SEC Contract Filing

Filing Date: 2017-08-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>6
<FILENAME>f10q0617ex10vi_actinium.htm
<DESCRIPTION>AGREEMENT, DATED JUNE 6, 2017, BY AND BETWEEN ACTINIUM PHARMACEUTICALS, INC. AND SERGIO TRAVERSA
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.6</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement (&quot;Agreement&quot;) is entered into by and between Sergio Traversa (&quot;Director&quot; or &quot;you&quot;) and
Actinium Pharmaceuticals, Inc. (the &quot;Company&quot; or &ldquo;Actinium&rdquo;), and confirms the agreement that has been reached
with you in connection with your resignation as a director of the Company (together, the &ldquo;Parties&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">1.<I>&nbsp;&nbsp;&nbsp;&nbsp;Director
Resignation.</I>&nbsp;&nbsp;&nbsp;&nbsp;Based on discussions with the board of directors (the &ldquo;Board&rdquo;) of the Company
about your intent to focus your attention on matters external to Actinium, you and the Board mutually agree that your resignation
shall be effective as of June 6, 2017 (the &quot;Resignation Date&quot;) and as of such date you shall cease to be a member of
the Board of the Company, including any Board committees (as well as of the Board of Directors of any of the Company's subsidiaries).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">2.&nbsp;&nbsp;&nbsp;&nbsp;<I>Director Compensation</I>.
In consideration of your execution of this Agreement and your compliance with its terms and conditions, the Company agrees to pay
or provide you (subject to the terms and conditions set forth in this Agreement) within five days of the Resignation Date, with
the Company&rsquo;s standard director compensation and committee fees until December 31, 2017. &nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.&nbsp;&nbsp;&nbsp;&nbsp;<I>Options</I>.&nbsp;&nbsp;&nbsp;&nbsp;Ea</FONT>ch
of your outstanding vested options, as well as 69,000 unvested options granted prior to December 31, 2016, to acquire Company common
stock shall also be exercisable until the end of the term of each option grant agreement.&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">4.&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification</I>.
The agreements entered into by and between the Company and you and the indemnification sections of the other agreements shall remain
in full force and effect and shall not limit any greater rights provided and/or available to you by any Directors and Officers
liability insurance policy, applicable documents or as a matter of law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">5.&nbsp;&nbsp;&nbsp;&nbsp;<I>No
Other Payments or Benefits.</I>&nbsp;&nbsp;&nbsp;&nbsp;You acknowledge and agree that, subject to Section 2 of this Agreement,
other than the payments and benefits expressly set forth in this Agreement, you have received all compensation to which you are
entitled from the Company, and you are not entitled to any other payments or benefits from the Company. The Company also agrees
to directly pay to counsel of your choosing the legal expenses you incur in connection with this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">6.<I>&nbsp;&nbsp;&nbsp;&nbsp;Nondisparagement.</I>&nbsp;&nbsp;&nbsp;&nbsp;
The Parties agree that each Party, will not, with intent to damage, disparage or encourage or induce others to disparage the other
Party, including, as it relates to the Company, the Company&rsquo;s subsidiaries and affiliates, together with all of their respective
past and present directors and officers and each of their successors and assigns (collectively, the &quot;Company Entities and
Persons&quot;). Nothing in this Agreement is intended to or shall prevent you or the Company from providing, or limiting testimony
in response to a valid subpoena, court order, regulatory request or other judicial, administrative or legal process or otherwise
as required by law. The Parties each agree that each Party will notify the other Party in writing as promptly as practicable after
receiving any request for testimony or information in response to a subpoena, court order, regulatory request or other judicial,
administrative or legal process or otherwise as required by law, regarding the anticipated testimony or information to be provided
and at least ten (10)&nbsp;days prior to providing such testimony or information (or, if such notice is not possible under the
circumstances, with as much prior notice as is possible).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: