Document:

Severance Agreement

 Exhibit 10.2 
 SEVERANCE AGREEMENT 
 AND RELEASE OF ALL CLAIMS

  

	1.	This Severance Agreement and Release of All Claims (this “Agreement”) is entered into between BioMarin Pharmaceutical Inc., including its officers,
directors, managers, agents, and representatives (collectively, the “Company”) and Stephen Aselage (“Employee”). The purpose of this Agreement is to arrange a severance of Employee’s employment with Company on
a basis that is satisfactory both to the Company and to the Employee. 

  

	2.	Employee’s termination date for all purposes will be October 15, 2012 (the “Termination Date”). 

 

	3.	Both Employee and Company are entering into this Agreement as a way of concluding the employment relationship between them and of settling voluntarily any dispute or
potential dispute that Employee has or might have with Company as of the date this Agreement is signed. 

  

	4.	Company agrees to continue Employee’s salary through the Termination Date. 

 

	5.	Company agrees to pay to Employee severance pay in the amount of Six Hundred One Thousand Eight Hundred Eighty Eight Dollars ($601,881) (the “Severance
Amount”). This amount will be paid in a lump sum within ten (10) business days of Employee re-executing this Agreement upon the Termination Date. All appropriate payroll taxes will be deducted therefrom. 

 

	6.	Employee agrees and understands that after October 15, 2012 he will no longer be eligible to participate in the Company’s 401(k) Retirement Savings Plan,
Short or Long-Term Disability Plans, Educational Assistance Plan, Employee Stock Purchase Plan, Long-Term Equity Compensation Plan, or any other employee benefit plans as of the Termination Date, except for COBRA coverage. Notwithstanding the
foregoing, Employee will be covered under the medical, dental and vision coverage, if any, selected under the Company’s Health and Welfare plans through October 31, 2012. Subsequently, Employee will be eligible for COBRA coverage as
required by law. 

  

	7.	Employee agrees that he will submit any business expense reports to the Company within fifteen (15) days after the Termination Date, and the Company agrees to pay
all such properly submitted expense reports subject to Company policy in accordance with its customary procedures. Company hereby releases Employee from any and all liability Employee may have to Company for expense reports submitted prior to the
date of initially signing this Agreement. 

  

	8.	Employee agrees that, on the Termination Date, he shall return to the Company all Company property, including but not limited to all computer equipment, mobile devices,
keys, key cards, security badges, passwords, tangible proprietary information, documents, books, records, reports, proprietary customer and contact lists, computer files and data (and any copies thereof), which exist in any medium, which were
prepared or obtained by Employee in the course of or incident to his employment. 

	9.	Employee warrants and represents that he has not and will not improperly disclose any non-public Company materials, documents, or other confidential information
(“Confidential Information”) to third parties. Because Company’s damages resulting from any such violation(s) would be impracticable and extremely difficult to fix in an actual amount, the liquidated amount of damage(s)
presumed to be sustained from any such violation will be disgorgement of one half of the Severance Amount and $5,000.00 per violation. That sum is agreed on as compensation for the injury suffered by Company and not as a penalty. Employee further
agrees and stipulates that disclosure of Confidential Information will result in irreparable harm to Company for which monetary damages would be inadequate to compensate, and that any such improper disclosure of Confidential Information will entitle
the Company to injunctive relief. 

  

	10.	As consideration for this severance payment, Employee, for Employee and Employee’s spouse, heirs, executors, representative and assigns, forever releases the
Company from any and all claims, actions, and causes of action which Employee has or might have concerning Employee’s employment with Company or the termination of employment, up to the date of the signing of this Agreement, to the fullest
extent such claims are releasable by law. All such claims are forever barred by this Agreement without regard to whether those claims are based upon any alleged breach of contract or covenant of good faith and fair dealing; any alleged employment
discrimination or other unlawful discriminatory acts, including claims under Title VII, the Fair Employment and Housing Act, the Americans with Disabilities Act, the California Labor Code, the Employee Retirement Income Security Act, the Age
Discrimination in Employment Act, the Older Workers Benefit Protection Act of 1990, any alleged tortious act resulting in physical injury, emotional distress, or damage to reputation or other damages, or any other claim or cause of action as of the
date of the signing of this Agreement. 

  

	11.	Employee agrees that the foregoing payments shall constitute all money and benefits owed or payable to Employee, including all amounts due under that certain Amended
and Restated Employment Agreement, with an effective date of April 9, 2007, as amended, by and between the Company and Employee (the “Employment Agreement”), and that Employee will not seek any further compensation from the
Company for any other claims, damages, costs or attorneys fees. Company and Employee agree that the terms of this Agreement shall supersede and, to the extent necessary to give effect to this Agreement, amend and modify the Employment Agreement.

  

	12.	The parties acknowledge that California Civil Code Section 1542 provides as follows: 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF
EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 
 Being fully
informed of this provision of the Civil Code, Employee and Company waive any rights under that section, and acknowledge that this Agreement extends to all claims Employee has or might have against Company, whether known or unknown. 

	13.	Employee understands that: 

  

	 	13.1.	Employee has twenty one (21) days in which to consider signing this Agreement. Employee agrees that should he decide to sign this Agreement before the one
(21) day review period expires, such decision and waiver of the twenty-one (21) day review period is knowing, voluntary and his alone. 

  

	 	13.2.	Employee should carefully read and fully understand all of the terms of the Agreement; 

 

	 	13.3.	Employee is, through this Agreement, releasing Company from any and all claims Employee may have against it; 

 

	 	13.4.	Employee knowingly and voluntarily agrees to all of the terms set forth in this Agreement; 

 

	 	13.5.	Employee knowingly and voluntarily intends to be legally bound by this Agreement; 

 

	 	13.6.	Employee was advised and hereby is advised in writing to consult with an attorney of Employee’s choice prior to signing this Agreement; and

  

	 	13.7.	Employee has a full seven (7) days following the signing of this Agreement to revoke it and Employee has been, and hereby is, advised in writing that this
Agreement will not become effective or enforceable until that seven (7) day revocation period has expired and Employee has not revoked the Agreement. 

  

	14.	This Agreement is in full satisfaction of disputed claims and by entering into this Agreement, Company is in no way admitting liability of any sort. This Agreement,
therefore, does not constitute an admission of liability of any kind. The Company’s obligations under Section 5 of this Agreement are conditioned on Employee re-executing this Agreement on or within five (5) business days after
the Termination Date. 

  

	15.	Employee agrees that he will not seek reemployment with the Company at any time, nor shall the Company be under any obligation to rehire him. 

 

	16.	Employee will cooperate with requests for information or assistance that the Company may make from time to time up until Employee’s Termination Date.

  

	17.	Employee agrees that for two (2) years after the Termination Date, Employee will not directly or indirectly solicit, hire or encourage the soliciting or hiring of
any individual employed by the Company or any of its subsidiaries. Employee also agrees that for two (2) years after the Termination Date, Employee will not directly or indirectly induce any individual employed by the Company or any of its
subsidiaries to leave the Company or subsidiary for any reason whatsoever. 

  

	18.	In regard to future employment references, the Company agrees that no one other than the Company’s Human Resources department will release employment information
and said information will only be dates of employment, most recent annual base salary, and job title. Additionally, Employee agrees that the Chief Executive Officer may provide a reference, written or oral, with such content as the Chief Executive
Officer deems appropriate. 

  

	19.	 Employee agrees that Employee will not make negative comments, in any media, about the Company’s management or employees, members of its board of
directors, policies, practices, direction, finances, or philosophy. Subject to Section 18, the officers of the Company will 

	 	
not make negative comments about Employee’s performance while he was employed by the Company. 

  

	20.	Company will not contest Employee’s claim for unemployment benefits, however, Company reserves the right to review and correct or confirm Employee’s reason
for termination if necessary or requested by the Employment Development Department. 

  

	21.	Should any provision of this Agreement be determined by any court to be wholly or partially illegal, invalid or unenforceable, the legality, validity and enforceability
of the remaining provisions shall not be affected, and said illegal, unenforceable or invalid provisions shall be deemed not to be a part of this Agreement. 

 

	22.	Employee and Company agree that any prior communications that may have referenced certain notice and termination benefits are superseded by this Agreement, for which
good and valuable consideration has been exchanged. 

  

	23.	Employee and Company agree that this Agreement contains their complete and final agreement and that there are no representations, statements, or agreements that have
not been included within this Agreement. 

  

	24.	Employee and Company acknowledge that in signing this Agreement, they do not rely upon and have not relied upon any representation or statement made by any of the
parties or their agents with respect to the subject matter, basis or effect of this Agreement, other than those specifically stated in this written Agreement. 

 

	25.	This Agreement shall be binding upon Employee and Company, the parties to this Agreement and upon their heirs, administrators, representatives, executors and assigns.
Employee expressly warrants that Employee has not transferred to any person or entity any rights, causes of action or claims released in this Agreement. 

  

	26.	This Agreement shall be interpreted, enforced and governed by the laws of the state of California without regard or giving effect to its conflict of laws principles.
Employee and Company agree that any dispute regarding the application and interpretation or alleged breach of this Agreement shall be resolved through arbitration in accordance with the procedures set forth in Section 9 of the Employment
Agreement. 

 [Remainder Of Page Intentionally Blank] 

	27.	This Agreement may be executed in several counterparts, including by facsimile, .pdf file, or photocopied signature, each of which shall be an original, but all of
which together shall constitute one and the same agreement. 

  

	28.	BioMarin is a federal (sub)contractor subject to all provisions of E.O. 11246, Sec. 503 of the Rehabilitation Act, and the Vietnam Era Veterans’ Readjustment Act.

  

									
	STEPHEN ASELAGE	 	 	 	BIOMARIN PHARMACEUTICAL INC.
			
	 /s/ Stephen Aselage
	 	 	 	 /s/ Mark Wood

		 		 	BY:	 	MARK WOOD
		 		 		 	ITS:	 	SR. VICE PRESIDENT, HUMAN
	DATE:	 	 August 30, 2012
	 		 	RESOURCES & CORPORATE AFFAIRS
		 		 		 	DATE:	 	 September 4, 2012

 Employee hereby re-executes and agrees to the terms of this Agreement, including the release of claims as set forth in
Section 10, through the date indicated below. 
  

			
	STEPHEN ASELAGE
	
	  
		
	 DATE:Second Amendment to Credit Agreement

 Exhibit 10.1 
 SECOND AMENDMENT 
 TO 

CREDIT AGREEMENT 
 DATED AS OF SEPTEMBER 4, 2012 
 AMONG 
 CARRIZO OIL &
GAS, INC., 
 AS BORROWER, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

AS ADMINISTRATIVE AGENT, 

AND 
 THE LENDERS PARTY HERETO 

 SECOND AMENDMENT TO CREDIT
AGREEMENT 
 THIS SECOND AMENDMENT TO
CREDIT AGREEMENT (this “Second Amendment”) dated as of September 4, 2012, among CARRIZO OIL & GAS, INC., a Texas corporation (the “Borrower”); the
Lenders listed on the signature pages hereto; and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).

 R E C I T A L S 
 WHEREAS, the Borrower, the Administrative Agent, the Lenders and the other Agents party thereto are parties to that certain Credit Agreement dated as of January 27, 2011 (as heretofore amended,
supplemented or otherwise modified, the “Credit Agreement”), pursuant to which the Lenders have made certain credit and other financial accommodations available to and on behalf of the Borrower; and 

WHEREAS, the Borrower has requested that the Administrative Agent and the Majority Lenders amend certain provisions of the Credit
Agreement, and the Administrative Agent and the Majority Lenders are willing to do so on the terms and subject to the conditions set forth herein; 
 NOW, THEREFORE, to induce the Administrative Agent and the Majority Lenders to enter into this Second Amendment, and in consideration of the premises and the mutual covenants herein contained, for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Defined Terms. Each capitalized term used herein but not otherwise defined herein has the meaning given such term in
the Credit Agreement, as amended by this Second Amendment. Unless otherwise indicated, all section references in this Second Amendment refer to sections of the Credit Agreement. 

Section 2. Amendments to Credit Agreement. 
 2.1 Amendments to Section 1.02. 
 (a) Section 1.02 is hereby
amended by deleting the defined terms “Agreement”, “Existing 2018 Notes”, “Existing 2018 Notes Indenture”, “Permitted Additional Senior Notes” and “Senior Notes” and replacing them with the
following: 
 “‘Agreement’ means this Credit Agreement, as amended by that certain First
Amendment dated as of March 26, 2012 and that Second Amendment dated as of September 4, 2012, as the same may from time to time be further amended, modified, supplemented or restated. 

‘Existing 2018 Notes’ means the Borrower’s 8.625% Senior Notes due 2018 issued on November 2,
2010 pursuant to the Existing 2018 Notes Indenture, the aggregate outstanding principal amount of which as of the Effective Date is $400,000,000. 

 ‘Existing 2018 Notes Indenture’ means that certain
Indenture dated as of May 28, 2008 among the Borrower, certain Subsidiaries of the Borrower and Wells Fargo Bank, National Association, as trustee, as supplemented by the Fourth Supplemental Indenture dated as of November 2, 2010, the
Sixth Supplemental Indenture dated as of May 4, 2011, the Eighth Supplemental Indenture dated as of August 5, 2011 and the Officer’s Certificate dated as of November 17, 2011, and as the same may be amended, restated, modified or
further supplemented from time to time (to the extent such amendment, restatement, modification or supplement is applicable to the Existing 2018 Notes or the Additional 2018 Notes) in accordance with the terms of this Agreement. 

‘Permitted Additional Senior Notes’ means any unsecured senior, senior subordinated or convertible notes
issued after the Second Amendment Effective Date by the Borrower under Section 9.02(f). 
 ‘Senior
Notes’ means the Existing Senior Notes, the Additional 2018 Notes, any Permitted Additional Senior Notes and any Permitted Refinancing Debt in respect thereof.” 
 (b) Section 1.02 is hereby amended by adding the following defined terms thereto in the appropriate alphabetical order: 

“‘Additional 2018 Notes’ means the Borrower’s 8.625% Senior Notes due 2018, issued on
November 17, 2011 pursuant to the Existing 2018 Notes Indenture, the aggregate outstanding principal amount of which as of the Second Amendment Effective Date is $200,000,000. 

‘Second Amendment Effective Date’ means September 4, 2012.” 

2.2 Amendments to Section 9.02. 
 (a) Section 9.02(f) is hereby amended by deleting the reference to “$400,000,000” and replacing it with “$350,000,000”. 

(b) Section 9.02 is hereby amended by adding a new clause (k) thereto reading in its entirety as follows:

 “(k) the Additional 2018 Notes and any Permitted Refinancing Debt in respect thereof.” 

Section 3. Conditions Precedent. This Second Amendment shall become effective on the date when each of the following conditions is
satisfied (or waived in accordance with Section 12.02) (such date, the “Second Amendment Effective Date”): 
 3.1 The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Second Amendment Effective Date, including, to the extent invoiced, reimbursement or payment
of all out-of-pocket expenses required to be reimbursed or paid by the Borrower under the Credit Agreement. 

  
 2 

 3.2 The Administrative Agent shall have received from the Majority Lenders and the Borrower,
counterparts (in such number as may be requested by the Administrative Agent) of this Second Amendment signed on behalf of such Person. 
 3.3 No Default shall have occurred and be continuing as of the date hereof, after giving effect to the terms of this Second Amendment. 

3.4 The Administrative Agent shall have received such other documents as the Administrative Agent or its special counsel may reasonably
require in connection with the transactions contemplated hereby. 
 The Administrative Agent is hereby authorized and directed
to declare this Second Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 3 or the waiver of such
conditions as permitted in Section 12.02 of the Credit Agreement. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes. 

Section 4. Miscellaneous. 
 4.1 Confirmation. The provisions of the Credit Agreement, as amended by this Second Amendment, shall remain in full force and effect following the effectiveness of this Second Amendment.

 4.2 Ratification and Affirmation; Representations and Warranties. The Borrower hereby (a) acknowledges the terms
of this Second Amendment; (b) ratifies and affirms its obligations under, and acknowledges its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in full force
and effect as expressly amended hereby and (c) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Second Amendment: 

(i) all of the representations and warranties of the Borrower and the Guarantors contained in the Loan Documents are true
and correct in all material respects, except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material
respects as of such specified earlier date, and 
 (ii) no Default or Event of Default has occurred and is
continuing. 
 4.3 Loan Document. This Second Amendment is a Loan Document. 

4.4 Counterparts. This Second Amendment may be executed by one or more of the parties hereto in any number of separate
counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this Second Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart
hereof. 

  
 3 

 4.5 NO ORAL AGREEMENT. THIS SECOND AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER
LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO SUBSEQUENT
ORAL AGREEMENTS BETWEEN THE PARTIES. 
 4.6 GOVERNING LAW. THIS SECOND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 
 4.7 Payment of Expenses. In accordance with Section 12.03,
the Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable out-of- pocket costs and reasonable expenses incurred in connection with this Second Amendment, any other documents prepared in connection herewith and the
transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. 
 4.8 Severability. Any provision of this Second Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

4.9 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed
as of the date first written above. 
  

							
	BORROWER:	 		 	 CARRIZO OIL & GAS, INC.

				
		 		 	By:	 	/s/ Paul F. Boling
		 		 		 	Paul F. Boling Chief Financial Officer,
		 		 		 	Vice President, Secretary and Treasurer

  
 Signature Page
to Second Amendment 

							
	LENDERS:	 		 	WELLS FARGO BANK, NATIONAL
		 		 	ASSOCIATION, as Administrative Agent
		 		 	and a Lender
				
		 		 	By:	 	/s/ Greg Smothers
		 		 		 	  

		 		 	Name:	 	Greg Smothers
		 		 	Title:	 	Director

  
 Signature Page
to Second Amendment 

 
			
	CREDIT AGRICOLE CORPORATE
	AND INVESTMENT BANK, as a Lender
		
	By:	 	/s/ Tom Byargeon
		 	  

	Name:	 	Tom Byargeon
	Title:	 	Managing Director
		
	By:	 	/s/ Sharada Manne
		 	  

	Name:	 	Sharada Manne
	Title:	 	Managing Director

  
 Signature Page
to Second Amendment 

 
			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	 /s/ Mark Lumpkin, Jr.

	Name:	 	Mark Lumpkin, Jr.
	Title:	 	Authorized Signatory

  
 Signature Page
to Second Amendment 

 
			
	CAPITAL ONE, N.A., as a Lender
		
	By:	 	 /s/ Robert James

	Name:	 	Robert James
	Title:	 	Vice President

  
 Signature Page
to Second Amendment 

 
			
	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Ann Van Wagener

	Name:	 	Ann Van Wagener
	Title:	 	Vice President

  
 Signature Page
to Second Amendment 

 
			
	UNION BANK, N.A., as a Lender  

	By:	 	/s/ Damien G. Meiburger
	Name:	 	Damien G. Meiburger
	Title:	 	Senior Vice President

  
 Signature Page
to Second Amendment 

 
			
	SOCIETE GENERALE, as a Lender
		
	By:	 	/s/ Graeme Bullen
	Name:	 	Graeme Bullen
	Title:	 	Managing Director

  
 Signature Page
to Second Amendment 

 
			
	 CREDIT SUISSE AG, CAYMAN
 ISLANDS BRANCH, as a Lender

		
	By:	 	/s/ Ari Bruger
	Name:	 	Ari Bruger
	Title:	 	Vice President
		
	By:	 	/s/ Michael Spaight
	Name:	 	Michael Spaight
	Title:	 	Associate

  
 Signature Page
to Second Amendment

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