EMPLOYMENT AGREEMENTEmployment Agreement • January 5th, 2015 • NeoStem, Inc. • Services-misc health & allied services, nec • New York
This EMPLOYMENT AGREEMENT (this “Agreement”), dated as of January 5, 2015 and effective on January 5, 2015, (the “Effective Date”) is by and between NeoStem, Inc. (the “Company”) and Robert S. Vaters (the “Executive”).
January 2, 2015 (effective as of January 1, 2015) Dr. Robin L. Smith Suite 8H New York, New York 10021 Dear Robin:NeoStem, Inc. • January 5th, 2015 • Services-misc health & allied services, nec • New York
This letter serves as an amendment (the “Amendment”) to (i) the employment agreement between you and NeoStem, Inc. (the “Company”) dated May 26, 2006 (as amended on each of January 26, 2007, September 27, 2007, January 9, 2008, August 29, 2008, July 29, 2009, April 4, 2011, November 13, 2012, and March 11, 2014) pursuant to which you serve as the Company’s Chairman of the Board and Chief Executive Officer (the “Agreement”), and (ii) your Employee Confidentiality, Invention Assignment and Non-Compete Agreement dated as of August 6, 2006 (the “Confidentiality Agreement”). Except as set forth herein, the Agreement and the Confidentiality Agreement shall remain unchanged. Initially capitalized terms used herein but not defined shall have the meaning set forth in the Agreement.
