This Indemnification Agreement is made and entered into this 16th day of May, 2003, between Nabi Biopharmaceuticals
(the “Company”) and Raafat Fahim (the “Indemnitee”), and is effective retroactively to the date of hire of the Indemnitee by
The board of directors of the Company has determined that highly competent persons will be difficult to retain unless they
are adequately protected against liabilities incurred in performance of their services on behalf of the Company, and the
Company’s By-laws authorize the Company to enter into and perform Indemnification Agreements for this purpose.
Therefore, the board of directors has determined that it is in the best interests of the Company to attract and retain persons
such as the Indemnitee by providing adequate protection against such liabilities by means of Indemnification Agreements with
persons such as the Indemnitee.
NOW, THEREFORE, in consideration of the promises and covenants contained herein and as an inducement to the
Indemnitee to continue as an employee of the Company, the Company and the Indemnitee, intending to be legally bound, do
hereby agree as follows:
1. The Indemnitee agrees to serve as an employee of the Company until the Indemnitee’s resignation by written
notice to the Company or the Indemnitee’s removal, whichever occurs earliest.
2. The Company agrees to indemnify and hold harmless the Indemnitee, with respect to any action taken or omitted
by the Indemnitee while serving as an employee of the Company, to the fullest extent permissible under applicable law, as
such law may be amended or supplemented from time to time. The Indemnitee’s indemnification rights shall include but not
be limited to the rights contained in the following paragraphs, except to the extent expressly prohibited by applicable law.
3. The Company shall indemnify and hold harmless the Indemnitee from and against expenses (including attorney