SEC Contract Filing

Filing Date: 2015-08-10

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>pbyi-ex101_82.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SECOND AMENDMENT TO </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PUMA BIOTECHNOLOGY, INC. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2011 INCENTIVE AWARD PLAN </p>
<p style="text-align:justify;margin-top:9pt;margin-bottom:0pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Second Amendment (&#8220;<font style="text-decoration:underline;">Second Amendment</font>&#8221;) to the Puma Biotechnology, Inc. 2011 Incentive Award Plan (the &#8220;<font style="text-decoration:underline;">Plan</font>&#8221;), is adopted by the Board of Directors (the &#8220;<font style="text-decoration:underline;">Board</font>&#8221;) of Puma Biotechnology, Inc., a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;), effective as of April&#160;20, 2015 (the &#8220;<font style="text-decoration:underline;">Effective Date</font>&#8221;). Capitalized terms used in this Second Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the Plan. </p>
<p style="text-align:center;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">RECITALS</p>
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<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.</p></td>
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<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">The Company currently maintains the Plan. </p></td></tr></table></div>
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<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.</p></td>
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<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Pursuant to Section&#160;13.1 of the Plan, the Board has the authority to amend the Plan to increase the limits imposed in Section&#160;3.1 on the maximum number of shares which may be issued under the Plan (the &#8220;<font style="text-decoration:underline;">Share Limit</font>&#8221;), subject to approval by the stockholders of the Company twelve (12)&#160;months before or after such action. </p></td></tr></table></div>
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<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.</p></td>
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<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">The Board believes it is in the best interests of the Company and its stockholders to amend the Plan to increase the Share Limit. </p></td></tr></table></div>
<p style="text-align:center;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">AMENDMENT</p>
<p style="text-align:justify;margin-top:9pt;margin-bottom:0pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Plan is hereby amended as follows, effective as of Effective Date. </p>
<p style="text-align:justify;margin-top:9pt;margin-bottom:0pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1. <font style="text-decoration:underline;">Section&#160;3.1(a)</font>. Subject to approval by the stockholders of the Company within twelve (12)&#160;months of the Effective Date, the first sentence of Section&#160;3.1(a) of the Plan is hereby deleted and replaced in its entirety with the following: </p>
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