Document:

exv10w41

 

			
	Execution Copy
	 	Exhibit 10.41

***Text Omitted and Filed Separately

Confidential Treatment Requested

Under 17 C.F.R. §§ 200.80(b)(4) and 240.24b-2

Second Amendment to Collaboration and License Agreement

This
Second Amendment to Collaboration and License Agreement (the “Amendment”) is entered into on
October 19, 2007 (the “Amendment Effective Date”) between Micromet AG, with its principal
place of business at Staffelseestrasse 2, 81477, Munich, Germany
(“Micromet”), and Merck Serono
International SA, with its principal place of business at 9 Chemin des mines, 1211 Geneva,
Switzerland (“Merck Serono”). Micromet and Merck Serono each may be referred to herein
individually as a “Party,” or collectively as the “Parties.”

Recitals

     Whereas, Micromet and Merck Serono have entered into a certain Collaboration and
License Agreement dated as of December 3, 2004, with respect to the development and
commercialization by Merck Serono of Micromet’s proprietary pharmaceutical product comprising a
human antibody of IgG-1 subtype binding to EpCAM (the “Agreement”);

     Whereas, Micromet and Merck Serono have entered into a certain First Amendment of the
Agreement dated as of November 24, 2006 (the “First Amendment”);

     Whereas, Micromet and Merck Serono desire to further amend the Agreement as amended
by the First Amendment to reflect a re-allocation of certain development activities between the
Parties;

     Now Therefore, in consideration of the foregoing premises and mutual promises,
covenants and conditions contained in this Amendment, the Parties agree as follows:

Agreement

1. All capitalized terms not defined herein will refer to terms defined in Section 1 of the
Agreement.

2. Amendment to Definitions. The Parties agree to amend Section 1 of the Agreement, as amended by
the First Amendment, by deleting Sections 1.79 and 1.80 and replace them with the following
definitions:

     “1.79
”Additional Clinical Study” has the meaning set forth in Section 3.1.1.

     1.80
“Micromet Program Study Report” has the meaning set forth in Section 3.1.2.”

3. Amendment to Governance Provisions.

 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to
Rule 24B-2 of the Securities Exchange Act of 1934, as amended.

 

 

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     3.1 Section 2.1.2. The Parties agree to amend Section 2.1.2 of the Agreement in part as
follows:

          “2.1.2 Tasks of the Steering Committee. During the Micromet Program, the Steering
Committee will monitor the progress of the development of the Product. During the Merck
Serono Program, the Steering Committee will: (a) determine Indications to be pursued in the
development of the Product; (b) [deleted]; (c) . . .” [remainder of Section 2.1.2 remains
unchanged]

     3.2 Section 2.1.3. The Parties agree to amend the first sentence of Section 2.1.3 of the
Agreement, as amended by the First Amendment, as follows:

          “2.1.3 Steering Committee Meetings. During the Micromet Program, the Steering
Committee will meet as may be requested from time to time by Merck Serono at mutually
suitable dates and times, but not more than once every calendar quarter; thereafter the
Steering Committee will meet not less than semi-annually.” [Remainder of Section 2.1.3
unchanged]

     3.3 Section 2.1.5. The Parties agree to amend Section 2.1.5 of the Agreement to read in full
as follows:

          “2.1.5 Decision Making.

               (a) During the Micromet Program, Micromet will have the sole and exclusive right to
make all decisions with respect to the development of the Product.

               (b) (i) During the Merck Serono Program, unless expressly otherwise set forth in this
Agreement, the Steering Committee will take action by unanimous consent of the Parties, with
each Party having a single vote, irrespective of the number of representatives actually in
attendance at a meeting, or by a written resolution signed by the designated representatives
of each of the Parties.

                    (ii) If the Steering Committee is unable to reach unanimous consent on a particular
matter within thirty (30) days of a formal vote requested by either Party on such matter,
then either Party may provide written notice of such dispute to the Chief Executive Officer
of the other Party; provided, however, that no such referral to the Chief Executive Officers
will occur, and [ * ] will have the casting vote, with respect to matters relating to the [
* ].

                    (iii) The Chief Executive Officers (or their respective designees, who will not be
members of the Steering Committee or Project Team) of each of the Parties will meet at least
once in person to discuss the dispute and use their good faith efforts to resolve the
dispute within [ * ] after submission of such dispute to such officers.

                    (iv) If any such dispute is not resolved by the Chief Executive Officers or their
designees within [ * ] after submission of such dispute to such

 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to
Rule 24B-2 of the Securities Exchange Act of 1934, as amended.

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officers, then the Chief Executive Officer of [ * ] will have the authority to finally
resolve such dispute (reasonably taking into consideration the position of [ * ]).”

     3.4 Amendments relating to Project Team. The Project Team will be suspended for the duration
of the Micromet Program, and consequently, the provisions pertaining to the activities of the
Project Team, including without limitation Section 2.2 and 3.6 will be of no force and effect, and
neither Party will have any obligations thereunder, until the completion of the Micromet Program.

4. Amendment to Provisions relating to Micromet Program.

     4.1 The Parties agree to amend and restate in its entirety Section 3.1 of the Agreement, as
amended by the First Amendment, to read in full as follows:

          “3.1 Micromet Program.

               3.1.1 Subject to the terms and conditions of this Agreement, Micromet will develop the
Product, and will, during the Micromet Program, have all decision making power and
operational responsibility for the development of the Product, including the completion of
the Phase I clinical trial designed to demonstrate the safety of a combination of the
Product with docetaxel (the “Combination Study”), and the performance of a Phase I clinical
trial (identified as MT201-103) or such other clinical trial as Micromet may determine to be
appropriate for the successful development of the Product (the “Additional Clinical Study”)
(collectively, the “Micromet Program”). Micromet will prepare a plan (as may be amended by
Micromet from time to time during the Micromet Program), which plan will include the
development timelines and a budget of Development Expenses to be incurred pursuant to the
Micromet Program (the “Micromet Program Plan”). Micromet will provide Merck Serono with a
copy of the Micromet Program Plan and any amendments or updates thereto, for Merck Serono’s
informational purposes only.

               3.1.2 Promptly following the completion of the Micromet Program, Micromet will prepare
a study report for the Combination Study and the Additional Clinical Study (each, a
“Micromet Program Study Report”) and deliver such reports to Merck Serono. The Micromet
Program will end upon delivery of the Micromet Program Study Report for both the Combination
Study and the Additional Clinical Study. Upon Merck Serono’s request, Micromet will provide
Merck Serono with any information or data relating to the Micromet Program reasonably
requested by Merck Serono, and will answer any questions Merck Serono may have regarding the
Micromet Program Study Reports or the Micromet Program.”

     4.2 The Parties agree to amend in part the first sentence of Section 3.3.1, as amended in the
First Amendment, as follows:

               “3.3.1 Scope. Promptly following receipt of the first draft of the Micromet Program
Study Report for both the Combination Study and the Additional Clinical Study, the Steering
Committee will begin . . .”

 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to
Rule 24B-2 of the Securities Exchange Act of 1934, as amended.

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     4.3 The Parties agree to amend Section 3.2.1 by deleting the last sentence thereof.

     4.4 The Parties agree to amend in part the first sentence of Section 3.3.2(b), as amended in
the First Amendment, as follows:

                    “(b) Within [ * ] after receipt by Serono of the Micromet Program Study Report for both
the Combination Study and the Additional Clinical Study, the Project Team will . . .”

     4.5 Amendment to Section 3.5.1. The Parties agree to amend and restate in its entirety
Section 3.5.1 of the Agreement, as amended in the First Amendment, as follows:

               “3.5.1 Obligation. Merck Serono will bear all Development Expenses incurred by either
Party; provided, however, that Merck Serono will not be required to reimburse to Micromet
any Development Expenses in excess of €[ * ] incurred by Micromet during the Micromet
Program following the Amendment Effective Date; provided, further, that Micromet will be
solely and fully responsible for [ * ] during the Micromet Program following the Amendment
Effective Date [ * ]. If (a) Micromet has [ * ] during the Micromet Program following the
Amendment Effective Date [ * ] and (b) Merck Serono has not terminated this Agreement
pursuant to the first sentence of Section 11.3, Merck Serono will [ * ] days following
receipt by Merck Serono of the Micromet Program Study Report for both the Combination Study
and the Additional Clinical Study. During the Co-Promotion Period, the allocation of
Development Expenses incurred by the Parties for the Merck Serono Program will be as set
forth in Section 5.3.”

     4.6 Amendment to Section 3.7.2. The Parties agree to amend in part the first sentence of
Section 3.7.2 as follows:

     “3.7.2 Assignment of BI Process Development Agreement and BI Process License Agreement.
Promptly following the start of the Merck Serono Program, Micromet will use diligent efforts
.. . .”

     4.7 Suspension of Obligations under Section 3.8. The Parties agree that Micromet’s obligation
to confer with Merck Serono regarding responses to regulatory communications under Section 3.8 is
suspended and of no force and effect during the Micromet Program.

     4.8 Amendment to Section 3.9. The Parties agree to amend and restate in its entirety Section
3.9 of the Agreement, as follows:

     “3.9 Clinical Trial Materials. Any Clinical Trial Materials in the possession or under
the control of Merck Serono as of the Amendment Effective Date will be transferred to
Micromet (based on EXW (Incoterms 2000) delivery terms) for use in the Micromet Program.
Micromet will be responsible for purchasing any additional Clinical Trial Materials from BI
pursuant to the BI Process Development Agreement that are
required to conduct the clinical trials in the Micromet Program. Merck Serono will be
responsible for manufacturing or purchasing all Clinical Trial Materials required to

 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to
Rule 24B-2 of the Securities Exchange Act of 1934, as amended.

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conduct the Merck Serono Program. The costs of manufacturing or purchasing Clinical Trial
Materials for the conduct of the Merck Serono Program will be Development Expenses.”

5. Amendment to Section 10.3 and 10.4. The Parties agree to amend and restate, in its entirety,
Section 10.3 and 10.4 of the Agreement, as follows:

     “10.3 Press Releases. All press releases, whether joint or unilateral, will require
the approval of both Parties, provided, however, that with respect to unilateral press
releases, such approval will not be unreasonably withheld or delayed. With respect to
unilateral press releases each Party will submit to the other Party a draft of any public
announcement (“Proposed Disclosure”) for review and comment at least [ * ] prior to the date
on which such Party plans to make such announcement,. If a Party is unable to comply with
the foregoing [ * ] notice requirement because of a legal obligation or stock or securities
exchange requirement to make more rapid disclosure, such Party will not be in breach of this
Agreement but will in that case give telephone notice to a senior executive of the other
Party and provide a draft of the Proposed Disclosure with as much notice as possible prior
to the release of such announcement.

     10.4 Publications. Prior to the start of the Merck Serono Program, at least [ * ]
prior to submission of any material for publication or presentation related to the
Development Activities, Micromet will provide to Merck Serono a draft of such material for
its review and approval, provided that such approval will not be unreasonably withheld or
delayed. After the start of the Merck Serono Program, at least [ * ] prior to submission .
.. .” [remainder of Section 10.4 remains unchanged]

6. Amendment to Section 11.3. The Parties agree to amend and restate, in its entirety, Section
11.3 of the Agreement, as amended in the First Amendment, as follows:

     “11.3 Termination at Will. Merck Serono may terminate this Agreement it its entirety,
for any reason or no reason, by written notice to Micromet within [ * ] following receipt by
Merck Serono of the Micromet Program Study Report for both the Combination Study and the
Additional Clinical Study. Thereafter, Merck Serono may terminate this Agreement it its
entirety, for any reason or no reason, upon [ * ] prior written notice to Micromet.”

7. References to Serono. All references in the Agreement to “Serono” will be changed to “Merck
Serono.”

8. Counterparts. This Amendment may be executed in two or more counterparts, each of which will be
deemed an original, but all of which together will constitute one and the same instrument.

9. Effectiveness. This Amendment will become effective upon the execution hereof by both Parties.

 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to
Rule 24B-2 of the Securities Exchange Act of 1934, as amended.

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10. Continuing Effect. Other than as set forth in this Amendment, all of the terms and conditions
of the Agreement will continue in full force and effect.

[Space intentionally omitted]

 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to
Rule 24B-2 of the Securities Exchange Act of 1934, as amended.

6

 

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In Witness Whereof, the Parties have executed this Amendment in duplicate originals by
their duly authorized officers as of the Amendment Effective Date.

	 	 	 	 	 	 	 	 	 
	Merck Serono International S.A.	 	 	 	Micromet AG
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Vincent Aurentz
	 	 	 	By:
	 	/s/ Jens Hennecke
	Name:

	 	Vincent E. Aurentz
	 	 	 	Name:
	 	Jens Hennecke
	Title:

	 	Authorized Representative
	 	 	 	Title:
	 	VP Business Development
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Francois Naef
	 	 	 	By:
	 	/s/ Carsten Reinhardt
	Name:

	 	Francois Naef
	 	 	 	Name:
	 	Carsten Reinhardt
	Title:

	 	Authorized Representative
	 	 	 	Title:
	 	SVP Clinical Development

[Signature Page of Second Amendment to Collaboration and License Agreement]

 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to
Rule 24B-2 of the Securities Exchange Act of 1934, as amended.

7exv10w13

 

Exhibit 10.13

VOCUS, INC.

COMPENSATION POLICY FOR NON-EMPLOYEE DIRECTORS

Effective as of January 1, 2008, the compensation payable to the non-employee members of the board
of directors of Vocus, Inc. shall be as follows:

Annual Retainer

	 	•	 	An annual retainer of $40,000. The retainer for service as a director includes meeting
fees, service on one committee and informal meetings with the CEO and management as
necessary.
	 
	 	•	 	The chairperson of the audit committee and the lead director/chairperson of the
compensation committee shall receive an additional retainer of $10,000.
	 
	 	•	 	The annual retainer payable to directors shall be paid in restricted stock or cash.
Each director will communicate his/her preference before January 31. Cash payments will
be paid within a reasonable number of days after the end of the rolling quarter (i.e.
4/30, 7/31, 10/31 and 1/31) with 25% of the total retainer paid each quarterly.
Restricted stock will be granted on January 31 and 25% of the shares vest on the last day
of each rolling quarter of the service year.

Stock Based Compensation

	 	•	 	Each director shall receive a grant of options to purchase shares of the Company’s
common stock with the amount and vesting of such awards determined by the Compensation
Committee of the Board of Directors or the Board of Directors of the Company.
	 
	 	•	 	Each director shall receive a restricted stock award with the amount and vesting of
such awards determined by the Compensation Committee of the Board of Directors or the
Board of Directors of the Company.
	 
	 	•	 	The chairperson of the audit committee and the lead director/chairperson of the
compensation committee shall receive additional grants of stock options with the amount
and vesting of such awards determined by the Compensation Committee of the Board of
Directors or the Board of Directors of the Company.

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