SEC Contract Filing

Filing Date: 2023-10-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>17
<FILENAME>ea185637ex10-17_estrella.htm
<DESCRIPTION>AMENDMENT TO EMPLOYMENT AGREEMENT BY AND BETWEEN PETER XU AND ESTRELLA BIOPHARMA, INC
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<P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><B>Exhibit 10.17</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>AMENDMENT TO EMPLOYMENT
AGREEMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white">THIS
AMENDMENT TO EMPLOYMENT AGREEMENT (this &ldquo;<B><I>Amendment</I></B>&rdquo;), effective as of September 1, 2023 (the &ldquo;<B><I>Amendment
Effective Date</I></B>&rdquo;), by and between Estrella Biopharma, Inc., a Delaware corporation (the&nbsp;&ldquo;<B><I>Company</I></B>&rdquo;),
and Jiandong Xu (the&nbsp;&ldquo;<B><I>Executive</I></B>&rdquo; and, together with the Company, the &ldquo;<B><I>Parties</I></B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Recitals</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white"><FONT STYLE="font-variant: small-caps"><B>WHEREAS</B></FONT>,
the Company and Executive entered into that certain Employment Agreement (the &ldquo;<B>Agreement</B>&rdquo;) dated as of May 27, 2022;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white"><FONT STYLE="font-variant: small-caps"><B>WHEREAS</B></FONT>,
the Company desires to recognize the Executive for services rendered; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white"><B>WHEREAS</B>,
the Board of Directors of the Company has approved the amendment of the Agreement in the manner reflected herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white"><FONT STYLE="font-variant: small-caps"><B>NOW,
THEREFORE</B></FONT>, in consideration of the premises and mutual covenants and conditions herein, the Parties, intending to be legally
bound, hereby agree as follows, effective as of the Amendment Effective Date:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>SECTION
1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Amendments to the agreement</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; background-color: white"><B>1.1
Compensation and Reimbursement of Expenses</B>. The following shall be added as a new subsection (f) of Section&nbsp;3 of the Agreement
(with all capitalized terms having the meaning originally ascribed thereto in the Agreement):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.95pt; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; background-color: white">&ldquo;(f)
<B>Bonus for Services Rendered</B>. In recognition for services rendered, Executive shall be paid a one-time cash bonus of $180,000 within
90 days of the Amendment Effective Date.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.95pt; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>SECTION
2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Miscellaneous provisions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5IN; back