EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT (the "Agreement") is entered into as of the 21st day of February, 2003, by and among
RIBAPHARM INC. (the "Company"), and Kim D. Lamon, MD, PhD, an individual (the "Executive")
(hereinafter collectively referred to as "the parties").
The Company desires to employ Executive and Executive desires to be employed by the Company, all pursuant
to the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the respective agreements of the parties contained herein, it is agreed
1. Term. The initial term of this Agreement shall be for the period commencing on January 23, 2003 (the "Start
Date"), and ending on the second anniversary of the Start Date (the "Initial Term"), provided, however, that the
term of this Agreement shall be automatically extended for successive one (1) year periods thereafter (each, a
"Renewal Period") unless either the Company or Executive shall have given written notice to the other party at
least ninety (90) days prior to the end of the Term of Agreement (as hereinafter defined), that the Term of
Agreement shall not be so extended. The Initial Term together with each Renewal Period, if any, are collectively
referred to herein as the "Term of Agreement". Executive's employment hereunder shall be coterminous with the
Term of Agreement, unless sooner terminated as provided in Section 5 hereof.
2. Employment. During the term of Executive's employment under this Agreement:
(a) Subject to the terms and conditions of this Agreement, Executive shall be employed as President and Chief
Executive Officer of the Company. Executive agrees to discharge all of the duties normally associated with such
positions, to faithfully and to the best of his abilities perform such other services consistent with his position as a
senior executive as may from time to time be assigned to him by the Company's Board of Directors (the
"Board"), and to devote all of his business t