Exhibit 10.29
Certain confidential information in this document, marked by brackets, has been omitted and filed separately with
the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.
RESTRUCTURING AGREEMENT
dated as of
September 28, 2004
among
ARADIGM CORPORATION
NOVO NORDISK A/S
and
NOVO NORDISK DELIVERY TECHNOLOGIES, INC.
TABLE OF CONTENTS
Page
ARTICLE 1
DEFINITIONS
SECTION 1.01.
Definitions
1
SECTION 1.02.
Other Definitional And Interpretative Provisions
5
SECTION 1.03.
Knowledge Of Aradigm
6
ARTICLE 2
PRE-CLOSING ACTIVITIES: CLOSING; THE TRANSACTIONS;
POST-CLOSING ACTIVITIES
SECTION 2.01.
Pre-closing Activities
6
SECTION 2.02.
Closing
6
SECTION 2.03.
Effect of Closing
6
SECTION 2.04.
Post-closing Activities
6
ARTICLE 3
REPRESENTATIONS AND WARRANTIES OF ARADIGM
SECTION 3.01.
Corporate Existence and Power
7
SECTION 3.02.
Corporate Authorization
7
SECTION 3.03.
Governmental Authorization
7
SECTION 3.04.
Noncontravention
7
SECTION 3.05.
Required and Other Consents
7
SECTION 3.06.
Absence of Certain Changes
8
SECTION 3.07.
No Undisclosed Material Liabilities
8
SECTION 3.08.
Material Contracts
8
SECTION 3.09.
Litigation
9
SECTION 3.10.
Compliance with Laws and Court Orders
9
SECTION 3.11.
Properties
9
SECTION 3.12.
Title to the Transferred Assets
10
SECTION 3.13.
Intellectual Property
10
SECTION 3.14.
Insurance Coverage
11
SECTION 3.15.
Licenses and Permits
11
SECTION 3.16.
Inventories and Supplies
12
SECTION 3.17.
Documents
12
SECTION 3.18.
Finders’ Fees
12
SECTION 3.19.
Employees