THIS EMPLOYMENT AGREEMENT (this “Agreement”) is dated as of the 19th day of July, 2004,
and is by and between Senesco, Inc., a New Jersey corporation with an office for purposes of this Agreement at
303 George Street, Suite 420, New Brunswick, New Jersey 08901 (hereinafter the “Company” or “Employer”),
and Richard S. Dondero with an address at 37 Hillside Avenue, NJ 07457 (hereinafter the “Employee”).
W I T N E S S E T H:
(a) Company wishes to retain the services of Employee to render services for and on its
behalf in accordance with the following terms, conditions and provisions; and
(b) Employee wishes to perform such services for and on behalf of the Company, in
accordance with the following terms, conditions and provisions.
NOW, THEREFORE, in consideration of the mutual covenants and conditions herein contained the
parties hereto intending to be legally bound hereby agree as follows:
1. EMPLOYMENT. Company hereby employs Employee and Employee accepts such
employment and shall perform his duties and the responsibilities provided for herein in accordance with the terms
and conditions of this Agreement.
2. EMPLOYMENT STATUS. Employee shall at all times be Company’s Employee subject to
the terms and conditions of this Agreement.
3. TERM. Unless earlier terminated pursuant to terms and provisions of this Agreement, this
Agreement shall have a term (the “Term”) of three (3) years following the date hereof. The Term shall
automatically renew for successive one (1) year terms thereafter unless either party delivers written notice of
termination to the other at least 120 days prior to the end of
the initial three (3) year term or any succeeding one (1)-year term. Notwithstanding anything herein to the