FIRST AMENDMENT TO CONSULTING AND INDEPENDENT CONTRACTOR AND SERVICES AGREEMENT AND WORK ORDERS
EXHIBIT
10.42
FIRST
AMENDMENT TO
CONSULTING
AND INDEPENDENT CONTRACTOR AND SERVICES AGREEMENT
AND
WORK ORDERS
THIS
FIRST AMENDMENT TO CONSULTING AND INDEPENDENT CONTRACTOR AND SERVICES AGREEMENT
AND WORK ORDERS (this “Amendment”) is dated as of October 21, 2008, is by and
between Symyx Technologies, Inc. (“Symyx”) and Xxxxx X. Xxxx (“Consultant”), and
amends both that certain Consulting and Independent Contractor and Services
Agreement executed by such parties on February 6 and February 8, 2008,
respectively (the “Agreement”), and Work Orders #1 and #2 entered into under the
Agreement, pursuant to Section 10.7 of the Agreement. Other than as
expressly set out in this Amendment, all of the Agreement, and the
above-referenced Work Order #1 and Work Order #2 remain unchanged and in full
force and effect.
1. Work
Order #1 under the Agreement is terminated immediately, and no further fees or
expense reimbursements are due to Consultant under Work Order #1.
2. The
body of Paragraph I. of Work Order #2 under the Agreement is hereby deleted in
its entirety and replaced with the following:
“Consultant
shall provide consulting and general advice on Symyx Research projects as
requested, including as a non-exclusive example advice to and leadership of
Symyx Biorenewables, Inc.”
3. The
first sentence in the body of Paragraph III. of such Work Order #2 is hereby
deleted and replaced with:
“Monthly
fees: $16,667/month in fees (reduced to $14,000 for the month of December 2008),
subject to the aggregate $120,000 cap set out below.”
4. The
third sentence in the body of Paragraph III. of such Work Order #2 is hereby
deleted and replaced with:
“Maximum
cost of Consultant under Work Order #1 and this Work Order #2 in the aggregate
shall not exceed $120,000”.
CONSULTANT
|
SYMYX
TECHNOLOGIES, INC.
|
/s/
Xxxxx X. Xxxx
|
/s/
Xxx X. Xxxxxxx
|
Xxxxx
X. Xxxx
|
Xxx
X. Xxxxxxx
|
Executive
VP and Chief Financial
Officer
|