0001193125-07-048379 Sample Contracts

Re: Payments in the Event of Certain Changes
Payments in the Event of Certain Changes • March 7th, 2007 • Senetek PLC /Eng/ • Biological products, (no disgnostic substances)

In connection with your employment with Senetek Plc (the “Company”) the Board of Directors has agreed that you should have the benefit of certain protections in the event of certain changes of circumstance that are specifically described in this letter. Defined terms have the meaning ascribed to them in Section 4 of this letter agreement.

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