0001193125-06-228564 Sample Contracts

Re: Transition and Retirement Agreement
Retirement Agreement • November 8th, 2006 • Nektar Therapeutics • Pharmaceutical preparations

As we have discussed, this letter (the “Letter”) amends the terms of the transition and retirement agreement entered into between Nektar Therapeutics (the “Company”) and you on March 13, 2006 (the “Agreement”) only as expressly set forth herein. All other terms and conditions of the Agreement continue in full force and effect. Any capitalized terms not defined herein shall have the meaning set forth in the Agreement.

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