Document:

Employment Agreement - Paul E. Freiman

 Exhibit 10.9 
  
 NEUROBIOLOGICAL TECHNOLOGIES, INC. 
  
 EMPLOYMENT AGREEMENT 
  
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of April 1, 2003 (the “Effective Date”) by and between
NEUROBIOLOGICAL TECHNOLOGIES, INC., a Delaware corporation (“NTI”) and Paul E. Freiman (“Freiman”). 
  
 BACKGROUND 
  
 A. WHEREAS, Freiman currently has an Employment Agreement with NTI entered into as of June 10, 2002 (the “Prior Agreement”); 
  
 B. WHEREAS, pursuant to the Prior Agreement, Freiman received a bonus for
agreeing to remain as NTI’s President and Chief Executive Officer through March 10, 2003; and 
  
 C. WHEREAS, NTI desires to incentivize Freiman to remain as President and Chief Executive Officer of NTI on the terms and subject to the conditions set
forth in this Agreement. 
  
 THE PARTIES AGREE AS FOLLOWS:

  
 1. Positions and Duties. 
  
 1.1 President and Chief Executive
Officer.    Freiman shall be employed by NTI as its President and Chief Executive Officer, and NTI agrees to employ and retain Freiman in such capacity. 
  
 1.2 Duties.    Freiman shall devote all of his business time, energy, and skill
to the affairs of NTI; provided, however, that reasonable time for personal business, charitable or professional activities shall be permitted, so long as such activities do not materially interfere with Freiman’s performance of services under
this Agreement. 
  
 2. Terms of Employment. 
  
 2.1 Definitions.    For purposes
of this Agreement, the following terms shall have the following meanings: 
  
 (a) “Accrued Compensation” shall mean any accrued Total Cash Compensation, any benefits under any plan of NTI in which Freiman is a participant to the full extent of Freiman’s rights under such
plans, any accrued vacation pay, and any appropriate business expenses incurred by Freiman in connection with the performance of Freiman’s duties hereunder, all to the extent unpaid on the date of termination. 
  
 (b) “Base Salary” shall have the meaning
set forth in Section 3.1 hereof. 
  
 (c)
“Termination For Cause” means termination by NTI of Freiman’s employment by reason of Freiman’s dishonesty or fraud, gross negligence in the performance of his duties hereunder, material breach of this Agreement,
intentional engagement in acts seriously detrimental to NTI’s operations, or conviction of a felony involving moral turpitude. 
  
 (d) “Termination Other Than For Cause” means termination by NTI of Freiman’s employment for any reason
other than as specified in Sections 2.1, (d) or (f) hereof. 
  
 (e) “Total Cash Compensation” shall mean Freiman’s Base Salary (as defined in Section 3.1) plus any cash bonuses, commissions or similar payment accrued during any single calendar year.

 (f) “Voluntary Termination” means termination of Freiman’s
employment by the voluntary action of Freiman. 
  
 2.2 Employee at Will.    Freiman is an “at will” employee of NTI, and Freiman’s employment may be terminated at any time upon a Termination For Cause or a Termination Other Than For Cause by the
giving of written notice thereof to Freiman, subject to the terms and conditions of this Agreement. 
  
 2.3 Termination For Cause.    Upon Termination For Cause, NTI shall pay Freiman Accrued Compensation, if any,
and Freiman shall refund the Retention Bonus within 30 days of such termination. 
  
 2.4 Termination Other Than For Cause.    Upon Termination Other Than For Cause, NTI shall pay Freiman all
Accrued Compensation. 
  
 2.5 Voluntary
Termination.    Freiman shall have the right to effect a Voluntary Termination by giving at least 30 days advance written notice to NTI. During such period, Freiman shall continue to receive regularly scheduled Base Salary
payments and benefits. Following the effective date of a Voluntary Termination, NTI shall pay Freiman Accrued Compensation, if any, and, if such Voluntary Termination occurs during the Term of this Agreement, then Freiman shall refund the Retention
Bonus within 30 days of such termination. 
  
 2.6
Timing of Termination Payments.    Unless expressly provided otherwise, the foregoing termination payments shall be made at the usual and agreed times provided for in Section 3.1 of this Agreement. 
  
 3. Compensation and Benefits. 
  
 3.1 Base Salary.    As payment
for the services to be rendered by Freiman as provided in Section 1 and subject to the provisions of Section 2 of this Agreement, NTI shall pay Freiman a Base Salary (“Base Salary”) at the rate of $200,000 per year, payable on
NTI’s normal payroll schedule. 
  
 3.2
Additional Benefits. 
  
 (a) Benefit
Plans.    Freiman shall be eligible to participate in NTI’s benefit plans as are now generally available or later made generally available to senior officers of NTI, including, without limitation, medical, dental, life,
and disability insurance plans. 
  
 (b)
Expense Reimbursement.    NTI agrees to reimburse Freiman for all reasonable, ordinary and necessary travel and entertainment expenses incurred by Freiman conjunction with his services to NTI consistent with NTI’s
standard reimbursement policies. NTI shall pay travel costs incurred by Freiman in conjunction with his services to NTI consistent with NTI’s standard travel policy. 
  
 (c) Vacation.    Freiman shall be entitled, without loss of compensation, to the
amount of vacation per year generally available or later made generally available to senior officers of NTI. 
  
 3.3 Retention Bonus.    In exchange for Freiman’s commitment to the Term of this Agreement, NTI
shall pay Freiman a Retention Bonus (“Retention Bonus”) of $200,000 on the Effective Date of this Agreement. Freiman acknowledges and agrees that payment of the Retention Bonus is a material element of this Agreement and is in
consideration for Freiman’s commitment, and without such commitment, NTI would not have paid the Retention Bonus. Freiman acknowledges his obligation to refund the entire Retention Bonus as provided for in Sections 2.3 and
2.5 of this Agreement. 
  
 3.4
Bonus.    Freiman shall participate in any management bonus plan adopted by NTI on terms comparable to other senior officers of NTI. 
  
 4. Miscellaneous. 
  
 4.1 Waiver.    The waiver of the breach of any provision of this Agreement shall not operate or be construed as
a waiver of any subsequent breach of the same or other provision hereof. 
  

 2 

 4.2 Notices.    All notices and other communications under
this Agreement shall be in writing and shall be given by personal or courier delivery, facsimile or first class mail, certified or registered with return receipt requested, and shall be deemed to have been duly given upon receipt if personally
delivered or delivered by courier, on the date of transmission if transmitted by facsimile, or three days after mailing if mailed, to the addresses of NTI and Freiman contained in the records of NTI at the time of such notice. Any party may change
such party’s address for notices by notice duly given pursuant to this Section 4.2. 
  
 4.3 Term of the Agreement; Renewal of the Agreement.    The Term of this Agreement (“Term”) will
commence on the Effective Date and will continue for a period of one year.  
  
 4.4 Headings.    The section headings used in this Agreement are intended for convenience of reference and
shall not by themselves determine the construction or interpretation of any provision of this Agreement. 
  
 4.5 Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of the
State of California applicable to contracts entered into and wholly to be performed within the State of California by California residents. 
  
 4.6 Arbitration.    Any controversy or claim arising out of, or relating to, this Agreement or the breach of
this Agreement will be settled by arbitration by, and in accordance with the applicable National Rules for the Resolution of Employment Disputes of the American Arbitration Association and judgment upon the award rendered by the arbitrator(s) may be
entered in any court having jurisdiction. The arbitrator(s) will have the right to assess, against a party or among the parties, as the arbitrator(s) deem reasonable, (a) administrative fees of the American Arbitration Association, (b) compensation,
if any, to the arbitrator(s) and (c) attorneys’ fees incurred by a party. Arbitration hearings will be held in San Francisco, California. The provisions of California Code of Civil Procedure Section 1283.05 will apply to any arbitration.

  
 4.7 Survival of
Obligations.    This Agreement shall be binding upon and inure to the benefit of the executors, administrators, heirs, successors, and assigns of the parties; provided, however, that except as herein expressly provided, this
Agreement shall not be assignable either by NTI (except to an affiliate or successor of NTI) or by Freiman without the prior written consent of the other party. 
  
 4.8 Counterparts.    This Agreement may be executed in one or more counterparts,
all of which taken together shall constitute one and the same Agreement. 
  
 4.9 Withholding.    All sums payable to Freiman hereunder shall be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law.

  
 4.10
Enforcement.    If any portion of this Agreement is determined to be invalid or unenforceable, such portion shall be adjusted, rather than voided, to achieve the intent of the parties to the extent possible, and the
remainder shall be enforced to the maximum extent possible. 
  
 4.11 Entire Agreement; Modifications.    Except as otherwise provided herein or in the exhibits hereto, this Agreement represents the entire understanding among the parties with respect to
the subject matter of this Agreement, and this Agreement supersedes any and all prior and contemporaneous understandings, agreements, plans, and negotiations, whether written or oral, with respect to the subject matter hereof, including, without
limitation, any understandings, agreements, or obligations respecting any past or future compensation, bonuses, reimbursements, or other payments to Freiman from NTI. All modifications to the Agreement must be in writing and signed by each of the
parties hereto. 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the date set forth
in the first paragraph. 
  

	 NEUROBIOLOGICAL TECHNOLOGIES, INC.

		
	 By:
	 	 /s/    ABRAHAM E.
COHEN        

	 Title:
	 	Chairman of the Board
		
	 	 	 /s/    PAUL E.
FREIMAN        

	 	 	Paul E. Freiman

  

 4First Amendment to Lease

 Exhibit 10.10 
  
 FIRST AMENDMENT TO LEASE 
  
 THIS FIRST AMENDMENT TO LEASE (this “Amendment”) is made as of the 2nd day of June (the “Effective Date”) by and between 3260 Blume
Drive Associates (“Landlord”) and Neurobiological Technologies, Inc. (“Tenant”). 
  
 RECITALS 
  
 A. Landlord and Tenant are parties to that certain Office Lease dated as of August 2, 2002 (the “Lease”) for certain premises containing approximately 4,333 rentable square feet of space commonly known as Suite 500 (the
“Premises”) in the building located at 3260 Blume Drive, Richmond, California (the “Building”). 
  
 B. Landlord and Tenant desire to amend the Lease to provide for the extension of the Expiration Date, and to make certain additional amendments to the
Lease as are more particularly described herein. 
  
 NOW
THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows: 
  
 1. Definitions. Unless otherwise defined herein, the capitalized words and terms used in this Amendment shall have the meanings ascribed to them in
the Lease. 
  
 2. Term. The Expiration Date of the Lease is
hereby extended to July 31, 2004. 
  
 3. Base Rent.
Effective as of August 1, 2003 and continuing through the Expiration Date (as amended hereby), Base Rent for the Premises shall be $7,583.00 per month. All rental payments under the Lease shall be made to Landlord at the Rent Payment Address
specified in Paragraph 1 (Lease Summary) as amended hereby, or at such other place as Landlord may from time to time designate in writing. 
  
 4. Condition of Premises. The parties acknowledge that Tenant is presently in possession of the Premises and that Landlord has, and will have, no
obligation to Tenant to inspect or examine the Premises or the condition thereof prior to the execution of this Amendment. Tenant acknowledges that Landlord has made no representation or warranties, express or implied, respecting the condition of
the Premises, and that Landlord has no obligation in connection with the execution of this Amendment to repaint, remodel or repair, move or alter the Premises, or to perform any consultation, remodeling other work of improvement upon the Premises,
or to contribute to the cost of any such work. The provisions of Exhibit C to the Lease (“Work Agreement”) shall not apply hereto. 
  
 5. No Brokers. Tenant represents and warrants that Tenant had had no dealings of communications with any broker or agent in connection with this
Amendment other than CB Richard Ellis, Inc. and CPS Commercial Property Services (“Brokers”), and that no person or entity is entitled to any brokerage commission or finder’s fee on account of the negotiation, 

 execution, delivery, and consummation of this Amendment, other than any commission which may be payable by Landlord to
Brokers. Tenant hereby agrees to indemnify Landlord and to hold Landlord free and harmless of and from any and all claims, losses, damages, costs and expenses of whatsoever nature, including attorney’s fees and cost of litigation, arising from
or relating to, any brokerage commissions or finder’s fees payable or alleged to be payable by reason of any act of Tenant in connection with this Amendment or its negotiation, excluding any amounts payable to Brokers. 
  
 6. Miscellaneous. 
  
 6.1 Except as modified by this Amendment, all of the terms, conditions and
provisions of the Lease shall remain in full force and effect and are hereby ratified and confirmed. To the extent the terms of the Lease and this Amendment are inconsistent, the terms of this Amendment shall control. 
  
 6.2 The submission of this Amendment to Tenant for examination or execution
does not create an option or constitute an offer to Tenant to amend the Lease on the terms and conditions contained herein, and this Amendment shall not become effective as an Amendment to the Lease unless and until it has been executed and
delivered by both Landlord and Tenant. By executing and delivering this Amendment, the person or persons signing on behalf of Tenant represent and warrant that they have the requisite authority to bind Tenant. 
  
 6.3 This Amendment contains the entire agreement of Landlord and Tenant with
respect to the subject matter hereof. There are no oral agreements between Landlord and Tenant affecting the Lease as hereby amended, and this Amendment supersedes and cancels any and all previous negotiations, representations, agreements and
understandings, if any, between Landlord and Tenant and their respective agents with respect to the subject matter hereof, and none shall be used to interpret to construe the Lease as amended hereby. Tenant acknowledges that prior communications
from Landlord and its agents were not and are not, and shall not be construed to be, representations or warranties by Landlord or its agents as the matters communicated, and have not and will not be relied upon by Tenant. 
  
 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as
of the day and year first written above. 
  

	 Landlord
 3260 Blume Drive
Associates
 By:    /s/
[Illegible]                    
 Its: General
Partner
 Date: 6/2/2003
	 	 Tenant
 Neurobiological Technologies,
Inc.
 By:        /s/ Paul E.
Freiman                
 Its: President and Chief Executive
Officer
 Date: May 15, 2003

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