Amendment to Employment Agreement between Adeona Pharmaceuticals, Inc. and Steve H. Kanzer

Summary

This amendment updates the employment agreement between Adeona Pharmaceuticals, Inc. and Steve H. Kanzer. Mr. Kanzer agrees to waive his $100,000 guaranteed bonus for 2008 and extend his employment for one year, until January 9, 2010, with a salary of $1 per year. He will not receive a guaranteed bonus for 2009, severance pay if terminated, or additional stock options. He may participate in the company's health coverage at his own expense.

EX-10.2 4 k47262exv10w2.htm EX-10.2 EX-10.2

EXHIBIT 10.2

AMENDMENT TO EMPLOYMENT AGREEMENT
Of STEVE H. KANZER

This amendment (the “Amendment”) made as of January 6, 2009 to the Amended and Restated Employment Agreement (the “Employment Agreement”) by and between Adeona Pharmaceuticals, Inc. (the “Corporation”) and Steve H. Kanzer (“Employee”):

			Employee agrees to forego Employee’s calendar year 2008 guaranteed bonus in the amount of $100,000 otherwise due January 1, 2009.

			Employee agrees to an extension of the term of employment agreement for a period of one (1) year until January 9, 2010 with an annual salary of one dollar ($1.00) per annum, no guaranteed bonus for calendar year 2009, no severance in the event of termination no additional stock options.

Employee shall be entitled to participate in the Corporation’s medical health coverage plan and/or COBRA coverage plan at Employee’s own expense.

Agreed and Accepted:


ADEONA PHARAMCEUTICALS, INC.

By: Its:


Steve H. Kanzer