January 16, 2008 Mr. David L. Lowrance 422 William Wallace Drive Franklin, TN 37064 Re: Employment of David L. Lowrance as Vice President and Chief Financial Officer by Cumberland Pharmaceuticals Inc. Dear Dave:Option Agreement • February 1st, 2008 • Cumberland Pharmaceuticals Inc • Pharmaceutical preparations
Effective January 1st, 2008, this letter agreement (the “Agreement”) will evidence the terms and conditions under which you will be employed by Cumberland Pharmaceuticals Inc. (the “Company”). In consideration of your appointment as Vice President and Chief Financial Officer of the Company, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
January 16, 2008 Mr. James William Hix 127 Abigail Avenue Murfreesboro, TN 37129 Re: Employment of Bill Hix as VP, Sales and Marketing by Cumberland Pharmaceuticals Inc. Dear Bill:Cumberland Pharmaceuticals Inc • February 1st, 2008 • Pharmaceutical preparations
Effective January 1st, 2008, this letter agreement (the “Agreement”) will evidence the terms and conditions under which you will be employed by Cumberland Pharmaceuticals Inc. (the “Company”). In consideration of your appointment as Vice President, Sales and Marketing of the Company, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
