THIS EMPLOYMENT AGREEMENT (the "AGREEMENT"), is entered into as of November1, 2004, by and
between HANA BIOSCIENCES, INC., a Delaware corporation with principal Employee offices at 400 Oyster
Point Boulevard, Suite 215, South San Francisco, CA 94080 (the "COMPANY"), and RUSSELL SKIBSTED,
residing at 27855 Moody Road, Los Altos Hills, CA 94022 (the "EMPLOYEE").
W I T N E S S E T H:
WHEREAS, the Company desires to continue to employ the Employee as Vice President, Chief Financial
Officer of the Company, and the Employee desires to continue to serve the Company in those capacities, upon
the terms and subject to the conditions contained in this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties
hereto hereby agree as follows:
(a) Services. The Employee will be employed by the Company as its Vice President and Chief Financial Officer.
The Employee will report to the Chief Executive Officer and shall perform such duties as are consistent with the
position of Chief Financial Officer for a company of similar size and stage of development (the "Services"). The
Employee agrees to perform such duties faithfully, to devote all of his working time, attention and energies to the
business of the Company, and while he remains employed, not to engage in any other business activity that is in
conflict with his duties and obligations to the Company.
(b) Acceptance. Employee hereby accepts such employment and agrees to render the Services.
The Employee's employment under this Agreement (the "Term") shall commence as of November 15, 2004 (the
"Effective Date") and shall continue for a term of three (3) years, unless sooner terminated pursuant to Section 8
of this Agreement. Notwithstanding anything to the contrary contained herein, the provisions of this Agreement
governing protection of Confidential Information shall continue in effect as specified in Section 5 hereof and