Amendment No. 2 to Executive Employment Agreement, dated as of October 31, 2020, by and among Cytocom Inc. and Peter Aronstam
AMENDMENT No. 2
to the EXECUTIVE EMPLOYMENT AGREEMENT
This Amendment No. 2 (“Amendment”) is entered into as of October 31, 2020 (“Amendment Effective Date”) by and between CYTOCOM, INC. a Delaware corporation (“CYTOCOM”) and Peter Aronstam, the “Executive”. CYTOCOM and Executive are each referred to individually as a “Party” and together as the “Parties”.
WHEREAS, CYTOCOM and Executive are parties to an Executive Employment Agreement with an effective date of May 1, 2020 (the “Agreement”); and
WHEREAS, the Parties mutually desire to amend, modify and restate certain terms and conditions of the Agreement regarding equity compensation.
NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained, it is mutually agreed as follows:
DEFINITIONS. Unless otherwise defined herein, capitalized words in this Amendment shall have the meaning attributed to them in the Agreement.
AMENDMENTS. The Parties agree that, as of the Amendment Effective Date, the Agreement is amended as set forth in this Section 2.
The time period of six (6) months identified in each of Sections 4.1(d)(ii)(A), 4.1(d)(ii)(B), 4.1(e)(ii)(A), and 4.1(e)(ii)(B) is hereby amended to recite that each of such time periods is twelve (12) months.
INTEGRATION. Except for the sections of the Agreement specifically amended hereunder, all terms and conditions of the Agreement remain and shall remain in full force and effect. This Amendment shall hereafter be incorporated into and deemed part of the Agreement and any future reference to the Agreement shall include the terms and conditions of this Amendment.
IN WITNESS WHEREOF, the Parties intending to be bound have caused this Amendment to be executed by their duly authorized representatives.
|By:||/s/ Michael Handley||By:||/s/ Peter Aronstam|
|Name:||Michael Handley||Name:||Peter Aronstam|
|Version: 30 October 2020||Page 1 of 1|