October 30, 2006 Sachiko Kuno, Ph.D. 24687 Yacht Club Road St. Michael, MD 21663 Re: Amendment to Employment Agreement Dear Dr. Kuno:
Exhibit 10.34
SUCAMPO
PHARMACEUTICALS, INC.
PHARMACEUTICALS, INC.
October 30, 2006
Xxxxxxx Xxxx, Ph.D.
00000 Xxxxx Xxxx Xxxx
Xx. Xxxxxxx, XX 00000
00000 Xxxxx Xxxx Xxxx
Xx. Xxxxxxx, XX 00000
Re: Amendment to Employment Agreement
Dear Xx. Xxxx:
This letter will reflect the agreement between you and Sucampo Pharmaceuticals, Inc. (the
“Company”) upon the terms of an amendment to the Employment Agreement between you and the Company
dated June 16, 2006. At its September 7, 2006 meeting, the Company’s Board of Directors adopted a
resolution providing that you will remain as President of the Company and, effective September 30,
2006, you would become Chairman of the Board of Directors of the Company. Consistent with the
requirements for modification set forth in Section 6.3 of the Employment Agreement, this letter
will document the mutual agreement between you and the Company to amend Section 1.1 of your
Employment Agreement to provide that, effective September 30, 2006, you will be employed by the
Company as its President and as the Chairman of its Board of Directors, but will cease to serve as
the Company’s Chief Executive Officer. These are the only changes to the terms of the Employment
Agreement to be made at this time.
Please indicate your agreement to this modification of the Employment Agreement by
countersigning the enclosed copy of this letter in the space provided below and returning the same
to me for the Company’s files.
Thank you for your assistance.
Sincerely,
/s/ V. Xxx Xxxxxx
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Chair, Compensation Committee |
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Board of Directors |
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Acknowledged and accepted this 20th day of November, 2006. | ||
/s/ Xxxxxxx Xxxx
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