the stockholders of the Corporation
in substantially the same proportions as their ownership of stock of the
Corporation, is or becomes the "beneficial owner" (as defined in Rule 13d-3
under said Act), directly or indirectly, of securities of the Corporation
representing 20% or more of the total voting power represented by the
Corporation's then outstanding securities of the Corporation that generally vote
in the election of directors, or (ii) during any period of two consecutive
years, individuals who at the beginning of such period constitute the Board of
Directors of the Corporation and any new director whose election by the Board of
Directors or nomination for election by the Corporation's stockholders was
approved by a vote of at least two-thirds (2/3) of the directors then still in
office who either were directors at the beginning of the period or whose
election or nomination for election was previously so approved (collectively,
the "Incumbent Directors"), cease for any reason to constitute a majority
thereof, or (iii) the stockholders of the Corporation approve a merger or
consolidation of the Corporation with any other corporation, other than a merger
or consolidation which would result in the securities of the Corporation that
generally vote in the election of directors of the Corporation outstanding
immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into such types of securities of the surviving
entity) at least 80% of the total voting power represented by the such types of
securities of the Corporation or such surviving entity outstanding immediately
after such merger or consolidation, or the stockholders of the Corporation
approve a plan of complete liquidation of the Corporation or an agreement for
the sale or disposition by the Corporation of (in one transaction or a series of
transactions) all or substantially all the Corporation's assets. "Independent
Legal Counsel" shall mean an attorney or firm of attorneys, selected in
accordance with the provisions of this section, who shall not have otherwise
performed services for the Corporation or Agent within the last five years
(other than with respect to matters concerning the rights of Agent under this
Agreement, or of other indemnitees under similar indemnity agreements). 

(b)In the event of a Potential Change in Control (as defined below), the
Corporation shall, upon written request by Agent, create a trust for the benefit
of Agent and from time to time upon written request of Agent shall fund such
trust in an amount sufficient to satisfy any and all expenses reasonably
anticipated at the time of each such request to be incurred in connection with
investigating, preparing for and defending any claim, and any and all judgments,
fines, penalties and settlement amounts of any and all claims from time to time
actually paid or claimed, reasonably anticipated or proposed to be paid,
provided that in no event shall more than $500,000 be required to be deposited
in any trust created hereunder in excess of amounts deposited in respect of
reasonably anticipated expenses, and provided further that in no
event shall more than $10,000,000 in the aggregate be required to be deposited
in any such trust and any such trusts created pursuant to similar
indemnification agreements to which the Company is a party. The amount or
amounts to be deposited in the trust pursuant to the foregoing funding
obligation shall be determined by the Reviewing Party, in any case in which the
Independent Legal Counsel referred to above is involved. The terms of the trust
shall provide that upon a Change in Control (i) the trust shall not be revoked
or the principal thereof invaded, without the written consent of the Agent, (ii)
the trustee shall advance, within two business days of a request by the Agent,
any and all expenses to the Agent (and the Agent hereby agrees to reimburse the
trust under the circumstances under which the Agent would be required to
reimburse the Corporation under Section 2(b) of this Agreement), (iii) the trust
shall continue to be funded by the Corporation in accordance with the funding
obligation set forth above, (iv) the trustee shall promptly pay to Agent all
amounts for which Agent shall be entitled to indemnification pursuant to this
Agreement or otherwise, and (v) all unexpended funds in such trust shall revert
to the Corporation upon a final determination by the Reviewing Party or a court
of competent jurisdiction, as the case may be, that Agent has been fully
indemnified under the terms of this Agreement. The trustee shall be chosen by
Agent. Nothing in this Section 11 shall relieve the Corporation of any of its
obligations under this Agreement. Potential Change in Control shall be deemed to
have occurred if (i) the Corporation enters into an agreement, the consummation
of which would result in the occurrence of a Change in Control; (ii) any person
(including the Corporation) publicly announces an intention to take or to
consider taking actions which if consummated would constitute a Change in
Control; (iii) any person, other than a trustee or other fiduciary holding
securities under an employee benefit plan of the Corporation or a corporation
owned, directly or indirectly, by the stockholders of the Corporation in
substantially the same proportions as their ownership of stock of the
Corporation, who is or becomes the beneficial owner, directly or indirectly, of
securities of the Corporation representing 9.5% or more of the combined voting
power of the Corporation's then outstanding securities that generally vote in
the election of directors, increases his beneficial ownership of such securities
by five percentage points (5%) or more over the percentage so owned by such
person; or (iv) the Board adopts a resolution to the effect that, for purposes
of this Agreement, a Potential Change in Control has occurred. Notwithstanding
anything to the contrary set forth herein, in the event of a request by Agent to
create a trust under this Section 11(b), the Corporation shall not be
obligated to establish such trust if at least a majority of the Corporation's
Board of Directors in office immediately prior to a Change in Control, and prior
to the consummation of such Change in Control, determine that the creation of
such trust would not be in the best interests of the Corporation. 

12.NON-EXCLUSIVITY OF RIGHTS. The rights of Agent hereunder shall be in
addition to any other rights Agent may have under the Corporation's By-laws or
the Code or otherwise. To the extent that a change in the Code (whether by
statute or judicial decision) permits greater indemnification by agreement than
would be afforded currently under the Corporation's By-laws and this Agreement,
it is the intent of the parties hereto that Agent shall enjoy by this Agreement
the greater benefits so afforded by such change.

13.SURVIVAL OF RIGHTS.

(a)The rights conferred on Agent by this Agreement shall continue after
Agent has ceased to be a director, officer, employee or other agent of the
Corporation or to serve at the request of the Corporation as a director,
officer, employee or other agent of another corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise and shall inure to the
benefit of Agent's heirs, executors and administrators.

(b)The Corporation shall require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business or assets of the Corporation, expressly to
assume and agree to perform this Agreement in the same manner and to the same
extent that the Corporation would be required to perform if no such succession
had taken place.

14.SEPARABILITY. Each of the provisions of this Agreement is a separate
and distinct agreement and independent of the others, so that if any provision
hereof shall be held to be invalid for any reason, such invalidity or
unenforceability shall not affect the validity or enforceability of the other
provisions hereof. Furthermore, if this Agreement shall be invalidated in its
entirety on any ground, then the Corporation shall nevertheless indemnify Agent
to the fullest extent provided by the Charter Documents, the Code or any other
applicable law.

15.BURDEN OF PROOF. In connection with any determination by the Reviewing
Party or otherwise as to whether Agent is entitled to be indemnified hereunder
the burden of proof shall be on the Corporation to establish that Agent is not
so entitled.

16.PERIOD OF LIMITATIONS. No legal action shall be brought and no cause
of action shall be asserted by or in the right of the Company against Agent,
Agent's spouse, heirs, executors or personal or legal representatives after the
expiration of two years from the date of accrual of such cause of action, and
any claim or cause of action of the Corporation shall be extinguished and deemed
released unless asserted by the timely filing of a legal action within such two-
year period; provided, however, that if any shorter period of limitations is
otherwise applicable to any such cause of action such shorter period shall
govern.

17.ENTIRE AGREEMENT; EFFECTIVENESS. This Agreement contains the entire
agreement of the parties hereto, and supersedes any and all prior agreements and
understandings, both oral and written, between the parties with respect to the
subject matter hereof. This Agreement shall be effective as of the date
hereof.

18.GOVERNING LAW. This Agreement shall be interpreted and enforced in
accordance with the laws of the State of Delaware.

19.AMENDMENT AND TERMINATION. No amendment, modification, termination or
cancellation of this Agreement shall be effective unless in writing signed by
both parties hereto.

20.IDENTICAL COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original
but all of which together shall constitute but one and the same Agreement.

21.INTERPRETATION. The headings of the sections of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction hereof. Words denoting any gender shall
include all genders. Where a word or phrase is defined herein, each of its other
grammatical forms shall have a corresponding meaning.

22.NOTICES. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given (i)
upon delivery if delivered by hand to the party to whom such communication was
directed, (ii) upon the third business day after the date on which such
communication was mailed if mailed by certified or registered mail with postage
prepaid, (iii) upon the first business day after the date on which such
communication was sent by a nationally recognized overnight delivery service,
with delivery confirmed, or (iv) upon delivery by facsimile, with receipt
confirmed, addressed as follows:

(a)If to Agent, at the address indicated on the signature page
hereof.

(b)If to the Corporation, to

	

SangStat Medical Corporation

   6300 Dumbarton Circle

   Fremont, California 94555

   Attention:General Counsel

   Fax: 510-789-4493

or to such other address as may have been furnished to Agent by
the Corporation.

 

 

 

 

 

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

	
 
	
SANGSTAT MEDICAL CORPORATION

 

 

By: ____________________________

Name:__________________________

Title:___________________________

	
 
	
 

 

	
 
	
AGENT

 

 

By: ______________________________

Print Name:________________________

Address:__________________________

Fax: ____________________________

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