Document:

SUBLEASE

 Exhibit 10.5 
 SUBLEASE 
 This SUBLEASE is made as of February 2nd, 2006, by and between Antigenics, Inc., a Delaware corporation having an address at 630 Fifth Avenue, New York, New York 10111 (“Sublessor”) and
Omrix Biopharmaceuticals Inc., a Delaware corporation having an address at 708 Third Avenue, New York, New York 10017 (“Sublessee”). 
 WITNESSETH: 
 WHEREAS, pursuant to that Lease dated as of December 6, 1995, as amended by a First Amendment to Lease
dated as of October 23, 1996, a Second Amendment to Lease dated as of February 25, 2000 and a Third Amendment to Lease dated as of March 23, 2001 by and between RCPI Trust (as successor in interest to Rockefeller Center Properties),
as landlord (“Prime Lessor”) and Sublessor (as successor in interest to GHA Management Corporation as assigned by GHA Management Corporation to Sublessor pursuant to that certain Assignment of Lease dated as of January 3, 2000), as
tenant (such lease, as so amended, and all renewals, modifications and extensions thereof are hereinafter collectively referred to as the “Prime Lease”), a true and complete copy (less certain redacted information) of which is attached
hereto as Exhibit A, whereby Sublessor leases space on floor(s) 21 and 22 located in the building known as and numbered 630 Fifth Avenue, New York, New York (the “Building”) (all as more particularly described in the Prime
Lease the “Premises”); and 
 WHEREAS, Sublessee desires to sublease a portion of the Premises from Sublessor and Sublessor is
willing to sublease the same, all on the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties covenant and agree as follows: 
 1. Sublease of Subleased
Premises. For the rent and upon the terms and conditions herein, Sublessor hereby subleases to Sublessee, and Sublessee hereby subleases from Sublessor approximately 2,658 square feet of rentable space located on the 22nd floor as shown on
Exhibit B attached hereto (the “Subleased Premises”). During the term hereof, Sublessee shall have access to the Subleased Premises twenty-four (24) hours a day, 7 days a week, subject to the terms of this Sublease.
Sublessor also grants Sublessee the right to use, without additional charge during the term of this Sublease, those items of personal property located in the Subleased Premises on the date hereof (the “Furniture”), together with the
existing network wiring/equipment (including handsets), voicemail systems, internet access, security system (including door cards) (the “Systems”) and fixtures in the Subleased Premises as of the Commencement Date. Sublessor hereby
represents and warrants that the Systems are in good working order. Sublessor agrees to maintain the Systems in working order during the Term of the Sublease. Sublessor will provide Sublessee with the direct contact information of a technician or
equivalent person who is available during regular business hours to service the Systems and a contact for after-hours Systems services. Sublessee’s sole remedy in 

  

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the event of a violation of such representation and warranty is for Sublessee to receive from Sublessor the same level of service to Sublessee
as Sublessor provides itself. Notwithstanding the foregoing, Sublessee shall in no event be responsible for maintaining or repairing the Systems. Other than as set forth herein, Sublessee accepts possession of the Furniture, the Systems and fixtures
“as is, where is” and in their current condition, Sublessor having made no representation or warranty of any kind, express or implied (including, but not limited to, any warranty of fitness for any particular use or purpose or security
with respect to the voicemail or internet access connections) with respect to any of the same. Sublessor shall provide Sublessee with open connections for internet service and computer connections and the use of the existing security system and
telephone system in the Subleased Premises. Sublessee acknowledges and agrees that it is responsible for securing the telephone and internet connections and for the security of the Subleased Premises and any persons therein or thereon. For the
avoidance of doubt it is clarified that Sublessee emails and internet activity will not be recorded or otherwise accessible by Sublessor. Sublessee releases and indemnifies Sublessor and its directors, officers, agents and employees from any
liability with respect to the use/security of the telephone and internet connections and the security of the Subleased Premises and any persons therein or thereon. Sublessor agrees to allow Sublessee to use, without additional charge,
Sublessor’s receptionist services on the 21st floor of the Building. Upon the date on which this Sublease has been fully executed by Sublessor and Sublessee and the Prime Lessor has delivered the “Consent” as hereinafter defined,
Sublessee shall have the right to enter the Subleased Premises for the purposes of inspecting the Subleased Premises, taking measurements and preparing for the move into the Subleased Premises. Sublessor shall have the right to have a representative
present any time such early entry right is exercised. If Sublessee enters the Subleased Premises prior to the Commencement Date, Sublessee shall be responsible for complying with all of the terms of this Sublease and the Prime Lease to the extent
incorporated herein by reference, other than the payment of Rent. 
 2. Term. The Term of this Sublease shall commence upon the later
of: (i) February 15, 2006 and (ii) the date on which this Sublease has been fully executed by Sublessor and Sublessee and the Prime Lessor has delivered the “Consent” as hereinafter defined and (iii) the date the
“Rent” as hereinafter defined, is received by Sublessor (the “Commencement Date”), and shall expire at 11:59 p.m. on December 27, 2006 (the “Expiration Date”) or such earlier date upon which said term may expire,
be canceled or be terminated pursuant to any of the terms or provisions of the Prime Lease, this Sublease or applicable law. Following the Commencement Date, Sublessor will prepare and execute a written confirmation indicating the exact date of the
Commencement Date. In the event that the “Consent” is not delivered to the Sublessor by March 1st,
2006 this agreement may be terminated by either party with no liability to the Sublease or the Sublessor. 
 3. Appurtenant Rights.
Sublessee shall have, as appurtenant to the Subleased Premises, rights to use in common with Sublessor and others entitled thereto Sublessor’s rights in driveways, walkways, hallways, stairways and passenger elevators convenient for access to
the Subleased Premises and the lavatories nearest thereto as shown on Exhibit B attached hereto. 
  

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 4. Rent. Upon receipt of Prime Lessor’s consent to the Sublease, and prior to Sublessee
taking possession of the Subleased Premises, provided that Prime Lessor’s consent will be received by Sublessor by February 15th, 2006, Sublessee shall pay to Sublessor $160,363.64 as rent (the “Rent”) for this Sublease. In the event that Prime Lessor’s consent is received after Feb 15th 2006, the Rent will be reduced by $763.64 per business day from February 15th 2006 until the Prime Lessor’s consent is received by Sublessor. Sublessor shall forward such Rent to the Prime Lessor together with any additional rental
amounts owed solely by Sublessor for the Subleased Premises under the Prime Lease. Sublessor shall provide Sublessee with a copy of the monthly statement from Prime Lessor in respect of the Subleased Premises. Such statement shall confirm receipt of
such payment in respect of the Subleased Premises. Rent is intended to be gross rent and includes taxes, operating expenses, ordinary cleaning services, utilities, and heating and air conditioning (during normal business hours as set forth in the
Prime Lease) due under the Prime Lease. At all other times, Sublessee may request of Sublessor, and Sublessor shall request of Prime Lessor, that Sublessee be furnished heat, ventilation and air conditioning to the Subleased Premises. Sublessee
shall pay any charges that Prime Lessor charges to Sublessor in connection with such service but Sublessor will not charge any mark-up or fee above any amounts charged by Prime Lessor pursuant to the Prime Lease for the foregoing after-hours
services. 
 5. (Intentionally omitted) 
 6. Permitted Uses. Sublessee shall use the Subleased Premises only for general office uses and the uses permitted under the Prime Lease. Sublessee shall not do, suffer or permit anything to be done in or upon the Subleased Premises
except in accordance with and as permitted by the Prime Lease and applicable law. Sublessee shall comply with the certificate of occupancy relating to the Subleased Premises and with all laws, statutes, ordinances, orders, rules, regulations and
requirements of all federal, state and municipal governments and the appropriate agencies, officers, departments, boards and commissions thereof, and the board of fire underwriters and/or the fire insurance rating organization or similar
organization performing the same or similar functions, whether now or hereafter in force, applicable to the Subleased Premises. 
 7.
Condition of Subleased Premises. Sublessee represents that it has made or caused to be made a thorough examination and inspection of the Subleased Premises and is familiar with the condition of every part thereof. Sublessee agrees that,
except as expressly provided herein, (i) it enters into this Sublease without relying upon any representations, warranties or promises by Sublessor, its agents, representatives, employees, servants or any other person in respect of the Building
or the Subleased Premises, (ii) no rights, easements or licenses are acquired by Sublessee by implication or otherwise except as expressly set forth herein, (iii) Sublessor shall have no obligation to do any work in order to make the
Subleased Premises suitable and ready for occupancy and use by Sublessee and (iv) the Subleased Premises are in satisfactory condition. 
  

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 Sublessee shall make no alterations, installations, removals, additions or improvements in or to the
Subleased Premises or any other portion of the Building. 
 Sublessee shall keep and maintain the Subleased Premises, the Furniture, the
Systems and the fixtures and equipment therein clean and in good order, repair and condition, except for reasonable wear and tear and damage by fire or other casualty or condemnation. 
 Sublessee acknowledges and agrees that Sublessor shall have the right to repair and restore the direct access between the 21st and 22nd floors of the Premises upon reasonable notice to the Sublessee and at commercially reasonable times following the Commencement Date. 
 8. Insurance. Sublessee shall maintain throughout the term of this Sublease such insurance in respect of the Subleased Premises and the conduct and operation of business therein, with Sublessor and Prime Lessor
listed as additional insureds as is required of “Tenant” pursuant to the terms of the Prime Lease (including, without limitation, Section 6.1(k) as hereinafter incorporated by reference) with no penalty to Sublessor or Prime
Lessor resulting from deductibles or self-insured retentions effected in Sublessee’s insurance coverage, and with such other endorsements and provisions as Sublessor or Prime Lessor may reasonably request. If Sublessee fails to procure or
maintain such insurance and to pay all premiums and charges therefor within ten (10) days after notice from Sublessor, Sublessor may (but shall not be obligated to) do so, whereupon Sublessee shall reimburse Sublessor upon demand. All such
insurance policies shall, to the extent obtainable, contain endorsements providing that (i) such policies may not be canceled except upon thirty (30) days’ prior notice to Sublessor and Prime Lessor, (ii) no act or omission of
Sublessee shall affect or limit the obligations of the insurer with respect to any other named or additional insured and (iii) Sublessee shall be solely responsible for the payment of all premiums under such policies and Sublessor,
notwithstanding that it is or may be a named insured, shall have no obligation for the payment thereof. Such insurance shall otherwise be reasonably acceptable to Sublessor in both form and substance. On or before the Commencement Date, Sublessee
shall deliver to Sublessor and Prime Lessor a certificate evidencing the foregoing coverages. Any endorsements to such certificates shall also be delivered to Sublessor and Prime Lessor upon issuance thereof. Sublessee shall procure and pay for
renewals of such insurance from time to time before the expiration thereof, and Sublessee shall deliver to Sublessor and Prime Lessor such renewal certificates at least thirty (30) days before the expiration of any existing policy. In the event
Sublessee fails so to deliver any such renewal certificate at least thirty (30) days before the expiration of any existing policy, Sublessor shall have the right, but not the obligation, to obtain the same if Sublessee does not provide evidence
of the same within fifteen (15) days of request by Sublessor, where upon Sublessee shall reimburse Sublessor upon demand. Notwithstanding anything to the contrary contained herein, Sublessee shall be permitted to maintain insurance with respect
to the Subleased Premises pursuant to an umbrella insurance policy, provided that such umbrella insurance policy meets the insurance requirements of the Prime Lease. 
  

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 Sublessee shall include in all such insurance policies any clauses or endorsements in favor of Prime
Lessor including, but not limited to, waivers of the right of subrogation, which Sublessor is required to provide pursuant to the provisions of the Prime Lease. Sublessee releases and waives all claims against Sublessor for loss or damage to
Sublessee’s personal property and its alterations in the Subleased Premises, except to the extent arising from any negligence or willful misconduct of Sublessor or any of Sublessor’s employees, agents contractors or invitees. 

9. Indemnification. Sublessee agrees to protect, defend (with counsel reasonably approved by Sublessor), indemnify and hold Sublessor and Prime
Lessor and their respective directors, officers, agents and employees harmless from and against any and all liability, claims, suits, demands, judgments, costs, losses, interest and expenses (except to the extent arising from any negligence or
willful misconduct of Prime Lessor or Sublessor or their contractors, invitees, agents or employees), arising: (i) from the conduct or management of or from any work or thing whatsoever done in the Subleased Premises during the term hereof;
(ii) from any condition arising, and any injury to or death of persons, damage to property or other event occurring or resulting from an occurrence in the Subleased Premises during the term hereof; and (iii) from any breach or default on
the part of Sublessee in the performance of any covenant or agreement on the part of Sublessee to be performed pursuant to the terms of this Sublease or from any willful misconduct or negligence on the part of Sublessee or any of its agents,
employees, licensees, invitees or assignees or any person claiming through or under Sublessee. Sublessee further agrees to indemnify Sublessor and Prime Lessor and their respective officers, agents and employees from and against any and all
liability, claims, suits, demands, judgments, costs, losses, interest and expenses (including, without being limited to, reasonable attorneys’ fees and expenses), incurred in connection with any such indemnified claim or any action or
proceeding brought in connection therewith. The provisions of this Paragraph are intended to supplement any other indemnification provisions contained in this Sublease and in the Prime Lease to the extent incorporated by reference herein. Any
non-liability, indemnity or hold harmless provisions in the Prime Lease for the benefit of Prime Lessor that are incorporated herein by reference shall be deemed to inure to the benefit of Sublessor and Prime Lessor. The indemnity shall survive the
expiration or earlier termination of this Sublease. 
 10. No Assignment or Subletting. Sublessee shall not assign, sell, mortgage,
pledge or in any manner transfer this Sublease or any interest herein, or the term or estate granted hereby or the rentals hereunder, or sublet the Subleased Premises or any part thereof, or grant any concession or license or otherwise permit
occupancy of all or any part of the Subleased Premises by any person, without the prior written consent of Sublessor and Prime Lessor. Neither the consent of Sublessor or Prime Lessor to an assignment, subletting, concession, or license, nor the
references in this Sublease to assignees, subtenants, concessionaires or licensees, shall in any way be construed to relieve Sublessee of the requirement of obtaining the consent of Sublessor and Prime Lessor to any further assignment or subletting
or to the making of any assignment, subletting, concession or license for all or any part of the Subleased Premises. Notwithstanding any assignment or subletting, including, without limitation, any assignment or subletting permitted or consented to,
the original Sublessee named herein 

  

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and any other person(s) who at any time was or were Sublessee shall remain fully liable under this Sublease. If this Sublease is assigned, or if the
Subleased Premises or any part thereof is underlet or occupied by any person or entity other than Sublessee, Sublessor may, after default by Sublessee, following notice and the expiration of any cure period, collect rent from the assignee,
undertenant or occupant, and apply the net amount collected to the rents payable by Sublessee hereunder, but no assignment, underletting, occupancy or collection shall be deemed a waiver of the provisions hereof, the acceptance of the assignee,
undertenant or occupant as tenant, or a release of Sublessee from the further performance by Sublessee of the covenants hereunder to be performed on the part of Sublessee. Any attempted assignment or subletting without the prior written consent of
the Sublessor and the Prime Lessor shall be void. 
 11. Primacy and Incorporation of Prime Lease. 
 (a) This Sublease is and shall be subject and subordinate to the Prime Lease and to all matters to which the Prime Lease is or shall be subject and
subordinate, and to all amendments, modifications, renewals and extensions of or to the Prime Lease and Sublessor purports hereby to convey, and Sublessee takes hereby, no greater rights then those accorded to or taken by Sublessor as
“Tenant” under the terms of the Prime Lease. To the extent incorporated herein, Sublessee covenants and agrees that it will perform and observe all of the provisions contained in the Prime Lease to be performed and observed by the
“Tenant” thereunder as applicable to the Premises, other than the payment of rent. Notwithstanding the foregoing, Sublessee shall have no obligation to (i) cure any default of Sublessor under the Prime Lease unless directly and
actually caused by Sublessee’s default under this Sublease, (ii) perform any obligation of Sublessor under the Prime Lease which arose prior to the Commencement Date and Sublessor failed to perform, (iii) repair any damage to the
Premises caused by Sublessor, (iv) remove any alterations or additions installed within the Premises prior to the Commencement Date, (v) indemnify Sublessor or Prime Lessor with respect to any negligence or willful misconduct of Sublessor,
its agents, employees or contractors, or (vi) discharge any liens on the Premises or the Building which arise out of any work performed, or claimed to be performed, by or at the direction of Sublessor. Except to the extent inconsistent with the
context hereof, capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Prime Lease. Further, except as set forth below, the terms, covenants and conditions of the following specified provisions of the
Prime Lease are incorporated herein by reference as if such terms, covenants and conditions were stated herein to be the terms, covenants and conditions of this Sublease, so that except to the extent that they are inconsistent with or modified by
the provisions of this Sublease, for the purpose of incorporation by reference each and every referenced term, covenant and condition of the Prime Lease binding upon or inuring to the benefit of the “Landlord” thereunder shall, in respect
of this Sublease and the Subleased Premises, be binding upon or inure to the benefit of Sublessor, and each and every referenced term, covenant and condition of the Prime Lease binding upon or inuring to the benefit of the “Tenant”
thereunder shall, in respect of this Sublease, be binding upon or inure to the benefit of Sublessee, with the same force and effect as if such terms, covenants and conditions were completely set forth in this Sublease: Articles/Sections: 1.3, 1.6
(excluding the last sentence), 1.7 (wherever “Tenant” is 

  

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referenced replace with “Sublessor”), 3, 4, 6, 8, 11, 12, 14, 15, 16, 17, 18, 19, 21, 23, 25 (excluding 25.7 and 25.13), 29, 30 (excluding 30.5),
and Exhibit A; Paragraph 3 of the First Amendment to Lease; Paragraph 3 and Exhibit B of the Second Amendment to Lease; and the second grammatical paragraph of Paragraph 3(a), Paragraph 3(b) and Exhibit A of the Third Amendment to Lease.
Notwithstanding the foregoing, for purposes of this Sublease, as to such incorporated terms, covenants and conditions: 
  

	 	(i)	references in the Prime Lease to the “Premises” shall be deemed to refer to the “Subleased Premises” hereunder; 

  

	 	(ii)	references in the Prime Lease to “Landlord” and to “Tenant” shall be deemed to refer to “Sublessor” and “Sublessee” hereunder, respectively,
except that where the terms “Landlord” is used in the context of ownership or management of the entire Building, such term shall be deemed to mean “Prime Lessor”; 

  

	 	(iii)	references in the Prime Lease to “this Lease” shall be deemed to refer to “this Sublease” (except when such reference in the Prime Lease is, by its terms (unless
modified by this Sublease), a reference to any other section of the Prime Lease, in which event such reference shall be deemed to refer to the particular section of the Prime Lease); 

  

	 	(iv)	references in the Prime Lease to the “term commencement date” shall be deemed to refer to the “Commencement Date” hereunder; 

  

	 	(v)	references in the Prime Lease to the “fixed rent”, “additional rent” and “Rent” shall be deemed to refer to the “Rent” as defined hereunder

  

	 	(vi)	references in the Prime Lease to the “term” shall be deemed to refer to the “Term” of this Sublease. 

 Notwithstanding the foregoing, the following provisions of the Prime Lease, Exhibits and Schedules annexed thereto are not incorporated herein by
reference and shall not, except as to definitions set forth therein, have any applicability to this Sublease: Articles/Sections: 1.1, 1.2, 1.4, 1.5, the last sentence of 1.6, 2, 5, 7, 9, 10, 13, 20, 22, 24, 25.7, 25.13, 26, 27, 28, 30.5, 31, 32; the
First Amendment to Lease (excluding Paragraph 3); the Second Amendment to Lease (excluding Paragraph 3 and Exhibit B); and the Third Amendment to Lease (excluding the second grammatical paragraph of Paragraph 3(a), Paragraph 3(b) and Exhibit A).

  

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 Where reference is made in the following Sections to “Landlord”, the same shall be deemed to
refer only to “Prime Lessor”: Articles/Sections: 5, 8.2, 9, 10, 12 and 20. 
 Where reference is made in the following Sections to
“Landlord”, the same shall be deemed to refer to “Prime Lessor” and “Sublessor”: Articles/Sections: 6.1(b), 6.1(c), 6.1(e), 6.1(g), 6.1(j), 8.1, 19, 23 and 25.2. 
 (b) Notwithstanding such incorporation by reference, Sublessee acknowledges that pursuant to the Prime Lease, certain services, repairs, restorations,
equipment and access to and for the Premises and insurance coverage of the Building are in fact to be provided by Prime Lessor and Sublessor shall have no obligation during the Term of this Sublease to provide any such services, repairs,
restorations, equipment, access or insurance coverage. Sublessee agrees to look solely to Prime Lessor for the furnishing of such services, repairs, restorations, equipment, access and insurance coverage. Sublessor shall cooperate reasonably with
Sublessee in obtaining for Sublessee’s benefit the performance by Prime Lessor of its obligations under the Prime Lease, but Sublessor shall in no event be liable to Sublessee, nor, except as otherwise expressly set forth in the casualty or
condemnation provisions of the Prime Lease, shall the obligations of Sublessee hereunder be impaired or the performance thereof excused because of any failure or delay on Prime Lessor’s part in furnishing such services, repairs, restorations,
equipment, access or insurance coverage. 
 (c) Notwithstanding anything to the contrary contained in the Prime Lease, the time limits (the
“Notice Periods”) contained in the Prime Lease for the giving of notices, making of demands or performing of any act, condition or covenant on the part of the “Tenant” (including any grace periods set forth in Article 15 of the
Prime Lease), thereunder, or for the exercise by the “Tenant”, thereunder of any right, remedy or option, are changed for the purposes of incorporation herein by reference by shortening the same in each instance by five (5) days (or
by three (3) days if the notice period is ten (10) days or less), so that in each instance Sublessee shall have five (5) (or three (3), as applicable) fewer days to observe or perform hereunder than Sublessor has as the
“Tenant” under the Prime Lease; provided, however, that if the Prime Lease allows a Notice Period of five (5) days or less, then Sublessee shall nevertheless be allowed the number of days equal to one-half of the number
of days in each Notice Period to give any such notices, make any such demands, perform any such acts, conditions or covenants or exercise any such rights, remedies or options; provided, further, that if one-half of the number of days in the Notice
Period is not a whole number, Sublessee shall be allowed the number of days equal to one-half of the number of days in the Notice Period rounded up to the next whole number. 
 (d) Notwithstanding anything to the contrary contained in this Sublease (including, without limitation, the provisions of the Prime Lease incorporated
herein by reference), Sublessor makes no representations or warranties whatsoever with respect to the Subleased Premises, this Sublease, the Prime Lease or any other matter, either express or implied, except as expressly set forth herein, and except
that Sublessor represents and warrants, as of the date of execution hereof, (i) that it is the holder of the interest of the “Tenant” under the Prime Lease and said interest is not the subject of any 

  

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lien, assignment, conflicting sublease, or other hypothecation or pledge; (ii) that the Prime Lease is in full force and effect, unmodified and
constitutes the entire agreement between the Prime Lessor and Sublessor in respect of the Subleased Premises; (iii) that no notices of default have been served on Sublessor under the Prime Lease which have not been cured; and (iv) to the
best of Sublessor’s knowledge, neither Sublessor nor Prime Lessor is in default under the Prime Lease. 
 12. Certain Services and
Rights. Except to the extent otherwise expressly provided herein, the only services or rights to which the Sublessee is entitled hereunder, including without limitation rights relating to the repair, maintenance and restoration of the Subleased
Premises, are those services and rights to which Sublessor is entitled under the Prime Lease. Sublessee acknowledges and agrees that Sublessor shall have no obligation to furnish any services whatsoever to Sublessee, any such obligation being that
of the Prime Lessor under the Prime Lease, and that, as set forth in Paragraph 11(b) hereof, the sole obligation of Sublessor hereunder with respect to such services is to cooperate reasonably with Sublessee to obtain Prime Lessor’s
performance. 
 13. Compliance with Prime Lease. Sublessee acknowledges that it has been furnished with a copy of and has reviewed the
Prime Lease. Sublessee shall neither do nor knowingly permit anything to be done which would cause the Prime Lease to be terminated or forfeited by reason of any right of termination or forfeiture reserved or vested in Prime Lessor under the Prime
Lease, and Sublessee shall defend, indemnify and hold Sublessor harmless from and against any and all liability, claims, suits, demands, judgments, costs, losses, interest and expenses (including, without being limited to, reasonable attorneys’
fees and expenses) of any kind whatsoever by reason of any breach or default on the part of Sublessee by reason of which the Prime Lease may be terminated or forfeited. Sublessee covenants and agrees that Sublessee will not do anything which would
constitute a default under the provisions of the Prime Lease or omit to do anything which Sublessee is obligated to do under the terms of this Sublease, that would constitute a default under the Prime Lease. 
 14. Default. In the event that Sublessee shall default in any of its obligations hereunder beyond applicable cure periods, including any default
of the nature described in the Prime Lease beyond applicable cure periods, Sublessor shall have available to it all of the rights and remedies available to Prime Lessor under the Prime Lease, including without limitation Article 15 thereof as and to
the extent incorporated herein by reference, as though Sublessor were the “Landlord” thereunder and Sublessee the “Tenant” thereunder. Sublessee further agrees to reimburse Sublessor for all costs and expenses, including
reasonable attorneys’ fees, incurred by Sublessor in asserting or enforcing its rights hereunder against Sublessee or any other party. 
 15. Brokerage. Sublessee and Sublessor represent that they have not dealt with any broker in connection with this Sublease. Each party agrees to indemnify and hold harmless the other from and against any and liability, claims,
suits, demands, judgments, costs, losses, interest and expenses (including, without being limited to, reasonable attorneys’ fees and expenses) which the indemnified party may be subject to or suffer by reason of any claim made by any person,
firm or corporation for any 

  

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commission, expense or other compensation as a result of the execution and delivery of this Sublease, which is based on alleged conversations or negotiations
by said person, firm or corporation with the indemnifying party. 
 16. (Intentionally omitted) 
 17. Notices. All notices, consents, approvals, demands, bills, statements and requests which are required or desired to be given by either party
to the other hereunder shall be in writing and shall be governed by Article 14 of the Prime Lease as incorporated herein by reference, except that the mailing addresses for Sublessor and Sublessee shall initially be those first set forth above, and
after the Commencement Date, to Sublessee at the Subleased Premises, with a copy of all default and termination notices to Skadden, Arps, Slate, Meagher & Flom LLP, 4 Times Square, New York, New York 10036, Attention: Marco Caffuzzi.
Sublessee shall mail a copy of all notices to Sublessor at 3 Forbes Road, Lexington, MA 02421, attention: general counsel. Communications and payments to the Prime Lessor shall be given in accordance with, and subject to, Article 14 of the Prime
Lease. 
 18. Interpretation. This Sublease shall be construed without regard to any presumption or other rule requiring construction
against the party causing this Sublease to be drafted. Each covenant, agreement, obligation or other provision of this Sublease shall be deemed and construed as a separate and independent covenant of the party bound by, undertaking or making the
same, which covenant, agreement, obligation or other provision shall be construed and interpreted in the context of the Sublease as a whole. All terms and words used in this Sublease, regardless of the number or gender in which they are used, shall
be deemed to include any other number and any other gender as the context may require. The word “person” as used in this Sublease shall mean a natural person or persons, a partnership, a corporation or any other form of business or legal
association or entity. Terms used herein and not defined shall have the meaning set forth in the Prime Lease.  
 19. Fire or
Casualty; Eminent Domain. In the event the Subleased Premises (or access thereto or systems serving the same) are subjected to a fire or other casualty or to a taking by eminent domain that interferes with the use and enjoyment by Sublessee of a
material portion of the Subleased Premises, Sublessee shall be entitled to an equitable adjustment of Rent until tenantable occupancy is restored. At any time that such interference has not been remedied and tenantable occupancy restored after
ninety (90) days from the date such interference was first experienced, Sublessee may, by notice to Sublessor, terminate this Sublease. In the event of any taking of the Subleased Premises, Sublessee assigns to Prime Lessor any right Sublessee
may have to any damages or award. Sublessee shall not make claims against Sublessor, Prime Lessor or the condemning authority for damages. 
 20. Signage. Subject to the consent of Prime Lessor as required under the Prime Lease, if any, Sublessee has the right, at its sole cost and expense, to install signage consistent with Sublessor’s signage and that of any other
subtenants on the Building lobby directory and on the entrance to the Subleased Premises. 
  

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 21. Right to Cure Sublessee’s Defaults. If Sublessee shall at any time fail to make any
payment or perform any other obligation of Sublessee hereunder, then Sublessor shall have the right, but not the obligation, after notice to Sublessee, or without notice to Sublessee in the case of any emergency, and without waiving or releasing
Sublessee from any obligations of Sublessee hereunder, to make such payment or perform such other obligation of Sublessee in such manner and to such extent as Sublessor shall deem necessary, and in exercising any such right, to pay any incidental
costs and expenses, employ attorneys, and incur and pay reasonable attorneys’ fees. Sublessee shall pay to Sublessor upon demand as additional rent all sums so paid by Sublessor and all incidental costs and expenses of Sublessor in connection
therewith, together with interest thereon at an annual rate equal to the rate two percent (2%) above the base rate or prime rate then announced as such by the Wall Street Journal, or the maximum rate permitted by law. Such interest shall
be payable with respect to the period commencing on the date such expenditures are made by Sublessor and ending on the date such amounts are repaid by Sublessee. The provisions of this Paragraph shall survive the Expiration Date or the sooner
termination of this Sublease. 
 22. Termination of Prime Lease. If for any reason the term of the Prime Lease shall terminate prior
to the Expiration Date, this Sublease shall thereupon automatically terminate as to the premises demised under the Prime Lease and Sublessor shall not be liable to Sublessee by reason thereof; provided, however, that Sublessor agrees
that so long as Sublessee is not in default hereunder, Sublessor shall not voluntarily surrender the Prime Lease, except in accordance with rights expressly reserved to Sublessor as “Tenant” under the Prime Lease, including, without
limitation, such rights as are available under Articles 9 and 10 of the Prime Lease in the event of a taking or casualty. Notwithstanding the foregoing, if the Prime Lease gives Sublessor any right to terminate the Prime Lease in the event of the
partial or total damage, destruction, or condemnation of the Subleased Premises or the Building, the exercise of such right by Sublessor shall not constitute a default or breach hereunder. Nothing herein shall prevent an assignment of the Prime
Lease or the subleasing of additional space covered by the Prime Lease to any third parties and in no event shall Sublessor have any liability to Sublessee for any defaults or termination of the Prime Lease by such other subtenants or defaults under
such other subleases. 
 Upon the expiration or termination of this Sublease, whether by forfeiture, lapse of time or otherwise, or upon the termination of
Sublessee’s right of possession, Sublessee shall (i) remove and restore any and all signage it may have installed and such alterations, installations, additions and improvements as Sublessor may have specified at the time Sublessor
consented to the same and (ii) at once surrender and deliver the Subleased Premises, the Furniture and the Systems in the condition and repair required by, and in accordance with the provisions of, this Sublease and the Prime Lease, including
without limitation Section 6.1(h) of the Prime Lease as incorporated herein by reference, including the Furniture and the Systems which shall be in the same condition as at the date hereof, reasonable wear and tear excepted. If Sublessee shall
fail to remove any of Sublessee’s property from the Subleased Premises, such property shall be deemed abandoned, and Sublessor is hereby authorized, without liability to Sublessee for loss or damage thereto, at the sole risk of Sublessee, to
(a) remove and store such property at 

  

 11 

 
Sublessee’s expense; (b) retain such property, in which case all right, title and interest therein shall accrue to Sublessor; or, (c) sell
such property and retain the proceeds from such sale, or otherwise dispose or destroy such property. 
 23. Consents and Approvals.
All references in this Sublease to the consent or approval of Prime Lessor and/or Sublessor shall be deemed to mean the written consent or approval of Prime Lessor and/or Sublessor, as the case may be, and no such consent or approval of Prime Lessor
and/or Sublessor, as the case may be, shall be effective for any purpose unless such consent or approval is set forth in a written instrument executed by Prime Lessor and/or Sublessor, as the case may be. In all provisions requiring the approval or
consent of Sublessor (whether pursuant to the express terms of this Sublease or the terms of the Prime Lease incorporated herein), Sublessee shall be required to obtain the approval or consent of Prime Lessor and then to obtain like approval or
consent of Sublessor. If Sublessor is required or has determined to give its consent or approval to a matter as to which consent or approval has been requested by Sublessee, Sublessor shall cooperate reasonably with Sublessee in endeavoring to
obtain any required Prime Lessor’s consent or approval upon and subject to the following terms and conditions: (i) Sublessee shall reimburse Sublessor for any reasonable out-of-pocket costs incurred by Sublessor in connection with seeking
such consent or approval, (ii) Sublessor shall not be required to make any payments to Prime Lessor or to enter into any agreements or to modify the Prime Lease, or this Sublease in order to obtain any such consent or approval, (iii) if
Sublessee agrees or is otherwise obligated to make any payments to Sublessor, or Prime Lessor in connection with such request for such consent or approval, Sublessee shall have made arrangements satisfactory to Sublessor for such payments and
(iv) Sublessee shall indemnify and hold Sublessor harmless from and against all liability, claims, suits, demands, judgments, costs, losses, interest and expenses (including, without being limited to, reasonable attorneys’ fees and
expenses) Sublessor shall suffer or incur in connection with seeking such consent or approval. Nothing contained in this Article shall be deemed to require Sublessor to give any consent or approval simply because Prime Lessor has given such consent
or approval and, unless provision to the contrary is expressly made herein, Sublessor’s consent may be withheld at its sole election. Notwithstanding anything to the contrary contained in this Sublease, Sublessee shall not be required to
reimburse Sublessor or Prime Lessor for any costs incurred by either of them in connection with seeking the Consent. 
 24. No Privity of
Estate. Nothing contained in this Sublease shall be construed to create privity of estate or of contract between Sublessee and Prime Lessor and Prime Lessor is not obligated to recognize or to provide for the non-disturbance of the rights of
Sublessee hereunder. 
 25. No Waiver. The failure of Sublessor to insist in any one or more cases upon the strict performance or
observance of any obligation of Sublessee hereunder or to exercise any right or option contained herein shall not be construed as a waiver or relinquishment for the future of any such obligation of Sublessee or any right or option of Sublessor.
Sublessor’s receipt and acceptance of Rent or Sublessor’s acceptance of performance of any other obligation by Sublessee, with knowledge of Sublessee’s 

  

 12 

 
breach of any provision of this Sublease, shall not be deemed a waiver of such breach. No waiver by Sublessor of any term, covenant or condition of this
Sublease shall be deemed to have been made unless expressed in writing and signed by Sublessor. 
 26. Complete Agreement. This
Sublease constitutes the entire agreement between the parties and there are no representations, agreements, arrangements or understandings, oral or written, between the parties relating to the subject matter of this Sublease which are not fully
expressed in this Sublease. This Sublease cannot be changed or terminated orally or in any manner other than by a written agreement executed by both parties. This Sublease shall not be binding upon either party unless and until it is signed and
delivered by and to both parties. This Sublease may be executed in several counterparts, each of which shall be deemed an original, and all of such counterparts together shall constitute one and the same instrument. 
 27. Successors and Assigns. The provisions of this Sublease, except as herein otherwise specifically provided, shall extend to bind and inure to
the benefit of the parties hereto and their respective personal representatives, heirs, successors and permitted assigns. 
 28. Waiver of
Jury Trial and Right to Counterclaim. The parties hereto hereby waive any rights which they may have to trial by jury in any summary action or other action, proceeding or counterclaim arising out of or in any way connected with this Sublease,
the relationship of Sublessor and Sublessee, the Subleased Premises and the use and occupancy thereof, and any claim for injury or damages. Sublessee also hereby waives all right to assert or interpose a counterclaim in any summary proceeding or
other action or proceeding to recover or obtain possession of the Subleased Premises. The parties hereto hereby waive any rights which they may have to trial by jury in any summary action or other action, proceeding or counterclaim arising out of or
in any way connected with this Sublease, the relationship of Sublessor and Sublessee, the Subleased Premises and the use and occupancy thereof, and any claim for injury or damages. Sublessee also hereby waives all right to assert or interpose a
counterclaim (other than mandatory or compulsory counterclaims) in any summary proceeding or other action or proceeding to recover or obtain possession of the Subleased Premises. 
 29. Estoppel Certificates. Sublessee shall, within ten (10) days after each and every request by Sublessor (but in no event shall Sublessor
make such request more than once per month), execute, acknowledge and deliver to Sublessor or any party reasonably designated by Sublessor, without cost or expense to Sublessor, a statement in writing (a) certifying that this Sublease is
unmodified and, to the best knowledge of Sublessee, is in full force and effect (or if there have been modifications, that the same is in full force and effect as modified, and stating such modifications); (b) specifying the dates to which Rent
has been paid; (c) stating whether or not, to the best knowledge of Sublessee, Sublessor is in default in the performance or observance of its obligations under this Sublease and, if so, specifying each such default; (d) stating whether or
not, to the best knowledge of Sublessee, any event has occurred which, with the giving of notice or passage of time, or both, would constitute a default by Sublessor under this Sublease, and, if so, specifying each such default; (e) stating
whether or not, to the best 

  

 13 

 
knowledge of Sublessee, any event has occurred which, with the giving of notice or passage of time, or both, would constitute a default by Prime Lessor under
the Prime Lease with respect to the Subleased Premises, and, if so, specifying such event; (f) describing all notices of default submitted by Sublessee to Sublessor and Prime Lessor with respect to this Sublease, or the Prime Lease from and
after the date hereof; and (g) containing such other information with respect to the Subleased Premises or this Sublease as Sublessor shall reasonably request. Sublessee hereby acknowledges and agrees that any such statement delivered pursuant
to this Paragraph may be relied upon by any prospective assignee, transferee or mortgagee of the leasehold estate of Sublessor under the Prime Lease. Notwithstanding the foregoing, Sublessee acknowledges and agrees to deliver the aforementioned
statement whenever requested by Prime Lessor. 
 30. Consent of Prime Lessor. This Sublease is subject to the approval and consent of
Prime Lessor, which Sublessor agrees to use diligent efforts to obtain. This Sublease shall not become effective unless and until a written approval and consent (the “Consent”) is executed and delivered by the Prime Lessor, which Consent
shall consent to this Sublease. After the Sublessor receives the Consent from the Prime Lessor, Sublessor agrees to promptly deliver a fully-executed original of the Consent to Sublessee. The effectiveness of this Sublease is subject to and
conditional upon the receipt by Sublessor and Sublessee of the Consent. To the extent that Sublessor has not already done so, upon execution of this Sublease by Sublessee, Sublessor will promptly apply to the Prime Lessor for the Consent and
Sublessor will promptly inform Sublessee as to receipt of the Consent (if and when it is received) and deliver to Sublessee a copy of the same. 
 31. Limitation of Liability. No director, officer, shareholder, employee, adviser or agent of Sublessor shall be personally liable in any manner or to any extent under or in connection with this Sublease. In no event shall Sublessor
or any of its directors, officers, shareholders, employees, advisers or agents be responsible for any consequential, indirect or special damages or interruption or loss of business, income or profits, or claims for constructive eviction, nor shall
Sublessor be liable for loss of or damage to artwork, securities or other valuables, or for other property not in the nature of ordinary fixtures, furnishings and equipment used in general administrative office activities. 
 32. Holdover. If Sublessee shall fail to surrender and deliver the Subleased Premises as and when required hereunder, Sublessee shall become a
tenant at sufferance only, subject to all of the terms, covenants and conditions herein specified, including but not limited to the hold-over rental set forth in the Prime Lease. Sublessee agrees to protect, defend (with counsel reasonably approved
by Sublessor), indemnify and hold harmless Sublessor and its officers, directors, agents and employees from and against any and all liability, claims, suits, demands, judgments, costs, losses, interest and expenses (including, without being limited
to, reasonable attorneys’ fees and expenses) that Sublessor may suffer by reason of any holdover by Sublessee hereunder. The terms and provisions of this Paragraph 32 shall survive the expiration or earlier termination of this Sublease.

  

 14 

 33. Recording. Sublessor and Sublessee agree that neither party may record this Sublease.

 34. Attorney’s Fees. If either Sublessor or Sublessee shall bring any action or legal proceeding for an alleged breach of any
provision of this Sublease, to recover Rent, to terminate this Sublease or otherwise to enforce, protect or establish any term or covenant of this Sublease, the prevailing party shall be entitled to recover as a part of such action or proceeding, or
in a separate action brought for that purpose, reasonable, actual and documented attorneys’ fees, court costs, and expert fees as may be fixed by the court. 
 35. Confidentiality. Each party hereto agrees that this Sublease, including all terms and provisions hereof, is confidential, provided each party may disclose terms on a confidential basis (i) to its
agents, attorneys, and consultants; (ii) to Prime Lessor; (iii) to the extent required by law; and (iv) in connection with any legal action to enforce the terms of this Sublease. 
 36. Governing Law. This Sublease is made under, and shall be construed in accordance with, the laws of the State of New York. 
 [SIGNATURE PAGE FOLLOWS] 
  

 15 

 IN WITNESS WHEREOF, Sublessor and Sublessee have executed this Sublease as a sealed instrument as of the
date first written above. 
  

					
	 Antigenics, Inc.,
(Sublessor)

		
	By:	 	 /s/ P. Thornton

		 	 Name: P. Thornton

		 	 Title: SVP and CFO

	
	 Omrix Biopharmaceuticals Inc.,
(Sublessee)

		
	By:	 	 /s/ Michael Burshtine

		 	 Name: Michael Burshtine

		 	 Title: SVP and CFO

  

 16 

 EXHIBIT A 
 PRIME LEASE 
 [SEE ATTACHED] 
  
 17 
  

[Filed as Exhibit 10.20 to our registration statement on Form S-4 (File No. 333-46168) and incorporated herein by reference.] 
  

 EXHIBIT B 
 PLAN SHOWING SUBLEASED PREMISES 
 [SEE ATTACHED] 
  
 18 
  

[Floor plan graphic omitted as not material to investors.]EXECUTIVE CHANGE OF CONTROL PLAN

 CONFIDENTIAL 
 EXHIBIT 10.33 
 ANTIGENICS INC. 
 EXECUTIVE CHANGE OF CONTROL PLAN 
 Subject to the terms and conditions
hereinafter set forth, Antigenics, Inc., a Delaware corporation, has established this Executive Change of Control Plan (the “Plan”) to offer certain compensation and benefits to certain Executives (as defined herein) in the event of a
Change of Control (as defined herein), subject to the terms and conditions set forth in this Plan and the Participation Agreement to be executed by each Executive wishing to participate in this Plan, a form of which is attached hereto as Exhibit
A (the “Participation Agreement”). 
 1. Definitions. For purposes of this Plan, the following definitions apply:

 (a) “Affiliates” means all persons and entities directly or indirectly controlling, controlled by or under common
control with the Company, where control may be by either management authority or equity interest. 
 (b) “Cause”, as
determined by the Company, means: (i) Executive’s willful failure to perform (other than by reason of disability), or material negligence in the performance of, his/her duties and responsibilities to the Company or any of its Affiliates;
or (ii) material breach by Executive of any provision of this Plan or the Participation Agreement; or (iii) other conduct by Executive that is materially harmful to the business, interests or reputation of the Company or any of its
Affiliates. 
 (c) “Change in Control” shall mean: (A) the acquisition by any Organization of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of the common stock of the Company; provided, however, that for purposes of this subsection (A), an acquisition shall not constitute a Change in Control
if it is: (i) by a Benefit Plan sponsored or maintained by the Company or an entity controlled by the Company or (ii) by an entity pursuant to a transaction that complies with clauses (i), (ii) and (iii) of subsection (C) of
this Section 2(d); or (B) individuals who, as of June 2, 2005, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming
a director subsequent to June 2, 2005 whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board (or a majority of the
members of a nominating committee who are members of the Incumbent Board) shall be treated as a member of the Incumbent Board unless he/she assumed office as a result of an actual or threatened election contest with respect to the election or
removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of an Organization other than the Board; or (C) consummation of a merger or consolidation involving the Company, or a sale or other
disposition of all or substantially all of the assets of the Company, (a “transaction”) in each case unless, immediately following such transaction, (i) the beneficial owners of the common stock of 

  

 -1- 

 
the Company outstanding immediately prior to such transaction beneficially own, directly or indirectly, more than 50% of the combined voting power of the
outstanding voting securities of the entity resulting from such transaction (including, without limitation, an entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or
through one or more subsidiaries), (ii) no Organization (excluding any entity resulting from such transaction or any Benefit Plan of the Company or such entity resulting from such transaction) beneficially owns, directly or indirectly, 50% or
more of the combined voting power of the then outstanding voting securities of such entity and (iii) at least a majority of the members of the board of directors or similar board of the entity resulting from such transaction were members of the
Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such transaction; or (D) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.
For purposes of the foregoing: “Benefit Plan” means any employee benefit plan, including any related trust; “Board” means the Board of Directors of the Company; “Exchange Act” means the Securities Exchange Act of 1934,
as amended; and “Organization” means any individual, entity or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act). 
 (d) “Company” means Antigenics, Inc., a Delaware corporation, and any successor in interest to the Company. 
 (e) “Executive” means each employee of the Company specifically designated by the Compensation Committee (or an individual
specifically appointed by the Compensation Committee to make such determination) as eligible to participate in this Plan, provided such individual holds the position of Vice President or above in the Company, or is otherwise identified as an
essential employee by the Compensation Committee. 
 (f) “Good Reason” means (i) material reduction in
Executive’s base salary, benefits, duties or responsibilities; or (ii) relocation of Executive’s principal office, without his/her consent, to a location more than thirty (30) miles from its location on the day prior to the
Change in Control. 
 (g) “Person” means an individual, a corporation, an association, a partnership, an estate, a
trust and any other entity or organization, other than the Company or any of its Affiliates. 
 (h) “Products” mean
all products planned, researched, developed, under development, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Company or any of its Affiliates, together with all services provided or planned by the
Company or any of its Affiliates, during Executive’s employment. 
 2. Change of Control. 
 (a) If a Change of Control occurs, on the date of such Change in Control, fifty-percent (50%) of any outstanding stock options
previously granted to Executive that are 

  

 -2- 

 
outstanding and unvested as of the date of the Change of Control shall become vested and exercisable, provided that Executive is employed by the Company on
the date of such Change in Control. 
 (b) If a Change of Control occurs and, within eighteen (18) months following such
Change of Control, the Company terminates Executive’s employment other than for Cause, or such Executive terminates his/her employment for Good Reason, then the Company shall pay to the Executive in one lump sum an amount equal to
(A) twelve (12) months base salary at the rate in effect on the date of termination, plus (B) the higher of (x) Executive’s target incentive bonus for the year in which Executive’s employment is terminated or
(y) the actual incentive bonus paid to Executive, if any, under the Company’s Executive incentive plan for the last full fiscal year preceding the year in which Executive’s employment is terminated; and shall also , until the
conclusion of a period of twelve (12) months following the date of termination, continue to contribute to the premium cost of Executive’s participation in the Company’s group medical and dental insurance plans at the same rate that it
contributes for active employees, provided that Executive is entitled to continue such participation under applicable law and plan terms, and provided further that Executive pays his/her portion of the premium cost. In addition, in the event the
Company terminates Executive’s employment other than for Cause, or Executive terminates his/her employment for Good Reason within eighteen (18) months following a Change of Control, then any options previously granted to Executive that are
outstanding and unvested as of the date of the Change in Control shall become vested and shall be exercisable for ninety (90) days following termination of Executive’s employment, and the Company will provide Executive with an outplacement
assistance benefit in the form of a lump-sum payment of $10,000 plus an additional lump-sum payment in an amount sufficient, after giving effect to all federal, state and other taxes with respect to such additional payment, to make Executive whole
for all taxes (including withholding taxes) on such outplacement assistance benefit. 
 (c) All payments required to be made
by the Company hereunder to Executive or his/her dependents, beneficiaries, or estate will be reduced by any tax, payroll deductions or other amounts required to be withheld by the Company under applicable law. 
 (d) Payment(s) by the Company and contributions to the cost of Executive’s continued participation in the Company’s group health
and dental plans that may be due Executive under Section 2(b) shall constitute the entire obligation of the Company to Executive. In order to receive any payments or other benefits under Section 2(b), Executive must execute a General
Release of Claims in a form acceptable to the Company. 
 (e) Except for medical and dental insurance coverage continued
pursuant to Section 2(b), benefits shall terminate pursuant to the terms of the applicable benefit plans based on the date of termination of Executive’s employment without regard to any continuation of base salary or other payment to
Executive following such date of termination. 
 (f) The obligation of the Company to make payments to or on behalf of
Executive under Section 2(b) is expressly conditioned upon Executive’s continued full 

  

 -3- 

 
performance of obligations under the Plan and Executive’s Participation Agreement. Executive recognizes that, except as expressly provided in
Section 2(b), no compensation is earned by, or in any way owing to, Executive after termination of employment. 
 (g) Any
lump-sum payments to be made to the Executive hereunder shall be made as soon as administratively practicable and in any event no later than 2 1/2 months after the end of the year in which the Executive becomes entitled to such payment. 
 (h) To the extent any payment hereunder shall be required to be delayed until six months following separation from service to comply with the “specified employee” rules of Section 409A of the Internal
Revenue Code, it shall be delayed (but not more than is required) to comply with such rules, and shall promptly after such delay be paid with interest at a reasonable market rate as determined by the Company. 
 3. Amendment. This Plan may be amended, modified or terminated by the Compensation Committee of the Board of Directors in sole discretion,
provided that any such amendment, modification or termination shall not be effective with respect to any Executive that has executed a Participation Agreement, except to the extent such Executive has agreed in writing to be bound by such amendment,
modification or termination. 
 4. Governing Law. This is Plan shall be construed and enforced under and be governed in all respects
by the laws of the Commonwealth of Massachusetts, without regard to the conflict of laws principles thereof. 
 Adopted by Compensation
Committee –November 30, 2005 
  

 -4- 

 CHANGE OF CONTROL PLAN 
 Participation Agreement 
 Executive signing below, hereby wishes to
participate in the Executive Change of Control Plan of the Company, as amended and restated effective November 30, 2005 (the “Plan”). In order for Executive to participate in the Plan, Executive must agree to the restrictions on
his/her activities during and after his/her employment as provided in this Participation Agreement. Any capitalized terms used in this Participation Agreement and not defined shall have the meaning set forth in the Plan. By signing below, the
Company and Executive agree as follows: 
 1. Participation in the Plan. Executive shall be entitled to participate in the Plan on the terms and
condition provided for in the Plan and this Participation Agreement, as the same may be amended from time to time. 
 2. Non-competition. While
Executive is employed by the Company and for the greater of (i) twelve (12) months after his/her employment terminates or (ii) the period during which Executive is receiving payments under the Plan (the “Non-Competition
Period”), Executive shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, compete with the Company or any of its Affiliates or undertake any planning for any business
competitive with the Company or any of its Affiliates. Specifically, but without limiting the foregoing, Executive agrees not to engage in any manner in any activity that is directly or indirectly competitive with the business of the Company or any
of its Affiliates as conducted or under consideration at any time during Executive’s employment. Restricted activity includes without limitation accepting employment or a consulting position with any Person who is, or at any time within twelve
(12) months prior to termination of Executive’s employment has been, a competitor or a customer of the Company or any of its Affiliates. For the purposes of this Section 2, the business of the Company and its Affiliates shall include
all Products and Executive’s undertaking shall encompass all items, products and services that may be used in substitution for Products. The foregoing shall not prohibit Executive’s passive ownership of two percent (2%) or less of the
equity securities of any publicly traded company. Executive agrees that, during his/her employment with the Company or any Affiliate of the Company, he/she will not undertake any outside activity, whether or not competitive with the business of the
Company or its Affiliates, that could reasonably give rise to a conflict of interest or otherwise interfere with his/her duties and obligations to the Company or any of its Affiliates. 
 3. Non-solicitation. Executive further agrees that while he/she is employed by the Company or any Affiliate of the Company and thereafter during the Non-Competition Period, Executive will not hire or attempt to
hire any employee of the Company or any of its Affiliates, assist in such hiring by any Person, encourage any such employee to terminate his or her relationship with the Company or any of its Affiliates, or solicit or encourage any customer or
vendor of the Company or any of its Affiliates to terminate its relationship with them, or, in the case of a customer, to conduct with any Person any business or activity which such customer conducts or could conduct with the Company or any of its
Affiliates. 

 4. Conflicting Agreements. Executive hereby represents and warrants that the execution of this Participation
Agreement, participation in the Plan and the performance of his/her obligations hereunder will not breach or be in conflict with any other agreement to which Executive is a party or is bound. In addition, except where specifically provided in the
Plan or this Participation Agreement, nothing in the Plan or this Participation Agreement is intended to replace, amend or modify any other agreement between the Company and Executive, and to the extent such other agreements contain similar
provisions to those provided for in this Participation Agreement, such provisions shall be in addition to the provisions provided herein and shall remain in effect. 
 5. Notification Requirement. Until the conclusion of the Non-Competition Period Executive shall give notice to the Company of each new business activity he/she plans to undertake, at least twenty-one
(21) days prior to beginning any such activity. Such notice shall state the name and address of the Person for whom such activity is undertaken and the nature of Executive’s business relationship(s) and position(s) with such Person.
Executive shall provide the Company with such other pertinent information concerning such business activity as the Company may reasonably request in order to determine Executive’s continued compliance with this Participation Agreement and the
Plan. 
 6. Enforcement of Covenants. Executive acknowledges that he/she has carefully read and considered all the terms and conditions of this
Agreement, including the restraints imposed upon his/her pursuant to the Plan and this Participation Agreement. Executive agrees that said restraints are necessary for the reasonable and proper protection of the Company and its Affiliates and that
each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. Executive further acknowledges that, were he/she to breach any of his/her covenants contained in the Plan or Participation
Agreement, the damage to the Company would be irreparable. Executive therefore agrees that the Company, in addition to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against any breach or
threatened breach by Executive of any of said covenants, without having to post bond. The parties further agree that, in the event that any provision of Sections 4 hereof shall be determined by any court of competent jurisdiction to be unenforceable
by reason of its being extended over too great a time, too large a geographic area or too great a range of activities, such provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law. 
 7. General. This Participation Agreement may be amended or modified by execution of an amendment signed by Executive and the Company. This is Participation
Agreement and the Plan shall be construed and enforced under and be governed in all respects by the laws of the Commonwealth of Massachusetts, without regard to the conflict of laws principles thereof. 

 IN WITNESS WHEREOF, this Participation Agreement has been executed as a sealed instrument by the Company,
by its duly authorized representative, and by Executive, as of                     , 2005. 
  

									
	 EXECUTIVE:
	 		 	 ANTIGENICS, INC., a Delaware corporation

				
	  	 		 	 By:
	 	  
	{Executive Name}	 		 	 Name:
	 	  
		 		 	 Title:

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