Document:

exv10w52

 

Exhibit
10.52

July 14, 2005

Suiter Limited

P.O. Box 3176

Wickhams Cay 1

Road Town, Tortola

British Virgin Islands

Attn: Mr. Brunello Donati

	 	 	 
	Re:

	 	Agreement (“Agreement”) between Suiter Limited (“Suiter”)
and Introgen
Therapeutics, Inc. (the “Company”) Dated April 20, 2005

Dear Mr. Donati:

     This will confirm the agreement of Suiter and the Company that Paragraph 2 of the
above-referenced Agreement is hereby amended and restated to read as follows:

	 	2.	 	This Agreement and any portion of the Warrant that has not
vested in the manner provided above will expire 180 days from the date
of this Agreement (the “Initial Term”). Unless a party gives written
notice of termination prior to the expiration of the Initial Term, the
Initial Term will be automatically extended for successive, consecutive
thirty day terms (each a “Renewal Term”) until a party gives written
notice of termination. This Agreement will terminate at the end of the
term in which written notice of termination is given (whether it is the
Initial Term or a Renewal Term). Additionally, the Company may, at its
option, terminate this Agreement upon written notice to Suiter at any
time after the Company publicly announces either (i) a favorable action
or decision by the United States Food and Drug Administration with
respect to one or more of the Company’s product candidates, or (ii) a
partnering or collaboration agreement involving one or more of the
Company’s product candidates that is not arranged by Suiter pursuant to
a written mandate with the Company and that the Company in good faith
believes had or will have a positive material impact upon the price per
share of the Company’s common stock as quoted on the NASDAQ National
Market System (a “Material Announcement”); provided that in the event
of such cancellation

301 Congress Avenue, Suite 1850 • Austin, Texas 78701 • 512.708.9310 • Fax: 512.708.9311

Houston Office: 2250 Holcombe Blvd. • Houston, Texas 77030 • 713.797.9960 • Fax: 713.797.9913

 

 

Mr Brunello Donati

July 14, 2005

Page 2

	 	 	 	by the Company after a Material Announcement, the Company and Suiter will
enter into good faith negotiations in an attempt to fairly compensate
Suiter for its efforts (but in no event will more warrants vest than Suiter
could have earned under this Agreement had such Material Announcement not
been made). Any notice required or permitted under this Agreement shall be
made by United States Mail, postage prepaid, or by Federal Express, DHL, or
other commercial carrier providing receipt for delivery, or by telephonic
facsimile or email, with confirmation by the recipient of receipt of the
facsimile or email, to the address, facsimile telephone
number or email address of the recipient set forth below:

	 	 	 	 	 
	If to Suiter:

	 	Address:
	 	P.O. Box 3176
	 

	 	 	 	Wickhams Cay 1
	 

	 	 	 	Road Town, Tortola
	 

	 	 	 	British Virgin Islands
	 
	 	 	 	 
	 

	 	Facsimile No.:
	 	+41919125060
	 
	 	 	 	 
	 

	 	Email Address
	 	donati@talentgroup.ch
	 
	 	 	 	 
	If to the Company:

	 	Address:
	 	301 Congress Avenue
	 

	 	 	 	Suite 1850
	 

	 	 	 	Austin, Texas 78701
	 
	 	 	 	 
	 

	 	Facsimile No.:
	 	(512) 708-9311
	 
	 	 	 	 
	 

	 	Email Address:
	 	d.nance@introgen.com

     Notice sent by United States mail will be deemed delivered five (5)
days after being delivered to the U.S. Postal Service for mailing; and notices sent
by other means shall be deemed received upon actual receipt. Either party may
change its address for notice by giving the other party written notice of the
change.

     Except for the amendment and restatement of Paragraph No. 2 as set forth above, the
Agreement will remain in full force and effect. The Amendment and Restatement of Paragraph 2 will
be effective as of the date of this letter.

 

 

Mr. Brunello Donati

July 14, 2005

Page 3

     If this accurately sets forth our agreement would you please sign a copy of this letter where
indicated below and return it to me?

	 	 	 	 	 
	 	Yours very truly,

INTROGEN THERAPEUTICS, INC.

 
	 	By:  	/s/ David G. Nance
 	 
	 	 	David G. Nance 	 
	 	 	President and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	AGREED AND ACCEPTED: 

SUITER, LTD.

 	 
	 	By:  	/s/ Brunello Donati 	 
	 	 	Brunello Donati 	 
	 	Its:  	General attorneyexv10w1

 

Exhibit 10.1

AGREEMENT

     This Agreement (this “Agreement”), effective as of September 1, 2005, is made by and between
Vought Aircraft Industries, Inc., a Delaware corporation (the “Company”), and Kenneth W. Cannestra
(the “Director”).

     WHEREAS, the Director is a member of the Board of Directors of the Company (the “Board”);

     WHEREAS, the Company and the Director wish to discontinue the Director’s service as a member
of the Board;

     WHEREAS, the Director has been entitled to receive certain compensation from the Company in
connection with his service as a member of the Board;

     WHEREAS, the Director has been granted certain options for common stock of the Company under
the terms of the Amended and Restated 2001 Stock Option Plan of Vought Aircraft Industries, Inc.
(the “Stock Option”); and

     WHEREAS, the Company and the Director mutually desire to settle and forever resolve any and
all obligations that may exist regarding compensation payable to the Director as a result of his
service as a member of the Board.

     NOW, THEREFORE, in consideration of the covenants and undertakings contained herein, and for
other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Company
and the Director hereby agree as follows:

     1. Resignation of Directorship. Effective as of September 1, 2005, the Director
hereby resigns his membership on the Board.

     2. Payment by Company. The Company shall pay the Director an amount of cash equal to ten
thousand dollars ($10,000), subject to reduction for all applicable withholding taxes.

     3. Acceleration of Stock Options. That portion of the Director’s Stock Option which
remains eligible for vesting on December 31, 2005 will be accelerated and immediately vested.

     4. Full Settlement of All Obligations. The Director acknowledges and agrees that the
foregoing consideration represents settlement in full of all outstanding obligations owed to the
Director by the Company with respect to all compensation to which the Director may otherwise be
entitled in connection with his service as a member of the Board. Nothing in this Agreement shall
affect any rights that Director may otherwise have as a stockholder of the Company as set forth in
any Stockholders’ Agreement, or, except as described above, any rights that the Director may have
pursuant to any Stock Option Agreement to which he is a party.

 

 

Nothing in this agreement shall affect any rights that the Director may have to indemnification
pursuant to the terms of the By-Laws of the Company.

     IN WITNESS WHEREOF, the Company and the Director have caused this Agreement to be executed
effective as of the date first above written.

	 	 	 	 	 
	 	VOUGHT AIRCRAFT INDUSTRIES, INC.

 	 
	 	By:  	/s/ Tom D. Risley
 	 
	 	 	Name:  	Tom D. Risley 	 
	 	 	Title:  	Chairman, President &
Chief Executive Officer 	 
	 
	 	DIRECTOR

 	 
	 	/s/ Kenneth W. Cannestra
 	 
	 	Kenneth W. Cannestraexv10w2

 

Exhibit 10.2

AGREEMENT

     This Agreement (this “Agreement”), effective as of September 1, 2005, is made by and between
Vought Aircraft Industries, Inc., a Delaware corporation (the “Company”), and Thomas Corcoran (the
“Director”).

     WHEREAS, the Director is a member of the Board of Directors of the Company (the “Board”);

     WHEREAS, the Company and the Director wish to discontinue the Director’s service as a member
of the Board; and

     WHEREAS, the Director has been entitled to receive certain compensation from the Company in
connection with his service as a member of the Board, including certain Board fees and certain
Stock Options (the “Options”) under the Amended and Restated 2001 Vought Aircraft Industries, Inc.
Stock Option Plan (the “Plan”);

     WHEREAS, in connection with his service as a member of the Board, the Director has purchased
certain shares of common stock of the Company (the “Shares”); and

     WHEREAS, the Company and the Director mutually desire to settle and forever resolve any and
all obligations that may exist regarding compensation payable to the Director as a result of his
service as a member of the Board.

     NOW, THEREFORE, in consideration of the covenants and undertakings contained herein, and for
other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Company
and the Director hereby agree as follows:

     1. Resignation of Directorship. Effective as of September 1, 2005, the Director
hereby resigns his membership on the Board.

     2. Payment by Company. The Company shall pay the Director an amount of cash equal to
one hundred eighty thousand dollars ($180,000), subject to reduction for all applicable withholding
taxes.

     3. Full Settlement of All Obligations. The Director acknowledges and agrees that the
foregoing consideration represents settlement in full of all outstanding obligations owed to the
Director by the Company with respect to all compensation to which the Director may otherwise be
entitled in connection with his service as a member of the Board. The Director hereby waives,
relinquishes and gives up all of his right, title and interest in or to all such compensation
including his right, title and interest in or to the Shares and his right, title and interest in or
to the Options and the shares subject thereto (including under the applicable option agreement(s)
and the Plan as it relates to the Options), and Director hereby agrees that such Options are hereby
cancelled and shall be deemed null and void and of no force or effect.

 

 

     IN WITNESS WHEREOF, the Company and the Director have caused this Agreement to be executed
effective as of the date first above written.

	 	 	 	 	 
	 	VOUGHT AIRCRAFT INDUSTRIES, INC.

 	 
	 	By:  	/s/ Tom D. Risley
 	 
	 	 	Name:  	Tom D. Risley 	 
	 	 	Title:  	Chairman, President &
Chief Executive Officer 	 
	 
	 	DIRECTOR

 	 
	 	
/s/ Thomas Corcoran
 	 
	 	Thomas Corcoran

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