Document:

exv10w2

 

Exhibit 10.2

***Confidential treatment has been requested for portions of this exhibit. The copy filed herewith
omits the information subject to the confidentiality request. Omissions are designated as [***]. A
complete version of this exhibit has been filed separately with the Securities and Exchange
Commission.

SUPPLY AGREEMENT

	 	 	 
	between
	 	Wacker Chemie AG
	 
	 	Hanns-Seidel-Platz 4
	 
	 	81737 Munich
	 
	 	Federal Republic of Germany
	 
	 	 
	 
	 	- hereinafter referred to as "WACKER" -
	 
	 	 
	and
	 	 
	 
	 	Evergreen Solar, Inc.
	 
	 	138 Bartlett Street
	 
	 	Marlboro, MA 01752
	 
	 	USA
	 
	 	 
	 
	 	- hereinafter referred to as “BUYER” -

Preamble

BUYER has requirements for polycrystalline Silicon. WACKER is willing to supply BUYER with
polycrystalline Silicon.

Now, therefore, in consideration of the foregoing and the mutual premises hereinafter contained,
WACKER and BUYER agree as follows:

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

2 

	1.	 	Product
	 
	 	 	WACKER agrees to sell and deliver and BUYER agrees to purchase and take the polycrystalline
Silicon manufactured by WACKER as defined per specification set forth in Appendix A
(hereinafter referred to as ,,PRODUCT“).
	 
	2.	 	Quantities
	 
	2.1	 	The BUYER shall make the agreed prepayment according to the payment schedule set forth in
Appendix A.
	 
	 	 	WACKER shall sell and deliver to BUYER and BUYER will purchase and take from WACKER the annual
quantities of PRODUCT set forth in Appendix A.
	 
	3.	 	Prices / Payment Terms
	 
	3.1	 	The prices for the PRODUCT are set forth in Appendix A .
	 
	3.2	 	The prices under Section 3.1 above shall be firm until 31.12.2018 and only subject to change,
if the relevant energy price index, defined in Appendix C, increases or decreases [***]. The agreed
prices will be adjusted by the rate (Euro/kg) as specified in the table in Appendix C.
	 
	3.3	 	WACKER shall invoice BUYER with each shipment of PRODUCT. BUYER shall pay such invoices net
within 30 (thirty) days from the date of such invoices.
	 
	4.	 	Delivery
	 
	4.1	 	PRODUCT shall be delivered FCA German Seaport (Incoterms 2000).
	 
	4.2	 	All deliveries of PRODUCT are subject to WACKER’s General Conditions of Sale set forth in
Appendix B and hereby made part of this Agreement, provided, however, that if there is any
conflict between the terms of this Agreement and the said Conditions of Sale the terms of this
Agreement shall prevail.
	 
	4.3	 	The agreed annual quantities for the years 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017 and
2018 will be shipped in about equal monthly instalments.
	 
	5.	 	Quality / Inspection and Testing
	 
	5.1	 	The PRODUCT supplied by WACKER shall conform to the specifications set forth in Appendix A.
	 
	5.2	 	It is understood and expressly agreed that the PRODUCT delivered by WACKER hereunder are
PRODUCTS of technical quality only and BUYER is exclusively responsible for fitness for
purpose, handling, use and application of the PRODUCT.

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

3 

	5.3	 	Upon receipt of each shipment of PRODUCT BUYER shall inspect the PRODUCT. Unless BUYER
notifies WACKER [***] after the arrival of the shipment at Buyer  ́s premises or warehouse, that
it does not conform to the quantity ordered or WACKER  ́s certificate of quality does not
conform to the specifications set forth in Appendix A, said shipment shall be deemed to have
been delivered as ordered and
WACKER  ́s certificate of quality shall be deemed to conform to the specifications.
	 
	6.	 	Warranty / Liability
	 
	6.1	 	WACKER warrants solely that the PRODUCT delivered shall conform to the specifications set
forth in Appendix A. Except for the warranty provided above, WACKER disclaims any and all
other express or implied warranties with respect to the PRODUCT, and any warranty of
merchantability or fitness for a particular purpose is expressly disclaimed.
	 
	6.2	 	BUYER’s exclusive remedy and WACKER’s sole obligation for any claim or cause of action
arising under this Agreement because of defective PRODUCT is expressly limited to either (i)
the replacement of non-conforming PRODUCT or the repayment of the purchase price of the
respective quantity of PRODUCT; OR (ii) [***]. Any remedy is subject to BUYER giving WACKER
notice as provided for in Section 5.3.
	 
	6.3	 	The parties agree that the remedies provided in this Agreement are adequate and that except
as provided for above, neither party shall be liable to the other, whether directly or by way
of indemnity or contribution for special, incidental, consequential or other damages arising
from the breach of any obligation hereunder or for any other reason whatsoever, including
actions for tort, strict or product liability, patent or trademark infringement except as
provided for herein.
	 
	7.	 	Confidentiality
	 
	7.1	 	BUYER may use all the information disclosed by WACKER under this Agreement only for the
purposes contemplated herein.
	 
	7.2	 	BUYER agrees to keep secret such information and to take the necessary measures to prevent
any disclosure to third parties.
	 
	7.3	 	BUYER is responsible for assuring that secrecy is maintained by its employees and agents.
	 
	7.4	 	The secrecy obligation does not apply to information

	 	–	 	where BUYER can prove that is was known to BUYER prior to its receipt;

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

4 

	 	–	 	which is or has become generally available to the public prior to its receipt;
	 
	 	–	 	which is or has become generally available to the public without being the result of a breach of this Agreement;
	 
	 	–	 	which is in accordance with information BUYER received or got access to from an entitled person without any obligation
of secrecy;
	 
	 	–	 	where WACKER approved the disclosure in a particular case in writing.

	7.5	 	The secrecy obligation shall survive the term of this Agreement.
	 
	8.	 	Security Interest
	 
	 	 	BUYER hereby grants WACKER a continuing security interest in any PRODUCT and in the proceeds
(including proceeds of sale or insurance) until the entire purchase price for the PRODUCT
currently or previously sold to BUYER is paid and until all late payment interest, legal fees
and expenses required to enforce WACKER’s rights and any costs, expenses, taxes or other
charges required to be paid by BUYER to WACKER have been paid in full. BUYER specifically
agrees that WACKER may file one or more financing statements or other documents and take all
necessary or appropriate in order to create, perfect, preserve or enforce WACKER’s security
interest in the PRODUCT pursuant to the Uniform Commercial Code and other applicable law, and
hereby grants to WACKER a power of attorney to execute such statements or documents in BUYER’s
name. WACKER’s reasonable costs and expenses (including, but not limited to, attorney’s fees
and expenses for pursuing, searching for, receiving, taking, keeping, storing, advertising and
selling the PRODUCT shall be paid by BUYER who shall remain liable for any deficiency resulting
from a sale of the PRODUCT and shall pay any deficiency forthwith on demand. The requirement of
reasonable notice of sale shall be met if such notice is mailed and addressed to BUYER at its
last address appearing on WACKER’s records at least 30 days prior to the date of sale.
	 
	9.	 	Force Majeure
	 
	9.1	 	If either party should be prevented or restricted directly or indirectly by an event of Force
Majeure as hereinafter defined from performing all or any of its obligations under this
Agreement, the party so affected will be relieved of performance of its obligations hereunder
during the period that such event and its consequences will continue, but only to the extent
so prevented, and will not be liable for any delay or failure in the performance or any of its
obligations hereunder or loss or damage whether direct, general, special or consequential
which the other party may suffer due to or resulting from such delay or failure, provided
always that prompt notice is given by the affected party to the unaffected party by facsimile
or telephone of the occurrence of the event constituting the Force Majeure, together with
details thereof and an estimate of the period of time for which it will continue.

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

5 

	9.2	 	The term Force Majeure shall include without limitation strike, labour dispute, lock out,
fire, explosion, flood, war (accident), act of god or any other cause beyond the reasonable
control of the affected party, whether similar or dissimilar to the causes enumerated above.
	 
	10.	 	Assignment
	 
	 	 	This Agreement or any part thereof is not assignable by either party without the prior written
consent of the other party.
	 
	11.	 	Entire Agreement
	 
	11.1	 	This Agreement constitutes the whole agreement between the parties as to the subject matter
thereof and no agreements, representations or warranties between the parties other than those
set out herein are binding on the parties.
	 
	11.2	 	No waiver, alteration, or modification of this Agreement shall be valid unless made in
writing and signed by authorized representatives of the parties.
	 
	12.	 	Severability
	 
	 	 	In the event, any provision of this Agreement shall be declared invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby.
	 
	13.	 	Headings
	 
	 	 	The headings of the articles of this Agreement are inserted for convenience only and shall not
be deemed to constitute a part of this Agreement or to affect the construction hereof.
	 
	14.	 	Duration / Termination
	 
	14.1	 	This Agreement will commence on the August 31, 2007 and will endure for a defined period of
11 (eleven) years and 4 (four) months.

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

6 

	15.	 	Applicable Law / Jurisdiction
	 
	 	 	This Agreement shall be construed and the legal relations between the parties hereto shall be
determined in accordance with the laws of Germany; the application of the 1980 United Nations
Convention on Contracts for the International Sale of Goods is expressly excluded.
	 
	 	 	Exclusive place of jurisdiction shall be Munich.

	 	 	 
	Wacker Chemie AG

	 	Evergreen Solar, Inc.
	WACKER POLYSILICON
	 	 
	 
	 	 
	Date: July 24, 2007

	 	Date: July 20, 2007
	 
	 	 
	/s/ Ewald Schindlbeck

	 	/s/ Michael El-Hillow
	Ewald Schindlbeck

	 	Michael El-Hillow
	President

	 	Chief Financial Officer
	 
	 	 
	/s/ Reimund Huber
	 	 
	Reimund Huber
	 	 
	Director Marketing & Sales
	 	 

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

7 

Appendix A

Solargrade Polysilicon

Specification PCL-NCS (B)

	 	 	 	 	 
	 	 	Annual quantity	 	Price Euro/kg
	Calendar year	 	in kg	 	ex works Burghausen
	2010

	 	[***]
	 	[***]
	2011

	 	[***]
	 	[***]
	2012

	 	[***]
	 	[***]
	2013

	 	[***]
	 	[***]
	2014

	 	[***]
	 	[***]
	2015

	 	[***]
	 	[***]
	2016

	 	[***]
	 	[***]
	2017

	 	[***]
	 	[***]
	2018

	 	[***]
	 	[***]

Prepayment schedule 

The BUYER will prepay the amount of [***] for the total above agreed contract quantity.

The invoices, regarding deliveries up to the annual agreed quantity, will be reduced by [***] with
each shipment. So WACKER  ́s invoice will state the above agreed prices on the invoice, but will make
note, that the BUYER has only to pay the invoice amount reduced by [***].

Regarding to the agreed annual quantities the total prepayment amount of Euro 8 985 600 (eight
million nine hundred eighty five thousand six hundred) has to be paid according to the following
schedule on the account of Wacker Chemie AG :

August 31, 2007 Euro 8 985 600 (eight million nine hundred eighty five thousand six hundred)

In case the BUYER does fail to take the full amount of the agreed annual quantity in one respective
calendar year, WACKER does not have to repay the not absorbed outstanding prepayment (regarding the
respective calendar year), BUYER also doesn  ́t have the right to set this prepayment against
deliveries of the following year.

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

8 

Appendix B

General Conditions of Sale

1. Generally:

All our supplies and services as well as our contracts concluded with us are exclusively subject to
the following terms and conditions of sale. Terms of the Purchaser which contradict or which
deviate from our sales terms and which are not expressly recognised by us are not valid even if we
do not expressly object to them. Where a continuing business relationship exists, all future
contracts, supplies and services are also subject to our conditions of sale.

2. Offer Conclusion of Contract:

Our offers are subject to change and non-binding. Orders are only valid if confirmed by using
writing or if recognised by us through the act of delivery. Any additional verbal agreements,
supplements and modifications are also only valid if confirmed in writing.

3. Delivery, Default:

3.1 Unless otherwise agreed, any dates quoted for delivery are non-binding.

3.2 We are entitled to make partial deliveries as far as the Purchaser must reasonably accept this
in the circumstances of an individual case. The corresponding invoices issued are payable without
regard to whether complete delivery has been made.

3.3 In the event delivery is delayed, the Purchaser may set us a reasonable grace period with the
notice that he rejects the acceptance of the delivery item after expiry of the grace period. After
the expiry of the grace period, the Purchaser is entitled to cancel the contract of sale through
written notice or to request damages instead of performance.

At our request the Purchaser is obligated to state within a reasonable period whether he cancels
the contract due to delay in delivery, seeks damages instead of performance or insists on
performance.

3.4 Our liability is set forth in para. 9. Furthermore in the event of slight negligence, our
liability is limited to the invoice value of the respective delivery item.

4. Return of loan packaging:

In the event of delayed return (meaning in the event normal unloading times are exceeded) of
loading equipment, loading tanks and other loan packaging we reserve the right to charge the
Purchaser for the costs incurred by us.

5. Prices:

5.1 Unless otherwise expressly agreed, prices are quoted [***].

5.2 The prices valid [***].

[***].

6. Payment:

6.1 The payment shall be made in Euro to one of our bank accounts indicated on the reverse side.

6.2 Should Purchaser be in arrears with payment, interest for default shall be due and payable at
[***]. We reserve the right to claim further damages. If the interest we claim is higher than the
statutory interest for delayed payment, the Purchaser has the right to demonstrate lower damages
just as we have the right to show that greater damages were incurred.

6.3 Should Purchaser be in arrears with payment or should there be reasonable doubts as to
Purchaser’s solvency or credit rating, we are without prejudice to our other rights — entitled to
require payment in advance for deliveries not yet made, and to require immediate payment of all our
claims arising from the business relation.

6.4 Bills of exchange and cheques shall be accepted upon separate agreement and only by way of
payment. AII expenses incurred in this regard shall be borne by the Purchaser.

6.5 Only uncontested or legally proved claims shall entitle the Purchaser to set-off or withhold
payment.

7. Force Majeure:

Events of Force Majeure, in particular strikes, lock outs, operation or transport interruptions,
including at our suppliers, shall suspend the contractual obligations of each party for the period
of the disturbance and to the extent of its effects. Should me delays caused exceed a period of 6
weeks, both parties shall be entitled to cancel the contract with respect the contractual
performance affected by such delays. No other claims exist.

8. Quality:

8.1 All our data, especially data relating to product suitability, processing and use, as well as
to technical support; have been compiled to the best our knowledge. The Purchaser, however, must
still perform his own inspections and preliminary trials.

8.2 The Purchaser undertakes to examine the goods immediately after delivery with respect to any
defects concerning quality and suitability a purpose and object to ascertainable defects. Sample
testing shall also be performed if this can be reasonably expected of the Purchaser. Failure to
proceed in aforesaid manner shall result in the goods being regarded as accepted.

8.3 Complaints must be made within [***] after receipt of the goods. In case of hidden faults,
however, complaints are to be made [***]. Said claims shall only be taken into consideration if and
when made in writing and with the relevant documentation attached. To comply with the time limit
shall be sufficient if the complaint is sent in good time.

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

9 

8.4 We are not liable on the basis of public statements by us, the manufacturer or his agents, if
we were not aware of the statement or were not required to have knowledge thereof, the statement
was already corrected at the time of the purchase decision or the Purchaser cannot show that the
statement influenced his purchase decision.

8.5 We are not liable for defects which only marginally reduce the value or the suitability of the
object. A marginal defect exists in particular if the defect can be removed by the Purchaser
himself with insignificant effort.

8.6 If the Purchaser requests replacement performance due to a defect, we may choose whether we
remove the defect ourselves or deliver a defect-free object as a replacement. The right to reduce
the price or cancel the contract in the event of an unsuccessful replacement performance shall
remain unaffected.

8.7 Where complaints are justified, the goods may only be returned to us at our expense if after we
receive notice of the defect we do not offer to collect or dispose of the goods.

8.8 If increased costs arise because the Purchaser has transferred the goods to a place other than
his commercial place of business, we shall charge the Purchaser for the increased costs in
connection with the remedying of the defect, unless the transfer corresponds to the designated use
of the object.

8.9 Damage and claims for reimbursement of expenses shall remain unaffected as far as not excluded
by para. 9.

8.10 All claims due to a defect are subject on limitation period of [***] after delivery of the
object. No warranty is made for used objects. The statutory limitation period for objects which are
used for a building structure in accordance with their usual manner of use, and which cause the
defectiveness thereof, shall remain unaffected.

8.11 The rights of the Purchaser under §§ 478, 479 German Civil Code remain unaffected.

9. Liability:

Our liability is excluded regardless of the legal grounds.

This shall not apply in the · event of intentional actions or gross negligence by us or our legal
representatives or agents or in the event of a breach of material contractual duties,
In the event of a slightly negligent breach of material contractual duties, our liability is
limited to [***]. For damages due to delayed performance para. 3.4 shall also apply. Our liability
for damages due to injury to life, the body or health, the liability based on a guarantee and under
mandatory statutory provisions, in particular the Product Liability Act, remain unaffected.

10. Reservation ·of Ownership:

10.1 ·The goods that have been sold remain our sole property until all outstanding debts arising
from the business connection with the Purchaser have been paid in full. The Purchaser has power of
disposal of the purchased goods in the ordinary course of business, or he may process the goods
until revocation by us.

10.2 Reservation of ownership and power of disposal, as laid down in clause 10.1, also apply to the
full value of the manufactured goods produced by processing, mixing and blending or combining our
goods. In each case we qualify as the manufacturer. In cases where the goods are processed, mixed
or blended or combined with those of a third party, and where the reservation of the latter
continues to apply, then we acquire joint ownership in proportion to the invoice value of hose
processed goods. If security rights of a third party are in fact or in law below that share, the
difference will be to our benefit.

10.3 If he Purchaser resells our goods to third parties he hereby assigns the entire resulting
payment claim — or in the amount of our joint share therein (see para. 10.2) — to us. In the event
the parties agree on a current account, the respective balance amounts shall be assigned. However,
the Purchaser shall be entitled to collect such payment claim on our behalf until we revoke such
right or his payments are discontinued. The purchaser is only authorized to make assignment of
these claims – even only for the purpose of collection by way of factoring — with our express
written consent.

10.4 The Purchaser shall immediately give notice to us if any third party raises any claim with
respect to such goods or claims which are owned by us.

10.5 [***].

10.6 We are also entitled to take back goods on the basis of the reservation of title, even if we
have not previously cancelled the contract If products are taken back by way of the exercise of the
reservation of ownership, this shall not constitute cancellation of the contract.

10.7 If he laws of the country in which the goods are located after delivery do not permit the
Vendor to retain the title to said goods but allow the retention of other similar rights to the
delivery item, the Purchaser shall provide us with such other equivalent right. The Purchaser
undertakes to assist us in the fulfilment of any form requirements necessary for such purpose.

11. Place of Fulfilment, Applicable Law and Jurisdiction:

11.1 The originating point of the goods shall in each case, be the place of fulfilment for the
delivery. Munich shall he the place of fulfilment for payment.

11.2 Exclusively the laws of the Federal Republic of Germany shall apply between the parties. The
application of the 19890 United Nations Convention on Contracts for the International Sale of Goods
is expressly excluded.

11.3 If the Purchaser is a merchant or does not have a general place of jurisdiction in Germany,
the place of jurisdiction is Munich. We shall, however, have the right to also bring a claim
against the Purchaser at his general place of jurisdiction

Munich, 15th May 2002

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

10 

Appendix C , page 1 of 2

Relevant Energy Price index:

[***]

Source:

[***]

Evaluation periods:

[***]

[***]

[***]

[***]

Price Adjustment Table:

CB ... Index value of Basis evaluation period

CN ... Index value of New evaluation period

	 	 	 
	 	 	Price Adjustment
	CN/CB (%)	 	EURO / kg
	[***]

	 	[***]
	[***]

	 	[***]
	[***]

	 	[***]
	[***]

	 	[***]
	[***]

	 	[***]
	[***]

	 	[***]
	[***]

	 	[***]
	[***]

	 	[***]

On the following example for the calculation of the price adjustment the procedure is explained in
more detail.

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

11 

Appendix C, page 2 of 2

[***]

Supply Agreement Evergreen Solar, Inc./ Wacker Chemie AG August 31, 2007

 

 

PRODUCT SPECIFICATION

	 	 	 	 	 
	Specification:
	 	PCL-NCS	 	Version: B
	Date of Issue:
	 	10.07.2007	 	 

	 	 	 
	Product

	 	HYPER PURE SILICON, POLY, SOLAR APPLICATION
	 

	 	[***]
	Supplier

	 	Wacker Chemie AG Polysilicon / Site Burghausen
	Manufacturer

	 	Wacker Chemie AG Polysilicon / Site Burghausen

The data presented in this specification are confidential and must not be disclosed to any other
parties without the expressed written consent of Wacker Chemie AG Polysilicon Logistics / Site
Burghausen . This specification is issued and handled by Wacker Chemie AG Polysilicon Logistics /
Site Burghausen; it is valid upon authorized signature by customer and supplier.

agreed upon :

	 	 	 
	Evergreen Solar Inc:
	 	 
	 

	 	 
	 

	 	Name / Position / Date
	 
	 	 
	Wacker Chemie AG:
	 	 
	 

	 	 
	 

	 	Name / Position / Date
	 
	 	 
	Wacker Chemie AG:
	 	 
	 

	 	 
	 

	 	Name / Position / Date

Distribution :

	 	 	 	 	 	 	 	 	 
	 	 	Evergreen Solar Inc	 	Wacker Chemie AG Polysilicon Logistics
	Copies

	 	 	1	 	 	 	1	 

List of Revisions:

	 	 	 	 	 	 	 	 	 
	New issue/Change	 	Description	 	Date	 	Revision
	New issue

	 	 	 	 	29.03.2000	 	 	A
	 
	 	 	 	 	 	 	 	 
	Change

	 	4. Labels/Report on inspection
	 	 	20.07.2006	 	 	B
	 

	 	—> revised values for delivery note	 	 	 	 	 	 
	 

	 	—> revised values for Certificate of
compliance	 	 	 	 	 	 
	 

	 	—> new item 4.3	 	 	 	 	 	 

page 1 of 4

 

PRODUCT SPECIFICATION

	1.	 	Material of Specification and Application
	 
	1.1	 	This SPECIFICATION describes requirements for solar grade silicon material, which is
purchased by CUSTOMER from WACKER.
	 
	1.2	 	In case that either CUSTOMER or WACKER wishes to change all or part of SPECIFICATION, such
party will give notice to the other party [***] prior to the date upon which it wishes such
change to take effect unless otherwise mutually agreed.
	 
	1.3	 	This SPECIFICATION sets acceptance and rejection criteria for all incoming solar grade
silicon material, and supersedes all the previous.
	 
	2.	 	Production Method
	 
	 	 	The delivered silicon chips are produced [***] as feed stock gas.
	 
	3.	 	Values and Analytical methods

	 	 	 	 	 	 	 
	Parameter	 	Values and Units	 	Analytical methods	 	Notes
	Bulk purity and
Resistivity

	 	[***]
	 	[***]
	 	[***]
	 
	 	 	 	 	 	 
	 

	 	[***]
	 	[***]
	 	will be delivered as collective
consignment with
corresponding
collectve lot
numbers.
	 
	 	 	 	 	 	 
	 

	 	[***]
	 	[***]	 	 
	 
	 	 	 	 	 	 
	Surface Metals

	 	[***]
	 	[***]	 	 
	 
	 	 	 	 	 	 
	Resistivity

	 	[***]	 	 	 	 

	 	 	 	 	 	 	 
	Size	 	Length	 	Weight	 	Notes
	[***]

	 	[***]
	 	[***]
	 	[***]

page 2 of 4 

 

PRODUCT SPECIFICATION

	 	 	 
	Parameter	 	Notes
	Surface condition

	 	[***]
	Surface morphology, Discolourations and Stains

	 	[***]
	Foreign substances

	 	[***]
	Weight

	 	[***]
	Packing

	 	[***]

	4.	 	Labels/Report on Inspection

	 
	4.1	 	Labels on [***]
	 
	 	 	The label on the [***] will give the information about

	 	 (1)	 	Manufacturer
	 
	 	 (2)	 	Collective lot number
	 
	 	 (3)	 	Weight
	 
	 	 (4)	 	Guaranteed values for resistivity
	 
	 	 (5)	 	[***]
	 
	 	 (6)	 	Poly grade: Solar Poly
	 
	 	 (7)	 	Article name

	4.2	 	Labels on Pallets
	 
	 	 	The label on the pallet will give the information about

	 	 (1)	 	Manufacturer
	 
	 	 (2)	 	Collective lot number
	 
	 	 (3)	 	Weight of pallet
	 
	 	 (4)	 	Specification number

	4.3	 	Bags and pallets can contain additional labels and/or additional information for internal
purposes
	 
	4.4	 	Delivery Note
	 
	 	 	To accompany each shipment with the information about

	 	 (1)	 	Order number
	 
	 	 (2)	 	Quantity
	 
	 	 (3)	 	Collective lot numbers / Quantity
	 
	 	 (4)	 	Specification number
	 
	 	 (5)	 	[***]

	4.5	 	Certificate of Compliance
	 
	 	 	To accompany each shipment with the information about

	 	 (1)	 	Order number
	 
	 	 (2)	 	Product name

page 3 of 4 

 

PRODUCT SPECIFICATION

	5.	 	Procedure of Claim Handling
	 
	5.1	 	Generally claims refer to lots.
	 
	5.2	 	Upon receiving a notice of quality problem or a claim notice from CUSTOMER, WACKER
investigates causes of such problem or claim and [***] after receiving a sample of the claimed
lot.
	 
	5.3	 	All the costs incurred relating to any rejection set out in this article are [***].

page 4 of 4exv10w1

 

Exhibit 10.1

Confidential Materials omitted and filed separately with the

Securities and Exchange Commission. Asterisks denote omissions.

CONFIDENTIAL

AMENDMENT NO. 4 TO DEVELOPMENT, LICENSE

AND COMMERCIALIZATION AGREEMENT

IDENIX PHARMACEUTICALS, INC.

IDENIX (CAYMAN) LIMITED

NOVARTIS PHARMA AG

 

 

AMENDMENT NO. 4 TO DEVELOPMENT, LICENSE

AND COMMERCIALIZATION AGREEMENT

     This Amendment No. 4 (“Amendment No. 4”) to the Development, License and Commercialization
Agreement is made as of 28 September 2007 (“Amendment Signing Date”) between Idenix
Pharmaceuticals, Inc. of 60 Hampshire Street, Cambridge, Massachusetts 02139, USA (“Idenix U.S.”),
Idenix (Cayman) Limited c/o Walkers SPV Limited, Walker House, Mary Street, George Town, Grand
Cayman, Cayman Islands (“Idenix Cayman” and, together with Idenix U.S., “Idenix”), and Novartis
Pharma AG of Forum 1, Novartis Campus, 4056 Basel, Switzerland (“Novartis”).

INTRODUCTION

     Novartis and Idenix are parties to the Development, License and Commercialization Agreement
made as of May 8, 2003, as amended by Amendment No. 1 dated as of April 30, 2004, Amendment No. 2
dated as of December 21, 2004, and Amendment No. 3 dated as of February 27, 2006 (as so amended,
the “Prior Agreement”, and as amended by this Amendment No. 4, the “Agreement”).

     Novartis and Idenix now revise certain terms and conditions of the Agreement to give effect to
the Parties’ agreement that Novartis will take over control of Development, Commercialization and
Manufacture of the LdT Product and related matters, on a worldwide basis from the Amendment
Effective Date.

     Novartis and Idenix will also enter into a Transition Services Agreement (“Transition
Agreement”) on the Amendment Effective Date to provide Transition Services (as defined in the
Transition Agreement) to Novartis, to facilitate the efficient and successful transition of the
full control of the Development and Commercialization of the LdT Product from Idenix to Novartis.

     IN CONSIDERATION of the mutual covenants in this Amendment No. 4, Idenix and Novartis
agree:

     1. Definitions. Unless otherwise defined or amended by the terms of this Amendment
No. 4 (including the attached Exhibits), all initial capitalized defined terms used have the
meanings as defined in the Agreement. In addition, for purposes of this Amendment No. 4, the
Parties agree to the following additional definitions:

     “Amendment Effective Date”. Amendment Effective Date shall mean 1 October 2007.

     “Transferring Agreements”. Transferring Agreements shall mean the agreements
between Idenix and Third Parties so referred to in Exhibit V and any other agreements
Novartis agrees in writing to have assigned to it.

     “Assumed Liabilities”. Assumed Liabilities shall mean liabilities and
obligations in accordance with the terms of assignment of the Transferring Agreements and, if
applicable, To Be Decided Agreements, assigned to Novartis, to the extent that the
liabilities and obligations arise after their respective effective dates of assignment to
Novartis, Novartis’ obligations under Section 2(d) and (e), and Novartis’ share of Committed
Arrangements and Accounts Receivables to be paid by Novartis under Section 7.

2

 

     “Committed Arrangements”. Committed Arrangements shall mean commitments with
respect to activities, events or other commitments agreed to between the Parties to be
undertaken before the Amendment Signing Date, where costs and expenses are governed by and
are to be shared in accordance with the Prior Agreement, including those activities, events
and other commitments.

     “Rejected Agreements” shall mean all the agreements between Idenix and Third
Parties relating to LdT Product other than the Transferring Agreements or To Be Decided
Agreements, including those so referred to in Exhibit V.

     “Retained Liabilities” shall mean obligations and liabilities under the
Transferring Agreements, To Be Decided Agreements, Rejected Agreements or otherwise arising
from agreements between Idenix and Third Parties with respect to the LdT Product arising
before the Amendment Effective Date that are not Assumed Liabilities.

     “To Be Decided Agreements”. To Be Decided Agreements shall mean the agreements
between Idenix and Third Parties so referred to in Exhibit V, which Novartis will decide
whether or not it requires assignment of, after the Amendment Effective Date.

     2. Transfer.

     (a) As of the Amendment Effective Date, the Prior Agreement is amended by including Exhibit T
to give effect to the Parties’ agreement that Novartis will take over control of Development,
Commercialization and Manufacture of the LdT Product and related matters, on a worldwide basis from
the Amendment Effective Date. The provisions of Exhibit T apply solely to the LdT Product. The
Agreement otherwise remains in effect for Products other than the LdT Product. In addition, all
provisions of the Agreement not amended by Exhibit T remain in effect also with respect to the LdT
Product.

     (b) Other than the Assumed Liabilities, Novartis and its Affiliates do not assume or agree to
undertake to pay, satisfy, discharge or perform, and will not be deemed (i) by entering into this
Amendment No. 4 or any document consequent upon this Amendment No. 4, or (ii) by consummation of
transactions contemplated by this Amendment No. 4, to have assumed, or to have agreed to pay,
satisfy, discharge or perform, any liability, obligation, indebtedness or tax of Idenix or its
Affiliates, or in any other way relating to the LdT Product, except as set out in this Amendment 4.

     (c) Subject only to Section 2(d) and (e), notwithstanding any provision to the contrary in
this Amendment No. 4, Idenix and its Affiliates will remain liable for all Retained Liabilities.

     (d) In respect of the Terminated Agreements identified in (c) (i) to (iii) of the Introduction
to Exhibit T, the Parties agree that all amounts that were due and owing between the Parties in
respect of Section 5.3(a) of the Supply Agreement are settled in full and final on payment by
Novartis to Idenix within [**] days after the Amendment Effective Date of an amount equivalent to
[**] percent ([**]%) of the Net Sales for the Novartis Territory (as defined in the Prior
Agreement) for the period between the date of the First Commercial Sale of the LdT Product and the
Amendment Effective Date. Upon payment of such amount in accordance with this Section, Novartis
will not owe Idenix any additional amount for Net Sales in the Novartis Territory prior the
Amendment Effective Date and each Party will waive any claim that a different calculation should be
made to determine the payment from Novartis to Idenix under Section 5.3(a) of the Supply Agreement.

     (e) Each Party and its respective Affiliates remain liable for obligations and liabilities
(including indemnities) on a GAAP / IFRS accrual basis:

3

 

     (i) in accordance with the terms of the Prior Agreement and the Terminated Agreements
(as defined in Exhibit T) arising before the Amendment Effective Date, even if claims are
made after the Amendment Effective Date; and

     (ii) pursuant to the Agreement, on or after the Amendment Effective Date.

     3. Employees.

     (a) To facilitate the efficient and successful transition of full control to Novartis of
Development and Commercialization of the LdT Product and related matters, Idenix will use
Commercially Reasonable Efforts to retain the employees Idenix would have terminated on the
Amendment Effective Date to provide Transition Services to Novartis, if their names are specified
in the Transition Agreement to provide Transition Services (“Transition Employee”).

     (b) Novartis or its Affiliates may interview and enter into discussions with the Transition
Employees and Idenix sales representatives in Germany regarding employment with Novartis or its
Affiliates. Novartis and its Affiliates are under no obligation to enter into arrangements with any
of those persons, but may do so. Should agreement be reached between Novartis or its Affiliates and
any of those persons to enter into employment agreements with Novartis or its Affiliates at any
time within [**] of the Amendment Effective Date, (“Transferred Employees”), Idenix agrees
that those persons will, by this Amendment No.4, be released from all non-compete and similar
obligations that they would otherwise be bound to Idenix, for the purpose of their employment with
Novartis or its Affiliates, and the Parties will use Commercially Reasonable Efforts to facilitate
the new arrangements being put in place and taking effect expediently and amicably.

     (c) As between the Parties, Novartis and its Affiliates will be responsible for each
Transferred Employee with respect to all costs from the commencement date of the employment
agreement between the Transferred Employee and Novartis or its Affiliates.

     (d) In respect of each Transition Employee, other than a Transferred Employee, Idenix will
make payment and use Commercially Reasonable Efforts to obtain releases for these employees in
accordance with the Transition Agreement. In respect of any other employees of Idenix, Idenix will
be free to determine retention or termination of the employee, and retains all liability in respect
of the employee.

     (e) For all Idenix employees involved in the Development, Commercialization or Manufacture of
the LdT Product before the Amendment Effective Date in any Major EU Country:

     (i) Idenix will use Commercially Reasonable Effort to agree to the termination
of employment with the employee by payment of a severance payment equivalent to [**]
salary (including any required notice period pursuant to local/country regulation)
of that employee as at the Amendment Effective Date (except for the employees on
probation pursuant to applicable country laws/regulations before the Amendment
Effective Date), in full and final settlement for all payments (including salaries,
taxes due to be paid by the relevant employer, other periodic outgoings with respect
to their employment, damages, awards, claims and other costs or expenses) due from
his/her employment or the termination of employment (including, as regards the
non-compliance with any applicable employment or labour laws or regulations, whether
or not arising under or pursuant to the Acquired Rights Directive (77/187/EEC), as
amended by Directive 98/50EC and consolidated in 2001/23/EC), or however otherwise
arising). The agreement documenting the termination or severance settlement used
will be agreed with Novartis, such agreement not to be unreasonably withheld.
Without limiting the above, the agreement will contain a waiver of any claims the
employee may
have against the Idenix Affiliate and the Novartis Affiliate (whether through
the Acquired

4

 

Rights Directive or otherwise), and refer to the Novartis Affiliate
(both the above as requested by the Novartis Affiliate), and use Commercially
Reasonable Efforts to comply with Law.

     (ii) Idenix will indemnify Novartis in respect of each employee who does not accept
settlement under subsection (i) and claims to have become an employee of Novartis by
operation of Law or claims employee benefits from Novartis, and will pay Novartis, and
Idenix’ sole liability is limited to Idenix’ payment of, an amount equivalent to [**] salary
of that employee as at the Amendment Effective Date within [**] days after Idenix receives an
invoice for the above.

     (iii) As between the Parties, Novartis and its Affiliates will be liable for any claims
made by the employees referred to under subsection (ii) arising against Novartis or its
Affilaites due to the transactions contemplated under this Amendment No. 4 and the Transition
Agreement, provided that Idenix has made the payment in accordance with that subsection and
excluding any claims arising from acts or omissions of Idenix before the Amendment Effective
Date with respect to those employees.

     4. Transfer of Development and Commercialization Material.

     On the Amendment Effective Date, or as part of the Transition Services, Idenix will deliver to
Novartis all Development and Commercialization materials listed in the Schedules to the Transition
Agreement and Idenix will transfer ownership and assigns all its copyright in the above materials
to Novartis by this Amendment No. 4.

     5. Transferring Agreements, To Be Decided Agreements and Rejected Agreements.

     (a) Within [**] days following the Amendment Signing Date (and after as necessary), Novartis
and Idenix will use Commercially Reasonable Efforts:

     (i) to assign the Transferring Agreements from Idenix to Novartis (or its designated
Affiliate), including all rights, obligations and liabilities arising after the Amendment
Effective Date; and

     (ii) to review and assess the To Be Decided Agreements, and Idenix and Novartis will
work together in good faith to determine whether any To Be Decided Agreements should be
terminated, assigned to Novartis or remain with Idenix and to resolve all related issues.

In the above, except in respect of Development Expenses referred to in clause 7.3 of the Transition
Agreement, (A) Idenix will remain responsible and liable for any obligations or liabilities that
arose before the effective date of assignment of the Transferring Agreements, and all obligations
or liabilities from any Transferring Agreement that requires the other party’s consent which
consent is not forthcoming on terms acceptable to Novartis; and (B) Novartis will not be obligated
to accept an assignment of any To Be Decided Agreements. Novartis will pay the continuing costs
invoiced after Amendment Effective Date for services and materials provided by Third Parties in
respect of the LdT Product after the Amendment Effective Date in accordance with of the To Be
Decided Agreements, for the period of [**] days from the Amendment Effective Date (or to the
earlier or later date on which Novartis notifies Idenix that it does not require assignment of the
particular a To Be Decided Agreement). Any costs incurred with respect to the assignment to
Novartis or its Affiliates of any Transferring Agreements or To Be Decided Agreements, any other
related costs, or termination or cancellation costs or penalties will be borne by Idenix.

     (b) Idenix will remain solely liable for all obligations and liabilities, and have sole
control over the continuation, or termination or cancellation of the Rejected Agreements, including
all continuing costs until expiry or termination, and all termination or cancellation costs and
penalties if

5

 

any agreements with it are not assigned to Novartis. In respect of [**], this Section
applies after transition of distribution operations under Section 8 is completed and Novartis sends
its notice under Section 8(h)(viii).

     6. Pre-payments/On-going payments.

     (a) The Parties agree that unless specifically provided for to the contrary in this Amendment
No. 4, the following principles apply. All obligations and liabilities in connection with the
Development, Commercialization and Manufacture of the LdT Product:

(i) accruing up to the Amendment Effective Date will be determined according to
the Prior Agreement; and

(ii) accruing after the Amendment Effective Date will be borne by Novartis.

     (b) Each Party will:

(i) bear its share of all Development, Commercialization and Manufacturing
costs and expenses with respect to Committed Arrangements for the LdT Product in
accordance with the Prior Agreement, committed to up to the Amendment Effective
Date;

(ii) make payments (or part of payments) for the Committed Arrangements for
the LdT Product in accordance with the Prior Agreement that the Parties in good
faith determine are accrued before the Amendment Effective Date even if
activities, events or matters with respect to these commitments take place after
that date;

(iii) (except as provided in sub-section (c)) not seek reimbursement and not
be reimbursed for payment for the Committed Arrangements, even if the activity,
event or matter for which it has paid or contributed to before the Amendment
Effective Date, take place after that date.

     (c) Idenix will repay to Novartis on the Amendment Effective Date all Development costs
charged to and paid by Novartis to Idenix that have not been incurred by Idenix before that date.

     7. Accounts Receivables.

     (a) For Section 7, 7A and 8,

     “Accounts Receivable” means each amount owing to Idenix from a debtor at close
of business on the Amendment Effective Date for the supply of LdT Product in the US
Territory before that date, documented in a list agreed between the Parties before the
Amendment Effective Date to be assigned under this Section 7.

     “Net Accounts Receivable” means Idenix’ Accounts Receivable trial balance
listed in its books at the close of business on that day, less an amount agreed by the
parties related to chargebacks, write-downs, returns provisions and Rebates associated with
those receivables.

     “NPC” means Novartis’ Affiliate, Novartis Pharmaceuticals Corporation.

     “Rebates” means all US state and federal Medicaid credits, chargebacks,
utilization based or other rebates, reimbursements, refunds, discounts, allowances, and
similar payments to wholesalers and other distributors, buying groups, insurers, other
institutions and patients related to the LdT Product.

6

 

     (b) As of the Amendment Effective Date, Novartis’ Affiliate, NPC will buy the Idenix’ existing
Accounts Receivable, for a price equal to the value of its Net Accounts Receivable.

     (c) NPC will pay Idenix for the Account Receivables it buys from Idenix [**] days after the
Amendment Effective Date (or [**] days after the end of the month immediately following where the
Account Receivable payment date if payment is not due by the above date).

     (d) NPC will have full right to collect the Accounts Receivable and to send letters to the
debtors notifying them that NPC is the owner of the Accounts Receivable and payment for the
Accounts Receivable should be sent to NPC in place of Idenix.

     (e) Idenix will reimburse NPC for each receivable (or portion of receivable) bought that NPC
cannot collect or realize for any reason. Upon reimbursement, Idenix will reacquire all rights to
the reimbursed uncollected Accounts Receivable balances.

     (f) NPC will process all Rebate payments and Ldt Product Returns as of Amendment Effecive
Date. However:

	 	(i)	 	where payment of aggregate Rebates by NPC for any period relating to a LdT
Product launch date and ending with the third calender quarter of 2007 differs from
the total Rebates assumed by NPC on the Amendment Effective Date, or
	 
	 	(ii)	 	where payment of aggregate returns by NPC for the specific lots identified
in the list agreed between the Parties differ from the total returns provisions
assumed by NPC on the Amendment Effective Date,

     then Idenix will reimburse NPC for the shortfall and NPC will reimburse Idenix for excess
payment.

     7A. Interim Invoicing

     (a) For Section 7A,

“Invoicing Transfer Date” means [**] or another date NPC’s systems are able
to take over invoicing of customers.

“Sales” means sales of LdT Product realised by Idenix on NPC’s account from
the Amendment Effective Date to the Invoicing Transfer Date.

     (b) To facilitate smooth transitioning of invoicing, until the Invoicing Transfer Date, Idenix
will make Sales and invoice customers for the Sales.

     (c) On the Invoicing Transfer Date, Idenix will issue a credit note to NPC for the Sales and
transfer to NPC outstanding accounts receivables for the Sales. If Idenix receives payments for the
Sales from customers, Idenix will account to NPC for the receipts.

     (d) Idenix will also provide NPC with all product marketing reporting data NPC requires by SKU
for the Sales.

     8. Inventory and Continued Distribution

     (a) For Section 8,

7

 

“Commercial Inventory Transfer Date” means [**] or another date
agreed between the Parties.

“Defective” in respect of LdT Product, includes, without limitation
damaged, contaminated, has deteriorated or has an out of date expiration date as
determined by Novartis’ policies.

“Inventory” means:

(i) good and saleable LdT Product in bulk and final packaged form owned by Idenix
and in Idenix’ possession or control at the facilities of [**], or at the
Warehouse, to be established in accordance with the stocktake and procedures under
this Section 8 (“Commercial Inventory”); and

(ii) clinical trial materials (LdT Product and comparator) in bulk, primary and
final packaged form (“Clinical Inventory”).

     “Inventory Notice” means the written notice given by Idenix to NPC under
section 8(d).

     “Warehouse” means the warehouse of [**].

     (b) NPC will buy Idenix’ Inventory ascertained as follows. For Commercial Inventory that is
at the Warehouse, Idenix will direct the inventory to be shipped to the address/es specified by
NPC, and NPC will determine the quantity and ascribe the value upon receipt, in accordance with
this Section 8. For Commercial Inventory at Novartis’ Affiliate’s premises, NPC will determine
the quantity and ascribe the value in accordance with this Section 8 at the opening of business on
the Amendment Effective Date. For Clinical Inventory, Idenix will deliver the inventory to NPC on
the Amendment Effective Date and NPC will pay [**] for this inventory.

     (c) The Parties will create a list of all inventory noting the expiration date of each item,
and excluding from the list each item that has an expiration date of less than [**] months from the
Amendment Effective Date, and each item that is Defective.

     (d) Subject to subsection (c), the price of the Commercial Invetory will be calculated based
on the following quantities and price as at [**]:

	 	 	 	 	 	 	 
	 	 	Minimum	 	 	 	 
	Commercial Inventory type	 	expiration date	 	Quantity	 	Price
	[**]

	 	[**]
	 	[**]
	 	US$ [**]
	 
	 	 	 	 	 	 
	[**]

	 	[**]
	 	[**]
	 	US$ [**]

and pro-rated for actual quantity received by NPC.

     (e) Idenix will provide NPC with:

	 	(i)	 	written confirmation that all Inventory included in the
notice has been warehoused by Idenix U.S. and its Affiliates in accordance
with Law;
	 
	 	(ii)	 	all other documents required by Law to enable use and/or
sale of the Inventory by NPC; and

8

 

	 	(iii)	 	a written notice specifying the total price of the
Inventory calculated in accordance with this Section 8.

     (f) Subject to subsection (f), where NPC agrees with the Inventory Notice, NPC will pay Idenix
the total price stated in the Inventory Notice within [**] days of receipt of delivery of the
Inventory to the address/es specified by NPC, at which time title in the Inventory will pass to
NPC. Where NPC does not agree, Article 13.6 of the Agreement will apply.

     (g) NPC will use Commercially Reasonable Efforts to sell the Inventory (but will be under no
obligation to sell Idenix’ Inventory before its own inventory). NPC will invoice Idenix for
Inventory that cannot be sold or that are returned by customers because they are Defective and the
total price of the Inventory will be deemed reduced by that amount. NPC will invoice Idenix by way
of charge back for the Defective Inventory, and Idenix will pay NPC the amount of the charge back
within [**] days of receipt of delivery of the charge back invoice.

     (h) Idenix will destroy, in accordance with all applicable Laws, any inventory of Product
under Idenix’s possession or control that is not bought by NPC (or sold to Third Parties by
agreement with Novartis) under this Section 8 as promptly as practicable.

     (i) To enable continuity of distribution operations between the Amendment Effective Date and
the Commercial Inventory Transfer Date:

(i) Idenix will continue to book sales of Inventory shipped from [**] and record
related Rebates (as defined in Section 7 above) ;

(ii) Idenix will transfer to NPC Net Sales less the purchase price paid by Idenix
under the Commercial Manufacturing Agreement identified in (c)(ii) of the
Introduction to Exhibit T, and Rebates, for sales in subsection (i), between the
Amendment Effective Date and the Commercial Inventory Transfer Date ;

(iii) NPC will buy the additional Net Accounts Receivable (as defined in Section 7)
which arise from sales between the Amendment Effective Date and the Commercial
Inventory Transfer Date in accordance with Section 7;

(iv) NPC and Idenix will co-operate with each other and each will issue its own
notice to all its customers, notifying them that the TYZEKA® will be supplied by NPC
the Commercial Inventory Transfer Date, unless the parties agree another date;

(v) immediately after Idenix’ announcement under Section 15, Idenix will give
notice to and make arrangements with [**] for most of the Inventory to be shipped to
NPC (as directed by NPC) at the address/es specified by NPC;

(vi) NPC will log in Inventory received and perform QA/QC validations to enable the
Inventory shipped to NPC;

(vii) the procedure in subsection (f) will apply for Inventory found to be Defective
under subsection(h)(vi); and

(viii) Once NPC is on line and ready to ship Inventory, NPC and Idenix will send a
second notice to all customers confirming the above change in subsection (iii), and
notify [**] to stop all further distribution and ship all remaining Inventory to NPC
at the address/es specified by NPC.

     9. Idenix Representations. Idenix represents and warrants to Novartis that as of (a)
the Amendment Signing Date, and (b) the Amendment Effective Date, that it and its Affiliates are
not

9

 

aware of any actual, planned or threatened Third Party claim (other than standard accounts
payable / receivable and similar obligations incurred in the ordinary course of business), legal or
administrative proceedings, arising in connection with or related to the Commercialization,
Development or Manufacturing of the LdT Product under the Agreement, any Assigned Agreement or
Third Party Agreement, or any act or omission occurring on or before (i) the Amendment Signing
Date, or (ii) the Amendment Effective Date (as the case may be), that may give rise to any of the
above.

     10. Idenix Indemnities. Subject to Section 2(e), in addition to the indemnity
continuing after the Amendment Effective Date under Section 11.5 of the Agreement, Idenix will
defend, indemnify and hold harmless Novartis and its Affiliates and their respective directors,
officers, employees and agents, at Idenix’ cost and expense, from and against all liability, loss,
damage, cost, fees and expenses (including reasonable legal fees and expenses) arising out of:

     (a) any breach by Idenix or its Affiliates of its obligations, representations and warranties
included in Amendment No. 4;

     (b) any claim, legal or administrative proceeding, brought by an individual who was a
director, officer, employee, or contractor of Idenix or its Affiliates on or before the Amendment
Signing Date, relating to any act or omission by Idenix or its Affiliates before the date on which
s/he becomes a director, officer, employee, or contractor of Novartis or its Affiliate (subject to
the limitation on claims arising due to the transfer of employees by operation of law in accordance
with Section 3(e)) (“Retained Employee Liability”); or

     (c) any Retained Liabilities.

     11. Novartis Indemnities. Subject to Section 2(e), in addition to the indemnity
continuing after the Amendment Effective Date under Section 11.5 of the Agreement, Novartis will
defend, indemnify and hold harmless Idenix and its Affiliates and their respective directors,
officers, employees and agents, at Novartis’ cost and expense, from and against all liability loss,
damage, cost, fees and expenses (including reasonable legal fees and expenses) arising out of:

     (a) any breach by Novartis or its Affiliates of its obligations included in Amendment No. 4;

     (b) any claim, legal or administrative proceeding, brought by an individual who was a
director, officer, employee, or contractor of Idenix or its Affiliates on or before the Amendment
Signing Date, relating to any act or omission by Novartis or its Affiliates on or after the date on
which s/he becomes a director, officer, employee, or contractor of Novartis or its Affiliate, other
than any Retained Employee Liabilities or incurred under Section 3 above; or

     (c) any Assumed Liabilities.

     12. Reservations. The representations, warranties and indemnities in 9, 10 and 11
above do not in any way limit the force or effect of the representations, warranties, covenants and
indemnities that continue to have application to the LdT Product and generally pursuant to the Agreement.
The procedures in Section 11.5(c) of the Agreement will apply with respect to the indemnities in
Sections 10 and 11 above.

     13. Idenix Restrictions. Except as required by Law, as authorized by this Amendment
No. 4, or at Novartis’ request or with its prior approval, Idenix will not, after the Amendment
Effective Date, carry out any act (including communication with Regulatory Authority or third
party), enter into any agreement or incur any expense, in connection with Development,
Commercialization or Manufacture of the LdT Product, and will refer to Novartis all enquiries by
Third Parties, including by any Regulatory Authority.

10

 

     14. Further Acts. Each Party covenants and agrees, without the necessity of any
further consideration, to execute, acknowledge and deliver all other documents (in form and content
reasonably satisfactory to the other Party) and to take any other action as may be reasonably
necessary to carry out the intent and purposes of this Amendment No.4, and will do so promptly.

     15. Announcements. A Party may disclose the terms of this Amendment No. 4 only if that
Party reasonably determines, based on advice from its counsel, that it is required to make the
disclosure by applicable law, regulation or legal process, including without limitation by the
rules or regulations of the U.S. Securities and Exchange Commission (“SEC”) or similar regulatory
agency in a country other than the U. S. or of any stock exchange or NASDAQ (“Authority”). The
Parties will cooperate with each other to ensure the disclosing Party discloses only those terms of
this Amendment No. 4 as the disclosing Party reasonably determines, based on advice from its
counsel, are required by applicable law, regulation or legal process to be disclosed. Each Party
will deliver to the other Party promptly any written correspondence received by it or its
representatives from the SEC, and advise the other Party promptly of any other material
communication between it or its representatives with the SEC, with respect to any confidential
treatment request with respect to this Amendment No. 4. Where a Party determines that it must
publicly file this Amendment No. 4 with the Authority, that Party will (i) initially, file a
redacted copy of this Amendment No. 4 in the form of Exhibit X (“Redacted Amendment No. 4”); (ii)
request, and use Commercially Reasonable Efforts to obtain, confidential treatment of all terms
redacted from such Redacted Amendment No. 4, provided that the specific redaction is permitted by
Law or the applicable rules and regulations of the Authority’s, (iii) permit the other Party to
review and approve such initial request for confidential treatment and any subsequent
correspondence at least [**] days (or fewer, if necessary to comply with Law) before its submission
to the SEC, and (iv) promptly deliver to the other Party any written correspondence received by it
or its representatives from the SEC with respect to the confidential treatment request and promptly
advise the other Party of any other material communications between it or its representatives with
SEC with respect to such confidential treatment request.

     16. Status. This Amendment No. 4 amends and supplements the Agreement. Except as
otherwise provided for in this Amendment No. 4, the Agreement remains unaffected and in full force
and effect. This Amendment No. 4 is deemed incorporated into and becomes part of the Agreement, and
is subject to the terms of the Agreement except as here amended.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

11

 

EXECUTION Idenix and Novartis execute this Amendment No. 4 by their authorized
representatives, as of the date first written above.

	 	 	 	 	 
	 	IDENIX PHARMACEUTICALS, INC.

 	 
	 	By:  	/s/ Jean-Pierre Sommadossi 	 
	 	 	Name:  	Jean-Pierre Sommadossi 	 
	 	 	Title:  	CEO 	 
	 
	 	IDENIX (CAYMAN) LIMITED

 	 
	 	By:  	/s/
John Weidenbruch 	 
	 	 	Name:  	John Weidenbruch 	 
	 	 	Title:  	Director 	 
	 
	 	NOVARTIS PHARMA AG

 	 
	 	By:  	/s/
Thomas Ebeling 	 
	 	 	Name:  	T. Ebeling 	 
	 	 	Title 	CEO 	 
	 
	 	 	 
	 	By:  	/s/
Robert Pelzer
 	 
	 	 	Name:  	R. Pelzer 	 
	 	 	Title:  	General Counsel 	 
	 

12

 

EXHIBIT T

Amendment No. 4 Novartis Worldwide Development, Commercialization and Manufacture of LdT

Product and related matters

     As of the Amendment Effective Date, the Prior Agreement is amended in accordance with the
Terms and Conditions of this Exhibit T solely with respect to the LdT Product to give effect to the
Parties’ intention that Novartis will take over control of the Development, Commercialization and
Manufacture of the LdT Product and related matters on a worldwide basis.

Introduction

     This Introduction provides an overview of the changes intended by the Parties with respect to
the LdT Product included in this Exhibit T is set out below:

     (a) Idenix and Novartis terminate Co-Commercialization for the US Territory and the Major EU
Countries and Novartis takes over control of Development, Manufacture and Commercialization
worldwide, and books sales.

     (b) Novartis pays Idenix royalties for the US Territory, the Major EU Countries and the Rest
of World Territory.

     (c) Idenix and Novartis terminate:

     (i) the Supply Agreement;

     (ii) the Commercial Manufacturing Agreement between Novartis and Idenix US for the
supply of the LdT Product for the US Territory dated June 22, 2006;

     (iii) [**];

     (iv) the Pharmacovigilance Agreement effective April 30, 2004 (which was Amendment No.
1 to the Prior Agreement); and

     (v) [**],

     ((i) — (v) together, the “Terminated Agreements”).

     (d) Idenix grants to Novartis a license to Manufacture worldwide.

     (e) The Joint Operations Committee, the Joint Manufacturing Committee and the Joint Country
Commercialization Committees are eliminated.

     (f) Novartis has a casting vote at the Joint Steering Committee and all Joint Sub-Committees.

     (g) Idenix transfers to Novartis the Registration Filings (including NDAs and INDs) and
Regulatory Approval for the US Territory.

     (h) Novartis takes over control of Registration Filings (including NDAs, INDs and CTAs),
Regulatory Approvals, and related matters worldwide, including ongoing clinical trials.

     (i) Idenix transfers to Novartis the Idenix solely-owned LdT Product Patent Rights (as defined
below) worldwide to Novartis.

     (j) Idenix transfers to Novartis or its Affiliate the trademark TYZEKA in the US Territory and
all its interest in the TYZEKA domain names.

     (k) Novartis may sublicense to its Affiliates or Third Parties its rights under the Agreement
without Idenix’ consent unless sublicensing Novartis’ entire rights to the LdT Product under this
Agreement.

     (l) Novartis bears all prospective costs for the Development, Manufacture and
Commercialization the LdT Product.

     This Introduction is intended only to be an aid to understanding Exhibit T and shall not
itself be deemed to amend the Prior Agreement.

Terms and Conditions

     Exhibit T sets out changes to the Agreement applicable to the LdT Product only, and has no
application to or impact on the Agreement other than solely in connection with the LdT Product.

13

 

Exhibit T does not amend the Prior Agreement with respect to any Product other than the LdT Product
or any Drug Candidate other than LdT. All other provisions of the Agreement that have application
to the LdT Product remain unaltered by Amendment No. 4.

     Idenix and Novartis hereby terminate the Terminated Agreements; provided that the provisions
of Section 12.5(a) (“Effect of Termination”) (but not 12.5(b), (c) and (d)) of the Supply
Agreement, and Section 16.2 of the Commercial Manufacturing Agreement shall survive termination.

ARTICLE 1

DEFINITIONS

     1.1 Amended Definitions. The following defined terms in Article 1 of the Agreement
are deleted and replaced by the following:

“Country Term”. Country Term shall mean, on a Product-by-Product and a
country-by-country basis for each country in the Territory, the period commencing on
the relevant Selection Date and ending on the latest of (a) the latest date on which
the Manufacture, use, offer for sale, sale or importation of such Product in such
country is Covered by a Valid Claim of Idenix Patent Rights or Collaboration Patent
Rights, (b) the twentieth (20th) anniversary of the First Commercial Sale of such
Product in such country, and (c) the termination of the applicable Market Exclusivity
Period, or ending on such later date as the Parties may agree pursuant to Section
12.2, provided that for the purpose of this definition of “Country Term”, LdT Product
Patent Rights assigned to Novartis under or pursuant to this Amendment No. 4 shall be
deemed Idenix Patent Rights.

“Lead Regulatory Party”. Lead Regulatory Party shall mean Novartis with respect
to the LdT Product.

“Market Exclusivity Period”. Market Exclusivity Period shall mean, with respect
to the LdT Product in each country, that period of time during which (a) a Party has the
exclusive legal right, whether by means of a Valid Claim in a Patent Right or through
other rights granted by a governmental authority in such country (each Patent Right
containing such claim or each such other right, a “Market Exclusivity Right”), to
market, price and sell the LdT Product in such country, and (b) no generic equivalent of
the LdT Product is marketed in such country by any person other than Novartis or its
Affiliates.

“Novartis Territory” Novartis Territory shall mean worldwide.

“Product Trademark[s]”. Product Trademark[s] shall mean TYZEKA and SEBIVO and any
other trademarks and service marks determined by Novartis for use in connection with the
distribution, marketing, promotion and sale of the LdT Product in the Territory and/or
accompanying logos, trade dress and/or indicia of origin; provided that Product Trademarks
shall not, without Idenix’ prior written consent, contain the word “Idenix” or any
confusingly similar word (inventory and Development and Commercialization materials
acquired from Idenix containing reference to Idenix at the time of transfer excepted).

     1.2 Additional Definitions. The following defined terms are added to the list in
Article 1 for purposes of this Exhibit T:

“Commercialization Report”. Commercialization Report shall mean a quarterly
report, by Region, that provides the following “dashboard” information:

     (i) Monthly sales;

     (ii) Market share by evolution;

     (iii) for the US Region:

14

 

	 	•	 	Factory TYZEKA sales;
	 
	 	•	 	TYZEKA sales objective;
	 
	 	•	 	% TYZEKA sales to objective;
	 
	 	•	 	TYZEKA new prescriptions (new Rx);
	 
	 	•	 	TYZEKA total prescriptions (total Rx);
	 
	 	•	 	Prescription (TRx) forecasted demand vs actual TRx;
	 
	 	•	 	Revenue market share for TYZEKA and HBV competitors;
	 
	 	•	 	Prescription Market Share for TYZEKA and HBV competitors; and

(iv) for each of the Major EU Countries:

	 	•	 	Third Party SEBIVO sales;
	 
	 	•	 	SEBIVO sales objective;
	 
	 	•	 	% sales to objective;
	 
	 	•	 	Revenue market share for SEBIVO and HBV competitors;
	 
	 	•	 	Units or prescription market share for SEBIVO and HBV competitors.

	 	 	“Consolidated Net Sales Report”. Consolidated Net Sales Report shall mean a
consolidated report setting forth, for the LdT Product, the aggregate Net Sales by Region
and the exchange rate used to calculate the US dollar equivalent (or the sales in local
currency).
	 
	 	 	“LdT Product Patent Rights” means those Idenix LdT Product Patent Rights
identified in Exhibit Y, Z or AA where Idenix is the patent owner, co-owner or licensee,
including For the avoidance of doubt, pediatric exclusivity terms.
	 
	 	 	“Ongoing Clinical Trials”. Ongoing Clinical Trials shall mean the clinical trials
for the LdT Product being conducted by Idenix as of the Amendment Effective Date listed in
Exhibit W.
	 
	 	 	“Region”. Region shall mean each of the following: the US Territory, the Major
EU Countries together as one region and the Rest of the World Territory.
	 
	 	 	“Rest of World Territory”. Rest of World Territory shall mean all countries and
territories outside of the US Territory and Major EU Countries.

     1.3 Removed Definitions. The following defined terms in Article 1 of the Agreement
are deleted:

     “Co-Brands” or “Co-Branding”

     “Co-Branding Country”

     “Co-Commercialization Country”

     “Co-Commercialization Provisions”

     “Co-Market” or “Co-Marketing”

     “Co-Marketing Country”

     “Co-Promote” or “Co-Promotion”

     “Co-Promotion Country”

     “Consolidated Co-Commercialization Budget”

     “Consolidated Co-Commercialization Plan”

     “Consolidated Net Sales and Expenses Report”

     “Country Co-Commercialization Budget”

     “Country Co-Commercialization Plan”

     “Country Co-Promotion Report”

     “Detail” or “Detailing”

     “Development Budget”

     “Development Expenses”

     “Development Plan”

     “Joint Country Commercialization Committee”

     “Joint Manufacturing Committee”

15

 

     “Joint Operation Committee”

     “Lead Commercialization Party”

     “PDE”

     “Promotion Expenses”

     “Supply Agreement”

     Any remaining references to the above deleted Definitions in the Agreement regarding or in
connection with the LdT Product are deleted also to give effect to the Parties’ agreement that
Novartis takes over control of Development, Commercialization and Manufacture of the LdT Product
and related matters.

ARTICLE 2

MANAGEMENT OF COLLABORATION

     2.1 General. The references to the “Supply Agreement” are deleted. The last sentence
of Section 2.1 is deleted and replaced by:

To achieve this and other objectives, the Parties desire to provide for (a)
worldwide Development of the LdT Product by Novartis and (b) Manufacture and
Commercialization of the LdT Product by Novartis in the Novartis Territory.

     2.3 Committees.

     (a) Joint Steering Committee. Section 2.3(a) shall be read subject to the following:

For all matters in connection with LdT Product, the role of the Joint Steering
Committee is limited to the actions set out in Section 2.3 (a) (ii), (vii) and (xi)
of the Agreement. For this purpose, Novartis shall provide the JSC with the
Commercialization Report and a high-level update of its Development in the Novartis
Territory of the LdT Product every [**] months, unless otherwise agreed. Novartis
shall also provide appropriate updates on LdT Product launches and challenges faced.
In addition, the JSC shall, promptly after Idenix’ request if Idenix is concerned
that Novartis is not complying with its obligations in Section 2.1, meet
face-to-face to discuss Idenix’ concerns. Subject to the terms and conditions of
this Agreement, Novartis shall have full control over Development, Manufacture and
Commercialization of the LdT Product and, to the extent the JSC shall decide any
matter related to these areas, Novartis shall have a casting vote.

     (b) Joint Operations Committee. Section 2.3 (b) is deleted and any provisions
referring to a decision or approval of the JOC shall be deemed references to a decision or approval
of Novartis, subject to the terms and conditions of this Agreement.

     (c) Joint Manufacturing Committee. Section 2.3 (c) is deleted and any provisions
referring to a decision or approval of the JMC shall be deemed references to a decision or approval
of Novartis, subject to the terms and conditions of this Agreement.

     (d) Joint Country Commercialization Committee. Section 2.3 (d) is deleted and any
provisions referring to a decision or approval of the JCCC shall be deemed references to a decision
or approval of Novartis.

ARTICLE 4

DEVELOPMENT OF PRODUCTS

16

 

     4.2 Development Plan. Section 4.2 is deleted.

     4.3 Development Budget. Section 4.3 is deleted.

     4.4 Development Responsibilities. Section 4.4 is deleted and replaced by:

     4.4 Development Responsibilities. Novartis shall use Commercially
Reasonable Efforts to carry out Development activities in respect of the LdT Product
and to conduct the work in material compliance with all applicable Laws, including,
without limitation, Good Practices and export and import control laws. During the
[**] day period following the Amendment Effective Date, Idenix and Novartis shall
cooperate to transfer to Novartis the Ongoing Clinical Trials, including all related
clinical, technical and other relevant reports, records, data, information and
materials.

     4.6 Global Harmonized Clinical Trials. Section 4.6 is deleted and replaced by:

     4.6. Global Harmonized Clinical Trials. Novartis shall use
Commercially Reasonable Efforts to design and conduct Clinical Trials with respect
to LdT and the LdT Product in accordance with the Global Harmonized Clinical Trial
Guidelines.

     4.7 Regulatory Filings and Approvals. Sections 4.7 (a), (b) and (c) are deleted and
replaced by the Sections set out below. Sections 4.7 (d), (e), (f) and (g) are amended as set out
below.

     4.7 Regulatory Filings and Approvals.

     (a) Novartis Territory. In respect of the LdT Product, Novartis shall
be the Lead Regulatory Party for the Novartis Territory, and shall own all
Registration Filings (including NDAs, INDs and CTAs) and Regulatory Approvals with
respect to the LdT Product in the Novartis Territory. Idenix shall not utilize the
data contained in any Registration Filing with any Regulatory Authority without
Novartis’ prior written consent.

     (b) U.S. Territory. Idenix shall use Commercially Reasonable Efforts
within [**] days of the Amendment Effective Date to transfer and assign to Novartis
the Registration Filings (including NDAs and INDs) and Regulatory Approval of the
LdT Product in the U.S. Territory, and deliver to Novartis the registration
certificate, correspondence and complete regulatory file, including all clinical,
technical and other relevant reports, records, data, information and materials.

     (c) Assistance. Throughout the Term, Idenix shall provide to the
Regulatory Authorities and Novartis all information and assistance to maintain the
Registration Filings (including supplements, variations and line extensions) from
time to time. The Parties shall consider in good faith appropriate payment to
Idenix for time and expense where significant assistance is requested of Idenix.

     (d) Regulatory Coordination. Upon the transfer of the Registration Filings (including
NDAs and INDs) and the transfer of the Regulatory Approval of the LdT Product in the U.S. Territory
to Novartis, the second sentences in Section 4.7 (d) (i) and (ii) shall be deleted automatically.

     (e) Regulatory Meetings. The second sentence in Section 4.7 (e) is deleted.

     (f) Review of Correspondence. Section 4.7 (f) is deleted.

     (g) Review of Lead Regulatory Party Appointments. Section 4.7 (g) is deleted.

17

 

     (i) Pharmacovigilance and Safety Data Exchange. Sections 4.7 (i) (i) and (ii) are
deleted and replaced by:

     (i) Pharmacovigilance and Safety Data Exchange.

          (i) Novartis shall be responsible for pharmacovigilance and adverse events
reporting with respect to the LdT Product and Idenix shall not communicate with any
Regulatory Authority on these issues except at Novartis’ request or with its prior
approval, or as required by Law.

          (ii) Idenix shall promptly notify Novartis of all material information coming
into its possession during the Term concerning side effects, injury, toxicity or
sensitivity reactions, including non-trivial unexpected increased incidence and
severity thereof, associated with commercial or clinical uses, studies,
investigations or tests with the LdT Product (animal or human), throughout the
world, whether or not determined to be attributable to the LdT Product (“Adverse
Reaction Reports”). Idenix and its Affiliates shall assist Novartis and its
Affiliates by promptly obtaining any follow-up information to the initial report
from the reporter as reasonably requested by Novartis or its Affiliate.

          4.8 Manufacturing Capability Development. Section 4.8 is deleted.

ARTICLE 5

PRODUCT COMMERCIALIZATION

     5.1 Supply of Product. Section 5.1 is deleted and replaced by:

     5.1 Manufacture and Supply of LdT Product.

     (a) The Supply Agreement with respect to LdT Product shall be terminated as of
the Amendment Effective Date.

     (b) Novartis, its Affiliates or contractors shall manufacture and supply the
complete requirements of the LdT Product in the Novartis Territory, in material
compliance with all applicable Laws, including, without limitation, Good Practices
and export and import control laws.

     (c) Novartis shall bear all costs to manufacture the LdT Product.

     5.2 — 19 Co-Commercialization Countries. The following Sections are deleted in
their entirety and replaced by Sections 5.5, 5.10, 5.11, 5.12, 5.18 and 5.19 set out below:

     5.2 Commercialization of Products in Co-Marketing Countries.

     5.3 Commercialization of Products in Co-Commercialization Countries.

     5.4 Co-Commercialization Plans.

     5.5 Distribution and Sale of Product.

     5.6 Field Forces.

     5.7 Detailing.

     5.8 Training.

     5.9 Promotion Materials.

     5.10 Promotional Claims/Compliance.

     5.11 Reporting of Net Sales and Expenses.

     5.12 Country Co-Promotion Reports.

     5.13 Co-Promotion Payments.

18

 

     5.14 Medical and Consumer Inquiries.

     5.18 Pirate Goods.

     5.19 Phase IV Clinical Trials

     5.5 Distribution and Sale of the Product. Novartis (or its local
Affiliate) shall be responsible for the distribution and sale of the LdT Product and
for invoicing and booking sales in the Novartis Territory.

     5.10 Promotional Claims/Compliance. Idenix and its Affiliates shall
not carry out any Commercialization of, or make any claim regarding, the LdT Product
without Novartis’ approval. Neither Party shall make any medical or promotional
claims for the LdT Product beyond the scope of the relevant Regulatory Approval[s]
then in effect for the LdT Product or that are beyond the scope of or inconsistent
with the approved Novartis Promotional Materials. When distributing information
related to the LdT Product or its use (including information contained in scientific
articles, reference publications and publicly available healthcare economic
information), each Party and their respective Affiliates, shall comply with all
applicable Laws (and with respect to the U.S. Territory, in accordance with the
Pharmaceutical Research Manufacturers of America Code on Interactions with
Healthcare Professionals).

     5.11 Consolidated Net Sales Report. Novartis shall provide to Idenix
quarterly a Consolidated Net Sales Report within [**] Business Days (or earlier if
practicable) following the end of each calendar quarter provided that this
information is available within such period using Novartis’ then-current financial
reporting systems.

     5.12 Development and Commercialization Report. Novartis shall provide
to the JSC every [**] months, unless otherwise agreed, a Commercialization Report
and a high-level update of its Development in the Novartis Territory of the LdT
Product.

     5.18 Pirate Goods. Novartis shall use Commercially Reasonable Efforts
to prevent the trade in Pirate Goods in the Novartis Territory. Idenix shall inform
Novartis promptly where it becomes aware of the trade in Pirate Goods in the
Novartis Territory.

     5.19 Phase IV Clinical Trials. Subject to the provisions of
this Agreement, Novartis shall use Commercially Reasonable Efforts to comply with
any Phase IV Clinical Trial obligations, with respect to the LdT Product in any
country in the Territory, imposed by applicable Law or pursuant to the applicable
Regulatory Approvals.

ARTICLE 6

LICENSE GRANTS

     6.1 (b) HBV License. Section 6.1 (b) is deleted and replaced by:

          (b) LdT License.

          (i) Subject to the terms and conditions of this Agreement (including the
other subsections of this paragraph (b)), Idenix hereby grants to Novartis a right
and license (with the right to grant sublicenses only as permitted under Section
6.1(f)) under Idenix’ rights in the Idenix Intellectual Property and in the Joint
Intellectual Property to manufacture, have made, use, market and promote, import

19

 

and export, offer for sale, sell and distribute the LdT Product in the Field
within the Novartis Territory during the applicable Country Terms for the LdT
Product.

          (ii) The license granted to Novartis in subsection (i) shall be exclusive
(even with respect to Idenix) as to the Novartis Territory.

     6.1(f) Sublicensing and Extension of Rights. Section 6.1 (f) is deleted and replaced
by:

          (f) Sublicensing and Extension of Rights.

          (i) Subject to Section 6.1 (f) (iv), Novartis may extend to its Affiliates
the rights licensed to it pursuant to this Section 6.1, and Novartis may grant to
Third Parties sublicenses under the licenses granted to Novartis pursuant to
Section 6.1; provided that any sublicense is granted pursuant to a written
agreement that subjects the sublicensee to all relevant restrictions, limitations
and obligations in this Agreement, provided further that the sublicensee shall not
further sublicense except on terms consistent with this Agreement.

          (ii) In the event Novartis wishes to sublicense its entire rights to the LdT
Product under this Agreement to a Third Party, it shall provide to Idenix
information of the proposed sublicensee reasonably sufficient for Idenix to assess
the proposed sublicensee’s capability to perform the task, and obtain Idenix’
prior written consent to sublicense, which Idenix shall not unreasonably withhold
or delay.

          (iii) Novartis shall be primarily liable for the failure by the relevant
Affiliate or Third Party sublicensee to comply with, and Novartis guarantees to
Idenix the compliance by each of its Affiliate or Third Party sublicensees with
all relevant restrictions, limitations and obligations in this Agreement.

          (iv) Novartis shall provide Idenix with a copy of each executed sublicense
agreement within ninety (90) days after execution in the case of any sublicense
agreements that Idenix is required, pursuant to a written agreement with its
applicable licensor[s], to provide to its licensor[s].

     6.2(a) Development and Commercialization License. Section 6.2 (a) is deleted.

ARTICLE 8

FINANCIAL PROVISIONS

     8.3 Development Expenses. Section 8.3 is deleted and replaced by:

     8.3 Development Expenses. Novartis shall be solely responsible for all
expenses incurred with respect to the Development of LdT and the LdT Product
anywhere in the world on or after the Amendment Effective Date.

     8.4 Registration Expenses. Section 8.4 is deleted and replaced by:

     8.4 Registration Expenses. Novartis shall be responsible for
Registration Expenses for the LdT Product in the Novartis Territory.

     8.4A Additional Services. Section 8.4A is inserted immediately after
Section 8.4:

     8.4A Additional Services. Where Novartis requests Idenix to provide
significant time and input by way of assistance from time to time outside the

20

 

Transition Agreement, the Parties shall use good faith efforts to agree on the scope
of work, payment, expenses and other relevant terms as appropriate before starting
work.

     8.8A Royalty. Section 8.8A is inserted immediately after Section 8.8:

     8.8A Royalty.

     (a) Novartis shall pay to Idenix a royalty on Net Sales of the LdT Product by
Novartis, its Affiliates and Third Party sublicensees in the Novartis Territory, at
the respective rates for the U.S. Territory, Major EU Countries and Rest of World
Territory, for the respective Country Terms, as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Royalty Rate for Net Sales in Region
	 	 	 	 	 	 	Major EU	 	Rest of World
	Annual Net Sales of LdT Product	 	U.S.	 	Countries	 	Territory
	Less than or equal to US$[**]
	 	 	[**]	%	 	 	[**]	%	 	 	[**]	%
	More than US$[**] and less than or equal to US$[**]
	 	 	[**]	%	 	 	[**]	%	 	 	[**]	%
	More than US$[**] and less than or equal to US$[**]
	 	 	[**]	%	 	 	[**]	%	 	 	[**]	%
	More than US$[**]
	 	 	[**]	%	 	 	[**]	%	 	 	[**]	%

     (b) The amount of Net Sales per Region for each royalty tier shall be based on
the percentage the particular Region’s Net Sales are of the total Net Sales.

Example:

If Net Sales are US$[**] in the first quarter and US$[**] in the second quarter, and
of the US$[**], US$[**] is from the US, US$[**] from the Major EU Countries, and
US$[**] from the Rest of World Territory.

For the second quarter:

[**]% of the Net Sales would be apportioned to the US; [**]% to the Major EU
Countries; and [**]% to the Rest of World.

The total royalties payable would equal the sum of the royalties payable under the
remaining portion of the first tier and the amount payable under of the second tier,
i.e. the sum of:

     (i) the first tier of royalties, which is the sum of [**]% of US$[**]% of the
US$[**] from the first tier) for the US, [**]% of US$[**] for the Major EU
Countries, plus [**]% of US$[**]; and

     (ii) the second tier of royalties, which is [**]% of US$[**]% of US$[**], plus
[**]% of US$[**].

     Thus, the total royalties payable for the second calendar quarter would equal
US$[**].

     (c) For:

21

 

     (i) [**] that Novartis [**] with respect to the LdT Product [**] in the
Novartis Territory [**]; or

     (ii) [**] where Novartis has [**], if Novartis [**];

then the royalty payments [**] that Novartis would otherwise be required to make
pursuant to Section 8.8A in respect of the affected country [**].

     (d) If there is a reduction under Section 8.8A(d) for a country, the reduction
for the country shall be based on the weighted average royalty rate for that
country.

Example:

If Net Sales are US$[**] in the first quarter and $[**] in the
second quarter; of the US$[**], US[**] is from the US, US$[**]from the Major EU
Countries, and US$[**] from the Rest of World Territory; and Market Exclusivity
Rights are lost or not obtained in France where there were US$[**] Net Sales
for that quarter.

For the second quarter, the royalty calculated for the Net Sales for France, without
regard to the reduced rate, would be [**], that is US$[**].

The average weighted royalty rate would equal US$[**] / US$[**], or [**]%.

The royalty rate reduction would then equal [**]% of the amount, that is US$[**].

     (e) With its quarterly Consolidated Net Sales Report under Section 5.11,
Novartis shall provide to Idenix its calculation of the royalty payable for the
Novartis Territory by Region. Idenix shall invoice Novartis for the royalty.
Novartis shall pay Idenix the royalty within [**] days after its receipt of the
invoice.

     8.10 Audits. Idenix’ rights to audit Novartis in respect of the LdT Product shall be
limited to verifying the basis and accuracy of reporting and payment made by Novartis to Idenix
under Sections 5.11, 8.6 and 8.8A. The remaining terms of Section 8.10 shall continue to apply to
any audit conducted pursuant to this Section.

     8.13 Currency Exchange. Section 8.13 is deleted and replaced by:

     8.13 Currency Exchange. With respect to Net Sales invoiced and/or
expense incurred, all amounts shall be expressed in U.S. dollars. When conversion
of payments from any foreign currency is required to be undertaken by Novartis, the
U.S. dollar equivalent shall be calculated using Novartis’ then-current standard
exchange rate methodology as applied in its external reporting. All payments shall
be made in U.S. dollars.

ARTICLE 9

CONFIDENTIAL INFORMATION

     9.5 Publicity. Section 9.5 is deleted and replaced by:

     9.5 Publicity. Novartis shall have responsibility for and have control
over press releases, public announcements and other communication relating to this
Amendment No. 4 and to the LdT Product in the Territory, and may do so as it
reasonably determines; provided, that, with respect to any such communication which

22

 

describes the Agreement or the relationship between the Parties, Idenix shall
receive prior notice of, and a right to review, the intended press release or public
announcement if practicable under the circumstances and Novartis shall in good faith
consider any comments from Idenix with respect to such description. Idenix may
issue a press release or public announcement relating to this Amendment No. 4 or the
LdT Product subject to the prior written approval of Novartis, which approval shall
not be unreasonably withheld. Idenix may issue a press release or public
announcement on these subject matters if required by Law, including without
limitation by the rules or regulations of the United States Securities and Exchange
Commission or similar regulatory agency in a country other than the United States or
of any stock exchange or NASDAQ; provided that Idenix shall provide to Novartis [**]
days prior notice of the intended press release or public announcement, if
practicable under the circumstances, and Idenix shall include in the press release
or public announcement only information relating to the LdT Product or this
Amendment No. 4 as is required by Law.

ARTICLE 10

INTELLECTUAL PROPERTY OWNERSHIP, PROTECTION AND RELATED MATTERS

     10.1(aa) Idenix Solely Owned LdT Product Patent Rights. Section 10.1 (aa) is inserted
immediately after Section 10.1(a):

     10.1(aa) Idenix Solely Owned LdT Product Patent Rights. Idenix shall
assign all its rights, title and interest in and to its solely-owned LdT Product
Patent Rights to Novartis set out in Exhibit Y (“Idenix Solely Owned LdT Product
Patent Rights”). The Parties have executed the confirmatory assignment for the
Idenix solely-owned LdT Product Patent Rights set out in Exhibit U1 to this
Amendment No. 4. Idenix shall provide all information and assistance that is helpful
to facilitate the transfer and registration of the assignment of the LdT Product
Patent Rights or as specifically requested to be supplied, and deliver to Novartis
the registration certificates, correspondence and complete file, including all
reports, records, data, information and materials. Idenix shall facilitate the
continued prosecution of those Patent Rights, including instruction and continued
use of Idenix local counsel. Idenix shall assist Novartis in the preparation,
prosecution and enforcement of those Patent Rights, including execution of all documents
reasonably deemed necessary. Novartis
shall reimburse Idenix’ external costs and expenses for work undertaken at its
request promptly.

     10.2(aa) Idenix Co-Owned LdT Product Patent Rights. Section 10.2 (aa) is inserted
immediately after Section 10.2(a):

     10.2(aa) Idenix Co-Owned LdT Product Patent Rights. Notwithstanding
Section 10.2(a), Idenix shall be responsible at its own cost and expense for
prosecution and maintenance of the LdT Product Patent Rights co-owned by Idenix set
out in Exhibit Z (“Idenix Co-Owned LdT Product Patent Rights”). Idenix shall
keep Novartis fully informed on progress of prosecution and provide Novartis with
electronic access to its computer records. If at any time Novartis so requests,
Idenix shall act in accordance with Novartis’ instructions and use Commercial
Reasonable Efforts to assist Novartis in obtaining assignment of the Idenix LdT
Product Patent Rights, on terms acceptable to Novartis. Novartis shall reimburse
Idenix’ external costs and expenses for work undertaken at its rerquest promptly.

     10.2(c) Cooperation. The second sentence of Section 10.2(c) is deleted.

23

 

     10.2(d) Regulatory Matters and Extensions. The fifth sentence of Section 10.2(d) is
deleted and replaced by:

Novartis shall decide on which if any of the LdT Product Patent Rights Novartis
Patent Rights, Idenix Patent Rights and Joint Patent Rights for which to seek an
extension of term including pediatric exclusivity applicable to the LdT Product, and
the Parties shall cooperate and bear the costs thereof in the same manner as the
Parties bear the expenses for the filing, prosecution and maintenance of such Patent
Rights in accordance with the provisions of this Section 10.2.

     10.3 (aa) Idenix Licensed-In LdT Product Patent Rights. Section 10.3 (aa) is inserted
immediately after Section 10.3 (a):

     10.3(aa) Idenix Licensed-In LdT Product Patent Rights. At Novartis’
request, Idenix shall transfer to Novartis, to the extent possible, all rights it
has under Idenix licensed-in LdT Product Patent Rights and Know-How (“Idenix
Licensed-In LdT Product Patent Rights”), including but not limited to the one
set out in Exhibit AA. Idenix shall be responsible for royalty and license payments
due to the licensor of the Idenix Licensed-In LdT Product Patent Rights. The
Parties shall agree in good faith on the allocation of costs related to the
assignment before undertaking the assignment.

     10.3 (b) Co-Commercialization Countries and Co-Marketing Countries. Section 10.3 (b)
is deleted.

     10.4 Claimed Infringement. Section 10.4 is deleted and replaced by:

     10.4 Claimed Infringement. The provisions of this Section 10.4 shall be
subject to the provisions of Section 11.5, which shall govern as to both costs and
procedures in the event of infringement actions relating to the LdT Product brought
by a Third Party against Novartis and/or Idenix in which the Third Party claim[s],
if true, would constitute a breach of representation, warranty or obligation covered
by Section 11.5.

     (a) Notice. If either Party or its Affiliates shall learn of a claim or
assertion that Development, Manufacture, use, marketing, promotion, importation,
exportation, offer for sale, sale or distribution of the LdT Product infringes or
otherwise violates the intellectual property rights of any Third Party (a
“Claimed Infringement”), then the Party (or its Affiliate) becoming so
informed shall promptly notify the other Party of the Claimed Infringement in
writing.

     (b) Procedures. Novartis shall determine the appropriate course of
action with respect to any Claimed Infringement brought in any country. Idenix shall
assist and cooperate in infringement litigation at Novartis’ (or its Affiliates’)
reasonable request and expense. Each Party shall provide to the other Party copies
of any notices it receives from Third Parties regarding any patent nullity actions
or any declaratory judgment actions. Notices shall be provided promptly, but in no
event after more than fifteen (15) days following receipt. For clarification
purposes and without limitation to any other provisions of this Agreement, the
rights and obligations of the Parties under this paragraph shall be subject to the
provisions of Sections 8.7 and 11.5.

     10.5 Patent Invalidity Claim. Section 10.5 is deleted and replaced by:

     10.5(a) Patent Invalidity Claim. If a Third Party at any time asserts a
claim that any Collaboration Intellectual Property is invalid or otherwise
unenforceable (an “Invalidity Claim”), whether as a defense in an
infringement action brought by [a]

24

 

Party[ies] pursuant to Section 10.3, in an action brought against [a] Party[ies] under
Section 10.4 or otherwise, the Party becoming
aware of such assertion shall promptly notify the other Party in writing of such
claim. Novartis shall determine the appropriate course of action with respect to
any Invalidity Claim brought in any country. Idenix and its Affiliates shall, and
shall use their Commercially Reasonable Efforts, and at Idenix’ and its Affiliates’
sole expense, to cause Idenix’ or its Affiliates’ co-owners of LdT Product Patent
Rights to, assist and cooperate with Novartis in the preparation and formulation of
such response, and in taking other steps reasonably necessary to respond, to such
Invalidity Claim, including, if applicable, by joining as a party to any action, so
long as Idenix or its Affiliates remain as co-owners of LdT Product Patent Rights .

     10.5(b) Paragraph IV Notice. In the event that Idenix or its Affiliates
receives a patent certification notice in accordance with 21 U.S. C. §§
355(b)(2)(A)(iv) or (j)(2)(A)(vii)(IV), as amended (a “Paragraph IV Notice”),
relating to the LdT Product Patent Rights, Idenix, its Affiliates and co-owners of
LdT Product Patent Rights shall provide a copy of such Paragraph IV Notice to
Novartis promptly and in any event within [**] Business Days after receipt.

     10.8 Trademarks. Section 10.8 is amended to include Section 10.8 (aa) immediately
after Section 10.8(a). Section 10.8 (b) and (g) are deleted and replaced as set out below. Sections
10.8 (c), (d), (e) and (h) are deleted.

     (aa) Idenix assigns all its rights, title and interest in and to the Product
Trademarks and TYZEKA domain names, and all goodwill therein, to Novartis or its
Affiliate. The Parties have executed, or shall execute, the confirmatory assignment
for the Product Trademarks set out in Exhibit U2 to this Amendment No. 4. Idenix
shall provide all information and assistance that is helpful to facilitate the
transfer and registration of the assignment of the Product Trademarks or as
specifically requested to be supplied, and deliver to Novartis the registration
certificates, correspondence and complete file, including all reports, records,
data, information and materials. Novartis shall reimburse Idenix’ external costs and expenses for work
undertaken at its request promptly.

     (b) The LdT Product shall be promoted and sold, in accordance with the
provisions of this Agreement in the Novartis Territory under the Product Trademarks.
Novartis (or its local Affiliate or Third Party licensee as appropriate) shall own
and retain all rights to, and all goodwill associated with the Product Trademarks in
or specific to any country in the Novartis Territory. Novartis shall own rights to
any Internet domain names incorporating the applicable Product Trademarks or any
variation or part of the Product Trademarks as its URL address or part of the
address in the Novartis Territory. Novartis shall use Commercially Reasonable
Efforts to obtain, maintain and enforce the Product Trademarks during the Term.

     (g) Novartis shall use Commercially Reasonable Efforts to establish, maintain
and enforce the Product Trademarks during the Term, and shall bear the costs of such
efforts.

     10.9 Assistance. Section 10.9 is inserted immediately after Section 10.8

     10.9 Assistance. At Novartis’ sole discretion and request, Idenix shall
provide all assistance (including but not limited to document provision and expert
assistance) for patent infringement litigation or its preparation. Novartis shall
reimburse Idenix’ external costs and expenses for work undertaken at its request
promptly.

25

 

     10.10 License Back — LdT Product Patent Rights. Section 10.10 is inserted
immediately after Section 10.9

     10.10 License Back — LdT Product Patent Rights. Novartis grants to Idenix,
for the period of validity of patents within the LdT Product Patent Rights, a
perpetual, unrestricted, royalty free, fully paid up, worldwide, irrevocable
non-exclusive license to the LdT Product Patent Rights that were assigned to
Novartis by or pursuant to this Amendment No. 4, to practice, make and use the
inventions, ideas and information embodied in those Patent Rights, and to make, use,
sell, lease or import products, services, processes, methods and materials embodying
or deriving from the inventions, ideas and information in those Patent Rights,
excluding any use related to the making, using, selling, leasing or importing of the
LdT Product (or any portion thereof), any component thereof or any product or
service directed at HBV or HDV.

ARTICLE 11

REPRESENTATIONS, WARRANTIES AND ADDITIONAL COVENANT: INDEMNIFICATION

     11.5(d) and (e) Indemnification. Section 11.5 is amended to include Section 11.5 (d)
and (e) immediately after Section 11.5(c)(v):

     (d) University of Alabama proceedings and [**] proceedings.
Idenix shall retain sole responsibility for the defense and costs of and (if any)
payment of damages arising from any existing, pending or future proceedings related
to the University of Alabama relating to LdT, or related to [**]. Idenix shall
update Novartis promptly and regularly concerning the proceedings referred to above
related to the University of Alabama and [**].

     (e) Idenix represents and warrants that to the best of its knowledge the Patent
Rights listed in Exhibits Y, Z and AA are a complete list of all Patent Rights
owned, co-owned or licensed in by Idenix and its Affiliate, or under their control,
relating to LdT Product.

ARTICLE 12

TERM AND TERMINATION 

     12.6(b) Effect of Termination. Section 12.6(b) is deleted and replaced as set out
below:

     12.6(b) Effect of Termination. Upon termination of this Agreement by
Idenix pursuant to Section 12.3 or Section 12.5, or by Novartis pursuant to Section
12.4, with respect to the LdT Product (whether through a Product/Drug Specific
Termination, a Country-Specific Termination or an Entire Agreement Termination),
then with respect to the LdT Product:

          (i) all licenses (or, in the event of a Country-Specific Termination, all
licenses with respect to the LdT Product in the relevant country[ies], or in the
event of a Product/Drug Specific Termination, all licenses with respect to the LdT
Product or LdT, as applicable) granted by Idenix to Novartis shall terminate;

          (ii) at the election of Idenix made on or before the effective date of
termination, Idenix shall obtain the licenses relevant to the LdT Product that had
been or would have been granted to Idenix pursuant to Section 6.2 of the Prior
Agreement (which licences shall be on an irrevocable, perpetual and exclusive basis)

26

 

or to Section 12.5 (c) of the Supply Agreement, each as in effect as on the
Amendment Effective Date: provided that if election is not made on or before the
effective date of termination, no such licenses shall be granted;

          (iii) Idenix may exercise all other rights, and Novartis shall be bound to all
other obligations, described in the relevant termination and survival provisions of
the Prior Agreement and Section 12.5 (c) of the Supply Agreement, as in effect
immediately before the Amendment Effective Date, as if this Amendment No. 4 had not
become effective;

          (iv) Novartis shall immediately assign to Idenix all right, title and interest
in and to Product Trademarks and the TYZEKA domain names, and all goodwill for each
specific country this Agreement is terminated in respect of the LdT Product; and

          (v) Novartis shall use reasonable efforts to assist in the transfer of the LdT
Product and LdT Product Patent Rights to Idenix to the extent appropriate.

ARTICLE 13

MISCELLANEOUS

     13.5 Integration. Section 13.5 is amended to include reference to this Amendment No.4
and the Transition Agreement.

EXHIBITS

     The following Exhibits are deleted with respect to the LdT Product:

          Exhibit D — Supply Agreement

          Exhibit G — Procedures for Adverse Event and Other Safety Data Exchange,
Notification and Reporting

          Exhibit H — Development Plans

          Exhibit M —  Regulatory Tasks in U.S. Territory

          Exhibit N — Example of Adjustment for Failure to Perform PDEs

          Exhibit O — Commercialization and Marketing Guidelines

     The following Exhibits are added:

          Exhibit U1 — LdT Product Patent Rights Assignment

          Exhibit U2 — Trademark Assignment

          Exhibit V — Transferring Agreements, To Be Decided Agreements,
and Rejected Agreements

          Exhibit W — Ongoing and Planned Clinical Trials

          Exhibit X — Redacted Amendment No. 4

          Exhibit Y — Idenix Solely Owned LdT Product Patent Rights

          Exhibit Z — Idenix Co-Owned LdT Product Patent Rights

          Exhibit AA — Idenix In-Licensed LdT Product Patent Rights

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

27

 

Exhibit U1

LdT Product Patent Rights Assignment

PATENT ASSIGNMENT

     This Patent Assignment is made on [???] between [???](“Assignor”) and [???] (“Assignee”).

INTRODUCTION

     The Assignor and the Assignee are parties to a Development, License and Commercialization
Agreement, as amended on the same date as this Patent Assignment (the “DLC Agreement”), where the
Assignor agreed to assign to the Assignee the Patent Rights (as defined below).

     IN CONSIDERATION good and valuable consideration, including the mutual covenants under
the DLC Agreement, the parties agree:

1. Patent Rights. “Patent Rights” shall mean the patents and patent applications identified in the
Schedule and all substitutions, divisions, continuations, continuations-in-part, reissues,
reexaminations and extensions thereof and supplemental protection certificates relating thereto,
and all counterparts thereof or substantial equivalents in any country and any applications for any
of the above, including all rights to any of the above obtained through a license or other
agreement or arrangement with a third party.

2. Assignment. The Assignor assigns to the Assignee all of its title, rights and interest
throughout the world in the Patent Rights and all rights, claims and privileges relating to them,
including, without limitation, the right to sue and recover damages for past, present and future
infringement of the Patent Rights, and the right to prosecute and maintain the applications and
registrations for the Patent Rights.

3. Authorization. By this Patent Assignment, the Assignor authorizes empowered officials at patent
offices to transfer all applications and registrations for the Patent Rights to the Assignee as
assignee of the entire title, right and interest in the Patent Rights or otherwise as the Assignee
may direct, in accordance with this Patent Assignment, and to issue to the Assignee all patents
which may issue with respect to any applications.

4. Post-execution Steps. The Assignor will take all action and execute documents requested by the
Assignee from time to time that is reasonably necessary to vest fully or perfect in the Assignee
all title, right and interest in the Patent Rights. The above will include providing reasonable
assistance, documents and information useful or necessary to prosecute any application to register
or maintain a registration for the Patent Rights, and cooperating in the prosecution, defense and
enforcement of the Patent Rights, at the expense of the Assignee.

5. Terms. Notwithstanding the above, no provision of this Patent Assignment will in any way affect
the express provisions (including the representations, warranties, indemnity, rights or
obligations) in the DLC Agreement. In the event of any conflict or inconsistency between the terms
of this Assignment and the terms of the DLC Agreement, the DLC Agreement prevails.

6. Execution and delivery. This Patent Assignment may be executed in one or more counterparts,
each of which when executed will be deemed to be an original and all of which taken together will
constitute one agreement. Delivery of an executed counterpart of a signature page of this Patent
Assignment by facsimile will be effective as delivery of the actual executed counterpart of this
Patent Assignment.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

28

 

2

SCHEDULE

Patent Rights

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

EXECUTION The Assignor and Assignee execute this Patent Assignment as of the date set out
above.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ASSIGNOR:	 	 	 	ASSIGNEE:	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[NAME OF COMPANY]	 	 	 	[NOVARTIS ENTITY]	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	Title:
	 	 

	 	 	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

	 	 

29

 

Exhibit U2

Trademark Assignment

TRADEMARK ASSIGNMENT

     This Trademark Assignment is made on [???] between [???](“Assignor”) and Novartis
AG,, 4002 Basel, Switzerland (“Assignee”).

INTRODUCTION

     The Assignor and the Assignee are parties to a Development, License and Commercialization
Agreement, as amended on the same date as this Trademark Assignment (the “DLC Agreement”), where
the Assignor agreed to assign to the Assignee the Trademarks (as defined below).

     IN CONSIDERATION good and valuable consideration, including the mutual covenants under
the DLC Agreement, the parties agree:

1. Trademarks. “Trademarks” means the trade names, trademarks, service marks, trade dresses,
logos, designs and slogans, in word mark, stylized and/or design formats which are the subject of
the registrations and pending applications identified in the Schedule.

2. Assignment. The Assignor assigns to the Assignee all of its title, rights and interest
throughout the world in the Trademarks, and the applications and registrations relating to the
Trademarks, together with the goodwill of the business symbolized by the Trademarks and all rights,
claims and privileges pertaining to them, including, without limitation, the right to sue and
recover damages for past, present and future infringement of the Trademarks, and the right to
prosecute and maintain trademark applications and registrations for the Trademarks.

3. Authorization. By this Trademark Assignment, the Assignor authorizes empowered officials at
trademark offices to transfer all applications and registrations for the Trademarks to the Assignee
as assignee of the entire title, right and interest in the Trademarks or otherwise as the Assignee
may direct, in accordance with this Trademark Assignment, and to issue to the Assignee all
registrations which may issue with respect to any applications for the Trademarks.

4. Post-execution Steps. The Assignor will take all action and execute documents requested by the
Assignee from time to time that is reasonably necessary to vest fully or perfect in the Assignee
all title, right and interest in the Trademarks. The above will include providing reasonable
assistance, documents and information useful or necessary to prosecute any application to register
or maintain a registration for the Trademarks, and cooperating in the prosecution, defense and
enforcement of the Trademarks, at the expense of the Assignee.

5. Terms. Notwithstanding the above, no provision of this Trademark Assignment will in any way
affect the express provisions (including the representations, warranties, indemnity, rights or
obligations) in the DLC Agreement. In the event of any conflict or inconsistency between the terms
of this Assignment and the terms of the DLC Agreement, the DLC Agreement prevails.

6. Execution and delivery. This Trademark Assignment may be executed in one or more counterparts,
each of which when executed will be deemed to be an original and all of which taken together will
constitute one agreement. Delivery of an executed counterpart of a signature page of this
Trademark Assignment by facsimile will be effective as delivery of the actual executed counterpart
of this Trademark Assignment.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

30

 

2

SCHEDULE

Trademarks

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Application	 	 	Application	 	 	Registration	 	 	 	 	 	Date First	 
	 	Trademark	 	 	Serial No.	 	 	Filing Date	 	 	Number	 	 	Registration Date	 	 	Used	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

EXECUTION The Assignor and Assignee execute this Trademarks Assignment as of the date set
out above.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ASSIGNOR:	 	 	 	ASSIGNEE:	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	NOVARTIS AG	 	 	 	[NOVARTIS ENTITY]	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	Title:
	 	 

	 	 	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

	 	 

31

 

Exhibit V

Transferring Agreements, To Be Decided Agreements and Rejected Agreements

Agreements (a) of less than USD[**] annual value or (b) with contractual term
remaining of less than [**] from the Amendment Effective Date shall not be included unless
agreed with Novartis.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	To Be	 	 
	 	 	 	 	 	 	Transferring	 	Decided	 	Rejected
	1.	 	Third Party Name	 	Contract Title & Date	 	Agreement	 	Agreement	 	Agreement
	2.
	 	[**]	 	[**]	 	 	 	X	 	 
	3.
	 	[**]	 	[**]	 	 	 	X	 	 
	4.
	 	[**]	 	[**]	 	 	 	X	 	 
	5.
	 	[**]	 	[**]	 	 	 	X	 	 
	6.
	 	[**]	 	[**]	 	 	 	X	 	 
	7.
	 	[**]	 	[**]	 	 	 	X	 	 
	8.
	 	[**]	 	[**]	 	 	 	X	 	 
	9.
	 	[**]	 	[**]	 	 	 	X	 	 
	10.
	 	[**]	 	[**]	 	 	 	X	 	 
	11.
	 	[**]	 	[**]	 	 	 	X	 	 
	12.
	 	[**]	 	[**]	 	 	 	X	 	 
	13.
	 	[**]	 	[**]	 	 	 	X
Note 1.	 	 
	14.
	 	[**]	 	[**]	 	 	 	X	 	 
	15.
	 	[**]	 	[**]	 	 	 	X	 	 
	16.
	 	[**]	 	 	 	 	 	 	 	 
	17.
	 	[**]	 	[**]	 	 	 	X	 	 
	18.
	 	[**]	 	 	 	 	 	 	 	 
	19.
	 	[**]	 	 	 	 	 	X	 	 
	20.
	 	[**]	 	[**]	 	 	 	X	 	 
	21.
	 	[**]	 	[**]	 	 	 	X	 	 
	22.
	 	[**]	 	[**]	 	X	 	 	 	 
	23.
	 	[**]	 	[**]	 	X	 	 	 	 
	24.
	 	[**]	 	[**]	 	X	 	 	 	 
	25.
	 	[**]	 	[**]	 	 	 	X	 	 

32

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	To Be	 	 
	 	 	 	 	 	 	Transferring	 	Decided	 	Rejected
	1.	 	Third Party Name	 	Contract Title & Date	 	Agreement	 	Agreement	 	Agreement
	26.
	 	[**]	 	[**]	 	 	 	X	 	 
	27.
	 	[**]	 	[**]	 	 	 	X	 	 
	28.
	 	[**]	 	[**]	 	 	 	X	 	 
	29.
	 	[**]	 	[**]	 	 	 	 	 	X
Note 4.
	30.
	 	[**]	 	[**]	 	 	 	 	 	X
Note 4.
	31.
	 	[**]	 	[**]	 	 	 	 	 	X
	32.
	 	[**]	 	[**]	 	 	 	 	 	X
	33.
	 	[**]	 	[**]	 	 	 	 	 	X
	34.
	 	[**]	 	[**]	 	 	 	X	 	 
	35.
	 	[**]	 	[**]	 	 	 	X	 	 
	36.
	 	[**]	 	[**]	 	 	 	X	 	 
	37.
	 	[**]	 	[**]	 	 	 	 	 	Note 3.
	38.
	 	[**]	 	[**]	 	 	 	X	 	 
	39.
	 	[**]	 	[**]	 	 	 	X	 	 
	40.
	 	[**]	 	[**]	 	 	 	X	 	 
	41.
	 	[**]	 	[**]	 	 	 	X	 	 
	42.
	 	[**]	 	[**]	 	 	 	X	 	 
	43.
	 	[**]	 	[**]	 	 	 	X	 	 
	44.
	 	[**]	 	[**]	 	 	 	 	 	X
	45.
	 	[**]	 	[**]	 	 	 	X	 	 
	46.
	 	[**]	 	[**]	 	 	 	X	 	 
	47.
	 	[**]	 	[**]	 	 	 	X	 	 
	48.
	 	[**]	 	[**]	 	 	 	X	 	 
	49.
	 	[**]	 	[**]	 	 	 	X	 	 
	50.
	 	[**]	 	[**]	 	 	 	X	 	 
	51.
	 	[**]	 	[**]	 	 	 	 	 	X
	52.
	 	[**]	 	[**]	 	 	 	 	 	X
	53.
	 	[**]	 	[**]	 	 	 	 	 	X
	54.
	 	[**]	 	[**]	 	 	 	X	 	 

33

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	To Be	 	 
	 	 	 	 	 	 	Transferring	 	Decided	 	Rejected
	1.	 	Third Party Name	 	Contract Title & Date	 	Agreement	 	Agreement	 	Agreement
	55.
	 	[**]	 	[**]	 	 	 	 	 	X
	56.
	 	[**]	 	[**]	 	 	 	 	 	X
	57.
	 	[**]	 	[**]	 	 	 	X	 	 
	58.
	 	[**]	 	[**]	 	 	 	 	 	X
	59.
	 	[**]	 	[**]	 	 	 	X	 	 
	60.
	 	[**]	 	[**]	 	 	 	X	 	 
	61.
	 	[**]	 	[**]	 	 	 	X	 	 
	62.
	 	[**]	 	[**]	 	 	 	X	 	 
	63.
	 	[**]	 	[**]	 	 	 	 	 	X
	64.
	 	[**]	 	[**]	 	 	 	X	 	 
	65.
	 	[**]	 	[**]	 	 	 	 	 	X
	66.
	 	[**]	 	[**]	 	 	 	X	 	 
	67.
	 	[**]	 	[**]	 	 	 	X	 	 
	68.
	 	[**]	 	[**]	 	 	 	X	 	 
	69.
	 	[**]	 	[**]	 	 	 	 	 	Note 2.
	70.
	 	[**]	 	[**]	 	 	 	 	 	Note 2.
	71.
	 	[**]	 	[**]	 	 	 	 	 	Note 2.
	72.
	 	[**]	 	[**]	 	 	 	 	 	Note 2.
	73.
	 	[**]	 	[**]	 	 	 	X	 	 
	74.
	 	[**]	 	[**]	 	 	 	X	 	 
	75.
	 	[**]	 	[**]	 	 	 	 	 	X
	76.
	 	[**]	 	[**]	 	 	 	 	 	X
	77.
	 	[**]	 	[**]	 	 	 	 	 	X
	78.
	 	[**]	 	[**]	 	 	 	 	 	X
	79.
	 	[**]	 	[**]	 	 	 	 	 	X
	80.
	 	[**]	 	[**]	 	 	 	X	 	 
	81.
	 	[**]	 	[**]	 	 	 	X	 	 
	82.
	 	[**]	 	[**]	 	 	 	X	 	 
	83.
	 	[**]	 	[**]	 	 	 	X	 	 
	84.
	 	[**]	 	[**]	 	 	 	X	 	 

34

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	To Be	 	 
	 	 	 	 	 	 	Transferring	 	Decided	 	Rejected
	1.	 	Third Party Name	 	Contract Title & Date	 	Agreement	 	Agreement	 	Agreement
	85.
	 	[**]	 	[**]	 	 	 	X	 	 
	86.
	 	[**]	 	[**]	 	 	 	X	 	 
	87.
	 	[**]	 	[**]	 	 	 	X	 	 
	88.
	 	[**]	 	[**]	 	 	 	X	 	 
	89.
	 	[**]	 	[**]	 	 	 	X	 	 

Notes

 

			
	1.	 	[**].
	 
	2.	 	[**].
	 
	3.	 	[**].

35

 

Exhibit W

Ongoing and Planned Clinical Trials

Note: “CSR” means Clinical Study report

	 	 	 	 	 
	Study	 	Study Description	 	Status
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]
	[**]

	 	[**]
	 	[**]

36

 

Exhibit X

Redacted Amendment No. 4

37

 

Exhibit Y

Idenix Solely Owned LdT Patent Rights

I. IDX 1004 “Methods of Treating Hepatitis Delta Virus Infection with β-L-2’-Deoxynucleosides”

(Assignee: Idenix)

Confidential Materials omitted and filed separately with the Securities and Exchange Commission.

[**]

38

 

Exhibit Z

Idenix Co-Owned LdT Product Patent Rights

Confidential Materials omitted and filed separately with the Securities and Exchange Commission.

[**]

39

 

Exhibit AA

Idenix Licensed-In LdT Product Patent Rights

Confidential Materials omitted and filed separately with the Securities and Exchange Commission.

[**]

40

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