Document:

Letter Agreement dated August 2, 2012

 Exhibit 10.10 
 [SUPERVALU Logo] 
 Corporate Offices 
 PO Box 990 
 Minneapolis, MN 55440 
 (952) 828-4000 
 August 2, 2012 
 Wayne C. Sales 
 Dear Wayne: 
 We are pleased to outline the terms of your employment in the position of President and Chief Executive Officer of SUPERVALU INC (the “Company”). We look forward to benefiting from your
experience, knowledge and leadership in your new role with the Company. You will continue as a member of the Board of Directors of the Company (the “Board”) and we have taken action to amend the Company’s by-laws in order to allow you
to continue as Chairman of the Board following your appointment as President and Chief Executive Officer. As we agreed, your employment commenced on July 29, 2012. 
 The specific terms of your employment are as follows: 

TERM: This letter agreement shall have a two-year term, ending on July 28, 2014 (the
“Term”). The Term is subject to extension only by a mutual, written, signed agreement by you and the Company. 

SIGNING BONUS: You will be paid a signing bonus of $1,260,000 in two
installments of $630,000 each; the first to be paid within fourteen days of your signing this letter, and the second on the first anniversary of your commencement of employment as the Chief Executive Officer (July 29, 2013). This signing bonus is
subject to all applicable taxes and withholdings. If you are terminated by the Company without “Cause” (as defined herein), the unpaid portion of the signing bonus will be paid to you in a lump sum not later than fourteen days following
your termination. If your employment ends for any other reason, any unpaid portion of the signing bonus will be forfeited. 

SALARY: You will earn a salary during the Term at an annualized rate of
$1,500,000 (subject to applicable federal and state income and social security tax withholding requirements), which will 

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be paid in substantially equal installments in accordance with the Company’s payroll policies. If you are terminated by the Company without Cause (as defined herein), the portion of the
salary which would have been paid from your termination date through the end of the Term will be paid to you in a lump sum (subject to all applicable taxes and withholdings) not later than fourteen days following your termination. If your employment
ends for any other reason, you will receive no salary following your termination/end of employment. 
 CASH
BONUS: You will earn a cash bonus for the portion of the Company’s fiscal year ending February 23, 2013 equal to $1,000,000 (subject to all applicable taxes and withholdings), paid not later
than 2-1/2 months following the end of such fiscal year. You will have the opportunity to earn a bonus for (A) the Company’s fiscal year ending February 22, 2014 with a minimum of zero, a target of $1,500,000 and a maximum of $3,000,000, to be
paid not later than 2-1/2 months following the end of such fiscal year, and (B) the period commencing on February 23, 2014 and ending at the end of the Term with a minimum of zero, a target of $500,000 and a maximum of $1,000,000, in each case based
on the attainment of performance goals proposed by you to, and subject to the final approval of, the Leadership Development and Compensation Committee of the Board (the “Compensation Committee”), and paid not later than 2-1/2 months
following the end of the applicable performance period. If you are terminated by the Company without Cause (as defined herein), you will be paid (i) in a lump sum not later than fourteen days following your termination, the minimum bonus in respect
of the Company’s fiscal year ending February 23, 2013, if not previously paid, (ii) in a lump sum not later than fourteen days following your termination, the target bonus for (X) the Company’s fiscal year ending February 22, 2014 and (Y)
the period commencing on February 23, 2014 and ending at the end of the Term, to the extent that your termination is prior to end of any such period and (iii) when it would be paid in the ordinary course, the bonus actually earned by you in respect
of the Company’s fiscal year ending February 23, 2014 if your termination occurs on or after February 23, 2014 and such bonus has not previously been paid. If your employment ends for any other reason, you will receive no bonuses following your
termination/end of employment; provided that, if your employment ends at the end of the Term, you will receive the bonus in respect of the period commencing on February 23, 2014 and ending at the end of the Term in the ordinary course as described
above. 
 STOCK UNIT GRANTS: On August 2, 2012 and, if
you are still employed as Chief Executive Officer on July 29, 2013, on July 29, 2013, you will receive a grant of stock units (the “Stock Units”) under the Company’s 2012 Stock Plan (the “Stock Plan”) in respect of a number
of shares of the Company’s common stock (“Stock”) equal to $1,100,000 divided by the closing price of a share of Stock on the New York Stock Exchange (the “Closing Price”) on the date of grant (with the number of shares
being adjusted, if appropriate, in accordance with Section 4(c) of the Stock Plan). These Stock Units will be converted into shares of Stock (on a one-for-one basis) at the earliest of (i) the second anniversary of the date of grant, (ii) your
incurrence of a “separation from service” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), other than on account of your death or your becoming “disabled” (within the meaning
of Section 409A(a)(2)(C) of the Code), (iii) the fifth business day following your 

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death or your becoming “disabled” (within the meaning of Section 409A(a)(2)(C) of the Code) and (iv) a “Change in Control,” as defined in the Stock Plan, provided that such
Change in Control is a change in ownership or effective control, or in the ownership of a substantial portion of the assets, of the Company for purposes of Section 409A of the Code (a “Change in Control”). 

PERFORMANCE SHARE GRANTS: On August 2, 2012 and, if you are
still employed as Chief Executive Officer on July 29, 2013, you will receive a grant of performance shares (the “Performance Shares”) under the Stock Plan with a target number of shares of Stock equal to $1,100,000 divided by the closing
price of a share of Stock on the New York Stock Exchange on the date of grant (with the target number of shares being adjusted, if appropriate, in accordance with Section 4(c) of the Stock Plan). These Performance Shares will be converted into
shares of Stock on the ”Performance Share Settlement Date” (as defined below), with the number of shares being equal to (i) zero if the “Average Closing Price” (as defined below) on the “Measurement Date” (as defined
below) is 50% or less of the Closing Price on the date of grant, (ii) 100% of the target number, if the Average Closing Price on the Measurement Date is equal to the Closing Price on the date of grant, (iii) 200% of the target number, if the Average
Closing Price on the Measurement Date is 200% of the Closing Price on the date of grant, and (iv) 300% of the target number, if the Average Closing Price on the Measurement Date is 300% of more of the Closing Price on the date of grant, with
straight-line interpolation of the number of shares where the Average Closing Price on the Measurement Date is between 50% - 100%, 100% - 200% and 200% - 300% of the Closing Price on the date of grant. For purposes of this paragraph: 

 

	 	1.	“Measurement Date” means the earlier of (i) the first anniversary of the applicable grant date, (ii) the date of a Change in Control, or (iii) the date of
your separation from service for purposes of Section 409A of the Code due to a termination of your employment by the Company without Cause (as defined herein). 

 

	 	2.	“Average Closing Price” means (a) if the Measurement Date is determined pursuant to either clause (i) or clause (iii) of the definition of “Measurement
Date,” the average of the Closing Prices for the 20-trading day period ending immediately prior to the applicable Measurement Date, and (b) if the Measurement Date is determined pursuant to clause (ii) of the definition of “Measurement
Date,” the fair market value of the Stock as determined with reference to the Change of Control transaction. 

  

	 	3.	“Performance Share Settlement Date” means the earliest of (i) the second anniversary of the date of grant, (ii) the fifth business day following your death or
your becoming “disabled” (within the meaning of Section 409A(a)(2)(C) of the Code) or (iii) the date of a Change in Control. 

 Notwithstanding the above, (i) any Performance Shares as to which the Measurement Date has not occurred at the time of your death or your becoming “disabled” (within the meaning of Section
409A(a)(2)(C) of the Code) will be converted into the target number of shares of Stock upon your death or such disability, (ii) if your employment is terminated by the Company 

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without Cause (as defined herein), any Performance Shares which had already been granted and as to which the Measurement Date has not yet occurred at the time of your termination shall be
converted at the Performance Share Settlement Date into the greater of (A) the number of shares of Stock determined by applying the first paragraph under “Performance Share Grants” above or (B) the applicable target number of shares of
Stock, (iii) any Performance Shares as to which the Measurement Date has not occurred at the time your employment is terminated due to your resignation shall be forfeited, (iv) any Performance Shares as to which the Performance Share Settlement Date
has not occurred at the time your employment is terminated by the Company with Cause (as defined herein) shall be forfeited, and (v) the Compensation Committee may adjust the performance goals described above in its sole discretion in connection
with a corporate transaction or otherwise. 
 TERMINATION OF
EMPLOYMENT: In addition to the payments and benefits described above, if your employment is involuntarily terminated by the Company without Cause (as defined herein) prior to July 29, 2013, you
will receive a lump sum payment of $2,200,000 (subject to all applicable taxes and withholdings) in respect of, and in lieu of, the Stock Unit and Performance Share grants scheduled to be made to you on July 29, 2013, with such payment being made
not later than fourteen days following your termination. If your employment ends for any other reason, you will not be eligible to receive this lump sum payment. 
 BENEFITS: In addition to your compensation described in the preceding paragraph, you will be able to participate in the
Company’s comprehensive benefits program. This program is summarized in a document that you previously received from the Company. The Company will cooperate with your efforts in maintaining your existing retiree medical coverage from a prior
employer. 
 REIMBURSEMENT OF
EXPENSES/COMMUTING: The Company will pay or reimburse you for all reasonable travel and other business related expenses incurred by you in performing your duties as President and
Chief Executive Officer in accordance with the Company’s policies and procedures as in effect from time to time; provided, however that the Company will not reimburse you for living expenses incurred by you in Minnesota. However, the Company
will assist you in commuting between your residence in Florida or Michigan and the Company’s executive offices in Minnesota, not more than one round-trip per week, by either, at your option, (i) providing you with use of the Company’s
aircraft, if the Company owns or controls an aircraft and it is available, or (ii) reimbursing you for the cost of flying commercial first class, provided that you shall be responsible for all taxes incurred by you in connection with this benefit.

 PAID TIME OFF: The Company has
a Paid Time Off (PTO) policy that provides a bank of paid time for needs such as vacation, personal illness, family needs, etc. You will be eligible for 27 days of PTO annually, which will be prorated during your first year of employment based on
your start date. 
 EXECUTIVE DEFERRED COMPENSATION
PLAN: You will be eligible to participate in the Executive Nonqualified Deferred Compensation Plan which provides favorable pretax deferrals of your Base Compensation, as well
as tax deferred growth and credited interest. Enrollment in this plan occurs in December of each year. 

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 ANNUAL
PHYSICAL: You will be a member of the Company’s Leadership Council and are therefore eligible for an annual executive physical exam with the health care provider of
choice. 
 NON-EMPLOYEE DIRECTOR
COMPENSATION: During the period that you serve as President and Chief Executive Officer of the Company you will not be eligible to receive compensation or benefits (including without limitation
director fees) pursuant to any non-employee director plans or programs maintained by the Company, other than that granted prior to the date of this letter. Once you cease serving as President and Chief Executive Officer, you will, subject to your
continued service as a member of the Board, once again be eligible to receive director fees and to participate in any non-employee director compensation or benefit plans or programs available to non-employee directors generally. 

OTHER DIRECTORSHIPS: In connection with your appointment as President and Chief Executive
Officer, you will resign or take an indefinite leave of absence from any other directorships that the Board determines would conflict with your duties as President and Chief Executive Officer, specifically including without limitation your
directorships at Georgia Gulf Corporation and Discovery Air Inc. However, you may continue serving as a director of Tim Hortons Inc. 

MISCELLANEOUS: Your employment will be “at will,” which means that either you or the
Company may terminate your employment for any reason, at any time, with or without notice. You hereby waive any rights to participate in the Company’s Executive & Officer Severance Pay Plan, and consequently you will not participate in such
plan and you are not eligible to receive any payments or benefits under such plan. You will not be provided with a Change of Control Severance Agreement, and you are not eligible to receive any payments or benefits under the Company’s Change of
Control Severance Agreement. 
 DEFINITION OF “CAUSE”: For purposes of this
letter and the use of the term herein, “Cause” means: (1) the continued failure to substantially perform your duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness), after a
written notice has been provided identifying the manner in which you have not substantially performed your duties, and after you have had six months to improve your performance to the Company’s expectations; (2) the conviction of, or plea of
guilty or nolo contender to, a felony or your engagement in conduct which, in the Company’s opinion, is materially and demonstrably injurious to the Company; (3) the commission of an act or acts of personal dishonesty intended to result in your
substantial personal enrichment at the expense of the Company; provided however, that in no event shall Cause exist by virtue of any action taken by you in compliance with the express written directions of the Board or in reliance upon the express
written consent of the Company’s counsel; or (4) your failure to comply with Company policies relating to Code of Business Conduct, Equal Employment Opportunities and Harassment, or Workplace Violence. To constitute a termination for Cause
under this definition, you also will be provided a notice of 

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termination within six (6) months after the Company has actual knowledge of the act or omission constituting Cause, you will be provided with an opportunity to be heard by the Board no earlier
than 30 days following the notice of termination; and there must be a good faith determination of Cause by at least 2/3s of the nonemployee outside directors of the Company. Whether the termination meets the criteria for Cause outlined above will be
determined by the Company in its sole discretion based on all the facts and circumstances. The Company’s decision will be final and binding. 
 NON-COMPETE, NON-SOLICITATION, CONFIDENTIALITY AND MANDATORY
ARBITRATION: By accepting this offer, you agree to the Confidentiality, Non-Compete, and Non-Solicitation provisions contained in the “Terms and Conditions of Employment “ attached
as Exhibit A, and that are incorporated herein by reference. You also agree that any and all employment disputes occurring during or after your employment with SUPERVALU are subject to mandatory arbitration.

ENTIRE AGREEMENT: This offer letter and Agreement is intended to be the entire
agreement between the Company and you with respect to the matters described herein. No waiver or modification shall be valid unless made in writing, signed by both you and the Chair of the Board’s Leadership Development and Compensation
Committee. 
 CONTROLLING LAW: This Agreement shall in
all respects be interpreted, enforced and governed by the laws of the State of Minnesota. 

SEVERABILITY: You agree that the terms of this Agreement are severable, and if
any provision of this Agreement is found to be void and unenforceable by a court, that judgment will not affect, impair or invalidate the remainder of this Agreement. 
 Please feel free to contact Dave Pylipow at (952) 828-4930 with any questions regarding the terms outlined in this letter. If the foregoing accurately expresses our mutual understanding, please execute
the enclosed copy of this letter in the space provided below, and return to Mr. Pylipow. 
  

	
	Sincerely,
	
	  
	Susan E. Engel, Chair, Leadership Development
	and Compensation Committee

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	AGREED AND ACCEPTED:
	
	  
	WAYNE C. SALES

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 EXHIBIT “A” 

TERMS AND CONDITIONS OF EMPLOYMENT 
 The following are confidentiality, noncompete, nonsolicitation and mandatory arbitration agreements referenced in the attached offer letter. By accepting this offer of employment, you agree to these
terms and conditions. As they concern important legal rights, you are urged to read carefully, and consult counsel, if necessary, to ensure you understand these provisions. 

As used below, “You” refers to the individual to whom this offer of employment is being extended. “Company” refers to
SUPERVALU INC., and all of its subsidiaries, affiliates, and related companies. 
 You affirm, agree and understand that the
offer letter, as attached, includes the following provisions, and that by accepting the Company’s offer of employment, You agree to abide by, and be bound by, the following: 

 

	1.	Confidentiality. You acknowledge that, in the course of your employment with the Company, You will have access to Confidential Information
that was obtained or developed by the Company at great expense and that is zealously guarded from unauthorized disclosure. Your access to and possession of this Information will be due solely to your employment with the Company. You agree You will
not, at any time during or following termination of employment for any reason, disclose, use, or otherwise make available to any third party, any Confidential information relating to the Company’s business, products, services, customers,
vendors, or suppliers; trade secrets, data, specifications, techniques; long and short term plans, existing and prospective client, vendor, supplier, and employee lists, contacts, and information; financial, personnel, and information system
information and applications; and any other information concerning the business of the Company which is not disclosed to the general public or known in the industry, except with the express written consent of the Company. All Confidential
Information, including all copies, notes regarding, and replications of such Confidential Information will remain the sole property of the Company, as applicable, and must be returned to the Company immediately upon your termination from the
Company. 

  

	2.	Non-Solicitation of Customers, Vendors, or Suppliers. You specifically acknowledge that the Confidential Information described above includes confidential
data pertaining to existing and prospective customers, vendors, and suppliers of the Company; that such data is a valuable and unique asset of the business of the Company, and that the success or failure of their businesses depends upon their
ability to establish and maintain close and continuing personal contacts and working relationships with such existing and prospective 

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customers, vendors, and suppliers and to develop proposals which are specific to such existing and prospective customers, vendors and suppliers. Therefore, You agree that for twelve (12)
months following the date of your termination from the Company, You will not (except on behalf of the Company, or with the Company’s express written consent) solicit, approach, contact or attempt to solicit, approach, or contact, either
directly or indirectly, on your own behalf or on behalf of any other person or entity, any existing or prospective customers, vendors, or suppliers of the Company with whom You had contact or about whom You gained Confidential Information during
Your employment with the Company for the purpose of obtaining business or engaging in any commercial relationship that would be competitive with the “Business of the Company” (as defined above or cause such customer, supplier, or vendor to
materially change or terminate its business or commercial relationship with the Company. This provision is in addition to, and not in lieu of, similar provisions in any other agreement(s) between You and the Company. 

 

	3.	Non-Solicitation of Employees. You specifically acknowledge that the Confidential Information described above also includes confidential
data pertaining to Employees and agents of the Company, and You further agree that for twelve (12) months following your termination of employment, You will not, directly or indirectly, on your own behalf or on behalf of any other person or entity,
solicit, contact, approach, encourage, induce or attempt to solicit, contact, approach, encourage, or induce any of the employees or agents of the Company to terminate their employment or agency with the Company. 

 

	4.	Non-Competition. You covenant and agree that for twelve (12) months following your termination of employment, You will not, in any geographic market in
which You worked on behalf of the Company, or for which You had any sales, marketing, operational, logistical, or other management or oversight responsibility, engage in or carry on, directly or indirectly, as an owner, Employee, agent, associate,
consultant, partner, or in any other capacity, a business competitive with the Business of the Company. 

  

	 	a.	The “Business of the Company” shall mean any business or activity involved in grocery or general merchandise retailing and supply chain logistics, including
but not limited to grocery distribution, business-to-business portal, retail support services, and third-party logistics, of the type provided by the Company, or presented in concept to You by the Company at any time during your employment with the
Company. 

  

	 	b.	To “engage or carry on” shall mean to have ownership in such business (excluding ownership of up to 1% of the outstanding shares of a publicly-traded company)
or to consult, work in, direct, or have responsibility for any area of such business, including but not limited to operations, logistics, sales, marketing, finance, recruiting, sourcing, purchasing, information technology, or customer service.

  

	5.	 Mandatory Arbitration. You covenant and agree that any controversy or claim arising out of or relating to your employment
relationship with SUPERVALU of the termination of that relationship must be submitted for final and binding resolution by a private and 

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impartial arbitration, under the Employment Dispute Resolution rules of the American Arbitration Association. This includes, but is not limited to, any claim that could be asserted in
court or before an administrative agency or claims for which the employee has an alleged cause of action, including without limitation claims for breach of any contract or covenant (express or implied); tort claims; claims for discrimination,
harassment or retaliation under local, state or federal statutes; claims for wrongful discharge; claims for violations of the Family and Medical Leave Act or any other local, state, federal or other governmental law, statute, regulation, and whether
based on statute or common law. This includes claims against SUPERVALU, any of its affiliated or subsidiary entities, or its individual officers, directors, or employees. 

This does not include the following claims: 
  

	 	a.	Claims for workers compensation or unemployment benefits 

  

	 	b.	Claims under the National Labor Relations Act, as amended; 

  

	 	c.	Claims based on current or future employee benefit and/or welfare plans that contain a dispute resolution procedure therein; or 

 

	 	d.	Claims by SUPERVALU for injunctive or other equitable relief based on your alleged breach of covenants under Confidentiality, Non Compete, Non Solicitation, or Non
Disparagement Clauses. 

 The burden of proof at arbitration shall be on the party seeking relief. Each party shall
bear its own costs and attorneys fees. In reaching a decision, the arbitrator shall apply the governing substantive law applicable to the claims, causes of action and defenses asserted by the parties. The arbitrator shall have the power to award all
remedies that could be awarded by a court or administrative agency in accordance with the governing and applicable substantive law. 
 However, you agree that in the event you are terminated for Cause as defined above, that such termination will be determined by the Company in its sole discretion based on all the facts and circumstances
and that the Company’s decision will be final and binding decision as approved by the Company’s Board of Directors and that decision will be final and binding. 
 You also agree that the arbitration procedure described herein does not alter your status as an “at-will” employee, meaning both you and SUPERVALU have the right to terminate employment at any
time and for any reason. 
  

	6.	Governing Law. You agree that the internal law, and not the law of conflicts, of the State of Minnesota, shall govern all questions concerning the
validity, construction and effect of this Agreement.Fourth Amended and Restated Employment Agreement

 Exhibit 10.1 
 FOURTH AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 This Fourth Amended and
Restated Employment Agreement (this “Agreement”) is made and entered into as of the     day of May, 2012 (the “Effective Date”), by and between CytRx Corporation, a Delaware corporation (“Employer”),
and Steven A. Kriegsman, an individual and resident of the State of California (“Employee”), with reference to the following facts: 
 A. Employer and Employee previously entered into a Third Amended and Restated Employment Agreement, dated May 17, 2005 (the “2005 Employment Agreement”), under which Employee is serving as
President and Chief Executive Officer of Employer. 
 B. Employer believes that Employee has been and will continue to be an
integral part of its management and is and will continue to be responsible for developing its business. 
 C. Employee possesses
extensive knowledge regarding Employer’s business, including confidential and proprietary information concerning marketing plans and strategy, business plans, projections, and the formulae and models pertaining thereto, customer needs and
peculiarities, finances, operations, billing methods, customer lists and trade secrets. 
 D. Employer and Employee desire to
amend and restate the 2005 Employment Agreement under which Employee shall continue to serve on a full-time basis as Employer’s President and Chief Executive Officer on the terms set forth in this Agreement, effective as of the Effective Date.

 NOW, THEREFORE, upon the above premises, and in consideration of the mutual covenants and agreements hereinafter contained,
the parties hereto agree as follows. 
 1. Continuation and Expiration of 2005 Employment Agreement. Employer and Employee agree
that Employee shall continue to be employed as Employer’s President and Chief Executive Officer under the terms of the 2005 Employment Agreement through the Effective Date. Employer and Employee agree that with the exception of Employee’s
remaining scheduled salary payments, if any, from May 1, 2012 to the day before the Effective Date and the reimbursement of any unpaid expenses incurred by Employee to the day before the Effective Date in accordance with Employer’s expense
reimbursement policy, Employer will owe no further cash compensation or other amounts to Employee on the Effective Date under the 2005 Employment Agreement. 
 2. Employment Agreement. Effective as of the Effective Date, Employer hereby retains Employee as Employer’s President and Chief Executive Officer, and Employee hereby accepts such employment
and position with Employer, on the terms 

  
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and conditions set forth herein. Employer understands that his duties as President and Chief Executive Officer may change from time to time over the term of this Agreement in the discretion of
Employer’s Board of Directors, but such duties shall in all events be consistent with the duties customarily assigned to the Chief Executive Officer of a company such as Employer. 

3. Duties. Employee shall perform all duties assigned to him by the Employer’s Board of Directors faithfully, diligently and
to the best of his ability. Such duties include, without limitation, the overseeing and implementation of the business plan adopted by the Board of Directors (as may be revised from time to time by the Board of Directors). Employee shall perform the
services contemplated under this Agreement in accordance with the policies established by and under the direction of the Board of Directors. Employee shall have such corporate power and authority as shall reasonably be required to enable him to
discharge his duties under this Agreement. 
 4. Time and Efforts. Subject to the exceptions set forth in this
Section 4, Employee shall devote 100% of his business time, efforts, attention, and energies to Employer’s business in order to implement Employer’s business plan and discharge his duties under this Agreement. 

4.1. Directorship Exception. Notwithstanding any other provision of this Section 4, while this Agreement is in effect,
Employee may serve on the board of directors of up to three companies other than Employer, but in no event shall Employee serve on the board of directors of any company that is directly competitive with Employer or serve as the chairman of any audit
committee or other committee of any other board of directors that requires substantial additional time on the part of Employee beyond that customarily required to serve as a member of the board of directors unless such service is approved by the
Board of Directors. Employee may make and manage personal business investments of his choice and serve in any capacity with any civic, educational or charitable organization, or any governmental entity or trade association, without seeking or
obtaining approval by the Board of Directors, provided such activities and services do not materially interfere or conflict with the performance of his duties hereunder. 
 4.2. The Kriegsman Group Exception. Employee agrees that immediately following completion of the SuperGen, Inc. assignments, Employee will either (i) terminate the operations of The Kriegsman
Group or (ii) retain a new President for The Kriegsman Group and thereafter cease all personal activities on behalf of The Kriegsman Group. Nothing contained in this Section 4 shall limit Employee’s right to engage in activities or
receive benefits from The Kriegsman Group solely in his capacity as an equity owner of that firm. 
 5. Term.
Employee’s employment under this Agreement shall commence on the Effective Date and shall continue until December 31, 2015 (the “Expiration Date”), unless sooner terminated by Employer or Employee in accordance with
Section 7 (the “Term”); provided, however, that unless Employer or Employee gives written notice to the other party to the contrary at least 180 days prior to the Expiration Date, this Agreement

  
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shall automatically be extended for an additional term of one (1) year following the Expiration Date; and, provided further, that this Agreement shall continue to renew automatically for an
additional term of one (1) year on each anniversary of the Expiration Date unless Employer or Employee gives written notice to the other party to the contrary at least 90 days prior to such anniversary date. References herein to the
“Term” shall include any automatic extensions pursuant to the preceding sentence. Provision of a notice that this Agreement will not be extended shall not constitute a breach of this Agreement. 

6. Compensation. As the total consideration for Employee’s services rendered under this Agreement, Employer shall pay
Employee the following compensation: 
 6.1. Salary. Commencing as of the Effective Date, Employer shall pay Employee an
annual salary of $700,000 per year, in 24 equal semi-monthly installments, on the 15th and last day of each month during the Term. Employee’s annual salary shall be subject to review annually by the Board of Directors of Employer and may be
increased (but not decreased) in the sole discretion of the Board of Directors or the Compensation Committee of the Board. 

6.2. Bonus Compensation. Employee shall receive an annual cash bonus on or before December 31 during each year of the Term.
The amount of each such bonus payment shall be determined by Employer’s Board of Directors or Compensation Committee, in its sole discretion, but in no event shall any such bonus be less than $150,000 for each year during the Term. 

6.3. Stock Options. Employee also be eligible for grants of stock options and other equity awards based on Employer stock in
accordance with Employer’s practices and policies with respect to its senior executives. 
 6.4. Expense
Reimbursement. Employer shall promptly reimburse Employee for reasonable and necessary business and entertainment expenses incurred by Employee in connection with the performance of Employee’s duties in accordance with Employer’s usual
reimbursement policies and procedures in effect from time to time. 
 6.5. Vacation. Employee shall continue to accrue
vacation days without loss of compensation in accordance with Employer’s usual policies applicable to all employees at a rate of four weeks vacation time for each 12-month period during the Term. 

6.6. Employee Benefit Plans and Fringe Benefits. Employee shall be eligible to participate in all employee benefit plans and
programs, fringe benefits and perquisites as in effect generally with respect to other senior officers of Employer. During the Term, Employer shall also continue to make fixed annual premium payments of $5,000 on the Transamerica Occidental Life
Insurance Company policy insuring Employee under which Employee or his designee is the beneficiary. 

  
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 6.7. Tax Withholding. Employer shall have the right to deduct from the compensation
due to Employee hereunder any and all sums required for social security and withholding taxes and for any other federal, state, or local tax or charge which may be in effect or hereafter enacted or required as a charge on the compensation of
Employee. 
 7. Termination. 
 7.1. Termination by Employer for Cause. Employer may terminate Employee’s employment hereunder for “Cause” (as defined below), provided that Employer has complied with the provisions
of this Section 7.1. Employee shall be given written notice by Employer’s Board of Directors of the intention to terminate him for Cause. Such notice shall state in reasonable detail the particular circumstances that constitute Cause for
termination. Employee shall have 15 days after receiving such notice in which to cure such circumstances, to the extent such cure is possible. If cure is not possible, or if he fails to cure such circumstances, Employee shall then be entitled to a
hearing before the Board. Such hearing shall be held within 20 days of his receiving such notice, provided that he requests such hearing within 15 days of receiving such notice. If, within five days following such hearing, the Board gives written
notice to Employee confirming that, in the judgment a majority of the members of the Board (excluding Employee), Cause for terminating his employment on the basis set forth in the original notice exists, the Term and Employee’s employment
hereunder shall be terminated for Cause. The term “Cause” for purposes of this New Employment Agreement shall mean any of the following: 
 (a) Employee has materially breached any material term of this Agreement; 
 (b)
Employee is (i) convicted of, or has entered a plea of guilty or nolo contendere to, any felony that in the reasonable judgment of Employer’s Board of Directors is materially injurious to Employer or its reputation or (ii) is
convicted of, or has entered a plea of guilty or nolo contendere to, any misdemeanor, felony or other crime of moral turpitude that in the reasonable judgment of the Board of Directors of Employer is materially injurious to Employer or its
reputation; provided, however, that in the event Employee is indicted for, or charged with, the commission of any felony that in the judgment of the Board of Directors could reasonably be expected to result in substantial lasting harm to Employer or
its reputation, Employer shall be entitled summarily to suspend Employee’s services to Employer hereunder, without a loss to Employee of his compensation and other benefits hereunder, during the pendency of such indictment or charge;

 (c) Employee has willfully committed (i) any act of fraud or gross misconduct against Employer or (ii) any act of
fraud or gross misconduct not directly involving Employer that in the reasonable judgment of the Board of Directors of Employer is materially injurious to Employer or its reputation; or 

  
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 (d) Employee has willfully failed or refused or is legally unable (other than due to his
death or total disability as defined in Section 19), to perform his duties as required under this Agreement. 
 If Employer
terminates Employee’s employment for Cause, the termination shall take effect on the effective date (determined under Section 16) of the final written notice to Employee pursuant to this Section 7.1, and Employee shall be entitled to
(i) a lump sum cash payment, payable within ten (10) business days after the date of termination of Employee’s employment, equal to the sum of (A) any accrued but unpaid salary as of the date of such termination, (B) any
accrued but unpaid bonus due under Section 6.2 for any annual period ended prior to the date of such termination and (C) the minimum bonus under Section 6.2 for the annual period in which such termination occurs, prorated through the
date of such termination, and (ii) such benefits, if any, to which Employee or his dependents or beneficiaries may then be entitled as a participant under the employee benefit plans referred to in Section 6.6. In the event of the
termination of Employee’s employment for Cause, Employee’s stock options and any other equity awards based on Employer’s securities, such as restricted stock, restricted stock units, stock appreciation rights, performance units, etc.
shall, to the extent then vested and exercisable, remain vested and exercisable in accordance with their terms 
 7.2.
Termination by Employer without Cause. Employer may terminate Employee’s employment without Cause, which termination shall take effect on the effective date (determined under Section 16 of this Agreement) of written notice of such
termination to Employee. A termination by Employer in accordance with this Section 7.2 shall not be deemed a breach of this Agreement. Upon any termination of Employee’s employment by Employer without Cause pursuant to this
Section 7.2, Employee shall be entitled to (i) a lump sum cash payment, payable within ten (10) business days after the date of termination of Employee’s employment, equal to the sum of (A) any accrued but unpaid salary as
of the date of such termination, (B) any accrued but unpaid bonus due under Section 6.2 for any annual period ended prior to the date of such termination and (C) the minimum bonus under Section 6.2 for the annual period in which
such termination occurs, prorated through the date of such termination; (ii) such benefits, if any, to which Employee and his dependents or beneficiaries may then be entitled as a participant under the employee benefit plans referred to in
Section 6.6; (iii) immediate vesting of all of Employee’s stock options and any other equity awards based on Employer securities, such as restricted stock, restricted stock units, stock appreciation rights, performance units, etc, all
of which shall remain exercisable for their full term; (iv) continuation of the life insurance premium payments through the expiration of the then current Term, but in no event for a period of less than 24 months; (vi) continued
participation, through the expiration of the then current Term, but in no event for a period of less than 24 months, of Employee and each of his dependents in any Employer-sponsored health plan at the benefit level in effect from time to time and
with COBRA benefits commencing thereafter. In addition to the foregoing payments and continuation of benefits, Employer shall pay Employee in a lump-sum within 10 days following the date of termination of Employee’s employment an amount equal
to the sum of (x) Employee’s salary as provided in Section 6.1 and (y) the minimum bonus 

  
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under Section 6.2 that would otherwise be payable for the period (the “Severance Period”) commencing on the date of termination of Employee’s employment and ending on the
later of (1) the expiration of the Term and (2) the second anniversary of such termination date. 
 7.3.
Termination by Employee for Good Reason. Employee may terminate his employment hereunder for “Good Reason,” which shall mean any material breach by Employer of the terms hereof that is not corrected by Employer within five days
after written notice by Employee to Employer, including, without limitation, (i) the assignment to Employee of any duties inconsistent in any respect with his position as Chief Executive Officer (including status, offices, titles, reporting
requirements, authority, duties or responsibilities); (ii) any failure by Employer to comply with its compensation obligations under this Agreement; or (iii) Employer’s requiring Employee to be based at any office or location other
than in Los Angeles, California or within ten miles of the current location of the Company’s headquarters. If Employee terminates his employment for Good Reason, subject to Employer’s right to cure as set forth above, the termination shall
take effect on the effective date (determined under Section 16) of the written notice to Employer, and Employee shall be entitled to the same payments and benefits, at the same times, described in Section 7.2 for a termination by Employer
without Cause. 
 7.4. Termination by Employee without Good Reason. Employee shall have the right to voluntarily
terminate his employment hereunder at any time without Good Reason upon 30 days’ written notice to Employer. A voluntary termination by Employee in accordance with this Section 7.4 shall not be deemed a breach of this Agreement. Upon any
voluntary termination of employment by Employee without Good Reason pursuant to this Section 7.4, Employee shall be entitled only to such payments and benefits as those described in Section 7.1 for a termination by Employer for Cause.

 7.5. Termination in Connection with a Change in Control. For purposes of this Section 7.5, a “Change in
Control” shall have the meaning ascribed to such term in Employer’s 2000 Long-Term Incentive Plan and shall also have the meaning ascribed to the term “Corporate Transaction” in Employer’s 2008 Stock Incentive Plan, as each
such Plan may be amended from time to time. If a Change in Control occurs during the Term, and if, during the Term and within two years after the date on which the Change in Control occurs, Employee’s employment is terminated by Employer
without Cause or by Employee for Good Reason, then Employee will be entitled to the payments and benefits, at the same times, described in Section 7.2 for a termination by Employer without Cause. In addition, to the extent that any payment or
distribution of any type to or for Employee by Employer (which for purposes of this Section 7.5 includes any parent, subsidiary or affiliate of Employer), whether paid or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise (including, without limitation, any accelerated vesting of stock options or other equity awards based on Employer stock granted pursuant to this Agreement or otherwise) (collectively, the “Total Payments”) is or will
be subject to the excise tax (“Excise Tax”) imposed under Section 

  
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4999 of the Internal Revenue Code of 1986, as amended (the “Code”) (or any successor to such Section), Employer shall pay to Employee, prior to the time any Excise Tax is payable with
respect to any of such Total Payments (through withholding or otherwise), an additional amount (a “Gross-Up Payment”) that, after the imposition of all income, employment, excise and other taxes, penalties and interest thereon, is equal to
the sum of (i) the Excise Tax on such Total Payments plus (ii) any penalty and interest assessments associated with such Excise Tax. The determination of whether any portion of the Total Payments is subject to an Excise Tax and, if so, the
amount and time of any Gross-Up Payment pursuant to this Section 7.5, shall be made by an independent auditor (the “Auditor”) jointly selected by Employee and Employer and paid by Employer. If Employee and Employer cannot agree on the
firm to serve as the Auditor, then they shall each select an accounting firm and those two firms shall jointly select the accounting firm to serve as the Auditor. Unless Employee agrees otherwise in writing, the Auditor shall be a nationally
recognized United States public accounting firm that has not during the two years preceding the date of its selection, acted in any way on behalf of Employer. Employee and Employer shall cooperate with each other in connection with any proceeding or
claim relating to the existence or amount of any liability for Excise Tax. All expenses relating to any such proceeding or claim (including attorneys’ fees and other expenses incurred by Employee in connection therewith) shall be paid by
Employer promptly upon demand by Employee, and any such payment shall be subject to a Gross-Up Payment under this Section 7.5 in the event that Employee is subject to Excise Tax on it. 

7.6. Section 409A of the Code. This Agreement is intended to comply with the applicable requirements of Section 409A of
the Code and the regulations promulgated thereunder (“Section 409A”), and shall be administered in accordance with Section 409A to the extent Section 409A of the Code applies to the Agreement. Notwithstanding anything in the
Agreement to the contrary, distributions pursuant to the Agreement that are subject to Section 409A may only be made in a manner, and upon an event, permitted by Section 409A. 

The provisions of this Agreement shall be construed and interpreted to avoid the imposition of any additional tax, penalty or interest
under Section 409A while preserving, to the extent possible, the intended benefits hereunder payable to Employee. Employer and Employee agree that any payment made pursuant to this Agreement due to Employee’s “separation from
service” as defined in Section 409A shall be delayed in accordance with Section 409A(a)(2)(B)(i) of the Code (six month delay) if and to the extent required to avoid the imposition of any tax, penalty or interest under
Section 409A. Any additional cost to Employee by reason of such postponement period, including, for example, Employee’s payment of the cost of health benefits during the postponement period, shall be reimbursed by the Company to Employee
after such period has ended. If Employee dies during the postponement period prior to the payment of benefits, the amounts withheld on account of Section 409A shall be paid to Employee’s beneficiary, or if none, to the personal
representative of Employee’s estate within 30 days after the date of Employee’s death. 

  
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 8. No Mitigation; No Offset. Employee shall have no obligation to seek other
employment or to otherwise mitigate Employer’s obligations to him arising from the termination of his employment, and no amounts paid or payable to Employee by Employer under this Agreement shall be subject to offset for any remuneration to
which Employee may become entitled from any other source after his employment with Employer terminates, whether attributable to subsequent employment, self-employment or otherwise. 

9. First Offer. Employee acknowledges and agrees that a material inducement to Employer to enter into this Agreement is the
Employee’s expertise in, knowledge of and ability to identify acquisition candidates within, the biotech, pharmaceutical and health care industries. Accordingly, Employee agrees that Employee will provide, and will cause The Kriegsman Group for
so long as Employee is the principal owner of The Kriegsman Group to provide, Employer’s Board of Directors with the first opportunity to conduct or take action with respect to any acquisition opportunity or any other potential transaction
identified by Employee or The Kriegsman Group within the biotech, pharmaceutical or health care industries and that is within the scope of the business plan adopted by the Employer’s Board of Directors. Employee’s obligations under this
Section 9 shall commence on the Effective Date and shall continue while this Agreement is in effect. 
 10.
Confidentiality. While this Agreement is in effect and for a period of five years thereafter, and except as otherwise required by law or legal process and after reasonable notice to Employer and opportunity for Employer to intervene, Employee
shall hold and keep secret and confidential all Trade Secrets and other confidential or proprietary information of Employer and shall use such information only in the course of performing Employee’s duties hereunder; provided, however, that
with respect to “trade secrets” (as defined under applicable law), Employee’s confidentiality obligations shall continue for so long as they remain “trade secrets” under applicable law. Employee shall maintain in trust all
such “trade secret” or other confidential or proprietary information, as Employer’s property, including, but not limited to, all documents concerning Employer’s business, including Employee’s work papers, telephone
directories, customer information and notes, and any and all copies thereof in Employee’s possession or under Employee’s control. Upon expiration or earlier termination of Employee’s employment with Employer, for any reason, or upon
request by Employer, Employee shall deliver to Employer all such documents belonging to Employer, including any and all copies in Employee’s possession or under Employee’s control. 

11. Equitable Remedies; Injunctive Relief. Employee hereby acknowledges and agrees that monetary damages are inadequate to fully
compensate Employer for the damages that would result from a breach or threatened breach of Sections 9 or 10 hereof and, accordingly, that Employer shall be entitled to equitable remedies, including, without limitation, specific performance,
temporary restraining orders, and preliminary injunctions and permanent injunctions, to enforce such Sections without the necessity of proving actual damages in connection therewith. This provision shall not, however, diminish Employer’s right
to claim and recover damages or enforce any other of its legal or equitable rights or defenses. 

  
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 12. Severable Provisions. The provisions of this Agreement are severable and if any
one or more provisions is determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions, and any partially unenforceable provisions to the extent enforceable, shall nevertheless be binding and enforceable.

 13. Binding Agreement. This Agreement shall inure to the benefit of and shall be binding upon Employer, its successors
and assigns and Employee and his heirs and representatives. Neither party may assign this Agreement without the prior written consent of the other party. 
 14. Entire Agreement. This Agreement contains the entire agreement of the parties relating to the subject matter hereof, and the parties hereto have made no agreements, representations or
warranties relating to the subject matter of this Agreement that are not set forth otherwise herein. This Agreement supersedes any and all prior agreements, written or oral, between Employee and Employer relating to the subject matter hereof. Any
such prior agreements are hereby terminated and of no further effect and Employee, by the execution hereof, agrees that any compensation provided for under any such prior agreements is specifically superseded and replaced by the provisions of this
Agreement. No modification of this Agreement shall be valid unless made in writing and signed by the parties hereto and unless such writing is made by an executive officer of Employer (other than Employee) after approval by Employer’s Board of
Directors. The parties hereto agree that in no event shall an oral modification of this Agreement be enforceable or valid. 

15. Governing Law. This Agreement is and shall be governed and construed in accordance with the laws of the State of California
without giving effect to California’s choice of law rules. 
 16. Notice. All notices and other communications under
this Agreement shall be in writing and mailed, telecopied or delivered by hand or by a nationally recognized courier service guaranteeing overnight delivery to a party at the following address (or to such other address as such party may have
specified by notice given to the other party pursuant to this provision and shall be effective when personally delivered or two (2) business days after being mailed: 
 If to Employer: 
 CytRx Corporation 

11726 San Vicente Boulevard, 
 Suite 650 
 Los Angeles, California 90049 

Facsimile: (310) 826-5529 
 Attention: General Counsel 

  
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 With a copy to: 
 Dale Short 
 Troy & Gould Professional Corporation 

1801 Century Park Boulevard 
 Sixteenth Floor 
 Los Angeles, California 90067 

Facsimile: (310) 201-4746 
 If to Employee: 
 Steven A. Kriegsman 

The Kriegsman Group 
 11726 San Vicente Blvd., Suite 650 
 Los Angeles, CA 90049 

Facsimile: (310) 826-5529 
 With a copy to: 
  
                                  
                

                      
                           
                                  
                

                      
                           
                                  
                
 17. [Intentionally
Omitted]. 
 18. Arbitration. The parties agree if any controversy or claim shall arise out of this Agreement or the
breach hereof (other than claims (a) for equitable relief, including specific performance, injunctive relief or temporary restraining orders or (b) enforcing this Section 18 or an arbitration award granted in accordance herewith), and
either party shall request that the matter be settled by arbitration the matter shall be settled exclusively by final and binding arbitration before JAMS (or its successor pursuant to the United States Arbitration Act, 9 U.S.C. Section 1 et
seq.) in accordance with the provisions of JAMS’ Streamlined Arbitration Rules and Procedures in effect at such time, by a single arbitrator, if the parties shall agree upon one, or by one arbitrator appointee by each party and a third
arbitrator appointed by the other arbitrators. In case of any failure of a party to make an appointment referred to above within two (2) weeks after written notice of controversy, such appointment shall be made by JAMS. All arbitration
proceedings shall be held in the City of Los Angeles, and each party agrees to comply in all respects with any award made in such proceeding and to the entry of a judgment in any jurisdiction upon any award rendered in such proceeding. Each party
will pay the fees of their respective attorneys, the expenses of their respective witnesses, costs of any record or transcript of the arbitration, and any other expenses connected with the arbitration that such party might be expected to incur had
the dispute been subject to resolution in court, but all costs of the arbitration that would not be incurred by the parties if the dispute was litigated in court, including fees of the arbitrator and any arbitration association administrative fees
will be paid by Employer. 

  
 -10-

 19. Death or Disability. In the event of Employee’s death or
“Disability” (as defined below) during the Term, the Employee’s employment shall automatically cease and terminate as of the date of Employee’s death or the effective date of Employer’s written notice to Employee of its
decision to terminate his employment by reason of his Disability, as the case may be, and Employee shall be entitled to the same payments and benefits, at the same times, as described in Section 7.2 for a termination of employment by Employer
without Cause. Likewise, any stock options and other equity awards held by Employee at the time of his death or Disability shall immediately vest in full upon such termination and shall remain exercisable thereafter for the full term of such options
and equity rights. Notwithstanding the foregoing or any provision of Section 7.2, Employer’s obligation to pay Employee the salary and bonus called for in Section 7.2 during the Severance Period following termination of his employment
by reason of his Disability shall be subject to offset and shall be reduced by any and all amounts paid to Employee under any disability insurance policy paid or provided for by Employer as provided in Section 6.6 or otherwise. For purposes of
this Agreement, the term “Disability” means the inability of Employee to perform substantially all of his duties hereunder for any period of at least 120 consecutive days by reason of any physical or mental incapacity. 

20. Survival. In the event this Agreement expires after its Term or is terminated, the provisions of Sections 7, 10, 11, 12,
15, 16, 18, 19 and 22 shall survive. 
 21. Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement. 
 22.
Indemnification. 
 22.1. Employer Indemnity. If Employee is made a party, or is threatened to be made a party, to
any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), by reason of the fact that he is or was a director, officer or employee of Employer or any affiliate of Employer or was serving at
the request of Employer or any affiliate of Employer as a director, officer, member, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether
or not the basis of such Proceeding is Employee’s alleged action in an official capacity while serving as a director, officer, member, employee or agent, then Employer will indemnify Employee and hold him harmless to the fullest extent legally
permitted or authorized by Employer’s certificate of incorporation or bylaws or resolution of the Board of Directors to the extent not inconsistent with the laws of the State of Delaware, against all cost, expense, liability and loss
(including, without limitation, attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by Employee in connection therewith, except to the extent
attributable to Employee’s gross negligence or fraud), and such indemnification 

  
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shall continue as to Employee even if he has ceased to be a director, member, officer, employee or agent of Employer or affiliate and shall inure to the benefit of Employee’s heirs,
executors and administrators. Employer will advance to Employee all reasonable costs and expenses to be incurred by him in connection with a Proceeding within 20 days after receipt by Employer of a written request for such advance. Such request
shall include an undertaking by Employee to repay the amount of such advance if it shall ultimately be determined that he is not entitled to be indemnified against such costs and expenses. The provisions of this subsection 22.1 shall not be deemed
exclusive of any other rights of indemnification to which Employee may be entitled or which may be granted to him and shall be in addition to any rights of indemnification to which he may be entitled under any policy of insurance. 

22.2. No Presumption Regarding Standard of Conduct. Neither the failure of Employer (including its Board of Directors, independent
legal counsel or stockholders) to have made a determination prior to the commencement of any proceeding concerning payment of amounts claimed by Employee under the preceding subsection 22.1 of this Section 22 that indemnification of Employee is
proper because he has met the applicable standard of conduct, nor a determination by Employer (including its Board of Directors, independent legal counsel or stockholders) that Employee has not met such applicable standers of conduct, shall create a
presumption the Employer has not met the applicable standard of conduct. 
 22.3. Liability Insurance. Employer will
continue and maintain a directors and officers liability insurance policy covering Employee to the extent Employer provides such coverage for its other senior executive officers. 

  
 -12-

 IN WITNESS WHEREOF, this Agreement is executed as of the day and year first above written.

  

			
	“EMPLOYER”
	
	 CytRx Corporation,

a Delaware corporation

		
	By:	 	 /s/ Max Link, Ph.D.

	Name:	 	Max Link, Ph.D.
	Title:	 	Chairman of the Board
	
	“EMPLOYEE”
	
	 /s/ Steven A. Kriegsman

	Steven A. Kriegsman

  
 -13-

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