Amendment to Employment Agreement
EXHIBIT 10.14
ImVisioN
| Ansprech- | ||
| Xx. Xxxxxx Xxxxxxx | partner: | Xxxxxx Xxxxxxx |
| Xxxxxxxxxxxxxxx 00 | fon: | (0000) 00 00 00-00 |
| 82061 Neuried | fax: | (0000) 00 00 00-00 |
| e-mail: | x.xxxxxxx@xxxxxxxx-xxxxxxxxxxxx.xxx |
Hannover, 17. August 2006
Amendment to Employment Agreement
Due to the subscription of Xx. Xxxxxx Xxxxxxx to purchase 1.300.000 shares of ImVisioN Therapeutics Inc. at a purchase price of $ 0,001 per share in the course of a private placement completed on June 30th 2006, ImVisioN GmbH and Xx. Xxxxxx Xxxxxxx agree to amend the employment agreement dated March 30th 2005 as follows:
Article 6 Paragraph 1 shall be amended and restated to read as follows:
| “(1) |
The General Manager shall receive for its activity as of April 1, 2005 an annual gross salary of EURO 150,000.00, paid in 12 non-cash gross monthly installments, amount- ing to EURO 12,500.00, by deducting all legal and other taxes that must be withheld or paid, with a due date for payment at month end. With respect to any activities per- formed by the General Manager before April 1, 2005, there is no right to payment of a fee or refund of costs from the Company. This provision shall not affect any existing rights against third parties." |
Appendix 1 of the Agreement shall be deleted.
The employment agreement will continue in full force and effect, without amendment except as expressly provided herein. With their signature below, the Parties agree to this Amendment effective on June 30th 2006:
| /s/ Xxxxxx Xxxxxxx | /s/ Xxxxx Xxxx | |
| Xx. Xxxxxx Xxxxxxx | Xxxx. Xxxxx Xxxx | |
| Geschäftsführer/COO | ||
| ImVisioN GmbH |
