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EXHIBIT 10.2
March 11, 2009
Ayelet
Dugary
60 Park
Street
Tenafly, NJ
07670
Dear Mrs.
Dugary:
This letter
sets forth proposals for the amendment of your employment agreement
with SIGA Technologies, Inc., dated as of January 22, 2007 (the
“Original Employment Agreement”).
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We hereby
propose to amend the Original Employment Agreement by adding the
following sentence at the end of Section 1:
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“In the
event that the Company provides notice of its desire not to renew
this Agreement in accordance with the preceding sentence, Executive
shall be entitled to the continued payment of the Base Salary (as
determined pursuant to Section 3(a)) for one year (such sums to be
paid at the times and in the amounts such Base Salary would have
been paid had Executive’s employment
continued).”
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We hereby
propose to amend the Original Employment Agreement by replacing
Section 2(a) with the following:
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“
Employment by the Company . Executive agrees to
be employed by the Company during the Term upon the terms and
subject to the conditions set forth in this
Agreement. Executive shall serve Acting Chief Financial
Officer of
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