Document:

EX-10.20

 Exhibit 10.20 

 

			
	

	  	 Corporate Address

Fannin South Professional
 Building, Suite 140

7707 Fannin Street
 Houston, Texas 77054

t: 832.968.4888

 ADDENDUM TO EMPLOYMENT AGREEMENT 

 

			
	EMPLOYEE: Maurizio Chiriva-Internati	  	EFFECTIVE DATE: January 1, 2020

 Annual cash compensation increase to: $380,000 annually 

 

	
	/s/ Maurizio Chiriva-Internati
	Maurizio Chiriva-Internati, CEO and President
	
	 /s/ Tony Tontat

	Tony Tontat, CFO and COO

  
 844.KEY.CURE |
www.kiromic.comEX-10.21

 Exhibit 10.21 

 

			
	 

	  	 Corporate Address

Fannin South Professional
 Building, Suite 140

7707 Fannin Street
 Houston, Texas 77054

t: 832.968.4888

 CONSULTING AGREEMENT 

November 2, 2018 
 Scott Dahlbeck, MD, PharmD 

39 Stratton Lane 
 San Antonio, TX 78257 

Dear Dr. Dahlbeck: 
 Kiromic, Inc, a
Delaware corporation (the “Company”), is pleased to this offer to this Consulting Agreement (this “Agreement”) to retain Scott Dahlbeck, MD (“Consultant”) to perform certain consulting activities as described below on
the following terms: 
 1.    Services and Compensation. Consultant agrees to act as
a consultant to Company with respect to such matters and projects as are mutually agreed from time to time by and between Consultant and Company, and perform the services described on Exhibit A hereto (collectively,
“Services”). 
 Company agrees to pay Consultant the compensation set forth on Exhibit A hereto for the performance
of the Services. 
 2.    Confidentiality. “Confidential
Information” means any proprietary information technical data, trade secrets or know-how, including, but not limited to, research and product plans, products, services, markets, developments, inventions, processes, formulas, technology,
marketing, finances or other business information disclosed to Consultant by Company either directly or indirectly in writing, orally or otherwise. Confidential Information also includes all Inventions (as defined below) and any other information or
materials generated in connection with the Services. 
 Consultant shall not, during or subsequent to the term of this Agreement, use any
Confidential Information for any purpose whatsoever other than the performance of the Services on behalf of Company, or disclose Confidential Information to any third party. Consultant agrees that Confidential Information shall remain the sole
property of Company. Consultant further agrees to take all reasonable precautions to prevent any unauthorized disclosure or use of Confidential Information. Notwithstanding the above, Consultant’s obligation under this Section 2(b)
relating to Confidential Information shall not apply to information which (i) is known to Consultant at the time of disclosure to Consultant by Company as evidenced by written records of Consultant, (ii) has become publicly known and made
generally available through no wrongful act of Consultant, or (iii) has been rightfully received by Consultant from a third party authorized to make such disclosure. 

Consultant agrees that Consultant will not, during the term of this Agreement, improperly use or disclose to Company any proprietary
information or trade secrets of any former or current employer or other person or entity to which Consultant has a duty to keep in confidence such information and that Consultant will not bring onto the premises of Company any unpublished 

  
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 document or proprietary information belonging to such employer, person or entity unless
consented to in writing by the same. Consultant will indemnify Company and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection
with any violation or claimed violation by Company of such third party’s rights resulting in whole or in part from Company’s use of the work product of Consultant under this Agreement. 

Consultant recognizes that Company has received and in the future will receive from third parties their confidential or proprietary
information subject to a duty on Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. Consultant agrees that Consultant owes Company and such third parties, during the term of this
Agreement and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out the Services for Company
consistent with Company’s agreement with such third party. 
 Upon the termination of this Agreement, or upon Company’s earlier
request, Consultant will deliver to Company all Confidential Information and Company’s property relating thereto and all tangible embodiments thereof, in Consultant’s possession or control. 

3.    Ownership. Consultant hereby irrevocably assigns to Company all right, title and
interest in and to any information (including, without limitation, business plans and/or business information), technology, know-how, materials, notes, records, designs, ideas, inventions, improvements, devices, developments, discoveries,
compositions, trade secrets, processes, methods and/or techniques, whether or not patentable or copyrightable, that are conceived, reduced to practice or made by Consultant alone or jointly with others in the course of performing the Services or
through the use of Confidential Information (collectively, “Inventions”). 
 Consultant agrees to sign, execute and
acknowledge or cause to be signed, executed and acknowledged without cost, but at the expense of Company, any and all documents and to perform such acts as may be necessary, useful or convenient for the purposes of perfecting the foregoing
assignments and obtaining, enforcing and defending intellectual property rights in any and all countries with respect to Inventions. It is understood and agreed that Company or Company’s designee shall have the sole right, but not the
obligation, to prepare, file, prosecute and maintain patent applications and patents worldwide with respect to Inventions. 
 Upon the
termination of this Agreement, or upon Company’s earlier requests, Consultant will deliver to Company all property relating to, and all tangible embodiments of, Inventions in Consultant’s possession or control. 

Consultant agrees that if, in the course of performing the Services, Consultant incorporates into any Invention developed hereunder any
invention, improvement, development concept, discovery or other proprietary subject matter owned by Consultant or in which Consultant has an interest (“Item”), Consultant will inform Company in writing thereof, and Company is hereby
granted and shall have a non-exclusive, royalty-free, perpetual, irrevocable, worldwide license to make, have made, modify, reproduce, display, use and sell such Item as part of or in connection with the exploitation of such Invention. 

Consultant agrees that if Company is unable because of Consultant’s unavailability, mental or physical incapacity, or for any other
reason, to secure Consultant’s signature to apply for or to pursue any application or registration for any intellectual property rights covering any Invention, 

  
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then Consultant hereby irrevocably designates and appoints Company and its duly authorized officers and agents as Consultant’s agent and attorney-in-fact, to act for and in Consultant’s
behalf to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of such intellectual property rights thereon with the same legal force and effect as if executed by Consultant. 

4.    Reports. Consultant agrees, from time to time during the term of this Agreement, to keep
Company advised as to Consultant’s progress in performing the Services and, as reasonably requested by Company, prepare written reports with respect thereto. It is understood that the time required in the preparation of such written reports
shall be considered time devoted to the performance of the Services by Consultant. All such reports prepared by Consultant shall be the sole property of Company. 

5.    Term and Termination. This Agreement will commence on the Effective Date and will
continue until termination as provided below. 
 Either Consultant or Company may terminate this Agreement upon prior written notice thereof
to the other party. 
 Upon termination of this Agreement, all rights and duties of the parties hereunder shall cease except: 

Company shall be obliged to pay, within thirty (30) days after receipt of Consultant’s final statement, all amounts owing to
Consultant for unpaid Services completed by Consultant and related expenses, if any, in accordance with the provisions of Section 1 hereof, and Sections 2, 3, 5(c), 6, 7, 8 and 10 shall survive termination of this Agreement. 

6.    Independent Contractor. Nothing in this Agreement shall in any way be construed to
constitute Consultant as an agent, employee or representative of Company, but Consultant shall perform the Services as an independent contractor. Consultant acknowledges and agrees that Consultant is obligated to report as income all compensation
received by Consultant pursuant to this Agreement. 
 7.    No Debarment. Consultant
represents and warrants that Consultant has not been debarred under Section (a) or (b) of 21 U.S.C. Section 335a and does not appear on the United States Food and Drug debarment list. Consultant represents and warrants that Consultant has
not committed any crime or conduct that could result in such debarment or Consultant’s exclusion from any governmental healthcare program. Consultant represents and warrants that, to Consultant’s knowledge, no investigations, claims or
proceedings with respect to any such crimes or conduct are pending or threatened against Consultant. Consultant agrees and undertakes to promptly notify the Company if Consultant becomes debarred or proceedings have been initiated against Consultant
with respect to debarment, whether such debarment or initiation of proceedings occurs during or after the term of this Agreement. 

8.    Conflicting Obligations. Consultant hereby certifies that Consultant has no outstanding
agreement or obligation that is in conflict with any of the provisions of this Agreement, or that would preclude Consultant from complying with the provisions hereof, and further certifies that Consultant will not enter into any such conflicting
agreement during the term of this Agreement. Subject to written waivers that may be provided by the Company upon request, which shall not be unreasonably withheld, Consultant agrees that, during the term of this Agreement, Consultant will not
directly or indirectly (i) participate in the formation of any business or 

  
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commercial entity in the Field of Interest or otherwise competitive with the Company. Without limiting the foregoing, Consultant agrees to use his or her best efforts (A) to segregate
Consultant’s Services performed under this Agreement from Consultant’s work done for any other companies for whom Consultant is providing services so as to minimize any questions of disclosure of, or rights under, any inventions,
(B) to notify the Company if at any time the Consultant believes that such questions may result from his or her performance under this Agreement and (C) to assist the Company in fairly resolving any questions in this regard which may
arise. The Services performed hereunder will not be conducted on time that is required to be devoted to any other third party. The Consultant shall not use the funding, resources and facilities of any other third party, without the prior written
consent of the Company, to perform Services hereunder and shall not perform the Services hereunder in any manner that would give any third-party rights or access to the product of such Services. 

9.    General. This Agreement (together with the Exhibits hereto) is the sole agreement and
understanding between Company and Consultant concerning the subject matter hereof, and it supersedes any and all prior agreements and understandings with respect to such matter, whether written or oral, provided, that, except as set forth in Exhibit
B. Any required notice shall be given in writing by customary means with receipt confirmed at the address of each party set forth below, or to such other address as either party may substitute by written notice to the other. Consultant shall not
subcontract any portion of Consultant’s duties under this Agreement without the prior written consent of Company. Neither this Agreement nor any right hereunder or interest herein may be assigned or transferred by Consultant without the express
written consent of Company. Company may assign this Agreement to any entity that succeeds to substantially all of the business or assets of Company. This Agreement shall be governed by the laws of the State of Texas, without reference to its
conflicts of law principles. This Agreement may only be amended or modified by a writing signed by both parties. Waiver of any term or provision of this Agreement or forbearance to enforce any term or provision by either party shall not constitute a
waiver as to any subsequent breach or failure of the same term or provision or a waiver of any other term or provision of this Agreement. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction
to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision, provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to either
Company or Consultant. 
 10.    Tax Matters. As follows: 

(a) Withholding. All forms of compensation referred to in this letter agreement are subject to reduction to reflect applicable
withholding and payroll taxes and other deductions required by law. 
 (b) Tax Advice. You are encouraged to obtain your own tax
advice regarding your compensation from the Company. You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the Company or the
Board related to tax liabilities arising from your compensation. 
 11.    Background Check and
Authorization to Work. This offer of employment is contingent on the Company’s completion of a satisfactory background check of you. Please note that because of employer regulations adopted in the Immigration Reform
and Control Act of 1986, within three (3) business days of starting your new position you will need to present documentation demonstrating that you have authorization to work in the United States. If you have questions about this requirement,
which applies to U.S. citizens and non-U.S. citizens alike, please let us know. 
 12.    Interpretation,
Amendment and Enforcement. This letter agreement will be effective as of November 2, 2018. This letter agreement and the Company’s standard Proprietary 

  
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Information and Inventions Agreement supersede and replace any prior agreements, representations or understandings (whether written, oral, implied or otherwise) between you and the Company and
constitute the complete agreement between you and the Company regarding the subject matter set forth herein. This letter agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized
officer of the Company. 
 13.    Arbitration Agreement. Any controversy or claim
arising out of or relating to this agreement or breach thereof, shall be settled by binding arbitration controlled by the rules of the American Arbitration Association. The number of arbitrator(s) shall be one. The seat of arbitration shall be
Houston, Texas. Texas law shall also apply to the extent necessary to fill any gaps created by the rules of the American Arbitration Association. The arbitration award shall be final and binding on the parties. Judgement of the award rendered by the
arbitrator(s) may be entered into any court of competent jurisdiction. If any provision of this Arbitration Agreement is held illegal or unenforceable in a arbitration proceeding, such provision shall be severed and shall be inoperative, and the
remainder of this Agreement shall remain operative and binding on the Parties. The arbitrator(s) shall have sole kompetenz-kompetenz regarding this Arbitration Agreement. 

14.    Severability. If any provision of this Agreement is held illegal or
unenforceable in a judicial proceeding, such provision shall be severed and shall be inoperative, and the remainder of this Agreement shall remain operative and binding on the Parties. 

15.    Counterparts. This Agreement may be executed in any number of counterparts, each
of which when so executed and delivered will be deemed an original, and all of which together will constitute one and the same agreement. 

16.    Entire Agreement. This Agreement and the documents referred to herein constitute
the entire agreement and understanding of the parties with respect to the subject matter of this Agreement, and supersede all prior understandings and agreements, whether oral or written, between the parties hereto with respect to such subject
matter. 
 [SIGNATURE PAGE TO FOLLOW] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective
Date. 
  

							
	KIROMIC, INC:	 		 	CONSULTANT:
				
	By:	 	/s/ Maurizio Chiriva, DBSc, PhDs	 		 	/s/ Scott Dahlbeck, MD, PharmD
		 	Signature	 		 	Signature
				
	Name:	 	 Maurizio Chiriva, DBSc, PhDs
	 		 	 Scott Dahlbeck, MD, PharmD

		 	Name (Please Print)	 		 	Name (Please Print)
				
	Title:	 	 CEO
	 		 	

  
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 EXHIBIT A 

SERVICES AND COMPENSATION 

1.    Services. Consultant will render to Company the following Services: Direct the development of clinical
strategies and plans to integrate Kiromic compounds into standard medical practice • Orchestrate and manage clinical aspects of regulatory strategies and interactions with health authorities • Oversee the analysis and interpretation of
clinical trial data and the reporting of clinical trial results • Lead interactions with investigators, cooperative groups, and other clinical stakeholders • Provide clinical support and work with other members of the management team to
develop and communicate the overall corporate strategy • Represent the Company and its programs to external audiences, including the investment, medical and regulatory communities, as well as pharmaceutical or biotechnology industry
collaborators/partners • In addition to leading and supervising the Clinical Research Department the CMO will have direct line responsibility for the Clinical Operations, Patient Advocacy, Medical Affairs and will report to the CEO. 

2.    Compensation. The Company will compensate Consultant at the rate of $10,000 per month, payable in
accordance with the Company’s standard payroll schedule, and subject to withholding as legally required. This compensation will be subject to adjustment pursuant to the Company’s consultant compensation policies in effect from time to
time. Consultants shall be given written notice of any adjustments to compensation at least fourteen (14) days prior to adjustments becoming effective. 

  
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