Consulting Fee Continuation Agreement between Hemispherx Biopharma, Inc. and Dr. William A. Carter (December 23, 2015)
Hemispherx Biopharma, Inc. agrees to continue paying Dr. William A. Carter an annual base fee of $331,750 for his consulting services after giving notice of non-renewal of his previous engagement agreement. The company may terminate these payments with 30 days' written notice. Dr. Carter accepts these terms by signing the agreement.
Exhibit 10.1
December 23, 2015
HAND DELIVERY
Dr. William A. Carter, M.D.
HEMISPHERX BIOPHARMA, INC.
One Penn Center
1617 JFK Boulevard
Philadelphia, Pennsylvania 19103
Dear Dr. Carter,
This is to confirm that, concurrently with the Company's giving you notice of non-renewal of the Amended and Restated Engagement Agreement dated June 11, 2010, the Company is agreeing to continue paying you a Base Fee at the rate of $331,750 per year for services that you render as a consultant to the Company. This monthly payment is subject to termination by the Company on 30 days' written notice. Please indicate your acceptance by signing in the space provided below.
Sincerely yours,
HEMISPHERX BIOPHARMA, INC.
By: /s/ Thomas K. Equels
Thomas K. Equels, President
Agreed and Accepted:
/s/ William A. Carter
Dr. William A. Carter
