SEC Contract Filing

Filing Date: 2016-08-11

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tlog-20160630ex1016bc4d6.htm
<DESCRIPTION>EX-10.1
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 <a name="_GoBack"></a><font style="display:inline;font-family:Garamond;font-weight:bold;">Exhibit 10.1</font>
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 <font style="display:inline;font-family:Garamond;font-weight:bold;">CONSULTING AGREEMENT</font>
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 <font style="display:inline;font-family:Garamond;">This Consulting Agreement (this &#x201C;Agreement&#x201D;) is entered into this </font><font style="display:inline;font-family:Garamond;font-weight:bold;">2nd day of May, 2016</font><font style="display:inline;font-family:Garamond;">&nbsp;</font><font style="display:inline;font-family:Garamond;">(the &#x201C;Effective Date&#x201D;) by and between </font><font style="display:inline;font-family:Garamond;font-weight:bold;">TetraLogic Pharmaceuticals Corporation</font><font style="display:inline;font-family:Garamond;"> (&#x201C;TetraLogic"), a Delaware corporation with its principal place of business located at 343 Phoenixville Pike, Malvern, PA 19355 and </font><font style="display:inline;font-family:Garamond;font-weight:bold;">Peter Meyers</font><font style="display:inline;font-family:Garamond;"> (&#x201C;Consultant&#x201D;), having an address at 121 Ridgeway Street, Mount Vernon, NY 10552.</font>
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 <font style="display:inline;font-family:Garamond;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Garamond;text-decoration:underline;">Services</font><font style="display:inline;font-family:Garamond;">.&nbsp; </font><font style="display:inline;font-family:Garamond;">Consultant will provide TetraLogic with the full benefit of Consultant knowledge, experience and skill with respect to continuing the executing on all third party business collaborations and relationships. These may include, but is not limited to the sale or license of the Company and/or some or all Company assets.&nbsp;&nbsp; </font><font style="display:inline;font-family:Garamond;">Consulting time will be agreed to by TetraLogic and the Consultant on an as needed basis and will continue for the term of the Agreement. </font>
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 <font style="display:inline;font-family:Garamond;">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Garamond;text-decoration:underline;">Compensation &amp; Expenses</font><font style="display:inline;font-family:Garamond;">.&nbsp;&nbsp;TetraLogic shall pay Consultant for Services as a one lump sum amount of $265,000.&nbsp;&nbsp;Payment to be made within 30 days of the start of this contract.&nbsp;&nbsp;&nbsp;TetraLogic will reimburse Consultant for reasonable and customary travel expenses incurred by Consultant at TetraLogic's request, provided Consultant makes travel arrangements involving air travel through TetraLogic.&nbsp;&nbsp;All reimbursement expenses shall be paid by TetraLogic to Consultant within 30 days of submission by Consultant of statements and vouchers/receipts.&nbsp;&nbsp;Consultant shall itemize all such travel expenses on a TetraLogic expense report and each report shall be accompanied by substantiating receipts or vouchers. </font>
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 <font style="display:inline;font-family:Garamond;">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Garamond;text-decoration:underline;">Term of Agreement</font><font style="display:inline;font-family:Garamond;">.&nbsp;&nbsp;The Consultant&#x2019;s engagement will begin on the Effective Date of this agreement and terminate on December 1, 2016 unless earlier terminated by TetraLogic upon written notice to Consultant.&nbsp;&nbsp;The Consultant&#x2019;s obligations under Sections 4, 5, 6 and 7 shall survive the termination of the Consultant&#x2019;s engagement until five (5) years after the last disclosure of Confidential Information hereunder.</font>
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