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Retention Agreement

Employee Retention Agreement

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This Employee Retention Agreement involves

LA JOLLA PHARMACEUTICAL CO | Theodora Reilly

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Title: Retention Agreement
Date: 8/9/2005
Industry: BIOTRX     Sector: HEALTH

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                                                                   EXHIBIT 10.65

 

August 9, 2005

 

Theodora Reilly

La Jolla Pharmaceutical Company

6455 Nancy Ridge Drive

San Diego, California 92121

 

Dear Teddi,

 

        On April 19, 2005, you and La Jolla Pharmaceutical Company (the

"Company") entered into an agreement (the "Retention Agreement") which provided

you with the potential to earn bonuses upon the occurrence of certain events.

The purpose of this letter is to clarify how the Retention Agreement would

operate in the context of certain transactions not expressly addressed in the

Retention Agreement in order to continue to retain your services and to

incentivize you to remain an employee of the Company.

 

        1. If, on or prior to September 30, 2005, the Company executes a

definitive agreement that provides for a sale o

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