Document:

EX-10.19

 Exhibit 10.19 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO
THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED. 
  

							
		  	     
 
	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

 Supply Agreement 

This SUPPLY AGREEMENT (“Agreement”) is entered into as of August 1, 2019 (the “Effective Date”) by and between
BIO-RAD LABORATORIES, INC. (“Bio-Rad”) and BIODESIX, INC., (“Purchaser”) (collectively, the “parties”).

  

	1.	 Supply Relationship; License Agreement. 

 

	1.1	 This Agreement establishes the terms and conditions under which Purchaser may purchase Bio-Rad Products (as defined in Section 3.1). Additionally, the parties intend, and Purchaser hereby represents and warrants, that Purchaser shall use the Bio-Rad
Products in conjunction with certain Non-Exclusive License Agreement between the parties effective August 1, 2019 (“License Agreement”). This Agreement hereby includes all exhibits
attached hereto, and also incorporates by reference the License Agreement. In the event of a conflict between this Agreement and the License Agreement, the terms of the License Agreement shall control unless expressly stated by this Agreement or any
amendment to this Agreement and the Parties agree to such statement. 

  

	1.2	 Purchaser’s failure to abide by the License Agreement, including any restrictions associated with use of
the Licensed Products to provide Contract Services in the Field of Use in the Territory (as these terms are defined in the License Agreement), shall also constitute a material breach of this Agreement, such that
Bio-Rad may seek any and all remedies available in such event. 

  

	1.3	 In the event that Purchaser does not purchase any Bio-Rad Products
under this Agreement for a consecutive [***] month period, then Bio-Rad may terminate the License Agreement as set forth in Article 15 of the License Agreement. 

 

	2.	 Exhibits. 

The following exhibits are attached: 
  

	 	a.	 Calendar Year 2020 Droplet Digital PCR Reagents (ddPCR) Product and Pricing List (Exhibit A)

  

	 	b.	 2020 Categorical Discount Structure for ddPCR Items in the US (Exhibit B) 

 

	 	c.	 2020-2025 Price Increase Structure for ddPCR Items in the US (Exhibit C) 

 

	 	d.	 Sample Product Insert (Exhibit D) 

 

	 	e.	 Order Points List (Exhibit E) 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  
 In case of any conflict between the
provisions of the exhibits and those of the Agreement (without exhibits), the provisions of the Agreement (without exhibits) will prevail unless the conflicting term in an exhibit is expressly stated to supersede the terms of the Agreement and the
Parties agree to such exhibit. 
 Where a provision below states “except as otherwise provided in an exhibit”, the exception
shall be binding only if (x) it is expressly set forth in the exhibit, and (y) it references the provision below being amended. Any exception that meets these requirements shall be deemed an amendment to the provision solely with respect
to the exhibit that contains the exception. 
  

	3.	 Ordering. 

  

	3.1	 Entities Authorized to Purchase. Purchaser and certain affiliates of Purchaser identified in Exhibit E
(collectively, the “Purchaser Entities”) may purchase all Bio-Rad products under the Droplet Digital PCR Reagent product category, as further described in Exhibit A. The subset of
products that Purchaser intends to purchase immediately following execution of this contract are identified in Exhibit A (“Bio-Rad Products”) from
Bio-Rad and certain affiliates of Bio-Rad also identified in Exhibit B01 (collectively, the “Bio-Rad Selling
Entities”), subject to the terms and conditions of this Agreement. 

  

	3.2	 Purchaser Orders. The Purchaser Entities will order Bio-Rad
Products by issuing purchase orders to their corresponding Bio-Rad Selling Entities. All purchase orders are subject to acceptance in writing. The Bio-Rad Selling
Entities will act promptly to accept or reject purchase orders by issuing order acknowledgements. If a Bio-Rad Selling Entity does not provide written notice of its rejection within [***] business days after
receiving the purchase order, the purchase order will be deemed accepted. Except as otherwise permitted in the last paragraph of Section 14.2, neither party may cancel a purchase order after acceptance. 

 

	4.	 Delivery; Returns. 

 

	4.1	 Delivery. Except as otherwise provided in an exhibit, all
Bio-Rad Products are sold under CPT (Incoterms® 2010). Except as otherwise provided in an exhibit, Bio-Rad
Products may be delivered in installments and each installment invoiced separately. Except as otherwise provided in an exhibit, all risk of loss and damage will pass to the Purchaser Entities upon delivery of the
Bio-Rad Products to Purchaser. The Bio-Rad Selling Entities will not be liable for any delays in transit. Except as otherwise provided in an exhibit, Bio-Rad Products will be delivered in Bio-Rad’s standard packaging and labeling. The Purchaser Entities shall not rebrand or relabel the products. 

 

	4.2	 Lead Time. Except as provided in an exhibit, Bio-Rad Selling
Entities shall deliver routinely ordered “off the shelf” product to the address designated on the Purchaser Entities Purchase 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  

	 	
Order no later than [***] business days from acceptance of Purchase Order. Custom assays routinely ordered shall be delivered no later than [***] business days from acceptance of Purchase
order. Custom assays in development orders require [***] business day lead times. Lead times may vary for orders which are two (2) times or greater above the then-current forecast. Failure of any Selling
Entity to meet the Lead Time requirement shall entitle Purchasing Entity to a ten percent (10%) discount on that portion of any order which did not meet the Lead Time requirement. 

 

	4.3	 Returns. Bio-Rad Products may not be returned to any Bio-Rad Selling Entity without the prior written consent of such Bio-Rad Selling Entity and the issuance of a return authorization number, such authorization not to be
unreasonably withheld. 

  

	5.	 Forecasts. Except as otherwise provided in an exhibit, on or about the Effective Date and at the start
of each calendar quarter, each Purchaser Entity will provide its corresponding Bio-Rad Selling Entity with a [***] month rolling forecast of its expected demand for each
Bio-Rad Product expected to be purchased in the subsequent [***] month period. Except as otherwise provided in an exhibit, all forecasts are for planning purposes only and shall not create any binding
obligations on the parties, except as per 4.2; Lead Times. A failure to comply with the terms of any forecast shall not constitute a breach of this Agreement. Purchaser acknowledges that any items not forecasted at least three [***] ahead of target
delivery date may experience a delay from our standard shipping times. 

  

	6.	 Changes. Except as otherwise provided in an exhibit, Bio-Rad may
make any changes to Bio-Rad Products and to product specifications, suppliers, raw materials, manufacturing processes or location, and other similar product-related terms at any time in its sole and absolute
discretion. In the event that changes are to raw materials, the manufacturing process or location, or would knowingly impact the form, fit or function of the Bio Rad product, Bio Rad shall provide Purchasing Entity at least [***] months’ prior
written notice of any change that may affect the form, fit, function, product labeling or chemical composition of the product and give Purchasing Entity an opportunity to test any changed Bio-Rad Products to
identify whether or not the change impacts Purchasing Entity’s ability to perform Covered Services. In the event that Bio-Rad makes a change to any Bio-Rad Product
that eliminates its form, fit or function such that the Purchasing Entity cannot perform Covered Services (as defined in the License Agreement), Bio-Rad will be responsible at its sole cost for replacing any
such Bio-Rad Product with a compatible Bio-Rad product, or other 3rd party product as may be necessary, that allows Purchasing Entity to perform Covered Services.

 In the event of a conflict between the terms set forth in this Section and the terms in an applicable quality agreement,
then the terms of the applicable quality agreement shall control. 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  

	7.	 Minimum Quantities. Except as otherwise provided in an exhibit and in accepted purchase orders, the
Purchaser Entities are not obligated to purchase, and the Bio-Rad Selling Entities are not obligated to sell, any minimum quantities of products under this Agreement. 

 

	8.	 Nonconforming Products. 

 

	8.1	 Inspection and Rejection. The Purchaser Entities shall inspect all
Bio-Rad Products within [***] business days of receipt (“Inspection Period”). Each Purchaser Entity will be deemed to have accepted Bio-Rad Products
unless it notifies its corresponding Bio-Rad Selling Entity in writing of any Nonconforming Products during the Inspection Period and furnishes written evidence of nonconformity as reasonably required by the Bio-Rad Selling Entity. “Nonconforming Products” means only the following: (i) the product shipped is different than the product ordered; (ii) the product’s label or packaging
incorrectly identifies its contents; and (iii) product does not meet Selling Entity’s published specifications; (iv) Transit Damage. If the quantity of product delivered is more than the quantity ordered, the Purchaser Entity may
purchase the excess quantity or return the excess quantity to the Bio-Rad Selling Entity at the Bio-Rad Selling Entity’s expense. 

 

	 	8.1.1	 Specifications. Purchaser is required to provide any product information, including any applicable
Certificate of Analysis and Material Safety Data Sheet, to third parties to the extent that such information is legally required to accompany the Bio-Rad Products upon sale, transfer, or otherwise. The parties
recognize and agree that there are other parameters by which the Bio-Rad Products may be evaluated that are beyond the control of Bio-Rad and that, while such other
parameters may determine the suitability of the Bio-Rad Products for Purchaser’s further use, such other parameters shall not be used to determine acceptance of the
Bio-Rad Products for purposes of this Agreement. Only the parameters for the Bio-Rad Products, as specified in the product insert, shall be used to determine acceptance
of the Bio-Rad Products. 

  

	8.2	 Replacement or Refund. If a Purchaser Entity timely notifies a
Bio-Rad Selling Entity of any Nonconforming Product, the Bio-Rad Selling Entity shall, at the Purchaser Entity’s option, (i) replace such Nonconforming Product
with conforming product, or (ii) credit or refund the purchase price for such Nonconforming Product. 

  

	8.3	 Exclusive Remedies. The Purchaser Entities acknowledge and agree that the remedies set forth in
Section 8 are their sole and exclusive remedies for the delivery of Nonconforming Products or excess quantity. 

  

	9.	 Pricing and Payment Terms. 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  

	9.1	 Prices; Price Adjustments; Taxes. The prices to the Purchaser Entities for Bio-Rad Products are set forth in Exhibit A, and associated discounts for broader product categories are set forth in Exhibit B. Except as otherwise provided in an exhibit, the
Bio-Rad Selling Entities may change the price for each Bio-Rad Product at any time but not more than once every [***] months and by no greater than [***], unless stated
otherwise in Exhibit C, attached hereto and incorporated herein. The Bio-Rad Selling Entities will communicate price changes by written notice to the Purchaser Entities no less than [***] days prior to the
change. Except as otherwise provided in an exhibit, prices do not include transportation, handling and insurance charges; and prices exclude all sales, use, value added or similar taxes. All such charges and taxes will appear as separate items on
invoices and shall be paid by the Purchaser Entities. Prices also do not include installation and training, except as otherwise provided in an exhibit. 

  

	9.2	 Terms of Payment. Except as otherwise provided in an exhibit, The Purchaser Entities shall pay all
invoiced amounts due to the Bio-Rad Selling Entities within 30 days from the date of the invoice. The Purchaser Entities shall make all payments by the payment method and in the currency required by the
invoice. All monies more than [***] days past due shall bear interest at a rate of one and [***] per month. Interest will be calculated daily and compounded monthly. Unless otherwise mutually agreed to in writing, all payments shall be by one of the
following methods: 

 a. Wire transfer in U.S. dollars payable to
Bio-Rad through 
 Bank Name: [***] 

Account Name: [***]. 

Account Number: [***] 

Routing number: [***] 

Swift Code: [***] 

or 

b. Check in U.S. dollars, payable to Bio-Rad Laboratories, Inc., drawn on a
U.S. bank. 
  

	9.3	 No Setoff. The Purchaser Entities may not withhold, offset, recoup or debit any amounts owed (or to
become due and owing) to the Bio-Rad Selling Entities against any amounts owed (or to become due and owing) to them by any of the Bio-Rad Selling Entities.

  

	10.	 Warranties. 

Bio-Rad Products are covered by Bio-Rad’s standard product
warranties that are referenced in the exhibits for the products. These standard product warranties include certain exclusions and limitations and are incorporated into this Agreement by reference. EXCEPT FOR
BIO-

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  
 
RAD’S STANDARD PRODUCT WARRANTIES, THE BIO-RAD SELLING ENTITIES MAKE NO WARRANTIES WHATSOEVER WITH RESPECT TO
BIO-RAD PRODUCTS. THE REMEDIES CONTAINED IN BIO-RAD’S STANDARD PRODUCT WARRANTIES SHALL BE THE PURCHASER ENTITIES’ SOLE AND EXCLUSIVE REMEDIES, AND THE BIO-RAD SELLING ENTITIES’ ENTIRE LIABILITY, FOR ANY BREACH OF WARRANTY. 
  

	11.	 Records; Audits. 

Purchaser shall have the right to conduct routine audits and inspections (“Routine Audits”) of
Bio-Rad’s manufacturing facilities and its manufacturing and quality control processes and records in order to examine Bio-Rad’s compliance with the terms of
this Agreement. Purchaser may conduct a Routine Audit every twelve (12) months, at mutually convenient times, and upon no less than sixty (60) days advanced written notice to Bio-Rad and at its own
expense. In addition, Purchaser shall have the right to conduct non-routine audits and inspections (“For Cause Audits”) with at least thirty (30) days advance written notice if the Purchaser
Entities receive any written complaints regarding Bio-Rad Products from third parties, such as customers, or if a Routine Audit uncovers any material concerns or issues that
Bio-Rad agrees to address. The parties shall schedule For Cause Audits as soon as reasonably practicable, but generally with no less than ten (10) days advanced written notice to Bio-Rad. All audits shall take place during regular business hours, and Bio-Rad may impose other reasonable conditions upon the conduct of all audits. This Section shall be
subject to any additional rights, obligations, or restrictions set forth in the Quality Agreement between the parties dated September 7, 2017. 
  

	12.	 Confidentiality. The Parties are subject to Article 11 of the License Agreement
(“Confidentiality”). 

  

	13.	 Limitation of Liability. The parties are subject to Article 13 of the License Agreement
(“Limitation of Liabilities”). 

  

	14.	 Term and Termination. 

 

	14.1	 Term. The initial term of this Agreement shall be from the Effective Date of this Agreement until [***]
years from the Effective Date (“Initial Period”). At the end of the Initial Period, this Agreement shall terminate, unless both Parties agree to renew this Agreement prior to the end of initial term. The initial term and any
extension period are referred to collectively as the “Term.” 

  

	14.2	 Termination. The parties shall have the right to terminate this Agreement upon the occurrence of one or
more of the following events described in sections 12.2.1 through 12.2.3. 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  

	 	14.2.1	 If a party or one of its affiliates fails to pay any amount due hereunder at the time such amount becomes due,
and if such party or its affiliate fails to cure such failure to pay within [***] calendar days after the other party gives written notice thereof, then the other party may immediately terminate this Agreement. 

 

	 	14.2.2	 If a party or one of its affiliates breaches or fails to perform any obligation, term or condition of this
Agreement, and if such party or its affiliate fails to cure any such breach or failure within [***] days after the other party gives written notice thereof, then the other party may immediately terminate this Agreement. 

 

	 	14.2.3	 Either party may terminate this Agreement if the other party or any of the other party’s affiliates
becomes insolvent; makes an assignment for the benefit of its creditors; files a voluntary bankruptcy or reorganization petition; fails to vacate the appointment of a receiver or a trustee for it, or for any part of its business, within sixty [***]
from the date of such appointment; or fails to vacate, set aside, or have dismissed any insolvency proceeding under any law governing, or applicable, to it within sixty [***] from the date of the commencement of any such proceeding.

 Upon the happening of any one of the events specified above for which Bio-Rad
has the right to terminate, Bio-Rad Selling Entities shall have the right to declare all sums immediately due and payable, to cancel any outstanding purchase orders, and/or to discontinue supplying the
Purchaser Entities with Bio-Rad Products until such event is cured to Bio-Rad’s reasonable satisfaction, without terminating this Agreement, and without thereby
prejudicing Bio-Rad’s rights to terminate this Agreement. 
  

	14.3	 Effect of Termination or Expiration. Termination or expiration of this Agreement for any reason shall
not impair the obligations of the Purchaser Entities to pay any and all amounts payable at the time such amounts are or become due. 

  

	14.4	 No Damages for Termination. NEITHER THE BIO-RAD SELLING ENTITIES
NOR THE PURCHASER ENTITIES SHALL BE LIABLE TO THE OTHER FOR DAMAGES OF ANY KIND, INCLUDING ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY OR SPECIAL DAMAGES OF ANY KIND, ON ACCOUNT OF THE TERMINATION OF THIS AGREEMENT IN ACCORDANCE WITH SECTION
14, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

  

	14.5	 Survival of Terms. The obligations of the parties under sections 7, 8, 12.3, 12.4, 12.5, and 13, shall
survive expiration or termination of this Agreement. In the event of expiration or termination of this Agreement, the terms of this Agreement shall remain applicable to any orders that the Purchaser Entities have previously placed with the Bio-Rad Selling Entities. 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  

	15.	 Miscellaneous. 

 

	15.1	 Notices. All notices and other communications required to be given hereunder shall be sufficient if in
writing and if delivered (i) by personal delivery, by prepaid overnight or national courier service, or by certified mail, postage prepaid, to the addresses set forth below, or (ii) by facsimile to the facsimile numbers provided below.

  

	15.2	 Severability. If any provision of this Agreement shall be held to be prohibited or unenforceable in any
jurisdiction, such provision shall be deemed ineffective only in such jurisdiction. The remaining provisions of this Agreement shall remain in full force and effect. The parties shall use their best efforts to replace the provision prohibited or
held unenforceable with a legal provision approximating the original intent of the parties as far as possible. 

  

	15.3	 Entire Agreement; No Waiver. The exhibits attached to this Agreement are hereby incorporated as a part
of this Agreement. This Agreement contains the entire agreement between the parties with respect to the subject matter hereof, and no modification or waiver of any of the provisions, or any future representation, promise or addition, shall be
binding upon the parties unless agreed to in writing. Even though a Bio-Rad Selling Entity may acknowledge or accept an order inconsistent with the terms of this Agreement, or make deliveries pursuant thereto,
such act by the Bio-Rad Selling Entity will not be deemed acceptance or approval of such inconsistent provisions. Waiver of any term, condition, or provision of this Agreement on one occasion shall not
constitute waiver for the purpose of any other occasion. 

  

	15.4	 No Assignment. This Agreement may not be transferred or assigned by a party without the prior written
consent of the other party; provided, that either party may transfer or assign this Agreement without consent in connection with a merger, reorganization, change of control or ownership, or transfer or sale of assets or product lines.

  

	15.5	 Binding on Successors. The provisions of this Agreement shall be binding upon and inure to the benefits
of the parties, their successors and permitted assigns. 

  

	15.6	 No Third Party Beneficiaries. This Agreement does not create, and will not be construed as creating,
obligations to or rights enforceable by any person or entity that is not a party to this Agreement. 

  

	15.7	 Force Majeure. The Bio-Rad Selling Entities shall not be liable
or responsible for any failures to perform due to unforeseen circumstances or to causes beyond their reasonable control, including but not limited to acts of God, war, riot, embargoes, acts of civil or military authorities, fire, floods,
earthquakes, accidents, strikes, or shortages of transportation, facilities, fuel, energy, labor or materials. 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  

	15.8	 Relationship of the Parties; Authority to Bind. Neither party is an agent of the other party. The
relationship between the parties is that of independent contractors. Neither party has any right or authority to assume or create any obligations or to make any representations or warranties on behalf of the other party, whether express or implied,
or to bind the other party in any respect whatsoever. 

  

	15.9	 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed
an original, and all of which together shall constitute one and the same instrument. 

  

	15.10	 Governing Law. Any dispute arising under this Agreement shall be governed exclusively by the laws and
courts of the State of Delaware. The United Nations Convention on Contracts for the International Sale of Goods shall not apply to this Agreement. 

[Remainder of Page Left Blank; Signature Page Follows] 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

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

									
	BIO-RAD LABORATORIES, INC.	 		 	

									
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

			
	 Digital Biology Group
 Bio-Rad Laboratories, Inc.
 5731 West Las Positas Blvd.

Pleasanton, CA, USA 94588
	 		 	 Biodesix, Inc.
 2970 Wilderness
Place,
 Suite 100 Boulder,
 CO 80301, USA

	Attn:	 	[***]	 		 	Attn:	 	[                    ]
	Email:	 	[***]	 		 	Email:	 	[                    ]
	Copies of notices must be sent to:	 		 		 	

									
				
	 Bio-Rad Laboratories, Inc.

1000 Alfred Nobel Drive
 Hercules, CA 94547
	 		 		 	
	Attention:	 	General Counsel	 		 		 	
	Tel:	 	(510) 741-6005	 		 		 	
	Fax:	 	(510) 741-4048	 		 		 	

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  
 Exhibit E 

Order Points List 
 This ORDER POINT LIST
is attached to and made a part of the Bio-Rad Laboratories Supply Agreement (“Agreement”) for the purpose of identifying the mutually agreed upon Purchaser locations that are eligible to
place orders under the Agreement. Capitalized terms used but not defined in the text of this exhibit shall have the respective meanings ascribed to such terms in the Agreement. 

Purchaser and Bio-Rad agree that all orders for Bio-Rad Products from
Purchaser locations will be subject to the terms and conditions set forth below. In case of any conflict between the provisions of this Exhibit B01 and those of the Agreement (without Exhibit B01), the provisions of the Agreement (without Exhibit
B01) will prevail. 
  

	1.	 Parties. 

Purchaser and Bio-Rad represent that each of them is acting for itself and with the consent and on
behalf of the respective other Purchaser locations and other Bio-Rad Selling Entities set forth in section 4 below. 
  

	2.	 Orders 

Purchase orders will be issued by Purchaser to the corresponding Bio-Rad Selling Entity as specified in
section 4 below and will reference the Agreement. 
  

	3.	 Applicable Terms and Conditions 

All Bio-Rad Products purchased by the Purchaser are subject to the terms and conditions of the
Agreement. The Bio-Rad Selling Entities shall not be bound by any different or additional terms or conditions contained in any purchase orders, pre-printed forms or
online agreements of the Purchaser, or arising from prior courses of dealing, usages of trade, or verbal agreements not reduced to writing and signed by both parties. Any such different or additional terms or conditions are hereby rejected. 

 

	4.	 Order Points 

Purchaser and Bio-Rad agree that the following Purchaser locations may purchase from the corresponding Bio-Rad Selling Entities. The complete names and addresses of the Bio-Rad Selling Entities and the Purchaser locations eligible to accept and place orders under this Agreement
are as follows: 

							
		  	    	  	

	  	    
	BIO-RAD LABORATORIES SUPPLY AGREEMENT	  		  		  	

  

			
	 Bio-Rad Selling
Entities
	 	 Purchaser Entities

		
	 Bio-Rad Laboratories, Inc.

2000 Alfred Nobel Drive
 Hercules, CA 94547
	 	 Biodesix, Inc.
 2970 Wilderness Place,

Suite 100 Boulder,
 CO 80301, USA

		
		 	 Biodesix, Inc.
 8960 Commerce Dr

De Soto, KS 66018, USAEX-10.20

 Exhibit 10.20 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO
THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED. 

CO-DEVELOPMENT AND COLLABORATION AGREEMENT 

By and Between 
 AVEO
PHARMACEUTICALS, INC. 
 and 

BIODESIX, INC. 
  

 EXECUTION VERSION 

Table of Contents 
  

							
	 	  	 	  	Page	 
	ARTICLE I - DEFINITIONS	  	 	1	 
		
	ARTICLE II - GOVERNANCE	  	 	11	 
			
	 2.1.
	  	Creation and Structure of the JSC	  	 	11	 
	 2.2.
	  	Meetings	  	 	11	 
	 2.3.
	  	Responsibilities of the JSC	  	 	12	 
	 2.4.
	  	Subcommittees of the JSC and Other Committees	  	 	12	 
	 2.5.
	  	Decisions of the JSC	  	 	12	 
	 2.6.
	  	Limitation on JSC Authority	  	 	13	 
	 2.7.
	  	Alliance Managers	  	 	13	 
	 2.8.
	  	Reports to JSC	  	 	13	 
	 2.9.
	  	Joint Co-Development Team	  	 	13	 
	 2.10.
	  	Dissolution	  	 	14	 
		
	ARTICLE III - FICLATUZUMAB DEVELOPMENT; COST RESPONSIBILITIES; DEVELOPMENT OPT-OUT	  	 	14	 
			
	 3.1.
	  	Ficlatuzumab Development	  	 	14	 
	 3.2.
	  	Modifications to Development Plan	  	 	14	 
	 3.3.
	  	Existing Supply of Ficlatuzumab	  	 	15	 
	 3.4.
	  	Clinical Specimens	  	 	15	 
	 3.5.
	  	Funding; Opt-Out	  	 	16	 
	 3.6.
	  	Opt-Out Mechanics	  	 	17	 
	 3.7.
	  	AVEO Covenants	  	 	18	 
		
	ARTICLE IV - LICENSING AND LICENSE REVENUE SHARING	  	 	20	 
			
	 4.1.
	  	General	  	 	20	 
	 4.2.
	  	Scope	  	 	20	 
	 4.3.
	  	License Income	  	 	20	 
		
	ARTICLE V - PAYMENTS	  	 	21	 
			
	 5.1.
	  	Development Costs	  	 	21	 
	 5.2.
	  	License Income	  	 	21	 
	 5.3.
	  	Payment Terms	  	 	21	 
	 5.4.
	  	Late Payments	  	 	21	 
	 5.5.
	  	Books and Records; Audit Rights	  	 	22	 
	 5.6.
	  	Taxes	  	 	22	 
		
	ARTICLE VI - NEGOTIATION OF DEFINITIVE FICLATUZUMAB CO-COMMERCIALIZATION AGREEMENT	  	 	22	 
			
	 6.1.
	  	Negotiation of Definitive Commercialization Agreement	  	 	22	 
	 6.2.
	  	Definitive Term	  	 	23	 

  
 i 

							
	ARTICLE VII - VERISTRAT DEVELOPMENT AND COMMERCIALIZATION	  	 	23	 
			
	 7.1.
	  	VeriStrat Development	  	 	23	 
	 7.2.
	  	Modifications to VeriStrat Development Plan	  	 	23	 
	 7.3.
	  	Regulatory	  	 	24	 
	 7.4.
	  	Use of VeriStrat	  	 	24	 
		
	ARTICLE VIII - LICENSE GRANTS; RIGHT OF FIRST NEGOTIATION	  	 	25	 
			
	 8.1.
	  	Grants of Rights — Intellectual Property	  	 	25	 
	 8.2.
	  	Grant of Rights – Data	  	 	25	 
	 8.3.
	  	Rights Retained by the Parties	  	 	26	 
	 8.4.
	  	Section 365(n) of the Bankruptcy Code	  	 	26	 
	 8.5.
	  	Option and Right of First Refusal	  	 	26	 
		
	ARTICLE IX - INTELLECTUAL PROPERTY	  	 	27	 
			
	 9.1.
	  	Ownership of Inventions	  	 	27	 
	 9.2.
	  	Ownership of Data; Ownership and License to Clinical Specimens	  	 	28	 
	 9.3.
	  	Prosecution and Maintenance of Patent Rights	  	 	28	 
	 9.4.
	  	Third Party Infringement	  	 	29	 
	 9.5.
	  	Patent Invalidity Claim	  	 	30	 
	 9.6.
	  	Trademarks	  	 	30	 
		
	ARTICLE X - CONFIDENTIAL INFORMATION	  	 	30	 
			
	 10.1.
	  	Treatment of Confidential Information	  	 	30	 
	 10.2.
	  	Confidential Information	  	 	31	 
	 10.3.
	  	Publication Rights	  	 	31	 
	 10.4.
	  	Required Disclosure	  	 	32	 
	 10.5.
	  	Disclosure of Agreement	  	 	32	 
		
	ARTICLE XI - REPRESENTATIONS, WARRANTIES AND COVENANTS	  	 	32	 
			
	 11.1.
	  	AVEO’s Representations	  	 	32	 
	 11.2.
	  	Biodesix’s Representations	  	 	35	 
	 11.3.
	  	Compliance	  	 	35	 
	 11.4.
	  	No Warranty	  	 	36	 
		
	ARTICLE XII - INDEMNIFICATION AND INSURANCE	  	 	36	 
			
	 12.1.
	  	Indemnification in Favor of AVEO	  	 	36	 
	 12.2.
	  	Indemnification in Favor of Biodesix	  	 	37	 
	 12.3.
	  	General Indemnification Procedures	  	 	38	 
	 12.4.
	  	Insurance	  	 	39	 
		
	ARTICLE XIII - TERM AND TERMINATION	  	 	39	 
			
	 13.1.
	  	Term	  	 	39	 
	 13.2.
	  	Termination for Cause	  	 	39	 
	 13.3.
	  	Termination for Insolvency	  	 	39	 
	 13.4.
	  	Effect of Termination and Expiration; Accrued Rights and Obligations	  	 	40	 
	 13.5.
	  	Survival	  	 	40	 

  
 ii 

							
	ARTICLE XIV - DISPUTE RESOLUTION	  	 	41	 
			
	 14.1.
	  	Informal Resolution	  	 	41	 
	 14.2.
	  	Arbitration	  	 	41	 
	 14.3.
	  	No Limitation	  	 	42	 
		
	ARTICLE XV - MISCELLANEOUS	  	 	42	 
			
	 15.1.
	  	Governing Law	  	 	42	 
	 15.2.
	  	Waiver	  	 	42	 
	 15.3.
	  	Notices	  	 	42	 
	 15.4.
	  	Entire Agreement	  	 	43	 
	 15.5.
	  	Headings	  	 	43	 
	 15.6.
	  	Severability	  	 	43	 
	 15.7.
	  	Registration and Filing of the Agreement	  	 	43	 
	 15.8.
	  	Assignment; Change of Control	  	 	44	 
	 15.9.
	  	Counterparts	  	 	44	 
	 15.10.
	  	Force Majeure	  	 	44	 
	 15.11.
	  	Public Disclosure	  	 	45	 
	 15.12.
	  	Third-Party Beneficiaries	  	 	45	 
	 15.13.
	  	Relationship of the Parties	  	 	45	 
	 15.14.
	  	Performance by Affiliates	  	 	46	 
	 15.15.
	  	Construction	  	 	46	 
	 15.16.
	  	No Consequential or Punitive Damages	  	 	46	 

  
 iii 

 Exhibits And Schedules 

The Exhibits referred to in this Agreement have been attached to this Agreement and shall have the following titles: 

 

			
	 Exhibit A
	  	Initial Development Plan
		
	 Exhibit B
	  	Summary of Terms of Commercialization Agreement
		
	 Exhibit C
	  	Press Release
		
	 Exhibit D
	  	AVEO Third Party Agreements
		
	 Exhibit E
	  	Initial VeriStrat Development Plan

 The following Schedules referred to in this Agreement have been attached to this Agreement: 

Schedule 8.1(c) 

Schedule 11.1(k) 
  

  
 iv 

 EXECUTION VERSION 

CO-DEVELOPMENT AND COLLABORATION AGREEMENT 

This CO-DEVELOPMENT AND COLLABORATION AGREEMENT (this “Agreement”), dated as of
April 9, 2014 (the “Effective Date”), is entered into by and between AVEO PHARMACEUTICALS, INC. (“AVEO”), a Delaware corporation having a principal office at 650 E. Kendall Street, Cambridge, Massachusetts
02142, and Biodesix, Inc. (“Biodesix”), a Delaware corporation having a principal office located at 2970 Wilderness Place, Suite 100, Boulder, Colorado 80301. AVEO and Biodesix are sometimes referred to herein individually as a
“Party” and collectively as the “Parties”. 
 INTRODUCTION 

WHEREAS, AVEO is a biopharmaceutical company discovering and developing a broad pipeline of novel oncology programs, including AVEO’s
program based on its inhibitory antibody, Ficlatuzumab (as defined below); 
 WHEREAS, Biodesix has created a mass spectrometry and
software-based test system, VeriStrat (as defined below), which stratifies patients into groups with different outcomes following treatment with various pharmaceutical agents; 

WHEREAS, the Parties entered into that certain Mutual Confidentiality Agreement dated as of August 17, 2009 (the “MCA”);

 WHEREAS, AVEO and Biodesix entered into that certain Material Transfer Agreement dated effective as of April 5, 2011, as amended by
Amendment No. 1 effective as of April 1, 2013 and as further amended by Amendment No. 2 effective as of May 21, 2013 and Amendment No. 3 effective as of April 4, 2014 (collectively, the “MTA”); and 

WHEREAS, in furtherance of the outcomes obtained pursuant to the MTA, AVEO and Biodesix wish to enter into an agreement governing the co-development of Ficlatuzumab and VeriStrat. 
 NOW, THEREFORE, in consideration of the mutual covenants
contained herein, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, AVEO and Biodesix agree as follows: 

ARTICLE I - DEFINITIONS 
 When used
in this Agreement, each of the following terms shall have the meanings set forth in this Article I. 
 1.1
“Affiliate”. Affiliate means with respect to a Party, any Person that directly or indirectly controls, is controlled by, or is under common control with such Party. As used in this definition, the term “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. For purposes of this definition,
“control” shall be presumed to exist if one of the following conditions are met: (a) in the case of corporate entities, direct or indirect ownership of more than fifty percent (50%) of the stock or shares having the right to vote for
the election of directors, and (b) in the case of non-corporate entities, direct or indirect ownership of more than fifty percent (50%) of the equity interests with the power to direct the management and
policies of such non-corporate entities. 

 EXECUTION VERSION 

 

 1.2 “Antibody”. Antibody means any immunoglobulin molecule (such as an IgG),
whether in monospecific or any other form, and shall include any immunoglobulin fragment (such as an Fv, Fab or F(ab’)2), any fusion protein comprising an immunoglobulin or immunoglobulin
fragment and any single chain antibody (such as an scFv), and any truncation or derivative of any of the foregoing. 
 1.3 “AVEO,
Intellectual Property”. AVEO Intellectual Property means the AVEO Know-How and the AVEO Patent Rights. 

1.4. “AVEO, Know-How”. AVEO Know-How means:
(a) any Know-How Controlled by AVEO or (subject to Section 15.8) its Affiliates as of the Effective Date or during the Term relating to Ficlatuzumab, including such
Know-How that relates to AVEO Sole Inventions or the Development, Manufacture, use or Commercialization of Ficlatuzumab and such Know-How relating to Ficlatuzumab that
was generated or developed collectively or by either Party pursuant to the MTA; and (b) AVEO’s interest in any Joint Inventions. 

1.5. “AVEO, Patent Rights”. AVEO Patent Rights means: (a) all Patent Rights Controlled by AVEO or (subject to
Section 15.8) its Affiliates as of the Effective Date or thereafter during the Term that claim or disclose AVEO Know-How; and (b) AVEO’s interest in the Joint Patent Rights. 

1.6. “AVEO, Third Party Agreements”. AVEO Third Party Agreements means the agreements set forth on Exhibit D. 

1.7. “Biodesix Intellectual Property”. Biodesix Intellectual Property means the Biodesix
Know-How and the Biodesix Patent Rights. 
 1.8. “Biodesix
Know-How”. Biodesix Know-How means: (a) any Know-How Controlled by Biodesix or (subject to Section 15.8) its
Affiliates as of the Effective Date or during the Term relating to VeriStrat, including such Know-How that relates to Biodesix Sole Inventions or the Development, Manufacture, use or Commercialization of
VeriStrat and such Know-How relating to VeriStrat that was generated or developed collectively or by either Party pursuant to the MTA; and (b) Biodesix’s interest in any Joint Inventions. 

1.9. “Biodesix Patent Rights”. Biodesix Patent Rights means: (a) all Patent Rights that are Controlled by Biodesix or
(subject to Section 15.8) its Affiliates as of the Effective Date or thereafter during the Term that claim or disclose Biodesix Know-How; and (b) Biodesix’s interest in the Joint Patent Rights.

 1.10. “Biomarker Data”. Biomarker Data, which excludes Diagnostic Data, means genetic, genomic and proteomic
characteristics and annotations, including all available genetic data such as EGFR mutation status or KRAS mutation status, that may or could form the basis of an IVD, which characteristics and annotations are generated in human clinical and/or
preclinical trials of Ficlatuzumab in connection with this Agreement or which were generated by either Party pursuant to the MTA. 

  
 2 

 EXECUTION VERSION 

 

 1.11. “Business Day”. Business Day means a day that is not a Saturday,
Sunday or a day on which banking institutions in Cambridge, Massachusetts or in Boulder, Colorado are authorized by Law to remain closed. 

1.12. “Calendar Quarter”. Calendar Quarter means each of the periods ending on March 31, June 30,
September 30, and December 31 of any year. 
 1.13. “Calendar Year”. Calendar Year means each successive period
of twelve (12) months commencing on January 1 and ending on December 31; provided that the first Calendar Year of the Term shall begin on the Effective Date and end on December 31, 2014 and the last Calendar Year of the
Term shall end on the last day of the Term. 
 1.14. “Change of Control”. Change of Control means, in respect of a Party
hereto, the occurrence of a tender offer, stock purchase, other stock acquisition, merger, consolidation, recapitalization, reverse split, sale or transfer of assets or other transaction, as a result of which any person, entity or group
(a) becomes the beneficial owner, directly or indirectly, of securities of such Party representing more than 50% of the ordinary shares of such Party or representing more than 50% of the combined voting power with respect to the election of
directors (or members of any other governing body) of such Party’s then outstanding securities, or (b) obtains the ability to appoint a majority of the Board of Directors (or other governing body) of such Party, or obtains the ability to
direct the operations or management of such Party or any successor to such Party’s business; provided, however, that Change in Control shall not include the issuance by a Party of equity to the public through a public offering or offerings.

 1.15. “Clinical Data”. Clinical Data means all relevant clinical, biological, and other characteristics and annotations,
excluding Biomarker Data and Diagnostic Data, provided by AVEO or generated in human clinical trials of Ficlatuzumab in connection with this Agreement or the MTA, including age, gender, race, smoking history, current therapies, previous therapies,
disease state at sample collection date, performance status at sample collection date, sample collection date, sample collection site, date of start of treatment, drug exposure, adverse events, lab abnormalities, disposition, concomitant medications
and all available outcome data (progression free survival, overall survival, time to progression, objective response data (including date of collection), and the date of tissue collection. The Clinical Data supplied to Biodesix by AVEO shall not
contain any personal patient identifying information, such as patients’ names, initials, and dates of birth (such de-identified Clinical Data, the “Limited Data Set”). 

1.16. “Clinical Specimens.” Clinical Specimens mean all clinical specimens, samples, tissues, fluid, and other biological and
pharmaceutical materials generated or obtained in connection with this Agreement or the MTA, and modifications thereof. 
 1.17.
“Commercialization” and “Commercialize”. Commercialization or Commercialize means pre-launch, launch or post-launch activities directed to obtaining pricing and reimbursement
approvals, marketing, branding, promoting, distributing, importing or selling a product. Commercialization includes strategic marketing, market research, sales force recruitment, training 

  
 3 

 EXECUTION VERSION 

 

 
and meetings, sales force detailing, sample drops, activities related to managed care accounts and other similar accounts and government programs, activities related to reimbursement,
advertising, market and product support, customer support, educational initiatives, product distribution, invoicing, sales activities and post-marketing studies. 

1.18. “Commercialization Agreement”. Commercialization Agreement means the separate written agreement that the Parties will
negotiate in good faith and enter into pursuant to Article VI, which agreement will include the terms set forth in Exhibit B hereto, as the same may be supplemented to add mutually acceptable detail. 

1.19. “Commercially Reasonable Efforts”. Commercially Reasonable Efforts means that degree of skill, effort, expertise, and
resources normally used by an established biotechnology company or diagnostic company (as applicable) with respect to products that have a similar market potential to, and that are at a similar stage in product life as, Ficlatuzumab or VeriStrat (as
applicable), taking into account issues of safety and efficacy, costs and risks of Development, Manufacture and Commercialization, the competitiveness of the marketplace, the proprietary position of the applicable product, the likelihood of
obtaining Regulatory Approval for the applicable product, the potential economic return from the applicable product and other relevant technical, legal, scientific, medical or commercial factors. 

1.20. “Companion Diagnostic.” Companion Diagnostic means an IVD that provides information regarding the identification of
patients for treatment with a corresponding therapeutic product, including where such use may be specified in the instructions for use in the labeling of both the IVD device and the corresponding therapeutic product in relevant jurisdictions. 

1.21. “Control” or “Controlled”. Control or Controlled means, with respect to any Patent Rights or Know-How, possession (whether by ownership or license, other than pursuant to this Agreement) by a Party or its Affiliates of the ability to grant the licenses or sublicenses as provided for herein without violating
the terms of any agreement or other arrangement with any Third Party. 
 1.22. “CPI”. CPI means the Consumer Price Index
— Urban Wage Earners and Clerical Workers, U.S. City Average, All Items, 1982-84 = 100, published by the United States Department of Labor, Bureau of Labor Statistics (or its successor equivalent
index) in the United States. 
 1.23. “Development”. Development, as it pertains to Ficlatuzumab, means non-clinical (including pre-clinical) and clinical drug development activities and related research, including, among other things: (i) pharmacology studies,
(ii) absorption, distribution, metabolism, elimination (ADME) studies, (iii) toxicology studies, (iv) statistical analysis and report writing, (v) drug-test method development and stability testing, (vi) process
development, (vii) formulation development, (viii) delivery system development, (ix) translational research, (x) quality assurance and quality control development, (xi) compliance related monitoring and activities (including
biometry, data management, drug safety, integrated analysis, and health and economic research), (xii) clinical trials for the purpose of obtaining or maintaining Regulatory Approval, (xiii) Investigator Sponsored Clinical Studies,
(xiv) safety related studies and risk management programs, (xv) preparation of applications for regulatory approval, (xvi) clinical supply operations, including packaging and labeling a drug for investigational supply and shipping
drug to clinical trial sites, and (xvii) regulatory affairs related to all of the foregoing. Development, 

  
 4 

 EXECUTION VERSION 

 

 
as it pertains to VeriStrat in connection with Ficlatuzumab, means non-clinical (including pre-clinical) and
clinical assay development, related research, analytical development and validation and regulatory submission activities, including development and submission of a PMA or CE-IVD submission to be filed with the
relevant Regulatory Authority. When used as a verb, “Develop” means to engage in Development. 
 1.24. “Development
Costs”. Development Costs means the internal and external costs of a Party and/or its Affiliates incurred in Developing Ficlatuzumab, which costs shall include all costs and expenses invoiced by Third Parties for goods or services
(including direct costs of labor, materials, supplies, services, fees and other resources directly consumed or used in the Development of Ficlatuzumab), Third Party license fees (including those associated with
in-licenses), and the FTE Costs (calculated in accordance with GAAP, consistently applied) of a Party’s, and/or its Affiliates’, employees with respect to time properly allocated to the Development
of Ficlatuzumab. For the avoidance of doubt, except for those FTE costs associated with research intended to understand the VeriStrat mechanism, which FTE costs shall be excluded from Development Costs and Additional Development Costs hereunder, all
internal and external costs incurred by AVEO that are directly related to the Development Plan activities and all Additional Development Costs constitute Development Costs hereunder. 

1.25. “Diagnostic Data.” Diagnostic Data means any data or information provided by Biodesix or generated in the Development
or performance of VeriStrat obtained from any of (i) the generation of raw mass spectra from the Clinical Specimens, (ii) processing the raw mass spectra to generate the VeriStrat Labels from the Clinical Specimens, (iii) the
reporting of VeriStrat Labels to AVEO in a suitable format; (iv) the preparation of any reports assessing the performance of VeriStrat with the Clinical Specimens and Clinical Data (the “VeriStrat Results”) or (v) the
reporting of the VeriStrat Results to AVEO. 
 1.26. “EMEA”. EMEA means the European Medicines Evaluation Agency, or any
successor agency with responsibility for regulating the Development, Manufacture and Commercialization of human or veterinary pharmaceutical, diagnostic, or prophylactic products. 

1.27. “Existing Supply of Ficlatuzumab” means the supply of Ficlatuzumab that was manufactured prior to the Effective and
which AVEO has on-hand as of the Effective Date, which totals approximately nine (9) kilograms of Ficlatuzumab drug product filled in vials and [***] of Ficlatuzumab drug substance. 

1.28. “FDA” or “Food and Drug Administration”. FDA or Food and Drug Administration means the United States
Food and Drug Administration and any successor agency thereto with responsibility for regulating the Development, Manufacture and Commercialization of human or veterinary pharmaceutical, diagnostic, or prophylactic products. 

1.29. “Ficlatuzumab”. Ficlatuzumab means the humanized monoclonal Antibody that binds hepatocyte growth factor and is
designated by AVEO as “Ficlatuzumab.” 

  
 5 

 EXECUTION VERSION 

 

 1.30. “Ficlatuzumab Cost of Goods”. Ficlatuzumab Cost of Goods means the
standard unit cost of Manufacture of Ficlatuzumab, consisting of direct material and direct labor costs plus Manufacturing overhead attributable to Ficlatuzumab (including all directly incurred manufacturing variances), all calculated in accordance
with GAAP, consistently applied. Direct material costs will include the costs incurred in Manufacturing or purchasing materials, including freight-in costs, sales and excise taxes imposed thereon and customs
duty and charges levied by government authorities, and all costs of packaging components. Direct labor costs will include the FTE Costs of employees engaged in direct Manufacturing activities and direct or indirect quality control and quality
assurance activities who are directly employed in Manufacturing and packaging Ficlatuzumab. Overhead attributable to Ficlatuzumab will be calculated and allocated in a manner consistent with the method used to allocate overhead to other products
Manufactured in the same facility. Overhead attributable to Ficlatuzumab will include a reasonable allocation of indirect labor (not previously included in direct labor costs), a reasonable allocation of administrative costs, and a reasonable
allocation of facilities costs, all in accordance with GAAP, consistently applied. Overhead will not include corporate administrative overhead or plant start-up costs or costs associated with excess or idle
capacity. Alternatively, if Ficlatuzumab is Manufactured by a Third Party manufacturer, the Ficlatuzumab Cost of Goods means the actual price paid by a Party and/or its Affiliates to the Third Party for the Manufacture, supply and packaging of
Ficlatuzumab and all taxes and shipping costs related thereto, and the FTE Costs of such Party’s and/or its Affiliates’ employees engaged in activities relating to the selection and management of such Third Party manufacturer and the
management of such supply (including quality control and quality assistance activities). 
 1.31. “First Commercial Sale”.
First Commercial Sale means the first bona fide arm’s length sale of Ficlatuzumab sold to a Third Party in the Territory by or on behalf of a Party, its Affiliates or Licensees after Regulatory Approval has been obtained for Ficlatuzumab.

 1.32. “FTE”. FTE means the number of full-time-equivalent person-years (each consisting of a total of 2080 hours) of
Development, Manufacturing or Commercialization work by each Party’s personnel on or directly related to the applicable activity conducted hereunder. 

1.33. “FTE Cost”. FTE Cost means the amount obtained by multiplying (a) the number of FTEs by (b) [***], increased
annually by the percentage increase in the CPI as of December 31 of the then most recently ended Calendar Year (if any) over the level of the CPI as of December 31 of the preceding Calendar Year, (i.e., the first such increase could
occur on January 1, 2015 and would be based on the CPI percentage increase between December 31, 2013 and December 31, 2014). 

1.34. “GAAP”. GAAP means accounting principles generally accepted in the United States of America, as consistently applied.

 1.35. “Intellectual Property”. Intellectual Property means Know-How and the
Patent Rights. 
 1.36. “IND” or “Investigational New Drug Application”. IND or Investigational New Drug
Application means (a) (i) in the United States, an Investigational New Drug Application, as defined in the United States Federal Food, Drug, and Cosmetic Act, as amended from time to time (the “FD&C Act”), and the
regulations promulgated thereunder, as amended from time to time, that is required to be filed with the FDA before beginning clinical testing of a product in human subjects, or any successor application or procedure, and (ii) any counterpart of
such Investigational New Drug Application in any country other than the United States in the Territory (e.g., a CTX), and (b) all supplements and amendments that may be filed with respect to any of the foregoing. 

  
 6 

 EXECUTION VERSION 

 

 1.37. “Investigator Sponsored Clinical Study”. Investigator Sponsored
Clinical Study means a human clinical study of a product that is sponsored and conducted by a Third Party under an agreement with a Party pursuant to which such Party provides the Third Party with clinical supplies of the product or funding for such
clinical study. 
 1.38. “Joint Patent Rights”. Joint Patent Rights means all Patent Rights that claim or disclose Joint
Inventions. 
 1.39. “Know-How”. Know-How
means proprietary, non-public information and materials, whether patentable or not, including (a) ideas, discoveries, inventions, improvements or trade secrets, (b) pharmaceutical, chemical and
biological materials, products and compositions, (c) tests, assays, techniques, data, methods, procedures, formulas, and/or processes, (d) technical and non-technical data and other information
relating to any of the foregoing, (e) drawings, plans, designs, diagrams, sketches, specifications and/or other documents containing or relating to such information or materials, and (f) business processes, price data and information,
marketing data and information, sales data and information, marketing plans and market research. 
 1.40. “Law” or
“Laws”. Law or Laws means all statutes, laws, rules, regulations, administrative codes, ordinances, decrees, orders, decisions, injunctions, awards judgments, permits and licenses of or from governmental authorities, including those
promulgated by a Regulatory Authority and the listing standards or agreements of any national or international securities exchange. 
 1.41.
“License Income”. License Income shall mean all amounts received by a Party and/or its Affiliates from Third Parties in connection with or related to the licensing or sublicensing to such Third Parties of rights to Ficlatuzumab,
including: (i) all upfront fees, milestone payments and royalties; (ii) transfer pricing amounts paid in respect of Ficlatuzumab supplied to such Third Parties; (iii) investments in securities; and (iv) research and Development
funding, but (notwithstanding the foregoing) excluding: 
 (a) transfer pricing amounts equal to such Party’s and/or its
Affiliates’ Ficlatuzumab Cost of Goods supplied to such Third Parties; 
 (b) amounts received by such Party and/or its Affiliates from
such Third Parties as the purchase price for such Party’s and/or its Affiliates’ debt or equity securities at prices not in excess of the then-current market price of such securities or, if such securities are not publicly traded, the
then-current fair market value of such securities; 
 (c) amounts received by such Party and/or its Affiliates for future research and
Development activities undertaken for, or in collaboration with, or other services provided to, such Third Parties at rates not to exceed the fair market value of such services, and 

(d) amounts received by such Party and/or its Affiliates as reimbursement for costs incurred by such Party and/or its Affiliates after the
grant of the license or sublicense in the performance of such Party’s and/or its Affiliates’ obligations thereunder. 

  
 7 

 EXECUTION VERSION 

 

 1.42. “Licensee”. Licensee means a Third Party that is not an Affiliate of a
Party and to whom a Party has granted a license or sublicense to Develop, Commercialize, Manufacture, fill and finish, register, distribute and/or sell Ficlatuzumab. 

1.43. “Major Markets”. Major Markets means the United States, Japan and each individual member state of the European Union
(as they may exist from time to time during the Term). 
 1.44. “Manufacture”. Manufacture means, with respect to a
product, all activities related to the manufacturing of such product, including test method development and stability testing, formulation, process development, manufacturing scale-up, manufacturing for use in
non-clinical and clinical studies, manufacturing for commercial sale, packaging, release of product, quality assurance/quality control development, quality control testing (including in-process release and stability testing) and release of product or any component or ingredient thereof, and regulatory activities related to all of the foregoing. 

1.45. “MHW”. MHW means the Japanese Ministry of Health, Labour and Welfare, or any successor agency with responsibility for
regulating the Development, Manufacture and Commercialization of human or veterinary pharmaceutical, diagnostic, or prophylactic products. 

1.46. “NSCLC”. NSCLC means non-small-cell lung carcinoma. 

1.47. “NSCLC POC Trial”. NSCLC POC Trial means a Phase 2 Clinical Trial of Ficlatuzumab in which VeriStrat will be used to
select clinical trial subjects that is designed to demonstrate efficacy in treating NSCLC in accordance with the NSCLC POC Trial Plan and that, if applicable study endpoints are achieved, would: (a) provide a sufficient basis for commencing
Phase 3 Clinical Trials of Ficlatuzumab; and (b) support the strategy of seeking Regulatory Approval for Ficlatuzumab, however, in the event that, upon a decision by the JSC, the Parties elect to conduct an adaptive Phase 2/3 trial with an
interim analysis (the “Phase 2/3 Trial”) in lieu of the NSCLC POC Trial, all references herein to the NSCLC POC Trial shall refer to the Phase 2/3 Trial and for the purposes of the Opt-Out,
the completion of the Phase 2/3 Trial shall be the decision point for such Opt-Out, including for the purposes of Section 3.5(c)(ii). 

1.48. “NSCLC POC Trial Plan”. NSCLC POC Trial Plan means the written plan outlining the activities to be conducted by or on
behalf of the Parties in furtherance of a NSCLC POC Trial, as is set forth as part of the Development Plan attached hereto as Exhibit A and as may be amended from time to time pursuant to Section 3.2. 

1.49. “Opt-Out”. Opt-Out means an election by
one Party to cease further participation in funding and conducting the NSCLC POC Trial or in funding Additional Development Costs. 
 1.50.
“Opt-Out Phase”. Opt-Out Phase means the phase of this Agreement following the effective date of Opt-Out as
described in Section 3.5(c), if any. 
 1.51. “Opt-Out Royalty”. Opt-Out Royalty means the royalty described in Exhibit B, as the same shall be set forth in the Commercialization Agreement. 

  
 8 

 EXECUTION VERSION 

 

 1.52. “Party” or “Parties”. Party or Parties means AVEO
and/or Biodesix, as the context requires. 
 1.53. “Patent Rights”. Patent Rights means the rights and interest in and to
all issued patents and pending patent applications in any country or jurisdiction in the Territory, including, all provisionals, divisions, continuations, renewals,
continuations-in-part, patents of addition, reexaminations, supplementary protection certificates, extensions, registrations or confirmation patents, restoration of
patent terms, and reissues thereof. 
 1.54. “Person”. Person means any natural person, corporation, general partnership,
limited partnership, joint venture, proprietorship or other business organization. 
 1.55. “Phase 2 Clinical Trial”. Phase
2 Clinical Trial means a human clinical trial in the United States that would satisfy the requirements of 21 CFR 312.21(b) or an equivalent human clinical trial in any country outside the United States that would satisfy the requirements applicable
to such human clinical trial in such country. 
 1.56. “Phase 3 Clinical Trial”. Phase 3 Clinical Trial means a human
clinical trial in the United States that would satisfy the requirements of 21 CFR 312.21(c) or an equivalent human clinical trial in any country outside the United States that would satisfy the requirements applicable to such human clinical trial in
such country. 
 1.57. “Profit Sharing Phase”. Profit Sharing Phase means the phase of this Agreement prior to the
effective date of any Opt-Out. 
 1.58. “Regulatory Approval”. Regulatory Approval
means the granting, whether through lapse of time or otherwise, by a Regulatory Authority of approval to market a pharmaceutical product or in vitro diagnostic product in a country in the Territory including, for example, an New Drug Application,
(“NDA”), Biologics License Application (“BLA”), and Premarket Approval (“PMA”), among others. 

1.59. “Regulatory Authority”. Regulatory Authority means any United States federal, state, or local government, or any
foreign government, or political subdivision thereof, or any multinational organization or authority or any authority, agency or commission entitled to exercise any administrative, executive, judicial, legislative, police, regulatory or taxing
authority or power, any court or tribunal (or any department, bureau or division thereof), or any governmental arbitrator or arbitral body, including the FDA, EMEA or MHW, with responsibility for granting licenses or approvals (with the exception of
price approvals) necessary for the marketing and sale of pharmaceutical products or IVD devices in any country. 
 1.60.
“Territory”. Territory means all countries of the world. 
 1.61. “Third Party”. Third Party means any
entity other than AVEO or Biodesix or any of their respective Affiliates. 
 1.62. “United States”. United States means the
United States, its territories and possessions. 

  
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 1.63. “VeriStrat”. VeriStrat means Biodesix’s mass spectrometry and
software-based test system, which stratifies patients into groups with different outcomes following treatment with various pharmaceutical agents, and any progeny, improvements and derivatives thereof, as the same may be rebranded in the sole
discretion of Biodesix (e.g., “Ficlastrat”). 
 1.64. “VeriStrat Cost of Goods”. VeriStrat Cost of Goods means
the aggregate costs incurred in delivering Biodesix’s VeriStrat test results to clinicians calculated on a per test basis which costs consist of (1) direct labor, (2) logistics, (3) supplies, (4) equipment and
infrastructure, (5) license and royalties and (6) other directly related costs, which aggregate costs shall not exceed [***] per test plus international shipping costs, if any. Direct labor includes the costs of laboratory personnel.
Logistics includes the cost of collection kits, sample collection expenses, and shipping charges to transport kits to the clinician sites and samples from the clinician sites to our laboratory, excluding international shipping costs which shall be
in addition to any such costs for logistics. Supplies reflects the costs of supplies used to process test samples. Equipment and infrastructure includes depreciation and maintenance costs associated with equipment used to process test samples as
well as facility occupancy and allocated overhead costs. Licenses and royalties are calculated per contracted agreements. Other directly related costs include patent amortization, software expenses, collection fees on revenue and contracted
services. 
 1.65. “VeriStrat Labels”. VeriStrat Labels mean the clinical labels generated upon the performance of
VeriStrat, where such label(s) indicate differential clinical outcomes associated with each respective patient so analyzed under VeriStrat. 

1.66. Additional Definitions. Each of the following definitions is set forth in the section of this Agreement indicated below: 

 

			
	 Definition:
	  	 Section:

	 AAA
	  	14.2(a)
	 Additional Development Costs
	  	3.5(b)
	 Agents
	  	10.1
	 Agreement
	  	Preamble
	 Alliance Manager
	  	2.7
	 assignee
	  	9.1(e)
	 assignor
	  	9.1(e)
	 audited Party
	  	5.5
	 auditing Party
	  	5.5
	 AVEO
	  	Preamble
	 AVEO Parties
	  	12.1
	 Biodesix
	  	Preamble
	 Biodesix Parties
	  	12.2
	 Cap
	  	3.5(a)
	 Confidential Information
	  	10.2
	 Commercial Insurance
	  	12.4
	 Deposit
	  	5.1
	 Development Plan
	  	3.1
	 Effective Date
	  	Preamble
	 Indemnified Party
	  	12.3(a)

  
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 EXECUTION VERSION 

 

			
	 Definition:
	  	 Section:

	 Indemnifying Party
	  	12.3(a)
	 IVD
	  	3.1(c)
	 JCDT
	  	2.9
	 JSC
	  	2.1
	 Limited Data Set
	  	1.15
	 Losses
	  	12.1
	 MCA
	  	Introduction
	 MTA
	  	Introduction
	 Opt-Out Notice
	  	3.5(c)
	 Personal Data
	  	3.4(a)
	 Phase 2/3 Trial
	  	1.47
	 Product Liability Insurance
	  	12.4
	 Term
	  	13.1
	 Third Party Claims
	  	12.1
	 VeriStrat Development Plan
	  	7.1
	 VeriStrat Results
	  	1.25

 ARTICLE II - GOVERNANCE 

2.1. Creation and Structure of the JSC. The Parties shall create a joint steering committee (the “JSC”) to facilitate
the Parties’ collaboration called for herein. The JSC shall consist of three (3) representatives designated by each Party, or such other number as the Parties may mutually agree, each of whom shall be employees of their respective Party
and none of whom are the Chief Executive Officer of either Party. As soon as practicable following the Effective Date (but in no event more than thirty (30) days following the Effective Date), each Party shall designate its initial
representatives on the JSC. The JSC shall appoint a chairperson from among its members, who shall alternate annually between representatives of AVEO and representatives of Biodesix, with the first such chairperson being an AVEO representative. The
chairperson will be responsible for scheduling and leading meetings, establishing meeting agendas and other administrative matters relative to the meetings of the JSC but will have no express or implied authority beyond that held by the other
members of the JSC. Each Party shall be free to change its representatives on written notice to the other or to send a substitute representative to any JSC meeting; provided, however, that each Party will ensure that at all times
during the existence of the JSC, its representatives on the JSC are appropriate in terms of expertise and seniority (including at least one member of senior management) in the context of the collaboration of the Parties hereunder. For avoidance of
doubt, notwithstanding any language to the contrary herein, neither Party shall charge the other Party, whether through Ficlatuzumab Cost of Goods or otherwise, any FTE or overhead costs for such Party’s three (3) designated
representatives’ participation in the JSC or such three (3) designated representatives’ activities performed hereunder. 

2.2. Meetings. The JSC shall meet on a quarterly basis, or more often as the Parties shall agree. At least two (2) such meetings
in each Calendar Year shall be conducted in-person, while the remainder may be conducted by video conference or teleconference, as determined by the JSC. In-person
meetings of the JSC shall alternate between the offices of AVEO and Biodesix. Each Alliance Manager shall serve as secretary of each meeting and the Alliance Managers shall be collectively responsible for preparing the minutes of each meeting. Such
minutes shall provide 

  
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a description in reasonable detail of the discussions held at the meeting and a list of any actions, decisions or determinations approved by the JSC. The Parties agree that they shall endeavor to
ensure that initial draft minutes of each meeting shall be distributed no later than fourteen (14) days following the meeting, any objections to the contents thereof shall be directed to the Alliance Managers of each Party within [***] days
following such distribution, and final minutes shall be approved by both Parties at such subsequent JSC meeting. Final minutes of each meeting shall be distributed to the members of the JSC by the chairperson. The JSC may also convene, or be polled
or consulted, from time to time by means of telecommunications, video conferencing or written correspondence, as deemed necessary or appropriate. Each Party shall disclose to the other proposed agenda items in advance of each meeting of the JSC. The
JSC may invite other representatives of the Parties with special skills or knowledge to attend meetings where appropriate. The JSC shall adopt such other rules as shall be necessary or convenient for its work. Each Party shall be responsible for all
travel and other costs for its representatives to attend meetings of, and otherwise participate on, the JSC. 
 2.3. Responsibilities of
the JSC. The JSC shall function as a forum for the Parties to inform and consult with one another concerning progress of Development Plan activities and VeriStrat Development Plan activities pursuant to Article VII. The Parties shall use
Commercially Reasonable Efforts to: (i) support the Development of Ficlatuzumab in multiple indications following successful completion of the NSCLC POC Trial; and (ii) reach consensus on all issues within the responsibility of the JSC.
Without limiting the foregoing, except as otherwise set forth in Sections 3.6 and 4.1, the JSC shall be responsible for: 
 (a)
reviewing, approving, monitoring and modifying (as the JSC deems appropriate) the Development Plan (including associated budgets) and, subject to execution of the Commercialization Agreement, the Commercialization plan(s) and budget(s) thereunder;

 (b) reviewing, approving, monitoring and modifying (as the JSC deems appropriate) the VeriStrat Development Plan; 

(c) planning strategy, coordinating and monitoring the progress of the Development of Ficlatuzumab and VeriStrat in connection with
Ficlatuzumab, including the NSCLC POC Trial; and 
 (d) approving licensing of Development and/or Commercialization rights to Ficlatuzumab
as contemplated by Section 4.1. 
 2.4. Subcommittees of the JSC and Other Committees. From time to time, the JSC may establish
one or more subcommittees to oversee particular projects or activities related to Development Plan activities, which subcommittees will include at least one representative of each Party and which will report to the JSC or another committee
designated by the JSC unless otherwise decided by the JSC. 
 2.5. Decisions of the JSC. At least two JSC representatives from each
Party must participate in a meeting of the JSC (and at least one representative of each Party must participate in a meeting of any subcommittee thereof) in order for there to be a quorum for such meeting. Subject to the remainder of this
Section 2.5, all decisions of the JSC (or any subcommittee thereof) 

  
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shall be made by the unanimous vote of the members of the JSC, with the JSC representatives of each Party collectively having one vote. The Parties shall use reasonable good faith efforts to
reach consensus on all issues within the responsibility of the JSC. If members of the JSC cannot agree with respect to a particular issue within the responsibility of the JSC (or any subcommittee thereof), then such issue shall be referred to the
Chief Executive Officers of the Parties who shall meet in a good faith effort to resolve the dispute within [***] days. To the greatest extent practicable, all decisions of the JSC with respect to action items to be carried out in furtherance of the
Development Plan shall detail the item approved, the person or team authorized to initiate and carry out the action item, the budget related thereto and any limitations as to the scope of authority granted to such person or team. 

2.6. Limitation on JSC Authority. Notwithstanding the creation of the JSC, each Party shall retain the rights, powers and discretions
granted to it hereunder, and the JSC shall not be delegated or vested with any such rights, powers or discretion unless such delegation or vesting is expressly provided for herein or the Parties expressly so agree in writing. The JSC shall not have
the power to make any decisions other than those expressly set forth in this Agreement. Without limiting the generality of the foregoing, the JSC may not amend or modify this Agreement, which may be amended or modified only as provided in
Section 15.4, and the Parties shall ensure that their respective JSC Representatives shall not unreasonably withhold their agreement to matters before the JSC if such withholding of agreement would be inconsistent with the exercise of
Commercially Reasonable Efforts to Develop Ficlatuzumab, subject to Section 3.7(c). 
 2.7. Alliance Managers. Biodesix and AVEO
shall each appoint one person to coordinate their respective activities pursuant to this Agreement (the “Alliance Managers”). Such individuals shall be responsible for, among other things, ensuring the appropriate level of
information exchange between the Parties regarding the Development Plan and the VeriStrat Development Plan as well as scheduling and attending the JSC and JCDT meetings. 

2.8. Reports to JSC. Each Party shall provide the JSC on a quarterly basis with reports regarding the activities performed by such
Party under the Development Plan. Each such report shall summarize in reasonable detail the major activities undertaken by such Party during the prior Calendar Quarter, as well as the results of such activities. Such reports will be accurate and,
where appropriate, will contain raw data from studies carried out by or on behalf of such Party. 
 2.9. Joint Co-Development Team. The Parties shall also establish a Joint Co-Development Team (the “JCDT”) which shall be responsible for integrating the Development
Plan with the VeriStrat Development Plan. The JCDT shall consist of three (3) representatives designated by each Party, or such other number as the Parties may mutually agree. Each Party shall designate representatives for participation in the
JCDT, at least one of whom shall be an employee of each Party and which members shall collectively have clinical, regulatory and pre-commercial expertise. AVEO will lead drafting of the Development Plan,
including publication and presentations plans for review by the JCDT, and Biodesix will lead drafting of the VeriStrat Development Plan, including publication and presentation plans for review by the JCDT. The JCDT shall be responsible for agreeing
to and integrating the foregoing plans for submission to the JSC for approval for each indication. 

  
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 2.10. Dissolution. Neither Party shall have any right nor obligation under this
Article II, and the JSC and JCDT shall be dissolved, upon the effectiveness of Opt-Out by either Party under Section 3.5(c). 

ARTICLE III -FICLATUZUMAB DEVELOPMENT; COST RESPONSIBILITIES; DEVELOPMENT OPT-OUT 

3.1. Ficlatuzumab Development. 

(a) Prior to the Effective Date, AVEO commenced a Development program for Ficlatuzumab, and following the Effective Date AVEO shall use
Commercially Reasonable Efforts to continue to Develop Ficlatuzumab pursuant to Development plans approved by the JSC (such plans, collectively the “Development Plan”), as such Development Plan may be amended by the JSC from time to
time. An initial Development Plan is attached hereto as Exhibit A and includes the NSCLC POC Trial Plan. 
 (b) The Parties will use
Commercially Reasonable Efforts to complete their respective obligations under the Development Plan within the timeframes specified in the Development Plan. Each Party will promptly inform the other Party in the event that it anticipates or
experiences a delay in the completion of any such obligations. Each Party shall be responsible for any delay or failure by it (or its Affiliates) to timely complete its obligations under the Development Plan, except (a) to the extent that such
failure or delay is caused by a delay or failure of performance by the other Party or a contract manufacturer, or (b) as may otherwise be mutually agreed in writing by the Parties. Notwithstanding the foregoing, AVEO shall not have any further
obligation to continue to conduct the Development Plan during the Opt-Out Phase. 
 (c) The Parties
will collaborate on the regulatory strategy in the jurisdictions in the Territory for obtaining Regulatory Approval for the combination use of Ficlatuzumab in connection with the in vitro diagnostic (“IVD”) developed pursuant to the
VeriStrat Development Plan and any other assays decided upon by the JSC pursuant to Section 3.7(c), and in the preparation and/or exchange of any documents necessary to support any INDs, NDAs, BLAs, PMAs or other applications for such
Regulatory Approvals. 
 3.2. Modifications to Development Plan. The Parties acknowledge that the initial Development Plan, including
the initial NSCLC POC Trial Plan contained therein, does not set forth all material activities, timelines, obligations and specifications necessary for the execution of the Development Plan, and further acknowledge that requests from Regulatory
Authorities may necessitate modifications to the Development Plan. The Parties agree that, as soon as practicable following the Effective Date, the initial Development Plan will be modified and made more comprehensive pursuant to direction and
approval by the JSC, with the understanding that the JSC shall agree on a final design for the NSCLC POC Trial that meets the following criteria: (a) the NSCLC POC Trial shall enroll no less than [***] patients; (b) the NSCLC POC Trial
shall be designed to cost no more than [***] and (c) the NSCLC POC Trial shall be designed to meet regulatory requirements and conform with FDA feedback. Thereafter, as may be necessary from time-to-time, whether due to Regulatory Authority requests or otherwise, the JSC shall review proposed revisions to the Development Plan. If the JSC approves such revisions, then the JSC shall revise the
Development Plan accordingly without need for amending this Agreement. The Parties shall not unreasonably withhold their consent to appropriate Development Plan revisions. The revised Development Plan shall thereafter be the Development Plan for all
purposes of this Agreement. 

  
 14 

 EXECUTION VERSION 

 

 3.3. Existing Supply of Ficlatuzumab. AVEO shall supply the Existing Supply of
Ficlatuzumab as needed for the conduct of the Development Plan at no charge, provided that, Biodesix will reimburse AVEO for 50% of the Ficlatuzumab Cost of Goods incurred by AVEO in connection with any such supply for Investigator
Sponsored Clinical Studies approved by the JSC. AVEO may not dispose of, or supply to any Third Party, any of the Existing Supply of Ficlatuzumab without prior approval of the JSC. 

3.4. Clinical Specimens. 

(a) In connection with the Development Plan and with Biodesix’s activities under Article VII, AVEO shall furnish to Biodesix certain
quantities of Clinical Specimens as agreed upon and set forth in the Development Plan or otherwise agreed upon by the JSC. Biodesix will comply with all applicable Laws relating to the Clinical Specimens. Without limiting the foregoing, to the
extent that the Clinical Specimens include human specimens, AVEO represents and warrants to Biodesix that either it has obtained all informed consents and Institutional Review Board (IRB)/Ethics Committee (EC) approval(s) required by applicable
Law with respect to such Clinical Specimens procured by AVEO or that it is not required under applicable Law to obtain such informed consents and/or has received a waiver for consent from an IRB/EC. Notwithstanding the foregoing, in the event of an Opt-Out by either Party, the provisions of Section 3.6 shall control. 
 (b) Biodesix agrees to
retain possession of the Clinical Specimens and not to provide the Clinical Specimens to any Third Party (except for Third Parties conducting Development Plan activities pursuant to this Agreement and for whose performance and compliance with the
terms of this Agreement Biodesix remains primarily liable to AVEO) or to use or permit the use of any of the Clinical Specimens for any purpose other than the Development of VeriStrat in accordance with this Agreement without the prior approval of
the JSC. Notwithstanding the foregoing, in the event of an Opt-Out by either Party, the provisions of Section 3.6 shall control. ALL CLINICAL SPECIMENS ARE PROVIDED “AS IS” AND WITHOUT ANY
REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR OF FITNESS FOR ANY PARTICULAR PURPOSE OR ANY WARRANTY THAT THE USE OF THE CLINICAL SPECIMENS WILL NOT INFRINGE OR VIOLATE ANY PATENT OR OTHER
PROPRIETARY RIGHTS OF ANY THIRD PARTY. 
 (c) AVEO will transmit to Biodesix the Clinical Data in the form of a Limited Data Set, which
shall not contain any data that identifies or could be used to identify an individual (“Personal Data”). However, to the extent that Personal Data can be identified from any Clinical Specimens, participation in the Development Plan
or otherwise, Biodesix shall hold in confidence all Personal Data except as required or permitted under this Agreement, or to the extent necessary to be disclosed to Regulatory Authorities as part of the review process. In addition, Biodesix shall
comply with all applicable Laws with respect to the collection, use, storage, and disclosure of any Personal Data, including the U.S. Health Insurance Portability and Accountability Act (“HIPAA”),

  
 15 

 EXECUTION VERSION 

 

 
as amended, and the regulations promulgated thereunder, to the extent such Personal Data consists of Protected Health Information (PHI) as defined in HIPAA. Biodesix agrees to use
commercially reasonable efforts to ensure that appropriate technical and organization measures are taken to protect Personal Data, including PHI, against loss, misuse, and any unauthorized, accidental, or unlawful access, disclosure, alteration, or
destruction, including implementation and enforcement of administrative, technical, and physical security policies and procedures applicable to Personal Data and, to the extent applicable, PHI. 

3.5. Funding; Opt-Out. 

(a) Other than with respect to AVEO’s supply of Ficlatuzumab (which is governed by Section 3.3), Biodesix will reimburse AVEO for
all Development Costs incurred by AVEO in connection with the conduct of the NSCLC POC Trial after the Effective Date in accordance with the NSCLC POC Trial Plan, up to an aggregate reimbursement of fifteen million U.S. dollars ($15,000,000)
(the “Cap”), subject to reduction as set forth below for Development Costs incurred by Biodesix for the conduct of the NSCLC POC Trial with the approval of the JSC. If the NSCLC POC Trial Plan budget is modified such that the
aggregate Development Costs to be incurred in conducting the NSCLC POC Trial will exceed the Cap, then such excess Development Costs shall constitute Additional Development Costs and shall be borne by the Parties as set forth in Section 3.5(b)
below. If Biodesix incurs Development Costs in connection with the conduct of the NSCLC POC Trial with the approval of the JSC, Biodesix shall pay for such costs, such costs shall reduce the Cap, and, after the Cap has been reached, such costs
incurred by Biodesix shall be included in Additional Development Costs and borne by the Parties as set forth in Section 3.5(b). 
 (b)
Biodesix will reimburse AVEO for 50% of all Additional Development Costs incurred by AVEO. “Additional Development Costs” means: (i) all Development Costs incurred in conducting the NSCLC POC Trial Plan in excess of the Cap;
(ii) all Development Costs associated with the Development of Ficlatuzumab under the Development Plan other than costs incurred in conducting the NSCLC POC Trial Plan; and (iii) Ficlatuzumab Cost of Goods for supply in excess of the
Existing Supply of Ficlatuzumab. If Biodesix incurs Additional Development Costs with the approval of the JSC, such costs shall be reconciled with, and off-set from, as appropriate, the Additional Development
Costs incurred by AVEO such that each Party bears 50% of the aggregate Additional Development Costs. 
 (c) Either Party may elect to Opt-Out solely after the earlier to occur of: (i) the Cap being reached or (ii) the completion of the NSCLC POC Trial, by providing three (3) months written notice to the other Party (the “Opt-Out Notice”), but in no event may either Party Opt-Out after the First Commercial Sale of Ficlatuzumab. In the event a Party elects to Opt-Out, the Parties shall proceed as specified under Section 3.6. For the avoidance of doubt, neither Party has the right to Opt-Out except as expressly set forth in
this Section 3.5(c). The effective date of any permitted Opt-Out shall be the date three (3) months following the date the Opt-Out Notice is given to the other
Party. 

  
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 EXECUTION VERSION 

 

 3.6. Opt-Out Mechanics. 

(a) If Biodesix elects to Opt-Out pursuant to Section 3.5(c), then, upon the expiration of the Opt-Out notice period: (i) Biodesix shall continue to be responsible hereunder for reimbursement of Development Costs as described in Sections 3.3 and 3.5 with respect to then-ongoing clinical trials under
the Development Plan and with respect to any then-committed, non-cancellable Development Costs under the Development Plan; (ii) Biodesix shall have no further responsibility pursuant to Sections 3.3
or 3.5 except as set forth in the foregoing clause (i), provided that the Opt-Out election does not derogate from any accrued but unpaid obligations; (iii) Biodesix shall cease to be entitled to
share in the profits and losses resulting from the Commercialization of Ficlatuzumab and shall instead be entitled to the Opt-Out Royalty; (iv) AVEO shall have sole discretion over the continued conduct
of the Development Plan and shall have the right to amend the Development Plan without oversight or approval of the JSC or Biodesix; (v) Biodesix shall remain responsible for its Development obligations hereunder with respect to VeriStrat,
including with respect to obtaining PMA approval of Veristrat as a Companion Diagnostic on a timeline previously approved by the JSC and consistent with the timeline for approval of Ficlatuzumab, and the Parties shall negotiate in good faith as set
forth in Section 6.1 to enter into an agreement pursuant to which Biodesix will agree to perform the VeriStrat Commercialization obligations set forth in Exhibit B under “Veristrat Commercialization” and “Opt-Out” and AVEO shall continue to be responsible for reimbursing Biodesix for each VeriStrat test sold in a jurisdiction where AVEO commercializes Ficlatuzumab and Biodesix has not obtained
reimbursement for VeriStrat in connection with Ficlatuzumab as and to the extent set forth in Section 7.4 below, but AVEO shall not otherwise be obligated to make payments to Biodesix in consideration for Biodesix’s performance of
Biodesix’s Development and Commercialization obligations with respect to VeriStrat. For the avoidance o doubt, all of Biodesix’s obligations under Article VII shall continue in full force and effect notwithstanding any Opt-Out by Biodesix and the Parties will cooperate in good faith to establish a mutually acceptable method and process for exchanging the information necessary to coordinate the continued Development of Ficlatuzumab
in connection with VeriStrat to the extent that AVEO desires to continue such development following such Opt-Out by Biodesix. 

(b) If AVEO elects to Opt-Out pursuant to Section 3.5(c), then, upon the expiration of the Opt-Out notice period: 
 (i) Biodesix may, at its sole cost and expense, control the conduct of further
Development of Ficlatuzumab (including obtaining Regulatory Approvals), and AVEO shall (A) transfer to Biodesix, subject to clause (B) below and Sections 3.4 and 9.2(c) herein, the Clinical Specimens, Clinical Data (including the
applicable clinical database) and related supporting documentation and (B) negotiate with Biodesix in good faith and grant an exclusive license, with rights to sub-license, to use the AVEO Intellectual
Property to the extent reasonably necessary to enable Biodesix to Develop and Commercialize Ficlatuzumab, which license shall be granted at no additional cost (provided that such license shall be subject to the terms and conditions of the AVEO Third
Party Agreements and, subject to the deduction of such costs from net sales described in the Opt-Out Royalty provisions of Exhibit B, Biodesix shall be obligated to make any and all payments due under the AVEO
Third Party Agreements as identified herein by AVEO that relate to such license); 

  
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 EXECUTION VERSION 

 

 (ii) AVEO shall continue to be responsible for its share of Development Costs under
Section 3.3 and Section 3.5 with respect to then-ongoing clinical trials under the Development Plan and with respect to any then-committed, non-cancellable Development Costs under the Development
Plan; 
 (iii) AVEO shall transfer to Biodesix AVEO’s ownership of any regulatory filings and Regulatory Approvals relating to
Ficlatuzumab (including related correspondence with Regulatory Authorities); 
 (iv) AVEO and Biodesix shall cooperate to transfer to
Biodesix any then-ongoing clinical trials and Biodesix shall assume all responsibilities therefor; 
 (v) following the effective date of
such Opt-Out, AVEO shall have no further responsibility pursuant to Sections 3.1 or 7.4; 

(vi) AVEO shall cease to be entitled to share in the profits and losses resulting from the Commercialization of Ficlatuzumab and shall
instead be entitled to the Opt-Out Royalty; 
 (vii) Biodesix shall have sole discretion over the
continued conduct of the Development Plan and shall have the right to amend the Development Plan without oversight or approval of the JSC or AVEO; and 

(viii) AVEO shall make the Existing Supply of Ficlatuzumab available to Biodesix for purposes of enabling Biodesix to complete the
Development thereof at no charge, provided that any supply of Ficlatuzumab that is not Existing Supply of Ficlatuzumab shall be provided at a price of [***] of AVEO’s Ficlatuzumab Cost of Goods therefor, pursuant to a supply
agreement to be mutually agreed upon between the Parties upon such Opt-Out; provided further that AVEO shall have no obligation to supply Ficlatuzumab for longer than [***] months following the Opt-Out. At Biodesix’s request during such [***] month period and at Biodesix’s expense, AVEO shall use Commercially Reasonable Efforts to provide a technology transfer, including, if permitted by the
terms thereof, the assignment of all AVEO Third Party Agreements requested by Biodesix, that enables Biodesix to continue the further Development and Commercialization of Ficlatuzumab in accordance with the Development Plan, this Agreement and/or
the Commercialization Agreement. AVEO either has prior to the Effective Date or will following the Effective Date request from the counterparties to the AVEO Third Party Agreements amendments thereto or consents thereunder permitting assignments
thereof to Biodesix in the circumstances described above, provided that (1) AVEO shall not be required to pay any consideration or grant any concessions in order to obtain any such amendments or consents and (2) AVEO shall have no
liability to Biodesix if the counterparties to the AVEO Third Party Agreements do not grant such amendments or consents. 
 3.7. AVEO
Covenants. AVEO shall not, and shall not engage with or otherwise make an arrangement with a Third Party to, copy, reproduce, modify or make derivative works of VeriStrat or VeriStrat Labels other than as required in connection with Developing,
seeking Regulatory Approval for or Commercializing Ficlatuzumab in accordance with this Agreement. AVEO shall not, and shall not engage with or otherwise make an arrangement with a Third Party 

  
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 EXECUTION VERSION 

 

 
to, decompile, disassemble or otherwise reverse engineer VeriStrat, VeriStrat Labels or VeriStrat Results (including their mechanism of action, feature values,
pre-processing steps, software or functionality), or aspects of Biodesix’s ProTS mass spectrometry analysis software or any portion thereof, or otherwise attempt to derive the source code or other trade
secrets embodied in VeriStrat, VeriStrat Labels or VeriStrat Results, or any aspects of Recipient’s ProTS mass spectrometry analysis software. For avoidance of doubt, AVEO shall not, and shall not engage with or otherwise make an arrangement
with a Third Party to, use VeriStrat, VeriStrat Labels or VeriStrat Results, for purposes of (i) training, designing, developing, verifying or validating a classifier or test, including without limitation, a diagnostic test, companion
diagnostic test, predictive test or prognostic test; (ii) correlating to biomarkers unless specifically set forth in the Development Plan; (iii) correlating to biomarkers in order to train, design, develop, verify or validate a classifier
or test, including, without limitation, a diagnostic test, companion diagnostic test, predictive test or prognostic test; (iv) being used in a manner to compete with Biodesix; or (v) procedures not set forth in the Development Plan or
related to the Development or Commercialization of Ficlatuzumab following an Opt-Out by Biodesix. Results of any unauthorized use of the VeriStrat Results, VeriStrat, VeriStrat Labels or Biodesix’s ProTS
mass spectrometry analysis software or any portion thereof shall belong solely and entirely to Biodesix with no obligations of any kind to AVEO or any Third Party pursuant to any agreement with AVEO or any Third Party that obtains access to the
VeriStrat Results, VeriStrat, VeriStrat Labels or Biodesix’s ProTS mass spectrometry analysis software or any portion thereof from AVEO. Notwithstanding the foregoing, (x) AVEO shall have no liability for any Third Party’s independent
activities in violation of the foregoing restrictions, and (y) AVEO and Biodesix may collaborate to perform translational work to identify a mechanism of action link between VeriStrat and Ficlatuzumab and/or to compare and correlate the
effectiveness of biomarkers. 
 In addition, during the Profit Sharing Phase: 

(a) VeriStrat will be used as a selection assay with respect to Ficlatuzumab for the NSCLC POC Trial indication and will be the focus of a co-development BLA and PMA approval assuming that the NSCLC POC Trial using VeriStrat as a selection assay are positive (i.e., primary endpoints met), provided that an EGFR mutation assay may also be used and be
required for Development for such indication. In addition, AVEO may use other assays solely for data in support of research, BLA application and drug marketing; 

(b) For clinical trial activities occurring after the NSCLC POC Trial, Biodesix shall have the right, at Biodesix’s cost, to analyze any
Ficlatuzumab clinical trial samples with VeriStrat or Biodesix technology. 
 (c) The JSC shall have final decision-making authority on any
further Companion Diagnostic Development of VeriStrat in connection with Ficlatuzumab as well as other diagnostic tests and/or biomarkers which may be useful for Ficlatuzumab, with the understanding that the JSC will make decisions based on the
totality of the data and scientific evidence, with the intent to optimize the value of Ficlatuzumab; provided, however, that, during the Profit Sharing Phase, the JSC shall give Biodesix the first opportunity (which opportunity may be provided
through Biodesix’s participation in JSC deliberations), on a jurisdiction by jurisdiction basis, to develop and/or supply any and all diagnostic tests and/or biomarkers determined by the JSC to be useful for Ficlatuzumab, to the extent such
development and/or supply is consistent with 

  
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optimizing the value of Ficlatuzumab. For clarity, the Parties agree that such deliberations shall be biased in favor of Biodesix in the event that any
non-Biodesix test also under consideration by the JSC is approximately equal in its potential to maximize the value of Ficlatuzumab to the potential offered by such Biodesix-test, provided that, the JSC’s
decisions as to whether or not to permit Biodesix to provide any such development and/or supply shall be based on the JSC’s determination of whether or not such development and/or supply by Biodesix would be consistent with optimizing the value
of Ficlatuzumab; and 
 (d) AVEO will notify Biodesix of any amendments to the AVEO Third-Party Agreements, including any amendments entered
into after delivery of an Opt-Out Notice by AVEO. 
 ARTICLE IV - LICENSING AND LICENSE REVENUE SHARING

 4.1. General. If either Party receives any communication from a Third-Party that inquires about licensing rights to
Ficlatuzumab, the receiving Party shall promptly notify the other Party. Subject to the approval of the JSC, the Parties may determine to license rights to one or more Third Parties for the Development and/or Commercialization of Ficlatuzumab in one
or more countries, provided that, if a Party has Opted-Out pursuant to Section 3.5(c), the other Party shall have sole decision-making authority over any such licensing of Development and/or
Commercialization rights. Provided that AVEO has not exercised its Opt-Out right, AVEO shall lead and control the negotiations of any agreement with any Licensee and keep Biodesix reasonably informed as to the
status thereof. In the event AVEO has exercised its Opt-Out, Biodesix will lead and control the negotiations of any agreement with any Licensee and keep AVEO reasonably informed as to the status thereof. Each
such license must be pursuant to a written agreement with AVEO or Biodesix, as the case may be, which written agreement shall be expressly approved by the JSC (except during the Opt-Out Phase), and the other
Party shall grant such rights and licenses as may be reasonably necessary to enable the contracting Party to enter into such license agreement. Each Party shall provide to the other Party a copy of any such written agreement it may enter into,
provided that such copy shall constitute the Confidential Information of the providing Party. 
 4.2. Scope. The parties acknowledge
that research agreements, clinical study agreements, investigator initiated studies, service agreements, manufacturing agreements, distribution agreements, promotion agreements and the like may contain a limited express or implied license to perform
the research, study, services or other activities that are the subject of said agreement. If the counterparty to any such agreement does not receive the right to Develop and/or Commercialize Ficlatuzumab other than as a service provider or
distributor for or on behalf of a Party, then (i) such agreement does not constitute a license agreement for which JSC approval is required under Section 4.1 and (ii) amounts received in connection with such agreement do not
constitute License Income hereunder. 
 4.3. License Income. 

(a) During the Profit Sharing Phase, AVEO shall remit to Biodesix fifty percent (50%) of all License Income accruing to AVEO during such time
period (i.e., the ‘Profit Share’ phase). 

  
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 (b) For such time period after Biodesix exercises its
Opt-Out (if any), AVEO shall remit to Biodesix twenty-five percent (25%) of License Income accruing to AVEO during such time period. 

(c) For such time period after AVEO exercises its Opt-Out (if any), Biodesix shall remit to AVEO
twenty-five percent (25%) of all License Income accruing to Biodesix during such time period. 
 ARTICLE V - PAYMENTS 

5.1. Development Costs. AVEO shall invoice Biodesix monthly while Development is ongoing for amounts incurred pursuant to the
Development Plan for which Biodesix is responsible pursuant to Sections 3.3 and 3.5, which invoices will provide reasonable detail with respect to each expense listed thereon. Provided such amounts are authorized by the Development Plan,
Biodesix will make payment of the same within [***] days of receipt of the invoice. If Biodesix incurs Additional Development Costs with the approval of the JSC as set forth in Section 3.5, such invoicing and payments pursuant to this
Section 5.1 shall account for such Additional Development Costs so that the Parties bear such costs as set forth in Section 3.5. 

5.2. License Income. All amounts due from one Party to the other Party under Article IV shall be due and payable on a Calendar
Quarterly Basis, with each payment encompassing amounts due associated with License Income actually received by the paying Party during such Calendar Quarter. Within [***] days of the end of each Calendar Quarter, each Party which received License
Income during such Calendar Quarter shall send a written report to the other Party setting forth the amount of License Income received and the corresponding payment amount due to the other Party under Article IV. The Party to receive such
payment amount shall invoice the other Party based on such report. 
 5.3. Payment Terms. Except as otherwise provided in
Section 5.1, all payments to be made by one Party to the other Party shall be made within thirty (30) days of the invoice date. All payments shall be in immediately available funds via either a bank wire transfer, an ACH (automated
clearing house) mechanism, or any other means of electronic funds transfer, at the paying Party’s election, to a bank account designated by the payee Party. All payments shall be made in U.S. dollars. No terms or conditions on any report,
invoice or similar document which would be in addition to or in conflict with any terms and conditions of this Agreement shall be of any force or effect. 

5.4. Late Payments. If a Party shall fail to make a timely payment pursuant to the terms of this Article V, interest shall accrue
on the past due amount as follows: 
 (a) for amounts [***] or fewer days past due, the rate applied shall be the [***] U.S. dollar
LIBOR rate effective for the date that payment was due (as published in The Wall Street Journal), computed for the actual number of days the payment was past due; and 

(b) for amounts greater than [***] days past due, the rate applied shall be the [***] U.S. dollar LIBOR rate effective for the date that
payment was due (as published in The Wall Street Journal) plus [***] per annum, computed for the actual number of days the payment was past due. 

  
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 5.5. Books and Records; Audit Rights. Each Party shall keep complete and accurate
records of the License Income accruing to and received by such Party, and AVEO shall keep complete and accurate records of Development Costs incurred which are subject to reimbursement by Biodesix under Sections 3.3 and 3.5. Additionally, AVEO
shall provide Biodesix with a monthly report detailing the percentage of time dedicated in such month to this co-development project by AVEO personnel, other than members of the JSC, the identify of such
persons, the annual salary of such persons, and a reasonably detailed description of the work performed by such persons within the applicable month. Each Party shall have the right, once annually at its own expense, to have an independent, certified
public accounting firm, selected by such Party (the “auditing Party”) and reasonably acceptable to the other Party (the “audited Party”), review any such records of the audited Party in the location(s) where such
records are maintained by the audited Party upon reasonable notice (which shall be no less than fourteen (14) days’ prior notice) and during regular business hours and under obligations of strict confidence, for the sole purpose of
verifying the basis and accuracy of payments made under this Agreement within the twelve (12) month period preceding the date of the request for review; provided that, if the audit determines an overpayment, in the case of Development Costs, or
an underpayment, in the case of License Income, of greater than [***], the auditing party may elect to audit the payments made during the twenty four (24) months preceding the date of the request for review. The audited Party shall receive a
copy of each such report concurrently with receipt by the auditing Party. Should such inspection lead to the discovery of a discrepancy to the auditing Party’s detriment, the audited Party shall pay within [***] Business Days after its
receipt from the accounting firm of the certificate of the amount of the discrepancy. The auditing Party shall pay the full cost of the review unless the overpayment, in the case of Development Costs, or the underpayment, in the case of License
Income, is greater than [***] of the amount due for the applicable period, in which case the audited Party shall pay the reasonable cost charged by such accounting firm for such review. Any overpayment by the audited Party revealed by an examination
shall be paid by the auditing Party within thirty (30) days. 
 5.6. Taxes. Each payee Party shall pay any and all taxes levied
on account of all payments it receives under this Agreement. If laws or regulations require that taxes be withheld, the paying Party will (a) deduct those taxes from the remittable payment, (b) timely pay the taxes to the proper taxing
authority, and (c) send proof of payment to the payee Party within thirty (30) days after receipt of confirmation of payment from the relevant taxing authority. The paying Party will reasonably cooperate with the payee Party to obtain the
benefit of any applicable tax law or treaty, including the pursuit of any refund or credit of such tax to the payee Party. 
 ARTICLE VI -
NEGOTIATION OF DEFINITIVE FICLATUZUMAB CO-COMMERCIALIZATION AGREEMENT 
 6.1. Negotiation of
Definitive Commercialization Agreement. The Parties shall, upon either receipt of positive results from the NSCLC POC Trial (i.e., results that the JSC determines will support the commencement of Phase 3 Clinical Trials of Ficlatuzumab or mutual
agreement by the Parties to proceed with a Phase 3 Clinical Trial of Ficlatuzumab), commence negotiations in good faith on the definitive Commercialization Agreement. If the Parties have not reached agreement on all substantive terms of a final form
of the Commercialization Agreement within [***] days of such receipt or such mutual agreement, the Parties will meet in person with the aim of finalizing remaining open issues. If the Parties have not fully reached

  
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 EXECUTION VERSION 

 

 
agreement on and executed the final form of definitive agreement within [***] days of such receipt or such mutual agreement, the remaining open issues will be escalated to the Chief
Executive Officers of each Party for joint resolution. The Chief Executive Officers shall meet in person to resolve all remaining issues and to agree on such final form o definitive agreement within [***] days of such receipt. Both Parties are
obliged to conduct the negotiations of the Commercialization Agreement in good faith and with reasonable diligence. Subject to Section 6.2 below, until such time as the Parties agree on and execute the final Commercialization Agreement, the
Parties recognize that each Party shall have the right to reasonably negotiate the terms and conditions thereof, including reasonable qualifications regarding terms and conditions outlined in Exhibit B, and no proposal by a Party to
reasonably qualify the terms and conditions outlined in Exhibit B shall be deemed a breach of this Agreement or any obligation created hereby. 

6.2. Definitive Term. The Parties acknowledge that certain details relating to the calculation of profits and losses associated with
the Commercialization of Ficlatuzumab in connection with VeriStrat must be mutually agreed upon in order to effectuate the following terms and conditions; however, the Parties hereby agree that the following term shall be included in the Commercial
Agreement: During the Profit Sharing Phase, AVEO and Biodesix shall share the profits and losses resulting from Commercialization of Ficlatuzumab by AVEO and Biodesix worldwide on a 50/50 basis. In addition, the Parties hereby agree that the
reimbursement and payment obligations provided for in Section 7.4(a) shall be included in the Commercialization Agreement. 
 ARTICLE VII -
VERISTRAT DEVELOPMENT AND COMMERCIALIZATION 
 7.1. VeriStrat Development. Prior to the Effective Date, Biodesix commenced a
Development program for VeriStrat, and following the Effective Date Biodesix shall use Commercially Reasonable Efforts to continue to Develop VeriStrat in connection with Ficlatuzumab pursuant to Development plans approved by the JSC (such plans,
collectively the “VeriStrat Development Plan”), as such VeriStrat Development Plan may be amended by the JSC from time to time. An initial VeriStrat Development Plan is attached hereto as Exhibit E Biodesix
will use Commercially Reasonable Efforts to complete its obligations under the VeriStrat Development Plan within the timeframes specified in the VeriStrat Development Plan. Biodesix will promptly inform AVEO in the event that it anticipates or
experiences a delay in the completion of any such obligations. Biodesix shall be responsible for any delay or failure by it (or its Affiliates) to timely complete its obligations under the VeriStrat Development Plan, except to the extent that
(a) such failure or delay is caused by a delay or failure of performance by AVEO or a contract manufacturer, or (b) as may otherwise be mutually agreed in writing by the Parties. 

7.2. Modifications to VeriStrat Development Plan. The Parties acknowledge that the initial Development Plan does not set forth all
material activities, timelines, obligations and specifications necessary for the execution of the VeriStrat Development Plan, and further acknowledge that requests from Regulatory Authorities may necessitate modifications to the VeriStrat
Development Plan. The Parties agree that, as soon as practicable following the Effective Date, the initial VeriStrat Development Plan will be modified and made more comprehensive pursuant to approval by the JSC, with the understanding that the
VeriStrat Development Plan shall meet the applicable regulatory criteria as required by the Regulatory Authorities for approval of 

  
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 EXECUTION VERSION 

 

 
an IVD in the US e.g., FDA Drug and BLA requirements /CDx IVD requirements) and in the other Major Markets. Thereafter, as may be necessary from time-to-time, whether due to Regulatory Authority requests or otherwise, the JSC shall review proposed revisions to the VeriStrat Development Plan. If the JSC approves such revisions, then the JSC shall
revise the VeriStrat Development Plan accordingly without need for amending this Agreement. The Parties shall not unreasonably withhold their consent to appropriate VeriStrat Development Plan revisions. The revised VeriStrat Development Plan shall
thereafter be the VeriStrat Development Plan for all purposes of this Agreement. 
 7.3. Regulatory. Biodesix shall use Commercially
Reasonable Efforts to obtain Regulatory Approval for VeriStrat as a Companion Diagnostic for Ficlatuzumab in each of the Major Market jurisdictions, in each case on a timeline that is consistent with the timeline for Regulatory Approval for
Ficlatuzumab in such jurisdiction. 
 7.4. Use of VeriStrat. Biodesix shall perform testing of Clinical Specimens using VeriStrat as
needed for the conduct of the Development Plan at no charge, provided that, upon Regulatory Approval of Ficlatuzumab in any jurisdiction for which Biodesix has not obtained third-party payor reimbursement from the primary reimbursement
authority in the applicable jurisdiction, and subject to the entry by the Parties into the Commercialization Agreement, AVEO shall (provided in each case that Biodesix has not received payment from or on behalf of the patient) reimburse Biodesix for
each VeriStrat test performed in such jurisdiction for purposes of screening a patient for potential commercial use of Ficlatuzumab as follows: 

(a) AVEO shall provide reimbursement in the amount of: (i) [***] of the VeriStrat Cost of Goods if Biodesix has not submitted an
application to the primary reimbursement authority in such jurisdiction, provided that, in no case shall such reimbursement obligation exceed [***] per test; or (ii) [***] per test if Biodesix has submitted such an application but has not
obtained any such reimbursement approval, in either case such obligation to reimburse Biodesix not to exceed a period of [***] years from First Commercial Sale in such jurisdiction, provided that the Parties will use Commercially Reasonable Efforts
to modify such reimbursement structure, in all cases in a manner that is fully consistent with all applicable laws and regulations, on a jurisdiction by jurisdiction basis as and to the extent needed to comply with the regulatory requirements of
such jurisdiction while continuing to compensate Biodesix for its commercial performance of VeriStrat consistent with the amount set forth herein. Biodesix shall invoice AVEO the foregoing amounts on a calendar quarter basis for the VeriStrat tests
performed during each such calendar quarter then ended. AVEO shall remit payment for each such invoice within [***] days of receipt. 

(b) The mechanism for tracking the number of VeriStrat tests performed in any jurisdiction for purposes of screening patients for potential
commercial use of Ficlatuzumab and payment by AVEO to Biodesix therefor, as mutually agreed upon by the Parties, shall be included in the Commercialization Agreement, where such mechanism may include: (i) information from VeriStrat order forms
specifying the intention to test for the purpose of assessing Ficlatuzumab treatment candidacy, (ii) third party sources tracking Ficlatuzumab prescriptions such as IMS Health, and (iii) appropriate assumptions regarding the ratio of
VeriStrat testing and Ficlatuzumab prescriptions, provided that any such mechanism shall in each case be determined so as to fully comply with applicable laws and regulations and the regulatory requirements of such jurisdiction while continuing to
compensate for the commercial performance of VeriStrat consistent with the amount set forth herein. 

  
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 (c) The Commercialization Agreement shall also include a periodic right for each Party to
audit the other to ensure the accuracy of such tracking mechanism. If the Parties disagree regarding such number for any jurisdiction, then the Parties shall engage a qualified independent third party to determine the number of VeriStrat tests
performed in such jurisdiction for purposes of screening patients for potential use of Ficlatuzumab during the time period that is the subject of the disagreement. 

ARTICLE VIII - LICENSE GRANTS; RIGHT OF FIRST NEGOTIATION 

8.1. Grants of Rights — Intellectual Property. 

(a) AVEO hereby grants to Biodesix a perpetual, non-exclusive,
non-transferable (except in connection with a permitted assignment of this Agreement), royalty-free license (i) under AVEO Intellectual Property and AVEO’s rights in Joint Inventions and Joint Patent
Rights, to Develop, Manufacture and Commercialize VeriStrat and (ii) under AVEO Intellectual Property arising in the course of this Agreement and AVEO’s rights in Joint Inventions and Joint Patent Rights, to Develop, Manufacture and
Commercialize IVD devices other than VeriStrat. Such license shall, subject to Article IV, include the right to grant sublicenses. 

(b) Biodesix hereby grants to AVEO a perpetual, non-exclusive, nontransferable (except in connection
with a permitted assignment of this Agreement), royalty-free license (i) under Biodesix Intellectual Property and Biodesix’s rights in Joint Inventions and Joint Patent Rights, to Develop, Manufacture and Commercialize Ficlatuzumab and
(ii) under Biodesix Intellectual Property arising in the course of this Agreement and Biodesix’s rights in Joint Inventions and Joint Patent Rights, subject to Biodesix’s rights and AVEO’s obligations under Sections 3.7 and
8.5, to Develop, Manufacture and Commercialize IVD devices for use in connection with Ficlatuzumab. Such license shall, subject to Article IV, include the right to grant sublicenses. 

(c) Existing Third Party Agreements. The license granted by AVEO to Biodesix in this Section 8.1 is subject to the terms and
conditions of the AVEO Third Party Agreements expressly referenced on Schedule 8.1(c). Except for the terms and conditions expressly referenced on Schedule 8.1(c), the AVEO Third Party Agreements do not, in any material respect, affect the
license granted by AVEO to Biodesix in this Section 8.1. 
 8.2. Grant of Rights – Data. 

(a) AVEO agrees to grant and hereby grants to Biodesix a perpetual, non-exclusive, non-transferable (except in connection with a permitted assignment of this Agreement), royalty-free license to (i) use the Clinical Data generated prior to any Opt-Out by
Biodesix and (ii) make reference to such Clinical Data in obtaining any Regulatory Approval, in the case of both (i) and (ii) in conformity with Biodesix’s rights and obligations under this Agreement, and in furtherance of
Development, Manufacture and Commercialization of VeriStrat (“Clinical Data License”). Such license shall, subject to Article IV, include the right to grant sublicenses in connection with Biodesix’s licensing of VeriStrat,
provided that Biodesix shall not practice such 

  
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 EXECUTION VERSION 

 

 
license or grant sublicenses thereunder in order to develop, or assist or permit any Affiliate or Third Party to develop, a Companion Diagnostic for any therapeutic product that inhibits HGF or c-Met signaling; provided further, however, that AVEO acknowledges and agrees that Biodesix’s commercial sale of Biodesix’s products in the ordinary course shall not be
considered a violation of the restriction set forth in the immediately preceding proviso. AVEO acknowledges and agrees that, although such license is non-exclusive, AVEO’s rights to use and reference
Clinical Data to develop ND devices for use in connection with Ficlatuzumab remain subject to Sections 3.7 and 8.5. 
 (b) AVEO agrees
to grant and hereby grants to Biodesix a perpetual, non-exclusive, non-transferable (except in connection with a permitted assignment of this Agreement), royalty-free
license to the Biomarker Data generated prior to any Opt-Out by Biodesix, including the right to grant sublicenses in connection with Biodesix’s licensing of its products (“Biomarker Data
License”). The Biomarker Data License shall grant Biodesix the right to reference such Biomarker Data in obtaining any Regulatory Approval in conformity with Biodesix’s rights and obligations under this Agreement and in furtherance of
Development, Manufacture and Commercialization of VeriStrat or any other in vitro diagnostic assay, including any tissue-based assay and any serum-based assays. 

(c) Biodesix hereby grants to AVEO a perpetual (subject to Section 3.6(b)), non-exclusive, non-transferable (except in connection with a permitted assignment of this Agreement), royalty-free license to use and reference Diagnostic Data generated prior to any Opt-Out
by AVEO in obtaining any Regulatory Approval in conformity with AVEO’s rights and obligations under this Agreement and to Develop, Manufacture and Commercialize Ficlatuzumab and, subject to Biodesix’s rights and AVEO’s obligations
under Sections 3.7 and 8.5, including, subject to Article IV, the right to grant sublicenses in connection with AVEO’s licensing of Ficlatuzumab (“Diagnostic Data License”). 

8.3. Rights Retained by the Parties. Any rights of AVEO or Biodesix, as the case may be, not expressly granted to the other Party
pursuant to this Agreement shall be retained by such Party. 
 8.4. Section 365(n) of the Bankruptcy Code. All
rights and licenses granted under or pursuant to any Section of this Agreement, including under Section 8.1, are rights to “intellectual property” (as defined in Section 101(35A) of the Bankruptcy Code). Each Party shall retain
and may fully exercise all of its rights and elections under the Bankruptcy Code or equivalent legislation in any other jurisdiction. 

8.5. Option and Right of First Refusal. In the event of an Opt-Out elected by Biodesix, AVEO
agrees to grant and hereby grants to Biodesix an exclusive first option to negotiate in good faith with AVEO a development and commercialization agreement relating to any serum-based, mass spectrometry assay that AVEO may be interested in developing
and commercializing in connection with Ficlatuzumab (“Option”). The Option shall automatically vest upon the effective date of the Opt-Out. The period of any such Option shall commence upon
receipt of an appropriate written communication from AVEO to Biodesix, up to and through [***] from the date of such receipt (“Option Period”), where the written request shall set forth AVEO’s desire to negotiate a definitive
development and commercialization agreement in connection with such 

  
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 EXECUTION VERSION 

 

 
serum-based mass spectrometry assay. In the event that the Parties, after negotiating in good faith, do not agree on terms for an agreement within the Options Period, AVEO shall be free to
negotiate an agreement with any Third Party, provided however that AVEO agrees to grant and hereby grants to Biodesix a first right of refusal for any such subsequent license offered to any such Third Party (“ROFR”), but prior to
execution of any such license with such Third Party; wherein the ROFR shall first permit Biodesix to review and, if desired, execute a license with terms at least as favorable as those being offered to said Third Party. The period of such ROFR shall
commence on the expiration of the Option Period and continue through a term of [***] thereafter (“ROFR Period”). 
 ARTICLE IX -
INTELLECTUAL PROPERTY 
 9.1. Ownership of Inventions. 

(a) Existing Inventions. AVEO shall retain ownership of all AVEO Intellectual Property owned by AVEO as of the Effective Date or as
arising outside of this Agreement. Biodesix shall retain ownership of all Biodesix Intellectual Property owned by Biodesix as of the Effective Date or as arising outside of this Agreement. 

(b) Inventions. Ownership of inventions arising during the course of this Agreement shall be set forth as “Sole” and
“Joint” as follows: (i) Any and all inventions, discoveries, and observations, as relating to Ficlatuzumab as generated by either Party or jointly by both Parties in the course of this Agreement, but excluding VeriStrat shall be an
“AVEO Sole Invention”; and (ii) any and all inventions, discoveries, and observations, as related to VeriStrat generated by either Party or jointly by both Parties in the course of this Agreement, but excluding Ficlatuzamab
shall be a “Biodesix Sole Invention.” Any and all inventions, discoveries, and observations generated by either Party or jointly by both Parties in the course of this Agreement (i) during the Profit Sharing Phase that are not
an AVEO Sole Invention or a Biodesix Sole Invention shall be a “Joint Invention” as to which each Party shall have an unrestricted right to use and license the Joint Invention without obtaining consent from, or accounting to, the
other Party, unless otherwise determined by the JSC, which may allocate rights to such Joint Inventions in the commercial furtherance of both Ficlatuzumab and VeriStrat equally rather than in the interests of Ficlatuzumab alone and (ii) during
the Opt-Out Phase that are not an AVEO Sole Invention or a Biodesix Sole Invention shall be owned by the respective Parties in accordance with, and the respective Parties’ rights thereto shall be governed
by, applicable United States patent laws and laws governing inventorship. 
 (c) Assignment. Biodesix agrees to assign and hereby
does assign to AVEO all right, title and interest in and to AVEO Sole Inventions and resulting Patent Rights (i.e., AVEO Patent Rights). AVEO agrees to assign and hereby does assign to Biodesix all right, title and interest in and to Biodesix Sole
Inventions and resulting Patent Rights (i.e., Biodesix Patent Rights). Each Party agrees to assign and hereby does assign to the other Party an undivided fifty percent (50%) ownership interest in and to Joint Inventions and Joint Patent Rights.

  
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 (d) Further Assurances. Each Party making an assignment under Section 9.1(c)
above (the “assignor”) agrees to assist the other Party (the “assignee”), or its designee, at the assignee’s expense, in every proper way to secure all rights in the inventions assigned as specified under
Section 9.1(c), and any resulting Patent Rights or other intellectual property rights as applicable in any and all countries, including the disclosure to assignee of all pertinent patent-related information and data, execution of all
applications, specifications, oaths, assignments and all other instruments which the assignee may deem reasonably necessary in order to apply for and obtain such rights and in order to assign and convey to the assignee, its successors, assigns and
nominees the sole and exclusive right, title and interest in and to such inventions, and any resulting Patent Rights or other intellectual property rights relating thereto. Assignor hereby irrevocably designates and appoints assignee, and its duly
authorized officers and agents, as assignor’s agent and attorney in fact, to act for and in assignor’s behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and
issuance of resulting Patent Rights or such other registrations with the same legal force and effect as if executed by the assignor, should assignor be unavailable for any reason to execute its obligations as defined in Section 9.1(c) above and
this present Section 9.1(d). 
 9.2. Ownership of Data; Ownership and License to Clinical Specimens. 

(a) As between the Parties, AVEO shall solely own all Clinical Data and Biomarker Data, and Biodesix agrees to assign and hereby does assign
all right, title and interest in and to such Clinical Data to AVEO; provided that, Clinical Data and Biomarker Data generated by the Parties following an Opt-Out by AVEO shall be owned by
Biodesix. 
 (b) As between the Parties, Biodesix shall solely own all Diagnostic Data and AVEO agrees to assign and hereby does assign all
right, title and interest in and to Diagnostic Data to Biodesix. 
 (c) AVEO shall solely own all Clinical Specimens, and hereby grants to
Biodesix a limited, non-exclusive right to use the Clinical Specimens for the purpose of Development and Commercialization of VeriStrat or any other in vitro diagnostic assay, but such ownership and license
rights shall be subject to the Parties’ rights and obligations with respect to any Clinical Data and Biomarker Data derived from such Clinical Specimens, as set forth in Sections 8.2 and 9.2(a). Notwithstanding the Parties’ respective
ownership and license rights as to the Clinical Specimens, each Party’s use of the Clinical Specimens during the Profit-Sharing Phase shall be subject to the prior approval of the JSC, such approval not to be unreasonably withheld, and at all
times shall be subject to the terms of the applicable patient informed consents. 
 9.3. Prosecution and Maintenance of Patent
Rights. 
 (a) Prosecution and Maintenance of Solely Owned Patent Rights. Each Party shall have the sole right, but not the
obligation, to file for, prosecute, maintain and defend any and all Patent Rights solely owned by such Party; provided, however, that if either Party decides to discontinue prosecution or maintenance, or elects not to defend any Patents Rights
solely owned by such Party pursuant to Section 9.1(b), then the other Party shall have the option to continue to prosecute, maintain or defend the Patent Rights. Neither Party shall effect discontinued prosecution or maintenance of any Patent
Rights solely owned by such Party pursuant to Section 9.1(b) without at least [***] days’ prior written notice to the other Party. 

  
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 (b) Prosecution and Maintenance of Jointly Owned Patents. Subject to modification by
the JSC, each Party shall be jointly responsible for obtaining, prosecuting and/or maintaining Joint Patent Rights, in appropriate countries in the Territory, including any country as reasonably requested by either Party. The out-of-pocket costs and expenses incurred to obtain, prosecute and maintain Joint Patent Rights shall be borne fifty percent (50%) by Biodesix and fifty percent
(50%) by AVEO. Each Party shall keep the other informed of the status of all pending Joint Patent Rights. Neither Party shall effect discontinued prosecution or maintenance of any Joint Patent Right without at least [***] days’ prior
notice to the other Party. If either Party elects to discontinue paying its share of the costs and expenses of prosecution or maintenance of any Joint Patent Rights, the other Party shall have the option to continue to prosecute and maintain such
Joint Patent Rights at its own cost and expense. 
 9.4. Third Party Infringement. 

(a) Notice. Each Party shall promptly report in writing to the other Party during the Term any known or suspected (i) infringement
of any of the AVEO Patent Rights relating to Ficlatuzumab, Biodesix Patent Rights relating to VeriStrat in connection with Ficlatuzumab or Joint Patent Rights, or (ii) unauthorized use or misappropriation of any of the AVEO Know-How relating to Ficlatuzumab, Biodesix Know-How relating to Veristrat in connection with Ficlatuzumab, or Know-How in Joint
Inventions of which such Party becomes aware, and shall provide the other Party with all available evidence supporting such known or suspected infringement or unauthorized use. 

(b) Enforcement of Patent Rights. Each Party shall have the sole right, but not the obligation, to take action to obtain a
discontinuance of infringement or misappropriation or bring suit against a Third Party infringer or misappropriator of any of Patent Rights or Know-How solely owned by such Party; provided, however, that if
either Party decides not to take such action or bring suit against a Third Party infringer or misappropriator of any Patents Rights or Know-How solely owned by such Party pursuant to Section 9.1(b), and
such infringement or misappropriation is competitive as to Ficlatuzumab or VeriStrat in connection with Ficlatuzumab, then, subject to the terms of the AVEO Third Party Agreements, the other Party shall have the option to take such action or bring
such suit with respect to the Patent Rights or Know-How. 
 Each Party shall bear its own expense of
any suit it brings or is brought against it in relation to any Solely owned Patent Right or Know-How pursuant to this Section 9.4(b). Each Party will reasonably cooperate with the other, at its expense,
and shall have the right to consult with, and to participate in and be represented by, independent counsel in such litigation at its own expense. Any recoveries obtained by either Party as a result of any such proceedings shall be allocated as
follows: (A) such recovery shall first be used to reimburse each Party for all reasonable attorney fees and other litigation costs actually incurred in connection with such litigation by that Party, and (B) any remainder shall be allocated
[***] to the enforcing Party and [***] to the non-enforcing Party. 
 (c) Enforcement of
Joint Patent Rights. Enforcement of any Joint Patent Rights will be as determined by the JSC or by mutual agreement of the Parties, but with the intent of optimizing the value of Ficlatuzumab and VeriStrat in connection with Ficlatuzumab,
considered equally, or as otherwise mutually agreed upon by the Parties. 

  
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 9.5. Patent Invalidity Claim. 

(a) Each of the Parties shall promptly notify the other in the event of any legal or administrative action by any Third Party against a Joint
Patent Right or an AVEO Patent Right claiming Ficlatuzumab, of which it becomes aware, including any opposition, nullity, revocation, reexamination or compulsory license proceeding. 

(b) AVEO shall have the first right, but not the obligation, to defend against any such action involving a Joint Patent Right or an AVEO
Patent Right in connection with Ficlatuzumab. If AVEO does not defend against any such action involving such Joint Patent Right or AVEO Patent Right owned by AVEO pursuant to Section 9.1(b), then Biodesix shall have the right, but not the
obligation, to defend such action. Biodesix shall have the sole right, but not the obligation, to defend against any such action involving a Biodesix Patent Right. 

(c) Each non-defending Party agrees to cooperate reasonably with the defending Party, at the request
of the defending Party, in connection with such defense of a Joint Patent Right or an AVEO Patent Right in connection with Ficlatuzumab, including by joining in any such action. The
out-of-pocket costs and expenses incurred in connection with such defense and cooperation shall be borne [***] by Biodesix and [***] by AVEO, regardless of which Party
controls such defense. 
 9.6. Trademarks. 

(a) Biodesix shall have sole and exclusive control of branding and trademark rights with respect to VeriStrat, subject to any co-promotion and cobranding activities of Ficlatuzumab and Veristrat in connection with Ficlatuzumab as determined by the JSC. 

(b) AVEO shall have sole and exclusive control of branding and trademark rights with respect to Ficlatuzumab, subject to any co-promotion and cobranding activities of Ficlatuzumab and Veristrat in connection with Ficlatuzumab as determined by the JSC. 

ARTICLE X - CONFIDENTIAL INFORMATION 

10.1. Treatment of Confidential Information. During the Term and for [***] years thereafter, each Party shall maintain Confidential
Information (as defined in Section 10.2) of the other Party in confidence, and shall not disclose, divulge or otherwise communicate such Confidential Information to others (except for agents, directors, officers, employees, consultants,
subcontractors, licensees, partners, Affiliates and advisors (collectively, “Agents”) under obligations of confidentiality) or use it for any purpose other than in connection with the conduct of the Development Plan or otherwise in
furtherance of this Agreement, and each Party shall exercise reasonable efforts to prevent and restrain the unauthorized disclosure of such Confidential Information by any of its Agents, which reasonable efforts shall be at least as diligent as
those generally used by such Party in protecting its own confidential and proprietary information. Each Party will be responsible for a breach of this Article X by its Agents. For clarity, each Party may disclose Confidential Information of the
other Party (a) to Regulatory Authorities (i) to the extent desirable to obtain or maintain INDs or Regulatory Approvals for Ficlatuzumab or VeriStrat within the Territory and (ii) in order to respond to inquiries, requests or
investigations by Regulatory Authorities; (b) to outside consultants, scientific advisory boards, managed care organizations, and 

  
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non-clinical and clinical investigators to the extent necessary to conduct the Development Plan; and (c) to the extent desirable to obtain Patent
Rights to protect, or to Develop or Commercialize Ficlatuzumab or VeriStrat; provided that such Party shall obtain the same confidentiality obligations from such Third Parties as and to the extent it obtains such obligations with
respect to its own similar types of confidential information. 
 10.2. Confidential Information. “Confidential
Information” means all trade secrets or other information, data or materials, patentable or otherwise, of a Party (i) which is disclosed by or on behalf of such Party to the other Party pursuant to this Agreement, the MTA or the MCA,
or (ii) which is developed or generated during the course of this Agreement and that is owned by such Party or such Party otherwise has an interest in pursuant to this Agreement or the MTA, including biological or chemical substances,
formulations, techniques, methodology, equipment, data, reports, Know-How, sources of supply, patent positioning and business plans, including any negative developments. Disclosures of Confidential Information
may be made by written, graphic, oral or electronic means, or in any other form. Notwithstanding the foregoing, there shall be excluded from the foregoing definition of Confidential Information any of the foregoing that: 

(a) either before or after the date of the disclosure to the receiving Party is lawfully disclosed to the receiving Party by Third Parties
without any violation of any obligation to the other Party; 
 (b) either before or after the date of the disclosure to the receiving Party,
becomes published or generally known to the public through no fault or omission on the part of the receiving Party or its Agents; or 
 (c)
is independently developed by or for the receiving Party without reference to or reliance upon the Confidential Information as demonstrated by contemporaneous written records of the receiving Party. 

10.3. Publication Rights. Each Party agrees that it shall not, and shall cause its Affiliates and its and their Affiliates’
employees, consultants, contractors, licensees and agents not to, publish or publicly present any results of any preclinical or clinical studies with respect to Ficlatuzumab or VeriStrat in connection with Ficlatuzumab without the prior written
consent of the other Party (which shall not be unreasonably withheld), except as may be required by applicable Law or legal proceedings. Each Party acknowledges that the other Party has an interest in the publication of studies related to
Ficlatuzumab and VeriStrat in connection with Ficlatuzumab, and agrees that the JSC will be responsible for determining which publications of this nature can occur without prejudice to the interests of the other Party. Subject to the foregoing, each
Party shall provide to the other Party the opportunity to review any proposed abstracts, manuscripts or summaries of presentations that cover Ficlatuzumab or VeriStrat in connection with Ficlatuzumab at least [***] days prior to the submission of
such proposed abstract, manuscript or summary for publication or presentation. The receiving Party shall designate a Person who shall be responsible for reviewing and approving such publications or presentations. The
non-publishing Party shall have the right to reasonably require removal of its Confidential Information from such publications or presentations. In addition, the publishing Party shall delay any publication
for a period of up to [***] days at the request of the other Party where such delay is reasonably necessary in relation to a patent filing by the other Party. Such designated 

  
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Person shall respond promptly and in no event later than [***] days after receipt of the proposed material. With respect to any proposed abstracts, manuscripts or summaries for publication or
presentation by investigators or other Third Parties, such materials shall be subject to review under the principles of this Section 10.3 to the extent reasonably practicable. Nothing in this Article X shall be construed to limit the right
of Biodesix’s or AVEO’s clinical investigators to publish the results of their own studies, provided that the Parties shall endeavor to obtain customary review rights in their agreements with clinical investigators and/or their
institutions. In the event a Party exercises its Opt-Out right, (i) the obligations in this Section 10.3 shall continue to apply to any publication or presentation by AVEO with respect to Biodesix
Intellectual Property or VeriStrat, (ii) either Party shall provide at least [***] days prior written notice of any publication or presentation by such Party of any Clinical Data, Diagnostic Data or Biomarker Data generated prior to the
exercise of such Opt-Out, and (iii) the obligations in this Section 10.3 shall no longer apply to other publications or presentations. 

10.4. Required Disclosure. To the extent the receiving Party is required to disclose Confidential Information of the disclosing Party
in order to comply with applicable Laws or legal process or to comply with governmental regulations or the regulations or requirements of any stock exchange, such disclosure shall not constitute a breach of this Article X, provided
that the receiving Party promptly provides prior notice of such disclosure to the other Party and uses reasonable efforts to avoid or minimize the degree of such disclosure. 

10.5. Disclosure of Agreement. Neither Party shall disclose the terms and conditions of this Agreement except: (i) as set forth
under Sections 10.4 or 15.7; or (ii) under a duty of confidentiality to actual or prospective Licensees, collaborators, investors, sources of capital, acquirers, attorneys and financial advisors of such Party. 

ARTICLE XI - REPRESENTATIONS, WARRANTIES AND COVENANTS 

11.1. AVEO’s Representations. AVEO hereby represents and warrants as of the Effective Date as follows: 

(a) AVEO has the corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution,
delivery and performance of this Agreement has been duly and validly authorized and approved by proper corporate action on the part of AVEO. AVEO has taken all other action required by applicable Law, its certificate of incorporation or by-laws or any agreement to which it is a party or by which it or its assets are bound, to authorize such execution, delivery and (subject to obtaining all necessary governmental approvals with respect to the
continued Development of Ficlatuzumab) performance. Assuming due authorization, execution and delivery on the part of Biodesix, this Agreement constitutes a legal, valid and binding obligation of AVEO, enforceable against AVEO in accordance with its
terms. 
 (b) The execution and delivery of this Agreement by AVEO and the performance by AVEO contemplated hereunder will not violate
(subject to obtaining all necessary governmental approvals with respect to AVEO’s obligations under the Development Plan) any United States Law or, to AVEO’s knowledge, any Law outside the United States. 

  
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 (c) Neither the execution and delivery of this Agreement nor the performance hereof by AVEO
requires AVEO to obtain any permit, authorization or consent from any Regulatory Authority (subject to obtaining all necessary governmental approvals with respect to the Development Program activities) or from any other Person, and such execution,
delivery and performance by AVEO will not result in the breach of or give rise to any encumbrance, termination of, rescission, renegotiation or acceleration under or trigger any other rights under any agreement or contract to which AVEO may be a
party that relates to Ficlatuzumab or the AVEO Intellectual Property Rights, except any that would not, individually or in the aggregate, reasonably be expected to adversely affect Biodesix’s rights under this Agreement or the ability of AVEO
to perform its obligations under this Agreement. 
 (d) AVEO represents that neither AVEO nor, to AVEO’s knowledge, any Person
controlling (as such term is used in Section 1.1 above) AVEO has ever been convicted of a criminal offense, assessed civil monetary penalties pursuant to the Civil Monetary Penalties Law, 42 U.S.C.
§ 1320a-7a, or excluded from the Medicare program or any state healthcare program. AVEO further represents that neither AVEO nor, to AVEOs knowledge, any Person controlling (as such term is used in
Section 1.1 above) AVEO is subject to an action or investigation that could lead to the conviction of a criminal offense, the assessment of civil monetary penalties pursuant to the Civil Monetary Penalties Law, 42 U.S.C. § 1320a-7a, or exclusion from the Medicare program or any state healthcare program. AVEO shall notify Biodesix within [***] days if an action or investigation results in such a conviction, assessment
or exclusion. In the event that AVEO becomes excluded during the Term of the Agreement, Biodesix shall be entitled to terminate the Agreement effective immediately. 

(e) It is not contemplated that Biodesix will transmit to AVEO any Personal Data. However, to the extent that Personal Data can be identified
from any transmitted data, participation in the Development Plan or otherwise, AVEO shall hold in confidence all Personal Data except as required or permitted under this Agreement, or to the extent necessary to be disclosed to Regulatory Authorities
as part of the review process. In addition, AVEO shall comply with all applicable Laws with respect to the collection, use, storage, and disclosure of any Personal Data, including the U.S. Health Insurance Portability and Accountability Act
(HIPAA), as amended, and the regulations promulgated thereunder, to the extent such Personal Data consists of Protected Health Information (PHI) as defined in HIPAA. AVEO agrees to use commercially reasonable efforts to ensure that all
appropriate technical and organization measures are taken to protect Personal Data, including PHI, against loss, misuse, and any unauthorized, accidental, or unlawful access, disclosure, alteration, or destruction, including implementation and
enforcement of administrative, technical, and physical security policies and procedures applicable to Personal Data and, to the extent applicable, PHI. 

(f) AVEO possesses all rights in the Existing Supply of Ficlatuzumab necessary to transfer the Existing Supply of Ficlatuzumab to Biodesix or
Third Parties such that it will be free and clear of any and all liens, mortgages, charges, security interests, pledges or other encumbrances or adverse claims of any nature, whether arising by agreement, operation of law or otherwise (collectively,
“Liens”) upon such transfer. 

  
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 (g) AVEO has performed reasonable diligence on its suppliers, and shall continue to perform
such due diligence and negotiate appropriate terms with respect to quality with its suppliers as necessary to meet such quality standards as required by Regulatory Authorities, which quality requirements shall be further detailed in the Development
Plan. AVEO shall not knowingly, and shall take commercially reasonable steps during the Term to ensure its suppliers shall not, provide any counterfeit, adulterated or misbranded Product; and shall immediately inform Biodesix following its receipt
of any information which states that the integrity or legal status of any Product provided hereunder has been called into question by any retailer, wholesaler, or state or federal authority, or that any Product contributed to the Development
hereunder is suspected of being counterfeit, stolen, adulterated, misbranded or otherwise an unlawful product and shall provide Biodesix with prompt written confirmation of any such event, including copies of any all documents related thereto. 

(h) Except as disclosed by AVEO to Biodesix in writing, to AVEO’s knowledge, use of Ficlatuzumab in accordance with this Agreement shall
not infringe upon any ownership rights of any Third Party or upon any patent, copyright, trademark, or other intellectual property or proprietary right or trade secret of any Third Party. 

(i) [***] 
 (j) [***] 

(k) Except as set forth on Schedule 11.1(k), the Development or Commercialization of Ficlatuzumab pursuant hereto
shall not require payment to any counterparty to the AVEO Third Party Agreements or to any other agreement with a Third Party to which AVEO is a party relating to such counterparty’s Intellectual Property. 

(l) The license of all AVEO Intellectual Property, Clinical Data and Biomarker Data, or the continued Development or Commercialization of
Ficlatuzumab by Biodesix in the event of an Opt-Out by AVEO, does not and will not require the consent, notice or other action by any Person under, conflict with, result in a violation or breach of, constitute
a default or an event that, with or without notice or lapse of time or both, would constitute a default under, result in the acceleration of or create in any Person the right to accelerate, terminate, modify or cancel, any contract to which AVEO is
a party that relates to Ficlatuzumab. Except as set forth on Schedule 8.1(c), no contract to which AVEO is a party, including the AVEO Third Party Agreements, shall limit or otherwise impact, in any material respect, the scope of the rights
granted by AVEO to Biodesix or the scope of the obligations owed by AVEO to Biodesix pursuant hereto. 
 (m) The prosecution, maintenance
and enforcement of any and all AVEO Patent Rights solely owned by AVEO pursuant to Section 9.1(b) are not subject to the terms and conditions of any of the Third Party Agreements. 

  
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 11.2. Biodesix’s Representations. Biodesix hereby represents and
warrants as of the Effective Date as follows: 
 (a) Biodesix has the corporate power and authority to execute and deliver this Agreement and
to perform its obligations hereunder. The execution, delivery and performance of this Agreement has been duly and validly authorized and approved by proper corporate action on the part of Biodesix. Biodesix has taken all other action required by
applicable Law, its certificate of incorporation or by-laws or any agreement to which it is a party or by which it or its assets are bound to authorize such execution, delivery and (subject to obtaining all
necessary governmental approvals with respect to the continued Development, Manufacture and Commercialization of VeriStrat) performance. Assuming due authorization, execution and delivery on the part of AVEO, this Agreement constitutes a legal,
valid and binding obligation of Biodesix, enforceable against Biodesix in accordance with its terms. 
 (b) The execution and delivery of
this Agreement by Biodesix and the performance by Biodesix contemplated hereunder will not violate (subject to obtaining all necessary governmental approvals with respect to the continued Development, Manufacture and Commercialization of VeriStrat)
any United States applicable Law or, to Biodesix’s knowledge, any applicable Law outside the United States. 
 (c) Neither the
execution and delivery of this Agreement nor the performance hereof by Biodesix requires Biodesix to obtain any permit, authorization or consent from any Regulatory Authority (subject to obtaining all necessary governmental approvals with respect to
the continued Development, Manufacture and Commercialization of VeriStrat) or from any other Person, and such execution, delivery and performance by Biodesix will not result in the breach of or give rise to any termination of, rescission,
renegotiation or acceleration under or trigger any other rights under any agreement or contract to which Biodesix may be a party that relates to VeriStrat or the Biodesix Intellectual Property Rights, except any that would not, individually or in
the aggregate, reasonably be expected to adversely affect AVEO’s rights under this Agreement or the ability of Biodesix to perform its obligations under this Agreement 

(d) Biodesix represents that neither Biodesix nor, to Biodesix’ knowledge, any Person controlling (as such term is used in
Section 1.1 above) Biodesix has ever been convicted of a criminal offense, assess civil monetary penalties pursuant to the Civil Monetary Penalties Law, 42 U.S.C. § 1320a-7a, or excluded
from the Medicare program or any state healthcare program. Biodesix further represents that neither Biodesix nor, to Biodesix’ knowledge, any Person controlling (as such term is used in Section 1.1 above) Biodesix is subject to an action
or investigation that could lead to the conviction of a criminal offense, the assessment of civil monetary penalties pursuant to the Civil Monetary Penalties Law, or exclusion from the Medicare program or any state healthcare program. Biodesix shall
notify AVEO within [***] days if an action or investigation results in such a conviction, assessment or exclusion. In the event that Biodesix becomes excluded during the Term of the Agreement, AVEO shall be entitled to terminate the Agreement
effective immediately. 
 11.3. Compliance. Each Party shall conduct, and shall use reasonable efforts to cause its contractors and
consultants to conduct, all of its activities contemplated under this Agreement in accordance with all applicable Laws of the country in which such activities are conducted. Each Party agrees and certifies that the Agreement is not intended to
generate referrals for services or supplies for which payment may be made in whole or in part under any federal, state or other governmental health care program. 

  
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 Each of AVEO and Biodesix (the “Declaring Party”) warrants and represents to
the other Party that neither the Declaring Party nor any of the Declaring Party’s officers, directors, employees, agents, subcontractors or other representatives has performed or will perform during the Term of this Agreement any of the
following acts in connection with this Agreement, any compensation paid or to be paid hereunder, any payment made or to be made hereunder, or any other transactions involving the business interests of either AVEO or Biodesix: offer or promise to
pay, or authorize the payment of, any money, or give or promise to give, or authorize the giving of, any services or anything else of value, either directly or through a third party, to any officer or employee of a public international organization
(as designated under 22 U.S.C. § 288) or of any government or governmental instrumentality within the Territory, or of any agencies or subdivisions thereof, or to any political party or official thereof or to any candidate for
political office for the purpose of (i) influencing any act or decision of that person in his official capacity, including a decision to fail to perform his official functions with such government or instrumentalities, (ii) inducing such
person to use his influence with such government or instrumentalities to affect or influence any act or decision thereof or (iii) securing any improper advantage. 

11.4. No Warranty. EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN THIS AGREEMENT, NEITHER PARTY HERETO MAKES ANY REPRESENTATION AND EXTENDS
NO WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED WITH RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT. IN PARTICULAR, BUT WITHOUT LIMITATION, AVEO MAKES NO REPRESENTATION AND EXTENDS NO WARRANTY CONCERNING WHETHER FICLATUZUMAB IS FIT FOR ANY
PARTICULAR PURPOSE OR SAFE FOR HUMAN CONSUMPTION. 
 ARTICLE XII - INDEMNIFICATION AND INSURANCE 

12.1. Indemnification in Favor of AVEO. Biodesix shall indemnify, defend and hold harmless the AVEO Parties (as hereinafter defined)
from and against any and all claims, suits, losses, liabilities, damages, costs, fees and expenses (including reasonable attorneys’ fees) (“Losses”) incurred, suffered or sustained by any of the AVEO Parties or to which any of
the AVEO Parties becomes subject, arising out of, relating to or resulting from any Third Party claim, action, suit, proceeding, liability or obligation (collectively, “Third Party Claims”) arising out of, relating to or resulting
from: 
 (a) any breach of any representation, warranty, covenant or agreement made by Biodesix in this Agreement; 

(b) any violation of applicable Law by Biodesix in connection with activities undertaken by Biodesix relating to Development Plan activities
or the VeriStrat Development Plan; 

  
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 (c) the gross negligence or willful misconduct of any of the Biodesix Parties (as hereinafter
defined) in connection with Biodesix’s performance of this Agreement; or 
 (d) the Development, Manufacture, use or Commercialization
of VeriStrat in connection with Ficlatuzumab. 
 For purposes of this Article XII, “AVEO, Parties” means AVEO, its
Affiliates and their respective licensors, agents, directors, officers, employees and shareholders. 
 The indemnification obligations set
forth in this Section 12.1 shall not apply to the extent that any Loss is the result of a breach of this Agreement by AVEO or, with respect to any indemnitee, the gross negligence or willful misconduct of such indemnitee. 

12.2. Indemnification in Favor of Biodesix. AVEO shall indemnify, defend and hold harmless the Biodesix Parties from and against any
and all Losses incurred, suffered or sustained by any of the Biodesix Parties or to which any of the Biodesix Parties becomes subject, arising out of, relating to or resulting from any Third Party Claim arising out of, relating to or resulting from:

 (a) any breach of any representation, warranty, covenant or agreement made by AVEO in this Agreement; 

(b) any violation of applicable Law by AVEO in connection with activities undertaken by AVEO relating to Development Plan activities or
Ficlatuzumab; 
 (c) the gross negligence or willful misconduct of any of the AVEO Parties in connection with AVEO’s performance of its
obligations under this Agreement; or 
 (d) the costs of defending any litigation regarding alleged infringement claims arising from the
matters disclosed by AVEO to Biodesix in writing, it being agreed that (i) AVEO shall be responsible for all costs associated with litigating such alleged infringement claims, including defenses and counterclaims asserted against the Parties to
such infringement suits, and shall indemnify Biodesix therefor and shall control the defense and settlement thereof, and (ii) in the event the resolution of such alleged infringement claims results in a settlement or a judgment awarding
infringement damages to a Third Party plaintiff thereunder, Biodesix agrees to share the costs of such settlement or damages award, including the costs of any license resulting from such settlement or entered into in connection with the satisfaction
of such damages award, with AVEO on an equal basis. 
 For purposes of this Article XII, “Biodesix Parties” means
Biodesix, its Affiliates and their respective agents, directors, officers, employees and shareholders. 
 The indemnification obligations
set forth in this Section 12.2 shall not apply to the extent that any Loss is the result of a breach of this Agreement by Biodesix or, with respect to any indemnitee, the gross negligence or willful misconduct of such indemnitee. 

  
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 12.3. General Indemnification Procedures. 

(a) A Person seeking indemnification pursuant to this Article XII (an “Indemnified Party”) shall give prompt notice to
the Party from whom such indemnification is sought (the “Indemnifying Party”) of the commencement or assertion of any Third Party Claim (which in no event includes any claim by any Biodesix Party or any AVEO Party) in respect of
which indemnity may be sought hereunder, shall give the Indemnifying Party such information with respect to any indemnified matter as the Indemnifying Party may reasonably request, and shall not make any admission concerning any Third Party Claim,
unless such admission is required by applicable Law or legal process, including in response to questions presented in depositions or interrogatories. Any admission made by the Indemnified Party or the failure to give such notice shall relieve the
Indemnifying Party of any liability hereunder only to the extent that the ability of the Indemnifying Party to defend such Third Party Claim is prejudiced thereby (and no admission required by applicable Law or legal process shall be deemed to
result in prejudice). The Indemnifying Party shall assume and conduct the defense of such Third Party Claim, with counsel selected by the Indemnifying Party and reasonably acceptable to the Indemnified Party. Subject to the initial and continuing
satisfaction of the terms and conditions of this Article XII, the Indemnifying Party shall have full control of such Third Party Claim, including settlement negotiations and any legal proceedings. If the Indemnifying Party does not assume the
defense of such Third Party Claim in accordance with this Section 12.3, the Indemnified Party may defend the Third Party Claim. If both Parties are Indemnifying Parties with respect to the same Third Party Claim, the Parties shall determine by
mutual agreement, within twenty (20) days following their receipt of notice of commencement or assertion of such Third Party Claim (or such lesser period of time as may be required to respond properly to such claim), which Party shall assume
the lead role in the defense thereof Should the Indemnifying Parties be unable to mutually agree on which of them shall assume the lead role in the defense of such Third Party Claim, both Indemnifying Parties shall be entitled to participate in such
defense through counsel of their respective choosing. 
 (b) Any Indemnified Party or Indemnifying Party not managing the defense of a Third
Party Claim shall have the right to participate in (but not control), at its own expense (subject to the immediately succeeding sentence), the defense. The Indemnifying Party managing the defense shall not be liable for any litigation cost or
expense incurred, without its consent, by the Indemnified Party (or an Indemnifying Party not managing the defense) where the action or proceeding is under the control of such Indemnifying Party; provided, however, that if the
Indemnifying Party managing the defense fails to take reasonable steps necessary to defend such Third Party Claim, the Indemnified Party may assume its own defense, and the Indemnifying Party managing the defense will be liable for all reasonable
costs or expenses paid or incurred in connection therewith. 
 (c) The Indemnifying Party shall not consent to a settlement of, or the entry
of any judgment against an Indemnified Party arising from any such Third Party Claim to the extent such Third Party Claim involves equitable or other non-monetary relief from the Indemnified Party. The
Indemnifying Party shall not, without the prior written consent of the Indemnified Party, enter into any compromise or settlement that commits the Indemnified Party to take, or to forbear to take, any action. 

  
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 (d) The Parties shall cooperate in the defense or prosecution of any Third Party Claim and
shall furnish such records, information and testimony, and attend such conferences, discovery proceedings, hearings, trials and appeals, as may be reasonably requested in connection therewith. 

12.4. Insurance. Each Party agrees that it shall secure and maintain in full force and effect throughout the Term (and following
termination, to cover any claims or liabilities arising from this Agreement) commercial general liability insurance (“Commercial Insurance”) and product liability insurance (“Product Liability Insurance”) to cover
any claims or liabilities arising from this Agreement. Each Party shall also secure and maintain workers’ compensation insurance in accordance with applicable law. Any limits on a Party’s insurance coverage shall not be construed to create
a limit on its liability with respect to any of its obligations hereunder or the products developed, provided or commercialized hereunder. Each such commercial general liability insurance policy and product liability policy shall provide at least
thirty (30) days prior written notice to the other Party of the cancellation, non-renewal or substantial modification thereof. Each Party shall supply certificates of insurance to the other Party upon
request. Each Party shall be named as additional insureds on such other Party’s commercial general liability insurance policy. By no later than the second anniversary of the Effective Date, each Party agrees that it shall secure and maintain in
full force and effect the Commercial Insurance and Product Liability Insurance, each in the amount of at least [***] per occurrence. 
 ARTICLE XIII
- TERM AND TERMINATION 
 13.1. Term. The term of this Agreement (the “Term”) shall commence on the Effective Date
and, unless earlier terminated as provided in this Article XIII, shall continue in full force and effect until either (i) terminated as set forth herein or (ii) expressly terminated by the Commercialization Agreement. 

13.2. Termination for Cause. In the event of a material breach of this Agreement by a Party, the other Party may give the Party in
default notice requiring it to cure such default. If such material breach is not cured within [***] days after receipt of such notice (or within [***] days in the case of a payment breach), the notifying Party shall be entitled (without
prejudice to any of its other rights conferred on it by this Agreement or under applicable Law) to terminate this Agreement by giving written notice to the defaulting Party, with such termination to take effect immediately. The right of either Party
to terminate this Agreement as set forth in this Section 13.2 shall not be affected in any way by its waiver of, or failure to take action with respect to, any previous default. 

13.3. Termination for Insolvency. This Agreement may be terminated by a Party upon written notice to the other Party if: (a) the
other Party shall make an assignment for the benefit of its creditors, file a petition in bankruptcy, petition or apply to any tribunal for the appointment of a custodian, receiver or trustee for it or a substantial part of its assets, or shall
commence any proceeding under any bankruptcy, reorganization, readjustment of debt, dissolution or liquidation Law or statute of any jurisdiction, whether now or hereafter in effect; (b) if there shall have been filed against the other Party
any such bona fide petition or application, or any such proceeding shall have been commenced against it, in which an order for relief is entered or that remains undismissed or unstayed for a period of [***] days or more; or (c) if the
other Party by any 

  
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act or omission shall indicate its consent to, approval of or acquiescence in any such petition, application or proceeding or order for relief or the appointment of a custodian, receiver or
trustee for it or any substantial part of its assets, or shall suffer any such custodianship, receivership or trusteeship to continue undischarged or unstayed for a period of [***] days or more. Termination shall be effective upon the date
specified in such notice. 
 13.4. Effect of Termination and Expiration; Accrued Rights and Obligations. 

(a) In the event of termination of this Agreement by AVEO under Section 13.2 or Section 13.3: (a) if such termination is
effective prior to the earliest time at which Biodesix is entitled to Opt-Out pursuant to Section 3.5(c), then following such termination Biodesix shall not be entitled to receive any royalties, share of
License Income, share of profits and losses or any other payments of any kind relating to Ficlatuzumab under this Agreement, the Commercialization Agreement or otherwise; and (b) if such termination is effective after the earliest time at which
Biodesix is entitled to Opt-Out pursuant to Section 3.5(c), then Biodesix shall be deemed to have validly exercised its Opt-Out right as authorized under
Section 3.5(c) effective as of the termination date for all purposes hereunder. 
 (b) In the event of termination of this Agreement by
Biodesix under Section 13.2 or Section 13.3, which breach (or the event underlying such breach) does not prevent or irreparably disrupt the completion of the NSCLC POC Trial, then AVEO shall be deemed to have validly exercised its Opt-Out right as authorized under Section 3.5(c) effective as of the termination date for all purposes hereunder. In the event of termination of this Agreement by Biodesix under Section 13.2 or
Section 13.3, which breach (or the event underlying such breach) prevents or irreparably disrupts the completion of the NSCLC POC Trial, then AVEO shall be deemed to have validly exercised its Opt-Out
right as authorized under Section 3.5(c) effective as of the termination date for all purposes hereunder, except that AVEO shall be entitled to an Opt-Out Royalty of 50% of the otherwise applicable Opt-Out Royalty. In the event of termination of this Agreement by Biodesix under Section 13.2 or 13.3, Biodesix shall have no further obligations hereunder with respect to the VeriStrat Development Plan.
Biodesix’s obligations relating to the VeriStrat Development Plan hereunder shall survive in the event of any termination of this Agreement other than a termination by Biodesix pursuant to Section 13.2 or 13.3. 

(c) Termination of this Agreement for any reason shall not release either Party from any liability that, at the time of such termination, has
already accrued or that is attributable to a period prior to such termination (including payment obligations accrued prior to the effective date of termination) nor preclude either Party from pursuing any right or remedy it may have hereunder or at
Law or in equity with respect to any breach of this Agreement. It is understood and agreed that monetary damages may not be a sufficient remedy for any breach of this Agreement and that the non-breaching Party
may be entitled to seek injunctive relief as a remedy for any such breach. 
 13.5. Survival. The rights and obligations set forth in
this Agreement shall extend beyond the Term or termination of this Agreement only to the extent expressly provided for in this Agreement or to the extent required to give effect to a termination of this Agreement or the consequences of a termination
of this Agreement as expressly provided for in this Agreement. Without limiting the generality of the foregoing, it is agreed that the provisions of Sections 5.5, 8.1, 8.2, 9.1, 9.2, 10.1, 10.2, 10.3, 10.4, 10.5, 11.4, 12.1, 12.2, 12.3, 12.4,
14.2, 14.3, 15.1, 15.2, 15.3, 15.4, 15.5, 15.6, 15.11, 15.12, 15.13, 15.14, 15.15, and 15.16 shall survive expiration or termination of this Agreement for any reason. 

  
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 ARTICLE XIV - DISPUTE RESOLUTION 

14.1. Informal Resolution. In the event of any controversy or claim arising out of or relating to this Agreement, or the rights or
obligations of the Parties hereunder, the Parties shall first submit the matter to the JSC. If the JSC is unable to resolve such disputed matter within [***] days, either Party may refer the matter by written notice to the Chief Executive Officers
of the Parties for discussion and resolution of such dispute within [***] of such written notice (or such longer period of time as the Parties may mutually agree). 

14.2. Arbitration. 
 (a)
If the Parties are unable to resolve such dispute as provided in Section 14.1, either Party may submit such dispute to arbitration by notifying the other Party, in writing, of such dispute. Within [***] days after receipt of such notice, the
Parties shall designate in writing a single arbitrator to resolve the dispute; provided, however, that if the Parties cannot agree on an arbitrator within such [***] day period, the arbitrator shall be selected by the New York, New
York office of the American Arbitration Association (the “AAA”). The arbitrator shall be a lawyer knowledgeable and experienced in the law concerning the subject matter of the dispute, and shall not be an Affiliate, employee,
consultant, officer, director or stockholder of any Party. 
 (b) Within [***] days after the designation of the arbitrator, the arbitrator
and the Parties shall meet, at which time the Parties shall be required to set forth in writing all disputed issues and a proposed ruling on the merits of each such issue. 

(c) The arbitrator shall set a date for a hearing, which shall be no later than [***] days after the submission of written proposals pursuant
to Section 14.2(b), to discuss each of the issues identified by the Parties. The Parties shall have the right to be represented by counsel. Except as provided herein, the arbitration shall be governed by the Commercial Arbitration Rules of the
AAA; provided, however, that the Federal Rules of Evidence shall apply with regard to the admissibility of evidence. 
 (d)
The arbitrator shall use his or her best efforts to rule on each disputed issue in an expeditious manner. The determination of the arbitrator as to the resolution of any dispute shall be binding and conclusive upon the Parties. All rulings of the
arbitrator shall be in writing and shall be delivered to the Parties. 
 (e) The (i) attorneys’ fees of the Parties in any
arbitration, (ii) fees of the arbitrator and (iii) costs and expenses of the arbitration shall be borne by the Parties as determined by the arbitrator. 

(f) Any arbitration pursuant to this Section 14.2 shall be conducted in New York, New York. Judgment upon the award so rendered may be
entered in any court having jurisdiction or application may be made to such court for judicial acceptance of any award and an order of enforcement, as the case may be. 

  
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 14.3. No Limitation. Nothing in this Article XIV shall be construed as limiting
in any way the right of a Party to seek a temporary restraining order or preliminary injunction with respect to any actual or threatened breach of this Agreement from, or to bring an action in aid of arbitration. 

ARTICLE XV - MISCELLANEOUS 
 15.1.
Governing Law. This Agreement and any dispute arising from the performance or breach of this Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of Delaware, without regard to its conflicts of laws
rules. The provisions of the United Nations Convention on Contracts for the International Sale of Goods shall not apply to this Agreement or any subject matter hereof. 

15.2. Waiver. Waiver by a Party of a breach hereunder by the other Party shall not be construed as a waiver of any succeeding breach of
the same or any other provision. No delay or omission by a Party to exercise or avail itself of any right, power or privilege that it has or may have hereunder shall operate as a waiver of any right, power or privilege by such Party. No waiver shall
be effective unless made in writing with specific reference to the relevant provision(s) of this Agreement and signed by a duly authorized representative of the Party granting the waiver. 

15.3. Notices. All notices, instructions and other communications hereunder or in connection herewith shall be in writing, shall be
sent to the address specified in this Section 15.3 and shall be: (a) delivered personally; (b) sent by registered or certified mail, return receipt requested, postage prepaid; (c) sent via a reputable nationwide overnight courier
service; or (d) sent by facsimile transmission or electronic mail. Any such notice, instruction or communication shall be deemed to have been delivered upon receipt if delivered by hand, three (3) Business Days after it is sent by
registered or certified mail, return receipt requested, postage prepaid, one (1) Business Day after it is sent via a reputable nationwide overnight courier service, or when transmitted with electronic confirmation of receipt, if transmitted by
facsimile or email (if such transmission is on a Business Day; otherwise, on the next Business Day following such transmission). 
 Notices to Biodesix
shall be addressed to: 
 Biodesix, Inc. 
 2970 Wilderness
Place, Suite 100 
 Boulder, Colorado 80301 
 Attention: Legal
and Regulatory Affairs 
 Telephone: (303) 417-0500 

Facsimile: (303) 417-9700 

With copies to (which shall not constitute notice): 
 Biodesix,
Inc. 
 2970 Wilderness Place, Suite 100 
 Boulder, Colorado
80301 
 Attention: Business Development 
 Telephone: (303) 417-0500 
 Facsimile: (303) 417-9700 

  
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 Notices to AVEO shall be addressed to: 

AVEO Pharmaceuticals, Inc. 
 650 E. Kendall Street 

Cambridge, MA 02142 
 [***] 

with a copy to: 
 Wilmer Cutler Pickering Hale and Don LLP 

60 State Street 
 Boston, MA 02109 

Attention: Steven D. Barrett, Esq. 
 Facsimile: (617) 526-5000 
 Either Party may change its address by giving notice to the other Party in the manner provided
above. 
 15.4. Entire Agreement. This Agreement (including Exhibits) contains the complete understanding of the Parties with respect
to the subject matter hereof and supersedes all prior understandings and writings relating to such subject matter, including the MTA which is hereby merged and subsumed into, and superseded by this Agreement. No amendment change or addition to this
Agreement will be effective or binding on either Party unless reduced to writing and duly executed on behalf of both Parties. 
 15.5.
Headings. Headings in this Agreement are for convenience of reference only and shall not be considered in construing this Agreement. 

15.6. Severability. If any provision of this Agreement is held unenforceable by a court or tribunal of competent jurisdiction because
it is invalid or conflicts with any Law of any relevant jurisdiction, the validity of the remaining provisions shall not be affected. In such event, the Parties shall negotiate a substitute provision that, to the extent possible, accomplishes the
original business purpose. 
 15.7. Registration and Filing of the Agreement. To the extent a Party determines in good faith that it
is required by applicable Law to publicly file, register or notify this Agreement with a Regulatory Authority, including public filings pursuant to securities Laws, it shall provide the proposed redacted form of the Agreement to the other Party a
reasonable amount of time prior to filing for the other Party to review such draft and propose changes to such proposed redactions. The Party making such filing, registration or notification shall incorporate any proposed changes timely requested by
the other Party, absent a substantial reason to the contrary, and shall use commercially reasonable efforts to seek confidential treatment for any terms that the other Party timely requests be kept confidential, to the extent such confidential
treatment is reasonably available consistent with applicable Law. Each Party shall be responsible for its own legal and other external costs in connection with any such filing, registration or notification. 

  
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 15.8. Assignment; Change of Control. Neither this Agreement nor any right or
obligation hereunder may be assigned or otherwise transferred by any Party without the consent of the other Party, which shall not be unreasonably withheld; provided, however, that any Party may, without such consent, assign this Agreement:
(a) in whole or in part to any of its respective Affiliates; provided that such Party shall remain primarily liable in respect of all obligations so assigned and such Affiliate has acknowledged and confirmed in writing that effective as of such
assignment or other transfer, such Affiliate shall be bound by this Agreement as if it were a party to it as and to the identical extent applicable to the transferor; or (b) to any successor in interest by way of a Change of Control,
acquisition or sale of all or substantially all of its assets relating to the subject matter of this Agreement (where any such transaction shall constitute an attempted assignment of this Agreement) provided that (1) such Party shall remain
primarily liable in respect of all obligations so assigned and such successor has acknowledged and confirmed in writing that effective as of such assignment or other transfer, such successor shall be bound by this Agreement as if it were a party to
it as and to the identical extent applicable to the transferor; (2) such successor agrees in writing to be bound by the terms of this Agreement as if it were the assigning party and (3) such successor agrees in writing to be bound by the
terms of Section 15.8(b). Upon a Change of Control of either Party and upon an assignment of this Agreement in its entirety by either Party, the Party or the assignee, as the case may be, agrees to: (a) use Commercially Reasonable efforts
to satisfy the Development or Commercialization timeline (e.g., GANT chart) then approved by the JSC and in effect; and (b) use no less effort in the performance of the Party’s or the assigning Party’s, as applicable, obligations
hereunder than the Party or the assigning Party, as applicable, was itself using prior to such transaction. 
 In addition, any purported
assignment in violation of this Section 15.8 shall be void. Any permitted assignee shall assume all assigned obligations of its assignor under this Agreement. 

Notwithstanding anything to the contrary in this Agreement, if a Party to this Agreement is acquired or otherwise becomes directly or
indirectly “controlled” (as such term is defined for purposes of Section 1.1) by one or more entities that were not Affiliates of such Party as of the Effective Date, the Know-How and Patent
Rights of such acquiring or otherwise controlling entity(-ies) shall not be subject to the rights and licenses granted to the other Party under this Agreement, except to the extent such acquiring or otherwise
controlling entity(-ies) participate in activities pursuant to this Agreement, in which case the Know-How and Patent Rights that such
entity(-ies) generate in the conduct of such activities shall be subject to the rights and licenses granted to the other Party under this Agreement. 

15.9. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument. The exchange of copies of this Agreement and of signature pages by facsimile transmission or.pdf delivered via email will constitute effective execution and delivery of this Agreement as
to the parties and may be used in lieu of the original Agreement for all purposes. 
 15.10. Force Majeure. Except with respect to
payment obligations, neither Party shall be liable for failure of or delay in performing obligations set forth in this Agreement, and neither Party shall be deemed in breach of its obligations, if such failure or delay is due to a natural disaster,
explosion, fire, flood, tornadoes, thunderstorms, earthquake, war, terrorism, riots, embargo, losses or shortages of power, labor stoppage, substance or material shortages, damage to or loss of product in transit, events caused by reason of Laws of
any Regulatory Authority, events caused by acts or omissions of a Third Party, or any other cause reasonably beyond the control of such Party. 

  
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 15.11. Public Disclosure. In connection with the execution of this Agreement, the
Parties shall jointly issue one or more press releases, the contents of which shall be substantially similar to Exhibit C, with such other contents and changes as may be mutually agreed. Except as otherwise required by applicable Law, neither
Party shall issue any additional press release or make any other public disclosure concerning this Agreement or the subject matter hereof without first providing the other Party with a copy of the proposed release or public disclosure for review and
comment, provided that such right of review and comment shall only apply for the first time that specific information is to be disclosed, and shall not apply to the subsequent disclosure of substantially similar information that has previously been
disclosed. The Party proposing to make the press release or other public disclosure shall give due consideration to any reasonable comments by the other Party relating to such proposed press release or other public disclosure. The principles to be
observed by Biodesix and AVEO in press releases or other public disclosures with respect to this Agreement shall be: accuracy, compliance with applicable legal requirements, the requirements of confidentiality under Article X and normal
business practice in the pharmaceutical industry for disclosures by companies comparable to Biodesix and AVEO. For the avoidance of doubt, either Party may issue such press releases as it determines, based on advice of counsel, are reasonably
necessary to comply with applicable Law or for appropriate market disclosure. It is understood, however, that except as required by applicable Law, the Parties shall not disclose the specific financial terms and conditions of this Agreement in any
press release or other public disclosure. In addition, if a public disclosure is required by applicable Law, including in a filing with the United States Securities and Exchange Commission, the disclosing Party shall provide copies of the proposed
disclosure reasonably in advance of such filing or other disclosure for the non-disclosing Party’s prior review and comment and shall give due consideration to any reasonable comments by the non-filing Party relating to such filing, including the provisions of this Agreement for which confidential treatment should be sought. 

15.12. Third-Party Beneficiaries. None of the provisions of this Agreement shall be for the benefit of or enforceable by any Third
Party other than an indemnitee under Article XII. No such Third Party shall obtain any right under any provision of this Agreement or shall by reason of any such provision make any claim in respect of any debt, liability or obligation (or
otherwise) against either Party. 
 15.13. Relationship of the Parties. Subject to the terms of this Agreement, the activities and
resources of each Party shall be managed by such Party, acting independently and in its individual capacity. Each Party shall bear its own costs incurred in the performance of its obligations hereunder without charge or expense to the other, except
as expressly provided in this Agreement. Neither Party shall have any responsibility for the hiring, termination or compensation of the other Party’s employees or for any employee compensation or benefits of the other Party’s employees,
other than with respect to Biodesix’s reimbursement obligations under Section 3.5. No employee or representative of a Party shall have any authority to bind or obligate the other Party for any sum or in any manner whatsoever, or to create
or impose any contractual or other liability on the other Party without said other Party’s approval. For all purposes, and notwithstanding any other provision of this Agreement to the contrary, the legal relationship under this Agreement of
each Party to the other Party shall be that of independent contractor. Nothing in this Agreement shall be construed to establish a relationship of partners or joint venturers between the Parties. 

  
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 EXECUTION VERSION 

 

 15.14. Performance by Affiliates. To the extent that this Agreement imposes
obligations on Affiliates of a Party, such Party agrees to cause its Affiliates to perform such obligations. 
 15.15. Construction.
Each Party acknowledges that it has been advised by counsel during the course of negotiation of this Agreement, and, therefore, that this Agreement shall be interpreted without regard to any presumption or rule requiring construction against the
Party causing this Agreement to be drafted. Any reference in this Agreement to an Article, Section, subsection, paragraph, clause or Exhibit shall be deemed to be a reference to any Article, Section, subsection, paragraph, clause or Exhibit, of or
to, as the case may be, this Agreement. Except where the context otherwise requires, (a) wherever used, the use of any gender will be applicable to all genders, (b) the word “or” is used in the inclusive sense (and/or),
(c) any definition of or reference to any agreement, instrument or other document refers to such agreement, instrument other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein or therein), (d) any reference to any Laws refers to such Laws as from time to time enacted, repealed or amended, (e) the words “herein”, “hereof’ and
“hereunder”, and words of similar import, refer to this Agreement in its entirety and not to any particular provision hereof, (f) the words “include”, “includes” and “including” shall be deemed to be
followed by the phrase “but not limited to”, “without limitation” or words of similar import. 
 15.16. No
Consequential or Punitive Damages. EXCEPT FOR GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, NEITHER PARTY HERETO WILL BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY OR PUNITIVE DAMAGES, INCLUDING LOST PROFITS, ARISING FROM OR
RELATING TO THIS AGREEMENT, REGARDLESS OF ANY NOTICE OF SUCH DAMAGES. NOTHING IN THIS SECTION 15.16 IS INTENDED TO LIMIT OR RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF EITHER PARTY UNDER THIS AGREEMENT WITH RESPECT TO THIRD PARTY CLAIMS OR
WITH RESPECT TO THE INFRINGEMENT OR MISAPPROPRIATION OF THE OTHER PARTY’S INTELLECTUAL PROPERTY RIGHTS OR CONFIDENTIAL INFORMATION. 

[Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the Parties hereto have set their hand as of the date first above
written. 
  

									
	AVEO PHARMACEUTICALS, INC.	 		 	BIODESIX, INC.

									
					
	By:	 	/s/ Tuan Ha-Ngoc	 		 	  By:	 	/s/ David Brunel
		 	Title: Tuan Ha-Ngoc, President and CEO	 		 		 	Title: David Brunel, Chief Executive Officer

 [SIGNATURE PAGE TO THE CO-DEVELOPMENT AND COLLABORATION
AGREEMENT]

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