April 9, 2007 Mr. Dane Saglio Chief Financial Officer EntreMed, Inc. 9640 Medical Center Drive Rockville, MD 20850 Dear Dane,
Exhibit 10.3
April 9, 2007
Xx. Xxxx Xxxxxx
Chief Financial Officer
EntreMed, Inc.
0000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Chief Financial Officer
EntreMed, Inc.
0000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Dear Xxxx,
The Compensation Committee has approved a one-year extension of your Employment
Agreement (the “Agreement”) for the period commencing July 1, 2007 through June 30,
2008.
All other terms of your Agreement remain in effect.
Please acknowledge your acceptance of the one-year extension by countersigning in the
space below. This amendment to the Agreement will be effective on the date of your
signature.
I look forward to continuing working with you.
| Sincerely, |
||||
| /s/ Xxxxx X. Xxxxx | ||||
| Xxxxx X. Xxxxx | ||||
| President & CEO | ||||
Agreed to and Accepted as of the 16th day of April, 2007:
| /s/ Xxxx X. Xxxxxx | ||||
| Xxxx X. Xxxxxx | ||||
