Document:

Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this “Agreement”) is entered into by and
between Mannatech, Incorporated (the “Company”) and Alfredo Bala (the “Employee”), and has an effective date of October 1, 2007, (“Effective Date”). The Company desires to employ the Employee, and the Employee
desires to be employed by the Company. Therefore, in consideration of the mutual promises and agreements contained herein, the Company and the Employee (collectively, the “Parties”) hereby agree as follows: 
 SECTION 1. 
 EMPLOYMENT 

 1.1. Employment. The Company hereby employs the Employee, and the Employee hereby accepts employment by the Company, for the
period and upon the other terms and conditions contained in this Agreement. 
 1.2. Office and Duties. The Employee shall serve
as Senior Vice President Global Sales and Marketing of the Company, with the authority, duties and responsibilities described herein and those customarily incident to such office. The Employee shall report directly to the Chief Executive Officer of
the Company (the “CEO”) and shall perform such other services, duties and responsibilities commensurate with Employee’s position as may from time to time be assigned to Employee by the CEO or the Board of Directors of the Company (the
“Board”). 
 1.3. Performance. During Employee’s employment under this Agreement, the Employee shall devote on a
full-time basis all of his time, energy, skill and best efforts to the performance of Employee’s duties hereunder in a manner that will faithfully and diligently further the business and interests of the Company. The Employee may, however,
engage in civic, charitable, and professional or trade activities so long as those activities do not interfere with the performance of Employee’s duties hereunder. The Employee shall comply with the employee policies and written manuals of the
Company that are applicable generally to executive employees of the Company, as they exist and/or are modified from time to time. In the event of conflict or inconsistency between this Agreement and the employee policies and written manuals of the
Company, the terms of this Agreement shall govern. Except as specifically contemplated herein, the Employee shall not work either on a part-time or independent contractor basis for any other business or enterprise during the Term of Employment.

 1.4. Place of Work. The Employee shall perform services under this Agreement at the Company’s principal office in the
City of Coppell, Dallas County, Texas, and at such other place or places as the Employee’s duties and responsibilities may require. The Employee 

  

 Page 1 of 19 

 
understands and agrees that Employee may be required to travel in connection with the performance of his duties. 
 1.5. Directors’ and Officers’ Liability Insurance. To the extent that the Company maintains one or more policies of
directors’ and officers’ liability insurance during the Employee’s employment under this Agreement (the “D&O Policies”), then the Company will provide the Employee coverage under the D&O Policies for acts or
omissions by the Employee in the performance of his duties to the Company under this Agreement as an officer of the Company. 
 1.6.
Indemnity. As of the Effective Date, the Company shall defend, indemnify and hold harmless the Employee against all claims, actions, lawsuits, judgments, penalties, fines, settlements and reasonable expenses that are filed, pursued, or
otherwise sought by third parties, as applicable, in any proceeding resulting from the performance of the Employee’s duties to the Company under this Agreement. 
 1.7. Exclusive Employment. Without limiting Section 1.3 hereof, during the term of employment, the Employee will not, without the prior written consent of the Board: 
 a. serve as a spokesman, representative, employee, consultant, agent, officer, or member of any board of directors (or any similar governing body) for
any for-profit business other than the Company; 
 b. serve as a spokesman, representative, employee, owner, consultant, agent, officer, or
member of any board of directors (or any similar governing body) for any business which is a supplier to the Company or which competes with the Company, in each case whether directly or indirectly; 
 c. own any equity or economic interest in any company that competes directly or indirectly with the Company, except that this does not preclude ownership
of less than 5% of the outstanding equity securities of any public reporting company; or 
 d. promote or endorse at Company business
functions any other organization(s) with which Employee may be associated or affiliated. 
 SECTION 2. 
 EMPLOYMENT TERM 
 2.1.
Term. The term of the Employee’s employment under this Agreement commences on the Effective Date and shall continue through two (2) years, unless terminated earlier by either Party by the Company or Employee giving at least
30 days’ prior written notice of termination, for any or no reason, to the other Party (“Notice of Early Termination”) or unless terminated earlier in accordance with Section 8 hereof. If a Notice of Early Termination is given in
accordance with the preceding sentence, then (a) the term of employment under this Agreement will continue until the expiration of the notice period specified in the Notice of Early Termination, and (b) the Company may instruct the
Employee not to come into the Company’s 

  

 Page 2 of 19 

 
offices or to attend any of the Company’s business functions through the last date of employment, and the Employee’s following such instruction
will not constitute Cause for termination or otherwise impair the Employee’s rights hereunder. If the Agreement is not terminated by either Party as provided for herein, it will renew for successive one (1) year terms, unless either Party
gives the other at least thirty (30) days’ prior written notice of its intent not to renew. 
 SECTION 3. 
 COMPENSATION FOR EMPLOYMENT 
 3.1. Base Salary. The base salary of the Employee for all of Employee’s services, duties and responsibilities to the Company and all of Employee’s agreements and covenants with or to the Company under this Agreement
shall be at the annual rate of $275,000, which the Company shall pay to the Employee in equal installments in accordance with its normal payroll policies. 
 a. Employee’s performance and salary shall be reviewed by the CEO and the Compensation Committee annually in accordance with the Company’s annual performance review process. 
 b. Employee’s Base Salary for any partial year will be prorated based upon the number of days elapsed in such year. Employee’s pay may be
raised by the Company from time to time as the Company deems appropriate in its sole discretion, by way of an addendum or other documentation, without otherwise effecting this Agreement. Notwithstanding any pay increase, the employment of Employee
shall be construed as continuing under this Agreement. 
 3.2. Annual Bonus. During Employee’s employment under this
Agreement, the Employee is also eligible to participate in the Company’s annual executive bonus program (the “Executive Bonus Program”). The opportunity to earn a bonus and the amount of any bonus compensation under the Executive
Bonus Program will be determined in accordance with criteria established by the Board or the Compensation Committee, which will comply with the requirements of Section 409A of the Internal Revenue Code, unless the payment of the bonus is exempt
as not constituting a deferral of income. The Employee acknowledges that any bonus compensation under the Bonus Program will be discretionary, with the sole discretion resting with the Board or the Compensation Committee. Further, unless otherwise
determined by the Compensation Committee, the Employee must remain employed by the Company at the time the bonus is paid in order to be eligible to receive the bonus. 
 3.3. Payment and Reimbursement of Work-Related Expenses. During Employee’s employment under this Agreement, the Company shall pay or reimburse the Employee, in accordance with the applicable
policies and procedures of the Company, for all reasonable travel and other reasonable expenses incurred by the Employee in performing his obligations under this Agreement, provided that the Employee properly accounts for such expenses in accordance
with the regular policies of the Company. 
  

 Page 3 of 19 

 3.4. Relocation Allowance. In the event it is necessary for Employee to relocate
residences, the Company shall pay the Employee’s actual relocation expenses, or Mannatech shall enlist the services of the MI Group or any other bonded and insured relocation service provider, such at Mannatech’s discretion. All expenses
must be pre-approved before being incurred. 
 3.5. Health Insurance/401(k). During Employee’s employment under this
Agreement, the Employee shall be entitled to participate in or receive benefits under any employee-benefit plan or arrangement made available by the Company to its employees generally (including any medical, dental, short-term and long-term
disability, life insurance and 401(k) programs), subject to eligibility conditions or requirements and to the terms, conditions and overall administration of each of such plans and arrangements. Nothing in this Agreement will preclude the Company
from amending or terminating any of the benefit plans or programs applicable to Employee as long as such amendment or termination is applicable to all similarly situated employees, without otherwise effecting this Agreement. Notwithstanding any
change in benefits, the employment of Employee shall be construed as continuing under this Agreement. 
 3.6. Executive Vehicle
Program. During Employee’s employment under this Agreement, the Employee will also be eligible to participate in the Company’s executive vehicle program, subject to all of its terms, regarding a vehicle with a lease cost to the
Company no greater than that afforded to other similarly situated executive officers of the Company, with auto liability insurance coverage (comprehensive, collision and liability) for the leased vehicle paid by the Company and all routine and
necessary repairs to the leased vehicle paid for by the Company or reimbursed to the Employee, subject to approval by the Chief Financial Officer of the Company. 
 3.7. Vacation. During Employee’s employment under this Agreement, the Employee shall be entitled to 20 days of paid vacation annually, in accordance with the regular policies of the Company.

 3.8. Tax Withholding. The Company may deduct from any compensation or other amount payable to the Employee under this
Agreement social security (FICA) taxes and all federal, state, municipal, or other such taxes or governmental charges as may now be in effect or that may hereafter be enacted or required. 
 SECTION 4. 
 CONFIDENTIAL INFORMATION 
 4.1. Definition of “Confidential Information.” 
 a. “Confidential Information” means material, data, ideas, inventions, formulae, patterns, compilations, programs, devices, methods, techniques, processes, know how, plans (marketing, business, strategic,
technical or otherwise), arrangements, pricing and/or other information of or relating to the Company (as well as its customers and/or vendors) that is confidential, proprietary, and/or a trade secret (a) by its nature, (b) based on how it
is treated or designated by the Company, (c) such that its appropriation, use or disclosure would have a 

  

 Page 4 of 19 

 
material adverse effect on the business or planned business of the Company, or (d) as a matter of law. All Confidential Information is the property of
the Company, the appropriation, use and/or disclosure of which is governed and restricted by this Agreement. 
 b. Exclusions.
Confidential Information does not include material, data, and/or information that (i) the Company has voluntarily placed in the public domain; (ii) has been lawfully and independently developed and publicly disclosed by third parties;
(iii) constitutes the knowledge and skills gained by Employee during the Employment Period; or (iv) otherwise enters the public domain through lawful means; provided, however, that the unauthorized appropriation, use, or disclosure of
Confidential Information by Employee, directly or indirectly, shall not affect the protection and relief afforded by this Agreement regarding such information. 
 4.2. Provision of Confidential Information. Irrespective of the Term of Employment, and in consideration of the Employee’s promises in Section 4.3 of this Agreement, the Company promises to
immediately provide the Employee with access to Confidential Information, including (but not limited to) the new Confidential Information that the Company is separately and concurrently providing to the Employee. The Parties stipulate and agree that
Employee has never before seen or had access to the new Confidential Information referenced herein. 
 4.3. Protection of Confidential
Information. Both during and after the Employment Period, the Employee shall not in any manner, directly or indirectly: (i) appropriate, download, print, copy, remove, use, disclose, divulge, or communicate Confidential Information to
any Person, including (without limitation) originals or copies of any Confidential Information, in any media or format, except for the Company’s benefit within the course and scope of the Employee’s employment or with the prior written
consent of the CEO; or (ii) take or encourage any action which would circumvent, interfere with or otherwise diminish the value or benefit of Confidential Information to the Company. The Employee agrees to use Employee’s best efforts and
utmost diligence to protect and safeguard the Confidential Information as prescribed in this Section 4. Notwithstanding any other provision of this Agreement, the Employee acknowledges. 
 4.4. Return and Review of Information. 
 a. Company Property. All Confidential Information and other information and property affecting or relating to the business of the Company within the Employee’s possession, custody or control, regardless of
form or format, shall remain at all times the property of the Company. 
 b. Upon Request. At any time that the Company may request,
during or after the Employment Period, the Employee shall deliver to the Company all Confidential Information and other information and property affecting or relating to the business of the Company within Employee’s possession, custody or
control, regardless of form or format. Both during and after the Employment Period, the Company shall have the right of reasonable access to review, inspect, copy, and/or confiscate any Confidential Information within the Employee’s possession,
custody or control. 
  

 Page 5 of 19 

 c. Upon Termination. The Employee shall return to the Company all Confidential Information and
other information and property affecting or relating to the business of the Company within the Employee’s possession, custody or control, regardless of form or format, without the necessity of a request, forthwith upon resignation or
termination of Employee’s employment, regardless of whether the resignation or termination is voluntary, involuntary, for Cause or not for Cause. 
 4.5. Response to Third Party Requests. Upon receipt of any formal or informal request, by legal process or otherwise, seeking the Employee’s direct or indirect disclosure or production of any
Confidential Information to any Person, the Employee shall promptly and timely notify the Company and provide a description and, if applicable, hand deliver a copy of such request to the Company. The Employee irrevocably nominates and appoints the
Company, as the Employee’s true and lawful attorney-in-fact to act in the Employee’s name, place and stead to perform any act that the Employee might perform to defend and protect against any disclosure of Confidential Information.

 SECTION 5. 
 OWNERSHIP OF INFORMATION, INVENTIONS, AND ORIGINAL WORK 
 5.1. Definition of Work Product. As used in
this Agreement, the term “Work Product” means all patents and patent applications, all inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, creative works, discoveries, software, computer
programs, modifications, enhancements, know-how, product, formula or formulations, concepts and ideas, and all similar or related information (in each case whether or not patentable), all copyrights and copyrightable works, all trade secrets,
confidential information, and all other intellectual property and intellectual property rights that (in any case above) are conceived, reduced to practice, created, developed or made by the Employee, either alone or with others, in the course of
employment with the Company (including, without limitation, any such employment before the Effective Date). 
 5.2. Ownership and
Assignment of Work Product. The Employee hereby agrees that all Work Product will be the exclusive property of the Company, and in consideration of this Agreement, without further compensation, hereby assigns, and (as necessary) agrees to
assign, to the Company all right, title, and interest to all Work Product that: (a) relates to: (i) all or any aspect of the Company Parties’ actual or anticipated business, research, and development or existing or future products or
services, or (ii) an actual or demonstrably anticipated research or development project of the Company; (b) is conceived, created, reduced to practice, developed, or made entirely or in any part: (i) during his employment or on
Company time, or (ii) using any equipment, supplies, facilities, assets, materials, information (including, without limitation, Confidential Information) or resources of any of the Company Parties (including, without limitation, any
intellectual property rights); or (c) results from any work performed by the Employee for the Company. Any creative works, discoveries, designs, software, computer programs, inventions, improvements, modifications, enhancements, know-how,
product, formula or formulation, concept or idea that the Employee has within one year following the resignation or termination of employment with the Company shall be deemed to be Work Product owned by 

  

 Page 6 of 19 

 
the Company under this Section 5, unless proved by the Employee to have been outside each of the criteria specified above in this Section 5.2.

 5.3. Disclosure and Cooperation. The Employee shall promptly disclose Work Product to the CEO and perform all actions
reasonably requested by the Company (whether during or after the Employment Period) to establish and confirm the ownership and proprietary interest of any of the Company Parties in any Work Product (including, without limitation, the execution of
assignments, consents, powers of attorney, applications and other instruments). The Employee agrees to assist the Company in obtaining any patent for, copyright on or other intellectual-property protection for the Work Product, and to execute and
deliver or otherwise provide such documentation and provide such other assistance as is necessary to or reasonably requested by the Company or its agents or counsel to obtain such patent, copyright, or other protection. The Employee shall maintain
adequate written records of the Work Product, in such format as may be specified by the Company, and make such records available to, as the sole property of, the Company at all times. The Employee shall not file any patent or copyright applications
related to any Work Product except with the written consent of the CEO. 
 SECTION 6. 
 NON-COMPETITION AND NON-SOLICITATION 
 6.1. Consideration. In consideration of the Confidential Information and specialized training being provided to Employee as stated in Section 4 of this Agreement, and other valuable consideration as stated in this
Agreement, including (without limitation) the business relationships, Company goodwill, customer and vendor relationships, and work experience that the Employee will have the opportunity to obtain, use and develop under this Agreement, the Employee
agrees to the restrictive covenants stated in this Section 6. 
 6.2. Acknowledgements. 
 a. Ancillary Agreement. The Employee acknowledges and agrees that the restrictive covenants contained in this Section 6 are ancillary to and
part of an otherwise enforceable agreement, such being the agreements concerning Confidential Information and other consideration as stated in this Agreement. 
 b. Valuable Information. The Employee acknowledges and agrees that the Confidential Information and specialized training provided by the Company is highly valuable to the Company and, therefore, that the
Company’s investment in the training and the protection and maintenance of the Confidential Information constitutes a legitimate interest to be protected by the Company by the restrictive covenants set forth in this Section 6. 

c. Unique Relationships with Customers. The Employee acknowledges and agrees that (i) in the highly competitive business in which the
Company is engaged, personal contact is of primary importance in securing new and retaining present Associates and customers; (ii) the Company has a legitimate interest in maintaining its relationships with its Associates and customers; and
(iii) it would be unfair for the Employee to solicit the business of 

  

 Page 7 of 19 

 
the Company’s Customers, exploiting the personal relationships the Employee develops with the Company’s Customers by virtue of the Employee’s
employment by the Company. 
 d. Reasonableness. The Employee acknowledges and agrees that at the time that the restrictive covenants
of this Section 6 are made, the limitations as to time, geographic scope, and activity to be restrained, as described herein, are reasonable and do not impose a greater restraint than necessary to protect the good will and other legitimate
business interests of the Company, including (without limitation) Confidential Information (including, without limitation, trade secrets), customer and vendor relationships, and goodwill. 
 e. Termination. The Employee acknowledges and agrees that Employee has carefully read this Agreement and has given careful consideration to the
restraints imposed upon Employee by this Agreement, and consents to the terms of the restrictive covenants in this Section 6 in conjunction with the provisions in this Agreement for the termination of his employment, with no expectation or
promise of employment for a substantial period of time. 
 f. Post-Termination Enforcement. The Employee acknowledges and agrees that,
based on the benefits to Employee and new consideration as recited herein, the restrictive covenants of this Section 6, as applicable according to their terms, shall remain in full force and effect even in the event of the resignation or
termination of his employment under this Agreement for any reason, whether voluntary or involuntary or with or without Cause. 
 g. Other
Employment. The Employee acknowledges and agrees that (i) in the event of the resignation or termination of Employee employment under this Agreement, Employee experiences and capabilities are such that he can obtain gainful employment
without violating this Agreement, in a business engaged in other lines and/or of a different nature, without Employee incurring undue hardship; and (ii) the enforcement of a remedy under this Section 6 by way of injunction will not prevent
the Employee from earning a livelihood. 
 6.3. Non-Competition and Non-Solicitation. 
 a. Non-Competition During Employment. During the Employment Period, the Employee shall not engage in any other business or employment which may
detract from Employee’s full performance of Employee’s duties hereunder or which competes in any manner with the Company, and the Employee shall not directly or indirectly render any services of a business, commercial or professional
nature, to any other Person without the Company’s prior written consent. Further, during employment, the Employee shall not directly or indirectly contact, solicit, entice, sponsor or accept any of the Associates into, or in any way promote to
any such Associates opportunities in marketing programs of any direct sales company or organization other than the Company. 
 b.
Non-Competition Post-Employment. During the Restricted Period, the Employee shall not directly or indirectly, on Employee’s own behalf or on the behalf of any other Person, engage in a Competing Business within the Geographic Area,
including, without limitation, owning, taking a financial interest in, managing, operating, controlling, being employed by, being associated or affiliated with, being a spokesperson for, providing services as a consultant or independent contractor
to, or participating in the ownership, management, 

  

 Page 8 of 19 

 
operation or control of, any Competing Business; provided, however, that this Section 6.3b does not preclude ownership of less than 5% of the
outstanding equity securities of any public reporting company. 
 c. Customer Non-Solicitation. During the Restricted Period, the
Employee shall not in any manner, directly or indirectly, on Employee’s own behalf or on the behalf of any other Person, induce, solicit or attempt to induce or solicit any Customer (i) to do business with a Competing Business, or
(ii) to reduce, cease, restrict, terminate or otherwise adversely alter business or business relationships with the Company for the benefit of a Competing Business, regardless of whether the Employee initiates contact for that purpose.

 d. Employee Non-Solicitation and No-Hire. During the Restricted Period, the Employee shall not directly or indirectly, on
Employee’s own behalf or on behalf of any other Person (i) solicit, recruit, persuade, influence, or induce, or attempt to solicit, recruit, persuade, influence, or induce any Person employed or otherwise retained by the Company
(including, without limitation, any independent contractor or consultant), to cease or leave their employment or contractual or consulting relationship with the Company, regardless of whether the Employee initiates contact for such purposes, or
(ii) hire, employ or otherwise attempt to establish, for any Person, any employment, agency, consulting, independent contractor or other business relationship with any Person who is or was employed or otherwise retained by the Company
(including any independent contractor or consultant), for the benefit of a Competing Business. 
 6.4. Definitions. The
following definitions are for the purposes of this Agreement, including (without limitation) this Section 6. The scope of these definitions is in recognition of the Company-wide scope of the Employee’s responsibilities, the broad
geographic scope of the Company’s business operations throughout the entire United States of America and in certain foreign countries, and the potential ease of competing with the Company in the absence of the provisions of this Section 6.

 a. “Competing Business” means any business operation which engages in the business of providing products and services that are
the same or substantially similar or directly competes with those that any of the Company manufactured, produced, provided, sold, and/or marketed during the Employee’s tenure with the Company, such as the direct selling business, including
(without limitation) the direct sale, network and/or multi-level marketing of dietary supplements, skin care or wellness products. 
 b.
“Customer” means (i) any Associate or other Person with whom or which the Company has had any contract any time during this Agreement or any time during the one year period immediately preceding the Effective Date, and/or
(ii) any customer, vendor, supplier, licensor or other Person in a business relationship with the Company for which the Employee or employees working under the Employee’s supervision had any direct or indirect responsibility during the
Employment Period. 
 c. “Geographic Area” means (i) those cities and states in the United States of America and foreign
countries in which the Company does business during the Employment 

  

 Page 9 of 19 

 
Period; and/or (ii) the geographic area of Employee’s responsibilities during the Employment Period. 
 d. “Restricted Period” means the Employment Period and the one year period commencing on the Termination Date, regardless of whether the
Employee’s termination from the Company is voluntary or involuntary, for Cause or not for Cause. This time period shall be extended by one day for each day that Employee is determined to be in violation of Sections 4, 5 and/or 6 of this
Agreement, as determined by a court or arbitrator of competent jurisdiction. 
 6.5. Fiduciary Duty. The Employee acknowledges
and agrees that Employee owes a fiduciary duty of loyalty, fidelity, and allegiance to act at all times in the best interests of the Company. In keeping with these duties, the Employee shall make full disclosure to the Company of all business
opportunities pertaining to the Company’s business, and shall not appropriate for Employee’s own benefit, any business opportunities concerning the subject matter of the fiduciary relationship. 
 6.6. Survival. This Section 6 shall survive the cessation or termination of the Employee’s employment under this Agreement,
subject to the time and scope limitations set forth in this Section 6. 
 6.7. Substitution/Revision. If, at the time of
enforcement of the restrictive covenants in this Section 6, a court holds that the restrictions stated in this Section 6 are unreasonable under circumstances then existing, then the maximum duration, scope or geographical area reasonable
under such circumstances shall automatically be substituted for the stated duration, scope or geographic area and the court shall be allowed and is hereby requested to revise the restrictions contained herein to cover the maximum duration, scope and
geographic area permitted by law. The covenants contained in Sections 6.3a., 6.3b., 6.3c., and 6.3d. hereof are independent of and severable from one another. 
 6.8. Independent Covenants. All covenants contained in Section 6 of this Agreement shall be construed as agreements independent of any other provision of this Agreement, and the existence of any
claim or cause of action by Employee against Employer, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of such covenants. 
 SECTION 7. 
 NON-DISPARAGEMENT 
 7.1. Non-Disparagement. The Employee agrees that, both during and after the Employment Period, the Employee will not make any statements
which would constitute libel, slander or disparagement of the Company or any of its directors, officers, shareholders, or affiliates, provided however, that the terms of this Section 7.1 shall not apply to communications between the Employee
and, as applicable, the Employee’s attorneys or other Persons with whom or which communications would be subject to a claim of privilege existing under common law, statute or rule of procedure. 
  

 Page 10 of 19 

 SECTION 8. 
 REMEDIES 
 8.1. Remedies. In the event of a breach of this Agreement by any
Party, and subject to the remaining provisions of this Section 8, the aggrieved Party shall be entitled to all appropriate equitable and legal relief, including, but not limited to: (a) an injunction to enforce this Agreement or prevent
conduct in violation of this Agreement; (b) damages incurred as a result of the breach; and (c) attorneys’ fees and costs incurred in enforcing the terms of this Agreement. 
 8.2. Arbitration. SUBJECT TO THE RIGHTS OF EITHER PARTY TO SEEK INJUNCTIVE OR OTHER EQUITABLE RELIEF IN A COURT OF EQUITY, BINDING
ARBITRATION SHALL BE THE EXCLUSIVE REMEDY FOR ANY AND ALL DISPUTES, CLAIMS, OR CONTROVERSIES BETWEEN THE PARTIES HERETO, WHETHER STATUTORY, CONTRACTUAL OR OTHERWISE, ARISING UNDER OR RELATING TO THIS AGREEMENT OR THE EMPLOYEE’S EMPLOYMENT BY OR
TERMINATION FROM THE COMPANY (INCLUDING, BUT NOT LIMITED TO, THE AMOUNT OF DAMAGES, OR THE CALCULATION OF ANY BONUS OR OTHER AMOUNT OR BENEFIT DUE) (COLLECTIVELY, “DISPUTES”). THE PARTIES EACH WAIVE THE RIGHT TO A JURY TRIAL AND WAIVE THE
RIGHT TO ADJUDICATE THEIR DISPUTES UNDER THIS AGREEMENT OUTSIDE THE ARBITRATION FORUM PROVIDED FOR IN THIS AGREEMENT, EXCEPT AS SPECIFICALLY PROVIDED IN THIS AGREEMENT. In the event either party provides a notice of arbitration of any dispute to the
other party, the parties agree to submit that dispute to a single arbitrator selected from a panel of arbitrators of JAMS located in Dallas, Texas. The arbitration will be governed by the JAMS Comprehensive Arbitration Rules and Procedures in effect
at the time the arbitration is commenced. If for any reason JAMS cannot serve as the arbitration administrator, the Company may select an alternative arbitration administrator, such as the American Arbitration Association, to serve under the terms
of this Agreement. The parties further agree to abide by and perform any award rendered by the arbitrator. 
 a. VENUE. THE PARTIES
STIPULATE AND AGREE THAT THE EXCLUSIVE VENUE OF ANY SUCH ARBITRATION PROCEEDING (AND OF ANY OTHER PROCEEDING, INCLUDING (WITHOUT LIMITATION) ANY COURT PROCEEDING, UNDER THIS AGREEMENT) SHALL BE DALLAS COUNTY, TEXAS (THE “AGREED VENUE”).

 b. Authority and Decision. The arbitrator shall have the authority to award the same damages and other relief that a court could
award. The arbitrator shall issue a reasoned award explaining the decision and any damages awarded. The arbitrator’s decision will be final and binding upon the parties and enforceable by a court of competent jurisdiction. The parties will
abide by and perform any award rendered by the arbitrator. In rendering the award, the arbitrator shall state the reasons therefore, including (without limitation) any computations of actual damages or offsets, if applicable. 
  

 Page 11 of 19 

 c. Fees and Costs. In the event of arbitration under the terms of this Agreement, the fees charged
by JAMS or other arbitration administrator and the arbitrator shall be borne by the parties as determined by the arbitrator, except for any initial registration fee, which the parties shall bear equally. Otherwise, the parties shall each bear their
own costs, expenses and attorneys’ fees incurred in arbitration; provided, however, that the prevailing party shall be entitled to recover and have awarded its attorneys’ fees, court costs, arbitration expenses, and its portion of the fees
and costs charged by JAMS or other arbitration administrator, regardless of which Party initiated the proceedings, in addition to any other relief to which it may be entitled. The determination of the “prevailing party” and the amount of
fees, costs and expenses awarded shall be in the discretion of the arbitrator and shall be based upon such evidence as the arbitrator deems appropriate, including the relief awarded as compared to the last bona fide settlement offer made by the
opposing party prior to the initiation of the arbitration proceeding, as well as any bona fide settlement offer made during the proceeding taking into account the fees, costs and expenses incurred thereafter. 
 d. Limited Scope. The following are excluded from binding arbitration under this Agreement: claims for workers’ compensation benefits or
unemployment benefits; replevin; and claims for which a binding arbitration agreement is invalid as a matter of law. 
 e. Statutes of
Limitations. All statutes of limitations that would otherwise be applicable (as well as other laws and statutes of applicability to any Dispute in issue) shall apply to any arbitration proceeding hereunder, and the arbitrator is specifically
empowered to decide any question pertaining to limitations. 
 f. Injunctive Relief. The parties hereto may seek injunctive relief in
arbitration; provided, however, that as an exception to the arbitration agreement set forth in Section 8.2 hereof, the parties, in addition to all other available remedies, shall each have the right to initiate an action in any court of
competent jurisdiction in order to request injunctive or other equitable relief regarding the terms of this Agreement. The exclusive venue of any such proceeding shall be in the Agreed Venue. The parties agree (a) to submit to the jurisdiction
of any competent court in the Agreed Venue, (b) to waive any and all defenses the Executive may have on the grounds of lack of jurisdiction of such court, and (c) that neither party shall be required to post any bond, undertaking or other
financial deposit or guarantee in seeking or obtaining such equitable relief. Evidence adduced in any such proceeding for an injunction may be used in arbitration as well. The existence of this right shall not preclude or otherwise limit the
applicability or exercise of any other rights and remedies that a party hereto may have at law or in equity. 
 SECTION 9. 

TERMINATION OF EMPLOYMENT 
 9.1. Events of Termination. In addition to termination of employment in accordance with Section 2 hereof, the Employee’s employment by the Company under this Agreement (1) shall terminate upon the death of the
Employee, and (2) may be terminated by the Company, 

  

 Page 12 of 19 

 
immediately upon written notice of termination to the Employee, upon the Employee’s Disability or for Cause. In this Agreement: 
 a. “Disability” means the Employee’s becoming incapacitated by accident, sickness, or other circumstances that, in the reasonable judgment
of the Board renders or is expected to render the Employee mentally or physically incapable of performing the essential duties and services required of him hereunder, with or without reasonable accommodation, for a period of at least 90 consecutive
calendar days. 
 b. “Cause” means any of the following: 
  

	 	i.	the Company’s determination that the Employee has neglected, failed, or refused to render the services or perform any other of his duties or obligations in or under this
Agreement (including, without limitation, because of any alcohol or drug abuse); 

  

	 	ii.	the Employee’s violation of any provision of or obligation under this Agreement; 

  

	 	iii.	the Employee’s indictment for, or entry of a plea of no contest with respect to, any crime that adversely affects or (in the Board’s reasonable judgment) may adversely
affect the Company or the utility of the Employee’s services to the Company; or 

  

	 	iv.	any other act or omission of the Employee involving fraud, theft, dishonesty, disloyalty, or illegality with respect to, or that harms or embarrasses or (in the Board’s
reasonable judgment) may harm or embarrass, the Company or any of its subsidiaries, affiliates, customers, dealers or suppliers. 

 Notwithstanding any other provision of this Agreement, if the Company gives notice of termination for Cause under clauses i. or ii. above in this Section 9.1(b), then the Employee at his sole option shall have sixty (60) days
from the date of such notice to effect a cure or resolution of the reasons giving rise to the termination (the “Employee Remedy Period”) before the termination becomes effective. If the reasons giving rise to such termination are cured or
resolved by the Employee within the Employee Remedy Period, then the termination will be deemed to be without Cause for the purposes of this Agreement, unless it is withdrawn by the Company by the end of the Employee Remedy Period. 
 c. “Good Reason” means any of the following: 
  

	 	i.	the Company’s denial of compensation due and owing to Employee under this Agreement, where such denial is by any means, including but not limited to a material act or omission
of fraud, theft, or dishonesty in the Company’s accounting practices or otherwise; 

  

 Page 13 of 19 

	 	ii.	the requirement by the Company that Employee be based anywhere other than Dallas County, Texas, except for travel incident to the Company’s business; 

 

	 	iii.	the Company’s demotion of the Employee in title or pay, or the Company’s removal of a material portion of the Employee’s significant duties or responsibilities
pursuant to this Agreement, without the Employee’s consent; or 

  

	 	iv.	the Company’s material breach of this Agreement. 

 Notwithstanding
any other provision of this Agreement, if the Employee gives notice of resignation for Good Reason under clauses i., ii., iii., or iv. above in this Section 9.1(c), then the Company at its sole option shall have sixty (60) days from the
date of such notice to effect a cure or resolution of the reasons giving rise to the resignation (the “Company Remedy Period”), before the resignation becomes effective. If the reasons giving rise to such resignation are cured or resolved
by the Company within the Company Remedy Period, then the resignation will be deemed to be without Good Reason for the purposes of this Agreement, unless it is withdrawn by the Employee by the end of the Company Remedy Period. 
 9.2. Non-Renewal. In the event the Company gives notice to the Employee that it will terminate this Agreement at the expiration of the
initial two (2) year term, then the Agreement will automatically terminate at the end of the two-year term. 
 9.3.
Severance. 
 a. Nothing contained in this Agreement shall be construed as impacting the right of the Company to terminate the
Employee’s employment with the Company. 
 b. Unless Employee resigns without Good Reason, or is terminated by the Company for Cause or
due to the death of the Employee, the Employee shall continue to receive his base salary as set forth in Section 3 of this Agreement through the end of his initial two (2) year term or for twelve (12) months from Employee’s last
date of employment, whichever is longer (the “Termination Date”). 
 c. Any amount owed to Employee under this paragraph will be
paid in regular installments on the usual and customary pay dates of the Company. 
 9.4. Release. As a condition to the
receipt of any Severance payment under paragraph 9.3 of this Agreement, Employee shall be required to execute a release, in the form established by the Company, releasing Company and Company’s shareholders, partners, officers, directors,
employees, and agents from any and all claims and from any and all causes of any kind or character, including, but not limited to, all claims or causes of action arising out of the employee’s employment with the Company, the termination of such
employment, or any actions or omissions occurring during such employment, and the performance of Employee’s and Company’s obligations hereunder. 
  

 Page 14 of 19 

 9.5. Effects of Termination. Paragraph 9.3 notwithstanding, upon any cessation or
termination of employment under this Agreement, all further rights of the Employee to employment and compensation and benefits from the Company under this Agreement will cease, except that the Company shall pay the Employee the following:

 a. Any amount of base salary earned by, but not yet paid to, the Employee through the last date of the Employment Period; 
 b. Any annual bonus, or portion thereof, that is earned by, but not yet paid to, the Employee through the Termination Date; 
 c. All reimbursable expenses due, but not paid, to the Employee as of the Termination Date in accordance with Section 3.4 hereof; 
 d. All benefits (or an amount equivalent thereto) that have been earned by or vested in, and are payable to, the Employee under, and subject to the terms
of, the employee-benefit plans or arrangements of the Company in which the Employee participated through the Termination Date in accordance with Section 3.5 hereof; and 
 Any amount due under clause b. above in this Section 9.5 shall be paid in the same manner and on the same date as would have occurred if the Employee’s employment under this Agreement had not ceased. Any
amount due under clause d. above in this Section 9.5 shall be paid in accordance with the terms of the employee-benefit plans or arrangements under which such amounts are due to the Employee. Any amounts due under clause c. of this
Section 9.5 shall be paid in accordance with the terms of the Company’s policies, practices, and procedures regarding reimbursable expenses. Except as modified in paragraph 9.3 hereof for the payment of such amounts when due, the
Company shall have no further obligation or liability under this Agreement for any other compensation, payment, or benefit to the Employee. The stock option agreements between the Parties and the plan shall govern the Employee’s outstanding
stock options upon or after cessation or termination of employment. Also, upon cessation or termination of employment hereunder (unless the Employee continues otherwise to be employed by the Company), the Employee (1) shall return to the
Company the leased vehicle provided for the Employee’s use in accordance with Section 3.6 hereof, and (2) shall resign or shall be deemed to have resigned from any position as an officer or director, or both, of any subsidiary or
affiliate of the Company. 
 9.6. Post-employment Cooperation. Upon and for a period of six (6) months after the
Termination Date, the Employee will cooperate fully with the Company in connection with (a) any matter related to the Company’s business and activities, by being available at mutually agreeable times, in person or by telephone, and without
any unreasonable interference with Employee’s other activities, to provide such information as may from time to time be requested by the Company regarding various matters in which Employee was involved during Employee’s employment with the
Company, and (b) any and all pending or future litigation or administrative claims, investigations, or proceedings involving the Company, including (without limitation) Employee’s meeting with the Company’s counsel and advisors at
reasonable times upon their request, and providing testimony (in court or at depositions) that is truthful, and complete in accordance with information known to him. For all activities required of Employee under this 

  

 Page 15 of 19 

 
Section 9.4, Employee shall be compensated at Employee’s then hourly rate, except to the extent prohibited by law. 
 SECTION 10. 
 MEDIA NON-DISCLOSURE

 10.1. Media Nondisclosure. The Employee agrees that, both during and after the Employment Period, except as may be
authorized in writing by the Company, the Employee will not directly or indirectly disclose or release to the Media any information concerning or relating to any aspect of the Employee’s employment or cessation or termination of Employee’s
employment with the Company and/or any aspect of any Dispute that is the subject of this Agreement. For the purposes of this Agreement, “Media” includes, without limitation, any news organization, station, publication, show, website, web
log (blog), bulletin board, chat room and/or program (past, present and/or future), whether published through the means of print, radio, television and/or the Internet or otherwise, and any member, representative, agent and/or employee of the same.

 SECTION 11. 
 REPRESENTATION BY EMPLOYEE 
 11.1. No Conflict. The Employee hereby represents and warrants to the
Company that Employee’s execution of this Agreement and Employee’s performance of Employee’s duties and obligations hereunder will not conflict with, cause a default under, or give any party a right to damages under any other
agreement or obligation to which the Employee is a party or is bound. 
 SECTION 12. 
 GENERAL 
 12.1. Governing
Law. This Agreement shall be governed by, and enforced and construed under, the laws of the State of Texas, except to the extent preempted by federal law. 
 12.2. Binding Effect; Assignment. All of the terms and provisions of this Agreement shall be binding upon, inure to the benefit of, and be enforceable by the respective heirs, representatives, successors
(including, without limitation, any successor as a result of a merger or similar reorganization) and assigns of the Parties, except that the Employee’s rights, benefits, duties and responsibilities hereunder are of a personal nature and shall
not be assignable in whole or in part by the Employee. 
 12.3. Notices. All notices required or permitted to be given under
this Agreement shall be in writing and shall be deemed to have been given and received (a) when personally delivered or delivered by same-day courier, (b) on the third business day after mailing by registered or 

  

 Page 16 of 19 

 
certified mail, postage prepaid, return receipt requested, or (c) upon delivery when sent by prepaid overnight delivery service, in any case addressed
as follows: 
  

					
	If to the Employee:	  	Alfredo Bala 28	  	
		  	City View Circle	  	
		  	North Providence, RI 02911	  	
		  		  	
	If to the Company:	  	General Counsel	  	
		  	Mannatech Incorporated	  	
		  	600 S. Royal Lane, Suite 200	  	
		  	Coppell, TX 75019	  	

 A Party’s address may be changed from time to time by written notice to the other Party in accordance with
this Section 12.3. 
 12.4. Prior Agreements Superseded. This Agreement supersedes all prior agreements between the
Parties of any and every nature whatsoever, including (without limitation) agreements for additional compensation or benefits. All such prior agreements are null and void. 
 12.5. Duration. Notwithstanding the cessation or termination of Employee’s employment under this Agreement, this Agreement shall
continue to bind the Parties for so long as any obligations remain under the terms of this Agreement. 
 12.6. Amendment;
Waiver. No amendment to or modification of this Agreement, or waiver of any term, provision, or condition of this Agreement, will be binding upon a Party unless the amendment, modification, or waiver is in writing and signed by the Party to
be bound. Any waiver by a Party of a breach or violation of any provision of this Agreement by the other Party shall not be deemed a waiver of any other provision or of any subsequent breach or violation. 
 12.7. Enforcement and Severability. The Parties intend all provisions of this Agreement to be enforced to the fullest extent permitted by
law. Accordingly, should a court of competent jurisdiction determine that the scope of any provision of this Agreement is too broad to be enforced as written, the Parties intend for the court to reform the provision to such narrower scope as it
determines to be reasonable and enforceable. If, however, any provision of this Agreement is held to be illegal, invalid, or unenforceable, the provision shall be severed, this Agreement shall be construed and enforced as if such illegal, invalid,
or unenforceable provision were never a part of it, and the remaining provisions shall remain in full force and effect. 
 12.8.
Subsidiaries Included. Wherever the “Company” is referred to in this Agreement, it shall include all subsidiaries of the Company as they may exist from time to time, even where the term “subsidiaries” is not
explicitly stated in connection with such reference. 
 12.9. Certain Defined Terms; Headings. As used in this Agreement:

 a. “business day” means any Monday through Friday other than any such weekday on which the executive offices of the Company are
closed. 
  

 Page 17 of 19 

 b. “Employment Period” means the term of Employee’s employment under this Agreement, from
the Effective Date through the last date of Employee’s work for the Company under this Agreement, regardless of whether the termination is voluntary, involuntary, for Cause, or not for Cause. 
 c. “herein,” “hereof,” “hereunder,” and similar terms are references to this Agreement as a whole and not to any particular
provision of this Agreement. 
 d. “Person” means an individual, an independent contractor, a sole proprietor, a partnership, a
limited liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, a governmental entity, court, department, agency or political subdivision, or other individual, business, or
governmental entity, as applicable. 
 In addition, the use herein of “annual” or “monthly” (or similar terms) to indicate a measurement
period shall not itself be deemed to grant rights to Employee for employment or compensation for such period. The Section and other descriptive headings in this Agreement are only for convenience of reference and are not to be used to construe or
interpret this Agreement or any of its provisions. 
 12.10. Employee Acknowledgment. The Employee affirms and attests, by
signing this Agreement, that the Employee has read this Agreement before signing it and that the Employee fully understands its purposes, terms, and provisions, which the Employee hereby expressly acknowledges to be reasonable in all respects. The
Employee further acknowledges receipt of one copy of this Agreement. 
 12.11. Section 409A Compliance. It is the
intention of the Company and the Employee that this Agreement not result in unfavorable tax consequences to the Employee under Section 409A of the Code. The Company and the Employee acknowledge that only limited guidance has been issued by the
Internal Revenue Service with respect to the application of Code Section 409A to certain arrangements, such as this Agreement. It is expected by the Company and the Employee that the Internal Revenue Service will provide further guidance
regarding the interpretation and application of Section 409A of the Code in connection with finalizing its recently proposed regulations. The Company and the Employee acknowledge further that the full effect of Section 409A of the Code on
potential payments pursuant to this Agreement cannot be determined at the time that the Company and the Employee are entering into this Agreement. The Company and the Employee agree to work together in good faith in an effort to comply with
Section 409A of the Code including, if necessary, amending the Agreement based on further guidance issued by the Internal Revenue Service from time to time, provided that neither party shall be required to assume an economic burden beyond what
is already required by this Agreement. 
  

 Page 18 of 19 

 IN WITNESS WHEREOF, the Parties, intending to be legally bound, have duly entered into this
Agreement as of the Effective Date. 
  

			
	EMPLOYEE:
	
	/s/Alfredo Bala
	Alfredo Bala
		
	Date:	 	  September 17, 2007
	
	MANNATECH, INCORPORATED
		
	By:	 	/s/ Terry Persinger
		 	     Terry Persinger, President and CEO
		
	Date:	 	  September 18, 2007

  

 Page 19 of 19Exhibit 10.14

Employee Name:             Camut         Christopher        C.
                -----------------------------------------------------
                           Last             First           Middle

                              EMPLOYMENT AGREEMENT

      THIS EMPLOYMENT AGREEMENT ("Agreement"), dated as of December 22, 2006,
("Execution Date") is made by and between PharmAthene, Inc., a Delaware
corporation ("Company"), and the individual identified herein ("Employee").
Company and Employee may each be referred as a "Party" and collectively as the
"Parties" to this Agreement. The Parties hereby agree as follows:

                                   BASIC TERMS

1. Employment. Company hereby employs Employee, and Employee hereby accepts
Employment by Company. Employee shall initially serve as
Vice President and Chief Financial Officer of Company.
------------------------------------------
             Title of Employee

2. Commencement Date. January 4, 2007 ("Commencement Date").

3. Term. Employee's employment with Company shall begin on the Commencement Date
and shall end as provided in this Agreement. The period from the Commencement
Date to the effective date of termination of this Agreement is called the
"Term".

4. At Will Employment. Employee's employment with Company is at-will, meaning
that either Employee or Company may terminate Employee's employment at any time,
with or without cause, for any or no reason.

5. Duties. Employee shall have such powers and duties as are assigned or
delegated to Employee by Company. Employee will devote his entire business time,
attention, skill, and energy exclusively to the business of Company, will use
his best efforts to promote the success of Company's business, and will
cooperate fully with the Board of Directors in the advancement of the best
interests of Company.

6. Salary. Employee shall be paid an annual salary of $237,500, subject to
adjustment as provided below ("Salary"). The Salary is payable in equal periodic
installments according to Company's customary payroll practices, but no less
frequently than monthly. The Salary will be reviewed by Company not less
frequently than annually, and may be adjusted upward or downward in the sole
discretion of Company.

7. Benefits. Employee shall, during the Term, be permitted to participate in
such pension, profit-sharing, bonus, life insurance, hospitalization, major
medical, and other Company employee benefit plans that may be in effect from
time to time, to the extent Employee is eligible under the terms of those plans
(collectively, "Benefits"). Company reserves the right to modify, suspend or
discontinue any and all such Benefits at any time without recourse by Employee,
provided that any such modification, suspension or discontinuance shall also
apply generally to other employees of Company.

8. Leave; Holidays. Employee will be entitled to four (4) weeks paid vacation
each fiscal year in accordance with Company's vacation policies in effect for
its employees from time to time. Vacation must be taken by Employee at such time
or times as approved by Company. Employee will also be entitled to the paid
holidays and other paid leave set forth in Company's policies. Vacation days and
holidays during any fiscal year that are not used by Employee during such fiscal
year will be subject to any vacation days and holiday policy that Company may
have in place from time to time.

9. Standard Terms and Conditions. THE STANDARD TERMS AND CONDITIONS ATTACHED
HERETO AS EXHIBIT 1 SET FORTH CERTAIN DEFINITIONS TO CAPITALIZED TERMS,
EMPLOYEE'S REQUIREMENT TO PROVIDE ELIGIBILITY DOCUMENTS, AND OTHER IMPORTANT
PROVISIONS OF THIS AGREEMENT. SUCH STANDARD TERMS AND CONDITIONS AND ANY
EXHIBITS, APPENDIXES, SCHEDULES, RIDERS OR ADDENDA HERETO ARE INCORPORATED
HEREIN AND MADE A PART HEREOF BY THIS REFERENCE.

<PAGE>

Employee Name:             Camut         Christopher        C.
                -----------------------------------------------------
                           Last             First           Middle

10. Additional Provisions. The following provisions also apply to this Agreement
(if blank, then there are NONE):

      (a) Stock Options. Employee shall be granted a total of 800,000 stock
options upon the Commencement Date, and such options shall be issued according
to Company's stock option plan with Company as approved and voted on by the
Board of Directors. These options will vest, subject to any stock option
agreement between Company and Employee, 25% after one year following the
Commencement Date ("First Anniversary Date"), and the remainder to vest on a
pro-rata monthly basis over the next 36 months following the First Anniversary
Date such that 100% of all such options shall be vested after four years from
the Commencement Date. Employee will be eligible to receive further stock
options, if any, as may be granted pursuant to any stock option plan the Board
of Directors may have adopted from time to time.

      (b) Cash Incentive. Employee will be eligible to participate in the cash
incentive program as approved by the Board of Directors from time to time, with
actual payment amount determined based upon Employee performance, as determined
at the sole discretion of the Company, and with the approval of the Board of
Directors, as a percentage of Employee's Salary, with your initial incentive to
be up to 30% of the then Salary. The minimum cash incentive for the first year
of employment will be $40,000, to be paid the first calendar quarter of 2008,
concurrent with other annual corporate cash incentive payments.

      (c) Severance. Subject to clauses (i) and (ii) below, Employee shall be
granted a severance of Twelve (12) months ("Severance Period") of Employee's
then current salary upon termination of employment, payable on a pro rata basis
over the Severance Period beginning the first day of the first full calendar
month following the effective date of Employee's termination, and payable in
consideration for and only after Employee executes a Separation Agreement and
General Release under terms specified by Company.

      (i) Employee shall not receive severance if Employee voluntarily resigns
employment.

      (ii) Employee shall not receive severance if Employee is terminated for:
(1) failure to perform his or her obligations or duties, or (2) any dishonesty
detrimental to Company, or other act or omission by Employee detrimental to
Company's business, financial condition, reputation or good will, or damaging to
its relationships with its employees, business partners, or other third parties,
including, without limitation: (A) any habitual use of alcohol or illegal drugs
such as to interfere with the performance of Employee's obligations hereunder;
and (B) any conviction of a felony or of any crime involving fraud,
embezzlement, misappropriation, or theft.

BY EXECUTING THIS AGREEMENT BELOW, THE PARTIES INDICATE THAT THEY HAVE READ AND
UNDERSTOOD ALL TERMS AND CONDITIONS HEREOF AND AGREE TO BE BOUND LEGALLY BY
THEM, ALL AS OF THE EXECUTION DATE.

COMPANY                                         EMPLOYEE

PHARMATHENE, INC.

By:                                             /s/ Christopher C. Camut
    -----------------------------               --------------------------------
Name: David P. Wright                           Name: Christopher C. Camut
Title: President & CEO
175 Admiral Cochrane Drive, Suite 400
Annapolis, MD 21401
Telephone: 410-571-8920                         Telephone:
Facsimile: 410-571-8927                         Facsimile:
E-mail:                                         E-mail:

ATTACHMENTS

Exhibit 1                              -      Standard Terms and Conditions
Schedule 2(d) to Exhibit 1             -      Prior Works Or Inventions

                                     2 of 7
<PAGE>

Employee Name:             Camut         Christopher        C.
                -----------------------------------------------------
                           Last             First           Middle

                                    EXHIBIT 1

                          STANDARD TERMS AND CONDITIONS

1. Tax Matters; Expense Reimbursement. Payments to Employee of all compensation
contemplated under this Agreement shall be subject to all applicable legal
requirements with respect to the withholding of taxes. Employee shall be
entitled to reimbursement by Company for all direct out-of-pocket expenditures
made by him or her on Company's behalf in the performance of his or her services
under this Agreement, subject to any reasonable record keeping, reporting and
other requirements imposed from time to time by Company.

2. Confidentiality.

      (a) Obligations. Employee shall preserve and protect the confidentiality
of Confidential Information both during and after his or her employment with or
by Company. In addition, Employee shall not to, at any time during the Term or
thereafter, (i) disclose or disseminate Confidential Information to any third
party, including without limitation employees or consultants of Company without
a legitimate business need to know, (ii) remove Confidential Information from
Company's premises or make copies of Confidential Information, except as
required to perform Employee's job, or (iii) use Confidential Information for
Employee's own benefit or for the benefit of any third party. Employee shall
also take all actions necessary to avoid unauthorized disclosure and otherwise
to maintain the confidential or proprietary nature of such Confidential
Information. If Employee is not certain whether or not information is
confidential, Employee will treat that information as Confidential Information
until Employee has verification from Company's Personnel Officer that the
information is not Confidential Information.

      (b) Exceptions. The obligations in this Exhibit 1 - Section 2 do not apply
to any information that Employee can establish (i) has become publicly known
without a breach of this Agreement by Employee or a third party's breach of an
agreement to maintain the confidentiality of the information or (ii) was
developed by Employee prior to the Execution Date, and prior to the date any
earlier Confidentiality Agreement of the Company was signed, if the date of
development can be established by documentary evidence.

      (c) Former Employer Information. Employee will not, during the Term, (i)
improperly use or disclose any proprietary information or trade secrets of any
former or current employer or any other person or entity or (ii) bring onto the
premises of Company any unpublished document or proprietary information
belonging to any such employer, person or entity unless consented to in writing
by such employer, person or entity.

      (d) Inventions and Works Retained and Licensed. Employee attaches hereto,
as "Schedule 2(d) to Exhibit 1: Prior Works and Inventions", a list describing
all Inventions, original works of authorship, developments, improvements, and
trade secrets which were made by Employee prior to his or her employment with or
by Company (collectively "Prior Works or Inventions"), which belong to Employee,
which relate to Company's business, products, or research and development, and
which are not assigned to Company hereunder, or, if no such list is attached or
such list is blank, Employee represents that there are no such Prior Works or
Inventions. If, in the course of employment with or by Company, Employee
incorporates into a Company product, process or machine a Prior Work or
Invention owned by Employee or in which Employee has an interest, Company is
hereby granted and shall have a nonexclusive, royalty-free, assignable,
irrevocable, perpetual, worldwide license to make, have made, modify, use and
sell such Prior Work or Invention as part of or in connection with such product,
process or machine.

      (e) Ownership of Works. Company owns all right, title and interest,
including without limitation trade secrets, patents and copyrights, in the
following works that Employee creates, makes, conceives or reduces to practice,
solely or jointly (i) works that are created using Company's facilities,
supplies, information, trade secrets or time, (ii) works that relate directly or
indirectly to or arise out of the actual or proposed business of Company,
including, without limitation the research and development activities of
Company, (iii) works that relate directly or indirectly to or arise out of any
task assigned to Employee or work Employee performs for Company or (iv) works
that are based on Confidential Information (collectively "Works"). Because these
Works will inevitably be based upon or somehow involve Company's business,
products, services or methodologies, Employee agrees that the Works will belong
to the Company even if Employee creates, makes, conceives or reduces them to
practice on his or her own time, using his or her own equipment, on Company's
premises or elsewhere or after termination of Employee's employment with or by
Company. The Works belonging to Company, include, without limitation program
code and documentation. Employee will promptly provide full written disclosure
to an officer of Company of any Works Employee creates, makes, conceives or
reduces to practice, solely or jointly. To the extent that the Works do not
qualify as works made for hire under U.S. copyright law, Employee irrevocably
assigns to Company the ownership of, and all rights of copyright in, the Works.
Company will have the right to hold in its own name all rights in the Works,
including without limitation all rights of copyright, trade secrets and
trademark. Employee also waives all claims to moral rights in any Works.
Employee acknowledges and agrees that any and all patents, patent applications
or other intellectual property rights relating to the Works are to be the
exclusive property of Company.

      (f) Inventions; Ownership. (i) Employee shall irrevocably assign to
Company Employee's entire right, title and interest in any Invention. Employee
will promptly make full written disclosure to an officer of Company of any
Inventions Employee creates, makes, conceives or reduces to practice, solely or
jointly. Employee also waives all claims to moral rights in any Inventions.
Employee acknowledges and agrees that any and all patents, patent applications
or other intellectual property rights relating to the Inventions are the
exclusive property of Company.

      (ii) Employee shall cooperate fully with Company, both during and after
Employee's employment with or by Company, with respect to the procurement,
maintenance and enforcement of copyrights, patents and other intellectual
property rights (both in the United States and foreign countries) relating to
Works and/or Inventions. Employee shall execute and deliver all papers,
including, without limitation, copyright applications, patent applications,
declarations, oaths, formal assignments, assignments of priority rights, and
powers of attorney, which Company may deem necessary or desirable to protect its
rights and interests in any Works and/or Inventions, and if Company is unable,
after reasonable effort, to secure Employee's signature on any such papers, any
executive officer of Company shall be entitled to execute any such papers as
Employee's agent and attorney-in-fact. Employee hereby irrevocably designates
and appoints each executive officer of Company as Employee's agent and attorney-

                                     3 of 7
<PAGE>

Employee Name:             Camut         Christopher        C.
                -----------------------------------------------------
                           Last             First           Middle

in-fact to execute any such papers on Employee's behalf, and to take any and all
actions as Company may deem necessary or desirable to protect its rights and
interests in any Works and/or Inventions, under the conditions described in the
preceding sentence.

      (g) Maintenance of Records. Employee shall keep and maintain adequate and
current written records of all Works and Inventions made by Employee (solely or
jointly with others) during the Term with or by Company. The records will be in
the form of notes, sketches, drawings, and any other format that may be
specified by Company. The records will be available to and remain the sole
property of Company at all times.

      (h) Return of Confidential Information. Employee shall return to Company
all Confidential Information in Employee's possession, custody or control
immediately upon Employee's termination from Company, or earlier if Company
requests.

      (i) Notification of New Employer. In the event Employee leaves the employ
of Company or ceases to serve as a consultant to Company, Employee hereby grants
consent to notification by Company to Employee's new employer about Employee's
rights and obligations under this Agreement.

3. Noncompetition; Non-solicitation of Employees.

      (a) Noncompetition. (i) Company is engaged an a unique and specialized
industry, and faces competition on a worldwide basis. Employee, through his or
her association with Company as an employee or consultant, will acquire a
considerable amount of knowledge and goodwill with respect to the business of
Company, which knowledge and goodwill are extremely valuable to Company and
which would be extremely detrimental to Company if used by Employee to compete
with Company. It is, therefore, understood and agreed by Employee and Company
that, because of the nature of the business Company, it is necessary to afford
fair protection to Company from such competition by Employee. Consequently,
while Employee is employed with or by Company and for a period of 12 months
after termination of such employment (for any reason whatsoever, whether
voluntary or involuntarily), Employee will not, whether alone or as a partner,
officer, director, consultant, agent, employee or stockholder of any company or
their commercial enterprise, directly or indirectly engage in any business or
other activity anywhere in the world which is competitive with, or render
services to any firm or business organization which competes with, Company in
the business of research, discovery and/or development of human therapeutics and
vaccines for infectious diseases that are being actively researched, discovered
or developed by Company at the time of termination of such employment. The
foregoing prohibition shall not prevent Employee's employment or engagement
after termination if such employment or engagement, in any capacity, does not
involve work or matters related to the business of research, discovery and/or
development of human therapeutics and vaccines for infectious diseases that are
being actively researched, discovered or developed by Company at the time of
termination of Employee's employment.

      (ii) Nothing in Exhibit 1 - Section 3, however, will prevent Employee from
engaging in additional activities in connection with personal investments and
community affairs that are not inconsistent with Employee's duties under this
Agreement. Employee shall be permitted to own securities of a public company not
in excess of five percent (5%) of any class of such securities and to own stock
partnership interests or other securities of any entity not in excess of five
percent (5%) of any class of such securities and such ownership shall not be
considered to be competition with Company.

      (b) Reasonableness. Company and Employee agree and acknowledge that the
noncompetition clause described in Exhibit 1 - Section 3(a) above is made in
consideration of substantial compensation payable under this Agreement. In
consequence of this Company and Employee agree and acknowledge that the
duration, scope, and geographic area included in such covenant not to compete
are fair, reasonable, necessary, and appropriate, and will not prevent Employee
from engaging in profitable business activities or employment.

      (c) Non-Solicitation. During and for 12 months after termination of
Employee's employment for any reason, Employee shall not, directly or indirectly
solicit, recruit or hire any employee of Company to work for a third party which
competes with Company in the business of research, discovery and/or development
of human therapeutics and vaccines for infectious diseases that are being
actively researched, discovered or developed by Company at the time of
termination, or engage in any activity that would cause any employee to violate
any agreement with Company.

4. Representations and Warranties. Employee represents and warrants that (a)
Employee is able to perform the duties of his or her position, (b) the execution
and delivery of this Agreement, and the performance of Employee's duties and
obligations hereunder, will not, with or without the giving of notice or the
passage of time, or both, (i) conflict with, result in the breach of any
provisions of or the termination of, or constitute a default under, any
agreements or understandings between Employee and other persons or companies, or
(ii) violate any judgment, writ, injunction, or order of any court, arbitrator,
or governmental agency applicable to Employee, and (c) all information provided
by Employee to Company is true and accurate.

5. Severability. If any term or other provision of this Agreement is determined
by any arbitrator or court of competent jurisdiction to be invalid, illegal, or
unenforceable in whole or in part by reason of any applicable law or public
policy, and such determination becomes final and nonappealable, such term or
other provision shall remain in full force and effect to the fullest extent
permitted by Law, and all other terms and provisions shall remain in full force
and effect in their entirety. Without limiting the generality of the foregoing,
if the duration, scope, or area of restrictions set forth in Exhibit 1 - Section
3 are determined by arbitrator or any court of competent jurisdiction to be
invalid, illegal, or unenforceable in whole or in part by reason of any
applicable Law or public policy now or hereafter existing, such restrictions
shall be interpreted, modified, or rewritten to include as much of such
duration, scope or areas as will render such restrictions valid and enforceable.

6. Assignment. Employee shall not assign all or any part of Employee's rights or
delegate its obligations hereunder by operation of Law or otherwise without
Company's express written consent (which consent may be granted or withheld in
Company's sole and absolute discretion).

7. Entire Agreement; Amendment; Waivers.

      (a) Entire Agreement. This Agreement constitutes the entire Agreement
between the Parties with respect to the subject matter hereof, and supersedes
all previous agreements, understandings, commitments or representations
concerning the subject matter contained in this Agreement. Each Party
acknowledges that the other Party has not made any representations other than
those that are contained herein.

                                     4 of 7
<PAGE>

Employee Name:             Camut         Christopher        C.
                -----------------------------------------------------
                           Last             First           Middle

      (b) Amendments; Waiver. Except for amendments or modifications in
accordance with certain provisions of this Agreement, this Agreement may not be
amended or modified in any way, except by a writing signed by an authorized
officer of Company and by Employee, and none of its provisions may be waived,
except by a written waiver signed by the waiving Party. No failure to act by
Company will waive any right contained in this Agreement. Any waiver by Company
must be in writing and signed by an officer of Company to be effective.

8. Successors and Assigns: No Third-Party Beneficiaries. This Agreement shall be
binding upon and inure solely to the benefit of the Parties and their respective
successors and permitted assigns. Nothing herein, whether express or implied, is
intended to or shall confer upon any other Person any legal or equitable right,
power, or remedy of any kind, nature, or description whatsoever under or by
reason hereof.

9. Dispute Resolution.

      (a) Arbitration. Any and all disputes or claims arising during the course
of employment, or arising out of the termination of employment, or arising in
the interpretation of this Agreement, between Employee and Company which cannot
be resolved through good faith negotiation, shall be resolved in accordance with
the provisions of this Section by mandatory arbitration, provided, however, that
the arbitration requirement shall not apply to Company seeking damages or
injunctive relief described in Exhibit 1 - Section 9(c), if such relief is
available under applicable law. Except as otherwise provided in this Agreement,
if any controversy should arise between the Parties in as a result of Employee's
employment relationship with Company, or the performance, interpretation or
application of this Agreement, either Party may serve upon the other a written
notice stating that such Party desires to have such controversy reviewed by a
board of three arbitrators and naming the person whom such Party has designated
to act as an arbitrator. Within 10 days after receipt of such notice, the other
Party shall designate an individual to act as arbitrator and shall notify the
Party requesting arbitration of such designation and the name of the individual
so designated. The two arbitrators so designated shall promptly select a third
arbitrator, and if they are not able to agree on such third arbitrator within 10
days, then either arbitrator, on 10 days notice in writing to the other, or both
arbitrators, shall apply to the American Arbitration Association to designate
and appoint such third arbitrator. If the Party upon whom a written request for
arbitration is served shall fail to designate its arbitrator within 10 days
after receipt of such notice, then the arbitrator designated by the Party
requesting arbitration shall act as the sole arbitrator and shall be deemed to
be the single, mutually approved arbitrator to resolve such controversy. All
documents, testimony, and records relating to any such arbitration will be
maintained in secrecy and will be available for inspection by Company, Employee
and their representative attorneys and experts, who will agree, in advance and
in writing, to receive and maintain all such information in secrecy, except as
may be limited by them in writing.

      (b) Binding Nature. The decision and award of a majority of the
arbitrators, or of such sole arbitrator, shall be binding upon both Employee and
Company and shall be enforceable in any court of competent jurisdiction. Such
decision and award may allocate the costs of such arbitration to one of the
Parties or disproportionately between the Parties. The arbitration shall be
conducted in accordance with the Commercial Arbitration Rules of the American
Arbitration Association.

      (c) Damages; Injunctive Relief. (i) Employee's obligations under this
Agreement have a unique and substantial value to Company and Employee remains
obligated even if he or she voluntarily or involuntarily leaves Company's
employment. Employee understands that if Employee violates this Agreement during
or after his or her employment Company may be able to recover monetary damages
from Employee and/or the other relief described below.

      (ii) A violation or even a threatened violation of this Agreement is
likely to result in irreparable harm to Company and monetary damages alone would
not completely compensate Company for the harm. Accordingly, Company may obtain
an injunction prohibiting Employee from violating Section 2 and Section 3 of
Exhibit 1 of this Agreement, an order requiring Employee to render specific
performance of the Agreement, and/or other appropriate equitable remedies.

      (iii) If an arbitrator or court determines that Employee has breached or
attempted or threatened to breach Section 2 or Section 3 of Exhibit 1 of this
Agreement, Employee acknowledges that such a breach would cause irreparable harm
to Company, and Employee consents to the granting of an injunction restraining
Employee from further breaches or attempted or threatened breaches of this
Agreement, compelling Employee to comply with this Agreement, and/or prescribing
other equitable remedies.

10. Governing Law. This Agreement, and any other disputes or claims arising out
of Employee's employment, including all arbitrated disputes, shall be governed
by, and construed and enforced in accordance with, the laws of the State of
Maryland, without regard to its conflict of laws provisions. Suit to enforce any
provision of this Agreement or to obtain any remedy with respect hereto may be
brought in a court of the State of Maryland for this purpose, Employee expressly
consents to the jurisdiction of said courts.

11. Notices. All notices and other communications from one Party to the other
shall be in writing and shall be deemed received upon (a) actual receipt when
personally delivered, (b) electronic confirmation of receipt if sent by
electronic mail, (c) electronic confirmation of receipt if sent by facsimile,
(d) expiration of the 5th business day after being deposited in the United
States mails, postage prepaid, certified or registered mail or (e) expiration of
one business day after being deposited during the regular business hours for
next-day delivery and prepaid for overnight delivery with a national overnight
courier company, addressed to the other Party as set forth on the signature
page. Each Party may change its address by giving the other Party notice thereof
in conformity with this Section.

12. Definitions. For purposes of this Agreement:

      (a) "Agreement" means the agreement, and each such exhibit, appendix,
schedule, rider or addendum attached thereto as they may be amended, restated,
supplemented or modified from time to time.

      (b) "Confidential Information" means confidential, proprietary or trade
secret information relating to Company's past, present or future (i) products,
processes, formulas, patterns, compositions, compounds, projects,
specifications, know how, research data, clinical data, personnel data,
compilations, programs, devices, methods, techniques, inventions, software, and

                                     5 of 7
<PAGE>

Employee Name:             Camut         Christopher        C.
                -----------------------------------------------------
                           Last             First           Middle

improvements thereto, (ii) research and development activities, (iii) designs
and technical data, (iv) marketing or business development activities, including
without limitation prospective or actual bids or proposals, pricing information
and financial information, (v) customers or suppliers or (vi) other
administrative, management, planning, financial, marketing, purchasing or
manufacturing activities. All of this type of information, whether it belongs to
Company or was provided to Company by a third party with the understanding that
it be kept confidential, and any documents, diskettes or other storage media, or
other materials or items containing this type of information, are proprietary
and confidential to Company.

      (c) "Invention" means any invention, modification, design, program code,
software, documentation, formula, data, know how, technique, process, method,
device, discovery, improvement, developments, or works of authorship and all
related patents, patent applications, copyrights and copyright applications
whether patentable or not, created, made, conceived or reduced to practice,
solely or jointly by Employee whether or not during normal working hours or on
Employee's own time, using Employee's own equipment, on the premises of Company
or elsewhere, or after termination of Employee's employment with or by Company
that (i) is created using Company's facilities, supplies, information, trade
secrets or time, (ii) relates directly or indirectly to or arises out of the
actual or proposed business, including without limitation the research and
development activities, of Company, (iii) relates directly or indirectly to or
arises out of any task assigned to Employee or work Employee performs for
Company or (iv) is based on Confidential Information.

      (d) "Law" means any federal, state, local, municipal, foreign,
international, multinational, or other administrative order, constitution, law,
ordinance, principle of common law, regulation, statute, or treaty.

      (e) "Person" means any individual, partnership, firm, corporation, limited
liability company, joint venture, association, trust, unincorporated
organization, or other entity.

13. Indemnification. Employee shall indemnify and hold Company harmless from:

      (a) any and all damages, claims, costs and expenses based on, or arising
from, the breach of any agreement or understanding between Employee and another
person or company, and

      (b) Employee's use or disclosure of any Confidential Information or trade
secrets Employee obtained from sources other than Company.

14. Miscellaneous Provisions.

      (a) Construction. Each Party has participated equally in the preparation
and negotiation of this Agreement, and each Party hereby unconditionally and
irrevocably waives to the fullest extent permitted by law any rule of
interpretation or construction requiring that this Agreement be interpreted or
construed against the drafting Party.

      (b) Order of Precedence. In the event of any conflict between a provision
or provisions set forth under the Basic Terms heading in this Agreement and any
exhibit, appendix, schedule, rider or addendum, the provision or provisions set
forth under such Basic Terms shall control unless the exhibit, appendix,
schedule, rider or addendum specifically provides otherwise.

      (c) Headings. The descriptive headings contained herein are for
convenience of reference only and shall not affect in any way the meaning,
construction, or interpretation of any term or provision hereof.

      (d) Counterparts. This Agreement may be executed in any number of
counterparts and by the different parties in separate counterparts, each of
which when executed shall be deemed an original, and all of which taken together
shall constitute one and the same Agreement with the same effect as if such
signatures were upon the same document. Delivery of an executed counterpart
hereof via facsimile shall be as effective as delivery of a manually executed
counterpart hereof.

      (e) Eligibility Documents. Employee shall provide Company with true and
correct documents ("Eligibility Documents") identifying Employee's eligibility
to work in the United States (see back of 1-9 form for list of acceptable
documents) on or before the Commencement Date. Employee will need these
documents to begin employment.

                                     6 of 7
<PAGE>

Employee Name:             Camut         Christopher        C.
                -----------------------------------------------------
                           Last             First           Middle

                           SCHEDULE 2(d) TO EXHIBIT 1

                            PRIOR WORKS OR INVENTIONS

The following are Employee's Prior Works Or Inventions as defined in Section
3(d) of Exhibit 1 of this Agreement. If blank, then there are NONE.

                                     7 of 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]