Document:

AMENDMENT TO EMPLOYMENT AGREEMENT

EXHIBIT 10.2

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment (this “Amendment”) dated the 20th day of January, 2014 to the Employment Agreement, dated October 1, 2013 (the “Employment Agreement”), by and between Heat Biologics, Inc. (the “Company”) and Melissa Price, Ph.D. (“Executive”). Capitalized terms used herein without definition shall have the meanings assigned in the Employment Agreement.  

WHEREAS, Employee was retained under the Employment Agreement by the Corporation to serve as its Vice President of Clinical and Regulatory Affairs; and 

WHEREAS, the Corporation desires to amend the terms of the subsequent potential option grant to Employee to keep it in line with the newly determined milestones for receiving such grant  and as a result to amend the Employment Agreement. 

NOW THEREFORE, for the mutual promises contained herein and for ten dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to amend the Employment Agreement as follows: 

1.

The first sentence of the second paragraph of Section 3(c) of the Employment Agreement is hereby deleted and replaced with the following: “ In addition to the Initial Option, if at any time prior to December 31, 2014, certain milestones agreed upon by the Corporation and Employee have been attained, Employee shall receive from the Corporation, on the date of achievement of the milestones, an incentive option to purchase an additional Ten Thousand (10,000) shares of the Corporation’s publicly traded common stock at an exercise price equal to the closing market price per share of the Corporation’s common stock on the date of achievement of the milestones.”

2. 

The provisions of this Amendment are severable and if any part or it is found to be unenforceable the other paragraphs shall remain fully valid and enforceable. 

3. 

All other terms of the Employment Agreement shall remain in full force and effect. The Employment Agreement, as amended by this Amendment, constitutes the entire agreement between the parties with respect to the subject matter thereof. 

4. 

This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but both of which together shall constitute one and the same instrument.

5.

This Amendment is made and shall be construed and performed under the laws of the State of North Carolina without regard to its choice or conflict of law principles and the parties agree to North Carolina as the exclusive venue for any disputes arising hereunder. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 

			
	 
	HEAT BIOLOGICS, INC.

	 
	 
	 

	 
	 
	 

	 
	By: 

	/s/ Jeffrey Wolf

	 
	Name: 

	Jeffrey Wolf

	 
	Title: 

	President and Chief Executive Officer

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	/s/ Melissa Price

	 
	MELISSA PRICE, PH.D.

2AMENDMENT TO EMPLOYMENT AGREEMENT

EXHIBIT 10.3

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment (this “Amendment”) dated the 20th day of January, 2014 to the Employment Agreement, dated December 18, 2009 (the “Employment Agreement”), by and between Heat Biologics, Inc. (the “Corporation”) and Jeffrey Wolf (“Executive”). Capitalized terms used herein without definition shall have the meanings assigned in the Employment Agreement.  

WHEREAS, Executive was retained under the Employment Agreement by the Corporation to serve as its President and Chief Executive Officer; and 

WHEREAS, in recognition of the hard work and performance by Executive and the additional services required due to the Corporation being a public reporting company, the Corporation desires to amend the Employment Agreement. 

NOW THEREFORE, for the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to amend the Employment Agreement as follows: 

1.

Section 3(a)(i) of the Employment Agreement is hereby deleted and replaced with the following: “Effective February 1, 2014, the Corporation shall pay the Executive at the rate of $395,000 per annum (the “Base Salary”) payable no less frequently than monthly in arrears of the first day of each succeeding month.”

2. 

The following new Section 3(a) (iii) (D) shall be added to Section 3(a)(iii) of the Employment Agreement: “The Corporation hereby grants to the CEO  stock options to purchase 100,000 shares of its common stock (having a value on the date of grant of approximately $400,000), vesting annually on a two year pro rata basis.  

3. 

The provisions of this Amendment are severable and if any part or it is found to be unenforceable the other paragraphs shall remain fully valid and enforceable. 

4. 

All other terms of the Employment Agreement shall remain in full force and effect. The Employment Agreement, as amended by this Amendment, constitutes the entire agreement between the parties with respect to the subject matter thereof. 

5. 

This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but both of which together shall constitute one and the same instrument.

6.

This Amendment is made and shall be construed and performed under the laws of the State of North Carolina without regard to its choice or conflict of law principles and the parties agree to North Carolina as the exclusive venue for any disputes arising hereunder. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 

			
	 
	HEAT BIOLOGICS, INC.

	 
	 
	 

	 
	 
	 

	 
	By: 

	/s/ Matthew Czajkowski

	 
	Name: 

	Matthew Czajkowski

	 
	Title: 

	Chief Financial Officer

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	/s/ Jeffrey Wolf

	 
	JEFFREY WOLF

2Exhibit 10.1

 

31
March 2008

 

 

M/S,
KM Matrimonial Private Limited

No:
8/2, Sarojini Street

T.
Nagar

Chennai
– 600 017

 

Dear
Sir / Madam,

 

In
pursuance to the discussions held between us, we wish to inform you that we have approved the Informative show (here in after
referred as “Program”) titled “KALYANAMALAI” on the terms and conditions mentioned below:

 

		1.	The
                                                                                                                           total
                                                                                                                           number
                                                                                                                           of
                                                                                                                           episodes
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           Thirteen,
                                                                                                                           which
                                                                                                                           will
                                                                                                                           be
                                                                                                                           telecast
                                                                                                                           in
                                                                                                                           Thirteen
                                                                                                                           weeks
                                                                                                                           Only
                                                                                                                           (One
                                                                                                                           episode
                                                                                                                           a week),
                                                                                                                           and
                                                                                                                           further
                                                                                                                           extension
                                                                                                                           will
                                                                                                                           be
                                                                                                                           subject
                                                                                                                           to
                                                                                                                           mutual
                                                                                                                           discussions
                                                                                                                           and
                                                                                                                           agreement.

 

		2.	The
                                                                                                                           duration
                                                                                                                           of
                                                                                                                           each
                                                                                                                           episode
                                                                                                                           shall
                                                                                                                           25
                                                                                                                           minutes
                                                                                                                           plus
                                                                                                                           240
                                                                                                                           sec
                                                                                                                           Free
                                                                                                                           Commercial
                                                                                                                           Time
                                                                                                                           and
                                                                                                                           banking
                                                                                                                           of
                                                                                                                           unutilized
                                                                                                                           commercial
                                                                                                                           time
                                                                                                                           shall
                                                                                                                           not
                                                                                                                           be
                                                                                                                           permitted.

 

3.
The said programme shall commence from 13 APRIL 2008 and shall be telecast between 08:00am and 08:30am on Sundays except on days
wherein we have special programmes.

 

4.
You shall deliver tapes for every episode 7days prior to the date of telecast and the said master tapes shall be in Broadcast
Quality. (DIGI – S along with a copy in DVD / VCD format)

 

5.
The date timing and contents of the programme mentioned above shall be subject to the approval of our Editorial Board. The said
date and timing is subject to change at their discretion. We shall also have right to delete any portion or stop telecast of the
said programme or revoke this agreement without assigning any reasons whatsoever and without notice.

 

6.
The said programme shall be exhibited in all areas where our channel is beamed directly or beamed through our Associates / Agents.

 

7.
You shall pay a sum of Rs. 1,00,000/- (Rupees One Lakh Only) plus service tax for each episode by way Demand Draft towards telecast
fee at the time of delivering the tapes. A Sum of Rs.2, 60,000/- (Rupees Two Lakhs and Sixty Thousands only) shall be paid as
security deposit on signing which shall be refunded without interest after completion of the serial or termination of this agreement
which ever is earlier. We reserve the right to increase the telecast fee at our discretion with two weeks notice to you.

 

8.
In addition to the above payment you shall also pay such amounts payable towards service tax and other levies imposed by the Government
and further undertake to pay all statutory levies etc imposed from time to time as and when such payment is demanded.

 

9.
You shall give in writing the accurate description of the program material you intend to telecast, well in advance and you shall
not be permitted to change the name of the programme or include a product / company’s name as suffix or prefix.

 

10.
You shall undeviatingly adhere to the programme production norms as mentioned by us from time to time. The above said programme
shall not contain any visuals that would give any direct or indirect publicity to any Business establishments, Individuals or
Products etc.

 

11.
All programme material provided by you shall have valid copyrights and you shall provide us with a copy of the original before
telecast. You shall keep us indemnified against all claims that may be made against us by third parties and all loses that we
may suffer in view of accepting your programme.

 

12.
We reserve the right to telecast the programme promos and commercials produced by us either before, inbetween or after the programme
supplied by you. The branding rights of the said programme shall vest with us. You cannot sublease or bank unused commercial time
and this contract cannot be assigned to any third parties.

 

13.
You shall obtain out prior written approval before appointing any agency / company / individual etc. for marketing / selling the
FCT allotted to you for the said program.

 

14.
You shall not telecast the said programme or any dubbed version thereof either directly or indirectly in any Satellite Channel/Terrestrial
Television Channel etc whether in India or Overseas, during the currency of this agreement.

 

15.
There shall not be any break during the stipulated episodes, and in the event of a break for a particular day you shall be charged
the telecast fee for that particular day and we shall be at liberty to telecast any programme to fill that slot. In the event
of there being a break of more than two episodes, the time slot allotted to you shall be automatically cancelled despite you paying
the telecast fee.

 

16.
You shall undertake and covenant that you or your associates or affiliates or sister concerns shall not enter into any agreement
with any other Tamil Satellite Television Channel other than Doordarshan for telecast of any serials/programmes, or market or
produce any programmes/serials during the currency of this agreement.

 

17.
In the event of there being any discontinuance of the programme during the currency of this agreement or in the event of this
agreement being terminated or after the performance of this agreement in totality you or your associates or affiliates or sister
concerns shall not telecast the above said programme in any manner or continue the said programme or title or concept in any other
Satellite Television Channel, Terrestrial Television Channel, through cable/via cable TV, DTH or any other means and modes of
communication to public anywhere in the World. This clause shall survive the termination or performance of this agreement.

 

18.
We reserve the right to refuse to telecast advertisements procured by you from advertising agencies / clients who have dues with
us, without any prior intimation. We also reserve the right to delete any advertisement procured by you at our discretion without
assigning any reasons whatsoever and without any notice.

 

19.
We reserve the rights to repeat the telecast of the entire Programme at our sole discretion. The said repeat telecast shall be
without advertisements and you shall not to be entitled to any additional royalty whatsoever.

 

20.
Dubbed serials, clippings or song sequences from movies or movie based programmes shall not be permitted by us.

 

21.
In the event of you dubbing the said programme to Telugu, Kannada or Malayalam language you shall give us the first right to purchase
the exhibition rights and if we fail to agree upon the terms and conditions of such purchase you may offer the same to other parties.

 

22.
This agreement will be in force till all the episodes are telecast unless terminated or till such time the said serial continues
on our channel.

 

23.
In the event of breach of any of the above conditions we have the right to cancel the time slot given to you without any notice
and our decision in all matters shall be final and binding upon you.

 

Kindly
sign a copy of this as a token of acceptance of the contents mentioned herein.

 

 

 

 

 

	/s/
                                                                      L. Jotheeswaran

        L.
        Jotheeswaran

        Deputy
        Manager – Programmes
	/s/
                                                                      V. Venkatesan

        V.
        Venkatesan

        Agreed
        & Confirmed

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]