Amendment to Retention Letter Agreement between Eleven Biotherapeutics, Inc. and John McCabe

Summary

This letter agreement amends the original retention letter between Eleven Biotherapeutics, Inc. and John McCabe, dated September 20, 2016. The amendment extends the period for severance and retention incentives from six months to twelve months. All other terms of the original agreement remain unchanged. Both parties have agreed to this amendment by signing the letter.

EX-10.1 2 mccabeamendment.htm EXHIBIT 10.1 Exhibit

March 5, 2017

Personal & Confidential

John McCabe

17 Brookside Farm Lane

Sudbury, MA 01776

Dear John:

The purpose of this letter (this “Letter”) is to amend your retention letter agreement with Eleven Biotherapeutics, Inc. (the “Company”), dated as of September 20, 2016 (the “Letter Agreement”), to extend your severance and retention incentives for a period of six (6) months. Effective as of the date hereof, all references in the Letter Agreement to “six (6) month” are hereby changed to “twelve (12) month.” The Letter Agreement is, and continues to be, in full force and effect, except as otherwise provided in this Letter.

Please acknowledge your understanding of, and agreement to, the foregoing by signing this Letter in the space provided below.

Sincerely,

ELEVEN BIOTHERAPEUTICS, INC.

By: /s/ Stephen Hurly

Stephen Hurly

Chief Executive Officer

ACKNOWLEDGED AND AGREED:

/s/ John McCabe

___________________________

John McCabe