Compensation Agreement by and between Centaur Bio Inc. and MAC B Consulting LLC d/b/a Michael J. Roberts, dated October 1, 2023

Contract Categories: Human Resources - Compensation Agreements
EX-10.15 25 ea023016901ex10-15_adaptin.htm COMPENSATION AGREEMENT BY AND BETWEEN CENTAUR BIO INC. AND MAC B CONSULTING LLC D/B/A MICHAEL J. ROBERTS, DATED OCTOBER 1, 2023

Exhibit 10.15

  

COMPENSATION AGREEMENT

 

THIS COMPENSATION AGREEMENT, dated as of October 1, 2023 (this “Agreement”), is by and between MAC B Consulting LLC, a North Carolina Limited Liability Company d/b/a Michael J. Roberts with an address of 7805 Pemswood Street, Charlotte, NC 28277 (“CEO”), and CENTAUR BIO, INC, with principal executive offices at 7805 Pemswood Street, Charlotte, NC 28277 (“Company”).

 

W I T N E S S E T H:

 

IN CONSIDERATION of the mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows:

 

Section 1. Services. CEO agrees to provide business and pharmaceutical development related services to Company (the “Services”). CEO hereby agrees that the Services shall be provided at such times and at such places as the Company shall reasonably request, and in accordance with the highest prevailing industry standards and practices for the performance of similar services.

 

Section 2. Term of Agreement. The retention of the CEO by the Company as provided in Section 1 above shall be until a formal Employment Agreement has been executed between the Company and CEO (the “Term”). Notwithstanding anything to the contrary contained herein, the Agreement may be terminated by CEO or the Company upon thirty (30) days prior written notice to the other party.

 

Section 3. Compensation.

 

(a) So long as Company has sufficient funding and as full compensation for the performance by CEO of his/her duties under this Agreement, the Company shall pay CEO $15,000 per month (the “Fee”) that CEO spends performing his/her duties pursuant to the terms hereof.

 

(b) The Company agrees that payment shall be made to CEO within fifteen (15) business days from the beginning of each month. CEO will be solely responsible for all taxes, withholding and other similar statutory obligations.

 

Section 4. Expenses. The Company shall reimburse CEO for all reasonable and necessary expenses incurred by CEO in connection with the Services provided hereunder; provided, however, that such expenses are pre-approved in writing by the Company.

 

Section 5. Miscellaneous.

 

This Agreement shall be governed by, and construed and interpreted in accordance with, the laws of the State of North Carolina, without giving effect to its principles of conflicts of laws.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above by proper person thereunto duly authorized.

 

  CENTAUR BIO, INC.
   
  By: /s/ Simon C. Pedder
  Name: Simon C. Pedder
  Title: Executive Chairman
   
  CEO
   
  /s/ Michael J. Roberts
  Michael J. Roberts