SEC Contract Filing

Filing Date: 2024-08-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_705820.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<p style="margin: 0px 0pt; text-align: right; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.1</b></font></p>

<p style="margin: 0px 0pt; text-align: left; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:center;margin:0pt;"><b>EXECUTIVE EMPLOYMENT AGREEMENT</b></p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;margin:0pt;">This Executive Employment Agreement (the &#8220;<b>Agreement</b>&#8221;) is entered into as of May 23, 2024, by and between Karthik Radhakrishnan (&#8220;<b>Executive</b>&#8221;) and Monopar Therapeutics Inc. (the &#8220;<b>Company</b>&#8221;).</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Whereas</b>, the Company desires to employ Executive as its Chief Financial Officer effective as of July 1, 2024 (the &#8220;<b>Effective Date</b>&#8221;), and Executive desires to serve in such capacity, pursuant to the terms and conditions set forth in this Agreement; and</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Now, Therefore</b>, in consideration of the mutual promises and covenants contained herein, it is hereby agreed by and between the parties hereto as follows:</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:center;margin:0pt;"><b>ARTICLE I</b></p>

<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:center;margin:0pt;"><b>DEFINITIONS</b></p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;margin:0pt;">For purposes of the Agreement, the following terms are defined as follows:</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>1.1.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&#8220;<b>Board</b>&#8221; means the Board of Directors of the Company.</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>1.2.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&#8220;<b>Cause</b>&#8221; means any of the following events described below:</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>(a)</b>&nbsp;&nbsp;Executive&#8217;s commission of a felony or other crime involving moral turpitude;</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>(b)</b>&nbsp;&nbsp;any willful act or acts of dishonesty undertaken by Executive and intended to result in substantial gain or personal enrichment of Executive, Executive&#8217;s family or any third party at the expense of the Company;</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>(c)</b>&nbsp;&nbsp;any willful act of gross misconduct which is materially and demonstrably injurious to the Company; and/or</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>(d)</b>&nbsp;&nbsp;Executive&#8217;s inability to lawfully work in the United States.</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;">For the purpose of this Agreement, no act, or failure to act, by Executive shall be considered &#8220;willful&#8221; if done, or omitted to be done, by Executive in good faith and in the reasonable belief that Executive&#8217;s act or omission was in the best interest of the Company and/or required by applicable law.</p>

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<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:justify;margin:0pt;"><b>1.3.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&#8220;<b>Change in Control</b>&#8221; means the occurrence of any of the following ev