Exhibit
10.1
AMENDMENT
TO ADVISORY AGREEMENT
This
amendment to the Advisory
Agreement dated as of November 6, 2006, between Oxis
International, Inc., a Delaware corporation (the “Company”), and Ambient
Advisors LLC (the “Advisor”) is dated October 11, 2007.
The
following sections replace the same
sections in the original Advisory Agreement dated November 6, 2006, effective
retroactively to October 15, 2006 (the “Commencement Date” of the Advisory
Agreement).
4. Time
to be Devoted to Services. During the
Term, the Advisor agrees to spend approximately one half (50%) of the Advisor’s
working time to the provisions of services hereunder.
5. Compensation.
(a) Advisory
Fee. The Company shall pay to the
Advisor an advisory fee of $125,000 per annum.
IN
WITNESS WHEREOF,
the parties hereto have executed and delivered this Amendment to the Advisory
Agreement as of the date first written above.
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OXIS
International,
Inc. |
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By:
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/s/ Marvin
S. Hausman, M.D. |
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Marvin
S. Hausman, M.D. |
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President
&
CEO |
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AMBIENT
ADVISORS
LLC |
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By:
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/s/ Gary
M. Post |
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Gary
M. Post |
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