AGENUS INC. NON-QUALIFIED STOCK OPTION INDUCEMENT AWARD AGREEMENTNon-Qualified Stock Option Inducement Award Agreement • August 3rd, 2015 • Agenus Inc • Biological products, (no disgnostic substances) • Delaware
This Non-Qualified Stock Option Inducement Award Agreement (this “Agreement”), effective as of June 17, 2015 between Agenus Inc. (the “Company”) and C. Evan Ballantyne (the “Participant”), is made pursuant to the letter agreement dated June 8, 2015 between the Company and the Participant and is an inducement material to the Participant’s entry into employment within the meaning of NASDAQ Listing Rule 5635(c)(4). The term “Company” shall include any other business venture in which the Company has a direct or indirect significant interest, as determined by the Board of Directors of the Company (the “Board”) in its sole discretion.
