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STRATEGIC ALLIANCE MASTER AGREEMENT

Strategic Alliance Agreement

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This Strategic Alliance Agreement involves

Abbott Laboratories | Abbott Molecular Inc | IBIS BIOSCIENCES, INC | Isis Pharmaceuticals, Inc | R Scott Falk, PC | STRATEGIC ALLIANCE

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Title: STRATEGIC ALLIANCE MASTER AGREEMENT
Governing Law: Delaware     Date: 5/12/2008
Industry: BIOTRX     Law Firm: Kirkland Ellis     Sector: HEALTH

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Exhibito 10.4

 

CONFIDENTIAL TREATMENT REQUESTED

 

EXECUTION VERSION

UNDER 17 C.F.R §§ 200.80(b)4, AND 240.24b-2

 

 

 

 

STRATEGIC ALLIANCE MASTER AGREEMENT

 

AMONG

 

IBIS BIOSCIENCES, INC.

 

ISIS PHARMACEUTICALS, INC.

 

AND

 

ABBOTT MOLECULAR INC.

 

 

January 30, 2008

 



 

TABLE OF CONTENTS

 

 

 

 

Page

Section 1.

 

Definitions

2

 

 

 

 

Section 2.

 

Financing Closing; Transaction Documents

11

 

 

 

 

Section 3.

 

Representations And Warranties.

12

3.1

 

Representations and Warranties of Ibis and Isis

12

 

 

(a)

Power and Authority

12

 

 

(b)

Enforceability

12

 

 

(c)

Governmental Authority; Consents

12

 

 

(d)

No Conflicts

13

 

 

(e)

Due Organization; Qualification

13

 

 

(f)

Subsidiaries

13

 

 

(g)

Capitalization; Voting Rights

14

 

 

(h)

Agreements; Liabilities

14

 

 

(i)

Obligations to Related Parties

15

 

 

(j)

Title to Properties and Tangible Assets; Liens, Etc.

15

 

 

(k)

Sufficiency of Assets

15

 

 

(l)

Intellectual Property

16

 

 

(m)

Compliance with Other Instruments

20

 

 

(n)

Litigation

20

 

 

(o)

Tax Matters

20

 

 

(p)

Employees

21

 

 

(q)

Compliance with Laws; Licenses

23

 

 

(r)

Environment, Health and Safety

24

 

 

(s)

Offering Valid

24

 

 

(t)

Financial Statements

25

 

 

(u)

Subsequent Events

25

 

 

(v)

Brokers’ Fees

26

 

 

(w)

Leased Real Property

27

 

 

(x)

Contracts

27

 

 

(y)

Insurance

28

 

 

(z)

Customers and Suppliers

28

 

 

(aa)

No Material Adverse Effect

28

 

 

(bb)

Names and Locations

28

 

 

(cc)

Directors, Officers and Bank Accounts

28

 

 

(dd)

Regulatory Filings

28

 

 

(ee)

Disclosure

29

3.2

 

Representations and Warranties of AMI

29

 

 

(a)

Power and Authority

29

 

 

(b)

Enforceability

29

 

 

(c)

Governmental Authority; Consents

29

 

 

(d)

No Conflicts

29

 

 

(e)

Due Organization; Qualification

29

 

i



 

 

 

(f)

Investment Representations

29

 

 

(g)

Transfer Restrictions

30

 

 

(h)

Legends

30

 

 

 

 

 

Section 4.

 

[Reserved.]

31

 

 

 

 

Section 5.

 

Confidentiality; Notice of Developments.

31

5.1

 

Disclosure and Use Restriction

31

5.2

 

Authorized Disclosure

31

5.3

 

Effect of Authorized Disclosure

32

5.4

 

Terms of Agreement

32

5.5

 

Exclusivity

32

5.6

 

Injunctive Relief

32

5.7

 

Press Release; Public Disclosure

33

5.8

 

Notice of Developments

33

 

 

 

 

 

Section 6.

 

[Reserved.]

33

 

 

 

 

 

Section 7.

 

Additional Agreements.

33

7.1

 

Survival

33

7.2

 

Indemnification

34

7.3

 

Affirmative Covenants of Ibis and Isis

35

 

 

(a)

Due Diligence

35

 

 

(b)

Ordinary Course

35

 

 

(c)

Consolidation of Ibis and Isis

36

7.4

 

Negative Covenants of Ibis and Isis

36

7.5

 

No Solicitation of AMI Employees

38

7.6

 

No Solicitation of Ibis or Isis Employees

38

7.7

 

No Solicitation of Ibis Employees

39

 

 

 

 

Section 8.

 

Miscellaneous.

39

 

 

 

 

 

8.1

 

Governing Law; Alternative Dispute Resolution Procedure

39

8.2

 

Successors and Assigns

39

8.3

 

Entire Agreement; Exhibits and Schedules

40

8.4

 

No Third Party Beneficiaries

40

8.5

 

Severability

40

8.6

 

Amendment and Waiver

41

8.7

 

Delays or Omissions

41

8.8

 

Notices

41

8.9

 

Expenses

42

8.10

 

Titles and Subtitles

42

8.11

 

Counterparts

43

8.12

 

Construction

43