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Exhibit 10.10
 
Summary of Coller Relocation Terms

Term:

 
·
Initially 3 years, renewable in 1 year increments by mutual agreement

Start Up Costs:

 
·
Reimburse for physical exams for family members.

 
·
Reimburse immigration expenses (US PR protection and HK employment visas)

 
·
One month’s salary (gross) for miscellaneous expenses

 
·
Reimburse spouse’s and 2 children’s initial travel cost to assignment (economy),
including dog

 
·
Move household goods from PA home to ID home

 
·
Purchase PA home at appraised value

 
·
Reimburse HK home realtor fee

 
·
Reimburse cost of furniture up to US$10,000

 
·
Reimburse cost of income tax consultation

Ongoing Costs:

 
·
Reimburse reasonable housing and utilities costs with a target of US$12,500 per
month

 
·
A monthly goods and services differential allowance of US$2,804

 
·
Reimburse primary/secondary schooling costs for daughter and youngest son up to
US$20,000 per year each

 
·
Reimburse cost of international medical insurance for Coller, spouse and 2
children

 
·
Reimburse cost of travel for home leave for spouse and 2 children once per year
(economy)

 
·
Reimburse cost of travel for oldest son from US to HK 2 times per year (economy)

 
·
Reimburse cost or assume lease on car

 
·
Reimburse cost of annual tax filing preparation

 
·
Gross up and equalize income taxes on all taxable payments and reimbursements,
excluding PA home purchase and one month’s salary for miscellaneous expenses

 
·
Reimburse emergency leave or evacuation costs

Repatriation Costs:

 
·
Reimburse spouse’s and 2 children’s travel cost to home (economy), including dog

 
·
Reimburse cost of income tax consultation

 
 

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