0001104659-07-006510 Sample Contracts

Separation Agreement and General Release
Separation Agreement • February 1st, 2007 • Arqule Inc • Pharmaceutical preparations • Massachusetts

This agreement (“Agreement”) is made by and between ArQule, Inc., a Delaware corporation, with its principal place of business at 19 Presidential Way, Woburn, MA 01801 (the “Company”) and Chiang J. Li, M.D. (“Employee”). In consideration of the mutual covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

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SCIENTIFIC ADVISORY BOARD CHAIRMAN AGREEMENT
Scientific Advisory Board Chairman Agreement • February 1st, 2007 • Arqule Inc • Pharmaceutical preparations • Massachusetts

This Scientific Advisory Board Chairman Agreement (this “Agreement”) dated as of January 26, 2007 (the “Effective Date”) is by and between ArQule, Inc. (the “Company”) located at 19 Presidential Way, Woburn, MA 01801 and Chiang J. Li, M.D. (the “Consultant”).

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