Unassociated Document


    Scott
      Langille Employment Agreement of April 15, 2006

    Agreement
      Amendments of December 18, 2006

     

     

    
       

      
        	1)	
                Section
                  6.2 currently reads: 

                "
                  ViRexx will grant to Langille an option to purchase one hundred
                  and fifty
                  thousand (150,000) common shares
                  of ViRexx at an option exercise price per share equal to the closing
                  price
                  of ViRexx's common shares on the  Toronto
                  Stock Exchange on the date this Agreement becomes effective (the
                  "Stock
                  Option"), subject to the provisions  of
                  ViRexx's stock options agreement and all applicable regulations
                  and laws.
                  The one hundred and fifty thousand (150,000)
                  Options shall vest in equal 1/3 amounts over a three (3) year period
                  as
                  follows:       

              


      

         

       

      10-Apr-07  50,000      

      10-Apr-08  50,000      

      10-Apr-09  50,000      

       

      
        	
              	
                Section6.2
                  revised to read: 
                  
                  "
                    ViRexx will grant to Langille an option to purchase one
                    hundred and fifty thousand (150,000) common shares of ViRexx at an
                    option exercise price per share equal to the closing price of
                    ViRexx's
                    common shares on the Toronto Stock Exchange on December 14, 2006
                    (the
                    "Stock Option"), subject to the provisions  of ViRexx's stock
                    options agreement and all applicable regulations and laws. The
                    one hundred
                    and fifty thousand (150,000) Options shall vest in equal 1/3
                    amounts over
                    a three (3) year period as
                    follows:        

                

              


      

        

       

      14-Dec-06  50,000      

      14-Dec-07  50,000      

      14-Dec-08  50,000      

       

      
        	2)	
                Section
                  10.3 currently reads: 

                  "ViRexx
                    may, at its option, terminate Langille's employment pursuant
                    to this
                    Agreement in its sole discretion  for
                    any reason, without cause, upon providing Langille with one (1)
                    year's
                    notice or payment in lieu thereof, which shall
                    be inclusive of all notice required pursuant to the Employment
                    Standards
                    Code, Alberta. If ViRexx terminates Langille's
                    employment without just cause and provides him with the above
                    described
                    notice, or pay in lieu of notice,  Langille
                    agrees that he will no further claims against ViRexx. All benefits
                    and
                    allowances set out in Article 5,Article
                    6 and Article 7 above shall cease as of Langille's last day of
                    work,
                    subject to any conversion rights available to Langille
                    under Virexx group benefit plan. If notice is given to langille
                    by ViRexx
                    and such notice contemplates that Langille
                    will remain at ViRexx to perform his duties until the notice
                    period ends,
                    Langille shall be given reasonable time
                    to conduct a new job search and engage in interviews with prospective
                    employers."         

                

              


      

        

       

      
        	 	
                Section
                  10.3 revised to read: 

                  "ViRexx
                    may, at its option, terminate Langille's employment pursuant
                    to this
                    Agreement in its sole discretion  for
                    any reason, without cause, upon providing Langille 12 months
                    payment of
                    current salary which shall be  inclusive
                    of all notice required pursuant to the Employment Standards Code,
                    Alberta.
                    Medical benefits will continue for
                    90 days after termination. If terminated, ViRexx will reimburse
                    Langille
                    for all relocation expenses back to Ontario If
                    ViRexx terminates Langille's employment and provides him with
                    12 months
                    payment of current salary + relocation expenses,
                    Langille agrees that he will have no further claims against
                    ViRexx.         

                

              


      

         

       

      
        	3)	
                New
                  Section: Home Office 

                  Langille
                    will work out of home office located in Elora Ontario 2 of every
                    4 weeks
                    per month. The company will pay for return
                    flights to Toronto 2 per month. Where possible Langille will
                    coordinate
                    flights to home office with Investor Relations work
                    in Toronto and New York to save on travel costs. The company
                    will
                    reimburse all costs associated with  
Langille
                    maintaining his condominium in Edmonton (which replaces hotel
                    and meal
                    costs - see attached analysis), as
                    well as the costs of setting up and maintaining a home office
                    in Ontario
                    (for example purchase of a fax machine, direct
                    phone line, long distance costs etc.). The company will reimburse
                    Langille
                    for the transport of his vehicle back to
                    Ontario for use while at home office.        

                

              


      

             

       

      
        	4)	
                New
                  Section: Revised Bonus for 2007 

                Langille's
                  current project bonus of 20% of current salary will be
                  increased to 25% of currently salary for 2007

                 

                Agreement
                  Amendments Accepted:       

              


      

         

       

       

                      

      Lorne
        Tyrrell   Scott
        Langille     

      18-Dec-06    18-Dec-06