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| 1. | EMPLOYMENTDUTIES |
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| 2. | EMPLOYMENT      TERM |
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| 3. | COMPENSATION |
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|             (a) | (i) The Corporation      shall pay Employee an annual base salary (“Base Salary”) of three hundred      thousand dollars ($300,000) per annum, payable in accordance with the      usual payroll period of the Corporation.  The base salary shall      be reviewed at the start of each calendar year for the purposes of      determining increases, if any. |
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| 4. | REPRESENTATIONS AND      WARRANTIES BY EMPLOYEE ANDCORPORATION |
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| 5. | NON-COMPETITION |
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|   | (a) | Employee      understands and recognizes that his services to the Corporation are      special and unique and agrees that, during the term of this Agreement and      for a period of two (2) years following the termination of the Employee’s      employment with the Corporation (or one (1) year in the event that the      Employee is terminated within 1 year of the Effective Date), employee      shall not in any manner, directly or indirectly, on behalf of himself or      any person, firm, partnership, joint venture, corporation or other      business entity (“Person”), enter into or engage in any business      competitive with the Corporation’s business or research activities, either      as an individual for his own account, or as a partner, joint venturer,      executive, agent, consultant, salesperson, officer, director of a Person      operating or intending to operate in the area of the use of any of the      compounds owned or licensed by the Corporation during the time of his      employ. |
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|   | (b) | During the Term and for two      (2) years (or one (1) year in the event that the Employee is terminated      within 1 year of the Effective Date) following the termination of the      Employee’s employment with the Corporation, Employee shall not, directly      or indirectly, without the prior written consent of the      Corporation: |
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| 6. | CONFIDENTIAL      INFORMATION |
|----|-------------------------------|

|   | (a) | Employee      agrees that during the course of his employment or at any time after      termination, he will | not      disclose or make accessible to any other person, the Corporation’s or any      of its subsidiaries’ or | affiliates’,      (collectively the “Affiliates”) products, services and technology, both      current and under development, promotion and marketing programs, business      plans, lists, customer lists, product or licensing opportunities, investor      lists, trade secrets and other confidential and proprietary business      information of the Corporation or the Affiliates. Employee agrees: (i) not      to use any such information for himself or others; and (ii) not to take      any such material or reproductions thereof in any form or media from the      Corporation’s facilities at any time during his employment by the      Corporation, except as required in Employee’s duties to the Corporation.      Employee agrees immediately to return all such material and reproductions      thereof in his possession to the Corporation upon request and in any event      upon termination of employment. |
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|   | (c) | Employee      hereby assigns to the Corporation all right, title and interest he may      have or acquire in all inventions (including patent rights) developed by      Employee during the term of this Agreement (hereinafter the “Inventions”)      and agrees that all Inventions shall be the sole property of the      Corporation and its assigns, and the Corporation and its assigns shall be      the sole owner of all patents, copyrights and other rights in connection      therewith. Employee further agrees to assist the Corporation in every      proper way (but at the Corporation’s expense) to obtain and from time to      time enforce patents, copyrights or other rights on said Inventions in any      and all countries. Employee hereby irrevocably designates counsel to the      Corporation as Employee’s agent and attorney-in-fact to do all lawful acts      necessary to apply for and obtain patents and copyrights and to enforce      the Corporation’s rights under this Section. This Section shall survive      the termination of this Agreement for any  reason. |
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|   | (d) | The      Employee recognizes that in the course of his duties hereunder, he may      receive from Affiliates or others information which may be considered      ‘material, nonpublic information” concerning a public company that is      subject to the reporting requirements of the Securities and Exchange Act      of 1934, as amended. The Employee agrees notto: |
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| 7. | TERMINATION |
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| (A)   | Material      diminution of base salary; |
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| (B)   | Material      diminution of the Employee’s authority, duties or      responsibilities; |
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| (C)   | Material      change in the geographic location in which the Employee provides services      to the Corporation; or |
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| (D)   | Material      breach by the Corporation of any provision of this Agreement which is not      cured by the Corporation within thirty (30) days of notice thereof from      the Employee. |
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