Document:

Exhibit 10.59

Exhibit 10.59

CONSULTING AGREEMENT

This Consulting Agreement (this “Agreement”) is entered into effective as of July 15,
2009 by and between Michele Yelmene, an individual resident of the State of California
(“Consultant”), and ADVENTRX Pharmaceuticals, Inc., a Delaware corporation (the
“Company”).

1. Consulting Relationship. During the term of this Agreement, Consultant will
provide consulting services (the “Services”) to the Company as described on
Exhibit A attached to this Agreement. Consultant shall provide Services only as requested
by the Company.

2. Fees. As consideration for the Services to be provided by Consultant and other
obligations, subject to reasonable supporting documentation if required by the Company, the Company
shall pay to Consultant the amounts specified in Exhibit B attached to this Agreement at
the times specified therein.

3. Expenses. Consultant shall not be authorized to incur on behalf of the Company any
expenses without the prior consent of the Company’s Chief Business Officer (the “Company
Contact”), which consent shall be evidenced in writing for any expenses in excess of $500 per
month. As a condition to receipt of reimbursement, Consultant shall be required to submit to the
Company reasonable evidence that the amount involved was expended and related to Services provided
under this Agreement.

4. Term and Termination. Consultant shall serve as a consultant to the Company for a
period commencing on the Effective Date and terminating on December 31, 2009, unless sooner
terminated upon written notice of termination from the Company to Consultant or from Consultant to
the Company.

5. Independent Contractor. Consultant’s relationship with the Company will be that of
an independent contractor and not that of an employee.

(a) Method of Provision of Services. Consultant shall be solely responsible for
determining the method, details and means of performing the Services. Consultant may not employ or
engage the service of any third parties to perform the Services required by this Agreement.

(b) No Authority to Bind Company. Consultant has no authority to enter into contracts
that bind the Company or create obligations on the part of the Company without the prior written
authorization of the Company.

(c) No Benefits. Consultant acknowledges and agrees that Consultant will not be
eligible for any Company employee benefits and, to the extent Consultant otherwise would be
eligible for any Company employee benefits but for the express terms of this Agreement, Consultant
hereby expressly declines to participate in such Company employee benefits.

(d) Withholding; Indemnification. Consultant shall have full responsibility for
applicable withholding taxes for all compensation paid to Consultant under this Agreement, and for
compliance with all applicable labor and employment requirements.

6. Supervision of Consultant’s Services. All of the services to be performed by
Consultant, including but not limited to the Services, will be as determined by the Company
Contact. Consultant will report to the Company Contact concerning the Services performed under
this Agreement. The nature and frequency of these reports will be determined by the Company
Contact.

 

 

 

7. Confidentiality. During the performance of the Services, the Company may disclose
to Consultant and Consultant may generate or develop, data and other information that the Company
regards as confidential and/or proprietary (including the terms of this Agreement) (collectively,
“Confidential Information”). Without in any way limiting Consultant’s continuing
obligations set forth in the surviving provisions of the Company’s Confidential Information,
Non-Solicitation and Invention Assignment Agreement for Employees, the Code of Business Conduct and
Ethics, the Policies and Procedure Manual, as updated from time to time, and the Insider Trading
and Disclosure Policy, each as previously signed by Consultant (collectively, “Employment
Documents”), Consultant will maintain all Confidential Information in confidence and will employ
reasonable procedures to prevent its unauthorized disclosure. Consultant will not disclose any
Confidential Information to anyone, or use any Confidential Information for any purpose, other than
as is necessary to perform the Services.

8. Inventions. Any inventions or discoveries (whether or not patentable or
copyrightable), innovations, suggestions and ideas (“Inventions”), and intellectual
property rights therein related to the Services or any Confidential Information, made, discovered
or developed by Consultant, jointly or with others, as a result of performing Services shall be
promptly disclosed to the Company and shall be the sole and exclusive property of the Company.
Consultant hereby assigns and agrees to assign to the Company any rights Consultant may have or
acquire in any such Inventions and agrees to assist the Company in every proper way to obtain and
from time to time enforce the Company’s intellectual property rights, whether registrable or not,
including, but not limited to, patents, copyrights and trademarks on Inventions in any and all
jurisdictions, and to that end Consultant will execute all documents for use in applying for and
obtaining intellectual property rights covering and enforcing Inventions as the Company may desire,
together with any assignments of Inventions to the Company or persons designated by it.

9. Conflicts with this Agreement. Consultant represents and warrants that Consultant
is not under any pre-existing obligation in conflict or in any way inconsistent with the provisions
of this Agreement. Consultant represents and warrants that Consultant’s performance of all the
terms of this Agreement will not breach any agreement to keep in confidence proprietary information
acquired by Consultant in confidence or in trust prior to commencement of this Agreement.
Consultant warrants that Consultant has the right to disclose and/or or use all ideas, processes,
techniques and other information, if any, which Consultant has gained from third parties, and which
Consultant discloses to the Company or uses in the course of performance of this Agreement, without
liability to such third parties. Notwithstanding the foregoing, Consultant agrees that Consultant
shall not bundle with or incorporate into any deliveries provided to the Company herewith any third
party products, ideas, processes, or other techniques, without the express, written prior approval
of the Company. Consultant represents and warrants that Consultant has not granted and will not
grant any rights or licenses to any intellectual property or technology that would conflict with
Consultant’s obligations under this Agreement. Consultant will not knowingly infringe upon any
copyright, patent, trade secret or other property right of any former client, employer or third
party in the performance of the Services required by this Agreement.

10. Miscellaneous.

(a) Amendments and Waivers. Any term of this Agreement may be amended or waived only
with the written consent of the parties.

(b) Sole Agreement. This Agreement, including the Exhibits hereto, constitutes the
sole agreement of the parties and supersedes all oral negotiations and prior writings with respect
to the subject matter hereof. For clarity, nothing in this Agreement has any effect on
Consultant’s continuing obligations under the surviving provisions of the Employment Documents.

 

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(c) Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight
delivery service or confirmed facsimile, 48 hours after being deposited in the regular mail as
certified or registered mail (airmail if sent internationally) with postage prepaid, if such notice
is addressed to the party to be notified at such party’s address or facsimile number as set forth
below, or as subsequently modified by written notice.

(d) Choice of Law. The validity, interpretation, construction and performance of this
Agreement shall be governed by the laws of the State of California as applied to agreements among
California residents entered into and to be performed entirely within California.

(e) Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, the parties agree to renegotiate such provision in good faith.
In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of
the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of
the Agreement shall be enforceable in accordance with its terms.

(f) Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed an original, but all of which together will constitute one and the same instrument.

(g) Arbitration. Any dispute or claim arising out of or in connection with any
provision of this Agreement will be finally settled by binding arbitration in San Diego County,
California, in accordance with the rules of the American Arbitration Association by one arbitrator
appointed in accordance with said rules. The arbitrator shall apply California law, as applied to
agreements among California residents entered into and to be performed entirely within California,
to the resolution of any dispute. Judgment on the award rendered by the arbitrator may be entered
in any court having jurisdiction thereof. Notwithstanding the foregoing, the parties may apply to
any court of competent jurisdiction for preliminary or interim equitable relief, or to compel
arbitration in accordance with this paragraph, without breach of this arbitration provision. This
Section 10(g) shall not apply to Section 7 hereof.

(h) Advice of Counsel. EACH PARTY ACKNOWLEDGES THAT, IN EXECUTING THIS AGREEMENT,
SUCH PARTY HAS HAD THE OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL, AND HAS READ
AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE
CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF.

[Signature page follows]

 

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The parties have executed this Agreement on the respective dates set forth below.

	 	 	 	 	 
	 	ADVENTRX PHARMACEUTICALS, INC.

 	 
	 	By:  	/s/ Patrick Keran
 	 
	 	 	Name:  	Patrick Keran 	 
	 	 	Title:  	Vice President, Legal 	 

	 	 	 	 	 
	 

	 	 Address:
	 	6725 Mesa Ridge Road, Suite 100

San Diego, CA 92121

	 	 	 	 	 
	 	MICHELE YELMENE

 	 
	 	/s/ Michele Yelmene
 	 
	 	Signature 	 

	 	 	 	 	 
	 

	 	Address:
	 	4568 Vista de la Tierra

Del Mar, CA 92014

 

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EXHIBIT A

DESCRIPTION OF CONSULTING SERVICES

Consultant will:

	 	•	 	Make herself available during the Company’s normal business hours at the Company’s
offices to perform consulting services as requested by the Company.
	 
	 	•	 	Respond to inquiries of the Company’s personnel regarding regulatory,
quality-assurance, clinical, manufacturing and related matters, and such other matters
related to the Company regarding which Consultant has knowledge.
	 
	 	•	 	Make herself available at the Company’s offices and use her best efforts in the
transition of her former duties to designated representatives or employees of the Company.
Such efforts include, but are not limited to, contacting the Company’s third-party service
providers with Company personnel regarding existing and new projects. For clarity,
Consultant agrees that Consultant shall not contact any third party regarding any Company
matter without the participation of the Company Contact unless otherwise requested by the
Company Contact.
	 
	 	•	 	Provide advice and assistance regarding special projects or any other matter consistent
with Consultant’s background, skills and experience.

 

 

 

EXHIBIT B

COMPENSATION

For Services rendered by Consultant under this Agreement, the Company shall pay Consultant at
the rate of $225 per hour. Unless otherwise agreed upon in writing by the Company, the
Company’s maximum liability for all Services performed during the term of this Agreement shall
not exceed $50,000. For clarity, other than with respect to travel approved in writing by the
Company, Consultant will be paid only for time spent physically in the Company’s offices.

If the Company requests Consultant to travel internationally, unless mutually agreed upon in
writing by Consultant and the Company otherwise, Consultant will be compensated (including for
travel time) as follows:

	 	•	 	$3,600 per Trip; plus
	 
	 	•	 	$1,800/day for each Approved Workday

A “Trip” means a travel itinerary in which SAN (or such other location as is approved in writing
in advance by the Company) is the starting and final destination, regardless of the number of
destinations or flight legs involved, provided such plan is approved in writing in advance by
the Company. An “Approved Workday” means each calendar day (including weekends), or combination
of partial calendar days, that the Company and Consultant mutually agree constitutes an
“approved workday;” provided, however, that in no event will the number of Approved Workdays
exceed the number of actual calendar days involved. The foregoing compensation will apply
regardless of the actual number of hours involved in travelling or worked. For clarity, subject
to Section 3, the Company will reimburse Consultant’s expenses reasonably related to travel
requested by the Company.

Consultant will invoice the Company within 10 days of the end of each calendar month for
services provided during the preceding month. Invoices will be due within 30 days of receipt of
an invoice reasonably acceptable to the Company.

 

 

 

AMENDMENT TO CONSULTING AGREEMENT

This Amendment to Consulting Agreement (this “Amendment”) is effective as of December 31, 2009
(the “Effective Date”) by and between ADVENTRX Pharmaceuticals, Inc., a Delaware corporation (the
“Company”), and Michele Yelmene, an individual and resident of the State of California (the
“Consultant”).

WHEREAS, the Company and the Consultant are parties to that certain Consulting Agreement,
effective as of July 15, 2009 (the “Consulting Agreement”);

WHEREAS, the Company and the Consultant wish to amend the Consulting Agreement as set forth
herein;

NOW, THEREFORE, in consideration of both the foregoing premises and the terms and conditions
set forth below, the Company and the Consultant hereby agree as follows:

1. Extension. Section 4 of the Consulting Agreement is hereby amended and restated to
read in its entirety as follows:

“Consultant shall serve as a consultant to the Company for a period commencing on the
Effective Date and terminating on December 31, 2010, unless sooner terminated upon written
notice of termination from the Company to Consultant or from Consultant to the Company.”

2. Compensation. The second sentence of the first paragraph of Exhibit B to the
Consulting Agreement is hereby amended and restated to read in its entirety as follows:

“Unless otherwise agreed upon in writing by the Company, the Company’s maximum liability
for all Services performed during the term of this Agreement shall not exceed $100,000.”

3. Internal Reference. The Company and the Consultant agree that any reference in the
Consulting Agreement to “this Agreement” (or similar references) will be a reference to the
Consulting Agreement, as amended.

4. Conflicts. Except to the extent expressly amended herein, the Consulting Agreement
shall remain in full force and effect.

5. Governing Law. This Amendment will be construed and enforced in accordance with
the laws of the State of California as applied to agreements among California residents entered
into and to be performed entirely within California.

 

 

 

IN WITNESS WHEREOF, the Company and the Consultant have executed this Amendment to Consulting
Agreement effective as of the Effective Date.

	 	 	 	 	 
	 	ADVENTRX PHARMACEUTICALS, INC.

 	 
	 	By:  	/s/ Brian M. Culley
 	 
	 	 	Name:  	Brian M. Culley 	 
	 	 	Title:  	Chief Executive Officer 	 
	 	 	 
	 	By:  	                          /s/ Michele Yelmene
 	 
	 	 	Michele Yelmene 	 

[COUNTERPART SIGNATURE PAGE TO AMENDMENT TO CONSULTING AGREEMENT]Exhibit 10.63

Exhibit 10.63

CONSULTING AGREEMENT

This Consulting Agreement (this “Agreement”) is entered into effective as of November
23, 2009 by and between ADVENTRX Pharmaceuticals, Inc., a Delaware corporation (the
“Company”), and Eric K. Rowinsky, an individual (“Consultant”).

1. Consulting Relationship. During the term of this Agreement, Consultant will
provide consulting services (the “Services”) to the Company as described on
Exhibit A attached to this Agreement. Consultant represents that Consultant is duly
licensed (as applicable) and has the qualifications, the experience and the ability to properly
perform the Services.

2. Fees. As consideration for the Services to be provided by Consultant and
Consultant’s other obligations as set forth herein, the Company shall pay to Consultant the amounts
specified in Exhibit B attached to this Agreement at the times specified therein.

3. Expenses. Consultant shall not be authorized to incur on behalf of the Company any
expenses.

4. Term and Termination. Consultant shall serve as a consultant to the Company for a
period commencing on the Effective Date and terminating on the 1-year anniversary of the Effective
Date; provided, however, that either party may terminate this Agreement at any time upon
ten days’ written notice. In the event of such termination, Consultant shall be paid for any
portion of the Services that have been properly performed prior to notice of termination. In
addition, should Consultant default in the performance of this Agreement or materially breach any
of its obligations under this Agreement, including but not limited to Consultant’s obligations
under Section 7, or should any Assistant (as defined in Section 5(a) below) default in the
performance of or materially breach any of its obligations under the agreement referred to in
Section 5(a), the Company may terminate this Agreement immediately upon written notice to the
Consultant. This Section 4 and Sections 5, 7, 8, 10, 11 and 12 will survive the expiration or
termination of this Agreement.

5. Independent Contractor. Consultant’s relationship with the Company will be that of
an independent contractor and not that of an employee.

(a) Method of Provision of Services: Consultant shall be solely responsible for
determining the method, details and means of performing the Services. Consultant may, at
Consultant’s own expense, employ or engage the service of third parties as Consultant deems
necessary to perform the Services required by this Agreement (the “Assistants”). Assistants
are not the employees of the Company and Consultant shall be wholly responsible for the
professional performance of the Services by each of the Assistants such that the results are
satisfactory to the Company. Consultant shall expressly advise the Assistants of the terms of this
Agreement and shall require each Assistant to execute a written agreement subjecting such Assistant
to the same obligations in favor of the Company as to which the Consultant is subject under this
Agreement (including, without limitation, under Sections 1, 3, 5, 6, 7 and 8).

(b) No Authority to Bind Company. Neither Consultant nor any partner, agent or
employee of Consultant has authority to enter into contracts that bind the Company or create
obligations on the part of the Company without the prior written authorization of the Company.

 

 

 

(c) No Benefits. Consultant acknowledges and agrees that Consultant (or Consultant’s
employees, if Consultant is an entity) will not be eligible for any Company employee benefits and,
to the extent Consultant (or Consultant’s employees, if Consultant is an entity) otherwise would be
eligible for any Company employee benefits but for the express terms of this Agreement, Consultant
(on behalf of itself and its employees) hereby expressly declines to participate in such Company
employee benefits.

(d) Withholding; Indemnification. Consultant shall have full responsibility for
applicable withholding taxes for all compensation paid to Consultant, Assistants and its other
partners, agents and employees, and for compliance with all applicable labor and employment
requirements with respect to Consultant’s self-employment, sole proprietorship or other form of
business organization, and Assistants and Consultant’s other partners, agents and employees,
including state worker’s compensation insurance coverage requirements and any US immigration visa
requirements. Consultant agrees to indemnify, defend and hold the Company harmless from any
liability for, or assessment of, any claims or penalties with respect to such withholding taxes,
labor or employment requirements, including any liability for, or assessment of, withholding taxes
imposed on the Company by the relevant taxing authorities with respect to any compensation paid to
Consultant, Assistants or any other of Consultant’s partners, agents or its employees.

6. Supervision of Consultant’s Services. All of the services to be performed by
Consultant, including but not limited to the Services, will be as agreed between Consultant and the
Company’s Principal Executive Officer (the “Company Contact”). Consultant and, at the Company’s
request, Assistants will be required to report to the Company Contact concerning the services
performed under this Agreement. The nature and frequency of these reports will be left to the
discretion of the Company Contact.

7. Confidentiality. During the performance of the Services, the Company will disclose
to Consultant and/or the Assistants, and Consultant and/or the Assistants will generate or develop,
data and other information that the Company regards as confidential and/or proprietary (including
the terms of this Agreement) (collectively, “Confidential Information”). Consultant will maintain
all Confidential Information in confidence and will employ reasonable procedures to prevent its
unauthorized disclosure. Consultant will not disclose any Confidential Information to anyone, or
use any Confidential Information for any purpose, other than as is necessary to perform the
Services.

8. Inventions. Any inventions or discoveries (whether or not patentable or
copyrightable), innovations, suggestions and ideas (“Inventions”), and intellectual property rights
therein related to the Services or any Confidential Information, made, discovered or developed by
Consultant or any Assistants, jointly or with others, as a result of performing Services shall be
promptly disclosed to the Company and shall be the sole and exclusive property of the Company.
Consultant hereby assigns and agrees to assign to the Company any rights Consultant may have
or acquire in any such Inventions and agrees to assist the Company in every proper way to obtain
and from time to time enforce the Company’s intellectual property rights, whether registrable or
not, including, but not limited to, patents, copyrights and trademarks on Inventions in any and all
jurisdictions, and to that end Consultant will execute all documents for use in applying for and
obtaining intellectual property rights covering and enforcing Inventions as the Company may desire,
together with any assignments of Inventions to the Company or persons designated by it.

 

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9. Conflicts with this Agreement. Consultant represents and warrants that neither
Consultant nor any of Consultant’s partners, employees or agents or any of the Assistants is under
any pre-existing obligation in conflict or in any way inconsistent with the provisions of this
Agreement. Consultant represents and warrants that Consultant’s and the Assistant’s performance of
all the terms of this Agreement will not breach any agreement to keep in confidence proprietary
information acquired by Consultant in confidence or in trust prior to commencement of this
Agreement. Consultant warrants that Consultant has and the Assistants have the unrestricted right
to disclose and/or or use all ideas, processes, techniques and other information, if any, which
Consultant has gained from third parties, and which Consultant discloses to the Company or uses in
the course of performance of this Agreement, without any liability to such third parties.
Notwithstanding the foregoing, Consultant agrees that neither Consultant nor any of the Assistants
shall bundle with or incorporate into any deliveries provided to the Company herewith any third
party products, ideas, processes, or other techniques, without first obtaining for the Company (and
its successors and assigns) a royalty-free, worldwide, irrevocable, transferable, nonexclusive
license to use such product, idea, process, or other technique for any purpose whatsoever.
Consultant represents and warrants that neither Consultant nor any of the Assistants has granted
and none of them will grant any rights or licenses to any intellectual property or technology that
would conflict with Consultant’s or the Assistant’s obligations under this Agreement. Consultant
will not knowingly infringe upon any copyright, patent, trade secret or other property right of any
former client, employer or third party in the performance of the Services.

10. Warranty Disclaimer. THE COMPANY MAKES NO WARRANTIES OR REPRESENTATIONS TO
CONSULTANT WITH RESPECT TO ANY INFORMATION DISCLOSED OR PROVIDED BY COMPANY AND DISCLAIMS ALL
IMPLIED WARRANTIES, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT AND
FITNESS FOR A PARTICULAR PURPOSE.

11. Indemnification. Consultant will hold Company and its officers, directors,
employees, agents and representatives harmless from liability resulting from Consultant’s
performance of the Services.

12. Miscellaneous.

(a) Amendments and Waivers. Any term of this Agreement may be amended or waived only
with the written consent of the parties.

 

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(b) Sole Agreement. This Agreement, including the Exhibits hereto, constitutes the
sole agreement of the parties and supersedes all oral negotiations and prior writings with respect
to the subject matter hereof.

(c) Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight
delivery service or confirmed facsimile, 48 hours after being deposited in the regular mail as
certified or registered mail (airmail if sent internationally) with postage prepaid, if such notice
is addressed to the party to be notified at such party’s address or facsimile number as set forth
below, or as subsequently modified by written notice.

(d) Choice of Law. The validity, interpretation, construction and performance of this
Agreement shall be governed by the laws of the State of California as applied to agreements among
California residents entered into and to be performed entirely within California.

(e) Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, the parties agree to renegotiate such provision in good faith.
In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of
this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of
this Agreement shall be enforceable in accordance with its terms.

(f) Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed an original, but all of which together will constitute one and the same instrument.

(g) Arbitration. Any dispute or claim arising out of or in connection with any
provision of this Agreement will be finally settled by binding arbitration in San Diego County,
California, in accordance with the rules of the American Arbitration Association by one arbitrator
appointed in accordance with said rules. The arbitrator shall apply California law, as applied to
agreements among California residents entered into and to be performed entirely within California,
to the resolution of any dispute. Judgment on the award rendered by the arbitrator may be entered
in any court having jurisdiction thereof. Notwithstanding the foregoing, the parties may apply to
any court of competent jurisdiction for preliminary or interim equitable relief, or to compel
arbitration in accordance with this paragraph, without breach of this arbitration provision.

 

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(h) Advice of Counsel. EACH PARTY ACKNOWLEDGES THAT, IN EXECUTING THIS AGREEMENT,
SUCH PARTY HAS HAD THE OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL, AND HAS READ
AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE
CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF.

(i) Assignment; Subcontracting. Consultant shall have no right to assign,
subcontract, transfer, or otherwise dispose of its rights under this Agreement or to assign the
burdens hereof without the prior written consent of the Company. Subject to the foregoing, this
Agreement shall inure to the benefit of and be binding upon each party’s successors and assigns.

[Signature Page Follows]

 

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The parties have executed this Consulting Agreement effective as of the date first set forth
above.

	 	 	 	 	 
	 	ADVENTRX PHARMACEUTICALS, INC.

 	 
	 	By:  	/s/ Patrick Keran
 	 
	 	 	Title: Vice President, Legal 	 

	 	 	 	 	 
	 

	 	 Address:
	 	6725 Mesa Ridge Road, Suite 100

San Diego, CA 92121

	 	 	 	 	 
	 	By:  	                                                     /s/ Eric K. Rowinsky
 	 
	 	 	Eric K. Rowinsky 	 

	 	 	 	 	 
	 

	 	Address:
	 	5 Robin Road

Warren, NJ 07059

 

 

 

EXHIBIT A

DESCRIPTION OF CONSULTING SERVICES

Consultant will:

	 	•	 	At the Company’s request, attend and participate in an in-person meeting at the U.S.
Food and Drug Administration with Company and FDA personnel regarding the Company’s
submitted new drug application for ANX-530, provided Consultant has been provided
sufficient time and materials to prepare for such meeting;
	 
	 	•	 	Respond to inquiries of the Company’s personnel regarding medical, clinical and related
matters, and such other matters related to the Company regarding which Consultant has
knowledge; and
	 
	 	•	 	Provide advice and assistance regarding special projects or any other matter consistent
with Consultant’s background, skills and experience.

 

 

 

EXHIBIT B

COMPENSATION

For Services rendered by Consultant under this Agreement, the Company shall pay Consultant at
the rate of $350.00 per hour, due within 30 days of receipt of an invoice reasonably acceptable to
the Company. Consultant will invoice the Company within 10 days of the end of each calendar month
for services provided during the preceding month. Unless otherwise agreed upon in writing by
Company, Company’s maximum liability for all Services performed during the term of this Agreement
shall not exceed $100,000.

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