AMENDMENT #3 TO SERVICES AGREEMENT
Exhibit 10.2
AMENDMENT #3 TO SERVICES AGREEMENT
This Amendment #3 to Services Agreement (this “Amendment”), is entered into as of September 11, 2013, by and between Pacira Pharmaceuticals, Inc., (the “Company”), MPM Asset Management LLC (“MPM”) and Xxxx Patou (“Consultant”).
This Amendment #3 amends the Services Agreement dated October 28, 2010 by and among the Company, MPM and Consultant, as amended on December 8, 2011 and November 29, 2012 (the “Original Agreement”). If there is any conflict between the provisions of this Amendment and those in the Original Agreement, the provisions of this Amendment govern. Except as expressly stated in this Amendment, capitalized terms used and not defined herein have the same meanings defined in the Original Agreement. Except as expressly amended herein, all other terms and provision of the Original Agreement remain in full force and effect.
RECITALS
A. Consultant currently devotes approximately 50% of his business time to the Company for a monthly service fee of $15,880.40. The parties desire to amend the terms so Consultant will devote approximately 80% of his business time to the Company for a monthly service fee of $26,467.33 through December 31, 2014.
AGREEMENT
NOW, THEREFORE, in consideration of the representations, warranties and agreements contained in this Agreement and other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree as follows:
1. Section 4(a) is hereby amended to reflect that the amount of Monthly Services Fee is $26,467.33 through December 31, 2014.
2. Exhibit A is hereby amended to reflect that Consultant shall devote approximately 80% of his business time to the Company through December 31, 2014.
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IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first above written.
By: /s/ Xxxx Stack__________
Xxxx Xxxxx
President Chief Executive Officer
MPM ASSET MANAGEMENT LLC
By: /s/ Luke Evnin___________
Xxxx Xxxxx
Managing Director
CONSULTANT
/s/ Xx. Xxxx Patou_____________
Xx. Xxxx Patou
