Document:

Compliant Alliance Sole Source Agreement

 Exhibit 10.58 
  
 TERMS AND CONDITIONS OF SALE 
  

Committed Alliance-Sole Source Agreement 

 This Compliant Alliance-Sole Source Agreement (“Agreement”) is entered into as of the 30th day of September, 2003, (“Effective Date”) by and between
Siemens Medical Solutions USA, Inc., a Delaware corporation, with offices at 51 Valley Stream Parkway, Malvern, Pennsylvania 19355 (“Siemens” or “SMS”) and Molecular Imaging Corporation, (formerly, Mobile PET Systems, Inc.) with
offices at 2150 W. Washington Street, Suite 110, San Diego, California 92110, on behalf of and together with itself, its subsidiaries and affiliates (“MIC”). 
  
 Preamble: 
  
 MIC has secured and plans to continue to secure contracts with hospitals, other healthcare providers, and mobile medical service providers (collectively, the
“Sites”) and wishes to formalize a committed purchasing agreement for certain diagnostic imaging equipment (“Equipment”), as described in Exhibit A. 
  
 SMS is a manufacturer and marketer of medical device equipment, including, without limitation, the Equipment, and wishes to enter into an
agreement with MIC pursuant to which MIC, from time to time, will purchase Equipment from SMS. 
  
 1.    Scope of Services: 
  
 A.    MIC has represented that it and its subsidiaries and affiliates are qualified and desire to purchase Equipment from SMS under the terms of this Agreement. During the term of this Agreement, MIC agrees that SMS will
be the supplier of at least eighty (80%) percent of the annual expenditures by MIC (including MIC’s subsidiaries and affiliates) for Equipment listed on Exhibit A. Compliance with this commitment will be measured over a twelve (12) month period
(“contract year”) and the first contract year will commence as of the Effective Date of this Agreement; provided, however, MIC and SMS agree that the two units of Equipment ordered prior to the Effective Date shall count towards all
compliance obligations hereunder. As consideration for this commitment, SMS has offered to MIC substantial pricing and terms for the Equipment as well as other value added services. MIC has agreed that not less than twelve (12) units of Equipment
are to be delivered to MIC or its subsidiaries and affiliates during the term of this Agreement; subject to (i) the mutual agreement of MIC and SMS that such Equipment will be used in a mobile route or fixed site which is supported by a viable
business opportunity and (ii) such Equipment is financed by SMS or a third party on terms which are satisfactory to MIC in its reasonable discretion. These twelve units will be included in the calculation of MIC’s compliance obligations. In
addition to Equipment, MIC and its subsidiaries and affiliates may also obtain upgrades and accessories for the Equipment, and post-warranty service agreements for the Equipment, under the terms of separate agreements to be negotiated in good faith
by the parties. 

 B.    SMS will look to MIC, or its subsidiary or affiliate executing the purchase order for such
Equipment, as applicable, for payment on any purchase, lease or other acquisition of Equipment or service, unless MIC and SMS have otherwise agreed to the contrary. All transactions arising under the terms of this Agreement shall reference this
Agreement on their documentation to assure proper credit is allocated to MIC. 
  
 C.    Equipment initially offered hereunder is listed on Exhibit A to this Agreement. There may be additions to or deletions from Exhibit A from time to time during the term of this Agreement, upon mutual consent of the
parties. The terms and conditions governing post-warranty service initially offered hereunder are contained in Exhibit B to this Agreement and, upon MIC’s execution of a mutually agreed upon final master service agreement, the post-warranty
service obligations contained therein shall remain in full force and effect for the life of the service agreement. MIC and SMS shall use commercially reasonable efforts to mutually agree upon a form of service agreement within thirty (30) days after
the Effective Date of this Agreement. 
  
 D.    The fixed
discount percentages for the Equipment as of the Execution Date and for the term of the Agreement are set forth on Exhibit A. The parties understand and agree that during the term of this agreement, Siemens may change its list prices and that the
agreed discounts will then be taken off the then-current list price in effect at the time the order is accepted; provided, however, during the term of the Agreement the prices for the Equipment and hardware/ software/firmware upgrades for the first
twelve (12) units purchased hereunder shall not be greater than the price for such Equipment as of the Execution Date. 
  
 E.    SMS has the capability to offer financing and leasing programs through its own initiatives as well as through programs offered by SMS’
subsidiaries and affiliates. SMS agrees to make such programs available to MIC, but it is the decision of MIC whether to participate in such financing or leasing programs. If MIC wishes to lease through SMS, MIC understands and agrees that it will
need to carry a mutually agreed upon service agreement with SMS for the life of the lease. If MIC does not lease through SMS or purchases the Equipment from SMS, MIC shall not be required to enter into a service agreement. 
  
 F.    Advances in the medical device industry may occur in intervals that
are shorter than the buying cycle for MIC. SMS has agreed to provide certain protection to MIC pursuant to this Agreement against changes in technology and functionality, which may occur between the time the order for Equipment is placed, and the
agreed delivery date for such Equipment. If, after order acceptance and more than one hundred twenty (120) days prior to the order delivery date, SMS introduces new or upgraded hardware, software or firmware for purchased or leased Equipment, MIC
shall have the opportunity to adjust the order for Equipment to incorporate the newer version. This is applicable to all Equipment orders except those orders that require non-standard configurations or which are designed to meet purchaser’s
specifications. 

 2.    Term of Agreement: 
  
 A.    Unless terminated as otherwise provided, this Agreement shall commence as of the Effective Date and continue in
effect for a period of sixty (60) months (“Terms”). Thereafter, the Term may be extended, upon mutual agreement of the parties, for the additional periods (“Renewal Term”). This Agreement may be terminated by either party upon
not less than ninety (90) days prior written notice, effective as of the end of the Term or any Renewal Term. 
  
 A.    Either party may terminate this Agreement upon written notice to the other if there has been a material misrepresentation or a material breach of a material warranty or covenant on the part
of the other party, which default or breach has not been cured (or substantial steps have not been taken towards effecting a cure) within thirty (30) days of the date on which the breaching party receives written notice from the non-breaching party
detailing the nature of the breach or representation. 
  
 C.    SMS may terminate this Agreement effective immediately upon written notice to MIC if MIC shall file for bankruptcy, be adjudicated bankrupt, take advantage of applicable insolvency laws, make an assignment for the
benefit of its creditors, be dissolved, or have a receiver appointed for its property and such filing or adjudication is not dismissed within thirty (30) days after receipt of SMS’ notice of termination. MIC may terminate this Agreement
effective upon written notice to SMS if SMS shall file for bankruptcy, be adjudicated bankrupt, take advantage of applicable insolvency laws, make an assignment for the benefit of its creditors, be dissolved, or have a receiver appointed for its
property and such filing or adjudication is not dismissed within thirty (30) days after receipt of MIC’s notice of termination. If MIC or any affiliate or subsidiary of MIC shall become bankrupt or insolvent prior to the time the full cost of
any Equipment is fully paid for, SMS shall have the right, but not the obligation, to remove such unpaid-for Equipment; provided, however, that SMS’ election to remove such unpaid-for Equipment shall not affect SMS’ right, if any, to
recover any balance due to SMS or pursue any other rights, if any, that SMS may have against MIC, or such affiliate or subsidiary. 
  
 3.    Terms and Conditions: 
  
 A.    During the term of this Agreement, the purchase or lease of Equipment or the provision of Services shall be subject, respectively, to the
SMS Standard Terms and Conditions of Sale, the SMS Standard Lease Terms and Conditions, or the SMS Service Agreement Terms and Conditions, each as is in effect as of the date of such purchase, lease or service agreement execution. A copy of the SMS
Standard Terms and Conditions of Sale in effect as of the Execution Date of this Agreement is attached hereto as Exhibit D, and the parties understand and agree that, from time to time and in the ordinary course of business, SMS may amend its
Standard Terms and Conditions of Sale. Should such amendment occur during the Term, SMS shall advise MIC in writing, providing a copy of the amended terms and conditions of sale for review. 

 If MIC does not object to any of the amended terms and conditions, the amended SMS Standard Terms and Conditions of Sale
shall replace Exhibit D thirty (30) days after receipt of such copy by MIC. In the event of a conflict with or inconsistency between this Agreement and the SMS Standard Terms and Conditions of Sale then in effect, the terms of this Agreement shall
prevail. 
  
 4.    Value Added Programs: 
  
 A.    In order to assist MIC in its commitment to provide cost-effective,
quality services to MIC customers, SMS will offer certain value added programs and services, descriptions of which are attached hereto as Exhibit C, and incorporated herein by reference, to MIC, as mutually agreed by SMS and MIC (“VAP”).

  
 5.    Confidentiality: 
  
 The parties to this Agreement concur that the terms and conditions of this Agreement,
including all Exhibits thereto, and documents relating to performance of activities pursuant to this Agreement, and any information disclosed from one party to the other in conjunction with this Agreement, is considered to be proprietary and
confidential information, the disclosure of which would cause irreparable harm. Therefore, SMS and MIC agree not to disclose, and will cause their affiliates, employees, servants, and agents not to disclose, the contents of this Agreement or any
other materials or information disseminated in conjunction with this Agreement, the documents relating to activities pursuant to this Agreement and VAP without first obtaining the prior written consent of the other party; provided however,
disclosure may be made if required by law. 
  
 6.    Indemnification: 
  
 A.    SMS shall indemnify, defend and hold harmless MIC and its respective directors, officers, employees and agents from and against any and all claims, demands, actions, losses, expenses, damages, liability, costs and
judgments arising out of bodily injury, property damage or any other damage or injury caused by any defect in the Equipment provided by SMS hereunder to the extent such damage or injury is not caused or contributed to by the negligence or misconduct
of the party seeking such indemnification. 
  
 B.    SMS shall
have no liability for any claim based upon or any damages attributable to (i) use of other than an unaltered current release of the Equipment, to the extent such claim or damage would have been avoided by use of an unaltered current release of the
Equipment, (ii) use of Equipment in other than the operating environment specified to MIC, to the extent such claim or damage would have been avoided by use of the Equipment in the specified operating environment or (iii) combination, operation or
use of the Equipment with equipment, programs or data, or for use in a manner not approved by SMS, to the extent such claim or damage would have been avoided by the absence of such non-SMS supplied or approved equipment, program, data or use.

 C.    MIC shall indemnify and hold harmless SMS, its directors, officers, agents and employees, from
and against any and all claims, demands, losses, actions, expenses, damages, liabilities, costs and judgment arising out of bodily injury, property damage or any other damage or injury, caused by any action of MIC, its servants, agents or employees,
or, to the extent appropriate under the specific transactions contemplated hereunder with various Sites, caused by any action of the Site, its respective servants, agents or employees, in connection with the use or repair of the Equipment, including
without limitation, any professional medical liability arising as a result of the operation of the Equipment, to the extent such damage or injury is not caused or contributed to by the negligence or misconduct of the party seeking such
indemnification. 
  
 7.    Dispute Resolution: In an effort to
effectively and economically manage the resolution of any disagreement which might arise during the term of this Agreement with respect to the obligations of the parties hereunder, the parties agree to appoint a representative with decision-making
authority to meet and discuss the areas in dispute. If after good faith negotiations, the representatives are not able to resolve the disagreement to their mutual satisfaction, the disagreement shall be submitted to executives of the respective
entities (Vice Presidential level or higher) for resolution. If the executives are unable to resolve the disagreement, the matter may be submitted to mediation or resolved through alternate dispute resolution. Should any party believe the dispute is
not suitable for mediation or alternate dispute resolution, or if such techniques do not produce results satisfactory to the disputants, either party may proceed with litigation thereafter. 
  
 8.    Miscellaneous: 
  
 A.    This Agreement shall be governed by and construed in accordance
with the laws of the State of Pennsylvania, without giving effect to its conflict of laws provisions. 
  
 B.    This Agreement is not assignable by either party without the prior written consent of the other, provided, however, that SMS may assign any of its obligations to a subsidiary or affiliate
upon notice to the other party. 
  
 C.    Nothing in this
Agreement shall be considered to create the relationship of employer/employee between SMS and MIC, nor will a partnership or joint venture be formed as a result of the relationships described in this Agreement. The parties are, and will remain,
independent contractors and neither will have the ability to act for or bind the other. No employee, agent or representative of a party will be considered to be an employee, agent or representative of the other. 

 D.    This Agreement, the Exhibits thereto, and any ancillary documents needed to complete the
transactions contemplated herein, constitutes the entire understanding between the parties relating to the subject matter of this Agreement, and may only be amended in a writing signed by each party which states that such writing is an amendment to
this Agreement. 
  
 E.    A party shall be excused from its
performance hereunder, or from any obligation contained in this Agreement or any ancillary documentation other than the obligation of payment, to the extent performance is prevented or delayed by reason of any circumstance beyond the reasonable
control of the party affected (“force majeure”). If either party is faced with a force majeure event, the affected party shall immediately notify the other of the occurrence thereof and the affected party shall, if practicable under the
specific circumstances, have the right to perform within a reasonable time after the force majeure event is over. 
  
 F.    This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and
the same agreement. The parties represent that each has the requisite approvals necessary to enter into this Agreement and perform its obligations hereunder. 
  
 G.    When any notice is required or permitted to be given under any provision of this Agreement, such notice shall be made in writing and signed by
or on behalf of the party giving such notice to the address below, mailed certified mail, postage prepaid, return receipt requested, or sent by nationally recognized overnight courier and addressed to the party to whom such notice is to be given at
the addresses set forth below (or such other address as may be provided by a party through written notice as set forth herein. Notices are considered delivered on the post-marked date or the date delivered to a courier for next workday delivery.

  

	To SMS:	 	To MIC:
		
	Siemens Medical Solutions USA, Inc.	 	Molecular Imaging Corporation
	51 Valley Stream Parkway	 	2150 W. Washington Street, Suite 110
	Malvern, PA 19355	 	San Diego, CA 92110
	Attention: Vice President, G&NA	 	Attention: Mr. Paul J. Crowe
	Copy to: Associate General Counsel	 	 

  
 H.    During the
term of this Agreement, without the prior written consent of the other party, and such consent will not be unreasonably withheld or delayed, neither party shall attempt to hire any person who is employed by the other party; assist in the hiring by
any other entity or person of any person who is at the time employed by the other party; or encourage any such employee to terminate his or her relationship with the other party. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date first above written 
  

	 SIEMENS MEDICAL SOLUTIONS USA, INC.
	 	 	 	 MOLECULAR IMAGING CORPORATION

					
	By:	 	/s/ LES FRIEND	 	 	 	By:	 	/s/ PAUL J. CROWE
	 	
	 	 	 	 	

	 	 	Name: Les Friend	 	 	 	 	 	Name: Paul J. Crowe
	 	 	 Title: VP Strategic
 National Accounts
	 	 	 	 	 	Title: Chief Executive OfficerEmployment Letter by and between Corautus and Jack W. Callicutt

 Exhibit 10.6 
  
 [LETTERHEAD] 
  
 August 27, 2003 
  
 Mr. Jack Callicutt 
 5035 Old Oak Trace 
 Roswell, GA 30075 
  
 Dear Jack: 
  
 We are pleased to offer you a position with Corautus Genetics Inc. (the
“Company”) as its Vice President, Finance and Administration, Chief Accounting Officer and Assistant Secretary, reporting to the Company’s Chief Financial Officer, Mr. Robert Atwood (please note that your election to officer positions
is subject to approval by the Board of Directors of the Company (the “Board”)). If you accept our offer, your first day of employment will be September 1, 2003 (the “Effective Date”). 
  
 Salary.    Upon joining us, you will receive an
annual salary of $140,000 (pro rated for partial years), which will be paid semi-monthly in accordance with the Company’s normal payroll procedures. After the Initial Term (see Term below), your salary will be subject to periodic review
in accordance with the Company’s normal compensation review procedures. 
  
 Benefits.    You will be entitled to participate in the Company’s retirement or group insurance, hospitalization, medical, dental, health and accident, disability or similar plan or
program now existing or established hereafter to the extent that you are eligible under the general provisions thereof and on the same basis as similarly situated employees. Benefits currently include a basic healthcare plan for each employee,
short-term and long-term disability, term life insurance equal to two times your annual salary and a matching contribution to our 401K Plan equal to 50% of your contribution up to 3% of compensation. Notwithstanding the foregoing, you should note
that the Company retains the right to modify its benefits programs from time to time, as it deems necessary. 
  
 Term.    This agreement will be for an initial term of one (1) year from the Effective Date (the “Initial Term”).
Thereafter, the agreement will continue on an at will employment basis following the end of the Initial Term unless you or the Company gives two weeks’ written notice of termination. 
  
 Stock Options.    Upon joining us, you will receive a grant of nonqualified options to purchase
20,000 shares of Corautus common stock under the Corautus Genetics Inc. 2002 Stock Plan or any successor stock option plan (the “Option Plan”), subject to approval by the Board as required under the Option Plan. Each share will have an
exercise price equal to the closing price of a share of Company common stock on the effective date of the grant, which will be the later of the date of Board action or the Effective Date. The options will become exercisable and vested as follows,
subject to your continued employment on each vesting date: (i) 2,500 option shares will vest and become exercisable immediately on the effective date of the grant; (ii) an additional 1,000 option shares will vest and become exercisable on the last
day of each calendar month 

 Mr. Jack Callicutt 
 August 27, 2003 
  Page
 2
 
  

 
commencing with September 30, 2003 and ending on August 30, 2004; and (iii) the remaining 5,500 option shares will become fully vested and exercisable on
August 30, 2004. The options will expire 10 years from the effective date of the grant, or 90 days after you terminate service with the Company, if earlier, provided however that if your termination is for Cause, your options will expire on your
termination date. 
  
 Without Cause
Termination.    If the Company terminates your employment during the Initial Term, without Cause, the Company will continue to pay your salary for a period which is the greater of (i) the remainder of the Initial Term or (ii)
three months from the effective date of your termination. If the Company terminates your employment after the Initial Term, without Cause, the Company will continue to pay your salary for a period of three months from the effective date of your
termination. As a condition to the payment of any such severance pay, you must sign a general release of any and all claims that you, your heirs and assigns and/or estate may have against the Company and its related parties, in such form as the
Company may require. 
  
 Change in
Control.    Upon a change in control of the Company (as defined in Section 2(d) of the Option Plan; “Change in Control”) during your employment, all remaining unvested options from the stock option grant provided
hereinabove will become fully and immediately vested and exercisable. 
  
 Definition of Cause.    For purposes of this Agreement, “Cause” shall mean: 
  
 (i)    your the willful and continuous failure to substantially perform your duties (other than as a result of a
written determination of injury or illness); 
  
 (ii)    any violation by you of any Federal or state law or regulation applicable to the business of the Company, the violation of which can reasonably be expected to expose the Company to criminal investigation or
prosecution, material regulatory investigation, material financial loss and/or significant injury to its business reputation, or your breach of any written agreement between you and the Company or of any other written agreement the Company may
designate, or your conviction of a felony (including, without limitation, any nolo contendere plea), or any adjudication of your perpetration of a common law fraud; 
  
 (iii)    your engagement in any activity that is in conflict of interest or competitive
with the Company or its affiliates (other than any isolated, insubstantial and inadvertent action not taken in bad faith and which is promptly remedied by you upon notice by the Company); 
  
 (iv)    your engaging in any act of
fraud or dishonesty against the Company or any of its affiliates or any material breach of federal or state securities or commodities laws or regulations; 
  
 (v)    your engaging in an act of assault or other acts of violence in the workplace; or 

 Mr. Jack Callicutt 
 August 27, 2003 
  Page
 3
 
  

 (vi)    your harassment of any individual in the workplace based
on age, gender or other protected status or class or violation of any policy of the Company regarding harassment. 
  
 Other Compensation.    Except for the payments and benefits, if any, explicitly provided under this agreement, you will receive
no other benefits, compensation or other remuneration of any type after termination of employment, except as required by law or by the applicable terms and provisions of any employee benefit plan applicable to you. The effect of the termination of
your employment on your subsequent entitlement to benefits under any bonus arrangement, stock option agreement or employee benefit plan shall be determined in accordance with the governing documents with respect to such arrangements, agreements or
plans, respectively. 
  
 Withholding.    All payments to you are subject to all withholding deductions mandated by applicable law (including, without limitation, withholding for income and social security taxes) and deductions (if any)
approved by you (including, without limitation, any deductions for the employee contribution for benefit programs as the Company, in its discretion, may from time to time establish), and may be further reduced by any amount owed by you to the
Company at the time the payment is made in satisfaction of such obligation, to the extent permitted under applicable law. 
  
 Expenses.    The Company will reimburse you for all reasonable expenses you incur in connection with your employment duties in
accordance with the Company’s normal expense reimbursement policies. Such reimbursement will only be made if you provide an account of the expenses in such detail as the Company may request. 
  
 Pre-Employment Clearance.    The Company reserves
the right to conduct background investigations and/or reference checks on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check and you will be notified in
writing when this work has been completed. For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be
provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 
  
 Full-Time Employee.    As an employee, you agree to devote your full business time, attention, skill and effort exclusively to
the performance of the duties that the Company may assign you from time to time. You agree not to engage in any business activities or to render any services of a business, commercial, or professional nature, whether or not for compensation, for the
benefit of anyone other than the Company, unless the Company has given its consent in writing in advance. You may not be an officer or director of another entity unless the Company has given its prior written consent. You agree not to work for any
competitive enterprise during your employment with the Company, including after hours, on weekends, or during vacation time, even if only organizational assistance or limited consultation is involved. 
  
 Company Policies and Procedures.    As a Company
employee, you will be expected to abide by Company rules and standards. We expect you to conduct yourself at all times in a 

 Mr. Jack Callicutt 
 August 27, 2003 
  Page
 4
 
  

 
business-like and professional manner as appropriate for your position and to represent the Company in all respects in compliance with good business and
ethical practices. In addition, you will be subject to and must abide by the policies and procedures of the Company applicable to personnel of the Company, as may be adopted from time to time. You will be specifically required to sign an
acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Corautus Genetics Inc. Policies and Procedures Manual. As a condition of your employment, you will also be required to sign and
comply with an Employment, Confidential Information and Inventions Assignment Agreement which requires, among other provisions, the assignment of patent rights to any invention(s) made during your employment at the Company, and non-disclosure of
proprietary information. You will also be required to sign the Arbitration Agreement as a condition of employment. 
  
 Vacation and Holidays.    The Company’s holiday schedule is enclosed. In addition, employees are entitled to five personal
days per year and to vacation time based upon the number of years of employment with the Company. As an officer of the Company, you can earn up to four weeks of annual vacation upon joining the Company. You will earn vacation benefits on a pro rata
basis. Once you accrue your maximum allotted vacation, you will cease accruing additional vacation until you use enough vacation to fall below the maximum. At such time you will resume earning vacation from that date forward. 
  
 At Will Employment.    The Company is excited
about your joining and looks forward to a beneficial and fruitful relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to
resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause and with or without notice. As noted above, we request that, in the event of
resignation, you give the Company at least two weeks’ notice. 
  
 No Conflicts.    By accepting this offer, you represent and warrant to the Company that your acceptance of this employment arrangement will not cause you to violate the terms and conditions of any obligation or
agreement to which you are a party and will not expose the Company to any liability in connection with any such obligation or agreement. 
  
 Acceptance.    To indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided
below. A duplicate original is enclosed for your records. This letter, along with the Arbitration Agreement, the Employment, Confidential Information and Inventions Assignment Agreement and the Company’s Policies and Procedures Manual, sets
forth the terms of your employment including, but not limited to, its at-will employment provision, supersedes any prior representations or agreements, whether written or oral, and may not be modified or amended except by a written agreement signed
by the Company’s CEO and you. The unenforceability of any provision hereof shall not render unenforceable or impair the remainder of this agreement which shall be deemed amended to delete or modify, as necessary, the invalid or unenforceable
provisions Your compensation and benefits hereunder are nontransferable and nonassignable. This offer of employment will terminate if it is not accepted, signed and returned by September 1, 2003. 

 Mr. Jack Callicutt 
 August 27, 2003 
  Page
 5
 
  

 We look forward to your favorable reply and to working with you at Corautus Genetics. 
  
 Sincerely, 
  
 /s/ Richard E.
Otto                           
 Richard E. Otto, President and CEO 
  
 Agreed to and accepted: 
  
 /s/ Jack Callicutt 
 Jack Callicutt

  
 Date: September 1, 2003 
  
 Enclosures: 
 Duplicate Original Letter 
 Employment, Confidential Information, Invention Assignment Agreement 

Arbitration Agreement

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