Common use of NEGATION OF WARRANTIES AND INDEMNIFICATION Clause in Contracts

NEGATION OF WARRANTIES AND INDEMNIFICATION. 12.1 PHS offers no warranties other than those specified in Article 1. 12.2 PHS does not warrant the validity of the Licensed Patent Rights and makes no representations whatsoever with regard to the scope of the Licensed Patent Rights, or that the Licensed Patent Rights may be exploited without infringing other patents or other intellectual property rights of third parties. PHS Patent License Agreement—Exclusive Model 10-2005 (updated 4-2010) Page 12 of 27 [Final] [GlobeImmune, Inc] [February 29, 2012] SV1805701.4 GlobeImmune - Patent Lic. Agt. (Exclusive) - PHS (jointly owned ip) [*] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

NEGATION OF WARRANTIES AND INDEMNIFICATION. 12.1 PHS offers no warranties other than those specified in Article 1. 12.2 PHS does not warrant the validity of the Licensed Patent Rights and makes no representations whatsoever with regard to the scope of the Licensed Patent Rights, or that the Licensed Patent Rights may be exploited without infringing other patents or other intellectual property rights of third parties. A-077-2012 PHS Patent License Agreement—--Exclusive Model 10-2005 (updated 4-2010) Page 12 of 27 [Final] [GlobeImmune, Inc] [February 29, 2012] SV1805701.4 GlobeImmune - Patent Lic. Agt. (Exclusive) - PHS (jointly owned ip) [*] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 24b-2 406 of the Securities Exchange Act of 19341933, as amended.

NEGATION OF WARRANTIES AND INDEMNIFICATION. 12.1 PHS offers no warranties other than those specified in Article 1. 12.2 PHS does not warrant the validity of the Licensed Patent Rights and makes no representations whatsoever with regard to the scope of the Licensed Patent Rights, or that the Licensed Patent Rights may be exploited without infringing other patents or other intellectual property rights of third parties. A-293-2011 PHS Patent License Agreement—Exclusive Model 10-2005 (updated 4-2010) Page 12 13 of 27 28 [Final] [GlobeImmune, Inc] [February 29December 7, 20122011] SV1805701.4 SV\805701.4 GlobeImmune - – Patent Lic. Agt. (Exclusive) - – PHS (jointly owned ip) [*] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

NEGATION OF WARRANTIES AND INDEMNIFICATION. 12.1 PHS offers no warranties other than those specified in Article 1. 12.2 PHS does not warrant the validity of the Licensed Patent Rights and makes no representations whatsoever with regard to the scope of the Licensed Patent Rights, or that the Licensed Patent Rights may be exploited without infringing other patents or other intellectual property rights of third parties. A-293-2011 PHS Patent License Agreement—Exclusive Model 10-2005 (updated 4-2010) Page 12 13 of 27 28 [Final] [GlobeImmune, Inc] [February 29December 7, 20122011] SV1805701.4 SV\805701.4 GlobeImmune - – Patent Lic. Agt. (Exclusive) - – PHS (jointly owned ip) [*] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 24b-2 406 of the Securities Exchange Act of 19341933, as amended.