Document:

Exhibit
      10.11 

    

    Alteon
      Inc.

    Description
      of Director Compensation Arrangements

    

    All
      of
      the directors are reimbursed for their expenses for each Board meeting attended.
      Directors who are not compensated as Alteon employees receive $1,500 per Board
      meeting attended in person and $1,000 for each Board meeting attended by
      telephone.

    

    Compensation
      of Directors under Alteon’s 2005
      Stock
      Option Plan, as amended on July 19, 2006

     

    Pursuant
      to Alteon’s Amended 2005 Stock Option Plan, as amended on July 19, 2006,
      non-compensated directors also receive, upon the date of their election or
      re-election to the Board, a stock option to purchase 20,000 shares of common
      stock (subject to adjustment if they received stock options upon appointment
      to
      the Board between Annual Meetings of Stockholders to fill a vacancy or newly
      created directorship) at an exercise price equal to the fair market value of
      the
      common stock on the date of grant. Each of these options will vest and become
      exercisable upon completion of one full year of service on the Board following
      the date of grant, subject to the director’s continued service on the
      Board.Exhibit
      10.12 

    

    Alteon
      Inc.

    Description
      of Executive Officer Compensation Arrangements

    

    The
      following are Alteon’s executive officers. The salaries for 2007 have been set
      as follows:

    

    
      	
              Named
                Executive Officer

            	
              Position

            	
              2007
                Salary

            	
              2007
                Bonus Range

            
	 	 	 	 
	
              Noah
                Berkowitz, M.D., Ph.D.

            	
              President
                and Chief Executive Officer

            	
              $264,000

            	
              $0
                to $92,400

            
	 	 	 	 
	
              Malcolm
                W. MacNab, M.D., Ph.D.

            	
              Vice
                President,

              Clinical
                Development 

            	
              $240,000

            	
              $0
                to $72,000

            

    

    

    In
      addition to the above, each of the executive officers, at the discretion of
      Alteon's Compensation Committee, may receive an additional year-end
      bonus.SEPARATION
      AGREEMENT AND RELEASE

    

    This
      Separation Agreement and Release (“Agreement”)
      is
      entered into between Doug Welter ("Employee")
      on the
      one hand, and Surfect Technologies, Inc., together with each of its managers,
      parents, successors, subsidiaries, affiliates, directors, officers, agents
      and
      employees (collectively the "Company")
      on the
      other hand. The Employee and Company are jointly referred to as the
“Parties."

     

    WHEREAS,
      Employee has been employed by the Company as the Company’s Chief Operating
      Officer; and

     

    WHEREAS,
      the terms of Employee’s employment were set forth in the Offer Letter between
      the Company and the Employee dated June 26, 2007 (the “Offer
      Letter”);

     

    WHEREAS,
      the Parties have mutually agreed to end their employment relationship (the
      "Separation");
      and

     

    WHEREAS,
      the Parties desire to enter into this Agreement in order to set forth their
      respective rights and obligations in connection with the
      Separation.

     

    NOW
      THEREFORE, for and in consideration of the mutual agreements, representations,
      covenants and warranties recited herein, the Parties agree as follows:

     

    1. Separation.
      The
      Employee's employment with the Company shall end effective March 9, 2007 (the
      "Separation
      Date").

    

    2. Severance
      Payment.
      The
      Company agrees to pay Employee a one-month’s severance payment in an amount of
      $12,500 less all authorized deductions and withholdings for applicable federal,
      state and local taxes (the "Severance
      Payment").
      The
      Severance Payment shall be paid within eight days from the execution of this
      agreement by the parties, unless earlier revoked as allowed by paragraph 11
      below (the "Effective
      Date").
      

    

    3.
      Vacation
      Pay.
      Effective with the Separation Date, Employee will cease to accrue vacation
      benefits. The Company will pay to Employee the value of accrued vacation
      benefits, agreed to be $5,769.23, less statutory withholdings and deductions,
      within eight days from the execution of this agreement by the parties, unless
      earlier revoked as allowed by paragraph 11 below.

    

    4. COBRA.
      Effective as of and beginning on the Separation Date, as required by the
      continuation coverage provisions of Section 4980B of the U.S. Internal Revenue
      Code of 1986, as amended (the “Code”),
      Employee shall be offered the opportunity to elect continuation coverage under
      the group medical and dental benefit plans of the Company for Employee and
      Employee's covered dependants (“COBRA
      Coverage”).
      As
      per the terms of the Offer Letter, the Company shall make a payment of $1,090.64
      (the “COBRA
      Payment”)
      to
      Employee, which amount is equal to one-months COBRA Coverage for Employee
      (without deductions made for applicable taxes) and Employee may apply such
      amount to pay for COBRA Coverage. Except to the extent that the COBRA Payment
      shall be used by the Employee to pay for Cobra Coverage, any COBRA Coverage
      obtained by the Employee shall be at Employee's sole expense. The Employee
      understands and agrees that the Company’s group medical and dental benefit plans
      may change after the Separation Date, and that the existence and duration of
      Employee’s rights and/or the COBRA rights of Employee’s eligible dependents may
      also be limited by Section 4980 of the Code. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.
      Options.
      Pursuant to an Incentive Stock Option Agreement between the Company and Employee
      (the “Option Agreement”) entered into pursuant to the Surfect Holdings, Inc.
      Incentive Stock Option Plan (the “Option Plan”), Employee has accrued a vested
      option to purchase up to 42,585 shares of Surfect Holdings, Inc. common stock
      at
      an exercise price of $.30/share. As per the Company’s Option Plan, all unvested
      Options shall automatically terminate and be cancelled (without any action
      on
      the part of the Company) as of the Effective Date and all options that have
      vested prior to such date shall remain exercisable for a period of 30 days
      following the Effective Date. 

    

    5. Consulting
      Agreement.
      In
      partial consideration for Employee’s execution and delivery of this Agreement,
      Employer agrees to enter into a consulting agreement with Employee for a term
      of
      two weeks (commencing on March 6, 2007 and ending on March 19, 2007).
      Consideration paid to Employee under such consulting agreement shall be $6,250
      (“Conusltant’s Fee”), such Consultant’s Fee to be paid in full within eight days
      from the execution of this agreement by the parties, unless earlier revoked
      as
      allowed by paragraph 11 below.
      No part
      of Consultant's Fee will be subject to withholding for any federal, state,
      social security, workers' compensation or other required taxes or payments.
      The
      Company shall report the payment of the Consultant’s Fee paid to Employee to the
      Internal Revenue Service (and other taxing agencies) on Form 1099 or other
      appropriate forms. Employee acknowledges and agrees that it shall be the
      obligation of Employee to report the Consutant’s Fee as income, and pay all
      taxes upon, the Consultant’s Fee pursuant to this Agreement. 

    

    6. Registration
      Rights.
      The
      Company acknowledges that Employee has waived registration rights pertaining
      to
      76,612 shares of common stock in Surfect Holdings, Inc. currently held by
      Employee pursuant to the Waiver of Registration Rights dated December 4, 2006.
      Company acknowledges that as per the Board resolution dated December 4, 2006,
      the Company’s Board authorized and approved the Company’s entering into a
      registration rights agreement with each of the shareholders so waiving their
      registration rights (including Employee) providing each of such holders with
      rights to have their shares included in a registration statement filed with
      the
      Securities and Exchange Commission on the terms set forth in such registration
      rights agreement.

    

    6. Release
      and Waiver.
      The
      Employee forever settles, releases, compromises, reaches accord and
      satisfaction, waives, remises, discharges and acquits the Company, including
      all
      past and present directors, officers, agents (including, but not limited to
      Administaff
      Companies 11, L.P., its parent, subsidiaries, insurers, and agents) and
      employees thereof (collectively the "Released
      Entities")
      on
      each and every claim which exists as of the Effective Date of this Agreement,
      whether known or unknown, as well as any claim which may hereafter arise against
      the Released Entities, arising out of or relating to Employee's employment
      with
      the Company, the Employment Agreement, Separation from employment, or any
      potential claim against any of the Released Entities. This Release specifically
      includes, without limitation, claims for the following:

    

    
      
         

      

      
        
          Page
            2
of
            5

        

        
          

        

      

      
         

      

       

    

    
      	 	
              a.

            	
              Alleged
                violation of the following laws: The Age Discrimination in Employment
                Act
                of 1967, 29 U.S.C. 621
                et seq.,
                as amended; The Older Workers Benefit Protection Act, Pub. Law 101-433,
                104 Stat. 978 (1990); Title VII of the Civil Rights Act of 1964,
                42 U.S.C.
                § 2000-e, as amended; the Americans with Disabilities Act; the Civil
                Rights Acts of 1866, 1871, and 1991; the Family and Medical Leave
                Act; the
                Equal Pay Act of 1963; the Employee Retirement and Income Security
                Act;
                and any other federal, state, or local employment statute, law, or
                ordinance, including any and all claims of employment discrimination
                based
                on race, color, creed, religion, national origin, sex, age, marital
                status, disability, sexual orientation, lawful off-duty conduct,
                or
                retaliation;

            

    

    

    
      	 	
              b.

            	
              any
                and all common law claims such as wrongful discharge, violation of
                public
                policy, defamation, negligence, infliction of emotional distress,
                any
                intentional torts, outrageous conduct, interference with contract,
                fraud,
                misrepresentation, and invasion of privacy;
                and

            

    

    

    
      	 	
              c.

            	
              any
                and all claims for any of the following: money damages, including
                actual,
                compensatory, liquidated or punitive damages, equitable relief such
                as
                reinstatement or injunctive relief, front or back pay, wages, benefits,
                sick pay, vacation pay, liquidated damages, costs, interest, expenses,
                attorneys’ fees, or any other
                remedies.

            

    

    

    7. Successors
      and Assigns.
      Except
      as otherwise provided herein, this Agreement shall bind and inure to the benefit
      of and be enforceable by the Employee, the Company, each of the Party’s
      respective successors and assigns, and the Released Entities. 

    

    8. Counterparts.
      This
      Agreement may be executed in separate counterparts, each of which is deemed
      to
      be an original and all of which taken together constitute one and the same
      Agreement.

    

    9. Confidentiality.
      The
      Employee agrees that neither Employee nor Employee's representatives will reveal
      any confidential information relating to Employee's employment with or
      separation from the Company, or the terms and conditions of this Agreement,
      except that (1) Employee may disclose the terms and conditions of this Agreement
      to Employee's spouse, provided she agrees to keep such terms and conditions
      confidential, and (2) Employee may disclose the terms and conditions of this
      Agreement to Employee's attorneys, accountants, tax consultants, and state
      and
      federal tax authorities.

    

    10. Non-Disparagement.
      The
      Employee shall not disparage, orally or in writing, the Company, its officers,
      directors, representatives, or employees, or any of the Released
      Entities.

    

    
      
         

      

      
        
          Page 3
            of
            5

        

        
          

        

      

      
         

      

    

    11. Acknowledgment
      under the ADEA.
      This is an important legal document. Employee is advised to consult with an
      attorney before signing this Agreement. Employee is advised that Employee has
      twenty-one (21) days after receiving this Agreement to consider it. If Employee
      chooses to agree to the terms of this Agreement, Employee must sign and return
      this Agreement to the Company within twenty-one (21) days of Employee’s receipt
      of this Agreement. If Employee signs this Agreement, Employee will then have
      the
      right to revoke this Agreement by delivering written notice of revocation to
      the
      Company, but such notice must be received by the Company within seven (7) days
      after the date Employee signed this Agreement. The signed Agreement and/or
      any
      notice of revocation must be delivered to:

    

    Eduardo
      Duffy

    Brownstein
      Hyatt Farber Schreck, PC

    201
      Third Street, Suite 1700

    Albuquerque
      New Mexico 87102

    

    If
      this Agreement is not signed and delivered to the Company within the twenty-one
      (21) day period, or if it is revoked within the seven (7) day period, neither
      Employee nor the Company will have any rights or obligations under this
      Agreement. This Agreement is binding upon and shall inure to the benefit of
      Employee, the Company and the Company's successors and assigns. By signing
      this
      Agreement, the Parties represent that they have read and understand it, that
      they have discussed it or had an opportunity to discuss it with their respective
      attorneys, and that they enter into it knowingly and
      voluntarily.

     

     

     

     

    
 

    
      
         

      

      
        
          Page 4
            of
            5

        

        
          

        

      

      
         

      

    

    WHEREFORE,
      Employee and Company voluntarily enter into this Agreement by affixing their
      signatures on the date set forth below. 

    

    

    

                  
      /s/ Doug
      Welter                                     

    Doug
      Welter, Employee

    

    Date:     
      3/16/07                                                    
      

    

    

    

    

    Surfect
      Technologies, Inc.

    

    By:         
      /s/
      Steve
      Anderson                             

    Steve
      Anderson

    President
      & CEO

    

    

    Date:      3/16/07                                                   
      

    

    
      
         

      

      
        
          Page 5
            of
            5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]