SEC Contract Filing

Filing Date: 2023-03-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.47
<SEQUENCE>5
<FILENAME>exhibit1047ilariaretention.htm
<DESCRIPTION>EX-10.47
<TEXT>
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<title>Document</title></head><body><div id="i9417eaa7265b4ca19cbcfd77b6530aa5_1"></div><div style="min-height:123.12pt;width:100%"><div style="padding-left:360pt"><img alt="image_0.jpg" src="image_0.jpg" style="height:44px;margin-bottom:5pt;vertical-align:text-bottom;width:184px"><font style="color:#062d5d;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:129%">1100 Massachusetts Avenue</font></div><div style="margin-bottom:6pt"><font style="color:#062d5d;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:129%">&#160;&#160;&#160;&#160;Cambridge, MA </font></div><div style="padding-left:360pt"><font style="color:#062d5d;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:129%">Tel&#58; 617-453-1000 </font></div><div style="padding-left:360pt"><font style="color:#062d5d;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:129%">Fax&#58; 617-453-1001</font></div><div style="padding-left:360pt"><font style="color:#062d5d;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:129%">www.infi.com</font></div><div><font><br></font></div></div><div><font><br></font></div><div style="padding-left:36pt;padding-right:36pt;text-align:center;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;padding-right:36pt;text-align:center;text-indent:36pt"><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">February 22, 2023</font></div><div style="text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Robert Ilaria</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1100 Massachusetts Avenue</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Cambridge, MA 02138</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Dear Robert&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;As you know, Infinity Pharmaceuticals, Inc. (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:100%">Infinity</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) is entering into a merger agreement with MEI Pharma, Inc. (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:100%">MEI</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) by which, if the merger is completed in accordance with its terms, Infinity will become a subsidiary of MEI. References to &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:100%">Infinity</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221; below include MEI if and after the merger closes. We recognize that your contributions to Infinity in the past have been integral to its success and that your continued involvement with and after the merger will be necessary to facilitate the completion of the merger and are critical to ensuring the success of the merged company.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;To incentivize you to remain with Infinity through the closing of the merger (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:100%">Closing</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) and for at least the remainder of 2023, and to provide you the possibility of receiving certain benefits after the Closing, you will be eligible to receive the payments described in this agreement (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:100%">Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;). </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;padding-left:22.02pt">You agree to remain in the employ of Infinity through the date of the closing (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:100%">Closi