Document:

Unassociated Document

    

      Employment
        Agreement

       

      Cornerstone
        Pharmaceuticals, Inc

       

      &
        

       

      Robert
        J. Rodriguez

       

      THIS
        EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of January
        22, 2007 (the “Effective Date”) by and between Cornerstone
        Pharmaceuticals, Inc., a
        New
        York corporation, with an office located at 1 Duncan Drive, Cranbury, NJ
        08512
        (the “Company”) and Robert J. Rodriguez, an
        individual with an address of 7 Banff Drive, Princeton Junction NJ 08550
        (“EMPLOYEE”).

       

      WHEREAS,
        the Company is in the business of researching,
        developing and commercializing unique, value-added, cancer chemotherapies
        for
        the most difficult to treat cancers
        (the
“Company's Business”); and

       

      WHEREAS,
        EMPLOYEE has had significant experience in the development and management
        of
        pharmaceutical and biotech companies; and

       

      WHEREAS,
        the Company desires to retain the services of EMPLOYEE; and

       

      WHEREAS,
        EMPLOYEE is willing to be employed by the Company.

       

        NOW,
        THEREFORE, in consideration of the mutual covenants contained herein, the
        parties agree as follows:

       

      EMPLOYEE
        is hereby employed and engaged to serve the Company as the President and
        Chief
        Operating Officer of the Company or such additional titles as the Company
        shall
        specify from time to time though no change is to be made to title and any
        related duties without the explicit written approval of the EMPLOYEE, and
        EMPLOYEE does hereby accept, and EMPLOYEE hereby agrees to such engagement
        and
        employment.

       

      1. Duties. 
        EMPLOYEE shall be responsible for interactions with domestic and world wide
        financial managers and investors in both the private and public markets to
        meet
        the company’s financing, growth and profit directed activities. To achieve these
        and all other defined objectives Employee shall assemble an experienced and
        effective success oriented senior management team that shall (i) participate
        in
        obtaining financing and managing budgets; (ii) support the Company’s mission
        directed strategic and tactical plan, including manufacturing, business
        development, marketing, sales, distribution and project management and; (iii)
        the establishment of corporate policy and culture; (iv) investor and public
        relations (IR/PR); and (v) compliance with US and appropriate Non-US regulatory
        agencies (financial and product related). Employee shall work closely with
        the
        Company’s CEO in defining and achieving all objectives. In addition, EMPLOYEE’s
        duties shall be such duties and responsibilities as the Company’s Board of
        Directors shall specify from time to time, and shall entail those duties
        customarily performed by the President and Chief Operating Officer of a
        similarly situated company.    EMPLOYEE shall diligently and
        faithfully execute and perform such duties and responsibilities, subject
        to the
        general supervision and control of the Company’s Board of Directors. EMPLOYEE
        shall be responsible and report only to the Company’s Board of Directors. In its
        sole and absolute discretion, the Company’s Board of Directors shall determine
        EMPLOYEE’s duties and responsibilities and may assign or reassign EMPLOYEE to
        such duties and responsibilities as it deems in the Company's best interest,
        to
        the extent such assignment or reassignment is commensurate with the duties
        customarily performed by the President and Chief Operating Officer of a
        similarly situated company.  EMPLOYEE shall devote his full-time attention,
        energy, and skill during normal business hours to the business and affairs
        of
        the Company and shall not, during the Employment Term, as that term is defined
        below, be actively engaged in any other business activity, except with the
        prior
        written consent of the Company’s Board of Directors. Notwithstanding
        anything to the contrary in this Agreement, EMPLOYEE is not precluded from
        devoting reasonable periods of time required for:

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

       

      (a) serving
        as a director or member of a committee of any organization or corporation,
        charity or governmental position involving no conflict of interest with the
        interests of the Company;

       

      (b) serving
        as a consultant in his area of expertise (in areas other than the FIELD as
        defined hereinafter), to government, industrial, and academic panels where
        it
        does not conflict with the interests of the Company. The Company has interests
        in the following areas: (i) lipid containing microbubbles (“LCM”) technology as
        a drug delivery vehicle for use in the treatment of cancer as defined in
        the
        confidential License Agreement between Cornerstone Ventures, LLC and
        Cavitation-Control Technologies, Inc. dated December 12, 2000; (ii) Emulsiphan
        nanoparticles and Emulsiphan nanoparticle based products; (iii) lipoic acid
        derivatives; (iv) polyethylene conjugated triazine derivatives; (v) products
        isolated from latex derived from the botanical Ficus carica; (vi) technologies
        used to treat and diagnose cancer licensed, acquired or otherwise developed
        by
        the Company’s employees and duly assigned to the Company (all within the
“FIELD”); and

       

      (c) managing
        his personal investments or engaging in any other non-competing business;
        provided that such activities do not materially interfere with the regular
        performance of his duties and responsibilities under this Agreement as
        determined by the Company. 

       

      2. Best
        Efforts of EMPLOYEE. 
        During his employment hereunder, EMPLOYEE shall, subject to the direction
        and
        supervision of the Company’s Board of Directors, devote his full business time,
        best efforts, business judgment, skill, and knowledge to the advancement
        of the
        Company's interests and to the discharge of his duties and responsibilities
        hereunder.  

       

      3. Employment
        Term.
        Unless
        terminated pursuant to Section 12 of this Agreement, the term of this Agreement
        shall commence as of the Effective Date of this Agreement and shall continue
        for
        a term of thirty six (36) months (the “Initial Term”), and shall be
        automatically renewed for successive two (2) year terms (the “Renewal Term”)
        unless a party hereto notifies the other that it does not wish to renew the
        Agreement at least 30 days prior to the expiration of the then current term
        (the
        terms “Initial Term” and “Renewal Term” are collectively hereinafter referred to
        as the “Employment Term”).

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      4. Compensation
        of EMPLOYEE.
        

       

      (a) Base
        Compensation. 
As
        compensation for the services provided by EMPLOYEE under this Agreement,
        the
        Company shall pay EMPLOYEE an annual salary of $ 168,000 (“Base
        Compensation”).  The Base Compensation shall be reviewed each year and may
        be increased in the sole discretion of the Company’s Board of Directors (or its
        Compensation Committee).  However, the Company shall review the Base
        Compensation six months from the effective date of this Agreement. The
        compensation of EMPLOYEE under this Section shall be paid in accordance with
        the
        Company's usual payroll procedures. EMPLOYEE is also eligible to receive
        a bonus
        per the discretion of the Company’s Board of Directors. 

       

      (b) Incentive
        Stock and Stock Options. 
        EMPLOYEE shall be eligible to receive shares of the Company’s authorized common
        stock and options to purchase shares of the Company’s authorized common stock in
        accordance with the terms of the 2005 Cornerstone Pharmaceuticals, Inc.
        Incentive Stock Plan.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      5.  Benefits. 
        EMPLOYEE
        shall be entitled to participate in any and all Company benefit plans, from
        time
        to time, in effect for employees of the Company.  Such participation shall
        be subject to the terms of the applicable plan documents and generally
        applicable Company policies.

       

      6. Vacation,
        Sick Leave and Holidays. 
        EMPLOYEE shall be entitled to four (4) weeks of paid vacation, with such
        vacation to be scheduled and taken in accordance with the Company's standard
        vacation policies. In addition, EMPLOYEE shall be entitled to such sick leave
        and holidays at full pay in accordance with the Company's policies established
        and in effect from time to time. 

       

      7. Business
        Expenses. 
        The Company shall reimburse EMPLOYEE for all reasonable out-of-pocket business
        expenses incurred in performing EMPLOYEE’s duties and responsibilities hereunder
        in accordance with the Company's policies, provided EMPLOYEE promptly furnishes
        to the Company adequate records of each such business expense.

      8. Location
        of EMPLOYEE's Activities. 
        EMPLOYEE’s principal place of business in the performance of his duties and
        obligations under this Agreement shall be at a place to be determined by
        the
        Board of Directors within the Central New Jersey area.  Notwithstanding the
        preceding sentence, EMPLOYEE will engage in such travel and spend such time
        in
        other places as may be necessary or appropriate in furtherance of his duties
        hereunder.

       

      9. Confidentiality. 
        EMPLOYEE recognizes that the Company has and will have business affairs,
        products, future plans, trade secrets, customer lists, and other vital,
        non-publicly disclosed information (collectively "Confidential Information")
        that are valuable assets of the Company.  EMPLOYEE agrees that he shall not
        at any time or in any manner, either directly or indirectly, divulge, disclose,
        communicate, or use in any manner (except in performance of his services
        to the
        Company pursuant to the terms of this Agreement) any Confidential Information
        to
        any third party without the prior written consent of the Company’s Board of
        Directors.  EMPLOYEE will protect the Confidential Information
        and treat it as strictly confidential. 

       

      10.  Non-Competition. 
        EMPLOYEE acknowledges that he has gained, and will gain extensive knowledge
        in
        the business conducted by the Company and has had, and will have, extensive
        contacts with customers of the Company.  Accordingly, EMPLOYEE agrees that
        he shall not compete directly or indirectly with the Company in the FIELD,
        either during the Employment Term or during the twelve (12) month period
        immediately after the Employment Term. For the purposes of this Section 10,
        competing directly or indirectly with the Company shall mean engaging, directly
        or indirectly, as principal owner, officer, partner, consultant, advisor,
        or
        otherwise, either alone or in association with others, in the operation of
        any
        entity engaged in the FIELD. Other than in connection with a legal proceeding
        or
        a proceeding of a regulatory body, EMPLOYEE and Company shall not, for a five
        (5) year period after the Employment Term, make public statements in derogation
        of the other. 

       

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      11. Termination.  
        Notwithstanding any other provisions hereof to the contrary, EMPLOYEE’s
        employment hereunder shall terminate under the following
        circumstances:

       

      (a) Voluntary
        Termination by EMPLOYEE. 
        EMPLOYEE shall have the right to voluntarily terminate this Agreement and
        his
        employment hereunder at any time during the Employment Term. 

       

      (b) Termination
        by EMPLOYEE for GOOD REASON.
        EMPLOYEE
        shall have the right to terminate this Agreement upon 30 days notice to Company
        for Good Reason, which shall not be affected by the EMPLOYEE's incapacity
        due to
        physical or mental illness. The EMPLOYEE's continued employment shall not
        constitute consent to, or a waiver of rights with respect to, any circumstance
        constituting Good Reason hereunder though EMPLOYEE shall provide notice to
        the
        Company within 60 days of such material adverse change constituting GOOD
        REASON.
        GOOD REASON shall mean the occurrence, without the EMPLOYEE's express written
        consent, of any of the following circumstances unless, in the case of paragraphs
        (i) through (iv), such circumstances are fully corrected prior to the Date
        of
        Termination specified in the Notice of Termination given in respect thereof
        which shall be no less than twenty (20) days:

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

       

      (i) the
        assignment to the EMPLOYEE of any significant duties materially inconsistent
        with the EMPLOYEE's status as a senior executive officer of the Company or
        a
        materially adverse alteration in the nature or status of the EMPLOYEE's
        responsibilities;

       

      (ii) the
        relocation of the Company's principal executive offices to a location outside
        the Metropolitan New York or New Jersey area or the Company's requiring the
        EMPLOYEE to be based anywhere other than the Company's principal executive
        offices, excluding required travel on the Company's business to an extent
        materially consistent with the EMPLOYEE's present business travel obligations;
        

       

      (iii) the
        act
        by the Company, without the EMPLOYEE's consent, to reduce by more than 10%
        any
        portion of the EMPLOYEE's current compensation except pursuant to an
        across-the-board compensation deferral similarly affecting all senior executives
        of the Company and all senior executives of any person in control of the
        Company, or failure to pay to the EMPLOYEE any portion of an installment
        of
        deferred compensation under any deferred compensation program of the Company,
        within seven (7) days of the date such compensation is due; 

       

      (iv) the
        material breach by the Company of any term of this Agreement.

       

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (c) Voluntary
        Termination by the Company.  The
        Company shall have the right to voluntarily terminate this Agreement and
        EMPLOYEE’s employment hereunder at any time during the Employment
        Term.

       

      (d) Termination
        for Cause. 
        The Company shall have the right to terminate this Agreement and EMPLOYEE’s
        employment hereunder at any time for cause. As used in this Agreement, "cause"
        shall mean refusal by EMPLOYEE to implement or adhere to lawful policies
        or
        directives of the Company’s Board of Directors in accordance with the terms and
        conditions of this Agreement, breach of this Agreement, EMPLOYEE’s conviction of
        a felony, other conduct of a criminal nature as determined by governmental
        authorities that may have a material adverse impact on the Company's reputation,
        breach of fiduciary duty or the criminal misappropriation by EMPLOYEE of
        funds
        from or resources of the Company. Cause shall not be deemed to exist unless
        the
        Company shall have first given EMPLOYEE a written notice thereof specifying
        in
        reasonable detail the facts and circumstances alleged to constitute "cause"
        and
        thirty (30) days after such notice such conduct has, or such circumstances
        have,
        as the case may be, not entirely ceased and not been entirely remedied to
        the
        reasonable satisfaction of the Company.

       

      (e) Termination
        Upon Death or for Disability. 
        This Agreement and EMPLOYEE’s employment hereunder, shall automatically
        terminate upon EMPLOYEE’s death or upon written notice to EMPLOYEE and
        certification of EMPLOYEE’s disability by a qualified physician or a panel of
        qualified physicians if EMPLOYEE will be disabled continuously beyond a period
        of twelve (12) months and will be unable to perform the duties contained
        in this
        Agreement. 

       

      (f) Effect
        of Termination.
        In the
        event that this Agreement and EMPLOYEE’s employment is voluntarily terminated by
        EMPLOYEE pursuant to Section 11(a), or in the event the Company terminates
        this
        Agreement for cause pursuant to Section 11 (d), all obligations of the Company
        shall cease except for the obligations of both parties under Section 17.
        In the
        event that this Agreement and EMPLOYEE’s employment is terminated under Sections
        11(a) through 11(e) all duties, responsibilities and obligations of EMPLOYEE
        under this Agreement shall cease except for the restrictions and/or obligations
        of Sections 9, 10, 11 and 17. 

       

      (i) Upon
        termination pursuant to Sections 11(b), Termination by EMPLOYEE for GOOD
        REASON
        or 11(c), Voluntary Termination by the Company, the EMPLOYEE
        shall
        receive all accrued Base Compensation through the date of termination plus
        all
        accrued vacation pay and bonuses, if any, plus twelve (12) months of the
        annualized salary based on the EMPLOYEE’s
        Base
        Compensation including benefits such as health and other insurance benefits
        made
        available to Company employees or made available to the company by its
        professional employer organization for terminated employees as the case may
        be
        (provided
        that the
        EMPLOYEE shall not be entitled to any benefits under this Section 11 (f)(i)
        while the EMPLOYEE is a full-time employee of any other company providing
        reasonably similar benefits) as severance compensation.  In the event the
        termination under Section 11(b) or (c), occurs within in twelve (12) months
        of a
        Change of Control (which shall mean any merger, consolidation, sale of assets
        or
        other similar transaction or series of transactions involving the Company,
        which
        excludes any transaction or transactions following which the Company or its
        stockholders continue to own a majority of the combined voting power of the
        outstanding securities of the corporation or other entity surviving or
        succeeding to the business of the Company, then the severance compensation
        shall
        be increased to eighteen (18) months of Employee’s Base Compensation. 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (ii) In
        the event this Agreement is terminated upon the death or disability of EMPLOYEE
        pursuant to Section 11(e), EMPLOYEE shall be entitled to all compensation
        and
        benefits pursuant to this Agreement for the period between the effective
        termination date to the end of the Employment Term (up to a maximum of twelve
        (12) months pay) pursuant to Section 4. Payment will be made to EMPLOYEE
        or
        EMPLOYEE’s appointed trustee. 

       

      Notwithstanding
        anything to the contrary in this Agreement, under no circumstance shall the
        manner of termination of EMPLOYEE’s employment under this Agreement or the
        termination of this Agreement or any other term of this Agreement affect
        the
        obligations of the Company under any royalty obligations as they may accrue.
        

       

      12. Resignation. 
        In the event that EMPLOYEE’s employment with the Company is terminated for any
        reason whatsoever, EMPLOYEE agrees to immediately resign as an officer of
        the
        Company and any related entities. For the purposes of this Section 12, the
        term
        the "Company" shall be deemed to include subsidiaries, parents, and affiliates
        of the Company. 

       

      13. No
        Mitigation.
        The
        Company agrees that, if the EMPLOYEE's employment is terminated during the
        term
        of this Agreement, the EMPLOYEE is not required to seek other employment
        or to
        attempt in any way to reduce any amounts payable and benefits due to the
        EMPLOYEE by the Company under this Agreement. However, benefits payable by
        the
        Company on behalf of the EMPLOYEE shall be replaced by the benefit plan earned
        by the EMPLOYEE if EMPLOYEE has accepted a full time employment with another
        company.

       

      14. Governing
        Law, Jurisdiction and Venue. 
        This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of Incorporation of the Company without giving effect to any applicable
        conflicts of law provisions.

       

      15. Business
        Opportunities. 
        During
        the Employment Term EMPLOYEE agrees to bring to the attention of the Company’s
        Board of Directors all written business proposals that come to EMPLOYEE’s
        attention and all business or investment opportunities of whatever nature
        that
        are created or devised by EMPLOYEE and that relate to areas in which the
        Company
        conducts business and might reasonably be expected to be of interest to the
        Company or any of its subsidiaries.

       

      16. Employee’s
        Representations and Warranties.
        EMPLOYEE
        hereby represents and warrants that he is not under any contractual obligation
        to any other company, entity or individual that would prohibit or impede
        EMPLOYEE from performing his duties and responsibilities under this Agreement
        and that he is free to enter into and perform the duties and responsibilities
        required by this Agreement. EMPLOYEE hereby agrees to indemnify and hold
        the
        Company and its officers, directors, employees, shareholders and agents harmless
        in connection with the representations and warranties made by EMPLOYEE in
        this
        Section 16.

       

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      17. Indemnification.

       

      (a) The
        Company agrees that if EMPLOYEE is made a party, or is at any time threatened
        to
        be made a party, to any action, suit or proceeding, whether civil, criminal,
        administrative or investigative (a  "Proceeding"), by reason of the fact
        that he is or was a director, officer or employee of the Company or is or
        was
        serving at the request of the Company as a director, officer, member, employee
        or agent of another corporation, partnership, joint venture, trust or other
        enterprise, including service with respect to employee benefit plans, whether
        or
        not the basis of such Proceeding is EMPLOYEE’s alleged action in an official
        capacity while serving as a director, officer, member, employee or agent,
        EMPLOYEE shall be indemnified and held harmless by the Company to the fullest
        extent permitted or authorized by the Company's certificate of incorporation
        or
        bylaws or, if greater, by the laws of the State of New York or the Company’s
        State of Incorporation (whichever is broader), against all cost, expense,
        liability and loss (including, without limitation, attorney's fees, judgments,
        fines, ERISA excise taxes or penalties and amounts paid or to be paid in
        settlement) reasonably incurred or suffered by EMPLOYEE in connection therewith,
        and such indemnification shall continue as to EMPLOYEE even if he has ceased
        to
        be a director, member, employee or agent of the Company or other entity and
        shall inure to the benefit of EMPLOYEE’s heirs, executors and
        administrators.  The Company shall advance to EMPLOYEE or to his heirs,
        executors and administrators to the extent permitted by law all reasonable
        costs
        and expenses which may be reasonably incurred by him in connection with a
        Proceeding within 20 days after receipt by the Company of a written request,
        with appropriate documentation, for such advance.  Such request shall
        include an undertaking by EMPLOYEE or  EMPLOYEE’s heirs, executors and
        administrators to repay the amount of such advance if it shall ultimately
        be
        determined that EMPLOYEE or his heirs, executors and administrators  is not
        entitled to be indemnified against such costs and expenses.

       

      (b) Neither
        the failure of the Company (including its Board of Directors, independent
        legal
        counsel or stockholders) to have made a determination prior to the commencement
        of any proceeding concerning payment of amounts claimed by EMPLOYEE that
        indemnification of EMPLOYEE is proper because he has met the applicable standard
        of conduct, nor a determination by the Company (including its board of
        directors, independent legal counsel or stockholders) that EMPLOYEE has not
        met
        such applicable standard of conduct, shall create a presumption that EMPLOYEE
        has not met the applicable standard of conduct.

       

      (c) The
        Company agrees to continue and maintain appropriate directors' and officers'
        liability insurance policy covering EMPLOYEE to the extent the Company provides
        such coverage for its other executive officers.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (d) Promptly
        after receipt by EMPLOYEE of notice of any claim or the commencement of any
        action or proceeding with respect to which EMPLOYEE is entitled to indemnity
        hereunder, EMPLOYEE shall notify the Company in writing of such claim or
        the
        commencement of such action or proceeding, and the Company shall (i) assume
        the
        defense of such action or proceeding, (ii) employ counsel reasonably
        satisfactory to EMPLOYEE, and (iii) pay the reasonable fees and expenses
        of such
        counsel.  Notwithstanding the preceding sentence, EMPLOYEE shall be
        entitled to employ counsel separate from counsel for the Company and from
        any
        other party in such action if EMPLOYEE reasonably determines that a conflict
        of
        interest exists which makes representation by counsel chosen by the Company
        not
        advisable.  In such event, the reasonable fees and disbursements of such
        separate counsel for EMPLOYEE shall be paid by the Company to the extent
        permitted by law.

       

      (e) After
        the
        termination of this Agreement and upon the request of EMPLOYEE, the Company
        agrees to reimburse EMPLOYEE for all reasonable travel, legal and other
        out-of-pocket expenses related to assisting the Company to prepare for or
        defend
        against any action, suit, proceeding or claim brought or threatened to be
        brought against the Company or to prepare for or institute any action, suit,
        proceeding or claim to be brought or threatened to be brought against a third
        party arising out of or based upon the transactions contemplated herein and
        in
        providing evidence, producing documents or otherwise participating in any
        such
        action, suit, proceeding or claim.  In the event EMPLOYEE is required to
        appear after termination of this Agreement at a judicial or regulatory hearing
        in connection with EMPLOYEE's employment hereunder, or EMPLOYEE's role in
        connection therewith, the Company agrees to pay EMPLOYEE a reasonable sum,
        to be
        mutually agreed upon by EMPLOYEE and the Company, per diem for each day of
        his
        appearance and each day of preparation therefor.

       

      18. Notices. 
        All demands, notices, and other communications to be given hereunder, if
        any,
        shall be in writing and shall be sufficient for all purposes if personally
        delivered, sent by facsimile or sent by United States mail to the address
        below
        or such other address or addresses as such party may hereafter designate
        in
        writing to the other party as herein provided.

       

      
        	
                Company: 

              	
                EMPLOYEE:

              
	 	 
	
                Cornerstone
                  Pharmaceuticals, Inc. 

              	
                Robert
                  J. Rodriguez

              
	
                Attn:
                  General Counsel

              	
                7
                  Banff Dr.

              
	
                1
                  Duncan Dr.

              	
                Princeton
                  Jct., NJ 08550

              
	
                Cranbury,
                  NJ 08512

              	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      19. Entire
        Agreement. 
        This Agreement contains the entire agreement of the parties with respect
        to the
        specific terms of this employment of the EMPLOYEE by the Company and there
        are
        no other promises or conditions in any other agreement, whether oral or
        written.  This Agreement supersedes any prior written or oral agreements
        between the parties. This Agreement may be modified or amended, if the amendment
        is made in writing and is signed by both parties. This Agreement is for the
        unique personal services of EMPLOYEE and is not assignable or delegable,
        in
        whole or in part, by EMPLOYEE. This Agreement may be assigned or delegated,
        in
        whole or in part, by the Company and, in such case, shall be assumed by and
        become binding upon the person, firm, company, corporation or business
        organization or entity to which this Agreement is assigned. The headings
        contained in this Agreement are for reference only and shall not in any way
        affect the meaning or interpretation of this Agreement. If any provision
        of this
        Agreement shall be held to be invalid or unenforceable for any reason, the
        remaining provisions shall continue to be valid and enforceable and any such
        provision that is held to be invalid or unenforceable shall be substituted
        by a
        valid or enforceable provision that is as similar in its intent as to the
        invalid or unenforceable provision. The failure of either party to enforce
        any
        provision of this Agreement shall not be construed as a waiver or limitation
        of
        that party's right to subsequently enforce and compel strict compliance with
        every provision of this Agreement. This Agreement may be executed in two
        or more
        counterparts, each of which shall be deemed an original, but all of which
        together shall constitute one and the same instrument and, in pleading or
        proving any provision of this Agreement, it shall not be necessary to produce
        more than one of such counterparts.  

       

      [Intentionally
        left blank - signatures on following page]

       

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

       

      
        	
                CORNERSTONE
                  PHARMACEUTICALS, INC.:

              	
                 

              	
                EMPLOYEE:

              
	
                 

              	 	 	 
	
                By:

              	
                /s/
                  Robert Shorr

              	 	
                /s/
                  Robert J. Rodriguez

              
	
                Name:

              	
                Robert
                  Shorr

              	
                 

              	
                Robert
                  J. Rodriguez

              
	
                Title:Employment
      Agreement

    Cornerstone
      Pharmaceuticals, Inc

     

    &
      

     

    David
      Polinsky

     

    THIS
      EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of January
      22, 2007 (the “Effective Date”) by and between Cornerstone
      Pharmaceuticals, Inc., a
      New
      York corporation, with an office located at 1 Duncan Drive, Cranbury, NJ 08512
      (the “Company”) and David Polinsky, an
      individual with an address of 94 Glenwood Road, Englewood NJ 07631
      (“EMPLOYEE”).

     

    WHEREAS,
      the Company is in the business of researching,
      developing and commercializing unique, value-added, cancer chemotherapies for
      the most difficult to treat cancers
      (the
“Company's Business”); and

     

    WHEREAS,
      EMPLOYEE has significant experience in management of companies; and

     

    WHEREAS,
      the Company desires to retain the services of EMPLOYEE; and

     

    WHEREAS,
      EMPLOYEE is willing to be employed by the Company.

     

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein, the
      parties agree as follows:

     

    EMPLOYEE
      is hereby employed and engaged to serve the Company as Vice President, General
      Counsel and Secretary or such additional titles as the Company shall specify
      from time to time though no change is to be made to title and any related duties
      without the explicit written approval of the EMPLOYEE, and EMPLOYEE does hereby
      accept, and EMPLOYEE hereby agrees to such engagement and
      employment.

     

    1.  Duties. 
      EMPLOYEE shall direct all aspects of an organization's legal affairs and provide
      legal expertise to other departments where and as needed. Employee shall work
      closely with the Company’s President and/or Chief executive Officer in defining
      and achieving all objectives. In addition, EMPLOYEE’s duties shall be such
      duties and responsibilities as the Company’s Board of Directors shall specify
      from time to time, and shall entail those duties customarily performed by the
      General Counsel of a similarly situated company.    EMPLOYEE
      shall diligently and faithfully execute and perform such duties and
      responsibilities, subject to the general supervision and control of the
      Company’s Board of Directors. EMPLOYEE shall be responsible and report only to
      the Company’s Board of Directors. In its sole and absolute discretion, the
      Company’s Board of Directors shall determine EMPLOYEE’s duties and
      responsibilities and may assign or reassign EMPLOYEE to such duties and
      responsibilities as it deems in the Company's best interest, to the extent
      such
      assignment or reassignment is commensurate with the duties customarily performed
      by the General Counsel of a similarly situated company.  EMPLOYEE shall
      devote his full-time attention, energy, and skill during normal business hours
      to the business and affairs of the Company and shall not, during the Employment
      Term, as that term is defined below, be actively engaged in any other business
      activity, except with the prior written consent of the Company’s Board of
      Directors. Notwithstanding
      anything to the contrary in this Agreement, EMPLOYEE is not precluded from
      devoting reasonable periods of time required for:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (a)  serving
      as a director or member of a committee of any organization or corporation,
      charity or governmental position involving no conflict of interest with the
      interests of the Company;

     

    (b)  serving
      as a consultant in his area of expertise (in areas other than in connection
      with
      the FIELD, as hereinafter defined), to government, industrial, and academic
      panels where it does not conflict with the interests of the Company. The Company
      has interests in the following areas: (i) lipid containing microbubbles (“LCM”)
      technology as a drug delivery vehicle for use in the treatment of cancer as
      defined in the confidential License Agreement between Cornerstone Ventures,
      LLC
      and Cavitation-Control Technologies, Inc. dated December 12, 2000; (ii)
      Emulsiphan nanoparticles and EmulsiphanTM
      nanoparticle based products; (iii) lipoic acid derivatives; (iv) polyethylene
      conjugated triazine derivatives; (v) products isolated from latex derived from
      the botanical Ficus carica; (vi) technologies used to treat and diagnose cancer
      licensed, acquired or otherwise developed by the Company’s employees and duly
      assigned to the Company ( all within the “FIELD”); and

     

    (c)  managing
      his personal investments or engaging in any other non-competing business;
      provided that such activities do not materially interfere with the regular
      performance of his duties and responsibilities under this Agreement as
      determined by the Company. 

     

    2.  Best
      Efforts of EMPLOYEE. 
      During his employment hereunder, EMPLOYEE shall, subject to the direction and
      supervision of the Company’s Board of Directors, devote his full business time,
      best efforts, business judgment, skill, and knowledge to the advancement of
      the
      Company's interests and to the discharge of his duties and responsibilities
      hereunder.  

     

    3.  Employment
      Term.
      Unless
      terminated pursuant to Section 12 of this Agreement, the term of this Agreement
      shall commence as of the Effective Date of this Agreement and shall continue
      for
      a term of thirty six (36) months (the “Initial Term”), and shall be
      automatically renewed for successive two (2) year terms (the “Renewal Term”)
      unless a party hereto notifies the other that it does not wish to renew the
      Agreement at least 30 days prior to the expiration of the then current term
      (the
      terms “Initial Term” and “Renewal Term” are collectively hereinafter referred to
      as the “Employment Term”).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.  Compensation
      of EMPLOYEE.
      

     

    (a)  Base
      Compensation. 
As
      compensation for the services provided by EMPLOYEE under this Agreement, the
      Company shall pay EMPLOYEE an annual salary of $ 96,000 (the “Base
      Compensation”).  The Base Compensation shall be reviewed each year and may
      be increased in the sole discretion of the Company’s Board of Directors (or its
      Compensation Committee).  However, the Company shall review the Base
      Compensation six months from the effective date of this Agreement. The
      compensation of EMPLOYEE under this Section shall be paid in accordance with
      the
      Company's usual payroll procedures. EMPLOYEE is also eligible to receive a
      bonus
      per the discretion of the Company’s Board of Directors. 

     

    (b)  Incentive
      Stock and Stock Options. 
      EMPLOYEE shall be eligible to receive shares of the Company’s authorized common
      stock and options to purchase shares of the Company’s authorized common stock in
      accordance with the terms of the 2005 Cornerstone Pharmaceuticals, Inc.,
      Incentive Stock Plan.

     

    5.   Benefits. 
      EMPLOYEE shall be entitled to participate in any and all Company benefit plans,
      from time to time, in effect for employees of the Company.  Such
      participation shall be subject to the terms of the applicable plan documents
      and
      generally applicable Company policies.

     

    6.  Vacation,
      Sick Leave and Holidays. 
      EMPLOYEE shall be entitled to four (4) weeks of paid vacation, with such
      vacation to be scheduled and taken in accordance with the Company's standard
      vacation policies. In addition, EMPLOYEE shall be entitled to such sick leave
      and holidays at full pay in accordance with the Company's policies established
      and in effect from time to time. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    7.  Business
      Expenses. 
      The Company shall reimburse EMPLOYEE for all reasonable out-of-pocket business
      expenses incurred in performing EMPLOYEE’s duties and responsibilities hereunder
      in accordance with the Company's policies, provided EMPLOYEE promptly furnishes
      to the Company adequate records of each such business expense.

     

    8.  Location
      of EMPLOYEE's Activities. 
      EMPLOYEE’s principal place of business in the performance of his duties and
      obligations under this Agreement shall be at a place to be determined by the
      Board of Directors within the Central New Jersey area.  Notwithstanding the
      preceding sentence, EMPLOYEE will engage in such travel and spend such time
      in
      other places as may be necessary or appropriate in furtherance of his duties
      hereunder.

     

    9.  Confidentiality. 
      EMPLOYEE recognizes that the Company has and will have business affairs,
      products, future plans, trade secrets, customer lists, and other vital,
      non-publicly disclosed information (collectively "Confidential Information")
      that are valuable assets of the Company.  EMPLOYEE agrees that he shall not
      at any time or in any manner, either directly or indirectly, divulge, disclose,
      communicate, or use in any manner (except in performance of his services to
      the
      Company pursuant to the terms of this Agreement) any Confidential Information
      to
      any third party without the prior written consent of the Company’s Board of
      Directors.  EMPLOYEE will protect the Confidential Information
      and treat it as strictly confidential. 

     

    10.   Non-Competition. 
      EMPLOYEE acknowledges that he has gained, and will gain extensive knowledge
      in
      the business conducted by the Company and has had, and will have, extensive
      contacts with customers of the Company.  Accordingly, EMPLOYEE agrees that
      he shall not compete directly or indirectly with the Company in the FIELD,
      either during the Employment Term or during the twelve (12) month period
      immediately after the Employment Term. For the purposes of this Section 11,
      competing directly or indirectly with the Company shall mean engaging, directly
      or indirectly, as principal owner, officer, partner, consultant, advisor, or
      otherwise, either alone or in association with others, in the operation of
      any
      entity engaged in the FIELD. Other than in connection with a legal proceeding
      or
      a proceeding of a regulatory body EMPLOYEE and Company shall not, for a five
      (5)
      year period after the Employment Term, make public statements in derogation
      of
      the other.

     

    11.  Termination.  
      Notwithstanding any other provisions hereof to the contrary, EMPLOYEE’s
      employment hereunder shall terminate under the following
      circumstances:

     

    (a)  Voluntary
      Termination by EMPLOYEE. 
      EMPLOYEE shall have the right to voluntarily terminate this Agreement and his
      employment hereunder at any time during the Employment Term. 

     

    (b)  Termination
      by EMPLOYEE for GOOD REASON.
      EMPLOYEE
      shall have the right to terminate this Agreement upon 30 days notice to Company
      for Good Reason, which shall not be affected by the EMPLOYEE's incapacity due
      to
      physical or mental illness. The EMPLOYEE's continued employment shall not
      constitute consent to, or a waiver of rights with respect to, any circumstance
      constituting Good Reason hereunder though EMPLOYEE shall provide notice to
      the
      Company within 60 days of such material adverse change constituting GOOD REASON.
      GOOD REASON shall mean the occurrence, without the EMPLOYEE's express written
      consent, of any of the following circumstances unless, in the case of paragraphs
      (i) through (iv), such circumstances are fully corrected prior to the Date
      of
      Termination specified in the Notice of Termination given in respect thereof
      which shall be no less than twenty (20) days:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (i)  the
      assignment to the EMPLOYEE of any significant duties materially inconsistent
      with the EMPLOYEE's status as a senior executive officer of the Company or
      a
      materially adverse alteration in the nature or status of the EMPLOYEE's
      responsibilities;

     

    (ii)  the
      relocation of the Company's principal executive offices to a location outside
      the Metropolitan New York or New Jersey area or the Company's requiring the
      EMPLOYEE to be based anywhere other than the Company's principal executive
      offices, excluding required travel on the Company's business to an extent
      materially consistent with the EMPLOYEE's present business travel obligations;
      

     

    (iii)  the
      act
      by the Company, without the EMPLOYEE's consent, to reduce by more than 10%
      any
      portion of the EMPLOYEE's current compensation except pursuant to an
      across-the-board compensation deferral similarly affecting all senior executives
      of the Company and all senior executives of any person in control of the
      Company, or failure to pay to the EMPLOYEE any portion of an installment of
      deferred compensation under any deferred compensation program of the Company,
      within seven (7) days of the date such compensation is due; 

     

    (iv)  the
      material breach by the Company of any term of this Agreement.

     

    (c)  Voluntary
      Termination by the Company.  The
      Company shall have the right to voluntarily terminate this Agreement and
      EMPLOYEE’s employment hereunder at any time during the Employment
      Term.

     

    (d)  Termination
      for Cause. 
      The Company shall have the right to terminate this Agreement and EMPLOYEE’s
      employment hereunder at any time for cause. As used in this Agreement, "cause"
      shall mean refusal by EMPLOYEE to implement or adhere to lawful policies or
      directives of the Company’s Board of Directors in accordance with the terms and
      conditions of this Agreement, breach of this Agreement, EMPLOYEE’s conviction of
      a felony, other conduct of a criminal nature as determined by governmental
      authorities that may have a material adverse impact on the Company's reputation,
      breach of fiduciary duty or the criminal misappropriation by EMPLOYEE of funds
      from or resources of the Company. Cause shall not be deemed to exist unless
      the
      Company shall have first given EMPLOYEE a written notice thereof specifying
      in
      reasonable detail the facts and circumstances alleged to constitute "cause"
      and
      thirty (30) days after such notice such conduct has, or such circumstances
      have,
      as the case may be, not entirely ceased and not been entirely remedied to the
      reasonable satisfaction of the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (e)  Termination
      Upon Death or for Disability. 
      This Agreement and EMPLOYEE’s employment hereunder, shall automatically
      terminate upon EMPLOYEE’s death or upon written notice to EMPLOYEE and
      certification of EMPLOYEE’s disability by a qualified physician or a panel of
      qualified physicians if EMPLOYEE will be disabled continuously beyond a period
      of twelve (12) months and will be unable to perform the duties contained in
      this
      Agreement. 

     

    (f)  Effect
      of Termination.
      In the
      event that this Agreement and EMPLOYEE’s employment is voluntarily terminated by
      EMPLOYEE pursuant to Section 11(a), or in the event the Company terminates
      this
      Agreement for cause pursuant to Section 11 (d), all obligations of the Company
      shall cease except for the obligations of both parties under Section 17. In
      the
      event that this Agreement and EMPLOYEE’s employment is terminated under Sections
      11(a) through 11(e) all duties, responsibilities and obligations of EMPLOYEE
      under this Agreement shall cease except for the restrictions and/or obligations
      of Sections 9, 10 and 17. 

     

    (i)  Upon
      termination pursuant to Sections 11(b), Termination by EMPLOYEE for GOOD REASON
      or 11(c), Voluntary Termination by the Company, the EMPLOYEE
      shall
      receive all accrued Base Compensation through the date of termination plus
      all
      accrued vacation pay and bonuses, if any, plus twelve (12) months of the
      annualized salary based on the EMPLOYEE’s
      Base
      Compensation including benefits such as health and other insurance benefits
      made
      available to Company employees or made available to the company by its
      professional employer organization for terminated employees as the case may
      be
      (provided
      that the
      EMPLOYEE shall not be entitled to any benefits under this Section 11 (f)(i)
      while the EMPLOYEE is a full-time employee of any other company providing
      reasonably similar benefits) as severance compensation.  In the event the
      termination under Section 11, occurs within in twelve (12) months of a Change
      of
      Control (which shall mean any merger, consolidation, sale of assets or other
      similar transaction or series of transactions involving the Company, which
      excludes any transaction or transactions following which the Company or its
      stockholders continue to own a majority of the combined voting power of the
      outstanding securities of the corporation or other entity surviving or
      succeeding to the business of the Company, then the severance compensation
      shall
      be increased to eighteen (18) months of Employee’s Base Compensation. 

     

    (ii)  In
      the
      event this Agreement is terminated upon the death or disability of EMPLOYEE
      pursuant to Section 11(e), EMPLOYEE shall be entitled to all compensation and
      benefits pursuant to this Agreement for the period between the effective
      termination date to the end of the Employment Term (up to a maximum of twelve
      (12) months pay) pursuant to Section 4. Payment will be made to EMPLOYEE or
      EMPLOYEE’s appointed trustee. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    12.  Resignation. 
      In the event that EMPLOYEE’s employment with the Company is terminated for any
      reason whatsoever, EMPLOYEE agrees to immediately resign as an officer of the
      Company and any related entities. For the purposes of this Section 12, the
      term
      the "Company" shall be deemed to include subsidiaries, parents, and affiliates
      of the Company. 

     

    13.  No
      Mitigation.
      The
      Company agrees that, if the EMPLOYEE's employment is terminated during the
      term
      of this Agreement, the EMPLOYEE is not required to seek other employment or
      to
      attempt in any way to reduce any amounts payable and benefits due to the
      EMPLOYEE by the Company under this Agreement. However benefits payable by the
      Company on behalf of the EMPLOYEE shall be replaced by the benefit plan earned
      by the EMPLOYEE if EMPLOYEE has accepted a full time employment with another
      company.

     

    14.  Governing
      Law, Jurisdiction and Venue. 
      This Agreement shall be governed by and construed in accordance with the laws
      of
      the State of Incorporation of the Company without giving effect to any
      applicable conflicts of law provisions.

     

    15.  Business
      Opportunities. 
      During the Employment Term EMPLOYEE agrees to bring to the attention of the
      Company’s Board of Directors all written business proposals that come to
      EMPLOYEE’s attention and all business or investment opportunities of whatever
      nature that are created or devised by EMPLOYEE and that relate to areas in
      which
      the Company conducts business and might reasonably be expected to be of interest
      to the Company or any of its subsidiaries.

     

    16.  Employee’s
      Representations and Warranties.
      EMPLOYEE
      hereby represents and warrants that he is not under any contractual obligation
      to any other company, entity or individual that would prohibit or impede
      EMPLOYEE from performing his duties and responsibilities under this Agreement
      and that he is free to enter into and perform the duties and responsibilities
      required by this Agreement. EMPLOYEE hereby agrees to indemnify and hold the
      Company and its officers, directors, employees, shareholders and agents harmless
      in connection with the representations and warranties made by EMPLOYEE in this
      Section 16.

     

    17.  Indemnification.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (a)  The
      Company agrees that if EMPLOYEE is made a party, or is at any time threatened
      to
      be made a party, to any action, suit or proceeding, whether civil, criminal,
      administrative or investigative (a  "Proceeding"), by reason of the fact
      that he is or was a director, officer or employee of the Company or is or was
      serving at the request of the Company as a director, officer, member, employee
      or agent of another corporation, partnership, joint venture, trust or other
      enterprise, including service with respect to employee benefit plans, whether
      or
      not the basis of such Proceeding is EMPLOYEE’s alleged action in an official
      capacity while serving as a director, officer, member, employee or agent,
      EMPLOYEE shall be indemnified and held harmless by the Company to the fullest
      extent permitted or authorized by the Company's certificate of incorporation
      or
      bylaws or, if greater, by the laws of the State of New York or the Company’s
      State of Incorporation (whichever is broader), against all cost, expense,
      liability and loss (including, without limitation, attorney's fees, judgments,
      fines, ERISA excise taxes or penalties and amounts paid or to be paid in
      settlement) reasonably incurred or suffered by EMPLOYEE in connection therewith,
      and such indemnification shall continue as to EMPLOYEE even if he has ceased
      to
      be a director, member, employee or agent of the Company or other entity and
      shall inure to the benefit of EMPLOYEE’s heirs, executors and
      administrators.  The Company shall advance to EMPLOYEE or to his heirs,
      executors and administrators to the extent permitted by law all reasonable
      costs
      and expenses which may be reasonably incurred by him in connection with a
      Proceeding within 20 days after receipt by the Company of a written request,
      with appropriate documentation, for such advance.  Such request shall
      include an undertaking by EMPLOYEE or  EMPLOYEE’s heirs, executors and
      administrators to repay the amount of such advance if it shall ultimately be
      determined that EMPLOYEE or his heirs, executors and administrators  is not
      entitled to be indemnified against such costs and expenses.

     

    (b)  Neither
      the failure of the Company (including its Board of Directors, independent legal
      counsel or stockholders) to have made a determination prior to the commencement
      of any proceeding concerning payment of amounts claimed by EMPLOYEE that
      indemnification of EMPLOYEE is proper because he has met the applicable standard
      of conduct, nor a determination by the Company (including its board of
      directors, independent legal counsel or stockholders) that EMPLOYEE has not
      met
      such applicable standard of conduct, shall create a presumption that EMPLOYEE
      has not met the applicable standard of conduct.

     

    (c)  The
      Company agrees to continue and maintain appropriate directors' and officers'
      liability insurance policy covering EMPLOYEE to the extent the Company provides
      such coverage for its other executive officers.

     

    (d)  Promptly
      after receipt by EMPLOYEE of notice of any claim or the commencement of any
      action or proceeding with respect to which EMPLOYEE is entitled to indemnity
      hereunder, EMPLOYEE shall notify the Company in writing of such claim or the
      commencement of such action or proceeding, and the Company shall (i) assume
      the
      defense of such action or proceeding, (ii) employ counsel reasonably
      satisfactory to EMPLOYEE, and (iii) pay the reasonable fees and expenses of
      such
      counsel.  Notwithstanding the preceding sentence, EMPLOYEE shall be
      entitled to employ counsel separate from counsel for the Company and from any
      other party in such action if EMPLOYEE reasonably determines that a conflict
      of
      interest exists which makes representation by counsel chosen by the Company
      not
      advisable.  In such event, the reasonable fees and disbursements of such
      separate counsel for EMPLOYEE shall be paid by the Company to the extent
      permitted by law.

     

    (e)  After
      the
      termination of this Agreement and upon the request of EMPLOYEE, the Company
      agrees to reimburse EMPLOYEE for all reasonable travel, legal and other
      out-of-pocket expenses related to assisting the Company to prepare for or defend
      against any action, suit, proceeding or claim brought or threatened to be
      brought against the Company or to prepare for or institute any action, suit,
      proceeding or claim to be brought or threatened to be brought against a third
      party arising out of or based upon the transactions contemplated herein and
      in
      providing evidence, producing documents or otherwise participating in any such
      action, suit, proceeding or claim.  In the event EMPLOYEE is required to
      appear after termination of this Agreement at a judicial or regulatory hearing
      in connection with EMPLOYEE's employment hereunder, or EMPLOYEE's role in
      connection therewith, the Company agrees to pay EMPLOYEE a reasonable sum,
      to be
      mutually agreed upon by EMPLOYEE and the Company, per diem for each day of
      his
      appearance and each day of preparation therefor.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    18.  Notices. 
      All demands, notices, and other communications to be given hereunder, if any,
      shall be in writing and shall be sufficient for all purposes if personally
      delivered, sent by facsimile or sent by United States mail to the address below
      or such other address or addresses as such party may hereafter designate in
      writing to the other party as herein provided.

     

    
      	
              Company:

              Cornerstone
                Pharmaceuticals, Inc.

              Attn:
                General Counsel

              1
                Duncan Dr.

              Cranbury,
                NJ 08512

            	
              EMPLOYEE:

              David Polinsky

              94 Glenwood Road

              Englewood, NJ
                07631

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    19.  Entire
      Agreement.  This Agreement contains the entire agreement of the parties
with
      respect to the specific terms of this employment of the EMPLOYEE by the Company
      and there are no other promises or conditions in any other agreement, whether
      oral or written.  This Agreement supersedes any prior written or oral
      agreements between the parties. This Agreement may be modified or amended,
      if
      the amendment is made in writing and is signed by both parties. This Agreement
      is for the unique personal services of EMPLOYEE and is not assignable or
      delegable, in whole or in part, by EMPLOYEE. This Agreement may be assigned
      or
      delegated, in whole or in part, by the Company and, in such case, shall be
      assumed by and become binding upon the person, firm, company, corporation or
      business organization or entity to which this Agreement is assigned. The
      headings contained in this Agreement are for reference only and shall not in
      any
      way affect the meaning or interpretation of this Agreement. If any provision
      of
      this Agreement shall be held to be invalid or unenforceable for any reason,
      the
      remaining provisions shall continue to be valid and enforceable and any such
      provision that is held to be invalid or unenforceable shall be substituted
      by a
      valid or enforceable provision that is as similar in its intent as to the
      invalid or unenforceable provision. The failure of either party to enforce
      any
      provision of this Agreement shall not be construed as a waiver or limitation
      of
      that party's right to subsequently enforce and compel strict compliance with
      every provision of this Agreement. This Agreement may be executed in two or
      more
      counterparts, each of which shall be deemed an original, but all of which
      together shall constitute one and the same instrument and, in pleading or
      proving any provision of this Agreement, it shall not be necessary to produce
      more than one of such counterparts.  

     

    [Intentionally
      left blank - signatures on following page]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

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

     

    
      
        	
                CORNERSTONE PHARMACEUTICALS, INC.:

                /s/ Robert Rodriguez

                Name: Robert Rodriguez

                Totle: President & COO

              	
                EMPLOYEE:

                /s/ David Polinsky 

                David Polinsky

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