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Prepared by MERRILL CORPORATION

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Exhibit 10.1    
  

 
 

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT    
  

    This Second Amendment to Employment Agreement ("Amendment"), effective as of July 1, 2001, is made by and between NANOGEN, INC., a Delaware
corporation (the "Company"), and MICHAEL D. MOORE (the "Executive"). 

RECITALS  

    WHEREAS, the Company and Executive have entered into an Employment Agreement dated December 6, 1999, superceded by an Employment Agreement dated
June 15, 2000 and a First Amendment to Employment Agreement dated July 28, 2000 (collectively the "Employment Agreement"); and 

    WHEREAS,
the Company and Executive wish to amend the Employment Agreement as described herein. 

    NOW,
THEREFORE, the Company and Executive, in consideration of the Executive's continued employment with the Company, agree as follows: 

TERMS  

	1.
	 Title/Responsibilities.  In Article II, Section A (Title/Responsibilities) of
the Employment Agreement, Executive's title is stated to be "Senior Vice President and General Manager". The title and position of "Senior Vice President and General Manager" is hereby deleted from
the Employment Agreement, and the title and position of "Senior Vice President, Operations" is substituted.

	2.
	Full Time Attention.  Article II, Section B (Full Time
Attention) of the Employment Agreement requires Executive to "devote his best efforts and his full business time and attention to the performance of the services customarily
incident to such office and to such other services as the Board may reasonably request". This language is hereby deleted, and the following language is substituted: "Executive shall devote his best
efforts and his time and attention to the performance of the services customarily incident to such office and to such other services as the Board may reasonably request while working three full
(3) days per week at the Nanogen San Diego office and one full (1) day per week from his Bay Area residence".

	3.
	Base Salary.  Article III, Section A (Base Salary) of
the Employment Agreement sets Executive's base salary at $250,000 per year. This language is hereby deleted, and the annual Base Salary is hereby set at the rate of one hundred fifty thousand dollars
($150,000).

	4.
	Stock Options.  Article IV, Section E (Stock Options) of
the Employment Agreement provides for certain vesting schedules for stock options granted to Executive at various times. Effective July 1, 2001, Executive's stock options will vest at eighty
percent (80%) of his current vesting schedule, as set forth in Exhibit A attached hereto and incorporated herein. Should additional stock options be granted to Executive in the future, they
also will vest at eighty percent (80%) of the vesting schedule provided to full time employees at Executive's level.

	5.
	No Constructive Termination.  Executive acknowledges that the foregoing amendments to the Employment Agreement do not
constitute Constructive Termination of Executive's employment as that term is defined in Article VI, Section E (Constructive Termination)
of the Employment Agreement. 

	6.
	Remainder of Agreement.  The other terms and conditions contained in the Employment Agreement shall remain in effect
pursuant to the Employment Agreement and such terms and conditions, where applicable, shall also govern this Amendment.

	7.
	Governing Law.  This Amendment shall be construed in accordance with the laws of the State of California,
notwithstanding its conflicts of law provisions.

	8.
	Executive Acknowledgment.  Executive acknowledges (a) that he has consulted with or has had the opportunity to
consult with independent counsel of his own choice concerning this Amendment, and has been advised to do so by the Company, and (b) that he has read and understands this Amendment, is fully
aware of its legal effect, and has entered into it freely based on his own judgment.

	9.
	Counterparts.  This Amendment may be executed in one or more counterparts, all of which taken together constituted one
and the same agreement. 

	 	 	NANOGEN, INC.
	

 	
 	

By:	
 	

/s/ V. RANDY WHITE   	

6/21/01
	 	 	 	 	

	 	 	 	 	V. Randy White
 Chief Executive Officer	Date
	

 	
 	

EXECUTIVE
	

 	
 	

By:	
 	

/s/ MICHAEL D. MOORE   	

7/01/01
	 	 	 	 	

	 	 	 	 	Michael D. Moore	Date

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Exhibit 10.1

SECOND AMENDMENT TO EMPLOYMENT AGREEMENTPrepared by MERRILL CORPORATION

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Exhibit 10.2    
  

 
 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT    
  

    THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this "Agreement"), effective as of June 3, 2001, is made by and between NANOGEN, INC., a Delaware
corporation (hereinafter the "Company"), and HOWARD C. BIRNDORF, (hereinafter "Executive"). 

RECITALS  

    WHEREAS, the Company and Executive entered into an Employment Agreement, dated as of October 29, 1999, as amended by the First Amendment to Employment
Agreement, dated as of July 28, 2000 (collectively, the "Previous Employment Agreements"); 

    WHEREAS,
the Company and Executive wish to amend and restate the Previous Employment Agreements. 

    NOW,
THEREFORE, the Company and Executive, in consideration of the Executive's continued employment with the Company, agree as follows: 

 
 

ARTICLE I.    
    
    TERM OF AGREEMENT    
  

    A.  Commencement Date.  The terms of this Agreement shall govern Executive's employment with the Company
from June 3, 2001 and this Agreement shall expire on October 29, 2002, which is a period of three (3) years from October 29, 1999, the original commencement date of the
October 29, 1999 Employment Agreement between Executive and the Company, unless terminated earlier pursuant to Article 6. 

    B.  Renewal.  The term of this Agreement shall be automatically renewed for successive, additional three
(3) year terms unless either party delivers written notice to the other at least ninety (90) days prior to the expiration date of this Agreement of an intention to terminate this
Agreement or to renew it for a term of less than three (3) years but not less than (1) year. If the term of this Agreement is renewed for a term of less than three (3) years, then
thereafter the term of this Agreement shall be automatically renewed for successive, additional identical terms unless either party delivers a written notice to the other at least ninety
(90) days prior to a termination date of this Agreement of an intention to terminate this Agreement or to renew it for a different term of not less than one (1) year. Any renewal bonus
will be negotiated as mutually agreed to at the time of any renewal of this Agreement. 

    If
this Agreement is not renewed at the end of any term hereof by the Company for any reason except death, disability or retirement of Executive, notwithstanding anything herein
elsewhere contained, Executive shall be paid his salary, as provided for in Section 3.A hereof, and receive the other benefits applicable under Article 4 hereof, for an additional
eighteen (18) months after the termination date hereof. 

 
 

ARTICLE II.    
    
    EMPLOYMENT DUTIES    
  

    A.  Title/Responsibilities.  Executive hereby accepts employment with the Company pursuant to the terms
and conditions hereof. Executive agrees to serve the Company in the position of Executive Chairman and Chairman of the Board. Executive shall report to the Board of Directors of the Company (the
"Board"). Executive shall have the powers and duties commensurate with such position, 

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including but not limited to, hiring personnel necessary (in the judgment of the Board) to carry out the responsibilities for such position. 

    B.  Full Time Attention.  Executive shall devote his best efforts and his full business time and
attention to the performance of the services customarily incident to such office and to such other services as the Board may reasonably request, provided that Executive may (i) continue to
serve as a member of the Board of Directors of Graviton, Inc., provided that such service does not interfere with Executive's ability to render services hereunder, and (ii) may also serve on
the Boards of Directors of a limited number of other companies with the prior written consent of the Board. 

    C.  Other Activities.  Except upon the prior written consent of the Board of Directors, Executive shall
not during the period of employment engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that is or may be competitive with, or that might
place him in a competing position to that of the Company or any other corporation or entity that directly or indirectly controls, is controlled by, or is under common control with the Company (an
"Affiliated Company"), provided that Executive may own less than two percent of the outstanding securities of any such publicly traded competing corporation. 

    D.  Directorships.  Executive will be nominated for reelection to the Company's Board of Directors if the
By-Laws so require it. At the pleasure of the Company's stockholders. Executive agrees to serve as a Director on the Company's Board of Directors at no additional compensation. 

 
 

ARTICLE III.    
    
    COMPENSATION    
  

    A.  Base Salary.  Executive shall receive a Base Salary at an annual rate of three hundred
sixty-five thousand dollars ($365,000), payable in accordance with the Company's customary payroll practices. The Company's Board of Directors shall provide Executive with annual
performance reviews, and, thereafter, Executive shall be entitled to such Base Salary as the Board of Directors may from time to time establish in its sole discretion. 

    B.  Incentive Bonuses.  Executive shall receive a Basic Bonus of one hundred thousand dollars ($100,000)
per year, payable in equal installments not less often than quarterly. 

    C.  Achievement Bonus.  The Company shall pay Executive an Achievement Bonus of up to 60% of Executive's
Base Salary annually based upon achievement by the Company of its corporate goals as established and determined by the Board of Directors annually and for other achievements by the Company or the
Executive during the year as approved by the Compensation Committee. The Board of Directors or Compensation Committee, as applicable, shall, in their respective sole discretion, determine whether such
corporate or other goals have been attained or other achievements have occurred. 

    D.  Transaction Bonus.  In addition, in the event of a transaction involving a Change in Control approved
by the Company's Board of Directors, which transaction results in the receipt by the Company's stockholders of consideration with a value representing, in the sole judgment of the Board of Directors,
a significant premium over the average of the closing prices per share of the Company's common stock as quoted on the Nasdaq National Market for 20 trading days ending one day prior to the public
announcement of such transaction (a "Change in Control Transaction"), Executive shall be paid a Transaction Bonus at the closing of such a transaction in the amount equal to three (3) times 60%
of Executive's Base Salary in effect immediately preceding the closing of such a transaction. Executive shall also be paid said Transaction Bonus if the Company enters into a transaction approved by
the Board of Directors which is not a Change in Control Transaction, but which, nonetheless, involves a significant change in the ownership of the Company or the composition of the Board of Directors
of the Company, and which results in significant additional value for the Company's 

2

 

stockholders, as determined by the Board of Directors in its sole discretion and as specifically designated a significant event by the Board of Directors (a "Significant Event"). In the event
Executive receives a Transaction Bonus, no Achievement Bonus will be paid to Executive in the year in which such Transaction Bonus is paid. 

    If
the Company enters into a transaction which is a Change in Control Transaction, then all of the Executive's stock options received before the effective date of the transaction
shall become exercisable in full and all of the shares of the common stock of the Company awarded to Executive under the Company's 1997 Stock Incentive Plan and the 1993 Stock Option/Stock Issuance
Plan received before the effective date of the transaction shall become fully vested. If the Company enters into a transaction which is not a Change in Control Transaction but which is a Significant
Event, then the Board of Directors may, in its sole discretion, determine that all, or a portion, of the Executive's stock options received before the effective date of the transaction shall become
exercisable in full and all, or a portion, of the shares of the common stock of the Company awarded to Executive under the Company's 1997 Stock Incentive Plan and the 1993 Stock Option/Stock Issuance
Plan received before the effective date of the transaction shall become fully vested. 

    E.  Withholdings.  All compensation and benefits to Executive hereunder shall be subject to all federal,
state, local and other withholdings and similar taxes and payments required by applicable law. 

 
 

ARTICLE IV.    
    
    EXPENSE ALLOWANCES AND FRINGE BENEFITS    
  

    A.  Vacation.  Executive shall be entitled to three (3) weeks, plus one (1) additional day
for each completed year of employment with the Company, of annual paid vacation during the term of this Agreement. 

    B.  Benefits.  During the term of this Agreement, the Company shall also provide Executive with the usual
health insurance benefits it generally provides to its other senior management employees, other than life insurance (which shall be paid directly by Executive). As Executive becomes eligible in
accordance with criteria to be adopted by the Company, the Company shall provide Executive with the right to participate in and to receive benefits from accident, disability, medical, pension, bonus,
stock, profit-sharing and savings plans and similar benefits made available generally to employees of the Company as such plans and benefits may be adopted by the Company, provided that Executive
shall during the term of this Agreement be entitled to receive at a minimum standard medical and dental benefits similar to those typically afforded to Chief Executive Officers in similar sized
biotechnology companies, excluding life insurance. The amount and extent of benefits to which Executive is entitled shall be governed by the specific benefit plan as it may be amended from time to
time. 

    C.  Company Loans.  Upon the closing of a transaction approved by the Company's Board of Directors
involving a Change of Control or a Significant Event, all amounts outstanding with respect to the Loans made by Company to Executive and listed on Schedule A hereto, shall be forgiven on a pro
rata basis over a four (4) year period commencing on the Executive's original date of employment by the Company (including any accrued and unpaid interest). 

    D.  Business Expense Reimbursement.  During the term of this Agreement, Executive shall be entitled to
receive proper reimbursement for all reasonable out-of-pocket expenses incurred by him (in accordance with the policies and procedures established by the Company for its senior
executive officers) in performing services hereunder, provided Executive properly accounts therefor. 

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ARTICLE V.    
    
    CONFIDENTIALITY    
  

    A.  Proprietary Information.  Executive represents and warrants that he has executed and delivered to the
Company the Company's standard Proprietary Information, Inventions and Dispute Resolution Agreement in form acceptable to the Company's counsel. 

    B.  Return of Property.  All documents, records, apparatus, equipment and other physical property which
is furnished to or obtained by Executive in the course of his employment with the Company shall be and remain the sole property of the Company. Executive agrees that, upon the termination of his
employment, he shall return all such property (whether or not it pertains to Proprietary Information as defined in the Proprietary Information, Inventions and Dispute Resolution Agreement), and agrees
not to make or retain copies, reproductions or summaries of any such property. 

 
 

ARTICLE VI.    
    
    TERMINATION    
  

    A.  By Death.  The period of employment shall terminate automatically upon the death of Executive. In
such event, the Company shall pay to Executive's beneficiaries or his estate, as the case may be, any accrued Base Salary, any bonus compensation to the extent earned, any vested deferred compensation
(other than pension plan or profit-sharing plan benefits which will be paid in accordance with the applicable plan), any benefits under any plans of the Company in which Executive is a participant to
the full extent of Executive's rights under such plans, any accrued vacation pay and any appropriate business expenses incurred by Executive in connection with his duties hereunder, all to the date of
termination (collectively "Accrued Compensation"), but no other compensation or reimbursement of any kind, including, without limitation, severance compensation, and thereafter, the Company's
obligations hereunder shall terminate. 

    B.  By Disability.  If Executive is prevented from properly performing his duties hereunder by reason of
any physical or mental incapacity for a period of more than 90 days in the aggregate in any 365-day period, then, to the extent permitted by law, the Company may terminate the
employment on the 90th
day of such incapacity. In such event, the Company shall pay to Executive all Accrued Compensation, and shall continue to pay to Executive the Base Salary until such time (but not more than
90 days following termination), as Executive shall become entitled to receive disability insurance payments under the disability insurance policy maintained by the Company, which disability
policy shall provide for full payment of Executive's Base Salary during the period of disability, but no other compensation or reimbursement of any kind, including without limitation, severance
compensation, and thereafter the Company's obligations hereunder shall terminate. Nothing in this Section shall affect Executive's rights under any disability plan in which he is a participant. 

    C.  By Company for Cause.  The Company may terminate Executive's employment for Cause (as defined below)
without liability at any time with or without advance notice to Executive. The Company shall pay Executive all Accrued Compensation, but no other compensation or reimbursement of any kind, including
without limitation, severance compensation, and thereafter the Company's obligations hereunder shall terminate. Termination shall be for "Cause" in the event of the occurrence of any of the following:
(a) any intentional action or intentional failure to act by Executive which was performed in bad faith and to the material detriment of the Company; (b) Executive intentionally refuses
or intentionally fails to act in accordance with any lawful and proper direction or order of the Board; (c) gross negligence by Executive in carrying out the duties of employment; or
(d) Executive is convicted of a felony crime involving moral turpitude, provided that in the event that any of the foregoing events is capable of being cured, the Company shall provide written
notice to Executive describing the nature of such event and Executive shall thereafter have five (5) business days to cure such event. 

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    D.  At Will.  At any time, the Company may terminate Executive's employment without liability other than
as set forth below, for any reason not specified in Section 6.C above, by giving thirty (30) days advance written notice to Executive. If the Company elects to terminate Executive
pursuant to this Section 6.D prior to a Change in Control, the Company shall pay to Executive all Accrued Compensation and shall continue to pay to Executive as provided herein Executive's
Salary for six (6) months from the date of such termination as severance compensation. If the Company or its successor elects to terminate Executive pursuant to this Section after a Change in
Control, the Company (or its successor) shall continue to pay to Executive as provided herein Executive's Salary for eighteen (18) months from the date of such termination as severance
compensation. In addition, upon any termination under this Section 6.D., all of the Executive's stock options granted prior to or on January 26, 2001 shall become exercisable in full and
all the shares of the common stock of the Company awarded to Executive under the Company's 1997 Stock Incentive Plan and the 1993 Stock Option/Stock Issuance Plan prior to or on January 26,
2001 shall become fully vested. Upon payment of the severance benefits described herein, all obligations of the Company (or its successor) shall terminate. 

    During
the period when such severance compensation is being paid to Executive, Executive shall not (i) engage, directly or indirectly, in any other business activity that is
competitive with, or that places him in a competing position to that of the Company or any Affiliated Company (provided that Executive may own less than two percent (2%) of the outstanding securities
of any publicly traded corporation), or (ii) hire, solicit, or attempt to hire on behalf of himself or any other party any employee or exclusive consultant of the Company. If the Company
terminates this Agreement or the
employment of Executive with the Company other than pursuant to Section 6.A, 6.B or 6.C, then this Section 6.D shall apply. 

    E.  Constructive Termination.  In the event that the Company shall materially reduce the powers and
duties of employment of Executive resulting in a material decrease in the responsibilities of Executive which are inconsistent with Executive acting as President of the Company, such action shall be
deemed to be a termination of employment of Executive without cause pursuant to Section 6.D. In the event of a Change in Control of the Company in which the Company shall become a division or
subsidiary of a larger organization, references to the President of the Company shall be deemed to mean the President of such division or subsidiary for purposes of this Section 6.E. 

    1.  Change in Control.  For purposes of this Agreement, a "Change in Control" shall have occurred if at
any time during the term of Executive's employment hereunder, any of the following events shall occur: 

	a.
	The
consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if more than 50% of the combined voting power of the
continuing or surviving entity's securities outstanding immediately after such merger, consolidation or other reorganization is owned by persons who were not stockholders of the Company immediately
prior to such merger, consolidation or other reorganization;

	b.
	A
change in the composition of the Board, as a result of which fewer than one-half of the incumbent directors are directors who either (1) had been directors of
the Company 24 months prior to such change; or (2) were elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the directors who had been
directors of the Company 24 months prior to such change and who were still in office at the time of the election or nomination; or

	c.
	Any
"person" (as such term is used in Section 13(d) and Section 14 of the Exchange Act) by the acquisition of securities is or becomes the beneficial owner, directly
or indirectly, of securities of the Company representing 50% or more of the combined voting power of 

5

 

the
Company's then outstanding securities ordinarily (and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the "Base Capital Stock") except
that any change in the relative beneficial ownership of the Company's securities resulting solely from a reduction in the aggregate number of outstanding shares of Base Capital Stock, and any decrease
thereafter in such person's ownership of securities shall be disregarded until such person increases in any manner, directly or indirectly, such person's beneficial ownership of any securities of the
Company. Thus, for example, any person who owns less than 50% of the Company's outstanding shares, shall cause a Change in Control to occur as of any subsequent date if such person then acquires an
additional interest in the Company which, when added to the person's previous holdings, causes the person to hold more than 50% of the Company's outstanding shares. 

    The
term "Change in Control" shall not include a transaction, the sole purpose of which is to change the state of the Company's incorporation. 

 
 

ARTICLE VII.    
    
    GENERAL PROVISIONS    
  

    A.  Governing Law.  The validity, interpretation, construction and performance of this Agreement and the
rights of the parties thereunder shall be interpreted and enforced under California law without reference to principles of conflicts of laws. The parties expressly agree that inasmuch as the Company's
headquarters and principal place of business are located in California, it is appropriate that California law govern this Agreement. 

    B.  Assignment; Successors; Binding Agreement.  

    1.  Executive
may not assign, pledge or encumber his interest in this Agreement or any part thereof. 

    2.  The
Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business
and/or assets of the Company, operation of law or by agreement in form and substance reasonably satisfactory to Executive, to assume and agree to perform this Agreement in the same manner and to the
same extent that the Company would be required to perform it if no such succession had taken place. 

    3.  This
Agreement shall inure to the benefit of and be enforceable by Executive's personal or legal representatives, executors, administrators, successors, heirs,
distributee, devisees and legatees. If Executive should die while any amount is at such time payable to him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance
with the terms of this Agreement to Executive's devisee, legates or other designee or, if there be no such designee, to his estate. 

    C.  No Waiver of Breach.  The waiver by any party of the breach of any provision of this Agreement shall
not be deemed to be a waiver of any subsequent breach. 

    D.  Notice.  For the purposes of this Agreement, notices and all other communications provided for in
this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by certified or registered mail, return receipt requested, postage prepaid, addressed to the
respective addresses set forth below or to such other address as either party may have furnished to the 

6

 

other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 

	 	To the Company:	 	Nanogen, Inc.

10398 Pacific Center Court

San Diego, CA 92121

Attn: Chief Executive Officer
	 	

To Executive:	
 	

Howard C. Birndorf

c/o Nanogen, Inc.

10398 Pacific Center Court

San Diego, CA 92121

    E.  Modification; Waiver; Entire Agreement.  No provisions of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is agreed to in writing signed by Executive and such officer as may be specifically designated by the Board of the Company. No waiver by either
party hereto at any time of any breach by the other party of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar
or dissimilar provisions or conditions at the same or any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof
have been made by either party which are not expressly set forth in this Agreement. 

    F.  Validity.  The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

    G.  Controlling Document.  This Agreement supersedes any and all prior employment agreements between the
Company and Executive, but does not supersede any other agreements between Company and Executive, including but not limited to, the Nanogen Inc. Restricted Stock Purchase Agreement, any stock
option agreements or common stock purchase agreements entered into pursuant to the Company's 1997 Stock Incentive Plan, the 1993 Stock Option/Stock Issuance Plan and the Nanogen Employees' Handbook
and Policies, except as expressly provided herein. In case of conflict between any of the terms and conditions of this Agreement and the documents herein referred to, the terms and conditions of this
Agreement shall control. 

    H.  Executive Acknowledgment.  Executive acknowledges (a) that he has consulted with or has had
the opportunity to consult with independent counsel of his own choice concerning this Agreement, and has been advised to do so by the Company, and (b) that he has read and understands the
Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment. 

    I.  Remedies.  

    1.  Injunctive Relief.  The parties agree that the services to be rendered by Executive hereunder are of
a unique nature and that in the event of any breach or threatened breach of any of the covenants contained herein, the damage or imminent damage to the value and the goodwill of the Company's business
will be irreparable and extremely difficult to estimate, making any remedy at law or in damages inadequate. Accordingly, the parties agree that the Company shall be entitled to injunctive relief
against Executive in the event of any breach or threatened breach of any such provisions by Executive, in addition to any other relief (including damages) available to the Company under this Agreement
or under law. 

    2.  Exclusive.  Both parties agree that the remedy specified in Section 7.I.1 above is not
exclusive of any other remedy for the breach by Executive of the terms hereof. 

    J.  Counterparts.  This Agreement may be executed in one or more counterparts, all of which taken
together shall constitute one and the same Agreement. 

7

 

    Executed by the parties as of the day and year first above written. 

	 	 	NANOGEN, INC.
	

 	
 	

By:	

/s/ V. RANDY WHITE   
 V. Randy White
 Chief Executive Officer
	

 	
 	

EXECUTIVE:
	

 	
 	

By:	

/s/ HOWARD C. BIRNDORF   
 Howard C. Birndorf

8

QuickLinks

Exhibit 10.2

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

ARTICLE I. TERM OF AGREEMENT

ARTICLE II. EMPLOYMENT DUTIES

ARTICLE III. COMPENSATION

ARTICLE IV. EXPENSE ALLOWANCES AND FRINGE BENEFITS

ARTICLE V. CONFIDENTIALITY

ARTICLE VI. TERMINATION

ARTICLE VII. GENERAL PROVISIONS

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