Document:

Exhibit 10

Exhibit 10.2

EARTHLINK, INC.

RETENTION INCENTIVE AGREEMENT

 

THIS RETENTION INCENTIVE AGREEMENT (this "Agreement") is made on the __ day of May, 2007, by and between EarthLink, Inc., a Delaware corporation, and its Affiliates (collectively "EarthLink") and ___________________ ("you"), to provide a financial incentive for you to remain employed with EarthLink for the time period and on the terms set forth below.  

WHEREAS, EarthLink is in the process of searching for a new Chief Executive Officer as it continues to execute on its business plan; and 

WHEREAS, EarthLink recognizes that the search for a new Chief Executive Officer may contribute to uncertainty on your part and could result in your departure or, at minimum, some distraction from your duties and responsibilities; and 

WHEREAS, you have been a valuable contributor to the success of EarthLink and our business, and your continued service on behalf of EarthLink from now through May 1, 2008 (the "First Payment Date") and January 1, 2009 (the "Second Payment Date") (each a "Payment Date") is important to maximize the value of EarthLink and our business; and

WHEREAS, we want you to remain employed with EarthLink, and we want to provide an additional financial incentive to you to retain your valuable services during such time.  

NOW, THEREFORE, in return for good and valuable consideration, the adequacy and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

	Term.  The term of this Agreement will be from the date you sign it until January 1, 2009, or, if earlier, the termination of your employment with EarthLink for any reason whatsoever.
	Compensation.

	Bonus Payments.

	Eligibility.  Subject to subparagraph (a)(3) below, you are eligible for bonus payments (each a "Bonus Payment") in accordance with subparagraph (a)(2) below.
	Payment.  Subject to subparagraph (a)(3) below, (i)(A) your Bonus Payment of [$ Insert Dollar Amount] shall be payable to you in a lump sum on the First Payment Date or as soon as administratively practical after the First Payment Date, provided you have been continuously employed with EarthLink from the date hereof until the First Payment Date, and (B) your Bonus Payment of [$ Insert Dollar Amount] shall be payable to you in a lump sum on the Second Payment Date or as soon as administratively practical after the Second Payment Date, provided you have been continuously employed with EarthLink from the date hereof until the Second Payment Date, or (ii) in the event you have a Termination of Employment by EarthLink other than for Cause (as defined below) or other than on account of your Disability (as defined below) or your death before a Payment Date, a Bonus Payment shall be payable to you on the date of your Termination of Employment or as soon as administratively practical after your Termination of Employment, such Bonus Payment to be in the amount of [$ Insert Dollar Amount] if it becomes payable to you prior to the First Payment Date and such Bonus Payment to be in the amount of [$ Insert Dollar Amount] if it becomes payable to you after the First Payment Date and prior to the Second Payment Date; subject in all cases to applicable withholdings as described herein.
	Payment Conditions.  You must satisfy the following additional conditions to be eligible for and receive a Bonus Payment:

	First, you will not be eligible for, and will not receive a Bonus Payment, unless you sign a Release (as defined below) (in the form attached hereto as Exhibit A), if a Bonus Payment becomes payable concurrently with your Termination of Employment with EarthLink.  In that event, your Bonus Payment is conditioned upon the valid and timely execution, without revocation, of the Release within the time period specified by EarthLink.
	Second, your employment with EarthLink must not have been (i) terminated for Cause by EarthLink, (ii) terminated on account of death or a Disability or (iii) voluntarily terminated by you for any reason whatsoever, prior to a Payment Date.

(C)Third, you agree not to take, and do not take, any "unpaid leave of absence" or "sabbatical" time through the Second Payment Date or, if earlier, the date of your Termination of Employment by EarthLink other than for Cause or other than on account of your Disability or your death.

	Definitions.  For purposes of this Agreement:

	"Affiliate" means any entity with whom EarthLink would be considered a single employer under Sections 414(b) or 414(c) of the Code.  If the Affiliate that employs you discontinues being an Affiliate, you will be deemed to have incurred a Termination of Employment by EarthLink without Cause at the time your employer is no longer an Affiliate.
	"Beneficiary" means the person or entity that you designate, by written instrument delivered to EarthLink, to receive any benefits payable under this Agreement after your death.  If you fail to designate a beneficiary, or if no designated beneficiary survives you, your benefits will be paid (i) first to your surviving spouse, if any, (ii) then, if there is no surviving spouse, to your living descendents per stirpes, or (iii) if there is neither a surviving spouse nor living descendants, to your estate.
	"Cause" shall exist where your Termination of Employment is by EarthLink upon (1) your willful and continued failure to substantially perform your employment duties (other than any failure on account of a Disability), after written notice is delivered to you by the Board of Directors, an executive officer of EarthLink or the person in charge of the Human Resources function of EarthLink that specifically identifies the manner in which you have failed to substantially perform your employment duties and after a reasonable opportunity is afforded to you to cure your performance failure(s) or (2) your willful engagement in misconduct that is materially injurious to EarthLink, monetarily or otherwise.  For purposes of this definition, no act, or failure to act, on your part will be considered "willful" unless done, or omitted to be done, by you not in good faith and without reasonable belief that your act or omission was in the best interest of EarthLink.  Notwithstanding the foregoing, you will not be deemed to have had a Termination of Employment by EarthLink for Cause unless and until you have been given a copy of the notice of termination, after reasonable notice to you and an opportunity for you, together with your counsel, to be heard before (i) the Chief Executive Officer of EarthLink or (ii) if you are an elected officer, the Board of Directors of EarthLink, or (iii) in all other cases not involving an elected officer and where the Chief Executive Officer of EarthLink otherwise directs or delegates this responsibility, the executive officer or person in charge of the Human Resources function or direct report to such Chief Executive Officer to whom such responsibility was delegated, finding that in the good faith opinion of the Chief Executive Officer, or, in the case of an elected officer, a finding that in the good faith opinion of two-thirds of the Board of Directors of EarthLink, or, in all other cases not including an elected officer or otherwise, a finding that in the good faith opinion of the applicable executive officer or person in charge of the Human Resources function or direct report to the Chief Executive Officer to whom such responsibility was delegated, that you committed the conduct set forth above in clauses (1) or (2) of this definition and specifying the particulars of that finding in detail.
	"Code" shall mean the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder.  
	"Termination of Employment" means the termination of your employment with EarthLink and all Affiliates; provided, however, that you will not be considered as having had a Termination of Employment unless and until your Termination of Employment qualifies as a "separation from service" within the meaning of Section 409A of the Code.
	"Disability" means that you incur a Termination of Employment as a result of being "disabled" or as a result of a "disability" in accordance with the policies of EarthLink in effect at the time of your Termination of Employment.

	Effect on Other Payments.  The Bonus Payments, if any, are not in lieu of and do not replace any other bonus or bonuses to which you may be entitled.  You also will continue to be entitled to receive any amounts that you otherwise would be entitled to receive under EarthLink's other employee benefit plans, policies and arrangements, including without limitation any severance plans, policies or arrangements in which you may participate, in accordance with the terms and conditions of such plans, policies and arrangements.  Notwithstanding the foregoing, however, you agree that the Bonus Payments shall not be included under any other bonus or severance plan of EarthLink, including without limitation the EarthLink, Inc. Change-in-Control Accelerated Vesting and Severance Plan, for purposes of determining the amount of any payments or benefits that may become payable to you under such other bonus or severance plans of EarthLink, and you hereby waive any rights, if they exist, to have the Bonus Payments included in any such determinations.
	Release.  If a Bonus Payment becomes payable concurrently with your Termination of Employment with EarthLink, you will execute, and not revoke, a release (the "Release") (in the form attached hereto as Exhibit A).  We would advise you to review this Release carefully with the assistance of your attorney.
	Waiver.  Failure to insist upon strict compliance with any of the terms, covenants, or conditions of this Agreement will not be deemed a waiver of such term, covenant, or condition, nor will any waiver or relinquishment of any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any other time or times.
	Taxes.  EarthLink may withhold from any amounts payable under this Agreement, or from any other amounts payable to you, all income, employment, excise and other taxes that EarthLink reasonably determines to be required pursuant to any law, regulation, or ruling as a result of your participation in this Agreement.  However, it is your obligation to pay all required taxes on any amounts provided under this Agreement, regardless of whether withholding is required or undertaken.
	Confidentiality.  Except to the extent otherwise required by law, you will not disclose, in whole or in part, any of the terms of this Agreement.  However, you may disclose the terms of this Agreement to your spouse or to your legal or financial adviser, provided that you take all reasonable measures to assure that he or she does not disclose the terms of this Agreement to a third party except as otherwise required by law.
	Severability.  The agreements contained herein and within the Release prescribed by paragraph 3 will each constitute a separate agreement independently supported by good and adequate consideration, and will each be severable from the other provisions of the Agreement and such Release.  If it is determined that any term, provision, or portion of this Agreement or such Release is void, illegal, or unenforceable, the other terms, provisions and portions of this Agreement or such Release will remain in full force and effect, and the terms, provisions, and portions that are determined to be void, illegal, or unenforceable will either be limited so that they will remain in effect to the extent permissible by law, or other similar provisions will be substituted, to the extent enforceable, so as to provide to EarthLink, to the fullest extent permitted by applicable law, the benefits intended by this Agreement and such Release.
	Survival.  The provisions of paragraphs 3 and 6 shall survive the termination of this Agreement.
	Entire Agreement.  This Agreement sets forth the entire understanding between you and EarthLink, and supersedes all prior agreements and communications, whether oral or written between you and EarthLink with respect to the subject matter of this Agreement.  This Agreement will not be modified except by written agreement between you and EarthLink.
	Assignment.  Notwithstanding any other provision of this Agreement, EarthLink may assign to any buyer or transferee entity of any of its business all of its rights, and such buyer or transferee entity may assume all of EarthLink's obligations, under this Agreement, and you expressly agree to such assignment and assumption.  In that event, such buyer or transferee entity shall be substituted for EarthLink throughout this Agreement, except that you shall continue to be entitled to receive any other payments or benefits to which you may be entitled from EarthLink or any of its benefit plans, and you will still be required to give to EarthLink the Release set forth in paragraph 3 and comply with the covenant set forth in paragraph 6, which obligations shall survive such assignment to and assumption by such buyer or transferee entity.
	No Employment Contract.  Nothing contained herein shall be construed to be an employment contract between EarthLink and you.  The creation, continuance or change of this Agreement or a payment hereunder does not give you any legal or equitable right against EarthLink to remain employed or to be paid a certain amount.  This Agreement does not modify the terms of your employment.

 

	Tax Matters.  

	Section 4999.  Despite any other provisions of this Agreement to the contrary, if the receipt of any Bonus Payment under this Agreement would subject you to tax under Section 4999 of the Code, EarthLink may determine whether some amount of a Bonus Payment would meet the definition of a "Reduced Amount."  If EarthLink determines that there is a Reduced Amount, the total Bonus Payment to be paid to you hereunder must be reduced to such Reduced Amount, but not below zero.  If EarthLink determines that a Bonus Payment must be reduced to the Reduced Amount, EarthLink will promptly notify you of that determination, with a copy of the detailed calculations.  All determinations by EarthLink under this paragraph are final, conclusive and binding upon you.  It is the intention of EarthLink to reduce a Bonus Payment under this Agreement only if the aggregate Net After Tax Receipts to you would thereby be increased.  As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by EarthLink, however, it is possible that amounts will have been paid under this Agreement to or for your benefit which should not have been so paid ("Overpayment") or that additional amounts which will not have been paid to or for your benefit could have been so paid ("Underpayment"), in each case consistent with the calculation of the Reduced Amount.  If EarthLink, based either upon the assertion of a deficiency by the Internal Revenue Service against EarthLink or you, which EarthLink believes has a high probability of success, or controlling precedent or other substantial authority, determines that an Overpayment has been made, any such Overpayment must be treated for all purposes as a loan which you must repay to EarthLink together with interest at the applicable Federal rate under Section 7872(f)(2) of the Code as soon as administratively practicable after such determination of Overpayment; provided, however, that no such loan may be deemed to be an amount payable by you to EarthLink if and to the extent such deemed loan and payment would not either reduce the amount on which you are subject to tax under Sections 1, 3101 or 4999 of the Code or generate a refund of such taxes.  If EarthLink, based on controlling precedent or other substantial authority, determines that an Underpayment has occurred, EarthLink will pay you the amount of the Underpayment as soon as administratively practicable after such determination of Underpayment only if EarthLink in its sole discretion agrees to pay you the Underpayment.  For purposes of this paragraph, (i) "Net After Tax Receipts" means the Present Value of a payment under this Agreement net of all taxes imposed on you with respect thereto under Sections 1, 3101 and 4999 of the Code, determined by applying the highest marginal rate under Section 1 which applies to your taxable income for the applicable taxable year, (ii) "Present Value" means the value determined in accordance with Section 280G(d)(4) and (iii) Reduced Amount" means the largest aggregate amount of Bonus Payment under this Agreement which (a) is less than the sum of all Bonus Payments under this Agreement and (b) results in aggregate Net After Tax Receipts which are equal to or greater than the Net After Tax Receipts which would result if the aggregate Bonus Payments under this Agreement were any other amount less than the sum of all Bonus Payments to be made hereunder.

	Section 409A.  This Agreement is intended to comply with the applicable requirements of Section 409A of the Code by qualifying for the "short term deferral" exemption and shall be construed and interpreted in accordance therewith.  EarthLink may at any time amend, suspend, or terminate this Agreement, or any payments to be made hereunder, as necessary to be in compliance with Section 409A of the Code.  Notwithstanding the preceding sentence, EarthLink shall not be liable to you or any other person if the Internal Revenue Service or any court or other authority having jurisdiction over such matter determines for any reason that any amount under the Agreement is subject to taxes, penalties or interest as a result of failing to comply with Section 409A of the Code.  If at any time when you are entitled to a Bonus Payment hereunder in connection with your Termination of Employment, to the extent necessary to comply with the "specified employee" rule of Section 409A of the Code, notwithstanding any other provision hereof, no payments may be made hereunder before the date which is six months after your separation from service or, if earlier, the date of your death.  All such amounts which would have otherwise been required to be paid to you during such six months, or, if earlier, your death, shall be paid in one lump sum payment as soon as administratively practical after the date which is six months after your separation from service, or, if earlier, your death.  This provision is intended to comply with, and shall be construed consistent with the meaning of, the "specified employee" rule of Section 409A of the Code.

 

 

 

IN WITNESS WHEREOF, the parties hereto have duly caused this Agreement to be executed.

[Name of EMPLOYEE]

Date:

 

WITNESS

Name:

Date:

 

EARTHLINK, INC.

 

By:

Title:Exhibit 10.1

    Exhibit
      10.1

    AGREEMENT

    

    

    AGREEMENT
      made as of this 14th
      day of
      May, 2007(the "Agreement"), by and between IR BioSciences Holdings, Inc., a
      Delaware corporation (the "Company") and Dr. Lance K. Gordon (the “Director”).

    

    WHEREAS,
      the Company is engaged in the business of developing formulations and compounds
      used to treat a variety of diseases and exposure to multiple agents (the
“Business”);

    

    WHEREAS,
      the Company wishes to appoint the Director as a non-executive member of the
      Board of Directors of the Company and enter into an agreement with the Director
      with respect to such appointment; and

    

    WHEREAS,
      the Director wishes to accept such appointment and to serve the Company on
      the
      terms set forth herein, and in accordance with, the provisions of this
      Agreement.

    

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein, the
      parties hereto agree as follows: 

    

    1. Position.
      Subject
      to the terms and provisions of this Agreement, the Company shall cause the
      Director to be appointed as non-executive member of the Board of Directors
      (the
“Board”) to fill an existing but now vacant directorship and the Director hereby
      agrees to serve the Company in that position upon the terms and conditions
      hereinafter set forth, provided however, that the Director's continued service
      on the Board shall be subject to any necessary approval by the Company's
      stockholders.

    

    2. Duties.
      During
      the Directorship Term (as defined in Section 5 hereof), the Director shall
      serve
      as a member of the Board, and the Director shall make reasonable business
      efforts to attend all Board meetings, serve on appropriate subcommittees as
      reasonably requested by the Board, make himself available to the Company at
      mutually convenient times and places, attend external meetings and
      presentations, as appropriate and convenient, and perform such duties, services
      and responsibilities and have the authority commensurate to such
      position.

    

    The
      Director will use his best efforts to promote the interests of the Company.
      The
      Company recognizes that the Director (i) is a full-time executive employee
      of
      another entity and that his responsibilities to such entity must have priority
      and (ii) sits on the Board of Directors of other entities; although Director
      will use reasonable business efforts to coordinate his respective commitments
      so
      as to fulfill his obligations to the Company and, in any event, will fulfill
      his
      legal obligations as a director. Other than as set forth above, the Director
      will not, without the prior written approval of the Board, engage in any other
      business activity which could materially interfere with the performance of
      his
      duties, services and responsibilities hereunder or which is in violation of
      the
      reasonable policies established from time to time by the Company, provided
      that
      the foregoing shall in no way limit his activities on behalf of (i) his current
      employer and its affiliates or (ii) the Board of Directors of those entities
      on
      which he sits.

     

                    3. Monetary
      Remuneration.

    

    (a)
      Fees
      and Compensation. During the Directorship Term the Director shall receive the
      same compensation and benefits, as other non-employee members of the Board.
      In
      addition, the Company and the Director agree that they shall agree to additional
      monetary compensation for the Director in the event he performs additional
      functions and achieves additional milestones not set forth herein. The
      Director's status during the Agreement Term shall be that of an independent
      contractor and not, for any purpose, that of an employee or agent with authority
      to bind the Company in any respect. All payments and other consideration made
      or
      provided to the Director under Sections 3 and 4 shall be made or provided
      without withholding or deduction of any kind, and the Director shall assume
      sole
      responsibility for discharging, all tax or other obligations associated
      therewith.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                        

     

                            (b)
      Expense
      Reimbursements. During the Directorship Term, the Company shall reimburse the
      Director for all reasonable out-of-pocket expenses incurred by the Director
      in
      carrying out the Director's duties, services and responsibilities under this
      Agreement, provided that the Director complies with the generally applicable
      policies, practices and procedures of the Company for submission of expense
      reports, receipts or similar documentation of such expenses. Any reimbursements
      for allocated expenses (as compared to out-of-pocket expenses of the Director)
      must be approved in advance by the Company.

    

    4. Equity
      Arrangements.
      Subject
      to the Board’s approval, the Company shall grant the Director under the
      Company’s 2003 Stock Option, Deferred Stock and Restricted Stock Plan, a
      non-qualified stock option (the "Option") to purchase One Million (1,000,000)
      shares of common stock at an exercise price per share equal to 85% of the Fair
      Market Value (as defined in the Plan) on the date of the grant approval with
      immediate vesting and a (10)-year term pursuant to an option agreement
      substantially in the form of agreement entered into by the Company and its
      other
      Board members (the "Option Agreement").

    

    5. Directorship
      Term.
      The
      "Directorship Term", as used in this Agreement, shall mean the period commencing
      on the date hereof and terminating on the earliest of the following to
      occur:

    

    (a)
      the
      death of the Director ("Death");

    

    (b)
      the
      termination of the Director from the position of member of the Board by the
      mutual agreement of the Company and the Director;

     

    (c)
      the
      resignation by the Director from the Board if after the date hereof, the chief
      executive officer of his current employer determines that the Director's
      continued service on the Board conflicts with his fiduciary obligations to
      his
      current employer (a "Fiduciary Resignation") and;

    

    (d)
      the
      resignation by the Director from the Board if the board of directors or the
      chief executive officer of his current employer requires the Director to resign
      and such resignation is not a Fiduciary Resignation.

     

    6. Director's
      Representation and Acknowledgment.
      Based
      on the understanding that the Company is currently only engaged in the Business,
      the Director represents to the Company that his execution and performance of
      this Agreement shall not be in violation of any agreement or obligation (whether
      or not written) that he may have with or to any person or entity, including
      without limitation, any prior employer. The Director hereby acknowledges and
      agrees that this Agreement (and any other agreement or obligation referred
      to
      herein) shall be an obligation solely of the Company, and the Director shall
      have no recourse whatsoever against any stockholder of the Company or any of
      their respective affiliates with regard to this Agreement.

    

    7.
      Director
      Covenants.

    

    (a)
      Unauthorized Disclosure. The Director agrees and understands that in the
      Director's position with the Company, the Director has been and will be exposed
      to and receive information relating to the confidential affairs of the Company,
      including but not limited to technical information, business and marketing
      plans, strategies, customer information, other information concerning the
      Company's products, promotions, development, financing, expansion plans,
      business policies and practices, and other forms of information considered
      by
      the Company to be confidential and in the nature of trade secrets. The Director
      agrees that during the Directorship Term and thereafter, the Director will
      keep
      such information confidential and will not disclose such information, either
      directly or indirectly, to any third person or entity without the prior written
      consent of the Company; provided, however, that (i) the Director shall have
      no
      such obligation to the extent such information is or becomes publicly known
      or
      generally known in the Company's industry other than as a result of the
      Director's breach of his obligations hereunder and (ii) the Director may, after
      giving prior notice to the Company to the extent practicable under the
      circumstances, disclose such information to the extent required by applicable
      laws or governmental regulations or judicial or regulatory process. This
      confidentiality covenant has no temporal, geographical or territorial
      restriction. Upon termination of the Directorship Term, the Director will
      promptly return to the Company all property, keys, notes, memoranda, writings,
      lists, files, reports, customer lists, correspondence, tapes, disks, cards,
      surveys, maps, logs, machines, technical data or any other tangible product
      or
      document which has been produced by, received by or otherwise submitted to
      the
      Director in the course or otherwise as a result of the Director's position
      with
      the Company during or prior to the Directorship Term, provided that, the Company
      shall retain such materials and make them available to the Director if requested
      by him in connection with any litigation against the Director under
      circumstances in which (i) the Director demonstrates to the reasonable
      satisfaction of the Company that the materials are necessary to his defense
      in
      the litigation, and (ii) the confidentiality of the materials is preserved
      to
      the reasonable satisfaction of the Company.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)
      Non-Solicitation. During the period ending one (1) year after the Directorship
      Term, the Director shall not interfere with the Company’s relationship with, or
      endeavor to entice away from the Company, any person who, on the date of the
      termination of the Directorship Term, was an employee or customer of the Company
      or otherwise had a material business relationship with the Company.

    

    (c)
      Remedies. The Director agrees that any breach of the terms of this Section
      7
      would result in irreparable injury and damage to the Company for which the
      Company would have no adequate remedy at law; the Director therefore also agrees
      that in the event of said breach or any threat of breach, the Company shall
      be
      entitled to an immediate injunction and restraining order to prevent such breach
      and/or threatened breach and/or continued breach by the Director and/or any
      and
      all entities acting for and/or with the Director, without having to prove
      damages, in addition to any other remedies to which the Company may be entitled
      at law or in equity. The terms of this paragraph shall not prevent the Company
      from pursuing any other available remedies for any breach or threatened breach
      hereof, including but not limited to the recovery of damages from the Director.
      The Director acknowledges that the Company would not have entered into this
      Agreement had the Director not agreed to the provisions of this Section
      7.

    

    The
      provisions of this Section 7 shall survive any termination of the Directorship
      Term, and the existence of any claim or cause of action by the Director against
      the Company, whether predicated on this Agreement or otherwise, shall not
      constitute a defense to the enforcement by the Company of the covenants and
      agreements of this Section 7.

    

    8. Indemnification.
      The
      Company agrees to indemnify the Director for his activities as a director of
      the
      Company to the fullest extent permitted by law, and to cover the Director under
      any directors and officers liability insurance obtained by the Company. Further,
      the Company and the Director agree to enter into an indemnification agreement
      substantially in the form of agreement entered into by the Company and its
      other
      Board members.

    

    9. Non-Waiver
      of Rights.
      The
      failure to enforce at any time the provisions of this Agreement or to require
      at
      any time performance by the other party of any of the provisions hereof shall
      in
      no way be construed to be a waiver of such provisions or to affect either the
      validity of this Agreement or any part hereof, or the right of either party
      to
      enforce each and every provision in accordance with its terms. No waiver by
      either party hereto of any breach by the other party hereto of any provision
      of
      this Agreement to be performed by such other party shall be deemed a waiver
      of
      similar or dissimilar provisions at that time or at any prior or subsequent
      time.

    

    10. Notices.
      Every
      notice relating to this Agreement shall be in writing and shall be given by
      personal delivery or by registered or certified mail, postage prepaid, return
      receipt requested; to:

    

    If
      to the
      Company:

    

    IR
      BioSciences Holdings, Inc.

    4021
      N.
      75th
      Street,
      Suite 201

    Scottsdale,
      Arizona 85251

    Telephone:
      (480) 922-3926

    Attention:
      Michelle R. Laroche, Corporate Secretary

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    with
      a
      copy to: 

    

    Kirkpatrick
      & Lockhart Nicholson Preston Gates Ellis LLP

    10100
      Santa Monica Blvd., 7th
      Floor

    Los
      Angeles, California 90067

    Telephone:
      (310) 552-5000

    Attention:
      Thomas J. Poletti, Esq.

    

    If
      to the
      Director:

    

    Lance
      Kenneth Gordon

    211
      West
      Poplar Ave.

    San
      Mateo, California 94402

    Telephone:
      (650) 342-0495

     

    

    with
      a
      copy to: 

    Robert
      M.
      Goldich, Esq.

    Greenberg
      Traurig, LLP

    2700
      Two
      Commerce Square

    2001
      Market Street

    Philadelphia,
      Pa. 19103

    Tel:
      (215) 988-7883

    

    

    Either
      of
      the parties hereto may change their address for purposes of notice hereunder
      by
      giving notice in writing to such other party pursuant to this Section
      10.

    

    11. Binding
      Effect/Assignment.
      This
      Agreement shall inure to the benefit of and be binding upon the parties hereto
      and their respective heirs, executors, personal representatives, estates,
      successors (including, without limitation, by way of merger) and assigns.
      Notwithstanding the provisions of the immediately preceding sentence, neither
      the Director nor the Company shall assign all or any portion of this Agreement
      without the prior written consent of the other party.

    

    12. Entire
      Agreement.
      This
      Agreement (together with the other agreements referred to herein) sets forth
      the
      entire understanding of the parties hereto with respect to the subject matter
      hereof and supersedes all prior agreements, written or oral, between them as
      to
      such subject matter.

    

    13. Severability.
      If any
      provision of this Agreement, or any application thereof to any circumstances,
      is
      invalid, in whole or in part, such provision or application shall to that extent
      be severable and shall not affect other provisions or applications of this
      Agreement.

    

    14. Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the internal
      laws of the State of Delaware, without reference to the principles of conflict
      of laws. All actions and proceedings arising out of or relating to this
      Agreement shall be heard and determined in any Delaware state or federal court
      and the parties hereto hereby consent to the jurisdiction of such courts in
      any
      such action or proceeding; provided, however, that neither party shall commence
      any such action or proceeding unless prior thereto the parties have in good
      faith attempted to resolve the claim, dispute or cause of action which is the
      subject of such action or proceeding through mediation by an independent third
      party.

    

    15. Legal
      Fees.
      The
      parties hereto agree that the non-prevailing party in any dispute, claim, action
      or proceeding between the parties hereto arising out of or relating to the
      terms
      and conditions of this Agreement or any provision thereof (a "Dispute"), shall
      reimburse the prevailing party for reasonable attorney's fees and expenses
      incurred by the prevailing party in connection with such Dispute; provided,
      however, that the Director shall only be required to reimburse the Company
      for
      its fees and expenses incurred in connection with a Dispute, if the Director's
      position in such Dispute was found by the court, arbitrator or other person
      or
      entity presiding over such Dispute to be frivolous or advanced not in good
      faith.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    16. Modifications.
      Neither
      this Agreement nor any provision hereof may be modified, altered, amended or
      waived except by an instrument in writing duly signed by the party to be
      charged.

    

    17. Tense
      and Headings.
      Whenever any words used herein are in the singular form, they shall be construed
      as though they were also used in the plural form in all cases where they would
      so apply. The headings contained herein are solely for the purposes of
      reference, are not part of this Agreement and shall not in any way affect the
      meaning or interpretation of this Agreement.

    

    18. Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed to be an original but all of which together shall constitute one and
      the
      same instrument.

    

    (remainder
      of this page intentionally left blank)

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company has caused this Agreement to be executed by
      authority of its Board of Directors, and the Director has hereunto set his
      hand,
      on the day and year first above written. 

     

     

     

    
      	 	 	 
	 	IR BIOSCIENCES HOLDINGS,
              INC.
	 
 	 
 	 
 
	
            	By:  	/s/ Michael
              K.
              Wilhelm                         
              
	 	Name: Michael K. Wilhelm
	 	Title:  
              President

    

     

    DIRECTOR

    
      	 	 	 
	 	
            
	 
 	 
 	 
 
	
            	By:  	/s/ Dr.
              Lance K.
              Gordon                         
	 	Name: Dr. Lance K.
              Gordon

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]