Consulting Agreement [Amendment] - Sepracor Inc. and Alan Steigrod
[Sepracor letterhead]
CONSULTING AGREEMENT AMENDMENT
This amendment, effective as of January 1, 1997 is between SEPRACOR Inc.
("SEPRACOR"), a Delaware Corporation having its principal office at 111 Locke
Drive, Ste. 2, Marlborough, MA 0152, and Alan Steigrod, 601 Lido Park Drive,
#7A, Newport Beach, CA 92663 ("CONSULTANT").
WHEREAS, SEPRACOR wishes to engage the continued services of CONSULTANT
in the area of company acquisitions, upper respiratory markets, and speciality
sales and marketing capabilities and organizations ("FIELD"); and
WHEREAS, CONSULTANT wishes to provide contract services to SEPRACOR:
THEREFORE, SEPRACOR and CONSULTANT agree that:
Existing, written Consulting Agreement between SEPRACOR and CONSULTANT, signed
on September 1, 1996, is hereby amended as follows:
1. The term of the Consulting Agreement shall be extended to run until December
31, 1997, unless sooner terminated in accordance with the provisions of Section
9 thereof. It may be further extended for additional periods of time as agreed
by the mutual written consent of SEPRACOR and CONSULTANT.
2. During the extended term, CONSULTANT's compensation will be at a rate of
$250.00 per hour, not to exceed $2000.00 per day, with a maximum of $42,000.00
during the extended term in consideration for consulting services provided on
behalf of SEPRACOR.
3. Subject to the above, all other terms of the Consulting Agreement shall
remain in full force and effect without any further additions or amendments.
SEPRACOR INC. ALAN A. STEIGROD
By: /s/ David S. Barlow By:/s/ Alan A. Steigrod
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Name: David S. Barlow Name: Alan A. Steigrod
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Title: President, Pharmaceuticals Title: Consultant
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Date: Date:
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