SEC Contract Filing

Filing Date: 2022-09-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ampe-20220830xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 9/1/2022 08:49:19 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><b style="font-weight:bold;background:#ffffff;">Exhibit 10.1</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;background:#ffffff;">AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"> <font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><font style="background:#ffffff;">This Amendment No. 1 to Employment Agreement (this &#8220;</font><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;background:#ffffff;">Amendment</u><font style="white-space:pre-wrap;background:#ffffff;">&#8221;) is made and entered into as of August 30, 2022 by and among Ampio Pharmaceuticals, Inc., a Delaware corporation (the &#8220;</font><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;background:#ffffff;">Company</u><font style="background:#ffffff;">&#8221;) and Michael A. Martino (the &#8220;</font><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;background:#ffffff;">Employee</u><font style="background:#ffffff;">&#8221;).</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="background:#ffffff;">RECITALS</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"> <font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><font style="background:#ffffff;">WHEREAS, the Company and the Employee have entered into that certain Employment Agreement dated November 22, 2021 (the &#8220;</font><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;background:#ffffff;">Agreement</u><font style="background:#ffffff;">&#8221;) and desire to amend the Agreement by this Amendment; and</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><font style="background:#ffffff;">WHEREAS, capitalized terms used and not defined in this Amendment have the meanings ascribed to them in the Agreement; and</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"> <font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><font style="background:#ffffff;">NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"> <font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-indent:36pt;"><font style="display:inline-block;min-width:36pt;text-indent:0pt;white-space:nowrap;">1.</font><u style="text-decoration-line:underline;text-decoration-style:solid;">Amendments</u><font style="text-decoration-line:none;">. Section 1 of the Agreement is amended and restated as follows as of the date hereof:</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 12pt 36pt;">1. <b style="font-weight:bold;">Employment for Term.</b><font style="white-space:pre-wrap;"> The Company hereby agrees to employ Employee and Employee hereby accepts such employment with the Company for the period ending on November 22, 2023 (the &#8220;</font><font style="font-style:italic;font-weight:bold;">Initial Term</font><font style="white-space:pre-wrap;">&#8221;). The term of this Agreement (the &#8220;</font><font style="font-style:italic;font-weight:bold;">Term</font><font style="white-space:pre-wrap;">&#8221;) shall continue until the termination of Employee&#39;s employment in accordance with the provisions of this Agreement. Unless otherwise renewed, Employee&#39;s employment under this Agreement shall end at the Initial Term and if Employee remains employed after the conclusion of the Initial Term, Employee shall remain an at-will employee.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;">Additionally, for clarification, Employee <a name="OLE_LINK6"></a>has served and shall continue to serve as Chief Executive Officer of the Company on a non-interim basis.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style