Amendment to Employment Agreement between Molecular Biosystems, Inc. and Howard Dittrich, M.D.

Summary

Molecular Biosystems, Inc. and Howard Dittrich, M.D. have agreed to amend their existing employment agreement, originally effective January 21, 1999. The amendment specifies that any disputes under the agreement will be resolved through arbitration in San Diego, California, following the National Rules for the Resolution of Employment Disputes of the American Arbitration Association. All other terms of the original employment agreement remain unchanged.

EX-10.1 2 a2029828zex-10_1.txt EXHIBIT 10.1 Exhibit 10.1 Amendment to EMPLOYMENT AGREEMENT of January 21.1999 between MOLECULAR BIOSYSTEMS, INC. and Howard Dittrich, M.D. MOLECULAR BIOSYSTEMS, INC. ("the Company") and Howard Dittrich, M.D. ("Employee"), parties to a written Employment Agreement (the "Employment Agreement") dated effective January 21, 1999, hereby amend the Employment Agreement as follows: Paragraph 33. ARBITRATION OF DISPUTES. Paragraph 33 shall be amended by adding thereto the following sentence: "Said arbitration shall be conducted in San Diego, California pursuant to the National Rules for the Resolution of Employment Disputes of the American Arbitration Association." In all other respects the Employment Agreement shall remain in full force and effect. Agreed to this 22nd day of September, 2000: MOLECULAR BIOSYSTEMS, INC. By: /s/ BOBBA VENKATADRI --------------------------------------- Director, Board of Directors, Molecular Biosystems, Inc. By: /s/ HOWARD DITTRICH --------------------------------------- Howard Dittrich, M.D.