0001193125-07-070397 Sample Contracts

LICENSE AGREEMENT
License Agreement • March 30th, 2007 • Merrion Pharmaceuticals LTD • New York

This License Agreement (the “Agreement”) is made and entered into as of January 29, 2007, (the “Effective Date”) by and between the Salk Institute for Biological Studies, a nonprofit public benefit corporation organized under the laws of the State of California (“Salk”), and Merrion Research I, Ltd., a corporation organized under the laws of Ireland (“Licensee”).

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Dated 23 December 2003 ELAN CORPORATION, plc
Agreement • March 30th, 2007 • Merrion Pharmaceuticals LTD
DATED with effect from 10 April 2006 MERRION PHARMACEUTICALS LIMITED DECLAN RYAN OPTION DEED Deed of Agreement (As amended on 22 November 2006) A & L GOODBODY North Wall Quay Dublin 1
Merrion Pharmaceuticals LTD • March 30th, 2007

In connection with a re-organisation of the Merrion Group, the Company has agreed to grant to the Grantee options to subscribe for shares and/or stock in the capital of the Company upon the terms and subject to the conditions set out in this Agreement.

Adaptív Biopharma Limited 25/28 North Wall Quay Dublin 1
Merrion Pharmaceuticals LTD • March 30th, 2007
EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2007 • Merrion Pharmaceuticals LTD • North Carolina

THIS EMPLOYMENT AGREEMENT (the “Agreement”), is effective as of April 1, 2004, (the “Effective Date”) by and between Merrion Pharmaceuticals, Inc., a Delaware corporation (the “Company”), and Thomas Leonard, Ph.D. (the “Employee”), an individual residing in Wilmington, North Carolina.

Dated 5 February 2004 GIPET II LICENCE AGREEMENT ATHENA NEUROSCIENCES, INC. and ADAPTÍV BIOPHARMA LIMITED
Licence Agreement • March 30th, 2007 • Merrion Pharmaceuticals LTD • New York

Adaptiv and Elan have entered into an Asset Purchase Agreement dated 5 February 2004 (the Asset Purchase Agreement), pursuant to which Elan have agreed to sell to Adaptiv, and Adaptiv has agreed to purchase from Elan, certain Assets.

SERVICE AGREEMENT
Service Agreement • March 30th, 2007 • Merrion Pharmaceuticals LTD
SERVICE AGREEMENT
Service Agreement • March 30th, 2007 • Merrion Pharmaceuticals LTD

This letter (hereinafter the Agreement) sets out the terms of your position as Chief Executive Officer of Merrion Pharmaceuticals, Inc. (the Company):

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