SEC Contract Filing

Filing Date: 2015-05-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f8k050415ex10i_cleveland.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXECUTIVE EMPLOYMENT AGREEMENT</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This EXECUTIVE EMPLOYMENT
AGREEMENT (the &ldquo;<B><I>Agreement</I></B>&rdquo;) between Cleveland BioLabs, Inc., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;),
and Langdon L. Miller, MD (the &ldquo;<B><I>Executive</I></B>&rdquo;) is effective as of 4 May 2015<B> </B>(the &ldquo;<B><I>Effective
Date</I></B>&rdquo;).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">W I T N E S S E T H:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
desires the Executive to provide services to the Company, and wishes to provide the Executive with certain compensation and benefits
in return for such employment services; and</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Executive
wishes to be employed by the Company and to provide services to the Company in return for certain compensation and benefits;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">NOW THEREFORE, in
consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><U>EMPLOYMENT TERM</U></B>. The Company hereby offers to employ the Executive, and the Executive hereby accepts employment by
the Company, upon the terms and conditions set forth in this Agreement, until the termination of the Executive&rsquo;s employment
in accordance with Section 10 below, as applicable (the &ldquo;<B><I>Employment Term</I></B>&rdquo;). The Executive shall be employed
at will, meaning that either the Company or the Executive may terminate this Agreement and the Executive&rsquo;s employment at
any time, for any reason or no reason, with or without Cause, without liability to the other save for wages earned through the
effective date of termination and severance compensation and benefits provided in Section 11, as applicable.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><U>POSITION &amp; DUTIES</U></B>. During the Employment Term, the Executive shall serve as the Company&rsquo;s President and
Chief Medical Officer. As President and Chief Medical Officer, the Executive shall have such duties, authorities and responsibilities
commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies and
such other duties and responsibilities as the Company&rsquo;s Board of Directors (the &ldquo;<B><I>Board</I></B>&rdquo;) or Chief
Executive Officer shall designate that are consistent with the Executive&rsquo;s positions as President and Chief Medical Officer,
including, but not limited to appearing and/or speaking at certain Company meetings, presentations and conferences. During the
Employment Term, the Executive shall use the Executive&rsquo;s best efforts to perform faithfully and efficiently the duties and
responsibilities assigned to the Executive<FONT STYLE="color: red"> </FONT>hereunder and devote not less than one thousand (1,000)
hours per year to performance of such duties.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><U>LOCATION</U></B>. Unless the parties otherwise agree in writing, at all times during the Employment Term, the Executive&rsquo;s
principal place of business for performance of the services under this Agreement shall be from Executive&rsquo;s residence, which
is currently located at Seattle, WA 98199, <I>provided, however</I>, that the Company may from time to time require the Executive
to travel temporarily to other locations (domestic and international) in connection with the Company&rsquo;s business.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align