AMENDMENT NO. 1 TO STOCKHOLDERS AGREEMENT
EX-10.2 3 c15270exv10w2.htm EXHIBIT 10.2 Exhibit 10.2
Exhibit 10.2
AMENDMENT NO. 1 TO STOCKHOLDERS AGREEMENT
This Amendment No. 1 (Amendment No. 1) to the Stockholders Agreement is made and effective as of the 6th day of April, 2011 (Amendment Effective Date) among Idenix Pharmaceuticals, Inc., with offices at 60 Hampshire Street, Cambridge Massachusetts 02139, USA (Idenix US), Novartis Pharma AG with offices at Forum 1, Novartis Campus, 4056 Basel, Switzerland (Novartis) and those other parties set forth on Exhibit A to the Stockholders Agreement.
INTRODUCTION
A. Idenix US, Novartis and certain of the stockholders of Idenix US entered into an Amended and Restated Stockholders Agreement dated as of July 27, 2004 (Stockholders Agreement).
B. The parties wish to amend the Stockholders Agreement as more fully set forth herein.
NOW THEREFORE for and in consideration of the mutual covenants contained in this Amendment No. 1, the parties agree:
1. Amendment. Unless otherwise defined or amended by the terms of this Amendment No. 1, all initial capitalized defined terms used have the meanings as defined in the Stockholders Agreement.
Section 3.1(e) of the Stockholders Agreement is amended by deleting and restating such paragraph as follows:
(e) The Company shall use reasonable best efforts to nominate for election as a director at least one Novartis designee so long as Novartis and its Affiliates own 19.4% or more of the Voting Stock and at least two Novartis designees so long as Novartis and its Affiliates own 30% or more of the Voting Stock (each such designee, a Novartis Director).
2. Status. This Amendment No. 1 amends and supplements the Stockholders Agreement. Except as otherwise provided for herein, the Stockholders Agreement remains in full force and effect unaffected hereby. This Amendment No. 1 shall be deemed incorporated into and become a part of the Stockholders Agreement and shall be subject to its terms.
EXECUTION The parties have caused this Amendment No. 1 to be duly executed by their authorized representatives, as of the date first written above.
IDENIX PHARMACEUTICALS, INC. | ||||
By: | /s/ Maria Stahl | |||
Name: | Maria Stahl | |||
Title: | SVP, General Counsel | |||
NOVARTIS PHARMA AG | ||||
By: | /s/ Tony Rosenberg | |||
Name: | Tony Rosenberg | |||
Title: | Head Partnering & Emerging Businessess | |||
By: | /s/ Matt Owens | |||
Name: | Matt Owens | |||
Title: | Senior Legal Counsel |
[NOTE: SIGNATURE OF OTHER STOCKHOLDERS ON FILE WITH THE COMPANY]