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EXHIBIT 10.35  

LICENSE AND DEVELOPMENT AGREEMENT  

    THIS LICENSE AND DEVELOPMENT AGREEMENT (this "Agreement") dated as of
February 29, 2000 (the "Effective Date"), is by and between Bioject Inc., an Oregon corporation with a principal place of business at 7620
S.W. Bridgeport Road, Portland, Oregon 97224 (together with its Affiliates, "Bioject") and Amgen Inc., a Delaware corporation with a principal
place of business at One Amgen Center Drive, Thousand Oaks, California 91320-1799 (together with its Affiliates, "Amgen"). 

WITNESSETH:  

    WHEREAS, Amgen is engaged in the development and commercialization of pharmaceutical products and has developed proprietary compounds
and associated know-how and data related thereto for human therapeutic use; 

    WHEREAS, Bioject possesses substantial experience and expertise in the discovery, design and development of needle-free
injection devices for the administration of pharmaceutical products using Bioject's proprietary Iject System (as defined below); 

    WHEREAS, Amgen and Bioject desire to contract for the exclusive license to Amgen and the development by Bioject of
needle-free injection devices, involving modifications to the Iject System, in certain fields of use on the terms and conditions set forth herein. 

    NOW THEREFORE, in consideration of the mutual covenants which are recited herein, and for other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 

  ARTICLE ONE
       DEFINITIONS         

    When used in this Agreement or any Exhibit hereto, each of the following capitalized terms shall have the respective meanings set forth in this Article One. 

    1.1 "Affiliate" shall mean a Person that, directly or indirectly, through one or
more intermediaries, controls, is controlled by, or is under common control with the Person specified. Solely for the purpose of this definition, "control" shall mean the possession, direct or
indirect, of the power to cause the direction of the management and policies of a Person, whether through ownership of more than fifty percent (50%) of the voting securities of such Person, by
contract or otherwise. 

    1.2 "Amgen Compound" shall mean the Initial Compound, and each other Amgen
proprietary pharmaceutical compound or other product in existence on the Effective Date or developed after the Effective Date for treatment of any indication in the Licensed Field or the Option Field,
and associated know-how. 

    1.3 "Amgen Counter-Offer" shall have the meaning set forth in Section 3.3. 

    1.4 "Amgen Designs" shall mean the ornamental industrial designs for the Iject
System attached hereto as Exhibit E. 

    1.5 "Amgen Intellectual Property" shall mean any Intellectual Property invented
(as determined under United States patent law), developed, discovered or otherwise owned or Controlled by Amgen, its Affiliates, and their respective employees, agents and/or representatives, which is
useful for the development, making, using or selling of any Amgen Compound or any Iject Product. Without limiting the generality of the foregoing, "Amgen Intellectual Property" shall include the Amgen
Designs. 

    1.6 "Bioject Intellectual Property" shall mean any Intellectual Property invented
(as determined under United States patent law), developed, discovered or otherwise owned or Controlled by Bioject, its Affiliates, and their respective employees, agents and/or representatives, which
is useful for the development, making, using or selling of any Iject Product or other needle-free injection device. 

    1.7 "BLA" shall mean a Biological License Application as defined in the U.S.
Food, Drug and Cosmetic Act and the regulations promulgated thereunder, as amended, and any filing under any successor laws and regulations. 

    1.8 "Cartridge" shall mean a medication syringe, consisting of a nozzle, tip cap,
O-ring, glass cartridge, rubber plunger and teflon ball, as more fully described in the Component Specifications. The specifications for the Cartridge for the Initial Prototypes is set
forth in Exhibit B attached hereto and incorporated herein. 

    1.9 "Code" shall mean the United States Bankruptcy Code, 11 U.S.C.
Section 101 et seq., as amended from time to time. 

    1.10 "Commercial Supply Agreement" shall mean an agreement for the manufacture
and supply of Products for treatment of one or more indications in the Licensed Field, in accordance with the terms and conditions set forth in Exhibit A attached hereto and incorporated
herein, and such other terms and conditions as are mutually agreed upon by Bioject and Amgen. 

    1.11 "Component Specifications" shall mean the specifications for the Components
mutually agreed upon by Bioject and Amgen. The Component Specifications for the Initial Prototypes are set forth in Exhibit B attached hereto and incorporated herein. 

    1.12 "Components" shall mean the parts necessary to make the Prototype Devices,
including the Injector Body and the Cartridge. The Components for the Initial Prototypes are set forth in Exhibit B attached hereto and incorporated herein. 

    1.13 "Confidential Information" shall mean all confidential and/or proprietary
information, materials, know-how and other data of a Party, both technical and nontechnical (including Intellectual Property of such Party), which is disclosed by such Party at any time
prior to or during the term of this Agreement pursuant to or in furtherance of this Agreement, except that which the receiving Party can establish by competent evidence: 

    (a) is
or later becomes generally available to the public by use, publication or the like, through no fault of the receiving Party, its Affiliates, officers, directors,
agents or employees; or 

    (b) is
obtained from a third party without restriction who had legal right to disclose the same to the receiving Party; or 

    (c) the
receiving Party already possessed and obtained from a source other than the disclosing Party, as evidenced by its written records, predating receipt thereof
from the disclosing Party; or 

    (d) is
independently developed by the receiving Party without the use of confidential information belonging to the disclosing Party as evidenced by the receiving
Party's written records. 

    Without
limiting the generality of the foregoing, each Amgen Compound, including without limitation its identity and chemical structure, and each other item of Amgen Intellectual
Property shall be deemed Confidential Information of Amgen for all purposes of this Agreement, and the Iject System (except for the Amgen Designs and any Joint Intellectual Property relating to the
Iject System) and each other item of Bioject Intellectual Property shall be deemed Confidential Information of Bioject for all purposes of this Agreement. 

    1.14 "Control" or "Controlled" means possession of the ability to grant licenses
or sublicenses without violating the terms of any agreement or other arrangement with (in each case, whether written, oral or otherwise), or the rights of, any third party. 

    1.15 "Deliverables" shall mean the items to be delivered with the Components, as
mutually agreed upon by Bioject and Amgen. The Deliverables for the Initial Prototypes are set forth in Exhibit C attached hereto
and incorporated by reference herein. 

2

    1.16 "Device Specifications" shall mean the specifications for the Prototype
Devices, as mutually agreed upon by Bioject and Amgen. The Device Specifications for the Initial Prototypes are set forth in Exhibit D attached hereto and incorporated by reference herein.

    1.17 "EP" shall mean the European Pharmacopoeia as in effect from time to time. 

    1.18 "FDA" shall mean the United States Food and Drug Administration of the
Department of Health and Human Services, or any successor agency. 

    1.19 "cGMPs" shall mean all current Good Manufacturing Practices regulations
promulgated by the FDA applicable to the Iject System, the Prototype Devices and the Iject Products. 

    1.20 "Holdings" shall mean Bioject's parent, Bioject Medical
Technologies, Inc., an Oregon corporation. 

    1.21 "Iject Product" shall mean the Iject System, with a cartridge containing (or
designed to contain) any Amgen Compound in liquid form. 

    1.22 "Iject System" shall mean Bioject's "Iject" pre-filled
needle-free injector with self-contained medication cartridge. 

    1.23 "Initial Compound" shall mean *. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    1.24 "Initial Field" shall mean *. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    1.25 "Initial Prototypes" shall mean the * single-use Prototype
Devices developed for delivery of the Initial Compound, * of which will serve as sample injectors. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    1.26 "Injector Body" shall mean the portion of any Iject Product other than the
Cartridge. 

    1.27 "Intellectual Property" shall mean any and all trade secrets, technical
information, data, materials, techniques, discoveries, inventions, methods, processes, know-how, improvements, trade dress, and Patent Rights that a Party now has or may hereafter invent,
develop, discover or otherwise own or Control. 

    1.28 "ISO" shall mean the general published requirements of the International
Standards Organization as in effect on the Effective Date, as such requirements may be amended, modified or supplemented from time to time. 

    1.29 "Joint Intellectual Property" shall mean any Intellectual Property
(including know-how) jointly invented (as determined under United States patent law), developed or discovered after the Effective Date by Bioject and Amgen, and/or their respective
Affiliates, employees, agents and/or representatives, which is useful for the development, making, using or selling of any Iject Product. 

    1.30 "JP" shall mean the Japanese Pharmacopoeia in effect from time to time. 

    1.31 "Licensed Field" shall mean *. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

3

    1.32 "Licensed Patents" shall mean all Patent Rights owned or Controlled by
Bioject on or after the Effective Date claiming, describing or otherwise relating to the Iject System or methods of use thereof, which Patent Rights as of the Effective Date are listed
in Exhibit F attached hereto and incorporated herein. 

    1.33 "Materials" shall mean any and all materials necessary to develop and
produce the Prototype Devices, including, without limitation, polycarbonate plastic, springs, gases, and product contacting surfaces (such as pharmaceutical grade rubber, teflon and Type I flint
glass). 

    1.34 "NDA" shall mean a New Drug Application as defined in the U.S. Food, Drug
and Cosmetic Act and the regulations thereunder, as amended. 

    1.35 "Option Field" shall mean *. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    1.36 "Parties" shall mean Amgen and Bioject and  "Party" shall mean either of them. 

    1.37 "Patent Rights" shall mean patent applications, patents issuing thereon and
any extensions or restorations by existing or future extension or restoration mechanisms, including without limitation Supplementary Protection Certificates or the equivalents thereof, renewals,
continuations, continuations-in-part, divisionals, patents-of-addition, certificates of invention, extensions, substitutions, confirmations,
re-registrations, re-examinations, revalidations and/or reissues of any patent, and any foreign counterparts thereof. 

    1.38 "Person" shall mean an individual, a partnership, a joint venture, a
corporation, a limited liability company, a trust, an estate, an unincorporated organization, or any other entity, or a government or any department or agency thereof. 

    1.39 "Pivotal Trial" shall mean a clinical trial which, if the defined
end-points are met, is intended by Amgen as of the start of such trial to be the clinical trial which will constitute sufficient basis for receipt of marketing approval for an Iject
Product in the United States. 

    1.40 "Prototype Device" shall mean any prototype of an Iject Product, including
without limitation the Initial Prototypes, in such quantities as Bioject and Amgen mutually agree. 

    1.41 "Schedule" shall mean the delivery schedule of Prototype Devices. The
delivery schedule for the Initial Prototypes shall be mutually agreed upon in writing by the parties after the Effective Date. 

    1.42 "Stock Purchase Agreement" shall mean the Stock Purchase Agreement by and
between Amgen and Holdings dated as of the Effective Date. 

    1.43 "Term" shall mean the term of this Agreement. 

    1.44 "Third Party Offer" shall have the meaning set forth in Section 3.3. 

    1.45 "USP" shall mean United States Pharmacopoeia as in effect on the Effective
Date. 

  ARTICLE TWO
       REPRESENTATIONS, WARRANTIES AND COVENANTS         

    2.1  Amgen Representations and Warranties and Covenants.  

    (a)  Corporate Power.  Amgen is duly organized and validly existing under the laws of the State of
Delaware and has full corporate power and authority to enter into this Agreement and to carry out the provisions hereof. 

4

    (b)  Due Authorization.  Amgen is duly authorized to execute and deliver this Agreement and to perform
its obligations hereunder. The person executing this Agreement on Amgen's behalf has been duly authorized to do so by all requisite corporate action. 

    (c)  Binding Agreement.  This Agreement is a legal and valid obligation binding upon Amgen and
enforceable in accordance with its terms. The execution, delivery and performance of this Agreement by Amgen does not conflict with any written agreement to which it is a party, nor violate any
material law or regulation of any court, governmental body or administrative or other agency having jurisdiction over it. 

    (d)  Compliance.  Amgen covenants that it will use commonly accepted professional standards of
workmanship to assemble and fill the Cartridge, attach the Cartridge to the Injector Body, and package the Prototype Devices in accordance with Section 4.1(m) hereof. 

    (e)  Adequate Premises and Personnel.  Amgen has and will at all times during the performance of the
filling, assembling and packaging of the Prototype Devices maintain adequate premises and equipment, knowledge and experience and competent personnel to assemble and fill the Cartridge, attach the
Cartridge to the Injector Body, and package the Prototype Devices in accordance with Section 4.1(m) hereof. Amgen shall provide such training of its appropriate personnel as may be required to
perform such filling, assembling and packaging obligations in a professional manner, consistent with standard industry practice and all applicable federal, state and local laws and regulations,
including without limitation cGMPs. 

    (f)  Disclosure.  Amgen covenants and agrees with Bioject that it shall promptly notify Bioject in
writing of the occurrence of any breach by Amgen of any representation, warranty, covenant or agreement of Amgen set forth herein, or any failure by Amgen to perform any material obligation set forth
herein. 

    2.2  Bioject Representations and Warranties and Covenants.  

    (a)  Corporate Power.  Bioject is duly organized and validly existing under the laws of the State of
Oregon and has full corporate power and authority to enter into this Agreement and to carry out the provisions hereof. 

    (b)  Due Authorization.  Bioject is duly authorized to execute and deliver this Agreement and to perform
its obligations hereunder. The person executing this Agreement on Bioject's behalf has been duly authorized to do so by all requisite corporate action. 

    (c)  Binding Agreement.  This Agreement is a legal and valid obligation binding upon Bioject and
enforceable in accordance with its terms. The execution, delivery and performance of this Agreement by Bioject does not conflict with any agreement, instrument or understanding, oral or written, to
which it is a party or by which it may be bound, nor violate any material law or regulation of any court, governmental body or administrative or other agency having jurisdiction over it. 

    (d)  Grant of Rights.  Bioject has not, and will not during the Term, grant any right to any third party
which would conflict with the rights granted to Amgen hereunder. 

    (e)  Validity.  Bioject is aware of no action, suit, inquiry or investigation instituted by any United
States federal or state governmental agency which questions or threatens the validity of this Agreement or the Licensed Patents. 

    (f)  Defects; Safety and Efficacy.  Bioject has not received any communication from the FDA or other
regulatory agency regarding any defects in, or any other issues with respect to the safety and efficacy of, the Iject System or any component thereof or any other needle-free injector
system or any component thereof owned or Controlled by Bioject. 

5

    (g)  Licensed Patents.  Bioject possesses the exclusive right, title and interest in and to the Licensed
Patents, all of which are unencumbered by any lien, security interest or other right or claim of any third party. The Licensed Patents include all Patent Rights owned or Controlled by Bioject which
claim, describe or relate to the Iject System. To the best of Bioject's knowledge after due inquiry, (i) the practice of the subject matter of the Licensed Patents will not infringe upon any
Patent Right of any third party and (ii) there are no patent applications that would be infringed by the practice of the subject matter of the Licensed Patents. The Licensed Patents include all
Patent Rights necessary to make, have made, use, sell, offer for sale and import the Iject System in the Licensed Field. 

    (h)  Compliance.  Bioject covenants that (i) it will use commonly accepted professional standards
of workmanship to develop and manufacture the Components and the Prototype Devices, (ii) the Components and the Prototype Devices will be developed and manufactured in compliance with cGMPs and
all applicable federal, state and local laws and regulations, (iii) the Components will be developed and manufactured in accordance with the Component Specifications, (iv) the Prototype
Devices will be developed and manufactured in accordance with the Device Specifications and (v) it will not utilize any process or materials in developing and manufacturing the Prototype
Devices that to Bioject's knowledge would infringe any Patent Right or other intellectual property right of a third party. 

    (i)  Exclusive Services.  Bioject covenants and agrees with Amgen for the Term and for the term of any
Commercial Supply Agreement that neither it nor its Affiliates will enter into any agreement, instrument or understanding, oral or written, or perform any services, with respect to any third party's
pharmaceutical or therapeutic product (i) (A) which consists of essentially the same chemical or protein entity as an Amgen Compound or (B) which could be used in the treatment of an
indication or indications in the Licensed Field or the Option Field (so long as the right of first offer set forth in Section 3.3 is in effect with respect to any such indication) and
(ii) which involves the delivery of such product through the use of the Iject System, any Iject Product, or any other needle-free injector system with pre-filled
cartridge, whether a single-use or multiple-use injector system, that is owned or Controlled by Bioject, including without limitation any improvement to the Iject System. This
Section 2.2(i) is in addition to, and not in limitation of, the rights and obligations set forth in Section 9.1 hereof. 

    (j)  Adequate Premises and Personnel.  Bioject has and will at all times during the development of the
Prototype Devices maintain adequate premises and equipment, knowledge and experience and competent personnel to develop the Prototype Devices in accordance with the Device Specifications and with the
terms and conditions set forth in this Agreement. Bioject shall provide such training of its appropriate personnel as may be required to perform its obligations hereunder in a professional manner,
consistent with standard industry practice and all applicable federal, state and local laws and regulations, including without limitation cGMPs. 

    (k)  Third Parties.  Bioject will not subcontract or otherwise transfer responsibility for any of its
obligations hereunder without Amgen's prior written consent. Bioject will take all precautions necessary to ensure that the Prototype Devices, any Component thereof, and any Amgen Compound, will not
be exposed to or used by any third party nor to or by unauthorized persons in the employment of Bioject. 

    (l)  Disclosure.  Bioject covenants and agrees with Amgen that it shall promptly notify Amgen in writing
of the occurrence of any breach by Bioject of any representation, warranty, covenant or agreement of Bioject set forth herein, or any failure by Bioject to perform any material obligation set forth
herein. 

6

  ARTICLE THREE
       LICENSE         

    3.1  Patent License.  Bioject hereby grants to Amgen an exclusive worldwide
license under the Licensed Patents to use, sell, offer for sale and import Iject Products in the Licensed Field, with the right to sublicense to any Affiliate. 

    3.2  Intellectual Property License.  Bioject hereby grants to Amgen an exclusive
worldwide license under the Bioject Intellectual Property to use, sell, offer for sale and import Iject Products in the Licensed Field, with the right to sublicense to any Affiliate. 

    3.3  Right of First Offer in Option Field.  Bioject hereby grants to Amgen for
the Term a right of first offer to obtain an exclusive worldwide license under the Licensed Patents and the Bioject Intellectual Property to use the Iject System for any Amgen Compound in the Option
Field, as the Iject System may be modified from time to time to deliver any Amgen Compound as mutually agreed by Bioject and Amgen. In order to effectuate the purposes of the foregoing grant, Bioject
hereby further agrees that for the Term it will do the following: 

    (a) Bioject
shall promptly notify Amgen of any actual agreement, arrangement or understanding, or similar expression of interest, whether written or oral, between
Bioject and any third party with respect to such third party's use or potential use of the Iject System, any Iject Product, or any other needle-free injector system with
pre-filled cartridge, whether a single-use or multiple-use injector system, including any improvements to the Iject System, for any indication or indications in the
Option Field. 

    (b) Within
ten (10) days of Bioject's receipt of and prior to accepting any bona fide offer from any third party for use of the Iject System, any Iject Product,
or any other needle-free injector system with pre-filled cartridge, whether a single-use or multiple-use injector system, including any improvements to
the Iject System, for any indication or indications in the Option Field (a "Third Party Offer"), Bioject shall first seek an offer from Amgen for use of
the Iject System for any such indication or indications as follows: 

     (i) Bioject
shall notify Amgen of the Third Party Offer, which notice shall (A) summarize all material terms and conditions and the applicable indications of the
Third Party Offer and (B) request Amgen to make an offer (an "Amgen Counter-Offer") for use of the Iject System for the indication or indications
contained in the Third Party Offer. The Amgen Counter-Offer may be made by Amgen at any time within forty-five (45) days after Amgen's receipt of the Bioject notice; 

    (ii) Within
forty-five (45) days of Bioject's receipt of an Amgen Counter-Offer, Bioject shall notify Amgen in writing with respect to Bioject's
decision to (A) accept such Amgen Counter-Offer, (B) reject such Amgen Counter-Offer, or (C) request additional information relating to such Amgen Counter-Offer, whereupon Amgen
shall have an additional thirty (30) days to respond to Bioject's request for additional information; and 

    (iii) Within
fifteen (15) days of Bioject's receipt of additional information from Amgen in accordance with subsection (b)(ii)(C) above, Bioject shall notify
Amgen in writing with respect to Bioject's decision to accept or reject the Amgen Counter-Offer. Subject to Section 3.3(c), Bioject may not accept a Third Party Offer until it has notified
Amgen in writing of its rejection of the Amgen Counter-Offer. 

    Notwithstanding
the foregoing, Bioject shall not receive any Third Party Offer, and shall not seek any Amgen Counter-Offer, at any time during the first one hundred eighty
(180) days following the Effective Date. 

7

    (c) In the event that Bioject rejects an Amgen Counter-Offer, and Bioject subsequently agrees to enter into an agreement with any third party for use of the Iject
System in the Option Field, such third party agreement must be on terms more favorable to Bioject than the terms of the Amgen Counter-Offer. 

    (d) Upon
Bioject's acceptance of an Amgen Counter-Offer, the Parties shall use good faith efforts to negotiate and execute a definitive licensing agreement with respect
to the subject matter thereof. 

    (e) Notwithstanding
the foregoing, the right of first offer contained in this Section 3.3 shall automatically expire for any indication in the Option Field upon
the initiation of a Pivotal Trial for such indication unless the parties otherwise mutually agree. 

    (f)  The
right of first offer contained within this Section 3.3 shall be extended through the expiration date of any Commercial Supply Agreement, if such right
has not earlier expired in accordance with subsection (e) above. 

  ARTICLE FOUR
       DEVELOPMENT AND DELIVERY OF PROTOTYPE DEVICES         

    4.1  Development and Delivery of Components and Prototype Devices.  

    (a) Bioject
shall design, develop and produce the Components and the Prototype Devices, conforming to the Component Specifications and the Device Specifications,
respectively, and in accordance with the terms and conditions of this Agreement. Bioject shall perform all work required to accomplish the foregoing, including, but not limited to, the work set forth
in this Section 4.1 (except as provided in the first sentence of subsection (m) below). 

    (b) Bioject
shall design, develop and produce the Prototype Devices such that they may be used to deliver the appropriate Amgen Compound by subcutaneous injection. 

    (c) Bioject
shall produce, in a manner that is representative of a commercially feasible production process, and deliver prototype parts for each Component. 

    (d) Bioject
shall develop and demonstrate to Amgen all necessary Component procurement, preparation and assembly processes to ensure process scalability,
batch-to-batch uniformity and intra-batch consistency in product quality with time, all in accordance with the Component Specifications, Device Specifications and the other
requirements specified in this Agreement. 

    (e) Amgen
may provide to any third party chosen by Amgen all specifications, information and technical support for the Prototype Devices in order for such third party
to evaluate the Components and the Prototype Devices, subject to such third party executing with Amgen a confidentiality and non-use agreement in favor of Bioject and Amgen on terms
substantially similar to those herein applicable to both Bioject and Amgen. 

    (f)  Bioject
shall maintain documentation of the design and production of the Components and the Prototype Devices in sufficient detail to document performance of its
obligations under this Agreement.
At Amgen's request, Bioject shall provide Amgen with copies of all such documentation and provide such other assistance as Amgen requires to (i) assist Amgen in the evaluation of the Components
and the Prototype Devices and (ii) assist Amgen in the commercialization of the Iject Product based upon such Prototype Devices. 

    (g) Upon
the written request of Amgen, Bioject shall implement any modifications made by Amgen to the Component Specifications or Device Specifications after the
Effective Date, including, but not limited to, those which in Amgen's opinion are necessitated by a change after the Effective Date in any law or regulation or applicable standard referred to herein,
whether in USP, EP, JP, 

8

cGMPs or otherwise, subject to agreement between Bioject and Amgen on additional compensation payable by Amgen to Bioject in the event that such modifications create more than an immaterial increase
in Bioject's cost of performance, as evidenced by written records provided to Amgen. 

    (h) Bioject
shall deliver to Amgen in accordance with the Schedule the complete Injector Body of the Prototype Devices, and the components for the Cartridge. Legal
title and risk of loss with respect to each delivery of the foregoing items shall pass from Bioject to Amgen upon delivery at Amgen's warehouse, Thousand Oaks, California, except where the loss or
damage is related to a breach of the warranty set forth in subsection (i) below, in which case legal title and risk of loss shall pass from Bioject and Amgen upon delivery of replacement items
in conformity with such warranty. Bioject shall be solely responsible for all sales, use, excise, personal property and other taxes, charges and assessments which may be levied or assessed by any
governmental authority upon the transfer of the foregoing Components from Bioject to Amgen. 

    (i)  Bioject
warrants to Amgen that, at the time of delivery to Amgen, the Components will meet Component Specifications, the Prototype Devices will meet Device
Specifications, and each Component and each Prototype Device will be free from defects of materials and workmanship, and be suitable for use in connection with the appropriate Amgen Compound. Except
as set forth in this subsection (i), Bioject disclaims any and all warranties of any kind with respect to the Components and Prototype Devices, whether express or implied, including without limitation
the warranties of merchantability and fitness for a particular purpose. 

    (j)  Amgen
shall have the right to perform complete testing on each delivery of the Components. Amgen may reject any or all of the Components in the event that any of
the Components fail to meet any of the Component Specifications. Amgen may reject any or all of the Prototype Devices in the event that any of the Prototype Devices fail to meet any of the Device
Specifications. Amgen shall reject any or
all of the Components or Prototype Devices delivered hereunder by giving written notice of rejection to Bioject within thirty (30) days following Amgen's receipt of such delivery. The testing
by Amgen contemplated by this subsection (j) does not relieve Bioject of its obligation to furnish conforming Components and Prototype Devices, and shall not be deemed to limit in any way the
warranties set forth in subsection (i) above. 

    (k) Bioject
will repair or replace at its own cost any defective or nonconforming Components or Prototype Devices within fifteen (15) days of receipt from Amgen
of written notice specifying the defect or nonconformity. Amgen shall thereafter return any such defective or nonconforming Components or Prototype Devices to Bioject and Bioject shall provide to
Amgen a written report explaining the reason for the nonconformity or defect within thirty (30) days after receipt of the defective or nonconforming Components or Prototype Devices. 

    (l)  All
Materials and equipment necessary for the development, production and delivery of the Components and the Prototype Devices, and all other Deliverables, will be
provided by Bioject, subject in the case of the Initial Prototypes to the provisions of Section 4.2(b). 

    (m) Amgen
shall assemble and fill the Cartridge, attach the Cartridge to the Injector Body, and package the Prototype Devices. Bioject shall provide Amgen with all
assistance reasonably requested by Amgen with respect to the foregoing assembly, filling, attaching and packaging. 

    4.2  Development and Delivery of Initial Prototypes.  

    (a) Bioject
shall design, develop and produce the Initial Prototypes in accordance with this Agreement in support of clinical trials in the Initial Field, and deliver
the Components thereof in accordance with the Schedule. 

    (b) All
Materials and equipment necessary for the development, production and delivery of the Initial Prototypes and the Components thereof, and other Deliverables for
the Initial Prototypes will 

9

be provided by Bioject. Amgen shall reimburse Bioject for reasonable actual out of pocket costs for all such Materials and equipment, and any other reasonable expenses (including without limitation
labor
and overhead expenses) incurred by Bioject related to the manufacture of the Prototype Devices and related to the assistance reasonably requested by Amgen in accordance with Section 4.1(m), all
as evidenced by reasonable supporting documentation; provided, however, that Amgen shall not be required to reimburse Bioject for more than * for all of
the foregoing. Amgen will pay Bioject for such costs within thirty (30) days of receipt of Bioject's invoice therefor. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    (c) All
terms and conditions of Section 4.1 shall apply to the development and delivery of the Initial Prototypes and the Components thereof. 

  ARTICLE FIVE
       PAYMENTS         

    5.1  Equity Purchase.  Simultaneous with the execution of this Agreement,
Holdings and Amgen are entering into the Stock Purchase Agreement, pursuant to which Holdings will sell to Amgen and Amgen will purchase newly issued common stock of Holdings at an aggregate purchase
price of One Million Five Hundred Thousand Dollars ($1,500,000), under the terms and conditions set forth therein. 

    5.2  Milestone Payments.  

    (a) Within
thirty (30) days after the occurrence of each of the following events (each, a "Milestone Event") with
respect to any Iject Product, Amgen will make the following payments (each, a "Milestone Payment") to Bioject: 

	Milestone Event
	 	Milestone Payment

	*	 	*

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

Amgen
shall not be obligated to make any additional Milestone Payments under this Section 5.2 after completion of the Milestone Event described in subsection (iii) above, regardless of
the number of Products that achieve a particular Milestone Event in the Licensed Field. 

    (b) If
upon the * of the Effective Date, Amgen has not made any Milestone Payment to Bioject, Amgen may, in its sole discretion, *. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

  ARTICLE SIX
       INTELLECTUAL PROPERTY; PATENTS         

    6.1  Bioject Intellectual Property and Confidential Information.  The Parties
hereby acknowledge and agree that Bioject is and shall remain the sole owner of all Bioject Intellectual Property and all Confidential Information of Bioject, subject to the licenses granted to Amgen
hereunder. Amgen shall not enter into
any agreement, arrangement or understanding with any third party that involves any such Bioject Intellectual Property or Confidential Information of Bioject without the prior written agreement of
Bioject. 

10

 

    6.2  Amgen Intellectual Property and Confidential Information.  

    (a) The
Parties hereby acknowledge and agree that Amgen is and shall remain the sole owner of all Amgen Intellectual Property and all Confidential Information of Amgen.
Except as expressly permitted in Section 6.2(b), Bioject shall not enter into any agreement, arrangement or understanding with any third party that involves any such Amgen Intellectual Property
or Confidential Information of Amgen, or otherwise use the Amgen Intellectual Property or Confidential Information of Amgen except as expressly contemplated by this Agreement, without the prior
written agreement of Amgen. 

    (b) Notwithstanding
Section 6.2(a), Amgen hereby grants to Bioject a non-exclusive, royalty-free, worldwide, perpetual right to make,
have made, use, sell, offer for sale and import the Iject System incorporating the Amgen Design for use for any indication outside of the Licensed Field or the Option Field (so long as the right of
first offer set forth in Section 3.3 is in effect with respect to any such indication); provided, however, that the foregoing grant does not
include any element of the Amgen Design containing either (i) the wave design evidencing proper alignment of the Iject System for firing or (ii) a piston rod in any color other than
white to evidence firing of the Iject System. 

    6.3  Joint Intellectual Property.  Each Party shall own and shall have the full
right to use for its own benefit all Joint Intellectual Property; provided, however, that during the Term and the term of any Commercial Supply
Agreement Amgen shall not, without the prior written consent of Bioject, license, sublicense, assign or otherwise transfer Joint Intellectual Property to any third party for use for any indication
outside of the Licensed Field or the Option Field (so long as the right of first offer set forth in Section 3.3 is in effect with respect to any such indication); and provided, further, that
during the Term and the term of any Commercial Supply Agreement Bioject shall not, without the prior written consent of Amgen, license, sublicense, assign or otherwise transfer Joint Intellectual
Property to any third party for use for any indication within the Licensed Field or the Option Field (so long as the right of first offer set forth in Section 3.3 is in effect with respect to
any such indication). Each Party shall promptly disclose to the other Party any Joint Intellectual Property in its possession and the Parties shall cooperate with and assist each other in the
preparation of all documents necessary to effectuate each Party's rights in such Joint Intellectual Property. 

    6.4  Patent Prosecution.  

    (a)  Counsel.  During the Term, Bioject will retain Terry Miller, Esq., or such other qualified
independent outside patent counsel reasonably acceptable to Amgen, and use commercially reasonable efforts to prosecute and maintain all Licensed Patents worldwide. Bioject will keep Amgen fully
informed on the progress and status of prosecution of the Licensed Patents. 

    (b)  Correspondence and Filings.  Bioject will provide Amgen with copies of all Bioject filings with and
correspondence submitted to the United States Patent and Trademark Office and comparable foreign offices which relate to the Licensed Patents and will provide Amgen with a reasonable opportunity to
comment on all such correspondence and filings prior to submission. Bioject will consider Amgen's comments relating to such filings and correspondence and, where appropriate, incorporate such
comments, but the final decision with respect to content of Bioject's filings and correspondence shall be at Bioject's option and discretion. Upon receipt by Bioject, Bioject will promptly provide
Amgen with copies of all correspondence from the United States Patent and Trademark Office and comparable foreign offices which relate to the Licensed Patents. 

    (c)  Expenses.  All expenses in connection with prosecution and maintenance of the Licensed Patents will
be borne by Bioject. 

    6.5  Patent Applications Claiming Joint Intellectual Property.  All patent
applications claiming any Joint Intellectual Property shall be agreed to by the Parties and filed, prosecuted and maintained jointly by the Parties and at their joint expense, with terms to be agreed
upon by the Parties at the time of disclosure. All such patent applications shall be drafted and filed by mutually agreeable outside counsel. If for any reason 

11

either Party shall decline to participate in the filing, prosecution or maintenance of any patent application or patent claiming any Joint Intellectual Property, the other Party shall be entitled to
assume sole responsibility for such filing, prosecution or maintenance of such patent application or patent at its sole expense. 

  ARTICLE SEVEN
       COMMERCIAL DEVELOPMENT; REGULATORY MATTERS         

    7.1  Commercial Development of Iject Products.  All decisions with respect to the
commercial development of any Iject Products in the Licensed Field, including whether and to what extent to develop and commercialize Iject Products for any indications in the Licensed Field, shall be
made by Amgen in its sole discretion. Bioject hereby acknowledges and agrees that Amgen shall have no obligation to commercialize any Iject Products for any indication in the Licensed Field. In the
event that Amgen elects in its sole discretion not to pursue commercialization of the Iject Products for any indication or indications in the Licensed Field, it shall promptly notify Bioject of such
election in writing. In the event that Amgen elects in its sole discretion to pursue commercialization of the Iject Products for any indication or indications in the Licensed Field, Amgen and Bioject
shall enter into a Commercial Supply Agreement for such Iject Products. Each Party acknowledges and agrees that the terms of * may be subject to the prior approval of the board of directors of the
other Party as a condition to such Party's entering into such agreement, and that neither Party shall have any liability to the other Party if it is unable to obtain such approval. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    7.2  Regulatory Submissions.  Amgen shall have the right, but not the obligation,
to compile and file any and all regulatory filings with the FDA or comparable authorities required for approval of Iject Products for commercial use. At Amgen's request, Bioject shall supply in a
timely fashion all documentation necessary to support any such filings and, at Amgen's request, Bioject shall participate with Amgen in meetings with the FDA or comparable authorities regarding the
Iject Products. 

    7.3  Compliance with Regulations.  Each Party will comply with all laws and
regulations applicable to the performance of their respective obligations hereunder. 

  ARTICLE EIGHT
       INDEMNIFICATION AND INSURANCE         

    8.1  Indemnification by Bioject.  Bioject will indemnify, defend and hold
harmless Amgen, its officers, directors, shareholders, employees, agents and representatives from and against any and all costs, claims, suits, expenses (including reasonable attorneys' fees) and
damages arising out of or resulting from (a) any representation or warranty by Bioject set forth herein being untrue in any material respect when made or any material breach or material default
by Bioject of any of its covenants or other obligations hereunder or (b) any claim, demand, suit or other action of any nature brought by any third party arising out of Amgen's using, selling,
offering for sale or importing Iject Products as contemplated by this Agreement and in accordance with any written instructions for proper use, but excluding any claim, demand, suit or other action
arising out of Amgen's performance of its obligations under Section 4.1(m). 

    8.2  Indemnification by Amgen.  Amgen will indemnify, defend and hold harmless
Bioject, its officers, directors, shareholders, employees, agents and representatives from and against any and all costs, claims, suits, expenses (including reasonable attorneys' fees) and damages
arising out of or resulting from (a) any representation or warranty by Amgen set forth herein being untrue in any material respect when made or any material breach or material default by Amgen
of any of its covenants or other obligations hereunder or (b) any claim, demand, suit or other action of any nature brought by any third party arising out of Bioject's 

12

use of any Amgen Compound as contemplated by this Agreement and in accordance with any written instructions for proper use. 

    8.3  Insurance.  Bioject shall carry and maintain the following types and amounts
of insurance, to cover any claims arising out of Bioject's performance under this Agreement: 

	Type of Coverage
 
	 	Amount

	Product Liability Insurance	 	$	2,000,000
	Commercial General Liability Insurance	 	$	2,000,000
	Excess Liability Insurance	 	$	5,000,000

    Bioject
shall furnish Amgen with a certificate of insurance, naming Amgen as an additional insured, providing for such insurance and requiring no less than thirty (30) days
prior written notice to Amgen of any cancellation of such insurance. 

  ARTICLE NINE
       CONFIDENTIAL INFORMATION         

    9.1  Nondisclosure of Confidential Information.  Except to the extent expressly
authorized under Section 9.3 or otherwise under this Agreement, during the Term and thereafter until the later of *, the other Party shall not (i) disclose, publish or make available any
Confidential Information to any third party, nor to any employees who do not need to know or have access to such Confidential Information, nor (ii) transfer or otherwise use or exploit any such
Confidential Information. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    9.2  Announcements.  Subject to Section 9.3, during and after the Term,
neither Party shall issue a press release or make any other disclosure of the existence of or the terms of this Agreement, or otherwise use the name or trademarks or products of the other Party or the
names of any employees thereof, without the prior approval of such press release or disclosure by the other Party hereto. 

    9.3  Required Disclosure.  If in the reasonable opinion of any Party's counsel
(which may include such Party's internal counsel), a disclosure of Confidential Information or any other disclosure which is subject to Section 9.2 shall be required by law, regulation or court
order, including without limitation in a filing with the United States Securities and Exchange Commission or the FDA, then the disclosing Party shall provide copies of the disclosure reasonably in
advance of such filing or other disclosure for the nondisclosing Party's prior review and comment, and the nondisclosing Party shall provide its comments, if any, on such announcement as soon as
practicable. 

  ARTICLE TEN
       TERM AND TERMINATION         

    10.1  Term.  Subject to Section 10.3, unless terminated in accordance with
its terms, this Agreement will commence on the Effective Date and remain in full force and effect until the date which is the fifth (5th) anniversary of the Effective Date. 

    10.2  Termination.  

    (a)  By Amgen for Convenience.  Amgen may terminate this Agreement without cause upon giving thirty
(30) days prior written notice to Bioject and payment to Bioject of any amounts outstanding under Section 4.2. 

    (b)  By Bioject by Indication or for Failure to Make Milestone Payment.  If Amgen elects not to pursue
commercialization of the Iject Products for any indication or indications in the Licensed Field 

13

by giving written notice thereof to Bioject in accordance with Section 7.1, Bioject may terminate this Agreement with respect to such indication or indications;  provided, however, that this
Agreement shall continue in full force and effect with respect to any other indications in the Licensed Field and the
Option Field (so long as the right of first offer set forth in Section 3.3 is in effect with respect to an indication in the Option Field). *, then Bioject may terminate this Agreement upon
giving thirty (30) days prior written notice to Amgen. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    (c)  Default.  Either Party may terminate this Agreement by written notice to the other if (i) any
representation or warranty of the other Party shall have been untrue in any material respect when made, or (ii) the other Party (or any of its Affiliates) shall fail to perform any material
obligation set forth herein or in the Stock Purchase Agreement which failure shall not be cured within sixty (60) days following receipt of notice from the nonbreaching Party setting forth the
nature of the default and demanding that the default be cured. If Amgen terminates this Agreement pursuant to this Section 10.2(c), Amgen shall not be required to make any further payments to
Bioject under Section 4.2. 

    (d)  Bankruptcy.  Either Party may terminate this Agreement, effective immediately upon the giving of
written notice to the other Party, if the other Party shall file a petition for bankruptcy, or shall be adjudicated as bankrupt, or shall take advantage of any applicable insolvency laws, or
shall make an assignment for the benefit of creditors, or shall have a receiver, whether appointed by private instrument or court officer appointed for its property, and any such event shall have
continued for forty-five (45) days undismissed, unbonded and undischarged. All rights and licenses granted under or pursuant to this Agreement by Bioject are, and shall otherwise be
deemed to be, for purposes of Section 365(n) of the Code, licenses of rights to "intellectual property" as defined under Section 101 of the Code. The Parties agree that Amgen shall
retain and may fully exercise all of its rights and elections as a licensee of "intellectual property" under the Code. The Parties further agree that, in the event of the commencement of a bankruptcy
proceeding by or against Bioject under the Code, Amgen shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such
intellectual property, and same, if not already in their possession, shall be promptly delivered to Amgen (i) upon any such commencement of a bankruptcy proceeding upon their written request
therefor, unless Bioject (or a trustee on behalf of Bioject) elects to continue to perform all of its obligations under this Agreement or (ii) if not delivered under (i) above, upon the
rejection of this Agreement by or on behalf of Bioject upon written request therefor by Amgen. 

    (e) In
the event of any termination of this Agreement in accordance with subsections (a), (c) and (d) hereof, each Party shall return to the other Party
any and all Confidential Information of the other Party's which such Party has in its possession; provided, however, that such Party may retain one copy
of any such Confidential Information which is in written form solely for purposes of determining compliance with this Agreement. 

    10.3  Effect of Termination. Upon the termination of this Agreement, all rights and obligations
of the Parties under this Agreement shall no longer be in effect other than those under Sections 2.1(a), 2.1(b), 2.1(c), 2.2(a), 2.2(b), 2.2(c), 4.1(i), 6.1, 6.2 and 10.2, and Articles Eight, Nine and
Eleven hereof, which shall remain in full force and effect in accordance with their terms after such termination. 

  ARTICLE ELEVEN
       MISCELLANEOUS         

    11.1  No Waiver.  Failure by either Party to insist upon strict observance of or
compliance with any of the terms of this Agreement in one or more instances shall not be deemed to be a waiver of its rights to 

14

insist upon such observance of compliance with the other terms hereof nor any waiver with respect to any subsequent failures to observe compliance with such terms in the future. 

    11.2  Notices.  All notices and demands required or permitted to be given or made
pursuant to this Agreement shall be in writing and given by first class certified or registered mail, postage prepaid and properly addressed, to the address of the Party to be notified as shown below,
or to such other address as to which either Party may notify the other in writing, or by confirmed facsimile, to the facsimile number shown below, or to such other facsimile number as to which either
Party may notify the other in writing. Notice shall be effective on the date it is received. 

	If to Amgen:	 	Amgen Inc.

One Amgen Center Drive

Thousand Oaks, CA 91320-1799

Attn: Vice President, Operations

cc: General Counsel, Senior Vice President, Corporate Development

  and Corporate Secretary

Facsimile: (805) 499-8011
	 

If to Bioject:	 
 	 

Bioject Inc.

7620 S.W. Bridgeport Road

Portland, OR 97224

Attn: James O'Shea

  Chairman, President and Chief Executive Officer

Facsimile: (503) 620-6431
	 

with a copy to:	 
 	 

Stoel Rives LLP

900 SW Fifth Avenue, Suite 2600

Portland, OR 97204-1268

Attn: Annette M. Mulee, Esq.

Facsimile: (503) 296-9666
	 

 	 
 	 

 

    11.3  Assignment.  This Agreement shall not be assignable by either Party to any
third party without the written consent of the other Party; provided, however, a Party may assign this Agreement and all of its rights and obligations
under this Agreement, without such consent, to a Person that acquires all or substantially all of its business or assets to which this Agreement pertains, whether by merger, consolidation,
reorganization, acquisition, sale or otherwise. Notwithstanding the restrictions in this Section 11.3, no provision of this Agreement shall be deemed to restrict Amgen's ability to assign,
license or otherwise transfer to any third party any or all of its rights in or to any Amgen Compound. This Agreement shall be binding upon and inure to the benefit of the Parties, their successors
and permitted assigns. 

    11.4  Governing Law.  This Agreement is governed by the laws of the State of
California, without regard to its principles of conflicts of law. 

    11.5  Further Actions.  The Parties agree to execute, acknowledge and deliver
such further instruments and to do all such other incidental acts as may be reasonably necessary or appropriate to carry out the purpose and intent of this Agreement. 

    11.6  Severability.  In the event any one or more of the provisions of this
Agreement should for any reason be held by any court or authority having jurisdiction over either of the Parties or this Agreement to be invalid, illegal or unenforceable, such provision or provisions
shall be validly reformed to as nearly approximate the intent of the Parties as possible or, if unreformable, shall be divisible and deleted in such jurisdiction; elsewhere, this Agreement shall not
be affected. 

    11.7  Independent Contractors.  Nothing in this Agreement is intended nor shall
be deemed to constitute a partnership, agency, employer-employee or joint venture relationship between the Parties. All 

15

activities by the Parties hereunder shall be performed by them as independent contractors. Neither Party shall incur any debts or make any commitments for the other Party. 

    11.8  Captions.  The Parties agree that the headings in the Agreement are used
for the convenience of the Parties only and are not intended to be used in the interpretation of this Agreement. 

    11.9  Amendments.  This Agreement, including the Exhibits and other documents
provided for herein and contemplated hereby, contains the entire understanding between the Parties hereto in respect of the subject matter contained herein and supersedes all prior agreements,
understandings, representations and communications, whether written or oral. This Agreement shall not be amended or supplemented except in a written document duly executed by a duly authorized
representative of each Party. 

    11.10  Counterparts.  This Agreement may be executed in two or more counterparts,
each of which shall constitute an original, but all of which, when taken together, shall constitute but one instrument, and shall become effective when one or more counterparts have been signed by
each Party hereto and delivered to the other Parties. 

    IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. 

	AMGEN INC.
	 

By:	 
 	 

 	 
 	 

 
	 	 	
 Gordon M. Binder
 Chairman of the Board and Chief Executive Officer	 	 
	 

 	 
 	 
 BIOJECT INC.
	 

By:	 
 	 

 	 
 	 

 
	 	 	
 James O'Shea
 President and Chief Executive Officer	 	 

16

  EXHIBIT A
  TERMS OF COMMERCIAL SUPPLY AGREEMENT         

    If Amgen requests Bioject to prepare for commercial manufacturing and supply of Products for treatment of one or more indications in the Licensed Field
pursuant to Section 7.1 of the Agreement, Amgen and Bioject shall enter into a Commercial Supply Agreement, along with certain other agreements set forth herein, containing the following terms
and conditions, and otherwise in form and substance acceptable to Amgen: 

    *

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    Exclusive Supply:  Bioject shall be the exclusive supplier of Iject Products to Amgen in the Licensed Field for the term
of the Commercial Supply Agreement, provided that Amgen shall retain the right to manufacture the Iject Products or to sublicense another supplier or suppliers in the event that: Bioject fails to
materially fulfill its supply obligations, or fails to provide Iject Products in accordance with all material specifications, under the Commercial Supply Agreement, and such failure is not cured
within a mutually agreed upon period of time after notice thereof; or Bioject develops or supplies Iject Products to any third party in breach of the exclusivity obligations of the Agreement or the
Commercial Supply Agreement. 

    Supply Terms:  For the first * of commercial production, Amgen shall purchase Iject Products from Bioject (1 unit equals
2 complete component pieces, consisting of a Injector Body and cartridge, ready for final filling and assembly at Amgen) according to the following terms: 

    *

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    Unit
costs reflect costs for total units purchased annually by Amgen, regardless of the Amgen Compound used or indication targeted. Unit costs shall be based upon the aggregate number
of units of all Iject Products across all indications which are produced by Bioject for Amgen. Unit costs are based upon single-use units, and not multiple-use units. 

    During
the first * of commercial production, in the event Bioject can establish that the unit costs described above do not allow Bioject to maintain a * gross profit margin on the
sale of the Iject Products to Amgen, as evidenced by Bioject's written records, Amgen shall agree to increase the unit cost paid by Amgen to a price which would allow Bioject to maintain such a gross
profit margin. If thereafter the gross profit margin exceeds *, the unit costs would be restored to their original levels so long as Bioject maintains at least a * gross profit margin. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    After
* of commercial production of the Iject Products by Bioject on behalf of Amgen, Bioject shall make known to Amgen all information concerning actual manufacturing costs for the
Iject Products. Amgen and Bioject shall then agree on pricing, provided that at such time and at all times in the future there shall be a cap which limits Bioject's gross profit margin to no more than
*. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

17

    All
costs shall be in accordance with generally accepted accounting principles, consistently applied. Amgen, its Affiliates, employees and representatives (including third parties)
shall have the right to audit Bioject's records for purposes of verifying Bioject's costs and gross profit margin. 

    Amgen
shall have a right of offset against amounts payable to Bioject under the Commercial Supply Agreement in the event of Bioject's failure to make any payment to Amgen when due. 

    Bioject
shall not be entitled to payment of any license fees, royalties or any other payments from Amgen other than the payments for Iject Products described herein. 

    Purchase Requirement:  Following FDA approval of the first Iject Product, Amgen shall agree to a reasonable minimum
annual purchase requirement, to be determined in good faith, to maintain its license under the Commercial Supply Agreement. In the event that Amgen elects not to purchase the minimum units annually,
Amgen shall, at its election, *. 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

    Representations, Warranties, Covenants and Agreements:  The Commercial Supply Agreement shall contain substantially the
same representations, warranties, covenants and agreements of Bioject and Amgen as are set forth in the Agreement, along with such other commercially reasonable representations, warranties, covenants
and agreements with respect to the subject matter thereof; provided, however, that provisions in the Agreement relating to legal title and risk of loss
shall not apply to the Commercial Supply Agreement without the prior written agreement of both Parties. 

18

  EXHIBIT B
  COMPONENTS AND COMPONENT SPECIFICATIONS         

* 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

19

  EXHIBIT C
  DELIVERABLES         

*

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

20

  EXHIBIT D
  DEVICE SPECIFICATIONS         

* 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

21

  EXHIBIT E
  AMGEN DESIGNS         

* 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

22

  EXHIBIT F
  LICENSED PATENTS         

	Title
 
	 	Serial No.
	 	Filing Date
	 	Patent No.
	 	Issue Date
	 	Status

	Method for Manufacturing an Ampule	 	07/880,249	 	05/08/92	 	5,312,577	 	05/17/94	 	Granted
	 

Needle-Less Hypodermic Injection Device	 
 	 

07/714,892	 
 	 

06/13/91	 
 	 

5,312,335	 
 	 

05/17/94	 
 	 

Granted
	 

Needle-Less Hypodermic Injection Methods and Device	 
 	 

08/097,266	 
 	 

07/23/93	 
 	 

5,399,163	 
 	 

03/21/95	 
 	 

Granted
	 

*	 
 	 

 	 
 	 

 	 
 	 

 	 
 	 

 	 
 	 

 
	 

*	 
 	 

 	 
 	 

 	 
 	 

 	 
 	 

 	 
 	 

 
	 

*	 
 	 

 	 
 	 

 	 
 	 

 	 
 	 

 	 
 	 

 
	 

 	 
 	 

 	 
 	 

 	 
 	 

 	 
 	 

 	 
 	 

 

	*
	This
material has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission. 

23

QuickLinks

ARTICLE ONE DEFINITIONS

ARTICLE TWO REPRESENTATIONS, WARRANTIES AND COVENANTS

ARTICLE THREE LICENSE

ARTICLE FOUR DEVELOPMENT AND DELIVERY OF PROTOTYPE DEVICES

ARTICLE FIVE PAYMENTS

ARTICLE SIX INTELLECTUAL PROPERTY; PATENTS

ARTICLE SEVEN COMMERCIAL DEVELOPMENT; REGULATORY MATTERS

ARTICLE EIGHT INDEMNIFICATION AND INSURANCE

ARTICLE NINE CONFIDENTIAL INFORMATION

ARTICLE TEN TERM AND TERMINATION

ARTICLE ELEVEN MISCELLANEOUS

EXHIBIT A TERMS OF COMMERCIAL SUPPLY AGREEMENT

EXHIBIT B COMPONENTS AND COMPONENT SPECIFICATIONS

EXHIBIT C DELIVERABLES

EXHIBIT D DEVICE SPECIFICATIONS

EXHIBIT E AMGEN DESIGNS

EXHIBIT F LICENSED PATENTSPrepared by MERRILL CORPORATION www.edgaradvantage.com

EXHIBIT 10.36  

THIS
WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE LAWS, AND NO INTEREST THEREIN MAY BE SOLD,
DISTRIBUTED, ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION
OR SUCH TRANSACTION IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND LAWS, SUCH COMPLIANCE, AT THE OPTION OF THE CORPORATION, TO BE EVIDENCED BY AN OPINION OF WARRANTHOLDER'S COUNSEL, IN
FORM ACCEPTABLE TO THE CORPORATION, THAT NO VIOLATION OF SUCH REGISTRATION PROVISIONS WOULD RESULT FROM ANY PROPOSED TRANSFER OR ASSIGNMENT. 

SERIES "R" COMMON STOCK PURCHASE WARRANT

Bioject Medical Technologies Inc.  

    THIS CERTIFIES that for good and valuable consideration received, Frederick R. Pierce, II, or registered assigns, is entitled, upon the terms and
subject to the conditions hereinafter set forth, to acquire from Bioject Medical Technologies Inc., an Oregon corporation (the "Corporation") up to 4,000 fully paid and nonassessable shares of
common stock, without par value, of the Corporation ("Warrant Stock") at a purchase price per share (the "Exercise Price") of $2.80. 

1.  Term of Warrant  

    Subject to the terms and conditions set forth herein, this Warrant shall be exercisable, in whole or from time to time part, at any time on or after the date
hereof and at or prior to 11:59 p.m., Pacific Standard Time, on November 30, 2004 (the "Expiration Time"). 

2.  Exercise of Warrant  

    The purchase rights represented by this Warrant are exercisable by the registered holder hereof, in whole or in part, at any time and from time to time at or
prior to the Expiration Time by the surrender of this Warrant and the Notice of Exercise form attached hereto duly executed to the office of the Corporation at 7620 S.W. Bridgeport Road, Portland,
Oregon 97224 (or such other office or agency of the Corporation as it may designate by notice in writing to the registered holder hereof at the address of such holder appearing on the books of the
Corporation), and upon payment of the Exercise Price for the shares thereby purchased (by cash or by check or bank draft payable to the order of the Corporation or by cancellation of indebtedness of
the Corporation to the holder hereof, if any, at the time of exercise in an amount equal to the purchase price of the shares thereby purchased); whereupon the holder of this Warrant shall be entitled
to receive from the Corporation a stock certificate in proper form representing the number of shares of Warrant Stock so purchased. 

3.  Issuance of Shares; No Fractional Shares of Scrip  

    Certificates for shares purchased hereunder shall be delivered to the holder hereof by the Corporation's transfer agent at the Corporation's expense within a
reasonable time after the date on which this Warrant shall have been exercised in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be requested by
the holder hereof and shall be registered in the name of such holder or, subject to applicable laws, other name as shall be requested by such holder. If, upon exercise of this Warrant, fewer than all
of the shares of Warrant Stock evidenced by this Warrant are purchased prior to the Expiration Time, one or more new warrants substantially in the form of, and on the terms in, this Warrant will be
issued for the remaining number of shares of Warrant Stock not purchased 

1

upon exercise of this Warrant. The Corporation hereby represents and warrants that all shares of Warrant Stock which may be issued upon the exercise of this Warrant will, upon such exercise, be duly
and validly authorized and issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issuance thereof (other than liens or charges created by or imposed upon
the holder of the Warrant Stock). The Corporation agrees that the shares so issued shall be and be deemed to be issued to such holder as the record owner of such shares as of the close of business on
the date on which this Warrant shall have been surrendered for exercise in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the
exercise of this Warrant. With respect to any fraction of a share called for upon the exercise of this Warrant, an
amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be paid in cash to the holder of this Warrant. 

4.  Charges, Taxes and Expenses  

    Issuance of certificates for shares of Warrant Stock upon the exercise of this Warrant shall be made without charge to the holder hereof for any issue or
transfer tax or other incidental expense in respect of the issuance of such certificate, all of which taxes and expenses shall be paid by the Corporation, and such certificates shall be issued in the
name of the holder of this Warrant or in such name or names as may be directed by the holder of this Warrant; provided, however, that in the event
certificates for shares of Warrant Stock are to be issued in a name other than the name of the holder of this Warrant, this Warrant when surrendered for exercise shall be accompanied by the Assignment
Form attached hereto duly executed by the holder hereof. 

5.  No Rights as Shareholders  

    This Warrant does not entitle the holder hereof to any voting rights or other rights as a shareholder of the Corporation prior to the exercise hereof. 

6.  Registration Rights  

    This Warrant is a Series "R" Warrant identified in the Registration Rights Agreement dated as of December 1, 1999 between the Corporation and the
parties listed on the signature pages thereto. A transferee of this Warrant may become a "Holder" as defined in such agreement upon compliance with the requirements of such agreement. 

7.  Exchange and Registry of Warrant  

    This Warrant is exchangeable, upon the surrender hereof by the registered holder at the above-mentioned office or agency of the Corporation, for a new Warrant
of like tenor and dated as of such exchange. The Corporation shall maintain at the above-mentioned office or agency a registry showing
the name and address of the registered holder of this Warrant. This Warrant may be surrendered for exchange, transfer or exercise, in accordance with its terms, at such office or agency of the
Corporation, and the Corporation shall be entitled to rely in all respects, prior to written notice to the contrary, upon such registry. 

8.  Loss, Theft, Destruction or Mutilation of Warrant  

    Upon receipt by the Corporation of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and in case of loss,
theft or destruction of indemnity or security reasonably satisfactory to it, and upon reimbursement to the Corporation of all reasonable expenses incidental thereto, and upon surrender and
cancellation of this Warrant, if mutilated, the Corporation will make and deliver a new Warrant of like tenor and dated as of such cancellation, in lieu of this Warrant. 

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9.  Saturdays, Sundays and Holidays  

    If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall be a Saturday or a Sunday or shall be
a legal holiday, then such action may be taken or such right may be exercised on the next succeeding day not a Saturday, Sunday or legal holiday. 

10. Merger, Sale of Assets, Etc.  

    If at any time the Corporation proposes to merge or consolidate with or into any other corporation, effect any reorganization, or sell or convey all or
substantially all of its assets to any other entity, then, as a condition of such reorganization, consolidation, merger, sale or conveyance, the Corporation or its successor, as the case may be, shall
enter into a supplemental agreement to make lawful and adequate provision whereby the holder shall have the right to receive, upon exercise of the Warrant, the kind and amount of equity securities
which would have been received upon such reorganization, consolidation, merger, sale or conveyance by a holder of a number of shares of common stock equal to the number of shares issuable upon
exercise of the Warrant immediately prior to such reorganization, consolidation, merger, sale or conveyance. If the property to be received upon such reorganization, consolidation, merger, sale or
conveyance is not equity securities, the Corporation shall give the holder of this
Warrant ten (10) business days prior written notice of the proposed effective date of such transaction, and if this Warrant has not been exercised by or on the effective date of such
transaction, it shall terminate. 

11. Subdivision, Combination, Reclassification, Conversion, Etc.  

    If the Corporation at any time shall, by subdivision, combination, reclassification of securities or otherwise, change the Warrant Stock into the same or a
different number of securities of any class or classes, this Warrant shall thereafter entitle the holder to acquire such number and kind of securities as would have been issuable in respect of the
Warrant Stock (or other securities which were subject to the purchase rights under this Warrant immediately prior to such subdivision, combination, reclassification or other change) as the result of
such change if this Warrant had been exercised in full for cash immediately prior to such change. The Exercise Price hereunder shall be adjusted if and to the extent necessary to reflect such change.
If the Warrant Stock or other securities issuable upon exercise hereof are subdivided or combined into a greater or smaller number of shares of such security, the number of shares issuable hereunder
shall be proportionately increased or decreased, as the case may be, and the Exercise Price shall be proportionately reduced or increased, as the case may be, in both cases according to the ratio
which the total number of shares of such security to be outstanding immediately after such even bears to the total number of shares of such security outstanding immediately prior to such event. The
Corporation shall give the holder prompt written notice of any change in the type of securities issuable hereunder, any adjustment of the Exercise Price for the securities issuable hereunder, and any
increase or decrease in the number of shares issuable hereunder. 

12. Transferability; Compliance with Securities Laws  

    (a) This
Warrant may not be transferred or assigned in whole or in part without compliance with all applicable federal and state securities laws by the transferor and
transferee (including the delivery of investment representation letters and legal opinions reasonably satisfactory to the Corporation, if requested by the Corporation). Subject such restrictions,
prior to the Expiration Time, this Warrant and all rights hereunder are transferable by the holder hereof, in whole or in part, at the office or agency of the Corporation referred to in Section 1
hereof. Any such transfer shall be made in person or by the holder's duly authorized attorney, upon surrender of this Warrant together with the Assignment Form attached hereto properly endorsed. 

    (b) The
Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant and the Warrant Stock issuable upon exercise hereof are being acquired solely for
the holder's own account and 

3

not as a nominee for any other party, and for investment, and that the holder will not offer, sell or otherwise dispose of this Warrant or any shares of Warrant Stock to be issued upon exercise hereof
except under circumstances that will not result in a violation of the Securities Act of 1933, as amended, or any state securities laws. Upon exercise of this Warrant, the holder shall, if requested by
the Corporation, confirm in writing, in a form satisfactory to the Corporation, that the shares of Warrant Stock so purchased are being acquired solely for holder's own account and not as a nominee
for any other party, for investment, and not with a view toward distribution or resale. 

    (c) The
Warrant Stock has not been and will not be registered under the Securities Act of 1933, as amended, and this Warrant may not be exercised except by
(i) the original purchaser of this Warrant from the Corporation or (ii) an "accredited investor" as defined in Rule 501(a) under the Securities Act of 1933, as amended.
Each certificate representing the Warrant Stock or other securities issued in respect of the Warrant Stock upon any stock split, stock dividend, recapitalization, merger, consolidation or similar
event, shall be stamped or otherwise imprinted with a legend substantially in the following form (in addition to any legend required under applicable securities laws): 

    THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER UNITED STATES FEDERAL OR STATE SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED OR
ASSIGNED FOR VALUE, DIRECTLY OR INDIRECTLY, NOR MAY THE SECURITIES BE TRANSFERRED ON THE BOOKS OF THE CORPORATION, WITHOUT REGISTRATION OF SUCH SECURITIES UNDER ALL APPLICABLE UNITED STATES FEDERAL OR
STATE SECURITIES LAWS OR COMPLIANCE WITH AN APPLICABLE EXEMPTION THEREFROM, SUCH COMPLIANCE, AT THE OPTION OF THE CORPORATION, TO BE EVIDENCED BY AN OPINION OF SHAREHOLDER'S COUNSEL, IN FORM
ACCEPTABLE TO THE CORPORATION, THAT NO VIOLATION OF SUCH REGISTRATION PROVISIONS WOULD RESULT FROM ANY PROPOSED TRANSFER OR ASSIGNMENT. 

13. Representations and Warranties  

    The Corporation hereby represents and warrants to the holder hereof that: 

    (a) during
the period this Warrant is outstanding, the Corporation will reserve from its authorized and unissued common stock a sufficient number of shares to provide
for the issuance of Warrant Stock upon the exercise of this Warrant; 

    (b) the
issuance of this Warrant shall constitute full authority to the Corporation's officers who are charged with the duty of executing stock certificates to execute
and issue the necessary certificates for the shares of Warrant Stock issuable upon exercise of this Warrant; 

    (c) the
Corporation has all requisite legal and corporate power to execute and deliver this Warrant, to sell and issue the Warrant Stock hereunder, to issue the common
stock issuable upon exercise of the Warrant Stock and to carry out and perform its obligations under the terms of this Warrant; 

    (d) all
corporate action on the part of the Corporation, its directors and shareholders necessary for the authorization, execution, delivery and performance of this
Warrant by the Corporation, the authorization, sale, issuance and delivery of the Warrant Stock, the grant of registration rights as provided herein and the performance of the Corporation's
obligations hereunder has been taken; 

    (e) the
Warrant Stock, when issued in compliance with the provisions of this Warrant and the Corporation's Articles of Incorporation (as they may be amended from time
to time (the "Articles")), will be validly issued, fully paid and nonassessable, and free of all taxes, liens or encumbrances with respect to the issue thereof, and will be issued in compliance with
all applicable federal and state securities laws; and 

    (f)  the
issuance of the Warrant Stock will not be subject to any preemptive rights, rights of first refusal or similar rights. 

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14. Corporation  

    The Corporation will not, by amendment of its Articles or through any reorganization, recapitalization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities or any other action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Corporation, but will at all
times in good faith assist in the carrying out of all the provisions of this Warrant and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the
holder of the Warrant against impairment. 

15. Governing Law  

    This Warrant shall be governed by and construed in accordance with the laws of the State of Oregon. 

    IN
WITNESS WHEREOF, the Corporation has caused this Warrant to be executed by its duly authorized officers. 

Dated:
December 2, 1999 

	BIOJECT MEDICAL TECHNOLOGIES INC.	 	 
	 

By:	 

 	 
 	 

 
	 	
	 	 
	Name: Christine M. Farrell

Title: Controller & Secretary	 	 

5

NOTICE OF EXERCISE  

To:  Bioject
Medical Technologies Inc. 

    (1) The
undersigned hereby elects to purchase        shares of common stock of Bioject Medical Technologies Inc. pursuant to the terms of the attached
Warrant, and tenders herewith payment of the purchase price in full, together with all applicable transfer taxes, if any. 

    (2) In
exercising this Warrant, the undersigned hereby confirms and acknowledges that the shares of common stock to be issued upon exercise hereof are being acquired
solely for the account of the undersigned and not as a nominee for any other party, and for investment, and that the undersigned will not offer, sell or otherwise dispose of any such shares of common
stock except under circumstances that will not result in a violation of the Securities Act of 1933, as amended, or any state securities laws. 

    (3) Please
issue a certificate or certificates representing said shares of common stock in the name of the undersigned or in such other name as is specified below: 

	 	 	
 (Name)	 	 
	 

 	 
 	 

 (Address)	 
 	 

 
	 

 

 	 
 
 	 

 

 	 
 
 	 

 

 

    (3) The
undersigned represents that (a) he, she or it is the original purchaser from the Corporation of the attached Warrant or an "accredited investor" within
the meaning of Rule 501(a) under the Securities Act of 1933, as amended and (b) the aforesaid shares of common stock are being acquired for the account of the undersigned for
investment and not with a view to, or for resale in connection with, the distribution thereof and that the undersigned has no present intention of distributing or reselling such shares. 

	
 (Date)	 	
 (Signature)

6

ASSIGNMENT FORM  

(To
assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.) 

    FOR
VALUE RECEIVED, the undersigned registered owner of this Warrant hereby sells, assigns and transfers unto the Assignee named below all of the rights of the undersigned under the
within Warrant, with respect to the number of shares of common stock of Bioject Medical Technologies Inc. set forth below: 

	Name of Assignee
 
	 	Address
 
	 	No. of Shares
 

	 
  	 
 	 

 	 
 	 

 
	 	 	 	 	 

and
does hereby irrevocably constitute and appoint Attorney                        to make such transfer on the books of Bioject
Medical Technologies Inc., maintained for the purpose, with full power of
substitution in the premises. 

    The
undersigned also represents that, by assignment hereof, the Assignee acknowledges that this Warrant and the shares of stock to be issued upon exercise hereof are being acquired
for investment and that the Assignee will not offer, sell or otherwise dispose of this Warrant or any shares of stock to be issued upon exercise hereof except under circumstances which will not result
in a violation of the Securities Act of 1933, as amended, or any state securities laws. Further, the Assignee shall, if requested by the Corporation, confirm in writing, in a form satisfactory to the
Corporation, that the shares of stock so purchased are being acquired for investment and not with a view toward distribution or resale. 

	 

 	 
 	 

Dated:	 

 
	 	 	 	

	 

 	 
 	 

Holder's Signature:	 

 
	 	 	 	

	 

 	 
 	 

Holder's Address:	 

 
	 

 

 	 
 
 	 

 

	 

 

 	 
 
 	 

 

	 

 

 	 
 
 	 

 

 	 

 

 

Guaranteed
Signature: 

NOTE:  The
signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatever, and must
be guaranteed by a bank or trust company. Officers of corporations and those action in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing
Warrant. 

7

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