Document:

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                                                                   EXHIBIT 10.16

                              CONSULTING AGREEMENT

         This Consulting Agreement ("Agreement") is made by and between Intron
Therapeutics, Inc., a Delaware corporation ("Intron") and Jack A. Roth, M.D.
("Consultant") on this 1st day of October 1994.

                                   BACKGROUND

         WHEREAS, Intron owns rights (the "Licensed Subject Matter") under a
Patent and Technology License Agreement ("License Agreement") between Intron and
the Board of Regents of The University of Texas System (the "Board") relating to
certain patent applications and technology owned by the Board and invented in
whole or in part by Consultant;

         WHEREAS, Intron intends to continue development of the Licensed Subject
Matter, with a view towards ultimate commercialization thereof, and plans to
expend significant sums of money in that endeavor;

         WHEREAS, Intron believes that continued work by Consultant in the
process of development, exploitation and commercialization of the Licensed
Subject Matter, as well as Consultant's promise not to compete with Intron with
respect to the Licensed Subject Matter as set forth herein, are crucial to the
ultimate success of the enterprise;

         WHEREAS, Consultant is willing to commit his technical knowhow,
knowledge, experience, and expertise to assist and support Intron in
development, exploitation and commercialization of the Licensed Subject Matter,
on the terms and conditions provided herein.

         NOW, THEREFORE, for and in consideration of the monetary payments and
the covenants from each party to the other set forth below, the parties hereto
agree as follows:

                                   AGREEMENTS

                                   ARTICLE I.

         1.1    Technical Know-how and Expertise. Consultant understands and
acknowledges that Intron is making substantial expenditures for the acquisition,
development and commercialization of the Licensed Subject Matter, and that
endeavor. Consultant's technical know-how, expertise and assistance is important
to Intron in that Consultant acknowledges that Intron would not enter License
Agreement without also obtaining Consultant's agreement to assist Intron in
development and commercialization of the Licensed Subject Matter, including
improving upon the technology and possibly obtaining additional patents, as well
as extension and continuations of the patent already applied for or obtained; as
well as Consultant's non-competition agreement set out in Section 3.01 hereof.
During the term of this Agreement, Consultant agrees to provide his technical
knowledge and expertise relevant to the Licensed Subject Matter, to serve as
Chairman of Intron's Board of Scientific Advisors, if Intron appoints such a
board, and to use reasonable efforts to assist in development and
commercialization of the Licensed Subject Matter by Intron. Consultant will
devote such time and
<PAGE>   2
effort in such endeavor as is reasonably required by Intron, consistent with
Consultant's obligations to The University of Texas M.D. Anderson Cancer Center.

         1.2 Compensation. In consideration for his loyalty, services, technical
know-how, expertise and assistance, and for the confidentiality and
non-competition agreements described below, Intron will pay to Consultant
$20,000 upon the execution of this Agreement and the following sums during each
year of this Agreement:

<TABLE>
<CAPTION>
             YEAR                        AMOUNT

<S>                                      <C>
             1st                         $30,000
             2nd                         $75,000
             3rd                         $100,000
             4th                         $125,000
             5th through seventh         $130,000 per year
             8th                         $165,000
             9th                         $181,500
             10th and 11th years         $200,000 per year
             12th and 13th years         $200,000 per year
             14th and 15th years         $200,000 per year
</TABLE>

         The above compensation amounts notwithstanding, at the beginning of the
twelfth and fourteenth years, the Annual compensation shall be adjusted upward
to reflect the upward change, if any, in the United States Bureau of Labor
Statistics Consumer Price Index ("CPI") between the tenth Anniversary of the
Effective Date and the date of such adjustments. Such compensation shall be
calculated using the following formula:

                 CPI at Adjustment Date
               ---------------------------         X 200,000
                 CPI at l0th Anniversary

At each relevant point, the CPI shall be most recent CPI announced by the United
States Bureau of Labor Statistics.

         Such annual compensation will commence upon the Effective Date (as
herewith defined). The Effective Date shall be the date that both of the
following have occurred: (1) a binding definitive Development and Marketing
Agreement or similar agreement between Intron and Rhone-Poulenc Rorer ("RPR") is
executed, and (2) the License Agreement has been approved by the Board of
Regents of The University of Texas System. The annual compensation shall be paid
in twelve equal monthly installments. The first installment shall be paid on the
first day of the first month beginning after the Effective Date, and a like
installment shall be paid on the first day of each month thereafter.

                                      -2-
<PAGE>   3
                                   ARTICLE II.

         Confidentiality. Consultant understands and acknowledges that in
connection with development and commercialization of the Licensed Subject
Matter, Intron will from time to time provide him with confidential information,
including, but not limited to, scientific and technical information regarding
the Licensed Subject Matter, new discoveries and improvements upon the Licensed
Subject Matter, procedures, methods, protocols, software, devices,
specifications, data, know-how, patents, process descriptions, experimental
techniques, designs of products and things, product samples, trade secrets,
business plans, financial data, and other confidential information (all of which
is hereinafter referred to as the "Confidential Information"). Consultant agrees
to maintain the confidentiality of all Confidential Information and that
Consultant will not disclose any Confidential Information to any third party nor
use it other than as prescribed in written agreements between Consultant and
Intron, except as Intron may otherwise authorize in writing, and under the terms
and conditions of such written authorization. Consultant agrees to use
reasonable efforts to safeguard all documents containing Confidential
Information. Consultant may make copies of such documents only to the extent
necessary for performance of his obligations as prescribed in this Agreement and
other written agreements between Intron and Consultant. Consultant shall use
reasonable efforts to prevent access to all such documents by third parties. On
completion of his obligations, to Intron, Consultant agrees to return to Intron
all such documents containing Confidential Information. However, should
Consultant desire to retain such documents and receives Intron's written
approval therefor, Consultant shall continue to treat the retained documents in
accordance with the terms of this Agreement.

         Intron and Consultant agree that, the above definitions
notwithstanding, the following shall not constitute "Confidential Information":

               (a) Information which, after disclosure or acquisition hereunder,
               lawfully enters the public domain, except where such entry is the
               result of Consultant's breach of this Agreement.

               (b) Information, other than that obtained from third parties,
               which, prior to disclosure or acquisition hereunder, was already
               lawfully in Consultant's possession either without limitation on
               disclosure to others or which subsequently becomes free of such
               limitation.

               (c) Information obtained by Consultant from a third party who is
               lawfully in possession of such information and not subject to a
               contractual or fiduciary relationship with Consultant or any of
               his affiliates with respect to such information. Consultant may
               use and disclose such information in accordance with the terms
               under which it was provided by such third party.

               (d) Information which Consultant can establish was independently
               developed by Consultant.

                                      -3-
<PAGE>   4
               (e) information shall not be deemed to be within the foregoing
               categories merely because such information is embraced by more
               general information lawfully in the public domain or in
               Consultant's possession. In addition, any combination of features
               shall not be deemed to be within the foregoing categories merely
               because individual features lawfully are in the public domain or
               in Consultant's possession.

         Consultant's obligations under this section shall continue during the
term hereof and for five (5) years after termination of this Agreement for any
reason.

                                  ARTICLE III.

         Non-Competition Agreement. As stated above, Consultant's technical
expertise, knowledge, experience, and loyalty are crucial to the development and
commercialization of the Licensed Subject Matter and of material value to
Intron. Likewise, Consultant's agreement to refrain from competing or assisting
others in competition with Intron's development and commercialization of the
Licensed Subject Matter and other gene therapy technologies, products, know how,
and applications, whether now existing or developed during the term of this
Agreement or within three years thereafter, and whether developed by Consultant
or others on behalf of Intron during the term of this Agreement or within three
years thereafter, (collectively, "Gene Therapy Technology") is of material value
to Intron. Therefore, Consultant covenants and agrees that during the term of
this Agreement, and for a period of three years thereafter, Consultant will not,
within the Designated Area (defined below), engage in any activity which
directly or indirectly is competitive with Intron's commercial exploitation of
Gene Therapy Technology, or assist others in competition with Intron's
commercial exploitation of Gene Therapy Technology. The "Designated Area" shall
mean the area of the United States of America, Canada, Mexico, Brazil,
Argentina, the European Economic Community, (EEC), (including, without
limitation, England, France, Italy, Germany, Spain, Belgium, Austria), Japan,
South Korea, Turkey, China (PRC) and each other country in which Intron, its
partners, joint venturers, sub-licensees, or anyone practicing or exploiting
Gene Therapy Technology, by, through, or under Intron and made known to
Consultant by Intron, is at the time of such activities by Consultant,
exploiting or attempting to exploit Gene Therapy Technology. Consultant
understands and acknowledges that Intron or others acting through Intron
presently intend to commercialize and exploit Gene Therapy Technology in each of
the countries expressly named above. Notwithstanding the above, Consultant shall
be free to engage in scientific research and development in gene therapy;
provided it is for purely academic and scholarly purposes, and not for
commercial use or application. Should the products of such research and
development ever have commercial application or value, Intron shall have the
right to develop and commercialize such research and any products and
applications derived therefrom for its benefit.

                                   ARTICLE IV.

               4.1 Default by Intron. Failure of Intron to timely pay any sum
due Consultant hereunder, or material breach of any covenant of Intron
hereunder, shall, after Consultant has given notice and opportunity to cure as
provided below, constitute default. Upon default by Intron, Consultant may,

                                      -4-
<PAGE>   5
at his option, terminate this Agreement, or exercise any other remedy which may
be available to Consultant, at law or in equity, in which case the terms and
provisions of Article III shall become null and void without any further force
or effect.

         4.2. Default by Consultant. Material breach of any provision hereof by
Consultant shall, after Intron has given notice and opportunity to cure as
provided below, constitute default. Upon default by Consultant, Intron may, at
its option, terminate this Agreement, or exercise any other remedy which may be
available to it, at law or in equity.

         4.3 Notice of Default. Any other provision hereof notwithstanding,
neither Intron nor Consultant shall be deemed in default under this Agreement
unless the non-defaulting party has first given the defaulting party thirty days
written notice of such default with the opportunity to cure same, and the
defaulting party has failed to cure its default within that period.

                                   ARTICLE V.

         5.1 Term and Termination. This Agreement shall commence upon the
Effective Date and continue until the first to occur of the following:

             (a) Termination due to default, as provided in Article IV hereof;

             (b) Fifteen years from the date hereof; or

             (c) At Intron's option, inability of Consultant to perform his
             duties stated herein due to physical disability or mental
             disability or death; or

             (d) Termination by Intron for good cause, including any illegal,
             dishonest, or unethical act or omission by Consultant with respect
             to Intron or his duties hereunder, after Intron has provided
             Consultant notice of such act and opportunity to cure, as provided
             in Section 4.03; or

             (e) Termination by Intron without cause, as provided in Article VI
             hereof; or

             (f) Termination by mutual written agreement of the parties.

         Article II, relating to confidentiality, shall survive termination of
this Agreement for any reason, according to the terms of Article II. Article
III, relating to non-competition, shall survive termination of this Agreement,
according to the terms of Article III, except in the event of termination due to
a default by Intron pursuant to Section 4.01. Upon the termination of this
Agreement for any reason, Consultant shall be entitled to all compensation
accrued as of the date of termination, subject to any right of setoff which
Intron may have.

                                      -5-
<PAGE>   6
         For purposes of this Agreement, the term "disability" shall mean a
condition, illness, injury or defect which makes or is reasonably expected to
make Consultant unable to continue performance of his duties hereunder for a
period exceeding one year.

                                   ARTICLE VI.

                     Additional Termination Rights of Intron

         6.1 Termination of Agreement Without Cause. Intron may unilaterally and
without cause terminate this Agreement provided that: (a) Intron gives
Consultant written notice at least one year in advance of the effective date of
such termination and (b) such termination shall not become effective sooner than
the third anniversary of the Effective Date of this Agreement. In the event of
termination under this Section 6.01, the non-competition provisions of Article
III shall continue only for so long as Intron continues to pay Consultant's
compensation under Section 1.02 hereof, up to eighteen years beyond the
Effective Date hereof, and the confidentiality obligations of Article II shall
continue for so long as Intron continues to pay Consultant's compensation under
Section 1.02, and for five (5) years thereafter.

         6.2 Termination of Consultant's Duty to Provide Services,. Intron may
terminate Consultant's duty to provide services hereunder, without altering any
other right or obligation of either party under this Agreement, provided that:
(a) Intron gives Consultant written notice at least one year in advance of the
Effective Date of such termination, and (b) such termination shall not become
effective sooner than the third anniversary of the Effective Date of this
Agreement. Without limiting the foregoing sentence, termination under this
Section 6.02 will act affect Intron's obligation to pay compensation pursuant to
Article I, or Consultant's obligations of confidentiality and non-competition
under Articles II and III. Termination of Consultant's duties under this
Section 6.02 shall not prejudice any right of Intron or Consultant to
terminate this Agreement under Section 6.01 or any other section of this
Agreement.

         6.3 Termination for Failure to Commence Phase I Clinical Studies.
Intron may, at its option, terminate this Agreement if Intron fails to commence
the first Phase I Clinical Study involving products or technologies involved in
the License Agreement before the first anniversary of the Effective Date, for
any reason. In this event, Consultant's obligations of confidentiality under
Article II shall continue as provided therein, and Consultant's, Non-Competition
obligations under Article III shall continue only for so long as Intron pays
Consultant's compensation under Section 1.02 hereof.

                                      -6-
<PAGE>   7
                                  ARTICLE VII.

                                 Miscellaneous.

         7.1 Notice. For purposes of this Agreement, notices and all other
communications provided for herein shall be in writing and shall be deemed to
have been duly given when personally delivered or when mailed by United States
registered or certified mail, return receipt requested, postage prepaid,
addressed as follows:

         If to Intron:

         Intron Therapeutics, Inc.
         c\o Mr. David G. Nance
         301 Congress Avenue, Suite 2025
         Austin, Texas 78701

         With a copy to:

         Mr. Rodney Varner
         Wilson & Varner, L.L.P.
         Attorneys at Law
         301 Congress Avenue, Suite 2025
         Austin, Texas 78701

         If to Consultant, at the address identified on the signature page
hereof, or to such other address as either party may furnish to the other in
writing in accordance herewith, except that notices of change of address shall
be effective only upon receipt.

         7.2 Applicable Law. The substantive laws of the State of Texas,
excluding any law, rule or principle which might refer to the substantive law of
another jurisdiction, will govern the interpretation, validity and effect of
this Agreement without regard to the place of execution or the place for
performance thereof. This Agreement is to be at least partially performed in
Harris County, Texas, and, as such, Intron and Consultant agree that personal
jurisdiction and venue shall proper with the state or federal courts situated in
Harris County, Texas, to hear such disputes arising under this agreement.

         7.3 No waiver. No failure by either party hereto at any time to give
notice of any breach by the other party of, or to require compliance with, any
condition or provision of this Agreement shall be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent
time.

         7.4 Severability. If a court of competent jurisdiction determines that
any provision of this Agreement is invalid or unenforceable, then the invalidity
or unenforceability of that provision shall not affect the validity or
enforceability of any other provision of this Agreement, and all other

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provisions shall remain in full force and effect. Further, such provision shall
be reformed and construed to the extent permitted by law so that it may be
valid, legal and enforceable to the maximum extent possible.

         7.5 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which
together will constitute one and the same Agreement.

         7.6 Headings. This section headings have been inserted for purposes of
convenience and shall not be used for interpretive purposes.

         7.7 Assignment. This Agreement may not be assigned by Intron without
Consultant is written consent, unless such assignment is made in connection with
a corporate merger or reorganization, or transfer of substantially all of the
assets of Intron, in which event assignment shall be permitted. Consultant's
unique knowledge and expertise being a fundamental consideration for this
Agreement, neither this Agreement nor any benefit hereof shall be assigned by
Consultant without Intron's written consent. Any attempted assignment by a party
in violation hereof shall be null and void.

         7.8 Successors: Third Party Beneficiary. This Agreement shall inure to
the benefit of the lawful successors and assigns of Intron and be binding upon
the lawful successors and assigns of Intron, and be binding upon and inure to
the benefit of Consultant and his personal representatives, successors and
assigns.

         7.9 Entire Agreement. This Agreement constitutes the entire agreement
of the parties with regard to the subject matter hereof, and contains all the
covenants, promises, and representations, warranties and agreements between the
parties with respect to the subject matter hereof. Each party to this Agreement
acknowledges that no representation, inducement, promise or agreement, oral or
written, with regard to the subject matter hereof, has been made by either
party, or by anyone acting on behalf of either party, which is not embodied
herein, and that no agreement, statement or promise relating to the subject
matter hereof which is not contained in this Agreement or in such other
agreements shall be valid and binding.

         7.10 Amendments. No amendment or modification to this Agreement will be
effective unless it is in writing and signed by the parties.

         7.11 Injunctive Relief. In view of the inadequacy of money damages, if
Consultant shall fail to comply with any provisions of this Agreement,
(particularly, without limitation, Articles II or III hereof) Intron shall be
entitled, to the extent permissible by law, to injunctive relief in the case of
the violation, or attempted or threatened violation, by Consultant, of any such
provision, or to a decree compelling specific performance by Consultant, of any
such provision, or to any other remedies legally available.

                                      -8-
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         7.12 Tax Representations Consultant acknowledges that Intron has made
no warranties or other representations to Consultant with respect to the income
tax consequences of the transactions contemplated by this Agreement and
Consultant is in no manner relying on Intron or its representatives for an
account of such tax consequences.

         7.13 Further Assurances. The parties agree to execute such further
instruments and to take such further action as may reasonably be necessary to
carry out the intent of this Agreement.

         IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed and delivered as of the day and year first above written.

                                            INTRON THERAPEUTICS, INC.

                                            By  /s/ DAVID G. NANCE
                                                --------------------------------
                                                David G. Nance, President

                                                /s/ JACK A. ROTH
                                            ------------------------------------
                                                Jack A. Roth, M.D.

                                            Address:
                                            1515 Holcombe Blvd., Box 109
                                            Houston, TX 77030

                                      -9-<PAGE>   1
                                                                   EXHIBIT 10.17

                              CONSULTING AGREEMENT

         This Consulting Agreement (this "Agreement") is entered into by and
between E J Financial Enterprises, Inc., a Delaware corporation ("Consultant")
and Intron Therapeutics, Inc., a Delaware corporation ("Intron").

         1. Term of Agreement. This Agreement shall commence on the effective
date hereof (the "Commencement Date"), and continue thereafter until the earlier
of the third anniversary of the Commencement Date or until termination by Intron
upon thirty (30) days written notice. This Agreement shall be automatically
renewed for an additional one year term upon the third anniversary and each
subsequent anniversary hereof, unless either party gives notice of termination
before such anniversary.

         2. Duties and Responsibilities. During the term hereof, Consultant will
provide assistance to Intron in licensing, business development, and financial
services. Consultant agrees to make available to Intron the services of its
employee Mahendra Shah to assist with business development, license negotiation,
market analysis, and general corporate development. Consultant agrees to make
Dr. Shah available to serve as vice president of Intron, or in such other
capacity as may be designated by Intron's board of directors. Consultant further
agrees to make its employee Tim Kelly available to provide accounting and
financial services to Intron, and to serve as the Chief Financial officer of
Intron, or in such other capacity as may be designated by Intron's board of
directors. Consultant understands and recognizes that Intron is a newly formed
corporation which could not afford the full time services of professionals such
as Dr. Shah and Mr. Kelly without Consultant's agreement as herein provided.

         3. Compensation. Consultant shall receive and Intron shall pay to
Consultant during the term of this Agreement a fee of $150,000 per calendar
year, paid quarterly. Upon mutual agreement between Consultant and Intron, such
compensation may be paid all or in part in Intron stock or stock options, at
such valuation as may be agreed by the parties. Failure of the Intron to pay any
installment when due shall not be deemed a waiver of such amount, which will
accrue and continue as a liability of Intron to Consultant. Consultant agrees
that Dr. Shah and Mr. Kelly will be employees of Consultant and not of Intron,
and Intron will not withhold federal income taxes, federal or state unemployment
taxes, social security taxes, or other amounts from Consultant's fees, and
Consultant shall be solely responsible for Consultant's tax obligations. In the
event this Agreement is terminated on a date other than an anniversary,
compensation shall be pro-rated based upon the time in which it is in effect
during the year.

         4. Business Expenses. Consultant shall be reimbursed for reasonable and
necessary business expenses incurred in the performance of services hereunder.
Consultant shall keep accurate records and receipts reflecting, expenses so
incurred and shall furnish Intron with any and all supporting documentation of
such expenses at the request of Intron.

         5. Non-Disclosure Agreement. Consultant hereby expressly acknowledges
that pursuant to the relationship established by this Agreement, Consultant may
obtain or be given access to certain information, documents and records of a
confidential or proprietary nature with respect to Intron and/or its business,
prospects, customers, agents, competitors and suppliers. Consultant further
<PAGE>   2
acknowledges that the unauthorized use or disclosure of any such information
both during and after the term of this Agreement could seriously damage and
interfere with Intron's business and business prospects. Accordingly, Consultant
hereby expressly covenants and agrees with Intron that it is in a fiduciary
relationship with Intron, and as such, shall treat all information, records and
confidences, including but not limited to prospect and customer lists, computer
software and programs, patents, patent applications, contracts and all other
written documents pertaining to any business of Intron, and any other agreements
between Intron and its employees, agents or contractors, all support data
related to or used in conjunction with the business of Intron, and any other
information which Intron has provided to or which Consultant may obtain or
generate in fulfilling its services under this Agreement as CONFIDENTIAL AND
PROPRIETARY in nature. Consultant further covenants and agrees not to copy,
reproduce, disclose or distribute any such materials or information at any time
without Intron's prior written consent, which consent may be withdrawn at any
time. Consultant further agrees that upon termination of this Agreement it will
not at any time disclose to any third party any of the information described
above. Consultant agrees that all of the aforementioned information and
materials are the exclusive property of Intron and Consultant agrees not use or
disclose such confidential information at any time either prior to or after
termination of this Agreement except as specifically provided for herein.
Consultant agrees that Intron shall be entitled to an injunction to restrain
Consultant from the commission of any of the acts prohibited by this paragraph;
provided, however, that nothing herein shall be construed as prohibiting Intron
from pursuing any other remedies available to it for breach or any threatened
breach by Consultant of the provisions of this paragraph and the fiduciary
relationship described herein. This covenant shall be effective immediately upon
execution hereof, and shall be applicable to all such documents and information
given or disclosed to Consultant prior to or after the date of execution hereof.

         6. Employees Bound. Consultant will cause each of its employees who has
access to confidential information of Intron to execute a written agreement for
the benefit of Intron containing the confidentiality and non-competitive
provisions of Paragraphs 5 and 6 hereof.

         7. Conflicts of Interest. Intron recognizes that Consultant is involved
in many for-profit activities and that Dr. Shah and Mr. Kelly have many business
responsibilities other than those undertaken herein. Consultant shall be free to
continue all of such activities, subject to Paragraphs 5 and 6 hereof.

         8. Entire Agreement. This Agreement supersedes any and all other
agreements, either oral or written, between the parties hereto with respect to
the subject matter hereof and contains all of the covenants and agreements
between the parties hereto with respect to the subject matter hereof and
contains all of the covenants and agreements between the parties with respect
hereto.

         9. Modification. No change or modification of this Agreement shall be
valid or binding upon the parties hereto, nor shall any waiver of any term or
condition in the future be so binding, unless such change or modification or
waiver shall be in writing and signed by the parties hereto.

                                      -2-
<PAGE>   3
         10. Governing Law. This Agreement and the rights and obligations of the
parties hereto, shall be governed by and construed in accordance with the laws
of the State of Texas and shall be performable in Travis County, Texas.

         11. Counterparts. This Agreement may be executed in counterparts, each
of which shall constitute an original, but all of which shall constitute one and
the same document.

         12. Costs. If any action at law or in equity is necessary to enforce or
interpret the terms of this Agreement, the prevailing party shall be entitled to
reasonable attorneys' fees, costs and necessary disbursements in addition to any
other relief to which he or it may be entitled.

         13. Estate. If Consultant dies prior to the expiration of the term of
this Agreement, any moneys that may be due him from the Intron under this
Agreement as of the date of his death shall be paid to his estate.

         14. Assignment. Intron shall have the right to assign this Agreement to
its successors or assigns, provided that all covenants and agreements contained
herein shall be enforceable against Intron's successors or assigns. The terms
"successors" and "assigns" shall include any person, corporation, partnership or
other entity that buys all or substantially all of Intron's assets or all of its
stock, or with which Intron merges or consolidates. The rights, duties and
benefits to Consultant hereunder are personal to Consultant, and no such right
or benefit may be assigned by Consultant.

         15. Binding Effect. This Agreement shall be binding upon the parties
hereto, together with their respective executors, administrators, successors,
personal representatives, heirs and assigns.

         16. Waiver of Breach. The waiver by Consultant of a breach of any
provision of this Agreement by Consultant shall not operate or be construed as a
waiver of any subsequent breach by Consultant.

                                      -3-
<PAGE>   4
         IN WITNESS WHEREOF, the parties hereto have executed this Agreement to
be effective as of July 1, 1994.

                                           CORPORATION:

                                           INTRON THERAPEUTICS, INC.

                                           /s/ DAVID NANCE
                                           -------------------------------------
                                           David Nance, President

                                           CONSULTANT:

                                           E J FINANCIAL ENTERPRISES

                                           By: /s/ JOHN N. KAPOOR
                                               ---------------------------------

                                           Its: President
                                               ---------------------------------

                                      -4-

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