**Exhibit 10.17**

 

|                                                                              |                                         | Ordinary  Labor Contract |   |
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|                                                                         | For  Indefinite Time Period                  |                     |
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| Ministry of Labor                                                            |                                         |                     |   |
| and Social Security                                                          |                                         |                     |   |
| National Institute of  Labor                                                 |                                         |                     |   |
|                                                                         |                                         |                     |   | Contract Code | 0 | 1 |   |
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| Registry Seal of the Office of the National  Institute of Employment (INEM). |                                         |
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|                                                                         | Social Security                              | Code                     | Number | Dig.  Contr. |   |   |
|                                                                         | Registration Number                          |                     |   |   |   |   |
|                                                                         | (Social Security Account)     | xx                       | xxxxxx | xx |   |   |
| For the Firm                                                                 |                                         |                     |
|                                                                         | Regime of Social Security                    |                     |
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| Mr./Ms (1):   CLEMENTE GONZALEZ AZPEITIA                                                                             | National ID:                                       | xxxxxxxxx                                                                             | Position (1): | GENERAL DIRECTOR |
|--------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|---------------------------------------------------------------------------------------|---------------|------------------|
| Name or  registered name: BELMAC LABORATORIES  S.A Tax code/number: 78964038  Economic Activity: FAP. ESP. FARM. AAE |
| Personal  Domicile: Montearagon Street, 9                                                                                      | City: Madrid                                       | Postal code:  28033                                                                   | Number: 108   |
| Business  Domicile: Montearagon Street, 9                                                                                      | City: Madrid                                       | Postal code:  28033                                                                   | Number: 57    |
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| Mr./Ms.: ADOLFO  HERRERA MALAGA                                                                                                | Social Security  Number:   xxxxxxxxxxxxx | Level of  Education:           Code |
| Date of Birth:  1-04-1960                                                                                                      | National ID:  xxxxxxxxx                            | Domicile:  XXXXXXXXXXX                                                           |
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Withthe legal assistance in your case of                                                                                                                             

Licensenumber                                                                      ,in his/her capacity as (2)                                                     

 

DECLARE

 

Thatthe conditions necessary to create the present labor contract are met andtherefore [the parties] agree to formalize the agreement with the followingconditions:

 
| CLAUSES |
|---------|
|    | GENERAL ADJUNCT DIRECTOR |

 

First.-  The employee will lend his/her services as(3)

withthe professional category of DIRECTOR at the headquarters located atMONTEARAGON STREET, MADRID, SPAIN 

 

Second.-The work schedule shall be           FORTY           hours per weekfrom MONDAY to FRIDAY               withvacation time as legally established or as convenient.

 

Third.-  The employee shall receive a totalcompensation of 13,000,000                         pesetas(4) ANNUALLY                 thatshall be distributed in the following method (5)                             BASESALARY PLUS SUPPLEMENTS

 
| Fourth.-  The duration of the  present contract shall be INDEFINITE, starting from the business day and  there shall be established a                                                                                                                                                                                                                                                                                                                                                        |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| trial period of (6)                                                                              |   | 2-12-98 |

 

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(1)          Director, General, .... Etc.

(2)          Father, mother, or legal representative.

(3)          Indicate the profession

 

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(4)          Daily, weekly, monthly.

(5)          Base salary, supplemental salaries, bonuses.

(6)          In any case, one must respect Article 14.1 of the ConsolidatedText of the Law of Workers, approved by the legislature 1/1995, March 24(B.O.E. March 24)

(7)          Minimum of thirty natural days

 

Fifth.-  The duration of annual vacations shall be (7) THIRTYNATURAL DAYS

 

Sixth.-  Areas not foreseen or covered under thiscontract shall be decided by current law, particularly the law contained in theConsolidated Text of the Law of Workers.

 

Seventh.-  The present contract shall be registered inthe National Institute of Employment (INEM) SANTAMARCA- MADRID

 

ADDITIONAL CLAUSES

 

First.-  The company shall establish a premium for achievingobjectives where the amount, form of payment, and objectives shall befixed by set criteria.

 

Second.-  Theannual compensation shall be prorated in 12 monthly installments.

 

Andfor the record the contract shall be drawn up in triplicate and in the placeand date indicated as follows, signed by the interested parties.

 
|         | In MADRID on the TWELFTH of FEBRUARY     1998 |
|--------------|------------------------------------------------------------------------|
| The employee |                                                                   | The representative of the Firm, | The legal representative |
|         |                                                                   | of the firm | of the minor, if applicable |
|         |                                                                   | BELMAC LABORATORIES, S.A. |   |
|         |                                                                   |   |   |
| Signed:      | /s/ Adolfo Herrera                                                     |   |   | Signed:  | /s/ Clemente Gonzalez Azpeitia |   |
|              |                                                                        |  |  |  |  |  |  |

 

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