Document:

NGAS
Resources, Inc.

     

    FORM
OF AMENDMENT TO LONG TERM INCENTIVE AGREEMENT

     

    This
AMENDMENT TO LONG TERM INCENTIVE AGREEMENT (the “Amendment”) is
entered into as of December 23, 2010 between NGAS
Resources, Inc., a British Columbia corporation (the “Company”), and_______________
, the _____________ of the Company (the “Executive”).

     

    The
parties entered into a Long-Term Incentive Agreement dated as of
December 9, 2008 (the “Incentive
Agreement”), providing for the Incentive Payout and Stock Option
specified therein as an incentive to remain as an executive of the Company and
its subsidiaries.  The parties desire to amend the Incentive Agreement
as set forth below to ensure documentary compliance with Section 409A of
the Internal Revenue Code of 1986, as amended.

     

    NOW,
THEREFORE, in consideration of the foregoing, the parties agree as
follows:

     

    1.     Section
2.2 of the Incentive Agreement is hereby amended and restated as follows to
provide that payments shall be made in a single lump sum and no longer in
periodic installments at the election of the Executive:

     

    “2.2   Payment.  A
vested Incentive Payout shall be payable by the Company in cash in a single lump
sum the on the Initial Vesting Date, if applicable, and the Final Vesting Date
in the amounts provided under Section 2.1.”

     

    2.     The
following new paragraph is hereby added after Section 7 of the Incentive
Agreement:

     

    “8.    Section
409A.  The intent of the parties is that payments and benefits
under this Agreement (including all attachments, exhibits and annexes) comply
with Section 409A of the Internal Revenue Code of 1986, as amended (“Code
Section 409A”), to the extent subject
thereto.  Accordingly, to the maximum extent permitted, this Agreement
shall be interpreted and be administered to be in compliance with Code
Section 409A in all respects.  Notwithstanding anything to the
contrary in this Agreement, to the extent required in order to avoid accelerated
taxation and/or tax penalties under Code Section 409A, the Executive shall
not be considered to have terminated employment with the Company or its
subsidiaries for purposes of this Agreement, and no payment shall be due to the
Executive under this Agreement, until the Executive would be considered to have
incurred a “separation from service” from the Company and its subsidiaries
within the meaning of Code Section 409A.  In addition,
notwithstanding anything to the contrary in the Incentive Agreement, to the
extent that any payments to be made upon the Executive’s separation from service
would result in the imposition of any individual penalty tax imposed under Code
Section 409A, the payment shall instead be made on the first business day
after the earlier of (a) the date that is six (6) months following such
separation from service and (b) the Executive’s death.”

     

    3.     The
Incentive Agreement, as expressly modified hereby, shall remain in full force
and effect.

     

    [Signature
page follows]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
and year first above written.

     

    
      
        	 
      	
                NGAS
      RESOURCES, INC.

              
	 
      	 
      
	 
      	
                By

              	 
      
	 
      	 
      
	 
      	
                EXECUTIVE:

              
	 
      	 
      
	 
      	 
      

      

    

     

    Long Term
Incentive Agreement – Page 2NGAS Resources, Inc.

     

    FORM
OF AMENDMENT TO CHANGE OF CONTROL AGREEMENT

     

    This
AMENDMENT TO CHANGE OF CONTROL AGREEMENT (the “Amendment”) is
entered into as of December 23, 2010 between NGAS
Resources, Inc., a British Columbia corporation formerly named Daugherty
Resources, Inc. (the “Company”), and ______________,
the ______________ of the Company (the “Executive”).

     

    The
parties entered into a Change of Control Agreement dated as of February 25,
2004 (the “Change of
Control Agreement”), pursuant to which Executive is entitled to a
termination settlement payment in the event that, within five years following
any Change of Control, the Executive’s employment with the Company is terminated
by the Company other than for Cause or by the Executive for Good Reason or by
the death or Disability of Executive (as those terms are defined in the Change
of Control Agreement).  The parties desire to amend the Change of
Control Agreement as set forth below to ensure documentary compliance with
Section 409A of the Internal Revenue Code of 1986, as amended.

     

    NOW,
THEREFORE, in consideration of the foregoing, the parties agree as
follows:

     

    1.     Section
3 of the Change of Control Agreement is hereby amended and restated as follows
to provide that Executive’s termination settlement, to the extent it is required
to be paid, shall be made in a single lump sum and no longer in periodic
installments at the election of Executive:

     

    “3   
  Settlement
Payment.  The termination settlement provided under Section 2 shall be
payable by the Company in cash in a single lump sum on the effective date of
employment termination, subject to any applicable withholding
taxes.  The payment provided herein is intended as a termination
settlement and not as salary continuation.”

     

    2.     The
following new paragraph is hereby added after Section 10 of the Change of
Control Agreement:

     

    “11.   Section
409A.  The intent of the parties is that payments and benefits
under this Agreement (including all attachments, exhibits and annexes) comply
with Section 409A of the Internal Revenue Code of 1986, as amended (“Code
Section 409A”), to the extent subject
thereto.  Accordingly, to the maximum extent permitted, this Agreement
shall be interpreted and be administered to be in compliance with Code
Section 409A in all respects.  Notwithstanding anything to the
contrary in this Agreement, to the extent required in order to avoid accelerated
taxation and/or tax penalties under Code Section 409A, the Executive shall
not be considered to have terminated employment with the Company or its
subsidiaries for purposes of this Agreement, and no payment shall be due to the
Executive under this Agreement, until the Executive would be considered to have
incurred a “separation from service” from the Company and its subsidiaries
within the meaning of Code Section 409A.  In addition,
notwithstanding anything to the contrary in this Agreement, to the extent that
any payments to be made upon the Executive’s separation from service would
result in the imposition of any individual penalty tax imposed under Code
Section 409A, the payment shall instead be made on the first business day
after the earlier of (a) the date that is six (6) months following such
separation from service and (b) the Executive’s death.”

     

    3.      The
Change of Control Agreement, as expressly modified hereby, shall remain in full
force and effect.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
and year first above written.

     

    
      
        	 
      	
                NGAS
      RESOURCES, INC.

              
	 
      	 
      
	 
      	
                By

              	 
      
	 
      	 
      
	 
      	
                EXECUTIVE:

              
	 
      	 
      
	 
      	 
      

      

    

     

    
      
         

      

      
        2Exhibit
10.1

    

    EMPLOYMENT
AGREEMENT

    

    This Employment Agreement is made and
entered into effective as of January 1, 2011 (the “Effective Date”), by and
between Neoprobe Corporation,
a Delaware Corporation with a place of business at 425 Metro Place North,
Suite 300, Dublin, Ohio 43017-1367 (the “Company”) and [____________] (the
“Employee”).

    

    WHEREAS, the Company and the Employee
wish to establish new terms, covenants, and conditions for the Employee’s
continued employment with the Company through this agreement (“Employment
Agreement”).

    

    NOW, THEREFORE, in consideration of the
mutual agreements herein set forth, the parties hereto agree as
follows:

    

    
      
        	
              	
                1.

              	
                Duties.   From
      and after the Effective Date, and based upon the terms and conditions set
      forth herein, the Company agrees to employ the Employee and the Employee
      agrees to be employed by the Company, as [______________] of the Company
      and in such equivalent, additional or higher executive level position or
      positions as shall be assigned to him by the Company’s President and
      CEO.  While serving in such executive level position or
      positions, the Employee shall report to, be responsible to, and shall take
      direction from the President and CEO of the Company.  During the
      Term of this Employment Agreement (as defined in Section 2 below), the
      Employee agrees to devote substantially all of his working time to the
      position he holds with the Company and to faithfully, industriously, and
      to the best of his ability, experience and talent, perform the duties that
      are assigned to him.  The Employee shall observe and abide by
      the reasonable corporate policies and decisions of the Company in all
      business matters disclosed to
employee.

              

      

    

    

    
      	
               
      

            	
              The
      Employee represents and warrants to the Company that Exhibit A attached
      hereto sets forth a true and complete list of (a) all offices,
      directorships and other positions held by the Employee in corporations and
      firms other than the Company and its subsidiaries and (b) any investment
      or ownership interest in any corporation or firm other than the Company
      beneficially owned by the Employee (excluding investments in life
      insurance policies, bank deposits, publicly traded securities that are
      less than five percent (5%) of their class and real estate). The Employee
      will promptly notify the Board of Directors of the Company of any
      additional positions undertaken or investments made by the Employee during
      the Term of this Employment Agreement if they are of a type that if they
      had existed on the date hereof, should have been listed on Exhibit A
      hereto.  As long as the Employee’s other positions or
      investments in other firms do not create a conflict of interest, violate
      the Employee’s obligations under Section 7 below or cause the Employee to
      neglect his duties hereunder, such activities and positions shall not be
      deemed to be a breach of this Employment
  Agreement.

            

    

    

    
      	
               
      

            	
              2.

            	
              Term of this Employment
      Agreement.  Subject to Sections 4 and 5 hereof, the Term
      of this Employment Agreement shall be for a period
      [_____________________].

            

    

    

    
      	
               
      

            	
              3.

            	
              Compensation.  During
      the Term of this Employment Agreement, the Company shall pay, and the
      Employee agrees to accept as full consideration for the services to be
      rendered by the Employee hereunder, compensation consisting of the
      following:

            

    

    

    
      
        	
              	
                A.

              	
                Salary.  Beginning
      on the first day of the Term of this Employment Agreement, the Company
      shall pay the Employee a salary of [__________________] per year, payable
      in semi-monthly or monthly installments as requested by the
      Employee.

              

      

    

    

    
      
        	
              	
                B.

              	
                Bonus.  The
      Compensation, Nominating and Governance Committee (the “Committee”) of the
      Board of Directors will, on an annual basis, review the performance of the
      Company and of the Employee and will pay such bonus, as it deems
      appropriate, in its discretion, to the Employee based upon such
      review.  Such review and bonus shall be consistent with any
      bonus plan adopted by the Compensation Committee, which covers the
      executive officers and employees of the Company
  generally.

              

      

    

    

    
      
        	
              	
                C.

              	
                Benefits.  During
      the Term of this Employment Agreement, the Employee will receive such
      employee benefits as are generally available to all employees of the
      Company.

              

      

    

    

    
      
        	
              	
                D.

              	
                Stock
      Options.  The Committee of the Board of Directors may,
      from time-to-time, grant stock options, restricted stock purchase
      opportunities and such other forms of stock-based incentive compensation
      as it deems appropriate, in its discretion, to the Employee under the
      Company’s Second Amended and Restated 2002 Stock Incentive Plan (the “2002
      Plan”).  The terms of the relevant award agreements shall govern
      the rights of the Employee and the Company there under in the event of any
      conflict between such agreement and this Employment
    Agreement.

              

      

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    
      
        	
              	
                E.

              	
                Vacation.  The
      Employee shall be entitled to [______] days of vacation during each
      calendar year during the Term of this Employment
  Agreement.

              

      

    

    

    
      
        	
              	
                F.

              	
                Expenses.  The
      Company shall reimburse the Employee for all reasonable out-of-pocket
      expenses incurred by him in the performance of his duties hereunder,
      including expenses for travel, entertainment and similar items, promptly
      after the presentation by the Employee, from time-to-time, of an itemized
      account of such expenses.

              

      

    

    

    
      
        	
              	
                G.

              	
                Clawback
      Policy.  The Company’s obligation to pay any bonus or
      stock-based incentive compensation under paragraphs B. or D. of this
      Section 3, and the Employee’s right to receive or retain such
      compensation, shall be subject to any policy adopted by the Board of
      Directors or its Compensation, Nominating and Governance Committee (or any
      successor committee of the Board of Directors with authority over
      executive compensation) pursuant to the “clawback” provisions of Section
      304 of the Sarbanes-Oxley Act of 2002, Section 10D of the Securities
      Exchange Act of 1934, or regulations promulgated thereunder, or pursuant
      to any rule of any national securities exchange on which the equity
      securities of the Company are listed implementing Section 10D of the
      Securities Exchange Act of 1934, or regulations promulgated
      thereunder.

              

      

    

    

    
      	
               
      

            	
              4.

            	
              Termination.

            

    

    

    
      	
               
      

            	
              A.

            	
              For Cause. The Company
      may terminate the employment of the Employee prior to the end of the Term
      of this Employment Agreement “for cause.” Termination “for cause” shall be
      defined as a termination by the Company of the employment of the Employee
      occasioned by the failure by the Employee to cure a willful breach of a
      material duty imposed on the Employee under this Employment Agreement
      within 15 days after written notice thereof by the Company or the
      continuation by the Employee after written notice by the Company of a
      willful and continued neglect of a duty imposed on the Employee under this
      Employment Agreement.  In the event of termination by the
      Company “for cause,” all salary, benefits and other payments shall cease
      at the time of termination, and the Company shall have no further
      obligations to the Employee.

            

    

    

    
      	
               
      

            	
              B.

            	
              Resignation. If the Employee
      resigns for any reason, all salary, benefits and other payments (except as
      otherwise provided in paragraph G of this Section 4 below) shall cease at
      the time such resignation becomes effective.  At the time of any
      such resignation, the Company shall pay the Employee the value of any
      accrued but unused vacation time, and the amount of all accrued but
      previously unpaid base salary through the date of such
      termination.  The Company shall promptly reimburse the Employee
      for the amount of any expenses incurred prior to such termination by the
      Employee as required under paragraph F of Section 3
  above.

            

    

    

    
      
        	
              	
                C.

              	
                Disability, Death. The Company may
      terminate the employment of the Employee prior to the end of the Term of
      this Employment Agreement if the Employee has been unable to perform his
      duties hereunder or a similar job for a continuous period of six (6)
      months due to a physical or mental condition that, in the opinion of a
      licensed physician, will be of indefinite duration or is without a
      reasonable probability of recovery for a period of at least six (6)
      months.  The Employee agrees to submit to an examination by a
      licensed physician of his choice in order to obtain such opinion, at the
      request of the Company, made after the Employee has been absent from his
      place of employment for at least six (6) months.  The Company
      shall pay for any requested examination.  However, this
      provision does not abrogate either the Company’s or the Employee’s rights
      and obligations pursuant to the Family and Medical Leave Act of 1993, and
      a termination of employment under this paragraph C shall not be deemed to
      be a termination for cause.

              

      

    

    

    If during
the Term of this Employment Agreement, the Employee dies or his employment is
terminated because of his disability, all salary, benefits and other payments
shall cease at the time of death or disability, provided, however, that the
Company shall provide such health, dental and similar insurance or benefits as
were provided to Employee immediately before his termination by reason of death
or disability, to Employee or his family for the longer of twelve (12) months
after such termination or the full unexpired Term of this Employment Agreement
on the same terms and conditions (including cost) as were applicable before such
termination.  In addition, for the first six (6) months of disability,
the Company shall pay to the Employee the difference, if any, between any cash
benefits received by the Employee from a Company-sponsored disability insurance
policy and the Employee’s salary hereunder in accordance with paragraph A of
Section 3 above.  At the time of any such termination, the Company
shall pay the Employee, the value of any accrued but unused vacation time, and
the amount of all accrued but previously unpaid base salary through the date of
such termination.  The Company shall promptly reimburse the Employee
for the amount of any expenses incurred prior to such termination by the
Employee as required under paragraph F of Section 3 above.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    Notwithstanding
the foregoing, if the Company reasonably determines that any of the benefits
described in this paragraph C may not be exempt from federal income tax, then
for a period of six (6) months after the date of the Employee’s termination, the
Employee shall pay to the Company an amount equal to the stated taxable cost of
such coverages. After the expiration of the six-month period, the Employee shall
receive from the Company a reimbursement of the amounts paid by the
Employee.

    

    Termination without Cause. A
termination without cause is a termination of the employment of the Employee by
the Company that is not “for cause” and not occasioned by the resignation, death
or disability of the Employee.  If the Company terminates the
employment of the Employee without cause, (whether before the end of the Term of
this Employment Agreement or, if the Employee is employed by the Company under
paragraph E of this Section 4 below, after the Term of this Employment Agreement
has ended) the Company shall, at the time of such termination, pay to the
Employee the severance payment provided in paragraph F of this Section 4 below
together with the value of any accrued but unused vacation time and the amount
of all accrued but previously unpaid base salary through the date of such
termination and shall provide him with all of his benefits under paragraph C of
Section 3 above for the greater of twelve (12) months or the full unexpired term
of the employment agreement.  The Company shall promptly reimburse the
Employee for the amount of any expenses incurred prior to such termination by
the Employee as required under paragraph F of Section 3 above.

    

    If the
Company terminates the employment of the Employee because it has ceased to do
business or substantially completed the liquidation of its assets or because it
has relocated to another city and the Employee has decided not to relocate also,
such termination of employment shall be deemed to be without cause.

    

    
      
        	
              	
                E.

              	
                End of the Term of this
      Employment Agreement.  Except as otherwise provided in
      paragraphs F and G of this Section 4 below, the Company may terminate the
      employment of the Employee at the end of the Term of this Employment
      Agreement without any liability on the part of the Company to the Employee
      but, if the Employee continues to be an employee of the Company after the
      Term of this Employment Agreement ends, his employment shall be governed
      by the terms and conditions of this Agreement, but he shall be an employee
      at will and his employment may be terminated at any time by either the
      Company or the Employee without notice and for any reason not prohibited
      by law or no reason at all.  If the Company terminates the
      employment of the Employee at the end of the Term of this Employment
      Agreement, the Company shall, at the time of such termination, pay to the
      Employee the severance payment provided in paragraph F of this Section 4
      below together with the value of any accrued but unused vacation time and
      the amount of all accrued but previously unpaid base salary through the
      date of such termination. The Company shall promptly reimburse the
      Employee for the amount of any reasonable expenses incurred prior to such
      termination by the Employee as required under paragraph F of Section 3
      above.

              

      

    

    

    
      	
               
      

            	
              F.

            	
              Severance.   If
      the employment of the Employee is terminated by the Company, at the end of
      the Term of this Employment Agreement or, without cause (whether before
      the end of the Term of this Employment Agreement or, if the Employee is
      employed by the Company under paragraph E of this Section 4 above, after
      the Term of this Employment Agreement has ended), the Employee shall be
      paid, as a severance payment at the time of such termination, the amount
      of [_____________] together with the value of any accrued but unused
      vacation time.

            

    

    

    
      
        
          	
                	
                  G.

                	
                  Change of Control
      Severance.  In addition to the rights of the Employee
      under the Company’s employee benefit plans (paragraphs C of Section 3
      above) but in lieu of any severance payment under paragraph F of this
      Section 4 above, if there is a Change in Control of the Company (as
      defined below) and the employment of the Employee is concurrently or
      subsequently terminated (a) by the Company without cause, (b) by the
      expiration of the Term of this Employment Agreement, or (c) by the
      resignation of the Employee because he has reasonably determined in good
      faith that his titles, authorities, responsibilities, salary, bonus
      opportunities or benefits have been materially diminished, that a material
      adverse change in his working conditions has occurred, that his services
      are no longer required in light of the Company’s business plan, or the
      Company has breached this Employment Agreement, the Company shall pay the
      Employee, as a severance payment, at the time of such termination, the
      amount of [_________] together with the value of any accrued but unused
      vacation time, and the amount of all accrued but previously unpaid base
      salary through the date of termination and shall provide him with all of
      this benefits under paragraph C of Section 3 above for the longer of
      twelve (12) months or the full un-expired Term of this Employment
      Agreement. The Company shall promptly reimburse the Employee for the
      amount of any expenses incurred prior to such termination by the Employee
      as required under paragraph F of Section 3
  above.

                

        

      

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    For the
purpose of this Employment Agreement, a Change in Control of the Company has
occurred when:  (a) any person (defined for the purposes of this
paragraph G to mean any person within the meaning of Section 13 (d) of the
Securities Exchange Act of 1934 (the “Exchange Act”)), other than Neoprobe, an
employee benefit plan created by its Board of Directors for the benefit of its
employees, or a participant in a transaction approved by its Board of Directors
for the principal purpose of raising additional capital, either directly or
indirectly, acquires beneficial ownership (determined under Rule 13d-3 of the
Regulations promulgated by the Securities and Exchange Commission under Section
13(d) of the Exchange Act) of securities issued by Neoprobe having thirty
percent (30%) or more of the voting power of all the voting securities issued by
Neoprobe in the election of Directors at the next meeting of the holders of
voting securities to be held for such purpose; (b) a majority of the Directors
elected at any meeting of the holders of voting securities of Neoprobe are
persons who were not nominated for such election by the Board of Directors or a
duly constituted committee of the Board of Directors having authority in such
matters; (c) the stockholders of Neoprobe approve a merger or consolidation of
Neoprobe with another person other than a merger or consolidation in which the
holders of Neoprobe’s voting securities issued and outstanding immediately
before such merger or consolidation continue to hold voting securities in the
surviving or resulting corporation (in the same relative proportions to each
other as existed before such event) comprising eighty percent (80%) or more of
the voting power for all purposes of the surviving or resulting corporation; or
(d) the stockholders of Neoprobe approve a transfer of substantially all of the
assets of Neoprobe to another person other than a transfer to a transferee,
eighty percent (80%) or more of the voting power of which is owned or controlled
by Neoprobe or by the holders of Neoprobe’s voting securities issued and
outstanding immediately before such transfer in the same relative proportions to
each other as existed before such event.  The parties hereto agree
that for the purpose of determining the time when a Change of Control has
occurred that if any transaction results from a definite proposal that was made
before the end of the Term of this Employment Agreement but which continued
until after the end of the Term of this Employment Agreement and such
transaction is consummated after the end of the Term of this Employment
Agreement, such transaction shall be deemed to have occurred when the definite
proposal was made for the purposes of the first sentence of this paragraph G of
this Section 4. Notwithstanding the foregoing, before the Employee may resign
pursuant to Section 4(G) (c) above, the Employee shall deliver to the Company a
written notice of the Employee’s intent to terminate his employment pursuant to
Section 4(G)(c), and the Company shall have been given a reasonable opportunity
to cure any such act, omission or condition within Thirty (30) days after the
Company’s receipt of such notice.

     

    
      
        	
              	
                H.

              	
                Benefit and Stock
      Plans.  In the event that a benefit plan or Stock Plan
      which covers the Employee has specific provisions concerning termination
      of employment, or the death or disability of an employee (e.g., life insurance or
      disability insurance), then such benefit plan or Stock Plan shall control
      the disposition of the benefits or stock
  options.

              

      

    

    

    
      
        
          	
                	
                  5.

                	
                  Proprietary Information
      Agreement.  Employee has executed a Proprietary
      Information Agreement as a condition of employment with the
      Company.  The Proprietary Information Agreement shall not be
      limited by this Employment Agreement in any manner, and the Employee shall
      act in accordance with the provisions of the Proprietary Information
      Agreement at all times during the Term of this Employment
      Agreement.

                

        

      

    

    

    
      
        
          	
                	
                  6.

                	
                  Non-Competition.  Employee
      agrees that for so long as he is employed by the Company under this
      Employment Agreement and for one (1) year thereafter, the Employee will
      not:

                

        

      

    

    

    
      
        	
              	
                A.

              	
                enter
      into the employ of or render any services to any person, firm, or
      corporation, which is engaged, in any part, in a Competitive Business (as
      defined below);

              

      

    

    

    
      
        	
              	
                B.

              	
                engage
      in any directly Competitive Business for his own
  account;

              

      

    

    

    
      
        
          	
                	
                  C.

                	
                  become
      associated with or interested in through retention or by employment any
      Competitive Business as an individual, partner, shareholder, creditor,
      director, officer, principal, agent, employee, trustee, consultant,
      advisor, or in any other relationship or capacity;
  or

                

        

      

    

    

    
      
        
          	
                	
                  D.

                	
                  solicit,
      interfere with, or endeavor to entice away from the Company, any of its
      customers, strategic partners, or sources of
  supply.

                

        

      

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
 

    
      	
               
      

            	
              Nothing
      in this Employment Agreement shall preclude Employee from taking
      employment in the banking or related financial services industries nor
      from investing his personal assets in the securities or any Competitive
      Business if such securities are traded on a national stock exchange or in
      the over-the-counter market and if such investment does not result in his
      beneficially owning, at any time, more than one percent (1%) of the
      publicly-traded equity securities of such Competitive
      Business.  “Competitive Business” for purposes of this
      Employment Agreement shall mean any business or enterprise
      which:

            

    

    

    
      	
               
      

            	
              a.

            	
              is
      engaged in the development and/or commercialization of gamma radiation
      detection products and/or systems for use in intraoperative detection of
      cancer, or

            

    

    

    
      	
               
      

            	
              b.

            	
              reasonably
      understood to be competitive in the relevant market with products and/or
      systems described in clause a above,
    or

            

    

    

    
      	
               
      

            	
              c.

            	
              the
      Company engages in during the Term of this Employment Agreement pursuant
      to a determination of the Board of Directors and from which the Company
      derives a material amount of revenue or in which the Company has made a
      material capital investment.

            

    

    

    
      	
               
      

            	
              The
      covenant set forth in this Section 6 shall terminate immediately upon the
      substantial completion of the liquidation of assets of the Company or the
      termination of the employment of the Employee by the Company without cause
      or at the end of the Term of this Employment
  Agreement.

            

    

    

    
      	
               
      

            	
              7.

            	
              Arbitration.  Any
      dispute or controversy arising under or in connection with this Employment
      Agreement shall be settled exclusively by arbitration in Columbus, Ohio,
      in accordance with the non-union employment arbitration rules of the
      American Arbitration Association (“AAA”) then in effect.  If
      specific non-union employment dispute rules are not in effect, then AAA
      commercial arbitration rules shall govern the dispute.  If the
      amount claimed exceeds $100,000, the arbitration shall be before a panel
      of three arbitrators.  Judgment may be entered on the
      arbitrator’s award in any court having jurisdiction.  The
      Company shall indemnify the Employee against and hold him harmless from
      any attorney’s fees, court costs and other expenses incurred by the
      Employee in connection with the preparation, commencement, prosecution,
      defense, or enforcement of any arbitration, award, confirmation or
      judgment in order to assert or defend any right or obtain any payment
      under paragraph C of Section 4 above or under this sentence; without
      regard to the success of the Employee or his attorney in any such
      arbitration or proceeding.

            

    

    

    
      	
               
      

            	
              8.

            	
              Governing
      Law.  The Employment Agreement shall be governed by and
      construed in accordance with the laws of the State of
  Ohio.

            

    

    

    
      	
               
      

            	
              9.

            	
              Validity.  The
      invalidity or unenforceability of any provision or provisions of this
      Employment Agreement shall not affect the validity or enforceability of
      any other provision of the Employment Agreement, which shall remain in
      full force and effect.

            

    

    

    
      
        	
              	
                10.

              	
                Compliance with Section 409A of
      the Internal Revenue Code.  For purposes of this
      Agreement, the Employee's employment with the Company will be considered
      to have terminated only if such termination constitutes a “separation from
      service” as defined under Section 409A(a)(2)(A)(i) of the Internal Revenue
      Code of 1986, as amended  (the “Code”). If, when the Employee's
      employment with the Company terminates, the Employee is a "specified
      employee" as defined in Section 409A(a)(2)(B)(i) of the Code, and if any
      payments under this Employment Agreement, including payments under Section
      4, will result in additional tax or interest to the Employee under Section
      409A(a)(1)(B) ("Section 409A Penalties"), then despite any provision of
      this Employment Agreement to the contrary, the Employee will not be
      entitled to payments until the earliest of (a) the date that is at least
      six months after termination of the Employee's employment for reasons
      other than the Employee's death, (b) the date of the Employee's death, or
      (c) any earlier date that does not result in Section 409A Penalties to the
      Employee.  As soon as practicable after the end of the period
      during which payments are delayed under this provision, the entire amount
      of the delayed payments shall be paid to the Employee in a lump
      sum.  Additionally, if any provision of this Employment
      Agreement would subject the Employee to Section 409A Penalties, the
      Company will apply such provision in a manner consistent with Section 409A
      of the Code during any period in which an arrangement is permitted to
      comply operationally with Section 409A of the Code and before a formal
      amendment to this Employment Agreement is
      required.  

              

      

    

    

    
      
        	
              	
                11.

              	
                Entire
      Agreement.  This Employment Agreement constitutes the
      entire understanding between the parties with respect to the subject
      matter hereof, superseding all negotiations, prior discussions, and
      preliminary agreements.  This Employment Agreement may not be
      amended except in writing executed by the parties
  hereto.

              

      

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
 

    
      
        	
              	
                12.

              	
                Effect on Successors of
      Interest.  This Employment Agreement shall inure to the
      benefit of and be binding upon heirs, administrators, executors,
      successors and assigns of each of the parties
      hereto.  Notwithstanding the above, the Employee recognizes and
      agrees that his obligation under this Employment Agreement may not be
      assigned without the consent of the
Company.

              

      

    

    

    IN WITNESS WHEREOF, the
parties hereto have executed and delivered this Employment Agreement as of the
date first written above.

    

    
      
        
          
            
              
                
                  	
                          NEOPROBE
      CORPORATION

                        	 	
                          EMPLOYEE

                        	 
	 
      	 
      	 	 
      	 
	 
      	 
      	 	 
      	 
	
                          By:

                        	   
      	 	  
        	 
	 	 	 	 	 
	 
      	
                          David
      C. Bupp, President and CEO

                        	 	
                          [__________]

                        	 

                

              

            

          

        

      

    

     

    

     

    

     

    

     

    

     

    
      
        
        

      

      
        6

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