Exhibit 10.34
 
AMENDMENT NO. 2 TO
ANTHERA PHARMACEUTICALS, INC.
2010 EMPLOYEE STOCK PURCHASE PLAN

Pursuant to Section 18 of Anthera Pharmaceuticals, Inc. 2010 Employee Stock
Purchase Plan (the “Plan”), the Plan is hereby amended as follows:

First paragraph of Section 8 is hereby replaced in its entirety with the
following:

 
“On each Offering Date, the Company will grant to each eligible employee who is
then a Participant in the Plan an option (“Option”) to purchase on the last day
of such Offering (the “Exercise Date”), at the Option Price hereinafter provided
for, the lowest of (a) a number of shares of Common Stock determined by dividing
such Participant’s accumulated payroll deductions on such Exercise Date by the
Option Price (as defined herein), (b) 50,000 shares; or (c) such other lesser
maximum number of shares as shall have been established by the Administrator in
advance of the Offering; provided, however, that such Option shall be subject to
the limitations set forth below.  Each Participant’s Option shall be exercisable
only to the extent of such Participant’s accumulated payroll deductions on the
Exercise Date.  The purchase price for each share purchased under each Option
(the “Option Price”) will be 85 percent of the Fair Market Value of the Common
Stock on the Offering Date or the Exercise Date, whichever is less.”

All capitalized terms used and not defined herein shall have the meanings
ascribed to such terms in the Plan.

The effective date of this Amendment No. 2 shall be December 5, 2012.

Except as expressly amended hereby, the Plan remains in full force and effect in
accordance with its terms.

Adopted by the Board of Directors of Anthera Pharmaceuticals, Inc.:  December 5,
2012
 
 

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