AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN SIGA
PHARMACEUTICALS, INC. AND XXXXXX X. XXXXX DATED JANUARY 1, 1998
Paragraph 2 of the above Agreement shall be deleted in its entirety and replaced
with the following:
The Corporation hereby employs Xxxxx and Xxxxx hereby accepts employment with
the Corporation for the period beginning on the date of this Agreement and
ending on December 31, 2000 (the "Initial Term"), or upon the earlier
termination of the Term pursuant to Section 7. The foregoing notwithstanding,
Corporation shall have the right to terminate Xxxxx'x employment under this
Agreement upon 90 days written notice and such termination will be treated as
Termination with Cause pursuant to Section 8 of this Agreement. Corporation also
agrees that the Term will not terminate prior to March 31, 2000. The termination
of Xxxxx'x employment under this Agreement shall end the Term but shall not
terminate Xxxxx'x or the Corporation's other agreements in this Agreement,
except as otherwise provided in this Agreement.
AGREED AND ACCEPTED:
SIGA PHARMACEUTICALS, INC.
By: /s/ Xxxxxx X. Xxxxxx
-------------------------
Xxxxxx X. Xxxxxx
Its: Chief Executive Officer
Date: 10/15/99
By: /s/ Xxxxxx X. Xxxxx
-------------------------
Xxxxxx X. Xxxxx
Date: 10/18/99
