January 29, 2016 Carlo Russo, M.D. Re: Employment Terms for Executive Vice President and Chief Medical Officer Dear Carlo,Employee Confidentiality and Invention Assignment Agreement • May 12th, 2016 • Adverum Biotechnologies, Inc. • Biological products, (no disgnostic substances) • California
In connection with the acquisition (the “Acquisition”) of all outstanding shares of Annapurna Therapeutics SAS (the “Target”) by Avalanche Biotechnologies, Inc. (the “Company”), this letter agreement (the “Agreement”) memorializes the employment terms for your employment with the Company in the position of Executive Vice President and Chief Medical Officer of the Company. These terms will become effective on the closing of the Acquisition (the “Closing Date”). In the event the Acquisition is not consummated, this Agreement shall be of no force or effect. Your first day of work as Executive Vice President and Chief Medical Officer will be the Closing Date.
