AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is made as of September 3,
1997, between Seragen, Inc. (the "Company"), having an office at 00 Xxxxx
Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000, and Xxxxxxxxx Xxxx ("Xxxx"), residing
at 000 Xxxx Xxxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxx 00000.
WHEREAS, the Company and Chen are parties to that certain
Employment Agreement, dated as of January 15, 1997 (the "Employment
Agreement");
WHEREAS, certain provisions were included in the Employment
Agreement that were not included in employment agreements for the other
members of the senior management of the Company, and the Company and Chen
desire to conform the provisions of the Employment Agreement in this respect
to the employment agreements for the other members of the senior management of
the Company;
WHEREAS, for the aforesaid purposes, the Company and Chen desire
to enter into this Amendment;
NOW THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:
1. Amendment of Section 3(h) of the Employment Agreement.
Section 3(h) of the Employment Agreement shall be, and is hereby, amended by
deleting the last sentence thereof.
2. Continuation of Employment Agreement. As amended hereby,
the Employment Agreement shall continue in full force and effect.
3. Effective Date. As between the parties hereto, this
Amendment shall be effective as of and from January 15, 1997.
IN WITNESS WHEREOF, the parties hereto have executed and delivered
this Amendment as of the date first set forth above.
SERAGEN, INC.
By: /s/ Reed R. Prior
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Reed R. Prior
Chairman, Chief Executive
Officer and Treasurer
/s/ Xxxxxxxxx Xxxx
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Xxxxxxxxx Xxxx
