0000950135-08-004132 Sample Contracts

Covenant Not to Compete
Covenant Not to Compete • May 30th, 2008 • Alkermes Inc • Pharmaceutical preparations

This Agreement is made and entered into as of this day of , 200___ by (“Employee”) and Alkermes, Inc., a Pennsylvania Corporation (the “Company”).

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ALKERMES, INC. Covenant Not to Compete
Covenant Not to Compete • May 30th, 2008 • Alkermes Inc • Pharmaceutical preparations

This Agreement is made and entered into as of this day of , 200 by (“Employee”) and Alkermes, Inc., a Pennsylvania corporation (the “Company”).

Reference Number: o Account Number: o Morgan Stanley MORGAN STANLEY & CO. INCORPORATED NEW YORK, NY 10036-8293
Fixed Dollar Accelerated Share Repurchase Transaction • May 30th, 2008 • Alkermes Inc • Pharmaceutical preparations

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between Morgan Stanley & Co. Incorporated (“MSCO”) and Alkermes, Inc. (the “Issuer”) on the Trade Date specified below (the “Transaction”). This confirmation constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below.

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