0001193125-12-344384 Sample Contracts

SEPARATION AGREEMENT
Separation Agreement • August 8th, 2012 • Ligand Pharmaceuticals Inc • Pharmaceutical preparations • California

This Separation Agreement (this “Agreement”) is entered into between Syed M. I. Kazmi, Ph.D., an individual (“Executive”), and Ligand Pharmaceuticals Incorporated, (the “Company”), effective as of the Effective Date (as defined below).

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RESEARCH LICENSE AND OPTION AGREEMENT Dated April 27, 2012 By and Between Ligand Pharmaceuticals Incorporated and Ares Trading SA
License Agreement • August 8th, 2012 • Ligand Pharmaceuticals Inc • Pharmaceutical preparations • New York

THIS RESEARCH LICENSE AND OPTION AGREEMENT (the “Agreement”) is dated as of April 27, 2012 (the “Effective Date”) by and between Ligand Pharmaceuticals Incorporated, a corporation organized under the laws of the US state of Delaware having its place of business at 11085 North Torrey Pines Road, La Jolla, California 92037, USA (“Ligand”), and ARES Trading SA, a corporation organized under Swiss law having a place of business at Zone Industrielle de l’Ouriettaz, 1170 Aubonne SWITZERLAND (“Merck”). Ligand and Merck may be referred to herein as a “Party” or, collectively, as “Parties”.

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