0000950123-14-003746 Sample Contracts

ARDELYX, INC. CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations • California

This Change in Control Severance Agreement (the “Agreement”) is made and entered into by and between Elizabeth Grammer (the “Executive”) and Ardelyx, Inc. (the “Company”), effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”).

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LICENSE AGREEMENT BY AND BETWEEN ASTRAZENECA AB AND ARDELYX, INC. OCTOBER 4, 2012
License Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations • Delaware

This License Agreement (the “Agreement”) is entered into as of the 4th day of October, 2012 (the “Effective Date”) by and between AstraZeneca AB (publ), a Swedish corporation with corporate identity no. 556011-7482 and a place of business at 431 83 Mölndal, Sweden (“AstraZeneca”) and Ardelyx, Inc., a Delaware corporation having its principal place of business at 34175 Ardenwood Boulevard, Fremont, California United States of America 94555 (“Ardelyx”). Ardelyx and AstraZeneca are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.

LICENSE OPTION AND LICENSE AGREEMENT BY AND BETWEEN SANOFI AND ARDELYX, INC. DATED FEBRUARY 21, 2014
License Option and License Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations • New York

This License Option and License Agreement (the “Agreement”) is entered into as of the 21 day of February, 2014 (the “Effective Date”) by and between Sanofi, a French corporation with a place of business at 54, rue La Boétie, 75008 Paris, France (“Sanofi”) and Ardelyx, Inc., a Delaware corporation having its principal place of business at 34175 Ardenwood Boulevard, Fremont, California United States of America 94555 (“Ardelyx”). Ardelyx and Sanofi are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.

AMENDMENT NUMBER ONE TO LICENSE AGREEMENT BY AND BETWEEN ASTRAZENECA AB AND ARDELYX, INC. DECEMBER 23, 2013
License Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations • Delaware

This Amendment Number One to License Agreement (“Amendment One”) is entered into as of the 23rd day of December, 2013 (the “Amendment One Effective Date”) by and between AstraZeneca AB (publ), a Swedish corporation with corporate identity no. 556011-7482 and a place of business at 431 83 Molndal, Sweden (“AstraZeneca”) and Ardelyx, Inc. a Delaware corporation having its principal place of business at 34175 Ardenwood Boulevard, Fremont, California United States of America 94555 (“Ardelyx”). Ardelyx and AstraZeneca are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”

ARDELYX, INC. AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT Dated as of June 23, 2011
Investors’ Rights Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations • California

THIS AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (this “Agreement”) is made as of June 23, 2011 by and among Ardelyx, Inc., a Delaware corporation (the “Company”) formerly known as Nteryx, Inc., Dominique Charmot and Jean Frechet (the “Founders”), the investors listed on Schedule A hereto (each an “Investor” and collectively the “Investors”), and such Investors who may be added to this Agreement as provided herein.

LEASE
Lease • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations

THIS ACKNOWLEDGEMENT OF PHASE 2 TERM COMMENCEMENT DATE is entered into as of [ ], 20[ ], with reference to that certain Lease (the “Lease”) dated as of August 8, 2008, by NTERYX, INC., a Delaware corporation (“Tenant”), in favor of 34175 ARDENWOOD VENTURE, LLC, a Delaware limited liability company (“Landlord”). All capitalized terms used herein without definition shall have the meanings ascribed to them in the Lease.

Re: Employment Agreement
Employment Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations

On behalf of Ardelyx (the “Company”), I am pleased to offer you employment in the position of Chief Business Officer, reporting to the Chief Executive Officer. This letter sets out the terms of your employment with the Company, which shall start the earlier of August 15, 2011.

Re: Employment Agreement
Employment Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations

On behalf of Ardelyx (the “Company”), I am pleased to offer you employment in the position of Vice President of Drug Development, reporting to the Chief Executive Officer. This letter sets out the terms of your employment with the Company which shall start on January 1, 2010.

Re: Employment Agreement
Employment Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations

On behalf of NteryX (the “Company”), I am pleased to offer you employment in the position of Vice President, Medicinal Chemistry, reporting to the Chief Technology Officer. This letter sets out the terms of your employment with the Company, which will be conditioned upon the occurrence of i) the closing of the Company’s Series A financing and ii) the approval by the Board of Directors, and shall start on the later of June 15, 2008 or the first Monday after the date of the Board meeting.

Re: Employment Agreement
Employment Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations

On behalf of NteryX (the “Company”), I am pleased to offer you employment in the position of Vice President, Finance and Operations, reporting initially to the Chief Technology Officer. This letter sets out the terms of your employment with the Company, which will be conditioned upon the occurrence of i) the closing of the Company’s Series A financing and ii) the approval by the Board of Directors, and shall start on the later of June 1, 2008 or the first Monday after the date of the Board meeting.

FIRST AMENDMENT TO LEASE
Lease • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations

THIS FIRST AMENDMENT TO LEASE (this “Amendment”) is entered into as of this 20th day of December, 2012, by and between 34175 ARDENWOOD VENTURE, LLC, a Delaware limited liability company (“Landlord”), and ARDELYX, INC., a Delaware corporation formerly known as Nteryx, Inc. (“Tenant”).

Re: Employment Agreement
Employment Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations

On behalf of Ardelyx, Inc. (the “Company”), I am pleased to offer you employment in the position of Vice President, Legal, reporting to the Chief Executive Officer. This letter sets out the terms of your employment with the Company which shall start on December 1, 2012.

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations • California

This Executive Employment Agreement (the “Agreement”) is entered into as of February 17, 2009, by and between Michael Raab (“Executive”) and Ardelyx, Inc. (the “Company”).

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations • California

This Executive Employment Agreement (the “Agreement”), dated as of May 29, 2008 (the “Effective Date”), is between Nteryx, Inc., a Delaware corporation (the “Company”) and Dominique Charmot (“Executive”).

ARDELYX, INC. CHANGE IN CONTROL SEVERANCE AGREEMENT
Control Severance Agreement • April 11th, 2014 • Ardelyx, Inc. • Pharmaceutical preparations • California

This Change in Control Severance Agreement (the “Agreement”) is made and entered into by and between David Rosenbaum, Ph.D. (the “Executive”) and Ardelyx, Inc. (the “Company”), effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”).

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