Document:

EMPLOYMENT
      AGREEMENT

    

    EMPLOYMENT
      AGREEMENT
      (“Agreement”) made as of the 4th day of October 2006 by and between THE
      SINGING MACHINE COMPANY INC.
      a
      Delaware corporation with its principal offices at 6601 Lyons Road, Coconut
      Creek, FL 33073 (the “Company”) and M. Alicia Haskamp whose residence address is
      1000 Spanish River Road, Apartment 2F, Boca Raton, Florida, 33432 (the
“Employee”).

    

    The
      Company and the Employee hereby agree as follows with respect to the Employee’s
      relationship with the Company.

    

    
      	
              1.

            	
              Relationship
                Term:

            

    

     

    The
      Company shall retain the Employee and the Employee shall be retained by the
      Company, on the terms and conditions hereinafter set forth, as an Employee
      for a
      period (the “Employment Period”) commencing on November 1, 2006 (the
      Commencement Date), and ending on October 31, 2008 (the “Termination Date”),
      unless terminated sooner pursuant to the provisions hereof. During the entire
      term of this Agreement, the Employee shall be the Company’s Senior Vice
      President Sales and Product Development. 

    

    
      	
              2.

            	
              Efforts
                on Company’s Behalf:

            

    

     

    The
      Employee shall devote all of her time and best efforts, skills and attention
      to
      the business and affairs of the Company; she shall serve the Company faithfully
      and competently and shall at all times act in the Company’s best interest. The
      services to be rendered by Employee during the term hereof shall be as Senior
      Vice President, Sales & Product Development, subject at all times to the
      direction and control of the Chief Executive Officer. Nothing herein shall
      be
      construed to prevent Employee from investing in or participating in the
      management of companies or other entities, which do not compete with the Company
      or from serving on the board of directors of any other company.

    

    
      	
              3.

            	
              Compensation
                Package:

            

    

     

    
      	
              (a)

            	
              The
                Company shall pay to the Employee, and the Employee agrees to accept,
                base
                salary of one hundred and sixty thousand dollars ($160,000) per year,
                payable in accordance with normal payroll policies of the Company
                and
                shall be subject to all usual and customary payroll deductions including
                all applicable withholding taxes.

            

    

     

    
      	
              (b)

            	
              In
                addition, the Employee will be compensated based on the following
                performance sales target starting April 1,
                2007.

            

    

     

    Sales
      bonus based on the hardware sales revenue (this will exclude music) exceeding
      the net sales of US$30 million ending March 31, 2007, on the following
      formula:

     

    
      	
            	-	
              0.85%
                on net sales with the exception of sales generated and/or affiliated
                with
                Rick Bond and Griffin International which will be at 0.15%.
                

            

    

     

    
      	
            	-	
              Net
                sales shall be defined as gross sales revenue minus deductions for
                returns
                and defective goods. 

            

    

     

    
      	 	
              -

            	
              This
                sales bonus format will be calculated from April 1 to March 31 of
                each
                year and will be paid on or before June 30 of each year for the previous
                year.

            

    

     

    
      	 	
              -

            	
              By
                way of example, the compensation which the employee shall receive
                is set
                forth on Attachment A.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      	
              (c)

            	
              Any
                base salary increase or bonus during the term hereof should be at
                the sole
                discretion of the Company’s Board of Directors based on the Company’s and
                the Employee’s performances

            

    

    

    
      	
              4.

            	
              Bonus/Benefits
                Compensation:

            

    

     

    
      	
              (a)

            	
              At
                the sole discretion of the Company’s board of Directors, the Employee may
                receive a bonus (the “profit Bonus”) for each fiscal year of the Company
                (“Fiscal year”) during the employment period based on Company’s and the
                Employee’s performances

            

    

    

    
      	
              (b)

            	
              The
                Company shall pay to the employee a car allowance of $ 500 per month.
                

            

    

    

    
      	
              5.

            	
              Benefit
                Plans:

            

    

    

    
      	
              (a)

            	
              The
                Employee shall be entitled to participate in all Company-sponsored
                benefit
                plans in accordance with terms, conditions and costs with usual or
                customary Company policy.

            

    

    

    
      	
              (b)

            	
              In
                the event that the Company purchases insurance on the life of Employee,
                Employee shall be entitled to purchase said policy from the Company
                in the
                event of her termination, pursuant to the terms hereof, for an amount
                equal to the cash surrender value
                thereof.

            

    

    

    
      	
              6.

            	
              Business
                Expenses:

            

    

     

    The
      Employee shall be reimbursed for all usual and customary expenses incurred
      on
      behalf of the Company, in accordance with Company practices and procedures;
      provided that each such expense is of a nature qualifying it as a proper
      deduction on the Federal income tax returns of the Company, exclusive of any
      limitation rules as a business expense of the Company and not as compensation
      to
      Employee, and Employee furnishes the Company with adequate documentary evidence
      to substantiate such expenses.

    

    
      	
              7.

            	
              Vacation:

            

    

     

    Employee
      shall be entitled to a paid vacation of three weeks per each year of this
      Agreement. Such vacation time allowance shall cumulatively accrue, and any
      unused vacation time for each year can be used in the following year. The
      Company shall make all reasonable efforts to enable Employee to use her vacation
      leave each year. Employee shall also be entitled to all paid holidays made
      generally available by the Company to its employees. 

    

    
      	
              8.

            	
              Death
                or Disability:

            

    

     

    
      	
              (a)

            	
              Notwithstanding
                anything to the contrary contained in Paragraph 1 above if, during
                the
                term hereof, the Employee suffers a disability (as defined below)
                the
                Company shall, subject to the provisions of Paragraph 8 (c) hereof,
                continue to pay Employee the compensation provided in Paragraph 3
                hereof
                during the period of her disability; provided, however, that, in
                the event
                Employee is disabled for a continuous period of ninety (90) consecutive
                days or for shorter periods aggregating ninety (90) days in any
                twelve-month period that the Employee is incapable of substantially
                fulfilling the duties set forth in Section 2 or hereafter assigned
                to him
                by the Chief Executive Officer or Board of Directors because of physical,
                mental or emotional incapacity resulting from injury, sickness or
                disease
                as determined by an independent physician agreed upon by both the
                Company
                and the Employee, the Company may, at its election, terminate this
                Agreement. In the event of such termination, the Company, shall continue
                to be obligated to pay Employee his compensation earned up to the
                date of
                termination.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	(b)	
              As
                used in this Agreement, the term “disability” shall mean the substantial
                inability of Employee to perform her duties under this Agreement
                as
                determined by an independent physician agreed upon by both the Company
                and
                the Employee.

            

    

    

    
      	
              (c)

            	
              In
                the event that employment ceases prior to the end of a calendar month
                as a
                result of death or disability or in the event of a termination described
                in Paragraph 10 below, the Company shall pay Employee or her legal
                representatives, as the case may be, in addition to any other amounts
                payable by the Company hereunder, a lump cash sum which shall in
                no event
                be less than the salary plus any bonus to which Employee would have
                been
                entitled, had she continued to be affiliated with the Company until
                the
                end of the calendar month during which her affiliation
                terminates.

            

    

    

    
      	
              9.

            	
              Termination:

            

    

     

    
      	
              (a)

            	
              Termination
                Without Cause by the Company: The Company may terminate this Agreement
                without cause at anytime upon written notice to the Employee, whereupon
                this Agreement shall terminate on the date specified therein. The
                Company
                shall pay the Employee a severance amount equal to the remaining
                amount of
                Employee’s Base Salary left on this agreement (the “Severance Amount”),
                payable in full within thirty (30) days from the date specified therein
                (hereinafter, the “Severance Payout Period”) and shall be subject to all
                usual and customary payroll deductions, including applicable withholding
                taxes. At the same time, all the options granted to Employee shall
                be
                vested immediately upon termination without
                causes.

            

    

    

    
      	
              (b)

            	
              Termination
                Without Cause by the Employee: Employee may terminate this agreement
                for
                any reason upon giving 60 days advance notice. Upon termination by
                Employee, all of Employees unvested options shall be forfeited and
                Employee shall abide by the termination Without Cause non-competition
                agreements set forth herein. In such an event of termination, the
                Company
                shall be obligated only to continue to pay to Employee her Base Salary
                earned up to the effective date of
                termination.

            

    

    

    
      	
              (c)

            	
              Termination
                for Cause: The Company may immediately terminate this Agreement at
                any
                time during the Employment Period for “cause”. In such an event of
                termination, the Company shall be obligated only to continue to pay
                to
                Employee her Base Salary earned up to the effective date of termination.
                “Cause” for purposes hereof shall mean a breach of any of the provisions
                of this Agreement by Employee, wilful misconduct or neglect of duties,
                conviction of any criminal offence involving a felony, gross negligence,
                refusal or failure to follow the legal and legitimate directives
                of the
                Board of Directors, malfeasance or a crime of moral turpitude.
                

            

    

    

    
      	
              (d)

            	
              Continuing
                Effect: Notwithstanding any termination of the Employee as provided
                in
                this Section 9 or otherwise, the provisions of Section 11 and 12
                shall
                remain in full force and effect and shall be binding on the Employee
                and
                her legal representatives, successors and
                assigns.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	10.	
              Consolidation,
                Merger or Sale of Assets:

            

    

     

    Nothing
      in this Agreement shall preclude the Company from consolidating or merging
      into
      or with, or transferring all or substantially all of its assets to, another
      corporation, which assumes this Agreement, and all obligations of the Company
      hereunder, in writing. Upon such consolidation, merger, or transfer of assets
      and assumption, the term “the Company” as used herein, shall mean such other
      corporation and this Agreement shall continue in full force and
      effect.

    

    
      	
              11.

            	
              Restrictive
                Covenants:

            

    

     

    
      	
              (a)

            	
              The
                Employee acknowledges that her services and responsibilities are
                unique in
                character and are of particular significance to the Company, that
                the
                Company is a competitive business and that the Employee’s continued and
                exclusive service to the Company under this Agreement is of a high
                degree
                of importance to the Company. Therefore, during the Employment Period
                and
                for the applicable periods specified below (each, the “Noncompete
                Period”), the Employee shall not, directly or indirectly, as owner,
                partner, joint venture, Employee, Broker, Corporate Officer, Agent,
                Principal, Licensor, Shareholder unless as owner of no more than
                five
                percent (5%) of the issued and outstanding capital stock of such
                entity if
                such stock is traded on a major securities exchange, or in any other
                his
                capacity whatsoever, engage in or have any connection with any business
                which is competitive with the Company, and which operates anywhere
                in the
                world on the effective date of termination of this Agreement.
                

            

    

    

    
      	
              Reason
                for Termination

            	
              Non-compete
                Period

            
	 	 
	
              Termination
                without cause

            	
              for
                balance of contract term

            
	
              Termination
                for cause

            	
              2
                years

            

    

    

    
      	
              (b)

            	
              For
                the purposes of this Agreement, a business will be deemed to be
                competitive with the Company if it is an importer/re-seller of consumer
                products including hardware and/or software, which is in the same
                product
                categories as those sold by the Company in the United States mass
                merchant
                marketplace.

            

    

    

    
      	
              (c)

            	
              In
                addition to the restrictions set forth in Section 11(a), during the
                Noncompete period, the Employee shall
                not:

            

    

    

    
      	
              i.

            	
              directly
                or indirectly, by initiating contact or otherwise, induce influence,
                combine or conspire with, or attempt to induce, influence, combine
                or
                conspire with, any of the officers, employees or agents of the Company
                to
                terminate his, her or its employment or relationship with or to compete
                against the company; or 

            

    

     

    
      	
              ii.

            	
              Directly
                or indirectly, by initiating contact or otherwise, divert or attempt
                to
                divert any or all of any customers’ or suppliers’ business with the
                Company.

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	(d)	
              If,
                in any judicial proceedings, a court shall refuse to enforce any
                of the
                covenants included in this Section 11 due to extent, geographic scope
                or
                duration thereof, or otherwise, then such unenforceable covenant
                shall be
                amended to relate to such lesser extent, geographic scope or duration
                and
                this Section 11 shall be enforceable, as amended. In the event the
                Company
                should bring any legal action or other proceeding against Employee
                for
                enforcement of this Agreement, the calculation of the Noncompete
                Period
                shall not include the period of time commencing with the filing of
                legal
                action or other proceeding to enforce this Agreement through the
                date of
                final judgement or final resolution, including all appeals, if any
                of such
                legal action or other proceeding unless the Company is receiving
                the
                practical benefits of this Section 11 during such time. The existence
                of
                any claim or cause of action by the Employee against the Company
                predicated on this Agreement or otherwise shall not constitute a
                defence
                to the enforcement by the Company of these
                covenants.

            

    

    

    
      	
              (e)

            	
              The
                Employee has carefully considered the nature and extent of the
                restrictions upon the Employee and the rights and remedies conferred
                upon
                the Company under this Section 11, and the Employee hereby acknowledges
                that the restrictions on his activity as contained herein are reasonably
                required for the Company’s protection, would not operate as a bar to the
                Employee’s sole means of support, are fully required to protect the
                legitimate interests of the Company, do not confer a benefit on the
                Company disproportionate to the detriment to the Employee and are
                material
                inducements to the Company to enter into this Agreement. The Employee
                hereby agrees that in the event of a violation by his of any of the
                provisions of this Agreement, the Company will be entitled to institute
                and prosecute proceedings at law or in equity to obtain damages with
                respect to such violation or to enforce the specific performance
                of this
                Agreement by the Employee or to enjoin the Employee from engaging
                in any
                activity in violation hereof.

            

    

    

    
      	
              12.

            	
              Treatment
                and Ownership of Confidential
                Information:

            

    

     

    The
      Employee acknowledges that during his employment he will learn and will have
      access to Confidential Information regarding the Company. For purposes of this
      Agreement, the term “Confidential” acquires or develops or has made use of,
      acquires or develops or has made use of, acquires or develops or has made use
      of, acquired or developed in whole or in part in connection with Employee’s
      employment with the Company (whether before or after the date of this
      Agreement), including any financial data, client names and addresses, employee
      data, discoveries, processes, formulas, inventions, know-how, techniques and
      any
      other materials or information related to the business or activities of the
      Company which are not generally known to others engaged in similar businesses
      or
      activities. The Employee acknowledges that such Confidential Information as
      is
      acquired and used by the Company or its affiliates is a special, valuable and
      unique asset. The Employee will not, except in connection with and as required
      by his performance of his duties under this Agreement, for any reason use for
      his own benefit, or the benefit of any person or entity with which she may
      be
      associated, or disclose any such Confidential Information to any person, firm,
      corporation, association or other entity for any reason or purpose whatsoever
      without the prior written consent of the Company’s Board of Directors, unless
      such Confidential Information previously shall be and shall remain the exclusive
      property of the Company. The Employee agrees to promptly disclose to the Company
      all Confidential Information developed in whole or in part by the Employee
      within the scope of this Agreement and to assign to the Company any right,
      title, or interest the Employee may have in such Confidential Information.
      The
      Employee agrees to turn over to the Company all physical manifestations of
      the
      Confidential Information in his possession or under his control at the request
      of the Company.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	13.	
              Employee
                Representations and
                Warranties:

            

    

     

    The
      Employee represents and warrants that he is not a party to, or bound by, any
      other his employment agreements. The Employee further represents and warrants
      to
      the Company that he is free of known physical and mental disabilities that
      would, with or without reasonable accommodations that would create an undue
      hardship for the Company, impair his performance hereunder and he is fully
      empowered to enter and perform his obligations under this Agreement. Without
      limiting the generality of the foregoing, the Employee represents and warrants
      that he is under no restrictive covenants to any person or entity that will
      be
      violated by his entering into and performing this Agreement.

    

    
      	
              14.

            	
              Arbitration:

            

    

     

    Except
      as
      provided in sections 11 and 24 hereof, any dispute, controversy or claim arising
      under, out of, in connection with, or in relation to this Agreement, or the
      breach, termination, validity or enforceability of any provision of this
      Agreement, will be settled arbitrator (the “Arbitrator”) chosen according to the
      rules of the American Arbitration Association’s National Rules for Resolution of
      Employment Disputes, with the additional proviso that all steps necessary to
      insure the confidentiality of the proceedings will be added to the basic rules.
      Unless otherwise mutually agreed upon by the parties, the arbitration hearings
      shall be held in the Broward County, Florida. The parties hereby agree that
      the
      Arbitrator has full power and authority to hear and determine the controversy
      and make and award in writing in the form of a reasoned judicial opinion. The
      parties hereby stipulate in advance that the award is binding and final. The
      parties hereto also agree that judgement upon the arbitration award may be
      entered in any federal or state court having jurisdiction thereof. Each party
      is
      responsible for their own legal fees and out-of-pocket expenses.

    

    
      	
              15.

            	
              Severability:

            

    

     

    Invalidity
      or unenforceability of any provisions hereof shall in no way affect the validity
      or enforceability of any other provisions.

    

    
      	
              16.

            	
              Terminology:

            

    

     

    All
      personal pronouns used in this Agreement, whether used in the masculine,
      feminine or neuter gender, shall include all other genders; the singular shall
      include the plural and vice versa. Titles of Paragraphs are for convenience
      only, and neither limit nor amplify the provisions of the Agreement
      itself.

    

    
      	
              17.

            	
              Governing
                Law:

            

    

     

    This
      Agreement shall be governed and construed in accordance with the laws of the
      State of Florida.

    

    
      	
              18.

            	
              Entire
                Agreement:

            

    

     

    This
      Agreement contains the entire understanding between the parties and may not
      be
      changed or modified except by an Agreement in writing signed by all the parties.
      By signing this agreement, both parties agree to terminate the Employment
      Agreement dated November 1, 2000, any prior amendment agreed on by the Employee
      with the Company in either orally or in writing regarding the employment and
      compensation.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	19.	
              Notice:

            

    

     

    Any
      notice required or permitted to be delivered hereunder shall be deemed to be
      delivered when deposited in the United States mail, postage prepaid, registered
      or certified mail, return receipt requested, addressed to the parties at the
      addresses first stated herein, or to such other address as either party hereto
      shall from time to time designate to the other party by notice in writing as
      provided herein.

    

    
      	
              20.

            	
              No
                Publicity:

            

    

     

    The
      Employee agrees that she will not engage in any conduct that is injurious to
      the
      Company’s reputation and interests, including, but not limited to, publicly
      disparaging (or inducing or encouraging others to publicly disparage) the
      Company or any of the Company’s directors, officers, employees or
      agent.

    

    
      	
              21.

            	
              Co-operation:

            

    

     

    Employee
      agrees to co-operate fully with the Company by providing information to the
      Company and its representatives, agents or advisors regarding any business
      matters with which the Employee may become involved with during the terms of
      this Agreement and to co-operate fully in the event of any litigation or legal,
      administrative or regulatory proceeding by providing information, including
      but
      not limited to, providing truthful testimony at any legal, administrative or
      regulatory proceeding, regarding any facts or information of which Employee
      has
      knowledge and/or any business matters of which Employee has or had knowledge.
      

    

    
      	
              22.

            	
              Assign
                ability:

            

    

     

    The
      rights and obligations of the Company under this Agreement shall insure the
      benefit of and be binding upon the successors and assigns of the Company,
      provided that such successor or assign shall acquire all or substantially all
      of
      the assets and business of the Company and, further provided that any such
      assignment shall not release the Company from its obligations to the Employee
      hereunder. The employee’s rights and obligations hereunder may not be assigned
      or alienated without the prior written consent of the Company and any attempt
      to
      do so by the Employee will be void.

    

    
      	
              23.

            	
              Injunctive
                Relief:

            

    

     

    The
      Employee acknowledges and agrees that in the event Employee violates any term,
      covenant or provision of Section 11 of this Agreement, the Company will suffer
      irreparable harm for which the Company will have no adequate remedy at law.
      The
      Employee agrees that the Company shall be entitled to injunctive relief for
      any
      breach or violation of Section 11 of this Agreement, including but not limited
      to the issuance of an ex-parte preliminary injunction, in addition to and not
      in
      limitation of any and all other remedies available to the Company at law or
      in
      equity.

    

    
      	
              24.

            	
              Indemnification/Offsets:

            

    

     

    The
      Company agrees that the Employee shall be covered under applicable Directors
      and
      Officers insurance policies as may be purchased from time to time. As such
      the
      Company agrees to indemnify and hold Employee harmless from any and all claims
      that arise as a result of the dutiful performance by Employee of his obligations
      hereunder. Further, the Employee agrees to hold the Company harmless and
      indemnify the Company from and against any claims that may be made against
      Company as a result of the Employee’s negligent or wilful conduct. The existence
      of any claim or cause of action of the Employee against the Company, whether
      predicated on this Agreement or otherwise, shall not constitute a defence to
      the
      enforcement by the Company of this Agreement.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	25.	
              Employee
                Acknowledgement:

            

    

     

    The
      Employee acknowledges and agrees that Employee has read and understands the
      terms set forth in this Agreement and has been given a reasonable opportunity
      to
      consult with an attorney prior to execution of this Agreement.

    

    
      	
              26.

            	
              Other
                Instruments:

            

    

     

    The
      parties hereby covenant and agree that they will execute such other and further
      instruments and documents as are or may become necessary or convenient to
      effectuate and carry out the terms of this Agreement.

    

    
      	
              27.

            	
              Counterparts:

            

    

     

    This
      Agreement may be executed in any number of counterparts and each such
      counterpart shall for all purposes be deemed an original.

    

    IN
      WITNESS WHEREOF, this Agreement has been duly signed by the Employee and on
      behalf of the Company on the day and year first above written.

    

    THE
      SINGING MACHINE COMPANY INC

     

    
      	 	 	 	 
	/s/
              Yi Ping Chan	 	 	 
	
              
By: 
Yi
              Ping Chan	 	 	
            
	
              Interim
                Chief Executive Officer

            	 	 	

    

     

    EMPLOYEE

     

    
      	 	 	 	 
	/s/
              Alicia Haskamp	 	 	 
	
              
M.
              Alicia Haskamp	 	 	
            
	 	 	 	

    

     

    
      
         

      

      
        8Exhibit
      10.1

    September
      15, 2006

    

    Lawrence
      Akinsanmi, M.D., Ph.D.

    3
      Jewel
      Court

    Marlboro,
      NJ 07746

    

    Dear
      Mr.
      Akinsanmi:

    

    We
      are
      pleased to extend an offer of employment to you as Vice President of Clinical
      Operations and Regulatory Affairs of VioQuest Pharmaceuticals Inc.

    

    This
      letter (the “Letter”) shall confirm our understanding as to the terms of your
      employment with VioQuest Pharmaceuticals, Inc. (“the Company”).

    

    
      	 	
              1.

            	
              This
                letter is being provided to you as an offer to begin work on October
                1,
                2006 (“Effective Date”) as an employee of the Company and receive an
                annual base salary equal to $235,000, payable on a semi-monthly basis.
                You
                will be eligible for a target bonus of 20% of your base salary based
                on
                personal performance, and an additional 10% based on Company performance.
                

            

    

    

    
      	 	
              2.

            	
              You
                shall be entitled to receive stock options to purchase 100,000 shares
                of
                the Company’s Common Stock at a per share price equal to the greater of
                (a) $.65 or (b) 105% of the closing bid price of the Company’s Common
                Stock on the OTC Bulletin Board on the Effective Date (the “Options”)
                (subject to adjustment for splits and/or other capital restructuring),
                such Options to vest as follows: 

            

    

    

    (a)
      33,000 of the Options will vest on the date that is one year from the Effective
      Date;

    (b)
      33,000 of the Options will vest on the date that is two years from the Effective
      Date; 

    (c)
      34,000 of the Options will vest on the date that is three years from the
      Effective Date; 

    

    No
      other
      Options will vest until the first anniversary of the Effective Date. With the
      exception of the foregoing terms described above, all terms of the Options
      will
      be consistent with Company’s employee stock option plan to be implemented by the
      Company following the Effective Date. Options will only vest if you are an
      employee of the Company. Upon your termination, unvested options will be deemed
      expired.

    

    
      	 	
              4.

            	
              You
                shall be reimbursed for all of your pre-approved out-of-pocket expenses
                incurred in connection with the Company’s business.
                

            

    

    

    
      	 	
              5.

            	
              You
                will be entitled to participate in the full benefits package which
                includes medical, dental, life and travel insurances, as well as
                the
                Company’s 401(K) program pursuant to the group policy of the Company.
                

            

    

    

    
      	 	
              6.

            	
              Your
                employment shall be on an at-will basis and will be subject to the
                Company’s employee manual and code of ethics, confidentiality, inventions
                and non-compete agreement, and the CEO’s general satisfaction with your
                work performance. You may terminate your employment with the Company,
                for
                any reason, upon 10 days notice. 

            

    

    

    
      	 	
              7.

            	
              You
                represent to the Company that your employment with the Company will
                not
                constitute a breach or other violation of any agreement or contract
                under
                which you are bound or any other obligation that you owe to any third
                party. You further represent that no approvals or consents are required
                in
                order for you to be employed by the Company as contemplated by this
                letter.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              8.

            	
              Your
                employment with the Company will also be subject to our established
                policies and procedures, including the Company’s code of ethics and
                employee manual. In particular, you acknowledge the provisions of
                the
                employee manual set forth under the caption “Confidentiality and
                Intellectual Property Assignment Agreement” and agree that you will be
                bound by the terms of such section (as well as the other provisions
                of the
                employee manual). 

            

    

     

    
      	 	
              9.

            	
              You
                agree during your term of employment with the Company and for twelve
                months following the end of your employment, you will not solicit
                the
                business of, interfere with, disrupt, or attempt to disrupt, the
                Company's
                business relationship with, any of its clients or investors, or solicit
                any of the Company's employees. 

            

    

     

    
      	 	
              10.

            	
              You
                shall receive 15 business days as vacation
                days.

            

    

    

    
      	 	
              11.

            	
              Your
                title at the Company shall be Vice President of Clinical Operations
                and
                Regulatory Affairs, responsible for clinical trials’ development,
                strategy, operations, and coordinating and overseeing regulatory
                affairs.
                You will report to the Chief Medical
                Officer.

            

    

    

    This
      offer for employment is valid until September 25, 2006. If the Company does
      not
      receive a response by you as of this date, the offer will expire.

    

    If
      you
      find the foregoing arrangement acceptable and believe that the foregoing
      accurately summarizes our understanding, please kindly so indicate by executing
      and dating the attached copy of this letter in the space provided and returning
      a copy to me.

    

    
      	 	
              Very
                truly yours,

              

              VioQuest
                Pharmaceuticals, Inc. 

               

              /s/
                Daniel Greenleaf

              Daniel
                Greenleaf

              President
                and CEO 

            

    

      

    ACCEPTED
      & AGREED

     

    /s/
      Lawrence Akinsanmi

    Lawrence
      Akinsanmi, M.D., Ph.D.

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