Document:

PROCEPT, INC

EXHIBIT 10.5

 

PALIGENT INC.

 

SECOND EXTENSION TO THE

BOARD OF DIRECTORS

CONSULTING AND

CONFIDENTIALITY AGREEMENT

 

THIS SECOND EXTENSION TO THE

BOARD OF DIRECTORS CONSULTING AND CONFIDENTIALITY AGREEMENT, AS AMENDED (the “

Second Extension”), is made as of this 9th day of February, 2001

(the “Effective Date”) by and between PALIGENT INC., a Delaware corporation

(the “Company”) and Michael S. Weiss (the “Consultant”).

 

WHEREAS, the Company and the

Consultant have entered into a Board of Directors Consulting and

Confidentiality Agreement dated as of January 1, 1998 (the “Agreement”);

 

WHEREAS, the Company and the

Consultant have entered into an Extension to the Agreement dated December 3,

1998 (the “Extension”);

 

WHEREAS, the Company and the

Consultant wish to extend the Extension Term for an additional period of one

year commencing January 1, 2000 and ending on December 31, 2000 (the “Second

Extension Term”);

 

NOW, THEREFORE, the Company and

the Consultant, in consideration of the mutual promises contained herein,

hereby agree as follows:

 

1.                                       DEFINITIONS

 

Capitalized

terms used herein and not otherwise defined herein shall have the respective

meanings set forth in the Agreement and the Extension.

 

2.                                       SECOND

EXTENSION

 

2.1      Engagement. The Company hereby retains the Consultant and the

Consultant hereby agrees to perform the services described in Sections 2.1 and

2.2 of the Agreement for the Second Extension Term.

 

2.2      Incorporation of Agreement Provisions. Except as modified

herein, the Company and Consultant agree that all of the provisions of the

Agreement and the Extension are incorporated herein and shall apply to the

Consultancy during the Second Extension Term with the same force and effect as

if forth herein.

 

3.                                       REPRESENTATION,

WARRANTIES AND COVENANTS

 

Consultant hereby represents, warrants and

covenants to the Company that the Consultant is under no contractual or other

restriction or obligation which is inconsistent with his execution of this

Second Extension or the performance of his duties hereunder and that, during

the Second Extension Term, Consultant did not enter into any agreement either

written or oral in conflict with this Second Extension.

 

The Consultant and the Company have executed

and delivered this Second Extension as a document under seal as of the

Effective Date.

 

	

  PALIGENT INC.

  	

  CONSULTANT:

  
	

   

  	

   

  
	

  By:

  	

  /s/ Salvatore A. Bucci

  	

   

  	

  /s/ Michael S. Weiss

  	

   

  
	

   

  	

  Salvatore A. Bucci

  	

  Michael S. Weiss

  
	

   

  	

  President and Chief Executive OfficerEXHIBIT 10

EXHIBIT 10.6

 

PALIGENT INC.

 

SECOND EXTENSION TO THE

BOARD OF DIRECTORS

CONSULTING AND

CONFIDENTIALITY AGREEMENT

 

THIS SECOND EXTENSION TO THE

BOARD OF DIRECTORS CONSULTING AND CONFIDENTIALITY AGREEMENT, AS AMENDED (the “

Second Extension”), is made as of this 9th day of February, 2001

(the “Effective Date”) by and between PALIGENT INC., a Delaware corporation

(the “Company”) and Elliott H. Vernon (the “Consultant”).

 

WHEREAS, the Company and the

Consultant have entered into a Board of Directors Consulting and

Confidentiality Agreement dated as of January 1, 1998 (the “Agreement”);

 

WHEREAS, the Company and the

Consultant have entered into an Extension to the Agreement dated December 3,

1998 (the “Extension”);

 

WHEREAS, the Company and the

Consultant wish to extend the Extension Term for an additional period of one

year commencing January 1, 2000 and ending on December 31, 2000 (the “Second

Extension Term”);

 

NOW, THEREFORE, the Company and

the Consultant, in consideration of the mutual promises contained herein,

hereby agree as follows:

 

4.                                       DEFINITIONS

 

Capitalized terms used

herein and not otherwise defined herein shall have the respective meanings set

forth in the Agreement and the Extension.

 

5.                                       SECOND

EXTENSION

 

5.1      Engagement.

The Company hereby retains the Consultant and the Consultant hereby agrees to

perform the services described in Sections 2.1 and 2.2 of the Agreement for the

Second Extension Term.

 

5.2      Incorporation

of Agreement Provisions. Except as modified herein, the Company and Consultant

agree that all of the provisions of the Agreement and the Extension are

incorporated herein and shall apply to the Consultancy during the Second

Extension Term with the same force and effect as if forth herein.

 

6.                                       REPRESENTATION, WARRANTIES

AND COVENANTS

 

Consultant hereby represents, warrants and covenants to the Company

that the Consultant is under no contractual or other restriction or obligation

which is inconsistent with his execution of this Second Extension or the

performance of his duties hereunder and that, during the Second Extension Term,

Consultant did not enter into any agreement either written or oral in conflict

with this Second Extension.

 

The Consultant and the Company have executed and

delivered this Second Extension as a document under seal as of the Effective

Date.

 

	

  PALIGENT INC.

  	

  CONSULTANT:

  
	

   

  	

   

  
	

  By:

  	

  /s/ Salvatore A. Bucci

  	

   

  	

  /s/ Elliott H. Vernon

  	

   

  
	

   

  	

  Salvatore A. Bucci

  	

  Elliott H. Vernon

  
	

   

  	

  President and Chief Executive OfficerEXHIBIT 10

EXHIBIT 10.7

 

PALIGENT INC.

 

SECOND EXTENSION TO THE

BOARD OF DIRECTORS

CONSULTING AND

CONFIDENTIALITY AGREEMENT

 

THIS SECOND EXTENSION TO THE

BOARD OF DIRECTORS CONSULTING AND CONFIDENTIALITY AGREEMENT, AS AMENDED (the “

Second Extension”), is made as of this 9th day of February, 2001

(the “Effective Date”) by and between PALIGENT INC., a Delaware corporation

(the “Company”) and Zola P. Horovitz, Ph.D. (the “Consultant”).

 

WHEREAS, the Company and the

Consultant have entered into a Board of Directors Consulting and

Confidentiality Agreement dated as of January 1, 1998 (the “Agreement”);

 

WHEREAS, the Company and the

Consultant have entered into an Extension to the Agreement dated December 3,

1998 (the “Extension”);

 

WHEREAS, the Company and the

Consultant wish to extend the Extension Term for an additional period of one

year commencing January 1, 2000 and ending on December 31, 2000 (the “Second

Extension Term”);

 

NOW, THEREFORE, the Company and

the Consultant, in consideration of the mutual promises contained herein,

hereby agree as follows:

 

7.     DEFINITIONS

 

Capitalized terms used herein and not otherwise defined herein shall

have the respective meanings set forth in the Agreement and the Extension.

 

8.     SECOND EXTENSION

 

8.1      Engagement. The Company

hereby retains the Consultant and the Consultant hereby agrees to perform the

services described in Sections 2.1 and 2.2 of the Agreement for the Second

Extension Term.

 

8.2                   Incorporation

of Agreement Provisions. Except as modified herein, the Company and Consultant

agree that all of the provisions of the Agreement and the Extension are

incorporated herein and shall apply to the Consultancy during the Second

Extension Term with the same force and effect as if forth herein.

 

9.     REPRESENTATION, WARRANTIES AND COVENANTS

 

Consultant hereby represents, warrants and covenants to the Company

that the Consultant is under no contractual or other restriction or obligation

which is inconsistent with his execution of this Second Extension or the

performance of his duties hereunder and that, during the Second Extension Term,

Consultant did not enter into any agreement either written or oral in conflict

with this Second Extension.

 

The Consultant and the Company have executed and

delivered this Second Extension as a document under seal as of the Effective

Date.

 

	

  PALIGENT INC.

  	

  CONSULTANT:

  
	

   

  	

   

  
	

  By:

  	

  /s/ Salvatore A. Bucci

  	

   

  	

  /s/ Zola P. Horovitz

  	

   

  
	

   

  	

  Salvatore A. Bucci

  	

  Zola P. Horovitz, Ph.D.

  
	

   

  	

  President and Chief Executive OfficerEXHIBIT 10

EXHIBIT 10.8

 

PALIGENT INC.

 

THIRD EXTENSION TO THE BOARD

OF DIRECTORS

CONSULTING AND

CONFIDENTIALITY AGREEMENT

 

THIS THIRD EXTENSION TO THE

BOARD OF DIRECTORS CONSULTING AND CONFIDENTIALITY AGREEMENT, AS AMENDED (the

“Third Extension”), is made as of this 16th day of May, 2001 (the

“Effective Date”) by and between PALIGENT INC., a Delaware corporation (the

“Company”) and Michael S. Weiss (the “Consultant”).

 

WHEREAS, the Company and the

Consultant have entered into a Board of Directors Consulting and Confidentiality

Agreement dated as of January 1, 1998 (the “Agreement”);

 

WHEREAS, the Company and the

Consultant have entered into an Extension to the Agreement dated December 3,

1998 (the “Extension”);

 

WHEREAS, the Company and the

Consultant have entered into an Extension to the Agreement dated February 9,

2001 (the “Second Extension”);

 

WHEREAS, the Company and the

Consultant wish to extend the Extension Term for an additional period of one

year commencing January 1, 2001 and ending on December 31, 2001 (the “Third

Extension Term”);

 

NOW, THEREFORE, the Company and

the Consultant, in consideration of the mutual promises contained herein,

hereby agree as follows:

 

10.                                                DEFINITIONS

Capitalized

terms used herein and not otherwise defined herein shall have the respective

meanings set forth in the Agreement, the Extension and the Second Extension.

 

11.                                                THIRD

EXTENSION

11.1    Engagement. The Company

hereby retains the Consultant and the Consultant hereby agrees to perform the

services described in Sections 2.1 and 2.2 of the Agreement for the Third

Extension Term.

 

11.2    Consulting

Compensation.  The Company and the

Consultant agree to amend Section 4.2 by deleting paragraph (a) and replacing

it as follows: “Pay Consultant $50,000 per annum, payable in equal monthly installments.”

 

11.3    Incorporation of Agreement

Provisions. Except as modified herein, the Company and Consultant agree that

all of the provisions of the Agreement, the Extension and the Second Extension

are incorporated herein and shall apply to the Consultancy during the Third

Extension Term with the same force and effect as if forth herein.

 

12.                                                REPRESENTATION,

WARRANTIES AND COVENANTS

Consultant hereby represents, warrants and covenants to the Company

that the Consultant is under no contractual or other restriction or obligation

which is inconsistent with his execution of this Third Extension or the

performance of his duties hereunder and that, during the Third Extension Term,

Consultant did not enter into any agreement either written or oral in conflict

with this Third Extension.

 

The Consultant and the Company have executed and

delivered this Third Extension as a document under seal as of the Effective

Date.

 

	

  PALIGENT INC.

  	

  CONSULTANT:

  
	

   

  	

   

  
	

  By: 

  	

  /s/ Salvatore A. Bucci

  	

   

  	

  /s/ Michael S. Weiss

  	

   

  
	

   

  	

  Salvatore A. Bucci

  	

  Michael S. Weiss

  
	

   

  	

  President and Chief Executive Officer

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