0001193125-08-052901 Sample Contracts

Share Option Agreement Under the XOMA Ltd.
Share Option Agreement • March 11th, 2008 • Xoma LTD /De/ • Pharmaceutical preparations • California

XOMA Ltd. (the “Company”) has granted you an option to purchase the number of Common Shares shown in item (C) above (the “Optioned Shares”) at the Exercise Price per share shown in item (G) above. This option is subject to the terms of the Company’s 1981 Share Option Plan, as amended through October 31, 2007 (the “Plan”) and to the terms and conditions set forth in this Share Option Agreement under the XOMA Ltd. 1981 Share Option Plan (the “Agreement”).

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Non-Qualified Share Option Agreement Under the XOMA Ltd. Restricted Share Plan
Qualified Share Option Agreement • March 11th, 2008 • Xoma LTD /De/ • Pharmaceutical preparations • California

XOMA Ltd. (the “Company”) has granted you a non-qualified option to purchase the number of Common Shares shown in item (C) above (the “Optioned Shares”) at the Exercise Price per share shown in item (G) above. This option is subject to the terms of the Company’s Restricted Share Plan, as amended through May 23, 2006 (the “Plan”) and to the terms and conditions set forth in this Non-Qualified Share Option Agreement Under the XOMA Ltd. Restricted Share Plan (the “Agreement”).

Share Option Agreement Under the XOMA Ltd.
Share Option Agreement • March 11th, 2008 • Xoma LTD /De/ • Pharmaceutical preparations • California

Subject to the terms of the XOMA Ltd. 1992 Directors Share Option Plan, as amended and restated through May 19, 2004 (the “Plan”) and to the terms and conditions set forth in this agreement (the “Agreement”), XOMA Ltd. (the “Company”) has granted you, as of the Grant Date shown in item (B) above, a non-qualified share option (not entitled to special tax treatment under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”)) to purchase the number of Common Shares of the Company shown in item (C) above (the “Optioned Shares”) at the Exercise Price shown in item (F) above.

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