Extension of Notice Period for Non-Renewal under Engagement Agreement between Hemispherx Biopharma, Inc. and William A. Carter, M.D.

Contract Categories: Human Resources › Consulting Agreements
Summary

This letter agreement between Hemispherx Biopharma, Inc. and Dr. William A. Carter extends the period for providing notice of non-renewal under their existing engagement agreement. The new deadline for notice is December 1, 2015. Both parties have agreed to this extension, as indicated by their signatures. The agreement ensures that Dr. Carter’s consulting contract will not automatically renew without proper notice by the new date.

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EX-10.3 5 ex103-extensionperiodnonre.htm EXHIBIT 10.3 Exhibit

Exhibit 10.3




September 28, 2015


William Mitchell, MD, PhD
Chairman Compensation Committee
Hemispherx Biopharma, Inc.
One Penn Center
1617 JFK Blvd.
Philadelphia, PA 19103

Dear Bill,

I understand that the Compensation Committee has initiated a review of my Hemispherx contracts and have discovered today an automatic extension in several days of my patent consulting contract. I agree with an extension to December 1, 2015 of the period of notice of non-renewal as provided in Section 2 of the Amended and Restated Engagement Agreement between Hemispherx Biopharma, Inc. and me entered into as of June 11, 2010.

I have indicated my agreement by my signature in the space provided below. Tom Equels will be with me later today. I will have him witness for Hemispherx and deliver to the Compensation Committee.


/s/ William A. Carter____________
William A. Carter, M.D.


Hemispherx Biopharma, Inc.

By: /s/ Thomas K. Equels_______
Thomas K. Equels, President