Common use of Position of Employment Clause in Contracts

Position of Employment. a. The Company will employ the Employee in the position of Chief Financial Officer, Treasurer, and Secretary, and, in that position, Employee will report to the Company’s Chief Executive Officer. Employee’s duties shall include (i) the duties customarily associated with the positions of Chief Financial Officer, Treasurer, and Secretary, including serving as the Company’s principal financial and accounting officer, and (ii) such other reasonable related duties as the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote Employee’s business time and effort sufficient to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunder.

Position of Employment. a. The Company will employ the Employee in the position of Chief Financial Officer, Treasurer, and Secretary, and, in that position, Employee will report to the Company’s Chief Executive Officer. Employee’s duties shall include (i) the duties customarily associated with the positions of Chief Financial Officer, Treasurer, and Secretary, including serving as the Company’s principal financial and accounting officer, and (ii) such other reasonable related duties as the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote Employee’s full business time and effort sufficient to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunder.

Position of Employment. a. The Company will employ the Employee in the position of Chief Financial Officer, Treasurer, and SecretaryExecutive Chairman, and, in that position, Employee will report to the Company’s Chief Executive OfficerBoard of Directors. Employee’s duties shall include (i) the duties customarily associated with the positions position of Chief Financial Officer, Treasurer, and Secretary, including serving as Executive Chairman of the Company’s principal financial and accounting officerBoard of Directors, and (ii) such other reasonable related duties as overseeing regulatory affairs and drug development activities of the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote 50% of Employee’s full business time and effort sufficient to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunder.

Position of Employment. a. The Company will employ the Employee in the position of President and Chief Financial Scientific Officer, Treasurer, and Secretary, and, in that position, Employee will report to the Company’s Chief Executive Officer. Employee’s duties shall include (i) the duties customarily associated with the positions of President and Chief Financial Scientific Officer, Treasurer, and Secretary, including serving as the Company’s principal financial and accounting officer, and (ii) such other reasonable related duties as the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote 50% of Employee’s full business time and effort sufficient to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunder.

Position of Employment. a. The Company will employ the Employee in the position of Chief Financial Officer, Treasurer, Executive Officer and SecretaryChairman of the Board of Directors, and, in that position, Employee will report to the Company’s Chief Executive OfficerBoard of Directors. Employee’s duties shall include (i) the duties customarily associated with the positions of Chief Financial Officer, Treasurer, Executive Officer and Secretary, including serving as Chairman of the Company’s principal financial and accounting officerBoard of Directors, and (ii) such other reasonable related duties as the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote Employee’s business will agree to work on a part-time and effort sufficient on an as-needed basis with respect to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunder.

Position of Employment. a. The Company will employ here employs the Employee in the position of Chief Financial Officer, Treasurer, and Secretary, and, in that position, Employee will shall report to the Company’s Chief Executive Officer. Employee’s duties shall include (i) the duties customarily associated with the positions of Chief Financial Officer, Treasurer, and Secretary, including serving as the Company’s principal financial and accounting officer, and (ii) such other reasonable related duties as the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote Employee’s full business time and effort sufficient to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunder.

Position of Employment. a. The Company will employ the Employee in the position of Chief Financial Executive Officer, Treasurer, and Secretary, and, in that position, Employee will report to the Company’s Chief Executive OfficerBoard of Directors. Employee’s duties shall include (i) the duties customarily associated with the positions position of Chief Financial Officer, Treasurer, and Secretary, including serving as the Companya company’s principal financial and accounting executive officer, and (ii) such other reasonable related duties as the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote 50% of Employee’s full business time and effort sufficient to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunder.

Position of Employment. a. The Company will employ the Employee in the position of Chief Financial Executive Officer, Treasurer, and Secretary, and, in that position, Employee will report to the Company’s Chief Executive OfficerBoard of Directors. Employee’s duties shall include (i) the duties customarily associated with the positions position of Chief Financial Officer, Treasurer, and Secretary, including serving as the Companya company’s principal financial and accounting executive officer, and (ii) such other reasonable related duties as the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote Employee’s full business time and effort sufficient to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunder.

Position of Employment. a. The Company will employ the Employee in the position of Chairman and Chief Financial Executive Officer, Treasurer, and Secretary, and, in that position, Employee will report to the Company’s Chief Executive OfficerBoard of Directors. Employee’s duties shall include (i) the duties customarily associated with the positions position of Chief Financial Officer, Treasurer, and Secretary, including serving as the Companya company’s principal financial and accounting executive officer, and (ii) such other reasonable related duties as the Company or its Board of Directors may assign to Employee from time to time (including service to subsidiaries of the Company for no additional consideration). The Company retains the right to change Employee’s title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided, however, that any such change shall be consistent with Employee’s training, experience, and qualifications. Employee represents that she will use her reasonable best efforts to work a minimum of thirty (30) hours per week, provided, however, the Employee shall have the ability to provide services to other companies owned and/or controlled by Bay Shore Trust and its affiliates. b. The terms and conditions of the Employee’s employment shall, to the extent not addressed or described in this Agreement, be governed by the Company’s Board of Directors. In addition, the Company in its discretion may adopt a formal Policies and Procedures Manual for all employees to adhere to. In the event of a conflict between this Agreement, the Board of Directors, and/or the future implementation of a Policies and Procedures Manual and/or existing practices, the terms of this Agreement shall govern. c. Employee shall devote Employee’s reasonable business time and effort sufficient to fully address the business and affairs of the Company, consistent with the provisions of Section 1(a) above. The Company acknowledges that Employee is currently engaged in activities and consultancies in addition to Employee’s employment relationship with the Company, and that Employee may establish additional outside relationships and activities without approval by the Company so long as they do not unreasonably interfere with Employee’s duties hereunderhereunder or directly compete with the business of the Company.