Amendment to Consulting Agreement between Momenta Pharmaceuticals, Inc. and Dr. Ram Sasisekharan (March 15, 2005)
This letter agreement amends the existing consulting agreement between Momenta Pharmaceuticals, Inc. and Dr. Ram Sasisekharan. Effective February 1, 2005, Dr. Sasisekharan's compensation for consulting services is increased to $150,000 per year, pro-rated for the remaining term ending August 15, 2005. The amendment reflects Dr. Sasisekharan's increased consulting services related to research and development. Both parties have agreed to these new terms by signing the letter.
Exhibit 10.1
MOMENTA PHARMACEUTICALS, INC. |
| 675 WEST KENDALL STREET |
| T: 617 ###-###-#### |
| F: 617 ###-###-#### |
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| CAMBRIDGE, MA 02142 |
| WWW.MOMENTAPHARMA.COM |
15 March 2005
Dr. Ram Sasisekharan
2130 Massachusetts Avenue, 7B
Cambridge, Massachusetts 02139
Dear Ram:
Reference is made to the Consulting Agreement between Momenta Pharmaceuticals, Inc. (formerly Mimeon, Inc.) and you dated August 16, 2001, as amended by letter agreements dated August 1, 2003 and July 12, 2004 (the Agreement).
It is hereby agreed that in consideration of the increased consulting services you are providing to Momenta Pharmaceuticals, Inc. in connection with our research and development activities, the compensation set forth in Section 3.1 of the Agreement shall be increased to One Hundred and Fifty Thousand Dollars ($150,000) per 365-day period effective as of February 1, 2005. Such increase shall apply on a prospective basis and shall be pro-rated for the remaining term ending August 15, 2005 (e.g.; a full quarter from April 1, 2005 June 30, 2005 would be payable at the rate of $37,500).
If the foregoing is in conformity with your understanding, please sign both copies of this letter agreement and return one fully-executed copy to me.
Very truly yours, |
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/s/ Alan L. Crane |
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Alan L. Crane |
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Chief Executive Officer |
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Agreed and accepted: |
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/s/ Ram Sasisekharan |
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Ram Sasisekharan |
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Date: | March 15th 05 |
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