[Letterhead of CN Biosciences, Inc.]
November 18, 1998
Xx. Xxxxxx Xxxxxxxxxx
President
Novagen, Inc.
000 Xxxxxxx Xxxxx
Xxxxxxx, Xxxxxxxxx 00000
Dear Xxx:
This letter agreement shall supplement the Employment Agreement between CN
Biosciences, Inc. (the "Company") and you dated November 18, 1998 (the
"Employment Agreement").
As consideration for the promises and agreements made by you in the
Employment Agreement, and your agreement to remain in employment with the
Company through the Effective Date (as defined in the Employment Agreement),
as soon as practicable after the Effective Date, the Company will make a
lump sum payment to you, less applicable withholdings, of $50,000 if you are
still in the employ of the Company on the Effective Date.
Please signify your acceptance of this letter agreement by signing below and
returning a copy to the undersigned.
Very truly yours,
-----------------------------
Xxxxxxx X. Xxxxxxxxxxxx
Chairman and CEO
Agreed and Accepted the
18th day of November 1998
---------------------------
Xx. Xxxxxx Xxxxxxxxxx
