Amendment to Employment Offer Letter Between Tercica, Inc. and Richard King (August 1, 2007)
This amendment updates the employment offer letter between Tercica, Inc. and Richard King. Effective August 1, 2007, Richard King will receive a $7,000 monthly reimbursement for rental housing in the San Francisco Bay Area for himself and his family. This benefit continues until July 31, 2008, or until he starts making mortgage payments on a home he purchases in the area, whichever comes first. At that point, the rental reimbursement ends and mortgage assistance, as previously agreed, begins.
Exhibit 10.9Z
August 1, 2007
Richard King
Re: Amendment to offer letter
Dear Richard,
Effective August 1, 2007, your offer letter from Tercica, Inc., dated as of February 25, 2007 (the “Offer Letter”), has been amended to provide additional compensation to you as follows: Beginning August 1, 2007, you will receive a $7,000 per month reimbursement for rental housing for you and your family in the San Francisco Bay Area until the earlier of July 31, 2008 or the first month you begin making mortgage payments for a home you have purchased in the San Francisco Bay Area (i.e., in such case the rental housing reimbursement will cease and the mortgage assistance payments specified in the Offer Letter will begin).
| Very truly yours, |
| /s/ John A. Scarlett, M.D. |
| John A. Scarlett, MD |
| President and Chief Executive Officer |
