Exhibit 10.111

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

Richard W. Reichow (“Employee”) and Aeolus Pharmaceuticals, Inc., formerly
Incara Pharmaceuticals Corporation (the “Company”) hereby agree to amend the
terms of the Employment Agreement dated April 2, 2002, as amended on July 25,
2003, between the Company and the Employee (the “Agreement”) as follows.

 

Paragraph 2 of the Agreement is amended by adding the following sentence.

 

“After April 30, 2005, the Employee’s employment shall continue in accordance
with the terms of this Agreement on a month-to-month basis, which employment may
be terminated at will by the Company upon thirty (30) days written notice.
Provided however, if this Agreement is terminated by the Company or if the
Employee’s employment is terminated by the Company for any reason, other than
for just cause as defined in Paragraph 7(A)(iii), the Employee shall be entitled
to and receive the payments and benefits provided for in Paragraph 7(B) of the
Agreement.”

 

Except as set forth above, the provisions of the Agreement, as amended, shall
remain in full force and effect.

 

/s/ Richard W. Reichow

--------------------------------------------------------------------------------

     

December 2, 2004

--------------------------------------------------------------------------------

Employee’s signature

     

Date

/s/ James D. Crapo

--------------------------------------------------------------------------------

     

December 2, 2004

--------------------------------------------------------------------------------

Aeolus Pharmaceuticals, Inc.

     

Date

James D. Crapo

       

Chief Executive Officer