Document:

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                                                                    Exhibit 10.7

1.   ADOPTED BY THE BOARD OF DIRECTORS ON MAY 1, 1993; APPROVED BY THE
     STOCKHOLDERS ON JUNE 25, 1993.
2.   AMENDED BY THE BOARD OF DIRECTORS ON SEPTEMBER 24, 1993 (NO STOCKHOLDER
     APPROVAL REQUIRED).
3.   AMENDED BY THE BOARD OF DIRECTORS ON OCTOBER 24, 1994, MARCH 17, 1995 AND
     APRIL 6, 1995; APPROVED BY THE STOCKHOLDERS ON MAY 19, 1995.
4.   AMENDED BY THE BOARD OF DIRECTORS ON MARCH 13, 1996; APPROVED BY THE
     STOCKHOLDERS ON MAY 15, 1996.
5.   AMENDED BY THE BOARD OF DIRECTORS ON MARCH 3, 1997; APPROVED BY THE
     STOCKHOLDERS ON MAY 28, 1997.
6.   AS AMENDED BY THE BOARD OF DIRECTORS ON MARCH 4, 1998; APPROVED BY THE
     STOCKHOLDERS ON MAY 27, 1998.
7.   AS AMENDED BY THE BOARD OF DIRECTORS ON MARCH 3, 1999; APPROVED BY THE
     STOCKHOLDERS ON MAY 25, 1999.
8.   AS AMENDED BY THE BOARD OF DIRECTORS ON MARCH 1, 2000; APPROVED BY THE
     STOCKHOLDERS ON MAY 24, 2000.
9.   AS AMENDED BY THE BOARD OF DIRECTORS ON MARCH 7, 2001 AND RATIFIED DECEMBER
     18, 2001.

                         GENZYME TRANSGENICS CORPORATION

                 AMENDED AND RESTATED 1993 EQUITY INCENTIVE PLAN

Section 1.  PURPOSE

     The purpose of the Genzyme Transgenics Corporation 1993 Equity Incentive
Plan (the "Plan") is to attract and retain key employees, consultants and
non-employee directors, to provide an incentive for them to assist the Company
to achieve long-range performance goals, and to enable them to participate in
the long-term growth of the Company.

Section 2.  DEFINITIONS

     "Affiliate" means any business entity in which the Company owns directly or
indirectly 50% or more of the total combined voting power or has a significant
financial interest as determined by the Committee.

     "Award" means any Option, Stock Appreciation Right, Performance Share,
Restricted Stock or Stock Unit awarded under the Plan.

     "Board" means the Board of Directors of the Company.

     "Code" means the Internal Revenue Code of 1986, as amended from time to
time.

     "Committee" means either any one of one or more committees of the Board
appointed by the Board to administer the Plan, the members of which are
"Non-Employee Directors" within

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the meaning of Rule 16b-3 under the Securities Exchange Act of 1934, as amended,
or any successor provision (the "Rule") to the extent necessary to comply with
the Rule.

     "Common Stock" or "Stock" means the Common Stock, $0.01 par value, of the
Company.

     "Company" means Genzyme Transgenics Corporation.

     "Designated Beneficiary" means the beneficiary designated by a Participant,
in a manner determined by the Committee, to receive amounts due or exercise
rights of the Participant in the event of the Participant's death. In the
absence of an effective designation by a Participant, designated Beneficiary
shall mean the Participant's estate.

     "Fair Market Value" means, with respect to Common Stock or any other
property, the fair market value of such property as determined by the Committee
in good faith or in the manner established by the Committee from time to time.

     "Incentive Stock Option" means an option to purchase shares of Common Stock
awarded to a Participant under Section 6 which is intended to meet the
requirements of Section 422 of the Code or any successor provision.

     "Non-Employee Director" means a director of the Company who is not an
employee of the Company or of any subsidiary of the Company.

     "Nonstatutory Stock Option" means an option to purchase shares of Common
Stock awarded to a Participant under Section 6 or 7 which is not intended to be
an Incentive Stock Option.

     "Option" means an Incentive Stock Option or a Nonstatutory Stock Option.

     "Participant" means a person selected by the Committee to receive an Award
under the Plan.

     "Performance Cycle" or "Cycle" means the period of time selected by the
Committee during which performance is measured for the purpose of determining
the extent to which an award of Performance Shares has been earned.

     "Performance Shares" mean shares of Common Stock which may be earned by the
achievement of performance goals awarded to a Participant under Section 9.

     "Reporting Person" means a person subject to Section 16 of the Securities
Exchange Act of 1934, as amended, or any successor provision.

     "Restricted Period" means the period of time selected by the Committee
during which an award of Restricted Stock may be forfeited to the Company.

     "Restricted Stock" means shares of Common Stock subject to forfeiture
awarded to a Participant under Section 10.

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     "Stock Appreciation Right" or "SAR" means a right to receive any excess in
value of shares of Common Stock over the exercise price awarded to a Participant
under Section 8.

     "Stock Unit" means an award of Common Stock or units that are valued in
whole or in part by reference to, or otherwise based on, the value of Common
Stock, awarded to a Participant under Section 11.

Section 3.  ADMINISTRATION

     The Plan shall be administered by the Committee. The Committee shall have
authority to adopt, alter and repeal such administrative rules, guidelines and
practices governing the operation of the Plan as it shall from time to time
consider advisable, and to interpret the provisions of the Plan. The Committee's
decisions shall be final and binding. To the extent permitted by applicable law,
the Committee may delegate to one or more executive officers of the Company the
power to make Awards to Participants who are not Reporting Persons and all
determinations under the Plan with respect thereto, provided that the Committee
shall fix the maximum amount of such Awards for the group and a maximum for any
one Participant.

Section 4.  ELIGIBILITY

     All employees, and in the case of Awards other than Incentive Stock
Options, consultants of the Company, Non-Employee Directors or any Affiliate
capable of contributing significantly to the successful performance of the
Company, other than a person who has irrevocably elected not to be eligible, are
eligible to be Participants in the Plan.

Section 5.  STOCK AVAILABLE FOR AWARDS

     (a) Subject to adjustment under subsection (b), Awards may be made under
the Plan for up to 4,140,000(1) shares of Common Stock. If any Award in respect
of shares of Common Stock expires or is terminated unexercised or is forfeited
for any reason or settled in a manner that results in fewer shares outstanding
than were initially awarded, including without limitation the surrender of
shares in payment for the Award or any tax obligation thereon, the shares
subject to such Award or so surrendered, as the case may be, to the extent of
such expiration, termination, forfeiture or decrease, shall again be available
for award under the Plan, subject, however, in the case of Incentive Stock
Options, to any limitation required under the Code. Common Stock issued through
the assumption or substitution of outstanding grants from an acquired company
shall not reduce the shares available for Awards under the Plan. Shares issued
under the Plan may consist in whole or in part of authorized but unissued shares
or treasury shares.

     (b) In the event that the Committee determines that any stock dividend,
extraordinary cash dividend, creation of a class of equity securities,
recapitalization, reorganization, merger,

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(1)This member includes 224,350 shares reserved for issuance upon the exercise
of outstanding options to purchase shares of common stock of TSI Corporation,
which options were assumed by the Company in October 1994 in connection with the
Company's acquisition of TSI Corporaiton.

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consolidation, split-up, spin-off, combination, exchange of shares, warrants or
rights offering to purchase Common Stock at a price substantially below fair
market value, or other similar transaction affects the Common Stock such that an
adjustment is required in order to preserve the benefits or potential benefits
intended to be made available under the Plan, then the Committee, subject, in
the case of Incentive Stock Options, to any limitation required under the Code,
shall equitably adjust any or all of (i) the number and kind of shares in
respect of which Awards may be made under the Plan, (ii) the number and kind of
shares subject to outstanding Awards, and (iii) the award, exercise or
conversion price with respect to any of the foregoing, and if considered
appropriate, the Committee may make provision for a cash payment with respect to
an outstanding Award, provided that the number of shares subject to any Award
shall always be a whole number.

Section 6.  STOCK OPTIONS

     (a) Subject to the provisions of the Plan, the Committee may award
Incentive Stock Options and Nonstatutory Stock Options and determine the number
of shares to be covered by each Option, the option price therefor and the
conditions and limitations applicable to the exercise of the Option. The terms
and conditions of Incentive Stock Options shall be subject to and comply with
Section 422 of the Code, or any successor provision, and any regulations
thereunder.

     (b) The Committee shall establish the option price at the time each Option
is awarded, which price shall not be less than 100% of the Fair Market Value of
the Common Stock on the date of award.

     (c) Each Option shall be exercisable at such times and subject to such
terms and conditions as the Committee may specify in the applicable Award or
thereafter. The Committee may impose such conditions with respect to the
exercise of Options, including conditions relating to applicable federal or
state securities laws, as it considers necessary or advisable.

     (d) No shares shall be delivered pursuant to any exercise of an Option
until payment in full of the option price therefor is received by the Company.
Such payment may be made in whole or in part in cash or, to the extent permitted
by the Committee at or after the award of the Option, by delivery of a note or
shares of Common Stock owned by the optionee, including Restricted Stock, valued
at their Fair Market Value on the date of delivery, or such other lawful
consideration as the Committee may determine.

     (e) The Committee may provide for the automatic award of an Option upon the
delivery of shares to the Company in payment of an Option for up to the number
of shares so delivered.

Section 7.  STOCK OPTIONS FOR NON-EMPLOYEE DIRECTORS

     (a) GRANT OF OPTIONS AND OPTION TERMS

         (1) AUTOMATIC GRANT OF OPTIONS FOR NON-EMPLOYEE DIRECTORS (OTHER THAN
CHAIRMAN OF THE BOARD). Upon the election or re-election of Non-Employee
Directors (other than Chairman of the Board), such director shall automatically
be granted an Option to purchase

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7,500 shares of Common Stock for each year of the term of office to which he or
she is elected. If such director is elected on a date other than the date of an
annual meeting of stockholders (whether elected by the Board or the stockholders
and whether to fill a vacancy or otherwise), such director shall automatically
be granted Options to purchase 7,500 shares of Common Stock for each year or
portion thereof of the term of office to which he or she is elected.

         (2) AUTOMATIC GRANT OF OPTIONS FOR A NON-EMPLOYEE DIRECTOR CHAIRMAN OF
BOARD. Upon the election or re-election of a Non-Employee Director Chairman of
the Board, such director shall automatically be granted an Option to purchase
15,000 shares of Common Stock for each year of the term of office to which he or
she is elected. If such director is elected on a date other than the date of an
annual meeting of stockholders (whether elected by the Board or the stockholders
and whether to fill a vacancy or otherwise), such director shall automatically
be granted Options to purchase 15,000 shares of Common Stock for each year or
portion thereof of the term of office to which he or she is elected.

         (3) ONE-TIME AUTOMATIC GRANT OF ADDITIONAL SHARES FOR NON-EMPLOYEE
DIRECTORS. For each Non-Employee Director whose term began before 2001 and
expires in 2002, such director shall automatically be granted an Option to
purchase 2,500 shares of Common Stock.

         (4) NONSTATUTORY STOCK OPTIONS. All Options granted under this Section
7(a) shall be nonstatutory options not entitled to special tax treatment under
Section 422 of the Code.

         (5) DATE OF GRANT. The "Date of Grant" for Options granted under
Section 7(a)(1) or (2) shall be the date of election or re-election as a
Non-Employee Director, commencing with the first election or re-election in
2001. In the case of the one-time grant provided under Section 7(a)(3) above,
the "Date of Grant" shall be the annual meeting of stockholders held in 2001.

     (b) OPTION PRICE. The Option price for each Option granted under this Plan
shall be the current fair market value of a share of Common Stock of the Company
as determined by the last sale price for the Company's Common Stock as reported
by the National Association of Securities Dealers Automated Quotations National
Market System for the business day immediately preceding the Date of Grant.

     (c) TERM OF OPTION. The term of each Option granted under this section
shall be ten years from the Date of Grant.

     (d) EXERCISABILITY OF OPTIONS. Options granted under this Plan to a
Non-Employee Director on election or re-election shall become exercisable with
respect to 7,500 shares on the Date of Grant and on each annual meeting of
stockholders of the Company following the Date of Grant if and only if the
director is a member of the Board at the opening of business on that date (e.g.,
an Option to purchase 22,500 shares of Common Stock granted at the 2001 annual
meeting would become exercisable with respect to 7,500 shares at each of the
2001, 2002 and 2003 annual meetings). Options granted pursuant to the one-time
grant provided under Section 7(a)(3) above shall become exercisable on the Date
of Grant.

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     (e) GENERAL EXERCISE TERMS. Non-Employee Directors holding exercisable
Options under this section who cease to serve as members of the Board may,
during their lifetime, exercise the rights they had under such Options at the
time they ceased being a director for the full unexpired term of such Option.
Any rights that have not yet become exercisable shall terminate upon cessation
of membership on the Board. Upon the death of a director, those entitled to do
so shall have the right, at any time within twelve months after the date of
death, to exercise in whole or in part any rights which were available to the
director at the time of his or her death. The rights of the Participant may be
exercised by the Participant's guardian or legal representative in the case of
disability and by the beneficiary designated by the Participant in writing
delivered to the Company or, if none has been designated, by the Participant's
estate or his or her transferee on death in accordance with this Section 7, in
the case of death. Options granted under this Section 7 shall terminate, and no
rights thereunder may be exercised, after the expiration of the applicable
exercise period. Notwithstanding the foregoing provisions of this Section 7, no
rights under any Options may be exercised after the expiration of ten years from
their Date of Grant.

Section 8.  STOCK APPRECIATION RIGHTS

     (a) Subject to the provisions of the Plan, the Committee may award SARs in
tandem with an Option (at or after the award of the Option), or alone and
unrelated to an Option. SARs in tandem with an Option shall terminate to the
extent that the related Option is exercised, and the related Option shall
terminate to the extent that the tandem SARs are exercised. SARs shall have an
exercise price of not less than the Fair Market Value of the Common Stock on the
date of award, or in the case of SARs in tandem with Options, the exercise price
of the related Option.

     (b) An SAR related to an Option which can only be exercised during limited
periods following a change in control of the Company, may entitle the
Participant to receive an amount based upon the highest price paid or offered
for Common Stock in any transaction relating to the change in control or paid
during the thirty-day period immediately preceding the occurrence of the change
in control in any transaction reported in the stock market in which the Common
Stock is normally traded.

Section 9.  PERFORMANCE SHARES

     (a) Subject to the provisions of the Plan, the Committee may award
Performance Shares and determine the number of such shares for each Performance
Cycle and the duration of each Performance Cycle. There may be more than one
Performance Cycle in existence at any one time, and the duration of Performance
Cycles may differ from each other. The payment value of Performance Shares shall
be equal to the Fair Market Value of the Common Stock on the date the
Performance Shares are earned or, in the discretion of the Committee, on the
date the Committee determines that the Performance Shares have been earned.

     (b) The Committee shall establish performance goals for each Cycle, for the
purpose of determining the extent to which Performance Shares awarded for such
Cycle are earned, on the basis of such criteria and to accomplish such
objectives as the Committee may from time to time select. During any Cycle, the
Committee may adjust the performance goals for such Cycle as it deems equitable
in recognition of unusual or non-recurring events affecting the Company,

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changes in applicable tax laws or accounting principles, or such other factors
as the Committee may determine.

     (c) As soon as practicable after the end of a Performance Cycle, the
Committee shall determine the number of Performance Shares which have been
earned on the basis of performance in relation to the established performance
goals. The payment values of earned Performance Shares shall be distributed to
the Participant or, if the Participant has died, to the Participant's Designated
Beneficiary, as soon as practicable thereafter. The Committee shall determine,
at or after the time of award, whether payment values will be settled in whole
or in part in cash or other property, including Common Stock or Awards.

Section 10. RESTRICTED STOCK

     (a) Subject to the provisions of the Plan, the Committee may award shares
of Restricted Stock and determine the duration of the Restricted Period during
which, and the conditions under which, the shares may be forfeited to the
Company and the other terms and conditions of such Awards. Shares of Restricted
Stock shall be issued for no cash consideration or such minimum consideration as
may be required by applicable law.

     (b) Shares of Restricted Stock may not be sold, assigned, transferred,
pledged or otherwise encumbered, except as permitted by the Committee, during
the Restricted Period. Shares of Restricted Stock shall be evidenced in such
manner as the Committee may determine. Any certificates issued in respect of
shares of Restricted Stock shall be registered in the name of the Participant
and unless otherwise determined by the Committee, deposited by the Participant,
together with a stock power endorsed in blank, with the Company. At the
expiration of the Restricted Period, the Company shall deliver such certificates
to the Participant or if the Participant has died, to the Participant's
Designated Beneficiary.

Section 11. STOCK UNITS

     (a) Subject to the provisions of the Plan, the Committee may award Stock
Units subject to such terms, restrictions, conditions, performance criteria,
vesting requirements and payment rules as the Committee shall determine.

     (b) Shares of Common Stock awarded in connection with a Stock Unit Award
shall be issued for no cash consideration or such minimum consideration as may
be required by applicable law.

Section 12. GENERAL PROVISIONS APPLICABLE TO AWARDS

     (a) LIMITATIONS ON TRANSFERABILITY. Options shall not be transferable by
the recipient other than by will or the laws of descent and distribution and are
exercisable during such person's lifetime only by such person or by such
person's guardian or legal representative; provided that the Committee may in
its discretion waive such restriction in any case.

     (b) DOCUMENTATION. Each Award under the Plan shall be evidenced by a
writing delivered to the Participant specifying the terms and conditions thereof
and containing such other terms and conditions not inconsistent with the
provisions of the Plan as the Committee considers

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necessary or advisable to achieve the purposes of the Plan or comply with
applicable tax and regulatory laws and accounting principles.

     (c) COMMITTEE DISCRETION. Each type of Award may be made alone, in addition
to or in relation to any other type of Award. The terms of each type of Award
need not be identical, and the Committee need not treat Participants uniformly.
Except as otherwise provided by the Plan or a particular Award, any
determination with respect to an Award may be made by the Committee at the time
of award or at any time thereafter.

     (d) SETTLEMENT. The Committee shall determine whether Awards are settled in
whole or in part in cash, Common Stock, other securities of the Company, Awards
or other property. The Committee may permit a Participant to defer all or any
portion of a payment under the Plan, including the crediting of interest on
deferred amounts denominated in cash and dividend equivalents on amounts
denominated in Common Stock.

     (e) DIVIDENDS AND CASH AWARDS. In the discretion of the Committee, any
Award under the Plan may provide the Participant with (i) dividends or dividend
equivalents payable currently or deferred with or without interest, and (ii)
cash payments in lieu of or in addition to an Award.

     (f) TERMINATION OF EMPLOYMENT. Except as otherwise provided under Section
7, the Committee shall determine the effect on an Award of the disability,
death, retirement or other termination of employment of a Participant and the
extent to which, and the period during which, the Participant's legal
representative, guardian or Designated Beneficiary may receive payment of an
Award or exercise rights thereunder.

     (g) CHANGE IN CONTROL. In order to preserve a Participant's rights under an
Award in the event of a change in control of the Company, the Committee in its
discretion may, at the time an Award is made or at any time thereafter, take one
or more of the following actions: (i) provide for the acceleration of any time
period relating to the exercise or realization of the Award, (ii) provide for
the purchase of the Award upon the Participant's request for an amount of cash
or other property that could have been received upon the exercise or realization
of the Award had the Award been currently exercisable or payable, (iii) adjust
the terms of the Award in a manner determined by the Committee to reflect the
change in control, (iv) cause the Award to be assumed, or new rights substituted
therefor, by another entity, or (v) make such other provision as the Committee
may consider equitable and in the best interests of the Company. Notwithstanding
anything above to the contrary, with respect to Options granted to Non-Employee
Directors, upon a change of control, any deferred exercise period shall be
automatically accelerated and each Participant of an outstanding Option granted
under Section 7(a) shall be entitled to receive upon exercise and payment in
accordance with the terms of the Option the same shares, securities or property
as he would have been entitled to receive upon the occurrence of such event if
he had been, immediately prior to such event, the holder of the number of shares
of Common Stock purchasable under his Option; provided, however, that in lieu of
the foregoing the Board may upon written notice to each such Participant of an
outstanding Option or right under the Plan, provide that such Option or right
shall terminate on a date not less than twenty days after the date of such
notice unless theretofore exercised.

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     (h) WITHHOLDING. The Participant shall pay to the Company, or make
provision satisfactory to the Committee for payment of, any taxes required by
law to be withheld in respect of Options under the Plan no later than the date
of the event creating the tax liability. The Company and its Affiliates may, to
the extent permitted by law, deduct any such tax obligations from any payment of
any kind otherwise due to the Participant. In the Committee's discretion, the
Participant may pay any taxes due with respect to an Option in whole or in part
in shares of Common Stock, including shares retained from the Option creating
the tax obligation, valued at their Fair Market Value on the date of retention
or delivery.

     (i) FOREIGN NATIONALS. Awards may be made to Participants who are foreign
nationals or employed outside the United States on such terms and conditions
different from those specified in the Plan as the Committee considers necessary
or advisable to achieve the purposes of the Plan or comply with applicable laws.

     (j) AMENDMENT OF AWARD. The Committee may amend, modify or terminate any
outstanding Award, including substituting therefor another Award of the same or
a different type, changing the date of exercise or realization and converting an
Incentive Stock Option to a Nonstatutory Stock Option, provided that the
Participant's consent to such action shall be required unless the Committee
determines that the action, taking into account any related action, would not
materially and adversely affect the Participant.

Section 13. MISCELLANEOUS

     (a) LIMITATION ON NUMBER OF SHARES GRANTED. Notwithstanding any other
provision of the Plan, the aggregate number of shares of Common Stock subject to
Options and SARs that may be granted within any fiscal year to any one Eligible
Person under the Plan shall not exceed that number of shares equal to 20% of the
total number of shares reserved for issuance under the Plan, except for grants
to new hires during the fiscal year of hiring which shall not exceed that number
of shares equal to 30% of the total number of shares reserved for issuance under
the Plan.

     (b) NO RIGHT TO EMPLOYMENT OR DIRECTORSHIP. No person shall have any claim
or right to be granted an Award, and the grant of an Award shall not be
construed as giving a Participant the right to continued employment or the right
to continue as a director of the Company, as the case may be. The Company
expressly reserves the right at any time to dismiss a Participant free from any
liability or claim under the Plan, except as expressly provided in the
applicable Award.

     (c) NO RIGHTS AS SHAREHOLDER. Subject to the provisions of the applicable
Award, no Participant or Designated Beneficiary shall have any rights as a
shareholder with respect to any shares of Common Stock to be distributed under
the Plan until he or she becomes the holder thereof. A Participant to whom
Common Stock is awarded shall be considered the holder of the Stock at the time
of the Award except as otherwise provided in the applicable Award.

     (d) EFFECTIVE DATE. Subject to the approval of the shareholders of the
Company, the Plan shall be effective on May 1, 1993. Prior to such approval,
Awards may be made under the Plan expressly subject to such approval.

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     (e) AMENDMENT OF PLAN. The Board may amend, suspend or terminate the Plan
or any portion thereof at any time, provided that no amendment shall be made
without shareholder approval if such approval is necessary to comply with any
applicable tax or regulatory requirement.

     (f) GOVERNING LAW. The provisions of the Plan shall be governed by and
interpreted in accordance with the laws of the Commonwealth of Massachusetts.

                                       10<Page>

                                                                   Exhibit 10.21

                   EXCLUSIVE DEVELOPMENT AND LICENSE AGREEMENT

                                     BETWEEN

                         GENZYME TRANSGENICS CORPORATION

                                       AND

                         ADVANCED CELL TECHNOLOGY, INC.

     This Exclusive Development and License Agreement (the "Agreement") is made
and entered into as of June 8, 1999 (the "Effective Date") by and between
Genzyme Transgenics Corporation, a Massachusetts corporation with its principal
place of business at Five Mountain Road, Framingham, Massachusetts 01701 ("GTC")
and Advanced Cell Technology, Inc., a Delaware corporation with its principal
place of business at One Innovation Drive, Worcester, Massachusetts 01605
("ACT," and together with GTC, the "parties"). As set forth below, the
University of Massachusetts (the "University") has agreed to be bound by certain
provisions of this Agreement.

                                    RECITALS

     A. ACT owns or has licensed with a sublicensable interest the ACT Patent
Rights and the ACT Technology (as defined below).

     B. Pursuant to an existing Development Agreement (as defined below) between
GTC and ACT, ACT has been engaged in certain animal cloning activities on behalf
of GTC.

     C. GTC and ACT now desire to supersede the Development Agreement and
replace it with this Agreement under which (i) certain cloning work begun under
or contemplated by the Development Agreement will be completed, (ii) ACT will
grant an exclusive license to GTC to use the ACT Patent Rights and ACT
Technology in the GTC Field (as such terms are defined below), and (iii) GTC
will grant an exclusive license to ACT to use the GTC Patent Rights and GTC
Technology in the ACT Field (as such terms are defined below).

     D. The sublicense of ACT's rights under the UMASS Patent Rights (as defined
below) to GTC under this Agreement shall be subject to the relevant terms of the
UMASS License (as defined below).

     THEREFORE, the parties agree as follows:

1.   DEFINITIONS. As used in this Agreement, the following terms shall have the
meanings set forth below.

     1.1 "ACT DEVELOPMENTS" means Developments that are conceived, discovered,
invented, developed, created, made or reduced to practice solely by ACT.

     1.2 "ACT FIELD" means (i) human somatic cell nuclear transfer applications
for therapeutic purposes and (ii) the cloning of animals for agricultural
purposes, for the production

                                       -1-
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of recombinant proteins, peptides and polypeptides for human transplantation,
cells for human transplantation and tissues for human transplantation, but
excluding the GTC Field.

     1.3 "ACT LICENSED PROPERTY" means the ACT Patent Rights and the ACT
Technology provided, however, that ACT Licensed Property shall not include ACT
Patent Rights or ACT Technology (i) acquired after the Effective Date as a
result of or in connection with a merger or acquisition with or by another
entity, or (ii) obtained on terms which prohibit the license contemplated by
Section 3.1.

     1.4 "ACT PATENT RIGHTS" means any and all patents and patent applications
in the GTC Field, including methods of doing business with respect to the GTC
Field, owned or licensed by ACT in which ACT has a licensable interest and which
exist as of the Effective Date or which come into existence during the term of
this Agreement, together with reissues, extensions (or other governmental acts
which effectively extend the period of exclusivity by the patent holder),
substitutions, confirmations, registrations, revalidations, additions,
continuations, continuations-in-part, divisions, or foreign counterparts of or
to the foregoing patent rights. ACT Patent Rights include, without limitation,
the patents and patent applications listed on SCHEDULE A-1 attached to this
Agreement, which schedule will be revised from time to time after the Effective
Date to reflect changes thereto.

     1.5 "ACT PRODUCT" means any product that cannot be developed, manufactured,
used, or sold without (i) infringing one or more claims under the ACT Patent
Rights, or (ii) using or incorporating some portion of the ACT Licensed
Property.

     1.6 "ACT SERVICE" means any service that cannot be developed or performed
without using at least one process that (i) infringes one or more claims under
the ACT Patent Rights, or (ii) uses some portion of the ACT Licensed Property.

     1.7 "ACT TEAM" means a team of at least two individuals supplied by ACT to
supply expertise in the areas of [*****].

     1.8 "ACT TECHNOLOGY" means the following which are owned or controlled by
ACT during the term of this Agreement which are useful, necessary or required to
clone animals for the production of biopharmaceutical agents in milk:
confidential information, knowledge and data, including but not limited to,
inventions (whether patentable or not), trade secrets, ideas, designs, drawings,
know-how, processes, techniques and like technological information in the GTC
Field. Additionally, ACT Technology shall include any process described within
the ACT Patent Rights.

     1.9 "AFFILIATE" means any corporation, company, partnership, joint venture
and/or firm which controls, is controlled by or is under common control with a
party. For purposes of this definition, "control" means (a) in the case of
corporate entities, direct or indirect ownership

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***** Confidential Treatments has been requested for the marked portion.

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of more than fifty percent (50%) of the stock or shares entitled 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
interest with the power to direct the management and policies of such
noncorporate entities.

     1.10 "CONFIDENTIAL INFORMATION" includes, without limitation, any
scientific, technical, trade or business information disclosed by one party to
the other, or by GTC to the University, whether directly or through ACT, which
is specifically designated by the disclosing party as confidential or
proprietary. "Confidential Information" does not include information which (a)
was known to the receiving party at the time it was disclosed, other than by
previous disclosure by the disclosing party, as evidenced by written records at
the time of disclosure; (b) is at the time of disclosure or later becomes
publicly known other than through a breach of this Agreement; (c) is lawfully
and in good faith made available to the receiving party by a third party who, to
the receiving party's knowledge after inquiry, did not derive it from the
disclosing party and who imposed no obligation of confidence on the receiving
party; or (d) is developed by the receiving party independent of any disclosure
by the disclosing party.

     1.11 "DEVELOPMENT AGREEMENT" means the Development and Commercialization
Agreement between GTC and ACT dated September 25, 1997, together with any
amendments thereto as of the Effective Date.

     1.12 "DEVELOPMENTS" include, without limitation, discoveries, business
methods, inventions, developments, patents and patent rights, know-how, trade
secrets, techniques, methodologies, modifications, innovations, improvements,
writings, documentation, data and rights (whether or not protectible under
state, federal, or foreign patent, trademark, copyright or similar laws) that
were or are conceived, discovered, invented, developed, created, made or reduced
to practice by ACT or GTC, as applicable, in the performance of the Development
Agreement or during the term of this Agreement.

     1.13 "FDA" means the United States Food and Drug Administration.

     1.14 "GTC DEVELOPMENTS" means Developments that are conceived, discovered,
invented, developed, created, made or reduced to practice solely by GTC.

     1.15 "GTC FIELD" means the cloning of animals for all purposes related to
the production of biopharmaceutical agents in milk, including, but not limited
to, proteins, peptides and polypeptides for pharmaceutical, nutraceutical or
other use.

     1.16 "GTC LICENSED PROPERTY" means all GTC Patent Rights and GTC
Technology, provided, however, that GTC Licensed Property shall not include GTC
Patent Rights or GTC Technology (i) acquired as a result of or in connection
with a merger or acquisition with or by another entity, or (ii) obtained on
terms which prohibit the license contemplated by Section 3.2.

     1.17 "GTC PATENT RIGHTS" means any and all patents and patent applications
in the field of cloning technology, including methods of doing business with
respect to cloning technology, owned or licensed by GTC in which GTC has a
licensable interest and which exist as of the Effective Date or which come into
existence during the term of this Agreement, together with reissues, extensions
(or other governmental acts which effectively extend the

                                       -3-
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period of exclusivity by the patent holder), substitutions, confirmations,
registrations, revalidations, additions, continuations, continuations-in-part,
divisions, or foreign counterparts of or to the foregoing patent rights. GTC
Patent Rights include, without limitation, the patents and patent applications
to be listed on SCHEDULE A-2 to be attached to this Agreement, which schedule
will thereafter be revised from time to time to reflect changes thereto.

     1.18 "GTC PRODUCT" means any product that cannot be developed,
manufactured, used, or sold without (i) infringing one or more claims under the
GTC Patent Rights, or (ii) using or incorporating some portion of the GTC
Licensed Property.

     1.19 "GTC SERVICE" means any service that cannot be developed or performed
without using at least one process that (i) infringes one or more claims under
the GTC Patent Rights, or (ii) uses some portion of the GTC Licensed Property.

     1.20 "GTC TEAM" means a team of two individuals supplied by GTC to supply
expertise in transgenic expression of hSA in the milk of cattle.

     1.21 "GTC TECHNOLOGY" means the following which are owned or controlled by
GTC during the term of this Agreement in the field of cloning technology:
confidential information, knowledge and data, including but not limited to,
inventions (whether patentable or not), trade secrets, ideas, designs, drawings,
know-how, processes, techniques and like technological information.
Additionally, GTC Technology shall include any process described within the GTC
Patent Rights.

     1.22 "hSA COWS" means cows (including, without limitation, transgenic eggs,
semen, and embryos and progeny thereof) that are produced under the hSA Program
(a) with or by use of the ACT Patent Rights or ACT Technology, (b) are
transfected with GTC's recombinant [*****], (c) contain the hSA transgene and
express hSA in their milk as set forth in the hSA Program Summary attached as
SCHEDULE B, and (d) are used for the sole purpose of transgenic production of
the Milk Products.

     1.23 "hSA PROGRAM" means the production, through application of the ACT
Technology, of hSA Cows which contain the hSA transgene and express hSA in their
milk, as set forth in the hSA Program Summary attached as SCHEDULE B.

     1.24 "hSA PROGRAM SUMMARY" means the program summary attached to this
Agreement as SCHEDULE B.

     1.25 "JOINT DEVELOPMENTS" means all Developments conceived, discovered,
invented, developed, created, made or reduced to practice jointly by both
parties in the ACT Field or GTC Field.

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     1.26 "JOINT PATENT RIGHTS" means any and all patents and patent
applications covering Joint Developments which exist as of the Effective Date or
which come into existence during the term of this Agreement, together with
reissues, extensions (or other governmental acts which effectively extend the
period of exclusivity by the patent holder), substitutions, confirmations,
registrations, revalidations, additions, continuations, continuations-in-part,
divisions, or foreign counterparts of or to the foregoing patent rights. Joint
Patent Rights include, without limitation, the patents and patent applications
to be listed on SCHEDULE A-3 to be attached to this Agreement, which schedule
will thereafter be revised from time to time to reflect changes thereto.

     1.27 "MILK PRODUCTS" means the milk of the hSA Cows and the hSA expressed
in such milk.

     1.28 "NAMED COMPETITORS" means Pharming, B.V., PPL Therapeutics, Inc.,
Roslin Bio-Med, Infigen, Inc., and Nexia Biotechnologies, Inc., and their
respective successors, assigns, subsidiaries and affiliates.

     1.29 "NET SALES" means the total invoice price charged on all sales (i) by
ACT of GTC Products and/or Services, or (ii) by GTC of ACT Products and/or
Services, as applicable, in any country after deducting, to the extent not
already deducted, normal and customary trade, dealer, quantity, and cash
discounts actually allowed; allowances for credits granted on account of
rejections, returns, or price reductions; governmental sales taxes and other
charges imposed on such sales; and freight, insurance, customs, duties, and
other landing charges. In the event any product is sold as a component of a
combination of functional elements, net sales price for purposes of determining
royalty payments on such combination shall be calculated by multiplying the
average per unit net sales price of the product portion of the combination when
sold separately in the applicable country during the accounting period in which
the sale was made by the number of units of product sold as part of such
combination product. In addition, Net Sales of a party shall include the amount
of any milestone payment received based on the performance of such party in
connection with the development (i) of GTC Products and/or Services by ACT or
(ii) of ACT Products and/or Services by GTC, as applicable.

     1.30 "NUTRACEUTICAL" means any food or other preparation intended for oral
consumption by humans whose primary function, when taken into the human body,
(a) serves to nourish or build up tissues or supply energy and/or (b) maintains,
restores or supports adequate nutritional status or nutritional metabolic
function.

     1.31 "UMASS LICENSE" means the Exclusive License Agreement between ACT and
the University dated April 16, 1996, together with any amendments thereto.

     1.32 "UMASS PATENT RIGHTS" means ACT Patent Rights licensed by ACT from the
University under the UMASS License.

2.   THE DEVELOPMENT AGREEMENT.

     2.1  SUPERSESSION. The Development Agreement is hereby terminated by mutual
agreement and all of its provisions are superseded in their entirety.

                                       -5-
<Page>

     2.2  MUTUAL RELEASE. GTC and ACT each release each other and all of each
other's officers, directors, agents and employees from any and all claims,
demands, actions, causes of action, suits, covenants, contracts or agreements,
including without limitation GTC's claim(s) of Performance Failures by ACT under
the Development Agreement, and any and all expenses, costs, losses or damages
which either GTC or ACT now has or at any time has had against the other based
on or arising out of any provisions of the Development Agreement that are
terminated hereby.

3.   GRANT OF RIGHTS.

     3.1  GRANTS FROM ACT TO GTC.

          (a) LICENSE GRANT. Subject to the terms of this Agreement, ACT hereby
grants to GTC an exclusive, royalty-bearing, worldwide license, with the limited
right to sublicense, under its commercial rights in the ACT Licensed Property
and in the Joint Patent Rights to develop, make, have made, import, use, and
sell ACT Products in the GTC Field and to develop and perform ACT Services in
the GTC Field. To the extent this grant includes a sublicense of any UMASS
Patent Rights, such sublicense is subject to the relevant terms of the UMASS
License as it may be amended from time to time, provided that in the event of
any inconsistency between the UMASS License and Section 3.1(e) hereof, Section
3.1(e) hereof shall govern.

          (b) SUBLICENSES. The parties acknowledge that it may be mutually
advantageous for GTC to sublicense the ACT Licensed Property to third parties,
including without limitation the Named Competitors. GTC shall have the right to
grant sublicenses of its rights under Section 3.1(a) subject to the limitations
set forth in this Section 3.1(b).

              i. Any sublicenses by GTC of the UMASS Patent Rights may not
transfer the right to grant further sublicenses and shall be subject to the
consent of the University, which consent will be granted at the sole discretion
of the University, provided that such consent shall not be unreasonably withheld
or delayed in the following circumstances:

                 (1) Consent to sublicense will not be unreasonably withheld or
delayed by the University where GTC has determined that defending its right to
practice under the UMASS Patent Rights is not commercially prudent, and it is
therefore commercially necessary for GTC to grant a sublicense in exchange for
rights to third party technology to enable GTC to practice the UMASS Patent
Rights.

                 (2) Consent to sublicense will not be unreasonably withheld or
delayed by the University where it is commercially necessary for GTC to grant a
sublicense to enable GTC's customers to maintain adequate production of products
within the GTC Field; provided that reasonable efforts are first used to avoid
sublicensing the right to practice the UMASS Patent Rights. If it has been
determined that sublicensing is commercially necessary, GTC shall limit the
scope of any such sublicensing to the delivery to such customers of transgenic
animals for use in the production of GTC Products and any sublicensing of the
right to practice nuclear transfer technology would occur only after all other
reasonable alternatives have been exhausted, e.g., supplying transgenic animals,
embryos, or cell lines.

                                       -6-
<Page>

                 (3) Consent to sublicense will not be unreasonably withheld or
delayed by the University where GTC proposes to grant a sublicense for research
purposes only.

              ii.  Any sublicenses by GTC to third parties who will have the
right to grant further sublicenses, any sublicenses by GTC of ACT Technology,
and any sublicenses by GTC to the Named Competitors shall also be subject to
ACT's consent, which consent shall not be unreasonably withheld or delayed,
provided that if GTC engages in sublicense discussions with the Named
Competitors, GTC agrees to consult with ACT, to permit ACT to participate in
such discussions, and to permit ACT to review copies of the proposed sublicense
agreements. For purposes of the preceding sentence, ACT's consent may be
reasonably withheld only if it can show that the proposed sublicense would be
materially adverse to its business interests.

              iii. Any sublicenses by GTC of ACT Patent Rights only to third
parties other than the Named Competitors whose rights under the ACT Licensed
Property are limited to their own research and commercial activities and who
will have no right to grant further sublicenses ("End Users") are expressly
permitted hereunder and shall not require the consent of ACT.

              iv.  GTC shall promptly furnish ACT with a fully executed copy of
all sublicense agreements of GTC (other than sublicense agreements to End Users)
and shall promptly furnish the University with a fully executed copy of all
sublicense agreements of GTC involving the UMASS Patent Rights, all of which
shall be deemed Confidential Information subject to the provisions of Section
10.

              v.   All sublicense agreements executed by GTC pursuant to this
Section 3.1(b) shall expressly bind the sublicensee to Sections 3.1(c), 9 (to
the extent applicable), 10, 12, and 14 of this Agreement and shall provide for
the automatic assignment of the relevant provisions of such agreements to ACT if
this Agreement is terminated as described in Section 7.2 below.

          (c) RETAINED RIGHTS. To the extent the University, the federal
government or any other parties have rights in the ACT Licensed Property
pursuant to Article 2 of the UMASS License, the license granted hereunder is
subject to such rights.

          (d) NUTRACEUTICALS. The licenses granted in Section 3.1(a) shall be
co-exclusive with ACT for ACT Products consisting of or incorporating
Nutraceuticals, PROVIDED, HOWEVER, that GTC shall have a right of first refusal
with respect to any license or any other collaboration or partnering agreement
that ACT intends to enter into with any other party in the GTC Field for
products consisting of or incorporating Nutraceuticals. ACT shall give GTC prior
written notice providing full particulars of any such proposed transaction, and
GTC shall have a period of thirty (30) days to notify ACT in writing of its
willingness to enter into such transaction on substantially the terms proposed.
If, by the end of such thirty (30)-day period GTC has not so notified ACT, ACT
shall be free to enter into such transaction, but only on substantially the same
terms offered to GTC in writing.

          (e) THE UMASS LICENSE. GTC acknowledges that a portion of the ACT
Patent Rights licensed to GTC hereunder are owned by the University and are
licensed to ACT

                                       -7-
<Page>

under the UMASS License. ACT and the University represent and warrant to GTC and
GTC agrees that, in the event the UMASS License is terminated for any reason
pursuant to the provisions of the UMASS License, (i) any sublicenses granted by
GTC hereunder with respect to any UMASS Patent Rights shall remain in effect in
accordance with their terms, (ii) GTC will thereafter make any payments due to
ACT with respect to such sublicenses directly to the University, and (iii)
promptly following such termination, GTC and the University will enter into a
direct license agreement reflecting the applicable terms of this Agreement and
the UMASS License. ACT acknowledges that any payments so made by GTC to the
University shall be credited against any payments due and payable to ACT
hereunder. For the avoidance of doubt, ACT and the University agree that the
references to "Sublicensees" in Section 8.5 of the UMASS License shall not apply
to GTC and shall not be construed as vitiating clause (i) of this Section
3.1(e). ACT and the University agree that the provisions of Section 2.2 of the
UMASS Agreement providing for the automatic assignment to the University of
sublicenses granted by ACT under said Section 2.2 shall not apply to the
sublicense by ACT to GTC under this Agreement, and that the provisions of this
Section 3.1(e) shall govern in the event that the UMASS License is terminated.
ACT and the University agree that GTC will not be bound by any amendment to the
UMASS License that affects GTC's rights under this Agreement in any material
respect, unless GTC agrees in writing to such amendment.

     3.2  GRANTS FROM GTC TO ACT.

          (a) LICENSE GRANT. Subject to the terms of this Agreement, GTC hereby
grants to ACT an exclusive, royalty-bearing, worldwide license in the ACT Field,
with the limited right to sublicense, under its commercial rights in the GTC
Licensed Property and in the Joint Patent Rights, to develop, make, have made,
import, use, and sell GTC Products in the ACT Field and to develop and perform
GTC Services in the ACT Field.

          (b) SUBLICENSES. The parties acknowledge that it may be mutually
advantageous for ACT to sublicense the GTC Licensed Property to the Named
Competitors. ACT shall have the right to grant sublicenses of its rights under
Section 3.2(a) subject to the limitations set forth in this Section 3.2(b).

              i.   Any sublicenses by ACT to third parties who will have the
right to grant further sublicenses, any sublicenses by ACT of GTC Technology,
and any sublicenses by ACT to the Named Competitors shall be subject to GTC's
consent, which consent shall not be unreasonably withheld or delayed, PROVIDED
THAT if ACT engages in sublicense discussions with the Named Competitors, ACT
agrees to consult with GTC and permit GTC to participate in such discussions.

              ii.  Any sublicenses by ACT of GTC Patent Rights only to third
parties other than the Named Competitors whose rights under the GTC Licensed
Property are limited to their own research and commercial activities and who
will have no right to grant further sublicenses ("End Users") are expressly
permitted hereunder and shall not require the consent of GTC.

                                       -8-
<Page>

              iii. ACT shall promptly furnish GTC with a fully executed copy of
all sublicense agreements of ACT (other than sublicense agreements to End
Users), which shall be deemed Confidential Information subject to the provisions
of Section 10.

              iv.  All sublicense agreements executed by ACT pursuant to this
Section 3.2(b) shall expressly bind the sublicensee to Sections 9 (to the extent
applicable), 10, 12, and 14 of this Agreement and shall provide for the
automatic assignment of the relevant provisions of such agreements to GTC if
this Agreement is terminated as described in Section 7.2 below.

4.   OBLIGATIONS RELATING TO COMMERCIALIZATION.

     4.1  GTC DILIGENCE REQUIREMENTS. GTC shall use diligent efforts, or shall
cause its sublicensees to use diligent efforts, to develop ACT Products or ACT
Services and to introduce ACT Products or ACT Services into the commercial
market; thereafter, GTC or its sublicensees shall make ACT Products or ACT
Services reasonably available to the public.

     4.2  ACT DILIGENCE REQUIREMENTS. ACT shall use diligent efforts, or shall
cause its sublicensees to use diligent efforts, to develop GTC Products or GTC
Services and to introduce GTC Products or GTC Services into the commercial
market; thereafter, ACT or its sublicensees shall make GTC Products or GTC
Services reasonably available to the public.

     4.3  SUMMARY REPORTS.

          (a) REPORTS BY GTC. GTC shall maintain complete and accurate records
of ACT Products and ACT Services that are made, used, sold or performed by GTC
under this Agreement. Not later than May 1st of each year following the
Effective Date, GTC shall furnish ACT and the University with an executive
summary report on the progress of its efforts during the prior year to develop
and commercialize ACT Products or ACT Services, including without limitation
research and development efforts, efforts to obtain regulatory approval,
marketing efforts (including ACT Products and ACT Services made, used, sold or
performed) and sales figures, provided that such reports shall be deemed
Confidential Information subject to the provisions of Section 10 of this
Agreement.

          (b) REPORTS BY ACT. ACT shall maintain complete and accurate records
of GTC Products and GTC Services that are made, used, sold or performed by ACT
under this Agreement. Not later than May 1st of each year following the
Effective Date, ACT shall furnish GTC with an executive summary report on the
progress of its efforts during the prior year to develop and commercialize GTC
Products or GTC Services, including without limitation research and development
efforts, efforts to obtain regulatory approval, marketing efforts (including GTC
Products and GTC Services made, used, sold or performed) and sales figures,
provided that such reports shall be deemed Confidential Information subject to
the provisions of Section 10 of this Agreement.

5.   DEVELOPMENTS.

     5.1  GTC DEVELOPMENTS. GTC agrees, on a periodic basis (not less than
semiannually), to provide to ACT and the University a written report of all GTC
Developments,

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provided that such reports shall be deemed Confidential Information subject
to the provisions of Section 10 of this Agreement, and all such Developments,
whether or not patentable, relevant to the ACT Field, are and shall be
considered GTC Licensed Property and automatically licensed to ACT pursuant to
Section 3.2.

     5.2  ACT DEVELOPMENTS. ACT agrees, on a periodic basis (not less than
semiannually), to provide to GTC a written report of all ACT Developments,
provided that such reports shall be deemed Confidential Information subject to
the provisions of Section 10 of this Agreement, and all such Developments,
whether or not patentable, relevant to the GTC Field, are and shall be
considered ACT Licensed Property and automatically licensed to GTC pursuant to
Section 3.1.

     5.3  TECHNICAL ASSISTANCE. Each party shall make reasonably available to
the other party, upon request, qualified technical personnel of such party for
the purpose of providing technical assistance to facilitate the transfer to the
other party of technology licensed to the other party hereunder, the reasonable
PER DIEM charges and expenses of which shall be borne by the party requiring
such assistance.

6.   CLONING PROGRAMS.

     6.1  hSA PROGRAM. ACT agrees to use commercially reasonable efforts to
produce, [*****].

     6.2  NEW CLONING PROGRAMS OR OTHER SERVICES. In the event GTC wishes ACT to
engage in a new cloning program or to perform other services for GTC, the
parties will negotiate a written, mutually agreed upon budgeted level of effort,
including any compensation to be paid by GTC to ACT, and any other relevant
terms and conditions for any such cloning program or other services.

     6.3  RESPONSIBILITIES OF ACT FOR THE hSA PROGRAM.

          (a) CONDUCT OF THE hSA PROGRAM. The ACT Team (and any other necessary
and qualified technical and managerial staff) and the GTC Team shall collaborate
as set forth in Schedule B to ensure the transfection of [*****].

          (b) PROVISION OF FACILITIES. ACT shall, through its subcontractor
Trans Ova or such other subcontractor as is mutually agreed upon by the parties,
provide all facilities and equipment acceptable to GTC which are necessary for
the conduct of the hSA Program, including space, housing and utilities services
necessary to maintain [*****] and livestock. All bovine stock for the hSA
Program will be housed at a facility controlled by ACT's subcontractor, Trans
Ova or such other subcontractor as is mutually agreed upon by the parties until
such stock is determined to have the capability to express the hSA protein in
milk or such stock reaches the age of six (6) months, whichever is earlier. Upon
determination that such stock has expressed the hSA protein in milk pursuant to
SCHEDULE B or such stock reaches the

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age of six (6) months, whichever is earlier. Upon determination that such stock
has expressed the hSA protein in milk pursuant to SCHEDULE B or such stock
reaches the age of six (6) months, whichever is earlier, all such bovine stock
for the hSA Program will be housed at a facility identified by GTC, and GTC
shall then be responsible for the conduct of the hSA Program with respect to
such stock, including space, housing and utilities services necessary to
maintain [*****] and livestock. The foregoing notwithstanding, in the case of
stock which has not expressed the hSA protein at the age of six (6) months, GTC
may instruct ACT to destroy the stock in lieu of assuming responsibility for
such stock.

          (c) SOURCES OF CATTLE. ACT shall provide heifers selected in
accordance with good agricultural practice ("GAP") criteria mutually agreed upon
by ACT and GTC as necessary to conduct the hSA Program. All hSA Cows used and/or
produced by ACT under this Agreement shall be free from bovine spongiform
encephalopathy and/or other infectious agents reasonably identified as
detrimental to the commercialization of Milk Products. If, at any time during
the term of this Agreement, ACT and/or GTC have any reason to believe (or have
any reason to conclude that a governmental regulatory authority believes) that
bovine spongiform encephalopathy and/or such other infectious agents have or may
be detected in cattle in the United States, ACT will promptly institute
procedures mutually agreed upon by the parties to ensure the health of the hSA
Cows used and/or produced by ACT under this Agreement.

          (d) [*****]

          (e) CARE OF ANIMALS. ACT, through its subcontractor Trans Ova or such
other subcontractor as is mutually agreed upon by the parties, shall have sole
responsibility for the care and maintenance (including all required feed and
veterinary care) of all bovine stock used and generated during the hSA Program,
as defined in the hSA Program Summary, PROVIDED, HOWEVER, that upon
determination that such stock has expressed the hSA protein in milk pursuant to
SCHEDULE B or such stock reaches the age of six (6) months, whichever is
earlier, all such bovine stock for the hSA Program will be housed at a facility
identified by GTC and GTC shall then be responsible for the conduct of the hSA
Program with respect to such stock, including space, housing and utilities
services necessary to maintain [*****] and livestock. The foregoing
notwithstanding, in the case of stock which has not expressed the hSA protein at
the age of six (6) months, GTC may instruct ACT to destroy the stock in lieu of
assuming responsibility for such stock.

          (f) ANIMAL WELFARE REGULATIONS. The hSA Program shall undergo
applicable animal welfare and animal research committee review and approval by
GTC and ACT in accordance with applicable legal and regulatory standards.

          (g) COMPLIANCE WITH OTHER REGULATIONS. ACT and GTC shall mutually
conduct and manage all aspects of the hSA Project in full compliance with USDA,
FDA and other regulatory requirements for the production of clinical-grade
proteins/products in the milk

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of transgenic animals. Each party shall have the ongoing right to audit the
other party's compliance with this Section and other Sections of the Agreement
to ensure such compliance.

     6.4  RESPONSIBILITIES OF GTC FOR THE hSA PROGRAM.

          (a) THE hSA PROGRAM. The GTC Team shall consult with the ACT Team
regarding the transfection of [*****] into [*****] and the selection of [*****].

          (b) [*******]. The GTC Team shall assist the ACT Team by providing all
necessary [******] jointly deemed necessary by the parties for use in the hSA
Program, including, without limitation, the [*****] and/or other suitable
selectable markers.

          (c) IDENTIFICATION OF TRANSGENIC LINES AND ANIMALS. GTC shall provide
all materials and resources necessary for the identification and evaluation of
[*****]. Such materials shall include, without limitation, DNA probes and
polymerase chain reaction ("PCR") primers.

          (d) OTHER EXPERTISE. The GTC Team shall provide additional expertise,
as reasonably necessary, during the course of the hSA Program, including,
without limitation, lactation induction and pharmaceutical protein purification,
characterization and regulatory advice.

          (e) CHARACTERIZATION OF hSA COWS. Following the birth of cows
generated during the hSA Program, GTC shall characterize individual animals
derived from specific recombinant cell lines and elect whether to expand the hSA
Cows from select cell lines. Characterization shall be comprised of genotyping,
animal health and measurement of the levels of hSA in the induced and/or natural
lactation of such hSA Cows.

7.   TERM AND TERMINATION.

     7.1  GENERAL. The licenses granted by ACT to GTC under Section 3.1(a) will
commence on the Effective Date and, unless sooner terminated as provided herein,
continue until the expiration of all ACT Patent Rights, whereupon the license
hereunder to GTC shall become paid-up and royalty free. The licenses granted by
GTC to ACT under Section 3.2(a) will commence on the Effective Date and, unless
sooner terminated as provided herein, continue until the expiration of all GTC
Patent Rights, whereupon the license hereunder to ACT shall become paid-up and
royalty free. This Agreement will commence on the Effective Date and, unless
sooner terminated as provided herein, continue until the expiration of all ACT
Patent Rights and GTC Patent Rights.

     7.2  TERMINATION FOR CAUSE. This Agreement may be terminated by either
party for breach by the other party of any material obligation arising
hereunder, by giving thirty (30) days

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prior written notice to the other party specifying the cause of the termination;
provided, however, that if the breach is cured within the thirty (30) day
period, the notice shall be withdrawn and shall be of no effect.

     7.3  SURVIVAL OF OBLIGATIONS; RETURN OF CONFIDENTIAL INFORMATION.
Notwithstanding any termination of this Agreement, the obligations of the
parties under Section 10, as well as under any other provisions which by their
nature are intended to survive any such termination, shall survive and continue
in force. Upon any termination of this Agreement, each party shall promptly
return to the other party all written Confidential Information, and all copies
thereof, to the other party.

     7.4  SUBLICENSES.

          (a) GTC's SUBLICENSES. Upon termination of this Agreement, the
relevant provisions of any existing sublicenses of GTC shall be automatically
assigned to ACT, and ACT shall be bound by the terms of such sublicenses,
provided that the sublicensees continue to perform in accordance with their
respective sublicense agreements. Notwithstanding the foregoing, ACT's
obligations to any such sublicensee shall not be interpreted to extend beyond
any of its obligations to GTC hereunder with respect to the subject matter of
the sublicense.

          (b) ACT's SUBLICENSES. Upon termination of this Agreement, the
relevant provisions of any existing sublicenses of ACT shall be automatically
assigned to GTC, and GTC shall be bound by the terms of such sublicenses,
provided that the sublicensees continue to perform in accordance with their
respective sublicense agreements. Notwithstanding the foregoing, GTC's
obligations to any such sublicensee shall not be interpreted to extend beyond
any of its obligations to ACT hereunder with respect to the subject matter of
the sublicense.

8.   PAYMENTS.

     8.1  INITIAL PAYMENT. On the Effective Date, GTC will pay ACT the sum of
$1,000,000, $750,000 of which shall be in consideration of the license
granted to GTC from ACT in Section 3.1(a) of this Agreement, and $250,000 of
which shall be an advance payment which shall be fully creditable against ACT
services for which the parties have separately contracted, milestone payments
(including those listed in Section 8.3 below), royalties, sublicense revenues
or other payments payable or to become payable to ACT from GTC under this
Agreement or under any other agreement between the parties.

     8.2  SHARES OF GTC.

          (a) AUTHORIZATION OF ISSUANCE OF THE SHARES. As additional
consideration for the license granted to GTC from ACT in Section 3.1(a) of this
Agreement, GTC will issue to (x) ACT that number of shares of the Common Stock
of GTC, par value $0.01 per share ("ACT's Shares"), equal to the quotient
obtained by dividing (i) $[*****] by (ii) the average of the closing price of
the Common Stock of GTC on the NASDAQ National Market (or on a principal
national securities exchange on which the Common Stock is listed or admitted to
trading) for the five (5) trading days ending on the day prior to the Effective
Date of this Agreement and (y) the University that number of shares of the
Common Stock of GTC, par value $0.01 per share (the "University's Shares," and
together with ACT's Shares, the "Shares"), equal

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to the quotient obtained by dividing (i) $[*****] by (ii) the average of the
closing price of the Common Stock of GTC on the NASDAQ National Market (or on a
principal national securities exchange on which the Common Stock is listed or
admitted to trading) for the five (5) trading days ending on the day prior to
the Effective Date of this Agreement.

          (b) ISSUANCE OF THE SHARES AND DELIVERY OF CERTIFICATES. Within five
(5) days after the Effective Date, GTC shall (i) issue the Shares in
consideration of the agreements of ACT and the University contained herein and
for no further consideration, (ii) deliver to ACT one or more stock certificates
representing ACT's Shares, such stock certificates to be registered in the name
of ACT or in such nominee name(s) as designated by ACT, and (iii) deliver to the
University one or more stock certificates representing the University's Shares,
such stock certificates to be registered in the name of the University or in
such nominee name(s) as designated by the University.

          (c) INVESTMENT REPRESENTATIONS. ACT and the University represent and
warrant to, and covenant with, GTC that:

              i.   ACT and the University are knowledgeable, sophisticated and
experienced in making, and are qualified to make, decisions with respect to
investments in shares presenting an investment decision like that involved in
the acquisition of the Shares, including investments in securities issued by
companies comparable to GTC, and have requested, received, reviewed and
considered all information they deem relevant in making an informed decision to
acquire the applicable Shares.

              ii.  ACT and the University are acquiring the applicable Shares in
the ordinary course of their businesses and for their own account for investment
only and with no present intention of distributing any of such Shares or any
arrangement or understanding with any other persons regarding the distribution
of such Shares.

              iii. ACT and the University understand that the Shares are
"restricted securities" under the federal securities laws inasmuch as they are
being acquired from GTC in a transaction not involving a public offering and
that under such laws and applicable regulations such securities may be resold
without registration under the Securities Act only in certain limited
circumstances. In this connection, ACT and the University represent that they
are familiar with SEC Rule 144, as presently in effect, and understand the
resale limitations imposed thereby and by the Securities Act.

              iv.  ACT and the University will not, directly or indirectly,
offer, sell, pledge, transfer or otherwise dispose of (or solicit any offers to
buy, purchase or otherwise acquire or take a pledge of) any of the Shares except
in compliance with the Securities Act, and the rules and regulations promulgated
thereunder.

              v.   ACT and the University each qualifies as an "accredited
investor" within the meaning of Rule 501(a)(3) of Regulation D promulgated under
the Securities Act and is a resident of the United States of America.

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              vi.  It is understood that the certificates evidencing the Shares
shall bear the following legend unless and until the resale of the Shares
pursuant to an effective Registration Statement or until the Shares may be sold
under Rule 144 without restrictions:

     THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.
     THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
     ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE
     SECURITIES UNDER SUCH ACT OR, IF REQUESTED BY GTC, AN OPINION OF COUNSEL
     REASONABLY SATISFACTORY TO GTC AND ITS COUNSEL, THAT SUCH REGISTRATION IS
     NOT REQUIRED UNDER SUCH ACT.

          (d) RESTRICTION ON SALE OF SHARES. The Shares shall be "restricted
securities" and not eligible for resale under Rule 144 or otherwise until twelve
(12) months from the date of issuance, provided that thereafter one-twelfth
(1/12) of the Shares shall become saleable each month, and further provided that
ACT and the University agree to sell no more than 5,000 Shares in the aggregate
in any day.

     8.3  hSA MILESTONE PAYMENTS. GTC will pay to ACT the sum of [*****]. The
payments made under this Section 8.3 will represent full compensation for
activities conducted by ACT on the hSA Program through the date of completion of
the milestone.

     8.4  ROYALTIES, REPORTS AND RECORDS.

          (a) GTC ROYALTY OBLIGATIONS.

              i.   NET SALES OF hSA. GTC agrees to pay ACT, [*****] royalty of
[*****] percent ([*****]%) of Net Sales by GTC of ACT Products consisting of hSA
produced in the milk of hSA Cows, PROVIDED, HOWEVER, that in the event Net Sales
of ACT Products consisting of hSA produced in the milk of hSA Cows exceed
[*****], the royalty will thereafter be [*****]% of such Net Sales.

              ii.  NET SALES OF OTHER PRODUCTS. GTC agrees to pay ACT, on a
[*****], a royalty of [*****] percent ([*****]%) of the Net Sales by GTC of ACT
Products consisting of proteins (other than hSA) produced in the milk of
transgenic animals and ACT Services relating to such ACT Products, PROVIDED,
HOWEVER, that in the event Net Sales of ACT Products consisting of proteins
(other than hSA) produced in the milk of transgenic animals and ACT Services
relating to such Products exceed[*****], the royalty will thereafter be [*****]%
of such Net Sales.

          (b) ACT ROYALTY OBLIGATIONS. ACT will pay to GTC a royalty in the
amount of [*****] percent ([*****]%) of Net Sales by ACT of any GTC Products or
Services, PROVIDED,

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HOWEVER, that in the event Net Sales of any GTC Products or Services exceed
[*****], the royalty will thereafter be [*****}% of such Net Sales.

     8.5  SUBLICENSE REVENUES.

          (a) GTC agrees to pay ACT [*****] ([*****]%) of any and all license
fees and up-front fees (whether paid in cash, equity of the sublicensee or other
consideration), royalties, milestone payments based on the sublicensee's
performance, and premiums over market value paid to GTC for equity investments
in GTC by the sublicensee, received in consideration of the grant of sublicenses
of the ACT Patent Rights or ACT Technology, however such sublicenses may be
characterized, but excluding payments for services of GTC, milestone payments
based on performance by GTC, or equity investments in GTC at market value ("GTC
Sublicense Revenues"). For the avoidance of doubt, no GTC Sublicense Revenues
shall be deemed received by GTC in connection with the sublicensing of the ACT
Patent Rights or ACT Technology to a third party in exchange for a license under
such third party's technology which is necessary for the manufacture or sale of
ACT Products or ACT Services, provided that no additional consideration (other
than the license under such third party's technology) is paid by such third
party for such sublicense.

          (b) ACT agrees to pay GTC [*****] percent ([*****]%) of any and all
license fees or up-front fees (whether paid in cash, equity of the sublicensee
or other consideration), milestone payments based on the sublicensee's
performance, royalties or premiums over market value paid to ACT for equity
investments in ACT by the sublicensee, received in consideration of the grant of
sublicenses of GTC Patent Rights or GTC Technology, however such sublicenses may
be characterized, but excluding payments for services of ACT, milestone payments
based on performance by ACT, or equity investments in ACT at market value ("ACT
Sublicense Revenues"). For the avoidance of doubt, no ACT Sublicense Revenues
shall be deemed received by ACT in connection with the sublicensing of the GTC
Patent Rights or GTC Technology to a third party in exchange for a license under
such third party's technology which is necessary for the manufacture or sale of
GTC Products or GTC Services, provided that no additional consideration (other
than the license under such third party's technology) is paid by such third
party for such sublicense.

     8.6  MINIMUM ANNUAL PAYMENTS.

          (a) Effective January 5, 2000, GTC shall pay to ACT an annual fee of
$[*****] to maintain exclusivity of the license granted under Section 3.1(a)
(the "Exclusivity Fee"). Except as provided below, the Exclusivity Fee shall be
payable in advance on January 5th of each year.

          (b) If, by June 30, 2001, GTC enters into agreements with
third-party(s) to develop two (2) products covered by the ACT Patent Rights
and/or using the ACT Technology

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intended for use as therapeutics, the Exclusivity Fee shall remain at $[*****]
per year; otherwise the Exclusivity Fee shall increase to $[*****] per year
thereafter. In the event of unanticipated technical difficulties, which
technical difficulties are confirmed by ACT, the parties may extend the above
deadline of June 30, 2001 to a date mutually agreed on.

          (c) Provided that the Exclusivity Fee was not already raised to
$[*****] pursuant to Section 8.6(b), then if, by June 30th of every second year
following June 30, 2001 (i.e., June 30, 2003; June 30, 2005; etc.), GTC enters
into agreements with third party(s) to develop two (2) additional products
covered by the ACT Patent Rights and/or using the ACT Technology intended for
use as therapeutics, the Exclusivity Fee shall remain at $[*****] per year;
otherwise the Exclusivity Fee shall increase to $[*****] per year thereafter.

          (d) If the Exclusivity Fee increases to $[*****] in any year pursuant
to Section 8.6(b) or (c) above, such increase shall be applied PRO RATA only for
the remainder of such year (i.e., the Exclusivity Fee due for the remainder of
such year shall be [*****] payable on or about July 1st of such year, and
thereafter the Exclusivity Fee shall be $ [*****] per year, payable on or about
January 5th of each subsequent year).

          (e) The above fees will be creditable by GTC against amounts due or to
become due to ACT thereafter under this Agreement or under any other agreement
between the parties including, but not limited to, fees for ACT services,
sublicense revenue, and royalties.

          (f) GTC may elect to allow the license granted under Section 3.1(a) to
become non-exclusive at any time by electing not to pay the applicable
Exclusivity Fee.

          (g) If at any time the license granted under Section 3.1(a) to GTC
hereunder becomes non-exclusive, (i) the royalties and other fees payable by GTC
to ACT hereunder shall be automatically reduced to the most favorable rates
charged by ACT to its other licensees of such rights, and (ii) the license
granted by GTC to ACT with respect to the GTC Licensed Property under Section
3.2(a) shall be restricted such that ACT shall not be permitted to use or
sublicense the use of the GTC Licensed Property in programs with GTC's
competitors, as determined in GTC's reasonable discretion.

     8.7  PAYMENTS IN U.S. DOLLARS. All payments due under this Agreement shall
be payable in United States dollars. Conversion of foreign currency to U.S.
dollars shall be made at the conversion rate reported in The Wall Street Journal
on the last working day of the calendar quarter to which the payment relates.
Such payments shall be without deduction of exchange, collection, or other
charges.

     8.8  BLOCKED PAYMENTS. If by law, regulation, or fiscal policy of a
particular country, conversion into United States dollars or transfer of funds
of a convertible currency to the United States is restricted or forbidden, the
party having the payment obligation (the "Payor") shall give

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the other party (the "Payee") prompt notice in writing and shall pay the royalty
and other amounts due through such means or methods as are lawful in such
country as Payee may reasonably designate. Failing the designation by Payee of
such lawful means or methods within thirty (30) days after such notice is given
to Payee, Payor shall deposit such royalty payment in local currency to the
credit of Payee in a recognized banking institution selected by Payor and
identified in a written notice to Payee by Payor, and such deposit shall fulfill
all obligations of Payor to Payee with respect to such royalties.

     8.9  AUDIT RIGHTS

          (a) Each party shall submit a report to the other party quarterly
within 45 days after the end of each calendar quarter during the term of this
Agreement stating in each such report the aggregate sales and payments with
respect to ACT Products and Services, or GTC Products and Services, as
applicable, during the preceding calendar quarter and the royalty and sublicense
revenue as provided herein. Such reports shall also include a statement of any
credits claimed (including without limitation any credits under Sections 3.1(e),
8.1, 8.4(a)(ii) and 8.6(e) hereunder) during the preceding calendar quarter. The
payment of royalty and sublicense revenue amounts shall be made concurrently
with such reports.

          (b) Each party shall keep full, complete, true and accurate books of
account containing all particulars relating to the manufacture and sales with
respect to ACT Products and Services, or GTC Products and Services, as
applicable, and any allowed credits, which may be necessary to ascertain and
verify the royalties and sublicense revenue payable to the other party. Said
books and accounts shall be kept at the respective party's principal place of
business.

          (c) At the request of a party or the University, but not more than
once in each calendar year, the other party shall permit an independent
certified public accountant selected by the requesting party (or the
University's internal accountants) to have access, during regular business
hours of the audited party, to such records to determine, for any calendar
quarter commencing not more than three years prior to the date of such
request, the completeness and accuracy of such books and records, and the
accuracy of reports submitted to the other party and/or payments made to the
other party. If any such inspection discloses an error in any royalty or
sublicense revenue payment, the audited party shall pay to the other party,
within thirty (30) days of the discovery of the error, (a) all deficiencies
in royalty or sublicense revenue payments, (b) interest on such deficiencies
from the date such royalty or sublicense revenue payment was due until the
date paid at the rate equal to [*****] percent ([*****]%) per month, and (c)
if such error is in excess of [*****] percent ([*****]%) of any royalty or
sublicense revenue payment, the cost of the audit. In all other cases, the
costs of the audit shall be paid for by the party conducting the audit. All
information disclosed pursuant to an audit shall be deemed Confidential
Information subject to the provisions of Section 10 hereof.

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9.   PROPRIETARY RIGHTS.

     9.1  OWNERSHIP.

          (a) GTC. GTC shall own all hSA Cows, GTC Patent Rights, GTC
Technology, GTC Developments, all proprietary [*****], and [*****] generated
with GTC's [*****]

          (b) ACT. ACT or its licensor(s) shall own the ACT Patent Rights, ACT
Technology, and ACT Developments.

          (c) JOINT DEVELOPMENTS. The parties shall jointly own all Joint
Developments.

     9.2  ACT PATENT RIGHTS.

          (a) RESPONSIBILITY; COSTS. ACT will retain primary responsibility for
filing, prosecution and maintenance of the ACT Patent Rights in all countries
and for all ACT Technology where GTC requests patent protection, using patent
counsel approved by GTC, which approval shall not be unreasonably withheld or
delayed. The costs of such filing, prosecution and maintenance shall be borne by
ACT, except that GTC will reimburse ACT for such costs for any countries where
GTC requests patent protection, but where ACT did not otherwise intend to seek
protection. Except as provided above, ACT and GTC will pay the fees and expenses
of their respective outside patent counsel for the activities described in this
Section 9.2.

          (b) CONSULTATION; ABANDONMENT. GTC's patent counsel shall be given a
reasonable opportunity to comment on all proposed patent filings ("Filings") and
responses ("Responses") to patent office actions or other patent office
communications (collectively, "Office Communications") with respect to ACT
Patent Rights. In the case of Filings, and in the case of Office Communications
to which ACT must respond in a period of time equal to or exceeding sixty (60)
days (including extensions), ACT shall deliver its proposed Filing or Response
to GTC for comment not later than sixty (60) days prior to the final patent
office deadline for such Filing or Response, and ACT will not unreasonably
refuse to accept any suggestions of GTC's patent counsel regarding such Filing
or Response, provided that GTC's patent counsel provides such comments to ACT's
patent counsel not less than thirty (30) days prior to the final patent office
deadline for such Filing or Response. In the case of Office Communications to
which ACT must respond in less than sixty (60) days, which deadline may not be
extended, ACT shall deliver its proposed Response to GTC for comment not later
than ten (10) days after ACT's receipt of such Office Communication, and ACT
will not unreasonably refuse to accept any suggestions of GTC's patent counsel
regarding such Response, provided that GTC's patent counsel provides such
comments to ACT's patent counsel not less than ten (10) days prior to the final
patent office deadline for such Response. To the extent that any such

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patent matter relates solely to the GTC Field and not to the ACT Field, GTC's
patent counsel will have the final right to determine the resolution of the
matter, subject to the right of the University to consultation as provided in
the UMASS License. ACT will not allow any patent or patent application within
the ACT Patent Rights to become expired or abandoned without giving GTC the
right to assume responsibility for such patent or patent application, and if GTC
so elects, ACT will assign such patent or patent application to GTC, and GTC
will thereafter assume control thereof and all expenses related thereto. With
respect to the UMASS Patent Rights, GTC's rights under this subsection 9.2(b)
shall be subject to the rights of the University under Section 6 of the UMASS
License.

          (c) DEFENSE OF ACT PATENT RIGHTS. ACT and GTC will consult with one
another in the event of a third party claim that a patent within the ACT
Patent Rights in the GTC Field is invalid, unenforceable, or non-infringing.
ACT will have the first right to control the defense of such claim at its
expense, but GTC will have the right to share in the control of the defense
by sharing 50% of the costs thereof, but ACT shall have the final decision in
the event of a disagreement regarding the conduct of the defense. If ACT
elects not to defend, GTC may do so at its expense and under its control, but
shall have the right to offset such expenses against royalties otherwise due
to ACT (other than royalties attributable to the UMASS Patent Rights) until
such time as the ACT Patent Rights have been upheld, provided that such
offset shall not exceed [*****]% of such royalties. Notwithstanding the
foregoing, neither party will enter into a settlement that admits the
invalidity, unenforceability, or non-infringement of any ACT Patent Rights
without consent of the other party. With respect to the UMASS Patent Rights,
GTC's rights under this subsection 9.2(c) shall be subject to the rights of
the University under Section 6 of the UMASS License.

          (d) PROSECUTION OF INFRINGERS OF ACT PATENT RIGHTS. GTC shall have the
first right to prosecute infringers of the ACT Patent Rights in the GTC Field at
its expense, and shall retain all recoveries arising out of such prosecutions by
GTC. ACT shall have the right to prosecute such infringers if GTC elects not to
do so, at its expense, and shall retain all recoveries arising out of such
prosecutions by ACT. Neither party will enter into a settlement that admits the
invalidity, unenforceability, or non-infringement of any ACT Patent Rights
without consent of the other party. With respect to the UMASS Patent Rights,
GTC's rights under this subsection 9.2(d) shall be subject to the rights of the
University under Section 6 of the UMASS License.

     9.3  GTC PATENT RIGHTS.

          (a) RESPONSIBILITY; COSTS. GTC will retain primary responsibility for
filing, prosecution and maintenance of the GTC Patent Rights in all countries
and for all GTC Technology where ACT requests patent protection, using patent
counsel approved by ACT, which approval shall not be unreasonably withheld or
delayed. The costs of such filing, prosecution and maintenance shall be borne by
GTC, except that ACT will reimburse GTC for such costs for any countries where
ACT requests patent protection, but where GTC did not otherwise intend to seek
protection. Except as provided above, GTC and ACT will pay the fees and expenses
of their respective outside patent counsel for the activities described in this
Section 9.3.

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          (b) CONSULTATION; ABANDONMENT. ACT's patent counsel shall be given a
reasonable opportunity to comment on all proposed patent filings ("Filings") and
responses ("Responses") to patent office actions or other patent office
communications (collectively, "Office Communications") with respect to GTC
Patent Rights. In the case of Filings, and in the case of Office Communications
to which GTC must respond in a period of time equal to or exceeding sixty (60)
days (including extensions), GTC shall deliver its proposed Filing or Response
to ACT for comment not later than sixty (60) days prior to the final patent
office deadline for such Filing or Response, and GTC will not unreasonably
refuse to accept any suggestions of ACT's patent counsel regarding such Filing
or Response, provided that ACT's patent counsel provides such comments to GTC's
patent counsel not less than thirty (30) days prior to the final patent office
deadline for such Filing or Response. In the case of Office Communications to
which GTC must respond in less than sixty (60) days, which deadline may not be
extended, GTC shall deliver its proposed Response to ACT for comment not later
than ten (10) days after GTC's receipt of such Office Communication, and GTC
will not unreasonably refuse to accept any suggestions of ACT's patent counsel
regarding such Response, provided that ACT's patent counsel provides such
comments to GTC's patent counsel not less than ten (10) days prior to the final
patent office deadline for such Response. To the extent that any such patent
matter relates solely to the ACT Field and not to the GTC Field, ACT's patent
counsel will have the final right to determine the resolution of the matter. GTC
will not allow any patent or patent application within the GTC Patent Rights to
become expired or abandoned without giving ACT the right to assume
responsibility for such patent or patent application, and if ACT so elects, GTC
will assign such patent or patent application to ACT, and ACT will thereafter
assume control thereof and all expenses related thereto.

          (c) DEFENSE OF GTC PATENT RIGHTS. GTC and ACT will consult with one
another in the event of a third party claim that a patent within the GTC
Patent Rights in the ACT Field is invalid, unenforceable, or non-infringing.
GTC will have the first right to control the defense of such claim at its
expense, but ACT will have the right to share in the control of the defense
by sharing 50% of the costs thereof, but GTC shall have the final decision in
the event of a disagreement regarding the conduct of the defense. If GTC
elects not to defend, ACT may do so at its expense and under its control, but
shall have the right to offset such expenses against royalties otherwise due
to GTC until such time as the GTC Patent Rights have been upheld, provided
that such offset shall not exceed [*****]% of such royalties. Notwithstanding
the foregoing, neither party will enter into a settlement that admits the
invalidity, unenforceability, or non-infringement of any GTC Patent Rights
without consent of the other party.

          (d) PROSECUTION OF INFRINGERS OF GTC PATENT RIGHTS. ACT shall have the
first right to prosecute infringers of the GTC Patent Rights in the ACT Field at
its expense, and shall retain all recoveries arising out of such prosecutions by
ACT. GTC shall have the right to prosecute such infringers if ACT elects not to
do so, at its expense, and shall retain all recoveries arising out of such
prosecutions by GTC. Neither party will enter into a settlement that admits the
invalidity, unenforceability, or non-infringement of any GTC Patent Rights
without consent of the other party.

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     9.4  JOINT PATENT RIGHTS.

          (a) RESPONSIBILITY; COSTS. GTC will retain primary responsibility for
filing, prosecution and maintenance of the Joint Patent Rights in all countries,
using patent counsel approved by ACT, which approval shall not be unreasonably
withheld or delayed. The costs of such filing, prosecution and maintenance shall
be borne equally by GTC and ACT, except that ACT will bear all of such costs in
any countries where ACT requests patent protection, but where GTC did not
otherwise intend to seek protection. If either party fails to pay its share of
such costs with respect to any Joint Patent Rights, its exclusive license from
the other party under Article 3 with respect to such Joint Patent Rights shall
be automatically revoked, but the exclusive license from such party to the other
party with respect to such Joint Patent Rights shall remain effective.

          (b) CONSULTATION; ABANDONMENT. ACT's patent counsel shall be given a
reasonable opportunity to comment on all proposed patent filings ("Filings") and
responses ("Responses") to patent office actions or other patent office
communications (collectively, "Office Communications") with respect to Joint
Patent Rights. In the case of Filings, and in the case of Office Communications
to which GTC must respond in a period of time equal to or exceeding sixty (60)
days (including extensions), GTC shall deliver its proposed Filing or Response
to ACT for comment not later than sixty (60) days prior to the final patent
office deadline for such Filing or Response, and GTC will not unreasonably
refuse to accept any suggestions of ACT's patent counsel regarding such Filing
or Response, provided that ACT's patent counsel provides such comments to GTC's
patent counsel not less than thirty (30) days prior to the final patent office
deadline for such Filing or Response. In the case of Office Communications to
which GTC must respond in less than sixty (60) days, which deadline may not be
extended, GTC shall deliver its proposed Response to ACT for comment not later
than ten (10) days after GTC's receipt of such Office Communication, and GTC
will not unreasonably refuse to accept any suggestions of ACT's patent counsel
regarding such Response, provided that ACT's patent counsel provides such
comments to GTC's patent counsel not less than ten (10) days prior to the final
patent office deadline for such Response. To the extent that any such patent
matter relates solely to the ACT Field and not to the GTC Field, ACT's patent
counsel will have the final right to determine the resolution of the matter. GTC
will not allow any patent or patent application within the Joint Patent Rights
to become expired or abandoned without giving ACT the right to assume
responsibility for such patent or patent application, and if ACT so elects, GTC
will assign such patent or patent application to ACT, and ACT will thereafter
assume control thereof and all expenses related thereto.

          (c) DEFENSE OF JOINT PATENT RIGHTS. GTC and ACT will consult with one
another in the event of a third party claim that a patent within the Joint
Patent Rights is invalid, unenforceable, or non-infringing. GTC will have the
first right to control the defense of such claim at its expense, but ACT will
have the right to share in the control of the defense by sharing 50% of the
costs thereof, but GTC shall have the final decision in the event of a
disagreement regarding the conduct of the defense. If GTC elects not to defend,
ACT may do so at its expense and under its control, but shall have the right to
offset such expenses against royalties otherwise due to GTC. Notwithstanding the
foregoing, neither party will enter into a settlement that admits the
invalidity, unenforceability, or non-infringement of any Joint Patent Rights
without consent of the other party.

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          (d) PROSECUTION OF INFRINGERS OF JOINT PATENT RIGHTS. ACT shall have
the first right to prosecute infringers of the Joint Patent Rights in the ACT
Field at its expense, and shall retain all recoveries arising out of such
prosecutions by ACT. GTC shall have the right to prosecute such infringers if
ACT elects not to do so, at its expense, and shall retain all recoveries arising
out of such prosecutions by GTC. GTC shall have the first right to prosecute
infringers of the Joint Patent Rights in the GTC Field at its expense, and shall
retain all recoveries arising out of such prosecutions by GTC. ACT shall have
the right to prosecute such infringers if GTC elects not to do so, at its
expense, and shall retain all recoveries arising out of such prosecutions by
ACT. Neither party will enter into a settlement that admits the invalidity,
unenforceability, or non-infringement of any Joint Patent Rights without consent
of the other party.

     9.5  COOPERATION. GTC and ACT shall cooperate fully in the preparation,
filing, prosecution, and maintenance of all ACT Patent Rights, GTC Patent
Rights, and Joint Patent Rights. Such cooperation includes, without limitation,
(i) promptly executing all papers and instruments or requiring employees of GTC
or ACT to execute such papers and instruments as reasonable and appropriate so
as to enable GTC or ACT to file, prosecute, and maintain such Patent Rights in
any country; and (ii) promptly informing the other party of matters that may
affect the preparation, filing, prosecution, or maintenance of any such Patent
Rights (such as becoming aware of an additional inventor who is not listed as an
inventor in a patent application).

10.  CONFIDENTIAL INFORMATION.

     10.1 NONDISCLOSURE OF CONFIDENTIAL INFORMATION. During the term of this
Agreement and for five (5) years thereafter, neither party nor the University
will disclose or make available to any person outside its organization the
disclosing party's Confidential Information, except that each party will have
the right to disclose such of the other party's Confidential Information
consisting of ACT Technology or GTC Technology, as applicable, to third parties
to which sublicensing is permitted under Section 3.1(b) or 3.2(b), provided that
such third parties are bound to protect the confidentiality of such Confidential
Information. Each party may disclose the other party's Confidential Information
to persons within its organization and that of its Affiliates to the extent
necessary to further the purposes of this Agreement, provided that all such
persons are bound to protect the confidentiality of such Confidential
Information. Each party may disclose the other party's Confidential Information
if required by law or governmental authority, provided that prior notice of any
such disclosure is given to the other party and that the disclosing party
cooperates with the other party in seeking protective orders or other
restrictions on disclosure.

     10.2 USE OF CONFIDENTIAL INFORMATION. Each party will use the Confidential
Information of the other party only for the purposes contemplated by this
Agreement.

                                      -23-
<Page>

11.  REPRESENTATIONS AND WARRANTIES.

     11.1 REPRESENTATIONS AND WARRANTIES BY ACT. ACT represents and warrants to
GTC that:

          (a) ACT owns or has a licensable interest in the ACT Licensed Property
and has the right to grant to GTC the licenses set forth above. As of the
Effective Date, GTC is in receipt of proposed claims to an ACT patent concerning
[*****] which ACT represents it believes will issue in the U.S. in the near
term.

          (b) ACT has provided GTC with a copy of the UMASS License, as amended,
with certain terms redacted, and ACT represents and warrants that the said copy
is a true and complete (except as redacted) copy of the UMASS License as of the
Effective Date.

          (c) ACT shall have the unrestricted right to transfer good and
marketable title to the Milk Products and the hSA Cows to GTC pursuant to this
Agreement, free and clear of any lien, charge or encumbrance created or
permitted by ACT;

          (d) the Milk Products and hSA Cows will conform to the applicable
specifications set forth in SCHEDULE B. The parties agree that any hSA Cows that
do not conform to the specifications set forth in SCHEDULE B shall be destroyed.

          (e) the Milk Products shall not be (i) adulterated or misbranded
within the meaning of the Federal Food, Drug and Cosmetic Act, as amended, or
within the meaning of any applicable state or municipal law in which the
definitions of adulteration and misbranding are substantially the same as those
contained in the Federal Food, Drug and Cosmetic Act, as such Act and laws are
constituted and effective at the time of delivery of the Milk Products, or (ii)
an article which may not be introduced into interstate commerce under the
provisions of Sections 404, 505 or 512 of such Act, as amended;

          (f) as of the date of delivery of each hSA Cow, each hSA Cow and the
Milk Products of such hSA Cow have been manufactured in accordance with all
current material applicable federal, state and local laws and regulations
relating to ACT's activities under this Agreement, including without limitation
applicable GMPs and GAPs;

          (g) with respect to the ACT Patent Rights and ACT Technology only, to
the knowledge of ACT, the commercialization of the Milk Products will not
infringe the patent or other intellectual property rights of any third party;
and

          (h) the execution of this Agreement and performance of the
transactions contemplated by such agreements have been approved by the ACT Board
Of Directors and will

----------
***** Confidential Treatments has been requested for the marked portion.

                                      -24-
<Page>

not conflict with or result in any breach of any of the terms, conditions or
provisions of, or constitute a default under, any agreement to which ACT is a
party or by which ACT is bound.

     11.2 REPRESENTATION AND WARRANTY BY GTC. GTC represents and warrants to ACT
that:

          (a) it owns the GTC Licensed Property and has the right to grant to
ACT the licenses set forth above;

          (b) it shall have the unrestricted right to transfer good and
marketable title to all [*****] and/or other suitable selectable markers used in
the hSA Program and all materials and resources necessary for the identification
and evaluation of [*****] including, without limitation, DNA probes and
polymerase chain reaction ("PCR") primers;

          (c) the execution of this Agreement and performance of the
transactions contemplated by such agreements have been approved by all necessary
corporate action and will not conflict with or result in any breach of any of
the terms, conditions or provisions of, or constitute a default under, any
agreement to which GTC is a party or by which GTC is bound; and

          (d) to the knowledge of GTC, the transgenic activities described in
SCHEDULE B performed or to be performed by ACT will not infringe the patent or
other intellectual property rights of any third party.

     11.3 DISCLAIMER. Except as expressly set forth in Section 11.1(g) and
11.2(d), neither party makes any representation or warranty as to the validity
or scope of the ACT Licensed Property or the GTC Licensed Property, nor does
either party make any representation or warranty that the exercise of the rights
granted to either party with respect to the ACT Licensed Property or the GTC
Licensed Property will not infringe the patent or other intellectual property
rights of any third party.

12.  INDEMNIFICATION.

     12.1 INDEMNIFICATION BY ACT. ACT agrees to defend, indemnify and hold
harmless GTC, the University, and their Affiliates, agents, directors, officers
and employees, at ACT's cost and expense, from and against any and all losses,
costs, liabilities, damages, fees and expenses, including reasonable attorneys'
fees and expenses with respect to claims by third parties:

          (a) arising out of any breach by ACT of any representation or warranty
contained in Section 11.1; and

----------
***** Confidential Treatments has been requested for the marked portion.

                                      -25-
<Page>

          (b) in the nature of product liability or otherwise attributable to
the making, using, development, testing, registration, distribution and/or sale
by or through ACT of any GTC Products or GTC Services under this Agreement.

     12.2 INDEMNIFICATION BY GTC. GTC agrees to defend, indemnify and hold
harmless ACT, the University, and their Affiliates, agents, directors, officers
and employees, at GTC's cost and expense, from and against any and all losses,
costs, liabilities, damages, fees and expenses, including reasonable attorneys'
fees and expenses with respect to claims by third parties:

          (a) arising out of any breach by GTC of any representation or warranty
contained in Section 11.2; and

          (b) in the nature of product liability or otherwise attributable to
the making, using, development, testing, registration, distribution and/or sale
by or through GTC of any ACT Products or ACT Services under this Agreement; and

          (c) that the transgenic activities of ACT under the hSA Program
described in SCHEDULE B infringe the patent or other intellectual property
rights of such third parties.

     12.3 INDEMNIFICATION CLAIMS. Each party shall give the other party prompt
notice of any claim for which indemnification under this Section 12 is or may be
applicable and will cooperate with the indemnifying party in the defense or
settlement of such claim at the indemnifying party's expense. The indemnifying
party shall be required to provide and be entitled to control the defense of any
claim covered hereunder (including the right to settle it at the sole discretion
of the indemnifying party) with counsel reasonably satisfactory to the other
party which may, at its own expense, participate in the defense of any claim
after the indemnifying party assumes control of the defense thereof. The
indemnification obligations in this Section 12 shall not apply to amounts paid
in settlement of such claim if such settlement is effected without the consent
of the indemnifying party, which consent shall not be unreasonably withheld or
delayed. The failure of the indemnified party to deliver notice to the
indemnifying party promptly after the commencement of any such action, if
prejudicial to the indemnifying party's ability to defend such action, shall
relieve the indemnifying party of any liability to the indemnified party under
this Section 12, but the failure to promptly deliver notice to the indemnifying
party will not relieve it of any liability that it may have to the indemnified
party other than under this Section 12.

13.  LIMITATION OF LIABILITY. IN NO EVENT SHALL EITHER PARTY (OR ITS AFFILIATES,
SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, OR AGENTS) BE LIABLE FOR ANY
SPECIAL, INDIRECT, RELIANCE, INCIDENTAL, EXEMPLARY, COVER, OR CONSEQUENTIAL
DAMAGES, INCLUDING LOSS OF PROFITS AND GOODWILL, EVEN IF SUCH PARTY HAS BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, REGARDLESS OF THE THEORY OF
LIABILITY.

14.  INSURANCE. Prior to the commencement of the first Phase I clinical trial of
any proteins/products produced in hSA Cows developed by ACT under this
Agreement, each party shall obtain and maintain, at all times during the term of
this Agreement, general liability

                                      -26-
<Page>

insurance with appropriate bodily injury, death and property damage limits. Upon
request, a party shall furnish a certificate of insurance signed by an
authorized representative of its insurance underwriter evidencing such coverage
and providing for at least thirty (30) days' prior written notice of any
cancellation, termination or reduction of coverage.

15.  MISCELLANEOUS.

     15.1 ASSIGNMENT. This Agreement, and the rights and obligations thereunder,
may not be assigned or transferred, in whole or in part, by either party without
the prior written consent of the other party, except that (a) either party may
assign this Agreement to an Affiliate, provided that such party remains
primarily liable and/or responsible for the performance of such obligations, and
provided further that such Affiliate agrees to be bound to the terms and
conditions of this Agreement, and (b) either party may assign this agreement in
connection with the merger, consolidation or sale of all or substantially all of
the assets of such party which pertain to the subject matter of this Agreement.

     15.2 NOTICES. Notices shall be in writing and delivered by hand or sent by
nationally recognized overnight delivery service, prepaid registered or
certified air mail, or by facsimile confirmed by prepaid first class, registered
or certified mail letter, and shall be deemed to have been properly served to
the addressee upon receipt of such written communication.

          Addresses: In the case of GTC, the proper address for communications
          shall be:

                Genzyme Transgenics Corporation
                Five Mountain Road
                Framingham, Massachusetts 01701-9322
                Attn: President
                Fax: (508) 370-3797

          with a copy to:       Palmer & Dodge
                                One Beacon Street
                                Boston, MA 02108
                                Fax: (617) 227-4420

          and in the case of ACT, the proper address for communications and all
          payments shall be:

                Advanced Cell Technology, Inc.
                One Innovation Drive
                Worcester, Massachusetts 01605
                Attn: President
                Fax: (508) 756-0931

          with a copy to:       Pierce Atwood
                                One Monument Square
                                Portland, ME
                                Fax: (207) 791-1350

                                      -27-
<Page>

     15.3 CHOICE OF LAW. This Agreement is subject to and governed by the laws
of the Commonwealth of Massachusetts, without regard to principles of conflicts
of law thereof.

     15.4 DISPUTE RESOLUTION. Any dispute arising under this Agreement which is
not promptly settled by the parties shall be referred to the Chief Executive
Officers of the parties. The Chief Executive Officers will meet for negotiations
within fifteen (15) days of such referral. If the dispute has not been resolved
within thirty (30) days (which period may be extended by mutual agreement),
subject to any rights to injunctive relief and unless otherwise specifically
provided for herein, any dispute will be submitted to binding arbitration. The
arbitration shall be conducted before a single arbitrator in accordance with the
Commercial Arbitration Rules of the American Arbitration Association (AAA),
which shall administer the arbitration and act as appointing authority. The
arbitration shall take place in Boston, Massachusetts, and shall be the
exclusive forum for resolving such dispute, controversy or claim. The decision
of the arbitrator shall be final and binding upon the parties. Notwithstanding
anything contained above to the contrary, each party shall have the right to
institute judicial proceedings against the other party in order to enforce the
instituting party's rights hereunder through specific performance, injunction or
similar equitable relief.

     15.5 COMPLIANCE WITH LAW BY GTC. GTC shall comply with, and shall ensure
that its sublicensees comply with, all local, state, federal and international
laws and regulations relating to the development, manufacture, use, and sale of
ACT Products and ACT Services. GTC shall, and shall cause its sublicensees to,
comply with the following:

          (a) GTC and its sublicensees shall obtain all necessary approvals from
the FDA and any similar governmental authorities of any foreign jurisdiction in
which GTC or a permitted sublicensee intends to make, use, or sell ACT Products
or to perform ACT Services.

          (b) GTC and its sublicensees shall comply with all United States laws
and regulations controlling the export of certain commodities and technical
data, including without limitation all Export Administration Regulations of the
United States Department of Commerce. Among other things, these laws and
regulations prohibit, or require a license for, the export of certain types of
commodities and technical data to specified countries. GTC hereby gives written
assurance that it will comply with, and will cause its sublicensees to comply
with, all United States export control laws and regulations, that it bears sole
responsibility for any violation of such laws and regulations by itself or its
sublicensees, and that it will indemnify, defend, and hold ACT harmless (in
accordance with Section 12.1) for the consequences of any such violation.

          (c) To the extent that any invention claimed in the ACT Licensed
Property has been partially funded by the United States government, and only to
the extent required by applicable laws and regulations, GTC agrees that any ACT
Products used or sold in the United States will be manufactured substantially in
the United States or its territories. Current law provides that if domestic
manufacture is not commercially feasible under the circumstances, ACT and/or the
University may seek a waiver of this requirement from the relevant federal
agency on behalf of GTC and, upon GTC's request, shall cooperate with GTC in
seeking such a waiver.

                                      -28-
<Page>

     15.6 COMPLIANCE WITH LAW BY ACT. ACT shall comply with, and shall ensure
that its sublicensees comply with, all local, state, federal and international
laws and regulations relating to the development, manufacture, use, and sale of
GTC Products and GTC Services. ACT shall, and shall cause its sublicensees to,
comply with the following:

          (a) ACT and its sublicensees shall obtain all necessary approvals from
the FDA and any similar governmental authorities of any foreign jurisdiction in
which ACT or a permitted sublicensee intends to make, use, or sell GTC Products
or to perform GTC Services.

          (b) ACT and its sublicensees shall comply with all United States laws
and regulations controlling the export of certain commodities and technical
data, including without limitation all Export Administration Regulations of the
United States Department of Commerce. Among other things, these laws and
regulations prohibit, or require a license for, the export of certain types of
commodities and technical data to specified countries. ACT hereby gives written
assurance that it will comply with, and will cause its sublicensees to comply
with, all United States export control laws and regulations, that it bears sole
responsibility for any violation of such laws and regulations by itself or its
sublicensees, and that it will indemnify, defend, and hold GTC harmless (in
accordance with Section 12.1) for the consequences of any such violation.

     15.7 NO ENCUMBRANCES. GTC will not create or incur or cause to be incurred
or to exist any lien, encumbrance, mortgage, pledge, charge, restriction or
other security interest of any kind upon the ACT Licensed Property without the
prior written consent of the University and ACT. ACT will not create or incur or
cause to be incurred or to exist any lien, encumbrance, mortgage, pledge,
charge, restriction or other security interest of any kind upon the GTC Licensed
Property without the prior written consent of GTC.

     15.8 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.

     15.9 HEADINGS. All headings contained in this Agreement are for convenience
of reference only and shall not be considered in construing this Agreement.

     15.10 BINDING EFFECT. This Agreement shall be binding upon and inure to the
benefit of the parties and their respective permitted successors and assigns.
The parties acknowledge that the University is a third party beneficiary of the
applicable provisions of Sections 3.1, 4.3(a), 5.1, 8.2, 8.9(c), 9.2, 12.1,
12.2, 15.5(c), 15.7, 15.10, and 15.14 hereof, with the right to enforce such
provisions against the applicable party.

     15.11 AMENDMENT AND WAIVER. This Agreement may be amended, supplemented, or
otherwise modified only by means of a written instrument signed by both parties.
Any waiver of any rights or failure to act in a specific instance shall relate
only to such instance and shall not be construed as an agreement to waive any
rights or fail to act in any other instance, whether or not similar.

     15.12 SEVERABILITY. In the event that any one or more of the provisions
contained in this Agreement shall, for any reason, be held to be invalid,
illegal or unenforceable in any respect,

                                      -29-
<Page>

such invalidity, illegality or unenforceability shall not affect any other
provision of this Agreement, and all other provisions shall remain in full force
and effect. If any of the provisions of this Agreement is held to be excessively
broad or invalid, illegal or unenforceable in any jurisdiction, it shall be
reformed and construed by limiting and reducing it so as to be enforceable to
the maximum extent permitted by law in conformance with its original intent.

     15.13 ENTIRE AGREEMENT. This Agreement, together with the UMASS License,
constitute the entire agreement of the parties with regard to its subject
matter, and supersedes all previous written or oral representations, agreements
and understandings between the parties. The parties acknowledge and agree that
there are no representations, warranties, arrangements, promises or agreements
outstanding between them, whether oral or in writing, other than those contained
or referred to in this Agreement or the UMASS License.

     15.14 PUBLICITY. Neither party, nor any of its Affiliates, shall originate
any publicity, news release or other public announcement ("Announcements"),
written or oral, relating to this Agreement or the existence of an arrangement
between the parties, without the prior written approval of the other party,
which approval shall not be unreasonably withheld, except as otherwise required
by law. Any references to the University in such Announcements shall be subject
to the approval of the University. The foregoing notwithstanding, ACT and GTC
shall have the right to make such Announcements without the consent of the other
party or the University, as applicable, in any prospectus, offering memorandum,
or other document or filing required by applicable securities laws or other
applicable law or regulation, provided that such party shall have given the
other party or the University, as applicable, at least ten (10) days' prior
written notice of the proposed text for the purpose of giving the other party or
the University, as applicable, the opportunity to comment on such text.

     15.15 NO IMPLIED LICENSES. No implied licenses are granted pursuant to the
terms of this Agreement. No license rights shall be created by implication or
estoppel.

     15.16 NO AGENCY. Nothing herein shall be deemed to constitute either party
as the agent or representative of the other party, or both parties as joint
venturers or partners for any purpose. Each party shall be an independent
contractor, not an employee or partner of the other party, and the manner in
which each party renders its services under this Agreement shall be within its
sole discretion. Neither party shall be responsible for the acts or omissions of
the other party, and neither party will have authority to speak for, represent
or obligate the other party in any way without prior written authority from the
other party.

     15.17 NON-SOLICITATION. During the term of the hSA Program and for a period
of one (1) year thereafter, neither party may solicit any person who is employed
by or a consultant to the other party or any Affiliate of such party and who has
worked on the hSA Program under this Agreement to terminate such person's
employment by or consultancy to such party or such Affiliate. As used herein,
the term "solicit" shall include, without limitation, requesting, encouraging,
assisting or causing, directly or indirectly, any such employee or consultant to
terminate such person's employment with or consultancy to such party or
Affiliate.

     15.18 PRODUCT MARKING. To the extent commercially feasible, and consistent
with prevailing business practices, all products manufactured or sold by either
party under this

                                      -30-
<Page>

Agreement will be marked with the number of each issued patent of the other
party that applies to such product.

                                      -31-
<Page>

     IN WITNESS WHEREOF, the parties hereto and the University have caused this
Exclusive Development and License Agreement to be executed the day and year
first written above. The persons signing below warrant their authority to sign
the Agreement.

GENZYME TRANSGENICS CORPORATION                 ADVANCED CELL TECHNOLOGY, INC.

By:  /s/ John B. Green                          By: /s/ Michael West
     ------------------------------                 ----------------------------
     SIGNATURE                                      SIGNATURE

     John B. Green                                  Michael West
     ------------------------------                 ----------------------------
     PRINTED NAME                                   PRINTED NAME

     Vice President and Chief Financial Officer     President and CEO
     ------------------------------------------     ----------------------------
     TITLE                                          TITLE

                              CONSENT AND AGREEMENT

     For value received, the University hereby (a) consents to the sublicense by
ACT to GTC of the UMASS Patent Rights under this Agreement, (b) agrees to be
bound by the applicable provisions of Sections 3.1, 4.3(a), 5.1, 8.9(c), 10.1,
and 15.5 hereof, and (c) affirms its representations, warranties, and covenants
set forth in Section 8.2(c) hereof.

THE UNIVERSITY OF MASSACHUSETTS

By:  /s/ Joseph F.X. McGuirl
     ------------------------------
     SIGNATURE

     Joseph F.X. McGuirl
     ------------------------------
     PRINTED NAME

     Executive Director Commercial Ventures and Intellectual Property
     ----------------------------------------------------------------
     TITLE

                                      -32-
<Page>

                                                                    SCHEDULE A-1
                                ACT PATENT RIGHTS

<Table>
<Caption>
--------------------------------------------------------------------------------------------------------------------------
                                                                           Serial No./                 Filing Date/
                  Title                        1st Inventor                Patent No.                   Grant Date
--------------------------------------------------------------------------------------------------------------------------
<S>                                        <C>                    <C>                           <C>

--------------------------------------------------------------------------------------------------------------------------
Cultured inner cell mass cell lines        Stice, Steven          US 08/626,054                 April 1, 1996
derived from ungulate embryos

                                                                  PCT/US97/04736                March 24, 1997
--------------------------------------------------------------------------------------------------------------------------

Embryonic or stem-like cell lines          Robl, James            US 08/699,040                 August 19, 1996
produced by cross species nuclear
transplantation

                                                                  PCT/US97/12919                July 28, 1997
--------------------------------------------------------------------------------------------------------------------------
[*****]
--------------------------------------------------------------------------------------------------------------------------
[*****]
--------------------------------------------------------------------------------------------------------------------------
</Table>

----------
***** Confidential Treatment has been requested for the marked portion.

<Page>

                                                                    SCHEDULE A-2

                                GTC PATENT RIGHTS

                            To be completed at future date.

<Page>

                                                                    SCHEDULE A-3

                               JOINT PATENT RIGHTS

                            To be completed at future date.

<Page>

                                                                      SCHEDULE B

                               hSA PROGRAM SUMMARY

[*****]

----------
***** Confidential Treatment has been requested for the marked portion.

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