Sample Business Contracts


Employment Agreement - Sequenom Inc. and Charles Cantor

Employment Forms

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                            Supplemental Schedule A
                                       to
                          Form of Employment Agreement


Charles Cantor, Ph.D.  (S) 1       (Title): Chief Scientific Officer
                                   (Date): August 1, 1998
                       (S) 2       (Title): Chief Executive Officer
                                   Department Responsibilities): Research and
                                   Development
                                   (Specific Responsibilities): Research and
                                   Development activities at the Company,
                                   including at the Company's San Diego
                                   headquarters and those at the Company's
                                   subsidiary, Sequenom GmbH, in Hamburg,
                                   Germany and serving as Chairman of the
                                   Company's Scientific Advisory Board.
                                   (Superior): Chief Executive Officer
                       (S) 3  (a)  (Title): Chief Scientific Officer
                                   (Amount 1): $180,000
                                   (Amount 2): n/a
                              (b)  (Amount 3): $21,000
                                   (insert sentence) In addition for as Chairman
                                   of the Company's Scientific Advisory Board.
                                   Employee will receive additional compensation
                                   of $30,000. This Compensation shall be paid
                                   pro-rata throughout each year of Employee's
                                   employment with Company or until Employee no
                                   longer serves as the Chairman of the
                                   Company's Scientific Advisory Board.
                              (c)  (replace paragraph): The Company has granted
                                   to Employee stock options to purchase up to
                                   180,000 shares of the common stock of the
                                   Company, $0.001 par value per share. The
                                   exercise price for the stock options of $0.50
                                   per share. The stock options shall vest
                                   accordingly, 50,000 shares immediately vest,
                                   an additional 65,000 shares on each of the
                                   first and second anniversaries of the
                                   Effective date of this agreement and
                                   conditioned on Employee's continued
                                   employment. Provided, however, in the event
                                   all, or substantially all, of the assets of
                                   Sequenom, or a majority of the corporate
                                   shares of Sequenom, are acquired by another
                                   business or by an individual, then all
                                   remaining unexercised stock options
                                   previously granted to Employee shall become
                                   100% vested as of the effective date of the
                                   acquisition.
                             (d)   (replace paragraph): Additionally, Company
                                   has granted to Employee stock options to
                                   purchase up to 100,000 shares of the common
                                   stock of the Company, $0.001 par value per
                                   share. The exercise price for the stock
                                   options of $3.00 per share. The stock options
                                   shall vest accordingly, in equal portions
                                   over 48 months, the first vest date being
                                   February 29, 1999 and conditioned on
                                   Employee's continued employment. Provided,
                                   however, that in the event all, or
                                   substantially all, of the assets of Sequenom,
                                   or a majority of the corporate shares of
                                   Sequenom, are acquired by another business or
                                   by an individual, then all remaining
                                   unexercised stock options previously granted
                                   to Employee shall become 100% vested as of
                                   the effective date of the acquisition.
                             (e)   (Amount 6): n/a
                                   (Milestone Description 2): n/a
                             (f)   (replace paragraph) Employee has obtained a
                                   leave of absence from his positions at Boston
                                   University for a period of at least two
                                   years, and will relocate his main residence
                                   to the San Diego, California area. While
                                   continuing to be affiliated with Boston
                                   University, Employee will be required to
                                   visit Boston University up to twelve times
                                   per year. The Company will reimburse Employee
                                   for air travel to and from Boston for up to
                                   twelve such visits per year at the rate of
                                   $200 per day for up to twenty-four days per
                                   year. Such payments shall cover expenses for
                                   meals, lodging and local transportation in
                                   the Boson area and shall be made monthly in
                                   arrears. Any


<PAGE>

                                   consulting activities in the Boston area will
                                   be combined with Employee's scheduled visits
                                   to Boston University whenever possible. The
                                   Company will pay Employee other reasonable
                                   out-of-pocket expenses approved in advance by
                                   the Company in furtherance of or in
                                   connection with his employment hereunder.
                             (g)   (Amount 8): n/a
                Signature
                Block:
                                   (Date): November 16, 1999
                                   (Employee Name): Charles Cantor, Ph.D.
                                   (Employee Address):
                                   (Date): [blank]
                                   (By): [blank]
                                   (Title): [blank]

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