Document:

THIS  AGREEMENT  is  made  effective as of the 28th day of March, 2000
BETWEEN:

EFINANCIAL  DEPOT.COM,  INC.
----------------------------
150  -  1875  Century  Park  East
Century  City,  California,  90067
(hereinafter  referred  to  as  the  "Company")

                                                               OF THE FIRST PART

AND:

COBRA  CAPITAL  LIMITED
-----------------------

(hereinafter  referred  to  as  the  "Contractor")

                                                              OF THE SECOND PART

WHEREAS:

A.          The  Company  desires to retain the Contractor to assist the Company
in  the  areas  of strategic development, mergers and acquisitions and corporate
finance  with  particular  emphasis  on Asia and the Contractor has agreed to so
assist  the  Company  on  the  terms  and  conditions  of  this  Agreement.

          NOW  THEREFORE  THIS  AGREEMENT WITNESSES that in consideration of the
mutual  covenants and promises set forth herein, and for other good and valuable
consideration,  the  receipt  and sufficiency of which is hereby acknowledged by
each,  the  parties  hereto  agree  as  follows:

                                    ARTICLE 1
                     APPOINTMENT AND AUTHORITY OF CONTRACTOR

1.1     Appointment  of  Contractor

          The Company hereby appoints the Contractor to perform certain services
for  the benefit of the Company as hereinafter set forth, and the Company hereby
authorizes  the  Contractor  to  exercise  such  powers  as  provided under this
Agreement.  The  Contractor accepts such appointment on the terms and conditions
herein  set  forth.

<PAGE>

1.2     Authority  of  Contractor

          The  Contractor  shall have no right or authority, express or implied,
to  commit  or otherwise obligate the Company in any manner whatsoever except to
the extent specifically provided herein or specifically authorized in writing by
the  Company.

1.3     Independent  Contractor

          In  performing  its  services  hereunder,  the  Contractor shall be an
independent  contractor and not an employee or agent of the Company, except that
the  Contractor  shall be the agent of the Company solely in circumstances where
the  Contractor  must  be the agent to carry out its obligations as set forth in
this  Agreement.  Nothing  in  this  Agreement  shall  be  deemed to require the
Contractor to provide its services exclusively to the Company and the Contractor
hereby  acknowledges  that the Company is not required and shall not be required
to  make  any  remittances  and payments required of employers by statute on the
Contractor's  behalf  and the Contractor or any of its agents or employees shall
not be entitled to the fringe benefits provided by the Company to its employees.

                                    ARTICLE 2
                             CONTRACTOR'S AGREEMENTS

2.1     General

          The  services  to  be provided by the Contractor for the Company shall
include the following in relation to the Company's desire to expand its business
in  Asia:

(a)     assisting  the  Company  in  its  strategic  planning  and  development;

(b)     providing  the  Company  with  advise  in connection with the raising of
capital  and  the  Company's  affairs  generally;

(c)     identifying potential merger and acquisition targets for the Company and
assisting  the  Company  in  negotiating  and  consummating  acquisitions;

(d)     implementing  or  causing  to be implemented decisions of the Company in
accordance  with  and  as  limited  by  this  Agreement;

(e)     providing  such  other  services  as the Company may reasonably request;

and in so assisting the Company, the Contractor shall at all times be subject to
the  direction  of  the  Company  and  shall keep the Company informed as to all
matters  concerning  the  Contractor's  activities.

2.2     Expense  Statements

          The  Contractor shall on or before the 15th day of each calendar month
during  the  term hereof, or if a Saturday, Sunday or holiday the next following
business day, render to the Company an itemized statement and accounting for the
previous  calendar  month,  together  with

<PAGE>

such supporting documents as and when the Company may reasonably require, of all
expenses  which  the  Company  is  obligated  by  this  Agreement  to reimburse.

          The  Contractor may incur expenses in the name of the Company up to an
amount  per  month  as agreed in advance by the Company, such expenses to relate
solely to the carrying out of the Contractor's duties hereunder.  The Contractor
will  immediately forward all invoices for expenses incurred on behalf of and in
the  name of the Company and the Company agrees to pay said invoices directly on
a  timely  basis.

                                    ARTICLE 3
                              COMPANY'S AGREEMENTS

3.1     Compensation  of  Contractor

          As  compensation  for the services rendered by the Contractor pursuant
to  this  Agreement,  the  Company  shall:

(a)     issue  to  the  Contractor,  or as directed by the Contractor, a warrant
(the  "Warrant")  entitling  the  holder to acquire 300,000 common shares in the
capital  stock  of  the  Company  (the  "Common Shares") at a price of $5.00 per
share,  said  Warrant  having  a  term  of  5  years;  and

(b)     issue  to the Contractor, or as directed by the Contractor, 8,500 Common
Shares  per month, as at the last day of each and every month during the term of
this  Agreement.

3.2     Indemnity  by  Company

          The  Company  hereby agrees to indemnify, defend and hold harmless the
Contractor  and  Sherrin  Lim,  from  and  against  any and all claims, demands,
losses, actions, lawsuits and other proceedings, judgments and awards, and costs
and  expenses (including reasonable legal fees), arising directly or indirectly,
in  whole  or  in  part,  out  of  any matter related to any action taken by the
Contractor within the scope of its duties or authority hereunder, excluding only
such  of  the foregoing as arise from the fraudulent, gross negligence, reckless
or  wilful act or omission of the Contractor, its officers, directors, agents or
employees  or  as  arise  in  respect of the Contractor's office overhead or the
Contractor's general administrative expenses, and the provisions of this Section
3.2  shall  survive  termination  of  this  Agreement.

                                    ARTICLE 4
                        DURATION, TERMINATION AND DEFAULT

4.1     Effective  Date

          This  Agreement  shall  become  effective  as of the 1st day of March,
2000, and shall continue for a period ending August 31, 2000, subject to earlier
termination  as  provided  for  herein.

<PAGE>

4.2     Termination

          This  Agreement  may be terminated by either party by giving the other
30  days written notice of such termination provided that in circumstances where
the  Contractor would otherwise have been entitled to receive a payment pursuant
to Section 3.1 herein within 30 days following termination of this Agreement the
Company  shall  make  such payment to the Contractor as if the Agreement had not
been  terminated.

4.3     Duties  Upon  Termination

          Upon  termination  of  this  Agreement  for any reason, the Contractor
shall upon receipt of all payments due and owing, promptly deliver the following
in  accordance  with  the  directions  of  the  Company:

(a)     a  final  accounting,  reflecting  the  balance  of expenses incurred on
behalf  of  the  Company  as  of  the  date  of  termination;  and

(b)     all documents pertaining to the Company or this Agreement, including but
not  limited  to,  all  books of account, correspondence and contracts, provided
that  the  Contractor  shall be entitled thereafter to inspect, examine and copy
all  of the documents which it delivers in accordance with this provision at all
reasonable  times  upon  three  (3)  days'  notice  to  the  Company.

4.4     Compensation  of  Contractor  on  Termination

          Upon  termination  of this Agreement, the Contractor shall be entitled
to  receive as its full and sole compensation in discharge of obligations of the
Company  to  the  Contractor  under  this Agreement all payments due and payable
under this Agreement to the date of termination and the Contractor shall have no
right to receive any further payments; provided, however, that the Company shall
have  the right to offset against any payment owing to the Contractor under this
Agreement any damages, liabilities, costs or expenses suffered by the Company by
reason  of  the fraud, negligence or wilful act of the Contractor, to the extent
such  right  has  not  been  waived  by  the  Company.

                                    ARTICLE 5
                                 CONFIDENTIALITY

5.1     Ownership  of  Work  Product

          All reports, documents, concepts, products and processes together with
any  marketing  schemes,  business  or  sales  contracts,  or  any  business
opportunities prepared, produced, developed, or acquired, by or at the direction
of  the  Contractor,  directly  or  indirectly,  in connection with or otherwise
developed or first reduced to practice by the Contractor performing the services
(collectively, the "Work Product") shall belong exclusively to the Company which
shall  be  entitled  to  all  right,  interest,  profits  or benefits in respect
thereof.  No  copies, summaries or other reproductions of any Work Product shall
be  made by the Contractor or any of its agents or employees without the express
permission  of  the  Company,  provided  that

<PAGE>

the  Contractor  is  hereby  given  permission  to maintain one copy of the Work
Product  for  its  own  use.

5.2     Confidentiality

          The  Contractor  shall  not,  except  as authorized or required by its
duties,  reveal  or divulge to any person or companies any of the trade secrets,
secret  or  confidential  operations,  processes  or dealings or any information
concerning  the  organization, business, finances, transactions or other affairs
of  the  Company,  which  may  come  to  his  knowledge  during the term of this
Agreement  and  shall  keep  in  complete  secrecy  all confidential information
entrusted to him and shall not use or attempt to use any such information in any
manner  which  may  injure  or cause loss, either directly or indirectly, to the
Company's  business  or may be likely so to do.  This restriction shall continue
to  apply after the termination of this Agreement without limit in point of time
but  shall  cease  to  apply to information or knowledge which may come into the
public  domain.

          The  Contractor shall comply, and shall cause its agents and employees
to  comply,  with  such  directions  as  the  Company  shall  make to ensure the
safeguarding  or  confidentiality  of  all  such  information.  The  Company may
require  that  any agent or employee of the Contractor execute an agreement with
the  Company  regarding  the  confidentiality  of  all  such  information.

5.3     Devotion  to  Contract

          During  the  term  of  this  Agreement,  the  Contractor  shall devote
sufficient  time,  attention, and ability to the business of the Company, and to
any associated company, as is reasonably necessary for the proper performance of
its  services  pursuant  to  this  Agreement.  Nothing contained herein shall be
deemed  to  require  the  Contractor to devote its exclusive time, attention and
ability  to the business of the Company.  During the term of this Agreement, the
Contractor  shall,  and  shall cause each of its agents or employees assigned to
performance  of  the  services  on  behalf  of  the  Contractor  to,:

(a)     at all times perform its services faithfully, diligently, to the best of
its  abilities  and  in  the  best  interests  of  the  Company;

(b)     devote  such  of  its  time, labour and attention to the business of the
Company  as is necessary for the proper performance of the Contractor's services
hereunder;  and

(c)     refrain  from acting in any manner contrary to the best interests of the
Company  or  contrary  to  the  duties of the Contractor as contemplated herein.

5.4     Other  Activities

          The  Contractor  shall  not  be  precluded  from  acting in a function
similar  to that contemplated under this Agreement for any other person, firm or
company.

<PAGE>

                                    ARTICLE 6
                                  MISCELLANEOUS

6.1     Waiver;  Consents

          No  consent,  approval  or waiver, express or implied, by either party
hereto,  to or of any breach of default by the other party in the performance by
the  other party of its obligations hereunder shall be deemed or construed to be
a  consent  or waiver to or of any other breach or default in the performance by
such  other party of the same or any other obligations of such other party or to
declare  the  other  party  in  default,  irrespective  of how long such failure
continues,  shall  not  constitute  a general waiver by such party of its rights
under  this  Agreement,  and  the granting of any consent or approval in any one
instance  by  or  on  behalf  of the Company shall not be construed to waiver or
limit  the  need  for  such  consent  in  any  other  or  subsequent  instance.

6.2     Piggyback  Registration  Rights

          If  at  any  time  during  the  2  years following the issuance of the
Warrant  or  any  Common  Shares  to,  or at the direction of, the Contractor as
contemplated  hereunder  the  Company  proposes to file a registration statement
qualifying  the  issuance  or resale of certain of the Company's securities, the
Company  shall,  subject  to  the  objection of any underwriter involved in such
share  issuances,  include  any securities issued to the Contractor hereunder in
such  registration  statement.  This  provision shall survive any termination of
this  Agreement.

6.3     Governing  Law

          This Agreement and all matters arising thereunder shall be governed by
the  laws of Delaware and the parties hereto agree to attorn to the jurisdiction
of  the  Courts  thereof

6.4     Successors,  etc.

          This  Agreement shall enure to the benefit of and be binding upon each
of  the  parties  hereto  and  their  respective heirs, successors and permitted
assigns.

6.5     Assignment

          This  Agreement  may  not  be  assigned  by  any party except with the
written  consent  of  the  other  party  hereto.

<PAGE>

6.6     Entire  Agreement  and  Modification

          This  Agreement  constitutes  the entire agreement between the parties
hereto  and  supersedes  all  prior agreements and undertakings, whether oral or
written,  relative  to  the  subject  matter  hereof.  To  be  effective  any
modification  of this Agreement must be in writing and signed by the party to be
charged  thereby.

6.7     Headings

          The  headings  of  the  Sections  and  Articles  of this Agreement are
inserted  for  convenience  of reference only and shall not in any manner affect
the construction or meaning of anything herein contained or govern the rights or
liabilities  of  the  parties  hereto.

6.8     Notices

          All  notices,  requests  and  communications  required  or  permitted
hereunder shall be in writing and shall be sufficiently given and deemed to have
been  received  upon personal delivery or, if mailed, upon the first to occur of
actual receipt or forty-eight (48) hours after being placed in the mail, postage
prepaid,  registered  or  certified mail, return receipt requested, respectively
addressed  to  the  Company  or  the  Contractor  as  follows:

The  Company:

efinancial  depot.com,  Inc.
150  -  1875  Century  Park  East
Century  City,  CA
USA
90067

Attention:  John  Huguet

The  Contractor:

Cobra  Capital  Inc.

Attention:

or  such  other  address  as may be specified in writing to the other party, but
notice  of  a change of address shall be effective only upon the actual receipt.

6.9     Time  of  the  Essence

          Time  is  of  the  essence.

<PAGE>

6.10     Further  Assurances

          The  parties hereto agree from time to time after the execution hereof
to  make,  do,  execute or cause or permit to be made, done or executed all such
further  and  other  lawful  acts,  deeds, things, devices and assurances in law
whatsoever  as  may be required to carry out the true intention and to give full
force  and  effect  to  this  Agreement.

6.11     Counterparts

          This Agreement may be executed in several counter-parts, each of which
will  be  deemed to be an original and all of which will together constitute one
and  the  same  instrument.

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

EFINANCIAL  DEPOT.COM,  INC.

Per:     /s/  John  Huguet
         -----------------
     Authorized  Signatory

COBRA  CAPITAL  CORP.

Per:     /s/  Stephen  Koltai
         --------------------
        Authorized  SignatoryPE CORPORATION

                    1993 DIRECTOR STOCK PURCHASE AND DEFERRED
                                COMPENSATION PLAN

                       (as amended through March 17, 2000)

1.       OBJECTIVE OF THE PLAN.

         The PE Corporation 1993 Director Stock Purchase and Deferred
Compensation Plan (the "Plan") is established effective October 21, 1993 for the
benefit of directors of PE Corporation (the "Corporation") who are not employees
of the Corporation or any of its subsidiaries. The Corporation has adopted the
Plan in recognition that its long-term success and achievements are enhanced and
the interests of its shareholders are best served when its outside directors
have a direct and personal stake in the performance of the Corporation's stock.

2.       DEFINITIONS.

         As used herein, the following terms have the meanings hereinafter set
forth unless the context clearly indicates to the contrary:

                  2.1 "Account" shall mean the deferred Fees account established
         for a Participant pursuant to Section 5.3.

                  2.2 "Board of Directors" shall mean the board of directors of
         the Corporation.

                  2.3 "Celera Stock" shall mean shares of PE Corporation -
         Celera Genomics Group Common Stock, par value $.01 per share, of the
         Corporation.

                  2.4 "Celera Stock Unit" shall mean the bookkeeping entry
         representing the equivalent of one share of Celera Stock.

                  2.5 "Corporate Secretary" shall mean the person holding the
         position of Secretary of the Corporation.

                  2.6 "Effective Date" shall mean October 21, 1993.

                  2.7 "Fees" shall mean all retainer, meeting and committee fees
         payable to a non-employee director for service on the Board of
         Directors for any calendar year from and after the Effective Date,
         before any reduction pursuant to this Plan.
<PAGE>

                  2.8 "Fees Payment Date" shall mean the first calendar day of
         the third month of each fiscal quarter or, if such date is not a
         business day for the Corporation, the next succeeding business day.

                  2.9 "Participant" shall mean any member of the Board of
         Directors who is not also a regular, salaried employee of the
         Corporation or any of its subsidiaries.

                  2.10 "PE Biosystems Stock" shall mean shares of PE Corporation
         - PE Biosystems Group Common Stock, par value $.01 per share, of the
         Corporation.

                  2.11 "PE Biosystems Stock Unit" shall mean the bookkeeping
         entry representing the equivalent of one share of PE Biosystems Stock.

                  2.12 "Stock" shall mean Celera Stock and/or PE Biosystems
         Stock.

                  2.13 "Stock Price" shall mean the simple average of the high
         and low sales prices of a share of Celera Stock or PE Biosystems Stock,
         as the case may be, as reported in the report of composite transactions
         (or other independent published source designated by the Board of
         Directors) on the Fees Payment Date (or if there shall be no trading on
         such date, then on the first previous date on which sales were made on
         a national securities exchange). Notwithstanding the foregoing, if
         Celera Stock or PE Biosystems Stock is purchased in the market for
         purposes of the Plan on a Fees Payment Date, "Stock Price" shall mean
         the actual average cost per share of the aggregate purchases of Celera
         Stock or PE Biosystems Stock for the Plan on such date.

                  2.14 "Stock Unit" shall mean a Celera Stock Unit and/or a PE
         Biosystems Stock Unit.

3.       PARTICIPATION.

         All members of the Board of Directors who are not also regular salaried
employees of the Corporation or any of its subsidiaries shall participate in the
Plan.

4.       PAYMENT OF FEES.

         4.1 Automatic Payment of Fees in Stock. Fifty percent (50%) of the Fees
of each Participant payable on and after the Effective Date, shall be applied to
the purchase of Celera Stock and/or PE Biosystems Stock or, if deferred pursuant
to Section 5.1, credited as Celera Stock Units or PE Biosystems Stock Units, at
the applicable Stock Price on the Fees Payment Date, in each case in the ratio
specified in or established by the Board of Directors pursuant to Section 4.3.
To the extent not deferred pursuant to Section 5.1, whole shares of Stock
purchased in respect of such Fees shall be issued to the Participant

                                       2
<PAGE>

as soon as practicable thereafter. Cash shall be paid to a Participant in lieu
of a fractional share of Stock.

         4.2 Election to Receive Fees in Stock. A Participant may elect, by
filing the appropriate election form with the Corporate Secretary before the
Fees Payment Date to which the election applies, to have up to that portion of
his or her Fees payable on and after such Fees Payment Date which are not
automatically paid in Stock pursuant to Section 4.1 or which are not deferred
pursuant to Section 5.1, applied to the purchase of Celera Stock and/or PE
Biosystems Stock at the applicable Stock Price on the Fees Payment Date;
provided, however, that such purchase of Stock of each class shall be in the
ratio specified in or established by the Board of Directors pursuant to Section
4.3. Whole shares of Stock purchased in respect of such Fees shall be issued to
the Participant as soon as practicable thereafter. Cash shall be paid to a
Participant in lieu of a fractional share of Stock.

         A Participant may amend or terminate an election under this Section 4.2
by written notice to the Corporate Secretary. Such amendment or termination
shall be effective as of the next Fees Payment Date following the date of
delivery of such notice to the Corporate Secretary.

         4.3 Allocation Between Stock. Purchases of Stock of each class under
Section 4.1 and Section 4.2 shall be made, as nearly as practicable, in the
ratio of the number of shares of such class then outstanding to the number of
shares of the other class then outstanding, or in such other ratio as shall be
determined by the Board of Directors from time to time. The Board of Directors
shall allocate each Participant's purchases of Stock of each class under the
Plan in order to maintain such Participants' holdings in accordance with this
ratio. The Board of Directors may, if it deems necessary, adopt specific rules
consistent with this Section 4.3.

5.       DEFERRAL OF FEES.

         5.1 Deferral Election. A Participant may elect to defer receipt of his
or her Fees, including all or any portion of his or her Fees which are subject
to Section 4.1 hereof, by filing the appropriate deferral form with the
Corporate Secretary on or before December 15th of the calendar year prior to the
calendar year in which such deferral is to be effective or, in the case of any
person elected to the Board of Directors after the Effective Date, within thirty
(30) days after such person first becomes eligible to participate in the Plan.

         Any Participant who has made an effective election to defer the receipt
of Fees which election was in effect on October 21, 1993 may continue to defer
receipt of such Fees pursuant to such election; provided, however, that such
election and any such deferral which occurs on or after the Effective Date shall
be governed by the terms of this Plan.

                                       3
<PAGE>

         Notwithstanding the foregoing, no deferral shall be permitted to the
extent prohibited by applicable law.

         5.2 Period of Deferral. Subject to Section 5.9, a Participant may elect
to defer receipt of Fees until (a) a specified date in the future, (b) cessation
of the Participant's service as a member of the Board of Directors or (c) the
end of the calendar year in which cessation of the Participant's service as a
member of the Board of Directors occurs.

         5.3 Deferred Fees Account. There shall be established an Account in the
Participant's name on the books of the Corporation for each Participant electing
to defer Fees pursuant to this Section 5.

         5.4 Investment of Deferrals. Except as provided in the next sentence,
deferrals shall be credited to a Participant's Account in Celera Stock Units
and/or PE Biosystems Stock Units. With respect to that portion of his or her
deferrals under the Plan which are not subject to Section 4.1, the Participant
may elect under the procedures set forth in Section 4.2 that such deferrals be
credited to his or her Account in cash or Stock Units.

         5.5  Amounts Credited to Accounts.

                  (a) Investment in Stock Units. To the extent the deferral of a
         Participant's Fees is deemed invested in Stock Units, such amounts
         shall be credited to his or her Account in the following manner: on the
         Fees Payment Date to which the deferral election applies, the amount
         deferred shall be converted into a number of Stock Units by dividing
         the amount of Fees payable by the sum of the Stock Prices as of such
         date in the ratio specified in or established by the Board of Directors
         pursuant to Section 4.3. The quotient, which shall be expressed in
         whole or fractional Stock Units to the nearest one/one hundredth
         (1/100th), shall be credited to the Participant's Account as of such
         date in Celera Stock Units and PE Biosystems Stock Units; provided,
         however, that if the ratio established by the Board of Directors
         pursuant to Section 4.3 is other than 1:1, the number of Stock Units so
         credited shall be appropriately adjusted to reflect such ratio.

                  Whenever cash dividends are paid with respect to shares of
         Stock, each Participant's Account shall be credited on the payment date
         of such dividend with additional Stock Units of the same class
         (including fractional units to the nearest one/one hundredth (1/100th))
         equal in value to the amount of the cash dividend paid on a single
         share of such Stock multiplied by the number of Stock Units of the same
         class (including fractional units) credited to a Participant's Account
         as of the date of record for dividend purposes. For purposes of
         crediting dividends, the value of a Stock Unit shall be the applicable
         Stock Price as of the payment date of the dividend.

                                       4
<PAGE>

                  The number of Stock Units credited to each Participant's
         Account shall be appropriately adjusted and modified upon the
         occurrence of any stock split, stock dividend or stock consolidation
         affecting the Celera Stock or PE Biosystems Stock. In the event of a
         merger, consolidation or an acquisition involving more than 50% of the
         issued and outstanding shares of Celera Stock or PE Biosystems Stock,
         the Board of Directors shall have the authority to amend the Plan to
         provide for the conversion of Celera Stock Units or PE Biosystems Stock
         Units credited to Participants' Accounts into units equal to shares of
         stock of the resulting or acquiring company (or a related company), as
         appropriate, if such stock is publicly traded or, if not, into cash of
         equal value on the date of merger, consolidation or acquisition. If
         pursuant to the preceding sentence cash is credited to Participants'
         Accounts, income shall be credited thereon from the date such cash is
         received to the date of distribution at the rate determined pursuant to
         Section 5.5(b). If units representing publicly traded stock of the
         resulting or acquired company (or a related company) are credited to
         Participants' Accounts, dividends shall be credited thereto in the same
         manner as dividends are credited on Stock Units credited to such
         Accounts.

                  (b) Deferrals in Cash. To the extent not deemed invested in
         Stock Units pursuant to Section 5.5(a), the Account of a Participant
         will be credited with the dollar amount of the Participant's deferrals
         as of the Fees Payment Date. Subject to Section 5.9, interest shall be
         credited thereon from the date such cash is received to the date of
         distribution quarterly, at the end of each calendar quarter, at a rate
         per annum (computed on the basis of a 360 day year and a 91 day
         quarter) equal to the prime rate announced publicly by Citibank, N.A.
         at the end of such calendar quarter.

         5.6 Distribution of Deferral Account. Subject to Section 5.9,
distributions of a Participant's Account under the Plan shall be made as
follows:

                  (a) if a Participant has elected to defer his or her Fees to a
         specified date in the future, payment shall be as of such date and
         shall be made or shall commence, as the case may be, within thirty (30)
         days after the date specified;

                  (b) if a Participant has elected to defer his or her Fees
         until cessation of his or her service as a member of the Board of
         Directors, payment shall be as of the date of such cessation of service
         and shall be made or shall commence, as the case may be, within thirty
         (30) days after the cessation of the Participant's service as a
         director; and

                  (c) if a Participant has elected to defer his or her Fees
         until the end of the calendar year in which the cessation of his or her
         service as a member of the Board of Directors occurs, payment shall be
         made or commence, as the case may be, on or before December 31st of
         such year.

                                       5
<PAGE>

         5.7 Payment Upon Death. Notwithstanding any elections pursuant to
Sections 5.2 and/or 5.8 hereof, but subject to Section 5.9 hereof, in the event
of the death of a Participant prior to the distribution of his or her Account
hereunder, the balance credited to such Participant's Account as of the date of
his or her death shall be paid, as soon as reasonably possible thereafter, in a
single distribution to the Participant's beneficiary or beneficiaries designated
on such Participant's deferral election form. If no such election or designation
has been made, such amounts shall be payable to the Participant's estate.

         5.8 Form of Payment. Subject to Section 5.9, a Participant may elect to
have his or her Account under the Plan paid in a single distribution or in equal
annual, semi-annual or quarterly installments over a period not to exceed 10
years. To the extent a Participant's Account is deemed invested in Stock Units,
such Stock Units shall be converted to the applicable Stock on the distribution
date as provided in the next paragraph. To the extent deemed invested in units
of any other stock, such units shall similarly be converted and distributed in
the form of stock. To the extent invested in a medium other than Stock Units or
other units, each such distribution hereunder shall be in the medium credited to
the Participant's Account.

         To the extent a Participant's Account is deemed invested in Stock
Units, a single distribution shall consist of the number of whole shares of the
applicable Stock equal to the number of Stock Units credited to the
Participant's Account on the date as of which the distribution occurs. Cash
shall be paid to a Participant in lieu of a fractional share, determined by
reference to the applicable Stock Price on the date as of which the distribution
occurs.

         In the event a Participant has elected to receive installment payments,
each such payment shall be determined as follows:

                  (i) To the extent his or her Account is deemed to be invested
         in Stock Units, each such payment shall consist of the number of whole
         shares of Stock equal to the number of Celera Stock Units and PE
         Biosystems Stock Units, as the case may be, (in each case including
         fractional units) credited to the Participant's Account on the date as
         of which the distribution occurs, divided by the number of installments
         remaining as of such distribution date. Distributions in the form of
         stock shall be rounded to the nearest 100 shares. Cash shall be paid to
         Participants in lieu of fractional shares, determined by reference to
         the applicable Stock Price on the date as of which the distribution
         occurs.

                  (ii) To the extent his or her Account has been credited in
         cash, each such payment shall be calculated by dividing the value on
         the date the distribution occurs of that portion of the Participant's
         Account which is in cash by the number of installments remaining as of
         such distribution date.

                                       6
<PAGE>

         Each Participant or beneficiary agrees that prior to any distribution
under the Plan, he or she will make such representations and execute such
documents as are deemed by the Board of Directors to be necessary to comply with
applicable laws.

         5.9 Split-Dollar Arrangements. Notwithstanding anything to the contrary
contained herein, in the event that the Company has paid any premiums under any
life insurance policies purchased in accordance with the terms of any
split-dollar insurance agreement between a Participant and the Company, the
Company shall have no obligation hereunder to make any distribution to such
Participant of that portion of the balance of such Participant's Account
credited in cash pursuant to Section 5.6 or 5.7 equal to the amount of such
premiums, or to credit any interest on such portion of such Account pursuant to
Section 5.5(b), unless and until such time as the Company shall be reimbursed in
full for the amount of such premium payments. At such time as the Company shall
have been reimbursed in full for the amount of such premium payments, the
balance of such Participant's Account so credited in cash shall be distributed
as follows: (i) if such Participant is on the date of such reimbursement in full
a Participant in the Plan, then in accordance with his or her election pursuant
to Sections 5.2 and 5.8, and (ii) if such Participant is not a Participant in
the Plan on the date of such reimbursement, then in a single distribution as
soon as reasonably possible after such date.

6.       ADMINISTRATION OF THE PLAN.

         The Board of Directors shall administer the Plan. The Board of
Directors shall have plenary authority in its discretion to interpret the Plan;
to prescribe, amend and rescind rules and regulations relating to it; to
determine the terms of Fees deferral agreements executed and delivered under the
Plan, including such terms and provisions as shall be requisite in the judgment
of the Board of Directors to conform to any change in any law or regulation
applicable thereto; and to make all other determinations deemed necessary or
advisable for the administration of the Plan. The Board of Directors'
determination on the foregoing matters shall be conclusive.

7.  TERMINATION AND AMENDMENT OF THE PLAN.

         The Board of Directors may at any time terminate the Plan or make such
modification or amendment of the Plan as it shall deem advisable; provided,
however, that no amendment may be made, without the approval by the holders of
the Stock, which would (i) materially increase the benefits accruing to
Participants under the Plan, (ii) increase the maximum number of shares reserved
for issuance under the Plan, or (iii) amend the requirements as to the class of
persons eligible to participate in the Plan and, provided further, that no
modification or amendment of the Plan shall reduce any amount already credited
to a Participant's Account as of the effective date of such modification or
amendment. This Plan may be amended without shareholder approval in order to
ensure

                                       7
<PAGE>

that this Plan, in form and operation, complies with regulations issued under
Section 16 of the Securities Exchange Act of 1934.

8.       STOCK RESERVED FOR THE PLAN.

         Four hundred thousand (400,000) shares of authorized but unissued PE
Biosystems Stock are reserved for issuance and may be issued pursuant to the
terms of the Plan. One hundred thousand (100,000) shares of authorized but
unissued Celera Stock are reserved for issuance and may be issued pursuant to
the terms of the Plan.

         In lieu of such unissued shares, the Corporation may, in its
discretion, transfer to Participants under the terms of the Plan treasury
shares, reacquired shares or shares bought in the market for the purposes of the
Plan, provided that (subject to the provisions of the next paragraph) the total
number of shares which may be issued under the Plan shall not exceed 400,000
shares of PE Biosystems Stock and 100,000 shares of Celera Stock.

         In the event of any changes in the outstanding Celera Stock or PE
Biosystems Stock by reason of stock dividends, split-ups, spin-offs,
recapitalizations, mergers, consolidations, combinations or exchanges of shares
and the like, the aggregate number and class of shares available under the Plan
shall be appropriately adjusted.

9.       NO INTEREST IN ASSETS.

         No Participant or any other person shall have any interest in any
specific asset of the Corporation by reason of any amount credited to him or her
hereunder, nor any right to receive any distribution under the Plan except as
and to the extent expressly provided in the Plan. There shall be no funding of
any benefits which may become payable hereunder. No trust shall be created by
the execution or adoption of this Plan or be required to be created in
connection herewith. Any amounts which become payable hereunder shall be paid
from the general assets of the Corporation. Nothing in the Plan shall be deemed
to give any member of the Board of Directors any right to participate in the
Plan, except in accordance with the provisions of the Plan.

10.  RESTRICTION AGAINST ASSIGNMENT.

         The Corporation shall pay all amounts payable hereunder only to the
person or persons designated by the Plan as Participant or beneficiary, as
appropriate, and not to any other person or corporation. No part of a
Participant's Account shall be liable for the debts, contracts or engagements of
any Participant, his or her beneficiaries or successors in interest, nor shall
it be subject to execution by levy, attachment or garnishment or by any other
legal or equitable proceeding, nor shall any such person have any right to

                                       8
<PAGE>

alienate, anticipate, commute, pledge, encumber or assign any benefits or
payments hereunder in any manner whatsoever.

11.  GOVERNMENT REGULATIONS.

         The Plan, and the deferral of Fees and purchase of Stock thereunder,
and the obligation of the Corporation to issue, sell and deliver shares, as
applicable, under the Plan, shall be subject to all applicable laws, rules and
regulations.

12.  GOVERNING LAW.

         This Plan shall be construed, regulated and administered under the
internal laws of the State of Delaware.

13.  SHAREHOLDER APPROVAL.

         This Plan shall be without force and effect unless approved by the
Corporation's shareholders.

                                       9

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