Extension Agreement to Consulting Agreement between Maxygen, Inc. and Waverley Associates, Inc.

Summary

Maxygen, Inc. and Waverley Associates, Inc. have agreed to extend their existing consulting agreement, originally effective April 1, 2006, by one year. The new termination date is April 1, 2009, unless the agreement is ended earlier according to its terms. Both parties have acknowledged and accepted this extension in writing.

EX-10.18.1 2 f38346exv10w18w1.htm EXHIBIT 10.18.1 exv10w18w1  

Exhibit 10.18.1
December 10, 2007
Waverley Associates, Inc.
P.O. Box 2088
Menlo Park, CA 94026
Attn: Isaac Stein
     Re: Extension of Consulting Agreement
Dear Isaac:
     This will confirm the agreement of Maxygen, Inc. (“Maxygen”) and Waverley Associates, Inc. (“Waverley”) with respect to that certain Consulting Agreement entered effective April 1, 2006 (the “Agreement”), to extend the term of the Agreement one year such that it will terminate as of April 1, 2009, if not earlier terminated in accordance with its terms.
Yours sincerely,
/s/ Louis Lange
Louis Lange
Chairman of Maxygen
Compensation Committee
UNDERSTOOD AND AGREED
BY WAVERLEY ASSOCIATES, INC.
         
Signature:
  /s/ Isaac Stein    
 
 
 
   
Date: 12/19/07