Document:

Severance Plan and Summary Plan Description

 Exhibit 10.42 
  
 As Amended March 23, 2005 
  
 BIOMARIN PHARMACEUTICAL INC. 
  
 Severance Plan 
 and 
 Summary Plan Description 
  
  

 BIOMARIN PHARMACEUTICAL INC. 
  
 Severance Plan 
 and 
 Summary Plan Description 
  
 Attracting, retaining and motivating employees of BioMarin Pharmaceutical Inc. (“BioMarin”) and its subsidiary entities (together,
the “Company”) are among the driving forces of the Company’s success. The Company’s management and Directors believe that the elements of its compensation package are one of the more quantifiable means of
accomplishing these goals. We also believe that one area of particular concern for the Company’s personnel is the effect of a change of corporate control. Senior personnel are especially at risk of termination or demotion were a third party to
acquire control of BioMarin. 
  
 Accordingly, BioMarin’s
management and Directors have evaluated the Company’s past severance policies, and have consolidated them into this Severance Plan (the “Plan”). For employees who meet the eligibility criteria set forth in Section 1
below, the Plan provides for the payment of severance benefits either – 
  

	 	(a)	according to the Change of Control Specifications attached as Exhibit A for eligible employees whose termination of employment occurs on or after a Change of Control, as
defined in Section 1 below; or 

  

	 	(b)	according to the Severance Policy attached as Exhibit B for employees whose termination of employment occurs before a Change in Control. 

  
 Throughout this Plan, the term “BioMarin” is used
when BioMarin Pharmaceutical Inc. is acting, through its employees and Directors, in its corporate interest as employer, Plan sponsor, or settlor with respect to the Plan. This Plan uses the term “Plan Administrator” whenever
the Company is acting in the limited capacity of making determinations, decisions, and interpretations associated with administering the Plan. 
  
 This Plan supersedes and replaces any and all prior severance policies, plans and programs with respect to the Company’s employees. The Plan is an
“employee welfare benefit plan” as defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), is not intended to be a “pension plan” as defined in Section 3(2)(A)
of ERISA, and shall be administered so as not to be an ERISA pension plan. 
  

	1.	Events That Trigger Benefits 

  
 Benefits will become payable to you under the Plan if your employment with the Company terminates either – 
  

	 	(a)	both while you are eligible for the Plan based on the conditions set forth in Section 2 and on or within 12 months after a Change of Control, as defined herein; or

  

 1 

	 	(b)	if the Company provides you with a written notice stating that the termination of your employment will entitle you to collect Plan benefits. 

  
 “Change of Control” shall mean either (i) a merger,
consolidation, share exchange, business combination, issuance of securities, direct or indirect acquisition of securities, tender offer, exchange offer or other similar transaction as a result of which the persons that beneficially owned, directly
or indirectly, the shares of BioMarin’s voting stock immediately prior to such transaction cease to beneficially own, directly or indirectly, shares of voting stock representing more than fifty percent (50%) of the total voting power of all
outstanding classes of voting stock of BioMarin or the continuing or surviving corporation if BioMarin is not the continuing or surviving corporation in such transaction, or (ii) a sale of all or substantially all of the assets of BioMarin.

  

	2.	Plan Eligibility 

  
 You will be eligible to participate in the Plan if (i) BioMarin classifies you as a full-time employee of the Company for payroll tax purposes, regardless
of whether or not that classification is correct; (ii) Section 3 does not make you ineligible for benefits; and (iii) at the time you are notified of your termination of employment, you are classified by the Company as an active employee and you are
not classified by the Company as being in one or more of the following ineligible categories: 
  

	 	(a)	Foreign Employees, i.e., persons who are not on a U.S. payroll of the Company. 

  

	 	(b)	Leased Employees, i.e., persons who are the Company’s leased employees, within the meaning of Internal Revenue Code Section 414(n). 

  

	 	(c)	Ineligible Bargaining Unit Employees, i.e., persons who are working under a collective bargaining agreement that does not provide for their Plan participation.

  

	 	(d)	Persons Waiving Participation, i.e., persons to whom the Company did not extend the opportunity of participating in this Plan and who agreed orally or in writing to
such non-participant status. 

  

	 	(e)	Persons on Indefinite Unpaid Leaves of Absence, i.e., persons who are absent from work on indefinite unpaid leaves of absence expected to exceed thirty days, except
leaves during which regular pay continues or to the extent eligibility is required by applicable law. 

  

	 	(f)	Persons Discharged for Cause, i.e., persons whose employment is terminated for Cause, as determined by the Plan Administrator in its sole discretion
based on the following types of misconduct: 

  

	 	(i)	willful and repeated failure to comply with the Company’s written policies or lawful directives on material business matters; 

  

 2 

	 	(ii)	willful statements or conduct reflecting adversely on the Company and causing (or reasonably likely to cause) injury to the reputation, business or business relationships of the
Company; or 

  

	 	(iii)	illegal conduct, gross misconduct or, dishonesty, in each case which is willful and results (or is reasonably likely to result) in material damage to the Company.

  

	 	(g)	The Chief Executive Officer of the Company. 

  

	3.	Benefit Ineligibility 

  

	 	(a)	Voluntary Termination 

  
 Even if you are on notice of your impending termination of employment, you will not be eligible for benefits under this Plan if the Plan Administrator
determines, in its sole discretion, that your employment terminated due to Cause, your retirement, your death, your disability, or your resignation (even if you felt compelled to resign) other than under the circumstances set forth in Section 4(a)
below. 
  

	 	(b)	Changed Decisions 

  
 The Company has the right to cancel a pending termination of your employment at any time before you terminate employment. You will not be eligible for
severance benefits under this Plan if your termination is canceled. 
  

	 	(c)	Successor Employment, and Comparable Employment 

  
 Except as otherwise specifically provided in Section 4(a), you will not be entitled to severance benefits under this Plan, if the Plan Administrator
determines, in its sole discretion, that a Successor Employer has offered you an Equivalent or Better Position to commence promptly following your termination of employment with the Company, whether you accept the position or not. A
“Successor Employer” is: 
  

	 	(1)	any entity that assumes operations or functions formerly carried out by the Company (such as the buyer of a facility or any entity to which a Company operation or function has been
outsourced); 

  

	 	(2)	any affiliate of the Company; or 

  

	 	(3)	any entity making the job offer at the request of the Company (such as a joint venture of which the Company or an affiliate is a member). 

  
 “Equivalent or Better Position” means employment that
does not involve either (i) a material reduction in your compensation or benefits, (ii) a relocation, without your written consent, of your principal worksite to a place more than thirty miles from its location immediately before the relocation, or
(iii) a material reduction in responsibilities or support. 
  

 3 

	 	(d)	Transition Assistance 

  
 You will not be entitled to benefits under this Plan unless you satisfy all transition assistance requests of the Company to the Company’s
satisfaction, such as aiding in the location of files, preparing accounting records, returning all Company property in your possession, or repaying any amounts you owe the Company. 
  

	4.	Severance Benefits 

  

	 	(a)	Change of Control Severance Benefit 

  
 (1) Eligibility. You are entitled to receive severance benefits under this Section 4(a) if the Plan Administrator determines that –

  

	 	(i)	your employment with the Company terminated without Cause both while you are eligible for the Plan based on the conditions set forth in Sections 2 and 3 above, and on
or within 12 months after a Change of Control, and 

  

	 	(ii)	you have irrevocably and properly executed the Release form prescribed by the Plan Administrator, you have filed the Release with the Plan Administrator within the time period the
Plan Administrator prescribes, and the Release is enforceable in all respects. 

  
 (2) Nature of Severance Benefits. Attached as Exhibit A is a schedule entitled Change of Control Specifications (“Specifications”) that provides guidelines according to
which the Plan Administrator shall determine the severance benefits that the Company will pay under this Section 4(a) of the Plan. The Plan Administrator will apply the Specifications to you (either individually or as a member of a class of eligible
employees) with attention to three primary factors: the impact of the Change of Control on your future employment, your position with the Company prior to the Change of Control and your rights under any separate written agreement with the Company.
Furthermore, the Plan Administrator shall apply the Specifications and the foregoing factors according to the following three scenarios relating to your future employment with a Successor Employer (as determined by BioMarin): 
  

	 	•	 	CASE 1: You are Offered An Equivalent Or Better Position 

  

	 	•	 	CASE 2: You are Offered A Position That Is Not An Equivalent Or Better Position 

  

	 	•	 	CASE 3: You Are Not Offered A Position. 

  
 In accordance with the Specifications, the Plan Administrator shall determine your Plan benefits depending in part on your classification between the
following five classes of employees (as determined by BioMarin): 
  

	 	•	 	Senior Vice Presidents 

  

	 	•	 	Vice Presidents 

  

	 	•	 	Directors (including Senior and Associate Directors) 

  

 4 

	 	•	 	Managers and Senior Managers 

  

	 	•	 	All Other Employees 

  
 Nevertheless, the Company’s use of title designations to determine benefit levels is not an absolute system. BioMarin, acting through its CEO, may
accordingly elect in its settlor capacity to place certain personnel in a different classification based on the vulnerability of each person’s position to elimination in the event of a Change of Control. The CEO will make such determinations,
on a case-by-case basis, and will advise any affected employee of any adjustment to their classification for the purposes of the Plan. 
  
 In the case where you are not offered any position by the Successor Employer, or you decline an offer for a position that is not an Equivalent or Better
Position, you are entitled to receive the most favorable benefits that the Specifications set forth for Participants. (This also applies if you are not offered an Equivalent or Better Position, accept the position offered, and are involuntarily
terminated during the following twelve months for reasons other than Cause.) 
  
 If you become entitled to collect severance benefits under this Section 4(a), you will receive the following severance benefits (subject to any reduction required under subsection (4) hereof): 
  

	 	(i)	a lump sum cash severance payment based on the Specifications and your most recent annual salary and position within the Company; and 

  

	 	(ii)	100% vesting in your right to exercise any outstanding stock options. 

  
 Additionally: if BioMarin classifies you as a Manager or above, you will receive employer-paid continuation of group medical insurance coverage per the
Specifications; if BioMarin classifies you as a Vice President or above, you will also receive a bonus payment computed per the Specifications. 
  
 Notwithstanding any other provision above, if you are entitled to collect severance-related benefits under any separate written agreement with the
Company, the Plan Administrator shall have the discretion to reduce your benefits under this Plan, on a category-by-category basis, to the extent necessary to avoid your receipt of duplicate benefits. Any such comparisons and reductions shall not
occur on an aggregate basis and shall instead be determined by separately comparing the cash severance amounts, the terms under which the vesting of stock options accelerates, and the terms under which the Participant is entitled to continue to
receive employer-paid group medical insurance coverage as provided in this Plan to the respective benefits provided under the separate written agreement. For the avoidance of doubt, in no event will this Plan limit or reduce the benefits to be
received by you pursuant to any separate written agreement with the Company. 
  
 (3) Accelerated Vesting of Stock Options. Even if the Plan Administrator determines that you are not entitled to collect severance benefits under this Section 4(a), you will become 100% vested in your right to
exercise any outstanding stock options provided the Plan Administrator determines that – 
  

	 	(i)	you are eligible for the Plan based on the conditions set forth in Section 2 (applied as if your employment terminates on the date of the Change of Control), and

  

 5 

	 	(ii)	you have elected to accept a position with a Successor Employer, whether or not it is for an Equivalent or Better Position than the one you held prior to the Change of Control.

  
 (4) Golden Parachute Limit on Benefits.
Notwithstanding any other provision of this Section, the Specifications, or the Plan, the Plan Administrator shall reduce your Plan benefits in any manner necessary to avoid your receipt of any benefits that would, in the Plan Administrator’s
sole and absolute discretion, either constitute “excess parachute payments” within the meaning of Internal Revenue Code Section 280G (and the most recent regulations issued thereunder), or cause any other amounts or benefits to be excess
parachute payments. If you receive an amount in excess of the limitations set forth in Section 280G, you agree to repay the excess amount to the Company upon demand, with interest at the rate provided for in Internal Revenue Code Section
124(b)(2)(B). You further agree to cooperate with the Company in connection with any administrative or judicial proceeding concerning the existence or amount of any excess parachute payments. 
  

	 	(b)	Discretionary Severance Benefit 

  
 Benefits will become payable to you in accordance with the policy attached as Exhibit B if (i) your employment with the Company terminates
before a Change of Control, (ii) the Company provides you with a written notice stating that the termination of your employment will entitle you to collect Plan benefits, and (iii) you irrevocably execute the Release form prescribed by the Plan
Administrator, you file the Release with the Plan Administrator within the time period that the Plan Administrator prescribes, and the Release is enforceable in all respects. 
  

	5.	Reemployment 

  
 If you are re-employed by the Company or a Successor Employer while benefits are still payable under the Plan, all such benefits will cease, except as
otherwise specified by BioMarin or the Successor Employer, as the case may be. If you receive benefits after your eligibility ceases under the Plan due to reemployment, you must promptly repay any such benefits. By accepting benefits under the Plan,
you agree to furnish all information, such as copies of your federal income tax returns with attachments, that the Plan Administrator requests for purposes of confirming your employment status. 
  

	6.	Taxes 

  
 Taxes will be withheld from benefits under the Plan to the extent required by law. 
  

	7.	Relation to Other Plans 

  
 Any prior severance or similar plan of the Company that might apply to you is hereby revoked as to you while you are eligible for Plan benefits. Benefits
under this Plan will not be counted as “compensation” for purposes of determining benefits under any other benefit plan, pension plan, or similar arrangement. All such plans or similar arrangements, to the extent inconsistent with this
Plan, are hereby so amended. 
  

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	8.	Amendment or Termination 

  
 BioMarin, acting through its Board of Directors and chief executive officer, has the right, in its nonfiduciary settlor capacity, to amend the Plan or to
terminate it at any time, prospectively or retroactively, for any reason, without notice, including to discontinue or eliminate benefits. The Plan Administrator also has the right to amend the Plan, as elsewhere provided in the Plan. No person has
any vested right to benefits under this Plan prior to actually collecting them. The Company may amend the Plan to provide greater or lesser benefits to particular employees by sending affected employees a letter or other notice setting forth the
applicable benefit modification. 
  
 Notwithstanding the
discretion reserved for the Board of Directors in the preceding paragraph, any amendment or termination of the Plan that occurs in contemplation of a Change of Control, in connection with a Change in Control, or within two years after a Change of
Control shall only apply to those Participants who (i) consent individually and in writing to the amendment or termination, or (ii) are not adversely affected by such amendment or termination. Any Plan decision or interpretation that is made either
during the period of time described in the preceding sentence or pursuant to this paragraph shall be subject to judicial review under a de novo standard, and not under the arbitrary and capricious standard that is generally intended to apply (and
shall apply) to all other Plan decisions and interpretations. 
  

	9.	Claims Procedures 

  

	 	(a)	Claims Normally Not Required 

  
 Normally, you do not need to present a formal claim to receive benefits payable under this Plan. 
  

	 	(b)	Disputes 

  
 If any person (Claimant) believes that benefits are being denied improperly, that the Plan is not being operated properly, that fiduciaries of the Plan
have breached their duties, or that the Claimant’s legal rights are being violated with respect to the Plan, the Claimant must file a formal claim with the Plan Administrator. This requirement applies to all claims that any Claimant has with
respect to the Plan, including claims against fiduciaries and former fiduciaries, except to the extent the Plan Administrator determines, in its sole discretion, that it does not have the power to grant all relief reasonably being sought by the
Claimant. 
  

	 	(c)	Time for Filing Claims 

  
 A formal claim must be filed within 90 days after the date the Claimant first knew or should have known of the facts on which the claim is based, unless
the Plan Administrator in writing consents otherwise. 
  

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	 	(d)	Procedures 

  
 The Plan Administrator has adopted the procedures attached as Exhibit C for considering claims, which it may amend from time to time, as it sees
fit. These procedures shall comply with all applicable legal requirements. The right to receive benefits under this Plan is contingent on a Claimant using the prescribed claims procedures to resolve any claim. Therefore, if a Claimant (or his or her
successor or assign) seeks to resolve any claim by any means other than the prescribed claims provisions, he or she must repay all benefits received under this Plan and shall not be entitled to any further Plan benefits. 
  

	10.	Plan Administration 

  

	 	(a)	Discretion 

  
 The Plan Administrator is responsible for the general administration and management of the Plan and shall have all powers and duties necessary to fulfill
its responsibilities, including, but not limited to, the discretion to interpret and apply the Plan and to determine all questions relating to eligibility for benefits. The Plan shall be interpreted in accordance with its terms and their intended
meanings. However, the Plan Administrator and all Plan fiduciaries shall have the discretion to interpret or construe ambiguous, unclear, or implied (but omitted) terms in any fashion they deem to be appropriate in their sole discretion, and to make
any findings of fact needed in the administration of the Plan. The validity of any such interpretation, construction, decision, or finding of fact shall not be given de novo review if challenged in court, by arbitration, or in any other forum, and
shall be upheld unless clearly arbitrary or capricious. 
  

	 	(b)	Finality of Determinations 

  
 All actions taken and all determinations made in good faith by the Plan Administrator or by Plan fiduciaries will be final and binding on all persons
claiming any interest in or under the Plan. To the extent the Plan Administrator or any Plan fiduciary has been granted discretionary authority under the Plan, the Plan Administrator’s or Plan fiduciary’s prior exercise of such authority
shall not obligate it to exercise its authority in a like fashion thereafter. 
  

	 	(c)	Drafting Errors 

  
 If, due to errors in drafting, any Plan provision does not accurately reflect its intended meaning, as demonstrated by consistent interpretations or other
evidence of intent, or as determined by the Plan Administrator in its sole discretion, the provision shall be considered ambiguous and shall be interpreted by the Plan Administrator and all Plan fiduciaries in a fashion consistent with its intent,
as determined in the sole discretion of the Plan Administrator. The Plan Administrator shall amend the Plan retroactively to cure any such ambiguity. 
  

	 	(d)	Fiduciary Disclosure Authority 

  
 No Plan fiduciary shall have the authority to answer questions about any pending or final business decision of the Company or any affiliate that has not
been officially announced, to make disclosures about such matters, or even to discuss them, and no person shall rely on any unauthorized, unofficial disclosure. Thus, before a decision is officially announced, no fiduciary is authorized to tell any
person, for example, that he or she will or will not be terminated or that 
  

 8 

 the Company will or will not offer severance benefits in the future. Nothing in this subsection shall preclude any
fiduciary from fully participating in the consideration, making, or official announcement of any business decision. 
  

	 	(e)	Scope 

  
 This Section may not be invoked by any person to require the Plan to be interpreted in a manner inconsistent with its interpretation by the Plan
Administrator or other Plan fiduciaries. 
  

	11.	Costs, Indemnification, and Reimbursement of Litigation Expenses 

  

	 	(a)	Costs and Indemnification 

  
 All costs of administering the Plan and providing Plan benefits will be paid by the Company, with one exception: Any expenses (other than arbitrator fees)
incurred in resolving disputes with multiple Claimants concerning their entitlement to the same benefit may be charged against the benefit, which will be reduced accordingly. To the extent permitted by applicable law and in addition to any other
indemnities or insurance provided by the Company, the Company shall indemnify and hold harmless its (and its affiliates’) current and former officers, Directors, and employees against all expenses, liabilities, and claims (including legal fees
incurred to defend against such liabilities and claims) arising out of their discharge in good faith of their administrative and fiduciary responsibilities with respect to the Plan. Expenses and liabilities arising out of willful misconduct will not
be covered under this indemnity. 
  

	 	(b)	Reimbursement of Participants for Certain Litigation Expenses 

  
 In the event that, at any time on or after a Change of Control, a participant substantially prevails over the Company or any successor to its interests in
any dispute that arises between the participant and the Company or its successor with respect to the terms or interpretation of this Plan, whether instituted by formal legal proceedings or otherwise (including any action that the individual takes to
enforce the terms of this Plan or to defend against any action taken by the Company), the Company shall reimburse the individual for all costs and expenses, including reasonable attorneys’ fees, arising from such dispute, proceedings, or
actions. Such reimbursement will however be subject to proof of such costs and expenses being provided 
  

	12.	Limitation on Employee Rights 

  
 This Plan shall not give any employee the right to be retained in the service of the Company or interfere with or restrict the right of the Company to
discharge or retire the employee. 
  

	13.	Governing Law 

  
 This Plan is a welfare plan subject to ERISA, and it shall be interpreted, administered, and enforced in accordance with that law. To the extent that
state law is applicable, the statutes and common law of the State of California (excluding any that mandate the use of another jurisdiction’s laws) shall apply. 
  

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	14.	Miscellaneous 

  
 Where the context so indicates, the singular will include the plural and vice versa. Titles are provided herein for convenience only and are not to serve
as a basis for interpretation or construction of the Plan. Unless the context clearly indicates to the contrary, a reference to a statute or document shall be construed as referring to any subsequently enacted, adopted, or executed counterpart.

  

	15.	Statement of ERISA Rights 

  
 The following information required by ERISA is furnished by the Plan Administrator. 
  
 General Plan Information 
  

			
	Name of Plan:	  	BioMarin Pharmaceutical Inc. Severance Plan
		
	Plan Administrator’s Name:	  	BioMarin Pharmaceutical Inc.
		
	Address and Phone Number:	  	 371 Bel Marin Keys Boulevard,
 Suite 210, Novato,
California 94949
 Telephone: (415) 884-6700

		
	Employer Identification Number assigned by IRS:	  	68-0397820
		
	Plan Number of the Plan:	  	5    
		
	Type of Plan:	  	Severance Pay Plan
		
	Type of Administration:	  	Employer Administration
		
	Name and Address of Registered Agent for Service of Legal Process	  	Plan Administrator
		
	Source of Contribution to the Plan:	  	General assets of BioMarin Pharmaceutical Inc.
		
	Funding Medium:	  	General assets of BioMarin Pharmaceutical Inc.
		
	Plan Fiscal Year Ends On:	  	December 31st

  

	 	(a)	Plan Modification, Amendment, And Termination 

  
 The Plan Administrator has the right to amend or terminate the Plan at any time in accordance with Section 8. The consent of any employee or participant
is not required to terminate, modify, amend, or change the Plan. 
  

 10 

	 	(b)	Your Rights under ERISA 

  
 As a participant in the Plan, you are entitled to certain rights and protections under ERISA. Your rights include the following: 
  

	 	(1)	Right to Examine Plan Documents: 

  
 You have the right to examine all plan documents, including the annual reports and plan descriptions filed with the U.S. Department of Labor. The Plan
Administrator will tell you where the plan documents are available for examination. There will be no charge for examining plan documents. 
  

	 	(2)	Right to Obtain Copies of Plan Documents: 

  
 You have the right to obtain copies of all plan documents. You should make your request in writing to the Plan Administrator. There may be a reasonable
charge for the copies. 
  

	 	(3)	Right to Written Explanation of Denial: 

  
 If your claim for benefits under the plan is denied in whole or in part, you must be given a written explanation of the reason for denial. 
  

	 	(4)	Right to Review: 

  
 You have the right to request a review and reconsideration of any denial of your claim for plan benefits. 
  

	 	(5)	Other ERISA Rights: 

  
 You can protect your rights under ERISA. For example, ERISA gives you the right to file suit in a state or federal court if your claim for benefits under
the Plan is denied or ignored. You can also file suit in a federal court if you request plan documents and do not receive them within 30 days. In such a case, the court will require the Plan Administrator to give you the plan documents you
requested. In some cases, the court could also require the Plan Administrator to pay you up to $110 a day until you receive the requested materials. 
  
 ERISA gives you rights and protections. ERISA also imposes special obligations on the people (called “fiduciaries”) who operate this employee
benefit plan. The fiduciaries have a duty to protect the Plan’s money and the interests of plan participants. The named fiduciary is BioMarin Pharmaceutical Inc. ERISA prohibits anyone from discriminating against you in any way to prevent you
from receiving a plan benefit or from exercising your rights under ERISA. 
  
 If you believe that the fiduciaries have misused the Plan’s money, or that you have been discriminated against for asserting your rights, you can ask for help from the U.S. Department of Labor. You can also file
suit in a federal court. If you file a suit, the court will decide who must pay the court costs and legal fees. If your suit is successful, the court may require the fiduciary to pay those costs and fees. 
  
 If you have any questions about the Plan, you should contact the Plan
Administrator. 
  
  

 11 

 If you have any questions about this statement of your rights under ERISA, you should contact the nearest
office of the Employee Benefits Security Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S. Department of Labor, 200
Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of the Employee Benefits Security Administration. 
  
 Adopted and Approved 
  
 BIOMARIN PHARMACEUTICAL INC. 
  

					
	By:	 	 /s/ Louis Drapeau

	  	                             3/23/05

	 	 	Signature	  	Date                    
			
	Title:	 	 Louis Drapeau

	  	 
	 	 	Chief Executive Officer	  	 

  
  

 12 

 BIOMARIN PHARMACEUTICAL INC. 
  
 Severance Plan 
 and 
 Summary Plan Description 
  
 Exhibit A 
  
 Change of Control Specifications  

																	
	 Upon a Change of Control, 100% of all unvested stock options will automatically vest for all active employees. In
addition, all active
employees will be eligible to receive the benefits specified below.
  

	 	  	 	  	CASE 1

	  	CASE 2

	 	CASE 3

	  	  	 Employee Is
Offered an
 Equivalent or
 Better Position

	  	Employee Is Offered a Less Than Equivalent Position,

	 	Employee is Not
Offered a Position

	  	  	  	and Accepts the Position,

	  	and Declines the
Position

	 
	  	  	  	 and Stays in
 That Position for
 Twelve Months

	  	and
Voluntarily
Terminates in
the First
Twelve
Months

	  	and Is Involuntarily Terminated
in the First Twelve Months,

	  	 
	  	  	  	  	  	 For Reasons
 Other Than for
 Cause

	 	for Cause

	  	 
	Senior Vice Presidents	  	 Base Salary
 Benefits Continuation
 Bonus
	  	None
None
None	  	None
None
None	  	None
None
None	  	12 months
12 months
See Note (9) below	 	None
None
None	  	12 months
12 months
See Note (9) below	 	12 months
12 months
See Note (9) below
	Vice Presidents	  	 Base Salary
 Benefits Continuation
 Bonus
	  	None
None
None	  	None
None
None	  	None
None
None	  	10.5 months
10.5 months
See Note (9) below	 	None
None
None	  	12 months
12 months
See Note (9) below	 	12 months
12 months
See Note (9) below
	Directors, Sr. Directors & Associate Directors	  	 Base Salary
 Benefits Continuation
 Bonus
	  	None
None
None	  	None
None
None	  	None
None
None	  	9 months
9 months
None	 	None
None
None	  	9 months
9 months
None	 	9 months
9 months
None
	Managers & Senior Managers	  	 Base Salary
 Benefits Continuation
 Bonus
	  	None
None
None	  	None
None
None	  	None
None
None	  	6 months
6 months
None	 	None
None
None	  	6 months
6 months
None	 	6 months
6 months
None
	All Other Employees	  	 Base Salary
 Benefits Continuation
 Bonus
	  	None
None
None	  	None
None
None	  	None
None
None	  	As per BioMarin
Severance Policy
None
None	 	None
None
None	  	As per BioMarin
Severance Policy
None
None	 	As per BioMarin
Severance Policy
None
None

	NOTES:	

	(1)	The terms outlined above are guidelines. The CEO may move a given individual into a higher Group to compensate for, for example, greater vulnerability to a CoC.

	(2)	Salary and bonus payments are lump sum payments at the time of the CoC, and are in lieu of any other severance pay. 

	(3)	All payments made by the Company are on a before-tax basis, and are not grossed up to cover any federal, state, or local income or excise taxes imposed. 

	(4)	The term “vest” is used here to mean that all subsequent waiting requirements are waived. 

	(5)	Options vest on the effective date of the CoC. 

	(6)	If the BioMarin Annual Cash Bonus Plan is modified or expanded, this policy will be modified accordingly. 

	(7)	Base salary payments as described above exclude discretionary bonuses. 

	(8)	Continued benefits are limited to life, medical and dental insurance. 

	(9)	The bonus is based on the greater of the actual bonus paid for the prior calendar year or the target bonus for the current calendar year. 

  

 2 

 BIOMARIN PHARMACEUTICAL INC. 
  
 Severance Plan 
 and 
 Summary Plan Description 
  
 Exhibit B 
  
 Employee Severance Policy 
  
 To the extent that an employee is eligible for severance benefits under Section 4(b) above, the Company will pay such benefits generally according to the following
formula: 
  
 1⁄2 week of base salary for each
complete year of service but no less than two weeks of base salary 
  
 provided
that the Company may pay such greater or lesser benefit as it deems appropriate on a case-by-case basis. 
  
  

 BIOMARIN PHARMACEUTICAL INC. 
  
 Severance Plan 
 and 
 Summary Plan Description 
  
 Exhibit C 
  
 Detailed Claims Procedures 
  

	1.	Claims Procedure 

  

	 	(a)	Initial Claims 

  
 All claims shall be presented to the Plan Administrator in writing. Within 90 days after receiving a claim, a claims official appointed by the Plan
Administrator shall consider the claim and issue his or her determination thereon in writing. The claims official may extend the determination period for up to an additional 90 days by giving the Claimant written notice. The initial claim
determination period can be extended further with the consent of the Claimant. Any claims that the Claimant does not pursue in good faith through the initial claims stage shall be treated as having been irrevocably waived. 
  

	 	(b)	Claims Decisions 

  
 If the claim is granted, the benefits or relief the Claimant seeks shall be provided. If the claim is wholly or partially denied, the claims official
shall, within 90 days (or a longer period, as described above), provide the Claimant with written notice of the denial, setting forth, in a manner calculated to be understood by the Claimant: 
  
 (1) the specific reason or reasons for the denial; 
  
 (2) specific references to the provisions on which the denial is based;

  
 (3) a description of any additional material or information
necessary for the Claimant to perfect the claim, together with an explanation of why the material or information is necessary; and 
  
 (4) an explanation of the procedures for appealing denied claims. 
  

If the Claimant can establish that the claims official has failed to respond to the claim in a timely manner, the Claimant may treat the claim as
having been denied by the claims official. 

	 	(c)	Appeals of Denied Claims 

  
 Each Claimant shall have the opportunity to appeal the claims official’s denial of a claim in writing to an appeals official appointed by the Plan
Administrator (which may be a person, committee, or other entity). A Claimant must appeal a denied claim within 60 days after receipt of written notice of denial of the claim, or within 60 days after it was due if the Claimant did not receive it by
its due date. The Claimant (or his or her duly authorized representative) may review pertinent documents in connection with the appeals proceeding and may present issues and comments in writing. The Claimant may present only the evidence and
theories during the appeal that the Claimant presented during the initial claims stage, except for information the claims official may have requested the Claimant to provide to perfect the claim. Any claims that the Claimant does not pursue in good
faith through the appeals stage, such as by failing to file a timely appeal request, shall be treated as having been irrevocably waived. 
  

	 	(d)	Appeals Decisions 

  
 The decision by the appeals official shall be made not later than 60 days after the written appeal is received by the Plan Administrator, unless special
circumstances require an extension of time, in which case a decision shall be rendered as soon as possible, but not later than 120 days after the appeal was filed, unless the Claimant agrees to a further extension of time. The appeal decision shall
be in writing, shall be set forth in a manner calculated to be understood by the Claimant, and shall include: 
  
 (1) the specific reasons for the decision; 
  
 (2) specific references to the Plan provisions on which the decision is based, if applicable; 
  
 (3) a statement that the Claimant is entitled to receive, on request and free
of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claim for benefits; and 
  
 (4) information concerning the Claimant’s right to bring a civil action for benefits under ERISA Section 502(a) 
  
 If a Claimant does not receive the appeal decision by the date it is due, the
Claimant may deem his or her appeal to have been denied. 
  

	 	(e)	Procedures 

  
 The Plan Administrator shall adopt procedures by which initial claims shall be considered and appeals shall be resolved; different procedures may be
established for different claims. All procedures shall be designed to afford a Claimant full and fair consideration of his or her claim, and to conform with Labor Regulation 2560.503-1, and any successor regulation. 
  

 2Share Pledge Agreement, dated August 11, 2004

 Exhibit 4.20 
  
 BY AND BETWEEN 
  
 CENG DONG YI (BEIJING) TECHNOLOGY COMPANY 
  
 LIMITED 
  
 AND 
  
 DU YING SHUANG 
  

  
 SHARE PLEDGE AGREEMENT 
  

  
 this
             day of              2004 
  

 1 

 SHARE PLEDGE AGREEMENT 
  
 This Share Pledge Agreement (this “Agreement”) is executed this
             day of              , 2004 by and between: 
  
 Pledgee: CENG DONG YI (BEIJING) TECHNOLOGY COMPANY LIMITED

  
 Registered Address: Room 726, No.10 Hong Da Bei Road, Beijing Economic
Technology Development Zone, Beijing. 
  
 AND 
  
 Pledgor: Du Ying Shuang 
  
 Gender: Female 
 PRC Identity Card Number:
11010119740914152X 
 Address: A2, North Guan Ting, Bei Xiiao Jie Huo Kou, Dongcheng District, Beijing. 
  
 In this Agreement the above Pledgee and Pledgor shall be referred to individually as a
“Party” and collectively as the “Parties”. 
  
 WHEREAS,

  

	1.	The Pledgor is a citizen of the People’s Republic of China ( the “PRC”) and owns 51% shares of Beijing LingXun Interactive Science Technology and Development Company
Limited (“LingXun Interactive”) which is a company established by domestic investors and registered in Beijing, PRC for providing value-added telecom business and computer software development. 

  

	2.	The Pledgee is a wholly foreign-invested company registered in Beijing, PRC and has been licensed by the relevant governmental authorities of PRC to provide technological consulting
and services. The Pledgee and LingXun Interactive owned by the Pledgor entered into an Exclusive Technical and Consulting Services Agreement (the “Service Agreement”) on August 11, 2004. 

  

	3.	In order to ensure that the Pledgee is able to collect technology consultancy service fees from LingXun Interactive owned by the Pledgor, the Pledgor is willing to pledge all his
equity interest owned in LingXun Interactive to the Pledgee as a security for such service fees under the Service Agreement. 

  

 2 

 For the purpose of performing the Service Agreement, the Pledgor and the Pledgee hereby mutually agree to enter into this
Agreement as per the following terms: 
  
 1. Definitions 
  
 Unless otherwise provided in this Agreement, the following terms shall have the following
meanings: 
  

	 	1.1	“Pledge” means the full content set forth in Article 2 hereunder 

  

	 	1.2	“Equity Interest” means the 51% shares legally held by the Pledgor in LingXun Interactive. 

  

	 	1.3	“Pledge Ratio” means the proportion between the value of the Equity Interest pledged under this Agreement and the consultancy service fees under the Service Agreement.

  

	 	1.4	“Pledge Term” means the term set forth in Article 3.2 hereunder. 

  

	 	1.5	“Service Agreement” means the Exclusive Technology and Consultancy Cooperation Agreement concluded by and between LingXun Interactive and the Pledgee on August 11, 2004.

  

	 	1.6	“Events of Default” means any event set forth in Article 7 hereunder. 

  

	 	1.7	“Notice of Default” means the notice to announce the event of default issued by the Pledgee in accordance with this Agreement. 

  
 2. Pledge of Equity Interest and Pledge 
  
 The Pledgor agrees to pledge all his Equity Interest owned in LingXun Interactive to the
Pledgee as a security for the payment of the service fees to be paid to the Pledgee by LingXun Interactive pursuant to the Service Agreement. The Pledge under this Agreement means the priority right of the Pledgee to be paid from the monies of
conversion, auction, or sale of the Equity Interest pledged to the Pledgee by the Pledgor. 
  
 3. Pledge Ratio and Pledge Term 
  

	 	3.1	Pledge Ratio 

  
 The Pledge Ratio of Pledge shall be approximately 100%. 
  

	 	3.2	Pledge Term 

  

	 	3.2.1	The Pledge of the Equity Interest under this Agreement shall take effect as of the date at which the shares pledged under this Agreement are recorded in the Register of Shareholders
of LingXun Interactive. The Pledge under this Agreement shall have the same term as the Service Agreement. 

  

 3 

	 	3.2.2	The Pledgee is entitled to dispose of the Pledge hereunder if LingXun Interactive fails to pay the technology consultancy service fees to the Pledgee subject to the Service
Agreement during the Pledge. 

  
 4. Physical Possession of
Documents 
  

	 	4.1	During the Pledge Term set forth in this Agreement, the Pledgor shall, within one week from the date hereof, deliver the Certificate of Contribution to the Equity Shares and the
Register of Shareholders in LingXun Interactive to the Pledgee for its physical possession. 

  

	 	4.2	The Pledgee shall be entitled to collect the dividends from the Equity Interest. 

  
 5. Representations and Warranties by the Pledgor 
  

	 	5.1	The Pledgor is the legal owner of the Equity Interest. 

  

	 	5.2	The Pledgee’s rights shall be in no event interfered by any other party once the Pledgee exercises such rights in accordance with this Agreement. 

  

	 	5.3	The Pledgee shall be entitled to dispose of or assign the Pledge in accordance with the methods set forth in this Agreement. 

  

	 	5.4	No other pledge has ever been made on the Equity Interest other than the Pledgee. 

  
 6. Covenants by the Pledgor 
  

	 	6.1	During the effective term of this Agreement, the Pledgor undertakes to the Pledgee that the Pledgor shall: 

  

	 	6.1.1	not transfer the Equity Interests, create or permit to create any pledge which may have an adverse effect on the rights or interests of the Pledgee without prior written consent of
the Pledgee except for the transfer of the Equity Interest to Treasure Base Investments Ltd (“TBIL”) or the persons appointed by TBIL. pursuant to the Exclusive Share Purchase Agreement concluded by and between the Pledgor and TBIL on
August 11, 2004; 

  

	 	6.1.2	comply with and implement the provisions of laws and regulations with respect to the pledge of rights; present to the Pledgee the 

  

 4 

 notices, orders or suggestions with respect to the Pledge issued or made by the competent authorities
within five days upon receipt of such notices, orders or suggestions while abiding by such notices, orders or suggestions; or make argument and presentation against such items in accordance with the reasonable request of the Pledgee or approved by
the Pledgee; 
  

	 	6.1.3	timely notify the Pledgee of any events or any received notices which may affect the Pledgor’s Equity Interest or any part of its right, and any events or any received notices
which may change the Pledgor’s any covenant and obligation set forth in this Agreement or which may affect the Pledgor’s performance of his obligations under this Agreement. 

  

	 	6.2	The Pledgor agrees that the Pledgee’s right to exercise the Pledge obtained from this Agreement shall not be suspended or hampered by the legal proceedings brought by the
Pledgor or any successor to the Pledgor or any person authorized by the Pledgor or any other person. 

  

	 	6.3	The Pledgor warrants to the Pledgee that in order to protect or perfect the security over the payment of the technology consultancy service fees under the Service Agreement, the
Pledgor shall execute in good faith and cause other interested parties of the Pledge to execute all certificates of rights, contracts, and /or perform and cause other interested parties of the Pledge to take actions as required by the Pledgee and
provide assistance to the exercise of the rights and authorization by the Pledgee granted by this Agreement, and execute all the documents with respect to the changes of the Certificate of Equity Interest with the Pledgee or any person (natural
person/ legal person) designated by the Pledgee, and submit to the Pledgee all the notices, orders or decisions concerning the Pledge as deemed necessary by the Pledgee within a reasonable time. 

  

	 	6.4	The Pledgor warrants to the Pledgee that the Pledgor shall comply with and perform all the warranties, covenants, agreements, representations and conditions for the benefits of the
Pledgee. The Pledgor shall compensate for all the losses suffered by the Pledgee in the event that the Pledgor fails to perform or fully perform such warranties, covenants, agreements, representations and conditions. 

  
 7. Events of Default 
  

	 	7.1	The following events shall be deemed as the Events of default: 

  

	 	7.1.1	LingXun Interactive fails to make full payment of service fees due under the Services Agreement as scheduled; 

  

 5 

	 	7.1.2	The representations or warranties made in Article 5 hereof by the Pledgor are materially misleading or fraudulent, and/or the Pledgor violates any of the representations and
warranties in Article 5 hereof; 

  

	 	7.1.3	The Pledgor violates any of the covenants in Article 6 hereof; 

  

	 	7.1.4	The Pledgor violates any terms herein; 

  

	 	7.1.5	The Pledgor waives the pledged Equity Interest or transfers the pledged Equity Interest without prior written consent of the Pledgee except otherwise agreed in Article 6.1.1 hereof;

  

	 	7.1.6	Any loan, guarantee, compensation, covenants or any other liabilities of the Pledgor (1) are required to be repaid or performed prior to the scheduled date; or (2) are due but can
not be repaid or performed as scheduled, which causes the Pledgee to deem that the Pledgor’s capacity to perform the obligations herein is affected; 

  

	 	7.1.7	The Pledgor can not repay the general debt or other debt; 

  

	 	7.1.8	This Agreement becomes illegal or the Pledgor can not continue to perform the obligations herein due to the promulgation of any relevant laws; 

  

	 	7.1.9	Any approval, permit, license or authorization of the governmental authorities required by the enforceability, validity and effectiveness of this Agreement are withdrawn, suspended,
invalidated or materially amended; 

  

	 	7.1.10	Adverse changes of the Pledgor’s property occur and cause the Pledgee to deem that the capability of the Pledgor to perform the obligations herein is affected;

  

	 	7.1.11	LingXun Interactive’s successor or trustee can only perform part of or refuse to perform the payment liability under the Service Agreement; 

  

	 	7.1.12	Other circumstances where the Pledgee is incapable of exercising the right to dispose of the Pledge in accordance with the related laws. 

  

	 	7.2	The Pledgor shall immediately give a written notice to the Pledgee once he is aware of or find any event set forth in this Article 7.1 or upon occurrence of any event that may
result in the foregoing items. 

  

 6 

	 	7.3	Unless the Events of Default set forth in Article 7.1 hereof have been successful solved to the Pledgee’s satisfaction, the Pledgee may, at any time upon or after occurrence of
the Event of Default, give a written Notice of Default to the Pledgor requiring the Pledgor to immediately make full payment of the outstanding fees under the Service Agreement and other payment due or dispose of the Pledge in accordance with
Article 8 herein. 

  
 8 Exercise of the Right of the Pledge

  

	 	8.1	The Pledgor shall not transfer the Pledge without prior written consent of the Pledgee prior to the full repayment of the fees under the Service Agreement. 

 

	 	8.2	The Pledgee shall give a Notice of Default to the Pledgor before the exercise of the right of Pledge. 

  

	 	8.3	Subject to Article 7.3, the Pledgee may simultaneously exercise the right to dispose of the Pledge at the time when the Notice of Default is given in accordance with Article 7.3 or
may exercise such right after such Notice of Default is given. 

  

	 	8.4	The Pledgee shall be entitled to realize the priority right to be paid from the monies of conversion, auction or sale of whole or part of the Equity Interest pledged herein through
legal procedures until the outstanding fees under the Service Agreement and all other payment due are fully paid. 

  

	 	8.5	The Pledgor shall not prevent the Pledgee from disposing of the Pledge in accordance with this Agreement and shall give necessary assistance for the Pledgee to realize its Pledge.

  
 9 Assign 
  

	 	9.1	The Pledgor shall not be entitled to donate or assign his rights and obligations under this Agreement without prior consent of the Pledgee. 

  

	 	9.2	This Agreement shall be binding upon the Pledgor and his successor and shall be binding upon the Pledgee and its successor and assignee. 

  

	 	9.3	The Pledgee may at any time assign all or any rights and obligations under the Service Agreement to the designated person (natural person/ legal person). In this case, the assignee
shall, like one party to this Agreement, 

  

 7 

 have the same rights and undertake the same obligations herein as the Pledgee. In the event that the
Pledgee assigns the rights and obligations under the Service Agreement, the Pledgor shall, at the request of the Pledgee, sign relevant agreements and/or documents with respect to such assignment. 
  

	 	9.4	After the change of Pledge resulting from the assignment, the new parties to the pledge shall re-execute a pledge contract. 

  
 10. Termination 
  
 This Agreement shall not be terminated until the fees under the Service Agreement are fully paid and LingXun Interactive is not liable for
any obligations under the Service Agreement. The Pledgee shall cancel or terminate this Agreement within a reasonable time as soon as practicable. 
  
 11. Charges and Other Costs 
  

	 	11.1	The Pledgor shall be responsible for all the costs and actual expenses in relation to this Agreement, including but not limited to legal fees, cost of production, stamp tax and any
other taxes and costs. The Pledgee shall be fully reimbursed by the Pledgor for any taxes and fees paid by the Pledgee in accordance with the laws. 

  

	 	11.2	The Pledgor shall be responsible for all the fees (including but not limited to any taxes, charges, management fees, court fees, attorney’s fees, and various insurance premiums
concerning the disposal of the Pledge) incurred from the Pledgor’s failure to pay any due taxes, fees or charges pursuant to this Agreement or any other reasons for which the Pledgee has to recourse by any means. 

  
 12. Force Majeure 
  

	 	12.1	In case the performance of this Agreement is delayed or prevented by any force majeure event, the Party so affected may not assume any liability under this Agreement for such
performance so delayed or prevented. Force majeure event means any event that is beyond one Party’s reasonable control and whose occurrence is unavoidable and unpreventable regardless of reasonable care of the Party so affected, including but
not limited to government act, act of nature, fire, explosion, geographic change, storm, flood, earthquake, tide, lightning or war. However, any shortage of credit, capital or financing shall not be deemed as the event beyond one Party’s
reasonable control. The affected Party seeking for exemption from performing any obligations under this Agreement or under any Article hereof shall notify the other Party of such exemption promptly and advise the other Party of the actions to be
taken for completion of the performance. 

  

 8 

	 	12.2	The Party affected by Force Majeure shall not assume any liability under this Agreement provided, however, that the Party so affected has used its reasonable and practicable efforts
to perform this Agreement, the Party seeking for immunity may be exempted from performing such liability only to the extent of such performance so delayed or prevented. Once the causes for such immunity are corrected and remedied, the Parties agree
to resume performance hereunder with their best efforts. 

  
 13.
Settlement of Dispute 
  

	 	13.1	This Agreement shall be governed by and construed in accordance with the PRC law. 

  

	 	13.2	The Parties hereto shall strive to settle any dispute arising from the interpretation or performance hereof through friendly consultation. In case no settlement can be reached
through consultation, any Party may submit such dispute to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration. The arbitration shall be conducted in Chinese in Beijing pursuant to the CIETAC Rules. The
arbitral award shall be final and binding upon the Parties. 

  
 14. Notice 
  
 Any notice that is given by the
Party/Parties hereto for the purpose of performing the rights and obligations hereunder shall be in writing. Where such notice is delivered personally, the actual delivery time is regarded as notice time; where such notice is transmitted by telex or
facsimile, the notice time is the time when such notice is transmitted. If such notice does not reach the addressee on business date or reaches the addressee after the business time, the next business day following such date is the date of notice.
The delivery place shall be the addresses set forth above or the addresses notified in writing from time to time. The writing includes facsimile and telex. 
  
 15. Annexes 
  
 The annexes to this Contact constitute an integral part of this Agreement. 
  
 16. Effectiveness 
  

	 	16.1	This Agreement and any amendment, supplement or change hereto shall be in writing and shall come into effect upon being executed and sealed by the Parties hereto.

  

 9 

	 	16.2	This Agreement is written in Chinese with four counterparts. 

  
 Pledgee: CENG DONG YI (BEIJING) TECHNOLOGY COMPANY LIMITED 
  
 Authorized Representative: Xu Zhi Ming 
 Seal: 
  
 Pledgor: Du Ying Shuang 
  
 Signature: 
  

 10 

 Annexes: 
  

	1.	Register of Shareholders of Beijing LingXun Interactive Science Technology and Development Company Limited 

  

	2.	Certificate of Capital Contribution when establishing Beijing LingXun Interactive Science Technology and Development Company Limited 

  

	3.	Exclusive Technical and Consulting Services Agreement 

  

 11 

 Schedule to Exhibit 4.20 
  
 Pursuant to Rule 12b-31 under the Exchange Act of 1934, as amended, the following is a schedule of documents substantially
identical in all material respects except as to the parties thereto, the dates of execution, or other material details from the document filed as Exhibit 4.20. 
  

	Exhibit	4.20 Filed 

  

			
	Agreement:	  	Share Pledge Agreement
	Date:	  	August 11, 2004
	Pledgee:	  	Ceng Dong Yi (Beijing) Technology Company Limited
	Pledgor:	  	Du Ying Shuang
	Pledged asset:	  	 Pledgor’s 51% equity interest in Beijing LingXun Interactive Science
 Technology and Development Company Limited

  

	Agreements	Substantially Identical to Exhibit 4.20 and Omitted 

  

			
	Agreement:	  	Share Pledge Agreement
	Date:	  	September 26, 2003
	Pledgee:	  	Beijing Super Channel Network Limited
	Pledgor:	  	Wang Xiu Ling
	Pledged asset:	  	 Pledgor’s 70% equity interest in Beijing Lei Ting Wan Jun Network
 Technology Limited

		
	Agreement:	  	Share Pledge Agreement
	Date:	  	September 26, 2003
	Pledgee:	  	Beijing Super Channel Network Limited
	Pledgor:	  	Wang Lei Lei
	Pledged asset:	  	 Pledgor’s 20% equity interest in Beijing Lei Ting Wan Jun Network
 Technology Limited

		
	Agreement:	  	Share Pledge Agreement
	Date:	  	September 26, 2003
	Pledgee:	  	Beijing Super Channel Network Limited
	Pledgor:	  	Sheng Yong
	Pledged asset:	  	 Pledgor’s 30% equity interest in Beijing Lei Ting Wan Jun Network
 Technology Limited

		
	Agreement:	  	Share Pledge Agreement
	Date:	  	November 19, 2003
	Pledgee:	  	Puccini Network Technology (Beijing) Limited
	Pledgor:	  	Wang Lei Lei
	Pledged asset:	  	 Pledgor’s 80% equity interest in Beijing Lei Ting Wu Ji Network
 Technology Limited

			
	Agreement:	  	Share Pledge Agreement
	Date:	  	November 19, 2003
	Pledgee:	  	Puccini Network Technology (Beijing) Limited
	Pledgor:	  	Wang Xiu Ling
	Pledged asset:	  	 Pledgor’s 20% equity interest in Beijing Lei Ting Wu Ji Network
 Technology Limited

		
	Agreement:	  	Share Pledge Agreement
	Date:	  	August 11, 2004
	Pledgee:	  	Ceng Dong Yi (Beijing) Technology Company Limited
	Pledgor:	  	Sheng Yong
	Pledged asset:	  	 Pledgor’s 49% equity interest in Beijing LingXun Interactive Science
 Technology and Development Company Limited.

		
	Agreement:	  	Share Pledge Agreement
	Date:	  	September 23, 2004
	Pledgee:	  	Beijing Super Channel Network Limited
	Pledgor:	  	Du Ying Shuang
	Pledged asset:	  	 Pledgor’s 70% equity interest in Shenzhen Freenet Information
 Technology Company Limited

		
	Agreement:	  	Share Pledge Agreement
	Date:	  	November 19, 2004
	Pledgee:	  	Heng Dong Wei Xin (Beijing) Technology Company Limited
	Pledgor:	  	Liu Bing Hai
	Pledged asset:	  	 Pledgor’s 51% equity interest in Startone (Beijing) Information
 Technology Company Limited

		
	Agreement:	  	Share Pledge Agreement
	Date:	  	November 19, 2004
	Pledgee:	  	Heng Dong Wei Xin (Beijing) Technology Company Limited
	Pledgor:	  	Pu Dong Wan
	Pledged asset:	  	 Pledgor’s 49% equity interest in Startone (Beijing) Information
 Technology Company Limited

		
	Agreement:	  	Share Pledge Agreement
	Date:	  	December 13, 2004
	Pledgee:	  	Puccini Network Technology (Beijing) Limited
	Pledgor:	  	Fan Tai
	Pledged asset:	  	 Pledgor’s 20% equity interest in Beijing Lei Ting Wu Ji Network
 Technology Limited

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